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  • Rookie Talk
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I won nothing after 3 years

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  • Post #41
  • Quote
  • May 3, 2019 1:44am May 3, 2019 1:44am
  •  MarkFxAnde
  • | Additional Username | Joined Mar 2016 | 641 Posts
Quoting Xarras
Disliked
Forex trading is not as hard as you are thinking. Same thing happened to us when we were new & had same kind of trouble. However, all you need to do is - stick in a single strategy rather than keep changing every few days.
Ignored
according to you , Forex trading is not hard , it looks more complicated above all for the traders who are newcomer. i dont agree at all , only 5% traders are able to bring profit consistently from here and others become loser. by the way , how much you can return from trading in a week ? i hope , a lot , because its easy for you
  • Post #42
  • Quote
  • Oct 22, 2020 3:42am Oct 22, 2020 3:42am
  •  Robertstarc
  • | Additional Username | Joined Jan 2020 | 265 Posts
If you have enough knowledge and experience about the market, you can easily make money from this market. You just need patience.
  • Post #43
  • Quote
  • Oct 22, 2020 4:42am Oct 22, 2020 4:42am
  •  SamGoi
  • | Additional Username | Joined Aug 2020 | 109 Posts
You work with a good strategy. Loss, but stick to that strategy. I have been trading for 4 years and still can't make a consistent profit. But I have learned a lot and from this education, I want to achieve success one day. So keep trying to be able to consistently profit one day.
1
  • Post #44
  • Quote
  • Oct 22, 2020 9:03am Oct 22, 2020 9:03am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
What kind of strategy do you prefer?
  • Post #45
  • Quote
  • Nov 28, 2020 12:06pm Nov 28, 2020 12:06pm
  •  SamGoi
  • | Additional Username | Joined Aug 2020 | 109 Posts
There will be loss in trading but it is possible to maintain consistency only if this loss has to be maintained. I was a loser for 4 years when I was a beginner trader but by covering that loss I have now become a profitable trader. Because I had a lot of patience and a strong desire to win.
  • Post #46
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  • Dec 6, 2020 8:18am Dec 6, 2020 8:18am
  •  richardks
  • | Additional Username | Joined Dec 2019 | 41 Posts
I have also lost more money in trading years. Now, I need to be more patient. especially at times of uncertainty that will not enter the market. all need more consideration
  • Post #47
  • Quote
  • Dec 6, 2020 5:41pm Dec 6, 2020 5:41pm
  •  DeanLittler
  • | Additional Username | Joined Jul 2020 | 129 Posts
Loss is a part of education. It is possible to move towards success with a lot of learning from a loss. And always have to accept the loss.
  • Post #48
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  • Dec 7, 2020 6:40am Dec 7, 2020 6:40am
  •  littlebirds
  • | Commercial Member | Joined Dec 2020 | 25 Posts
Quoting richardks
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I have also lost more money in trading years. Now, I need to be more patient. especially at times of uncertainty that will not enter the market. all need more consideration
Ignored
This is a nice mindset. I do hope you will get a win soon.
I do think that there must be something that you are not looking properly considering you have been making no win in the last 3 years. Have you considered checking out what caused that issue to why you are not able to make a profit?
  • Post #49
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  • Dec 7, 2020 7:25am Dec 7, 2020 7:25am
  •  MarcoDresner
  • | Additional Username | Joined Jul 2020 | 131 Posts
It's not about how many years we are trading. It's about how quick we learn from our mistakes. Even after trading for long times most traders are not discipline. They can't control their emotions. Most of the time they open trade out of greed or fear.
  • Post #50
  • Quote
  • Dec 7, 2020 1:53pm Dec 7, 2020 1:53pm
  •  DexterDuncan
  • | Additional Username | Joined Jul 2020 | 133 Posts
Keep trying. Use your experience in the market. Make your mistakes as your learning things. You will become successful one day for sure.
  • Post #51
  • Quote
  • Dec 8, 2020 1:46am Dec 8, 2020 1:46am
  •  365
  • | Additional Username | Joined May 2020 | 37 Posts
Quoting DexterDuncan
Disliked
Keep trying. Use your experience in the market. Make your mistakes as your learning things. You will become successful one day for sure.
Ignored
Yes. There is a golden saying, "If you do not succeed at first, try try again".
  • Post #52
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  • Dec 11, 2020 6:50am Dec 11, 2020 6:50am
  •  martin15
  • | Additional Username | Joined Aug 2019 | 59 Posts
Quoting 365
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{quote} Yes. There is a golden saying, "If you do not succeed at first, try try again".
Ignored
Agreed.In forex, its all about keeping up the hope and making an effort ,no matter what!
  • Post #53
  • Quote
  • Dec 18, 2020 7:45am Dec 18, 2020 7:45am
  •  WillGagnon
  • | Additional Username | Joined Jul 2020 | 133 Posts
You have to be patient to survive in this market. Make a good trading plan and start again with your 3 years exeprience.
  • Post #54
  • Quote
  • Dec 18, 2020 12:36pm Dec 18, 2020 12:36pm
  •  Niels.Lar
  • | Additional Username | Joined Jul 2020 | 130 Posts
Quoting DexterDuncan
Disliked
Keep trying. Use your experience in the market. Make your mistakes as your learning things. You will become successful one day for sure.
Ignored

