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Should I quit trading forex? 201 replies

How many pips or % to quit? 17 replies

Quit Job , go Back to School, Trade Forex? 33 replies

bad position - quit now or wait ? 14 replies

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I plan to quit forex!

Quoting BenDunk
{quote} Some discord I have at your point. There is nothing 100% in Forex trading , so sometimes we have to depend on luck but not at all times.
My apologies, that was a typo on my part. It was supposed to be "it is not a matter of luck".
That said, I do agree with your point. Sometimes we just get lucky when we trade, especially if we've made a mistake when analyzing the charts. However, that is not something any trader should or could rely on.
Quoting BenDunk
{quote} Some discord I have at your point. There is nothing 100% in Forex trading , so sometimes we have to depend on luck but not at all times.
NO -depend on luck and you will luck out !
every Saint has a past. Every Sinner has a Future
But sometimes we have to trade with no analysis when market moves at random .
that time there is no way to depend on luck.
Quoting BenDunk
But sometimes we have to trade with no analysis when market moves at random . that time there is no way to depend on luck.
The alternative is not to trade such a market though. Also, there are plenty of currency pairs to trade, if one is caught in a range one can always pick another.
Quoting BenDunk
But sometimes we have to trade with no analysis when market moves at random . that time there is no way to depend on luck.
Better to avoid trading during the times when the market goes unpredictable. I think those trading with no clue of what they are doing usually ends up loosing their money.
Quoting jollypk
{quote} Better to avoid trading during the times when the market goes unpredictable. I think those trading with no clue of what they are doing usually ends up loosing their money.
I agree. Unless one turns out to be extraordinarily lucky - and most people aren't and no one can rely on that - trading like that will only lead to loss.
What about people who are trading news?
Whether you think you can, or you think you can't,you're right. H.F.
Quoting Simply-Me
What about people who are trading news?
Yes, I do news trading! What do you want to know actually?
Quoting Simply-Me
What about people who are trading news?
I am not sure what you mean, what about news trading?
If you need lucky to trade forex, you can't be a trader. It need time, knowledge, and practicing every time. You should look at charts daily to learn, to understand price move, before you make a real trade, you should draw a line at where you would place trade, follow it, many times again until you feel comfortable when using real money to trade, if you still worry about that, only draw a line, again and again.
Quoting Wasuka
If you need lucky to trade forex, you can't be a trader. It need time, knowledge, and practicing every time. You should look at charts daily to learn, to understand price move, before you make a real trade, you should draw a line at where you would place trade, follow it, many times again until you feel comfortable when using real money to trade, if you still worry about that, only draw a line, again and again.
Trading can be easier if you know how to manage it. I have seen so many traders can’t profit regularly in spite of having good knowledge and experience, because there is no trading discipline . by means of real trading discipline there is a possibility to earn good result even though there is not analyzing trading knowledge.
I have seen many traders quitting Forex because they do not earn money. But they have never tried the right way of learning to earn money.
I feel like this often. I have read several books. I know the formulas for several indicators. It never seems more than a gamble. Every indicator. No indicator is 100% is an understatement. Many of them are under 50% accurate. I just want a system that works. I try to create my own. I know how to program and I paper trade heavily. Obviously, people are making money. I have taken the babypips course. Read john murphy technical analysis naked trading and a whole much of other books. It seems the business is selling methods. They give you perfect setups as examples in the book but you are unlikely to ever see those in real life. Sometimes the perfect conditions go in the opposite direction. What is the way? At times forex seems like a bunch of people selling how to trade and they likely aren't successful themselves.
NOTHING CAN BEAT THE LAW OF SUPPLY AND DEMAND.
Yeah it is a good idea if you think that it is not for me. Many people do not understand this and lose more money. Every business needs different psychology and mindset. Not all businesses are for all. It's completely ok to quit.
Quoting JonathanHob
Yeah it is a good idea if you think that it is not for me. Many people do not understand this and lose more money. Every business needs different psychology and mindset. Not all businesses are for all. It's completely ok to quit.
I really agree with you, Forex is one of the most channeling professions, and the success ratio is below the 10%. So, it’s not for all.
According to me, If you can be more disciplined from beginners level , of course within very short time the maximal result will come out and there is no way to quite Forex. Because, due to lacking of discipline by and large traders become loser form this trading place.
Quoting MitchellMcC
According to me, If you can be more disciplined from beginners level , of course within very short time the maximal result will come out and there is no way to quite Forex. Because, due to lacking of discipline by and large traders become loser form this trading place.
True, one should be organized and disciplined in order to trade well. The earlier a trader learns this, the better.
Quoting mlawson71
{quote} True, one should be organized and disciplined in order to trade well. The earlier a trader learns this, the better.
But we see generally , most of the traders who are particularly beginners always ignore trading discipline , they take this market place as a casino and become ultimately loser when try to earn profit rapidly.
Quoting MitchellMcC
{quote} But we see generally , most of the traders who are particularly beginners always ignore trading discipline , they take this market place as a casino and become ultimately loser when try to earn profit rapidly.
I think they just don't know how to be disciplined yet. That is a learned skill in most people, it's not something inborn.
Gosh, where should I start?
Don't give uo!
Everyone burnt the account with real money.
Now I am wiser.
I am smarter.
I know when to trade and when to wait.,
It's as simple as that.
I don't want to quit.
Losers give up.
Those who make it never do. They stay.
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