At What Point Do You Give Up On Forex | Forex Factory

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At What Point Do You Give Up On Forex

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  • At Point Do You Give Up On Forex
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  • #1
  • First Post: Edited Mar 4, 2013 8:09am Jun 14, 2012 12:42pm | Edited Mar 4, 2013 8:09am
how much money your willing to lose?

how many account your willing to blow?

how many system your willing to try?

before you relize forex is not for you.
  • #2
  • Jun 14, 2012 1:26pm Jun 14, 2012 1:26pm
If you dont get it after 6-7000 hours I would quit, good im way past that point...


a bit sad too
  • #3
  • Jun 14, 2012 2:17pm Jun 14, 2012 2:17pm
Quoting Larseg
If you dont get it after 6-7000 hours I would quit, good im way past that point...


a bit sad too
your not trading anymore?
  • #4
  • Jun 14, 2012 3:41pm Jun 14, 2012 3:41pm
GET RICH OR DIE TRYING
  • #5
  • Jun 14, 2012 4:22pm Jun 14, 2012 4:22pm
Quoting PoundTrader
how much money your willing to lose?

how many account your willing to blow?

how many system your will to try?

before you relize forex is not for you.
Never damn it, forex is like heroin.
My wife leaves, job is lost, house is gone, you'll find me under a rock with my laptop....
Slowely going insane...
Come with me if you want to live....
  • #6
  • Jun 14, 2012 4:24pm Jun 14, 2012 4:24pm
Quoting Ill-b-back
Never damn it, forex is like heroin.
My wife leaves, job is lost, house is gone, you'll find me under a rock with my laptop....
Slowely going insane...
But Slowely realising need to keep it very simple and mechanical and get rid of the architecture
Slowely..
Come with me if you want to live....
  • #7
  • Jun 14, 2012 4:52pm Jun 14, 2012 4:52pm
Quoting Ill-b-back
Never damn it, forex is like heroin.
My wife leaves, job is lost, house is gone, you'll find me under a rock with my laptop....
Slowely going insane...
  • #8
  • Jun 14, 2012 5:01pm Jun 14, 2012 5:01pm
This Thread Been Move To Trading Discussion
  • #9
  • Jun 14, 2012 5:37pm Jun 14, 2012 5:37pm
Great Threads you started man I mean this one and the "how many accounts have you blown". Congratulations for both. Very straight pointed about a subject that really matters.

I think about giving up everytime I think about my loses and what I could have done with all that cash....maybe the best system is a can where you put the money inside everytime you think about funding your account again.....and for every dollar/euro or whatever you put in you just count it as a winning trade, you trade frustration against dreams coming true.

Like they say: Keep it simple.

  • #10
  • Jun 14, 2012 5:55pm Jun 14, 2012 5:55pm
Quoting Ill-b-back
Never damn it, forex is like heroin.
My wife leaves, job is lost, house is gone, you'll find me under a rock with my laptop....
Slowely going insane...
haha, love it
  • #11
  • Jun 14, 2012 6:27pm Jun 14, 2012 6:27pm
You never give up until you lose!
  • #12
  • Jun 14, 2012 10:57pm Jun 14, 2012 10:57pm
Never give up

print this photo and keep on your desk

http://forum.incrediblecharts.com/me...11/1921855.jpg
  • #13
  • Jun 14, 2012 11:31pm Jun 14, 2012 11:31pm
You should give up Forex trading if

Someday, you wake up and decide that FX is not for you, then you quit, because if you continue, you will waste your time effort at things you don't good at... However, how you can just this decision objectively is an another question...
Back to the beginning ... demo
  • #14
  • Jun 15, 2012 12:26am Jun 15, 2012 12:26am
On October 29, 1941, U.K. Prime Minister Winston Churchill visited Harrow School to hear the traditional songs he had sung there as a youth, as well as to speak to the students. When he was invited to give a speech, Churchill stood before the students and said,
"Never, ever, ever, ever, ever, ever, ever, give up. Never give up. Never give up. Never give up."
  • #15
  • Jun 15, 2012 12:50am Jun 15, 2012 12:50am
It's like anything else in life; you give up when you don't want to do it any more, for whatever set of reasons you may have.

However, I'd say trading certainly has elements of addictiveness. Like the lottery, everyone is lured by the big prize and many stay in the game rather longer than they rationally should.

Pragmatically, I'd say give up when you run out of risk capital. Going beyond that point can seriously damage your life. If you must continue trading, save up and only try again when you have another pot to blow. The wait will help you to study and improve, anyway.
  • #16
  • Jun 15, 2012 1:04am Jun 15, 2012 1:04am
Quoting Price
[b][i]On October 29, 1941, U.K. Prime Minister Winston Churchill visited Harrow School to hear the traditional songs he had sung there as a youth, as well as to speak to the students. When he was invited to give a speech, Churchill stood before the students and said,
[font=Verdana][font=Arial,Helvetica,sans-serif][size=5]"Never, ever, ever, ever, ever, ever, ever, give up. Never give up. Never give up. Never give up."...
...as long as you are not doing the same thing over and over, expecting different results.
  • #17
  • Jun 15, 2012 4:33am Jun 15, 2012 4:33am
some traders will go broke or die before they realize forex is not for them, at some point you have to realize your wasting your time and move on to bigger and better things
  • #18
  • Jun 15, 2012 4:39am Jun 15, 2012 4:39am
costs you nothing more than time to keep trying... thats what demo is for..

maybe a more important question is "when do you start risking your capital"
tradewith60
  • #19
  • Jun 15, 2012 4:43am Jun 15, 2012 4:43am
Quoting 60minuteman
costs you nothing more than time to keep trying... thats what demo is for..

maybe a more important question is "when do you start risking your capital"
when your demo keep growing and you don't have to keep restarting your demo over and over.
  • #20
  • Jun 15, 2012 4:43am Jun 15, 2012 4:43am
don't forget to vote
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