Is Forex trading worth it? If so, why? | Page 15 | Forex Factory

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Is Forex trading worth it? If so, why?

  • #281
  • Jan 2, 2016 4:55am Jan 2, 2016 4:55am
Quoting Sandmann
{quote} the German Stock Index DAX is worth looking at. It moves ok from the technical perspective, and this is where most of my EAs run. good luck
thank you....I will study it...It will be interesting because during my trading for about 3 years most of them Gbpusd and eurusd ......
  • #282
  • Jan 2, 2016 5:04am Jan 2, 2016 5:04am
Quoting KucinkGaronk
{quote} thank you mate, I think technically I know already...but it is about how to beat my self, my ego...control my emotions...success for you too....
I have pondered this question about controlling my emotions for 5 years...and I have never succeeded in it - not completely. But as account grows, it is definitely easier to control since you can "afford to lose" more and more with each successful trade. Only after I have stopped reading news and other biased stuff written by who knows who, have I started to be on the right path...The one thing that matters more than others is the general feeling about money - when it comes to money, people act like animals. Ugly animals. Only after I started dedicating more time to analyzing my thought process rather than technical knowledge have I started to make profit. Let's be clear, sometimes I had 10 losing trades in a row, and it had to be taken like a man which is easier said than done...but eventually I realized my system allows those 10 negative trades to be covered in 2 successful trades. You just need to hold out in there. And of course system has to be P/L positive (SL HAS to be smaller than profit target).
All of this sounds very egoistic since I haven't said anything about how I trade, but once again - psychology is 95% of trading and we dedicate 5% of our time to it, while technicals/fundamentals are 5% of trading and we dedicate 95% of our time to it.
  • #283
  • Jan 2, 2016 5:12am Jan 2, 2016 5:12am
Quoting DemoAntares
{quote} I have pondered this question about controlling my emotions for 5 years...and I have never succeeded in it - not completely. But as account grows, it is definitely easier to control since you can "afford to lose" more and more with each successful trade. Only after I have stopped reading news and other biased stuff written by who knows who, have I started to be on the right path...The one thing that matters more than others is the general feeling about money - when it comes to money, people act like animals. Ugly animals. Only...
absolutely agree with you, I remember how my hard working earning account blown, because I can not afford 1 day profit loss...then I starting crazy made average down untill all was gone, ....I am quite often grow account 300- 500 percent and blown away at the end....some time I feel stupid doing some mistake...that why I say I cant beat my self....
  • #284
  • Jan 2, 2016 5:56am Jan 2, 2016 5:56am
Quoting KucinkGaronk
One black swan like USD/CHF recently is enough to blow your account no matter how good technically you are... Is there any real profitable retailers in Forex?.......
Yes there are profitable traders. They don't focus on money, yachts and Porches. Anytime you focus on money you take the focus off of winning. If you ran a business and every decision you made was based upon money/sales/accounting and you never focus on customer service/using good products/satisfying your market you won't be in business long.

Focus on winning. Figuring out why you are losing. The people who run these markets win every day. Why not focus on observing how they are able to take money from 90% of traders no matter what those 90% do and then do what they do. You can win at Forex. But you are not going to win without figuring out what the traders who run the market are doing.
  • #285
  • Jan 2, 2016 6:24am Jan 2, 2016 6:24am
Quoting Cubbybgood
Why do I trade? Is it to be rich? Do I trade as a hobby? Do I love it? do I hate it? Trading is beneficial for me because I love it. I've always loved it even when I was losing. It may have been more of an addiction early on though.I did not like the stress involved but eventually I realized I was stressed because I was risking to much while trading. I trade for a living now. It took me 10 years to get there.

So many good things have been said here to help people on there journey of thinking in a different way. Now lets talk a bit about why...
This is the journey many traders take. And there is nothing wrong with it. Getting to the top of any mountain takes time and effort. But looking down from the top is a great feeling. When you realize that the journey was hard and few had the guts to make it all the way you feel a sense of accomplishment.

The main reason 95% of traders lose is they refuse to do what it takes to win. Trading is a numbers game. A percentage game. A game of deception and skill. It makes chess look like childs play. The market exists for the benefit of a few at the expense of many. If you want to start winning you need to switch your thinking around. If you are losing you don't have the skill or thinking to win. Stop trading and start learning and observing. Find out why every trade you take results in a loser. Find out why you don't see the 50-100 pip runs setting up before they happen so you can start to get in on them. Figure out how the market seduces you into losing trades. Find out why you aren't in the trade when the 150 pip winner takes off. If you do this a light will come on one day and you will start to see what this really is.
  • #286
  • Jan 2, 2016 6:30am Jan 2, 2016 6:30am
Thank you for your opinion, maybe you right about how I ran a bussiness, just like my account, after growing my small company for 6 years.., now almost collaps because my customer do not satisfy with the service, they find new company...wrong focus...you right...its time to start from zero again...
  • #287
  • Jan 2, 2016 7:55am Jan 2, 2016 7:55am
Quoting KucinkGaronk
I think technically I know already...but it is about how to beat my self, my ego...control my emotions...success for you too....
I think a lot of people here miss the point. Talking about the specifics of trading methodology, technicals, fundamentals etc. will amount to absolutely nothing if you don't manage risk.

