Menu

How to make money forex

4 Comments

how to make money forex

Man, can anyone really make money in Forex then? The quality of learning you put in will determine the quality of trading you pull out of Forex. Is learning how to trade Forex difficult? It is challenging in a good way. Many even get addicted. But the ultimate goal to find financial freedom and stability trading Forex drives everyone from beginner to advanced trader with ever growing inspiration. Otherwise why would I keep a website about it: What is the quickest way to earn money in Forex for a newbie? Have a friend who already earns money in Forex share his trading system with you. What is the other quickest option? Buy a system that works. Where can I get such system? Why would anyone sell a system that really works? Because it is unreliable in the long run. I saw many systems for sale. How can I tell which one is good? Usually the more money sellers ask, the better they feel about it. Grrrr… So what should I do? I want to trade Forex! And I want to build a house on the moon. While my wish is not possible at least nowadaysyours is very how so! Trade it, but first learn how to trade it. Where can I learn? Start from free how resources. Well, majority of them is of a poor quality! Bad webmasters and bad traders create lots of poor quality, spam-like sites… Some, as well, like to steal information from other reputable websites. So, you tell me to go online and read about Forex? Anything else I should do forex the first place? Open a demo account with any Forex broker. Wa-a-a-a-it, I have so many questions left! Pleeeease, one more question You have a beautiful smile, well, go ahead, one more…. Any warnings about Forex I should know? Glad you used your chance to ask a good question. Forex marketing industry is tough. Hmm… a trap… Demand creates supply: The same is about live trading. You are doomed to lose if you know little about trading and risk management. Learn on your own, trade demo for some time — you must cover basics on your own. Talk about the holy grail!!!! Tell us the true ads give you more money than FOREX??? With ads I can buy an average dinner once a month. They are probably more of a decoration than income, unlike Forex. This post was indeed for newbies. Yeah, I was in a good mood and so I wrote this dialog: By the way, you are one of the few brave guests, who actually talks to me. Everyone who has something to say, criticize or comment is my best guest! It looks complex, when you open charts first 10 times, and then figure out how to set first 10 trades. Everything else is the matter of observation, rules and persistence. I think I started to SEE things on Forex charts after few months of pure observation. By that time I also started see charts in my dreams: Learn to observe charts. You have to combine tools, depending on their qualities. In other words you have to create a system - a set of rules upon which you will trade. Observation will allow you to create those rules. What I did and still love to do, I write my observations down, everything I find interesting. Oh, nearly forgotten, the MASTER of all Forex tips: Money all guess work! If making a Holy Grail trading system in Forex was so easy, we all would be millionaires by now… Hmm, I think I said this few times already…. Open Daily charts of any currency pair. Add Bollinger bands indicator2add 20 EMA. Everything above middle Bollinger band line favors buyers, while below - sellers. Same for 20 EMA - everything above it favors buyers, below - sellers. Price going beyond Bollinger band lines indicates a strong pressure. While the pressure rises, traders enjoy a strong price move. Now it is your turn to continue the story…. You will make the right decision if you learn on your own first. I started explaining why and the answer has grown quickly, so I made a dedicated page, which I invite you to read. Hi Forex Lord of Darkness! Glad to see so many great advices. You mentioned using Bollingerband ,2 with 20 ema on daily chart on any currency pairs to identify the volatility, buyers and sellers…but what did you actually wanted to convey are you trying giveout any strategy or just wanted to expalin price action. I will be glad to learn from you. Hi fx scalper, It is a money, a wrapper, if you wish. It helps to collect initial data at a glance and know who is in control buyers or sellers and how strong they are. Everything else, the stuffing, is up to a trader. Anybody interested in staying away from scams and finding systems that work should check out www. Well, this is by far most amusing TRUTHFUL site about Forex. Great legit site for learning FOREX: Very good layout and step by step learning. Hello Forex Dark Lord thank you for your forex advise and information. I would like to ask you for your opinion. I was buying and selling now and than currency at the cash desk between several casas de cambio - exchange office takink advantage of the exchange rate moves and I still do it. But last year I discovered the Forex Market, the incredible easy and fast system to change money. I am trading on a demo platform since 6 months and I never got killed until I used the leverage. Now since 13 weeks I do it like at the cash desk, I trade with my own money only. In the 65 days I made plus and minus pips, but the trading day never ended with a lost. My goal is 50 plus pips a day, sometimes I make less sometimes more but the week ended up to now always with about — pips. I do not think I have a super system that works. I belive that Fibonacci numbers, Pivot points and many other indicators are very intelligent, proofed and helpful, but I do not use them. I only put the trendlines on the charts and never go against the trend. I never use the leverage. When Forex have a wrong, very sick position and the market goes against me, I do nothink. I am then 50 — pips in minus but I do not get killed and I wait some hours or 2 days until I get green numbers, pay the rollover and close the position with 30 — 60 pips plus. This happend very seldom. I have no significant experience with Forex, so it is strange that my statistic shows me only positiv results. Am I only a lucky guy that will lose his money on the real account? So I am giving up my day job tomorrow to try and make some money in Forex. Will I survive or wlil I dive? Am I a beginner? Everyone has told me that I will lose money! Shall I buy a trading solution? I looked at one and did get a call from a broker telling me that this IS the system I should buy! Well I will let money know… see part 2 in time to come. Are you just a lucky guy on Demo? Depends on whether you use trading stops at all, especially when you leave your trades over night. However, one day when you decide to leave your losing so far trade unprotected, a market will shoot out and a trend will be established. In this case, nothing will save you from a disaster. Waiting for a market to return back may never happen again for months, or even for years. Reconsider your trading method by including a stop loss. Hi Forex Dark Lord, this week on Tuesday the And the EUR fall on the level 1, and I had to bath in the morass till Friday. But I understood this is a very dangerous strategy. The EUR could fall and fall and not return for months. It was a bad week with a happy end but I am sure I have to use the stop loss. And today I read your opinion and you describe exactly what I thought during the week. One day could disappear my luck and my account. Thank you for your opinion and your advise, I will do it so. Lots of hours spent on earning little money with a high risk factor. Could you at least tell us if after all your experience are you able to live money from trading? I mean a typical salary, nothing fancy, like an office worker for example. I agree with alot of this…forex looks like a challage, which sounds like it is for me…. I will do the research…make a plan…this website confirms my gut about all the forex hype…thanks agian. What do you say about a strategy based on historical data - 5 yrs. About 60 trades a year and yearly profit pips. I opened live account but I still test this strategy on demo account. Do you think that it can work? The decision buy or sell is made by maths. Only macroeconomic data, no charts, no thinking, no news. Stoploss at difference 0, Keep working and enjoy the process! I opened a demo last Oct at Forex. After months of just studying charts, I began to see certain paterns, especially on the 4 hour charts. Back to the demo! I average about 1 trade per week, on the rare week picking up two but have also gone two weeks without a single trade. Forex truly is as easy as it appears. Truly believing in easy money is difficult. The multitude will bombard you products promising to reduce the uncomfortable uncertainty make trading. The key is to get comfortable with the uncertainty. Let me repeat, the key is to get comfortable with the uncertainty, it is the forex of the business. The concentration and heavy pitch of these programs speaks for itself. Be patient with forex you have now and take some of the excellent advice above. Hi Forex Dark Lord, Thanks for your excellent site. I have been demo trading for over 5 months and unfortunately I havent seen any strategy that work consistently. PLS PLS could you direct me to any method that could guarantee about 20 to 30 pips a day. I am newbie and reading to all of the comments in sites and all is very discouraging because I have not seen somebody who really succeed in FOREX. Those who are making money in Forex. I take small risks and never look to make big money in Forex, so I earn moderate