Forex is profitable ?
Menjadi Anggota Sejak Aug 11, 2017
870 postingan
Oct 18, 2018 at 13:44
For being a news trader, volatile market is my favorite; but till now I use FOMC and announcement type news events! On the other hand, trendy market is always favorite I don’t count the volatility on my current trades.
Menjadi Anggota Sejak Sep 03, 2018
20 postingan
Oct 21, 2018 at 07:11
Sevinj posted:
babypips is so good for newbie. everything is so simply explained. I am not sure if it can really give you everything to be profitable but is a great start
Babypips is undoubtedly great, but it's only for beginner. Once you finished your graduate, it won't make you have a profitable strategy. I'd say that graduated in pipsology is the beginning of trading life. You'll have to learn continually to make a consistent profitable.
Menjadi Anggota Sejak Oct 09, 2017
21 postingan
Oct 25, 2018 at 06:07
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.
Menjadi Anggota Sejak Aug 05, 2017
289 postingan
Oct 25, 2018 at 14:18
estraub posted:
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.
Wise Words.
Menjadi Anggota Sejak Feb 22, 2011
4573 postingan
Oct 26, 2018 at 08:59
estraub posted:
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.
Trading is actually an exact science
Just compare so called tick data backtesting on mt4 and mt5 and you will see the difference
Menjadi Anggota Sejak Oct 11, 2018
3 postingan
Oct 26, 2018 at 09:17
TeraPips posted:Sevinj posted:
babypips is so good for newbie. everything is so simply explained. I am not sure if it can really give you everything to be profitable but is a great start
Babypips is undoubtedly great, but it's only for beginner. Once you finished your graduate, it won't make you have a profitable strategy. I'd say that graduated in pipsology is the beginning of trading life. You'll have to learn continually to make a consistent profitable.
its true..
Stay Hungry, Stay Foolish. -Steve Job
Menjadi Anggota Sejak Oct 11, 2018
3 postingan
Oct 26, 2018 at 09:18
estraub posted:
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.
can't agree more...😎
Stay Hungry, Stay Foolish. -Steve Job
Menjadi Anggota Sejak Oct 26, 2018
10 postingan
Oct 28, 2018 at 07:40
You can get a good foundation for free from babypips. Without a winning strategy you have nothing. Strategy is everything in Forex. I wouldn't pay $1 for anything that doesn't provide a winning strategy
Menjadi Anggota Sejak Jan 25, 2010
1288 postingan
Oct 28, 2018 at 08:52
togr posted:
Trading is actually an exact science
Just compare so called tick data backtesting on mt4 and mt5 and you will see the difference
Trading is NOT an exact science. Please read this:
https://optimusfutures.com/tradeblog/archives/3-tips-to-trading-unpredictable-markets/
Happy trading! 😎
Menjadi Anggota Sejak Jan 25, 2010
1288 postingan
Oct 28, 2018 at 09:41
You might also like to read this too:
https://dailypriceaction.com/articles/is-forex-trading-gambling
But forex can be a profitable venture if you "get lucky"! 😎
https://dailypriceaction.com/articles/is-forex-trading-gambling
But forex can be a profitable venture if you "get lucky"! 😎
Menjadi Anggota Sejak Jan 25, 2010
1288 postingan
Oct 28, 2018 at 09:42
Here's another gem:
https://optimusfutures.com/tradeblog/archives/how-to-look-past-your-trading-biases/
Worthwhile reading. Enjoy!
https://optimusfutures.com/tradeblog/archives/how-to-look-past-your-trading-biases/
Worthwhile reading. Enjoy!
Menjadi Anggota Sejak Apr 18, 2017
700 postingan
Oct 28, 2018 at 09:43
TeraPips posted:Sevinj posted:
babypips is so good for newbie. everything is so simply explained. I am not sure if it can really give you everything to be profitable but is a great start
Babypips is undoubtedly great, but it's only for beginner. Once you finished your graduate, it won't make you have a profitable strategy. I'd say that graduated in pipsology is the beginning of trading life. You'll have to learn continually to make a consistent profitable.
Exactly, it is! Only BabyPips School is not enough here! But no doubt, for the beginners it’s really useful to start with.
forex_trader_538373
Menjadi Anggota Sejak Jul 07, 2018
68 postingan
Oct 28, 2018 at 14:55
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.
Menjadi Anggota Sejak Aug 05, 2017
289 postingan
Oct 28, 2018 at 19:18
Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.
Every trader should be wary of news. First thing I do each day is to check the news.
Menjadi Anggota Sejak Apr 18, 2017
700 postingan
Oct 29, 2018 at 08:10
jamesgwyther posted:Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.
Every trader should be wary of news. First thing I do each day is to check the news.
Well, no doubt news trading is challenging but not unplayable! Till now there have so many successful news trader in the market!
Menjadi Anggota Sejak Aug 05, 2017
289 postingan
Oct 29, 2018 at 08:12
AniLorak posted:jamesgwyther posted:Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.
Every trader should be wary of news. First thing I do each day is to check the news.
Well, no doubt news trading is challenging but not unplayable! Till now there have so many successful news trader in the market!
Yes I agree some people can.
I mean, if you are doing normal trading, make sure you always keep an eye on the news.
Menjadi Anggota Sejak Apr 18, 2017
700 postingan
Nov 25, 2018 at 08:07
jamesgwyther posted:AniLorak posted:jamesgwyther posted:Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.
Every trader should be wary of news. First thing I do each day is to check the news.
Well, no doubt news trading is challenging but not unplayable! Till now there have so many successful news trader in the market!
Yes I agree some people can.
I mean, if you are doing normal trading, make sure you always keep an eye on the news.
Mate, what do you mean by normal trading? Technical analysis or anything else?
Menjadi Anggota Sejak Apr 18, 2017
659 postingan
Nov 27, 2018 at 10:57
No way to avoid news event. Even, your major is trading tools or price action! Till now you to consider the news events.
Menjadi Anggota Sejak Nov 30, 2018
2 postingan
Nov 30, 2018 at 11:08
On my opinion, you should start trade with demo account to understand how it works. If somebody have a good expirience in trading, you could start with a few dollars.
Menjadi Anggota Sejak May 18, 2015
103 postingan
Nov 30, 2018 at 11:29
Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.
So what is your point? The reality is your little 1k investment, can grow to any amount. One needs to only focus on a system and devolping strict rules and never breaking them. Nothing is 100% perfect, but you can come pretty damm close which can result in amazing profits.
My avatar explains "social trading" perfectly.
