I’m the one who still get struggle in forex so I’m really wanna know, Is there anyone who can beat up forex and get paid a lot? or Can live there life by forex? becouse I’m running out of faith.
Below thread has lot of answers for your question. This thread is developing based on your question.
http://forums.babypips.com/newbie-island/12-does-anyone-really-make-money-off-forex.html
Thanks Bijoymj but what I looking for is fact, not knowledge or philosophy. I want real answer from real man who get real money.
Hi kobpanya,
I’m still learning forex, is it really that hard?, how long have you been trading without making real money?
Forex may be hard if you dont now how to trade properly , there are 2 solutions to this , either you keep learning or just try out copy trading methods like in zulutrade where you copy other professional traders.
just quit,
When you worry more about the money aspect, your 100% in failure mode.
Why would hearing about winning traders make YOU a better trader?
So, here are your choices,
A-learn to trade
B-Lets someone else bleed your account
C-Quit
i believe they are people who make lot of money out of forex but it’s the positive and winning mentality which is needed
Hi Kobpanya,
Sounds like your struggling. Best advice is to stick with it, study and come up with your own strategy or find someone who has an algorithm you can use. Do not rely on indicators as they are lagging even the ones that claim to not be lagging. Nothing beats chart reading, price action, volume and time. If you can develop a strategy you can always utilize today’s computers and get the strategy automated, at least to a point.
Forex can be difficult, you will not make money everyday nobody does, but you can definitely make a living trading Forex. I have been doing it for years as well as equity trading. Actually since 1998, been in the business since 1994. Stick with it and trust yourself.
did you have personal exp with zulutrade
blackbox pulse You are my man.
Trading consistently and profitably will develop over time. I am sure you know that it won’t happen overnight. You will make money by the time you are ready. What that means is that you should know how to use your strategy, knowledge, psychology, discipline, patience, etc. comes all together and use it as a tool.
This business is very risky and tough. If you felt tired, I think you should take a break for now and do something else. When the time you are ready, you can always come back and tried it again.
Here is a Quote just for you 
“All the world is made of faith, and trust, and pixie dust.”
― J.M. Barrie, Peter Pan
This is a common situation to be in for a newbie. Lets face it, if it was easy everyone would make money or more accurately, no one would… there needs to be a counter party to your trade to make this work. If we were all right 100% of the time, who would take the other side? I often see posts questioning taking a trade looking to several time frames (TF’s). They usually go something like this… ‘I see a trade set up on the 15m, but h1 is against and h4 with the 15m… I’m confused?’ The informed view is the longer TF’s will win out and the shorter TF’s is trading ‘noise’. Clearly we have a problem… most retail traders are intraday traders. So by definition, are trading shorter TF’s. Persnonally, I don’t go below 4h.
So an example: A time slot popular in the US. Asian session. You come home from work, have dinner and open up your platform. See a 15m set up and spend the next three hours going blind to grab perhaps 5-10 pips. Why not step back and scale your lot size to perhaps the 4h? A trade will typically last a day or two and you can go about your business, just looking in now and then. Take a look at EU… on the 4h using price action trading (PA) you’d be short and have traded that slide even until close tonight.
Its kind of like being close up… you see cars racing by on the freeway on the 5m or 15m. Then you climb a hill perhaps a mile away and those cars don’t seem so fast. You see the congestion areas. The bigger picture. Just a thought guys?
Hei my friend!! Lets learn together here. U will be great trader if u put ur effort to learn and never give up mindset!!!
I don’t know how u will be next year if always serious learn on this bussiness. So, made ur mind and take ur step to the job that the limit is yourself, not ur boss!!!
I’m still paper trading, so I haven’t made real money yet. However, I was struggling to make money paper trading until I figured out how to use price action, some basic candle indicators, and the higher time frames to find good trade setups. Now that I have a better idea of what I’m doing, I’m actually making money paper trading. Just to give you a REAL example:
I entered a trade on Thursday based of the daily charts, held it overnight, and was up $1,000 in my account by morning. Entered another good-looking trade Friday morning, decided to hold it over the weekend because it looked better than I’d originally thought, and was up $700 by market close. Last week I held a position overnight based on price action signals, and was up $800. Yes, I’ve made a few bad decisions as well - albeit before I really understood price action. Now, I know what I’m doing much better than a week ago, and to prove it, I made three winning trades between Thursday and Friday this week (the only trades I made), and made $1,700 in two days. Not bad for a beginner.
I may not be the best person to give advice, but here’s what I’ve learned through trial and error:
-
Don’t get fancy or complicated. Stick with the basics of price action and keep a clean chart. It’s much less stressful and doesn’t require a ton of time/work.
-
Only use the weekly/daily/4hr charts. Anything less than the 4hr is too much noise to decipher, and you can’t walk away from your computer because you have to constantly watch the charts.
-
Place stop losses correctly so you don’t lose a ton of money if the trade goes against you.
-
Be patient. A lot of professional traders recommend that beginners only make 3-6 trades a month, or 1 a week. The key is to wait for the right setups. Unless you really know what you’re doing, placing several trades a day will most likely make you lose money. I wait until I see a setup that I’m 90-100% confident will go in my direction, and I get in. Otherwise, I pass and either wait or look elsewhere. Don’t force a trade if it’s not there.
As far as i know, there are many trader’s in here who are really earning a good amount of money from Forex.
You said you are have struggled and so losing faith. Could you just tell me since how long have you been trading ? and how much time have you spent educating yourself ?
You really know people in here who are making money or people who say they are making money?
You wont become a pro-trader spending your time here, or any other forum for that matter either.
You come here to learn the basics, learn to find what you like and find interesting as an individual, and then you go off and develop your ideas out of sight. These forums and others just act as light entertainment, a place to come and get away from the charts.
Sure you can ask questions etc, but I bet you your last dollar in your trading account that you wont get any two answers that actually agree. As is life…make your own decisions.
As for making money, here is one of my accounts, only been running for a month as its an idea in development. It’s far from perfect, but it’s certainly been rounded from having rough edges.
been trading Forex since 1994/1998? please clarify.
if that is true, you are a big shot or institutional trader. i’m curious, what brings you here then? why mingle with us retail traders.
if you meant to say ‘been trading stocks since 1994’, then you are a highly experienced trader. when did you venture into FX?
one of your posts in another thread has been flagged/edited for advertising. i sincerely hope that has nothing to d owith your postings.
I’ve been on Wall St since 1994, as retail stockbroker. In 1998 I ventured into the world of proprietary equity trading. Have been trading equities ever since. Developed an algorithm over the past few years, trading personal money. I started trading Forex a few years ago and have completed my Forex algorithm within the past year or so.
I’m not here to advertise but to chat and spread some of my trading experiences.
Prior to getting involved on Wall St I played professional golf on the mini tours in Orlando, FL after college. Never made it to the show though 
sigh yes, people and even those just starting out do make money by trading in the ma’rket and the really good traders have set up their own unique hedge funds and are rakin’ in the $$$…so what’s wrong with this rosy picture?
The problem lies in the fact that a huge chunk of new traders get into the market with $$$ sign in their eyes and fail to learn much, on account of impatience or a lack of ability to work hard.
Yes, you can make money but this market, like any other requires commitment and hard work.