Quitting Forex | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies

Forex Training: What to Look for in a Forex Training Program 1 reply

To Those Traders Thinking About Quitting 0 replies

close to quitting... 45 replies

Forex needs a "Forex Borg" 2 replies

Attachments: Quitting Forex
Exit Attachments

Quitting Forex

  • #21
  • Mar 27, 2025 1:56pm Mar 27, 2025 1:56pm
Quoting FxArt.Trader
{quote} If you don't learn how to lose, you won't succeed in other markets either. the successful Trader wins by being an expert at losing https://www.youtube.com/watch?v=w5Nob_a-W2Y
Tom Hougard(Might have butchered this name) has a book called The Best Loser Wins. Interesting book, it is true you have to learn how to take losses. I like Tom.
Bullish on Heaven and Ruble
  • #22
  • Mar 27, 2025 2:14pm Mar 27, 2025 2:14pm
Quoting Urahara-san
Tom Hougard(Might have butchered this name)

I wouldn't go so far as to say "butchered": you just left out 1 letter.


Quoting Urahara-san
it is true you have to learn how to take losses.

Undeniably.


Quoting Urahara-san
I like Tom.

Same here. He seems nice. But I have a really hard time believing that people who can trade profitably spend all their time (a) posting videos on Youtube and (b) strongly promoting unregulated, offshore brokers whose owners also so kindly reciprocate by promoting the Youtube channel to their own customers. I think people may be being a little naive, if they don't question that.
Amelia
  • #23
  • Mar 27, 2025 2:54pm Mar 27, 2025 2:54pm
Quoting klopp433
{quote} You have a system which makes millions and refused to share on the "I will code your EAs and Indicators for no charge | Forex Factory" You could help him with that but choose to share a video. Isn't it hypocritical to try and seem to offer help but offering none whatsoever.

I respectfully advise you to stay away from the market because, at first glance, it seems that you don't believe in the first principle of this market, which is to be responsible.

A trader is responsible for their own success and failure, not someone else. Did I ever agree or sign anything to make someone else successful? Each person is responsible for themselves, not someone else.

Did you read the post completely? I don't think so... If you read it and thought that strategy was definitely profitable, then you don't know the market at all. First, I said it might be a Photoshopped image; how can you guarantee it's real? Second, I said I tested it with zero spread and zero commission. In the real market, these are not zero, and we also have slippage.

I wanted to explain in future posts how to take ideas from others and combine them with other ideas, but the discussion went in another direction.
You should have asked questions about the capital management conditions. You should have asked for screenshots of places where the strategy resulted in losses.
You seem like very easy prey; with this attitude, everyone will take advantage of you. The best help I can offer, even to someone who is struggling and needs help for their child, is not to give them that file because I don't use it myself.

Instead of expecting others to make you successful, learn to succeed on your own. I watched about 100 videos before trying to use techniques from one of them in another person's idea. The idea is available; you can watch 100 videos and create something better than what I made, and help them.
Maybe something happens to me tomorrow and I'm no longer here. Do you want to make excuses because I wasn't there and couldn't help, and therefore you can't succeed?

This screenshot shows the parts where the strategy resulted in losses.
Attached Image (click to enlarge)
Click to Enlarge Name: 2025-03-26_23-03-08_terminal.png Size: 36 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-03-26_23-04-02_terminal.png Size: 39 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2025-03-26_23-04-41_terminal.png Size: 30 KB
Theory of Everything is Liquidity...https://www.youtube.com/@FxArt.Trader
  • #24
  • Edited 7:01pm Mar 27, 2025 2:55pm | Edited 7:01pm
{ copyrighted attachment deleted by staff }
  • #25
  • Mar 27, 2025 5:04pm Mar 27, 2025 5:04pm
Quoting King-Zak
That is perfectly OKEY. Trading is not for everyone. But if I'm talking to you one on one.. my question to you is... "Why not stay for a while.. and make little changes of the way you used to do things?"..
Because it's not worth it. The Forex market is absolute garbage. And it's doubtful anyone on here is actually making a living from trading this market.
Learn from your mistakes and march on.
  • #26
  • Mar 27, 2025 5:15pm Mar 27, 2025 5:15pm
Quoting klopp433
{quote}Isn't it hypocritical to try and seem to offer help but offering none whatsoever.
I have been trading Forex for many years, and what you are pointing out is a common thing! And this type usually has a course to sell—filled with stuff you can find for free online if you look hard enough, strategies that either don't work or will eventually stop working over time.

