Dislikedyou can earn 1 or 3 months. and one month price changed how when you loose all your wining in 2 weeks. its a game but not a job. i trade forex 12 years. and be honest i cant be in profit. and i know very strong traders. but they cant live from forex too . everyone have own jobs . forex is a cheating game. like lottery with some technical instrumentsIgnored
We have stop losses for a reason. Traders just don't want to lose a trade and they hope price reverses so they lose more than they have to. Stop loss must be wide enough for a pair to breathe. Also switching your system around every week will make you lose. Sometimes you actually do Have a decent system but you took a bad loss and then you start to make changes and just completely mess everything up.
I can easily sell my business and Trade Forex For a living just fine. The problem is I like what I do and I have a Place to hang out every day that makes money. IM known in my City. I wouldn't give it up for Forex just yet. Maybe when I'm older and sick of doing it but I'm still young and enjoy it very much. Like now, Trading from my Bar with a Cocktail. Can't Complain
Most threads are not making a dime. Systems are too complex and they focus more on indicators than price. The guys who are making money end up leaving Forex Factory. No point in being here when everyone is losing and doubting those who are. It's one of the reasons I barely come on. Sometimes I come here to just start a little crap and leave. It's fun to pick on demo traders who tell others what to do. Maybe that's just the Big Kid in me my wife says.
An example I did live trade calls and my TP. Show my profit and Tekkies right away says it has to do with ego. He/she doubts and is jealous because he/she can't do it. Like many others on here. I have had people message me all the time and I tell them the same thing over and over again. Go 8 Months off of Forex Factory. Just check Calander and focus on creating a system that suits you. Watch all timeframes and only have at most 5 Indicators. Study, Study, Study. Screenshot your trades when you entered and then look at it again when you close the trade. See what you did wrong or right. Do this on multiple timeframes to see how to make your entries better. If you feel like you have to come on here to see what other traders think about it pick another pair. That Pair Didn't give you a clear Signal. Trade at the right times. If you can figure out the right time to trade I swear its easier than you think (once you learn price Action)
I've been in a giving mood this week. That's enough.. Wife and kids back tomorrow and back to Real life.
while tekkies said pairs consolidating no trade I’m up 1K on my chfjoy sell from earlier. Listen to yourself only
FREE TRADE SELL= AUDJPY-NZDJPY-CHFJPY
You will learn the most from your losing Trades
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