Any idea about real success in forex trading? | Forex Factory

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Any idea about real success in forex trading?

  • #1
  • First Post: Aug 14, 2021 3:34pm Aug 14, 2021 3:34pm
Hello,

Greetings everyone! I started forex trading in 2018. Until now I waste more than $10,000+ for brokers and scammers. And I always looked for EA, Indicators, Signal services, Copy tradings, Account managements, and more!!! Everything went to wrong! Still I have not meet real method for trading. Its true story of mine!
Respectfully I'd like share my experience and need talk about success and unsuccess stories about trading. Thank you!
  • #2
  • Edited Aug 15, 2021 1:37pm Aug 14, 2021 4:46pm | Edited Aug 15, 2021 1:37pm
Never subscribe to signal services, copiers etc. because it results in failure and losses. If a signal would be yielding profits constantly, why would they even bother selling it? Ever considered that?

Create your own trading system that you van develop and trust, so you never have to trust anyone else his "service".
  • #3
  • Aug 14, 2021 6:55pm Aug 14, 2021 6:55pm
I don't think there is one trader out there that hasn't been where you are, myself included. In fact I was in the act of liquidating all my accounts to give up when I found out about the true structure that makes prices move.

I dedicated my last little bit of education capital to learning everything I could about order flow, volume and the true structure of the market. That was several years ago and I have never looked back. I have written several threads here on this forum dedicated to this concept and many have commented that it was the "missing piece" that helped them turn their trading around. Indeed that was my experience too.

If you haven't yet studied the concepts of order flow then you have been trading blind. Indicators and "systems" are worthless. Study WHY price moves or conversely WHY price doesn't move and you will know how to plan and execute trades with greater accuracy and less exposure to risk
@xxxx§|[::::::::::::::::>
  • #4
  • Aug 15, 2021 1:17am Aug 15, 2021 1:17am
Quoting ALPhaREDz
Hello, Greetings everyone! I started forex trading in 2018. Until now I waste more than $10,000+ for brokers and scammers. And I always looked for EA, Indicators, Signal services, Copy tradings, Account managements, and more!!! Everything went to wrong! Still I have not meet real method for trading. Its true story of mine! Respectfully I'd like share my experience and need talk about success and unsuccess stories about trading. Thank you!
Welcome to trading 101: EA, Indicators, signal services, copy trading, account management do not move prices. Central banks set the tone and institutions are the ones that move prices. Learn to be a student of understanding institution sentiment, its all on the web.
  • #5
  • Oct 31, 2021 4:50am Oct 31, 2021 4:50am
Sorry to hear you have not yet been successful and have lost so much. My advice is to go back to basics and learn trading for yourself. It will be a slow process and may take many years before you actually start to make money but I believe it is the only way. I don't trust anyone for signals or help trading as often they are just scam artists. The only person you can trust is yourself.
  • #6
  • Nov 18, 2021 1:47am Nov 18, 2021 1:47am
I have read a book and it says that if there is an EA that can achieve a stable monthly profit of 2%, how much do you think Goldman Sachs will spend to buy it? 100 million dollars or 1 billion dollars? At that time, I knew that the EAs that I can buy are basically scams. They can sell for 100 million US dollars. Why do I need to spend hundreds of dollars to sell them to me?
  • #7
  • Nov 18, 2021 9:32am Nov 18, 2021 9:32am
It is not a great idea being after EA, signal service, copy trading or account management. There may be some good services, but I believe 90% are scam. Thus, it is best to deal trading by yourself. It is one of the businesses, which can give you amazing return. If you think you can deal with this business, invest your time before investing money. If you think you cannot deal the heat, you may quit. There is no point of putting yourself in a pressed situation. I am telling you again. It is an excellent business, but you have to work hard at the beginning. I am wishing you all the very best.
  • #8
  • Nov 20, 2021 7:54pm Nov 20, 2021 7:54pm
You sound like another sheeple. Dude just buy index funds and call it a day.
Love to talk on Discord: DividendGamer#1324
  • #9
  • Nov 21, 2021 3:22am Nov 21, 2021 3:22am
Quoting dean198
Sorry to hear you have not yet been successful and have lost so much. My advice is to go back to basics and learn trading for yourself. It will be a slow process and may take many years before you actually start to make money but I believe it is the only way. I don't trust anyone for signals or help trading as often they are just scam artists. The only person you can trust is yourself.
thanks for your nice suggestion but i think in this situation its really difficult to go back for leering basic terms and conditions.
  • #10
  • Nov 21, 2021 7:59pm Nov 21, 2021 7:59pm
To get real success in forex it is very necessary for every trader who are going to start trading that he should focus on learning forex and should do practice over demo account for practice and do not be lazy and should focus on his trading.
  • #11
  • Nov 22, 2021 1:35am Nov 22, 2021 1:35am
Quoting LearnThink
I have read a book and it says that if there is an EA that can achieve a stable monthly profit of 2%, how much do you think Goldman Sachs will spend to buy it? 100 million dollars or 1 billion dollars? At that time, I knew that the EAs that I can buy are basically scams. They can sell for 100 million US dollars. Why do I need to spend hundreds of dollars to sell them to me?
Have such EAs working with real money for almost 1 year... all results audited and verified in myfxbook. Nobody contacted me from goldman

All with SL.

