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Who makes real money from forex?

Quoting Subliminal
{quote} Speaking in regards to not risking more then you achieved do you think it would be smart to bank certain profits each month as opposed to just growing and growing my portfolio size. For example(im sure my numbers will make no since, im new to trading not sure what an average monthly return is for a profitable trader at the specific example i use) if I have $30,000 USD in a trading account and make $10,000 in a month would it be reasonable risk management to withdraw the $10,000 USD out of my brokerage account and into the bank as pure profit...
Good question dear..I am not suppose what is your position in trading I mean time experience which is important. U should decide a position size according to your account size and trade accordingly say on 5000 acc .05 then your acc grow to 6000 now choice is yours withdraw 1000 or increase trade size 0.6 ...M
Trade fearless not careless...
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Le$$ I$ More
Quoting PaulDaemon
{quote} The expression that "95% of traders fail" is more like "95% give up before succeeding" .
I read that 98% of traders loose) your statistics is even more hopeful) and yes, you are absolutely right! the main rule is: don't give up!
Quoting mohsinali
{quote} Good question dear..I am not suppose what is your position in trading I mean time experience which is important. U should decide a position size according to your account size and trade accordingly say on 5000 acc .05 then your acc grow to 6000 now choice is yours withdraw 1000 or increase trade size 0.6 ...M
learned some more about position sizing last night and further understand this. Thanks for the advice mohsinali!
Quoting petercarr
{quote} I read that 98% of traders loose) your statistics is even more hopeful) and yes, you are absolutely right! the main rule is: don't give up!
Same goes for a regular business. If you do some research you'll find about 90% of restaurants fail within the 1st year. A friend of my lost 3 restaurants in a row, all went broke within 12 months. The fourth one took off and ended up making a profits of around 250k per year. If they gave up on the 1st attempt, number 4 wouldn't exist.
20 Pips a day keeps centerlink away
Quoting PaulDaemon
{quote} Same goes for a regular business. If you do some research you'll find about 90% of restaurants fail within the 1st year. A friend of my lost 3 restaurants in a row, all went broke within 12 months. The fourth one took off and ended up making a profits of around 250k per year. If they gave up on the 1st attempt, number 4 wouldn't exist.
perfect example paul! also funny how if only 2% of traders succeed that isn't necessarily a bad thing. a very small percentage of people are also extremely wealthy, showing it is possible.
Quoting thodie
{quote} made my first steps in coding around 2012 and it opened my eyes in terms of trading/systems/indicators... i needed years, this was very time consuming too, so there is no "fast and easy answer" and you most likely wont find it in the EURUSD tread of this forum. Dont expect a developer to give away a good profitable expert advisor, there are thousands for free - and that is what they are worth. So watch out snake oil sellers and super hot systems without a trade explorer or account statement. There are already some well known manual trading...
I saw that on another website about a Holy Graily Thingy. All I can say is, I wish them all the best!
If you are good at something, never do it for free--Joker
In my many years of investing. 16+, I have never met a successful day trader (currencies, futures, etc.) that has done it consistently and/or long term that stands outside of a bank that has sufficiently more capital.

Everyone has their money blueprint, on what is a lot. Lots of people start with the bottom in mind, to get by, to have just enough to do this lifestyle to survive etc.. To me, that is the 'dream' and most likely possible and probably many are doing it. I could not do it and found it too challenging even though I started with a 500K USD trading account. I found it too emotionally draining and challenging, so my other forms of investing have created by far the greatest amount of my wealth.

I am now at the point in my life where I could invest my capital in anything and live in the top 1% of income producers worldwide, so making 200% on my EA per month isn't in the cards. I have more to lose than that.

For me, there is a minimum standard of living that I require, and realized that I couldn't do it emotionally to get there by pushing the envelope trading. Anything is possible, but all the guys that supposedly did it that I met, weren't actually doing it and were focused on making the majority by doing other means, ie. courses, indicators, market data, market calls, etc..

