Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Should I quit trading forex? 201 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!

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
Why six months exactly, why not more or less?
actually what time exactly needed for demo trading , its difficult to answer. but 6 months is quite good , if anyone trade demo for 6 months including some knowledge , of course there is a possibility to do better when trading in live.
Hello friends. I am on vacation for the next month or so. I will be checking in on occasion but I think there are enough people in the thread to keep it moving forward. I hope so...at least until I am back daily.
Quoting 6200trading
Hello friends. I am on vacation for the next month or so. I will be checking in on occasion but I think there are enough people in the thread to keep it moving forward. I hope so...at least until I am back daily.
Hello; why you are so interested on this thread? Are you desperate!??
Quoting MarkFxAnde
actually what time exactly needed for demo trading , its difficult to answer. but 6 months is quite good , if anyone trade demo for 6 months including some knowledge , of course there is a possibility to do better when trading in live.
according to me, minimum 1 year experience is dam smart and this knowledge works really when trading in a live.
Quoting HajiMohsin
{quote} according to me, minimum 1 year experience is dam smart and this knowledge works really when trading in a live.
It depends; I see many traders are till now struggling while they have more than 2 years trading experience! It’s not a big deal!
quit from trading is very common issue in this stock , and come back again after quit. actually its all about motivation. when making a big losses , there is no interest about trading , but when realize the mistake then we kick off trading again. its a common reality.
Quoting HajiMohsin
quit from trading is very common issue in this stock , and come back again after quit. actually its all about motivation. when making a big losses , there is no interest about trading , but when realize the mistake then we kick off trading again. its a common reality.
But; we can avoid big losses by using money management and risk management polices!
im having the same thoughts but talking on fourms like this encourage me to get in touch with more expirence people. a question for all is that is it true that Forex is the hardest trading option compare to futures index and stocks? should i practise more in other places before start trading forex?
I've never traded stocks, so I cannot give you a proper answer. But forex is indeed difficult and it takes time to learn how to trade. I suggest you consider all the pros and cons before you decide whether trading is appropriate for you.
Trading is total waste of time and money. Smart people know that. I am not smart and it took me 10 years before I finally admitted this. Period.
Simplicity is the ultimate sophistication - Leonardo da Vinci
Quoting heispark
Trading is total waste of time and money. Smart people know that. I am not smart and it took me 10 years before I finally admitted this. Period.
agree , it takes a long time for ensuring good knowledge and experience. but if anyone can keep patience with great discipline of course there is a good chance to bring maximal result by trading.
There are some people who do make a profit off trading, they probably don't consider a waste.
i never quit from Forex at all , but i quit so many times from news trading, huge losses i have done during news. still i dont trade
This is why I largely avoid trading during major news events. To me it's not worth the risk.
Quoting mlawson71
This is why I largely avoid trading during major news events. To me it's not worth the risk.
news trading is very profitable and should always be considered as a strategy in itself. you can't trade it by winging it however and it does require work upfront to make the right decisions.
Quoting tropical_g
{quote} news trading is very profitable and should always be considered as a strategy in itself. you can't trade it by winging it however and it does require work upfront to make the right decisions.
It can be very profitable or it can lead to major losses. It depends on the trader and the strategy they are using.
Quoting mlawson71
{quote} It can be very profitable or it can lead to major losses. It depends on the trader and the strategy they are using.
Yeah! But not depends on only strategy it also depends on Consistent Methodology.
Quoting mlawson71
{quote} It can be very profitable or it can lead to major losses. It depends on the trader and the strategy they are using.
it will only lead to loss if you don't know what you are doing and haven't back researched
0 traders viewing now