It's impossible to lose money in Forex!!! | Page 3 | Forex Factory

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It's impossible to lose money in Forex!!!

  • #41
  • Apr 17, 2008 4:33pm Apr 17, 2008 4:33pm
Trust me we all have been where you are. Made our first demo money went live lost got scared. Started demoing again.
It's like puberty. You have to make mistakes get a smack in the face and grow up.
  • #42
  • Apr 17, 2008 4:41pm Apr 17, 2008 4:41pm
The only point of a demo is getting used to the platform. You cant learn anything from a demo besides understanding the platform. You can learn more in one hour of trading your own hard earned money then you can in one year on a demo account.
  • #43
  • Apr 17, 2008 5:15pm Apr 17, 2008 5:15pm
Have you already picked out your new Ferrari?

  • #44
  • Apr 17, 2008 8:12pm Apr 17, 2008 8:12pm
Quoting HenryM
I see what you are getting at, but in this ocean - the forex market, there is only one prey and it is called pips.
Duh... How silly of me... Thank you.
  • #45
  • Apr 17, 2008 9:26pm Apr 17, 2008 9:26pm
Henry

Despite all the sound points you've made, let me assure you... It IS possible to lose money in Forex.
  • #46
  • Apr 17, 2008 9:54pm Apr 17, 2008 9:54pm
Quoting billflet
Henry

Despite all the sound points you've made, let me assure you... It IS possible to lose money in Forex.
DO tell!
Is your SL my TP?
  • #47
  • Apr 17, 2008 10:47pm Apr 17, 2008 10:47pm
Jeeze guys, don't feed the trolls...
  • #48
  • Apr 17, 2008 11:32pm Apr 17, 2008 11:32pm
Quoting Rabid
Jeeze guys, don't feed the trolls...
You're right. We fell for it.
  • #49
  • Apr 18, 2008 12:26am Apr 18, 2008 12:26am
At least he's a friendly troll!
  • #50
  • Apr 18, 2008 7:53am Apr 18, 2008 7:53am
Quoting billflet

It IS possible to lose money in Forex.
Yes, it is, and he WILL!
  • #51
  • Apr 18, 2008 8:42am Apr 18, 2008 8:42am
Quoting traderjai_inhi
Yes, it is, and he WILL!
Thats why I would like the other side of his trade!
  • #52
  • Apr 18, 2008 11:20am Apr 18, 2008 11:20am
My friggin internet connection was down for the better part of 24 hours and I got wiped out.

I am so p!ssed off. Even trying to post this message took the better part of three hours.

So it's back to the drawingboard. At least I have learnt that a reliable ISP is a prerequisite to investing on the Forex Market.

Cheers

Henry
  • #53
  • Apr 18, 2008 11:24am Apr 18, 2008 11:24am
Two connections are better than one. Also have your brokers phone# handy.
  • #54
  • Apr 18, 2008 1:07pm Apr 18, 2008 1:07pm
Quote
So it's back to the drawingboard. At least I have learnt that a reliable ISP is a prerequisite to investing on the Forex Market.

Or not.

I prefer to position trade, all of my non-demo trades follow the trend and are good for weeks or months at a time. Don't let intra-day scalping skew your perspective.

Started 2 new trades last night... didn't bother to check them until now, and only to tighten their stops... most (non-fri) days I don't even bother with them until after dinner.

There are systems that work for practically everyone, even for people that have shoddy internet connections.
  • #55
  • May 24, 2019 7:54am May 24, 2019 7:54am
Quoting KissFan
{quote} Hello Henry. I know that it seems easy now on demo. You started with a large pile of fake money and you are making it grow by throwing MM to the wind and having patience to wait until the trade goes your way. The retail market for forex is growing by leaps and bounds with new traders like me and you. Before you go live, trade demo with the same dollars you would really start with. Learn PA and use good money management. Heed these words man, or you are gonna get your pocket picked mercilessly. Just my humble advice.
You couldn't have said it better. I remember when I started trading forex 7years ago, I was feeling like bat man because of the quick success I had on demo account. I developed an excel calculator to calculate how much I will make in a year's time if I'm making 200% monthly risking 10% per trade ... Lmao.... They say experience is the best teacher, forward back to 2019, I'm risking only 2% per trade and targeting 4% per month. FOREX WILL ALWAYS HUMBLE YOU
  • #56
  • Aug 7, 2019 1:47pm Aug 7, 2019 1:47pm
i thought the topic was wrong ,
according to me,
it would be great if it was :
its possible to earn profit in Forex"
  • #57
  • Aug 8, 2019 2:30am Aug 8, 2019 2:30am
I think more likely it would be impossible to lose if you had a friend that is a market maker.
  • #58
  • Aug 8, 2019 4:28am Aug 8, 2019 4:28am
Trading was so not easy for me in the beginning, i was a rash and reckless, much stable now though. but i would say that it is definitely possible to loose money (from personal experience).
  • #59
  • Oct 8, 2019 2:59am Oct 8, 2019 2:59am
when i was a newcomer i took this stock market as a casino , i thought only $5000 can make me millionaire . i tried it mostly but got nothing , due to emotions and over trading i lost whole of the balance.
  • #60
  • Oct 10, 2019 3:27pm Oct 10, 2019 3:27pm
Quoting HenryM
The only way to lose money in forex is by trying to predict a trend. This is not 100% certain. Common sense on the other hand can ensure that you never lose! Who agrees and who disagrees? Cheers Henry
The same thing can be said about stock market exchange. Common sense gets you a long way. Warren Buffet's style is utterly unspectacular but proved immaculate in the long run. The guy never looks at a chart, he's only about long term perspective and the real added value of what, when and how the companies output their products. Funny thing is that he almost only invests in manufacturing companies.
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