Forex Forums | ForexLasers.com


Go Back   Forex Lasers Forum > FOREX TRADING > Forex Discussion


Can you really make money in forex?

Forex Discussion


Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 10-10-2010, 07:41
KajolThappar's Avatar
Level II Lasers Member
 
Join Date: Sep 2010
Posts: 31
Default Can you really make money in forex?

I've read a lot about Forex, but I've never seen a proven profitable forex strategy, despite the claims of some scam web sites.

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Reply With Quote
  #2  
Old 07-02-2011, 21:14
Level II Lasers Member
 
Join Date: Sep 2010
Posts: 40
Default

Auto trading systems help you profit in the forex market without begin an extremely good trader who is already earning money in forex. for starting earning just get one of them.
Reply With Quote
  #3  
Old 03-12-2011, 09:35
Level III Lasers Member
 
Join Date: Sep 2011
Posts: 63
Default re: Can you really make money in forex?

There is very short list of traders who make money on forex while is a long list of traders who had lost their money. Therefore forex trading need sufficient practice before to trade with real money.
Reply With Quote
  #4  
Old 06-12-2011, 14:22
Level 1 Lasers Member
 
Join Date: Dec 2011
Posts: 2
Default re: Can you really make money in forex?

There are obviously a lot of advantages if you can get it right - and I mean get it right consistantly - and here is the crunch, because there are a lot of negatives sitting on your shoulder. Patience, Fear, Greed, and lethargy (tiredness) and tension in watching a screen for hours with money riding on the outcome.
I have given an awful lot of time up to get it right in trading and have decided that if I am to be successful I need as much of an auto system as one can get.
By that I mean an auto mechanical system that will give me small positive trades, frequently and carried out on a regular basis.
The Institutional Traders have deep pockets and can ride the peaks and valleys to the extent that the Retail trader such as I can't do, so they only need to match the fundamentals.
Forget about the Holy Grail for retail traders, it isn't there, and the best system out there we'll probably neve get tor know about it.
I was once asked how long I thought it would take a newbie to get proficient in trading forex and told him two years and he nearly fell backwards, and thought that I must be backward for taking so long to learn.
Depending on your mental perceptions it could take less time I suppose if you are a natural, but the road will still be a long and lonely one I guess.
Cheers & good luck...................pipship
Reply With Quote
  #5  
Old 06-12-2011, 14:27
Level 1 Lasers Member
 
Join Date: Dec 2011
Posts: 2
Default re: Can you really make money in forex?

There are obviously a lot of advantages if you can get it right - and I mean get it right consistantly - and here is the crunch, because there are a lot of negatives sitting on your shoulder. Patience, Fear, Greed, and lethargy (tiredness) and tension in watching a screen for hours with money riding on the outcome.
I have given an awful lot of time up to get it right in trading and have decided that if I am to be successful I need as much of an auto system as one can get.
By that I mean an auto mechanical system that will give me small positive trades, frequently and carried out on a regular basis.
The Institutional Traders have deep pockets and can ride the peaks and valleys to the extent that the Retail trader such as I can't do, so they only need to match the fundamentals.
Forget about the Holy Grail for retail traders, it isn't there, and the best system out there we'll probably neve get tor know about it.
I was once asked how long I thought it would take a newbie to get proficient in trading forex and told him two years and he nearly fell backwards, and thought that I must be backward for taking so long to learn.
Depending on your mental perceptions it could take less time I suppose if you are a natural, but the road will still be a long and lonely one I guess.
Cheers & good luck...................pipship
Reply With Quote
  #6  
Old 20-12-2011, 19:40
Level 1 Lasers Member
 
Join Date: Dec 2011
Posts: 5
Default re: Can you really make money in forex?

Hi there,
I understand in forex and I put a good income in this way!
Now I'm here to help,

never, no one tells you his secret
Or his strategy, understand this!
I'm here to challenge you and try to catch it for you!
I've never publish and discover my strategy, but the manual with which I began to do
Thousands of dollars every month ..
If I can help, I'm glad!
The main thing is, you will succeed like me!
With this guide, you can discover personal strategies, and the right way!

To save you time searching for instructions, or explanations on how to make money through forex ..

I write to you here,
what the guide helped me to do the income of thousands of dollars in a month!

I personally, at first in front of about two years it was really hard!
And now about the guide that I bought, I'm making thousands of dollars a month, yet for me it's just the beginning!
I really recommend it, (at the end I will add a link to buy ...)

There are many sites currently recommended, but they to advanced ...
I really encourage you to think several times about what I write,
so I will help you in this, I can recommend you what help me personally...

So is the guide:
Click Here
In this site, has pictures, videos that explain the guide!
There you will see how much this guide is recommended!

