At the end of the day is forex trading really a profitable venture? I mean you can make profits here and there but it seems like the losses will always outweigh the profits

Hi Guys,

I have been doing some soul searching lately. I have been making a few profits but it seems to me that my net losses are far ahead of my net profit when trading forex. I am beginning to think forex trading is not meant to be profitable at least for the average day trader like me. So what do you guys think? Does anyone out there share the same concerns? I would be glad to hear from you.

@martini_schwarzwald - 1 year ago

The idea is to cut your losses early and let your profits run. That way your profits will exceed your losses. You should also have a trading journal where you record your profits and losses so you can calculate if you are profitable on a net basis.

@andy_colgate_nottinghill - 9 months ago

When you are wrong how much do you lose and when you are right how much do you profit? You need to ride your winners for a bit longer to be able to remain profitable.