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Popular forex quotes

  • #1
  • First Post: Jun 30, 2011 12:41pm Jun 30, 2011 12:41pm
I have read different quotes from a source. I liked these so thought to share with you.
Quote
”the only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…It is emotionally difficult to review your mistakes, since the speculator must wade through his own bad trades and blunders. And these are not simple blunders; these are blunders that cost money. Anyone who has lost money by investing poorly knows how difficult it is to reexamine what occurred. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”
Quote
"If you're going to panic, panic early."
Quote
Don't save what is left after spending; spend what is left after saving.
Quote
Never test the depth of the river with both feet.
Quote
Don't put all your eggs in one basket.
  • #2
  • Jul 1, 2011 2:25pm Jul 1, 2011 2:25pm
There's already a very good thread on famous forex quotes in the members' lounge, go & check it out

http://www.forexfactory.com/showthread.php?t=170543

And there I thought only bad brokers gave "re-quotes"
  • #3
  • Jul 1, 2011 2:28pm Jul 1, 2011 2:28pm
http://www.forexfactory.com/showthre...48#post4745248
Searching for a cure...:nerd:
  • #4
  • Apr 27, 2013 10:19pm Apr 27, 2013 10:19pm
"Scared money don't make money"


"What is comfortable is rarely profitable"


“The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”


"You can’t wait for an opportunity to become obvious"


"When an opportunity arises be the first to strike"


Source: http://www.top-forex-systems.com/quotes
  • #5
  • Apr 27, 2013 10:47pm Apr 27, 2013 10:47pm
Quoting expertreview
I have read different quotes from a source. I liked these so thought to share with you. {quote} {quote} {quote} {quote} {quote}

Quote
The examination of a losing trade is tortuous but necessary to ensure that it will not happen again

That is ridiculous!
How can examination of a losing trade ensure that it will not happen again?
It is almost impossible to avoid losing trades.
A losing trade is not necessarily a bad trade, just one that didn't work out.
Examination of hundreds of losing trades may help you to see a pattern and when to avoid certain trades.
Please Do Not PM Me With Coding Enquiries
  • #6
  • Apr 28, 2013 5:42am Apr 28, 2013 5:42am
Quoting Gumrai
{quote} {quote} That is ridiculous! How can examination of a losing trade ensure that it will not happen again? It is almost impossible to avoid losing trades. A losing trade is not necessarily a bad trade, just one that didn't work out. Examination of hundreds of losing trades may help you to see a pattern and when to avoid certain trades.
hey gumrai.... that quote is from jessie livermore long ago..... no one can say for sure, but odds are he did not mean it in the strictist literal terms....
//---

sometimes the loss might be due to a simple/complex coding error or perhaps just a situation not thought of prior..... close examination can lead to that error being fixed....

have mentioned this many times before, it seems to help me by not only examining every losing trade but also by having every closed trade drawn on the chart at all times.....h
to trade and code, keep both simple... no call to impress....h
  • #7
  • Apr 28, 2013 7:34am Apr 28, 2013 7:34am
Quoting hayseed
{quote} hey gumrai.... that quote is from jessie livermore long ago..... no one can say for sure, but odds are he did not mean it in the strictist literal terms.... //--- sometimes the loss might be due to a simple/complex coding error or perhaps just a situation not thought of prior..... close examination can lead to that error being fixed.... have mentioned this many times before, it seems to help me by not only examining every losing trade but also by having every closed trade drawn on the chart at all times.....h
Fair enough Hayseed.
I am sure that I am not alone in having examined a single losing trade and revising my strategy accordingly. Of course it did not improve my trading because the revision was based on a very small period.
By all means examine a losing trade, but if you feel that you adhered to your strategy that will win out in the end, do not change your method because of a single losing trade.
Please Do Not PM Me With Coding Enquiries
  • #8
  • Apr 28, 2013 2:34pm Apr 28, 2013 2:34pm
One can never positively review a broker until he or she is making a profit with the broker in question.
  • #9
  • Apr 28, 2013 8:40pm Apr 28, 2013 8:40pm
Forex is about converting cents to dollars, not the other way about..
  • #10
  • Apr 29, 2013 1:02am Apr 29, 2013 1:02am
Q. How do you end up with 1 million dollars trading the forex?
A. You start with 5 million
  • #11
  • Apr 29, 2013 11:37pm Apr 29, 2013 11:37pm
Quoting Mingary
Q. How do you end up with 1 million dollars trading the forex? A. You start with 5 million



True
  • #12
  • Apr 30, 2013 1:44pm Apr 30, 2013 1:44pm
Agreed and if you had converted the same to bitcoin, you'll get to the 1 million in half the time it would have taken otherwise..
  • #13
  • May 1, 2013 12:23pm May 1, 2013 12:23pm
"If you fail to plan then you've already planned to fail."
  • #14
  • Jun 30, 2016 3:05am Jun 30, 2016 3:05am
Smart trader buy at bottom and sell at the top, but loser brave enough to change that
  • #15
  • Jun 30, 2016 6:05am Jun 30, 2016 6:05am
"You only have to do a very few things right, so long as you don't do too many things wrong."
  • #16
  • Jun 30, 2016 9:09am Jun 30, 2016 9:09am
If you cannot control your emotions, you cannot control your money - Warren Buffett.
  • #17
  • Jul 1, 2016 3:23pm Jul 1, 2016 3:23pm
success is an acculturation of too many failures and never quitting.
  • #18
  • Jul 7, 2016 8:12am Jul 7, 2016 8:12am
The best traders have no ego. You have to swallow your pride and get out of the losses.
  • #19
  • Jul 25, 2016 10:59am Jul 25, 2016 10:59am
“Risk comes from not knowing what you’re doing.” – Warren Buffet

“In investing, what is comfortable is rarely profitable.” – Robert Arnott

“The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson

“Markets are never wrong – opinions often are.” – Jesse Livermore
  • #20
  • Jul 26, 2016 4:06am Jul 26, 2016 4:06am
"Many people seem to think that the chance in price in any one day is complete in itself and bears no relation to larger movements which may be underway. This is not so." - Charles Dow
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