I have been in this market long enough to see the nonsense. Was it always like this? No. There was a time when trends were good, and price action made sense. But now that market makers are using algos, all of that has changed. Even supply and demand trading doesn't work as well as it used to. It's just chaos. If you have deep pockets, you could do well trading the weekly chart. But you won't get a lot of trades out of it.
Learn from your mistakes and march on.
  • #27
  • Edited 5:54pm Mar 27, 2025 5:32pm | Edited 5:54pm
Quoting here2there
{quote} I have been trading Forex for many years, and what you are pointing out is a common thing! And this type usually has a course to sell—filled with stuff you can find for free online if you look hard enough, strategies that either don't work or will eventually stop working over time. I have been in this market long enough to see the nonsense. Was it always like this? No. There was a time when trends were good, and price action made sense. But now that market makers are using algos, all of that has changed. Even supply and demand trading doesn't...
I was about to quit in general. Mainly cuz I was getting tired of being right at the wrong time. Then I Tried futures & it was not bad, but still similar at the end of the day. HOWEVER while I was doing Futures, I would come back & look at the charts of Forex. Since I started with Forex I have some sort of endearment to Forex.Futures is more Day Trading style set-ups for me. My futures trades usually last 10-20 minutes. Then I said to myself "Let me start treating Forex more as a swing trading & keep futures as a day trading style."

Do I get the entries daily? No, but I also spend very little time on my charts. Once my order is triggered I go on about my day/week.

I basically started trading Forex again ( EURUSD or USDJPY ) to be exact, and just buy/sell on daily zones that seem of interest. I could care less if it went up or down intra-day, but I found that by doing this I was actually right wayyyyy more often & without looking at my charts, or worrying about the craziness that comes with M5-H1. Sometimes I would even forget I had a trade open.

Let me give you an example. Let's say last week you bought UJ at 146 - who cares what could happen in between, but you're willing to close the trade once it reached 151. It did take about a week to hit, but you honestly did not even have to look at the charts. Meanwhile many are scrambling going and back & forth, while you where just chillin on the way up & got 5,000 ticks lol

Being away from Forex, & doing Futures, just taught me that many of my failures in Forex where from trading this sh*t show at lower time frames ( which have become more difficult in my opinion) but if you go to a D1 you can actually get some good & very profitable wins. You just have to be a little patient. Basically you're entering where the major institutions have interest. You dont even have to draw a million trendlines, or use any indicators etc. Because the Higher Time Frame targets remain the same, it's just the "in-between" that has gotten a but more complicated to make sure the market continues making its profit lol

Hey even if it's not a main income, to have a few trades running while you sleep, can never hurt. Turning it into a Hobby like someone else mentioned & not looking at it so serious, or having negative emotion from it might make you trade even better.

If you want feel free to shoot me a msg & I can explain a little more on how I go about it.

At the end of the day "Once a trader, always a trader" so wish you the best on whatever you decide.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #28
  • Mar 28, 2025 3:44am Mar 28, 2025 3:44am
Anyone who trades long enough (with real money) eventually will find that manual short term trading is not sustainable in the long run.

It's better to follow the natural progression in the trading world and to upgrade your skills to sufficient level where you understand the market dynamics.
And then you make the move to automated trading! It's the only way to grow.

Much better to spend your time coding, developing and backtesting automated systems than to waste too much time staring at charts and reading news.
Learning to code allows you to discover a whole other world of possibilities.

It has never been easier. There is so much free open source everywhere, thousands of free tutorials in youtube, and many AI bots and programs that can do over 80% of the work with simple instructions.
  • #29
  • Mar 28, 2025 4:28am Mar 28, 2025 4:28am
Quoting alphaomega
Anyone who trades long enough (with real money) eventually will find that manual short term trading is not sustainable in the long run. It's better to follow the natural progression in the trading world and to upgrade your skills to sufficient level where you understand the market dynamics. And then you make the move to automated trading! It's the only way to grow. Much better to spend your time coding, developing and backtesting automated systems than to waste too much time staring at charts and reading news. Learning to code allows you to discover...
That is just the truth!
How perfectly goddamn delightful it all is, to be sure.
Portfolio All Time Return: na
  • #30
  • Mar 28, 2025 10:33am Mar 28, 2025 10:33am
Quoting alphaomega
Anyone who trades long enough (with real money) eventually will find that manual short term trading is not sustainable in the long run. It's better to follow the natural progression in the trading world and to upgrade your skills to sufficient level where you understand the market dynamics. And then you make the move to automated trading! It's the only way to grow. Much better to spend your time coding, developing and backtesting automated systems than to waste too much time staring at charts and reading news. Learning to code allows you to discover...
The problem is your bots don't think as well as you do when push comes to shove. They are purely mechanical. This has its benefits but also shortcomings.
Learn from your mistakes and march on.
  • #31
  • Mar 28, 2025 1:31pm Mar 28, 2025 1:31pm
Quoting here2there
After years in the Forex market, I’ve decided it’s time to walk away. Yes, I’m leaving. The chaotic and irrational price action has worn me down. It’s no longer something I enjoy. At this point, I honestly can’t stand this market. Will I keep trading? Probably. But not Forex. This market just doesn’t make sense to me anymore, and because of that, it no longer makes sense to be on Forex Factory. To all my friends and trading buddies, I genuinely wish you the best. And to the ones who didn’t treat me right, I wish you the best too—just not quite as...
Hey man, long time no see. I hope life is treating you good!

