{"id":6555,"date":"2019-03-11T07:59:37","date_gmt":"2019-03-11T07:59:37","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=6555"},"modified":"2020-07-11T07:41:10","modified_gmt":"2020-07-11T06:41:10","slug":"is-forex-trading-profitable","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/","title":{"rendered":"Is Forex trading profitable? What Is it the truth?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#How_Forex_trading_can_change_your_life\" >How Forex trading can change your life?<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#By_Guy_Avtalyon\" >By Guy Avtalyon<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#Is_Forex_trading_profitable\" >Is Forex trading profitable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#How_to_make_money_trading_Forex\" >How to make money trading Forex?<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#Will_you_always_win_in_Forex_trading\" >Will you always win in Forex trading?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#Forex_trading_is_it_worth_it\" >Forex trading is it worth it?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#Trading_Forex_with_leverage\" >Trading Forex with leverage<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#Lets_see_a_different_example\" >Let&#8217;s see a different example.<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#Using_sentiment_can_shift_the_odds_in_your_favor\" >Using sentiment can shift the odds in your favor<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/is-forex-trading-profitable\/#The_bottom_line\" >The bottom line<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"How_Forex_trading_can_change_your_life\"><\/span><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6440\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-market-the-differences-with-other-markets-2.jpg\" alt=\"Forex market - The differences with other markets 1\" width=\"800\" height=\"565\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-market-the-differences-with-other-markets-2.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-market-the-differences-with-other-markets-2-300x212.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-market-the-differences-with-other-markets-2-768x542.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-market-the-differences-with-other-markets-2-370x261.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-market-the-differences-with-other-markets-2-760x537.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-market-the-differences-with-other-markets-2-424x299.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>How Forex trading can change your life?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h6><span class=\"ez-toc-section\" id=\"By_Guy_Avtalyon\"><\/span><a href=\"https:\/\/www.linkedin.com\/in\/guy-avtalyon-67941b54\/\">By Guy Avtalyon<\/a><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p><span style=\"font-weight: 400;\">One reasonable question that comes up a lot is: Is Forex trading profitable? <\/span><span style=\"font-weight: 400;\">So many times this question comes from traders or people that want to get into the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Foreign_exchange_market\">Forex market<\/a>. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That&#8217;s because only 5% of traders are successful.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The others cannot find any success with their tradings. \u00a0Maybe they are not able to recognize the right approach<\/span><br \/>\n<span style=\"font-weight: 400;\">When we say \u201ctrading approach\u201d, we don\u2019t just mean their trading strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your trading approach is much more than a trading strategy and we will cover that later.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The brief answer is yes. Forex trading is profitable. <\/span><span style=\"font-weight: 400;\">The trading in the Forex market is profitable but chances are you won\u2019t make any money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you do not understand the risk or you don&#8217;t know how to manage your trades in the right way, you will lose. <\/span><span style=\"font-weight: 400;\">Let&#8217;s say, if you are risking too much per trade to resist a series of losing trades, you will be out of trading faster than you can imagine.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you continue to move your stops to avoid a loss, you will finally lose your account. \u00a0Only your broker will be happy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can become a profitable Forex trader but it depends on several factors. Some of those you can control, and others you can\u2019t.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Everyone comes to the forex market for a reason. Some come solely for entertainment, the others to become a professional trader. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the good news is that there are things you can do to speed up the process. In other words, you can learn from other traders&#8217; mistakes.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_Forex_trading_profitable\"><\/span><b>Is Forex trading profitable? <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The fact is that many investors haven&#8217;t had the success trading Forex they had imagined. Their experiences cast a bit of doubt on its viability as an investment choice.