Maybe it won't happen to me ? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Euro to 1.2978 and maybe long term uptrend??? 10 replies

is this a ridiculous idea ? maybe i'm losing my mind ! 21 replies

How to make Forex better - and maybe save it from the regulators 21 replies

Electric near zero UPL...Maybe he can get flat this week! 0 replies

Maybe it won't happen to me ?

  • #21
  • Sep 20, 2007 4:50am Sep 20, 2007 4:50am
Quoting maor_i
I'm now almost 25 years old. I started my so-called journey 1.5 years ago. And yes, I can honestly say that i'm truly obsessed with trading. Who assures me that I won't wake up one day 32 years old + 2 children still trying to figure out how the hell to trade profitably ? No one.
When I look back on my 20s, I wonder why I wanted to yield results in haste. After I resigned as police officer, I used to work at a factory and used to study and take the national bar examination four times LOL(at that time, in Japan, even if people didn't graduate from a law school, people could take the national bar exam).
Although I'm now 34 years old, if I can still use the words, man grows wiser with age, don't meet trouble halfway. Again, go ahead and make a miracle. What would you lose if you failed?
Peace and Happiness through Prosperity (by Konosuke Matsushita)
  • #22
  • Sep 20, 2007 4:57am Sep 20, 2007 4:57am
Sorry to say that some people will NEVER succeed in forex.

My point is that it's not the method that counts, it is the trader.

A method can work for someone and fail for other and another method can fail for the 1st someone and work for the other.

You can be a very successfull trader using simple 5/8 MA cross and make a living out of it. I personnaly cannot. I use stochastics which is my way of trading but fail for others.
  • #23
  • Sep 20, 2007 5:08am Sep 20, 2007 5:08am
Quoting Yoda_Glenn
4. Remember, FX trading is a business, and like all businesses, you will have days of gain, days of no gain, and days of even loss. Obviously, over the long run, your gains must be greater than your days of no gain or loss. Going into business for yourself means that you must be able to handle the PRESSURE of uncertainty. Learn to deal with this pressure, and not make a big deal of it.
I quite agree. Well, in Japan, even a major company president must offer personal guarantee as collateral to his main bankers. I am also trying to act out the idea through my FX trading.
Peace and Happiness through Prosperity (by Konosuke Matsushita)
  • #24
  • Sep 21, 2007 6:07am Sep 21, 2007 6:07am
Quoting findcount
please tell me it's untrue..........!!!

why people still want to trade forex when it's so hard ?
So why people want to become a doctor, an engineer, a lawyer or an architect if you gotta study your ass off for 6 years? Did you actually believe trading was any different than all the other professions? did you believe you could make hundreds of thousands of dollars off the markets after just one year?
  • #25
  • Sep 21, 2007 8:29am Sep 21, 2007 8:29am
Quoting findcount
please tell me it's untrue..........!!!

why people still want to trade forex when it's so hard ?
It's easier than coal-mining
  • #26
  • Sep 21, 2007 8:59am Sep 21, 2007 8:59am
Quoting Mr Trend
This line of thought is the reason why we have a 95%... IOW, traders can't/won't accept their own actions.

Hey! I have no issues with my trading (trading stocks currently), personally I have no live experience with FX since I have not found a favourable broker yet. My comment was just meant as a suggestion regarding something I have heard a lot of people complaining about.
  • #27
  • Sep 21, 2007 9:04am Sep 21, 2007 9:04am
I would say maybe take a break for awhile. If you've been going at it hard for 1.5 years you likely need one. I know I'm just coming back from a almost 2 month break. I have about as much time in as you but I was going at it hard putting in 10-12 hour days when I had the chance, reading, going over charts etc. Sometimes you are just to close to the problem to find a good solution and need to take a step back to get a better look.

But I would agree it's not a quick easy venture trading and it's going to take awhile before you really get to the point you want (if ever), just remember the tortoise wins the race, just keep trudging along. And little by little you'll get there.
  • #28
  • Jan 6, 2008 11:24pm Jan 6, 2008 11:24pm
Quoting Yoda_Glenn
1. FUNDAMENTALS! FUNDAMENTALS! FUNDAMENTALS! I think most new FX traders fail so much because there are so many pure technical analysis snake-oil salesmen out there. I think people find pure technical analysis to be sexier than fundamental analysis, and this, I believe, is a problem for newbies. I'm not saying that there aren't any successful pure technical traders, but pure technical analysis is like racing a motorcycle down a highway at night....with your head light off.
Couldn't agree more. The challenge is to keep track of the oodles of info and data, and misinformation, the market psychology, etc, etc... without getting altogether confused. I would say this is often what people call their turning-point: the ability to look at the chart (technical analysis) and balance that with various political and economic pieces of information in order to find the right trade. Add to this the necessary experience that will allow you to get a feel for how some events affect price movement on a psychological level rather than a "logical", i.e. fundamental level.

I'm pretty sure that even those who do "pure" technical analysis are very much adding fundamental analysis in their systems - they just quantify it in a formal way.
  • #29
  • Last Post: Jan 6, 2008 11:37pm Jan 6, 2008 11:37pm
OR you may want to just get at less 4 indicators. that you fell well let you know when trend is coming or continue.

more you do more you know what going to happen.

good luck.

I using Aroon, ADX, W%R, and MACD those four indicators.
0 traders viewing now