Is to gamble at the casino or .. do forex....or give it to my wife. I choose forex since my wife gets money from me everyday anyway..
I intend to keep track of it here just for fun. So once the money are gone I will still have a memory of it ..
I lost some money in forex in 2009 and 2010. After a big break of about 1 year, since I hate demo I am starting again with a live penny account to play for a litlle bit.
I know how you suppose to make money in forex.... you bet flat 1% or 2% or 3% or whatever appetite for risk you have and enjoy the profits.... If you have an edge.
First problem.. an edge??
I don't have an edge, at least none that I am aware of. and even if I think I have one (regarding direction, volatility, indicators) I learn in all this years since I heard about forex that the best out of the best traders, the ones that lasts for years... make around 5-15 % a month profit and this is outstanding, if any possible...
personally I really believe it is close to impossible to trade forex for living and to make regular withdraws.
I also know for sure that the majority of retail forex traders (small people like me) lose money in forex. So all the odds are against me. AM I one
of the exceptions, am I one out of 5 % of people who can make money trading currencies... I don't think so. I am just a regular guy. I can full myself and start throwing money in the market.. but math is math, and reality is reality. And even If I am very special and gifted and succeed to make 5% a month I need a huge account so I can trade for living. Lets say for $5000 a month to make I need 100 000 dollars in my account. I don't have it. So why not just throw all the rules outside and put 100%-500 dollars in an account and ... gamble. We all are doing it when we have accounts so small, even if we see it or not.
you want to fool yourself... you do it, as for me ... I will say the truth.. I just want to have fun, I am a type of a gambling person, and If I would go to a casino I would lose a lot more in a night or so...
First week I just took some sell positions on EUR/USD with no stop loss.
Second week that actually ended today I just discovered that my broker has a tradestation and helps u open and close positions with one click. Played with it a litlle bit and I opened positions on all pairs with spreads under 10 pips.. I closed them once they were in profit and I martingale myself out when they went in negative since there were hardly any stop loss.
I intend to keep track of it here just for fun. So once the money are gone I will still have a memory of it ..
I lost some money in forex in 2009 and 2010. After a big break of about 1 year, since I hate demo I am starting again with a live penny account to play for a litlle bit.
I know how you suppose to make money in forex.... you bet flat 1% or 2% or 3% or whatever appetite for risk you have and enjoy the profits.... If you have an edge.
First problem.. an edge??
I don't have an edge, at least none that I am aware of. and even if I think I have one (regarding direction, volatility, indicators) I learn in all this years since I heard about forex that the best out of the best traders, the ones that lasts for years... make around 5-15 % a month profit and this is outstanding, if any possible...
personally I really believe it is close to impossible to trade forex for living and to make regular withdraws.
I also know for sure that the majority of retail forex traders (small people like me) lose money in forex. So all the odds are against me. AM I one
of the exceptions, am I one out of 5 % of people who can make money trading currencies... I don't think so. I am just a regular guy. I can full myself and start throwing money in the market.. but math is math, and reality is reality. And even If I am very special and gifted and succeed to make 5% a month I need a huge account so I can trade for living. Lets say for $5000 a month to make I need 100 000 dollars in my account. I don't have it. So why not just throw all the rules outside and put 100%-500 dollars in an account and ... gamble. We all are doing it when we have accounts so small, even if we see it or not.
you want to fool yourself... you do it, as for me ... I will say the truth.. I just want to have fun, I am a type of a gambling person, and If I would go to a casino I would lose a lot more in a night or so...
First week I just took some sell positions on EUR/USD with no stop loss.
Second week that actually ended today I just discovered that my broker has a tradestation and helps u open and close positions with one click. Played with it a litlle bit and I opened positions on all pairs with spreads under 10 pips.. I closed them once they were in profit and I martingale myself out when they went in negative since there were hardly any stop loss.