Im lose...
Member Since Jun 09, 2014
138 posts
Jun 27, 2014 at 21:10
Happens to everyone. Stay with it, learn, and you will change the loss to win hopefully
Member Since Nov 06, 2014
28 posts
Nov 08, 2014 at 17:19
Don't worry you are not alone in the club. However losing is part of the game and of experience that we have to make to be a good trader in the future.
Member Since Jun 09, 2014
138 posts
Nov 09, 2014 at 12:50
Yeah, keep your chin up.... if you can afford it :)
Member Since Nov 06, 2014
114 posts
Nov 10, 2014 at 08:04
I thought it was 90%
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
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
forex_trader_163226
Member Since Nov 19, 2013
67 posts
Nov 10, 2014 at 16:30
another reason people lose is they trade small time frames.. If you opened the 1d TF and saw how easy it is to see trends you would be amazed.
the only issue is that you cant be trading huge lot sizes as when you scalp the smaller time frames.
I typically trade 0.01 per 1,000 in my account per trade. ( sometimes per 2,000 just to be safe)
focus on booking pips rather than dollars and you will become a much better trader
the only issue is that you cant be trading huge lot sizes as when you scalp the smaller time frames.
I typically trade 0.01 per 1,000 in my account per trade. ( sometimes per 2,000 just to be safe)
focus on booking pips rather than dollars and you will become a much better trader
forex_trader_139412
Member Since Jul 16, 2013
385 posts
Nov 11, 2014 at 07:54
TheSmokedAce posted:
focus on booking pips rather than dollars and you will become a much better trader
Couldn't agree more.
Nov 11, 2014 at 08:14
TheSmokedAce posted:
another reason people lose is they trade small time frames.. If you opened the 1d TF and saw how easy it is to see trends you would be amazed.
the only issue is that you cant be trading huge lot sizes as when you scalp the smaller time frames.
I typically trade 0.01 per 1,000 in my account per trade. ( sometimes per 2,000 just to be safe)
focus on booking pips rather than dollars and you will become a much better trader
Trading 0.01 lot per $1,000 means no leverage . Is that right ?
Often , the best trade is no trade at all
Member Since Jun 03, 2010
696 posts
Nov 12, 2014 at 09:47
Marketorder posted:
Lot of people don't have the discipline to wait before they get good or they use robots
Robots generate loss? Please look at my profile. Im using only my own robots.
PAMM MANAGER // Professional Fund Manager
Nov 12, 2014 at 11:03
Practice/demo accounts are good 'practice' but they cannot really provide anywhere near the experience of the live/real account. Trading performance is predominantly down to decisions, and what affects decisions more, knowledge or experience? Start off small, these days you can trade on as low as 0.07 GBP per point. Start with the demo but then quickly move onto a real account with minimal risk to allow yourself to adjust to the fact that you will lose trades and will therefore lose money. It is the manner of this transition which causes many to misjudge the state of mind and architect required for trading with conviction and true mastery.
When you lose, don't lose the Lesson
forex_trader_163226
Member Since Nov 19, 2013
67 posts
Nov 14, 2014 at 14:44
tranle447 posted:TheSmokedAce posted:
another reason people lose is they trade small time frames.. If you opened the 1d TF and saw how easy it is to see trends you would be amazed.
the only issue is that you cant be trading huge lot sizes as when you scalp the smaller time frames.
I typically trade 0.01 per 1,000 in my account per trade. ( sometimes per 2,000 just to be safe)
focus on booking pips rather than dollars and you will become a much better trader
Trading 0.01 lot per $1,000 means no leverage . Is that right ?
I typically have 6-10 positions going, so I have leverage...
The decision to use such a low amount is after years of killing account, I have realized that the easy money is on the higher time frames... but in order to survive on this time frames you need to be able to handle a 200 pip move against you with out batting an eye. I set my trades when the new daily candle starts, using limit orders, and then walk away, and not check on it until the next daily candle... this way im in true trends, not in the noise/manipulated market of the minutes/1h charts
Member Since Sep 09, 2014
65 posts
Nov 20, 2014 at 11:50
Get experience on DEMO-accounts. Develop your own strategy and test it for some time.
There can't be enough money
Nov 21, 2014 at 07:58
This place is a good start to see what people do and get advice. Copy, learn, read. A lot of reading and studying the market, techniques and trading strategies helps. If you just bet, the chances are stack against you that you will lose. To move out from betting to trading read and copy what people do here on myfxbook - great place to start. Some of what you can get from copying will be mistakes, some not, some lucky trades. Try to learn from these gains and mistakes.
Experience on DEMO is a must, but so is trading with real money, that fear, that pressure and the stress, and so is the joy of managing to cushion and cut off early and well that loss. The wins will come then :) Just don't start with mad leverage, like anything of x100, even x30 is a pretty big start if you don't know what you are doing. True you won't make much but you won't lose much, get the hang of it first then start increasing the trade lots and then the leverage.
And don't be fooled, of course robots, EA, whatever people call them lose money. In times of volatility, like the 2 weeks in October you can check those, bots lose boatloads.
Experience on DEMO is a must, but so is trading with real money, that fear, that pressure and the stress, and so is the joy of managing to cushion and cut off early and well that loss. The wins will come then :) Just don't start with mad leverage, like anything of x100, even x30 is a pretty big start if you don't know what you are doing. True you won't make much but you won't lose much, get the hang of it first then start increasing the trade lots and then the leverage.
And don't be fooled, of course robots, EA, whatever people call them lose money. In times of volatility, like the 2 weeks in October you can check those, bots lose boatloads.
Nov 21, 2014 at 11:25
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.
Stable 20% per month without manual intervention...
Nov 22, 2014 at 08:32
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.
and you need to stop scamming people! you and your stupid EA! and your refund policy is such a big scam! i want my money back!