Well it's ok to quit/take a break or start doing new things. You are what matters afterall. Money comes and goes, success comes and goes but you remain. So anything that turns toxic/frustrating whether its trading, another business or relationship we better just cut it off.

Inserted Video


I'm not suggesting you stop doing what u love just bc it gets frustrating but, if the love is not there anymore it's better to move on
You have to have an IQ higher than 90 to interact with this user.
  • #32
  • Mar 28, 2025 2:37pm Mar 28, 2025 2:37pm
Quoting Nordling
{quote} Hey man, long time no see. I hope life is treating you good! Well it's ok to quit/take a break or start doing new things. You are what matters afterall. Money comes and goes, success comes and goes but you remain. So anything that turns toxic/frustrating whether its trading, another business or relationship we better just cut it off. https://www.youtube.com/watch?v=LrYddXUfjm4 I'm not suggesting you stop doing what u love just bc it gets frustrating but, if the love is not there anymore it's better to move on
I think the issue is that many retail traders end up quitting, because they never got proper education and experience to start with. The problem is that everyone is glued to "technical analysis and day trading" and we all know that is not sustainable and you can't be doing it like that to make money consistently. You have to pay attention to economy and fundamentals and by applying that into the trading, it has been proven on longer term that it does work and it will make you money. FF and any retail trading threads is not a place to learn to do this business professionally. Unfortunately many people on FF will never understand that.
  • #33
  • Mar 28, 2025 3:08pm Mar 28, 2025 3:08pm
Quoting Terminalf12
{quote} I think the issue is that many retail traders end up quitting, because they never got proper education and experience to start with. The problem is that everyone is glued to "technical analysis and day trading" and we all know that is not sustainable and you can't be doing it like that to make money consistently. You have to pay attention to economy and fundamentals and by applying that into the trading, it has been proven on longer term that it does work and it will make you money. FF and any retail trading threads is not a place to learn...
Don't assume you know more.
Learn from your mistakes and march on.
  • #34
  • Mar 28, 2025 3:09pm Mar 28, 2025 3:09pm
Quoting Nordling
{quote} Hey man, long time no see. I hope life is treating you good! Well it's ok to quit/take a break or start doing new things. You are what matters afterall. Money comes and goes, success comes and goes but you remain. So anything that turns toxic/frustrating whether its trading, another business or relationship we better just cut it off. https://www.youtube.com/watch?v=LrYddXUfjm4 I'm not suggesting you stop doing what u love just bc it gets frustrating but, if the love is not there anymore it's better to move on
Thanks bro. Hope you are doing well, too.
Learn from your mistakes and march on.
  • #35
  • Mar 28, 2025 5:34pm Mar 28, 2025 5:34pm
Quoting here2there
{quote} Because it's not worth it. The Forex market is absolute garbage. And it's doubtful anyone on here is actually making a living from trading this market.
It is possible brother!
  • #36
  • Mar 28, 2025 6:07pm Mar 28, 2025 6:07pm
Quoting here2there
{quote} Don't assume you know more.
I never said I know more or less. I pretty much wrote, and I am sure many people will understand what it means. Show me one person online, who came to these threads, learn to trade professionally and made a full time career out of it. From my personal experience I have not seen any. There are retail traders out there that are doing this business successfully and make full time income, but they got education and experience from professionals that actually worked for institutions as traders or still work as traders. If you disagree that is fine, but from my experience, I stand by what I wrote. Maybe someone can prove this statement wrong. This is like any business, opening up a restaurant, is challenging at the beginning, but if you learn from the successful people you will be successful. Look at how people in trading industry do well, and go to that source, learn from them, emulate them, and you will do well. None of people will learn to trade full time successfully by reading these threads, or by following some youtuber online that shares their charts, and rented houses and cars. It is a totally rubbish and nonsense. Take a look at Goldman Sachs, JP Morgan, Bloomberg and bank analysts, what do they do every time they are live on tv they talk about what: Fundamentals, data, numbers, after having all the data, than you go to charts to see where you buy/sell trade or invest. You can't be successful on long term if you are only looking at the charts, it never worked, and it never will. Day traders at the banks is totally different to what retail traders are trying to do as day traders. Going below one hour chart for us retail trader is a failure. Where we have a chance is going up on daily, weekly, monthly, but with a source which is DATA. You take the fundamentals out, all the economy data out, and you would see those fancy candlesticks just fall down to zero. If you decide to quit I wish you all the best, I just think personally that you just need a break and you should come back and go to the right source and learn this business. You can do it, you just have to go to the source and find successful people. That is all I am saying. You can do it.

