Is forex trading profitable?

Is forex trading profitable?

I think this is a question that is asked a lot.
Is Forex Trading Profitable?
Around us, we hear many stories from successful people on the forex market, but also from people who have lost a lot on the forex market.
What exactly is this and why is one trader profitable and the other not?

Let me start with the fact that Forex trading is not a get rich quick system.
It takes months and maybe years of hard work, studying a lot, but also getting to know “yourself” very well.
In the beginning of your Forex career you will probably bump your head a lot and probably lose some money as well.
(Or maybe everything if you don’t have a good money / risk management.)
And this is often the point where many traders will fail and give up.
They will say that the Forex market is not profitable.
But what they don’t ask themselves is why it didn’t work?
And when they start to ask themselves that question, I often hear the same answer.
Mostly there are only 2 reasons why they keep losing.
I’m going to tell you this now.

1. Keeping yourself under control. / Is forex trading profitable?

Often the strategy is fine.
But the most common problem why traders keep failing because they can’t control themselves.
And what do I mean by this?
This has everything to do with the psychological aspect.
I think that as a trader or if you are just starting to trade you get to know yourself very well.
Not only in trading but also in your daily life.
You are confronted with yourself which can be very nice if you can also change this so that you become a better and stronger person.
Okay, now back to the core of the story.
What I often see when I look back at the lost trades with a losing trader, there are a number of things that immediately strike me.

Number 1 is perhaps revange trading.
Where the trading day first started well in control, you lose a trade. (Which is not a bad thing because everyone loses a trade once in a while!)
He then lets go of all control and takes all trades after that without a clear trading plan.
Or the lot sizes increased to make up for the lost money.
What eventually happens is the first 100 euro loss in the first place, eventually becomes thousands of euros loss at the end of the day.
Only by revange trading just because he wanted to make up for his loss.
Overtrading, too high lot sizes, letting go of the trading plan, no longer using your strategy properly.
Therefore, always review your trades at the end of the day.
What went well? and what went wrong?
You will eventually learn a lot from this.

2. Risk management. / Is forex trading profitable?

Okay now point two.
Did you know that a lot of traders also fail at not having or having poor risk management?
And how important do you think that is in trading?
Exactly very important!
Because without good risk management you can never become profitable in the forex market.

Imagine we have 2 traders.
Peter and Mike.
Peter has a win rate of 8/10 trades and Mike a win rate of 6/10 trades.
Who will be more profitable in the end?

Okay, we don’t know anything about their risk management yet.
Peter doesn’t really use risk management.
And Mike uses very good and tight risk management.
Who do you think is more profitable now?

Good job Mike of course!
Mike uses a risk of 1% over his entire account balance and aims for 2 to 3 percent which equates to a risk to reward of 1 to 2 to 1 to 3.
So even if Mike loses 2 out of 3 trades still makes overal 1 percent profit.
So the message of the story is where peter sometimes risks 20% to 30% of his account in just 1 trade.
Will Mike eventually last longer because he sees everything in percentage and uses his risk management wisely.

Is forex trading profitable?

Do you now understand how important good risk management is?
Often even more important than a good strategy!
Only you can limit your own risk.

Conclusion.

Forex trading is definitely profitable if you do it the right way.
So you do not only need a good strategy, there is much more to it.
And no you really wouldn’t be able to earn a lot of money in a day or in a week on the Forex market.
It takes time and experience! But it is certainly not impossible!

I hope that with this blog I have been able to give you some more insight into whether you can be profitable with trading forex.

Do you want to become Success Supply and Demand Trader or want to know more about Is forex trading profitable?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

How to trade Supply and Demand?

How to trade Supply and Demand?

How to trade Supply and Demand?

In this blog I will talk about how you can trade Supply and demand.
Let’s start with structure.

Structure.

If you want to learn how to trade Supply and Demand, it is also important to know the structure of the market well.
We are talking about a number of market phases through which the price passes.
I’ll tell you a little more about this now.

The prize goes through these different phases:

  • Accumulation
  • Reaccumulation.
  • Uptrend.
  • Distrubition.
  • Redistrubition.
  • Downtrend.

