Please take a few minutes to read our rules before posting: Forex-Station's Rules. Are you following them?
Display posts from previous
Sort by

Re: CAN WE ACTUALLY Making Money in Forex????????

71 by hyperwar
In my opnion its true that we can make consistent and decent amount of money from forex I keep in mind few things
1. trade with at least 10,000$ if you want to make decent bucks per month
2. make risk management your sacred mantra 1:2 is minimum otherwise forget about forex trading
3. dont run for making 50-90 pips per day trade if a trade comes that good its ok but dont run behind pips
4. Know your trading system weather it be identifying money spots on your own in a naked chart or some decent trading system( dont buy any make your own its imp) . the more you know the more you grow. for that you have to work hard real hard but the returns are going to be amazing my friend ..
These users thanked the author hyperwar for the post:
Thangarasu

Re: CAN WE ACTUALLY Making Money in Forex????????

72 by Knight
naluvs01 wrote: Fri Sep 10, 2021 1:57 am Hi Everyone,

I can now answer my question due to me maturing and understanding the Market a little better now. As promised, I would reveal a methodology that has helped me trade more consistently than ever before. In short, the ONLY way to confirm your entry (IMO) is via strength and weakness utilizing currency baskets. For a detailed explanation, please look at my post regarding Bitcoin going down...

If anyone incorporates this strategy, then ALL of your strategies WORK! I've spent 100s of hours with indicators, patterns, news, watching FX youtube vids, trying to determine where price will go. In my opinion, it's all crap! There are instances where the news is great and you buy...you still lose! The news is bad and you sell...you still lose! There is no news...you still lose!
The one thing I have found to be consistent ALWAYS is currency baskets' strength and weakness. I hope this helps anyone who was struggling like me and Happy Trading to all!

Post #71-73 viewtopic.php?f=578265&t=8474351&start=70
Your post is amazing. This feels like some kind of miracle, because searching for a currency strength metre to exploit what you just described actually brought me to this thread. I have a pretty solid algo now with great indicators from this superb community but knowing exactly what to trade has been my major concern. I still have a bit of a challenge understanding how you setup your baskets for this. Is there a way to reach you personally and possibly work together?.

Re: CAN WE ACTUALLY Making Money in Forex????????

73 by gaarmitaar
naluvs01 wrote: Sat Nov 23, 2019 2:06 am But Forex is not that complicated in my opinion.
So you whine because you dont make money , and you are still so blind that you write this.
This is why you fail. It demonstrates the fact that you still didnt put your ego aside and you will get your ass kicked as long as you dont do it.
You want to be right all the time because you are so good , so beautifull , so inteligent and so rich.
Get REKT.

The second reason why you fail is because you didnt backtest your strategy.
Backtest a strategy before testing it live. If its profitable , you are good to go.

I made all these mistakes myself , its hard to get rid of it, but possible.

as soon as you move on past those two things , you will get profitable
sorry for the honest answer

Re: CAN WE ACTUALLY Making Money in Forex????????

74 by saishala
Yes.

Is possible to actually make money with Forex.
But you will have to make Human Sacrifices to Mammom.
Totally Naked at Midnight In front of a Silver Mirror with Sulfur Incense around (or Belladonna) "touching" yourself screaming profanities at the same time you eat Red (Blood color) M&M's. If you don't have it for the moment and just punctually Skittles will work too (the Red blood color) But don't do this constantly or He will be Offended.
Attachments
From the domains of my desk and laptop Full of Porn and Charts I call upon the Spiritual Presence and Power of Richard Wyckoff, Jesse Livermore, George Soros and all the Wise in Volume and Standard Deviation to enlighten and make everyone get off their asses and go to study Market Structure, Liquidity Pools and Volume.

Selah


Post Reply Attachments 28

Return to “New Members & Common Forex Q&A's”

Who is online

Users browsing this forum: No registered users and 5 guests