pepy Posted August 26, 2011 Share Posted August 26, 2011 about getting daily profit i think it is still possible but very hard to do, so far i only do little treading and i get some loss from my trade, since i am newbie i only tell based on my own experience Quote Link to comment Share on other sites More sharing options...
bringpeace Posted September 5, 2011 Share Posted September 5, 2011 I think not possible if we get profit daily, we can do it, we only need trading with our experience, we need trading with careull, and enter market only if we sure we can get profit. If we do that everyday, i think we can get profit everyday. and in forex world, many people get proit everyday Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 7, 2011 Share Posted September 7, 2011 If a trader acquire all the skills of this beautiful game of trading, daily profits wouldn't be a hard task for them. However, no one is perfect in Forex, and there will be days which are against you, but rather then being frustrated, you should overcome your frustration and focus on your next day and recover the losses. Quote Link to comment Share on other sites More sharing options...
budado Posted September 13, 2011 Share Posted September 13, 2011 As long you know money management. Risk management and know how to read technical and fundamental analysis you will be in good hand and always earning in the end of the day. And that what important in forex trading. Those three that I mentioned. Because if you don't know one of them you will never going to earn. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 13, 2011 Share Posted September 13, 2011 As long you know money management. Risk management and know how to read technical and fundamental analysis you will be in good hand and always earning in the end of the day. And that what important in forex trading. Those three that I mentioned. Because if you don't know one of them you will never going to earn. Â Learning and developing trading skills is the first step to success in Forex. Even the professionals in Forex have passed those learning curves in their initial stages. The better you learn the more chances will be their to acquire skills and experience in Forex. Once a trader has developed trading skills, I don't think it should be hard for them to earn consistent profits from Forex trading. Quote Link to comment Share on other sites More sharing options...
wasi90lkv1 Posted September 18, 2011 Share Posted September 18, 2011 gaining daily profit is possible i guess, if you trade in an efficient manner. however, probably sometimes you will face losses. gains and losses are parts and parcels in forex trading. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 18, 2011 Share Posted September 18, 2011 gaining daily profit is possible i guess, if you trade in an efficient manner. however, probably sometimes you will face losses. gains and losses are parts and parcels in forex trading. Â As Forex is an unpredictable market, we do get losses but a good trader is that who does not all emotions to overtake his trading and plays a simple game to recover his losses from the upcoming trades. Daily profits is not impossible in Forex if a trader develops all the skills and knowledge in Forex. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted September 19, 2011 Share Posted September 19, 2011 I agree forex is unpredictable and there is certainly risk involved. But those experienced trades, doing many trades daily usually scalp trading, even after closing a good number of trades in loss end up with profit though percentage of profit may vary. Quote Link to comment Share on other sites More sharing options...
wasi90lkv1 Posted September 19, 2011 Share Posted September 19, 2011 i think a forex trader should focus more on monthly profit, rather than daily profit. it is possible to suffer losses sometimes, which is why if the trader focuses a lot on daily profit it can create frustrations. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 19, 2011 Share Posted September 19, 2011 i think a forex trader should focus more on monthly profit, rather than daily profit. it is possible to suffer losses sometimes, which is why if the trader focuses a lot on daily profit it can create frustrations. Â I agree with you in this case. I myself have seen several general forex traders who find it hard to generate profit daily through Forex trading. However, monthly trading is safer as in that case, we dont take several positions throughout the month but stick with a couple of positions to earn something big out of it. Quote Link to comment Share on other sites More sharing options...
