How to earn more? Real advice from experienced traders.

DenverRRR posted:
I understand your opinion. But I'm more inclined towards manual trading. For me, the adviser makes mistakes more often than it gives really useful signals.

It's because you didn't use a useful EA and a tested one.

Claison posted:

DenverRRR posted:
I understand your opinion. But I'm more inclined towards manual trading. For me, the adviser makes mistakes more often than it gives really useful signals.

It's because you didn't use a useful EA and a tested one.

As we've discussed here before, the best EA is the one you create yourself. But, unfortunately, not everyone can do it.

Whether it is an EA created by yourself or not, stable profit data conquers everything
It's useless to discuss more lol

Rococo_XVII posted:

Claison posted:

DenverRRR posted:
I understand your opinion. But I'm more inclined towards manual trading. For me, the adviser makes mistakes more often than it gives really useful signals.

It's because you didn't use a useful EA and a tested one.

As we've discussed here before, the best EA is the one you create yourself. But, unfortunately, not everyone can do it.

Exactly but I also agree with @EmilyLee that stable profit data is important and also agree with that enough to discuss😄

Claussen posted:

WhiteWitcher posted:
Oh I would be against EA. Lol.

Why so?? It seems that you greatly underestimate the potential of trading with an adviser.

Oh maybe so. But I do not see the point in using an EA. I do not like it at all.

To earn more in trading i feel you should increase your lot size and/or leverage. Once enough profit is made you should scale up on lot size for higher profit turnaround. Adjust your R:RR. No EA though... Well not for me

VirgilBanks posted:
To earn more in trading i feel you should increase your lot size and/or leverage. Once enough profit is made you should scale up on lot size for higher profit turnaround. Adjust your R:RR. No EA though... Well not for me

Thanks for the advice. Today I will try to increase the lot size. If there are favorable conditions for trade.

Claison posted:

Rococo_XVII posted:

Claison posted:

DenverRRR posted:
I understand your opinion. But I'm more inclined towards manual trading. For me, the adviser makes mistakes more often than it gives really useful signals.

It's because you didn't use a useful EA and a tested one.

As we've discussed here before, the best EA is the one you create yourself. But, unfortunately, not everyone can do it.

Exactly but I also agree with @EmilyLee that stable profit data is important and also agree with that enough to discuss😄

Haha. You know, no matter how much time has passed, disputes about the adviser will never subside. 😄😄

Rococo_XVII posted:

Claison posted:

Rococo_XVII posted:

Claison posted:

DenverRRR posted:
I understand your opinion. But I'm more inclined towards manual trading. For me, the adviser makes mistakes more often than it gives really useful signals.

It's because you didn't use a useful EA and a tested one.

As we've discussed here before, the best EA is the one you create yourself. But, unfortunately, not everyone can do it.

Exactly but I also agree with @EmilyLee that stable profit data is important and also agree with that enough to discuss😄

Haha. You know, no matter how much time has passed, disputes about the adviser will never subside. 😄😄

Because the is no 100% in this world and you never can say 100% EAs are bad or 100% EAs are good.

Claison posted:

DenverRRR posted:
I understand your opinion. But I'm more inclined towards manual trading. For me, the adviser makes mistakes more often than it gives really useful signals.

It's because you didn't use a useful EA and a tested one.

Maybe. I have tried different EAs. But so far none of them has brought me the desired profit.

Rococo_XVII posted:
Hello.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?

Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.

I would like to hear real advice from real traders. Or to hear those who are in the same position as me.

That is why I create this thread. Welcome.

Hey there!

I blew up many accounts and lost a lot of money on my way to becoming a profitable trades, last year I became break with my overall PNL.

I have been profitable for 3 years now, imagine how much I lost before that, just to become breakeven last year.

Right now Im starting a very small account and letting the trading journal out to show that you can make a good profit even with a small account and taking a few losses.

Its ok not to feel stability on this business, but if you know how much money you need to live on annual basis then you should know if your account mixed with your approach to the markets are able to provide enough for your lifestyle and hopefully more.

Hope this helps and rock on!

master800ve posted:

Rococo_XVII posted:
Hello.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?

Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.

I would like to hear real advice from real traders. Or to hear those who are in the same position as me.

That is why I create this thread. Welcome.

Hey there!

I blew up many accounts and lost a lot of money on my way to becoming a profitable trades, last year I became break with my overall PNL.

I have been profitable for 3 years now, imagine how much I lost before that, just to become breakeven last year.

