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At What Point Do You Give Up On Forex

  • #361
  • Sep 26, 2013 7:31am Sep 26, 2013 7:31am
Quoting webcom
The mere existance of this thread is a long waited wake up call and a sign that more and more people realize that "it was just a dream... just a dream...just a dream" Retail forex is a fantastic way of keeping yourself entertained the same way you watch sports on tv. The difference, in forex advantage,is that you can watch and bet 120 hours a week every minute of it! For those who are still thinking they can make an income out of it ,please ,please forget about it all! This huge Retail-forex hoax has lured tens of thousands and more thousands...

I have to disagree with you.


The difference between success and failure lies within you. It is however a fact that all traders cannot become profitable for the simple reason that all people are not alike. Most traders simply do not have what it takes to become successful. They are not prepared to change what they need to change in order to win this game.

Most give up because of their own inability to overcome the obstacles.

Rather than blaming the brokers etc, one should perhaps be honest and say that forex is not for you.

Never Ever Give Up!

Never Ever Give Up!
  • #362
  • Sep 26, 2013 1:18pm Sep 26, 2013 1:18pm
Quoting Cobra
{quote} I have to disagree with you. The difference between success and failure lies within you. It is however a fact that all traders cannot become profitable for the simple reason that all people are not alike. Most traders simply do not have what it takes to become successful. They are not prepared to change what they need to change in order to win this game. Most give up because of their own inability to overcome the obstacles.Rather than blaming the brokers etc, one should perhaps be honest and say that forex is not for you.Never Ever Give...

as the saying goes dont blame others
Its fun reading people who say o i read a book and use some strategy/robot and i make profit,what a bull crap.If you ever read a book then first thing you should of read that in forex at any given time anyone can enter a trade that can change outlook completely,and there is no such term successful or pro forex trader,only those who get payed to trade someones funds and are hired by banks,institutions that have trading licenses and proper training can be called traders,the rest is just someone who pretends to be one,one can be a pilot,another can play plane simulator at home both can be successful,but only one is qualified and has real skills.
i dare people who are into forex to try to apply for trading license or just download test questionnaire,as i know when i did it,there wasn't single question i could answer.
Only real way of someone making it in forex is to use 0 leverage and have 10-100k in spare cash that you could put away for a 3-12 months and maybe turn some profit at some point.Otherwise every trade will bring you pennies that arent worth time invested in it, or burn account with a single over leveraged trade.
  • #363
  • Sep 26, 2013 2:06pm Sep 26, 2013 2:06pm
Quoting pinkiaiii
{quote} as the saying goes dont blame others Its fun reading people who say o i read a book and use some strategy/robot and i make profit,what a bull crap.If you ever read a book then first thing you should of read that in forex at any given time anyone can enter a trade that can change outlook completely,and there is no such term successful or pro forex trader,only those who get payed to trade someones funds and are hired by banks,institutions that have trading licenses and proper training can be called traders,the rest is just someone who pretends...


Some People never changes...i am seeing you in this forum from last 2 years , same negative attitude.

In your statement both statements are contradictory ....1 paragraph says its impossible to trade forex for retail guys..second says it is .

If i know that something is impossible , i would never look back at that thing ever again....but still you keep visiting this forum continuously ranting with negative attitude.
Now ask your self what is that within me , which keeps on making me visit this forum. Its in the hope that someday , just someday someone will show you the way towards the holy grail.

Until you prove its impossible for anyone to trade forex successfully with facts , you should not interrupt other who believe in their self and are trying it.
  • #364
  • Sep 26, 2013 2:57pm Sep 26, 2013 2:57pm
Quoting webcom
. Retail forex is no moe no less than a gigantic bucket-shop .None of your "orders" reaches the market and the Money Pool of these bucket shops consists EXCLUSIVELY of your and others dreamers money. The so called" 6 trillion dollar market" from which you are supposed to get some crumbles is NOT the market you place your "orders" on. Neither does your "broker "....... Happy those who give up "retail forex" before it`s too late.
You do not need your orders to reach the spot market to make a profit. Retail price and spot price are not much different. you cannot make it does not mean all others have to give up.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365
  • Sep 26, 2013 3:15pm Sep 26, 2013 3:15pm
Quoting pemully
I think part of the reason some make it is their foundation.I first read Reminiscences of a stock operator and it ingrained in me some very important lessons. 1.Risk management-no averaging down 2.Hope and greed-cut losers short let profits run 3.Follow the trend 4.price action around pivots(00) 5.you cant beat the market forever-your edge will finally wane. The most profitable systems available for retail are low win systems,for instance I have backtested a very simple system which in its basic form wins about 25% with a payout of 4.The volatilty...
Good work!

