Traded three years - Not profitable | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How many years to become profitable? 161 replies

How many years should I test My system, to consider it, profitable? 18 replies

What are the most commonly traded currencies in the Forex markets? 0 replies

Anybody traded NZD current account today? 13 replies

Top Most Traded 3 replies

Attachments: Traded three years - Not profitable
Exit Attachments

Traded three years - Not profitable

  • #41
  • Jul 16, 2013 11:02pm Jul 16, 2013 11:02pm
Quoting Akhtar Bakri
{quote} Agree, Don't Give up, if your systems is wrong, make a new one until you confident enough to do a trade on a real account. There a lot of tools that can help you, good indicators and good EAs. Make use of it. I believe you need to start fresh, leave what your learn before, I'm not say it wrong but its probably not suit your trading style, go learn from a different and new perspectives, try new system until you get it, learn from mistake and control your emotions. Wish You a Good Luck !
Couldn't have said it better myself, take baby steps
  • #42
  • Jul 17, 2013 12:13pm Jul 17, 2013 12:13pm
I would suggest focusing on 4hr charts and above, with simple price action. This way you ar given time to make decisions, the whipsaws in the market are lessened, and you are given time to get confident with trading
  • #43
  • Jul 17, 2013 3:34pm Jul 17, 2013 3:34pm
Quoting Bttech
So as a new trader (me) Is demo time wasted? I always thought that it was time well spent. Is it better to learn the basic on demo and then switch to a (small) live account to learn proper? Is it down to emotions or do the accounts behave differently?
I prefer trading a live accountn with $100 dollars on oanda. I trade very small lots, 10 pips = 1% of 10 dollars, so i lose very little per trade. I trade with a 10 pip stoploss on each trade.

I am satisfied that it would not matter if i traded with a million or 10 dollars, i would do the same.

I do prefer this way over demo, but its up to you.
  • #44
  • Jul 17, 2013 5:34pm Jul 17, 2013 5:34pm
Quoting Parox
{quote} Whole 03 years in demo trading ? That's really weird. At least try a small live account to test rather than consistently wasting your time on demo accounts.
Are you serious? Why try a live account if you can't be profitable on a demo account? Do you want to waste only time? Or both time and money? I guess the latter. Changing from demo to live won't make you suddenly profitable.
  • #45
  • Jul 22, 2013 7:54am Jul 22, 2013 7:54am
Quoting Laundry
I have been demoing and researching forex trading the past three years. I have been unable to make a consistent profit on demo during this time. I have only been focusing on 4 hour cards and lower. Aimed for good R:R Technical analysis WIll I have a better chance if I start looking at daily charts and trade from trendlines...etc
Everybody would agree that technical analysis doesn't work in the long run. Everybody draws trendlines differently from different points - so it is too subjective.
  • #46
  • Jul 22, 2013 2:16pm Jul 22, 2013 2:16pm
Quoting fibotrader30
Everybody would agree ...
Would you mind submitting your research on that?
I'm sure everybody would love to read it.
Carpe Divitiae
  • #47
  • Jul 22, 2013 3:24pm Jul 22, 2013 3:24pm
Quoting fibotrader30
{quote} Everybody would agree that technical analysis doesn't work in the long run.
I disagree with this statement.TA does work but you must combine it with real world news and fundies as well.
One makes an imprint as result of the other. TA involves lot more then TL
In trading, you have to be defensive and aggressive at the same time
  • #48
  • Jul 22, 2013 3:26pm Jul 22, 2013 3:26pm
Quoting fibotrader30
{quote} Everybody would agree that technical analysis doesn't work in the long run. Everybody draws trendlines differently from different points - so it is too subjective.
I could show you guys are insanely profitable using classical T.A.

