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Daily profit, is it possible?


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298 replies to this topic

#1
andry777

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I think all traders will be glad if they could make consistent profit in forex. I hope I could realize that too but today I still couldn't do that.
Do you think it is possible for us to get daily profit in forex? I ever read there are some traders who could do that, how is your opinion
about that?
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#2
Nikhil

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I never thing its possible to get profit daily because there will be some day with great loss and there will be some day huge profit but to remain in profit we should manage it carefully that loss is not go more profit . but i think it not possible to win daily in forex.
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#3
andry777

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@Nikhil
That's making sense too because we couldn't take profit in all situation but I read in forex is about consistency to get profit
more than loss. So it's no need for us to get high amount of profit but it's enough for traders to make sure if all of his profit
in a day are higher than all his losses in that day. I think it's possible to make percentage of profit more than 50% everyday.
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#4
silenteyes

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Well, if you making 50% profit daily is something which require super skills and great strategies.
You need to have good risk management, money management and must be able to trade on multiple pairs.
One more thing, you must not force yourself to make profit daily.
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#5
andry777

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@silenteyes
It's not 50% profit of our balance, I mean our percentage of profit and losing more than 50% so that means we are in profit condition.
In my opinion, we still could make it happen to take profit daily. If we used target 10 pips daily, I think that is not hard to realize and if
we could do that consistently, I think we could get consistent profit in forex and we could get it daily.
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#6
indieover

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i think that we should not make it a goal to profit daily. cause not every day there is good market situation. but i think that we should aim for an earning each week. like having a goal of getting good amount each week.
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#7
boniez

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of course it possible if your strategy are profitable as well, but you must be have a risk against the strategy which make you loose,,,
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#8
Nikhil

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i think that we should not make it a goal to profit daily. cause not every day there is good market situation. but i think that we should aim for an earning each week. like having a goal of getting good amount each week.

fully agree with you . each day not possible to get profit for marker situation which is very true . but i also have aim and target to weekly profit which is not hard if we have proper money management .and now trying to do this only with concentration.
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#9
andry777

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@Nikhil
For me, that was okay to make daily target profit because if we could realize that, at least we could make it 4 days in a week
so that will give us higher amount than we made weekly target. Because as I experienced, usually what we achieved will be
a little bit below than target or at most same as target. So it's better to give higher target so when we reached that, we could
get more profit.
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#10
silenteyes

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Ofcorse, we have to set good profit targets but we should not set higher targets beyond our potential and skill level.
If you can set weekly target, it will be better because you will be having less pressure and you can trade easily.
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#11
andry777

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@silenteyes
Maybe we had different point of view, if me I prefer to set daily target and daily profit so that will control my weekly profit.
It's okay not much pressure but we must have control so we could reach our target right and I like to use daily profit as my
controller so I could achieve my bigger target :)
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#12
Nikhil

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@andry777 your target is very good but the problem is its not possible to get profit everyday from trade and even there was some days its not possible to trade means there is hard to find entry point and if we trade thats day the high risk involved but if you get daily profit than its amazing.
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#13
andry777

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@Nikhil
Yes, maybe that could be reached right now when we are still learning about forex and how to trade well but I ever knew if some expert traders
could realize that so it's not impossible thing. If they could make it, so we could make it too. I used daily profit as target, I couldn't reach that also
but I tried to get profit daily as my capabilities. It's okay few pips as long as I could get profit. That what I tried to realize.
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#14
Nikhil

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I also unable to get daily profit but i also agree now probably it possible who are really good trader which we see in some hyip which giving daily profit and running from years . i also now trying to getting daily profit if it going very low amount but the main target to get some pips everyday but sorry to say still not succeed.
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#15
andry777

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@Nikhil
Yes, that is possible but it's not easy because we must have good knowledges and experiences about forex to realize that.
If we failed sometimes, that was okay because that is part of lesson and in forex, we must learn by doing if we wanted to learn
how to trade well.
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#16
boniez

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Daily profit, I believe it is possible. but also surely a time a trader will experience a loss. because it would be impossible if a trader does not experience loss during trading. but for a beginner might daily loss of more frequent
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#17
andry777

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@Boniez
hahahaha.... Don't make it habit to get daily loss my friend, although that will happen many times in our trading as newbie.
Yeah, it's more often to get losses than profit when we are newbie but we could limit the risk with using small lot size and
few pips of target.
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#18
chuna

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Yes, andry777 is right, it can happen many times in our trading but we have to bear in mind that it can lead to over trading and possibly losses. I have made constant profits for some days, but it is usually by setting small targets like 10 to 20 pips per day, that target is always achieveable, but coming high targets of up to 100 pips, it becomes more risky and it will lead to long term trading.
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#19
wasi90lkv1

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i think it is possible mathematically to make daily profit, but maybe on some days you will suffer losses. the main goal of the trader should be to reduce the number of losses every month.
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#20
Nikhil

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i think it is possible mathematically to make daily profit, but maybe on some days you will suffer losses. the main goal of the trader should be to reduce the number of losses every month.

i am fully agree with you although dont believe its not possible to get profit daily from forex but its true we need reduce the number of losses every month than will get good profit if there is some loss also . all we need to money management .
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