My Journey to 10K/Month on Forex!

thrall · Dec 8, 2015

Thanks. I know what you mean, because i lost much money and stopped trading several times during these years and until today i still learning for get best results, market not is easy, you can win good money, but you can lose this money in 1 hour for example. So patience and knowledge is the way!

dgusic said:
My bad, I usually get over excited when somebody starts talking FOREX because in 99% of cases it is a scam. You seem to know your stuff, at least from what I read in these two replies. I was not attacking you or anything.

Of course, I can not really tell if you shit us or not, but good luck.

Thenub · Dec 8, 2015

Best of luck to you OP, it would be interesting journey

Not too much knowledge with trading but i used Nadex, and they offer a trial with $25k to maybe learn and test some trades first before doing real trades
I believe that was binary options / forex, but with starting $1k i slowly grew my way up to $2k in about 7 days doing several trades a day

thrall · Dec 8, 2015

Thanks friend! Yes Nadex is binary options.

Thenub said:
Best of luck to you OP, it would be interesting journey

Not too much knowledge with trading but i used Nadex, and they offer a trial with $25k to maybe learn and test some trades first before doing real trades
I believe that was binary options / forex, but with starting $1k i slowly grew my way up to $2k in about 7 days doing several trades a day

samifordnet · Dec 8, 2015

Well I have lost more than $3000 in forex field. And also I have taken many many lessons from many great traders. At the end of the day, everyone tells you that you should work with low risk reward ratio, no matter whatever the strategy is. Most of the cases it's like 2:1 some trade with even 5:1. It's not the strategy that makes you winner, it's the trade management. But here I see you talk about risk ratio and you are not even using any stop loss! Is there any explanation?
I am sure you are not going to say that you monitor your trades live. But with all my experience I can say that's quite impossible. Monitoring trades without manipulating them is very hard, that's how human psychology works! And really only 4 trading examples and you say you are making $10k/month! Can you show your Myfxbook record? How long have you been trading forex? 2-3 months? You really think making $600 in four trades can bring you steady profit over the year?
I can guarantee one thing, that forex is not a field where you can bring profit every month, even if you are Jason Stapleton, that's said by himself, lol.

MagnifiCat · Dec 8, 2015

thrall said:
My friend, im trading one big account (1.00 lot) and this small account (0.03 lot). Yes i have risk/reward, this trades i dont inserted yet, but i have it, i'll show you this week my results with stop levels and take profits. You are kidding with me saying im trading demo account, lol...

Here is my latest withdraw made on Hotforex.

I dont need to proof nothing for you, ill just update this thread with my earnings for motivate more people here.

Lol of course you don't have to prove anything to anybody. Also, the image about the withdrawals isn't working, and honestly I don't even want to see it. I'm just saying that the things you said don't make sense. Perhaps you are successful. Perhaps you do have multiple accounts (I wonder why though????) In that case I'd certainly focus on that. Are you on forexfactory?

To the "non-believers" - making profits on forex is certainly possible if you know what you're doing. Still it's very very difficult and certainly professional investors will spread their profits in different investments over time to spread the risk and try to step away from forex exclusively. Forex is too risky to use as a main-income source.

thrall · Dec 8, 2015

I'm just sorry for you think forex not is possible to make money... Go to tradingview board and say it for all forex traders. Everyone will laugh at you... I have one friend which trade one big account with 600K USD, fundamental trader, on each trade he makes 5-10k USD only trading news.

For you think i dont use money management, here is my latest trade from last week:

Risk/Reward 1:3

Im happy with my forex results, you're just a loser what say forex is "impossible" to make money. Everyone what can't earn any money on that says that.

samifordnet said:
Well I have lost more than $3000 in forex field. And also I have taken many many lessons from many great traders. At the end of the day, everyone tells you that you should work with low risk reward ratio, no matter whatever the strategy is. Most of the cases it's like 2:1 some trade with even 5:1. It's not the strategy that makes you winner, it's the trade management. But here I see you talk about risk ratio and you are not even using any stop loss! Is there any explanation?
I am sure you are not going to say that you monitor your trades live. But with all my experience I can say that's quite impossible. Monitoring trades without manipulating them is very hard, that's how human psychology works! And really only 4 trading examples and you say you are making $10k/month! Can you show your Myfxbook record? How long have you been trading forex? 2-3 months? You really think making $600 in four trades can bring you steady profit over the year?
I can guarantee one thing, that forex is not a field where you can bring profit every month, even if you are Jason Stapleton, that's said by himself, lol.

MagnifiCat · Dec 8, 2015

thrall said:
I'm just sorry for you think forex not is possible to make money... Go to tradingview board and say it for all forex traders. Everyone will laugh at you... I have one friend which trade one big account with 600K USD, fundamental trader, on each trade he makes 5-10k USD only trading news.

Im happy with my forex results, you're just a loser what say forex is "impossible" to make money. Everyone what can't earn any money on that says that.

