Your traders status

Not sure why i made this thread, but just for some people could be interesting


1.How long You learn&trade
2. How much per day You learn&trade
3 Your status / Loosing, Break Even, Winner/
4. Your suggestion to others



Best,
Tom

1. 4 years
2. 10-15 h
3. More profits than looses -> 1 step ahead BE
4. Don't give up.


Best,
Tom

Meaningless to talk about this during this time!

Talking about the Forex market's status is much more meaningful !

The financial market ,stock,future,... especially Forex is

how far away from The original market status hundreds year ago!!!

my advice is for somebody to seceed in trading is that u have to blow an account first to learn ur lesson.now for the beginners,how do u feel like blowing couple of accounts,and loosing ur savings,so then u dont repeat the same mistakes.nothing more to it

1. 4 years
2. 2 - 4 hours
3. 50% wins / 50% losses
4. Quit reading forums. Find a system and stick with it. Take responsibility for your actions and you will find what you're looking for in trading.

You mean how close. Yeah, I agree. Livermore and Wyckoff convinced me it's all the same.

1. Two years to learn forex (coming from equities) - 4 1/2 years trading.
2. 10-15 hours a day. Even though I'm a professional traders, I'm still learning. The leaning never stops. If it did, I'd be as rick as Buffet.
3. Profitable. I win more than I lose.
4. If you starting out, learn price and know why certain price patterns develop. Learn to lock in your profits by adjusting Stops to b/e. Learn to accept your losses. Stop reading forums and Twitter/Stocktwits for picks. Eighty percent of traders on public forums and on Twitter are not profitable. Losers following losers = not profitable

1. 2 yrs
2. 3-7 hours (next couple quarters will probably see much less)
3. Split evenly between loss/BE/TP but my wins are usually several times my losses.
4. Profitable overall
5. Sometimes it's good to forget about your pips/$ won and lost and think about the times where your account is growing.. What are you doing, be objective. It's gonna be different for everyone.

Over time I think it gets easier to switch between range trading and trend trading. In both situations supply and demand are king. I do better when I don't pay attention to fundamentals. I don't hate indicators but I don't use them, and this is because I noticed through objective observation that the times where they were off my charts my account was growing.

One more thing in addition to identifying supply and demand I think VSA is a great way for spitting out entry points once you've decided on your levels.

This advice is ridiculous but I think i know what you're trying to say. Essentially you want someone to be prepared. It's gonna be a rough ride experiencing losses but blowing an account should NEVER be a prereq for success. i think a better way to put this is to tell someone that if they decide to get into trading, they have to know that it requires diligent work and the number one rule is PROTECT CAPITAL (i.e risk management is #1)

redicilous??? ,its the reality ,i didnt say blow it up on purpose,when u get cocky and u think u can become a millionaire ina month,thennn,trading is not for everyone ,winners in trading are the same as defenders in soccer that score goals,how many defenders do u have ?not many ey..vidic ivanovic ferdinand ,and the best the same goes in trading,by winning ur not letting the oponent score goals,but we dont have any opponents its ourselves that make the mistakes physchologycly, lessons are learned from mistakes,nd evryone makes them.

my recommendation for newbies is to spend about 2 years reading plain charts about 3 times and week and learning how the thing works on practise accounts after some time try the indicators get a feel of the movement in prices,and get into it,not for money but for fun,money comes later

i got into trading by reading long term investment books from warren buffet theni moved to medium term, i rediculed day trading since warren buffet always said that its a gamble,then i started reading charts of stocks and smaller companies and noticed that their prices are manipulated by looking volume and taught i was the only person that noticed this in the world ahah got cocky there,,thats what got me interested ,i played online stock market games,i one game came 2nd of 5000 people on marketwatch virtual stock exchange by buying a 0.001c company which later got acquired by bigger company and their share rose to 80$ i dont think thats possible in real life ,ive been in the investment world for about 4 years now,been practising for for 2.5 years nd had a real account for about a 1.5 lost all my money ,now im back with winning strategies since i made profit on all my demos over month,my advice for newbies is learn from winning traders,dont get scammed by bullshit artists ,practise,never give up,researchhhh

and to sum it up ,u want to trade so u never have to work again and have financial freedom,well thats a dream thats never gonna come true,work is what gets ur results trading is a sport like any other,so think of strategies for long term that are fully profitable,not 50% or 60% keep researching till u find it,dont give up,and get regular sleep more than 9 hours,to trade u neeed to be awake and thinking clever

and if any of u think that since u cant make the money in forex,and decide to make signal websites,and lie to people and waste ur time creating indicator sites and crap,dont do it,no ones gonna go on it,ur businness ideas are as wise as ur investing and trading is investing,better get a real job,

good luck evryone,

hilmy83 true with protecting capital no one won a game without defending

Before himly responds, let's not get offended at what people online say. Nobody comes to a thread to bore themselves while two people don't see eye to eye. You guys both have your own perspective let's leave it at that

im not talking to hilmy83,just expressing my thought on trading experience
just the first paragraph i was replying to himly on what i think about the ridicule ting,other stuff is for newbies

So you're saying that you made a profit on your demo's for a month. Now, you can give the "newb's" advice. I think your intentions are great and actually, your advice is good. You don't have to pay the scam artists and con men to learn.
?What' ; s intéressant faire vaut de faire pour vous-même.?

1. Forex since 2006, dabbled with CFDs prior to that

2. Probably about 3-4 hours/day analysis/trading

3. Sometimes I lose, but I'm never loose

4. If you enjoy trading, you'll eventually become good at it, and the profits will follow. But if your primary focus is to make money, then don't bother with forex; there are much easier ways to attain financial freedom

Dabbled in commodities and Stock options for 20 years.. Forex full time for 3 years

10hrs a day

I win about 60% of my trades, with about a 1:1.5RR

Advice, just keep sticking with it, and learn to control your emotions..

1. 3 years
2. 4 hours after my daytime job for 3 years, now full-time day trading 8 hours/days
3 mildly profitable
4. Jump into the pool and learn how to swim, do more of what works and less of what doesn't, do your own thinking.

1. 5 years - Started learning about traders and investors in college and worked for a few Wall St-based hedge-fund managers.

2. Full-Time Trader - The process of initiating a trade only takes a second, but doing the research and analysis beforehand is what is hard and time-consuming. I work 3 days a week, 4 hours a day.

3. I average 30-40% capital return a month. For instance, if I am managing $100k, I can get $30-40k on average out of that capital every month.

4. Treat it as a profession. Many people that want to be traders put in a weak, mundane effort into becoming one, thinking it is "easy". If you do not put the time and money into proper education, training and experience, I assure you, you will never become a full-fledged trader.