How to trade Supply and Demand?

How to trade Supply and Demand?

  • Accumulation: Accumulation is a sideways range in which institutional players buy carefully and skillfully, without moving the price.
  • Uptrend.
  • Distribution:  After a while, the uptrend ends and then changes to a distribution stage in which the smart money players sell the remainder to the small retail traders.
  • Downtrend.
  • Reaccumulation.

Now that we understand the different market phases, I will also explain the rules of Supply and Demand.

Laws of Supply and Demand.

Law of Demand: The higher the price, the less the demand. (Buyers are reluctant to buy at a high price.)
And the lower the price, the higher the demand. (Buyers are eager to buy at a low price.)

Law of Supply: The higher the price, the higher the supply. And the lower the price, the lower the supply.

Supply and Demand zones.

When trading Supply and Demand it is of course also very important to draw your zones correctly.
In my course I will tell you all about this. How do you find the perfect Supply and Demand zones.

But what are we actually looking for when we search for Supply and Demand zones?
What we want to find at the price zones where supply overwhelms demand and where demand overwhelms supply.

Supply zones: When the price enters the Supply zone, the price will likely fall. And you can earn with a Sell position.
Demand zones: When the price moves into the Demand zone, the price is likely to rise. And can earn with a Buy position.

But of course it is not all as simple as described above.
We will look for a good Sell position when the price enters the Supply zone.
But please note that we also pay attention to all other aspects before we can take an entry.
We also have to keep in mind that a Supply zone can become a Demand zone.
Just look at the image below.

How to trade Supply and Demand

How to trade Supply and Demand?

Above we see an example of how Supply changes into Demand and that can also be done the other way around.
Demand changed to Supply.

I have already briefly explained how you can trade Supply and Demand.
Below I’ll give you some explanation in a video.

Do you want to become Success Supply and Demand Trader or want to know more about How to trade Supply and Demand?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

 

Online forex trading course / Is it worth it?

Online forex trading course / Is it worth it?

Online forex trading course / Is it worth it?

You are probably interested in trading forex or you are looking for a good forex trading course but you are not sure what to do.
Because is a forex course worth it?
After all, we now live in a time when you can also find a lot of information for free on the internet.
I mean google and youtube are these times of information seeking our best friends.
So if you can easily find the discipline yourself to learn from all the free and good information you can find online then you should definitely do that.
But I also know from experience that because of all that information you sometimes no longer know where to start and how exactly you can find a good working strategy.

But now let’s talk about the forex courses and training, are they worth spending your money on?

If we take a look around we can find forex courses, training and mentors everywhere.
We all know that the financial markets can be complex.
They offer a wide array of arenas and instruments one can trade.
There are all kinds of methods and techniques for identifying good trades and making money management decisions.
And there are scores of products and services intended to teach you how to play the market and/or help you do so.
While there certainly are some of dubious character operating in this field, as in any business,
the vast majority of the people providing such offerings are honourable folks with the best of intentions.
Most forex courses teach you to trade in the right steps and in the right order.
So if you are looking for a good Forex trading course, take a good look at what they teach you.
It is important that in addition to offering a strategy to be learned, you also learn the tricks of good risk / money management.
And don’t forget that the psychological aspect also plays an important role.

What should you choose? Online forex trading course.

When choosing the right forex course you start by delving into the different strategies and techniques that exist.
If you have made a choice for yourself, you will of course look for the course or mentor that best suits your needs.
Then it is of course also important that you check whether there are reviews and experiences about the course or mentor so that you are not scammed.
We know, of course, that there are many good mentors and courses.
But unfortunately there are also a lot of scammers active in the world of learning to trade forex.
So watch out!

Conclusion

A good forex course or training is certainly worth it from my point of view.
Think of it as an investment in yourself.
It will all pay off later if you have completed the correct forex course.
You will immediately learn to trade in the right way and so you can reach your final goal faster.
But again immerse yourself in the experiences of others so that you do not lose money to a scammer!