Do not miss the Opportunity your success!
Reply With Quote
  #7  
Old 08-06-2012, 04:04
Level 1 Lasers Member
 
Join Date: Feb 2009
Posts: 13
Default re: Can you really make money in forex?

Yes you can make money, provided you have a honest broker. Trading with stop loss, and not looking to earn more within a short period.
Reply With Quote
  #8  
Old 01-07-2012, 15:20
Level 1 Lasers Member
 
Join Date: Jun 2010
Posts: 14
Default re: Can you really make money in forex?

Can you really make money in Forex? Yes, but it is very difficult, the vast majority of small traders lose, but as it's a zero sum market their losses are someone elses gains.
Reply With Quote
  #9  
Old 02-07-2012, 07:18
Level II Lasers Member
 
Join Date: Apr 2012
Posts: 20
Default re: Can you really make money in forex?

Original poster pretty much hit it on the head for me. I join FOREX forums to read about other people's experiences, but for me, I just don't have the capital to throw away to learn how to trade profitably. I find too many things about FOREX to be, for lack of better words, suspicious.

Nothing but respect for the people that have been able to make it work for them, but I think the vast majority of folks that try to do this should probably go elsewhere.. myself included.

I stick around out of curiosity, mostly.
Reply With Quote
  #10  
Old 10-07-2012, 00:09
Level 1 Lasers Member
 
Join Date: Jul 2012
Posts: 6
Default re: Can you really make money in forex?

I think Forex is a real business opportunity for everybody who is taking it seriously and treating it as business not a gambling game, you just enter when you want or exit when you want. you shout have the right mindset and the best education for it plus discipline.
Reply With Quote
  #11  
Old 10-12-2012, 12:22
Level 1 Lasers Member
 
Join Date: Nov 2012
Posts: 18
Default re: Can you really make money in forex?

I used to trade in Forex from last 9 years, now a days there are many automated signal services, robots are available for traders to enhance their profit chunks. I love to trade by free signal service fxreplitrader, because it's signals are amazing, provided by top brokers and traders. It is fully compatible with MT4 so anyone can try over demo for testing. I earn by its signals....:)
Reply With Quote
  #12  
Old 08-01-2013, 10:52
solochris's Avatar
Level 1 Lasers Member
 
Join Date: Oct 2012
Posts: 13
Default re: Can you really make money in forex?

Most traders lose because they are not able to follow your trading plan and/or they did not control their risk amount per trade.

Humans are by default greedy and lazy. They want to make lots of money fast and with minimal effort. Trading is counter-intuitive. Traders need to be consciously aware that learning to trade is a skill and it takes a considerable time to learn it.

Luck happens to a person who is prepared when an opportunity presents itself. It is about the consistent execution of the trading plan, method, strategy or whatever you want to call it.


Quote:
Originally Posted by KajolThappar View Post
I've read a lot about Forex, but I've never seen a proven profitable forex strategy, despite the claims of some scam web sites.

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Reply With Quote
  #13  
Old 29-10-2013, 11:54
Level II Lasers Member
 
Join Date: Jun 2013
Location: indonesia
Posts: 30
Default re: Can you really make money in forex?

Sure,,,
I can make money in forex trading. You can believe or not about this, but I'm really could make money in there.
I've been trading in liteforex broker and have many times withdraw some fund from there..
Per weeks, I can gain $120-200. It's hard but very interesting guys...
Reply With Quote
  #14  
Old 31-10-2013, 14:34
Level 1 Lasers Member
 
Join Date: Sep 2013
Posts: 11
Default re: Can you really make money in forex?

I think the automated trading is the future of forex. Eventually we will develop robots that will be much better than we in trading and making the forex decisions. But today, I don't know robot that can trade without human supervivsion
Reply With Quote
  #15  
Old 17-11-2013, 13:46
Gerski's Avatar
Level III Lasers Member
 
Join Date: Nov 2013
Posts: 61
Default re: Can you really make money in forex?

We can really earn money on forex trading but ofcourse reality enters that we need to educate first ourself and know what is this forex all about.
Reply With Quote
  #16  
Old 17-11-2013, 16:33
Level III Lasers Member
 
Join Date: Nov 2013
Location: Manila, Philippines
Posts: 82
Default re: Can you really make money in forex?

Proper education and training are the keys to make money on Forex trading. These two are our tools to develop good trading strategy that will help us not to lose our money.
Reply With Quote
  #17  
Old 21-11-2013, 14:38
rrayne20009's Avatar
Level II Lasers Member
 
Join Date: Nov 2013
Posts: 44
Default re: Can you really make money in forex?

