I plan to quit forex! | Page 58 | Forex Factory

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  • #1,141
  • Jun 14, 2018 5:30am Jun 14, 2018 5:30am
Quoting NathanAstel
yes , it totally depends on trading ability , but there is no real chance to acquire more something within very short time. its a long term process , mind it.
I have seen most of us always say, if you willing to earn from here lots of money , you have to pass a long time with great patience , yes patience is important, but more important is trading discipline that can make you profitable within minimum time.
  • #1,142
  • Jun 15, 2018 3:03am Jun 15, 2018 3:03am
Quoting NathanAstel
yes , it totally depends on trading ability , but there is no real chance to acquire more something within very short time. its a long term process , mind it.
It is indeed a long term process! For majority people a sound trading ability comes with time since there are multiple underlying factors that that drive the forex market.Some newbies think they can grasp the technicalities of forex in just 4-5 days. But if they think like this they're wrong and there's still a lot that they need to learn about trading. Learning is an every day process. Even the experts learn something new each day.
  • #1,143
  • Jun 15, 2018 7:00am Jun 15, 2018 7:00am
You both got that right. Discipline in learning is like attending school which he invested a heavy amount in order to gain the knowledge (the whole objective). That way one cannot quit otherwise becoming one of 90% loser officially, or becomes 91%.
  • #1,144
  • Jun 25, 2018 7:02am Jun 25, 2018 7:02am
yes, completely agree.
  • #1,145
  • Jun 25, 2018 11:32am Jun 25, 2018 11:32am
Sometimes one has to know when to cut their losses. I don't think there's shame in that.
  • #1,146
  • Jun 26, 2018 6:33am Jun 26, 2018 6:33am
Quoting mlawson71
Sometimes one has to know when to cut their losses. I don't think there's shame in that.
Don’t got your point exactly , can you please elaborate ?
  • #1,147
  • Jun 26, 2018 9:44am Jun 26, 2018 9:44am
Quoting AdamCrist
{quote} Don’t got your point exactly , can you please elaborate ?
Some people realize trading is not for them - they can't afford to put in the time and the effort necessary to learn, or it doesn't fit their personality, or there are other outside circumstances that prevent them from doing so, etc. I don't think there's any shame in admitting to oneself that you can't do it and it's better to stop trading and move onto something else before you've lost a significant amount of money.
  • #1,148
  • Jul 1, 2018 8:56pm Jul 1, 2018 8:56pm
It is true that trading is not for everyone. When we really work with Forex, we can understand how we can manage it or not.
  • #1,149
  • Jul 5, 2018 5:25am Jul 5, 2018 5:25am
Quoting Butterscotch
It is true that trading is not for everyone. When we really work with Forex, we can understand how we can manage it or not.
Trading can be for everyone but not for greedy people who always try to make money without learning.
  • #1,150
  • Jul 5, 2018 10:24am Jul 5, 2018 10:24am
Quoting AdamCrist
{quote} Trading can be for everyone but not for greedy people who always try to make money without learning.
Those people aren't just greedy, they're foolish too. It's a very unfortunate combination.
  • #1,151
  • Jul 5, 2018 2:40pm Jul 5, 2018 2:40pm
Being profitable at Forex is the same as becoming a doctor, you have to invest massive amount of time and commitment. And if your not careful and patient at the start money as well...lol Trading is not the right choice for 99% of the population. You have to learn as much as you can, look at charts for hours every day and see how things effect the price. Then develop a working system that fits your particular personality. Just because someone is profitable and tells you what to do you will lose because who you are is very important and your brains don't analyze information the same way. You are playing against best computers, people who see your positions, they know the market mechanics and a have IQ 150+...in the end its a system designed to take your money, if you think this is free market where you have 50/50 chance of winning I suggest you keep your money in the bank because they will take it from you as they do from 99% of people who do this.
  • #1,152
  • Jul 6, 2018 5:08am Jul 6, 2018 5:08am
Thank you for your nice post with great detail , sounds good. great.
  • #1,153
  • Jul 6, 2018 6:15am Jul 6, 2018 6:15am
being profitable in Forex trading is a big deal because almost 90% are loser from this trading place due to lack of exact trading knowledge. but if you can ensure some inevitable part of tradings with great discipline , of course there is a chance.
  • #1,154
  • Jul 16, 2018 12:08am Jul 16, 2018 12:08am
You need more patience to get profit on forex. Trust me, after 3 or 4 month you will starting make a profit.
  • #1,155
  • Jul 16, 2018 5:53am Jul 16, 2018 5:53am
While it is true that forex demands patience and persistence( aside form the obvious- hard work, determination and discipline) it is not meant for everyone. If somebody finds himself/herself making losses even after a lot of time despite putting in his/her best then I'd say it's not your cup of tea. And that is okay too. It's better to go and find something you're good at than stay here and keep blowing your account and stressing out.
  • #1,156
  • Jul 16, 2018 9:15am Jul 16, 2018 9:15am
Quoting Drew-pips1
While it is true that forex demands patience and persistence( aside form the obvious- hard work, determination and discipline) it is not meant for everyone. If somebody finds himself/herself making losses even after a lot of time despite putting in his/her best then I'd say it's not your cup of tea. And that is okay too. It's better to go and find something you're good at than stay here and keep blowing your account and stressing out.
I couldn't agree more. Know when to cut your losses. If you feel forex is not for you, quit. There's no shame in leaving.
  • #1,157
  • Jul 16, 2018 7:54pm Jul 16, 2018 7:54pm
I quit before then moved on to stocks but I got bored. Rhen i’m back at forex now being more careful. Haven’t lost money yet since I ever started forex. The reason I quit is because I’ve been doing too much fx and had degraded my life balance. I still credit to forex all
my trading experienxe. It opened opportunities for me
  • #1,158
  • Jul 16, 2018 8:33pm Jul 16, 2018 8:33pm
Quoting TiongeEdi
Trust me, after 3 or 4 month you will starting make a profit.
blatant lie.
3 to 4 months ?
dream on, more like 5-7 years stop deceiving the newbies!
...
  • #1,159
  • Jul 17, 2018 1:50am Jul 17, 2018 1:50am
Quoting Piquant
{quote} blatant lie. 3 to 4 months ? dream on, more like 5-7 years stop deceiving the newbies!
Absolutely! I think it takes 3-4 months (and then some!) just to wrap your head around the basics of forex. Success in forex comes after a very long time. And consistent profits? Years perhaps!
  • #1,160
  • Jul 17, 2018 5:45am Jul 17, 2018 5:45am
Quoting unlitrade
I quit before then moved on to stocks but I got bored. Rhen i’m back at forex now being more careful. Haven’t lost money yet since I ever started forex. The reason I quit is because I’ve been doing too much fx and had degraded my life balance. I still credit to forex all my trading experienxe. It opened opportunities for me

may be you are lucky , i have passed a long time in here , but still not able to make enough money.
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