What is better increase deposit or withdraw profit?

Hi folks,

 

I know views are conflicting on the question above (and both can be considered to be correct) but what do you think? I made 5K trading with Hotforex and now I think that's it and I should quit the game. But from the other hand I can do even better make more money and make trading my primary occupation.. So what to do??

 

Need your help ASAP. Thanks in advance..

 

Moved to Beginners Section which is the proper place for this posting.

Edited September 1, 2014 by FloridaTrader

if you already has a job and you are taking forex as a part timer, then continue it for some time, then if you think you can sustain with forex you should go for it.

withdraw profit is better...

take some free account and get witdrawal from it...

 

You make a lot of strange postings noob, one cannot withdraw from a demo (free) account.

Edited September 1, 2014 by FloridaTrader

if it was me, Id set aside some of that 5k, maybe get back my investment! quitting is not a good option i say! but its better to be safe so take some of it and continue playing it safe!! I think a bigger account is safer than smaller ones just keep your RR management at bay! best of luck and well done! :)

Its important to book profit and whenever you make a profitable trade , just withdraw some amount from it, reinvesting in the long run might end up gaining nothing.

in instaforex we can trade using bonus posts. with bonus post we can trade. without the need for a deposit. if we can trade well then we can make a withdrawal

 

yeah yeah... this one is my favorite broker...

 

Actually you spam for the broker. Keep in mind that you are FAR from the smartest person on this forum and you have been caught and warned not to spam again or you will be banned noob.

Edited September 1, 2014 by FloridaTrader

You should take a percentage of profit out everytime you make a profitable trade, you might risk your reinvested money in the long run.

Hi folks,

 

I know views are conflicting on the question above (and both can be considered to be correct) but what do you think? I made 5K trading with Hotforex and now I think that's it and I should quit the game. But from the other hand I can do even better make more money and make trading my primary occupation.. So what to do??

 

Need your help ASAP. Thanks in advance..

 

Withdraw a part for your bills, and use remaining amount for increasing the deposit if you believe you can make more.

Withdraw a part for your bills, and use remaining amount for increasing the deposit if you believe you can make more.

 

Its upto you but make sure that you must withdraw a part of your profit, if you are making consistently the depositing again is also a good option.

Its upto you but make sure that you must withdraw a part of your profit, if you are making consistently the depositing again is also a good option.

 

Withdrawing the part of profits is needed for every trader. This is a way to make consistency in trading quality. :-bd

Withdrawing the part of profits is needed for every trader. This is a way to make consistency in trading quality. :-bd

 

Actually, one should withdraw only when you need the funds, otherwise use the balance to increase your lot size and make more money.

Actually, one should withdraw only when you need the funds, otherwise use the balance to increase your lot size and make more money.

 

Yes, this is way to increase the trading volumes or compounding. I think the traders can manage the percentage the part of withdraw and compound. Happy trading. :-bd

Actually, one should withdraw only when you need the funds, otherwise use the balance to increase your lot size and make more money.

 

thats what i usually do, just leave the profit there coz the bigge the account the better, if i withdraw funds for emergency or sudden purchases i make sure to deposit them back when i have enoguh money on hand :D

if you have other sources of income to maintain yourself bills, I will suggest you leave your profit and trade with it; when I started out as a newbie with Profiforex, the first profit of $500 I made, I withdrew it cause I was so anxious to get my profits, I was paid the profit within 24 hours. Whenever am not in a pressing need for money, I leave my profits and trade with it.

Actually it is a very important question. Though I trade with Hotforex I never tried to trade with two or more brokers simultaneously to avoid spreading my attention to several points. I concentrated on trading majors with fixed spread account, sometimes I get very good avantage with it especially during high-impact news release when spread widenings may reach 5-6 pips..

withdraw you profit. it has an important impact for your trading psychology, a real money is a money on your pocket not on your trading account. your trading equity is still an investement state, not yet a real profit to made.

You should atleast withdraw some part of your profit as if you reinvest it and in future you have to face some major loss then at the end you will left with zero profit from the market.

I would definitely withdraw a part of the profits, well, and a part put into circulation again.

If you're trading with a Safe broker, it is better to increase your deposit because You can take more risk to win more. Otherwise, if your broker is supposed to steal money from you, then you should go for withdrawal. Thus, I prefer to increase my deposit and withdraw only the amount that I need for living. my broker CTOption offers High Trading Security for us and they do not have any Hidden charge. Again, it takes only a while to withdraw my profits direct to my eWallets.