Most of you who are reading this thread have trouble trading forex profitably, or are in a great psychological pressure. You have lost a lot of money in forex and want to get it all back. You have put a side your family and friends and spent many hours a day trying to learn forex. You find a system and trade it in demo and get excited because it’s doing good in demo and then when you go live everything turns in to disaster. Every time you make a new live account you think that this time you know what you’re doing. You hop from one system to another hoping to find a system that will work 80% of the time. But did you ever look back and question why is it that every time you find a system and demo it for couple of days and once you trade it live the system stops working? Why is it that systems work for a while and then stop working?
Forex or any other trading market has their own behavior and psychology. They change constantly, they never stay the same. We have different kinds of markets, trend, range, choppy... etc. The reason why most people lose money in trading is because we intend to think about the market just like any other business in reality. We always think logically and everything has to make sense. In forex 2 + 2 isn’t 4… you can’t draw a channel line and expect the market to fall after the break of the channel.
You always hear from profitable traders, “ Find a system that works for you”, “ have discipline”, “money management is important”, But when you do all these things you still fail, Because they don’t explain why you need to find a system that works for you or why you should have discipline…
Did you know that you can become profitable from only using two moving averages? Did you know why when someone is using a system and is profitable and he gives you the system and you lose money?
Here is how
1. Find a system that fits with your personality, and the way of trading.
2. Money management is important
3. Discipline
Make a demo account and keep on trading with the system, if it failed keep on trading with it, don’t ever give up. .. Then you will start to notice something. You will start to open trades and without any explanation you close the trade. You’ll understand the market behavior in a way which you won’t be able to explain it in words. You will feel when to get in and when to get out without any reasonable or logical explanation. Sometimes when the system gives you a signal you won’t take it…
“People who give up they just don’t realize how close they were to success.”
Forex or any other trading market has their own behavior and psychology. They change constantly, they never stay the same. We have different kinds of markets, trend, range, choppy... etc. The reason why most people lose money in trading is because we intend to think about the market just like any other business in reality. We always think logically and everything has to make sense. In forex 2 + 2 isn’t 4… you can’t draw a channel line and expect the market to fall after the break of the channel.
You always hear from profitable traders, “ Find a system that works for you”, “ have discipline”, “money management is important”, But when you do all these things you still fail, Because they don’t explain why you need to find a system that works for you or why you should have discipline…
Did you know that you can become profitable from only using two moving averages? Did you know why when someone is using a system and is profitable and he gives you the system and you lose money?
Here is how
1. Find a system that fits with your personality, and the way of trading.
2. Money management is important
3. Discipline
Make a demo account and keep on trading with the system, if it failed keep on trading with it, don’t ever give up. .. Then you will start to notice something. You will start to open trades and without any explanation you close the trade. You’ll understand the market behavior in a way which you won’t be able to explain it in words. You will feel when to get in and when to get out without any reasonable or logical explanation. Sometimes when the system gives you a signal you won’t take it…
“People who give up they just don’t realize how close they were to success.”
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