Hello All, Here comes the topic I love, because this is what I am involved in from quite a while now. Well all i could say you is yes you can certainly make that kind of profit but that is not possible everyday because currency market is volatile but not that u get consistent 150% daily return....coz u'll loose as well and making 150% will only be possible with hihg risk But if u know how to trade, what are candle sticks, indicators, when to enter & when to exit then you can make decent amount of money for living. However if you are keen on making 20% - 60% a month you can do that without taking much risk...In this scenario the potential risk will be 10% of your account balance but u need to be a trained forex expert. Other option is to have a managed account with trading professional , sit back, relax and see your account growing live.... Please feel free to get back, if anyone has got queries...send PM.
Good to see you can earn monies via Forex. So let bring your knowledge for the benefits of others fellow forexion members.
Ok.. This is a new chapter for this thread. As you mainly knows that I'm a full time forex trader. I do trade daily at least for 1 or 2 lot. So right now, I can generate at least $30 per trade on daily basis. I trade on GBP/JPY currency pair only. Later on. I will present the tips and trick to get at least $30 per day.
Ok... For the tips. 1. Try monitor GBP/JPY currency pair as this pair moves more than 120 pips on daily basis 2. Trade when the momentum started to build up on this pair. You can check is via forex indicator (free forex indicator) 3. Try trade small first when the signal is yoyo, when the signal is hard, then lock your position.
Another option is the automated trading route - try running our pointbreak EA (free demo on the site - follow sig links). You will need at least 1k however to get started with real capital, but you can see what happens with play money.
If you can earn USD$15 daily on Forex with USD$10 investment, then you are putting risks and chances of losing all your money is very big. Come on dude, think about it. If you can earn 15 a day, you can lose 15 a day as well. Are you willing to gamble on that?
ahhh I miss my forex days.. Yes there is money to made.. You have to know which pairs to pick, stick to your plan, and a realistic target for the pair rather then guessing or allowing emotions to get involved.. It was the only way I maintained success and I have taught my system to many folks.
There has been a lot of volatility in the markets over the last few months, starting with the subprime mortgage problems in the summer. I personally like pairs like AUDCAD which are range-bound, but also cant keep away from the yen carry trade pairs. Predictability is a good thing, the more the better - pick your pairs very carefully. Good luck to anyone starting trading, and good hunting! I also have a friend who manages accounts very well, i have myself also done it in the past, and know what is involved and with the right plan it is possible to turn forex into more of an investment type risk profile. Its obvious, but people being who there are, are motivated by fear and greed, and so often fail to seel that Risk and Reward always go hand in hand.
I have make some money with "virtual money" in oanda... now how much money can i make using only 10-50 dolars ? Thanks in advance.
For me, as I said before, with just USD$10, now I have in hand about USD$1000 as a margin and I know earn at least $50 per day... just trading on GBP/JPY.
yes i believe you. please teach me how to invest and earn from forex. im a fast learner. i have an acquaintance who also does forex for a living and earns about 75% return on his investment of $2,500 a month. i mean , he earns $750 for every $1000 he invests in a month. not in a day. and his trading method is 80% accurate meaning, he wins or earns 80% of his trading activities. unfortunately, he doesnt know me well to teach me his method which he acquired from a professional mentor. he claims that you can learn his method in just a few hours. no complicated methods required.
I am trading with www.stifxonline.com I am earning good at the moment. You have to check technical and fundamental to get a good idea of where market is heading towards.