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Must have money to earn on forex

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Dec 08, 2013 02:48 am
#1

Antworten: 6
Member since: 07/12/2013

I think the main reason for forex is money .
If you have a lot ,that you deposit will be bigger , than you risk will be smaller , greedy is smaller , you are trading with no pressure ?!

Dec 09, 2013 10:54 am
4nt5 Translator

Antworten: 84
Member since: 12/10/2013

i'm sorry but i will have to disagree on your second line, if you have a larger deposit people are more inclined to trade larger amounts due to the potential and growth percentage. While it makes sense theoretically individual egos defy logic unfortunately.

As you can see from my widget its a demo account, so no pressure but i have 10,000 fake money deposit i still on ocassion trade a larger than normal amount to see if i can get that boost numerally/ graphically

https://www.fxstat.com/widget/link?t=tiny&c=3&s=20780&o1=growth&o2=drawdown&o3=profitfactor 

Dec 18, 2013 02:19 pm
leebelisar User

Antworten: 120
Member since: 06/11/2013

My trading deposit is only 100 USD. That is equivalent to a classic account at my broker. And earning may depend on your trading strategy and skills as well as timing.

Dec 18, 2013 02:33 pm
Aseel88 User

Antworten: 96
Member since: 29/07/2013

As they they mentioned above the more money you put on the line the more risk you will get on losing that money. .. It will only be relieving if you are trading fake money on demo accounts.

http://www.fxstat.com/widget/link?t=tiny&c=7&s=19487&o1=growth&o2=drawdown&o3=monthly&o4=equity

Dec 18, 2013 04:39 pm
FXhelpers User

Antworten: 9
Member since: 25/02/2011

Trading is very psychological, a trader who has 100.00 will make 2$ on that in a day, and be like oh I made two bucks... thats nothing if my cost of living is about $200 a day. However what the trader has not realized is he made 2% in a day, which is really good. And if he continues that he will be doing really well, but with time. 

And thats where the issue comes in, most people do not have the paitience to grow the account, as it will take a long time for him to get to the point of where he can earn his 200 a day. Without losses it will take him 234 days to get to that point. Sadly the odds are against him as the odds of someone being so paitient, with everything else being perfect, are very slim. 

We arent even taking into account that as his account grows, he might not be as comfortable seeing higher floating losses. Or the market going against him, which can cause a trader to go on tilt, and bet big.... 

Dec 18, 2013 06:37 pm

Antworten: 45
Member since: 06/11/2013

Originally posted by leebelisar

My trading deposit is only 100 USD. That is equivalent to a classic account at my broker. And earning may depend on your trading strategy and skills as well as timing.



As Lee mentioned the word "large" amount is different in each country, but as helper msaid its all very psychological very few will have the patience to grow their accounts (unless they're a gardener by occupation:P) but most people will get impulsive and hope to win the lottery as opposed to slowly growing their garden (metaphorically)

http://www.fxstat.com/widget/link?t=wide&c=6&s=25061&o1=growth&o2=drawdown&o3=profitfactor

Jan 06, 2014 09:23 am
Gerski User

Antworten: 42
Member since: 06/11/2013

Originally posted by narayanchandra77

I think the main reason for forex is money .
If you have a lot ,that you deposit will be bigger , than you risk will be smaller , greedy is smaller , you are trading with no pressure ?!

 



Yes i think so since in every investment we are expecting for something in return likewise in forex knowing this is a business.But same with other businesses the presence of loss/the possibility of lossing is also present.Thats why for me the more amount or higher amount you invest the higher the  risk since in forex risk is always present as well a profit.

Jan 07, 2014 06:26 am
leebelisar User

Antworten: 120
Member since: 06/11/2013

Originally posted by cheesyfinger

Originally posted by leebelisar

My trading deposit is only 100 USD. That is equivalent to a classic account at my broker. And earning may depend on your trading strategy and skills as well as timing.

As Lee mentioned the word "large" amount is different in each country, but as helper msaid its all very psychological very few will have the patience to grow their accounts (unless they're a gardener by occupation:P) but most people will get impulsive and hope to win the lottery as opposed to slowly growing their garden (metaphorically)



Well said. Yup. It actually depends on which and what country you are. Going back, you need lot of courage, patience and discipline to grow your account. It is very impossible to grow it in just a second or at a glance. You need to work for it little by little. 

Jan 07, 2014 03:59 pm
Noobtrader User

Antworten: 52
Member since: 07/11/2013

Going to correct you to say you dont need to work little by little if you're going to gamble on 1 trade, win and withdraw.. But i will agree patience is needed to EARN money in Forex, but WINNING is a different matter 

Jan 08, 2014 02:32 am
Champ User

Antworten: 711
Member since: 17/05/2011

Maybe  "extra money" is more appropriate than "more money". If a trader has extra money, he may not have less fear of loosing at as compared to those who r investing their savings in the hope of getting an unlimited stream of income.

There r many other things that matter when it comes to winning in forex.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jan 09, 2014 02:53 pm
leebelisar User

Antworten: 120
Member since: 06/11/2013

Originally posted by Champ

Maybe  "extra money" is more appropriate than "more money". If a trader has extra money, he may not have less fear of loosing at as compared to those who r investing their savings in the hope of getting an unlimited stream of income.

There r many other things that matter when it comes to winning in forex.

 



Regardless if its extra money or more money does not really matters as long as you have other funds that are set aside for emergency purposes. This maybe includes those money to be used in case you lose in the trading. This will allow you to have confidence because you have other funds waiting in case you lose.

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