DislikedGuys.... My point is lets keep the thread clean... If you see a post for someone looking for something or a different way you trade it... no problem but please PM them alone... thanks... Lets build this so we can help as many traders as possible because they all have money and time invested and they need to make money for their efforts. Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep...Ignored
Today I received another bad news. A member who have been active in Forex Factory since 2009 has decided to give up trading. He has stopped believing in Trading Made Simple after trying for more than 16 years. He had never fully read, studied and taken notes of all the OP posts. He did not figure out why @eelfranz had chosen this thread' title "Trading Made Simple" when he made \the jump from his old thread.
This post #495 above is not for beginners and new traders to this thread. But if you spend 5 to 8 hours everyday for the next 2 to 3 years, you will make it to become successful in trading and be able to generate a positive cashflow to supplement your day job income.
Think of when its time for you to retire and still be able to generate a positive cashflow income in your retirement years.
It is not true that 95% of traders lose money. The actual number is much lower. Do your own research and study on this .
There are many reasons why retail forex traders here lose money.
We ask the FF members and there are lots of reasons which you will fall in those categories.
90% of traders lose money
https://www.forexfactory.com/thread/...-true-or-false
98% of all day traders lose money
https://www.forexfactory.com/thread/...y-traders-fail
99% of traders lose money
https://www.forexfactory.com/thread/...ers-lose-money
99.9% of traders lose money
https://www.forexfactory.com/thread/...-no-discipline
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett