Anyone Actually Making Money With Forex?

[mostwanteduk]

Hi,

Don't know if this is the right section for this, if not please forgive me.

I just wanted to start a thread to see if anyone was actually making consistent money with a particular forex strategy.

I've been trying on and off for many years but haven't had much luck. When I back test a strategy it looks great but when trading it doesn't work half as well. I've realised most indicators are useless, they look great when you look back on a chart but when trading live they're usually useless.

Just want to get to a stage where I can bag a consistent 20 pips a day. But be in the position where, when I place the trade I'm quite confident that it'll be a winner and also have a small SL.

Anyway, I hope this is the right place to post this and we can start a useful discussion. I'm pretty sure there must be many people on BBHF in the same boat.

[zeeshan490]

Hi i am making 200 to 300 pips per month on average

[cremaster]

I'm going to suggest you:

1)read through several pages of this sub-forum.

2)Find a strategy that is recommended. (and that makes sense to you)

3)Study (and trade) that strategy for as long as it takes till it's profitable for you.


Or else you'll end up like "The Jumper" plaintively asking for course after course...

[lostinheaven]

Mate I understand you...

I already blew real forex accounts...Moved to Binary options...blew account....
Bought "miraculous" indis and systems ...the same shit...
...from my understanding was jumping from one to another and dont stick to one...
cause any system can work but we have to stick to it till, know it perfectly every single piece of it...another mistake I make is being afraid to be wrong...it means that I know what it 's going to happen...another was poor risk and money management...risking to much in one trade...

From all of this I dont consider myself as a loser...but all gave me the knowledge, experience and skills that I have now...I'm sure that I'm on the way...cause what matters is the process itself... I can stay hours looking at charts cause I love it even if I don't get in...yesterday I' ve been like 16h learning and looking into chartes and made 2 trades...

what happens the difference between real and demo...in demo you can risk and wait for the market to go in favour if the trade started to go not the way you expect...while in real if you use the same risk if the trade doesnt go the way you expected account will go to zero.

At the moment I'm still in demo and take care as if it was real... using less risk.

What is helping me a lot is mark douglas psychology of trading.

The startegy I'm testing now is the one posted in the rtm thread:

http://bestblackhatforum.com/Thread-REQ-...et-Academy

and with anil mangal setup about waves

and I'll stick to that of course with some price action experience I have ...my chart at the moment is almost clean, no moving averages etc, only the yesterday high and low and volume...and I use fibs to measure some moves

In march I'll start a new real account. Ill deposit 2000€

[Lumos]

What a terrific query - Mostwanteduk !!!

[sunnyillion]

(02-15-2019 08:09 PM)mostwanteduk Wrote:  Hi,

Don't know if this is the right section for this, if not please forgive me.

I just wanted to start a thread to see if anyone was actually making consistent money with a particular forex strategy.

I've been trying on and off for many years but haven't had much luck. When I back test a strategy it looks great but when trading it doesn't work half as well. I've realised most indicators are useless, they look great when you look back on a chart but when trading live they're usually useless.

Just want to get to a stage where I can bag a consistent 20 pips a day. But be in the position where, when I place the trade I'm quite confident that it'll be a winner and also have a small SL.

Anyway, I hope this is the right place to post this and we can start a useful discussion. I'm pretty sure there must be many people on BBHF in the same boat.

What I'm going to say is not new but here it goes,

Create or copy a strategy.
Used it faithfully on DEMO account.
If its working then used it in live account.

[Maker1151]

I am not a newbie but I am a strategy hopper. I have tried everything from MA crossover to Harmonics. The only thing that I found to work more than 50% of the time is 'supply and demand'. I would say it works 65 percent of the time on fresh levels. With proper money management, it is a profitable strategy but you must avoid revenge trading. I am having trouble with revenge trading so I am speaking from experience.

[cchr]

Quote:I just wanted to start a thread to see if anyone was actually making consistent money with a particular forex strategy

If you wanna be succ3ssful in the Fx market, you should stop jerking off to the money and start F****** real sluts,....you see every successful trade you make it is related to how many orgasms this F****** c*** should get, indeed, the price is your bitch, does the price's been a naughty little girl that should have to be punished?!??! That's up to you,...you are the man, you've got the massive balls, and your are in control not the other way around, indeed, what kinda man are you? Where's your manhood, you see Forex is for the big boys club, the bigger your balls the biggest is your reward,.....but don't be stupid, and do not always think with your d****, because you could get burned,.....

Quote:I've been trying on and off for many years but haven't had much luck. When I back test a strategy it looks great but when trading it doesn't work half as well. I've realized most indicators are useless, they look great when you look back on a chart but when trading live they're usually useless.

