7 years I went through hell, but I am still alive | Forex Factory

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Attachments: 7 years I went through hell, but I am still alive
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7 years I went through hell, but I am still alive

  • #1
  • First Post: Oct 29, 2016 8:53pm Oct 29, 2016 8:53pm
i gradually figured out how to make money, but not big money. u can not make big money without big money in market. overleverage won't bring u big money, don't even think about it, it can only ruin ur wealth and health. if u have ten grand, don't try to double ur capital by one year. if u put hundred grand in market, fifty percent return is very challenging. i am not saying u ca never make it, what i am trying to say is that u can't keep doing like that for long. there is no such thing as excessive profit

anyway,i start this thread as a begining. i will post my trades to share with ur guys how i make small money consistently from forex.

some transactions that are still running attached
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may trend be with you
  • #2
  • Oct 29, 2016 10:21pm Oct 29, 2016 10:21pm
Quoting wentao
i gradually figured out how to make money, but not big money. u can not make big money without big money in market. overleverage won't bring u big money, don't even think about it, it can only ruin ur wealth and health. if u have ten grand, don't try to double ur capital by one year. if u put hundred grand in market, fifty percent return is very challenging. i am not saying u ca never make it, what i am trying to say is that u can't keep doing like that for long. there is no such thing as excessive profit anyway,i start this thread as a begining....
Money making in trading ain't going to that easy. Yes it's not impossible to make $30 to $ 500. I did it in many occasions. You can see many threads of making 15000$ from 10$ in FF. Yes possible too. If you are blessed by Almighty and trade placement timing extremely good then everything goes alright. However this phase dries up soon. You can compare with good times in in any professional career where everything being hall of fame. Say a footballer or Tennis player can't play at peak form throughout his/her life.

When we get such impossible money we assume it is trading and how money grows up at super fast mode here! But surely that wasn't trading , consistency need to develop with solid money management skills. In zero interest economy if we grow even 5% per year consistently , we should consider it as good return of investment.

You're welcome and just add your trade account to Trade Explorer of FF and it will keep us your trading updated so you can focus in your trading most of the time rather then posting messy job of trading screenshots.
Never Gamble Forex
  • #3
  • Oct 29, 2016 10:40pm Oct 29, 2016 10:40pm
Quoting yesyoucan
In zero interest economy if we grow even 5% per year consistently , we should consider it as good return of investment.
if you can live with 5% roi, that will be coming to high end corporates and munis soon, probably. If you want to look at the high yield corporates, approaching junk, like RIG, for instance (they are legion) - lots to choose from @ 10% paper under 10 yrs....
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #4
  • Oct 29, 2016 11:11pm Oct 29, 2016 11:11pm
investing in bonds is just like anything else: buy low, sell high....I watch the sovereigns....
http://www.investing.com/rates-bonds...ear-bond-yield
"If The Fool persists in his Folly he will become wise." - William Blake
  • #5
  • Oct 30, 2016 12:03am Oct 30, 2016 12:03am
Quoting wentao
i gradually figured out how to make money,...
what are triangles and squares on chart?

knowledge maters.... starting from yourself ,market, trading......knowledge removes fear and greed. those who know how to trade make money with MA and some wouldn't be able with MM's system...
  • #6
  • Oct 30, 2016 8:15am Oct 30, 2016 8:15am
Quoting ruma29
{quote} what are triangles and squares on chart? knowledge maters.... starting from yourself ,market, trading......knowledge removes fear and greed. those who know how to trade make money with MA and some wouldn't be able with MM's system...
the arrow(triangle) is the direction and location where and when i short or long. the square is where i set up limit order or take profit(stop loss).
may trend be with you
  • #7
  • Oct 30, 2016 8:22am Oct 30, 2016 8:22am
Quoting wentao
{quote} the arrow(triangle) is the direction and location where and when i short or long. the square is where i set up limit order or take profit(stop loss).
sorry, the yellow horizontal line is where i set up profit take or loss stop. the arrow only means current transaction.
may trend be with you
  • #8
  • Oct 30, 2016 8:24am Oct 30, 2016 8:24am
Quoting wentao
{quote} sorry, the yellow horizontal line is where i set up profit take or loss stop. the arrow only means current transaction.
So on smart phone you can use indicators? Really?
  • #9
  • Oct 30, 2016 8:37am Oct 30, 2016 8:37am
Quoting yesyoucan
{quote} Money making in trading ain't going to that easy. Yes it's not impossible to make $30 to $ 500. I did it in many occasions. You can see many threads of making 15000$ from 10$ in FF. Yes possible too. If you are blessed by Almighty and trade placement timing extremely good then everything goes alright. However this phase dries up soon. You can compare with good times in in any professional career where everything being hall of fame. Say a footballer or Tennis player can't play at peak form throughout his/her life. When we get such impossible...
hi, yesyoucan

thank u for ur advice, but i still prefer to upload screenshot. my chart is pretty neat and straightforward. I don't spend lots of time to trade anymore after seven years hard study. i only use my cellPhone to do everything, not a desktop with dual monitors. i will explain what and why i am doing those transaction showing on chart. however i don't make prediction becos i change my mind very often.
may trend be with you
  • #10
  • Oct 30, 2016 8:43am Oct 30, 2016 8:43am
Quoting ruma29
{quote} So on smart phone you can use indicators? Really?
ruma29

i don't use any indicator on chart, only naked chart. yes, u can indicator on cellPhone. i use my smart phone to do everything. i have better feel about price action when i read chart on small screen
may trend be with you
  • #11
  • Oct 30, 2016 8:44am Oct 30, 2016 8:44am
www.myfxbook.com/members/Elada/elaxm001/1765062


