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I have great trading skills but I lost million dollars...

FXtrader2010
Sep 18 2015 at 15:49
724 posts
you don't need someone to tell you what to do. Discipline only comes from the self! whatever profit you make can easily lose twice as much.

marketshark382 (marketshark382)
Sep 20 2015 at 08:34
35 posts
Without risk management, you are no different than a gambler. You are not a trader.

And btw you are using metatrader and FXCM, enough said.

It's all in the mindset.
PAQT
Sep 21 2015 at 06:08
8 posts
Sorry for hijacking this thread but what in particular is wrong with Metatrader and FXCM?
(Been using both and found no serious flaws...)

marketshark382 (marketshark382)
Sep 21 2015 at 06:25
35 posts
Metatrader for its technical flaws in its design, it was not designed for DMA even with STP bridges. Slow executes, default slippage because of added latency of how its designed, requotes etc..
FXCM, well as long as you are happy with it, that's fine. Just saying there are better alternatives out there.

It's all in the mindset.
marketshark382 (marketshark382)
Sep 21 2015 at 06:25
35 posts
For example, do you notice the added latency when you execute market order on metatrader if you haven't executed one in past xxx seconds? (there is the settings in the bridges, I think) It will check your credentials again if you were timed out for not executing a trade in past xxx seconds, and just this adds latency and slippage to your trades. That's why it is normal to not get the price you see on metatrader, because by then the price has moved already.

I am not a developer, I was a metatrader too but I did some research as to how it functions as a platform, the software is 10 years old. The world has moved on.

It's all in the mindset.
William82 (William82)
Sep 21 2015 at 08:17
50 posts
If you are trading high volume, then you need to stick only to high time frames.
Start to analyse market only from H1, H4, D1, etc..

There are also a few great EA's for long term trading, which uses high time frames,
but most of users will not choose such EA's because they just want instant profit day by day..

Let's get down Forex Black Market, expose fake Expert Advisors!
marketshark382 (marketshark382)
Sep 21 2015 at 10:18
35 posts
@fxrider888 no offense, but are you rolling? Your own account is -50% with 60% drawdown.

It's all in the mindset.
marketshark382 (marketshark382)
Sep 21 2015 at 10:18
35 posts
Trolling*

It's all in the mindset.
RainFall
Rainfall0204 (Rainfall0204)
Sep 22 2015 at 17:07
28 posts
LoveA posted:
Dear all,

I have have been trading Forex for 10+ years and working on my trading skills including my mental skills (every thing you can name) as well. I could make 6 figures profits in short period of time. If I can avoid the one bad trading day(s), I should be able to make 7 figures a year. However, I always lose big, very big on the one bad day(s).

After I sew some many great traders and trading systems dispersed in here or other forums, I think trading by oneself can not make one a life time winner. For this reason, I am looking for a live trading partner who can follow my rules to help me to avoid the one bad trading day(s).

Please contact me if you are a full time trader and are located in San Francisco bay area. I trade my money and your share my profits. All you need to do is to come to my trading place (you can work remotely after everything is set) on time and watch me trading.




You get too involved, I am just a beginner with only a few hundred bucks in my account but you're doing the same thing as I do you get really good days and then you get too brave and risk too much and erase all the profits in seconds, if you are really that good then tune down your ambition of 6 and 7 figure income and work on structure, procedure and discipline without those its chaos and failure even if you're 100% profitable everyday you must follow the rules and guidelines in your trading plan because one day there is going to be that one looser trade (or a sequence of trades) that's going to try and wipe you out) also it sounds like you are using Martin Gale strategy or 10-20 pips a day (very high DD strategies with negative R:R) if you are then you may want to switch to those that have positive reward to risk ratio: 2:1 they may be slower but less likely to wipe you out.
btw how the weather in SF bay its hell here in Bakersfield its like satan got kern county on a skillet

togr (togr)
Oct 02 2015 at 11:05
4862 posts
LoveA posted:
Dear all,

I have have been trading Forex for 10+ years and working on my trading skills including my mental skills (every thing you can name) as well. I could make 6 figures profits in short period of time. If I can avoid the one bad trading day(s), I should be able to make 7 figures a year. However, I always lose big, very big on the one bad day(s).

After I sew some many great traders and trading systems dispersed in here or other forums, I think trading by oneself can not make one a life time winner. For this reason, I am looking for a live trading partner who can follow my rules to help me to avoid the one bad trading day(s).

Please contact me if you are a full time trader and are located in San Francisco bay area. I trade my money and your share my profits. All you need to do is to come to my trading place (you can work remotely after everything is set) on time and watch me trading.
It does not matter if you make six or seven figures a day. The important thing how's your trading doing in long term. And also how much do you risk.



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