I earn 50 to 100 dollars a month trading in forex. Any trader in mylot?
By bulastika
@bulastika (5966)
Philippines
January 21, 2013 5:08pm CST
I'm just wondering. I earn 50 to 100 dollars a month trading in forex and I'm just wondering if anyone in mylot is also a trader and how much they earn also.
I'm hoping to find forex traders in mylot so that we can help each other own sharing experience and views on how to become a successful forex trader. But I'm hoping that this thread of mine will not be flooded with advertisement and referrals links.
This thread is open for sharing information and views and promoting self interest.
thanks.
1 person likes this
11 responses
@ARIES1973 (11426)
• Legaspi, Philippines
21 Jan 13
You know, most of our friends here are trying to explore whatever online earning opportunities that they may find helpful. However, forex is one of the most difficult to deal with. I am really interested to enter into this kind of program but since it needs capital and I can't find anybody to teach me, I am setting this aside for the meantime until I earned enough to go into it by myself.
I am glad to know that you are earning that amount from this source. I never really tried it before because I don't want commit mistakes by going on a trial and error manner.
@AkamaruKei (5204)
• Malaysia
22 Jan 13
ARIES1973 i also want to try forex but i'm still afraid to take a risk. I dont know to read graph chart. I hope someone can teach me. Hmm most people say they can earn more money with forex.
@ARIES1973 (11426)
• Legaspi, Philippines
22 Jan 13
Don't worry akamarukei, we will learn about this thing together. Hopefully somebody will teach us how to do it. But I read an article that we can try demo account. I think this could also help.
@AkamaruKei (5204)
• Malaysia
22 Jan 13
What is demo account? Some people say we can invest whatever amount of money even 1 cents in forex.
@vilethanh (9)
•
13 Mar 13
Hello Bulastika, i'm forex trader like you, glad be acquainted with you. Can you tell me about the amount of money you invest in forex is how much? and which forex broker you are using? Could you share with me a little experience your forex trading?
@bulastika (5966)
• Philippines
14 Apr 13
Right now I only have 500 dollars earning about 10% to 30% a month. This month my 500 dollars earn me 177 dollars so its really good earning for me. My goal is to reach 10,000 dollars trading capital and hope to earn at least 1,000 dollars a month. forex.com is the first broker site that I joined and invested.
How about you how much do you invest right now and what broker site do you use right now?
@bulastika (5966)
• Philippines
17 Apr 13
That's good. I guess you have more than me in term of experience. I only have 500 dollars right now and only trading for more than a year now. I usually use averaging and hedging strategy when I trade and I don't use SL. So its either I make profit or incur big loses.
@vilethanh (9)
•
14 Apr 13
Nice to hear good news about you, I think you are a good trader and have many years experience in this area. Money in my account is now more than $ 2,000 and I used to broker liteforex to trade more than 5 years. Can you share a little about trading experience as well as skills needed in forex, and thank you very much for your feedback.
le Thanh Vi
@BetterDays4Me (3777)
• Philippines
23 Jan 13
Yes, I also hope you could share how it's done, how you go about it and what strategies you follow if ever you follow one. I heard there are some forex robots that you could buy that helps you win more trades. I really don't know if these types of forex robots really works and if they are legit. Has anyone heard about forex robots?
@bulastika (5966)
• Philippines
13 Apr 13
@betterdays4me
You don't need to post in each of the reply that my thread get. If you really interested you can simply post your own post and I will reply in their. That's is if you really interested and not just do post chasing.
@cutie18f
I already accepted your friendship. Sad to say that's all that I can share to you. forex trading is a risky business and spoon feeding only make you weak. If you want to be a strong contender in forex you need to discover a trader in you.
Good luck.
@camomile07 (1420)
• Germany
22 Jan 13
Until now, I haven't tried to invest in forex. Several month ago, I had a look on it and it seemed really interesting, so I decided that I'll try it once. But, at that time, I had no money to start with and it also has to be learned. But my intention to start with it is still there, so hopefully I'll be able to share my first experiences soon.
@BetterDays4Me (3777)
• Philippines
23 Jan 13
Same here! I don't want to try trading in forex until I have adequate knowledge and research to try it out myself.
@bulastika (5966)
• Philippines
13 Apr 13
Big question is this after you guys decide to acquire knowledge first have you ever try to do research and practice forex trading until now? theirs a difference between wanting to trade and dreaming to trade. Because if you really want to trade in forex by now I'm sure you have good knowledge about forex trading already. But if not then its just a dream.