Right now Im starting a very small account and letting the trading journal out to show that you can make a good profit even with a small account and taking a few losses.

Its ok not to feel stability on this business, but if you know how much money you need to live on annual basis then you should know if your account mixed with your approach to the markets are able to provide enough for your lifestyle and hopefully more.

Hope this helps and rock on!

Oh how long do you trade at all? You might have a great experience if you trade profitable 3 years already.

It's cool, dude. Can you tell me your secret to success??

WhiteWitcher posted:

master800ve posted:

Rococo_XVII posted:
Hello.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?

Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.

I would like to hear real advice from real traders. Or to hear those who are in the same position as me.

That is why I create this thread. Welcome.

Hey there!

I blew up many accounts and lost a lot of money on my way to becoming a profitable trades, last year I became break with my overall PNL.

I have been profitable for 3 years now, imagine how much I lost before that, just to become breakeven last year.

Right now Im starting a very small account and letting the trading journal out to show that you can make a good profit even with a small account and taking a few losses.

Its ok not to feel stability on this business, but if you know how much money you need to live on annual basis then you should know if your account mixed with your approach to the markets are able to provide enough for your lifestyle and hopefully more.

Hope this helps and rock on!

Oh how long do you trade at all? You might have a great experience if you trade profitable 3 years already.

I began my trading Journey 6 years ago, hit a lot of rocks on the way.

How long have you been trading?

Hi @Rococo_XVII

Trading requires depend a lot on the consistency of your strategy and patience of execution and following them. This also include money management e.g. lot size, s/l and t/p level for every of your trades.

It took us a few years before we became profitable and consistent and have been doing so for the consecutive 2 years+.

Every trades should have a threshold like 2-3% of your capital, and never impulse trade. Keep calm and follow the strategy you have planted for your portfolio.

Lastly we mainly perform manual trades and limit orders and monitor the market time to time with swing perspective.

This allow time for us to continue to focus with our daily life without spending too much monitoring the trades.

All the best fellow traders.

Regards,
TradingFXVPS.

Wow. 6 years of trading. I dream that I can trade successfully for such a long time.

Claison posted:

Rococo_XVII posted:

Claison posted:

Rococo_XVII posted:

Claison posted:

DenverRRR posted:
I understand your opinion. But I'm more inclined towards manual trading. For me, the adviser makes mistakes more often than it gives really useful signals.

It's because you didn't use a useful EA and a tested one.

As we've discussed here before, the best EA is the one you create yourself. But, unfortunately, not everyone can do it.

Exactly but I also agree with @EmilyLee that stable profit data is important and also agree with that enough to discuss😄

Haha. You know, no matter how much time has passed, disputes about the adviser will never subside. 😄😄

Because the is no 100% in this world and you never can say 100% EAs are bad or 100% EAs are good.

Yes. I am totally agree with you. Even among trading strategies there is no one that will bring only 100% profit.

TradingFXVPS posted:
Hi @Rococo_XVII

Trading requires depend a lot on the consistency of your strategy and patience of execution and following them. This also include money management e.g. lot size, s/l and t/p level for every of your trades.

It took us a few years before we became profitable and consistent and have been doing so for the consecutive 2 years+.

Every trades should have a threshold like 2-3% of your capital, and never impulse trade. Keep calm and follow the strategy you have planted for your portfolio.

Lastly we mainly perform manual trades and limit orders and monitor the market time to time with swing perspective.

This allow time for us to continue to focus with our daily life without spending too much monitoring the trades.

All the best fellow traders.

Regards,
TradingFXVPS.

Thank you for your recommendations. What trading strategy do you follow? You did not have a stable income due to lack of experience? Or did additional factors work due to the lack of a sufficient deposit and incorrect risk calculations?

master800ve posted:

Rococo_XVII posted:
Hello.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?

Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.

I would like to hear real advice from real traders. Or to hear those who are in the same position as me.

That is why I create this thread. Welcome.

Hey there!

I blew up many accounts and lost a lot of money on my way to becoming a profitable trades, last year I became break with my overall PNL.

I have been profitable for 3 years now, imagine how much I lost before that, just to become breakeven last year.

Right now Im starting a very small account and letting the trading journal out to show that you can make a good profit even with a small account and taking a few losses.

Its ok not to feel stability on this business, but if you know how much money you need to live on annual basis then you should know if your account mixed with your approach to the markets are able to provide enough for your lifestyle and hopefully more.

Hope this helps and rock on!

Thank you for your support. I also blew up my account at one time, so I trade extremely carefully after that. How much money did you lose before reaching a stable income?