It is very much possible, but getting to the point where it becomes possible requires a long time and very hard work.

Trading forex profitable is impossible!

Not necessarily. It's not something that one can achieve overnight, that's my point. It takes a long time and a lot of effort to get there and many people give up before they're able to get to that point.

Consistent Income from trading is a myth

If you're looking for Australian brokers stay away from AC Global and ToOptions, ASIC recently issued a warning against them that they're working without a license and are likely a scam. Always work with licensed, easy to research companies.

Best broker for Australians

In my opinion it is possible, but it happens so rarely and to so few people that setting off with the idea that you'll be one of those consistently profitable traders is unrealistic.

Consistent Income from trading is a myth

That is really not a very good idea. First of all, you'll be trading with money you can't really afford to lose, second, you'll essentially bet it all on a single chance that you'll succeed. What happens if you don't succeed? Is there a contingency ...

Going all in on a trade

If you've just started you're a long way from trading with real money, let alone trading stocks. Of course, that's your choice, but I would strongly recommend spending at least a good six months to a year learning and practising on a demo account ...

New in Forex- Where to start?

I agree. My biggest problem with EAs is that they can't take into account the human psyche, and that is something plays a large part into the market movement more often than not.

How to Become Emotionless

That is my view as well. Emotions are a natural part of who we are, excising them completely is both unnatural and unhealthy, in my opinion. Learning self-control, however, is crucial.

How to Become Emotionless

It's not a serious issue in the sense that it doesn't happen very often, but when it does happen it's very unpleasant.

Trading without stop-losses

I agree, unfortunately. It'd be good if we learned to be cautios without such incentive, but most people don't do that unless they get burnt.

How to Become Emotionless

I don't know about any major bad news about them post-Brexit. That said, if you want to trade the Oil keep in mind that they just announced that they'll hike the maximum leverage for UK Brent Oil and US Crude Oil to 100:1 from 30:1 and that the new ...

Does anyone have any experience with Dukascopy?

True. Unless the wi-fi gets knocked out by the power outage as well. It happened to me once, I still cringe when I remember.

Trading without stop-losses

It happens to the best of us. I am more curious whether you managed to keep your promise to yourself?

Today I am guilty

In general I agree, but what happens if there is a power outage or you lose your Internet connection? Then you can't monitor your trades even if you want to.

Trading without stop-losses

There is a doji bar and a hanging man bar on the 4-hour time frame around that level, I don't think it will break the resistance soon.

NZD/USD

I've always wondered about that as well too, actually.

Where do Bloomberg/Reuters get their data from?

There are people who do make a full living out of Forex trading, but they are few and far between. These are people with a lot of experience and large-enough accounts to make enough money to support themselves. I don't think that any newbie should ...

Is Forex reliable?

Interestingly enough, FXCM just finally signed an agreement with their creditor Leucadia, which lended them $300 million after the USD/CHF unpeg, according to which the credit’s maturity has been extended by a year to 16 January, 2018. Until the ...

Breaking News: CFTC charges FXCM with undercapitalization

Discipline and experience. Following my strategy strictly without deviating from it and, most importantly, knowing when NOT to trade.

What helped you the most to be profitable?

I am long too, and I've targeted 1330. I am starting to wonder, however, whether I should've closed my position on Friday evening.

XAU/USD & XAG/USD - Gold & Silver Traders Thread