First indicators are useless as the woman that can not squirt,....stop using them. Second, do you wanna get your d**** wet?!???! Or do you still wanna jerk off to the couch?!???! If you keep back testing strategies you will be missing your momentum, don't you wanna taste real pussies!!!! Have you ever heard the story of the two Russians sluts???! To make the story short, one smoking hot Russian tells to her friend: "Look at that bitch, who do you think she is with that hair style? She almost 20 and she look like a virgin", now to her guy friend: "You F*** boy, why don't you show her your d**** and make her your whore?!??!" Now the story continues but you get my point right?!??! The price is your bitch!!!!!!Stop whining and most importantly stop following all the scam gurus out there, that's is why Fx is for the big boys club, because it is a private club,...where private informations are exchanged among the top dicks!!!!! Didn't you know that the market is often manipulated usually followed up by a pump and dump, because if the big dicks control the price than the same big dicks control the World (big boys club)?!?!

Quote:Just want to get to a stage where I can bag a consistent 20 pips a day. But be in the position where, when I place the trade I'm quite confident that it'll be a winner and also have a small SL.

Constant 20 pips a day?!??! Have you ever seen me going up to the bar and chatting the hot bar tender telling her that her pussy was dripping wet, and I could smell it a mile away??!?! (I personally have done that, even fucked that cum slot behind the bar) In this case you should say no, because a strategy of 20 pips it is something that the guru scammer like Kishore M would tell to his students, "if you play 20 pips steadily you can be millionaire one day", What a F****** joke this is!!!!!!Have you ever been surfing?!??! The best surfer are the one who knows how to catch the reef promptly with no hesitation, and know how to slide under it bravely till the end, this is how you make money in Forex by knowing when to enter, hedging the wave and exit. And by hedging I do not mean day trading,....I mean hedging overnight,....of hedging over a couple of weeks, or even months,....forget 20 pips, start thinking like a real trader, and most importantly the value of money should be compared to toilet papers, and learn to dominate the price as you learn how to dominate your cum slut!!!!

[EuroTrader]

I sometimes jump-in on Saturdays and this is a great thread mostwantedduk . . .

With all due respect to the unusual reply of cchr . . . I've been trading (CME futures, not Forex) full-time since 1999 and can tell you that SunnyTRIO and cremaster are better starting points for a new or struggling trader.

The market is always right! Therefore, price action is always right. You cannot ever "make the market your b****" as cchr suggests. If someone thinks they can then I would be very interested in hearing them explain how and why technical analysis patterns (triangles, flags, pennants, etc.) work sometimes and fail sometimes -- why trend-line breaks work sometimes and fail sometimes. They should work every time since the market is your b****.

Heck, I still have losing trades most days. Price does what it wants. You cut your losses when wrong and let your winners run a little (more on that below).

The markets (all markets) are a gigantic live auction. Everyone has seen an auction. Some auctions are quiet and dead with old folks sitting around in their nice clothes -- while some are very active with people jumping and screaming, throwing their arms around and the bidding is fast-and-furious. Some start dead and then get crazy and then go dead again. The first auction is the European Bund or the U.S. T-Notes while the second is the DAX or the NASDAQ and the third is the E-Mini S&P. For Forex, maybe USD-CHF and GBP-JPY and USD-EUR.

Professional trading takes a lot of time and effort and patience. It is NOT a get-rich-quick opportunity -- even though you can make a lot of money very fast. That comes after years of putting in the preparation though. Without exception, every person I've tried to teach who refused to listen and did his own thing, and made fast money (sometimes big fast money) lost it just as fast, if not faster, and blew-out his entire account -- just like a lottery winner who is dead-broke in a year or two after winning $1,000,000.00.

How to trade professionally: I will give you (and everyone else who reads this) the answer to trading for a living: Decide what approach works best for your personality (micro-scalping, scalping, intra-day swings, daily swings, or position trading) -- knowing the required account size grows with each type but they also start from hardest to easiest. In other words, micro-scalping requires the smallest account but is the hardest way to trade. Thus, most people start with micro-scalping, are under-capitalized, and lose their accounts. Anyway, after deciding on approach and account size, then find one (1), single repeating price pattern -- that consistently works more than 50% of the time. Study that pattern and when you think you've got it mastered -- study it some more! Then trade that pattern and ONLY that pattern. Look for it until you can see it in your sleep -- or as you drive down the highway. LOL! Make sure your risk:reward is at least 2:1 (twice the profit compared to the risk). Trade on a demo only until you are consistently profitable -- and I don't mean you made money 2-3 days this week on some pattern you found last Saturday. You need to be profitable for weeks, at least. If you can't make consistent profits over time on a demo I can GUARANTEE you will lose, lose, LOSE when trading real-money. Take emotions out of your trading -- someone mentioned revenge trading and that's a big problem, and maybe he/she should be spending more time on a demo . . . Anyway, once you're ready and start slow, with real-money, build-up your account and keep studying the markets and you will #1 master your first pattern and #2 start noticing other patterns that repeat. You simply repeat the process and add those to your arsenal and before long you will be doing like I've done for awhile -- trading price action and making a living from the markets.

