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My Story, Need Advice

  • #101
  • Apr 6, 2010 1:29am Apr 6, 2010 1:29am
Quoting pipmutt
Besides, when's the last time you saw anyone publish specific details of how to make money in this business?
Haha so true.. for the most part this forum is nothing more than an ad revenue machine where newbies continually circle the drain until finally letting go.

Hahahaha
  • #102
  • Apr 6, 2010 1:37am Apr 6, 2010 1:37am
Quoting Deusomega
....newbies continually circle the drain until finally letting go.
lol, that is such a great description, I've got this image in my head now lol

"aggggghhhhh I'm drowning, throw me a sugar-o!"
  • #103
  • Apr 6, 2010 1:45am Apr 6, 2010 1:45am
Quoting pipmutt
lol, that is such a great description, I've got this image in my head now lol

"aggggghhhhh I'm drowning, throw me a sugar-o!"
I'm always looking for opportunities to show my optimistic side
  • #104
  • Apr 6, 2010 4:15am Apr 6, 2010 4:15am
Quoting pipmutt
There are probably hundreds of different practical ways to achieve the same goal, all it takes is a bit of lateral thinking. If someone doesn't have the capacity or adaptable mindset to think laterally then step-by-step instructions complete with diagrams is unlikely to help very much, in fact it could do more harm than good!

Besides, when's the last time you saw anyone publish specific details of how to make money in this business?

I've got nothing against discussing the subject in general terms though, but I think we've already done that...
OK, fair enough, thanks anyway.

I'm going to continue pursuing my current path, in terms of fashioning a method around forecasting direction, on the basis of stacking 'independent' probabilities........ unless or until the returns start to dry up. As the saying goes, if it ain't broke, don't try to fix it.
  • #105
  • Apr 6, 2010 4:49am Apr 6, 2010 4:49am
Quoting hanover
OK, fair enough, thanks anyway.

I'm going to continue pursuing my current path, in terms of fashioning a method around forecasting direction, on the basis of stacking 'independent' probabilities........ unless or until the returns start to dry up. As the saying goes, if it ain't broke, don't try to fix it.
I think you are on the right track because you are making your own method. But either way I wish you continued success!
  • #106
  • Apr 6, 2010 4:49am Apr 6, 2010 4:49am
Quoting hanover

As the saying goes, if it ain't broke, don't try to fix it.
I absolutely agree!

Good trading to you

-
  • #107
  • Apr 6, 2010 10:04am Apr 6, 2010 10:04am
Today I lost whatever I earned yesterday. My old story!
  • #108
  • Apr 8, 2010 6:26pm Apr 8, 2010 6:26pm
Quoting Pixie
Today I lost whatever I earned yesterday. My old story!
So what? The goal is to be in big $$$ profits each year. Not every day.
You learn every day.
  • #109
  • Apr 9, 2010 6:56pm Apr 9, 2010 6:56pm
don't bother with FOREX.. you will lose all your money.. PERIOD.
Why do we fall? "So we can learn to pick ourselves up."
  • #110
  • Apr 9, 2010 7:13pm Apr 9, 2010 7:13pm
Quoting ForexDude
don't bother with FOREX.. you will lose all your money.. PERIOD.
Why are you here? lol
  • #111
  • Apr 9, 2010 9:47pm Apr 9, 2010 9:47pm
Quoting Deusomega
Why are you here? lol
I try to save some souls each month.

And you? Why are you here?
Why do we fall? "So we can learn to pick ourselves up."
  • #112
  • Apr 9, 2010 10:00pm Apr 9, 2010 10:00pm
Quoting ForexDude
I try to save some souls each month.

And you? Why are you here?
Great, just what the forum needs, another narcissist with savior complex. Join the others of your ilk HERE. It'll be like a family reunion.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #113
  • Apr 9, 2010 10:05pm Apr 9, 2010 10:05pm
Quoting LasVahGoose
Great, just what the forum needs, another narcissist with savior complex. Join the others of your ilk HERE. It'll be like a family reunion.
don't be hating my current favourite thread goose
Congratulations ScalaFX for coming out of the closet!
  • #114
  • Apr 10, 2010 10:25am Apr 10, 2010 10:25am
Quoting Pixie
Hello,

I'm new here and I'd like to share my story. I started forex trading on demo as part of my college course at the end of last year. The competition was over and I came second but my trading did not stop there. To be honest, I got addicted to it. I was doing demo until the end of March when I was quite profitable.

I know it was too soon to invest but I couldn't resist. I was greedy and I invested $1000. Now I can't sleep when the market is open and I'm infront of my computer as much as possible.

After trading live for 7 days, I lost some...
Please what college course was this?
  • #115
  • Apr 10, 2010 10:55am Apr 10, 2010 10:55am
Quoting Deusomega
Holy crap if I was still demoing after 5 years I'd divert my efforts into something else .
how long you have been trading? are u profitable?
its very easy to criticise somone.please show us the way to trade profitably in the live account.
  • #116
  • Apr 10, 2010 5:46pm Apr 10, 2010 5:46pm
Quoting LasVahGoose
Great, just what the forum needs, another narcissist with savior complex. Join the others of your ilk HERE. It'll be like a family reunion.
Well, at least im not living in the suburbs in a rented room with a huge mortage, and trying to look like PRO who does 10K per month with FOREX, heh.
Why do we fall? "So we can learn to pick ourselves up."
  • #117
  • Edited 4:51pm Apr 15, 2010 4:25pm | Edited 4:51pm
Quoting ForexDude
don't bother with FOREX.. you will lose all your money.. PERIOD.
That's funny because of your sig!

Quoting hanover
BTW, "lose" is the opposite of win; "loose" is the opposite of tight.
Here is a handy pictorial

http://img696.imageshack.us/img696/2999/losed.png
  • #118
  • Apr 16, 2010 9:58pm Apr 16, 2010 9:58pm
Quoting Pixie
Today I lost whatever I earned yesterday. My old story!
I feel identified with every word you've posted here. I'm trading on a real account since 4 months ago and I've been suffering all the things you've mentioned. Bad sleeping, too much time looking at the screen, take profit too soon, enter the market too late, etc etc.

So far so goo ... so bad!, I'm almost about to loose my first account. Too much bad choices and it's almost too late to recover from that. I'm ok with that, i took all the responsibility for my actions.

I know exactly what the problem is .... lack of Education + Training. I know the principles of the Forex, and I've spend a lot of time on a demo account, but I need more and now I'm spending my time reading stuff and watching some instructional videos that are helping me not only to be better at trading, but also to control my emotions when I'm on the market.

It takes time, patience, studying and practicing a lot on Demo, even if you're trading on a real account, don't stop using demo accounts for testing new tactics.

The way is long and hard sometimes. We've to keep on learning always. Next year you'll see that your methods will be a lot more effective than the ones you're using now. =)

Good luck!
  • #119
  • Last Post: Apr 24, 2010 10:32am Apr 24, 2010 10:32am
3 things to consider:

1) Have you ever seen a doctor who is afraid of Blood? Why? Because they have trained their mind for last 10-12 years.

You will never see a trader who is afraid of doing trading because they have trained their mind to handle unexpected moves in trading.

2) Once again revisit your trading system and plug the loopholes.

Ultimately, one needs to train his/her mind. Historical data is good for training but you need to have lot of practice in live trading as well.
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