For those who find it difficult to make money in retail forex | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

It is possible to make 2000 from 200 in Forex? It is easy or very difficult? 75 replies

If you make money, does Oanda make money? 35 replies

How difficult is it to find an effective daytrading method? 156 replies

Bulls make money, Bears make money. And Pigs get slaughtered. 12 replies

For those who find it difficult to make money in retail forex

  • #1
  • First Post: Aug 7, 2009 2:43pm Aug 7, 2009 2:43pm
Some (or maybe allot) of you may find it is difficult to make money in retail forex markets....dont despair, help is at hand.

Just switch from forex to the FTSE100 or Dow30.

Without mentioning the name of the site directly, there is an on-line traders site which allows you to trade the 20 minute markets on the FTSE100 and Dow30.

Open a demo account with a company that offers MT4 and also offers these two. Change the chart to 20M, there are other threads on here which tell you how exactly to change to this timeframe in MT4.

Then, open a live account with this on-line site and you will see that the BUY/SELL prices are actually delayed by a few seconds compared to what actually is happening.

Goodluck!!!!
  • #2
  • Aug 7, 2009 5:02pm Aug 7, 2009 5:02pm
Quoting scooby-doo
Some (or maybe allot) of you may find it is difficult to make money in retail forex markets....dont despair, help is at hand.

Just switch from forex to the FTSE100 or Dow30.

Without mentioning the name of the site directly, there is an on-line traders site which allows you to trade the 20 minute markets on the FTSE100 and Dow30.

Open a demo account with a company that offers MT4 and also offers these two. Change the chart to 20M, there are other threads on here which tell you how exactly to change to this timeframe in MT4.

Then, open a live...
What are the advantages of trading the FTSE100 and Dow30 over forex?

And why would you want to trade on a site where the BUY/SELL prices are actually delayed by a few seconds compared to what actually is happening?
  • #3
  • Aug 7, 2009 6:18pm Aug 7, 2009 6:18pm
Quoting jamiewhite
And why would you want to trade on a site where the BUY/SELL prices are actually delayed by a few seconds compared to what actually is happening?
you don't see the advantage to a price feed lag?
taking series 3 and 34
  • #4
  • Aug 8, 2009 2:11am Aug 8, 2009 2:11am
Quoting scooby-doo
there is an on-line traders site which allows you to trade the 20 minute markets on the FTSE100 and Dow30.
Goodluck!!!!
Which one?
"Put all your efforts in becoming effortless"
  • #5
  • Aug 8, 2009 9:09am Aug 8, 2009 9:09am
Quoting scooby-doo

Then, open a live account with this on-line site and you will see that the BUY/SELL prices are actually delayed by a few seconds compared to what actually is happening.
Quotes might be delayed but you won't be able to trade on them!

  • #6
  • Aug 8, 2009 10:58am Aug 8, 2009 10:58am
It's the same as when you blame your broker for getting requotes all the time because he wants to cheat on you. In reality it's your sucky internet connection which has a latency to the broker of 250ms. That's 250ms to reach the broker 250ms to get the quote from the broker 250ms to send the request to buy at that price. Now 3/4 of a second has passed and price will have changed.
Zing! Requote. This makes scalping impossible if you can't afford a decent internet connection. Scalping is like playing a first person shooter latency is key.
  • #7
  • Aug 9, 2009 5:37pm Aug 9, 2009 5:37pm
Quoting skorcht
you don't see the advantage to a price feed lag?
Not if I am getting the lagged prices. I want to get the real price and let everyone else have the delayed prices
  • #8
  • Aug 9, 2009 7:08pm Aug 9, 2009 7:08pm
Quoting jamiewhite
Not if I am getting the lagged prices. I want to get the real price and let everyone else have the delayed prices
lol, maybe you need to ask your 'mentor' about it!

Too funny.....
  • #9
  • Aug 10, 2009 7:10am Aug 10, 2009 7:10am
In my experience, if you suck at reading a forex chart you will suck at reading a DOW, FTSE, Soybean, Bond, or any other chart as well.
  • #10
  • Aug 10, 2009 11:50am Aug 10, 2009 11:50am
Quoting philmcgrew
In my experience, if you suck at reading a forex chart you will suck at reading a DOW, FTSE, Soybean, Bond, or any other chart as well.
I'd have to agree with that sentiment, a chart is a chart after all!
"I made all my money by selling too soon"
  • #11
  • Dec 31, 2020 5:33am Dec 31, 2020 5:33am
Forex market offers a great opportunity. But only skilled people can take that opportunity. Rest just trade and lose money. If anyone wants to take this opportunity he must focus on learning.
  • #12
  • Last Post: Jan 2, 2021 3:42am Jan 2, 2021 3:42am
If you find it difficult to make it in forex then it is because you are either not fit for forex trading or you have not trained well enough. In forex trading it is best to take things slow. If you own that you are a slow learned when it comes to other things then you need to make forex trading slower The problem with most people is thatnhey never actually want to be patient and so they rush through learning forex and they then start live training when they are not up to the required level yet and some of them stick to such levels, In such levels you barely get anything to fo forex. The sooner you release it the better it will be for you as you will go nback to the start and begin all over again.
0 traders viewing now