Making money in forex trading

[JoBlow]

My advice is go for the longer term trades. More money to risk but waay more stable. Save up to make a first live trade on a Daily chart, making sure you don't set a stop that is more than yuo can afford to lose. Oh, and def paper trade first.

 

[SEOzack]

I think more traders make money from signing people up to affiliate trade platforms than they do by trading.

 

[YujinTan]

I think more traders make money from signing people up to affiliate trade platforms than they do by trading.

well, that is true. They want to cover up their losses or add more funds to their account to trade.

 

[BassTrackerBoats]

Hi, yes, my business partner goes by the name of "samad97". How did you know though? Do you know hi

Tell your "partner" to stop promoting here!

You will both be banned.

 

[blackh4t]

With 500 is going take long to make real profit nd also risk to loose higher.
Bring more budget and not only put one currency in basket )

 

[BableFx]

Tell your "partner" to stop promoting here!

You will both be banned.

Ok no problem wasnt trying to scam people or anything were actually very genuine people so my apologies for this, Do you have a section we can write about our success?

 

[cindyrose888]

I trade, here is what i can tell you, paper trade before you use your real money, once you get to a level of 60% wins vs 40% losses, you are good to go.

Demo Trade

Most of the time = Does NOT work on REAL TRADING.

Forex = Is almost like Gambling. Some might not agree with me, but there is NO holy grail system nor indicators. Or else.......we wouldn't be coming to BHW

 

[Kingking12a]

it's a jackpot to win millions from 500$ ,
But if you are interested , i trade ,
i can copy paste trade , only with % ..
Interested pm

 

[BableFx]

Demo Trade

Most of the time = Does NOT work on REAL TRADING.

Forex = Is almost like Gambling. Some might not agree with me, but there is NO holy grail system nor indicators. Or else.......we wouldn't be coming to BHW

yeah the reason for this is that when its your own money you have a whole different thinking of things you even watch it like an hawk, When its demo you dont care as its not real although demo accounts trades the same your mind works differently on the real market

 

[SEOzack]

Ok no problem wasnt trying to scam people or anything were actually very genuine people so my apologies for this, Do you have a section we can write about our success?

Start a journal. However, if you try to advertise through it you will be banned. The MODs here are from stupid. They have been around the game for many, many years.

 

[BableFx]

Start a journal. However, if you try to advertise through it you will be banned. The MODs here are from stupid. They have been around the game for many, many years.

Thanks for the advice pal will get right on it.

 

[Jim433]

I will keep demo trading and trying different strategies until i find something i like and works consistently. I just want to do something from home, and i believe as my account grows i will be able to make bigger trades and make more $$$ slowly. I'm in no rush and i have all the time of the world to learn and experiment.

 

[bumont]

Forex is a complete waste of time. 90%+ of retail traders lose. Out of that 10%, only the top tier traders actually make a significant profit. 20% per year on a retail account is considered very good. Institutions love retail traders because they always take predictable positions and allow for more liquidity when they decide to pump/dump. Don't fall into the trap of forex, it was a huge Instagram scam in 2018-19 which has luckily been clamped down on. Invest your time and money into SEO, IM, PPC, certifications etc

 

[Thestealthgawd]

Forex is profitiable and you can start with $500 dont listen to people that say you cant start with this although to make yourself rich over night from this would be almost impossible unless you can predict the future, Ive been trading forex for a number of years now and ventured into the Expert Advisor side of things about 18 months ago i now have an EA (developed in house) that does very well considering the markets last week due to corona was all over where most EAs failed mine did not i made a ROI of 4.8% with a pretty low drawdown so anything is possible.

Learn Price action its king in this game theres so much to take into account also news plays a big and vital role more so on different timeframes look on youtube for how the markets work start with lets say support and resistance that will give you a pretty good foundation to work from i hope you found my information beneficial if you want to ask anything else just ask i will try and help where i can.

Yup been using an EA for close to 2 years now. Definitely the future of trading.

 

[kinglion]

I tried forex but i didn't like it.
I like to trade with currency-, commoditiy- and index futures.

Bare in mind, future trading requires shit ton of cash for margin.

I had my own Volume Strategy with a trading tool. I never used indicators or shit like MetaTrader.

With Forex you don't have real volume since every broker or bank has it own volume.

First step is: don't trade if you don't have to.

I have seen alot of people who wanted to open a trade because of fomo. Dude just chill. There is an opurtunity the day after you don't have to open trades.

1 successful trade in a week is better than 10 fuked up trades per day.


That it

 

[kweiss]

Yup been using an EA for close to 2 years now. Definitely the future of trading.

I have been trading for 8 years now. But I have been doing things manually and very often I find myself getting caught in emotions when holding a trade.

What does your EA measure or when does it take a trade?

 

[Thestealthgawd]

I have been trading for 8 years now. But I have been doing things manually and very often I find myself getting caught in emotions when holding a trade.

What does your EA measure or when does it take a trade?

Not sure what it measures but I can ask the developers.

 

[Bhaarti]

$500 is way too low for forex.. don't let anyone fool you! read on blackhatworld

please don't misguide people. $500 is decent money to get you started.

 

[kweiss]

Not sure what it measures but I can ask the developers.

Is it MA based or something else?

 

[Jim433]

Hello everyone, i've tried a strategy today which found on youtube and i've made 116EUR on a demo account. I will keep trying this strategy until the market closes to see if it is consistent.
I believe the losses i had today were my fault and that i can improve the win/loss ratio.