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How I Became Successful In Forex... The Secret

  • #1
  • First Post: Edited Jul 18, 2022 7:18am Nov 17, 2019 1:35am | Edited Jul 18, 2022 7:18am
Hello Everyone,
I decided to start this thread after reading a thread "Has anyone ever seen a successful trader"

YES I HAVE SEEN ONE BECAUSE I AM THE ONE SUCCESSFUL TRADER.

I am starting this thread as a motivation to all those traders who are struggling to achieve success in Forex Trading. I have been trading Forex for over 7 years now and lost a lot of money and time in it but never gave up... I ONLY became successful about a year ago after following few steps which i will tell you below. These steps were taken by me after reading a PDF found on the internet by a successful trader himself. Maybe you already read it yourself. I am attaching the PDF here which changed my way of thinking and thus way of trading ultimately making me a successful trader.

So not taking long here it are the few steps you need to take : But before that REMEMBER: YOU CANNOT TELL WHICH WAY THE MARKET WILL GO UP OR DOWN BECAUSE YOU DON'T CONTROL THE PRICES.

STEPS TO FOLLOW:

1. MEDITATE 20 Minutes daily and VISUALIZE that your balance is growing in your broker account. Visualize that you took a trade and its winning. Visualize your trading setup as if it is happening in real life. VISUALIZE that you are a SUCCESSFUL TRADER.
2. FOLLOW YOUR STRATEGY exactly as it is write down the plan and don't deviate from it. If you don't have one it will come to you.
3. Must have a FIXED TAKE PROFIT and a FIXED STOP LOSS according to your strategy because you never know where price will go.
4. Be an ACTIVE WINNER and an ACTIVE LOSER. Be happy whether you win or lose. Emotions must be same for both. That's MOST IMPORTANT here. Accepting a losing trade will make you more successful.
5. DON'T TRY TO COVER YOUR LOSSES You can come again next setup and then get profits. MUST STICK TO YOUR PLAN. This will become easy for
you once you START MEDITATING as in step 1. Most people loss because they become emotional and try recover losses and lose all their money in the attempt. MEDITATION and VISUALIZATION as described in STEP 1 will help you overcome this problem.
6. Trade according to your balance don't take huge lots.
These are the exactly steps I follow each day and I hardly see any losing day.

It was ONLY AFTER STARTING MEDITATING AND BELIEVING "I AM A SUCCESSFUL TRADER" THAT I CAME UP WITH A WINNING STRATEGY AND BECAME SUCCESSFUL.

So if you still don't have a successful strategy don't worry you will get it but stop looking around for it. JUST start meditating and believing you are a successful trader. The strategy will come to you itself.

I hope it will help you all.

PDF is attached. Read all of it.

To follow my trades in real time and copy trade me pm me on my telegram.....@forex1238
Attached File(s)
File Type: pdf King's Philosophy-converted.pdf   737 KB | 661 downloads | Uploaded Jul 18, 2022 7:18am
  • #2
  • Nov 17, 2019 3:00am Nov 17, 2019 3:00am
Thanks for the PDF, I will have a read of it later today...

I like the emphasis you place on meditating and the internal work needed to succeed. It certainly is an inside job!

All the best :-)
  • #3
  • Nov 17, 2019 4:44am Nov 17, 2019 4:44am
Very interesting, thanks for the stats on your two trading accounts. Like the fact there are no unrealised losses to wipe out the gains. Will follow this thread with interest.

That gbp/chf trade, 5 positions - did you pre-set the 5 entries, or plan to add the extra positions if the trade started to go against you? Is that how you normally trade - decide on the total position size and split the entries?

Enjoying the pdf, will read and reread.
  • #4
  • Nov 17, 2019 6:28am Nov 17, 2019 6:28am
Hi Forexcup,

Thanks for sharing! I hope it help us too.
  • #5
  • Nov 17, 2019 6:42am Nov 17, 2019 6:42am
Thanks for sharing.

I only turned the key when I understood what to do when the market is against me.

Hugs
  • #6
  • Nov 17, 2019 6:53am Nov 17, 2019 6:53am
Quoting heldav
Very interesting, thanks for the stats on your two trading accounts. Like the fact there are no unrealised losses to wipe out the gains. Will follow this thread with interest. That gbp/chf trade, 5 positions - did you pre-set the 5 entries, or plan to add the extra positions if the trade started to go against you? Is that how you normally trade - decide on the total position size and split the entries? Enjoying the pdf, will read and reread.
You are welcome helday. All entries are preplaned. Yes i split my total lots. It is not that the trades go against me its just to add my profits and reduce loss on next trades....My Success rate is pretty high almost 90%+ and because my tp is small as compared to sl so all the trades get aggregated. The sl becomes smaller and tp becomes bigger that way... then its very easy to trade with a bigger sl even though it hardly gets hit.

Without adding more trades it was still profitable but this is how i planned it now after trading for months.

The gbpchf trades i closed them. Mostly when i see my daily profit target reached i close all trades even if some are in loss. What counts is profits end of the day.

