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Can forex trading make you rich ? trong Thông tin chung Nov 15, 2018 at 07:28

No. "Knowledge" and "intelligence" is worth more than material wealth like fiat currency or precious metals.Even health and family should be worth more than riches.This thread asks if forex can make you rich. You can be richer in other ways.

Can forex trading make you rich ? trong Thông tin chung Nov 13, 2018 at 07:48

It is "knowledge" and "intelligence". Don't make it sound like something else.

Can forex trading make you rich ? trong Thông tin chung Nov 06, 2018 at 11:33

https://dailypriceaction.com/friday-qna/daily-price-action-trade-signals

Can forex trading make you rich ? trong Thông tin chung Oct 31, 2018 at 12:39

...If time hasn't already proven it!Time has shown that there is no ONE, SINGLE correct method to make money in forex. Different strategies can both work, as evidenced by both your performance and my performance.This fact is quite obvious to everyone else. Do not remain conceited.

Can forex trading make you rich ? trong Thông tin chung Oct 31, 2018 at 12:32

Point of this thread: to answer the universal question 'can forex make you rich?'Showing just a couple of great trades can prove this. It has value to others (perhaps not you).Other traders can PROVE FOR THEMSELF that forex can make them rich: just do take a trade and hold it. Be patient!- Consider Fibonacci and market trend- Consider positive Swaps- Consider fundamentals- Consider long-term S/R levels- Consider possible long-term overbought/oversold levels- Only trade on 4H, Daily, Weekly (Monthly?) charts- HAVE PATIENCE! Hold your trade for a few days if not longer!

Can forex trading make you rich ? trong Thông tin chung Oct 30, 2018 at 09:24

This is how the "big boys" play: "Out of the 241 trades, 16 of them were responsible for ALL of the profit. Most people in this world can't handle it. Yet, it is the only way I have ever seen anyone make money trading. Ever. I was on Wall Street for 23 years. All of the successful fund managers will have long losing streaks, sometimes lasting 6 months to a year. And then... boom! They let their winners run and they wipe out all of their losses. It is how trading works." - Mark Shawzin (thepatterntrader.com)The opposite to long losing streaks and big wins would be: long ...

Can forex trading make you rich ? trong Thông tin chung Oct 30, 2018 at 09:24

Sir, you do not disprove my statement. No account you share has 100% trade win with 0% DD.You do, however, demonstrate another important point for traders to keep in mind:When we experience success as a trader (eg. whether your accounts, or my $4.5M in two months) we must NOT delude ourselves into false thoughts that we can control (predict) the market. No system, no trader, is PERFECT.Again, do not think I am any better than you, or you are any better than I. It would be hilarious if it were not so dangerous a thought. No one is invincible in the market.Be forewarned: Forex can make a person ...

Can forex trading make you rich ? trong Thông tin chung Oct 29, 2018 at 13:44

Looks martingale to me.

Can forex trading make you rich ? trong Thông tin chung Oct 29, 2018 at 13:11

"No one gets out of life alive"Likewise:- NO ONE can predict the market with 100% accuracy: 0% drawdown and 100% trade win rate- NO ONE has been profitable from day one to present: seasoned traders have all experienced losees before becoming successful.Legitimate, professional managed funds and educational institutions always state a disclaimer to this effect:"Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as ...

Can forex trading make you rich ? trong Thông tin chung Oct 29, 2018 at 13:08

"Our approach is completely different": And so it should be: No two humans are exactly the same, no two traders are exactly the same."Time will tell who is right": And what do mean by that? That sounds like arrogance to me, like you are saying "I'm right and you are wrong, just wait and see". You do realise that no one gets out of life alive?

Can forex trading make you rich ? trong Thông tin chung Oct 29, 2018 at 08:43

The more you understand market mechanics (how it works), the better you understand why it is NOT an exact science:What is the market?A market consists of buyers and sellers with a commodity (product) of exchange.Who are the buyers and sellers?Humans (retail traders), algorithms/programs, banks (with humans and computers), governments (monetary intervention), brokers, (more?)What influences the market?Government policies (eg. interest rate decisions), economic data, government stability (leadership), banks, etc.A science experiment is predictable: no matter how many times you conduct the experi...

