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Help! What is the actual holy grail in forex? I'm tired of losing 89 replies

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Tired of losing money in forex

  • #41
  • Jun 27, 2008 7:46am Jun 27, 2008 7:46am
Quoting kenny123
I'm tired of losing money in Forex. I need a 1-on-one paid experienced mentor who will carry me along with his trading strategies and skills.

If you don't mind seating and wating and trade 1-2 trades a day like me then join www.snpscalper.com or join happyforex where there is lot of action but not much descipline. I am very happy with snpscalper so far. Not for everyone very slow but hardly losing trade.
  • #42
  • Jun 27, 2008 7:48am Jun 27, 2008 7:48am
Quoting kenny123
Thanks to every one.
What do you see about this idea that I gathered.? In order to automate your strategy, place sell stop some pips below the previous day's low, and buy stop some pips above the previous day's high. Place stop loss, trail your stop and forget.
Can I take this as a strategy and apply it to all the pairs 'am trading at the beginning of a session?
you can, but i am a trader who is a fan of gbpusd, so meanly i use it for this currency. informedtrades.com is a very good site with lessons and video 's for the beginner with an explanation what fundemental and technical the markets moves.
  • #43
  • Jun 27, 2008 7:49am Jun 27, 2008 7:49am
Quoting fxtrader2
If you don't mind seating and wating and trade 1-2 trades a day like me then join www.snpscalper.com or join happyforex where there is lot of action but not much descipline. I am very happy with snpscalper so far. Not for everyone very slow but hardly losing trade.
What you have to pay $100 to join that site??? If you want to learn how to scalp for FREE let me know

Edit: Not $100 but 100GBP hmmmm
  • #44
  • Jun 27, 2008 7:54am Jun 27, 2008 7:54am
Sorry guys, dont mean to be cynical but the dialogue bewteen kenny123 and cityhunter sounds like sales pitch for newbies.


"K: I'm frustarted of losing and wand somebody to take me bythe hand

C: I know how to trade profitably and already train 111 other guys, but if you want I still have time to give you a one to one demo here in the forum.

K: Really? And it doesnt cost me a penny until I'm in profit

C: Of course it doesnt, we'll agree everything by handshake over the
internet. Do you have skype for personal one to one tution? (Actually, sod skype, we'll keep going here on the forum may be somebody will get interested)

K: Fantastic, let's get started

C: Look at my indicators, look at my indicators nothing else but my indicators....

K: Wow, that looks complicated, must be a really sophisticated way of trading.....

C: yes, indeed

K: Ok, if I do this and this and that then I dont have to be afraid anymore?

C: That's right, here's a website btw."






Yeah right...but it has entertainment value
Be like a post stamp! Stick to it until you get there!
  • #45
  • Jun 27, 2008 8:04am Jun 27, 2008 8:04am
Quoting fxRichard
Edit: Not $100 but 100GBP hmmmm


Nice one that you noticed that, ever since cityhunter said "hoi kenny" I thought that he was a Brit.
Be like a post stamp! Stick to it until you get there!
  • #46
  • Jun 27, 2008 8:06am Jun 27, 2008 8:06am
  • #47
  • Jun 27, 2008 8:14am Jun 27, 2008 8:14am
Don't use indicators, only price action!
Don't try to predict.
Buy strength sell weakness.
Buy high sell higher and vice-versa.
Patience.
Money management.
Discipline.

later edit: Add to winning positions.
  • #48
  • Jun 27, 2008 8:17am Jun 27, 2008 8:17am
Quoting cityhunter
hey asewhole,

I gave my strategies freely on the forum. Before you comment somebody look at the messages. Or do you need glasses. Nobody has to pay me. come on show what you got. if you easy comment somebody, you can also show some stuff or else shut the fuch up. i learned that guy stuff that i use, what have you done for that guy?

greetz cityhunter
who are you talking to

Edit: Ok, I see now, must have been edited
  • #49
  • Jun 27, 2008 8:50am Jun 27, 2008 8:50am
It is hard to understand your question, because it sounds like you don't know how to set goals. The market is a long term business. When I read or listen to those that are making "a living in Forex". They have taken the time to learn, meaning at least ten years and more.


This my second year of learning. By the way I am reminded of what Constance Brown, the author of "Technical Analysis DeMystified" writes. The first is having the ability to open and close a trade does not make me a trader. The second is that while I am learning the Craft. "It is money management that will keep you in the game, while you are learning."

My goal is simple, I understand this opportunity as a long term investment for my life.

Why?

Because when I am ninety, I will still be trading forex from my home, meaning that I will have the ability/know-how to create/Craft a monthly income of at least 25k.


Once you are done following a teacher. You will still be require to know and to follow your own voice, thus creating your own Way.

Good luck, Kenny123
  • #50
  • Jun 27, 2008 8:55am Jun 27, 2008 8:55am
phloid has right you can learn the indicators and the fundemental analysis from us, people who already make there living for brokercompagnies or for there own. But it is time and you 're own experience that will make you a successfull trader.

greetz cityhunter
  • #51
  • Jun 27, 2008 8:59am Jun 27, 2008 8:59am
Quoting strada
With all due respect (that's a joke btw) mary pippins had you sussed totally. You have come from nowhere and all of a sudden all this apparent help for your stooge kenny 123 who doesn't seem too interested in any of the other very worthwhile advice from others. Don't insult our intelligence any further, your game is obvious, it now remains to be seen how long it takes before you end up in the recycle bin where you belong. have a nice day.
mate - thanks and i kind of see it better now - what a waste of my time and advice - but nonetheless - hopefully some newbies read it
  • #52
  • Jun 27, 2008 9:04am Jun 27, 2008 9:04am
Quoting cityhunter
hey asewhole (mary pippins),

I gave my strategies freely on the forum. Before you comment somebody look at the messages. Or do you need glasses. Nobody has to pay me. come on show what you got. if you easy comment somebody, you can also show some stuff or else shut the fuch up. i learned that guy stuff that i use, what have you done for that guy?

and something els i am not from britain.

greetz cityhunter
Yeah, yeah, keep your hair on mate all your insulting does is proving that I hit the spot.

