I plan to quit forex! | Page 61 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Should I quit trading forex? 219 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

Attachments: I plan to quit forex!
Exit Attachments

I plan to quit forex!

  • #1,201
  • Aug 3, 2018 11:43am Aug 3, 2018 11:43am
Quoting magne999
I really dont think that very serius...It's not like blow 3 accounts and you are a sucsessful Forex trader....Point is you must bleed before winning the fight
All I'm saying is trading forex has a learning curve. If you are a risk taker, the likely hood of blowing an account is higher than if you are more cautious. I'm generalizing.
Taigen Profit This Month: na
  • #1,202
  • Aug 3, 2018 11:45am Aug 3, 2018 11:45am
Quoting mlawson71
{quote} Why at least three?
I'm stating a generalization. With me, it was more than three. Others... maybe less, who knows. If you are a risk taker, it's likely that you will blow an account more than if you're not. Not trying to be controversial.
Taigen Profit This Month: na
  • #1,203
  • Aug 3, 2018 1:35pm Aug 3, 2018 1:35pm
Many hick-ups in past. I am in my 10 th year, and still have not quit. I absolutely believe, but coming there, slowly but surely. My working hours also make it difficult, because i want to make trades to learn faster. My working hours mostly 5 GMT to 16-00 GMT. Definite best times to day trade. Once you quit, you are a looser. Just keep trying, and one day it will be worth all the "trouble".

Thanks
  • #1,204
  • Aug 4, 2018 12:15am Aug 4, 2018 12:15am
Quoting Pip Wolf
Many hick-ups in past. I am in my 10 th year, and still have not quit. I absolutely believe, but coming there, slowly but surely. My working hours also make it difficult, because i want to make trades to learn faster. My working hours mostly 5 GMT to 16-00 GMT. Definite best times to day trade. Once you quit, you are a looser. Just keep trying, and one day it will be worth all the "trouble". Thanks
Very good advice. And I agree with you that if one quit, one looser. However, in other cases, if someone quit because there's chaos in financial life or family life, then it's not looser, but wise to quit.
  • #1,205
  • Aug 4, 2018 5:11am Aug 4, 2018 5:11am
Quoting Taigen
{quote} Got up in the middle of the night and closed my positions--stupid on my part because it was a reversal and I trade completely differently. I should have kept my positions and put a tight stop on it so I would either have a win or a quick small loss. I can't believe I did that but I guess I can blame it on a lack of sleep. Anyway I"m getting ready to position in where I took profit which is nice: it is between 146.20 to 146.30. Hope to load up in that area for a long. {image}
Thanks for reply, hope for best! It really very helpful thread for the new traders.
  • #1,206
  • Aug 4, 2018 8:46am Aug 4, 2018 8:46am
Quoting Taigen
{quote} I'm stating a generalization. With me, it was more than three. Others... maybe less, who knows. If you are a risk taker, it's likely that you will blow an account more than if you're not. Not trying to be controversial.
I wasn't accusing you of anything, I was just curious. Thank you for clarifying.
  • #1,207
  • Aug 5, 2018 5:33am Aug 5, 2018 5:33am
Quoting fxstaton
I have no luck in forex. Initial period I get profit, and few months all profits and capital are gone. I think I am not suitable in forex and will quit all and back to work
Thing is people always get it wrong , forex is not just about technical analysis, that is not the hardest part of all.Not saying it is easy ! You can find your edge / system that works at least but psychology / discipline is the most toughest of all = sustaining. I agree with magne999, you need to bleed before you win the fight. Blown accounts and years spent , coming back stronger than ever.

Back to yourself, are you really passionate about this or not ? If you are in this business just to set your foot and hoping for immediate success, definitely wrong business you've gotten into.It is a marathon, not a sprint. Pretty much textbook, yeah i know

