Are you loosing money in forex?

Post your suggestion

Everyone lose money in forex sooner or later, the point is not to allow your losses to exceed your profits.

mlawson71 posted:
Everyone lose money in forex sooner or later, the point is not to allow your losses to exceed your profits.

Totally agreed

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.

Yes most of new traders are loosing money.

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.

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.

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...

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.

totally agreed with @JacoAF

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.

I just started and ive made some losses. I have problem with patience

Patience is most important in trading.
Do trading with patience

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!

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.

Hi guys,
do you have some tips how to train the patience?

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? :-)

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.

paidsignal posted:
Patience is most important in trading.
Do trading with patience

thanks for advice!