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Please help me, what's wrong with my trade?
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Mitglied seit May 22, 2012 6 Beiträge
myforexbook
May 24 2012 at 11:39
Hello all, i'm new here. i'm new with trading, and i have so many loss. what's wrong with my trading? please help me.
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Mitglied seit Nov 02, 2009 49 Beiträge
Tony Manso (amelabs)
May 24 2012 at 15:42
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.
www.Forex-Cashflow-System.com |
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Mitglied seit Nov 11, 2009 22 Beiträge
Forex Investment Group/ Roberto Santori (forexboy)
May 24 2012 at 17:37
you have to be properly trained.. If you are having difficulty, it is that you are not reading charts correctly. Professional forex traders always know where the market is heading. For some traders it takes years to become successful. We spend years to develop the skill to trade
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Mitglied seit May 22, 2012 6 Beiträge
myforexbook
May 24 2012 at 20:38
I'm trading using standard indicator, only bollinger band and moving average. mostly using tf 1h. I learn to trade news, looking at economic calendar. but oftenly i'm not patience waiting for the news, and trading only by feeling. for example, i think eurusd tend to bearish, and i open short (sell) position, without any consideration. i make many opened positions simultaneously (for example: eurusd, gbpusd, audusd), and then when all positions in the case of negatif pips soon i feel anxious, then i closed all negatif pips position.
Sometimes I made small amount pips, then after that i made again new open position with bigger volume, even small negatif pips make my account reduce significantly. so, my account becomes lower day by day. Maybe I'm overtrade? What should I do Mr? Thank's for your attention |
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Mitglied seit Nov 11, 2009 22 Beiträge
Forex Investment Group/ Roberto Santori (forexboy)
May 24 2012 at 21:14
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 |
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Mitglied seit Nov 11, 2009 22 Beiträge
Forex Investment Group/ Roberto Santori (forexboy)
May 24 2012 at 21:33
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Mitglied seit May 22, 2012 6 Beiträge
myforexbook
May 25 2012 at 12:16
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 I really appreciate your advice, Mr. If don't mind, would you notify me where I can find mentor of 'Price Action' trading? and i'm very amazed about trade for living. I hope, someday I can achieve living trading forex too. I hope in the future I can be a competent trader, and trading easily just like you. Thank you very much for your kindness. |
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Mitglied seit Nov 11, 2009 22 Beiträge
Forex Investment Group/ Roberto Santori (forexboy)
May 27 2012 at 18:22
http://www.universaltradingprofits.com/?hop=cellx99
it cost only 57 dollars for via ebook on price action. if you want a mentor, and learn to become a professional trader, I can teach you forex for 49.00 per month or 2 year membership of 387.00 You will receive 5 personal coaching sessions each session is one hour long via web conferencing plus trading signals everyday www.forexinvestmentgroup.us.com |
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Mitglied seit Jan 25, 2012 13 Beiträge
forexsoftwareshop.com (gridforex)
May 28 2012 at 15:15
myforexbook, what is your profit target? It is likely that you're trying to earn too much as possible, the normal return of 30-40% per year. But if you try to earn 50% per month, your forex business has already bound to fail!
forexsoftwareshop.com |
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Mitglied seit Mar 04, 2012 3 Beiträge
Adil S. (Rifouly)
May 28 2012 at 18:12
First of all my friend dont be naiv.
Why should somebody take money to teach you when he got the holy grail? The key in Forex is for me Moneymanagment and Risk Managment. Look for a simple Strategy and dont look for a Strategy that work 100% you will never find it. The Pros have loses,too. |
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