There is a cerebral aspect of the game that is very hard to master.man's brain was not made to thrive in a probability based environment.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #49
  • Jul 23, 2013 12:27am Jul 23, 2013 12:27am
Quoting fibotrader30
{quote} Everybody would agree that technical analysis doesn't work in the long run. Everybody draws trendlines differently from different points - so it is too subjective.
True.
1) 95% lose at trading
2) They all use some sort of TA
therefore TA is for losers.
  • #50
  • Jul 23, 2013 8:43am Jul 23, 2013 8:43am
Quoting Starry
{quote} I prefer trading a live accountn with $100 dollars on oanda. I trade very small lots, 10 pips = 1% of 10 dollars, so i lose very little per trade. I trade with a 10 pip stoploss on each trade. I am satisfied that it would not matter if i traded with a million or 10 dollars, i would do the same. I do prefer this way over demo, but its up to you.
Good advice!
correct, it's much better to start with small sums but on real account, otherwise you won't learn (
  • #51
  • Jul 23, 2013 11:53am Jul 23, 2013 11:53am
Quoting fibotrader30
{quote} Everybody would agree that technical analysis doesn't work in the long run. Everybody draws trendlines differently from different points - so it is too subjective.
Huh?? Okay, where's the info to back up your statement?
  • #52
  • Jul 23, 2013 5:19pm Jul 23, 2013 5:19pm
Quoting Forexnuts
{quote} Huh?? Okay, where's the info to back up your statement?
I agree where is the proof because if TA does not work why do I make money lmao, TA works you just need to know what your doing.
  • #53
  • Jul 23, 2013 10:24pm Jul 23, 2013 10:24pm
Take a step back. open a plain chart with your chosen time frame. pick what you believe is a major SR area and only look to trade long above it and short below it. Don't expect to get rich quick. learn to spot opportunities.
Enter Signature
  • #54
  • Jul 23, 2013 10:52pm Jul 23, 2013 10:52pm
Quoting danny6787
{quote} I agree where is the proof because if TA does not work why do I make money lmao, TA works you just need to know what your doing.
Yeah, I know - it's one thing to make a dumb statement but to justify it with an even dumber generalization??
Guess it's that day of the week..
  • #55
  • Jul 24, 2013 8:50am Jul 24, 2013 8:50am
Quoting Forexnuts
{quote} Yeah, I know - it's one thing to make a dumb statement but to justify it with an even dumber generalization?? Guess it's that day of the week..
I agree I love these generalizations that nothing works that its all a scam, everyone is so worried about making money that they loose money. Not everyone is going to be good at it, there needs to be a looser in the market for there to be a winner.
  • #56
  • Edited 11:43pm Jul 24, 2013 9:40am | Edited 11:43pm
Pecuniae obediunt omnia
  • #57
  • Jul 24, 2013 10:06am Jul 24, 2013 10:06am
Quoting Davit
{quote} I disagree with this statement.TA does work but you must combine it with real world news and fundies as well. One makes an imprint as result of the other. TA involves lot more then TL
I disagree with you Davit.

I am trading pure price action, absolutely no indicators and with absolutely no fundamental input at all... and its working OK so far (last 5 weeks anyway).
In the days of old when sailors were bold, and seldom if ever contented.
  • #58
  • Jul 24, 2013 1:20pm Jul 24, 2013 1:20pm
Quoting pt49
{quote} I disagree with you Davit. I am trading pure price action, absolutely no indicators and with absolutely no fundamental input at all... and its working OK so far (last 5 weeks anyway).

So, no chart, just an order book/dom?

If not and you're looking at "price action" patterns on a chart, then you're using technical analysis. Like it or not.
Sorry to burst your bubble ;-]
Carpe Divitiae
  • #59
  • Jul 24, 2013 2:37pm Jul 24, 2013 2:37pm
Traded three years - Not profitable

... and who is ?
  • #60
  • Edited 3:18pm Jul 24, 2013 2:44pm | Edited 3:18pm
Quoting Laundry
I have been demoing and researching forex trading the past three years. I have been unable to make a consistent profit on demo during this time. I have only been focusing on 4 hour cards and lower. Aimed for good R:R Technical analysis WIll I have a better chance if I start looking at daily charts and trade from trendlines...etc
Demo is too safe, it won't piss you off enough to force yourself to try harder. Too safe, particularly after 3 years... take a risk, mess up, and learn from it.. Rinse and repeat. 12 months time and you won't know yourself.

Just a small account to start will suffice.
Time hides Nothing
1 trader viewing now