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Im lose...
Member Since Oct 23, 2010
188 posts
Nov 22, 2014 at 16:10
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.
http://www.myfxbook.com/community/general/thefx4you--his-ea-rtrendtake/836607,1
Member Since Jun 09, 2014
134 posts
Nov 24, 2014 at 07:42
Everyone loses at some point or another.
Member Since Feb 22, 2011
4573 posts
Nov 25, 2014 at 15:21
ABSNET posted:
why???
1. Create trading plan.
2. Stick to it and trade it.
3. Evaluate the results
4. If you are loosing go back to #1
Dec 06, 2014 at 18:09
Give our signal service a try. You can take a free trial now: https://www.myfxbook.com/members/Alpscalp/alpscalp/1034087
Member Since Jun 09, 2014
134 posts
Dec 07, 2014 at 07:32
votogr is pretty much on the ball. step 0.5 study study study.
Member Since Feb 22, 2011
4573 posts
Dec 07, 2014 at 09:14
jotekfinance posted:
votogr is pretty much on the ball. step 0.5 study study study.
@jotekfinance
Good point
Member Since Nov 19, 2014
157 posts
Dec 08, 2014 at 10:59
ABSNET posted:
why???
Depends..
Are you trading Smaller Time Frames or Larger Time Frames?
Are you using Indicators or Candlestick Patterns?
If you are using smaller time frames, it is going to be a much harder challenge to be profitable consistently. Lots of volatility, small trading ranges and short hours in the Day-makes it really challenging.
Larger Time Frames are more stable and give more reliable signals especially based on Candlestick Patterns.
Spent 6 years Day Trading, lost it all. Switched to Swing Trading on the Daily and 4 Hour, never looking back.
Its early days on my Live Account but I am up 13.0% from just 7 trades, with almost 400 Pips made in the last 6 trades. (The Demo Account here tracks my Live Dukascopy Account but is behind by 3 trades
http://www.myfxbook.com/members/DRFXTRADING/duane/1079693). All things equal, I would only need 9 trades for 100% return.
Trades are not as frequent but when they appear, they more than compensate for the wait, giving you profitability with half the effort and twice the reward.
Duane Shepherd
Trade Less, Earn More
forex_trader_163226
Member Since Nov 19, 2013
66 posts
Dec 08, 2014 at 12:40
DRFXTRADING posted:ABSNET posted:
why???
Depends..
Are you trading Smaller Time Frames or Larger Time Frames?
Are you using Indicators or Candlestick Patterns?
If you are using smaller time frames, it is going to be a much harder challenge to be profitable consistently. Lots of volatility, small trading ranges and short hours in the Day-makes it really challenging.
Larger Time Frames are more stable and give more reliable signals especially based on Candlestick Patterns.
Spent 6 years Day Trading, lost it all. Switched to Swing Trading on the Daily and 4 Hour, never looking back.
Its early days on my Live Account but I am up 13.0% from just 7 trades, with almost 400 Pips made in the last 6 trades. (The Demo Account here tracks my Live Dukascopy Account but is behind by 3 trades
http://www.myfxbook.com/members/DRFXTRADING/duane/1079693). All things equal, I would only need 9 trades for 100% return.
Trades are not as frequent but when they appear, they more than compensate for the wait, giving you profitability with half the effort and twice the reward.
Duane Shepherd
couldnt have said it better myself.
remmeber guys, the only people who get rich from scalping or trading the daily noise is your broker... who gets a commission on each trade..
Member Since Jan 25, 2010
1288 posts
Dec 11, 2014 at 18:20
I bet you haven't lost as much as me! 😉
At least I am the champion somewhere (cumulative losses)... 😝
At least I am the champion somewhere (cumulative losses)... 😝
Member Since Nov 20, 2014
2 posts
Jan 02, 2015 at 16:10
Losing is the best way to learn trading IMHO. There's no such online lessons or something like your own experience
Member Since Jan 25, 2010
1288 posts
Jan 02, 2015 at 17:46
jackthedog666 posted:
Losing is the best way to learn trading IMHO. There's no such online lessons or something like your own experience
Absolutely! Stay positive! I just lost my account again, and I am on track to lose over $500k since I started forex in 2008.
Great stuff! Fantastic really! Forex is the best investment there is!
I can teach you to trade like me but it will cost you a lot of money (and I don't mean tutoring costs).
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Jan 02, 2015 at 21:31
yes the best way to learn i agree, i learn a lot as well😂
Member Since Jun 09, 2014
134 posts
Jan 04, 2015 at 10:47
Damn. 500k! That is a LOT. I would kill to have even 10% of that :)
Member Since Jan 25, 2010
1288 posts
Jan 04, 2015 at 22:59
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Jan 05, 2015 at 01:37
BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Why do you keep on trading (and losing money) then???
Tough time don't last...Tough people do
Member Since Jan 25, 2010
1288 posts
Jan 05, 2015 at 01:51
bradipx posted:BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
Why do you keep on trading (and losing money) then???
Because I am a fool.
Because I want to prove a point.
Because I have no real purpose to my life.
What about you? A good question that every retail trader should ask themselves.
forex_trader_163226
Member Since Nov 19, 2013
66 posts
Jan 05, 2015 at 01:51
I think you can win in trading, the reason most lose is that they are way under capitalized.
if you trade a higher time frame and use proper money management then you will make money...
the reason most dont do that, is because most only have an average of 1,000 in the account and to make 2% a month is not worth the effort.. typically most people are trying to make 100% a month every month as their expense are so high, and then you wonder why most lose.
but if you had 1million, and traded trying to just make 2-4% a month , you would make enough to make it worth your time.
if you trade a higher time frame and use proper money management then you will make money...
the reason most dont do that, is because most only have an average of 1,000 in the account and to make 2% a month is not worth the effort.. typically most people are trying to make 100% a month every month as their expense are so high, and then you wonder why most lose.
but if you had 1million, and traded trying to just make 2-4% a month , you would make enough to make it worth your time.