WTF are you talking about: these are my exact words:

To the "non-believers" - making profits on forex is certainly possible if you know what you're doing. Still it's very very difficult and

Did you even read anything I'm saying? And no need to be sorry for me, I'm active in forex just like you, so I know perfectly well what is and what isn't possible. As I said, big profits ARE possible. A prerequisite is that you know what you're doing. Hats off to you if you know what you're doing and you manage to do this without stoploss, I also haven't seen a single loss. Bravo... still a pretty fishy story, but hey maybe you're the next Soros, who will tell? That's all I'm saying. Now chill out and trade.

PS: a trade explorer like myfxbook would work wonders for your credibility at this stage.

thrall · Dec 8, 2015

I'll focus on my thread now to post only my results and stop to reply stupid comments. For who want help on something related on forex, let me know!

Today soon i will open 2 new orders, just waiting for best entry. I let this topic updated soon.

xvmon · Dec 8, 2015

good luck man. i also new to forex, hopeful low Risk/Reward strategy works.

lelou00 · Dec 8, 2015

Good luck mate! I've trade forex 3 years ago. Lot of $$ burned out because of 'market revenge', wasted on junk indicators/signal provider/ebook sellers, but at the end I finally recovered my lost. I do have question here: Do you stick in front of your PC 24-hours? LOL. And did you trade when there's big news coming? How many trading position (per pair) you opened per day, on average? So, you just use S&R as your main indicator?

thrall · Dec 8, 2015

My friend, i not mentioned you, check again my words, who i quoted..

MagnifiCat said:
WTF are you talking about: these are my exact words:

Did you even read anything I'm saying? And no need to be sorry for me, I'm active in forex just like you, so I know perfectly well what is and what isn't possible. As I said, big profits ARE possible. A prerequisite is that you know what you're doing. Hats off to you if you know what you're doing and you manage to do this without stoploss, I also haven't seen a single loss. Bravo... still a pretty fishy story, but hey maybe you're the next Soros, who will tell? That's all I'm saying. Now chill out and trade.

PS: a trade explorer like myfxbook would work wonders for your credibility at this stage.

thrall · Dec 8, 2015

Thanks friend! Its working very good for me!

xvmon said:
good luck man. i also new to forex, hopeful low Risk/Reward strategy works.

Thanks!!

I dont stay on computer 24 hours per day, because i use H1 timeframe. Everyday i check what news is comming, but i dont trade at NFP, FED and FOMC news. I usually get 1 signal/pair/week.. Sometimes have pair which i dont have... (when it is on sideways movement) I use SR lines combined with fractals.

lelou00 said:
Good luck mate! I've trade forex 3 years ago. Lot of $$ burned out because of 'market revenge', wasted on junk indicators/signal provider/ebook sellers, but at the end I finally recovered my lost. I do have question here: Do you stick in front of your PC 24-hours? LOL. And did you trade when there's big news coming? How many trading position (per pair) you opened per day, on average? So, you just use S&R as your main indicator?

samifordnet · Dec 8, 2015

I don't know what pumped you up so much. I never said trading forex is impossible. I said may be you are trying to be too naive to show us just couple of trade results and trying to prove you are making $10k/month. You should have more stats, at least your Myfxbook profile to show people how your trading years have improved! It's just your words with a tiny screenshot(which is impossible to verify).

thrall said:
I'm just sorry for you think forex not is possible to make money... Go to tradingview board and say it for all forex traders. Everyone will laugh at you... I have one friend which trade one big account with 600K USD, fundamental trader, on each trade he makes 5-10k USD only trading news.

For you think i dont use money management, here is my latest trade from last week:
View attachment 73555

Risk/Reward 1:3

Im happy with my forex results, you're just a loser what say forex is "impossible" to make money. Everyone what can't earn any money on that says that.

wisdomkid · Dec 8, 2015

I have learnt about forex trading since coming into the internet world in 2007 - 2008, and during my PTP days, i had a good knowledge about how to trade but never went far, due to the fact that it was filled with horror stories of people losing huge amount of money, etc.

I might venture into this in 2016. By the way, best wishes.

thrall · Dec 9, 2015

Thanks!

Here is my 3 orders running now, all are profiting.

wisdomkid said:
I have learnt about forex trading since coming into the internet world in 2007 - 2008, and during my PTP days, i had a good knowledge about how to trade but never went far, due to the fact that it was filled with horror stories of people losing huge amount of money, etc.

I might venture into this in 2016. By the way, best wishes.

Krypt · Dec 9, 2015

solokia · Dec 9, 2015

I came here expecting to see system trading and was expecting you to start selling a system or something

well turns out you do your own technical analysis XD All the best.

LeanLow · Dec 9, 2015

Giving you 3 months before you lose the same amount you've lost the last time. Even Wall St. millionaire stock traders don't touch Forex with a 3 feet stick. Do you actually think that you are better than them or other multi billion hedge funds and firms ?

thrall · Dec 9, 2015

-- Yesterday Results --
EURAUD - $25.46 Profit
AUDUSD - $9.54 Loss

Im running +2 orders now
EURCAD - $31.89 Profit
AUDJPY - $12.12 Profit

I will update again when all my orders are closed.

thrall · Dec 9, 2015

AUDJPY - Risk/Reward 1:5

My Journey to 10K/Month on Forex!

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