Anything is possible in forex.... dont set limits.... just trade
  • #12
  • Oct 30, 2016 8:59am Oct 30, 2016 8:59am
Quoting wentao
{quote} ruma29 i don't use any indicator on chart, only naked chart. yes, u can indicator on cellPhone. i use my smart phone to do everything. i have better feel about price action when i read chart on small screen
When I said indicators i meant custom indicators....

If you know what you are looking for on chart i believe you can used naked chart.
  • #13
  • Oct 30, 2016 9:11am Oct 30, 2016 9:11am
Quoting star100
www.myfxbook.com/members/Elada/elaxm001/1765062 Anything is possible in forex.... dont set limits.... just trade
with seven years tears and sweat, i don't envy anymore those forex traders who can double the account monthly. i don't know how they survive like that, but i do know i am not capable of doing so. i had $45,000 starting capital one year ago. my trade lot size was $5000, only 0.05 standard lotsize. the max size i ever used is $50,000, only 0.5 standard lot. now my capital is $62,000, 35% return. i still don't want to raise my trading size because i feel very comfortable with what i was doing before. i don't see any reason i should change .
may trend be with you
  • #14
  • Oct 30, 2016 9:50am Oct 30, 2016 9:50am
Quoting star100
www.myfxbook.com/members/Elada/elaxm001/1765062 Anything is possible in forex.... dont set limits.... just trade
yes, 47,88 % is good enough
  • #15
  • Oct 30, 2016 11:35am Oct 30, 2016 11:35am
Quoting wentao
if u have ten grand, don't try to double ur capital by one year.
You are doing something wrong. 100% in one year means only 5% per month(without taking money out) and that can be done easily with very low leverage and very tight SLs.
Everyone can see the chart, but only a few can actually read it.
  • #16
  • Oct 30, 2016 11:36am Oct 30, 2016 11:36am
Quoting wentao
{quote} with seven years tears and sweat, i don't envy anymore those forex traders who can double the account monthly. i don't know how they survive like that, but i do know i am not capable of doing so. i had $45,000 starting capital one year ago. my trade lot size was $5000, only 0.05 standard lotsize. the max size i ever used is $50,000, only 0.5 standard lot. now my capital is $62,000, 35% return. i still don't want to raise my trading size because i feel very comfortable with what i was doing before. i don't see any reason i should change ....

could you please share your trade history details for that one year ?
  • #17
  • Oct 30, 2016 11:39am Oct 30, 2016 11:39am
Quoting star100
www.myfxbook.com/members/Elada/elaxm001/1765062 Anything is possible in forex.... dont set limits.... just trade
This account is actually showing how it not should be done. Its from some scam artist trying to fool people into buying some crap. One look at gain vs absolute gain vs pips is more than enough.
Everyone can see the chart, but only a few can actually read it.
  • #18
  • Oct 30, 2016 12:29pm Oct 30, 2016 12:29pm
Quoting OnlineAddict
{quote} You are doing something wrong. 100% in one year means only 5% per month(without taking money out) and that can be done easily with very low leverage and very tight SLs.
i agree with u that 100% return can be easily done, but for how long u can keep doing so? let say u have 50，000 bucks in market, so u can easily make $50,000 every year according your statement. easily? ehm?. what a nice job and income! i have't even talked about compound return yet, wow, u can easily make 50,000 dollarsat by sitting at home, one monitor for chart, one monitor for porn, and one monitor online social chat. then what are u waitting for? go for it.
may trend be with you
  • #19
  • Oct 30, 2016 12:32pm Oct 30, 2016 12:32pm
Quoting wentao
{quote} i agree with u that 100% return can be easily done, but for how long u can keep doing so? let say u have 50，000 bucks in market, so u can easily make $50,000 every year according your statement. easily? ehm?. what a nice job and income! i have't even talked about compound return yet, wow, u can easily make 50,000 dollarsat by sitting at home, one monitor for chart, one monitor for porn, and one monitor online social chat. then what are u waitting for? go for it.
I am doing it...for many years now...its my only source of income.
Everyone can see the chart, but only a few can actually read it.
  • #20
  • Oct 30, 2016 1:20pm Oct 30, 2016 1:20pm
hmmm 5% month is 70%/year, not 100%.
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