Does anyone really make money off of the Forex?

Fact, 99% lose, common sense, start with the smallest possible amount and account and trade sparingly your most confident setups even if it means you don’t trade for several days or even weeks.

I’ve been using the trading software from masteryourforex.com and I really think that it is going to help me in the long run. The blogs are very helpful and this forum has been amazing. The practice runs I have made while doing the training have been successful, I can’t wait to start.

I lost money too but I don’t give up. Now I slowly regain lost grounds. Most importantly, don’t be greedy or you will be perished. I make it a point to earn US$30-100 daily before calling it a day. Small earning small stream which lead to a bigger river.

It is NOT to the government to hold our hand threw trading and for that matter threw life.Over regulation is a killer for everything in life, and of course includes trading.

Account

Opening Balance

Closing Balance

Profit/Loss

Test Account 1

$5100

$42,500

+730%

Test Account 2

$10,000

$20,600

+106%

Test Account 3

$10,000

$11,800

+18%

Test Account 4

$15,000

$22,600

+51%

Test Account 5

$5000

$11490

+130%

Demo or real test accounts ?? Can’t you show us real reports ??

I agree with you.Learning is very important in forex.This School of Pipsology is very useful and helpful.

forex is a legit way to earn profits online but you have to study and master it to really make money out of it.

Making money in Forex is simple.

Invest time in acquiring knowledge and understanding of the markets; find a good broker; find one system that you COMPLETELY understand; stick to your trade plan and follow money management rules.

You MUST remove emotions - stick to your trade plan, win or lose. Review it afterwards and change it if necessary, but always obey your Entry and Exit rules.

Your lot size must be determined by your account size. Ignore this at your peril. This is probably the most important rule of all. I ignored it for a long time and I wondered why I blew my account when I had many more winners than losers.

yes I am a person here who is making earning from forex trading. I do not say that i am a successful trader . But it is a reality , people are making income from forex trading,. I do demo practice for 6 months after it start real trading , make losses in start now it is a time to make return from my invested amount .

Making money with forex is not just imaginative. Here I really find money as per my skills. In forex I am more satisfied than any other online work because in forex I had full access to my account . All good or bad decisions are my own . making money in forex takes some time of experience.

Of course Real job is essential to make investments in forex in case of losses.

The journey to success has many twists and turns but it is possible to make money.

The golden thing to remember is to be realistic about your expectation. 10% a month return on your account is the target I aim for.

I made $330 yesterday from a $10,000 account. There are retail traders who make over a million dollars a year! The problem is not many of them are willing to take the time to write down their systems. Why would they? Most people that sell systems/write books on trading are failed traders trying to make a buck!

Sorry, but that´s simply not true (Marketers trying to sell their stuff often quote it), the truth is (some of the largest Brokers made an investigation) that about 70 % of Traders loose Money, 30 % are profiting, 5 % earn a lot of cash and
1 % are the eleite.traders.
Of course if you only count newbies the percentage of loosers is bigger…
I´m trading Forex since 2 years now and I needed 15 month (on Demo) to become profitable, meanwhile my Live-Account grows between 3 % and 35 % a month, but if I reinvest my earnings I suppose I´ll need another 3 - 5 year to live off it.
Kind regards
parsifal

Try XM.com. I trade with them and they offer micro lots.

What’s that about? Mess with trades. Please explain more…

I am aware brokers get inventory but liquidity is constant from liquidity providers and if it is low they will essentially increase the spread to affect demand and supply. Why would they mess your trades? And how?

Broker/dealers may take positions themselves Deutche is a broker dealer but again your trades are based on the orderflow so if you are on the right side then great but if you on the wrong side then Poof! Zero sum markets, loosers pay winners…

The brokers normally have a good idea of the orderflow across all brokers as this directly affects their inventory but in most cases liquidity is constant so brokers have no risk so worry only about spreads. Any other microstructure specialists care to elaborate? Microstructure has never been my strong suit in fact I am really just starting to get a handle on it.

I’d say 80% of the traders who try it will fail eventually. Maybe not at the beginning but certainly after a couple of months they fail due to lack of discipline and money management.

Reinvest / compound your earnings will get you sooner to your target. I calculated that within 2 years I can live off of forex due to compounding my earnings.

Good luck

In other words 80% fail because they don’t know what they are doing.

I’m not sure 80% is the correct figure as I really don’t think anyone knows the correct figure.

The problem with quoting this figure is defining what success is.

Jessie Livermore is classed as a successful trader but he died broke… go figure !