Right. Experience is most important factor for success. Learn from your loss. Just focus on surviving in the market.
  • Post #55
  • Quote
  • Dec 19, 2020 2:15am Dec 19, 2020 2:15am
  •  forexfade
  • | Joined Aug 2020 | Status: Member | 19 Posts
The only thing you need to do is find one strategy and stick to it. Whether it is scalping, Engulfing, Pin Bar, the hammer, inverted hammer, become an expert in that one strategy and learn everything you can about the strategy, especially how it trades in various time charts for various currency pairs.

You should be testing out the strategy inside a demo account first anyway. Before trading in the live account you should become an expert on a strategy inside the demo account, paper trading, and it should not take you 3 years to become an expert in one. Once you learn that strategy to the maximum it can be learned, and your making steady profits with it, then you should try and master another strategy inside a demo account and continue to grow as much as you can as a forex trader.

You should be learning how the forex trading strategy reacts to fundamental news, works with indicators, etc. Also backtest the strategy before you place the trade which will help you not only to learn but also put your mind at ease for the trade(s) you are about to make.
1
  • Post #56
  • Quote
  • Dec 23, 2020 12:00pm Dec 23, 2020 12:00pm
  •  Deepak.Dubey
  • | Additional Username | Joined Apr 2020 | 370 Posts
Quoting forexfade
Disliked
The only thing you need to do is find one strategy and stick to it. Whether it is scalping, Engulfing, Pin Bar, the hammer, inverted hammer, become an expert in that one strategy and learn everything you can about the strategy, especially how it trades in various time charts for various currency pairs. You should be testing out the strategy inside a demo account first anyway. Before trading in the live account you should become an expert on a strategy inside the demo account, paper trading, and it should not take you 3 years to become an expert...
Ignored
Good, all-encompassing advice.
  • Post #57
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  • Dec 27, 2020 3:19pm Dec 27, 2020 3:19pm
  •  Robertstarc
  • | Additional Username | Joined Jan 2020 | 265 Posts
Forex trading is already a risky business. If you take more risk in a risky business, your downfall is a matter of time. It's better to manage risk while trading.
  • Post #58
  • Quote
  • Dec 27, 2020 8:28pm Dec 27, 2020 8:28pm
  •  Niels.Lar
  • | Additional Username | Joined Jul 2020 | 130 Posts
Quoting Robertstarc
Disliked
Forex trading is already a risky business. If you take more risk in a risky business, your downfall is a matter of time. It's better to manage risk while trading.
Ignored

Managing risk is also ensure your survival in this dangerous market.
  • Post #59
  • Quote
  • Dec 27, 2020 9:05pm Dec 27, 2020 9:05pm
  •  DeanLittler
  • | Additional Username | Joined Jul 2020 | 129 Posts
You try to understand the market context. Try to work with market context and level. And keep an eye on the fundamental news.
1
  • Post #60
  • Quote
  • Dec 28, 2020 11:20am Dec 28, 2020 11:20am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
People often underestimate how important fundamental news are, especially newbies, unfortunately.
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