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WHO trades forex for more than 10 years and keeps making regular profits
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Member Since Oct 25, 2012  59 posts Curran (sareen) Oct 01 at 18:30
represent_KLadno posted:
Hey guys,

I started trading a live account last Friday.

I have been trading since the COV-19 hit (after I lost my painting business) for 6 months on a demo - out of which profitably for the past 10 weeks straight (10% target per week - smashed it every week). I gotta say, it`s not the same with real money - first trade I bought a bearish engulfing right after it formed - that`s how nervous I was. Luckily it turned out to be BE trade with miniscule profit after coming all the way down to 2 points from my SL. I`m strict when talking about risk management - strictly no more than 1% Risk, managing Reward as per price action - but aiming for at least 2:1 reward to risk ratio before placing the order. I had a great trade on GBPJPY on Wednesday (5:1) and extra few good ones (3:1s and 2:1s) throughout the week. I have been very jittery though - missing opportunities left, right and centre. But, I`m trying to focus on the positive rather than negative. Life is great - hit my target this week with zero negative days, learning more as I go. Plus, I genuinely enjoy sitting in front of the charts and observing price action - and when I am not trading with real money, I am paper trading in my head.

I am up close to 14% for the first week. I`ve never been happier. But, I need a mentor - with my increasing understanding I realise how very little I know ... Is there anyone amongst you with a lot of patience and experience willing to teach me how to become an ICBM?

Thank you,

Keep up the good work
Patience and perseverance are key
Do not worry about missing trades but be sure to continue to stick to your plan
It doesn't even seem like you need a mentor but definitely good to have someone who can mentally support you
Being nervous is normal but what I'd recommend is start with small positions/low risk and as you gain confidence you can scale it up
Happy to connect nonetheless
Good luck with the last day of the week tomorrow and be wary of the NFP!

When you lose, don't lose the Lesson

Member Since Oct 25, 2012  59 posts Curran (sareen) Oct 01 at 18:35
A random note as well,
I started a new strategy at the beginning of November last year after a 3 year break from Forex
I'm happy to say that it has been performing well albeit some set-backs and I will be celebrating the 1 year anniversary of trading this system at the end of this new month
The time has simply flown by
Happy trading everyone & may the odds be ever in your favour

When you lose, don't lose the Lesson

Member Since Aug 23, 2020  142 posts ProfitsOnly () Oct 03 at 08:19
If there is any decision I took decade plus ago, it's getting to be a Trader, if you become professional, trading is so easy as you can make profits and leave. But if you are not, you will always end up losing. Becoming a proffesional is not a day job, it took me more than a year as far back as 2007


Member Since Oct 05, 2020  9 posts Martin (martinsanz) Oct 05 at 10:51
Maintaining profits every day, week, season,... is very difficult if you haven't a solid sytem of trading. That means you could spend a lot of time (years) to be a pro.

My experience is my treasure. I spent more than 5 years, and specialy the last 3.

I recommend to traders tired of get loss (won/lost won/lost ....) but at the end few profit or even few lost, that they apply for a good signal plan.

That was my lifesaver. Now I am a profitable trader. Thaks God.

99% of winning rate is possible !!!

Member Since Sep 30, 2020  11 posts Pointingmark Oct 12 at 09:34
As long as you keep walking on the right path and will stick to your original plan, it will be just fine. Don’t worry and trust your instincts. Starting with small positions will help boost your confidence. Good luck, it doesn’t look like you need a mentor.


Member Since Jun 16, 2020  24 posts christielowe Oct 13 at 05:51
Profits only increase with experience, at least they get consistent. So anybody who has been trading for about a decade will continue to do so.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.