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Please help me, what's wrong with my trade?
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Member Since Nov 11, 2009 22 posts
Forex Investment Group/ Roberto Santori (forexboy)
May 28 2012 at 18:21
Successful traders that teach do it for the joy of helping others so they do not have to go thru the losses that is waiting for them if they do not get professional help. they have spent years refining their skills and should be compensated.
I find that traders that have had years of experience think it is easy for a newbie to just follow a few simple guidelines and they will be ok.. not so.. It is not just simple risk and money management and finding a simple strategy , Many need a lot guidance... after teaching over 1000 students over 5 years this is what I have found.. |
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Member Since May 17, 2011 11 posts
Mrdegorbi
May 29 2012 at 08:41
Yes... following other traders gives nothing...you have to find your own strategy and method...you need to loose at the beginning to gain in future...no pain no gain ;)
Lack of patience is one of the most important reasons of forex traders failure |
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Member Since Jan 25, 2012 13 posts
forexsoftwareshop.com (gridforex)
May 29 2012 at 10:14
forexboy posted: Successful traders that teach do it for the joy of helping others so they do not have to go thru the losses that is waiting for them if they do not get professional help. they have spent years refining their skills and should be compensated. I find that traders that have had years of experience think it is easy for a newbie to just follow a few simple guidelines and they will be ok.. not so.. It is not just simple risk and money management and finding a simple strategy , Many need a lot guidance... after teaching over 1000 students over 5 years this is what I have found.. Can you show any successful real account? I see only a demo account in your monitoring! forexsoftwareshop.com |
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Member Since May 10, 2012 71 posts
LK Wong (lkwong)
May 30 2012 at 06:19
Heres a free piece of advice.
The next time you look at someone's trading system, the first, and possibly one of the very few things to be looking at is equity growth. Hint : Its the yellow line Next piece of advice is going to cost you. :) The YELLOW line should always be above the RED line. It means you've cut your losses, and let your winners run. |
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Member Since Jan 05, 2012 2 posts
fxarturo
May 30 2012 at 06:20
amelabs posted: It's ok to have losses as long as your wins make up for the losses. Can you describe your strategy? Maybe I can help. their robot lost me money |
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Member Since May 17, 2011 11 posts
Mrdegorbi
May 30 2012 at 16:10
You need to trade one pair for the beginning ...its difficult to pay attention to 3-4 pairs in one time... concentrate on one pair...be patient wait until you see the correct moment to enter...start with scalping..its easier than long term trading......don't try to gain as much as you think you can... be satisfied gaining 2-3% per day...price action ,MACD ,Pivot levels and TMA will be enough to make correct enter...to many indicators will 'kill' you ;)
forexboy posted: I understand.. but you are doing everything a new trader does and you will have a very short trading career if you continue to trade this way.. You need to be professionally trained. There are many good teachers out there. I learned from very successful forex traders and I now I make a living trading forex. One area you can start is learn how to trade 'price Action' it is better than using indicators. Indicators are fine but they are lagging and frequently the move has already finished by the time an indicator tells you. News events are very tricky and you need to have a lot of experience to trade the news or follow a mentor like Henry Lui. He has a live chat where he trades the News with his students. My best advise is find a successful mentor and follow everything he does, then you have learned all the secrets and tricks to forex and can be an independent thinker and start placing trades on your own.. For me trading forex is very easy now but I had to learn and study everyday for a few months before I was consistently profitable Lack of patience is one of the most important reasons of forex traders failure |
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Member Since May 07, 2012 2 posts
e_bon
Jun 02 2012 at 21:45
After 3 month start learning Forex, I have some conclusion :
- Forex is : probability ( winning trade vs loosing trade), so you have to minimize your loosing, and maximize your winning (risk vs reward ratio) --> money management - Do not using big lot that you can't handle, because this make you fear of loosing - Not every time you can Open Trade, you have to wait.... wait for the low risk and high reward ratio probability. - There is no holly grail, if you can't handle your self... (Fear & Greed) - Always be Discipline!! Knowing is not enough, we must apply - Willing is not enough, we must do" |
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Member Since Jan 27, 2012 10 posts
NDFX (Nda_666)
Jun 04 2012 at 18:47
That's right,Greed is the scariest enemy for beginners
I dont care about how high you pride your gain,what I seek is the safety of the account it self |
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Member Since Jun 05, 2012 6 posts
ORafael
Jun 06 2012 at 06:22
e_bon posted: After 3 month start learning Forex, I have some conclusion : - Forex is : probability ( winning trade vs loosing trade), so you have to minimize your loosing, and maximize your winning (risk vs reward ratio) --> money management - Do not using big lot that you can't handle, because this make you fear of loosing - Not every time you can Open Trade, you have to wait.... wait for the low risk and high reward ratio probability. - There is no holly grail, if you can't handle your self... (Fear & Greed) - Always be Discipline!! Very, very right told!!!! |
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Member Since May 22, 2012 6 posts
myforexbook
Jun 06 2012 at 09:46
What is the best pair to trade?
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