Very Scary!
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Thread: Very Scary!

  1. #1
    Forex is sux....all cash that you make, you can loose it in few days. Forex is inconsistent for me.
    I do apply those approaches such bago, las vegas, kolachi etc..
    Do not get me wrong, I'd earn money but then following next day I started loosing the cash again.
    Forex isn't folks like you avarage Joe's, it's profitible for banks, big corporations and such. Because I don't have that great deal of funds, forget it. . .too much risk, not because of me.
    For the beginers, don't quit your job ever. Keep continue what you do, if you like to gamble and don't mind wasting thousands of your dollars then Currency Market is for you.

  2. #2
    Very sorry to hear your Forex encounter did not meet your expectation. Great things come and create and conform to the Forex maket.

  3. #3
    Ah the voice of a burnt trader... I am sorry to hear your poor experience, best of luck in everything you do next.

  4. #4
    Sorry for your pain man. But this stuff isn't right for everybody. . .hence 95 % failure rate for newbes.


    It can be done and by anyone - anyone who is prerpared to Want and Function!

  5. #5
    All but one trader have gone through the same feelings. Forex is indeed frightening. You need discipline that is appropriate to survive in this world long enough to acquire experienced and have a opportunity to receive truly profitable.

    This sounds like a situation of bad money management to me. You should look around on the website for threads about appropriate risk control and trading plogy.

    Perhaps you should take a break for some time and try paper trading afterwards. Take particular notice how different sizes in lots could yield results in the long term!

    Btw Las Vegas sounds like a fairly dangerous method! LMAO!

    Happy trading everyone!

  6. #6
    I am not planning to give up....by how I've been enjoying demo just for a month, never played for real cash however. I only got dissapointed when I lost successive 3 times. Anyway, thanks for the all nice remarks. happy trading.

  7. #7
    Emotions have no place in this company, save them for your loved ones...

    A

  8. #8
    I know what you mean, this game is not made easy for us.

    Its apparent that behind this there is a significant business and lots of money involved.

    It is possible to listen to all the so called'veterans' here which tell you that they are wealthy, but I honestly dont think that they are wealthy, unless they started this match with a big amount of money.

    Today the easy point is that:

    to generate money in FX, you want to have money, you NEED to wait that the price comes to you, you should NOT RUN AFTER THE PRICE. .

    So, put your orders, small sums (related to your capital of course) and go away from the computer.

    Use hedge system rather than authentic stoploss (is not changing from economical point of view, but it's in the emotiional one).

    If you utilize small amounts, you can wait, and the timing is the very best FRIEND you've got in here.

    Dont go mad after the price from one stage to another.
    Its always ranging, it is going to come back.


    If you look in one of my last articles, I stated I was going brief on pound (two days ago) from 1.8864

    well, it rised to 1.8895 before being now at 1,8820.

    When it had been 1.8895 for me wasn't any problem.
    Proved to be a little trade (in comparison to my account size), relaxed, away in the computer, with a hedge order after 1.8911.

    If I have to loose money, at least I dont want to loose time

  9. #9
    @alten,

    Try Mouteki and STICK with it!

    I created over 200 pips now on brief EURUSD, long USDCAD, brief GBPUSD.

    If I had started this earlier (on monday) I might have won the following 100 just on GBPUSD pre ISM upswing.

  10. #10
    Futures, FX, Stocks.. .you will fail if you never do this single most important thing.

    Risk Management. Know your risks and know that risks can be limited. . .if you choose. Greed does not pay. You may be successful now but that cash is going to be supplied back to the market for certain.

    When your armed forces with a rod dun go fishing for swimmers.

    Methods are only methods, it's only going to succeed as soon as you have supremacy over it...

    that I dun trade Bago, neither do I commerce Kolachi but I am still doing good with FX. . .glad you're not giving up bro!

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