I plan to quit forex! | Page 71 | Forex Factory

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  • #1,401
  • Jul 29, 2019 2:30am Jul 29, 2019 2:30am
Quoting GeorgeBaile
{quote} That would be really great! I am really excited to see your trading chart!
journal is now live.

https://www.forexfactory.com/showthr...9#post12408229
Monkey See, Monkey Do
  • #1,402
  • Jul 29, 2019 6:43am Jul 29, 2019 6:43am
Quoting TradeTarsier
{quote} journal is now live. https://www.forexfactory.com/showthr...9#post12408229
Thanks buddy I see & already subscribed! Waiting for the real souse!!
  • #1,403
  • Aug 1, 2019 11:41pm Aug 1, 2019 11:41pm
i think Fx is not just an addiction , its also a passion , we lose from here again and again , at last come back after that not quit completely at all.
  • #1,404
  • Aug 2, 2019 12:36am Aug 2, 2019 12:36am
Quoting HajiMohsin
i think Fx is not just an addiction , its also a passion , we lose from here again and again , at last come back after that not quit completely at all.
Passion helps you go through tough times no doubt, but what's the goal? In the end is making money from the Market.
Consistent gains vs Short term gains?

Keep clear on your goals, and make steps to get there.
  • #1,405
  • Aug 2, 2019 10:31am Aug 2, 2019 10:31am
Quoting HajiMohsin
i think Fx is not just an addiction , its also a passion , we lose from here again and again , at last come back after that not quit completely at all.
I agree, but I also think that when one actually trades they have to be stone cold and curb all passion. It's a paradox, but it's necessary.
  • #1,406
  • Aug 2, 2019 2:58pm Aug 2, 2019 2:58pm
Quoting HajiMohsin
i think Fx is not just an addiction , its also a passion , we lose from here again and again , at last come back after that not quit completely at all.
I'm sorry but passion is just another term for emotional attachment. To become emotionally attached in the financial sector is a recipe for disaster.
Work work.
  • #1,407
  • Aug 2, 2019 7:20pm Aug 2, 2019 7:20pm
Quoting TradeMinim
{quote} Trading small time frames is difficult because of EFFICIENCY. Can you make sure you follow EVERY SINGLE trade signals generated by your trading system? Unless you are into HFT or Algos to trade small time frames if not it's a NO GO because it will be too random in the end!
I agree. What timeframe do you like to trade?
  • #1,408
  • Aug 3, 2019 1:18am Aug 3, 2019 1:18am
I think education is a big factor in success. if you don't get proper education you will eventually get tired of constant losses and leave for sure.
  • #1,409
  • Aug 3, 2019 6:56am Aug 3, 2019 6:56am
Quoting TradeTarsier
{quote} around 10 years on and off. this is probably the first take that i'll do it full time. no other stuff. no distractions. FX to me was something I did with a backup. let's see how going full time goes.
So you are profitable now? how many years did it take to read charts well?
  • #1,410
  • Aug 3, 2019 8:17am Aug 3, 2019 8:17am
Quoting patterncode
{quote} So you are profitable now? how many years did it take to read charts well?

Take a look at his profile: https://www.forexfactory.com/tradetarsier#acct.51

Not a very promising start. I hope this was a high risk account with small deposit.
  • #1,411
  • Aug 3, 2019 8:53am Aug 3, 2019 8:53am
Quoting 6200trading
{quote} I agree. What timeframe do you like to trade?
I trade using H4 time frame, cause it suits my lifestyle and not having to see the charts and make decisions every now and then.
  • #1,412
  • Aug 3, 2019 9:34am Aug 3, 2019 9:34am
Quoting TradeMinim
{quote} I trade using H4 time frame, cause it suits my lifestyle and not having to see the charts and make decisions every now and then.
I with you. I trade daily charts. I have had some success on smaller timeframes but I just don't like how I feel.
  • #1,413
  • Aug 3, 2019 8:57pm Aug 3, 2019 8:57pm
...71 pages. The man hit a nerve.
  • #1,414
  • Aug 3, 2019 11:45pm Aug 3, 2019 11:45pm
Quoting BetterThanU
I think education is a big factor in success. if you don't get proper education you will eventually get tired of constant losses and leave for sure.
education is more important in Fx trading but despite of having much education trading can be useless if there is no regular practice of trading , so it is more appropriate to emphasis on practice session.
  • #1,415
  • Aug 4, 2019 12:58am Aug 4, 2019 12:58am
Quoting MarkFxAnde
{quote} education is more important in Fx trading but despite of having much education trading can be useless if there is no regular practice of trading , so it is more appropriate to emphasis on practice session.

I somewhat disagree about education. Education is theory and it means nothing without talent and practice. Trading FX is like playing basketball (or any other sport). Anyone can learn the rules but if you dont practice and have no talent for it, you will never be good enough to make it as a pro. I think reading books and taking FX courses is a waste of time and money which can be better used.
  • #1,416
  • Aug 4, 2019 2:22am Aug 4, 2019 2:22am
Quoting MarkFxAnde
{quote} education is more important in Fx trading but despite of having much education trading can be useless if there is no regular practice of trading , so it is more appropriate to emphasis on practice session.
I think practice is important, but its better to keep practicing on the things that actually are related to the way market functions (like s/p for example) instead of what most people do which is focusing on finding a magical indicator that can shows them the way.
  • #1,417
  • Aug 20, 2019 10:06pm Aug 20, 2019 10:06pm
you got my exact point , thanks , traders generally looking for always a magical strategy which brings profit constantly but in practical consistently from from a trading indicator or strategy is not possible , every moment market is changing and traders should develop their trading attitude , otherwise no way to survive in here with successfully.
  • #1,418
  • Aug 22, 2019 3:15am Aug 22, 2019 3:15am
Definitely not for everyone, you'll probably end up saving yourself a lot of time and money in the future tbh
  • #1,419
  • Aug 23, 2019 6:46am Aug 23, 2019 6:46am
Quoting Redwood99
Definitely not for everyone, you'll probably end up saving yourself a lot of time and money in the future tbh
If traders start their live trading after ensuring their good trading skill then the scenario will be different! Without learning; forcing for big profit is an illusion!
  • #1,420
  • Aug 23, 2019 6:52am Aug 23, 2019 6:52am
Quoting GeorgeBaile
{quote} If traders start their live trading after ensuring their good trading skill then the scenario will be different! Without learning; forcing for big profit is an illusion!
True, though imo, you basically need to ensure that you have a 6 month solid demo record, before doing anything live, that and a solid contingency protocol, in worst case scenarios. I.e. alerts, monitoring EAs/indicators and so on and so forth
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