The struggles of a Forex trader | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

A beginner trader vs pro trader 15 replies

from retail trader to full-time trader 17 replies

Discipline Trader and Voice Trader EA/IND 16 replies

IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies

Attachments: The struggles of a Forex trader
Exit Attachments

The struggles of a Forex trader

  • #61
  • Mar 6, 2018 11:13pm Mar 6, 2018 11:13pm
Quoting Sammih
Find your style. Be comfortable. I trade the 4hr and daily charts. I find I can make money this way. I can sleep soundly with trades on. This has not always been the case. I started trading on the 30 mins TF, combining it with the 1hr. I'll say it just wasn't for me. Find the right TF. This might take some time. Leverage will kill you(even if you have a 100% win rate). Don't over leverage. Focus on just a few pairs. Be specialized, not a General Practitioner.
Well, I've read through your post 3 times now, and I see no reference to you claiming to be the complete trader or anything remotely similar.. Not 1. I see some sound advice about traders finding what works for them, their "style" and what's "comfortable".

You talk about what works for you and what doesn't.

No idea what Genghistar is posting about with regards to you not be honest with yourself...etc...

It almost sounds like he was slightly offended by whatever you said...
Come with me if you want to live....
  • #62
  • Mar 6, 2018 11:23pm Mar 6, 2018 11:23pm
Quoting Ill-b-back
{quote} Well, I've read through your post 3 times now, and I see no reference to you claiming to be the complete trader or anything remotely similar.. Not 1. I see some sound advice about traders finding what works for them, their "style" and what's "comfortable". You talk about what works for you and what doesn't. No idea what Genghistar is posting about with regards to you not be honest with yourself...etc... It almost sounds like he was slightly offended by whatever you said...
Well played.
"The fun is in the hunt. Not the kill."
  • #63
  • Mar 7, 2018 12:20am Mar 7, 2018 12:20am
Quoting Ill-b-back
{quote} Well, I've read through your post 3 times now, and I see no reference to you claiming to be the complete trader or anything remotely similar.. Not 1. I see some sound advice about traders finding what works for them, their "style" and what's "comfortable". You talk about what works for you and what doesn't. No idea what Genghistar is posting about with regards to you not be honest with yourself...etc... It almost sounds like he was slightly offended by whatever you said...
I didn't quite understand what triggered him either.
If you are good at something, never do it for free--Joker
  • #64
  • Mar 7, 2018 12:27am Mar 7, 2018 12:27am
Quoting Ill-b-back
{quote} Well, I've read through your post 3 times now, and I see no reference to you claiming to be the complete trader or anything remotely similar.. Not 1. I see some sound advice about traders finding what works for them, their "style" and what's "comfortable". You talk about what works for you and what doesn't. No idea what Genghistar is posting about with regards to you not be honest with yourself...etc... It almost sounds like he was slightly offended by whatever you said...
I actually agreed with him about being able to make money using 4hrs TF and above and it's desirous to also know how to make money using smaller TF which I called Complete trader trading any and all TFs.
I may have sounded a tad condescending which he did not take it too lightly.
It's not really a big deal for me as my intention was anything but patronising.
I will have to learn to share less and keep my nose clean. Hehe

Cheers
  • #65
  • Mar 7, 2018 1:01am Mar 7, 2018 1:01am
Quoting genghistar
{quote} I actually agreed with him about being able to make money using 4hrs TF and above and it's desirous to also know how to make money using smaller TF which I called Complete trader trading any and all TFs. I may have sounded a tad condescending which he did not take it too lightly. It's not really a big deal for me as my intention was anything but patronising. I will have to learn to share less and keep my nose clean. Hehe Cheers
You aren't supposed to tell people directly that they're being dishonest with themselves. Even if you do in fact understand them better than they understand themselves it's a quick way to make the whole ego thing start throwing up all sorts of defense mechanisms to protect it's vulnerability. Risk aversion, remember?
"The fun is in the hunt. Not the kill."
  • #66
  • Mar 7, 2018 1:13am Mar 7, 2018 1:13am
Quoting Redeflect
{quote} You aren't supposed to tell people directly that they're being dishonest with themselves. Even if you do in fact understand them better than they understand themselves it's a quick way to make the whole ego thing start throwing up all sorts of defense mechanisms to protect it's vulnerability. Risk aversion, remember?
Yes bro..I am being naive but I am averse to half truth too.

