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Who makes real money from forex?

  • #221
  • Jul 29, 2016 5:18pm Jul 29, 2016 5:18pm
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IMPROVISE ADAPT OVERCOME
  • #222
  • Jul 29, 2016 11:23pm Jul 29, 2016 11:23pm
my Live account is still going well. I'm not trying to get rich quick, trying to grow account slowly so in 5 years maybe I can start taking a little out as extra income. Still make little mistakes but nothing that will blow my account up as I only trade small amounts.
I started with £100 in December and I'm at £517 so far. That's about 26.5% a month. I trade the daily timeframe with such an easy strategy and keep charts clean.
Don't let people say it can't be done, it can.
  • #223
  • Jul 30, 2016 2:01pm Jul 30, 2016 2:01pm
I made a $1000 last week on a $5000 account
  • #224
  • Jul 31, 2016 1:00pm Jul 31, 2016 1:00pm
book seller, coaching, mentoring, training program,..........broker. they get real money, true real on their hand
the gambler
the devils apprentice Return Today: na
  • #225
  • Jul 31, 2016 8:18pm Jul 31, 2016 8:18pm
There are many who earn for real . But what about Real losses?
Never Gamble Forex
  • #226
  • Jul 31, 2016 11:59pm Jul 31, 2016 11:59pm
Quoting yesyoucan
There are many who earn for real . But what about Real losses?
The losses are real, the profits are not... Best to sell the dream as a business and keep the appearance of profitability.
Seeing the Emperor-With-No-Clothes, the real situation is always summarized as:
"A half lived, half lied world filled will Could've, Would've, Should've"
  • #227
  • Aug 1, 2016 3:06am Aug 1, 2016 3:06am
Quoting Mingary
{quote} The losses are real, the profits are not... Best to sell the dream as a business and keep the appearance of profitability. Seeing the Emperor-With-No-Clothes, the real situation is always summarized as: "A half lived, half lied world filled will Could've, Would've, Should've"
Not the same hard way I think. All are real . 99% trader fails ..maybe 1% successful. People trade the markets as recurring investments, profit>loss>profit>loss>loss>gain such way. May lost initially 2000$ again back to market to test with 1500$ ..very often i seen this.

Money can't be made everyday dude. Like euro/usd 3-4 months trendy and rest of months sideways/choppy. Most of traders have no objective of trading, unrealistic approach of return expectation made it more harder. I seen many example about Warren Buffets, George Sores etc but they're investors and
did we see anywhere they teach us how to trade? They don't , either they buy at very low levels where others scary to invest or do systematic investment (SIP) on any instruments. Yes they have ability to invest at any levels. If anyone buy Gold around 1175/ 1075 / 1200 and have ability to buy even at 750 and don't bother where it goes temporary, in a long run he makes huge profit. All he needs to have holding capacity and buying at lower levels if he is bullish on Gold bullion.

Being an trader , willing to earn everyday . Being in a long run Investor is more profitable than traders. But yes if so then brokerage industry will die, people related to brokerage industry will loose their jobs. So everything game packed, it's mine what to choose and what not.
Never Gamble Forex
  • #228
  • Aug 1, 2016 7:17am Aug 1, 2016 7:17am
Quoting yesyoucan
{quote} ......They don't , either they buy at very low levels where others scary to invest or do systematic investment (SIP) on any instruments. Yes they have ability to invest at any levels. If anyone buy Gold around 1175/ 1075 / 1200 and have ability to buy even at 750 and don't bother where it goes temporary, in a long run he makes huge profit. All he needs to have holding capacity and buying at lower levels if he is bullish on Gold bullion.
Yeah, i agree with you. Systematic trading method could not work forever, but flexible systematic trading method could work that could adapt to market environment. Like E/U would trend for around 3 months and sideways for another 3 months. This does not include the daily average range, which the price range can expand and contract and hence to form the trendy and sideways pattern. This is my observation to one particular time frame.