@AgentGulaman (3546)
• Philippines
22 Jan 13
Foreign exchange trading has a very volatile environment s I am not into it just yet. Still have to try and learn things before plunging on the real thing. I am just into stocks at the moment and once I get the hang of the stock market, will move to forex trading in the future. Maybe you can give me some links where you get information or knowledge regarding the activity so I can read on and slowly learn it.
@AgentGulaman (3546)
• Philippines
23 Jan 13
My suggestion is for you to start out first investing in stocks. Then you will feel how tolerating are you with price volatility and fluctuations of the market. Once you are comfortable with such risks, I can feel that forex trading will be the next step to it. Foreign exchange is quite complicated and volatile, that is why I am preparing first myself before i plunge in to it.
@bulastika (5966)
• Philippines
14 Apr 13
Stocks trading take too much capital. I started in stocks trading and I need to invest about 1,200 dollars to earn like 300 dollars in a year but in forex trading I only have 500 dollars capital and I can earn 100 dollars a month on average. Volatility is were profit is. Unlike in stocks that theirs no leverage in forex we can use leverage.
@Islamnoor34 (77)
•
22 Jan 13
It only depends on your investment and strategy you have. Professional traders are earning more than of 200 percent of their investment.
@bulastika (5966)
• Philippines
13 Apr 13
@Islammnoor34
200% for how long? A day? A week? a month? a year? a decade? Yes you can double your money but for how long?
In more than a year of trading in forex. I only experience tripling my money in one week. Yes I tripled my money in one week. But I never tried it again. Right now I only target to earn 10% to 30% a month.
Earning 200% in forex can be achieve even for weekly basis but that's a lot of risk you are going to take.
@simonelee (2715)
• China
22 Jan 13
Good to know you become successful. Heard a lot about forex trading and tempted to try but I'm not sure if it's really for me since i don't know how this thing works. I'm one of those who wants to earn online but hesitant to gamble my little earnings. Till exploring though. Hope someone hear can teach and explain to us on how this thing work.
@bulastika (5966)
• Philippines
13 Apr 13
In forex trading you need to take risk to make money. That's why its very important that you are committed. If you are not committed then you are not only wasting your money but your time as well. And even if you are making profit in forex its not always means its going to be this way forever as you can still end up getting MC.
@ptcamateur (441)
• India
22 Jan 13
Good to know you make some money out of forex. I always wanted to get into forex but never had any one guiding. I cannot do self learning. I did open a demo account but it was really confusing. how much time you spend on forex trading and how much investment you have made to earn 50 to 100 every month.
Any information will be helpful.
Regards
@bulastika (5966)
• Philippines
13 Apr 13
Theirs two part in forex trading. one is doing analysis and the other one is actual trading. Actual trading only take me 15 to 30 minutes to update my pending and open order. Even though right now I'm managing four real account and one demo account.
The other part and the one that eat up my time and the one that going to make us earn or loss money is doing analysis. I do both fundamental and technical analysis. But I don't do it myself. I usually visited lots of sites and read their own analysis and conclude from their.
@mohkanari (1957)
• India
22 Jan 13
I have heard that some person are making good profits by forex trade. I am interested to know about legit sites and minimum fund required for an experimental start. I have made a request for your friendship.
@bulastika (5966)
• Philippines
13 Apr 13
What its need is not luck but commitments. If you understand what you are doing in forex then every thing in here will be easy. Theirs only three component in forex trading that we need to learn. One is account management and we use risk and money management in this. The second one is Analysis and we use fundamental and technical analysis. The last one Is making sure that we follow the first two.
@charmainejvr (8)
• South Africa
22 Jan 13
Hi Balastika - I also started to trade and lost some money and earn some money - they do send you the trends to follow and also call you to assist you, but I also feel that I need more experience to be more successful. Please add me as friend
@bulastika (5966)
• Philippines
13 Apr 13
Experience only come when you trade constantly. Theirs no such thing as over night experience so you need to spend lots of time trading in order to gain experience. I taste my first profit on the 3rd months already and its only about 5 dollars or below but I'm really happy because I know right their and then that I have potential to earn. Right now this month I did earn 171 dollars already with my 500 dollars trading capital.
