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<p>Yes, its possible. All you have to do is predict the price rise or fall of any asset listed. And few apps have a timer too. For instance, you've chosen the asset EUR/USD and you predicted the price to rise in the next 5 minutes. If the price at the 5th minute is higher than the price at which you opened the order, then you will get a profit. If the price is lower than the opening price, then you lose your money. Few apps work in a way where you set a limit of profit to gain or stop …</p>
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<p>It depends on what a person's definition of successful implies. It also depends on how much capital you are trading with and how much leverage you are using. A retail day trader has 4 to 1 leverage while a proprietary trading firm trader can leverage up to 30x. An average profitable equities day trader will make about $100k. A good trader will make up to $500k. A great trader can make up to $3 million.</p>
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<p>You would need to predict whether an asset’s price will rise or fall. If you have seen, there are some apps of regulated brokers like and predict that the price will rise in the next 15 minutes. If the price at the 15th minute is higher than the price at which you opened the order, then you will get a profit. But if it is lower than the opening price, you will suffer a loss. Many forex trading apps let you set a take profit and stop loss so that you can limit your losses and maximize profits.</p>
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<p id="isPasted">Yeah of course it is, provided you know how to trade :) Just don’t treat trading as a guessing game, those are the first people to give up because losing money is a lot easier than making it.</p><p>What can surely help is using a platform that supports features like automated trading, indicators, alerts, and is flexible with different trading strategies. I found all this in my broker, fxview and I now trade exclusively with them because just 1 broker helps keep things neat and clean.</p><p>I really can’t be bothered with switching platforms but if you don’t mind doing …</p>
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