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Are you loosing money in forex?
Členom od Jul 12, 2016
80 príspevkov
Sep 18, 2016 at 07:07
Post your suggestion
Členom od Dec 11, 2015
1462 príspevkov
Sep 19, 2016 at 10:36
Everyone lose money in forex sooner or later, the point is not to allow your losses to exceed your profits.
Členom od Sep 07, 2016
9 príspevkov
Sep 19, 2016 at 13:40
mlawson71 posted:
Everyone lose money in forex sooner or later, the point is not to allow your losses to exceed your profits.
Totally agreed
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Členom od Jan 28, 2016
13 príspevkov
Sep 20, 2016 at 06:32
Surely everyone loses own money especially while beginning of their trading career. One of the toughest decisions is to be made on a definite stage, when you face the choice between continue and overcome your losses or just give up. This is the stage where I believe most of those 95% traders fail.
Členom od Jul 12, 2016
80 príspevkov
Sep 22, 2016 at 06:34
Yes most of new traders are loosing money.
Členom od Feb 22, 2011
4573 príspevkov
Sep 22, 2016 at 08:27
At the beginning I lost money worth of couple cars.
Couple last years I made a lot of profit.
Dont be greedy, thats a key.
Couple last years I made a lot of profit.
Dont be greedy, thats a key.
Členom od Aug 29, 2016
19 príspevkov
Sep 22, 2016 at 08:27
paid signals since you claim you made so much why not prove that your signals work since you ask for so much when you have zero proof.
Členom od Jun 14, 2013
127 príspevkov
Sep 23, 2016 at 08:23
(upravené Sep 23, 2016 at 08:29)
It's the age-old story on MyFXBook. When someone starts with "I made whatever%" in "whatever number of days/weeks/months", then you know its bullshit. Signal services are a load of crap. And if any retail trader can claims that he/she made "1480% in just 4 weeks"... then he/she is a 1400% more profitable than Institutional Traders (Banks, Hedge-funds, etc.), HFT Traders (who has the fastest and best equipment and software a few million dollars can buy) and the best minds in trading in the world.
If you have to resort to providing "Trade Signals", selling indicators, EA's and all sorts of trading systems, then you simply have failed as a trader and the only way to make money left in the trading industry is to provide all sorts of bullshit services to unsuspecting new traders.
Don't get me wrong, EA's can make money, some well developed trading systems make money, some indicators can HELP you make reasonably good trading decisions... but then why would a consistently successful trader (talking about the few who make realistic profits, 3-5% pm, over a long period) sell his/her system, EA or indicator to the competition?
In my opinion, if you are really serious about making trading your profession, go and learn how the market you trade REALLY works. Develop your OWN system, trading method, EA, Algo or Indicator that works for you and above all, have realistic expectation about your long term profits. Claims like 30%pm/ is rubbish.... prove to me you can do that over a period of 6 months, a year or better yet 3 years, consistently without blowing up your account.
These are my own personal opinions, and I welcome anyone who can REALLY prove me otherwise... I think after 7 years of hard work as a trader, really learning how markets work, are structured, what price action REALLY is, etc. (and I still have my day job as a programmer) I got to know the difference between bullshit and reality...
If you have to resort to providing "Trade Signals", selling indicators, EA's and all sorts of trading systems, then you simply have failed as a trader and the only way to make money left in the trading industry is to provide all sorts of bullshit services to unsuspecting new traders.
Don't get me wrong, EA's can make money, some well developed trading systems make money, some indicators can HELP you make reasonably good trading decisions... but then why would a consistently successful trader (talking about the few who make realistic profits, 3-5% pm, over a long period) sell his/her system, EA or indicator to the competition?
In my opinion, if you are really serious about making trading your profession, go and learn how the market you trade REALLY works. Develop your OWN system, trading method, EA, Algo or Indicator that works for you and above all, have realistic expectation about your long term profits. Claims like 30%pm/ is rubbish.... prove to me you can do that over a period of 6 months, a year or better yet 3 years, consistently without blowing up your account.