Shows also how immature a person you are to get all upset over it, which doesn't exactly strike me really as a pro-trader trait.

But her's a little piece you can take with you:
On this forum it wont save someone from getting banned because they claim to handle a 500 000 euro account but they do get banned if they start insulting others. "Sorry"

You handle 500 000 Euro? Pfff....you can't even handle yourself.
Be like a post stamp! Stick to it until you get there!
  • #53
  • Jun 27, 2008 9:09am Jun 27, 2008 9:09am
Quoting Mary Pippins
Yeah, yeah, keep your hair on mate all your insulting does is proving that I hit the spot.

Shows also how immature a person you are to get all upset over it, which doesn't exactly strike me really as a pro-trader trait.

But her's a little piece you can take with you:
On this forum it wont save someone from getting banned because they claim to handle a 500 000 euro account but they do get banned if they start insulting others. "Sorry"

You handle 500 000 Euro? Pfff....you can't even handle yourself.
you 're the greatest man. but i am going the close my long positions (buys) on gbpusd that is the only thing that matters for me. taking and saving the profit of the week. by. having a discussion with you makes the week less boring.

greetz cityhunter

Greetz cityhunter
  • #54
  • Jun 27, 2008 9:11am Jun 27, 2008 9:11am
don't trade with market makers find the exchange ones for urself like berkeley if u trade with market makers ull 90% or more times lose.
  • #55
  • Jun 27, 2008 9:29am Jun 27, 2008 9:29am
Quoting fxRichard
What you have to pay $100 to join that site??? If you want to learn how to scalp for FREE let me know

Edit: Not $100 but 100GBP hmmmm
thanks . I want to but I have to know how many trades you have taken last week and how many you got right. for example eurjpy how many pips stop loss.
  • #56
  • Jun 27, 2008 9:52am Jun 27, 2008 9:52am
Quoting fxtrader2
If you don't mind seating and wating and trade 1-2 trades a day like me then join www.snpscalper.com or join happyforex where there is lot of action but not much descipline. I am very happy with snpscalper so far. Not for everyone very slow but hardly losing trade.
But I'm afraid of scalping, as we all know that is dangerous.
  • #57
  • Jun 27, 2008 9:52am Jun 27, 2008 9:52am
BillyRay, The post you made earlier (#18) was very good. A requirement for all beginning traders. A word to the wise, though. Beware, even long time, successful traders must remain vigilant. I find myself "messin" up about once a week on something from the list. Trade well & prosper.
Hej.
  • #58
  • Edited 10:18am Jun 27, 2008 10:00am | Edited 10:18am
i have been LIVE-trading forex for almost 2 years now, i am feeding from forex money cos it is my full time job, i manage account for few persons, i want to tell you that it demands hardwork, discipline, courage and determination to excel in this forex world. I did not go to any forex school and neither was i taught by any mentor, i learned it all on my own.
i was almost fraustrated out during my demo trading period and the period of my first live investment, not until i had my breakthrough by my own self effort and determination and now i've gotten to a stage i can no longer loose a dime, provided i dont go against my trading rules.
firstly, you just need to be teknically and fundamentally sound about all d intricasies involved in the market and you can only do dat by daytrading for at least a full month.
secondly develop a system 4 urself during dat period . strictly follow dat system comprehensively with discipline and courage,endeavor to improve it where there are lapses,the system must have tactical approaches to various situations, currency(ies) and price actions.
thirdly be inteligent in apllication of your system(s),at times you just have to be mathematical about it.i culd give you ways on how you can be matematical about the market if u ar interested.you have to be matimatical wit d market cos its d greatest dribbler i ever know.
fouthly money management is greatest of all. i personally tell people i will never go for jackpots and i dont make profit on everyday basis and i will either not believe anybody who tells me that !.I day trade, scalp and swing trade. swing trading(leaving trades for days) carries 60%, day trade(opened and closed same day) 30%, Hedging 5% and scalping carries 5% of all my trading.
Well there are still too many things but i hope i have made a little sense here, BUT WITH ALL YOU JUST HAVE TO STILL BE SIMPLE WITH THE MARKET BUT DEAL WITH D MARKET IN A COMPLEX WAY COS D MARKET I MUST TELL YOU IS COMPLEX!



"DONT GIVE UP"
"LOOSERS ARE THOSE WHO QUIT".
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #59
  • Jun 27, 2008 10:00am Jun 27, 2008 10:00am
Quoting kenny123
But I'm afraid of scalping, as we all know that is dangerous.
Just as dangerous as any other style, whether you know how to scalp or know how to trade daily charts it doesn't matter, you can be successful either way. Personally I like to minimize my time in the market...
  • #60
  • Jun 27, 2008 10:02am Jun 27, 2008 10:02am
Quoting kenny123
But I'm afraid of scalping, as we all know that is dangerous.
He does not scalp even though he calls it scalper.com. yesterday he shorted ej just one trade. He may still offer free trail I dont know.
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