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How much have you lost in forex trading?

Fernandezz
Sep 18 2014 at 20:17
posts 17
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
posts 724
$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
posts 724
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
posts 17
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
posts 17
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
posts 724
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
posts 17
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
posts 138
Good for you Pip! great that you kept it up and made out on top.

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

notbukaopu
Sep 30 2014 at 06:46
posts 1
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