LOST 7K$ in one week, help!

Only has started to trade one week ago and already in a minus for 7000 dollars, could not enter 2 times into trade in time, and then tried to hold "minus positions" until then when they will go to a underside. Both time has not kept, lost everything, though after that they really went back, could make a big profit, and the big minus has turned out. (sorry for my english)

Welcome to Forex!

Try demo trading for a few months, once you have found a system that works for YOU, start again with real money (small lots=micro).

Cheers!

)) cheers for greeting! Is there any other way to analyse market faster? some major signs? thing is that I understand where it is going but I cant get a right time to enter, thats why I loose. Right now, it goes up again, but I loose already, only one lot left...

Open-Heart Surgery for Dummies was added to the "Dummies" series in 2002 in light of a sudden demand for cheaper heart surgery. The do-it-yourself method was popularised by this book, written by Gerald Carter, a freelance writer with no medical experience whatsoever, although he did stay at a Holiday Inn Express last night.
Contents

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1. <LI class=toclevel-1>1 Excerpts <LI class=toclevel-1>2 Criticism <LI class=toclevel-1>3 Arguments in favor <LI class=toclevel-1>4 Popularity <LI class=toclevel-1>5 Aftermath
2. 6 See Also

[edit] Excerpts

Here are a few excerpts from the popular book:
From the introduction:
Are you tired of having your loved ones' heart surgery being performed by those pesky experienced surgeons? Who isn't? In this book, we show you how to fix heart valves, repair arteries, and patch up holes- on the cheap!
From Chapter 1 - Preparing:
"Be prepared! That is what heart surgeons would say if they were also Boy Scouts. This rings true in the field of on-your-own heart surgery as well. Always make sure to wash your hands before surgery, and be sure you have all the proper tools: scalpel, thread, duct tape, and kitchen knife.
From Chapter 1.5 - Anaesthesia:
It may be interesting for the patient if he or she remains conscious during the exercise, but most surgeons choose to apply some form of anaesthesia, because they do not like it when the patient criticizes their work. One of the most common methods is to hit the patient very hard on the head with a hammer. Where to hit, how often to hit, it is all covered in this chapter. Alternatives are also covered, involving gagging and tying up the victim patient. When gagging be sure to gag the patient tight enough so that any scream or sound is muffled.
From Chapter 2 - The Heart:
The heart can be sometimes difficult to find, especially if you are operating on mean people. The heart is the red throbby thing right inside the ribcage. Start up, and scan down the body. If you see a long coiling thingy that appears to be digesting things, you've gone too far.
From Chapter 3 - Materials:
Don't have everything you need? Improvise! The ribcage can be opened with a simple tire jack. Most brands of tape can hold together holes. Need a place to put the heart when you're taking a break? The icebox is a great resting spot! Just make sure you don't confuse it with the steaks!
From Chapter 4 - Surgery:
You've made it! Time to shine. Find somebody you know with a heart defect. (Be sure that they're comfortable with the fact that it's very likely that you'll screw up if it's one of your first few dozen 'trial' runs.) The most important thing is to remain calm. The only thing that panicking does is make you realize that it's incredibly stupid to perform heart surgery yourself. Clearly, that is not very productive when you are going to perform it anyway, and may badly influence the outcome of the operation.
From Chapter 5 - Prenatal Heart Surgery:
Many unborn children suffer from heart problems, often stemming from inbreeding or the prenatal kidney surgery you performed on them last week. This chapter will prepare you to deal with delicate immature bones and undeveloped tissues without confusing the hearts of mother and child. Special bonus section: Twins!
From Chapter 10 - Dealing with Fatalities:
Every surgeon has one that, well, doesn't make it. Every completely inexperienced neanderthal has about five a week. You'll need to learn how to cope. Be sure to have a malpractice lawyer on hand. (Can't find one? Just buy Malpractice Defence for Dummies at your local bookstore!)

I appologise for the humor. I am just trying to say, it is not as easy as opening an account and taking a chance... You really must get educated and spend some time training before you plunge your major account..

less is more...i guess u were overleveraged...:, and now u are asking us to help u recover like 500%....

Classic!

I might have to borrow this post to use on other trading forums, I'll certainly give credit though.

I ask to help to learn to analyze the market from what grow and quotations fall, I not absolutely understand all. But despite of my losses I was right as a result, simply too early bought.

No, this is not true! It really is only of secondary importance that the analysis was right. What is of primary importance is your money management and your experience, to follow a well tested plan.

Sorry for your loss, but you do need to take responsibility for it.. saying "it could have been a big profit" and "it turned back, after i took the loss" will not get you anywhere. Assess your risk, not only $ risk, but the probability of you trade setup working. If according to your historical observation a particular trade setup doesn't really work more often than not, then money management (which you are lacking too) will do little for you.

Here's a concept which will probably help you in your trading, it's fundamental
and applies to all timeframes http://www.pring.com/movies/peakandtrough.html.

Read some books if you can, not all of them will have useful information but there's always nuggets here and there.

Pick up Trade Your Way to Financial Freedom to understand what kind of things are important to look at.

Rgds,
Bob

First thing first, you were trading too big.

Secondly, you were trading without proper knowledge and experience.

Trading is a profession just like being a doctor or a lawyer. Being a lawyer and a doctor requires years of study to be a novice, and years of practise to be good. So what makes you think you'd be good when you haven't even placed in effort to study?

google (forex rehab ), these guys can help you.

NO NO NO.... you did not just BUY too early... you should not ever have even thought you could do this... you need to STOP... and get a forex education first.... do NOT trade anymore until you can be profitable on a demo account... This is not a get rich quick deal... most are super lucky if they make it out alive !!! You just jumped off the highest cliff you have ever seen... lets hope you can grab on to a branch with one hand and save yourself !!!

Do NOT EVER risk more than 1% of your account on any trade.... !! Man, I could have just given you my address, and you send the money western union right to me... !!!

Listen carefully to all that is being said here in this thread ... !!!!!!!!!!!! There is your branch... but you already lost a leg... !!!

I have studied day and night for more than three years... !!! Still failed to get my degree !!!

thanks for the money

Email me i will help you trade better, losing money is easy in forex we all have done it....

Making and keep making it is harder you need a system that has stops and targets and trades based on indicators...

As i say give me an email i will help you as once i to had to learn.

Happy Xmas

I would advise you to read my thread where I dissect the problems I came around with when trading FX for the first time.

I am back trading now with smaller positions after a time-out period where I analyzed several systems (only made two trades so far, losing 35 pips for the month but hey... at least I'm alive) to see if any were suitable to my personality.

So I would recommend that you analyze your past trades and see what errors you made (you will probably share some with me). It will be a lot easier to correct them afterwards.

I suppose you overleveraged and did not cut your losses.
This is the 2 first common mistakes.

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I have just read your post more closely and i see you mention 1 lot at a given time.

1 lot is just too much for a 10k account...

Just make a simple calculation. 1 lot = 10$ by pip that means that if you dont want to risk more than 3% on each trade you have to use 30 pips SL...

30SL is ok when you start to know the market and PA so you can find the good entry point but when you start i think it's not big enough.

10k account = 2-3 minilots...

I known that sounds like "hey come'on i want to make big money, show me the real thing" but this is the real thing...