I plan to quit forex! | Page 72 | Forex Factory

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  • #1,421
  • Aug 23, 2019 11:00am Aug 23, 2019 11:00am
Why six months exactly, why not more or less?
  • #1,422
  • Aug 24, 2019 3:31am Aug 24, 2019 3:31am
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.
  • #1,423
  • Aug 24, 2019 6:43am Aug 24, 2019 6:43am
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.
  • #1,424
  • Aug 24, 2019 9:17am Aug 24, 2019 9:17am
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!??
  • #1,425
  • Aug 28, 2019 4:23am Aug 28, 2019 4:23am
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.
  • #1,426
  • Aug 28, 2019 12:40pm Aug 28, 2019 12:40pm
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!
  • #1,427
  • Aug 31, 2019 7:34am Aug 31, 2019 7:34am
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.
  • #1,428
  • Aug 31, 2019 11:04am Aug 31, 2019 11:04am
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!
  • #1,429
  • Sep 1, 2019 10:50pm Sep 1, 2019 10:50pm
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?
  • #1,430
  • Sep 3, 2019 12:22pm Sep 3, 2019 12:22pm
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.
  • #1,431
  • Sep 4, 2019 8:03am Sep 4, 2019 8:03am
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
  • #1,432
  • Sep 7, 2019 2:42am Sep 7, 2019 2:42am
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.
  • #1,433
  • Sep 7, 2019 12:00pm Sep 7, 2019 12:00pm
There are some people who do make a profit off trading, they probably don't consider a waste.
  • #1,434
  • Sep 8, 2019 2:15am Sep 8, 2019 2:15am
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
  • #1,435
  • Sep 9, 2019 4:17am Sep 9, 2019 4:17am
This is why I largely avoid trading during major news events. To me it's not worth the risk.
  • #1,436
  • Sep 9, 2019 4:31am Sep 9, 2019 4:31am
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.
  • #1,437
  • Sep 11, 2019 11:34am Sep 11, 2019 11:34am
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.
  • #1,438
  • Sep 11, 2019 3:15pm Sep 11, 2019 3:15pm
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.
  • #1,439
  • Sep 12, 2019 1:18am Sep 12, 2019 1:18am
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
  • #1,440
  • Sep 13, 2019 12:32am Sep 13, 2019 12:32am
Quoting ar72212
{quote} Yeah! But not depends on only strategy it also depends on Consistent Methodology.
I AGREE ! To be able to get successful in forex trading is not an easy job. Just like any other thing, it requires a lot of hard work, skill and experience. Quitting too soon because you are not able to make profits consistently isn’t a great idea.Traders should use their own mind and not just depend on news. Trade as per your trading strategy for better results.
And remember- You have to be very patient all the time.
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