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How much have you lost in forex trading?
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Fernandezz

Biedrs kopš Sep 18, 2013  17 ieraksti Fernandezz Sep 18 2014 at 20:17
How much have you lost in forex trading?
How much have you lost before developing a winning strategy?

Please answer only if you have had a REAL account and your initial deposit was MORE THAN 25k. :) Thank you.

TheCyclist

Biedrs kopš Feb 07, 2011  724 ieraksti PipGnostic (TheCyclist) Sep 19 2014 at 06:20 (labots Sep 19 2014 at 06:32 )
$50 000 is the short answer.

That includes 18 months development costs at Oanda for $600 a month for 18 months and 10 years of server rentals. And a few false starts.

The money is actually the lesser aspect of it. It's the time it took that was/is the biggest cost. So big in fact that I might never fully recover it.

The only way I can ever recoup it, is if I can take the rest of my life off and never have to worry about money again. And that's unlikely to happen.

Show me your pips!!
TheCyclist

Biedrs kopš Feb 07, 2011  724 ieraksti PipGnostic (TheCyclist) Sep 19 2014 at 07:35
But I suppose I should also mention I took $10k to $250k in 6 months on equities once, trading warrants...

Show me your pips!!
Fernandezz

Biedrs kopš Sep 18, 2013  17 ieraksti Fernandezz Sep 19 2014 at 13:21
That's terrible. Have lost around 35k. Hope your account is growing now and recover all the loses soon.

Fernandezz

Biedrs kopš Sep 18, 2013  17 ieraksti Fernandezz Sep 19 2014 at 13:22
I didn't see the second reply until I refresh the page. I was going to wish you luck, but now I realize I really don't have to becuase you have plenty of it. :D Happy trading!

TheCyclist

Biedrs kopš Feb 07, 2011  724 ieraksti PipGnostic (TheCyclist) Sep 20 2014 at 12:10
Luck is not much of a trading strategy.

I've developed good strategies, so the money is not an issue, I'll make it back and a gazillion more. But I do hope people reading this realise what it really takes to make it in not only fx, but trading in general. Years and years of failure and extreme costs in terms of time and money.

I've gone as far as to put myself on coding courses to learn how to code to do this.

You're not going to buy a $50 EA and make money or follow someone else whose most likely got half a clue and make oodles of money.

Show me your pips!!
Fernandezz

Biedrs kopš Sep 18, 2013  17 ieraksti Fernandezz Sep 21 2014 at 06:46
Completely agree with you, mate. Truly an inspiring story. Thanks for sharing that. I admire your perseverance and wonderful spirit of a true trader. Congratulations on finding the winning strategies. May you prosper!

jotekfinance

Biedrs kopš Jun 09, 2014  138 ieraksti jotekfinance Sep 28 2014 at 12:01
Good for you Pip! great that you kept it up and made out on top.

LoveA

Biedrs kopš Apr 17, 2014  11 ieraksti LoveA Sep 29 2014 at 06:41
Don't want to mention that. Too much...

notbukaopu

Biedrs kopš Sep 06, 2014  1 ieraksti notbukaopu Sep 30 2014 at 06:46
2k,told you is embarrssed

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