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What helped you the most to be profitable?

  • #261
  • Feb 8, 2017 9:03am Feb 8, 2017 9:03am
I found ditching all market platforms and software and and actually writing code to replicate the basic stuff helped me better understand it all.
  • #262
  • Feb 8, 2017 5:03pm Feb 8, 2017 5:03pm
Quoting MapleLeaf
What helped someone to be profitable? Just quit trading and work in a real business, selling a real product or service. Retail Forex Trading is a Gambling Scheme, and you can't pretend to make money as a gambler. The house (Casino / Forex Broker / Sports Betting Broker) always wins long term. Any PhD in mathematics can show this. Nuff Said.
This is generally true, but I had a real passion to learn how to trade and believe I'm pretty decent at it now. While FX does seem to be a gamble depending on your broker. It still is very possible you can become a decent trader. Maybe not quit your day job but after 11 years I live on FX trading and Futures now. Futures is more expensive to get into but there isn't a broker involvement against your trades.

Losing is the best way to help you. Don't rush trading. Demo trade for months before even committing any real money and start LOW.
trading GoldH4, EuroH1, and PoundH1 Futures and FX skype:fxtraderpro1
  • #263
  • Feb 8, 2017 7:34pm Feb 8, 2017 7:34pm
"Cut losses Short. Let profits run." Easier said than done.
  • #264
  • Feb 8, 2017 11:29pm Feb 8, 2017 11:29pm
Quoting mlawson71
{quote} How do you achieve that? I have always had trouble doing that.
I found that it was easier to achieve by accepting it, rather than trying to avoid it. Avoidance is literally impossible, so I named my issues "Poison Arrows" and whenever I feel them, I call them out by name, realize they are with me, and then push through. Made a big difference acknowledging rather than trying to avoid.
You cannot be extraordinary by being normal
  • #265
  • Feb 9, 2017 7:09am Feb 9, 2017 7:09am
Quoting dkrock
{quote} I found that it was easier to achieve by accepting it, rather than trying to avoid it. Avoidance is literally impossible, so I named my issues "Poison Arrows" and whenever I feel them, I call them out by name, realize they are with me, and then push through. Made a big difference acknowledging rather than trying to avoid.
That sounds very reasonable and it makes sense. I’ll try to implement it too, I hope it will work eventually.
  • #266
  • Feb 9, 2017 9:50pm Feb 9, 2017 9:50pm
A must for the trader before running in forex have much to learn and practice well so we can have enough stock to trade so well that we can manage our capital properly to get maximum results
  • #267
  • Feb 10, 2017 12:55am Feb 10, 2017 12:55am
Quoting mlawson71
{quote} That sounds very reasonable and it makes sense. Ill try to implement it too, I hope it will work eventually.
When I was dealing with anxiety issues, I made a comment indicator to keep me focused while trading. You can change it to say whatever you like, if you know how to change the comments in the code. You might have to adjust the view, based on monitor size, so don't worry if it does not show up. It is set to display on the upper right corner of your chart. Display X's are the distance from the right hand side of your chart. Display Y's are the distance from the top of your chart. You can easily delete it once you gain control over your actions, or modify it with trading rules, or whatever.

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File Type: mq4 QCD Trading Comment.mq4   4 KB | 355 downloads
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File Type: ex4 QCD Trading Comment.ex4   8 KB | 356 downloads

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You cannot be extraordinary by being normal
  • #268
  • Feb 10, 2017 6:53am Feb 10, 2017 6:53am
Quoting dkrock
{quote} When I was dealing with anxiety issues, I made a comment indicator to keep me focused while trading. You can change it to say whatever you like, if you know how to change the comments in the code. You might have to adjust the view, based on monitor size, so don't worry if it does not show up. It is set to display on the upper right corner of your chart. Display X's are the distance from the right hand side of your chart. Display Y's are the distance from the top of your chart. You can easily delete it once you gain control over your actions,...
Ha! That’s a brilliant idea. Thank you.
  • #269
  • Feb 10, 2017 10:07am Feb 10, 2017 10:07am
Quoting focusonmoney
Learning price action and learning the conditions of the market.. The market acts different everyday.. But if you can understand what it's trying do then you can become a better trader.. Look at this video.. He does a great job explaining how the market works.. https://youtu.be/Wi3S-0W6uT4

