Discussion in 'For novice traders' started by Volkov Yuriy, Aug 24, 2017.
I would like to know who has already earned? And how much?
Sometimes I get profit, sometimes I get loss. Forex is known for its huge risk, although I already confident with our indicators, but I still lose, we must be aware to the sudden movement of the market. I think I need Forex education, so I know how to trade in a good way, because Forex is talk about probability.
Frankly speaking, I am not sure because I don’t keep track of these things. I have been trading since last 8 years, and it’s only monthly time when I look over my performance and results. I never feel comfortable keeping point to point details of earning.
However, I do keep idea of my mistakes and all those things, as I know that’s the part you need to keep tip top, it’s irrelevant whether you keep exact earning details or not.
I have earned profit in forex trading but I still learning to consistence due to profit which I got isn't constant and I thought that I have to more learn about forex analysis to sharpen my skill of. I hope I can do it better and get profit as much as possible.
I don’t know the exact figure, as I don’t keep complete report about it. I just try to make as much profits as I can and not worry about calculation, as that can be done later if required. But I do make decent profits which I am happy about.
a lot of that I get from this forex trading, besides science and experience certainly also very abundant money, for example for the cost of getting married I got from forex trading results not the little things that others.
Personally, I haven't earned much from trading, but keeping a constant profits that I can withdraw from my account is the progress that I'm making right now. I can say that 10% or more per week would be a good target since we can't control our greed if we're not making a weekly target...
Is it wise to mention our exact earning, though? Well, I am not making big but because i don't target myself to earn big. I use forex as my additional source of income. But it has been more than i expected.
Now it's good to know that I can live only from forex trading, now it's become my passive income. It is amazing, Forex is hard at the beginning, but if you know what to do, it is simple, not always get some profit, but at the end of the month, it will be profit.
it's your only source of income? wow, that's brave. even though i'm earning enough from forex, perhaps more that what i can make through jobs, i do not make it my sole income. because market is too dynamic. you never know.
For now, yes it is, and I agree with you, don't use Forex as your main income, we always have a backup plan because we never know what will happen next.
that's right. always have a backup, contingency plan. forex is good, but unstable.
Hopefully you will find your other source (or sourcesss) of income!
It's far much better to consider this business as the additional source of income rather than trying to make it a primary source of income...
agreed. as i said before, the market is too dynamic. we might think we know what's gonna happen, but we really know what's gonna happen in the bigger picture.
I earn 10-25% a month (my capital is $ 1000), depending on the market ... I use analysis + algorithms ... that's what helps me to keep profit even though not much. My personal opinion, analysis will never be enough. There must be an algorithm to overcome the wrong analysis ...
yes, true. analysis will never be enough. it does help us a lot. but it won't guarantee anything. it's almost like a prediction or some sort. educated guess, if you will. this algorithm sets one trader apart from another.
With the leverage system provided by the broker, all trader can reap huge profits even though the capital spent is not much. But the question is, how much money can you make in one month? The answer can vary depending on the strategy used.
It's the reason where the retail traders can enter the market. People with $500, $300, $100 or even less can learn on how to trade the market...
yes and it all depends on the trader. if trader A and B both use XXX USD, doesn't mean they both will end up with X USD profit. it all depends unless they both use the exact same strategy and open order, of course.
I remember there were same pattern of price on EURUSD and EURJPY. You may check my thread about the technical analysis of both pairs.
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