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Daily profit, is it possible?


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353 replies to this topic

#21
pinoycity

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I think, it is not possible for a trader to actually win or to earn everyday in forex. But when you say, average, as in you compute your earnings monthly and get the average daily earnings, it will be possible that you will get earnings daily. It is quite impossible to know the movement of currencies everyday.
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#22
andry777

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@pinoycity
I think daily earning didn't mean that we will get profit in all of our transactions but we must get profits more than our losses.
For me, that is still possible to reach because I looked many traders who could reach that although they didn't get too much dollars.
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#23
boniez

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Daily profit can be achieved if we have a daily target too, so that we can control our money management properly. because if we do not have a daily profit target, then all will be chaotic and irregular
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#24
Nikhil

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@boniez i agree that we should daily target and have mentality that will not over trade although profit come thats particular day more and more. anyway i think although its hard to get daily profit but have to target and have to trend our mind.
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#25
boniez

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@boniez i agree that we should daily target and have mentality that will not over trade although profit come thats particular day more and more. anyway i think although its hard to get daily profit but have to target and have to trend our mind.

even if we have not been able to profit consistently, then we can focus on daily targets that did not experience much loss. I believe a little longer could satisfy later if we had enough profit
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#26
Guest_dmt_*

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even if we have not been able to profit consistently, then we can focus on daily targets that did not experience much loss. I believe a little longer could satisfy later if we had enough profit


I agree with you. If we can start profit consistently, even if it just small amount, later it could replace your total loss one. Daily profit is really possible if you are not setting target too high and you have knowledge about market. Try to learn to understand the market first before you entering it. Once you could understand what the market want, you can earn profit on daily basis without any problem.
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#27
boniez

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I agree with you. If we can start profit consistently, even if it just small amount, later it could replace your total loss one. Daily profit is really possible if you are not setting target too high and you have knowledge about market. Try to learn to understand the market first before you entering it. Once you could understand what the market want, you can earn profit on daily basis without any problem.

certainly a good market analysis is our primary key to stay in forex trading existence. I believe the bad analysis will be bad too on our trading account balance.
maybe still a little good if we also have good money management
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#28
Nikhil

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Its true we need good market analysis to enter trade and no doubt its help us more to make win trade . its true its not possible newbie most of the time because its not so easy but have to try to from various source. anyway its also true bad analysis ruin our trade but good money management save our account.
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#29
standart

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still possible to get daily profit but as we know its not easy thing to do. besides have a good trading strategy, we also should have a good money management. even the key point is money management.
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#30
yogesh

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In my view if one follows the rules (his own rules) strictly and goes with trend
even if there is no guarantee that all but most of the days will be in green.
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#31
ahmedrz3

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oh what you saying is may be very hard even impossible so you can not earn a lot in one day there must be some risks and qualifications to deal with such strategy . i am working on forex but not for long time so i have no big losses or earnings its just few cents
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#32
andry777

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It is possible to get daily profit from forex trading but it will need much time to realize it. It is impossible to happen for newbie traders.
We must have good knowledges and good experiences to realize that.
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#33
hyipreviewblog

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i think daily profit on forex is a possible thing to do...you need to learn and own strategy that suit with your style on trading...so when you open position on market, it will bring profit continuously...
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#34
andry777

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@hyippreview
That is wrong, you opened position won't make you get profit directly but you must make good decision from your analysis.
Open position in the wrong time will give you loss too.
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#35
sasanka

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Well i think it is possible to earn profits daily. I suggest you use scalping techniques. Because you are opening your trades only for a short period of time. But i suggest you should not trade on Fridays and Mondays because those two days it is very difficult to predict the market. And if you are be aware of the news you have a high chance of getting succeed. Always try to open trades going also with the major trends in short tern charts. EG: 4H, 1H uptrend then you can very easily open buy referring 15M/30M charts.
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#36
giridhar123

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If you are expert,you may get daily profit but anyway there will be loss as well in forex.you must have experience and goodstrategy by following market update to have the daily profit
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#37
andry777

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@giridhar
Yes, daily profit didn't mean if we can't get any losses but we got profit more than our losses. So you didn't need to be worried
if you still got some losses in trading, it is possible to get daily profit :)
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#38
Nikhil

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yes its possible to get daily profit i believe and before i also do such but my expereince i can say if loss then if we keep cool and wait for chance to enter the market then only possible to recover our loss and get profit but if we want to revenge then sure loss. in this way i lost also but have to keep cool our mind if there is loss also.
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#39
winning11

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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?


I don't see why isn't that possible. As long as your are very realistic and plan your profit everyday, setting a objective, you are surely make consistent profit. You can plan to gain 1-3 pips per day safely but that is not going to help you make a fortune. Sometimes losing is necessary. You don't have to profit everyday to become successful.
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#40
mownabratadey

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I think daily profit is moderately possible, but If you talk monthly or yearly basis then it's definitely 100% possible as well, But the leverage need to be low as minimum as you can with your trading amount... But you can't make fixed huge profit, instead of tat you are able to find some %% about 10-20% from principle.... SO just be careful while selecting leverage...
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