60minuteman, can you post a link to your thread, which describes your system? Many thanks!
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- #62
- Jun 17, 2012 8:03am Jun 17, 2012 8:03am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
I thought I had..
- #65
- Jun 17, 2012 12:25pm Jun 17, 2012 12:25pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
You do not have to fund your account to get it right. I never blew a single account and I doubt I will , as soon as I lose significant amount of money I go back to demo for as long as it take to figure out what went wrong. If you can spend unlimited time paying with virtual money then cost of your education is only time and books which is not that much. Anything worth having takes a lot of effort so does trading skills. Get over it.
- #68
- Jun 17, 2012 1:58pm Jun 17, 2012 1:58pm
Plus it takes balls to call a quit on forex,as all statistics against you its not only that broker but everyone is against you when you trade,its only 5% success rate at best for most traders,meaning 95% eventually lose or blow their accounts,if one was good at maths then they would realize that in the amount it takes to be profitable in forex you might a swell learn to fly f16 or Boeing 737,as its like 5 years learning curve just to get the ins and outs then trying together the funds needed to make enough to make it worthwhile.as it took me 2 years to realize that i wasted more money and energy for what i coud already had a year ago,with a bit of saving 
- #69
- Jun 18, 2012 4:36am Jun 18, 2012 4:36am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
if you never blew an account you probably never traded a real one either.Time to call it quits its then when you realize when you spend more money and time on something that you wanted to achieve instead spending your time on loosing money and time while chasing it.
- #71
- Jun 18, 2012 5:12am Jun 18, 2012 5:12am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
P
If you blew your account you probably jumped to it after first profitable week/month o demon and you probably have been spending time posting on forum instead of developing serious money management. Lack of self control, greed and lack of education is something that is typical for most of human race but not to all of us. I took real account after more then a year on demo and I went back to demo few times during drawdowns. Teach yourself discipline before you start with forex or pay real cash for your lack of self control. I was in different markets...
- #72
- Jun 18, 2012 8:40am Jun 18, 2012 8:40am
yeah discipline and strategy and your rolling in cash 
and 2008 crash was lack of discipline 
you after a year coming back to demo trading shows that you yourself lack any discipline and skills,even when you know that your makin mistakes,and while you demo trade market changes what happened today might not repeat tomorrow.
I see forex as this you can be black belt 10 karate kid,but in front of you there is a guy with bazooka pointing at your face,20 years ago it was fair as every trade had to be covered by 100k lot in your account with 0 leverge not 100$ not 5000$ neither 50000k it had to be 100k,now then you might have a fair chance of making some sort of living,as people ask how much do i need to learn or cash to have to trade thats the amount needed,unless you live in some part of Africa where average wages are 2$ a day,then it might be profitable spending all that time at the screen watching ticks and charts,to make money.
and 2008 crash was lack of discipline you after a year coming back to demo trading shows that you yourself lack any discipline and skills,even when you know that your makin mistakes,and while you demo trade market changes what happened today might not repeat tomorrow.I see forex as this you can be black belt 10 karate kid,but in front of you there is a guy with bazooka pointing at your face,20 years ago it was fair as every trade had to be covered by 100k lot in your account with 0 leverge not 100$ not 5000$ neither 50000k it had to be 100k,now then you might have a fair chance of making some sort of living,as people ask how much do i need to learn or cash to have to trade thats the amount needed,unless you live in some part of Africa where average wages are 2$ a day,then it might be profitable spending all that time at the screen watching ticks and charts,to make money.
yeah discipline and strategy and your rolling in cash
I see forex as this you can be black belt 10 karate kid,but in front of you there is a guy with bazooka pointing at your face,20 years ago it was fair as every trade had to be covered by 100k lot in your account with...
I am in the various markets since 2006. And in the forex slightly shorter, and much shorter if you include when I entered with real money (in shares I started with real money that was a mistake, first 4 years were hard but still I never blew a real account however I experience around 70-80% drawdowns in 2008-09).
I was not fully accurate in my first post... I blew like 12 accounts and amount was more then probably $1 mln... but those were demo accounts so I do not even remember. Never had more then 20% drawdown in real forex account. I know it might be hard for you to believe if above is your opinion about market....
- #77
- Jun 18, 2012 12:06pm Jun 18, 2012 12:06pm
- | Commercial User | Joined Feb 2012 | 3,770 Posts
tradewith60
i dont agree with the perception that spot forex brokers are out to get you...
its more highly regulated than the futures market.... they're not gonna try and move the market just to take a few retailers measly positions.... ludicrous.
if you ever talk to traders who used to work for brokers i think you'll find they agree.
Generally if someone is losing its their own fault.