When I had made my course I thought it was important to make all the separate elements into a whole.
Because I think I had the most trouble with that when I first started trading.
What worked for me and why am I making success in the forex market?
I have bundled all of this together in a book and a course.
With the intention to teach others to trade in the right way. We already have a lot of successful traders in the community.
That makes me proud!

Do you want to become Success Supply and Demand Trader or want to know more about Forex trading course?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
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====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

What is Dow Jones?

What is Dow Jones?

What is Dow Jones?

The Dow Jones index is the most famous stock index in the world.
The official name of the Dow Jones Index is the Dow Jones Industrial Average.
This index shows the price development of the 30 most important stocks on the New York Stock Exchange or Wall Street.

It was founded in 1896 by Charles Dow and Edward Jones.
Where it initially consisted of only 12 companies, it has now been expanded to 30 companies.
Companies included in this index are, for example, Apple, Nike and Microsoft.

Despite the fact that this index is under discussion from time to time, this index is used as a gauge of the economy.

Of course, the Dow Jones Industrial Average is not the only US stock market index.
Two other well-known indices are the S&P 500 and the Nasdaq.
The former stands out because it is a much broader index, while the Nasdaq focuses significantly (but not exclusively) on technology stocks.
However, it is still generally accepted that the Dow Jones Industrial Average is an important indicator of the price evolution on the US stock markets.

The oldest US stock index

The Dow Jones is the oldest stock index in the United States.
The index is also known as the Dow Jones, the Dow 30 or simply the Dow.
The abbreviation DJIA is also used regularly.
Many Americans, and Europeans, take a look at the closing position before going to sleep.

The history of the Dow Jones

The history dates back to the 19th century.
It was published for the very first time in 1896.
And the index was then 40.94. This was a direct average of the prices of the then 12 stocks.
Then in mid-2018 with the departure of General Electric, all 12 companies were taken over, went bankrupt or simply fell into obscurity.
At the moment, therefore, none of the original participants are included in the index anymore.
Times change and so do the compositions of the stock market indices.

What is Dow Jones?

The composition

The Index Committee of S&P Dow Jones Indices determines the composition of the index.
The only criterion here is that the index must be as representative as possible a reflection of American business.
The committee members select 30 listed companies for this purpose.
A logical question is whether such an adjustment in the composition of the Dow Jones Industrial Average happens often.
In practice, this turns out to be better than expected.

The current composition of the Dow Jones

The following 30 companies are currently included in the Dow Jones Index.

3M Co. (NYSE: MMM)
American Express Co. (NYSE: AXP)
Amgen (NASDAQ: AMGN)
Apple Inc. (NASDAQ: AAPL)
Boeing Co. (NYSE: BA)
Caterpillar (NYSE: CAT)
Chevron (NYSE: CVX)
Cisco Systems (NYSE: CSCO)
Coca-Cola Co. (NYSE: KO)
Dow Chemical (NYSE: DOW)
Goldman Sachs Group Inc. (NYSE: GS)
Home Depot Inc. (NYSE: HD)
Honeywell International (NYSE: HON)
Intel Corp. (NASDAQ: INTC)
International Business Machines Corp. (NYSE: IBM)
Johnson & Johnson (NYSE: JNJ)
JPMorgan Chase (NYSE: JPM)
McDonald’s Corp. (NYSE: MCD)
Merck & Co. Inc. (NYSE: MRK)
Microsoft Corp. (NASDAQ: MSFT)
Nike Inc. (NYSE: NKE
Procter & Gamble Co. (NYSE: PG)
Salesforce.com (NYSE: CRM)
The Travelers Companies, Inc. (NYSE: TRV)
UnitedHealth Group Inc. (NYSE: UNH
Verizon Communications Inc. (NYSE: VZ)
Visa Inc. (NYSE: V)
Walgreens Boots Alliance (NASDAQ: WBA)
Wal-Mart Stores Inc. (NYSE: WMT)
Walt Disney Co. (NYSE: DIS)

Investing

It is possible to invest in individual shares of the companies included in the Dow Jones, or in trackers (ETFs) of the Dow Jones.
If you buy shares in a company that is in the Dow Jones Index, you become, as it were, co-owner of the company and you get a say at the General Meeting of Shareholders.
As mentioned, you can also invest in ETFs (trackers) on the Dow Jones.
ETFs track the entire index, not individual companies.
Depending on the performance, ETFs yield a certain return.
Since its inception in 1896, the average return of the dow jones industrial average has been around 10% per year including dividend.
So considerably more than gold, a savings account or real estate.

