Im lose...

why???

You are not alone, 95 % retail traders loss. Loss another $10,000 in couple of years, and you will start making profit :)

Happens to everyone. Stay with it, learn, and you will change the loss to win hopefully

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.

Yeah, keep your chin up.... if you can afford it :)

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

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

TheSmokedAce posted:


focus on booking pips rather than dollars and you will become a much better trader

Couldn't agree more.

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 ?

demo is must for us...learn properly ...every person is a loser at his first stage..i am also loss my money..but now i recovered alot with my Robot..

welcome to the club! look at my account haha

Congratulations sir!

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.

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.

only Robots can change life....

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

Get experience on DEMO-accounts. Develop your own strategy and test it for some time.

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.

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.