Blah,blah,blah,blah........same old cliches and crap,different day.
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Your and My Lessons Learned Losing and Gaining in Trading 5 replies
things you learned from forex and improved your life 12 replies
The most important lesson’s I’ve learned trading Forex, so far... 15 replies
Disliked3. The Markets are Random 85% of the time.
This is going to be a big pill for most of you to swallow.....Ignored
DislikedLearning to trade profitably is about learning to lose. Most people are afraid of losing money, and taking a loss they find painful. One needs to get to the point where taking a loss causes no bother at all, because....Ignored
Disliked{quote} Losing causes no bother simply means you're well endowed. Learning to lose is not a magic pill to winning. Able to take punches means you got a strong jaw, doesn't mean you won't get knocked out.Ignored
DislikedThis is my first forum post but I am not a newbie. I have lost about 300,000$ trading forex over the course of 5 years and it has been a huge struggle, to say the least but I kept persevering and educating myself and this year I am finally profitable to the tune of $130,000. After all this time and stress (and finally a very good mentor) I figured out some basic truths about forex trading. 1. You have to Master Money Management first and foremost. Forget EVERYTHING else and learn to lose like a professional. I spent tens of thousands of dollars...Ignored
Disliked{quote} You need an edge before all, but there are some people that have edge.....Ignored
DislikedThis is my first forum post but I am not a newbie. I have lost about 300,000$ trading forex over the course of 5 years and it has been a huge struggle, to say the least but I kept persevering and educating myself and this year I am finally profitable to the tune of $130,000. After all this time and stress (and finally a very good mentor) I figured out some basic truths about forex trading. 1. You have to Master Money Management first and foremost. Forget EVERYTHING else and learn to lose like a professional. I spent tens of thousands of dollars...Ignored
Disliked{quote} Really? Do you know with certainty you have an edge? The extra zero pocket and unfair payout gives the casino a 2.7% edge on the roulette tables. They commit billions of money loaned from banks to bet against gamblers. So, what's the edge % and how much of net worth have so called "some people that have edge" committed to retail fx gambling?Ignored
DislikedAt this point I m really 100% sure I have an edge and I m committing serious money to this.Ignored
DislikedThis is my first forum post but I am not a newbie. I have lost about 300,000$ trading forex over the course of 5 years and it has been a huge struggle, to say the least but I kept persevering and educating myself and this year I am finally profitable to the tune of $130,000. After all this time and stress (and finally a very good mentor) I figured out some basic truths about forex trading. 1. You have to Master Money Management first and foremost. Forget EVERYTHING else and learn to lose like a professional. I spent tens of thousands of dollars...Ignored
DislikedI did not understand the simple math of randomness. I was expecting to win a lot more trades then I was actually winning. Even if you have a process that is a winner 75% of the time it is "possible" that you could have 25 losing trades in a row and then have 75 winning trades right after. In reality, I am closer to 64% winning trades so I now have a process that will be fine even if I had 36 losing trades in a row.Ignored
https://www.forexfactory.com/thread/...ame-for-losers?
There is a small chance that you are a victim and still believe you can make it. If so, I am sorry and hope you understand what i try to explain here.
Disagree? No problem, you will learn it the hard way.
DislikedThis is my first forum post but I am not a newbie. I have lost about 300,000$ trading forex over the course of 5 years and it has been a huge struggle, to say the least but I kept persevering and educating myself and this year I am finally profitable to the tune of $130,000. After all this time and stress (and finally a very good mentor) I figured out some basic truths about forex trading. 1. You have to Master Money Management first and foremost. Forget EVERYTHING else and learn to lose like a professional. I spent tens of thousands of dollars...Ignored
Disliked{quote} So you still have no idea about randomness and seem to lack even basic math skills in regards to probability? Hhhhm.... All I see here is most likely a marketing trick of a so called trading mentor trying to sell his trading course and here is why: First you admit that you lose (like 99% of all participants after 5 years). So traders see themselves in your example. Then you mention that you finally turned it around (the core hope of every trader that doesn't understand why he loses). Then you place the bait that it all is...Ignored