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Cable Update (GBPUSD)

Quoting dil
yeah i made a 3000$ from 500$ in about 2 weeks now ... im starting to panic
I was in position like you when trading for the first time..only 2 days I made $400 from $100, 3 days later I loss all the money..I realized that what I was done is GAMBLING..money management is very important..
Patience + Discipline =
Quoting dil
yeah i made a 3000$ from 500$ in about 2 weeks now ... im starting to panic
hello,
Obviosliy you are making big mistakes:

-may be you are trading with no stop loss.
-may be you are taking false beliefe that forex is not a bussiness.
-you are over leverage your capital.
-you are so emotional in your trading descisions.
-you start live premature.

My advice:
-Never trade with no stop loss.
-never risk more than 1-2% of your capital in each trade.
-Do not put a leverage of more than 1 to 10 at your start.
-treat your trading as bussiness.
-learn,educate yourself,practice untill you are at least consistantly in profit in demo for three successive months.
-Know yourself ,control your emotions.
-Learn good principles of money management.
-let someone help you.

atheer1
atheer1
Quoting joemiami
Im short as of 6377. She looking to retrace now to at least 6322 level
I got burn when I played on retracement trade 1 hour ago, cause it was a counter trend trade. Better take trend as our friend
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting hus7
yea... me too 80% wasted. need an advice
...stop loss is key , when market is very volatile , I use 75/80 pips , but far prefer a 30 or 50 pips sl ...in any case , the potential loss musn't exceed 3% of the account ....it works for me ...keeps stress level low ...good luck !
Quoting atheer1
hello,
Obviosliy you are making big mistakes:

-may be you are trading with no stop loss.
-may be you are taking false beliefe that forex is not a bussiness.
-you are over leverage your capital.
-you are so emotional in your trading descisions.
-you start live premature.

My advice:
-Never trade with no stop loss.
-never risk more than 1-2% of your capital in each trade.
-Do not put a leverage of more than 1 to 10 at your start.
-treat your trading as bussiness.
-learn,educate yourself,practice untill you are at least consistantly...
thank you it's very hard with psychology i want to make 30,000$ per month this why i making risk deals... without thinking
Quoting jacob
I got burn when I played on retracement trade 1 hour ago, cause it was a counter trend trade. Better take trend as our friend
neg diverg on stoch and macd on 30 min
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Quoting dil
yeah i made a 3000$ from 500$ in about 2 weeks now ... im starting to panic

why u panicing..that is great..

but i think u have to ask yourself one thing,,do u trade because u have to, are u addicted to the buzz of being in a trade..people overlook this

they dont realise this all or nothing simply gives a buzz..if that is the case this will be painfull journey..sky diving is better

good luck to u
Cable looks like it has broken its water, baby due any min. and will drop down to next floor....
anybody got any hot water and some towels to catch baby G as she falls to fib line?...dont drop her though !!
Quoting nAVIN2007
why u panicing..that is great..

but i think u have to ask yourself one thing,,do u trade because u have to, are u addicted to the buzz of being in a trade..people overlook this

they dont realise this all or nothing simply gives a buzz..if that is the case this will be painfull journey..sky diving is better

good luck to u
yeah buzz i feel more adrenaline when my account gonna blow up more then in going 250km/h car
Quoting dil
yeah buzz i feel more adrenaline when my account gonna blow up more then in going 250km/h car

then trading can be dangerous for u ...
dont allow yourself to get addicted..there are trader wanting to commit suicide because the addiction to trade can be so strong..and they are compelled to lose

u have to be emotion free..as much as possible
Quoting dil
yeah buzz i feel more adrenaline when my account gonna blow up more then in going 250km/h car

Gamblers Anonymous may be more appropriate for you then FF.
Quoting nAVIN2007
then trading can be dangerous for u ...
dont allow yourself to get addicted..there are trader wanting to commit suicide because the addiction to trade can be so strong..and they are compiled to lose

u have to be emotion free..as much as possible

my trading hours 7 am till 11 pm ~ i know im addicted.
Quoting joemiami
Cable looks like it has broken its water, baby due any min. and will drop down to next floor....
I now have mental images of that scene from Austin Powers.
The market reveals who we really are...
Quoting dil
my trading hours 7 am till 11 pm ~ i know im addicted.

my advise to u is stop trading then before u ruin yur life..they are many reasons why they are so many that lose in forex..addiction probably the main one

driving force = greed..

is not worth yur health bro

every1 over trade when new..the question is are u compelled to do it!
Quoting dil
thank you it's very hard with psychology i want to make 30,000$ per month this why i making risk deals... without thinking
thanks melba & atheer1... need to learn money management more...
Mr. Navin2007 please what direction do u think cable is headed. i am long @ 1.6388
SCARED MONEY NEVER DOES GOOD IN FOREX
lets see if the ideal scenario works. i have today over +130pips - so it is good day anyway details on my blog
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Quoting nAVIN2007
my advise to u is stop trading then before u ruin yur life..they are many reasons why they are so many that lose in forex..addiction probably the main one

driving force = greed..

is not worth yur health bro

every1 over trade when new..the question is are u compelled to do it!
i dont know mate my destination is to reach that level that im gonna make 1 trade a day and month profit 30,000$ that's my destination this why im working so hard trying all system ,,techniques
Quoting omiunu
Mr. Navin2007 please what direction do u think cable is headed. i am long @ 1.6388
i am short..because the trend appear to be down, im hoping 1.64 level hold price below it....the one thing u need to carefull with is asking once u in a trade nothing or any1 should change yur mind..

be strong and go with what u see..

the game is totally mental..bear this in mind my friend..any1 can be wrong so u might as well go with yur beliefs
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