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How much have you lost in forex trading?

Fernandezz
Sep 18 2014 at 20:17
17 Posts
How much have you lost in forex trading?
How much have you lost before developing a winning strategy?

Please answer only if you have had a REAL account and your initial deposit was MORE THAN 25k. :) Thank you.

PipGnostic
TheCyclist
Sep 19 2014 at 06:20
724 Posts
$50 000 is the short answer.

That includes 18 months development costs at Oanda for $600 a month for 18 months and 10 years of server rentals. And a few false starts.

The money is actually the lesser aspect of it. It's the time it took that was/is the biggest cost. So big in fact that I might never fully recover it.

The only way I can ever recoup it, is if I can take the rest of my life off and never have to worry about money again. And that's unlikely to happen.

PipGnostic
TheCyclist
Sep 19 2014 at 07:35
724 Posts
But I suppose I should also mention I took $10k to $250k in 6 months on equities once, trading warrants...

Fernandezz
Sep 19 2014 at 13:21
17 Posts
That's terrible. Have lost around 35k. Hope your account is growing now and recover all the loses soon.

Fernandezz
Sep 19 2014 at 13:22
17 Posts
I didn't see the second reply until I refresh the page. I was going to wish you luck, but now I realize I really don't have to becuase you have plenty of it. :D Happy trading!

PipGnostic
TheCyclist
Sep 20 2014 at 12:10
724 Posts
Luck is not much of a trading strategy.

I've developed good strategies, so the money is not an issue, I'll make it back and a gazillion more. But I do hope people reading this realise what it really takes to make it in not only fx, but trading in general. Years and years of failure and extreme costs in terms of time and money.

I've gone as far as to put myself on coding courses to learn how to code to do this.

You're not going to buy a $50 EA and make money or follow someone else whose most likely got half a clue and make oodles of money.

Fernandezz
Sep 21 2014 at 06:46
17 Posts
Completely agree with you, mate. Truly an inspiring story. Thanks for sharing that. I admire your perseverance and wonderful spirit of a true trader. Congratulations on finding the winning strategies. May you prosper!

jotekfinance
Sep 28 2014 at 12:01
138 Posts
Good for you Pip! great that you kept it up and made out on top.

LoveA
Sep 29 2014 at 06:41
11 Posts
Don't want to mention that. Too much...

notbukaopu
Sep 30 2014 at 06:46
1 Posts
2k,told you is embarrssed

Fernandezz
Sep 30 2014 at 08:51
17 Posts
LoveA posted:
Don't want to mention that. Too much...



Sorry to hear that, buddy. Hope you can gain all that back. Good luck!

Tershia (Geeding1)
Sep 30 2014 at 14:16
11 Posts
$3000 using FAPT2 😡

If it doesn't go your way - it will go my way
Ying Xie (doolph)
Sep 30 2014 at 23:52
26 Posts
I have lost more thant $5000, and 3 years, but it worth of it, because I have developed a good system.

Tershia (Geeding1)
Oct 01 2014 at 14:08
11 Posts
Hi Doolph. Good System sounds good, would you market your system? Im looking to invest in a system for my own personal use, be it an indicator or EA. Can you help me out?

If it doesn't go your way - it will go my way
TheFX4You
Oct 02 2014 at 06:53
92 Posts
doolph posted:
I have lost more thant $5000, and 3 years, but it worth of it, because I have developed a good system.


Good point. It happened with all of us sooner or later.
Only then we start to think about system and same trading plan.

I lost a lot more than $5k. But approximately a year later got everything back + x2 more.

The best lesson, never give up.

Stable 20% per month without manual intervention...
Chistopher Robin (ChrisMuzhik)
Oct 10 2014 at 15:56
65 Posts
not many $3-4k, anyway I returned them fast😎

There can't be enough money
savantfx
Oct 11 2014 at 09:17
101 Posts
A lot i guess.

@ChrisMuzhik Nice system mate.

Marek (thorxahest)
Oct 13 2014 at 06:26
1 Posts
well i spend 3 years learning forex on demo account, a was checking, brokers a lot of strategies, but all of them are different as in real. So i put some small money for the real account to check my in total i lost i thing less than <700$ not so bad i thing :) good luck. now i hope im going with the flow, but im still learning :) GL

tz80
Nov 02 2014 at 07:48
12 Posts
TheFX4You posted:
doolph posted:
I have lost more thant $5000, and 3 years, but it worth of it, because I have developed a good system.


Good point. It happened with all of us sooner or later.
Only then we start to think about system and same trading plan.

I lost a lot more than $5k. But approximately a year later got everything back + x2 more.

The best lesson, never give up.


your EA doesn't work! It's just a plain gambling EA adding to losing position and hope that market will reverse! 60%-70% DD and you still call your EA a performing EA?

mannoj
Nov 02 2014 at 07:59
5 Posts
DEAR,we loose because we fail to follow basic rules ,i have lost occasionally but my account is always + 600 to 700usd ,major pair is eurusd ,jpy/usd,gbpusd ,every day huge volume ,but this forex is all about loosing
😄

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