Im lose...

icmarketsfx posted:
Most people loose money just because they came to forex with get rich quick mentality and start trading with very high leverage.
They key to get success in forex is low leverage and patience.

@icmarketsfx
That'not the best way. Actually low leverage will force newbies to invest a lot of money to trade.
Its better to have high leverage and stop losses
Or to play with cent accounts

How about Day Trading? that´s also highly promoted along with that get rich quick mentality..is that part of the problem as well?

If more people started Swing Trading, would thingsl turn around?


















https://www.myfxbook.com/members/DRFXTRADING/duane/1079693



Transitioning from Day to Swing Trading is the hardest step,

After that, smooth sailing.

togr posted:

icmarketsfx posted:
Most people loose money just because they came to forex with get rich quick mentality and start trading with very high leverage.
They key to get success in forex is low leverage and patience.

@icmarketsfx
That'not the best way. Actually low leverage will force newbies to invest a lot of money to trade.
Its better to have high leverage and stop losses
Or to play with cent accounts

I was referring Low Leverage means to open smaller lot sizes. Take maximum 1% risk of your entire capital for one trade.

Trading style does not matter if you know what your are doing.

DRFXTRADING : do you have any info on how you take trades, your setup , sl's, tp's. etc..
I see you trade off of the H4 chart and from the looks of it, you wait for a break from consolidation.....is that all there is to your trading?

icmarketsfx posted:

togr posted:

icmarketsfx posted:
Most people loose money just because they came to forex with get rich quick mentality and start trading with very high leverage.
They key to get success in forex is low leverage and patience.

@icmarketsfx
That'not the best way. Actually low leverage will force newbies to invest a lot of money to trade.
Its better to have high leverage and stop losses
Or to play with cent accounts

I was referring Low Leverage means to open smaller lot sizes. Take maximum 1% risk of your entire capital for one trade.

@icmarketsfx
Leverage is leverage.
Small lot sizes is about risk mgmt:)

zemog..

Yes all of the info. on Stops, Tps etc. are set out in detail in my Trading Strategy Manuals..mainly for myself, but also for anyone interested..

I use both the Daily and 4 Hour Charts for my trading. Most of the trading involves waiting on the Daily Chart to give the breakout Signal and then enter on the 4 Hour Chart.

zemog, this is part of what guides my Stop Loss and Take Profit decisions.





This is taken from one of my Manuals that I use/provide to persons who are interested and now use my Methodology.

Of course some trades can be less than the 100 Pip Minimum, but the Stop Loss levels are strictly enforced.

Working well so far, can´t complain

never try to trade at night sessions again

Try to invest. You can choose the most suitable invest products, starting from looking through my pamm)) or just write me and I will advice you some good managers

I see impatience as one of the main reasons to lose your money. The other is lack of knowledge.

Its only a loss when you cant trade anymore.

arigoldman posted:
I see impatience as one of the main reasons to lose your money. The other is lack of knowledge.

and the other is greed

rob559 posted:

arigoldman posted:
I see impatience as one of the main reasons to lose your money. The other is lack of knowledge.

and the other is greed

Indeed.

I think because it's the way it is. It's not very easy to become a skillful trader, and it always involves losses during considerable period if time. From the other hand, being trader, in my opinion, is not so painful as might seem. I try to trade systematically and this seems to work.

FXtrader2010 posted:
Its only a loss when you cant trade anymore.

True. Learn from your mistakes and get back to market...

ABSNET posted:
why???

'Forex' is Easy when you know the 'Secret' ...... 😉

triggerpoint2014 posted:

ABSNET posted:
why???

'Forex' is Easy when you know the 'Secret' ...... 😉

There is no SECRET. Just years of study and developing.

ABSNET posted:
why???

I started a new topic for new traders just like you. You can find it here:

https://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1

Your statement doesn't give me much to go by, but come visit this post and I will try to help!

Steve