Here beautifull EA using real hedge between strong and weak stocks. no matter what market do - it can crush or skyrocket up, strong stock earn on uptrend and weak stock earn on downtrend. Optimized/backtested several years.

3.63% monthly on average:

Attached Image (click to enlarge)
Click to Enlarge Name: msft_ibm_hedge_results.png Size: 96 KB

Here MSFT buy dips results... 6.29% monthly profits on average:

Attached Image (click to enlarge)
Click to Enlarge Name: msft_still_up.png Size: 74 KB

Here GBPUSD EA exploiting choppy market with 2.67% monthly:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_choppy.png Size: 78 KB

Please contact me with Goldman Sachs, let them know about my results
  • #12
  • Nov 22, 2021 3:56am Nov 22, 2021 3:56am
That is, you learned the basics and over the next 3 years systematically drained the deposit?
  • #13
  • Dec 3, 2021 6:32am Dec 3, 2021 6:32am
There isn’t any method that can make you successful. Indicators, EAs and everything is to help you but the actual success depends on how well you understand the market behavior and how the price of the currencies move. If you shift your focus on understanding these things deeply, you can easily spot the loopholes in a trading system and wouldn’t waste any money. Most of us fail because we think that we can buy a holy grail system and cash-in billions in our accounts.
  • #14
  • Dec 3, 2021 8:58am Dec 3, 2021 8:58am
I think it's just any other thing you wish to learn, it will take you years in my opinion to understand how and why price is moving.

I had spent years with trading indicators until I have realized it's a mistake to do so.

I had changed my trading habits 13 years ago and I still struggle in each and every day.

Trading is very hard, if you ask me it's the hardest business out there, not just you have to find a good strategy that works, you also play against yourself since it's also a big psychology game.
  • #15
  • Dec 4, 2021 7:35am Dec 4, 2021 7:35am
You definetely shouldn't buy any signals or trading bots if you cannot trade on your own.
Many people overestimate the role and importance of trading signals in trading success. I feel that the right attitude to them is just a source of a kind of inspiration or new ideas. It is vital to understand that it is only you who is responsiblr for your trading results and switch the responsibility on something or somebody else is getting us nowhere.
Quite the same thing is about trading bots. I recommend to be good not only at trading but also at programming in order to know how to create a trading bot and how to modify it. There are lots of traders, unfortunately, who bu the trading bots which don't really work and don't bring the profits.
  • #16
  • Dec 13, 2021 5:06am Dec 13, 2021 5:06am
I am quite sure that a lot of traders will relate to your story. We all have seen failures. It’s all about how you take it. If we decide to take lessons from our failures nothing can stop us from becoming successful in our careers. So, just keep up the right spirit and work on improving yourself with every passing day.
  • #17
  • Dec 14, 2021 3:31am Dec 14, 2021 3:31am
Quoting louiseking
I am quite sure that a lot of traders will relate to your story. We all have seen failures. It’s all about how you take it. If we decide to take lessons from our failures nothing can stop us from becoming successful in our careers. So, just keep up the right spirit and work on improving yourself with every passing day.
Indeed
  • #18
  • Dec 14, 2021 3:49am Dec 14, 2021 3:49am
Make sure you learn bankroll management. A lot of people neglect this important skill.

It is actually something that good forex traders and pro card players have in common. Lot of overlap in skills.
Love to talk on Discord: DividendGamer#1324
  • #19
  • Dec 20, 2021 3:01am Dec 20, 2021 3:01am
success is a moment all about which is very short time , its not a big deal to bring success from this trading place or real life, the main issue is to keep consistence . hope you got the message.
  • #20
  • Dec 28, 2021 5:12am Dec 28, 2021 5:12am
Quoting ALPhaREDz
Hello, Greetings everyone! I started forex trading in 2018. Until now I waste more than $10,000+ for brokers and scammers. And I always looked for EA, Indicators, Signal services, Copy tradings, Account managements, and more!!! Everything went to wrong! Still I have not meet real method for trading. Its true story of mine! Respectfully I'd like share my experience and need talk about success and unsuccess stories about trading. Thank you!
I spent my 3 years losing and tons of effort learning why I was losing. profit only started coming in my 5th year.

this month I owned all the FF fx traders by trading bitcoin only with a 1700% gain for the month. I am in my 14th year now.

Hope my story helps, and good luck if you decide to continue trading.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
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