Do you want to become Success Supply and Demand Trader or want to know more about the Dow Jones?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Why traders lose money in Forex?

Why traders lose money in Forex?

Why traders lose money in Forex?

Why traders lose money in Forex?

Let’s face it, everyone is looking for easy ways to make money.
Some people who have a lot of savings invest in companies or buy stocks of large companies.
And still other people might take a gamble on the Forex Market.

Forex is also super popular right now and many people have heard about Forex trading.
Since it gives the opportunity to earn money to everyone and at any time as there are round the clock sessions
But you can also lose your money very quickly.
Especially if you don’t know enough about it or are not well informed about it.

That is why I will now give you some simple tips so that you will not lose so much money on the Forex market.

Let’s start with the main rules:

  1. Learn something about forex trading before you even start!
  2. Find a good and reliable Broker.
  3. Start with small money. And don’t get yourself into debt.
  4. Keep a record!
  5. Learn to make a good and correct Analysis.

These are the first and most important tips!
I will now give you 1 extra tip where most novice traders fail in particular.

Why traders lose money in Forex?

Do you see the image above?
This where the majority lose money, it’s a monday New York has yet to open and the impatient ” the big part ” ‘is not rewarded.
Why? Because they are impatient and have preferably already taken 3 trades for New York open.

The large volume is in the London and New York overlap, these are the two largest sessions and have the most volume.
with the largest players active in the markets.

You want to trade a market that has enough volume to flow with, and where you can also be profitable.
That is why it is very important that you don’t jump into a trade when there is no volume.
We don’t want to end up in a market that is almost standing still, right?

Believe me less is more, a number of golden rules such as Supply & Demand are at fresh levels, that is our core focus. and so we anticipate on that too.
Within these levels you can find the orders and your winrate will be higher.
And again for these trades in Supply and Demand volume is needed!
So pay attention to this!
Even if you trade in a different way than Supply and Demand, the volume is still very important to open a successful trade.

I can therefore recommend everyone to be patient and let the trade come after you.

Why traders lose money in Forex?

And trade the hours with the most volume, see below a correct schedule with time zones & trading hours where you will find the most opportunities to catch a good trade with a good chance of success.

Why traders lose money in Forex?

 

Do you want to become Success Supply and Demand Trader or want to know more about Why traders lose money in Forex?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

Forex books for beginners.

Forex books for beginners.

Forex books for beginners.

Forex books for beginners.
There are a lot of free e-books out there, especially for the beginning Forex trader.
In these books you will learn the principles about forex trading.
These books are therefore not of interest to experienced forex traders.

Forex books for beginners

Forex Trading.
This book actually contains all important topics that you should understand and learn as a novice trader.
The book is written by: Richard Taylor.

Forex books for beginners

An Introduction to Japanese Candlestick Charting.
This book is very useful as a novice trader so if you want to learn everything about the japanese candlestick charting.
I definitely recommend reading this book.
By Erik Gebhard.

Trend Determination.
This is also a very useful ebook for the beginning Forex trader.
Learn all about trend determination. Written by John Hayden.

Forex books for beginners.

Above, I have shared four very useful books if you want to know a little more about trading Forex.
And this free information can be very useful for a good read about trading Forex.
Trading Forex is certainly not a get rich quick system.
It consists of a lot of reading and many hours behind the charts to achieve success in the Forex market.
So spend your time wisely before you start trading forex and read carefully all the information you can find.
On my site I also have a lot of blogs which can be interesting for a novice trader.
I also have an extensive Forex course where you learn to trade in Supply and Demand step by step.
Which is certainly suitable for the novice trader but also for the experienced trader.

(If you are the copyright owner of any of these e-books and do not want me to share them, please contact us and we will remove them.)

Do you want to become Success Supply and Demand Trader or want to know more about Forex trading books for beginners?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

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