Quit from trading ?

Oct 25, 2019 at 10:31
2,344 Views
48 Replies
Member Since Jul 05, 2017   4 posts
Nov 18, 2019 at 00:34
My biggest problem is finding an honest broker. You might make profits but these crooks would always find a way to steal your money..
mattkoola@
Member Since Oct 24, 2019   45 posts
Nov 18, 2019 at 06:24
@MattKoola Dear Good market research may solve the problem once you will get connected with someone good the whole scenario will be changed
Revenue is vanity, profit is sanity, but cash is king
Member Since Mar 15, 2019   82 posts
Nov 18, 2019 at 06:32
Quiters will never be winners! Risk management, risk management, risk management!
All or nothing
Member Since Aug 02, 2018   5 posts
Nov 19, 2019 at 07:49
MattKoola posted:
My biggest problem is finding an honest broker. You might make profits but these crooks would always find a way to steal your money..
i agree, getting a decent broker is a bliss
Member Since Oct 19, 2019   34 posts
Nov 19, 2019 at 11:17
Smith2525 posted:
Quiters will never be winners! Risk management, risk management, risk management!
Agreed, risk management is the main part. Making efforts to reduce losses is better than quitting, any day. Trying harder can only bring success.
Member Since Jul 05, 2017   4 posts
Nov 20, 2019 at 00:04
Baazex posted:
@MattKoola Dear Good market research may solve the problem once you will get connected with someone good the whole scenario will be changed

Any suggestions for a good broker?
mattkoola@
Member Since Aug 27, 2017   994 posts
Nov 29, 2019 at 14:25
Roberto21 posted:
to be experience about Fx trading is a long time process and for that we the traders who are particularly newcomers lost interest in here after passing sometimes . patience is first of all needed to be an experienced.

Basically which traders try to make money too early, they lose their momentum here! Forex is challenging but not impossible!
Member Since Aug 09, 2017   785 posts
Dec 13, 2019 at 10:49
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
Member Since Dec 09, 2019   60 posts
Dec 17, 2019 at 05:59
Imamul posted:
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck

It is definitely hard for the beginner as they have nothing to back them up aside the financial that they are putting into trading. While I agree with you about mentor, I think it is bit hard to find one now these days these people could pretend to be a good mentor. What could be useful is to read the market‘s movement and trying it out in demo and see what can happen. You could always start with real account with maybe $100 deposit and then try your best to make profit from there. Call quit only if you cannot handle losing and bad emotions.
Member Since Dec 17, 2019   3 posts
Dec 17, 2019 at 06:14 (edited Dec 17, 2019 at 06:14)
feelsofine posted:
Imamul posted:
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck

It is definitely hard for the beginner as they have nothing to back them up aside the financial that they are putting into trading. While I agree with you about mentor, I think it is bit hard to find one now these days these people could pretend to be a good mentor. What could be useful is to read the market‘s movement and trying it out in demo and see what can happen. You could always start with real account with maybe $100 deposit and then try your best to make profit from there. Call quit only if you cannot handle losing and bad emotions.

It is difficult to find a broker, but honestly, a more important feature is just making sure that you are doing well yourself with trading. In the end, these things tend to work themselves out. It's always best to take baby steps to begin trading than to go in head first, kind of as feelsofine alluded to. Just start small or do play money, see what you can make it of, build up from there. Rome wasn't built in a day as they say.
No gamble no future
Member Since Nov 26, 2018   1 posts
Dec 17, 2019 at 06:25
you only lose if your quitting never give up each money you lose is a lesson learned
Risk management is the key
Member Since Jul 31, 2018   537 posts
Dec 17, 2019 at 06:37
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.
Amplifying Returns: Your Winning Formula
Member Since Jan 05, 2016   1189 posts
Dec 18, 2019 at 02:35
GermanyFX posted:
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.

Thank you for offering to share your system, please tell us what the details for the strategy is and the specific rules for it.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jan 05, 2016   1189 posts
Dec 18, 2019 at 02:36
skypgee posted:
you only lose if your quitting never give up each money you lose is a lesson learned



Loss is a part of trading. All traders experience loss.
It's how those losses are handled which will determine if a trader will be profitable over the long term of their career.

The difference between a long term successful trader and a blown account is one simple thing. RISK MANAGEMENT.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jan 05, 2016   1189 posts
Dec 18, 2019 at 02:43
MintDice posted:
feelsofine posted:
Imamul posted:
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck

It is definitely hard for the beginner as they have nothing to back them up aside the financial that they are putting into trading. While I agree with you about mentor, I think it is bit hard to find one now these days these people could pretend to be a good mentor. What could be useful is to read the market‘s movement and trying it out in demo and see what can happen. You could always start with real account with maybe $100 deposit and then try your best to make profit from there. Call quit only if you cannot handle losing and bad emotions.

It is difficult to find a broker, but honestly, a more important feature is just making sure that you are doing well yourself with trading. In the end, these things tend to work themselves out. It's always best to take baby steps to begin trading than to go in head first, kind of as feelsofine alluded to. Just start small or do play money, see what you can make it of, build up from there. Rome wasn't built in a day as they say.

Pick a highly regulated brokerage with a strong guarantee of asset protections.

Start on demo and stay there until you can make a reasonable profit level for a minimum of 3 to 6 months in a row.

Then move up to a micro or cent account. There is a strong psychological impact for most people when it comes to moving to a live account from demo.

Only invest money you don't care about losing and will have NO IMPACT on your life when the account is blown.

Focus on RISK MANAGEMENT as the #1 priority.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Sep 27, 2019   10 posts
Dec 18, 2019 at 11:32
Professional4X posted:
GermanyFX posted:
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.

Thank you for offering to share your system, please tell us what the details for the strategy is and the specific rules for it.

Please provide the rules I am very interested to read about your system
Member Since Oct 07, 2019   39 posts
Dec 31, 2019 at 12:14
steveday1976 posted:
kamikazebogeyman posted:
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in
yes i have been able to relate to that in the past.
Yes no one can avoid that. But with honest efforts and sound trading plan one can definitely become a profitable trader.
Member Since Oct 22, 2019   33 posts
Dec 31, 2019 at 12:20
GermanyFX posted:
If you want to be profitable in no time I can you a system with few strict rules and then you can be profitable. Must follow the riles.
That’s nice what rules are you talking about btw?
Member Since Apr 18, 2017   920 posts
Jan 02, 2020 at 15:18
Gabriel99 posted:
steveday1976 posted:
kamikazebogeyman posted:
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in
yes i have been able to relate to that in the past.
Yes no one can avoid that. But with honest efforts and sound trading plan one can definitely become a profitable trader.

On the whole, which traders have a long term plan on learning only they can enjoy their real trading! There is nothing like shortcut way of learning in Forex!
Member Since Jul 23, 2020   759 posts
Aug 30, 2020 at 15:28
AmDiab posted:
Imamul posted:
its a common reality , there is none who quit from trading for lifetime. we discourage after having losses and come back again after a while.

You are wrong! The number is quite big; but good news is, in everyday a number of new traders are joining here!
Right. Traders are joining and quitting the market every day. But few are come back. I think loss is the reality in every business. We have to accept the fact and continue trading.
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