Is Forex Profitable?

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itsmee

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i started 1 mth ago with $500, then it became $1000, then i added another $500 capital, now become $3300. tonite i lose $300+ due to GBP/USD rally. too greedy. im on x50 leverage. hahahss
 

blurinvestor

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$5000!!! That's exactly how much I started this new account 5 months ago!! But now is $3500. :'(

May, I humbly suggest that you go back to demo account first.

I believe you know this - BUY when over sold, SELL when overbought.
May I suggest that you open a Daily chart and try this SELL when over sold, BUY when overbought

Or you can test both methods for 6 months demo and see the result yourself.

WJEqtQJ.jpg


The above chart prove that BUY when over sold, SELL when overbought look more juicy.

BUT try 6 months demo on the daily chart then tell me your result.
 

blurinvestor

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$5000!!! That's exactly how much I started this new account 5 months ago!! But now is $3500. :'(

You might have learn about MA crosses - example MA15 crosses above MA50 BUY; if MA15 crosses below MA50 SELL (or whatever MA settings used).

BUT may I humbly suggest that you try this for demo -

7UC4P5A.jpg


This for scalping.
When all MA of a currency cross above - BUY as a basket.
When all MA are not in tune, don't buy just the one that is up and sell the one that crosses down. JUST DON'T trade that currency.

Above example is buy EUR, don't trade USD.

Demo for 6 months, don't go live.

You need to be very confident of what you do when you take the trade.

Never ever take a tips from anyone; never ever challenge other to prove that you are right.

These 2 methods still work for me.

Wish you have a happy and successful demo.

Will be away for a while to places that might not have internet.

All the best.
 

blurinvestor

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That is how I enter this trade -

Identify place of interest.
Let price move up.
Place sell limit and stop loss.
Wait for price to come to me.
I don't chase price neither do I have the skill to catch the top and bottom.
Neither, do I have the expertly to whack price without blinking my eye.

Yes, price might not come down and go straight up.
But a SELL is my bias based on some FA and TA.

xa8UkSh.jpg


I have given enough info here about how I take a trade.
I am not posting yesterday I buy here, I sell there, heng ah got cai png money.

Yes, own self talk own self song cos I am blur. :s13:

BUT better talking rubbish to one another. :s22:

Trade safe, won't be posting for a long while.

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Closed my book, taking a break to smell the roses.
 

blurinvestor

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M3MeBJD.jpg


same games just wait patiently, and always ask how much i want to give market not how much you can win.
 

blurinvestor

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I guess rider have the very fun of learning how to accurately predict the market - just throw some random number USDJPY - 104 by end of week, EURUSD will hit 1.220. IF either one hit target them tell the world your prediction got power. If no target hit just buried them. :s13:

Well, up your level by trading USDIRR; USDIQD; USDHNL; just to name a few; as your so called BASKET. :s13:

Have the very fun to ride on to street 83. :s13:
 

blurinvestor

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7UC4P5A.jpg


This for scalping.
When all MA of a currency cross above - BUY as a basket.
When all MA are not in tune, don't buy just the one that is up and sell the one that crosses down. JUST DON'T trade that currency.

Above example is buy EUR, don't trade USD.

yNInInZ.jpg


Same nothing change in forex, just draw a box when there is a accumulation in lower time frame (M15), then set your buy limit and sell limit, place your STOP LOSS and wait for market to play out.

o ya STOP LOSS :s13:
 

blurinvestor

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MR C, thanks for dropping by, looking for live trade? What software are you talking about? It just showed your ignorance. O YES big boy dare not - let see

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don't smoke all the way, please. :s13:

btw thanks for advertising for me. :s13:
 

occifer

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I avoid forex because there are so few active counters and banks will sometimes make the news that they get fined for trying to manipulate the forex market. Banks will pay a fine and admit no wrongdoing and keep trying it.

However, has it been profitable for the people here?
 

blurinvestor

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MUy6Noq.jpg


have the very fun to look at my SOFTWARE :s13:

I have more respect for forexsexpert and uncle168 than those cronies :s13:
 

blurinvestor

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I guess rider have the very fun of learning how to accurately predict the market - just throw some random number USDJPY - 104 by end of week, EURUSD will hit 1.220. IF either one hit target them tell the world your prediction got power. If no target hit just buried them. :s13:

Well, up your level by trading USDIRR; USDIQD; USDHNL; just to name a few; as your so called BASKET. :s13:

Have the very fun to ride on to street 83. :s13:

USDJPY - 104 by end of week
my prediction zhung right, power or not :s13:
snakeoil prediction :s22:
 
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