Is Forex Profitable?

Status
Not open for further replies.
Knight_Rider

Knight_Rider

Arch-Supremacy Member
Joined
Apr 30, 2003
Messages
11,100
Reaction score
1
blurinvestor said:
Are you serious? wish you luck.
Click to expand...

https://uk.investing.com/currencies/eur-gbp-candlestick

Please don't compare me with the likes of that gambler and his kakis. It's an insult. You wanted to talk about EURGBP and yet you doubt me? Wow I am speechless. There aren't many who can tell me what is on the right of the chart that's why I dare to challenge whoever is a guru. And I tot you should know me better after so long. I hope you have improved if you don't need this discussion. Maybe it's time for me to ask you back you sure or not?
 
Last edited:
E

Eggdrop

Senior Member
Joined
Mar 15, 2013
Messages
897
Reaction score
199
Anyone has a good forex broker for recommendation? Oanda now is charging 6% for top up using Paypal.
 
B

blurinvestor

Senior Member
Joined
Feb 24, 2015
Messages
965
Reaction score
0
Knight_Rider said:
https://uk.investing.com/currencies/eur-gbp-candlestick

Please don't compare me with the likes of that gambler and his kakis. It's an insult. You wanted to talk about EURGBP and yet you doubt me? Wow I am speechless. There aren't many who can tell me what is on the right of the chart that's why I dare to challenge whoever is a guru. And I tot you should know me better after so long. I hope you have improved if you don't need this discussion. Maybe it's time for me to ask you back you sure or not?
Click to expand...

I always respect fellow traders. I'm not doubting you,I'm saying are you serious of holding it during the news.

I too see EURGBP moving up to 0.88XXX - (this I'm very sure) :s13:. EURUSD still has downward pressure next week.
 
B

blurinvestor

Senior Member
Joined
Feb 24, 2015
Messages
965
Reaction score
0
Weekends are good to read news that might have impact on forex. It is a steep learning curve but it's easy once you get the hang of it. Else, like me stay out when there is news.

After reading the news, you need to chart your own road map for pairs that you are interested in. My road map for this week is to look for good entrance to BUY USD from Thursday and hold till Monday.

What if I am wrong? No worries cos I have decided how much I want to give to market for every trade I make. I will not anyhow whack the market and found sitting on unrealized loss. :s13: worst if you need to top up your account to keep it alive. :s22:

Learning forex is free, don't have to pay a single cent for it -

babypips.com

What you need to invest is - TIME. Prepare to spend many hours of screen times. Trial and error with many Demo accounts.
 
Knight_Rider

Knight_Rider

Arch-Supremacy Member
Joined
Apr 30, 2003
Messages
11,100
Reaction score
1
blurinvestor said:
I always respect fellow traders. I'm not doubting you,I'm saying are you serious of holding it during the news.

I too see EURGBP moving up to 0.88XXX - (this I'm very sure) :s13:. EURUSD still has downward pressure next week.
Click to expand...

I used to be very concerned about news when trading in my earlier days. Now I view them as noise. But it is a necessary evil to create volatility to move that many pips to hit that target. Of course it might go the other way for you to buy the dip or other strategy.

For Aussie buying the dip was 2 years ago concept. Now no more positive carry and knowing aussie and kiwi are long trend pair you might want to relook into your positions.
 
Knight_Rider

Knight_Rider

Arch-Supremacy Member
Joined
Apr 30, 2003
Messages
11,100
Reaction score
1
blurinvestor said:
Weekends are good to read news that might have impact on forex. It is a steep learning curve but it's easy once you get the hang of it. Else, like me stay out when there is news.

After reading the news, you need to chart your own road map for pairs that you are interested in. My road map for this week is to look for good entrance to BUY USD from Thursday and hold till Monday.

What if I am wrong? No worries cos I have decided how much I want to give to market for every trade I make. I will not anyhow whack the market and found sitting on unrealized loss. :s13: worst if you need to top up your account to keep it alive. :s22:

Learning forex is free, don't have to pay a single cent for it -

babypips.com

What you need to invest is - TIME. Prepare to spend many hours of screen times. Trial and error with many Demo accounts.
Click to expand...

Weekend is spent looking at the all charts one more time to see possible set up for the coming days. Monday is observation day because market might go the opposite way.

My motto is Never take a loss. Something I learn from my mentor. A strategy I learn from unlocking accounts that were mess up by bots. Yup no SL in my trading. No is not what you thinking of no Stop Loss trading. Is more of inserting hedge to balance the margin and unwinding the wrong trades. What you need is practice.
 
B

blurinvestor

Senior Member
Joined
Feb 24, 2015
Messages
965
Reaction score
0
Knight_Rider said:
For Aussie buying the dip was 2 years ago concept. Now no more positive carry and knowing aussie and kiwi are long trend pair you might want to relook into your positions.
Click to expand...

no position yet, as I indicated earlier till Trump and Xi met.
I could be wrong - I see 0.735XX.
 
Status
Not open for further replies.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top