I am a loser in Forex trading, are you? | Page 2 | Forex Factory

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I am a loser in Forex trading, are you?

  • #21
  • Oct 23, 2014 10:38pm Oct 23, 2014 10:38pm
Quoting FreeLancerPT
If you have more losing trades than winning , I have a simple solution to you! Reverse your trades now you will pass have more winnig trades than losing =D N
You are 100% wrong if you think that reversing a losing strategy will make it profitable.
MT4/MT5 EAs/Indicators/Alerts coder
  • #22
  • Oct 23, 2014 10:47pm Oct 23, 2014 10:47pm
Quoting FerruFx
{quote} You are 100% wrong if you think that reversing a losing strategy will make it profitable.

YUP. You nailed that one.
  • #23
  • Oct 23, 2014 11:30pm Oct 23, 2014 11:30pm
Quoting FerruFx
{quote} You are 100% wrong if you think that reversing a losing strategy will make it profitable.
And thats what blows my friggin mind!!! Why that works.
  • #24
  • Oct 23, 2014 11:35pm Oct 23, 2014 11:35pm
How to get a job as a forex broker?
  • #25
  • Oct 23, 2014 11:39pm Oct 23, 2014 11:39pm
Advise;Say you see the usd jpy in an extreme position, like a 5 year high, you know that sucker is going to drop eventually, wait for a reasonable time to punch in, hang on to your bias until you feel the trend is slowing down and bail....

wait it your the extreme chance in your bias, even if it takes a month for the opportunity to arise...this is investing, buy low sell high... Opportunities aren't always daily
  • #26
  • Oct 23, 2014 11:50pm Oct 23, 2014 11:50pm
Quoting pbylina
{quote} And thats what blows my friggin mind!!! Why that works.
That doesn't work ... and will never.
MT4/MT5 EAs/Indicators/Alerts coder
  • #27
  • Oct 24, 2014 12:26am Oct 24, 2014 12:26am
Quoting DaTokyoHustl
Advise;Say you see the usd jpy in an extreme position, like a 5 year high, you know that sucker is going to drop eventually, wait for a reasonable time to punch in, hang on to your bias until you feel the trend is slowing down and bail.... wait it your the extreme chance in your bias, even if it takes a month for the opportunity to arise...this is investing, buy low sell high... Opportunities aren't always daily
Knowing basic fundamentals and you would not take such a position. The JPY govt. and bank are on a long term depreciation of the YEN that means short term retracements but long term JPY is going down and will continue to go down long term. Trading in the direction of long term fundamentals is a good way to trade Forex. To do that you either have to have that information, ie. what are long term fundamentals, or you need to read the high end charts Weekly and Monthly. This will allow you to trade into the long term trend of a currency.
Important INFO #1
For example I know that the gbp/usd has stayed in an 1800 pip range the last 5 years. When it gets to the top of that range I look for sell opportunities and when it gets to the bottom I look for buy opportunities.
Important INFO #2
What ever direction price starts going at the beginning of the month, it usually stays that way for the month. SO If price starts down for the month I look for sells that month. If price goes up at the beginning of the month I look for buys that month. Now at least you have a chance. But trading without looking at the high end charts and not knowing what they are doing is suicide in this business. Hope this gets you in the right direction for trading.
Attached Image (click to enlarge)
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  • #28
  • Oct 24, 2014 12:32am Oct 24, 2014 12:32am
....don't know about you bob but I've done %250 of my margin this month...
  • #29
  • Oct 24, 2014 12:39am Oct 24, 2014 12:39am
Now you can look to buy the USD/JPY at these areas and take the ride.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.mMonthly.png Size: 66 KB
  • #30
  • Oct 24, 2014 12:41am Oct 24, 2014 12:41am
Quoting DaTokyoHustl
....don't know about you bob but I've done %250 of my margin this month...
If your trading style can make you 250% in one month you can lose 250% ooooooops cant lose that much but you can lose 100%. I trade with 10's of thousands of dollars in an account and you dont trade that kind of money with that kind of risk.
  • #31
  • Oct 24, 2014 12:45am Oct 24, 2014 12:45am
Quoting nanningbob
{quote} If your trading style can make you 250% in one month you can lose 250% ooooooops cant lose that much but you can lose 100%. I trade with 10's of thousands of dollars in an account and you dont trade that kind of money with that kind of risk.


... unless you take trading as a game.
MT4/MT5 EAs/Indicators/Alerts coder
  • #32
  • Oct 24, 2014 12:48am Oct 24, 2014 12:48am
Quoting DaTokyoHustl
....don't know about you bob but I've done %250 of my margin this month...
I pray for you really.. please keep up the good work consistently for at least 12 months.. and i bet Warren Buffet will knock your front door with pretty smile in his face..
  • #33
  • Oct 24, 2014 1:04am Oct 24, 2014 1:04am
Which is exactly the reason why you only trade with tens of thousands bob....
  • #34
  • Oct 24, 2014 1:11am Oct 24, 2014 1:11am
Point being, is to be a least 85% confident in your dealings! whatever crystal ball you chose to use! I prefer gravity
  • #35
  • Oct 24, 2014 1:11am Oct 24, 2014 1:11am
Quoting DaTokyoHustl
Which is exactly the reason why you only trade with tens of thousands bob....
Go to this thread and read. These are guys/gals have traded with millions of dollars and have traded for banks and other financial institutions. You wont find your foolishness there.

http://www.forexfactory.com/showthread.php?t=486128
  • #36
  • Oct 24, 2014 1:12am Oct 24, 2014 1:12am
Quoting DaTokyoHustl
Point being, is to be a least 85% confident in your dealings! whatever crystal ball you chose to use! I prefer gravity
I'd rather be 100% confident, every time, all of the time with my trades.
All posts are my personal opinion
  • #37
  • Oct 24, 2014 4:11am Oct 24, 2014 4:11am
in my opinion winning or losing its about ourself i think. its not about program software or anything. we can have the best system, but if always greed, mad, confuse, fear etc....then like me the account always boooommm. hahahahahahaha, cause i always greed, fear, mad, action without think etc.
we don't predict, we only ride
  • #38
  • Oct 24, 2014 4:18am Oct 24, 2014 4:18am
Quoting cakrajaya
in my opinion winning or losing its about ourself i think. its not about program software or anything. we can have the best system, but if always greed, mad, confuse, fear etc....then like me the account always boooommm. hahahahahahaha, cause i always greed, fear, mad, action without think etc.
Give the holy grail to 100 traders ... most will fail with it ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #39
  • Oct 24, 2014 4:20am Oct 24, 2014 4:20am
Quoting FerruFx
{quote} Give the holy grail to 100 traders ... most will fail with it ...
100% or maybe 1000% agree
we don't predict, we only ride
  • #40
  • Oct 24, 2014 5:04am Oct 24, 2014 5:04am
Quoting FerruFx
{quote} You are 100% wrong if you think that reversing a losing strategy will make it profitable.
Quoting nanningbob
{quote} YUP. You nailed that one..
Jesus i can't make a joke? to relax? take it easy
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