Thread: Tears And Laughter In Forex Trading

To all Foreign Exchange trader I appreciate if you're able to share your tears and laughter (your experience) in this forum. This is fantastic for the newbie to understand something from professional trader.

Thank you very much.

.

Still learning the Disadvantages of Forex.

Once coming out of trading stocks I'm only now becoming artful at stop loss positioning in forex, which has taken a lot of power and confidence out of me several times. :

To top that, the number one tricky element of Forex for me has been News time.
The volatility during news announcements can totally bite you on the butt if you forget to keep your eye on the calender for the day/week.

As an example: A trade I took last night...

I had been busy going through each of the charts and finding the very best oppurtunities that, once more , I forgot to check the calender for upcoming anouncements that could shake me out of the trade.
The trade proved to be a fantastic trade and is winning. . . .if I hadn't been stopped out by the news spike straight back and forward. An A-trade inside this method would not be shot at this time. Since it could either create spikes like this OR totally change the direction of the pair for the day, or even longer.

(I want a big flashing neon sign on my screen that says CHECK FOR NEWS EVENTS, )

Hope this adds to the aid.

Hi all,

When I am trading on demo account I always win many trade but when I visit live account I always lose. Can somebody please comment. I want to know why and is outhere?

Thanks.

You can't steal another forum associates avatar. That just erroneous.

Hey sorry brother I did'nt know someone using the same avatar how mine have changed. Thanks.

Originally Posted by ;

Dude, you can't steal another forum associates avatar. That just erroneous.

Originally Posted by ;

Hey sorry brother I did'nt know someone using the same avatar how I have changed mine. Thanks.

Your a good man. Welcome to the factory!

When you begin the most pain comes. The time that it takes to learn about this business. For a person that knows read as much as they can get their hands on and they need to examine things is the toughest part.

I don't have the expertise of blowing off my account (yet). However, I guarantee you is a whole hell of alot more important than losing some money. I can always find more money. I can't go back and find the time lost away from my daughter.

If I really don't devote the time today to learn everything I could, I won't triumph at FX and also have my job for the remainder of my life. If I use my time to learn and become a profitable trader, I'll have much more time later on for my daughter, and also the money WILL start to flow.

Then we have all those people who roll their eyes at you once you tell them about trading FX and they say we're just betting. When that day comes when they ask me why I don't need to go to work ....

THAT is when the laughter comes.

Renasdad, I thank you very much for sharing and love reading your story. I expect everyone here in FF will triumph in this business. Knoledge is important.

May god bless you.

TsunamiFX.

Originally Posted by ;

The most pain comes when you begin. The time that it requires to find out about this business. For a person that knows see as far as they can get their hands on and they need to examine things is the toughest part.

I do not have the experience of blowing my account (yet). However, I guarantee you, the time I have sacrificed away from my daughter is a whole hell of alot more important to me . I can always find more money. I find the time and can't go back.

If I really don't devote the time today to learn everything I can, I will not triumph at forex and have my occupation for the rest of my life. If I use my time to learn and become a profitable trader, I will have much more time in the future for my daughter, and the cash WILL start to flow.

Then we've got all those people that roll their eyes at you once you tell them about trading forex and they say we are just gambling. When that day happens when they ask me why I do not have to go to work ....

THAT is when the laughter comes.

Hi All

I'm a complete newbie not only on the forum but also in FOREX trade. , because I signed up I have just been reading and reading.

But Tsunami FX's thread is quite great for all of us newbies. Thanks Tsunami FX--I'll not post here but will read everyday.

Originally Posted by ;

The most pain occurs when you start out. The time that it requires to learn about this business. For a person that knows they should examine many things and read is the toughest part.

I do not have the experience of blowing off my account (yet). But, I promise you, the time I have forfeited off from my daughter is a hell of alot more important to me . I can always get more money. I can not go back and get the time lost from my daughter.

If I really don't devote the time now to learn everything I could, I will not triumph at forex and possess my occupation for the rest of my life. If I utilize my time to learn and become a profitable trader, I'll have much more time in the future for my daughter, and also the cash WILL start to flow.

Then we've got all those people who roll their eyes at you when you tell them about trading forex and they say we're just gambling. When that day comes when they ask me why I do not have to go to work ....

That's when the laughter comes.

I think where many possible traders go wrong is that we forget that this time can also be a portion of the investment. When I was introduced into Forex it opened a new world. Reading (forums/business papers), listening (Bloomberg Radio) and watching (Bloomberg / Reuters TV) is the key.

For me personally I chose an instructor-led course as I believe the interaction with individuals is far better than merely studies CD tutorials. Another vital element in trading for me personally is also to stick with this and to locate a egy that you matches your lifestyle and feel comfortable with. Works for me.

I am well on my way to fiscal indepene... shortly.