Daily profit in forex, possible or impossible?

[akshayfuriya]

It's very difficult to be profit in every transaction, some time you win but also loss.
I'am sure isn't imposible to make consistent profit daily.
There is always opportunity in forex market every day, just change it to profit.

[Ronak]

In my opinion Daily profit is very much possible in Forex market..
I have seen various traders who used to earn good amount of money in the interval of 10-70 pips ..

yeah u r absoulately right...we can earn profit on daily basis but we need to have good forecast analysis and the right strategy...and who trade with short term ..and they willing to trade on daily basis..long term trade not depeneded on daily basis..

[hotshotboyz]

In my opinion Daily profit is very much possible in Forex market..
I have seen various traders who used to earn good amount of money in the interval of 10-70 pips ..

[wolfkamikaz]

it is 95% possible is all depends on the amount of knowledge or skill you acquire in the field, also your capital and time invested on it.

[s19]

If you have 300-500$, daily $10 profit is easy i think. Daily profit is possible, if we target reasonable pips and also ride in the trend. Otherwise, there is some difficult in daily profits.

sorry friend i am not agree with you...with 300-500$ daily 10$ profit is possible but for it need to be cross money managemnet rules.
my money managemnt rules dont allow to trade in this way. 10$ daily profit fot it i need minimum 1000$

[SG Trader]

If you have 300-500$, daily $10 profit is easy i think. Daily profit is possible, if we target reasonable pips and also ride in the trend. Otherwise, there is some difficult in daily profits.

hmm.. i think too large if we want $10 daily from $300 of $500 capital. it possible but too risky. if we hoping this target, it mean we hoping a 60$ until 80% percentage of target per month. i think is too large . the reasonable target is 20% until 40% per month is safe.

[dmambi]

If you have 300-500$, daily $10 profit is easy i think. Daily profit is possible, if we target reasonable pips and also ride in the trend. Otherwise, there is some difficult in daily profits.

But in Forex trading it is quite difficult to identify the trend and ride on it, i too heard this saying " Ride a Trend" , but practically it is just not an easy job to identify the movement of Trend. Also Forex market is very unpredictable so i feel whatever means we adopt it is just hard to make daily profit consistantly.

[venkiaries61]

Friend $10 per day profit is really a great thing to achieve.
But the thing is practically you can not make such profit daily consistently.
So it is better to set a weekly or monthly target instead of daily target.

If you have 300-500$, daily $10 profit is easy i think. Daily profit is possible, if we target reasonable pips and also ride in the trend. Otherwise, there is some difficult in daily profits.

[dmambi]

aree bhai loos to hoga hi ...but the real thing is how much profit you can make at end of the day even 10$ a day would be enough to make gud money for a month

Friend $10 per day profit is really a great thing to achieve.
But the thing is practically you can not make such profit daily consistently.
So it is better to set a weekly or monthly target instead of daily target.

[venkiaries61]

We can calculate the average profit for a week and a month which is practically good and reasonable. But aiming for daily target is not good and it is hard to achieve whatever experience we have.

Yes , i agree with you. We may target average profits. Or we may not target anything and trade on trends. If we follow this, the profit will be greater than target with no emotions. Its better to not setting targets.