I plan to quit forex! | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Should I quit trading forex? 219 replies

How many pips or % to quit? 17 replies

Quit Job , go Back to School, Trade Forex? 33 replies

bad position - quit now or wait ? 14 replies

Attachments: I plan to quit forex!
Exit Attachments

I plan to quit forex!

  • #21
  • Mar 4, 2016 9:54am Mar 4, 2016 9:54am
Everything is gambling even mutual funds. No pain no gain, no risk no returns. Without good strategies and planning even investing in GIC could lose money. You want to stay off Forex for a while to regain your thoughts, that's cool. We have all done that some time in our trading career but just remember risk in any market is just the nature of the beast. No matter where you go unless you don't invest ever for the rest of your life, you are going to face risk. It's how you manage it that matters.
Make your losses in demo. Earn your profits live.
  • #22
  • Mar 4, 2016 10:02am Mar 4, 2016 10:02am
Quoting Goldmines1
if you cant trade by your self seek help from those who knows how to trade, read more and more and also keep your friends those who are making money. check out TE section see how many are already making money.
that can't be trusted. I gave someone here and he burned my USD5k account in 1 week.
  • #23
  • Mar 4, 2016 10:20am Mar 4, 2016 10:20am
A few years ago when I was struggling with forex trading, I read somewhere that it takes seven years to make a successful trader.

Like any other profession, it takes lots of study and experience to become proficient. But once you become consistently successful, there is no better way to earn money that I know of.
  • #24
  • Mar 4, 2016 10:20am Mar 4, 2016 10:20am
I lost $5000 in 30 days, traded NFP today after good data, and the $ decided to go the opposite direction.
  • #25
  • Mar 4, 2016 10:23am Mar 4, 2016 10:23am
Quoting fxstaton
{quote} that can't be trusted. I gave someone here and he burned my USD5k account in 1 week.
My skype jianhao0719. Or add me wechat Mrkaiszheng
  • #26
  • Edited 11:06am Mar 4, 2016 10:39am | Edited 11:06am
Quoting fxstaton
{quote} that can't be trusted. I gave someone here and he burned my USD5k account in 1 week.
That is ABSOLUTELY true. NEVER ever EVER give your money to someone else to trade (mutual funds excepted) no matter how good their claims are.

This guy gave $1.6 million to this broker to trade on his behalf, look what happened: https://leaprate.com/2016/03/atc-bro...eased-porsche/
Make your losses in demo. Earn your profits live.
  • #27
  • Mar 4, 2016 10:45am Mar 4, 2016 10:45am
Quoting fxstaton
I have no luck in forex. Initial period I get profit, and few months all profits and capital are gone. I think I am not suitable in forex and will quit all and back to work
Good man-quit before you get addicted to your losses. Get a job and you will be fine.
every Saint has a past. Every Sinner has a Future
  • #28
  • Mar 4, 2016 10:50am Mar 4, 2016 10:50am
Quoting Forexia
{quote} That is ABSOLUTELY true. NEVER ever EVER give your money to someone else to trade (mutually excepted) no matter how good their claims are. This guy gave $1.6 million to this broker to trade on his behalf, look what happened: https://leaprate.com/2016/03/atc-bro...eased-porsche/
I dont know how could I live after this
  • #29
  • Mar 4, 2016 10:58am Mar 4, 2016 10:58am
Trading is art..

Trading can be simple ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////make set reach targets/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
DAILY4ME$ 25P/D
QUARTER CENT MOVE

You are an artist?....