Can forex trading make you rich ? trong Thông tin chung Oct 29, 2018 at 08:42

When I started trading, I couldn't figure out why trading was so hard. The so-called "experts" would have many different interpretations of charts, and news articles were often vague and ambiguous with many specifics of technical analysis (eg. support/resistance levels, trend lines, etc.) There are so many variables, and every trader has their own tools and interpretations of the market. It is not black and white, clear-cut science which can be followed step-by-step by everyone and everyone can make money doing this.If trading were this easy, if trading were a "science"...

Can forex trading make you rich ? trong Thông tin chung Oct 29, 2018 at 08:12

Do not think I am any better than you, or you are any better than I:- No one can achieve 100% accuracy (totally predict market), or if they do they probably also experience huge DD (that is not predicting the market but HODLing like BitCoin HOLDers do)- Every trader makes mistakes when they begin - it is a necessary part of trading so you can learn and get betterAnyone that portrays themselves as "perfect" are certainly hiding something, whether that be: many losses, lack of hands-on trading experience, or business interests (selling something).Getting rich in forex is NOT EASY!

HAMSTER TURBO trong Hệ thống giao dịch Oct 28, 2018 at 15:19

Very nice results Eleni! Thank you for sharing your performance and I will consider subscribing for sure!Good to see you here as well as MQL5. Thanks for all your hard work on getting the right settings!

Can forex trading make you rich ? trong Thông tin chung Oct 28, 2018 at 15:18

Congratulations sir, but you must qualify your statements:Your CURRENT strategies:a) work well to predict the market - though risk will ALWAYS exist because of uncertainty and this CANNOT be eliminated.b) have been profitable from day one - though you as a trader have taken from 2011 to 2016 to experience success.Perhaps "lying" is too harsh and should read "misleading" or "giving false impressions"?- No one can predict the market 100% guaranteed (though one can become quite accurate at "guessing")- No one is profitable from day one (is possible, but ver...

Can forex trading make you rich ? trong Thông tin chung Oct 28, 2018 at 15:17

Trading is NOT an exact science. Please read this:https://optimusfutures.com/tradeblog/archives/3-tips-to-trading-unpredictable-markets/...and this:https://optimusfutures.com/tradeblog/archives/how-to-look-past-your-trading-biases/...and this:https://dailypriceaction.com/articles/is-forex-trading-gamblingDon't believe ANYONE that claims they are an expert and can read the market and guarantee your returns!Don't be scammed into buying any system, product, course, materials, etc. that promises to make you a professional trader!Save your money for trading, not for products, systems, etc.T...

Can forex trading make you rich ? trong Thông tin chung Oct 28, 2018 at 15:13

I tell you most solemnly, this is the very reason why fully automated EAs never work forever. They follow precise trading rules explicitly and rigidly, meaning they are unable to adapt to market dynamics and fundamentals which often change.I did gamble on many EAs and manual trading on small timeframes, and learnt this lesson the hard way - losing for ten years.It's about time that I stacked the odds in my favor and started trading (gambling) the right way! 😎https://dailypriceaction.com/articles/is-forex-trading-gambling

Can forex trading make you rich ? trong Thông tin chung Oct 28, 2018 at 15:12

PATIENCE: I have been holding these trades for a week waiting for AUD comeback... Watch the higher timeframes and market directions, trendlines, S/R, Fib, etc.I experienced DD close to $800k, and managed to pull some nice profits this week of $400k as market has moved down and retraced.Money makes money. Start small, but you will grow with time and patience.Happy trading!https://www.myfxbook.com/files/BluePanther/Clipboard15.jpg

Forex is profitable ? trong Thông tin chung 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!

Forex is profitable ? trong Thông tin chung Oct 28, 2018 at 09:41

You might also like to read this too:https://dailypriceaction.com/articles/is-forex-trading-gamblingBut forex can be a profitable venture if you "get lucky"! 😎

EURUSD	1.14007	GBPUSD	1.33025	AUDUSD	0.64087
USDJPY	142.044	USDCAD	1.3824	USDCHF	0.82375

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