The struggles of a Forex trader
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Thread: The struggles of a Forex trader

  1. #1
    Hello everyone,
    I'd love to begin a thread talking about the struggles of a forex trader. I'd love to know how everyone is honestly doing there. I'd love to know what trading methods are earning money and trading methods which are fruing to exchange right now.

    Everyone has a different experience whilst trading the forex market and I want to listen to yours. Have you had a fantastic experience up to now in 2018 or are you finding it difficult to find a winning trade?

    As we begin sharing our adventures we can begin working on how we could enhance our trading for 2018.

    Trading can be a very lonely job. I believe its important to share the fantastic experiences along side the terrible ones.

    I look forward to hearing from you.

  2. #2
    Quote Originally Posted by ;
    Find your own style. Be comfortable. I trade the 4hr and daily charts. I find I can make money this way. I can sleep soundly with transactions on. This hasn't always been the situation. I started trading on the 30 mins TF, combining it with the 1hr. I'll say it just was not for me. Find the Ideal TF. This might take a while. Leverage will destroy you(even in the event that you have a 100% win rate). Do not over leverage. Focus on just a couple of pairs. Be specialized, not a General Practitioner.
    Well, I've read through your post 3 times today, and I see no reference to you claiming to be the complete trader or something remotely comparable. . Not 1. I see a few sound advice about traders discovering what works for them, their design and what is comfortable.

    You talk about what works for you and what does not.

    No idea what Genghistar is communiing about with respect to you not be honest with yourself. . .etc...

    It almost sounds like he was offended by anything you said...

  3. #3
    If you think about trading as day-trading/scalping you will most likely lose. I suppose if you are trained one to one with a prosperous experienced day-trader you've got a much better chance but otherwise I'd provide the isolated unsupported new day-trader less than a 5% chance of earning a consistent profit.

    If you obey long-term trends on daily charts you will probably win. Your chances will be increased by being able to short as well as go long, and by tracking a wide range of markets such as stock indices, forex and commodities. The usual risk management measures such as having a stop-loss, risking a small percent of account capital per trade etc. etc. obviously employ.

  4. #4
    Quote Originally Posted by ;
    The vast majority of retail FX gamblers are hopeless addicts and dreamers, therefore expecting frankly, from addicts permanently locked into their pattern of denial, is pointless. Trading methods making money? You won't loe them on here sunbeam. quote
    As much as I would love to condone the tone used. I'd have to agree with him.

    Lurk on this forum long enough and you'll realise that a few things in the retail community will simply not die. The same questions will be asked, the same answers will be preached, the same(or even a small variant ) egies and fundamentals will be edued, the same egos will still persist, the identical mindset still exsists, the same mistakes will be generated, the same ideologies will be silenced, the same characters will be worshipped.

    It's unfortunate as if you were to really read through previous posts onforexintuitiveand think critically, one would notice instantly that the mistakes are all the same, and can be easily prevented by learning from history.
    But the greed and need of immediate gratifiion of retail traders had led to go down the same route as their predecessors.

    And that is our fatal flaw. The believing that we could take the identical egy and expect different results.

    If we retail traders can take a step back, and evaluate the content generated on this forum critically. Not simply accepting anything and everything posted as fact. Maybe then will we have a chace to progress as a community. But I doubt that will happen. For there are certain forces so powerful that it divides us from the obvious.

  5. #5
    Quote Originally Posted by ;
    The vast majority of retail FX gamblers are hopeless addicts and dreamers, therefore expecting honestly, from sailors permanently locked into their pattern of denial, is moot. Trading methods making money? You won't find them on here sunbeam. quote
    Ofc there are loads of trading methods that could earn money here BUT all them aren't robust enough to sustain general profit becos either it's a martingale egy or a scalping method with a incredulous RRR that if the winrate is 80% they will still eliminate money in the long run. Almost all systems vendors depend on this kind of methodology to sell their wares into lesser informed traders.
    This is why there is always good polemical debates among traders as to whether FX traders can actually make money. Seemingly and regrettably most trader are offered on this'profitable' approach but the more experienced and wiser ones will know differently.
    I have personally not understood or noticed any traders here with the identical method that I personally used which generates a win rate of greater than 65% with a minimal RRR of 2X.
    I have to admit that I suffered the same delusion about'profitable' approaches but due to my business backgrounds and past dealings with currency exchanges I had been lucky and fast to realise the fallacy and fragility of those methods and have since developed my own egy based purely on PA within the respective currencies price arrangements modelled by my country CB. I have not looked back since.

    Cheers
    GS.

  6. #6
    I was struggling as a forex trader until I realized and accepted that”trading is betting” to a trade-by-trade foundation...
    So I learned how to bet”correctly” with a predefined risk/reward and references. .

  7. #7
    Hello im new here... just want to share how I set my own trading egy, I just use simple moving average 1 shift -26( its a chikou span or line chart) to search for snr, hi low, rbs sbr, on daily tf. If let say on daily chart its much wave so I will go to weekly chart to find blatant wave, I just indie sharp borders of sma1, or a broken sharp borders (breakout level or sbr rbs) I merely set pending sell/buy limit order. And only allow the price do its work.

  8. #8

  9. #9
    Your anecdote is not data. There is no data available proving that you're more likely to”likely win” as a swing or position trader versus other techniques, actually the data proves completely the reverse.

    You are clumsily trying to force your very own recent experiences as data on here, as for a short, recent period, it's worked for you.

    As I tell all swing traders;”looks easy eh? Get back to me if the trend turns, inform me the way you swing commerce that.”

    Quote Originally Posted by ;
    In case you think about trading as day-trading/scalping you'll almost definitely lose. I guess if you're coached one to one with a prosperous experienced day-trader you've got a better chance but I'd provide the isolated unsupported new day-trader greater than a 5% chance of creating a consistent profit. If you follow long-term trends on daily charts you'll likely win. Your odds will be increased by being able to short as well as go long, and by tracking a diverse range of markets such as stock indices, FX and commodities. The...

  10. #10
    Quote Originally Posted by ;
    Your anecdote is not data. There's no information available proving that you are more likely to”probably win” as a swing or position trader versus other procedures, in fact the information proves completely the reverse. You are clumsily trying to induce your own recent experiences as information on here, as for a brief, recent period, it's worked for you. As I tell all swing traders;”looks easy eh? Get back to me when the trend turns, inform me the way you swing commerce which.” quote
    I don't understand if there is no information, I have not looked for any. Perhaps you can point to some that differentiates between success rates for long-term traders instead of day-traders to encourage what you say?

    Yes, I am happy to inform people what's working for me. Same as you're delighted to tell folks what's working for you. Why would we all do that?

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