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biggest frustration or obstacle you have faced so far?

  • #61
  • Sep 2, 2010 7:48pm Sep 2, 2010 7:48pm
Quoting Rootddns
I'm frustrated that when i enter a trade,i start seeing losess
Don't worry, many times they are just "market noises" .
Make your losses in demo. Earn your profits live.
  • #62
  • Sep 2, 2010 8:06pm Sep 2, 2010 8:06pm
That happens with me too /rage

Do we just need to stick it out then and wait if we can see a clear trend? I've gotten round my problem now by using indicators and it's helping a lot but those price spikes still scare the living daylights out of me.
  • #63
  • Sep 2, 2010 9:03pm Sep 2, 2010 9:03pm
Quoting Lethn
That happens with me too /rage

Do we just need to stick it out then and wait if we can see a clear trend? I've gotten round my problem now by using indicators and it's helping a lot but those price spikes still scare the living daylights out of me.
Yeah unfortunately, there is nothing you can do about those price spikes. If you wait and wait for a clear trend, you will be waiting forever and you will never be able to make a trade because you will never be sure. Been there, done that.

What I do is try to develope a system that can tolerate those price spikes.
Make your losses in demo. Earn your profits live.
  • #64
  • Sep 2, 2010 10:22pm Sep 2, 2010 10:22pm
Yeah I've figured that the best option for me as a beginnner seems to be to take the MMORPG approach to trading where I just patiently grind my way to wealth. It's a good thing that I've had plenty of practice already in the games with that sort of thing rofl
  • #65
  • Sep 3, 2010 2:21am Sep 3, 2010 2:21am
  •  SwissRaj
  • | Joined Aug 2010 | Status: (¯`·._.· the lonely trader ·._.·´¯) | 109 Posts
Quoting Forexia
she tells me she's worried about my trading venture, and she tells me "you know, the market is not always on your side"
Mine don't even understand what the hell i do!
She always tell me "i hope you find a job soon"
>>> psychology is more important than technicalities ^_^
  • #66
  • Sep 3, 2010 7:33am Sep 3, 2010 7:33am
Quoting SwissRaj
Mine don't even understand what the hell i do!
She always tell me "i hope you find a job soon"
Well, you should tell her: "I already did. This IS my job."
Make your losses in demo. Earn your profits live.
  • #67
  • Sep 4, 2010 7:24am Sep 4, 2010 7:24am
I think my biggest obstacle right now being a newbie is that i am in the state of "always eager to pull the trigger"...
  • #68
  • Sep 9, 2010 1:39pm Sep 9, 2010 1:39pm
The market not F*** moving for 5 hrs!!
Make your losses in demo. Earn your profits live.
  • #69
  • Sep 9, 2010 2:30pm Sep 9, 2010 2:30pm
Quoting Forexia
The market not F*** moving for 5 hrs!!
It's driving me crazy, too. Hope next week we get some real volume.
  • #70
  • Sep 10, 2010 12:42am Sep 10, 2010 12:42am
My biggest frustration was the lack of support from various forex trading brokers. The way I overcame this was to test before I invested and would suggest the same to every newbie trader. I had the most luck with FxPro http://www.fxpro.com/trading-conditions and found them to be the most responsive of all the brokers that I tried.
  • #71
  • Sep 29, 2010 6:38pm Sep 29, 2010 6:38pm
I think many same country as me... will face the problem
the internet in our country sucks big time

if the internet connection stays on is ok
but we always have disconnection, everyone facing same problem here

and we having 1MB line.. and they call it 'broadband'... lol

what a joke


scalping is almost impossible here
sometimes hard to place orders too
  • #72
  • Oct 7, 2010 1:55am Oct 7, 2010 1:55am
Quoting arcane83
I was wondering if anyone would like to share what is your biggest challenge about Forex trading. What is the biggest frustration or obstacle you have had so far in making this work as a real business.
Hi Arcane83.

I use to trade 15 min charts but moved away from it and only trade 4 hour and daily charts. The hardest part or obstacle for me? Patience.

`Patience emphasizes calmness, self-control, and the willingness or ability to tolerate delay.
I personally like the part where it say – ability to tolerate delay. That’s the secret of trading – to tolerate delay and wait for the market to come to you before you take a trade.
Regards
Wild Dog
  • #73
  • Nov 19, 2020 8:28am Nov 19, 2020 8:28am
Most of the traders lose their money in the forex market because of their wrong decision-making process. Most traders can not make the right decision at the right time.
  • #74
  • Dec 21, 2020 11:08pm Dec 21, 2020 11:08pm
Initially, i used to find it hard to control my emotions which was very frustrating but now i am quite good at it.
  • #75
  • Dec 22, 2020 12:55am Dec 22, 2020 12:55am
generally we the traders always attacked by emotions and greedy , its a very common bad habit that we cant avoid in spite of having most powerful analyzing trade knowledge.
  • #76
  • Last Post: Dec 25, 2020 3:15am Dec 25, 2020 3:15am
True, controlling greed is like controlling yourself and it is one of the most difficult things to do as a human being. As humans, there is a selfish-gene present in us that dictates us to amass as much as we can in a world of finite resources.
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