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Trading is Extremly hard!

  • #41
  • Feb 17, 2017 5:01am Feb 17, 2017 5:01am
Quoting bloodpoodle
Trading is extremely hard! 1. price can stall for months! Look at u/j stalled for 8 months at 102 and barley moved! 2. You must wait a long time for a good setup.. sometimes days/weeks. Sometimes a few a day. 3. You need years of chart time to understand how price is likely to move. 4. Summer and Christmas get real slow sometimes. 5. Not many people can be consistent. 6. Once you find a good system.. the conditions may not return for months for it to be profitable again. 7. Nobody opens a chart places a few trades then goes to the beach.. Alll the...
I can't agree more with bloodpuddle about trading is very hard.

I have tried MANY SYSTEMS with demo testing. And until now I haven't made a single CONSISTENT PROFIT.

I think if you know where the price is going, you can make consistent profit. How hard is that "you know where the price is going" can you read the future? Can you make it happen? Can you see the price movement next the blank space in the right? Can you control the whole time tunnel?? There's another devil. How about market manipulation? The time when you should be right, because they see your orders, they control a spike that triggers your SL, and close it.
  • #42
  • Feb 17, 2017 5:30am Feb 17, 2017 5:30am
Quoting profitkeeper
I think you have summed it up nicely. This is a dose of reality for every trader or wanna be trader.
Well majority of these problems can be solved my using automated trading robots working on more currencies
I like what I trade, I trade what I like
  • #43
  • Feb 17, 2017 6:40am Feb 17, 2017 6:40am
Quoting Davit
{quote} Trade swings.Don't have to wait years.....average swings lasts 3-5days.You got to develop strategy that benefits your style of trading which in general how your personality is.I don't like scalping my focus is on swings but others do well scalping. I treat trading like ART. As a painter I see how constructing a portrait takes lot of consideration.One never just takes a canvas and starts painting an eye.It start with overall domentions ,shape,the pose then skeleton generalities and slowly constructing the face features. In trading is the...
Hi DAvit,
I want to hold trade for maximum 3 hours duration. Can you please suggest or share your experience for such kind of trading?
thank you.
Practice makes a person perfect
  • #44
  • Feb 17, 2017 10:49am Feb 17, 2017 10:49am
Quoting TalonTromper
{quote} I'm curious, what kind of personality is (in your opinion) needed for trading?
you dont "need" a personality.. you just need consistency in what you are doing: do you know the honey badger, the animal? hes a tiny sucker that never gives up when he wants something or hes fighting for whatever reason, even against lions !!

you have to have that "attitude" WITH your PROVEN EDGE that gives your strategy, your rules (when you really have 1 that works consistently) with your money/risk management and be consistent no matter what..

be a freaking honey badger to your method !! ALL THE TIME !!
  • #45
  • Feb 17, 2017 12:48pm Feb 17, 2017 12:48pm
Quoting andrern2000
{quote} I can't agree more with bloodpuddle about trading is very hard. I have tried MANY SYSTEMS with demo testing. And until now I haven't made a single CONSISTENT PROFIT. I think if you know where the price is going, you can make consistent profit. How hard is that "you know where the price is going" can you read the future? Can you make it happen? Can you see the price movement next the blank space in the right? Can you control the whole time tunnel?? There's another devil. How about market manipulation? The time when you should be right, because...

Testing something that wasn't invented by yourself is a waste of time. Trading is difficult because its basically a game of chaos - too many factors affect it and any precipitate trade without stop loss or something like that can completely ruin your trading records. Discipline is a cornerstone in this business, struggling against thousands traders like you, you also need to battle against yourself, against your emotions, greed and fear. Trading demands keen and exploring mind which always tries to be a step ahead of others.
  • #46
  • Feb 22, 2017 4:40am Feb 22, 2017 4:40am
Of course it is hard, it will always be hard. Nothing good comes easy, right?
  • #47
  • Feb 22, 2017 8:04am Feb 22, 2017 8:04am
Quoting Jayeshpatel4
Of course it is hard, it will always be hard. Nothing good comes easy, right?
This couldn’t be said enough. In order to achieve something, usually you should make an effort. In Forex trading that effort is big and it doesn’t always pay off, unfortunately.
  • #48
  • Feb 23, 2017 8:56am Feb 23, 2017 8:56am
Quoting togr
{quote} Well majority of these problems can be solved my using automated trading robots working on more currencies
Agree with you to some extent. Risk diversification is a great money management tool which in my opinion is immensely underestimated. Automated systems, on the other hand, are something that I am not a big fan of due to reasons which I have mentioned previously in other threads.
  • #49
  • Mar 7, 2017 8:57pm Mar 7, 2017 8:57pm
Quoting mlawson71
{quote} This couldnt be said enough. In order to achieve something, usually you should make an effort. In Forex trading that effort is big and it doesnt always pay off, unfortunately.
Yes, it doesn't always pay off, but doesn't mean we should give up It will eventually pay off, we need to be more positive. In order to succeed, you need to fail first
  • #50
  • Mar 8, 2017 1:42am Mar 8, 2017 1:42am
Quoting Jayeshpatel4
{quote} Yes, it doesn't always pay off, but doesn't mean we should give up It will eventually pay off, we need to be more positive. In order to succeed, you need to fail first
I agree with you guys! In fact everything is hard, before it becomes easy. So does trading! It demands complete focus and patience. Yes it doesn’t pay off every time but even if you fail to make profits, do not blow up. Get back on the bar and trade again.
  • #51
  • Mar 10, 2017 3:46am Mar 10, 2017 3:46am
For novice traders, it’s really hard, but for the pro traders trading is challenging profession not hard or complicated one! It’s hard for new traders, since they don’t know the languages of market reading! But, Forex trading is not impossible; if a novice trader starts his trading career by demo, and use his/her practice account in the proper way, then of course he/she will be able to enjoy their live trading journey otherwise not!
  • #52
  • Mar 12, 2017 12:55pm Mar 12, 2017 12:55pm
Lots of bad advice here. A lot of repetitious stuff that will that will dull desires and gains. Sounds inspiring though. Good enough for a couple more lost bankrolls.