Hehe
  • #67
  • Mar 7, 2018 1:18am Mar 7, 2018 1:18am
Quoting genghistar
{quote} Yes bro..I am being naive but I am averse to half truth too. Hehe
It's a mistake I too make often enough. It's the world in which we still must live.
"The fun is in the hunt. Not the kill."
  • #68
  • Mar 7, 2018 1:34am Mar 7, 2018 1:34am
Quoting Redeflect
{quote} You aren't supposed to tell people directly that they're being dishonest with themselves. Even if you do in fact understand them better than they understand themselves it's a quick way to make the whole ego thing start throwing up all sorts of defense mechanisms to protect it's vulnerability. Risk aversion, remember?
No you aren't, not when there wasn't anything in their original post indicating they are fooling themselves about being something they aren't.
Come with me if you want to live....
  • #69
  • Mar 7, 2018 1:35am Mar 7, 2018 1:35am
Quoting jmn5611
{quote} I didn't quite understand what triggered him either.
Neither do I. The post was clear enough to me.
Is interesting to see the backing away then re-emergence of the same unwarranted/misplaced criticism when prompted by Redeflect though.
Come with me if you want to live....
  • #70
  • Edited 1:59am Mar 7, 2018 1:45am | Edited 1:59am
Quoting Ill-b-back
{quote} Neither do I. The post was clear enough to me. Is interesting to see the backing away then re-emergence of the same unwarranted/misplaced criticism when prompted by Redeflect though.
Not criticism. Consider it tough love. His post was clear about where he is, where he was, and where he went with it. He believes himself to be okay with where he is; there's nothing wrong with prodding him along until he knows exactly where that is. Finding a comfort zone is nice but it's still a zone and I'm certain we can agree that it's not as pleasant as recognizing that the map is not the territory.
"The fun is in the hunt. Not the kill."
  • #71
  • Mar 7, 2018 1:48am Mar 7, 2018 1:48am
Quoting Redeflect
{quote} Not criticism. Consider it tough love. His post was clear about where h
"Where h" ?

Still have no idea what this "tough love" was about.

What was it about his original post that warranted this "tough affection" exactly
Come with me if you want to live....
  • #72
  • Mar 7, 2018 2:06am Mar 7, 2018 2:06am
Quoting Ill-b-back
{quote} "Where h" ? Still have no idea what this "tough love" was about. What was it about his original post that warranted this "tough affection" exactly
I don't think people have to prove that they've earned the right to endure trials and tribulations in order to be presented with them.
Attached Image
"The fun is in the hunt. Not the kill."
  • #73
  • Mar 7, 2018 2:12am Mar 7, 2018 2:12am
Quoting Redeflect
{quote} Not criticism. Consider it tough love. His post was clear about where he is, where he was, and where he went with it. He believes himself to be okay with where he is; there's nothing wrong with prodding him along until he knows exactly where that is. Finding a comfort zone is nice but it's still a zone and I'm certain we can agree that it's not as pleasant as recognizing that the map is not the territory.
It's alright bro, this is not the first time my post was misconstrued as unwarranted criticism. No need to deny something when there is none. More terrible things have happened here every day.
The ignore button is there to serve its purpose.
Move on and after all this is just a public forum. Hehe

Cheers and trade well.
  • #74
  • Mar 7, 2018 2:27am Mar 7, 2018 2:27am
Quoting genghistar
{quote} It's alright bro, this is not the first time my post was misconstrued as unwarranted criticism. No need to deny something when there is none. More terrible things have happened here every day. The ignore button is there to serve its purpose. Move on and after all this is just a public forum. Hehe Cheers and trade well.
I'd love to but the damn market isn't going anywhere. This week is going to be a pain in the ass from here on out; I can already tell.
"The fun is in the hunt. Not the kill."
  • #75
  • Mar 7, 2018 2:42am Mar 7, 2018 2:42am
Quoting genghistar
{quote} Agreed...you can make money with higher TF. But if you are totally honest with your own self you know very well you are not a complete trader as yet. And that's the reason you are still hanging out on this forum to find ways to improve. You will only stop once you found a way to also succeed to make money on the smallest of the TF. Then only you have finally arrived. The way to improve begins first with being totally honest about oneself. Cheers
Sorry Genghistar, and Redeflect, I re-read your post with a different tone in my head and can see you were being thought provoking towards him, not reactionary to something he said.