I likewise prefer low win, trend following concepts; and agree 100% with you about risk management.

It's always good to read a positive post amidst all of the skepticism and negativity spewed by the naysayers. It's hardly surprising that many of the most constructive contributors have left the forum.
  • #366
  • Sep 26, 2013 3:47pm Sep 26, 2013 3:47pm
understand who you are taking money from. there is no eternal source of profits for traders. It is just losing traders that pay the other group. And losing trader group changes quickly and therefore change ways how to take money from them.

I agree persistence is key. To 'make it' one needs to be in the winning group most of time. And takes skills developed over time to stay there as criteria change and greet newcomers to markets as your food.
  • #367
  • Sep 26, 2013 4:09pm Sep 26, 2013 4:09pm
Quoting ronaleo10
{quote} Some People never changes...i am seeing you in this forum from last 2 years , same negative attitude. In your statement both statements are contradictory ....1 paragraph says its impossible to trade forex for retail guys..second says it is . If i know that something is impossible , i would never look back at that thing ever again....but still you keep visiting this forum continuously ranting with negative attitude. Now ask your self what is that within me , which keeps on making me visit this forum. Its in the hope that someday , just someday...

Lol my last visit here was a year ago or so besides today.
And yes i know personally who is successful trading over the years.But todays Idea and advertising of forex is just based on dreams and numbers that most people will never see.As people said you need new bait to fund the rest,as forex these days isnt what it was over 15y ago,now its made of small brokers who have limits low as couple $ for account and leverage up to 500%,where in the old days only people who had 100k minimum cash could to the trading and it was put into the liquidity.
going by stats nowadays its what ? 5% that make profit in the long run or so,meaning 95% eventually lose.
Now i might sound negative because i learned valuable lesson,its not to trade if you dont have the funds to.and i dont mean thousand or two,to spare.
As people keep asking how long does it take to become a full time job,or how quickly can i trade to make enough for living,and the answer for most of them is they wont make anything out of it,because if you dont have 4digit account of cash ,that you can trade with 0 leverage and live out trough commission costs/swap rates and wait out couple months or so to take profit you eventually gonna lose all your account.Simple as that,as for keeping dream alive theres always someone who puts in 500$ and few weeks later turns it into 5k,but as i said that someone who could fly a plane on a simulator, doesn't mean they are pilots
  • #368
  • Sep 26, 2013 4:24pm Sep 26, 2013 4:24pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
You quit once it comes to the fruition that you are not worthy or smart enough to figure out the fractal algorithms

that are obviously needed for a successful extraction and realization of profit from the market on a consistent basis....


Quite frankly, I feel sorry for those that never got to make it that far and quit before seeing the potential of the type

of return that one can earn from only a couple of hours of days work..........
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #369
  • Sep 26, 2013 4:27pm Sep 26, 2013 4:27pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
All naysayers need to ban they own self and let the others get to work and continue

to work peacefully....Ban yourself if you can't make money in forex and want others

to fail too just like you did....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #370
  • Sep 26, 2013 5:13pm Sep 26, 2013 5:13pm
The analogy you keep giving about flying the plane is flawed ,
Lets say 1 guy has 6 months of experience of simulated flying ...and other guy has no experience..
Now none of them is real pilot but when they both go for real training ..the one with simulation experience will learn faster and if my life depends on them and if i have to choose anyone ..i will choose one with simulation experience.
You got my point same goes with trading...