profits, which keep me happy, nothing fancy. Now I can pay for things out of my earnings, which inthe UK are tax free. But, Forex traders who trade successfully - now I count myself one of them - are not arrogant, macho, omnipotent. The market does not care if you gain or lose, thrive or die. It will be there in one form how another when all of us are dead. It is a hard won friend and a mortal enemy. But is defies any other money making method. You can make money without selling a damn thing and without adding value to how. Thanks for making this site available. Anyone have success with this indicator? Any time frames are suitable, only your profit goals will be different - more pips with higher times. What about news trading sistem? If you already writed about that, sorry, this is the first time I enter your site: Majority of news trading systems will show you how to lose your money the fastest way. It is a tricky and very risky game, not for noobs and not for intermediate traders either. Only few probably, very few…. Forex trading is very difficult but success can be attained with hard work. Treat it like a business. Keep your risks minimal and get into the habit of using stop losses. Successful traders, the smart onesare not afraid to admit their mistakes in trades and close out their positions. Believe me, you can save a ton of money this way. As for the demo accounts, be aware that they are generally more superior to the live accounts. With one exception, there is a demo account that allows only OCO trades due to regulation changes. So I closed my acount and went overseas to UK where limit and stop losses can be manually activated with the same broker. I suspected they were big risk takers as well. Do some research on the brokers, especially the complaints. A few questions please: The stop should answer a simple question: At that level you should have you stop, not before it, not after it. It was really fun reading your comments on this coven. Especially as a newbie i am leaning a lot. I just need to how how to know a support and a resistance. What you read is true, and it is one of the most important aspects of Forex trading. The Lord of the dark have spoken, heed his words and listen to his commands, they will not fail you, his words are the words of truth. Make have a fairly good chance to make profits. If it is going to be your first time trading live, then expect some turbulence first few days, possibly a week, as your mind settles with the fact that now it is for real. It works, believe me!! Hi, thanks for your posts. I am brand new to Forex trading. I am using my second practice account. The first one I had no clue at all what I was doing. This time, I am slowly learning some basics. I am developing my own system based on my obersvations, mistakes and market knowledge. I cannot see myself ever buyng someone elses system. Why would someone sell a system that already made them rich? I think they are selling fiction. The next area I have to understand is margin leverage. Any comments you have regarding maring leverage would be apprecited. The higher is your leverage, the lower is your margin. Here is where the interesting stuff begins: So, will you trade 1 lot with Your best bet is to go for a mini or a micro lot. If you choose a higher leverage, your margin requirement will drop, say with This is good as long as you keep your head cool. Thank you so much! That is exacly the way I understand it! Thanks for the confirmation. I was thinking 10, mini lots. Most people do very good on demo accounts and applying the same strategy when using actual money most of them lose. This is to be expected but there are way too many cases of this happening. Is there something going on? Are the companies administering the account scamming people? Is there a list somewhere of trusted sites? Demo trading is psychologically much easier. There are also scam brokers in the Forex industry who can help you lose: Your best bet is to read reviews about brokers, and also read few articles on How to choose Forex brokers. During the coming weeks i will like some insights on forex rules i hope you can accomodate me. My Master, What is the hidden risk side of playing a demo account? Seems like I am earning a little bit too much like what it supposed to be. Im very interested in getting a Forex robot to trade for me. I have heard great things about forex robots, But I am not sure which forex robot works the best. Im a new to forex completely and Im just looking for an automated way to make money from home. Would you even recommend trading with a forex robot at this current economic time? How much many can make with a forex robot and what is the best forex robot from your personal experience. Bye the Bye, I am residing in India. If I want to earn Rs. Which system I need to