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CAN RETAIL TRADERS MAKE MONEY IN FOREX ? ANSWERS FROM PROFESSIONAL TRADERS

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Can retail traders make money in retail forex trading? I come from a background where i get to talk to professional traders because of my finance education in Singapore. A lot of people asked me whether can forex be profitable especially for forex retail traders. I've talked to a professional trader friend recently and he reminded me that why retail traders fail is because they don't practice what the typical professional trader practices. Successful retail traders are not that common because they only comprise 10% of the retail trading industry. If you are wonering whether can forex really earn money for you, it depends on the retail trader himself. Top retail traders are very consistent in all aspects of their trading. Of course they need a good system to be consistent as a retail forex trader. I'll do a video on the difference between professional vs retail trader soon to give you a better picture of what successful retail traders do and what you can learn from a professional trader forex. For now, i just want to answer the question whether can you make money in forex trading or not. Whether can forex be profitable for you with so many things stacked against you. --------------------------------------------------------------------------------------------------- Singapore youtuber profile: Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest. This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders. It's also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore. Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members. She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then. Email: [email protected] Website: http://www.karen-foo.com Facebook: https://www.facebook.com/KarenFooSpeaker Instagram: https://www.instagram.com/imkarenfoo/ MENTORSHIP PROGRAM ONLY FOR SERIOUS HUSTLERS : http://bit.ly/2qkIvRj ------------------------------------------------------------------------------------------------------ Music Credit: Adventures by A Himitsu https://soundcloud.com/a-himitsu Creative Commons — Attribution 3.0 Unported— CC BY 3.0 http://creativecommons.org/licenses/b... Music released by Argofox https://youtu.be/8BXNwnxaVQE Music provided by Audio Library https://youtu.be/MkNeIUgNPQ8 https://youtu.be/j7UwoCFXesI
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Text Comments (55)
HA LO (1 month ago)
Can retail forex market last forever?
Karen Foo (1 month ago)
As long as currencies are still here and money is still flowing
Puga Nesh (5 months ago)
Hi Karen, thanks for eye opening video on retail and pro teaders comparison. The one thing i learnt myself- good trading strategy- persistence-treat trading as if you are already a freaking millionaire. Beginners will nail it if they follow the above. Just a humble opinion. Thank you again.
Karen Foo (5 months ago)
Hi Puga. Thank you for your compliment. And you're most welcome :)
ELECT CHIBUNNA AUGUSTINE (6 months ago)
you always talk about risk management, how best do I do that? please do a video on that
Karen Foo (6 months ago)
Coming up soon
Thuta Myint Zaw (6 months ago)
Hey Karen, May I know what platform are u using to trade fx?
Karen Foo (6 months ago)
Bloomberg and sometimes mt4
Kofi Appiah (6 months ago)
Nice video
Karen Foo (6 months ago)
Thank you 🙂
Jun Jie (6 months ago)
Hi Karen, you mention about broker trading against retail traders. Maybe you may wanna share what broker you are currently using ?
Karen Foo (6 months ago)
Hi Jun Jie. You can email my team for details ([email protected])
Occie Holloway (6 months ago)
not this time LOL we got tricks FOREX
Occie Holloway (6 months ago)
racist white people
Occie Holloway (6 months ago)
we broke up because they was trying something the white people
Occie Holloway (6 months ago)
don't be nervous
Occie Holloway (6 months ago)
I know how you feel my last girlfriend had real ninjas as brothers
Occie Holloway (6 months ago)
that's why I said I will watch our kids you move around shit
Occie Holloway (6 months ago)
lol
Occie Holloway (6 months ago)
LOL I'm to fast for them we might meet one day
Occie Holloway (6 months ago)
they know who I'm communicating with and who I love
Occie Holloway (6 months ago)
ok
Occie Holloway (6 months ago)
you humble me
Occie Holloway (6 months ago)
hey thank I'm with you your keeping me alive black Marines
Si Jun (6 months ago)
How do i join a hedge fund as a traders?
Karen Foo (6 months ago)
Having a finance degree from a reputable university and not just any school.
jason norino (6 months ago)
The one element "Patience"
Karen Foo (6 months ago)
That's great keep it up :)
Keno Trader (6 months ago)
gud video and i ask u plz what about CMT and CTA and CFTe certificate ?
Karen Foo (6 months ago)
Depends on which field you wanna pursue
Occie Holloway (6 months ago)
im trading for APIARY hedge fund
Occie Holloway (6 months ago)
I mean hi Karen
Karen Foo (6 months ago)
hi :)
Occie Holloway (6 months ago)
my grandmother is ill hospice came by can we be friends I'm sorry
Karen Foo (6 months ago)
Sorry to hear that. Hope she will be fine
Occie Holloway (6 months ago)
hi baby I love you
TiKKO (6 months ago)
Stop
Austance Ling (6 months ago)
Be extremely selective on your trades.
Karen Foo (6 months ago)
Yes. Selective of good high probability trades
Amanda Cherra & Co (6 months ago)
How do we know the broker is trading against us?
Karen Foo (6 months ago)
It's common among market makers
oussama youssfi (6 months ago)
To those haters of karen foo : remember the more haters a successful person gets the more it pushes him to double his hard work . It's the missile that burns energy and makes karen foo exceptional. Keep calm and carry on dear karen
Karen Foo (6 months ago)
Awww... thank you . Thanks for the good reminder :)
oussama youssfi (6 months ago)
Elements that helped me making consistent money :1) lot of hard work and little trades . 2) take losses and let profit run.
Karen Foo (6 months ago)
Those are really good practices and habits. Keep it up :)
Karen Foo (6 months ago)
To my supporters, what is the one element that helped you stayed consistent as a retail trader? P.S. To my haters, if you don't even come from the finance industry, especially if you can't even step into the top finance school in Singapore because it's hyper competitive, and if you haven't went to any of the trading floors that I've mentioned, and you just assume that I can't trade because of a couple of videos that you watched and then just make assumptions with your own imagination. Please be kind to go fuck off I'm not here to impress you.
paulrussell125 (3 days ago)
Believing in my own confidence and not panicking. My stop losses were far too tight and I wasn't giving the trade time to bounce and retrace etc.
Andyrfa (2 months ago)
+bud morton would You like to share how did You blow up your account? I need a lesson from the experienced before I blow mine. Thank You so much in advance.
David Aw (6 months ago)
But you are a brave woman. I'm camera shy or I don't feel qualified enough to teach.
David Aw (6 months ago)
Ouch. If your can't elicit emotions in your presence. You are boring. So focus on those who need your help. Be glad there are trolls. They help add comments in your channel.
Kofi Appiah (6 months ago)
Karen Foo Thank you!!

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