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, for a market that trades around $5 trillion daily in volume, it stands to reason that there are traders profiting from Forex trading. Otherwise, people would avoid the Forex market. But it is not the case.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The right question to ask is how to trade Forex profitably and how to be <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/03\/simple-forex-trading-strategy\/\">systematically gain a profit<\/a> in Forex. <\/span><\/p>\n<p>So, Forex trading is profitable if you have to know how to achieve it.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_make_money_trading_Forex\"><\/span><b>How to make money trading Forex?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the forex market, you simply buy and sell currencies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Placing a trade is simple. The modus operandi of trade is very similar to other financial markets, for example like the stock market. So, if you have any experience in trading, you should be able to set it pretty quickly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The aim of forex trading is to exchange one currency for another in the expectation that the price will change.<\/span><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6556\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-trading-is-profitable-is-it-the-truth.jpg\" alt=\"Forex trading is profitable - Is it the truth?\" width=\"800\" height=\"415\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-trading-is-profitable-is-it-the-truth.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-trading-is-profitable-is-it-the-truth-300x156.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-trading-is-profitable-is-it-the-truth-768x398.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-trading-is-profitable-is-it-the-truth-370x192.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-trading-is-profitable-is-it-the-truth-760x394.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/03\/forex-trading-is-profitable-is-it-the-truth-424x220.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><em><span style=\"color: #00ccff;\"><strong>Most popular currency pairs<\/strong><\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">More concretely, that the currency you bought will increase in value compared to the one you sold. <\/span><span style=\"font-weight: 400;\">If you are applying the trading plan in a consistent way, you should be able to receive the rewards from your trading plan.<\/span><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Will_you_always_win_in_Forex_trading\"><\/span><span style=\"font-weight: 400;\">Will you always win in Forex trading?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><span style=\"font-weight: 400;\">No.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will take a loss and many in a row. \u00a0You will see your account varies. It can be depressing to see sometimes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The vision of your trading system is what should keep you fixed to your trading plan even when an equity curve going down.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yes, you will have losing days. <\/span><span style=\"font-weight: 400;\">These are the facts of trading.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are asking about being profitable over the long run, the answer is yes. But only if you are trading a positive outlook trading strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One month of not being profitable does not make for the trading fiasco. <\/span><span style=\"font-weight: 400;\">It is assumed. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You must predict and plan to lose, and also, you have to assume that you will face the biggest loss of your trading work in the future. <\/span><span style=\"font-weight: 400;\">Expect that a multiple of risk loss is just around the corner.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It will remind you that the biggest trading job is to protect your trading capital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You must have 3 things on your mind. Always.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Forex_trading_is_it_worth_it\"><\/span><b>Forex trading is it worth it?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Forex trading isn&#8217;t a get rich quick opportunity.<\/p>\n<p>Opposite to what you\u2019ve read, Forex trading is not going to take your $5,000 account and turn it into millions. The volume we can earn is defined by the sum of money we are risking.<\/p>\n<p>The old saying \u201cIt takes money to make money\u201d is exactly what Forex trading related to. Of course, that doesn\u2019t mean it is not a profitable venture.<\/p>\n<p>You have to know, there are many successful Forex traders that trade for a living.<\/p>\n<p>How do they do it?<\/p>\n<p>They have gradually improved over time and increased their account to a level that can create a sustainable income.<\/p>\n<p>Have you heard about traders that are targeting 50%, \u00a0or 100% profit per month?\u00a0 Yes, but the risk they are taking on is going to be pretty comparable to the profit they are targeting.\u00a0 In short, in order to attempt to make a 50% profit in a month, you have to be prepared to see a loss of around 50% of your account.<\/p>\n<p>Even if you trade with an edge. Your return should be positive, but without leverage, it is\u00a0going to be a small amount.