What are the problems you face while trading? | Forex Factory

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What are the problems you face while trading?

  • #1
  • First Post: Oct 13, 2013 2:33pm Oct 13, 2013 2:33pm
Hello fellow traders!

Trading if fun, but it's also hard and boring sometimes.
I'm curious to know what are the problems your are facing while trading. I mean, what are all the things you find hard to do, or can't do, or would like to do more easily?

Some random example:
- Keeping a trading journal
- Getting advice on your technical analysis
- Learning forex basics and discovering new strategies
- Following too many markets
- Etc.

So my question is: as a trader, what are the problems that you have, and would like to be solved?

Thanks!
  • #2
  • Oct 13, 2013 8:14pm Oct 13, 2013 8:14pm
I find it difficult to remain humble while having success with fx and making money.
been there done that, Good Bye
  • #3
  • Oct 13, 2013 8:50pm Oct 13, 2013 8:50pm
Quoting thomaas
I'm curious to know what are the problems your are facing while trading. I mean, what are all the things you find hard to do, or can't do, or would like to do more easily?
//-----

1. the inability to have opposing trades...... opposing trades can be a positive.....

2. fifo....... fifo can be a negative.....

3. metatrader build 500 and up..... the definition of overkill .........h
to trade and code, keep both simple... no call to impress....h
  • #4
  • Oct 17, 2013 9:42am Oct 17, 2013 9:42am
lonely business, no time for other life, and weekends for relaxing, so what can you do other than accept that, this is how it is
  • #5
  • Oct 17, 2013 6:43pm Oct 17, 2013 6:43pm
Quoting juhanimi
lonely business, no time for other life, and weekends for relaxing, so what can you do other than accept that, this is how it is
what???

This is the perfect business: no stupid boss no crazy clients.
just watch the news while are you in toilet and make money while you make shit.
You can go anytime to holiday, just 3G and a mobile needed.

change the trading style buddy!


as regarding me:

I close the winner trades to spoon limiting my profits...fear
I let a relatively to big floating draw down, which can result in ugly spiky equity curve.
16x trade size as how is it usually makes a psicho pressure on me, so can't handle PAMM accounts loans. properly.
I think my problems are from leak of enough experience. need more few years
I want to buy PATIENCE
  • #6
  • Oct 17, 2013 10:21pm Oct 17, 2013 10:21pm
yes, no bosses, no clients, no other humans, just you and charts, monitors, so that is lonely business
and holidays are for relaxing, not working on holidays, i think i couldn`t even trade from one mobile thing or laptop either
changing trading style is maybe not option, some can trade daily charts and so on, but i don`t have that kind of trust to the markets, anything can happen in the world and so i don`t have that feeling that i can leave money on the table overnight
anyways, we are different, we have different risk tolerance and so on
so, my problem is that this is lonely business, that is all
have a good trading buddy
  • #7
  • Oct 30, 2013 5:29am Oct 30, 2013 5:29am
Quoting george55
Hi everyone, My biggest obstacle/problem in trading was controlling my emotions. That’s very hard to overcome especially when you are new to trading. But by getting experience in trading you also get the experience of controlling your emotions.!!
Emotions was never easy to control. There always greed in every opportunity
Trading is something special.
  • #8
  • Oct 30, 2013 10:46am Oct 30, 2013 10:46am
Greed, Fear and other psychological reasons to fail in this business can't be solved by reading books, talking to friends or opening threads on forums.

99% of these problems appear due to your childhood. Too many factors for you to understand without proper assistance.

After I blew a major account I decided the most important from my trader's life and not only. I decided to go to a shrink or what ever they are named. I found out that my childhood is the reason I can't control my feelings. The lack of trust in my self was determined by the lack of father and so on... 20 hours of discussions made my hole fkin life spin around and turned me into a better trader, husband and friend.

First thing I did in trading after this discussion was to stop trading and actually start studying. Then after studying I decided to trade with 100$ what I learned. Yep, 100$ with nano lots and I couldn't believe my eyes that I Was able to do that. Now I'm fine.

The scary thing about trading is that you are your own boss. It has Pros and Cons but among the Cons the most important is that we are the only ones responsible for our actions. Imagine that if you'd be trading or actually working in a company, your decision, even if it's really wrong, would get through a lot of filters before starting to affect your firm. In trading there is no one to guard you and that's why you can trade ONLY when you made peace with your self.

Cheers

P.S.: find an online psychologist. No need to spend thousands in live sessions...
  • #9
  • Oct 30, 2013 11:08am Oct 30, 2013 11:08am
Quoting fahren
Greed, Fear and other psychological reasons to fail in this business can't be solved by reading books, talking to friends or opening threads on forums. 99% of these problems appear due to your childhood. Too many factors for you to understand without proper assistance. After I blew a major account I decided the most important from my trader's life and not only. I decided to go to a shrink or what ever they are named. I found out that my childhood is the reason I can't control my feelings. The lack of trust in my self was determined by the lack of...
Well written. Thanks for sharing.
Don't blame the tools. Blame the carpenter.
  • #10
  • Oct 30, 2013 12:48pm Oct 30, 2013 12:48pm
Quoting juhanimi
yes, no bosses, no clients, no other humans, just you and charts, monitors, so that is lonely business and holidays are for relaxing, not working on holidays, i think i couldn`t even trade from one mobile thing or laptop either changing trading style is maybe not option, some can trade daily charts and so on, but i don`t have that kind of trust to the markets, anything can happen in the world and so i don`t have that feeling that i can leave money on the table overnight anyways, we are different, we have different risk tolerance and so on so, my...
I think I am antisocial: no facebook account... even now I have Skype invite requests. But I use skype for job interview only
Maybe I don't have 100 requests but I don't feel alone in this business. You can meet even girls.too.
I want to buy PATIENCE
  • #11
  • Last Post: Oct 31, 2013 4:46pm Oct 31, 2013 4:46pm
I find it difficult adapt me to a new strategy and sometimes get carried away by my emotions.
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