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Are you loosing money in forex?

paidsignal
Sep 18 2016 at 07:07
posts 78
mlawson71
Sep 19 2016 at 10:36
posts 1487
Everyone lose money in forex sooner or later, the point is not to allow your losses to exceed your profits.
TheOne1
Sep 19 2016 at 13:40
posts 10
mlawson71 posted:
Everyone lose money in forex sooner or later, the point is not to allow your losses to exceed your profits.

Totally agreed
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AziH
Sep 20 2016 at 06:32
posts 14
Surely everyone loses own money especially while beginning of their trading career. One of the toughest decisions is to be made on a definite stage, when you face the choice between continue and overcome your losses or just give up. This is the stage where I believe most of those 95% traders fail.
paidsignal
Sep 22 2016 at 06:34
posts 78
Yes most of new traders are loosing money.

vontogr (togr)
Sep 22 2016 at 08:27
posts 4862
At the beginning I lost money worth of couple cars.

Couple last years I made a lot of profit.

Dont be greedy, thats a key.
Forex_Developer
Sep 22 2016 at 08:27
posts 19
paid signals since you claim you made so much why not prove that your signals work since you ask for so much when you have zero proof.
Jaco Ferreira (JacoAF)
Sep 23 2016 at 08:23
posts 130
It's the age-old story on MyFXBook. When someone starts with 'I made whatever%' in 'whatever number of days/weeks/months', then you know its bullshit. Signal services are a load of crap. And if any retail trader can claims that he/she made '1480% in just 4 weeks'... then he/she is a 1400% more profitable than Institutional Traders (Banks, Hedge-funds, etc.), HFT Traders (who has the fastest and best equipment and software a few million dollars can buy) and the best minds in trading in the world.

If you have to resort to providing 'Trade Signals', selling indicators, EA's and all sorts of trading systems, then you simply have failed as a trader and the only way to make money left in the trading industry is to provide all sorts of bullshit services to unsuspecting new traders.

Don't get me wrong, EA's can make money, some well developed trading systems make money, some indicators can HELP you make reasonably good trading decisions... but then why would a consistently successful trader (talking about the few who make realistic profits, 3-5% pm, over a long period) sell his/her system, EA or indicator to the competition?

In my opinion, if you are really serious about making trading your profession, go and learn how the market you trade REALLY works. Develop your OWN system, trading method, EA, Algo or Indicator that works for you and above all, have realistic expectation about your long term profits. Claims like 30%pm/ is rubbish.... prove to me you can do that over a period of 6 months, a year or better yet 3 years, consistently without blowing up your account.

These are my own personal opinions, and I welcome anyone who can REALLY prove me otherwise... I think after 7 years of hard work as a trader, really learning how markets work, are structured, what price action REALLY is, etc. (and I still have my day job as a programmer) I got to know the difference between bullshit and reality...
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Ahmed73
Sep 25 2016 at 07:09
posts 3
Everybody has loss or profit. It's normal. Try to use robots or MAM accounts if you are not sure of right strategy. I trade 80% of volume using robots.
Alexey (Atron100)
Sep 26 2016 at 06:57
posts 10
totally agreed with @JacoAF
mlawson71
Sep 26 2016 at 11:55
posts 1487
togr posted:
At the beginning I lost money worth of couple cars.

Couple last years I made a lot of profit.

Dont be greedy, thats a key.

I agree. Greed and lack of patience is what usually causes traders problems. It definitely caused me problems on the past.
Tshisi
Sep 26 2016 at 12:30
posts 1
I just started and ive made some losses. I have problem with patience
paidsignal
Sep 27 2016 at 13:52
posts 78
Patience is most important in trading.
Do trading with patience
olivia_jones
Sep 29 2016 at 12:56
posts 24
When you are in the game of probabilities, loosing is expected. Everyone at some point of time lose money in forex. Forex is a risky business and loosing is the part of the risk. It’s just that even if you fail, don not blow up. Get back on the floor and trade again with a more dedicated approach. Trade what you see, not what you think!
mlawson71
Sep 30 2016 at 09:26
posts 1487
Another reason to lose money is to get scammed, which happens more often than one might think (https://smnweekly.com/tag/scam/). One needs to always double-check whatever information is provided by organizations that offer them easy profits, and then research said organizations on their own.
Clive (CliveCampbell)
Oct 23 2016 at 06:27
posts 47
Hi guys,
do you have some tips how to train the patience?
SaltyWaters
Oct 23 2016 at 17:08
posts 247
CliveCampbell posted:
Hi guys,
do you have some tips how to train the patience?

1) Play Long Time frames
2) Go live your live
3) Find a wife
4) Come back when you have grand kids

SaltyWaters
Oct 23 2016 at 17:44
posts 247
SaltyWaters posted:
CliveCampbell posted:
Hi guys,
do you have some tips how to train the patience?

1) Play Long Time frames
2) Go live your life
3) Find a wife
4) Come back when you have grand kids


* 2) Go live your life
janettte
Oct 26 2016 at 14:31
posts 30
You should get used to loose money in order not to panic. Question is how much you are ready to loose before you start making profit? :-)
Ben (ben08in)
Oct 26 2016 at 14:46
posts 47
In fact you should trade only with the money that you are ready to lose, even completely. As correctly said earlier, losing is part of the game but another part is to have enough capital to sustain losses and still get a profit over the long run. In other words, don't spend your last dollars on trading hoping to multiply them.
Trade fast, learn fast, never regret!
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