A word on indicators: When you're new (or struggling), indicators can help you notice things about price action, until you've trained yourself to see them without the indicators. However, indicators are just plots of mathematical formulas based on prior price and are, therefore, always lagging.

20 Pips A Day: Since I don't trade Forex I started looking for ticks (the same as pips but in CME futures). Years ago, I wanted 10-ticks a day = $100 for a 1-lot. Contrary to what cchr syays, you can make a TON of $$$ on just $100 a day -- or 20-pips. The secret is to master making that small amount consistently and then slowly increase size. So, then, for the same amount of "work" you would be making $200 a day (or 40-pips), then $300 (or 60-pips), etc. That's how I built my account and how every single friend I know who trades size even bigger than me did it. However, a final word of caution: if your R:R is 2:1 -- that means for 20-pips your stop will have to be 10-pips (or less) -- which sounds again like micro-scalping and is the hardest approach. I didn't know this when I started and blew-out two accounts trying to learn how to micro-scalp. I'm not suggesting you or anyone can't do it -- I did so you can too -- you just need more screen time before going live (again, IMO).

Good Luck!

P.S. -- I usually don't check back on threads to which I've replied so if someone asks a question I don't answer, it's because I probably never saw it. PMs work better for me.

* * * * * * * * * * * * * * * * * * * * * * * * *


Entertaining, but I wouldn't start here:

(02-16-2019 09:26 PM)cchr Wrote:  

Quote:I just wanted to start a thread to see if anyone was actually making consistent money with a particular forex strategy

If you wanna be succ3ssful in the Fx market, you should stop jerking off to the money and start F****** real sluts,....you see every successful trade you make it is related to how many orgasms this F****** c*** should get, indeed, the price is your bitch, does the price's been a naughty little girl that should have to be punished?!??! That's up to you,...you are the man, you've got the massive balls, and your are in control not the other way around, indeed, what kinda man are you? Where's your manhood, you see Forex is for the big boys club, the bigger your balls the biggest is your reward,.....but don't be stupid, and do not always think with your d****, because you could get burned,.....

Quote:I've been trying on and off for many years but haven't had much luck. When I back test a strategy it looks great but when trading it doesn't work half as well. I've realized most indicators are useless, they look great when you look back on a chart but when trading live they're usually useless.

First indicators are useless as the woman that can not squirt,....stop using them. Second, do you wanna get your d**** wet?!???! Or do you still wanna jerk off to the couch?!???! If you keep back testing strategies you will be missing your momentum, don't you wanna taste real pussies!!!! Have you ever heard the story of the two Russians sluts???! To make the story short, one smoking hot Russian tells to her friend: "Look at that bitch, who do you think she is with that hair style? She almost 20 and she look like a virgin", now to her guy friend: "You F*** boy, why don't you show her your d**** and make her your whore?!??!" Now the story continues but you get my point right?!??! The price is your bitch!!!!!!Stop whining and most importantly stop following all the scam gurus out there, that's is why Fx is for the big boys club, because it is a private club,...where private informations are exchanged among the top dicks!!!!! Didn't you know that the market is often manipulated usually followed up by a pump and dump, because if the big dicks control the price than the same big dicks control the World (big boys club)?!?!

Quote:Just want to get to a stage where I can bag a consistent 20 pips a day. But be in the position where, when I place the trade I'm quite confident that it'll be a winner and also have a small SL.

Constant 20 pips a day?!??! Have you ever seen me going up to the bar and chatting the hot bar tender telling her that her pussy was dripping wet, and I could smell it a mile away??!?! (I personally have done that, even fucked that cum slot behind the bar) In this case you should say no, because a strategy of 20 pips it is something that the guru scammer like Kishore M would tell to his students, "if you play 20 pips steadily you can be millionaire one day", What a F****** joke this is!!!!!!Have you ever been surfing?!??! The best surfer are the one who knows how to catch the reef promptly with no hesitation, and know how to slide under it bravely till the end, this is how you make money in Forex by knowing when to enter, hedging the wave and exit. And by hedging I do not mean day trading,....I mean hedging overnight,....of hedging over a couple of weeks, or even months,....forget 20 pips, start thinking like a real trader, and most importantly the value of money should be compared to toilet papers, and learn to dominate the price as you learn how to dominate your cum slut!!!!

These are more helpful to a new or struggling trader (IMO):

(02-16-2019 02:27 PM)sunnyTRIO Wrote:  What I'm going to say is not new but here it goes,

Create or copy a strategy.
Used it faithfully on DEMO account.
If its working then used it in live account.

(02-16-2019 07:13 AM)cremaster Wrote:  I'm going to suggest you:

1)read through several pages of this sub-forum.

2)Find a strategy that is recommended. (and that makes sense to you)

3)Study (and trade) that strategy for as long as it takes till it's profitable for you.


Or else you'll end up like "The Jumper" plaintively asking for course after course...

Maybe The Jumper will read my humble post.

[sunnyillion]

Well said @EuroTrader.