Right broker is very important indeed, but to earn daily profits on Forex, you have to be professional trader with a huge experience. If trader is newbie, even good broker cannot help here to earn profits daily.
is it possible to earn daily profit in ForEx?
- Thread starter SamForexTrader
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Right broker is very important indeed, but to earn daily profits on Forex, you have to be professional trader with a huge experience. If trader is newbie, even good broker cannot help here to earn profits daily.
Its possible ,depend on your strategy.but the lack of knowledge by individual market participants make risky .
The best tool that is in the hands of the trades is the proper knowledge as that will only lead to success
It is very much possible. Many traders are making daily profit in a free trading game. I am not joking guys- I watch a good trader games- he win 4 games of $10 respectively by competing other trader in a 1on1 challenge. When my friends told me- I do not believe. I go and watch traders games. But nowI have a wish to do this.
I can see consistent profit there.
I can see consistent profit there.
if You open regular business You don't expect to start money from first week RIGHT ??? you must pay your loan, bills, gather customer base etc ...
FOREX is the same ---> but instead loan You invest in you knowledge,
... and experience + right knowledge = money on FX
but hot money is always loose money so be patient and learn !
FOREX is the same ---> but instead loan You invest in you knowledge,
... and experience + right knowledge = money on FX
but hot money is always loose money so be patient and learn !
It is very possible to maintain a steady daily income with forex. It all depends on you. When I say steady income, I don't mean a very high amount here because those who chose to earn high on a daily basis often fail. The point is that you must be patient and always wait for the right time to enter the market. While you are waiting, you must keep your eye on the market. Scalping the market is a very good strategy to earn daily because you jump in and jump out as quickly as possible.
It depend on your trading style . Scalpers and short term traders try to get daily profit rather than long term traders. Forex market is moving 24 hours . In some hours of the day it is slow supporting for new traders they can decide in calm market about trading. Scalpers need fast market. If you do trading in a limit with plan you can get some profit daily.
Profit in everyday is possible in forex trading but high level of trading skill and years of experience required. I will be happy if I can make considerable profit per month not per day in forex trading . Also in forex trading we have to be prepared for facing losses and recovering account from dd.
Yes it is possible to have daily profits from forex trading. Many traders are doing short term trading on daily base they can get 10 to 20 pips daily. Some day they skip trading if market trend is not clear. Currency market specially is moving all the time, it facilitate new traders to get trading practice and some profit too in short time period with low risk.
I fear for those who jump into forex because they hear that people are making money through it. have you ever considered how much these ones have lost before they started earning consistently. Even the best forex trader have some loss records, so it is not really easy. Before you invest a huge amount of money in forex, you should get the needed knowledge and practice with small money on a platform that allows micro account.
right- Yes, I think so that forex is a fast way to earn money. Forex traders having good forex market knowledge and good trading strategy can earn very good profit from this business. So traders having proper knowledge can make this business is the way to earn money quickly indeed.
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It depends on the type of trader you are, it is not possible for me to make profit everyday as my trading system is very picky and doesn't trade everyday, for example in the past 24 trading days my system only produced 11 trades and few trades happened on the same day, so there were days i have no trade at all, no profit, however from those 11 trades, 10 of them were winners
If you ask daily profit, no i can't achieve that, but monthly profit? Hell yeah!
If you ask daily profit, no i can't achieve that, but monthly profit? Hell yeah!
I think scalping is a real opportunity for gaining profits every day. Of course they cannot be big but stable.
I am not sure about daily profits. I focus on generating a monthly profit rather than try to make it every day, but I am a new trader so maybe I will adjust my target as I gain more experience.
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