How did you finally become profitable in forex?

Aug 16, 2019
32
2
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Cardiff
Took me about a year of trading on demo accounts. I finally took the plunge and learned to be good with money. Calculating risk and letting trades play out are two biggies :)
 

mark_t

Newbie
Oct 19, 2019
21
3
4
39
Practice, practice and practice. That is how you will become good at managing your funds and earning well.
 

Baazex

Trader
Oct 28, 2019
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1
14
21
Hi guys, I'm new in this forum.. I just want to ask what did you guys did to finally become profitable with your trading? It seems really hard to me.. But I cant just give up..
Welcome to the Forum and hope you will find it useful, It needs a lot of learning and experience to reach desired profits.
 

DT77

Active Trader
Feb 24, 2019
263
27
34
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I don't agree that you need to pay to get a good Forex education. There are a few quality free training resources out there (like Babypips and Forex.Academy) where you can learn all you need to know to become profitable.
 

fitz forex

Trader
Aug 19, 2019
3
1
7
28
www.fitzforex.com
Thank you so much guys for all the responses here.. I think its really inevitable to not to fail first in this field.. But I believe the important thing is that you not give up no matter what.. I'm back to trading demo account now and so far so good.. I believe that if I double my account in this virtual money that Im trading now would be a good indicator for me to fund my real account again.. More power to us traders!
 

REB_FX

Trader
Feb 8, 2019
65
5
14
35
Mindset and controlling your emotions is the key factor in becoming successful i believe.

It is no easy thing to master!
 
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Jan 9, 2020
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It took me about 12 months of demo and parallel learning/reading to see consistent results. If you want to master something you need to give it time.
I had dreams of flipping a small account into a big account too. And I quickly blew out three of them, all the way down to zero lol
My lessons are: Over-leveraging is a death sentence. Bad risk management is a death sentence. It’s just a matter of how soon are you gonna die.
 
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fitz forex

Trader
Aug 19, 2019
3
1
7
28
www.fitzforex.com
.. I have another question to those who are already profitable in forex consistently.. What days do you usually trade? Like the strategy that Im using now I noticed that it has high probability of winning when the set up occurred during a Wednesday or Thursday.. But if the set up formed on Mondays and Tuesdays it usually fail.. Do you guys notice this also with your strategy? I would really appreciate the replies..
 
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REB_FX

Trader
Feb 8, 2019
65
5
14
35
.. I have another question to those who are already profitable in forex consistently.. What days do you usually trade? Like the strategy that Im using now I noticed that it has high probability of winning when the set up occurred during a Wednesday or Thursday.. But if the set up formed on Mondays and Tuesdays it usually fail.. Do you guys notice this also with your strategy? I would really appreciate the replies..
Interesting question, personally not noticed a difference in success rates, but a general rule of thumb is i do not trade till Monday evening and do not enter on Fridays.
Mondays I find the set-ups are still forming and adjusting from Market open, so avoid being caught out an entering to early.
Fridays - personally do not like to hold trades over weekends so this forms part of my strategy but not based on success rates trading those days.