If one wants to cut to the quick one should find a Mentor for guidance. Pay him $$ for guidance. Better than just blowing it. If one is willing to make money and not become the next Einstein let a Mentor set you up in a easy to trade system. Believe most make money. It's the traders trading uneducated immaturity that loses. Then you could start making $$ early on and become Einstein at your leisure. Do not trade till hooking up with a successful Trader.

FF is the absolute worst place for a newbie. You will pay dearly for learning here!!!
  • #53
  • Mar 17, 2017 5:53am Mar 17, 2017 5:53am
Of course, it`s hard. Most people think, that trading on Forex is an easy way of making money, that`s way they lose. I was like them, I`ve lost my deposit and realized, that you should really work hard, learn and practice a lot to become a professional in this sphere. it may take a lot of month and even years till you find the right strategy and start making really big money.
It`s not a gambling, part-time job or passive income. it`s a serious work, that will take all your time (if you want to be successful and rich)
  • #54
  • Mar 19, 2017 6:02am Mar 19, 2017 6:02am
Quoting bloodpoodle
Trading is extremely hard! 1. price can stall for months! Look at u/j stalled for 8 months at 102 and barley moved! 2. You must wait a long time for a good setup.. sometimes days/weeks. Sometimes a few a day. 3. You need years of chart time to understand how price is likely to move. 4. Summer and Christmas get real slow sometimes. 5. Not many people can be consistent. 6. Once you find a good system.. the conditions may not return for months for it to be profitable again. 7. Nobody opens a chart places a few trades then goes to the beach.. Alll the...
Agree with all your points. Learn to program a computer. Use your knowledge to write programs to really understand the edge and risk of your strats, when/if you find a strat that has an edge, use a computer to execute it.
I live entirely from the growth of my personal trading account
  • #55
  • Apr 4, 2017 8:47am Apr 4, 2017 8:47am
Trading is extremely hard for the traders who actually based on technical tool only! Forex trading business is all about technical and fundamental analysis! So, if you want to make it easy then you need to study on technical and fundamental analysis deeply! Don’t be scared about your initial trading bindings, because all of novice traders start their trading journey with a negative trading result!
  • #56
  • Apr 4, 2017 9:12am Apr 4, 2017 9:12am
Trading is extremely easy

unfortunetly the human spirit and the journey one must walk isextremely hard



Inserted Video
Time hides Nothing
  • #57
  • Apr 4, 2017 9:18am Apr 4, 2017 9:18am
no man can esacpe the walk that the dinner requires

everyones gotta eat. Some eat, some are just meat

https://m.youtube.com/watch?v=AkFqg5wAuFk
Time hides Nothing
  • #58
  • Apr 4, 2017 9:24am Apr 4, 2017 9:24am
What is hard is to turn emotions off.

Everything else is rather easy, and can be learned. He who controls his mind, will always get the most from the markets.
"Don't lose your cool, and you will fare well".
  • #59
  • Apr 4, 2017 9:53am Apr 4, 2017 9:53am
...........to control ur emotion is hard..
everything seems easy if u can control it and be consistent with ur money management
  • #60
  • Apr 4, 2017 11:25am Apr 4, 2017 11:25am
Trading is hard bcs majority of the traders only understand (or only willing to learn) just one side of the coin, ...

Finish your homework first (all of it, dont be picky) before talking about psychology, mm, etc.
I see it all in between ...
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