I plan to quit forex! | Page 67 | Forex Factory

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  • #1,321
  • Jan 23, 2019 5:00am Jan 23, 2019 5:00am
Quoting antonblood63
I have the same think to quit forex after a huge loss..
I am sorry that happened to you. If it's any consolation, I think most traders have gone through similar experiences.
  • #1,322
  • Feb 6, 2019 4:39am Feb 6, 2019 4:39am
losing money from Forex trading and quit from here is a regular task , but why we quit even though we know this is a lucrative business platform and there is a chance to earn money very rapidly , the main problem we are not willing to learn and practice regular , you have to maintain regular learning and practicing in spite of passing a long time in here.
  • #1,323
  • Feb 21, 2019 2:00am Feb 21, 2019 2:00am
It is possible to succeed in Forex, unless you've really lost hope and accepted failure as your portion. However, quitting Forex for some time and coming back later after mastering the strategy to use for winning is really good for you. A time to relax and watch the market from afar as you pull yourself together. It's a good decision you've made anyway
  • #1,324
  • Feb 21, 2019 7:02am Feb 21, 2019 7:02am
Quoting Infassen
It is possible to succeed in Forex, unless you've really lost hope and accepted failure as your portion. However, quitting Forex for some time and coming back later after mastering the strategy to use for winning is really good for you. A time to relax and watch the market from afar as you pull yourself together. It's a good decision you've made anyway
As I see, many traders also followed this strategy I mean, they left the market with a decent break & comeback strongly.
  • #1,325
  • Feb 21, 2019 7:52am Feb 21, 2019 7:52am
But one cannot really master a strategy without trading? Or are you referring to live trading only?
  • #1,326
  • Feb 21, 2019 6:28pm Feb 21, 2019 6:28pm
Quit forex is one option. Continue forex is another option. Alternative option is keep track on the pair, try to get your feeling and understanding on how the market moving. Do not trade, just watching till you have better undetstanding on the pair.
  • #1,327
  • Feb 22, 2019 1:35am Feb 22, 2019 1:35am
I suppose crypto trading is quite a useful way to master your skills. You just should not cross the limits, though
  • #1,328
  • Feb 22, 2019 1:36am Feb 22, 2019 1:36am
its a nice reply Mate , i think you tried to explain just observation the market movements without trading practically. but on the other hand practical experience most important if there is occurs any losses, we have to move on real trading regularly even though this approach contains huge risk but effective of course.
  • #1,329
  • Feb 22, 2019 5:10pm Feb 22, 2019 5:10pm
If you really need to get the feeling of the market and willing to pay. So through away your greediness to become reach instantly. Enter the live trading with minimum amount of money. Start with 5 to 10 usd per day if you make lost. So limit your loss to 50 buck per week. Consider as your school fee. And at the sane time Try to maximize your profit by 100 to 300 percent per day.
  • #1,330
  • Feb 23, 2019 11:14am Feb 23, 2019 11:14am
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
Please don’t mind; I think your trading process was wrong since, you are talking about luck. In Forex it’s all about your trading skill; so, better try to build a good trading skill first then see your destiny.
  • #1,331
  • Feb 24, 2019 7:53am Feb 24, 2019 7:53am
I was just going to say that too. Trading should not be governed by luck, then it turns into gambling, which leads to losses.
  • #1,332
  • Feb 24, 2019 9:35am Feb 24, 2019 9:35am
Oh no! I must say this is quite a shame. Anyway, I have no right to judge you, so all I can do is to support you on whatever decision you intend to take. Trading is not for everyone after all, so don't feel disappointed in yourself if you find out that you are not cut for this.
  • #1,333
  • Feb 25, 2019 12:48am Feb 25, 2019 12:48am
Quoting mlawson71
I was just going to say that too. Trading should not be governed by luck, then it turns into gambling, which leads to losses.
Thanks mate; yes it is! Even I see, few traders mixed up Forex to gambling; it’s totally a wrong approach.
  • #1,334
  • Feb 25, 2019 8:48am Feb 25, 2019 8:48am
Quoting Adelhard
{quote} Thanks mate; yes it is! Even I see, few traders mixed up Forex to gambling; it’s totally a wrong approach.
That approach leads to losses, disappointment and people get the idea that forex is gambling to begin with, which can be quite harmful to them when they try to trade.
  • #1,335
  • Feb 25, 2019 10:56am Feb 25, 2019 10:56am
Every day is a school day when it comes to trading
  • #1,336
  • Feb 25, 2019 10:33pm Feb 25, 2019 10:33pm
Quoting mlawson71
{quote} That approach leads to losses, disappointment and people get the idea that forex is gambling to begin with, which can be quite harmful to them when they try to trade.
Exactly, that’s why, traders need to understand first on what Forex actually is & how it works.
  • #1,337
  • Feb 26, 2019 1:32am Feb 26, 2019 1:32am
Forex always follow its own trend ,
and there is nothing 100% in here , any trading strategy ,
analysis and approach not works for all time ,
its about temporary session.
  • #1,338
  • Feb 28, 2019 11:12pm Feb 28, 2019 11:12pm
if you practice regularly in here , then you can bring good result from trading. but i have seen according to my trading experience , we are not willing to practice when kick off a live account, but practice needed until the end of trading life.
  • #1,339
  • Mar 1, 2019 8:06am Mar 1, 2019 8:06am
Better to have a proper trading plan ensuring how many pips are needed to be targeted for the entire week or month and then start hunting it.
  • #1,340
  • Mar 1, 2019 9:05am Mar 1, 2019 9:05am
Trading is like playing a musical instrument. Practice and you can never achieve perfection, but every time it turns out better than the last.
Return to work and improve your knowledge of Forex. Without practice there will be profit. Take that
''If you trading cant be AUTOMATED it does not follow LOGIC''
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