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Honestly frustrated with trading forex

  • #41
  • Sep 17, 2015 8:10am Sep 17, 2015 8:10am
Quoting cvds16
{quote}I have known some impressively intelligent people (phd-level) putting immense effort into this following similar advice to no avail ...
It doesn't necessarily take intelligent people with high degree's to be profitable, they can be, but so can an avarage Joe.
Most times a simple approach works best, and the discipline to follow your own rules would also come in handy.
Persistence will get it. Consistency will keep it.
  • #42
  • Sep 17, 2015 8:30am Sep 17, 2015 8:30am
Quoting cvds16
[...] I have known some impressively intelligent people (phd-level) putting immense effort into this following similar advice to no avail [...]
Intelligence in not really needed in trading. Phd's are used to think about complex problems. Therefore it is quite possible that trading is even harder for them, as they might be trying to solve this trading thing and fall in the over-analyse / holy-grail trap.
..
  • #43
  • Sep 17, 2015 8:45am Sep 17, 2015 8:45am
trading is a skill.
however not everyone can master it just like with any other form of art
As Above, So Below
  • #44
  • Edited 9:16am Sep 17, 2015 9:00am | Edited 9:16am
Quoting skyway
{quote} No matter what your credentials, real or made up, all you are saying in your long posts is "it did not work out for YOU". You could have said that in one simple sentence.
Took the words right out of my mouth! Just because he and his friends didn't succeed in trading forex or short-term trading, he thinks we are going to be the same. LOL
Make your losses in demo. Earn your profits live.
  • #45
  • Sep 17, 2015 9:15am Sep 17, 2015 9:15am
Quoting cvds16
still leaves you with plenty of time to fund yourself by taking up a normal job in the meantime ...
A normal job in the meantime? You mean trading a whole bunch of stocks in a sort of funds and arbitraging like you? Arbitraging is nice as long as there is still differences once those tiny little bit differences are gone, so goes your arbitrage. So how is your trading of stocks a "normal job" and ours is not? Just because you don't think we have a chance in success and somehow investing in your stock "fund" will have a chance in being successful? LOL

Anyway, this is a thread for discussing trading in the FOREX market. I don't know why you are here since you are mostly interested in promoting your "fund" in stocks and trading options. There is another section on FF that's dedicated to trading in non-forex products. You should go post your comments there NOT here.
Make your losses in demo. Earn your profits live.
  • #46
  • Sep 17, 2015 9:39am Sep 17, 2015 9:39am
I am so stressed looking the fluctuating market, Do you guys a new one here in the Forex trading? I am the new trader
  • #47
  • Sep 17, 2015 9:50am Sep 17, 2015 9:50am
Quoting skyway
{quote} No matter what your credentials, real or made up, all you are saying in your long posts is "it did not work out for YOU". You could have said that in one simple sentence.
you obviously are not good at reading ... no it did not work out for HUNDREDS of people I have known over the years ... some of them had incredible years in between at some point in time though along ... that might start to tell you something ...
  • #48
  • Sep 17, 2015 9:54am Sep 17, 2015 9:54am
Quoting Forexia
{quote} A normal job in the meantime? You mean trading a whole bunch of stocks in a sort of funds and arbitraging like you? Arbitraging is nice as long as there is still differences once those tiny little bit differences are gone, so goes your arbitrage. So how is your trading of stocks a "normal job" and ours is not? Just because you don't think we have a chance in success and somehow investing in your stock "fund" will have a chance in being successful? LOL Anyway, this is a thread for discussing trading in the FOREX market. I don't know why you...
another bad reader ... I used to do options arbitrage (work for an affiliate for a big bank for one year, later did that on my own) ... I am not doing any arbitrage nowadays ...
seems you are all too full of yourself also: I am not 'promoting' anything just showing how things can be done in a much more sensible way than simply gambling your life away ...
oh and btw where is your trade explorer .... yes, I thought so ...
  • #49
  • Sep 17, 2015 10:04am Sep 17, 2015 10:04am
Quoting cvds16
{quote} another bad reader ... I used to do options arbitrage (work for an affiliate for a big bank for one year, later did that on my own) ... I am not doing any arbitrage nowadays ... seems you are all too full of yourself also: I am not 'promoting' anything just showing how things can be done in a much more sensible way than simply gambling your life away ... oh and btw where is your trade explorer .... yes, I thought so ...

You come on the premier forum for forex traders and tell us all that we are gambling our life away. Boy you got the nerve !

What's your purpose here?
  • #50
  • Sep 17, 2015 10:06am Sep 17, 2015 10:06am
Quoting cvds16
{quote} another bad reader ... I used to do options arbitrage (work for an affiliate for a big bank for one year, later did that on my own) ... I am not doing any arbitrage nowadays ... seems you are all too full of yourself also: I am not 'promoting' anything just showing how things can be done in a much more sensible way than simply gambling your life away ... oh and btw where is your trade explorer .... yes, I thought so ...
We are discussing how to trade FOREX better here. Unlike you who have gambled your life away we are not planning to do the same here. So unless you have something to contribute about how to trade FOREX, you really should LEAVE this thread.
Make your losses in demo. Earn your profits live.
  • #51
  • Sep 17, 2015 10:13am Sep 17, 2015 10:13am
Quoting SuperzTony
The forex market is just too unpredictable or am I just too undisciplined, as I lost my account once again.
I don't usually bother to respond to pleas like this, but it takes a minimum of 5 years to be a consistently profitable trader. Any less than that, then expect to lose if you are trying to trade for a living.
  • #52
  • Sep 17, 2015 10:22am Sep 17, 2015 10:22am
Quoting Forexia
{quote} We are discussing how to trade FOREX better here. Unlike you who have gambled your life away we are not planning to do the same here. So unless you have something to contribute about how to trade FOREX, you really should LEAVE this thread.
apart from some plattitudes you haven't really helped the OP in any detailed way whatsoever ... he's just where he was before he met you ... if he had any common sense and put some effort into his trading he most likely had tried the things you mentioned allready ...
talk is cheap ...
  • #53
  • Sep 17, 2015 10:30am Sep 17, 2015 10:30am
If you master Forex you will be able to make multiples of what a doctor do.

