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Daily profit, is it possible?


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334 replies to this topic

#41
winning11

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I agree. If you have a really high leverage, like 1:1000, then you have to watch your lot size closely. You must allow 100+ pips of negative net profit at least if you want to profit daily. If your account can only sustain a negative net profit of 40-50 pips, you may profit most of the time, but will completely blowup your account on one really unlucky day.
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#42
hyipreviewblog

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daily profits is a possible thing to get in forex trading but I still prefer monthly profits so I can control my emotion and not chase to gain profit everyday....

some days maybe we can make big profits but other days we can loss too...so we can combine that profits and loss and sum it to get a good profits every month...
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#43
antthenait

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Daily profit - mean you want to exchange your own currency or purchased unit within 24 hrs. First of all I should recommend to use 7-10 days for take your units. Occasionally if you want to leave these units you make find updated seller list, for make profit you've to find At-least 1% bonus from you purchase amount. But it's very difficult to find and really uncertain. Some time this can happens but very short time , you've to choose that section within very low time, another way to gain daily return - you can maximize your total abilities of unit partition,that can make daily profit in total.
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#44
dennypiyu

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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 think it is possible we can get daily profit. It is just the technique if you know it to earn $10 per day from forex is easy
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#45
hyipreviewblog

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I think it is possible we can get daily profit. It is just the technique if you know it to earn $10 per day from forex is easy


I also sure that good traders can make a good daily profits not just $10 but maybe $100 a day. But how to reach that level is very hard to get.
You need to spend time to sit in front computer and learn about how market reaction to economic news or politic news. And if you good on both of them you still need to learn how to control emotions on every trading you make. It is not easy to earn money on forex.
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#46
winzpc

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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?



It is the ultimate goal for all forex traders can make a proftable trade

That is the ultimate goal of every forex trader to earn a consistent profit. I'm sure you can do it, but all it needs is a process leading to the stage. In my opinion, the key to become a profitable trade in forex is inside us such as dicipline and patience.

I think to get a daily profit in every single trade must be using a scalping way but also need an effort like time to monitoring continuously the trade.
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#47
andry777

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@winzpc
I don't think that scalping is the only one way to get consistent profits in forex because it is possible to use another method too.
It's possible to use news trading method or Intraday method to gain consistent profits too. But I am agree if daily profit is purposes that
must be reached by traders who want to become successful trader.
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#48
hyipreviewblog

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@andry777
There are many method on trading forex and it is depend on trader style to use it. Some trader feel safety to use scalping for trading and they think they can make better profits. If you don't think that is a good method you can still use other one to improve your trading style.
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#49
winzpc

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@andry77
I do agree with you, many another method or strategy can give a consistent profit. But I mean to being a profit in daily trade, it will more guarantee to use a scalping method. An expert scalper can make a profit everyday because they will close their trade in range of profit between 5 to 10pips. The news trading trader or intraday trader sometime can cause them loss in a day, because not everyday it release a high impact news, so sometimes they will stay outside to just monitoring the price.
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#50
purplegl

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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.


Everyone prefers daily profit, including me :)
In my opinion, weekly profit makes more sense than daily profit, because with the dynamic market environment, investors are hardly to maintain everyday's profit.
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#51
sidejob

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about getting daily profit i think it is still possible but very hard to do, so far i only do little treading and i get some loss from my trade, since i am newbie i only tell based on my own experience
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#52
bringpeace

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I think not possible if we get profit daily, we can do it, we only need trading with our experience, we need trading with careull, and enter market only if we sure we can get profit. If we do that everyday, i think we can get profit everyday. and in forex world, many people get proit everyday
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#53
Adnan

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If a trader acquire all the skills of this beautiful game of trading, daily profits wouldn't be a hard task for them. However, no one is perfect in Forex, and there will be days which are against you, but rather then being frustrated, you should overcome your frustration and focus on your next day and recover the losses.
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#54
budado

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As long you know money management. Risk management and know how to read technical and fundamental analysis you will be in good hand and always earning in the end of the day. And that what important in forex trading. Those three that I mentioned. Because if you don't know one of them you will never going to earn.
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#55
Adnan

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As long you know money management. Risk management and know how to read technical and fundamental analysis you will be in good hand and always earning in the end of the day. And that what important in forex trading. Those three that I mentioned. Because if you don't know one of them you will never going to earn.


Learning and developing trading skills is the first step to success in Forex. Even the professionals in Forex have passed those learning curves in their initial stages. The better you learn the more chances will be their to acquire skills and experience in Forex. Once a trader has developed trading skills, I don't think it should be hard for them to earn consistent profits from Forex trading.
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#56
wasi90lkv1

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gaining daily profit is possible i guess, if you trade in an efficient manner. however, probably sometimes you will face losses. gains and losses are parts and parcels in forex trading.
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#57
Adnan

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gaining daily profit is possible i guess, if you trade in an efficient manner. however, probably sometimes you will face losses. gains and losses are parts and parcels in forex trading.


As Forex is an unpredictable market, we do get losses but a good trader is that who does not all emotions to overtake his trading and plays a simple game to recover his losses from the upcoming trades. Daily profits is not impossible in Forex if a trader develops all the skills and knowledge in Forex.
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#58
yogesh

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I agree forex is unpredictable and there is certainly risk involved. But those experienced trades, doing many trades daily usually scalp trading, even after closing a good number of trades in loss end up with profit though percentage of profit may vary.
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#59
wasi90lkv1

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i think a forex trader should focus more on monthly profit, rather than daily profit. it is possible to suffer losses sometimes, which is why if the trader focuses a lot on daily profit it can create frustrations.
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#60
Adnan

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i think a forex trader should focus more on monthly profit, rather than daily profit. it is possible to suffer losses sometimes, which is why if the trader focuses a lot on daily profit it can create frustrations.


I agree with you in this case. I myself have seen several general forex traders who find it hard to generate profit daily through Forex trading. However, monthly trading is safer as in that case, we dont take several positions throughout the month but stick with a couple of positions to earn something big out of it.
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