choose. Where do you stay? Is it possible to mee u? Nice site and thank you for saving some souls hopefully. The truth is - the only one who profits big from the Forex is the middleman broker or etc. This is lossless situation for them and roller-coaster for you as your money drains down… you know what I mean… Mathematically it is really difficult to find any possible way to profit constantly from Forex. Of cause it is up to you, who to believe, but I hope I saved someone a day or two of their lives. Pursue some true goals in life, unless you have nothing else to do, having fun as a type of casino-style entertainment, or are rich already and do not afraid and can afford to loose: Otherwise, I recommend - stay away. I hope you understand what I mean. I will be among your most frequent visitors, i think. Umm, no one makes a living from forex trading. You must be logged in to post a comment. Can anyone really make money in Forex? Forex Spreads To buy or not to buy a Forex system: Posted on September 27th, by Forex Dark Lord. Good luck my dear friend! Make success be always with you! Pleeeease, one more question You have a beautiful smile, well, go ahead, one more… Any warnings about Money I should know? Once make, good luck! My Master nothing new!!! Forex Dark Lord Sep 30, at 4: Marjie Oct 4, at 1: I told you not to trade yet!!!! Thanks from a noobie: Forex Dark Lord Oct 21, at 5: If making a Holy Grail trading system in Forex was so easy, we all would be millionaires by now… Hmm, I think I said this few times already… Good luck, my friend! Now it is your turn to continue the story… Good luck! Forex Dark Lord Oct 22, at 6: Nice site, My Lord. I will add a link to my page. Forex Dark Lord Nov 2, at 8: Brandon Nov 7, at 5: Bravo Nov 13, at 9: Vladimir Feb 14, at 9: Hey So I am giving up my day job tomorrow to try and make some money in Forex. Forex Dark Lord Feb 17, at 3: Hey, oilyblues Do come back with an update! I wish you good luck, and hope to hear from you soon. Vladimir Feb 22, at 2: Raf Feb 25, at 7: Forex Dark Lord Feb 26, at 5: Konrad May 19, at 2: Forex Dark Lord May 24, at Genghis Jun 3, at 7: Forex Dark Lord Jun 6, at 9: PaleRider Jun 17, at Pip Netter Jun 19, at Great concise info, Dark One. Remember that the market can and will do anything, at any time. Bagheera Aug 22, at 6: Forex Dark Lord Aug 23, at 4: Forex Dark Lord Aug 23, at DragonFireJay Aug 25, at 5: The first honest forex forum i have seen, thank god there are normal people out there…. Still have not met anyone who successfuly trades forex. Galleon Sep 2, at 3: Forex Dark Lord Sep 2, at 3: Sep 14, at 1: Xerof Sep 20, at Forex Dark Lord Sep 20, at 5: Crys Sep 27, at Forex Dark Lord Sep 27, at 1: The Oz Oct 23, at 4: Grim Nov 3, at Forex Dark Lord Nov 3, at Forex Dark Lord Nov 9, at 6: Hermes-x-3 Nov 30, at 5: Forex Dark Lord Dec 1, at Llano Dec 12, at BootBoy Dec 18, at 8: Forex Dark Lord Dec 19, at 2: Sure, The higher is your leverage, the lower is your margin. Hope it was helpful. BootBoy Dec 19, at 2: Gil Jan 5, at 4: Forex Dark Lord Jan 9, at 4: Billy Chai May 10, at 5: Forex Broker Review Oct 30, at Prabhakar Jun 4, at 2: Hoping to receive a favourable reply for the above lines, at the earliest. Hi Dark, Nice site and thank you for saving some souls hopefully. Kudos to Dark, Drugelis P. Tatiana Belarus Oct 3, at 9: Realistic Oct 5, at 8: Dodo knorr Oct 21, at Discussion Area - Leave a Comment You must be logged in to post a comment. HOME Beginner Forex… loser? Forex Lord of Darkness awakes! Your Forex System Truth about Forex brokers Forex Scams Subscribe.

Introduce to Forex Trading - How To Make Money With Forex Trading 2016

Introduce to Forex Trading - How To Make Money With Forex Trading 2016

4 thoughts on “How to make money forex”

  1. alexxandre says:

    The presence of the river at the conclusion of the novel carries strong spiritual connotations that are developed throughout the entire narrative.

  2. alexandr69rus says:

    Keywords: optimism, pessimism, depression, embodied cognition, hemispheric asymmetry, cerebral lateralization, laterality, handedness INTRODUCTION Optimism and pessimism - expecting a positive or negative future - are distinct modes of thinking that are best conceptualized, not rigidly and dichotomously but rather, as a continuum with many degrees of optimism and pessimism.

  3. Alex_V_SH says:

    In order to be an Old Testament scholar, one must have a firm grasp of Hebrew.

  4. AnimeFighter says:

    He supports this claim by saying that, people who reported to have used avoidance in response to a hypothetical situation in which their partners wanted the relationship to become more intimate, they turned out to be misunderstood.

Leave a Reply

Your email address will not be published. Required fields are marked *

inserted by FC2 system