Posts by 7forex
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[quote] asiaforexmentor1 posted: Forex Trading Psychology – The Main reason Why Forex Traders Fail Forex Trading Psychology There are many answers in the market to this question: Why do most forex traders fail? - Some blame it on over trading - Some blame it on emotions - Some blame it on revenge mentality - Some blame it on impulse - Some blame it on the market - Some blame it on bad luck - Some blame it on poor entry - Some blame it on not taking profits - etc etc etc As you can see, there will be tons and tons of reasons that explains why forex traders fail. This is all that r......
7forex-live In Trading Systems Jan 19 2012 at 09:59
My daily goals are +4%; 15 pips and 60% wins My weekly goals are +10%, 50 pips and 60% wins My monthly goals are +50% and 65% wins. And my overall trading goal is to make improvement every day.
Keep doing what you are doing and you will have a lot of clients. Your performance is what investors are looking for!
7forex-live In Trading Systems Jan 18 2012 at 07:59
I am focusing on trading this account with 50:1 leverage and risk up to 5% per trade for 50% monthly compound profit target. You can check my 'Goal" for more details.
7forex-live In Trading Systems Jan 05 2012 at 09:38
1000% a week is hard for both demo and live accounts. This account can't make 1000% at all because it's 50:1 leverage. My goal for this account is 100% a month.
To me, most systems can make money. However, only the traders who can manage their emotion well can really make profits from trading. I trade the same system for many years and only make money when I can manage my emotion well and lost huge when I am trading emotionally out of control.
I really appreciate this thread and all your posts. They help me so much and I need to learn, improve myself from your advices because I always want to get right it to earn what I just lost back after being stopping out. I must think getting stopped out is one of the right thing, instead of thinking I am wrong. I should also walk away from the computer for a while just like Affi2 post. Anyway, I can trade well when I can control my emotion and trade terrible when I am trading emotionally. Must improve myself on this area which is the hardest part of Forex trading.
[quote] TheCyclist posted: But I'll tell you you this. The speed your NAV is changing at indicates the amount of risk you are taking. The faster the changes (both up and down) the more likely you are to wipe out. [/quote] I agree. I must trade better patiently and wait for the best trading opportunities to reduce the ups and downs. My current winning ratio is under 60% and my goal is to trade better with 75% or higher winning.
I'm new and somewhat lost In New Traders Dec 22 2011 at 19:24
Well, Forex trading is very easy to get in but very difficult to be mastered. You need to invest a lot of time and money to have a little chance to be success and most people can't make consistent profit from Forex trading. However, if you can survive, means you don't lose too fast, you may have a little chance to make it another year which is what you need. You need to ask yourself: Can I commit to it life time with a lot of frustrations, time and money? If not, don't even try. Most Forex trading systems can produce profits if we are mentally health enough. My trading system is very easy. I......
Some as me if I can make an EA for my trading strategy and they will help me to do so. My question is that it's possible to make a EA because I only draw support and resistant lines manually on my charts.
Muharram (3h 32min)
Rex On Techs: Nadella’s cloud strategy i...(5 min ago)
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