Forex is considered as one of the most legit way to earn money through the internet.You can really make money with it but there are requirements for you to do it.You must learn patiently and determined to be knowledgeable and skillful in forex trading to be successful.
Reply With Quote
  #18  
Old 22-11-2013, 07:56
mocharifin's Avatar
Level IV Lasers Member
 
Join Date: May 2013
Location: some place in peace
Posts: 101
Send a message via Yahoo to mocharifin
Default re: Can you really make money in forex?

Useless question....
It indicating that you are never got profit and even making money from forex.
Swear, I can making money in forex. Now, i'm trading in Liteforex broker and some other. Every week i can gain more about $120. I never trade in naked chart, I always trade using EA. and Liteforex ALLOW us using EA there..
Reply With Quote
  #19  
Old 24-11-2013, 16:16
Level III Lasers Member
 
Join Date: Nov 2013
Location: Manila, Philippines
Posts: 82
Default re: Can you really make money in forex?

Quote:
Originally Posted by mocharifin View Post
Useless question....
It indicating that you are never got profit and even making money from forex.
Swear, I can making money in forex. Now, i'm trading in Liteforex broker and some other. Every week i can gain more about $120. I never trade in naked chart, I always trade using EA. and Liteforex ALLOW us using EA there..
Its great that you are gaining more about $120 per week. Perhaps you are already knowledgeable trader and you know more about Forex trading. I do not trade live yet. I am still trying a demo account with GDMFX. I don't know if you know this broker or have heard about it. And per my knowledge, this broker also allows the use of EA.
Reply With Quote
  #20  
Old 25-11-2013, 11:40
rrayne20009's Avatar
Level II Lasers Member
 
Join Date: Nov 2013
Posts: 44
Default re: Can you really make money in forex?

Quote:
Originally Posted by leebelisar View Post
Its great that you are gaining more about $120 per week. Perhaps you are already knowledgeable trader and you know more about Forex trading. I do not trade live yet. I am still trying a demo account with GDMFX. I don't know if you know this broker or have heard about it. And per my knowledge, this broker also allows the use of EA.
Hi Lee!Glad to hear that you're doing a free demo with Gdmfx.So,how's trading and how do you find/rate their platform?I am also on a demo account with them:)
Reply With Quote
  #21  
Old 27-11-2013, 04:26
Level III Lasers Member
 
Join Date: Nov 2013
Location: Manila, Philippines
Posts: 82
Default re: Can you really make money in forex?

Quote:
Originally Posted by rrayne20009 View Post
Hi Lee!Glad to hear that you're doing a free demo with Gdmfx.So,how's trading and how do you find/rate their platform?I am also on a demo account with them:)
Yup. Its been more than two weeks now. I am enjoying what I am doing so far. Demo account is a sort of just fun for me. You know, no real money involve so trading is not that serious. But its great to have a general grasp of the trading process so I'll be prepared when I go live.
Reply With Quote
  #22  
Old 04-12-2013, 19:39
Level III Lasers Member
 
Join Date: Oct 2012
Posts: 59
Default re: Can you really make money in forex?

Yes you can make money, provided you have a honest broker. I think Forex is a real business opportunity for everybody.
Reply With Quote
  #23  
Old 04-12-2013, 20:59
Level III Lasers Member
 
Join Date: Oct 2012
Posts: 59
Default re: Can you really make money in forex?

Quote:
Originally Posted by shere1779 View Post
Yes you can make money, provided you have a honest broker. I think Forex is a real business opportunity for everybody.

https://forex-metal.com/affiliate/47225/1
Reply With Quote
  #24  
Old 30-01-2014, 10:04
Level III Lasers Member
 
Join Date: Nov 2013
Location: Manila, Philippines
Posts: 82
Default re: Can you really make money in forex?

Quote:
Originally Posted by henryduncan12 View Post
There is very short list of traders who make money on forex while is a long list of traders who had lost their money. Therefore forex trading need sufficient practice before to trade with real money.
The secret to being successful to trading foreign currency is indeed sufficient knowledge and training about the subject matter. One of the good ways to learn more about Forex trading is via a demo account. Forex Web sites and forums are also helpful in enhancing your skills and information about this thing.
Reply With Quote
  #25  
Old 08-04-2014, 17:11
Level IV Lasers Member
 
Join Date: May 2013
Posts: 200
Default re: Can you really make money in forex?

yes i do make money in forex, iam a part time trader and i pretty happy with the earnings.
Reply With Quote
  #26  
Old 13-04-2014, 17:36
Level 1 Lasers Member
 
Join Date: Apr 2014
Posts: 6
Default re: Can you really make money in forex?

Yes you can make consistent money in forex. You must have a sound strategy.
Reply With Quote
  #27  
Old 07-05-2015, 18:43
fxarms's Avatar
Level 1 Lasers Member
 
Join Date: May 2015
Location: US
Posts: 14
Default re: Can you really make money in forex?