No?... do something else..
BIZ IS MIND GAMES GET IT OR GET OUT
all the best
  • #30
  • Mar 4, 2016 11:08am Mar 4, 2016 11:08am
No one makes money, why are people still trying?
My guess is that trading is a tax levied on the financially stupid in the same way that lottery is a tax levied on those who are bad at math.
  • #31
  • Mar 4, 2016 11:08am Mar 4, 2016 11:08am
Quoting fxstaton
{quote} I dont know how could I live after this
Well the guy is probably a multi-millionaire if he can just toss out $1.6 million to some jerks to play with and still has the money to sue those jerks to get his money back.
Make your losses in demo. Earn your profits live.
  • #32
  • Mar 4, 2016 11:09am Mar 4, 2016 11:09am
Quoting Mingary
No one makes money, why are people still trying? My guess is that trading is a tax levied on the financially stupid in the same way that lottery is a tax levied on those who are bad at math.
People are still making money in trading, not just forex. You just have to find a way and accept losses.
Make your losses in demo. Earn your profits live.
  • #33
  • Mar 4, 2016 11:15am Mar 4, 2016 11:15am
Quoting Mingary
No one makes money, why are people still trying? My guess is that trading is a tax levied on the financially stupid in the same way that lottery is a tax levied on those who are bad at math.
  • #34
  • Mar 4, 2016 11:19am Mar 4, 2016 11:19am
Yes get a J.O.B.. Youy already know what that means JOB stands for Just Over Broke. If you want the life you dream of you probably going to be lucky doing it working for someone else although you could try Microsoft or similar.

Stop throwing real money at it (although, if you throw enough crap at the wall, sooner or later some will stick) Did your Broker send you a card at Xmas time?. DEMO DEMO DEMO DEMO DEMO, n then some more Demo. Up until the point at which you have found a strategy that works consistently and brings you profit consistently. Then maybe think about going onto a live account with your hard earned bucks.

To learn FX from scratch with live accounts is a recipe for disaster. You must have incredibly deep pockets

You gave someone 5K to trade for you??? Do you have another 5K to give to someone????))))))) Joking

Take care and learn to profit before you thro away live money on it. There was talk that the LHC could create Black Holes and swallow up the Universe. Well Trading is the equivalent for money. If you are not doing it right

I wish you luck but remember, if it's worth having sometimes you have to work and fight for it. The difference between success and failure is the ability to get up one more time after you have been dealt a 'lesson'

PS: It may appear like a computer game at times and indeed it can be. Unfortunately there ain't no 'Replay' or 'Reset' button ;(
'Life' only really begins just over the edge of our comfort zones
  • #35
  • Mar 4, 2016 11:23am Mar 4, 2016 11:23am
Just remember...
Attached Image
Old ways dont open new doors
  • #36
  • Mar 4, 2016 11:25am Mar 4, 2016 11:25am
Quoting Forexia
{quote} People are still making money in trading, not just forex. You just have to find a way and accept losses.
There is no amount of money small enough that I can afford to lose.
It's a trading rule.
  • #37
  • Mar 4, 2016 11:34am Mar 4, 2016 11:34am
Quoting fxstaton
thank you all for giving me all the encouragement. but i still believe this business is not for me.. since i have tried many ways and burned many many accounts...
what exactly you have tried. please explain
  • #38
  • Mar 4, 2016 11:37am Mar 4, 2016 11:37am
OK fu¢k ¥ not here

A$iA OP€n

FLIP A COIN ONCE ONLY
//////SERIOUSLY :I
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
>>HEAD$ OR TAIL$
>> UP$ OR DOWN$

STOP @100% ADR(4)
TP @ 25% ADR(4)
WIN

D1=LO$$/D2 ADR(4)
ADAPTIVE MARTINGALE

Work it out easy no worries

Options traders basically do the same thing - add outside to loserz...
Here FX ur told not2.. THEY ARE TEACHING YOU WRONG BANKS TAKE YOUR MONEY
Get it?

Good luck PM
  • #39
  • Mar 4, 2016 11:43am Mar 4, 2016 11:43am
[quote=fxstaton;8792246] I plan to quit forex........ Did you quit your plan
  • #40
  • Mar 4, 2016 11:45am Mar 4, 2016 11:45am
Quoting fxstaton
{quote} that can't be trusted. I gave someone here and he burned my USD5k account in 1 week.
Ah that sucks hey bad luck, i wouldn't trust anyone round here

Can i have 5kUSD bro? I won't smash it in a week promise...
1 trader viewing now