Edit Your Comment
Im lose...
Mitglied seit Oct 23, 2010
198 Posts
Nov 22, 2014 at 16:10
Mitglied seit Oct 23, 2010
198 Posts
TheFX4You posted:Marketorder posted:
I thought it was 90%futama99 posted:
You are not alone, 95 % retail traders loss. Loss another $10,000 in couple of years, and you will start making profit :)
The reason why people lose is they don't open a practice account. Practice until you have months of profit and then start slow. Allot of people don't have the discipline to wait before they get good or they use robots
I agree, you need to do practice on demo.
And there are not so many loss traders.
Some time ago i saw article at 'forexlive' they published actual statistics.
https://www.myfxbook.com/community/general/thefx4you--his-ea-rtrendtake/836607,1
Mitglied seit Jun 09, 2014
138 Posts
Mitglied seit Feb 22, 2011
4862 Posts
Nov 25, 2014 at 15:21
Mitglied seit Feb 22, 2011
4862 Posts
ABSNET posted:1. Create trading plan.
why???
2. Stick to it and trade it.
3. Evaluate the results
4. If you are loosing go back to #1
Dec 06, 2014 at 18:09
Mitglied seit Sep 20, 2012
113 Posts
Give our signal service a try. You can take a free trial now: https://www.myfxbook.com/members/Alpscalp/alpscalp/1034087
Mitglied seit Jun 09, 2014
138 Posts
Mitglied seit Feb 22, 2011
4862 Posts
Dec 07, 2014 at 09:14
Mitglied seit Feb 22, 2011
4862 Posts
jotekfinance posted:@jotekfinance
votogr is pretty much on the ball. step 0.5 study study study.
Good point
Mitglied seit Nov 19, 2014
169 Posts
Dec 08, 2014 at 10:59
Mitglied seit Nov 19, 2014
169 Posts
ABSNET posted:
why???
Depends..
Are you trading Smaller Time Frames or Larger Time Frames?
Are you using Indicators or Candlestick Patterns?
If you are using smaller time frames, it is going to be a much harder challenge to be profitable consistently. Lots of volatility, small trading ranges and short hours in the Day-makes it really challenging.
Larger Time Frames are more stable and give more reliable signals especially based on Candlestick Patterns.
Spent 6 years Day Trading, lost it all. Switched to Swing Trading on the Daily and 4 Hour, never looking back.
Its early days on my Live Account but I am up 13.0% from just 7 trades, with almost 400 Pips made in the last 6 trades. (The Demo Account here tracks my Live Dukascopy Account but is behind by 3 trades
https://www.myfxbook.com/members/DRFXTRADING/duane/1079693). All things equal, I would only need 9 trades for 100% return.
Trades are not as frequent but when they appear, they more than compensate for the wait, giving you profitability with half the effort and twice the reward.
Duane Shepherd
Trade Less, Earn More
forex_trader_163226
Mitglied seit Nov 19, 2013
67 Posts
Dec 08, 2014 at 12:40
Mitglied seit Nov 19, 2013
67 Posts
DRFXTRADING posted:ABSNET posted:
why???
Depends..
Are you trading Smaller Time Frames or Larger Time Frames?
Are you using Indicators or Candlestick Patterns?
If you are using smaller time frames, it is going to be a much harder challenge to be profitable consistently. Lots of volatility, small trading ranges and short hours in the Day-makes it really challenging.
Larger Time Frames are more stable and give more reliable signals especially based on Candlestick Patterns.
Spent 6 years Day Trading, lost it all. Switched to Swing Trading on the Daily and 4 Hour, never looking back.
Its early days on my Live Account but I am up 13.0% from just 7 trades, with almost 400 Pips made in the last 6 trades. (The Demo Account here tracks my Live Dukascopy Account but is behind by 3 trades
https://www.myfxbook.com/members/DRFXTRADING/duane/1079693). All things equal, I would only need 9 trades for 100% return.
Trades are not as frequent but when they appear, they more than compensate for the wait, giving you profitability with half the effort and twice the reward.
Duane Shepherd
couldnt have said it better myself.
remmeber guys, the only people who get rich from scalping or trading the daily noise is your broker... who gets a commission on each trade..
Mitglied seit Jan 25, 2010
1360 Posts
Dec 11, 2014 at 18:20
Mitglied seit Jan 25, 2010
1360 Posts
I bet you haven't lost as much as me! 😉
At least I am the champion somewhere (cumulative losses)... 😝
At least I am the champion somewhere (cumulative losses)... 😝
Mitglied seit Nov 20, 2014
3 Posts
Mitglied seit Jan 25, 2010
1360 Posts
Jan 02, 2015 at 17:46
Mitglied seit Jan 25, 2010
1360 Posts
jackthedog666 posted:
Losing is the best way to learn trading IMHO. There's no such online lessons or something like your own experience
Absolutely! Stay positive! I just lost my account again, and I am on track to lose over $500k since I started forex in 2008.
Great stuff! Fantastic really! Forex is the best investment there is!
I can teach you to trade like me but it will cost you a lot of money (and I don't mean tutoring costs).
forex_trader_29148
Mitglied seit Feb 11, 2011
1916 Posts
Jan 02, 2015 at 21:31
Mitglied seit Feb 11, 2011
1916 Posts
yes the best way to learn i agree, i learn a lot as well😂
Mitglied seit Jun 09, 2014
138 Posts
Mitglied seit Jan 25, 2010
1360 Posts
Jan 04, 2015 at 22:59
Mitglied seit Jan 25, 2010
1360 Posts
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Jan 05, 2015 at 01:37
Mitglied seit May 31, 2012
4 Posts
BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Why do you keep on trading (and losing money) then???
Tough time don't last...Tough people do
Mitglied seit Jan 25, 2010
1360 Posts
Jan 05, 2015 at 01:51
Mitglied seit Jan 25, 2010
1360 Posts
bradipx posted:BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Why do you keep on trading (and losing money) then???
Because I am a fool.
Because I want to prove a point.
Because I have no real purpose to my life.
What about you? A good question that every retail trader should ask themselves.
forex_trader_163226
Mitglied seit Nov 19, 2013
67 Posts
Jan 05, 2015 at 01:51
Mitglied seit Nov 19, 2013
67 Posts
I think you can win in trading, the reason most lose is that they are way under capitalized.
if you trade a higher time frame and use proper money management then you will make money...
the reason most dont do that, is because most only have an average of 1,000 in the account and to make 2% a month is not worth the effort.. typically most people are trying to make 100% a month every month as their expense are so high, and then you wonder why most lose.
but if you had 1million, and traded trying to just make 2-4% a month , you would make enough to make it worth your time.
if you trade a higher time frame and use proper money management then you will make money...
the reason most dont do that, is because most only have an average of 1,000 in the account and to make 2% a month is not worth the effort.. typically most people are trying to make 100% a month every month as their expense are so high, and then you wonder why most lose.
but if you had 1million, and traded trying to just make 2-4% a month , you would make enough to make it worth your time.
*Kommerzielle Nutzung und Spam werden nicht toleriert und können zur Kündigung des Kontos führen.
Tipp: Wenn Sie ein Bild/eine Youtube-Url posten, wird diese automatisch in Ihren Beitrag eingebettet!
Tipp: Tippen Sie das @-Zeichen ein, um einen an dieser Diskussion teilnehmenden Benutzernamen automatisch zu vervollständigen.