My trading is bad trading

Hi guys, i am young trader from Czech Republic. I try trading over 2 years.
Lost 250usd on real Acc, destroy to much demo accs, now retry on real acc
with 200usd and i think its time to be winner! I really want win on forex,
for me its bad, i no have any strategy guys, i trying so much strategies from
internet. Now my question. Can anyone teach me? I no have money to pay
teacher. I must first earn money. If anyone willing to send me some strategy
or teach me, so let them hear. Thanks!

And sorry for me bad English, i am from Czech Republic.

You destroyed all demo accounts and then moved to live thinking it would change your luck? Please go back to demo and learn price action. That is the best advice I personally can offer you at this stage of the game. You can learn here on FF.

Ancient Proverb
Insanity is doing the same thing in the same way & expecting a different outcome.

perhaps switch to higher time frame?

Me like small timeframes sir. On big timeframes i no see any chance for trading.
No strategy, this is me fault.

Next trade now. Every trade lost. I am noob.

Why do you think those trades are bad ?
Why were they good when you took them?

I think they still go against me.

ok. so you buy and the price goes down. You sell and the price goes up?
Is that what you mean?
If yes, that's what the price is supposed to do.
therefore they cannot be bad trades and your trading cannot be bad trading.
Just put a "plus" in your account instead of a "minus". I bet that at some point a few of your trades will always be positive before turning negative (and all combinations herein)

If you don't have strategy, and you don't want think, you want make money right now - so - the best way for you it's martingale or grid strategies. It'll give you a some illusions of profit.

I think you've been following the rules or the lessons taught in trading books a bit too much. Take your case for trend lines. I don't like to make entries based on trend lines because the thing about trend lines is that they can be redrawn as prices touch new areas of of the chart. And so, wouldn't trend line connection points tell us this much?

Same thing with support and resistance. Many people argue that support and resistance becomes stronger the more times it has been tested. Read up on an article by OTA which I agree more with. If many buyers buy at a support level and do so each time, wouldn't there eventually be a point where no one is left to buy and thus the support no longer works? Anyways, these are just two interpretations I have after spending my own time reading up on some successful traders.

My tip, or not really mine, but from a successful trader on this forum: if you can double up on three demo accounts, then you are ready to trade.

Hi Bro, don't be demoralize, trading really takes a lot of time. Everyone have bad trades on and off. If you have Skype and can communicate in English, you have time, you don't mind taking short profits from 5-10 pips per trade, you can follow simple rules, you have the patience to grow your account, you can PM me your Skype ID and I will hit you up. I can assist you with simple strategy, and you don't need to be expert in trading. Just slowly grow and gain experience and learn while trading a simple method.

Don't worry, I am not selling you anything, nothing I expect from you. I will only be free for 1 week.

Cheezy

First and foremost, trading must be kept as simple as possible. But it can only be simple once you know what to do and what not to do... much of this is market nuance only learned through live trading. This reduces paralysis from too much information. I trade quality patterns on higher time frames. The shorter the time frame, the more risk for error, and failure of a setup, which also causes more stress.

After all, we all try to roboticize the way we make decisions but we are nonetheless human.

Keep it simple.

I would first...

- Write up a trading plan ( which pair to focus on ) ( which time frame is best for you, be realistic ) ( which setups to trade ) ( risk per trade, expected drawdown etc ) etc...
- Have realistic expectations ( Don't shoot for 400% a year ) be professional about it. Trade as if you are a FX fund manager, doing 5 - 30% a year is pretty good unleveraged. Meaning don't over risk. Obviously some trades deserves more risk than others... but if you only trade good setups, then there shouldn't be much of a problem.
- Keep a journal not only for trades, but your emotions, thoughts, etc... psychology, goals... etc. And how to overcome these things through realistic concentrated practice.

In the end, ask yourself.... do you want to do this for a living in the end, goal?

What do you want to achieve out of trading FX or any product matter of fact... now knowing what is realistic...what steps can you do to achieve it.

Most of us including myself is in it for income towards the end to retire or what have you... knowing safely to target 5-30% a year unlev... you need experience and... 1 - 5 mil trading capital to achieve a good living with a very high margin of safety.

Be realistic and best of luck.

Ok guys, i go back to demo acc. GoogleTrader what its Grid Strategy?
Thanks for comments guys. Kinspk please add me on Skype: Cheezy_cz.
Anyone send here any link for simple strategy.

Hello Cheezy,

I am really sorry to hear that you are struggling so badly.

You ask people to send you strategies but unfortunately this will not help you. You must find out what sort of approach will suit you and then choose a strategy based on that.

Maybe focus on learning price action as this really is the essence of all trading.

Forex Focus

Cheezy, there is no easy way to make money. At least 96% of traders lose money on Forex market and you are looking for a simple strategy to make money...

Another thing, I saw you got a relatively huge bonus on your account. Believe it or not, but brokers who give out big bonuses are more likely to scam you!

olympus999

If you want a list of strategies, I find this link helpful:

http://forex-strategies-revealed.com/intro

Don't worry, everything is free. Strategies are categorized from basic to advanced. Guess the most logical place to start would be basic and then move on up from there.

Thanks guys!

Olympus999: Its AVA Trade broker - http://www.avatrade.com/ its a scam?

According to the forex peace army, they are scammers. I would avoid them.

This is very true, had personal experience with those kind of broker, you never get to withdraw your profit. They slowly delay you with all kinds of methods, and eat up your profit with your spread widen in surprise. And those with SL, will start wondering why keep hitting SL.

Earlier had went thru a short meetup with Cheezy, I think he will be changing broker, the spreads are no good for his style of trading as he prefer shorter timeframe.

Here's my 2 cents. You need to scrap everything your doing and start all over. To be successful at anything first you have to learn how to crawl, then walk, then run, then race. You are trying to do it backwards and it won't work. It will do you no good to try price action or any other strategy if you don't understand the basic's of the forex. First write out a list of why you want to trade. Be specific. Don't just say so I can work from home, or work from home. Write the whys out in detail. You can use the reasons of why you want to trade down the road when you write out your trading plan.

Start of by getting a good understanding of the basic's of the forex (learn how to crawl). There are all kind of free forex courses that will teach you the basics. While you're learning the basic's, open your demo account so you can apply what you're learning and practice. Post anything you don't understand here; as you can see there's all kinds of people that will help you, again for free. Next is learning how to walk by using your basic knowledge of forex and reasons why you want to trade, and pick a strategy that is based on who you are and what type of trader you want to be. Again need help, ask questions here. Keep practicing your strategy in your demo applying what you're are and have learned to refine your trading method. Next write out your trading plan, based on what you're trying to accomplish, how you want to do it. Write out your trading method outlining your trade rules based on the money you have available and what you have learned in the basics that applies to money management. Once that's done. open your live account and work your trade plan using patience and discipline. Now you race.

Most successful traders will tell you to have long term success you need to have: a trading method that will put the balance of probabilities on your side, that is executed using proper money management with patience and discipline. Not everybody gets there with the same trading plan. Some get there by scalp trading, others day trading, others swing trading, some with indicators some without, but they will all agree what you need. Hope this helps. Good Luck
Gp