My Forex Story | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Brief Story Of My Life and How I Stumbled In Forex Trading 41 replies

A story about a burglar and forex 21 replies

My first success story...and what could have been a second 0 replies

Attachments: My Forex Story
Exit Attachments

My Forex Story

  • #41
  • Sep 8, 2017 4:56am Sep 8, 2017 4:56am
Quoting chartsndream
You know how they say it takes 10 years to become an overnight success? Well, I'm on my 3rd year. I bought my first trading book on October 1, 2013. By January 2014, I opened my first trade. After a year of trading I managed to break-even and had a book collection of almost thirty books (value of +$1,000.) My most valuable lesson learned was reading books do not make you a profitable trader. This was an osmosis type of training that must be learned with proper chart time. 1st Year {image} At the start of the second year after breaking-even, I continue...
I came across this thread today.
Very realistic experience that you shared.
When the going gets tough , the tough get going
  • #42
  • Sep 8, 2017 4:59am Sep 8, 2017 4:59am
Quoting chartsndream
Any true aspiring trader knows that becoming a consistent profitable trader takes years of hard work and sacrifices and clowns like these guys that portray trading currency as an easy journey should be avoided. They post a few winning trades (on demo) but they are not making consistent money by actually trading over the long run, instead they make their money with subscriptions to their methods. And then they have the audacity to called themselves traders. Clowns. I have no issue with traders that have years of proven consistency and profitability...
Very well said.
When the going gets tough , the tough get going
  • #43
  • Last Post: Dec 10, 2017 7:38pm Dec 10, 2017 7:38pm
It has been 49 months since I picked up my first trading book and 27 months since I learned of the Foreign Exchange Market (and trade it exclusively.) I have not really lost any money to the markets as I have been in the break-even phase for the past four years during my development as a trader. For December 2016 - December 2017, I have taken 103 trades and have ended the year in +$78 (BE). I have been surviving the markets as I develop my inner market wisdom/experience through constant chart time. You must first survive the market before you can begin thriving in it. Today, I was looking at my journal/notes from two years ago and comparing them to my recent notes and it's amazing the evolution that takes place. The notes from two years ago show my trading system changing on a weekly/monthly basis and some other flaws that new traders often make. The more recent notes shows a defined trading system that I know will have some bad weeks but I have finally accepted that this is part of the game. If your money management in intact, you should come out on the profitable side in the end. It will take years of persistency for a trader to overcome the threshold of consistency. It's all about pattern recognition and I'm not talking about the ones that are found in every technical analysis/trading book but the pattern recognition art that only your brain is able to identify from the constant chart time it has been exposed to. Your newfound perception is unique and you start becoming synchronized with the market dynamic/structure you see on a weekly basis. The day you have created/mastered a defined trading system (and have the discipline to trade it) that is compatible with your unique pattern recognition art (in the market you trade) combined with an optimal risk management is the day you will start to make money.
0 traders viewing now