Blowing up accounts is not a growing pain in one's 'Forex journey'. Its a sign that you are not respecting risk and should stay far away from trading until you understand the concept.
  • #288
  • Jan 2, 2016 8:52am Jan 2, 2016 8:52am
Quoting gravitist
Is forex trading worth it? No! Forex trading is a quick way to lose money.

I realize someone will say I'm wrong and will tell you how they've made "fortunes" trading forex. But, don't believe them - demand proof such as trade explorer results or a redacted brokerage statement. I promise you, when you demand proof, they will respond with deafening silence. NEVER believe anyone who says they got rich trading forex - they are lying through their teeth.
After 9 years of forex disaster I quit trading yesterday.
My ( and yours ) 9-5 work brings 100% profit per year!
  • #290
  • Jan 2, 2016 9:33am Jan 2, 2016 9:33am
Quoting RealSoldier
Hidden
Professionals dream of making 30% a year. You are either an undiscovered superstar of the financial world or you have not properly evaluated your method and cannot sustain those claims.
  • #291
  • Jan 2, 2016 9:48am Jan 2, 2016 9:48am
Oh yeah the old percentage debate... This is my favourite circle... 1% of a billion compared to 1% of 100k and all that jazz yay
Quoting Agnosios
{quote} After 9 years of forex disaster I quit trading yesterday. My ( and yours ) 9-5 work brings 100% profit per year!
It also brings time away from the radiation, um the real world, probably better health, less stress, a real ife,...contact with real people and normal sleeping patterns. And the main thing is as you become a normal human again the sex is so much better ... So unless you're getting properly compensated for these sacrifices. F trading, theres many other ways to skin the cat...

After losing 20k this year as a wannabe full time robot ive now got a real robot handling 2/3 of my trading... I figured the robot would be better qualified to be a skitzofrenic sociopath than me.. But maybe im wrong : /

Trading was cool before they went and fked the markets.. One day it will be cool again, bit not until they jump off the cliff. Pussies
Time hides Nothing
  • #292
  • Jan 2, 2016 10:19am Jan 2, 2016 10:19am
trading worth for 5% and not for 95% and those 5% makes it worth with those 95% that wont worth
  • #293
  • Jan 2, 2016 10:22am Jan 2, 2016 10:22am
Quoting Agnosios
{quote} After 9 years of forex disaster I quit trading yesterday. My ( and yours ) 9-5 work brings 100% profit per year!
this is not failure or escape.you made a decision that trading is not for you and better to work and earn.good luck to you and ı conguratulate you about making the correct decision for yourself
  • #294
  • Jan 2, 2016 10:22am Jan 2, 2016 10:22am
Quoting vasily
trading worth for 5% and not for 95% and those 5% makes it worth with those 95% that wont worth
Well if you're talking about real worth like REAL ... Its prob less than 1% .. And by those probablilities i am really feeling your hopium here.
Time hides Nothing
  • #295
  • Jan 2, 2016 10:24am Jan 2, 2016 10:24am
Quoting vasily
{quote} this is not failure or escape.you made a decision that trading is not for you and better to work and earn.good luck to you and ı conguratulate you about making the correct decision for yourself
Theres some things you will learn too. What else man. This forum. Its unreal
Time hides Nothing
  • #296
  • Jan 2, 2016 10:26am Jan 2, 2016 10:26am
Quoting CindyXXXX
{quote} Well if you're talking about real worth like REAL ... Its prob less than 1% .. And bu those probablilities i am really feeling your hopium here.
ı dont hope.it can be 1 5 or 10 ı dont care.I used a common value 5. you say 1 other say 15. lets say X%
  • #297
  • Jan 2, 2016 10:28am Jan 2, 2016 10:28am
Quoting CindyXXXX
{quote} Theres some things you will learn too. What else man. This forum. Its unreal
this forum
and learning
  • #298
  • Jan 2, 2016 10:32am Jan 2, 2016 10:32am
Quoting vasily
{quote} this forum and learning
Well Ive learned that you can make 42% on demo and then come on here to convince yourself that that means something. And thats just an excellent thing to me.. And it looks like you're having a good time too.. Everyones a winner.. Thats what i mean man

My loss is your win...
Time hides Nothing
  • #299
  • Jan 2, 2016 10:38am Jan 2, 2016 10:38am
Quoting Agnosios
{quote} After 9 years of forex disaster I quit trading yesterday. My ( and yours ) 9-5 work brings 100% profit per year!
forex trading is not for everybody. i am glad you figured out that after 9 years. there are lots of people who will never acknowledge the this hard truth, waste their time, wealth and health.
As Above, So Below
  • #300
  • Jan 2, 2016 10:43am Jan 2, 2016 10:43am
Quoting CindyXXXX
{quote} Well Ive learned that you can make 42% on demo and then come on here to convince yourself that that means something. And thats just an excellent thing to me.. And it looks like you're having a good time too.. Everyones a winner.. Thats what i mean man My loss is your win...
and...!?
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