Has anyone here made $$$ on forex trading?

[tradermarket]

... In fact have only seem to be depositing more and more each week!...

...What the $%$# am i doing wrong? ..

Hello Steve.

If you are depositing weekly, then I think the principal problem is that you are risking too much per each trade. My suggestion is to learn (read) about money management, because you shouldn ´t be depositing every week, even if you are not making any money. Your account must be alive for the long term thanks to apply a good money management strategy.

Good luck.

 

[investortom]

The odds are against you trading forex, more people would lose than make money that is for sure!

 

[dangap]

The odds are against you trading forex, more people would lose than make money that is for sure!

Because most don't trade, they gamble.
Unfortunately most don't want to do the hard yards like hours and hours of manual back testing a strategy to see if it's profitable. Manual back testing (no EA's) is a must if wanting to be successful in any market, it's where you tie every thing together.

 

[>Apocalypto<]

The odds are against you trading forex, more people would lose than make money that is for sure!

that applies to every market.

 

[Lisa1218]

hi Steve,

I think almost everyone experienced this period...forex is a tough market and I think you can read more opinions from some professionals.


good luck!!!

 

[Jens]

Because most don't trade, they gamble.
Unfortunately most don't want to do the hard yards like hours and hours of manual back testing a strategy to see if it's profitable. Manual back testing (no EA's) is a must if wanting to be successful in any market, it's where you tie every thing together.

Exactly. My personal experience is that it takes years. Not to back test and find a method that works, but to work on your own mentality so you can STICK TO THE PLAN

 

[Robert Brown]

I have made many time $$$ but I also loss some times $$.

 

[Jason73]

Money management and risk, money management and risk, money management and risk, money management and risk, money management and risk...

Work that out and you will profit. It has a lot less to do with the strategy that you use than you might think. There are literally hundreds of strategies out there that you can use to make money. The one that you chose will come down to personal choice. But if you don't manage your risk then you might as well not bother.

 

[James Martin]

Yes, it took a year of trial and error but I've been consistently making $$$ for the past two years.