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FOREX - Can we makes monies?

Discussion in 'General Business' started by sysop, Jan 2, 2007.

  1. goforhunt

    goforhunt Banned

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    #101
    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.
     
    goforhunt, Jun 2, 2007 IP
  2. sysop

    sysop Peon

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    #102
    Good to see you can earn monies via Forex. So let bring your knowledge for the benefits of others fellow forexion members.
     
    sysop, Jun 13, 2007 IP
  3. sysop

    sysop Peon

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    #103
    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.
     
    sysop, Nov 26, 2007 IP
  4. loaderxp

    loaderxp Peon

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    #104
    Waiting for tips!!!! :)
     
    loaderxp, Dec 5, 2007 IP
  5. sysop

    sysop Peon

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    #105
    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.
     
    sysop, Dec 8, 2007 IP
  6. ariffin246

    ariffin246 Well-Known Member

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    #106
    try www.babypips.com
     
    ariffin246, Dec 8, 2007 IP
  7. easyforexsignals.com

    easyforexsignals.com Peon

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    #107
    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.
     
    easyforexsignals.com, Dec 8, 2007 IP
  8. wkhaiaun

    wkhaiaun Peon

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    #108
    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?
     
    wkhaiaun, Dec 8, 2007 IP
  9. LBSources

    LBSources Peon

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    #109
    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.
     
    LBSources, Dec 8, 2007 IP
  10. easyforexsignals.com

    easyforexsignals.com Peon

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    #110
    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.
     
    easyforexsignals.com, Dec 9, 2007 IP
  11. loaderxp

    loaderxp Peon

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    #111
    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.
     
    loaderxp, Dec 13, 2007 IP
  12. mi scusi

    mi scusi Peon

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    #112
    Dont use Marketiva they suck !
    I recommend oanda, But dont leave trades open over the weekend
     
    mi scusi, Dec 13, 2007 IP
  13. loaderxp

    loaderxp Peon

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    #113
    Why not open trades over the weekends?

    Anyone head about etoro? (www.etoro.com)
     
    loaderxp, Dec 13, 2007 IP
  14. sysop

    sysop Peon

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    #114
    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.
     
    sysop, Dec 18, 2007 IP
  15. mi scusi

    mi scusi Peon

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    #115
    GJ is a very volatile pair, I trade Gu...
     
    mi scusi, Dec 18, 2007 IP
  16. fastefund

    fastefund Well-Known Member

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    #116
    You can have this book(FOREX INTRO) if you PM me.

    Fastefund.
     
    fastefund, Dec 18, 2007 IP
  17. loaderxp

    loaderxp Peon

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    #117
    Wich Forex system do you use? Marketiva? Oanda?
     
    loaderxp, Dec 21, 2007 IP
  18. brandy888

    brandy888 Peon

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    #118
    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.
     
    brandy888, Dec 22, 2007 IP
  19. jackyrocks

    jackyrocks Banned

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    #119
    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.
     
    jackyrocks, Dec 22, 2007 IP
  20. chriswick

    chriswick Peon

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    #120
    I'm glad I'm not the only one that likes the way he thinks!
     
    chriswick, Dec 22, 2007 IP