Would you help me??? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What would you do if you got slipped by -20 pips? 5 replies

If You Didn't Need the Money Would You Still Trade? 15 replies

Would you sign up with a broker that spams you? 0 replies

Would you stop trading if you found better paying job?? 44 replies

Hi, I would like some help with an EA... thank you in advance... 4 replies

Would you help me???

  • #21
  • Jun 27, 2009 10:08am Jun 27, 2009 10:08am
Quoting pipmutt
That's probably your biggest mistake!

Realize that more than 98 out of a 100 of people who pump out the same old repetitive well-worn advice over and over ad nauseam, or who follow strategies and advice found on trading forums, lose money. Take a look any weekday and see how many people are logged in and reading the strategy threads, it's pitiful to see so many people chasing a dream but so very few ever likely to make it reality.

The majority lose, don't follow the herd or their mentality!
thx for the reply. i just got confused here. so do you mean that people should not reading strategy from this thread? off course many people read threads on FF to be a better trader by following the system that given by experienced trader who share their system,right?
so in your opinion ,what should I do as a newbie to be a successfull at forex trading? thx
  • #22
  • Jun 27, 2009 10:24am Jun 27, 2009 10:24am
Quoting ronald_fsm
hich system do you think should I use if I want use simple system?.(as simple as possible.) thanks for your attention.
No one can answer you this question.

- There is no simple system that makes trading easy.
- There is no "best" trading system
- No System that works for others will automatically work for you
- It takes much more than just a system to make money. -> Mindset
  • #23
  • Jun 27, 2009 10:29am Jun 27, 2009 10:29am
Quoting ronald_fsm
so do you mean that people should not reading strategy from this thread? off course many people read threads on FF to be a better trader by following the system that given by experienced trader who share their system,right?
Read whatever you like but look at it logically. If any of the strategies published around trading forums were all that was needed to become consistently profitable then why are so many people who follow them losing money?

95% of traders are on a mission to find a strategy, that's their sole focus. 95% lose. Is there a connection?

Most FF'ers will be up in arms when I say this but strategy (and by strategy I mean a system which gives you an indication when to buy or sell) is just about the least important aspect of consistently profitable trading and the more people who realized that, the less time, money, and energy they would waste.

Pick something really simple, the more obvious the better, it's unimportant what you choose at the start as you can improve on it later.

Grasp the simple concept of trading and condition yourself to have patience and discipline. Master those apsects and you'll make money regardless of which indicator or pattern you choose to trade.


Tjpld hit the nail on the head - "- It takes much more than just a system to make money."
  • #24
  • Jun 27, 2009 10:29am Jun 27, 2009 10:29am
Quoting Tjpld
No one can answer you this question.

- There is no simple system that makes trading easy.
- There is no "best" trading system
- No System that works for others will automatically work for you
- It takes much more than just a system to make money. -> Mindset
http://sluttyfringe.files.wordpress....9/01/bingo.jpg
The trend always ends.
  • #25
  • Jun 27, 2009 10:31am Jun 27, 2009 10:31am
Quoting Tjpld
Yeah Trading for a Living on a 200 Dollar Account. Come on....
One also has to consider the anual average salary in the country of residence, and the cost of living.
Probability Professor
  • #26
  • Jun 27, 2009 11:06am Jun 27, 2009 11:06am
Quoting ShamusFamous
http://sluttyfringe.files.wordpress....9/01/bingo.jpg
dear shamus,sorry i don't understand what's the picture meaning? thx alot
  • #27
  • Jun 27, 2009 11:11am Jun 27, 2009 11:11am
Quoting Tjpld
No one can answer you this question.

- There is no simple system that makes trading easy.
- There is no "best" trading system
- No System that works for others will automatically work for you
- It takes much more than just a system to make money. -> Mindset
thx tjpld, i agree with your statement.could you explain what kind of mindset we need in trading forex?
i read that many of traders use simple system but they could "trading for living" sometimes they don't use indicator either,is that true?
  • #28
  • Jun 27, 2009 11:33am Jun 27, 2009 11:33am
But in all honesty guys, I think an extremely large percentage of the learning curve in Forex is conquering yourself more than anything. It's pretty simple to gain experience via screen time whenever you want. Some people are naturally good at this, other's have to work at it. So to say it's going to take a few years is either highly conservative or very liberal.
  • #29
  • Jun 27, 2009 12:39pm Jun 27, 2009 12:39pm
They are not being conservative about their estimates of taking an extreme amount of time to be competent in the Forex Market. Anybody can open up an account and lose money.

If you are still intent on opening an account, try talking to phil838 at babypips. He started his account with $50. Don't start with all of your money.

You still need to learn about "Leverage and Margin" if you have not already. This guy phil838 is a great guy and gives good advice. You can learn alot from him.

And by the way when i stated earlier about using someone else's system i did not mean to do that with your live account. I only meant that to use a system, as there are so many out there, to learn from, not waste your money on in your live account.

I am not trying to send you away from this froum, i am only trying to match you up with a guy that started the way that i think you want to. I believe that you are going to open up an account anyway, why not learn from somebody who has already been where you are going. After speaking, or reading his threads, then venture back over here, as there is so much more you can learn.