Do not consider forex as get rich quick scheme. consider forex trading also as some other business. if you follow strict money management rules and trade with discipline, it is possible to make money on forex trading.
Reply With Quote
  #28  
Old 26-07-2015, 16:55
Nedftucker's Avatar
Level 1 Lasers Member
 
Join Date: Jul 2015
Location: USA
Posts: 6
Default re: Can you really make money in forex?

Quote:
Originally Posted by henryduncan12 View Post
There is very short list of traders who make money on forex while is a long list of traders who had lost their money. Therefore forex trading need sufficient practice before to trade with real money.
I am with you. Actually people lose money on Forex because they try to make fast money. Forex is certainly not a short cut to become a millionaire. The thing is that there is no millionaire in the world who became millionaires without an great effort. It is the same for Forex as well.
Reply With Quote
  #29  
Old 12-03-2016, 18:36
fxsatria's Avatar
Level II Lasers Member
 
Join Date: Oct 2013
Location: hell's door
Posts: 37
Default re: Can you really make money in forex?

Quote:
Originally Posted by shere1779 View Post
Yes you can make money, provided you have a honest broker. I think Forex is a real business opportunity for everybody.
yes forex is real and not scam business like MLM or HYIPS. Every month i can WD from liteforex broker. just small capital but fruitful.
Reply With Quote
  #30  
Old 10-05-2016, 08:47
Level 1 Lasers Member
 
Join Date: Apr 2016
Posts: 8
Default re: Can you really make money in forex?

I think about 90% of the HYIPs sites ends up taking investors money, most of these MLM and HYIP sites are ponzi or pyramid scheme where the new investors money is utilized in compensating the senior investors/members. I guess forex trading can be a legit online business where you can earn money by investing wisely.
Reply With Quote
  #31  
Old 13-05-2016, 08:43
Level 1 Lasers Member
 
Join Date: May 2016
Posts: 9
Default re: Can you really make money in forex?

Quote:
Originally Posted by pipship View Post
The Institutional Traders have deep pockets and can ride the peaks and valleys to the extent that the Retail trader such as I can't do, so they only need to match the fundamentals.
BTW speaking about institutional traders. I believe the common perception about them is a little bit incorrect. Let's think this way. First of all, all that institutions (banks, funds etc) - they have lots and lots of people trading for them. And I think it's not possible to have all the geniuses there (the geniuses opens their own hedge funds :) ) - so they have some average strategies which are backed by that deep pockets. Also as a retail trader you have a privilege not to trade when you feel the market is bad. While insitutions HAVE to trade - they need to have good balance sheets, they need to execute their clients' requests etc. So in general you CAN earn at forex, you just need to find the benefits of being small :)
Reply With Quote
  #32  
Old 17-05-2016, 12:21
Level 1 Lasers Member
 
Join Date: Apr 2016
Posts: 8
Default re: Can you really make money in forex?

Quote:
Originally Posted by fxsatria View Post
yes forex is real and not scam business like MLM or HYIPS. Every month i can WD from liteforex broker. just small capital but fruitful.
Almost every HYIP or ponzi scheme sites ends up taking investors' money and since every online business never guarantee payment safety, i guess forex trading can be a legit business online for earning money.
Reply With Quote
  #33  
Old 24-05-2016, 16:24
samuelp80's Avatar
Level II Lasers Member
 
Join Date: May 2013
Location: indonesia
Posts: 45
Send a message via Yahoo to samuelp80
Default re: Can you really make money in forex?

Quote:
Originally Posted by fxsatria View Post
yes forex is real and not scam business like MLM or HYIPS. Every month i can WD from liteforex broker. just small capital but fruitful.
How many dollar could you withdraw from liteforex broker sir??
Reply With Quote
  #34  
Old 08-06-2016, 10:51
Level IV Lasers Member
 
Join Date: Feb 2014
Posts: 188
Default re: Can you really make money in forex?

Hey guys. I just found a forex forum which is newly set up. It's at Forex Forums. I like it because it is mobile-friendly. Perhaps, I feel that it will be good if we also interact in a new forum. One of the reasons is because well-established forums tend to have too many information in it and it will confuse the newbies just like myself.

I hope the experienced traders will not mind sharing their inputs with the newbies there.

See you on the other side!
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Make money with almost no effort! earner Forex Systems 25 10-05-2016 10:02
Make Money Forex Trading by Utilizing Volatility ForexArticles Forex Articles 1 13-03-2016 16:43
How to make money with low risk vic2 Expert Advisors / Robots 0 09-03-2016 19:30
Get my Free-book Make money in Forex increase Software / Signals / Services 0 24-04-2014 16:12
How to make money on Forex vic2 Forex Discussion 41 18-03-2014 06:46


All times are GMT. The time now is 18:07.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2019, vBulletin Solutions, Inc.