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Man... Sometimes I hate forex.

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  • Agredritlan
    replied
    I think that's a feeling that can arise when you're not doing something, when you think that everything is going against you. So why make fun of yourself. Take a break. Even the smartest and greatest man can't keep working beyond his limits. I mean, it's just horrible. Yes, we all have difficulties, we all worry and let's be honest sometimes we lose money. But that's what happens in any business. So if you really want to continue, give yourself time, take a break and return to the market full of strength, enthusiasm and energy, so that every trading day brings you pleasure and money.

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  • Agajurus
    replied
    Forex is a market where we can earn money and become independent, but we should learn how to control our emotions to take reasone decisions. Just master confidence and learn to make decisions based on facts, not on emotions.

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  • Blazaronald
    replied
    That's good to try mediation I think. Really, that's may sound curious, but when you relax, you can concentrate on your own feelings. And that's the most important - to think about your actions, not about market in general.

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  • Deliniel
    replied
    Each time when you lose you just need to blame noone, but yourself. You should find what the mistake was and correct it in the furure, to avoid such losses in the future. The truth is that most traders don't analyse their losses and that's why they lose repeatedly on the same things.

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  • Rhonnon
    replied
    We all are not doing anything bad, just trying to achieve some good results no matter what in that based on various results so you can't always win in very unpredictable market, once you accumulate some capital you really can get going to something like stocks trading.

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  • Ubahon
    replied
    Forex market is a type of market which will test your emotions and sometimes you feel broken while trading. I intended to quit trading once in my life when I suffered from losses for a long time. Then, I got one opportunity and I covered up all of my losses.

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  • FurgotoGo
    replied
    Does Forex trading really make money?

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  • forextraderrr
    replied
    You are not alone! I say that a lot of times too. Especially when I am losing and it seems as if the market is not going in my favor, man, sometimes I hate forex.

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  • Mahbub Kafi
    replied
    To be honest, when I was a new Forex trader then I lost my momentum very easily! Then I expect 100% profit in my trading! By the way, right now I know the reality of Forex business very well! Thatís way,now I always use fixed trading lot size in my live trading, that means, I donít face any unexpected result in my live account!

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  • NeiSep
    replied
    i have a plan to start invest in 2015 and i just going todo it just to test it out if its possible to make some money with it, for me 10% per year is the lowest i could go for 1 year else i can use my bank instead.
    Anyway i belive focus on 1 year at the time is probobly better and let the traders do what they do best to trade, im not near pro im not even a day trader im just a normal person who would love to become a trader one day basicly becuse im tired of working 7-5 and get yelled at by customers and such

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  • xdjericho
    replied
    Originally posted by minakshi
    This is right if you don't have right guidance and knowledge regarding broker Forex trading then you will face lots of problem while trading, its better to have god knowledge or you should select that organization that will help you while Forex trading in Indonesia.
    so you are just promoting ur company and how do we know u are profitable???? because you are saying so

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  • xdjericho
    replied
    sometimes i wish if i could punch the market on its face

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  • p3t3rjj
    replied
    Originally posted by Lord Benj View Post
    I don't know how i'll sound saying this but everyone's opinion is valid at some point anyway ,

    When it comes to entering trades , the signal providers are very good and show professionalism when doing that , but it is only their risk management techniques that are still wanting and are not good enough to protect profits and keep draw downs at bay . When you base your risk management technique on your entry strategy , that is a recipe for disaster by my books . Managing trades and risk is a different topic on it's own and not part of your entry strategy . You can tell this from how they trade , when they make a good trade and it's in profit , they are quick to close it , hurraaay! But when they make a wrong trade , they leave it open for days and it seems like they won't accept they were wrong and this grows into the sad situations and draw downs that we see .
    True risk management is the key to everything in this game. These guys risk management might not be something I agree with, but what I know is there is no wrong way to trade if you are making money.

    Your account was blown in August according to Myfxbook with 26 losses, your take profits are around 1 to 6 pips, with a few higher bringing your average up to 8. So I agree with your comment above, everyone's opinion is valid at some point, But at some point you need to be able to backup your opinion with action, with what you actually do. Not with what you hope to do in the future on the refunded account.

    What could be an interesting comment from you is what you have changed from last month, to make your trading and risk profile better going forward. Providing information on your own journey could be valuable to others who might be struggling with the same issues you are.

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  • p3t3rjj
    replied
    Originally posted by Lord Benj View Post
    Very true khybee .

    I found an article that explains much of the reasons why we may be having the draw down problem and tense periods of uncertainity .
    Have a read

    http://www.forex-day-trading.com/blo...-forex-trader/
    Yeah Stanley, I agree with that articles points on the MFE/MAE are really valid and should be investigated and monitored. It takes seconds on myfxbook to see what kind of trader the person is, and the quality of their entries.

    Every trade I have done over the last few years has that information logged under each trade type. This information is then used to calculate my risk on the average of that data, its the only way to really accurately control this.

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  • Lord Benj
    replied
    Very true khybee .

    I found an article that explains much of the reasons why we may be having the draw down problem and tense periods of uncertainity .
    Have a read

    http://www.forex-day-trading.com/blo...-forex-trader/

    Leave a comment:

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