Is Forex Profitable?

[blurinvestor]

get the idea. Wishing those who put some effort to learn will see the light.
Yes, I went through the video recording numerous times before I realized the power of naked chart - that is looking to the left.
Bye.

 

[Perisher]

get the idea. Wishing those who put some effort to learn will see the light.
Yes, I went through the video recording numerous times before I realized the power of naked chart - that is looking to the left.
Bye.

Why you post bye? Don't go leh, I'm silent observer.

 

[Optionstrader]

Do u use fibonnaci?

Sent from Xiaomi HM NOTE 1W using GAGT

 

[casual]

high profit = high risk, thanks to margin account

 

[JedCapsInc]

Thanks, bookmark alr

Dashboard Trading

 

[curse154]

Why trade USDSGD the spread is huge!

 

[blurinvestor]

Do u use fibonnaci?

Sent from Xiaomi HM NOTE 1W using GAGT

No

Why trade USDSGD the spread is huge!

I'm not bother by the spread - if you can map and expect the price movement which is 1.33x - 1.37x.

 

[blurinvestor]

not posting much becos price movement is repetitive, overitme it becomes boring to see but of course it is not boring to look at the pips gained.

holding position and patiently wait to hit target is at time not good for the heart

a combined 500pips might at time make me close them and go for a fishing trip.

 

[zacattack]

not posting much becos price movement is repetitive, overitme it becomes boring to see but of course it is not boring to look at the pips gained.

holding position and patiently wait to hit target is at time not good for the heart

a combined 500pips might at time make me close them and go for a fishing trip.

Shifu what platform you using?

Sent from Huawei NEXUS 6P using GAGT

 

[lchunl001]

can i check which is the broker recommended for forex trading? any comments on cmc vs oanda?

 

[JedCapsInc]

Hey u are back ! What u think about usd/sgd. Seems like it reach the resistance, will it break over 1.373?
I using Cmc, never use oanda before

 

[blurinvestor]

Hey u are back ! What u think about usd/sgd. Seems like it reach the resistance, will it break over 1.373?
I using Cmc, never use oanda before

I think you got the answer already. Will give 1.38x a miss, else you tight stop.

I don't short this pair hence will wait for a cheaper price to long again. This is how I trade this pair and might not suit your way of trading.

 

[blurinvestor]

Shifu what platform you using?

Sent from Huawei NEXUS 6P using GAGT

I'm still learning. I prefer MT4. As for brokers I used a fews.

 

[zacattack]

I'm still learning. I prefer MT4. As for brokers I used a fews.

Which broker are you using? I'm currently only oanda. Is cmc or ig better?

Sent from Huawei NEXUS 6P using GAGT

 

[rayzzzz82]

Dont understand why you want to post your profitable trade without explaining your logic.

Anyone can just post the profitable trade while the losing one stay hidden. Who know if its a demo account or a real account?

If you really want to show your profitable account. Tag it to myfxbook or fxstat so that anyone can see if its a "profitable" one.

not posting much becos price movement is repetitive, overitme it becomes boring to see but of course it is not boring to look at the pips gained.

holding position and patiently wait to hit target is at time not good for the heart

a combined 500pips might at time make me close them and go for a fishing trip.

 

[blurinvestor]

If follow logic I would have short YEN when they go with negative rate but market doesn't follow logic.

I follow commonsense for example there will be news out from China this weekend hence I don't touch AUD pairs. But will be watching 0.724X.
Whether I short or long when price hits that area is your guess.

Only babies believe a trader win every single trade. My stop loss is insignificant at most 50pips.

btw I'm still learning, it is better for you to follow those in myfxbook or fxstat.

or follow this guy -

 

[blurinvestor]

Which broker are you using? I'm currently only oanda. Is cmc or ig better?

Sent from Huawei NEXUS 6P using GAGT

i really don't compare brokers, I even use Kim Eng.

 

[Azalea]

It's definitely profitable if you have the right tools.. My friend recently showed me his record. It's a live account.

wwwdotmyfxbookdotcom/members/therobot

Don't have enough post counts ..

 

[rayzzzz82]

Are you trying to show us your trading journal?

If you are still learning, what is the rationale to show us your winning trades? Everyone can do that. So what is your trading rules and risk management? How you set your entry and exit?

Trading forex is not as simple as just showing your floating profit. To me, it just plain showing off and no learning value.

Again, what is the point of showing a screenshot? Anyone can simply photoshop and again there is no added value. What can one tell other than he has deposited million and still have million left? Are you learning from him, if yes then what is his trade history?

Trading forex is not as simple as just posting snapshot of winning trade. anyone who trade long enough will tell u it more about managing your trading rules and risk. Hardly anyone survive by trading with no rules or logic (hear of martingale?) Or not managing their risk (hear of grid)

Of course, choosing a good broker play a difference. Anyone who dabble in forex will tell u that choosing one with small spread and slippage will have an advantage in the long run.

If follow logic I would have short YEN when they go with negative rate but market doesn't follow logic.

I follow commonsense for example there will be news out from China this weekend hence I don't touch AUD pairs. But will be watching 0.724X.
Whether I short or long when price hits that area is your guess.

Only babies believe a trader win every single trade. My stop loss is insignificant at most 50pips.

btw I'm still learning, it is better for you to follow those in myfxbook or fxstat.

or follow this guy -

 

[blurinvestor]

I am not a philosopher that requires to think so hard and deep at the end whatever they philosophized confuse the world even more with their logic and rationale.

Did I not post in certain thread last year that Santa Claus is giving free oil till $26. Also forgotten which thread did I map oil price to $47.

Yes, I missed STI 2500 in February it bottomed at 2550.

better spend some time mapping AUD.