wasi90lkv1 Posted September 22, 2011 Share Posted September 22, 2011 one can also focus on weekly profit. one can try to get a certain amount of profit every week, instead of going after daily profit. Â you should choose your goal based on your needs and strengths. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 22, 2011 Share Posted September 22, 2011 one can also focus on weekly profit. one can try to get a certain amount of profit every week, instead of going after daily profit. Â you should choose your goal based on your needs and strengths. Â I have tried going for daily profits and have found that it is far more risky to take several positions throughout the day than taking a couple of positions for weekly or monthly basis. I myself have switched to monthly trading now as I find it a far more safer way to earn... Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted September 23, 2011 Share Posted September 23, 2011 I have tried going for daily profits and have found that it is far more risky to take several positions throughout the day than taking a couple of positions for weekly or monthly basis. I myself have switched to monthly trading now as I find it a far more safer way to earn... Â I also feel it is safer to have longer position until you are not using higher leverage and have enough funds in your account to avoid unwanted closure of your trades by the broker in case of lack of margin money. Though if i have few hours free to trade on forex, i usually trade intraday and close my trade the same day but usually in profit. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 23, 2011 Share Posted September 23, 2011 Â I also feel it is safer to have longer position until you are not using higher leverage and have enough funds in your account to avoid unwanted closure of your trades by the broker in case of lack of margin money. Though if i have few hours free to trade on forex, i usually trade intraday and close my trade the same day but usually in profit. Â The strategy which I am using is simple. I took a position at the support levels, placed a Slot Loss below that level and am holding my position since 2 weeks now and guess what, my position is currently in a profit of about 200 pips. Its just safe for me to handle my trades with monthly trading. Quote Link to comment Share on other sites More sharing options...
budado Posted November 30, 2011 Share Posted November 30, 2011 Â The strategy which I am using is simple. I took a position at the support levels, placed a Slot Loss below that level and am holding my position since 2 weeks now and guess what, my position is currently in a profit of about 200 pips. Its just safe for me to handle my trades with monthly trading. Wow that's good. 200 pips. But what is your profit level? Its seems 200 pips is already a big profit. What pair do you trade? Usually when I hit about 100 to 150 pips I close the trade. Its already a good earning. And just wondering what is your stop loss? If you can tolerate 200 pips earning then its means you also put high stop loss, right? Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted December 2, 2011 Share Posted December 2, 2011 In my view it is quite possible to have continuous profit for few days regularly but then on one day there can also be losses - better to have adequate stop loss to reduce the risk to your capital. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 Yes, you can achieve daily and profits, but that may need a lot of experience and to rely on a successful trading strategy, you can achieve a profit for the way Quote Link to comment Share on other sites More sharing options...
budado Posted January 5, 2012 Share Posted January 5, 2012 Its possible that you have daily loses so its possible to have daily earnings also. That's the best way to earn in forex. always jump in if you have a clear view on the pair you are trading. Because if you don't have a clue then your like walking in the dark. So always try to trade when you have clear view of the trade. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 7, 2012 Share Posted January 7, 2012 But what is the chances or the probability of a trader winning a trade everyday? And I think, we also have to qualify the question and ask what is the probability of a trader of winning every single day for a year or a month. Quote Link to comment Share on other sites More sharing options...
zdaina Posted January 7, 2012 Share Posted January 7, 2012 yes we can make profits daily if we accept the low profits and control our greed . i think we must control our emotion to become this dream true " daily profit" Quote Link to comment Share on other sites More sharing options...
Tariq777 Posted January 10, 2012 Share Posted January 10, 2012 You can't say it impossible, if you are a pro trader and have a target in mind then nothing is impossible... However if you are expect it with a little capital, that's too hard to do so Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 12, 2012 Share Posted January 12, 2012 Yes, we can't say it that it's impossible it will all depend on your ability! But of course do remember that losses will also be there! A thorough analysis before trading that might help you ended up with a profit. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 13, 2012 Share Posted January 13, 2012 Maybe, it is safe to say that this is close to being impossible. But then again, it can be that you will never win all the time, but you will be able to minimize your losses and maximize your winnings that even if you lose a lot, you will still end up as earning everyday. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted January 16, 2012 Share Posted January 16, 2012 It is really difficult to have that daily profit as if we can have the same trades or we can see the signals that the markets always give us daily profit. For sure if we have it like forcing it to have in trades will only means of losses for us. It is still connected to our patience that wanting to have daily profit. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 17, 2012 Share Posted January 17, 2012 I guess, if you have a good strategy. you might be able to get a daily profit. Before, I thought this is impossible but based from what I have been reading in many forex forums (not necessarily paying forex forums only but even non-paying forex forums), some traders seem to be earning daily. I just do not have the means to know if they are telling the truth. Quote Link to comment Share on other sites More sharing options...
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