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Why do I trade Forex

  • #21
  • Nov 29, 2006 3:43am Nov 29, 2006 3:43am
  •  Trader#0000
  • | Status: Unregistered Trader
Hi Jacko,
Do you mind to show us , newbies , what are your secrets in winning of forex market.
  • #22
  • Nov 29, 2006 6:20am Nov 29, 2006 6:20am
Great post Jacko. Lot of truth in what you said.

Wish you the best,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #23
  • Nov 29, 2006 6:27am Nov 29, 2006 6:27am
Jacko, posts like this keep me in the business. You hit a few points exactly. Undercapitalized would be my big problem. Realizing that I am close to retirememt and have nothing to show for is pretty scarry, and puts some stress on me..

Anyway, great points you make, I will follow your advice.
Steve
  • #24
  • Nov 29, 2006 7:58am Nov 29, 2006 7:58am
Quoting fxnewbie
Hi Jacko,
Do you mind to show us , newbies , what are your secrets in winning of forex market.
hello fxnewbie,

Try looking here
http://www.forexfactory.com/forexfor...042#post123042


and here
http://www.forexfactory.com/forexfor...721#post132721


If you need any more info, just ask.

Just remember, I am not saying anything different to what all the good trading books say...but it is amazing that every newbie wants to stand tough like a man and "take on" the market (by not using stop losses) and then wonders which express freight train flattened them (and destroyed their trading accounts). This is magnified exponentially when the power of leverage is used against you.
  • #25
  • Nov 30, 2006 4:04am Nov 30, 2006 4:04am
Quoting hilmy83
i trade forex cause i want to retire by 30...
Mine motivation is the same,

Cheers
  • #26
  • Dec 2, 2006 6:34am Dec 2, 2006 6:34am
I trade forex because i want to learn something new
Trade what you see, not what you think.
  • #27
  • Dec 2, 2006 10:12pm Dec 2, 2006 10:12pm
I trade because it's tough as hell and I want to be one of the ones who can do it. Plus I like it.
How you act is more important than how you feel.
  • #28
  • Feb 27, 2007 6:08am Feb 27, 2007 6:08am
the reason i trade forex is just to kill time. my daily activity very boring. i sell cookies and my wife take care of it everyday. i'm busy only in the opening or closing of the store. time is all mine between that time. what should i do?? i can't hold a job, the job that repetitive everyday.

by forex, it's just amazing. i figure out what works today maybe not works tomorrow and maybe can function again next week. it just like sleeping with different girls from time to time. it never bored me.

just my opinion................
  • #29
  • Feb 27, 2007 6:41am Feb 27, 2007 6:41am
1....because i am adrenalin junky...

finaly i get it...thanks.
its just money
  • #30
  • Mar 8, 2007 1:35pm Mar 8, 2007 1:35pm
Quoting StockKJay
Ohh boy... I wish that was true for me
no *h**

i guess each has our own reason. to sit at a pc , thump the screen etc when things dont go our way.... but to perservere ..means to an end scenario

freeedommmmmm.........from the 9-5 drudge for what . to have two days break and go line someone elses pockets for another week
  • #31
  • Mar 8, 2007 2:53pm Mar 8, 2007 2:53pm
I trade forex so I can retire in at most 5 years at the ripe age of 25, and travel the world soon after.
  • #32
  • Jun 2, 2007 4:59pm Jun 2, 2007 4:59pm
I trade because i don't like to do other jobs, and because i like to work alone in my office without talk with other people that i really don't have interest in talk with.
Anyway, i think it is not simple job, the best bad thing i ever read!!
It's the hardest job in the word (if not the hardest, one of the top 10)!

What you think? Simplest or Hardest ?
  • #33
  • Dec 13, 2017 2:03am Dec 13, 2017 2:03am
Quoting biwy
Is it because it's fun ? Is it because it seems easy, just a simple click and I can make thousands of Euros =P? Is it because I actually am specialised in Forex trading and I love analysis? Is it because I think that it's the only possible investment for me ( scared of equities, derivatives, options...) ? etc... I was wondering why people trade forex here, personnaly I think it is the easiest way to make a lot of money, fast, and simple =). What about the ff guys =) happy trading
It's the most straightforward to get into with little edge. I exchange in light of the fact that each time I take a gander at the charts, it is another test. I cherish it. I am an exceptionally tuned in to designs, so I appreciate choosing from the charts. Since I am totally persuaded this is the best "business" on the planet. No lease of workplaces that is, no managing Realtors, Lawyers, and government offices. Additionally no office fit-out expenses. Forex tradings resembles opening a normal business yet living it 400 times quicker.
  • #34
  • Dec 13, 2017 12:22pm Dec 13, 2017 12:22pm
Quoting tunera
I trade because i don't like to do other jobs, and because i like to work alone in my office without talk with other people that i really don't have interest in talk with. Anyway, i think it is not simple job, the best bad thing i ever read!! It's the hardest job in the word (if not the hardest, one of the top 10)! What you think? Simplest or Hardest ?
No doubt, it’s not easy way of money making! Yes, Forex is one of the most challenging profession! By the way, day by day I’m learning and updating my trading skill! Yes, I’m hopeful about my trading success.
  • #35
  • Dec 14, 2017 11:06pm Dec 14, 2017 11:06pm
I preferred to trade forex because I was convinced that here I have many opportunities to grow my wealth.
  • #36
  • Dec 15, 2017 11:39am Dec 15, 2017 11:39am
Quoting DarrenLehma
{quote} No doubt, it’s not easy way of money making! Yes, Forex is one of the most challenging profession! By the way, day by day I’m learning and updating my trading skill! Yes, I’m hopeful about my trading success.
lol at the quote 10 years later
  • #37
  • Dec 17, 2017 4:55pm Dec 17, 2017 4:55pm
For me, it is because it is exciting and keeps me awake, and at the same time, I have the opportunity to win (or lost) money
  • #38
  • Dec 17, 2017 5:01pm Dec 17, 2017 5:01pm
I do trade forex to get to CR7 annual income figures of around 80 mil per annum. Without all the fuzz and noise around me. Completely anonymously. As a hobby trader, unlike CR7 who is professional... Lets see if this is doable!
Maadik Hugiis. IQ 69.
  • #39
  • Dec 24, 2017 11:03pm Dec 24, 2017 11:03pm
You need to focus on building your own Forex strategy that allows you to make money consistently each month, don’t focus on making a lot of money really fast because it will come with time.
  • #40
  • Dec 27, 2017 9:58am Dec 27, 2017 9:58am
I trade forex for profit with the goal of a (nearly) passive income, since i am a algo-trader.
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