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Tired of losing money in forex

  • #61
  • Jun 27, 2008 10:14am Jun 27, 2008 10:14am
Fx Richard, you said I can get it free. Please, I am interested in it.
Fxtrader 2, I typed scalper.com but saw another thing (sport) not forex
  • #62
  • Jun 27, 2008 10:19am Jun 27, 2008 10:19am
Quoting kenny123
Fx Richard, you said I can get it free. Please, I am interested in it.
Fxtrader 2, I typed scalper.com but saw another thing (sport) not forex
pm sent
  • #63
  • Jun 27, 2008 4:15pm Jun 27, 2008 4:15pm
Quoting robertsonakp
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".
Thank you. Please, which is the mathematical method of trading? Is it Support and Resistance?
  • #64
  • Jun 27, 2008 5:05pm Jun 27, 2008 5:05pm
Look at a monthly chart and noticed the trend. If you can find a weekly, daily and 4H chart going in same trend direction, guess which direction you should be trading.

Learn trend trading. Also notice how many traders here have trend trading under their user names.

Wish you many pips
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #65
  • Jun 28, 2008 9:26am Jun 28, 2008 9:26am
Kenny123
you come in here with a request like you have and the sharks start circling...... Please BE Careful.... they are more than happy to eat you alive.
Also read this list.... it is excelent.
Same Whore .... Different Dress
  • #66
  • Jun 28, 2008 9:38am Jun 28, 2008 9:38am
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.
stop trading if you are tired of loses cos no one really winner in trading will talk the secret how they do trading for living or back to demo acc for five month if you can profit you can go to real
  • #67
  • Jul 1, 2008 2:13am Jul 1, 2008 2:13am
Hey, bud. Just wanted to say I was in the same boat you were last year, just keep learning and you will get there. Keep it simple, trade on the daily and use very basic support and resistance lines. Hard to go wrong here. Oh and read Billy Ray's thread. He posted early on in this thread with a link. It's awesome, with that thread you won't need a mentor. Just read and learn as they trade and post their trades.
  • #68
  • Edited 10:15am Jul 2, 2008 10:00am | Edited 10:15am
Thanks, this advise is very useful +other pieces of advise. I am now using H4, D1 and weekly charts and I'm getting better with that. I think my emotion was what was killing me.

Quoting CTGUY
Look at a monthly chart and noticed the trend. If you can find a weekly, daily and 4H chart going in same trend direction, guess which direction you should be trading.

Learn trend trading. Also notice how many traders here have trend trading under their user names.

Wish you many pips
  • #69
  • Jul 2, 2008 10:04am Jul 2, 2008 10:04am
Quoting johnedoe
Kenny123
you come in here with a request like you have and the sharks start circling...... Please BE Careful.... they are more than happy to eat you alive.
Also read this list.... it is excelent.
I cried out because the sharks have been eating me alive many times. So, I need a rescue
  • #70
  • Jul 2, 2008 6:42pm Jul 2, 2008 6:42pm
Quoting kenny123
I cried out because the sharks have been eating me alive many times. So, I need a rescue
But you don't know for sure which of us are another shark hungry for another piece of you. So caution still needed. And good luck.
  • #71
  • Jul 2, 2008 7:25pm Jul 2, 2008 7:25pm
I joined the Zorro Matrix group on TSD. In my opinion, Igor has a very good trading system and money management rules.
  • #72
  • Jul 2, 2008 7:28pm Jul 2, 2008 7:28pm
i'm with the same problem..i'm almost giving up
  • #73
  • Jul 2, 2008 9:08pm Jul 2, 2008 9:08pm
Quoting ingridk
i'm with the same problem..i'm almost giving up
"Next Stop! Self Confidence Crossing. Please ensure you have ALL your Cargo as you {Dis}Embark."

All Those that have Gone Through The Mill & are still Onboard, Please prepare yourself for the Next Launch.

ps: You are {almost} past being a Rookie. Survive a couple more levels of these self inflicted wounds and you MIGHT be a 'Trader'.

Hang in there if you can!
  • #74
  • Jul 2, 2008 9:54pm Jul 2, 2008 9:54pm
I dont know if anyone menioned this here or not but allot of users swear by the James16 club. It is something liek 128 a month which is very resonable and you can learn to trade from successful people. I never tried it, i hate trading with bars but you might find something useful. Theres a free thread somewhere here on the forums.
  • #75
  • Jul 3, 2008 2:32am Jul 3, 2008 2:32am
Quoting kenny123
I've not had a mentor. I've read babypips and a lot of materials. As you know there are a lot of materials online, but I still think i need a mentor to guide me through. This will improve my confidence in any strategy I am using.
1 year is not enough. It took me much longer to become even remotely profitable after losing my shirt in the initial 18 months.
  • #76
  • Jul 3, 2008 2:44am Jul 3, 2008 2:44am
Quoting ingridk
i'm with the same problem..i'm almost giving up
you join forexfactory just one month before and saying almost giving up ?
So early giveup ?
When you started FX ?
  • #77
  • Jul 3, 2008 9:42am Jul 3, 2008 9:42am
Quoting ramdas
you join forexfactory just one month before and saying almost giving up ?
So early giveup ?
When you started FX ?
about 5 months ago..and i still cant make any profit.
  • #78
  • Edited 10:13am Jul 3, 2008 10:11am | Edited 10:13am
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?
Before you go overboard and actually PAY SOMEONE, consider some online video demonstrations
on how to use such indicators as

♦ Fibonacci retracements ALONG WITH Fibonacci arcs

♦ The Andrews Pitchfork

Some sites run webinars -- I'm sure that a quick Google search of
forex video will yield a few results.

This is of course in addition to any decisions you make regarding Money Management, which will also help you in the long run.

Personally, I think you ought to read the link in my sig about a "mission statement" -- it might inspire you while at the same time narrowing your focus and helping you choose a strategy or two.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #79
  • Jul 3, 2008 10:35am Jul 3, 2008 10:35am
Quoting ingridk
about 5 months ago..and i still cant make any profit.
Giving up because you can't make a profit after 5 months - is this for real?

If you were training to be a brain surgeon, would you expect to be performing operations after 5 months?

..........probably best not to answer.

5 months is no time at all - start worrying a bit more if you are still struggling after 5 years!!

M
  • #80
  • Jul 3, 2008 10:39am Jul 3, 2008 10:39am
Quoting ingridk
about 5 months ago..and i still cant make any profit.
Just register in my private forum, i will give you free access to member's area.
and see wonder. you will give me thanks 100time for this advise.
you will feel like

http://forextradingwithsma.forummotion.com/index.htm

I Created forum for traders with atlest 1.5 to 2 year's experiance in FX ...but somehow i am giving you access.
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