As everyone knows here leverage is double edge sword ,,it doesn't matter what leverage you use as far it allows your statistical edge to play out .Just by choosing more leverage than 0 doesn't gonna make you lose.
What i am trying to say here is if you don't have the edge in your trading , even 0 leverage isn't going to help you.

whatever you are stating here is based on your own interpretation of your experience or failures.And thus unless you prove with objective facts that its impossible for anyone to make money in long run, you or for that matter anyone else should not interfere or discourage others who are doing it.
  • #371
  • Sep 26, 2013 5:24pm Sep 26, 2013 5:24pm
Quoting pinkiaiii
{quote} Lol my last visit here was a year ago or so besides today. And yes i know personally who is successful trading over the years.But todays Idea and advertising of forex is just based on dreams and numbers that most people will never see.As people said you need new bait to fund the rest,as forex these days isnt what it was over 15y ago,now its made of small brokers who have limits low as couple $ for account and leverage up to 500%,where in the old days only people who had 100k minimum cash could to the trading and it was put into the liquidity....
you just do not know who provide the main peanut and butter in the FX world. It is not the small retail traders. The peanut and butter in the FX world are the big commercials. They always will provide peanut and butter. only 5% of retail traders do not give up, and work hard enough to take a share off the peanut butter.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #372
  • Sep 26, 2013 5:28pm Sep 26, 2013 5:28pm
Quit when you have made $100 Million!
Orderliness of Randomness
  • #373
  • Oct 1, 2013 4:35am Oct 1, 2013 4:35am
The Saddest Thing In Life Is Wasted Talent, And The Choices That You Make Will Shape Your Life Forever.
  • #374
  • Oct 1, 2013 5:02am Oct 1, 2013 5:02am
Quoting PoundTrader
The Saddest Thing In Life Is Wasted Talent, And The Choices That You Make Will Shape Your Life Forever.
you make it sound as if people have choices.

probably they do but very few and bad ones.
  • #375
  • Oct 1, 2013 7:08am Oct 1, 2013 7:08am
exactly at 5.4 mil in cash
other side effects are just a bonus
With a good book and quality paper you can fine wipe your ass.
  • #376
  • Oct 2, 2013 11:24am Oct 2, 2013 11:24am
If you are bored or looking for new ideas.. try learning more about the financial markets in general and how you as a forex trader fit in. It might give you a better idea of what actually goes on outside of the charts an the subset of the market forex retail traders play in.

The free open Yale economics courses on financial markets are a good start: http://oyc.yale.edu/economics/econ-252-11#sessions

If you're thinking of giving up, it's probably because you haven't found anything convincing and meaningful in helping you achieve your goals. It's a big market out there so if retail forex isn't for you, try something else maybe like futures, options, stocks? You can make money in them all!
  • #377
  • Oct 2, 2013 1:16pm Oct 2, 2013 1:16pm
Retail Forex "trading" is a big ,big hoax,unfortunatelly, but the activity as itself is very entertaining and fun!

Only don`t put real Money on it and you have a very stimulating game.

http://en.wikipedia.org/wiki/Foreign_exchange_fraud
  • #378
  • Oct 2, 2013 1:24pm Oct 2, 2013 1:24pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting seaman2
{quote} you make it sound as if people have choices. probably they do but very few and bad ones.

I feel sorry for anyone who feels this bleak and morbid outlook on life...

For their is more abundance,happiness and opportunity available than

most think...one just has to look up and see the view all around you
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #379
  • Oct 2, 2013 1:38pm Oct 2, 2013 1:38pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting ffleo
{quote}only 5% of retail traders do not give up, and work hard enough to take a share of and off the peanut butter.
this is a brilliant premise and angle at which to look upon ......

I have never thought of it like that but you may very well appear to be incredibly

plausible on your concept.... The only reason 95 percent lose in forex (just like in life)

is because 95 percent quit, give up and just the accept the fact that they believe they

themselves are incapable of success through such outlets and channels that are

available and presented to any and every one.... And the 5 percent of traders ( and in life )

who make it are the ones with the savvy know how( wit ) to endure until they achieve the

desired outcomes that was expected in the first place from the very beginning when they

first came upon the subject with such zest and charisma.... ....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #380
  • Oct 2, 2013 1:47pm Oct 2, 2013 1:47pm
Quoting Owl
{quote} this is a brilliant premise and angle at which to look upon ...... I have never thought of it like that but you may very well appear to be incredibly plausible on your concept.... The only reason 95 percent lose in forex (just like in life) is because 95 percent quit, give up and just the accept the fact that they believe they themselves are incapable of success through such outlets and channels that are available and presented to any and every one.... And the 5 percent of traders ( and in life ) who make it...
You can be in the 5% one day and back to the 95% the next. Meaning that long term no one succeeds.
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