The holding power must be strong enough, which allow you to trade more or survive longer, but still subject to total risk that an account could withstand. I have learned from many good traders who could make a lot of money, their advice was always no strategy, it was just the normal trading method, probably they cheated me, but i did not think so if so many traders told me the same advice. Then all these collected info one day had changed my mind, that is the reason now i can earn good profit. The concept to me is "sometimes you need to let go, sometimes you need to pursue". Meaning to say, you must earn as much as possible when there is an opportunity, and must close the losing position sometimes, and must stop trading sometimes too. Still, one day when the time come, will blow your account as i know it. However, recently i realised one thing for not to blow my account. Still it is about a mindset.
  • #229
  • Aug 5, 2016 12:59pm Aug 5, 2016 12:59pm
it's impossible to trade without losses.. especially when you just start this bussiness. It's normal to loose, the main thing is to be patient and not to give up!
  • #230
  • Aug 5, 2016 8:50pm Aug 5, 2016 8:50pm
Quoting petercarr
it's impossible to trade without losses.. especially when you just start this bussiness. It's normal to loose, the main thing is to be patient and not to give up!
Yeah...! While trading, you may face loss, but with each loss you gain something more precious than money and that is Experience, which could be useful in your next trade.
  • #231
  • Aug 6, 2016 1:44am Aug 6, 2016 1:44am
Quoting GodfatherSam
{quote} Yeah...! While trading, you may face loss, but with each loss you gain something more precious than money and that is Experience, which could be useful in your next trade.
The expression that "95% of traders fail" is more like "95% give up before succeeding" .
20 Pips a day keeps centerlink away
  • #232
  • Aug 6, 2016 6:43am Aug 6, 2016 6:43am
I know many traders who make good money and me too. Never give up than one day you'll be a profitable trader.
  • #233
  • Aug 6, 2016 11:18pm Aug 6, 2016 11:18pm
Invariably, you hear about "who makes real money" only on hearsay and rumors.
Such as "My Neighbor told me that his colleague at work knows someone who has a cousin who his making a killing at forex"
If you care to dig a little deeper you will find that the reality for forex retail traders is utterly dismal.
For example:

Inserted Video
  • #234
  • Aug 7, 2016 2:00am Aug 7, 2016 2:00am
Who makes real money from forex?

My answer is:
1. Brokers
2. FX product vendors
3. 2% of all traders
while(sleep) { sheep++; }
  • #235
  • Aug 7, 2016 5:36am Aug 7, 2016 5:36am
Quoting Kilian19
{quote} It depends on how you define time lost. I learnt a lot about myself during trading and I really enjoyed the trip so far but the time before becoming profitable is time being infested which will not be given back t you if you decide to step back at one time. There are some negative experiences related to forex I have heard no one talking about so far. In my opinion earning long term in forex/trading is possible but it bothers me a lot that I do not create real value with my work. Taking away money from some people without creating a good...
That's a really good answer. Too many people measure themselves and others in terms of money or position. Surely what's really important is what sort of person you are, how happy you are with your life, and if trading or anything else contributes to that then it has to be a good thing
  • #236
  • Aug 8, 2016 9:44am Aug 8, 2016 9:44am
Quoting nidec
{quote} That's a really good answer. Too many people measure themselves and others in terms of money or position. Surely what's really important is what sort of person you are, how happy you are with your life, and if trading or anything else contributes to that then it has to be a good thing
Well, just be grateful on who you really are. Happiness isn't always come from money itself.
  • #237
  • Aug 8, 2016 2:52pm Aug 8, 2016 2:52pm
Quoting Mingary
Invariably, you hear about "who makes real money" only on hearsay and rumors. Such as "My Neighbor told me that his colleague at work knows someone who has a cousin who his making a killing at forex" If you care to dig a little deeper you will find that the reality for forex retail traders is utterly dismal. For example: https://www.youtube.com/watch?v=_ZgV0fWGWmM
You hear about it in that fashion because making money in the markets is almost considered cheating the system. Who is going to walk around talking about that all day?
If you are good at something, never do it for free--Joker
  • #238
  • Edited 11:31pm Aug 8, 2016 10:28pm | Edited 11:31pm
Quoting jmn5611
{quote} You hear about it in that fashion because making money in the markets is almost considered cheating the system. Who is going to walk around talking about that all day?
"that fashion" ? they could not find one decent trader ...only losers and scammers ? Not even one genuine success, perhaps to balance the character set ?

"You hear about it in that fashion because making money in the markets is almost considered cheating the system" - I agree.

"Who is going to walk around talking about that all day?"
Ok.. who ?
  • #239
  • Aug 9, 2016 12:22am Aug 9, 2016 12:22am
Quoting coensio
Who makes real money from forex? My answer is: 1. Brokers 2. FX product vendors 3. 2% of all traders
Well, then we should be the that 2% in order to make the real money from Forex itself.
  • #240
  • Aug 9, 2016 3:35am Aug 9, 2016 3:35am
I heard Chuck Norris opened one scalp trade and took every pip.
You can lead a man to knowledge, but you can't make him think.
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