I do think it's a bit presumptuous though, to say we are here to find ways of making money from smallest timeframes, to become complete traders.
Like Sammi, I myself have been edging up TF's towards the daily/weekly and monthly on GU only, because I found 1hr TF's too choppy.
That's what FF has done for me through watching how other traders analyse these higher TF's.

Living in Australia, not wanting to watch the screen all night and sleeping through NY session also contributes to my lifestyle strategy.
Come with me if you want to live....
  • #76
  • Mar 7, 2018 2:45am Mar 7, 2018 2:45am
LoL first time I've been on here in a few years and it's great to see nothing has changed, arguments, egos and not much else. OP, first thing you need to do is get off forums, FF has got a good economic calendar, some good news items but as far as the forum's concerned don't waste your time. There are a million ways to trade and even more wonderful opinions on here telling you that this will and won't work, it's just confusing and very often the blind leading the blind.

Day trading does work, swing trading works, position trading works but it's finding something you're comfortable with and then learning whatever you can about that method. Then comes the real hard part, YOU. 20% system, 80% you so if your account is still here in 3-5 years and you've sorted your trading head out and haven't committed suicide then you'll probably make money. Good luck and see ya in another 3 years.
Ardua Ad Astra Per
  • #77
  • Mar 7, 2018 3:00am Mar 7, 2018 3:00am
Quoting Ill-b-back
{quote} Sorry Genghistar, and Redeflect, I re-read your post with a different tone in my head and can see you were being thought provoking towards him, not reactionary to something he said. I do think it's a bit presumptuous though, to say we are here to find ifways of making money from smallest timeframes, to become complete traders. Like Sammi, I myself have been edging up TF's towards the daily/weekly and monthly on GU only, because I found 1hr TF's too choppy. That's what FF has done for me through watching how other traders analyse these higher...
Alright before that I apologise if my post cause distress to anyone which is not my intention.
My method is devoid of all TFs from 1min to mthly and they are all the same with me. The only factor is price levels which effectively means I have no problem trading them all which I may
had inelegantly presented it which I thought was helpful.
I realised I may sounded cocky but probably it stems from my confidence in trading them effectively.
I meant no offend at all.

Cheers
  • #78
  • Mar 7, 2018 5:32am Mar 7, 2018 5:32am
Quoting fxtrader29ca
Hello everyone, I would like to start a thread talking about the struggles of a forex trader. I would like to know how everyone is honestly doing out there . I would like to know what trading methods are making money and trading methods that are frustrating to trade at the moment. Everyone has a different experience while trading the forex market and I would like to hear yours. Have you had a good experience so far in 2018 or are you finding it hard to find a winning trade? As we start sharing our experiences we can start working on how we can improve...
Made money, lost money that's how the year started for me lol, but 1 can only loose so many times that you get closer to wining by learning on how you've lost.
  • #79
  • May 3, 2018 3:08am May 3, 2018 3:08am
Quoting Pipclimax
{quote} Made money, lost money that's how the year started for me lol, but 1 can only loose so many times that you get closer to wining by learning on how you've lost.
I agree.

I hope everyone is having a great spring so far. How has your trading been over the past few months?
Know your edge and trade within it
  • #80
  • May 3, 2018 3:14am May 3, 2018 3:14am
Trying times for long-term trend-following. The collapse of the long-term US stock indices uptrend has disrupted not just the Dow long strategy but also many long-term forex chart trends and currency macro-trends. So, the USD is weak but strengthening, other major currencies are dithering and probably looking to weaken.
0 traders viewing now