I hope the picture attached will clear my point.
Attached Image (click to enlarge)
Click to Enlarge Name: forexcup1.png Size: 7 KB
  • #7
  • Nov 17, 2019 6:55am Nov 17, 2019 6:55am
Quoting Vic80
Hi Forexcup, Thanks for sharing! I hope it help us too.
yes it will do i am 100% sure. Don't hope just be sure and do it. It worked for me past 8 months now...
  • #8
  • Nov 17, 2019 8:55am Nov 17, 2019 8:55am
may i know what strategy do u use ? is it price action or using indicator?
  • #9
  • Nov 17, 2019 9:27am Nov 17, 2019 9:27am
Quoting Forexcup
{quote} You are welcome helday. All entries are preplaned. Yes i split my total lots. It is not that the trades go against me its just to add my profits and reduce loss on next trades....My Success rate is pretty high almost 90%+ and because my tp is small as compared to sl so all the trades get aggregated. The sl becomes smaller and tp becomes bigger that way... then its very easy to trade with a bigger sl even though it hardly gets hit. Without adding more trades it was still profitable but this is how i planned it now after trading for months....
Thanks for sharing your experience.
What about is all 3 orders are in loss?
From you scheme you are predicting price will go higher to hit your TP but on first post you wrote "stop predicting price movement".
So, to have 90%+ like you we have to predict or not price movement?
Thanks
  • #10
  • Nov 17, 2019 2:23pm Nov 17, 2019 2:23pm
Quoting Forexcup
I have been trading Forex for over 7 years now and lost a lot of money and time in it but never gave up... I ONLY became successful about a year ago after following few steps which i will tell you below. These steps were taken by me after reading a PDF found on the internet by a successful trader himself
Hi Forexcup,

I have finished reading your pdf. I find it very interesting. May I ask you how long it took to became successful since you started the exercises?
  • #11
  • Nov 17, 2019 3:02pm Nov 17, 2019 3:02pm
yoyoyo following
  • #12
  • Nov 17, 2019 3:35pm Nov 17, 2019 3:35pm
How much is your tp and sl?
  • #13
  • Nov 18, 2019 3:08am Nov 18, 2019 3:08am
Quoting rise27
may i know what strategy do u use ? is it price action or using indicator?
it's both price action. Any strategy can work just need to become more disciplined and manage your trades properly. That will become possible once you start meditating as described.
  • #14
  • Nov 18, 2019 3:14am Nov 18, 2019 3:14am
Quoting Merka
{quote} Thanks for sharing your experience. What about is all 3 orders are in loss? From you scheme you are predicting price will go higher to hit your TP but on first post you wrote "stop predicting price movement". So, to have 90%+ like you we have to predict or not price movement? Thanks
Yes i will change that. What i meant was to just follow your strategy and place your tp and sl without fear. I just follow my strategy according to it i had to place a buy so i did. If it hits tp fine otherwise i am ready for sl.
if all are in loss. It's ok because win rate is high so will recover soon.
Though now i have recovery plan in working too which makes me earn every single day without loss.
  • #15
  • Nov 18, 2019 3:21am Nov 18, 2019 3:21am
Quoting Vic80
{quote} Hi Forexcup, I have finished reading your pdf. I find it very interesting. May I ask you how long it took to became successful since you started the exercises?
it took me about 1 week. As soon as i started meditating i felt a change in myself i had more control on emotions which is the key.

"A PERSON WITH GOOD SELF-DISCIPLINE BUT A POOR TRADING METHOD WILL OUTPERFORM A PERSON WITH POOR SELF-DISCIPLINE BUT THE BEST TRADING METHOD CURRENTLY AVAILABLE"

It's True. I have both now.
  • #16
  • Nov 18, 2019 4:05am Nov 18, 2019 4:05am
Quoting Forexcup
REMEMBER: YOU CANNOT TELL WHICH WAY THE MARKET WILL GO UP OR DOWN BECAUSE YOU DON'T CONTROL THE PRICES. STEPS TO FOLLOW: 1. MEDITATE 20 Minutes daily and VISUALIZE that your balance is growing in your broker account. Visualize that you took a trade and its winning. Visualize your trading setup as if it is happening in real life. VISUALIZE that you are a SUCCESSFUL TRADER. 2. FOLLOW YOUR STRATEGY exactly as it is write down the plan and don't deviate from it. If you don't have one it will come to you. 3. Must have a FIXED TAKE PROFIT and a FIXED...
Hi Forexcup,
Nice summary. Personally don't know about the meditating, if it works for you, great, but steps 2-6 are definitely 100% spot on. If you can trade like that the chances of turning a consistent net profit over time are massively increased.
  • #17
  • Nov 18, 2019 4:22am Nov 18, 2019 4:22am
Quoting Oldtraderman
{quote} Hi Forexcup, Nice summary. Personally don't know about the meditating, if it works for you, great, but steps 2-6 are definitely 100% spot on. If you can trade like that the chances of turning a consistent net profit over time are massively increased.
Yes Thank you Oldtraderman. Steps 2-6 are possible after meditating. Almost all know these steps already no? but what's missing is meditation and visualization... All the successful traders i know do that. I did it initially for 1 month or so and after that i didn't need it because my brain got trained to take losses happily and it was more easy for me to manage my trades and my risk management too.
  • #18
  • Nov 18, 2019 5:01am Nov 18, 2019 5:01am
Quoting Forexcup
{quote} You are welcome helday. All entries are preplaned. Yes i split my total lots. It is not that the trades go against me its just to add my profits and reduce loss on next trades....My Success rate is pretty high almost 90%+ and because my tp is small as compared to sl so all the trades get aggregated. The sl becomes smaller and tp becomes bigger that way... then its very easy to trade with a bigger sl even though it hardly gets hit. Without adding more trades it was still profitable but this is how i planned it now after trading for months....
So you set 1 stop order. And more limit orders with the same tp and sl? So when the stop order goes negative the limit orders will be filled one by one?
  • #19
  • Nov 18, 2019 8:27am Nov 18, 2019 8:27am
Just Deposited $2000 more going to make it $5000+. This way i can take bigger lots then.
  • #20
  • Nov 18, 2019 8:30am Nov 18, 2019 8:30am
Quoting Anusragger
{quote} So you set 1 stop order. And more limit orders with the same tp and sl? So when the stop order goes negative the limit orders will be filled one by one?
yes you can say that. This system works so well if you have a high winning strategy. For low winning strategy you can make something that suits you.
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