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Two-thirds of individually-managed Forex accounts are not profitable
So I was considering getting into forex for a number of reasons that I could go into but won't, to keep this short. Anyway, in the process of applying for a forex account, TDA had a disclaimer, one of many. It noted that of their roughly 45000 individually managed forex accounts, quarter by quarter, only about one-third of them were profitable. That gave me some pause. I finished filling out the application, and I was approved today, but before I jump in head first, I feel like I have some learning (and paper trading) to do. BabyPips has already been a huge help. But as part of that learning process, I wanted to ask a noob question here, and see what the community thinks of that statistic. I'm sure there is some percentage of people who jump into forex, leverage their account 50:1, don't set a stop loss to go along with the strategy they don't have, and lose everything in a few trades. I already know not to make those mistakes. But I'm also assuming that most of TDA's 45000 accounts also knew not to do those things, and yet two-thirds are still unprofitable. So there are obviously ways to lose money in forex that don't involve being a complete idiot, and I want to learn what those mistakes are as well. So.... why do you think that two-thirds of forex accounts end up not being profitable quarter by quarter?
Blowing my account multiple times and and losing thousands of dollars has taught me more than any forex course I’ve taken
Unless you’re the second coming of Warren Buffet you are GOING to lose money(shit he probably even lost a lot of money before being profitable). But when you lose money always remember what you did wrong and never make that mistake again. The more failures you have in this market the more knowledge you will have. Eventually you will lose so much you start being profitable because you learn how to avoid all the mistakes that made you lose money. Don’t be scared man risk what you can and go for it.
It's a 70 pip scalp and the #VFNeuralTrader gave us an entry just at the right momentum. The #momentumindicator's signal was that powerful that we didn't see a tinge of red in our account.Own it now! https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/
[FOREX Real Money Balance Update] After depositing $496 into my Forex Account at the beginning of this month, today I officially doubled my account balance and crossed over $1k due to $443 in Net Profits this month. I still have 1 more trade idea tomorrow, but I'm proud of my accomplishments so far!
Trade #Forex with GBCFX with guidance from experts who have more than a decade of experience in trading. Access several different types of accounts like Zero Spread Account, Micro Account, Premium Account and more! For fast withdrawals and 24/7 support, visit GBCFX today or mail us at [email protected]
03-08 19:14 - 'Forex trade is all about you investing your funds in any chosen broker of your choice while I trade for you as your expert trader and also an account manager to make meaningful return' (i.redd.it) by /u/jamiecollier001 removed from /r/Bitcoin within 0-9min
Forex challenge/serious question: what would you expect to earn monthly if you had $10k to trade in Forex account? Anything over $10k at the end of the month is transferred to another account and you start all over each month.
I’m thinking about challenging myself to see what kind of income I could generate each month. My target would be $1,000 profit per day with a “quit for the day” threshold of -$500. Thoughts?
Been trading BTC and crypto’s for years. N I’m finally holding myself accountable and documenting and sharing trades and TA ! Also started trading FOREX when btc is slow ! FREE 🎁 FOR 10 more days !!! We are building a special community of traders ! Let’s grow together !
After years of trading BTC and others ... I finally decided to document all and hold myself accountable! .. creating a group where we document and share ideas 💡 and so much more ! .. free 🎁 included inside .. happy holidays my friends ! Namaste I found I was jumping in and out of trades .., and regardless of successful trades. Those large losses were holding me down. Especially after the 2 years post 2017 ! I have found documentation and holding to my rules has helped incredibly ! i started with a small group of friends who could see my trades and give advice and of course ask for advice and TA .. on any crypto or forex .. focusing heavy on BTC ! It’s been goin well and thank you to the support of everyone within the kind collective and kindcrypto trading group ! This has opened my eyes to mistakes and good habits to focus on ! And it’s great to be able to look back 👀 and see how all played out ! I decided .. along with a few others in the collective to offer a holiday special .. to bring in new / quality traders to our group ! We are offering the first year for free ... for the next 12 days as a holiday special you may use the FREE link below to join our “kindcrypto premium collective" (after the holidays we will be offering a donation type program as we will be adding all members to our new website about to debut ! .. I hope you use the free link... and join us ! 😉) free link to join premium kindcrypto We also give training and advice to all members , offer TA on any asset when requested . And offer special treats from time to time ! Look forward to growing together ! We can continue education and idea hunting to become better traders as a team ! Always trying to find an extra edge ! Seeya soon hopefully ! Once joined ... I’ll hit you up n introduce.... Happy holiday my friends Namaste free link to join
Hello! Report of trading activities on news factors for the first half of November 2019 for several major accounts (FOREX investment program). 👥 Sincerely, TBM-TRUST Team! 🌐 https://tbm-trust.com #TBMTRUST #blockchain #investment #money #funds #market #bonds #exchange #company #results #result
A short report of trading activities on news factors for the first week of November 2019 for some major accounts (FOREX investment program). 🌐 https://tbm-trust.com #TBMTRUST #result #investor #mlm #business #bitcoin #forex #hagefunds #mining #forks #IPO #betting #bet #ETF
10-21 07:13 - 'Send me a DM if you're interested in binary trading forex trade bitcoin investment, so you can create and have your account manager by the professional account manager. With an investment of $500 you Start to earn up to $300...' by /u/wileyJoyce removed from /r/Bitcoin within 61-71min
I got banned from r/forex because the mods claimed that I was advertising a course. Well anyway, here is the performance of our course. Every trade taken on this account was given by either me or my partner.
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