Your comment, + the video from "Big Ben Millionaire Trader" are one of the best example about why there are so many scams running into the forex/educational biz: because there are so many sheeps to shear.
Sometime the horizon disappear. Twitter: @_whiteout
  • #270
  • Feb 27, 2017 3:55pm Feb 27, 2017 3:55pm
Learning how to build a position.
Vtayha7788 has suspended me and Twee is missing!!!
  • #271
  • Feb 27, 2017 9:54pm Feb 27, 2017 9:54pm
Quoting dkrock
{quote} When I was dealing with anxiety issues, I made a comment indicator to keep me focused while trading. You can change it to say whatever you like, if you know how to change the comments in the code. You might have to adjust the view, based on monitor size, so don't worry if it does not show up. It is set to display on the upper right corner of your chart. Display X's are the distance from the right hand side of your chart. Display Y's are the distance from the top of your chart. You can easily delete it once you gain control over your actions,...
The latest version of the my notes indicator from the ADVANCED ALIEN CIVILIZATION has a subliminal mode.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #272
  • Feb 27, 2017 10:05pm Feb 27, 2017 10:05pm
be an advantage obtained in forex it is difficult to obtain, and to learn gradually and also learn milking and trading with discipline is done correctly, because a lot of things and distractions that could happen this forex market. by that because we have to get it exactly right the first study to expectations will be obtained
  • #273
  • Feb 28, 2017 4:34am Feb 28, 2017 4:34am
I had to lose a tons of money in order to get serious. At first I was risking too much, and had too wide SL. For every closed position that resulted in a loss, I later opened a new one to make up for it. Huge mistake.

Then, I came to a realization: "this ain't gonna work this way". Either give up, or do something immediately.

I couldnt give up. I love this. I loved it since the first day I discovered it. To me, this feels like what exactly I shall be doing with my life.

Today, I am not more trying to be a cheetah trying to run over the markets in a fast pace. I'm a turtle, slowly walking my way.
"Don't lose your cool, and you will fare well".
  • #274
  • Feb 28, 2017 7:22am Feb 28, 2017 7:22am
If you let it run long enough, eventually price will come back (GBPJPY), mostly!!
  • #275
  • Feb 28, 2017 7:26am Feb 28, 2017 7:26am
Quoting TooSlow
{quote} The latest version of the my notes indicator from the ADVANCED ALIEN CIVILIZATION has a subliminal mode.
I have a software that lets me create custom subliminal audio/video. Not sure I would like that function on my mt4. I delete all the indicators I do not use and lower the bars to 600 so I have optimum speed in orders. Nice idea though
You cannot be extraordinary by being normal
  • #276
  • Feb 28, 2017 7:54am Feb 28, 2017 7:54am
Quoting diana91
I had to lose a tons of money in order to get serious. At first I was risking too much, and had too wide SL. For every closed position that resulted in a loss, I later opened a new one to make up for it. Huge mistake. Then, I came to a realization: "this ain't gonna work this way". Either give up, or do something immediately. I couldnt give up. I love this. I loved it since the first day I discovered it. To me, this feels like what exactly I shall be doing with my life. Today, I am not more trying to be a cheetah trying to run over the markets in...
Revenge trading is about one of the worst things a trader can do. It's an emotional decision, not a rational one, and usually people end up digging themselves even deeper than they were at the beginning. I am glad that you managed to shake off that habit.
  • #277
  • Feb 28, 2017 10:10am Feb 28, 2017 10:10am
Q: What helped you the most to be profitable?

A: Searching for the truth.
  • #278
  • Feb 28, 2017 10:40am Feb 28, 2017 10:40am
BEing able to keep my cool.
  • #279
  • Feb 28, 2017 2:32pm Feb 28, 2017 2:32pm
Learn and understand each situation and its market value. Never ending study and learning and also experience is the great teacher.
  • #280
  • Mar 1, 2017 1:33am Mar 1, 2017 1:33am
Quoting SweetAnalyst
Learn and understand each situation and its market value. Never ending study and learning and also experience is the great teacher.
and it was clear, with no limits of learning, because learning one of the keys in a business that wants to succeed. With that I always learn on demo trading account or demo contest in instaforex broker with eager in with a real advantage can be obtained
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