Im lose...

triggerpoint2014 posted:

togr posted:

triggerpoint2014 posted:

ABSNET posted:
why???

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

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

Dear sir, here if you try to find secret then definitely you practice / learn with practical work 😄

I still dont get it but I assume you sell this SECRET right?

Sir, Please don't mind but actually , Experience dosen't soled any how 😐 so i'm really very sorry 😞

Just have patience.

There is a secret and I will tell you for free:
The secret is that everything you most likely learned about trading is wrong- it was taught to you by people who wrote books and sold courses because they could not trade themselves

You have to understand and learn why the price moves, the reasons are different depending on the asset class you trade
At the core it is due to the price people are willing to buy or sell something- Its an auction process. So specifically if you trade forex like I do- the price of a cross depends on the supply/demand for each of the 2 currencies in the cross. The supply and demand by the big players in the market is what causes fluctuations in the short term- In the long term it is a number of factors the most important of which is the interest rate differentional OUTLOOK. Prices do not move due to indicators or squiggly lines on the chart---- start from the fundamentals, why big money might buy or sell a certain currency- remember these guys hold for hundreds of pips - they dont scalp. Also forget the idea of perfect entry- you will lose if you concentrate on trying to get perfect timing- better to trade in the clear long term direction with very low leverage

TheSmokedAce posted:

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

Beautifully said in simple words. Ones with patience to walk away after opening positions are ones from 5%

futama99 posted:
You are not alone, 95 % retail traders loss. Loss another $10,000 in couple of years, and you will start making profit :)

Hello

I'm new in Forex trading. I hope i will be in that 5%.... ;)

That's not a big deal. As long as your chin's up, you'll raise your victory. It's a true story that most of the trader are loss, but less of them are strong enough to deal with it.

Before the profitable years I lost at least value of mid class car:)