<\/p>\n<p>Forcing leverage into the mix is how traders attempt to target extreme gains. In turn, it is how traders can produce extreme losses. Yes, leverage is beneficial up to point. But there is one danger possible, it can turn a winning strategy into a loser.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trading_Forex_with_leverage\"><\/span><b>Trading Forex with leverage<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The leverage as a winning strategy to lose money <span style=\"font-weight: 400;\">But extreme <a href=\"https:\/\/traders-paradise.com\/trading-dictionary\/l\/leverage\">leverage<\/a> can ruin a profitable strategy.<br \/>\n<\/span><\/p>\n<p>Most novices minimize the possibility that loss leverage can ruin their accounts.<\/p>\n<p>Understanding leverage enough to know when to use it and when not to use it is important to your performance!<\/p>\n<p>Leverage is a very great tool but some traders use it to damage their trading capital. It is because they take their destructive force too easily or ignore it completely. Anyway, high leverage is something that most of the forex broker will like, it&#8217;s their preferred selling point.<\/p>\n<p>They&#8217;ll tell that you can make a huge gain using huge leverage. Even one pip is important to them. But you have to know that you could easily be destroyed by huge leverage also.<\/p>\n<p>Let&#8217;s say you have a coin that may earn $4 if it hit the heads. But when tails are hit, you will lose $2.<\/p>\n<p>Would you like to flip that coin?<\/p>\n<p>We guess you would flip that coin.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Lets_see_a_different_example\"><\/span><b>Let&#8217;s see a different example. <\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Let&#8217;s say you placed the trades by following some other trader&#8217;s acting. <\/span><span style=\"font-weight: 400;\">And she or he ended up with higher equity relative to you. <\/span><span style=\"font-weight: 400;\">That trader&#8217;s net profit\/loss (P\/L) was positive while your P\/L was negative.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are two main points.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you have a losing trade, high degrees of leverage destroy your capital base. Moreover, it is forcing you to change your future trade sizes or deposit more funds.<\/span><\/p>\n<p>If you have a conservative approach and use the amounts of leverage according to that trading style, your equity P\/L tracks your net pips P\/L. <span style=\"font-weight: 400;\">Though you place trades in hopes of it working out in our favor, you must be prepared if it doesn\u2019t. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Part of that preparation is a result of managing an appropriate amount of leverage. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Using_sentiment_can_shift_the_odds_in_your_favor\"><\/span><b>Using sentiment can shift the odds in your favor<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Actually, we are talking about using the <a href=\"https:\/\/finance.yahoo.com\/news\/read-ssi-155700355.html\">Speculative Sentiment Index (SSI)<\/a>. You can find a lot of articles on this subject.<\/span><br \/>\n<span style=\"font-weight: 400;\">You can find that it is the best tool ever used. And it a part of almost every trading strategy that experienced traders use.<\/span><br \/>\n<span style=\"font-weight: 400;\">SSI is a free tool that tells us how many traders are long compared to how many traders are short each major currency pair. <\/span><br \/>\n<span style=\"font-weight: 400;\">What does it mean?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It means to be used as a contrarian index where you want to do the opposite of what everyone else is doing. <\/span><br \/>\n<span style=\"font-weight: 400;\">Using it for your trades you can turn around your work as a trader and become more successful.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"The_bottom_line\"><\/span><b>The bottom line<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">When you ask if Forex trading is profitable, you must have all of this on your mind.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If there is one word to describe the best trader, it would be &#8211; consistency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trading currencies are all about implementing a trading plan. With consistency. Traders that do everything in a consistent way are holding to a proven edge. <\/span><span style=\"font-weight: 400;\">It is difficult to find the right way if you are constantly switching speed.<\/span><\/p>\n<p>Once again,\u00a0Forex trading is profitable.<\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t waste your money! Do smart trading.<\/span><br \/>\n<span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Forex trading can change your life? By Guy Avtalyon One reasonable question that comes up a lot is: Is Forex trading profitable? So many times this question comes from traders or people that want to get into the Forex market. \u00a0 That&#8217;s because only 5% of traders are successful. The others cannot find any [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":10296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1014,1012],"tags":[125,164,839,824,104],"class_list":["post-6555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex","category-traders-secrets","tag-forex","tag-forex-market","tag-forex-trading-is-profitable","tag-fx","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Forex trading profitable? 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