Why are you trading?

hi all,
before deciding to trade foreign exchange please understand the following.

there are some fx mkt dynamics that really dont seem to be addressed anywhere that i can see..
bare with me here and sorry for sounding like a miserable so and so..

the realities:

every time someone trades in fx they are competing agst the whole mkt not just like minded traders.
The whole mkt includes full time professional traders. They work 12+ plus a day. They are very heavily resourced and have an enormous amount of information available to them. Their business and lives are structured entirely around giving themselves the best possible chance to deliver returns to their investors.
That is what people are competing with..

Of those professional traders only about 15% make money over time.

Their profit days to loss day percentage is around the mid to low 50 percents.

Those at the very top of the tree have a win rate of well below 50 percent as their trade size means they pay wider bid/offer spreads.

Trading in shorter time frames in smaller amounts and targeting smaller revenues does not change the playing field. Im afraid you still bump into the above described.

So trying to do this part time, or as a hobbie or on a laptop at lunchtime at work etc etc etc?..Your chances of profitability are very very low

Everyone involved in fx trading, or thinking about doing it, really has to understand how the above will impact their chances of success.


sorry about this but it is a reality that really has to be tabled.
If you decide to go for it regardless, then all power to you and i hope you nail it

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I started trading because i interested in what making that line moving up and down's,
then i found out that someone account in the my scraper(data mining) panel that connected to his robot forex scheme.
as it does not filled with money, then i googled forex, and i stumbled by what it is.

in my basic knowledge back then, foreign exchange is just come to bank/money changer to change my home country currency to other country currency in the counter/desk. what i found out was make im shocked, just sit in front of computer can make you rich if you understand the method/technics.

so i started bumped around some friend, who is friend of my friend when im still in college. he has make decent amount of money from forex, he put the bar high that if i want to learn from him, i must spent few bucks. we negotiate, because i was kinda got hint of the trading method. so i started learning from him, without spent any money. LOL

i spent some time to hit the demos, but not trading it daily, kinda monthly trade that end up losing in just matter of minutes. make another account and hit the button like maniac, the result look like it was profitable by 200%, i think this decent amount of money can end up in my pocket if im make real accont. the next week of that profitable day, i put few dollar in real account, it was $10. LOL. this is so funny.
with the knowledge from demo trading, i hit trade lot size around 0.10 in gbpusd, 1 hour later, the nfp come out, my trade isn't closed yet, silly me. i just wait, and the inevitable happen. my account hit Margin Call. LOL
tried few time with real, cent, micro. nothing happening, it was just i end up losing. then i pat myself in the shoulder, saying that i should just trade from demos from that time.

oh this reply is out of topic, LOL
sorry op

I like to not being a human and I like economics.

For me, my wife and my children. Simple as that.

In my opinion, it's kind of a lovely game.
Forex Trading is to die for.
I totally agree that it's like a math puzzle.
We've got to find the best chance in order to win this game.
This is the game of probability.

For me I love the patterns and the thrill of the chase.
I set the trades up on Monday after a Sunday morning looking at the Forex news for the up coming week and off we go.
It will never be about the money for me ....just the challenge of being more right than wrong

I trade for my family too. I find it both a great motivator and a source of anxiety sometimes.

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