If you could go back - one Forex thing you'd tell youself? | Page 4 | Forex Factory

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If you could go back - one Forex thing you'd tell youself?

  • #61
  • Aug 28, 2018 3:35pm Aug 28, 2018 3:35pm
Quoting mohsinali
Trade what you see not what you want. .....
i like this one.
Profit growth tells you the trader ability.
  • #62
  • Aug 29, 2018 8:03am Aug 29, 2018 8:03am
Quoting gravitist
I'd tell myself to not trade forex, it's a losing game.
What do you prefer to trade then?
  • #63
  • Sep 4, 2018 6:03am Sep 4, 2018 6:03am
Quoting gravitist
I'd tell myself to not trade forex, it's a losing game.
Hi Bilbo gravitist

I thought you're suicidal... been missing so much.

You said it twice...blabla forex is losing game...
Are u trying to persuade someone, because from my point, which is among 10-20% winners, forex is good business.????


And your idea how Bitcoin will never surpass $300 ;)
LOL. It is never ending amusement here
Don't you wish you bought some???

Just a thought....

Now i have personally 2 regrets.

First, when i discovered 2 winning strategies back in 2013 i didn't have the will to restrain my trade. Just strict rules - bunch of money

Second is - when i discovered bitcoin at $40 during Greek crisis.... i didn't buy.
Idiot ehh???

But never too late!!! Check my thread on crypto ...

GL friends!!!
Beware of robber banks (RB), bad advisors.
  • #64
  • Mar 19, 2022 10:02am Mar 19, 2022 10:02am
Quoting plymgary
For all of us who have been trading Forex for a couple of years we'll have learnt lots along the way. However, of all the things you have learnt what one thing would you have wished you'd known at the beginning? Mine is: Follow the long term trend on both the traded TF, but also all the higher ones (for confirmation). What would you tell yourself?
Buy indices like FXB or FXA or GLD or SPY. If you win. You hold. If you lose you hold. No margin no leverage. Just buy and pray.
You're going to pay a price for every bloody thing you do and don't do
  • #65
  • Last Post: Mar 24, 2022 7:54am Mar 24, 2022 7:54am
I'd tell myself a lot of things actually

*daily/weekly Pivots are Horseshit, they will slowly bleed your account dry and are unreliable to use as S/R to take trades off of ... the moment I started ignoring them and using proper support and resistance based on candles my results improved.

*divergence is dubious as well. why is that if i throw up a tdi/stochastic and macD on the same chart and look at a recent high one tells me there is divergence, the other tells me there isn't divergence, and the next shows me the swings of price and indicator are exactly the same. all divergence measures, is the acceleration/deceleration of price over a set defined period of calculation. it does not foresee a reversal at a s/r point even if you do have fancy candlestick patterns at that point.

*don't do counter trade unless you can consistently make money trend trading. Counter trend trading is more likely to fail and less likely to have profits run

*multi time frame analysis is superior to just looking at one timeframe. IE: if you are entering trades on the m5, you should be at least be looking at the m15, and probably the h1 too. get in on a h1 trend on the m5 = bigger profits and lower risk

* gauging trend strength and how to gauge trend strength is IMPORTANT and very underrated, and something I have never seen mentioned on forexfactory at all.

*YOUTube is actually better for learning price action insight THAT WORKS than forex factory. people tend to explain things in much more detail and more thoroughly in a video than they do when posting up a jpeg on a forum. and yes youtube does have a lot of people who don't know what they're talking about, but then again so does forexfactory...

*someone having a red dot next to their name on forexfactory does not automatically mean they are a good trader. it simply means they are popular and have a lot of followers. naming no names but i can think of a few people with red or yellow dots who are not profitable....,
likewise there are a few people who no dots next to their name, but when you read between the lines and examine their trading results you can tell they are making a lot of money.........,
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