Do you consistantly make money from Forex Trading?

Quote from ElectricSavant:

fxet,

Perhaps the sarcasm from usdBull was to get your attention. You might admit that your reasoning in the context of your thread might be in question?

Perhaps you could have worded your opening post like this...

What attributes would you consider that are important to be a consistantly profitable Forex trader?

You might be surprised at the response you would get and it might be more helpful.

Also questions about the tools used, such as capital, dealer, charting...etc...

Just a suggestion fxet..Thanks for contributing and welcome to ET.

Michael B.
More...

Take one step further.
Assume the poster are interested on these questions and answer them accordingly.

Good answerers do not simply answer the question on its face value. :)

For example,
Poor question: I'm a newbie. Is it possible to win the trading game?

Poor answer: Yes, it is possible.
Good answer: Yes, but you need to learn hard. There are many things you need to learn, including money management, risk management, discipline, capital, strategies and so on.

Does it make sense?

Thanks for your attention! :)
 
there have been some really great posts here and obviously there are differences and aspects about forex that can make it more difficult. The main thing I have noticed is that you need to be a longer term player, taking positions. The spread on a lot of the pairings is as much as 5 pips if you are going through a retail broker. This is death to someone who is a daytrader as I am.
 
I think I was reprimanded by the mod for my smart restaurant answer. I remember when you make your first post Michael. You have come so far here.:cool:

The intent was to make the poster think about what he is actually asking. I suspect the motives were not entirely sincere. I could be wrong. I have been wrong twice in my life.
 
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