tirus Posted January 16, 2013 Share Posted January 16, 2013 Sometimes traders are in that situation because of the lack of funds and they find themselves living hand to mouth to cover their expenses. They would make use of the profits for other expenses and hope to get trading capital from forex forums to trade with the next time around. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 23, 2013 Share Posted January 23, 2013 for me just make some backup dude, i mean if you don't have backup then use your profit as backup until at certain amount which you think is enough, and then if that thing is done i think that is up to you, you want to use your other profit to buy something that you want or save it in the bank, every trader have their own way to spend profit from what their trading activity Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted January 23, 2013 Share Posted January 23, 2013 We should withdraw our profits on a regular basis. I think not only earning but withdrawing a profit really decides that we realize a profit. Profit and losses are common in Forex trading and if we make profit in one transaction and do not withdraw it and in the next transaction we make a greater loss than what was the material use of that profit. So we should also consider withdrawing our profits periodically. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 23, 2013 Share Posted January 23, 2013 There is no harm withdrawing your profits from trading account because you need to also reward yourself for the work that you have put into your trading. One must just be strategic as well in order to make sure that there will be funding for future trades as well since it can help you to raise the stakes. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 24, 2013 Share Posted January 24, 2013 If i were to be doing forex today i would be spending my earnings on some offline business because that would help my family alot.sincerely to me re-investing a part of our daily earnings wouldn't be a bad idea so far we have the confedient to earn more. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted January 24, 2013 Share Posted January 24, 2013 if we have earned a good profit from forex trading should we use part of the profits as a capital increase that we have the opportunity to be able to raise higher benefits we will get from the next trade and some other benefits can we save it as a capital reserve if we experience a loss Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 25, 2013 Share Posted January 25, 2013 Yeah that's true.I would prefer we dividing it into three.One to be added to the capital and the other to be spent while the third should be saved in the case of any future occurences whether online or offline.sincerely learning to safe is important. Quote Link to comment Share on other sites More sharing options...
budado Posted January 25, 2013 Share Posted January 25, 2013 Right now I prefer to open multiple accounts. In this way I can use one account to earn me more by keep on trading using that account and the other one I just cashout each month. This is my goal and this is what I want to achieve and so far some how I'm earning good and earning well while trading. Although bad thing is that we really don't know if next month we will going to earn the same. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 26, 2013 Share Posted January 26, 2013 You really have a good strategy that only means that your account is growing in here and can have more changes of earning a good amount in here. It's really a good idea that you didn't spend your earnings, but rather using it to compound by having another account so it's good that you can manage to have many accounts. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 26, 2013 Share Posted January 26, 2013 @budado: doing forex is majorly about being positive.if you are positive that next month would be good then it would be good.sincerely putting back our earnings into our tradings isn't a bad idea so far we are extremely careful when we go ahead to do it. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted January 27, 2013 Share Posted January 27, 2013 Always, think of our profits as a motivation and that will boost our confidence in trading. Which means that our profits should be put in good use like using it in for our expense and for our good use. And then, we save some funds if possible to make sure we will have it for our future trading or back up plan for our trading accounts. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 27, 2013 Share Posted January 27, 2013 The reward of hardwork is having a good time.Our profits could be used for many things but what i expect every trader to do is for he or she to spend the funds he eventually gets wisely since it wasn't easy for him to get the profit in the first place. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 27, 2013 Share Posted January 27, 2013 If you get profits in forex you just withdraw the profits to your payment processor and try to trade with your initial investment again so that it can give you a clear view of how much you are earning profit . i will set a target in forex to earn some money every day and i hope that will work well . Quote Link to comment Share on other sites More sharing options...
Achiever2015 Posted January 28, 2013 Share Posted January 28, 2013 In my opinion, the profits generated can be invested in other investments or better still saved. However, for newbies, it is important that profits are not put back to trading so that loss could be minimized. As much as possible newbies should minimize risks. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 28, 2013 Share Posted January 28, 2013 Yeah newbies should be taking their profits out but gradually as they improve they could be going ahead to put some back into their trading accounts.sincerely to me spending all wouldn't be an advice i would be giving so that we wouldn't be short of funds. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 29, 2013 Share Posted January 29, 2013 That is a good idea because we cannot just rely in Forex trading because it's really wise if you going to invest your profit from Forex trading into some other investment program because for sure that will surely maximize your earnings. Especially when you have also an offline job so you can still support your living even you are not getting any profit from Forex trading. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 29, 2013 Share Posted January 29, 2013 Sincerely in life in general we shouldn't just be relying in just a business we should always be having one that would be supporting that one we are having because we never can tell there may be a problem in the future meaning we could easily be switching to the other. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 29, 2013 Share Posted January 29, 2013 I am actually thinking of becoming successful in many other businesses because life is too long and we can do a lot of things and learn a lot of things so I am the person who like exploring things when I become successful in Forex trading then I will try Stock market so it will be good for me. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 29, 2013 Share Posted January 29, 2013 If you want to earn more and more its better to reinvest your profit into your trading account or make your profit with the account itself and try to start trading with a huge capital . Most of the times traders will b doing like this . but if i get profit i just withdraw it and again trade with my capital that i have invested before . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 30, 2013 Share Posted January 30, 2013 @Money:You are speaking my mind.If eventually i end up earning well in forex,i could end up using it to do some other online or offline businesses because i majorly stay happy when i personally try out new things and since i hardly welcome reckless spending,that i would be doing. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 30, 2013 Share Posted January 30, 2013 There is absolutely no harm in doing that because you will be able to diversify your funds and make sure that you can be able to earn from multiple sources and not from just forex alone. It would also help you to fund your forex trading in times that you are not able to get acess to funds to trade with. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 31, 2013 Share Posted January 31, 2013 In my opinion again re- investing that profits back to the trading will be really a benefit for most of the traders . but if i get a chance then i simply withdraw my bonus and again trade with by capital investment and this will i will do money management . forex is one of the very risky business so it is really hard to face the risk in forex . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted February 1, 2013 Share Posted February 1, 2013 Sincerely re-investing is a major option that i tend to always see guys to especially those that tend to be reckless.we must endeavour to re-invest to gain much more especially if we tend to know that our forex knowledge is extremely much. Quote Link to comment Share on other sites More sharing options...
andisatria Posted February 1, 2013 Share Posted February 1, 2013 I think you should never spend the profits that we get from forex trading because of the advantages that we get will be more useful if we save and we gather as a capital reserve so that when we experience a margin call then we still have a stash of capital to be able to trade again Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted February 2, 2013 Share Posted February 2, 2013 A stagnant money that isn't used to do something important would eventually be used to do something un-important.we must get to know that it is extremely important for us to even put our earning into something better in the future so we wouldn't be spending it recklessly. Quote Link to comment Share on other sites More sharing options...
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