It's like any industry out there, find the players who win, and do what they do.
  • #37
  • Mar 28, 2025 9:21pm Mar 28, 2025 9:21pm
I don’t know if this helps for you to know but I can’t even tell you how much money I have lost trying to learn trading Forex, many thousands in USD. Over 100K USD for sure. I’m still not at breakeven lol. I admitted it, I’m not sure if others will. What I’m trying to say is, you’re not alone.
  • #38
  • Mar 29, 2025 2:16am Mar 29, 2025 2:16am
Quoting here2there
{quote} Don't assume you know more.
You assume if you can't do it, nobody can...what an ego. lol

I remember you from few years ago when you were lecturing (and attacking) me why I am short on EU above 1.23 and that it will definitely go up from there. You and 2 other guys...now 2 of you are out, only Nordling made some progress.
Everyone can see the chart, but only a few can actually read it.
  • #39
  • Mar 29, 2025 2:47am Mar 29, 2025 2:47am
Quoting OnlineAddict
{quote} You assume if you can't do it, nobody can...what an ego. lol I remember you from few years ago when you were lecturing (and attacking) me why I am short on EU above 1.23 and that it will definitely go up from there. You and 2 other guys...now 2 of you are out, only Nordling made some progress.
There are a lot of winning strategies, really. I don’t use indicators for signaling at all, but I just put one public indicator on my chart today, after many years of looking at considering the same strategy years ago, and before, having the same tools, minus the wisdom, I see the great power of the indicator now that I didn’t see before. What I’m trying to say is, I think it’s normal for things to take many years because it takes many years to develop maturity and wisdom, especially to people like me that can be dense or even stupid with some things. Now isn’t the time to leave it, because you’ve already done much of the hard work, the pain, etc. Just keep going, because I’m shocked that I could have figured it out so easily many years ago looking at the same indicator I put on chart that I put on chart many years ago. It takes most of us, I think several many years to develop maturity and wisdom to see things that we didn’t see before, even while looking at the same damn thing as before.
  • #40
  • Edited 7:57am Mar 29, 2025 4:52am | Edited 7:57am
Quoting Terminalf12
{quote} I think the issue is that many retail traders end up quitting, because they never got proper education and experience to start with. The problem is that everyone is glued to "technical analysis and day trading" and we all know that is not sustainable and you can't be doing it like that to make money consistently. You have to pay attention to economy and fundamentals and by applying that into the trading, it has been proven on longer term that it does work and it will make you money. FF and any retail trading threads is not a place to learn...
There's a big information pollution in the internet because of the so called gurus who try to make money off of selling courses or making youtube videos. Which is making things harder for us retail traders. Most of us retails lost so much time, money and effort listening to them when we were new to trading. Including myself

Similar to what you said, I also found success & consistency using the fundamental/macroeconomic approach. Of course it was a tough journey, tried & changed many approaches along the way. I used to be a long term position trader and made monthly/weekly analysis but now i'm just daytrading the news events. Trading just once or twice a week but doing it in a short span of time. This way it doesn't afffect my daily life and keeps me from overtrading. And most importantly, it protects my money from the unpredictable risks of the market.

It's like being a sniper, most of the time i'm just watching the markets from a safe distance and only take a shot when the time is right And the success rate went up drastically.

I used to be way more cocky, telling people what to do but since i'm just another mortal who makes mistakes every now and then, i stopped correcting people.

And it's a big world we are living in, i think there's room for every approach. Few days ago i saw a guy who coded an algo that sells stocks that gained 10% and buys the ones that made 5%. It didn't make sense to me but made sense to him, and he actually made money after selling and buying many stocks.

Now only advice i can give to others is "don't expect different results by doing the same things over and over again" like Einstein said.
You have to have an IQ higher than 90 to interact with this user.
0 traders viewing now