I knew from the outset that ALL the stuff found in books, videos or online material don't work. Yet at the same time I don't know what works. I don't even know what I was searching for, in what shape or form. All I know is it has to be logical, make sense and can be quantitatively proven. My mistake is twofold - I thought the search will be within a couple of years, 3-5 yrs maybe, but I was way off target. Second mistake, I could not resist punting blindly eventhough I knew back then that I know I have no edge. I waited years for something to gel but admittedly there's nothing concrete, so out of frustration and impatience I took to gambling on forex. Yes I say gambling because I could not substantiate logically with concrete proof why I will want to punt a dime on this forex market, let alone make money from this endeavour. My 2 mistakes I hope others can learn from it - it's much much harder than you imagine it to be.
{quote} greatmy mistake was that i thought there are systems that work and that does not. also did not know anything about the art of losing - how to deal with the losses and concentrated only on winning.
- #84
- Nov 9, 2015 10:15pm Nov 9, 2015 10:15pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} Some traders were afraid to open a position because they were concentrating themselves on reasons to lose rather than reasons to win...
As Above, So Below
{quote} That's simply amazing how early you started to learn such a complicated concept!
Only because my father has done this for a living since before I was born, so it was "available" to me, and because I was Asperger-ish enough to find numbers and charts fascinating, and not really to have any other interests or friendships.
{quote} Only because my father has done this for a living since before I was born, so it was "available" to me, and because I was Asperger-ish enough to find numbers and charts fascinating, and not really to have any other interests or friendships.
- #98
- Edited 10:17am Nov 12, 2015 9:14am | Edited 10:17am
well, if i had a time machine and could advise my younger self about forex here is what i would say:
RUN ! get the hell out of it right now.
i know some rookie think forex is a good way to make allot of money quick, or replace an actual job but in reality there is a high probability that you'll lose your investment, if you're lucky you'll manage to BE.
no, you'll never be a full time forex trader, and no you'll never be a forex millionaire (at least not by trading ), its a lie that brokers and other sales men told you.
i know some people here will say "but, i make money, what you say isn't true", those people are either lying on purpose or simply delusional.
on my +8 year journey in Forex i'v never met nor hear of anyone that was consistently profitable on the long run.
you may pick up some myfxbook stats here and there, but most of those come from shady broker and the million dollar making EA happens to be for sale for discount at $99 just for you while it was $299 yesterday, lucky you huh ?!
the only ones making profits out of Forex are brokers and some market "mentors" with their idiotic webinars and usless EAs/indicators.
tl;dr get the hell out of here, find a real job and work hard.
RUN ! get the hell out of it right now.
i know some rookie think forex is a good way to make allot of money quick, or replace an actual job but in reality there is a high probability that you'll lose your investment, if you're lucky you'll manage to BE.
no, you'll never be a full time forex trader, and no you'll never be a forex millionaire (at least not by trading ), its a lie that brokers and other sales men told you.
i know some people here will say "but, i make money, what you say isn't true", those people are either lying on purpose or simply delusional.
on my +8 year journey in Forex i'v never met nor hear of anyone that was consistently profitable on the long run.
you may pick up some myfxbook stats here and there, but most of those come from shady broker and the million dollar making EA happens to be for sale for discount at $99 just for you while it was $299 yesterday, lucky you huh ?!
the only ones making profits out of Forex are brokers and some market "mentors" with their idiotic webinars and usless EAs/indicators.
tl;dr get the hell out of here, find a real job and work hard.
i lose money for a living
- #100
- Nov 13, 2015 12:47am Nov 13, 2015 12:47am
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
well, if i had a time machine and could advise my younger self about forex here is what i would say: RUN ! get the hell out of it right now. i know some rookie think forex is a good way to make allot of money quick, or replace an actual job but in reality there is a high probability that you'll lose your investment, if you're lucky you'll manage to BE. no, you'll never be a full time forex trader, and no you'll never be a forex millionaire (at least not by trading ), its a lie that brokers and other sales men told you. i know some people here will...
