Disliked....becouse they are dumb, and dont have a slightest idea about sucesfull trading!??Ignored
This is the correct, definitive answer. I know, because I was like that and I see them making all the same mistakes.
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Disliked....becouse they are dumb, and dont have a slightest idea about sucesfull trading!??Ignored
Dislikedyou are issued a 50:50 chance of winning/losing, so how do you lose overtime?
Ignored
DislikedHi all,
Just wondering what exactly do newbies do to lose?
I mean when you open a trade, regardless of any analysis you do, you are issued a 50:50 chance of winning/losing,Ignored
DislikedSurely there is a simple trading system that has better than 50:50 chance? Otherwise, trading is just a coin-toss decision. I can't believe that there is not a simple trading system that improves the odds to better than 50:50.
Anyone care to share?Ignored
DislikedHi all,
Just wondering what exactly do newbies do to lose?
I mean when you open a trade, regardless of any analysis you do, you are issued a 50:50 chance of winning/losing, so how do you lose overtime?
Well, i guess the first thing is trading cost, every trade you make it will cost you about 3 pips, so if a newbie makes 100 trades, 50 wins and 50 losses of equal size, they will end up down 300 pips. I think newbies have a tendency to make many many trades in a short period of time, the market rise a few pips and they buy, the market falls...Ignored
DislikedJust wondering what exactly do newbies do to lose?
What they do is trying to "trade."
When I started forex years ago, I rarely lost because I didn't "trade" per se. What I did was, I go short and long at the same time on the same pair (hedging), and take profit when I "feel good" about getting 200 or 300 pips. Then, I go short and long again from there, keeping the losing position. Then, go on and on and on. I ignored all common sense, such as SR, news, and STOP LOSS. Yes, this way I had to keep lots of positions all the time, but somehow...Ignored