biggest frustration or obstacle you have faced so far?

When it started making sense the most frustrating part was how to put it all together. There was so much information on the table and no true blueprint on where to start and how to effectively develop a winning strategy. Sure, the big dogs had their books and their success story strategies out there but that was extremely limited help because I was left to feel in the gaps.

Out of that aggravation, I sympathize with individuals that are new to Forex and trying to make it all make sense. Nevertheless, focus on understanding your chart and then apply your strategy.

Paste this link into your browser and I hope this interview on FX is helpful. http://theshrine.podomatic.com/entry...09_06_34-07_00

Besides choosing and sticking to a color for the candles on my charts (haha), I would say coming up with my own system... I am at the stage where I have given up on indicators. They seem to tell me no more than what the bars are telling me. All I have to do is 'look up'. So, besides the use of trend lines, S/R and the occasional moving average I am attempting to trade as naked as possible.

I've also given up on time frames lower than H4. Having to babysit trades is not an option for me, even though I have lots of free time to devote to forex. It is just too stressful having to watch. I literally had a anxiety attack when i first went live lol. But even though I lost a good percentage of my capital i don't regret it because the emotions I have trading live compared to demo trading are exponential, and a battle to overcome in itself. All in all I feel I've come a long way in that regaurd.

Another difficulty I had was trying to trade 10 different pairs, thinking that 10 were better than 1. I would always enter into dead end trades on one pair while another pair skyrockets. Thus causing me to miss alot of good/winning trades. I now focus on one pair and am able to capture most of the large moves on that one pair.

Fortunately I like a good challenge. I'm also involved in a similar online business that I had similar challenges in, and now consider what I do 'easy' and very profitable. So that gives me hope..........

BRING IT ON FOREX GODS!

Most frustrating lately has been having to find a good broker that still offers 400:1 margin to US citizens since laws here have been enacted to save traders from themselves....

My biggest frustration is that I couldn't get frustrated

Cool & calm mind is important in trading.

Go forward & leave your frustration behind...far behind you...

my biggest frustration is

my Entry for Long will become a resistance point in future
(although all indicators and news said the pair will continue uptrend,
the moment I enter, price will straight away drops and my enter point will become future resistance point)


My Entry for Short will sure become a future support
(although all indicators and news saying the pair will continue downtrend
once i enter, the pair will straight away move up
and my entry point will become new support point)

And prior to my entry , in all time frame
there are no historical support / resistance at my entry price...


is that not frustrated?

None right now.

But when I first started trading it was listening to the majority opinion of some of the so called "experienced" traders on Forex Factory. Since the majority of traders can't possibly get rich in any market, it's best not to think like them (although it is good to here SOME basic advice from them.)

Experiment like crazy, and use what is unique about your mental process to develop a trading strategy that works ONLY FOR YOU. This is partly why I never preach my own MM and trading strategy to others (the other reason is because I don't spoon feed adults.)

My biggest frustration is trying to click close order and accidentally pressing Short (and having the price skyrocket)

My biggest frustration was discovering that I did not need a screen full of indicators to tell me which way the trend was going. I wish I had discovered this eariler and not wasted so much time and money watching lagging indicators!!

Going long when the market goes short. Going short when the market goes long.
Setting my stop losses to low/high and getting wipeout on the return.
Placing a trade at the wrong time (quiet often)
Shouting at the computer go down/up although no one hears me.

My life is full of frustation at the moment.

my biggest frustration lately was to see a huge current price change making my trade VERY profitable (thinking to myself, easy day), then seeing it all reverse and turn into a damn pinbar!

When REFCO went bankrupt, I was up almost 36 hours working to get $50,000 out before they froze all accounts.
Most people lost all their money.

search a method for 7 years (stock market and forex) and don't find any profitalbe method.

I feel like I made every mistake in the book over the last 5 or 6 years.

Other peoples "systems", indicators, EAs, etc, etc.

Letting losers run and cutting winners short has gotta be my worst frustration.

Identify your weakness and devise a work around would be my advice. I hate drawdown so cannot hold trades for any length of time without stressing.

For me the answer to improving my profits was by giving myself realistic profit targets for every trade.

Clean charts with just a few moving averages, concentrating on candlestick analysis and price action at support and resistance have helped too.

My entries were always pretty good, buying or selling retracements off of support and resistance gives relatively small stops, especially on the m15 timeframe or lower.

I currently trade the 5 minute timeframe, I risk 1% per trade and trade to nearest SR, this generally gives me 1-1 reward risk often 2-1 or more. Ten to twenty pip stop losses are the norm.

1% risk per trade takes care of the fear and greed element too.

If you can achieve a 60 to 80% win rate, just 2 or 3 trades a day is not overtrading and will give you 2 or 3 percent a day growth on your account.

It isn't easy by any means but it can be done.

Check out threads here by Medici, Vantage or Islander, they have helped me enormously.

Good luck all.

Hi all, I'm new here by the way, I just joined this site because I noticed there seems to be a lot less bs on this forum than the others I've seen.

I've been practicing on live trying to get the hang of this for a good few months now. Right now it feels too damn random. The main obstacle I have is that even though I spot a clear trend and I open a position the market just utterly loves messing with me and putting in a seemingly random price spike that completely wipes out my whole sodding account as it goes in the opposite direction.

Is there any way I can account for this or do I just have to have a sixth sense for it and close when I get the slightest feeling this is going to happen? I think I'm actually going to halt trading for now and see if there's anything that I can do about it because it's driving me nuts right now.

Same here buddy. I can't give you advice but at least you know you're not the only one.

not be able to find the time to trade..

Biggest frustration so far:

THE LACK OF SUPPORT FROM FRIENDS/ RELATIVES

You can feel absolutely alone... in the dark.

Also undercapitalization is annoying.

I hear ya... Best thing is to not mention it! They don't understand!

thanks cindy

I bet most of us suffer from this in one way or another.

Maybe that's one of the main reasons because trading forums are plenty of people

Totally agree!! Every single time when my mother calls, she tells me she's worried about my trading venture, and she tells me "you know, the market is not always on your side".

And I always think to myself, what does she want me to do then? Commit Suicide when "the market is not on your side"?