About the mindset question read this book, "Trading In The Zone" by Mark Douglas, it is everywhere, i received it free for signing up to receive a newsletter.
  • #30
  • Jun 27, 2009 12:54pm Jun 27, 2009 12:54pm
Quoting ronald_fsm
dear shamus,sorry i don't understand what's the picture meaning? thx alot
Means that he thinks Tjpld's post is on the money. ("Bingo!")
  • #31
  • Jun 27, 2009 12:58pm Jun 27, 2009 12:58pm
Quoting rtv2
They are not being conservative about their estimates of taking an extreme amount of time to be competent in the Forex Market. Anybody can open up an account and lose money.

If you are still intent on opening an account, try talking to phil838 at babypips. He started his account with $50. Don't start with all of your money.

You still need to learn about "Leverage and Margin" if you have not already. This guy phil838 is a great guy and gives good advice. You can learn alot from him.

And by the way when i stated earlier about using someone...
One must reflect on the question of what it means to be competent in the forex market. Perhaps it is competence with yourself, instead.
  • #32
  • Jun 27, 2009 4:06pm Jun 27, 2009 4:06pm
Maybee I can help, however I can not send you a mail.


Best regards,

Dale
  • #33
  • Jun 27, 2009 7:12pm Jun 27, 2009 7:12pm
Like all the advice given in this thread, you first need cash flow to help cover your expenses. This could either be a job, or a business.

$200 will go a long way with the right broker. I trade with a broker that lets you trade with only $1, or 1 unit. By setting risk on every trade to 1% of total equity, any amount will last a long time even if you make a lot of mistakes.

As you probably know by now, find one trading method and learn everything there is to know about that method. At the end of the day, success in trading does not rely on indicators alone. You need to learn when to trade and when NOT to trade.

The best indicators are the simplest--nothing can be more simpler than trading price action.

Start a trading journal and post all your trades there. Ask questions. You will bring to you the teacher/mentor you seek.

I wish you the best!

- jim


Quoting ronald_fsm
Dear all trader at FF,...
youtube.com/@jimstradingjournal
  • #34
  • Jun 28, 2009 12:32am Jun 28, 2009 12:32am
Quoting syfx
$200 will go a long way with the right broker. I trade with a broker that lets you trade with only $1, or 1 unit. By setting risk on every trade to 1% of total equity, any amount will last a long time even if you make a lot of mistakes.

At one time every beginner will overleverage his account you can bet on that.

He'll probably do it once and get encouraged because he made a big profit and the next trade he'll face a margin call.
Everyone goes through that you can't just skip it.
  • #35
  • Jun 28, 2009 2:28am Jun 28, 2009 2:28am
Quoting ronald_fsm
Dear all trader at FF,
First I want to introduce myself. I live in Indonesia. I'm 34 years old but I just got fired from my job so I got jobless. I have read many good thread/system from this FF (about 6 month reading at FF). I really want to be a forex trader for my life,but I'm confused which one should I follow?

 

  1. I only have small money to trade, just about USD 200$ for the beginning.
  2. I want to use simple system or maybe no indicator at all if possible.
  3. If possible I need not very dangerous system

I really appreciated...

I Agreed with somebody's post here well go back and find any job. After finding any suitable job than if you still feel any intrest in forex than learn first on demo and then trade live with micro account first. Otherwise you will lose your money like other newbies do and thats for sure
  • #36
  • Jun 28, 2009 2:43am Jun 28, 2009 2:43am
1 peice of advice from me - don't trade with scared money
  • #37
  • Jun 28, 2009 7:27am Jun 28, 2009 7:27am
Quoting Dale
Maybee I can help, however I can not send you a mail.


Best regards,

Dale
dear dale, so how could i get the information from you? do you want to send me an email? thx
  • #38
  • Jun 28, 2009 7:28am Jun 28, 2009 7:28am
Hi ronald_fsm, i'm from Indonesia also

1st, i hope that $200 is the money you can risk to loose, and not your whole saving
2nd, if you can make $10 a day you could make decent salary ($300/mo is an average salary in Indonesia)
But that's 5% daily, not much traders can make such profits especially newbie who don't even wants to use indicators XD

My advice is that you find someone you know well, and well experienced in trading to manage your money,
because if you try to trade real money by your self w/o even training with demo account first, you'll probably ended with 0 balance

Also don't be tempted with ads of EAs that says they could double your money fast, you'll be surprised when you see your balance decreasing instead of rasing XD

If you really want to trade, please train your self with demo accounts, and find a job for living (i know it might be hard for 34 years old man to find a job these days)
  • #39
  • Jun 28, 2009 7:31am Jun 28, 2009 7:31am
Quoting syfx

The best indicators are the simplest--nothing can be more simpler than trading price action.

Start a trading journal and post all your trades there. Ask questions. You will bring to you the teacher/mentor you seek.

I wish you the best!

- jim
thanks jim for your kindness. anyway do you could give me advice where I must learn the price action?is there any thread in FF that focusing on price action? thanks again jim.
  • #40
  • Jun 28, 2009 7:42am Jun 28, 2009 7:42am
Quoting ronald_fsm
thanks jim for your kindness. anyway do you could give me advice where I must learn the price action?is there any thread in FF that focusing on price action? thanks again jim.

Take a Look at the James16 Price Actoin thread you'll find everything there.

Quote
($300/mo is an average salary in Indonesia)

Holy Crap. Most people here spend that on an evening if they want to have some fun with their friends.

Strange world.
0 traders viewing now