Is Forex Profitable?

[blurinvestor]

go for 50k to 100k profit

maybe

price moves to and fro, I just followed its rhythm.

 

[blurinvestor]

more salted fish for dinner

 

[blurinvestor]

still running, might take some profit

 

[blurinvestor]

done with my eurjpy

super long weekend for a fishing trip.

 

[blurinvestor]

Money moves stock market, no money no stock market. Hence I think knowing how money moves up and down might make me make more than to hack a stock for a 30% returns . The returns of forex should be better than stock, i think so -

I start learning about forex via babypips.

Some of the news that help me -
http://www.forexlive.com/
I only follow these 2 guys - Adam Button and Eamonn Sheridan

and this lady - Kathy Lien

http://www.investing.com/members/51840/opinion

 

[blurinvestor]

still running

up or down just followed

 

[blurinvestor]

closed this trade, not holding over the weekend

 

[blurinvestor]

Please follow my standard?

stop loss - negative 500pips or $5.00
target, unless I have a crystal ball how else do I know where the price want to move to. Care to teach me where to put my target

as for eurusd, too expensive to short from your current price, will join you when price moves to blue area

 

[HerbalTeaSeller]

EURUSD Trade:

Current:1.12436
Stop: 1.13622
Target:1.11015
Probability Shorting: 66%

Blurinvestor, see that? You win or lose?
Clear cut! No confuse, no nonsense!

Please follow my standard? Ok? Blurinvestor? I fcs is not first day in hwz, I got track records, ask the mod!


Sent from SGX Derivative Trading Division using GAGT

Why mod always ban you?

 

[JedCapsInc]

What is this sia ? Mind enlighten me ?

 

[Rotikia]

Interesting thread , 500 dollars , personally the capital is too less. As normally the each trade risk is prefer at >=2%

 

[blurinvestor]

What is this sia ? Mind enlighten me ?

this is dashboard, it gives an overview of the strength and weakness of the currencies. Hence, help you to focus. I don't use it.

 

[blurinvestor]

Interesting thread , 500 dollars , personally the capital is too less. As normally the each trade risk is prefer at >=2%

Yes money management is very important.

For this thread I prefer to focus on the pips and to show that forex can be profitable if we take time to learn.

All kind of investment has risk, I have to learn how to negate it.

This week BOJ and FOMC provide an opportunity to observe how price moves in respond to the outcomes of the meetings.

 

[Rotikia]

Ya forex can make money but gradually , for instance if you can make 10-20 percent annually with consistency you are already success . Again annually , hence for your case if after one year your account left 550-600 you have already consider 'well done' .

This is my 5 cts opinion .

 

[blurinvestor]

another 100 pips

 

[JedCapsInc]

Any guide out there to teach how to read this? I understand the time frame but what the no. Inside

this is dashboard, it gives an overview of the strength and weakness of the currencies. Hence, help you to focus. I don't use it.

 

[blurinvestor]

Any guide out there to teach how to read this? I understand the time frame but what the no. Inside

Dashboard Trading

 

[blurinvestor]

Three reasons to expect a hawkish FOMC

Next Week Will Be Challenging

read their opinions and observe price movement from now to FOMC.
EURUSD - where is price now; where is it moving to before FOMC; during the FOMC meeting how price reacts in the first 5 to 15 mins; after half an hour of the meeting where is price moving to.

Examine the statements from the FOMC and see why price responded that way.

 

[blurinvestor]

Target? there are people who set target based on Fibonacci or wave.
I use trailing stop. I do expect USDSGD to moves to the range of 1.36X to 1.37X. It is just expectation as these few days it range at 1.35X.

Can closed at 1000pips or let it run with trialing stop. Never be greedy else market will most happy to take back 500pips. As good as a family holiday to Whistler.

Sometimes price will just ranged for days especially near FOMC or other major news. Just observed how price moves in the last few mins before FOMC and half an hour after FOMC.

 

[blurinvestor]

closed this trade. Look at the left side of the chart there are 2 candles that have the price of 124.723.

Will price continue to drop? Maybe, but that is enough for me now based on what I see on the chart.