Becoming wealthy is the nice part everybody is interested in this business.

Now how many years a doctor have to study before earning any decent money ?

It takes years to become consistent in this profession.

People don't like to talk about it very much !!
So, you think you have rights? LOL
  • #54
  • Edited 12:09pm Sep 17, 2015 10:33am | Edited 12:09pm
Quoting cvds16
{quote} apart from some plattitudes you haven't really helped the OP in any detailed way whatsoever ... he's just where he was before he met you ... if he had any common sense and put some effort into his trading he most likely had tried the things you mentioned allready ... talk is cheap ...
Who's OP first of all? I posted here first to help out SuperzTony. I certainly did more than you. So far ALL you have done is tell us we are gambling our life away and the only thing we can do to make money is to trade in a bunch of stocks in a fund. LOL And now you are telling us that the only thing that you should do in forex trading is trading ultrasmall and even that apparently did NOT work out for you and I will tell you why it did not work out for you. UNLESS your trading capital to start off with was also relatively small, you were UNDERtrading. You were NOT using leverage efficiently to let it help you make money or you were trading in NOT long enough of TF to allow your ultrasmall position to go into enough profit to compensate for its small size.

I already told you unless you have something useful to offer about trading FOREX (NO, trading ultrasmall is NOT something that I would qualify as "useful" LOL), you need to LEAVE!!! If you want to talk about stock trading, there IS a section for that on FF called "Commodities and Stocks", you need to go comment there.
Make your losses in demo. Earn your profits live.
  • #55
  • Sep 17, 2015 10:33am Sep 17, 2015 10:33am
Quoting tashkent
trading is a skill. however not everyone can master it just like with any other form of art
AGREE 1000%
we don't predict, we only ride
  • #56
  • Sep 17, 2015 10:42am Sep 17, 2015 10:42am
First of all, trading IS gambling.

You can manage your risk and perfection your system and make practice, with time and experience you can start to understand how to make money and you can do make money, there is nothing crazy about it.

Now, forget about having any kind of help from other people, especially on internet.

The truth is that this is not a "job" for everybody, it is highly stressful and highly insecure, you need to have a very good control over your mind (you will have it with time) in order to avoid doing shit (like losing your account in a few trades), you need to learn how to be awake, present, aware, alertful.
And you need to master a good knowledge about markets (how and why they move), and about economics/politics too.

And you need to dedicate your entire time to it, because it is a very complex and difficult art to master, you cannot "have another job" or do it "part-time", and expect to become good at trading.
  • #57
  • Sep 17, 2015 10:45am Sep 17, 2015 10:45am
Quoting tunera
First of all, trading IS gambling. You can manage your risk and perfection your system and make practice, with time and experience you can start to understand how to make money and you can do make money, there is nothing crazy about it. Now, forget about having any kind of help from other people, especially on internet. The truth is that this is not a "job" for everybody, it is highly stressful and highly insecure, you need to have a very good control over your mind (you will have it with time) in order to avoid doing shit (like losing your account...
wow strike to the heart
we don't predict, we only ride
  • #58
  • Sep 17, 2015 10:48am Sep 17, 2015 10:48am
Quoting tunera
you cannot "have another job" or do it "part-time", and expect to become good at trading.
This I agree. Trading IS a business and it IS a full-time job. Unless you have coded your strategy and doing algorithm trading, you won't be able to do it part-time.

Quoting tunera
My advice is: Give up.
This I do NOT agree. Give-up's are for wimps. We are traders.
Make your losses in demo. Earn your profits live.
  • #59
  • Sep 17, 2015 11:03am Sep 17, 2015 11:03am
Quoting Forexia
{quote} This I agree. Trading IS a business and it IS a full-time job. Unless you have coded your strategy and doing algorithm trading, you won't be able to do it part-time. {quote} This I do NOT agree. Give-up's are for wimps.
Yes the give up advice was not a good one (i don't know the OP so i can't give him this sort of advices).
I already edited the post and deleted that line.

But sincerily, when it happen that somebody (not on internet) ask me advices about trading and tell me he/she is interested in this business, my advice is always: "don't ever think about it, stay away from trading!".

It's a pretty good advice IMO.

  • #60
  • Sep 17, 2015 11:04am Sep 17, 2015 11:04am
Quoting ForexOracle
If you master Forex you will be able to make multiples of what a doctor do.
if you study for seven years and pass the exams in my country you are a doctor ... that alone gives you almost certainty of more than decent income
if you master forex however is a big IF ... with no guarantees down that road ...
I have known a index-trader who made 25 million euro's for himself over five years after first working for a firm before for several years ... in the end he lost it all back to the markets ...
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