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I Wanna Be A Forex Trader

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  • Post# 1
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  • First Post: Oct 14, 2011 11:54am | Edited Jan 4, 2012 12:29pm
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Hi all...i am 19 years old..still studying in university. I aim to become a full time trader when i am 21.

Well here i will be posting some trades for fun. I long to have forex friends as it can get very lonely trading alone.

Also i hope one day i can be a very big hedge fund manager like george soros, steven cohen or probably a great trader like Paul Rotter.
  • Post# 2
  • Quote
  • Oct 14, 2011 3:48pm
  • LeanLowFx
    Joined Sep 2011 | 245 Posts | Status: Member
xaxa , this is strange , i'm 19 years and student too , and have same dream ... Where are you from ? How long have you been trading ?
  • Post# 3
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  • Oct 15, 2011 6:04am
  • bumapatria
    Commercial Member | 10,151 Posts | Joined Aug 2011
hey squash,

dont say i want.
its good for such thing but it will never happen.

Say: I WILL
.

Have the passion we have many youngsters around i am 14, and lets make our generation proud huh?



if u need any help or need anything at all, drop a pm or check out my thread, post any question you have about trading, we have a family there, its nice, we all help each other to learn.

http://www.forexfactory.com/showthre...11#post5043111

Take care dude
  • Post# 4
  • Quote
  • Oct 15, 2011 2:56pm
  • traderjai_inhi
    Joined Jul 2006 | 943 Posts | Status: I'm just saying...
Isnt it funny how no one ever says they want to be a crackhead when they grow up?
  • Post# 5
  • Quote
  • Oct 15, 2011 5:34pm
  • bumapatria
    Commercial Member | 10,151 Posts | Joined Aug 2011
Quoting traderjai_inhi
Isnt it funny how no one ever says they want to be a crackhead when they grow up?
well, most dont say they just become crackheads you know. Those people smoking drugs, smuggling them, etc.

They dont really say "i will smoke crack and smuggle it for cash" when they're growing up lol, unless its a real bad case of parenting
  • Post# 6
  • Quote
  • Oct 17, 2011 10:21am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Quoting LeanLowFx
xaxa , this is strange , i'm 19 years and student too , and have same dream ... Where are you from ? How long have you been trading ?
I'm from MALAYSIA, have been trading since july 2010..hmmm thats about 1 year and 3 months

Studied it like crazy...blew literally hundreds of demo accounts..because i wanna be a billionaire in a day and a trillionaire tomorrow..haha

Now i am trading live with some risk management in mind..seriously you will have a hard time in this endeavour if your mindset isn't right..my life went roller coaster after i found forex..I was obsessed with it.

Ditch almost everything...Sometimes i spent up to 18 hours per day to study, evaluate, re-evaluate, make scenarios then evaluate then imagine imagine imagine...There is no limit to your imagination.

What's your story?
  • Post# 7
  • Quote
  • Oct 17, 2011 10:23am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Quoting bumapatria
hey squash,

dont say i want.
its good for such thing but it will never happen.

Say: I WILL
.

Have the passion we have many youngsters around i am 14, and lets make our generation proud huh?



if u need any help or need anything at all, drop a pm or check out my thread, post any question you have about trading, we have a family there, its nice, we all help each other to learn.

http://www.forexfactory.com/showthre...11#post5043111

Take...
Dude thanks! Lets make our generation proud ;D
  • Post# 8
  • Quote
  • Oct 17, 2011 10:25am
  • bumapatria
    Commercial Member | 10,151 Posts | Joined Aug 2011
Quoting s1quash1
Dude thanks! Lets make our generation proud ;D
hey you are malaysian? apa kabar teman? im from indonesia

if u feel like join my thread, you are very welcome ther
  • Post# 9
  • Quote
  • Oct 17, 2011 10:43am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Quoting bumapatria
hey you are malaysian? apa kabar teman? im from indonesia

if u feel like join my thread, you are very welcome ther
Khabar baik! Sure dude. Will check it out.
  • Post# 10
  • Quote
  • Oct 17, 2011 8:50pm
  • microsuck_36
    Joined Jan 2008 | 1,305 Posts | Status: Come and get me...
Good luck!
  • Post# 11
  • Quote
  • Oct 18, 2011 2:32am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Eurusd short term accumulation..clustered at resistance then went down..
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  • Post# 12
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  • Oct 18, 2011 2:33am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Quoting microsuck_36
Good luck!
Thanks dude!
  • Post# 13
  • Quote
  • Oct 18, 2011 2:50am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
I believe high leverage is the number 1 murder amongst traders. Yes it might seem harmless but then the temptation to overtrade is significant. The get rich quick mindset will be in every trader's mind which is cancerous.

Now i am sober and I use 1:10. Sometimes i tried to open more positions but then i can't .. I used to to search for brokers with the highest leverage because i want to be a millionaire in a day. On top of that, i used to use the leverage to open the biggest position i can because i was so sure the market will move to my benefit...well yeah you can make 1000% in a week but then you can lose it in one day.

I was a good trader but then my mindset was i can make a million in one month. So yeah i was a gambling eventhough it didn't feel so at the time. Hence, i lost almost everything.

Seriously for those losing traders use lesser leverage if you can't deal with the temptation. I recommend 1:10 so you can't open more than you can afford. For 1:10 leverage you can open 0.1 for every 1000 usd.

Try it and i am sure you will like it! ;D

Best regards.
  • Post# 14
  • Quote
  • Oct 18, 2011 3:48am
  • bumapatria
    Commercial Member | 10,151 Posts | Joined Aug 2011
Quoting s1quash1
I believe high leverage is the number 1 murder amongst traders. Yes it might seem harmless but then the temptation to overtrade is significant. The get rich quick mindset will be in every trader's mind which is cancerous.

Now i am sober and I use 1:10. Sometimes i tried to open more positions but then i can't .. I used to to search for brokers with the highest leverage because i want to be a millionaire in a day. On top of that, i used to use the leverage to open the biggest position i can because i was so sure the market will move to my benefit...well...
tossed a vouch
same here, i use 1:1 leverage and 1:5 for rescuing positions.

another thing of killers is emotional intelligence. watch it well, control it well, friend
  • Post# 15
  • Quote
  • Oct 18, 2011 3:57am
  • bumapatria
    Commercial Member | 10,151 Posts | Joined Aug 2011
Quoting s1quash1
Hey thanks!! Hmm..emotional intelligence..Yes emotions may screw you if you let them.
My thread is always open to young people, old, dead, as long as you are respectful to my family,

you are always welcoem
  • Post# 16
  • Quote
  • Oct 18, 2011 4:03am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Quoting bumapatria
My thread is always open to young people, old, dead, as long as you are respectful to my family,

you are always welcoem
Hey thanks!! Hmm..emotional intelligence..Yes emotions may screw you if you let them.
  • Post# 17
  • Quote
  • Oct 18, 2011 4:30am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Scalp? Hold? Wait for the momentum,confirmation..
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  • Post# 18
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  • Oct 18, 2011 4:45am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Scalp
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  • Post# 19
  • Quote
  • Oct 18, 2011 6:46am
  • s1quash1
    Commercial Member | 44 Posts | Joined Aug 2011
Never be too sure of your position.
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  • Post# 20
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  • Oct 18, 2011 6:51am
  • bumapatria
    Commercial Member | 10,151 Posts | Joined Aug 2011
great hedging in profit

making profits both ways is great. i hope you can keep the profit also from both sides.

Tell me, what drove you to buy and sell where you did?

i just want to know.
i like to know people's opinions and ideas.
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