Does anyone make money in Forex Trading?

[TheSundanceKid]

Wow someone actually makes a profit with 4XME? I've never actually used the software but had the general impression that it was useless comments on this forum.
Your take it your friend must have good MM skills. I guess as long as you know how to hle risk you can make any system profitable to some degree. I think it also helps that she trades during the best time of the day too.

Good Trading

Sundance

[gregh285]

newbies
some very good comments there to take on board. I am now making money consistently using a system i have developed to suit myself i feel this is the best path for someone to take. It has taken me the best part of 3 years to be CONSISTENT week in week out trading for a living. I have made profits along the way but have also counted losses. I will have been a member on here 3 years in Feb it seems like a week so do not get disheartned over the learning process it is a extremly difficult business to master.

My best advise to take a system that works suits your trading style there are proven strategies on the boards the best i have seen the easiest worked for the beginner are:
SIBKIS system 1713 formula they are both profitable. Signal providers like FXmaster are fine but it more advisable to trade on your own "to put yourself in the pool by yourself" to see how you react to various market situations.
Try not to flip strategies or you end up chasing your tail for the holy grail (like the poetry). Tend to stick with 1 or 2 systems treat them religiously.

Watch for expensive "make a million" black boxes get yourself used to good charting like meta or ESig these are invaluable tools. U will hear this a zillion times but money management is key to success in this business do not chase bets overtrade or let your discipline fail u youll be OK.

[bratzdoll]

Sundance -
Actually I know a number of people who are profitable using 4XME in my local traders group. It is a little bit different way of analyzing trades than tech analysis but trading principals of money management discipline/consistent application of the rules cut losses let winners run watch for chart patterns etc. are all like any other charting software. Trading is trading - only the analysis method differs.

[leonardb]

My answer was kind of vague i appologize ..

What i meant was with the proper strategy system study discipline living up to JUST the risk tolerance you promised to yourself nothing more; i think anyone can..

Making a living? yes i could never see myself doing it yet but with my recent experience learning more more on every next trade .. i think it takes time to just develop a strategy that will almost have me trade almost mechanically. Because you will know the key elements to place a trade exit a trade completely sit out.

I think someone else said this. After some time knowing "what it takes to trade effectively" this will become like breathing or mechanical.. no need for indicators .. those who dont develope what it takes or atleast a lead will always struggle because every time they press that mouse button to open a trade they dont know the expectency of the trade thats bad.

This is what i am working to develope as of right now in my demo trading its important i think even before asking how much i am putting at stake before trading; expectency

With these elements you can stay clear of many or minimal losses.

If your the type though to always find yourself making the same mistakes over over again in life .. you may bring the same habits over into trading.. i think ive read a few posts of individuals going on their 4th 5th deposit in an attempt to "find the right system to trading" .. thats pathetic..sorry

Good luck ..

do i have the right idea?

Please underst that im new to trading myself learning all the time about this but im a quick learner even quicker adapter to an enviroment. i can make reversals when i dont see my own trend not working i can take the loss change up ..

[gibsonmh]

leonardb thanks very much for your input for all the others who have taken the time to respond.

It seems like there is some hope to be found. I guess I was convinced it should be easier that I've found it to be. ( Yes I do know nothing in life is easy ). I let myself get led astray by the 4XME presentation I went to.....

Thanks for the tips on money management also. I've decided to switch to trading a mini-account develop my risk tollerance my strategies more.

Thanks again!

[Croesus]

Originally posted by pipLick
If you are looking for forex direction with 70% certainty I have found the http://www.ForexTradingOracle.com to be the best. even better it's Free.

Ehi pipLick first post first advertising yet?
Too much premature!

[stoneroses]

gibson

dont give up. there is a real chance to make money. you have to be disciplined dont rush into a trade

hope you are doing okay.

[rob]

Originally posted by Croesus

Ehi pipLick first post first advertising yet?
Too much premature!

not only that you should wait till you have a profitable month
January Total pips: Minus 597