Just my 2 cents, cheers!
  • #1,208
  • Aug 12, 2018 4:05am Aug 12, 2018 4:05am
Hi. My question is: have you educated yourself in forex trading? Here is a free online platform to do that: BabyPips
Risk Management is of utmost importance!
  • #1,209
  • Sep 3, 2018 3:21am Sep 3, 2018 3:21am
Pips is the great source to be educated in Forex trading but only for the traders who are particularly newcomers, preschool level + demo account = good result of course.
  • #1,210
  • Sep 12, 2018 4:32am Sep 12, 2018 4:32am
Quoting RCtrader
Hi. My question is: have you educated yourself in forex trading? Here is a free online platform to do that: BabyPips
School of pipsology on babypips is one of the best forex learning resources for the rookie traders.
  • #1,211
  • Sep 13, 2018 12:03pm Sep 13, 2018 12:03pm
From experience, your objective of trading matters. Many only think of the instant riches they could achieve overnight thereby taking tremendous risks that constantly blow their accounts. Forex trading is like any other financial investment that needs long-term expectations. Like in equities/stocks. You don't invest today and expect dividends tomorrow! Having gotten the mind right, then think of risk and money management. Your next objective is to avoid blowing your account. Then is to find ways to grow it. Forex is all about probabilities. It is a step curve but very possible in achieving what the 20% of successful traders get!
  • #1,212
  • Sep 14, 2018 1:30am Sep 14, 2018 1:30am
Quoting Pip Wolf
Many hick-ups in past. I am in my 10 th year, and still have not quit. I absolutely believe, but coming there, slowly but surely. My working hours also make it difficult, because i want to make trades to learn faster. My working hours mostly 5 GMT to 16-00 GMT. Definite best times to day trade. Once you quit, you are a looser. Just keep trying, and one day it will be worth all the "trouble". Thanks
Your persistence is definitely laudable but sometimes people quit due to genuine reasons like may be they are unable to earn profits and cannot understand even the basics of forex trading. In that case I think it is a good decision to quit and try doing something else. A loser would be someone who is no longer willing to put efforts into anything that he does and has given up all hope.
  • #1,213
  • Sep 17, 2018 3:50am Sep 17, 2018 3:50am
this is a market place from here so many traders quit many times but again come back , actually Forex is an addiction.
  • #1,214
  • Sep 17, 2018 8:14am Sep 17, 2018 8:14am
Unfortunately, that is true for a lot of people. If you feel that trading is not working out for you, make a clean break, don't try over and over thinking next time it won't work out. If your trading hasn't changed at all chances are your results won't change either.
  • #1,215
  • Sep 18, 2018 6:57am Sep 18, 2018 6:57am
Find your one thing and respect it.
  • #1,216
  • Sep 19, 2018 3:52am Sep 19, 2018 3:52am
Quoting AlexImam
this is a market place from here so many traders quit many times but again come back , actually Forex is an addiction.
Exactly , completely quit from Forex trading is not possible at all , only beginners level can do it.
  • #1,217
  • Sep 24, 2018 9:23am Sep 24, 2018 9:23am
Quoting AdamCrist
{quote} Exactly , completely quit from Forex trading is not possible at all , only beginners level can do it.
It’s true; actually which traders start trading with a unrealistic target & face huge lose because of their wrong plan, only they can do it.
  • #1,218
  • Oct 6, 2018 11:54pm Oct 6, 2018 11:54pm
You're a pussy! Focus on your losses and you will have more losses. Focus on the opportunities and you will see more opportunities. You can't let winning trades or losing trades get to you. It's a weakness to get caught up in either one. If there ever existed no possibility of failure, then trading success would be meaningless. Anyone can call himself a trader; however, a good trader shows what he is really worth when he is tested by the markets. Get over your loss, come out of hiding, get back up, dust yourself off & get back on that horse! Everyone gets their ass handed to them by the markets at some point. Only the best get back up.
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #1,219
  • Oct 8, 2018 12:16pm Oct 8, 2018 12:16pm
there is no way to avoid losses in Forex trading , generally due to lack of knowledge and for some common mistakes we do loss when trading , but if anyone again become loser by same mistake , i think its his choice . no reason is responsible for this.
  • #1,220
  • Oct 8, 2018 12:41pm Oct 8, 2018 12:41pm
I lost $7,500 trading in one month and still did not give up. Trading needs to be like a job you show up at a certain time and do the same thing day in and day out. The reason 95% of traders lose is because they see all of these scams trading 24/7 and think they can do that to and actually make money. May i suggest is that you take a few weeks off, then you come back and make a strict trading plan of follow it and you will see your win percentage go up.
0 traders viewing now