Forex trading

16-04-2024 08:06PM #1

Hi

I was wondering how much per day can you make safely make Forex trading? I used etoro before but haven't done it in a while. Some articles I have read said that day traders aim at 1-2.5 % a day. I aimed for much higher profits with smaller amounts when I traded.

Whats your opinion?

Mach 3 · 24-04-2024 09:12PM

I suppose it depends on your risk/ reward ratio really, or whatever you are comfortable with in your trade plan.

Good luck.

25-04-2024 11:55AM

I've checked some trading websites and it looks as though on average 75% of people lose money on those sites.

29-04-2024 07:51PM

1-2.5% is nonsense. Crunch the numbers yourself and see.

https://www.boards.ie/discussion/comment/122061090#Comment_122061090

That sounds very, very low. I find it very hard to believe that 25% of retail traders are profitable. Guessing that the broker is working those numbers to make the them look better. My understanding is that ~90% of retail traders lose money trading.

Alexander Ozzie · 29-07-2024 09:13PM

on weekday,not all day are good to trade..

Choose your correct Session to trade.. if your analysis is good everything should be fine.

15-11-2024 04:13PM

I've tried virtual money for the past 3 months and used little to no leverage. I was able to make 5% a month on average trading FOREX.

18-11-2024 10:33AM

I guess I said too much here. My virtual account was wiped clean this morning. All open trades vanished.

CliffHangeroner · 20-11-2024 10:19PM

You won't make money trading forex don't waste your time also those 75%, 80%, 90% traders losing money forex stats from the brokers is complete nonsense. The true figure is closer to 99% of traders don't make money long term trading.

1% a day, even the best traders in the world only make that a month for goodness sake.

22-11-2024 05:22PM

https://www.boards.ie/discussion/comment/122863343#Comment_122863343

Do you think shares are better to trade?

CliffHangeroner · 22-11-2024 05:33PM

https://www.boards.ie/discussion/comment/122870648#Comment_122870648

If you really must trade just invest in the main indices or a decent ETF. Currency trading is for mugs, the whole industry is set up to take money from retail suckers. Yeah you'll hear about the odd retailer who made x amount of profit on a trade but like a casino or a bookie in the long run you are the product.

jackiept · 12-03-2025 03:05PM

If u'r asking on especially safe, it's up to 5% monthly. Yeah, its not so big as u would like, but it's real target. If u'r not agree on that, u can always use signals or smth like that, but check firstly guides like How to use Pocket Option signals or Forex Signals or even MT5 Signals. As a trader with several years of experience, I can say that I started with signals too. When u'r newbie u can't trade in extremely great pluses, so signals is a decision. But really start from guides before just using

dxhound2005 · 12-04-2025 02:24PM

Not trading but buying Sterling for shopping. The Euro get more Sterling this last week or so.

TamiaLane · 05-05-2025 01:06PM

I see it's been a while since you've posted, but I just wanted to ask if anyone here has gone from demo to live trading recently? I'm trying to figure out how people manage the mental side of it—like keeping emotions in check during losses. Also curious if anyone uses prop firms or just sticks with their own capital? Would be great to hear some real experiences.

amelishan · 05-05-2025 02:34PM

I started by using a demo account for a couple of months to get used to how things work and to see if I could stick to a strategy without getting emotional.

HeatherSan · 12-05-2025 09:20AM

I used Trader Discount Code to cut the cost of a challenge account before signing up with them. If you're new to it and wondering how to apply take profit trader discount code, just go through their site checkout and there’s a box right before payment where you paste it. It knocked a decent chunk off my fee, which helped since I was still testing the waters.

Forex trading

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