These are my own personal opinions, and I welcome anyone who can REALLY prove me otherwise... I think after 7 years of hard work as a trader, really learning how markets work, are structured, what price action REALLY is, etc. (and I still have my day job as a programmer) I got to know the difference between bullshit and reality...
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Členom od Sep 16, 2016
3 príspevkov
Sep 25, 2016 at 07:09
Everybody has loss or profit. It's normal. Try to use robots or MAM accounts if you are not sure of right strategy. I trade 80% of volume using robots.
Členom od Apr 10, 2016
9 príspevkov
Sep 26, 2016 at 06:57
totally agreed with @JacoAF
Open account
Členom od Dec 11, 2015
1462 príspevkov
Sep 26, 2016 at 11:55
togr posted:
At the beginning I lost money worth of couple cars.
Couple last years I made a lot of profit.
Dont be greedy, thats a key.
I agree. Greed and lack of patience is what usually causes traders problems. It definitely caused me problems on the past.
Členom od Sep 23, 2016
1 príspevkov
Sep 26, 2016 at 12:30
I just started and ive made some losses. I have problem with patience
Členom od Jul 12, 2016
80 príspevkov
Sep 27, 2016 at 13:52
Patience is most important in trading.
Do trading with patience
Do trading with patience
Členom od Sep 15, 2016
24 príspevkov
Sep 29, 2016 at 12:56
When you are in the game of probabilities, loosing is expected. Everyone at some point of time lose money in forex. Forex is a risky business and loosing is the part of the risk. It’s just that even if you fail, don not blow up. Get back on the floor and trade again with a more dedicated approach. Trade what you see, not what you think!
Členom od Dec 11, 2015
1462 príspevkov
Sep 30, 2016 at 09:26
Another reason to lose money is to get scammed, which happens more often than one might think (https://smnweekly.com/tag/scam/). One needs to always double-check whatever information is provided by organizations that offer them easy profits, and then research said organizations on their own.
Členom od Oct 01, 2015
47 príspevkov
Oct 23, 2016 at 06:27
Hi guys,
do you have some tips how to train the patience?
do you have some tips how to train the patience?
Členom od Dec 17, 2015
28 príspevkov
Oct 26, 2016 at 14:31
You should get used to loose money in order not to panic. Question is how much you are ready to loose before you start making profit? :-)
Členom od Mar 26, 2015
44 príspevkov
Oct 26, 2016 at 14:46
In fact you should trade only with the money that you are ready to lose, even completely. As correctly said earlier, losing is part of the game but another part is to have enough capital to sustain losses and still get a profit over the long run. In other words, don't spend your last dollars on trading hoping to multiply them.
Trade fast, learn fast, never regret!
Členom od Oct 08, 2015
35 príspevkov
Oct 27, 2016 at 06:19
paidsignal posted:
Patience is most important in trading.
Do trading with patience
thanks for advice!
Trading is like football - if you don't practice you can't win the game!
Členom od Feb 12, 2016
394 príspevkov
Nov 02, 2016 at 07:36
You know what they say – “Loosing is the first step to winning”
The patience is really important not only in trading but it will help you in your life also. Don’t feel bad for loosing some money because you are gaining experience which will help you a lot in future trading.
Trading can be really close to gambling at some point but here you have to act smart and not count only on your luck.
Be prepared, be calm, stay on track and get all the positives from the losses. Believe me – if you are patient, you will win at the end!
Stay focused! :)
The patience is really important not only in trading but it will help you in your life also. Don’t feel bad for loosing some money because you are gaining experience which will help you a lot in future trading.
Trading can be really close to gambling at some point but here you have to act smart and not count only on your luck.
Be prepared, be calm, stay on track and get all the positives from the losses. Believe me – if you are patient, you will win at the end!
Stay focused! :)
Accept the loss as experience