I would love it if more people could actually PROVE their gains and be more of an inspiration, but I have come to the sad conclusion that they are so rare, that they are smart enough to not share or need to be on forums like this to distract them. These forums are great for beginners, but after a certain period, I imagine most successfully living day traders cut the cord and spend their extra time with family, spirituality etc..

Life is short, why spend it only looking at a screen and sending words to people you will never meet just for money?
We are our own best indicator.
you won't like this.....short term on the GBP/JPY works in asia and on a Thursday or Friday....but

they have enough computing power to knock ya right out....we proved that in 2004 on the fxcm forum....proved it with a poor soul who claimed this and sure enough....on the euro it was...

what I mean is the market operators will target ya...

so only trade the first 3 hours of a session or less...if one places a trade during idle hours one will be pissed, so it's as if you should wait till the volatility gets going then ya have a chance...

or trade the one minute chart at the Tokyo open and reverse any outside P A on the 7:53 candle pm in NY.....after the European vacation gets overwith!! he...he much love there...to tell ya all my secrets!!
Quoting PaulDaemon
{quote} Same goes for a regular business. If you do some research you'll find about 90% of restaurants fail within the 1st year. A friend of my lost 3 restaurants in a row, all went broke within 12 months. The fourth one took off and ended up making a profits of around 250k per year. If they gave up on the 1st attempt, number 4 wouldn't exist.
hm.. It's really true.. I even didn't think about it... really good comparison, for some traders it can be even inspiring) Good luck to your friend!)
Quoting mofuniverse
Hidden
Never giving up if you still willing to earn some money from forex trading.
Quoting pipartisan
This tread was born from a discusion with my wife... she says every minute spent on forex trading is a minute lost, as nobody could never really earn anything from trading. Just temporary profit, but nothing sure in medium-long period. So..is there anyone available to share his trading experience, by this pojnt of view? Quantify real money invested and real profit..say per month? Could anyone say tjat, beetween profit and loss, at the end of a period you have real earning, as you work at office? That's a kind of poll and not know if this is correct...


I've been reading full time for the past year
The hardest part is becoming consistent and being on for example factory and listening to so many lost souls is not the way... #VKU
I thing that the one who have ample amount of patience and proper knowledge regarding the Forex, can be successful and make money through it.
The real money go to people with real money. That's the cynical truth to it. Occasionally they use shady means to acquire them too. Take State Street Bank, for example, Recently they shelled $530 million in order to settle several lawsuits alleging it was overcharging its clients by secretly adding mark-ups on their forex transactions. And that's peanuts to a company that has $27 trillion in assets. State Street is hardly the first financial services provider accused of cheating clients by either manipulating the forex spot market or overcharging them. Last year five major global banks Citigroup, JPMorgan Chase, Barclays Plc, UBS and Royal Bank of Scotland, were fined almost $6 billion for misconduct and manipulations back in 2013.
You can't deny there is risk on Forex trading. It is really difficult to earn a stable profit. If you are looking for a monthly payment, I would rather recommend becoming a manager(IB) of a broker. I don't know if there are any other brokers like this, but I know that Global-Forex offers a monthly payment system for their managers. One of my friends from Singapore became a manager of Global-Forex and she gets monthly support fund. She's pretty satisfied for the fact that she has a stable earning aside from Forex trading.
on picture says 1000words...
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just do it
Quoting thodie
on picture says 1000words... {image}
So , Because Banks doesn't share their profit in public it mean they don't make money. Funny.
Money moves the market, not an indicator.
Quoting andoseg2
{quote} So , Because Banks doesn't share their profit in public it mean they don't make money. Funny.
interesting logic, Banks show their quarterly results...
furthermore i cannot see how my posting was related to "Banks"
just do it
I think that out of every new twenty traders, there is perhaps only one who can really earn something from trading forex. Others are mostly just repeating the same cycle - open deposit, big hopes, trading with high lot, pray for safety, eventually get margin call...and then repeat.
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