Why are you trading? | Forex Factory

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Why are you trading?

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  • #1
  • First Post: Jun 13, 2017 8:07am Jun 13, 2017 8:07am
So reading most of the forum i see that a lot of people are losing money on trading and won't give up even they lost so much in a few years.

So why are you trading?

I am trading because I see it like a mathematical puzzle that needs to be solved and should be able to be solved based on price action since a currency can never go lower then 0 (unless a country is doing very bad but i won't trade those currencies) :-)
  • #2
  • Jun 13, 2017 8:16am Jun 13, 2017 8:16am
I love the competition and the reward (money)
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #3
  • Jun 13, 2017 9:51am Jun 13, 2017 9:51am
Quoting Beerbelly
So reading most of the forum i see that a lot of people are losing money on trading and won't give up even they lost so much in a few years. So why are you trading? I am trading because I see it like a mathematical puzzle that needs to be solved and should be able to be solved based on price action since a currency can never go lower then 0 (unless a country is doing very bad but i won't trade those currencies) :-)
Math?!

-> We all want money ... lots of money $$$
-> We are greedy monsters.
The funniest, is that nobody takes me seriously.
  • #4
  • Jun 13, 2017 10:14am Jun 13, 2017 10:14am
The biggest dream is to be independent.
"The essence of Discipline is that there are no exceptions" - Jack Schwager
  • #5
  • Jun 13, 2017 10:17am Jun 13, 2017 10:17am
Quoting FairTrader
{quote} Math?! -> We all want money ... lots of money $$$ -> We are greedy monsters.
Of course money is my second reason... If i didnt like like forex i would make money different ways
  • #6
  • Jun 13, 2017 11:06am Jun 13, 2017 11:06am
I'm trading to be able to have a nice life, and I have archived some part of the sucess.
Chase your dreams, because nobody will do it for you.
  • #7
  • Jun 13, 2017 11:07am Jun 13, 2017 11:07am
Quoting Beerbelly
. So why are you trading?
//------

to silently prove it can be done.....h
to trade and code, keep both simple... no call to impress....h
  • #8
  • Jun 13, 2017 11:26am Jun 13, 2017 11:26am
Quoting hayseed
{quote} //------ to silently prove it can be done.....h
i like to prove it loudly..cause i have confidence issues. Money is the glass wall to my tortured soul...
  • #9
  • Jun 13, 2017 11:33am Jun 13, 2017 11:33am
Quoting hayseed
{quote} //------ to silently prove it can be done.....h
Of course it can be done. As a retail trader you CAN make money. The problem is, there are loads of obstacles in the way to learning to trade profitably. One of those obstacles is this forum by the way.

For me in trading, money is secondary. I don't think it is possible to do this only for the money, if you don't LOVE every bit of trading fanatically and with passion, your chances are greatly reduced. This is such a fine game, you have to be interested in it to the smallest detail.

I had to change so many of my habits and thought patterns because of trading, and also had to pick up new ones, the journey I'm going through makes/made me a different person, but in a better way.

Trading is my job, my hobby and my passion.
Price and volume reveals everything. The market moves on supply and demand.
  • #10
  • Jun 13, 2017 11:33am Jun 13, 2017 11:33am
Honestly, I have come into trading because of earning money very rapidly. But after some attempts I failed.
Now I am trying to be a professional in Forex and took it as a Hobby.
  • #11
  • Jun 13, 2017 11:49am Jun 13, 2017 11:49am
Forex trading can be profitable if we can ensure
-powerful trading strategies ,
real analysis of trading ,
exact money management
risk management
controlling emotions
good knowledge good support from a broker and much more.
But practically because of these absence we lose by trading and blame this market place.
  • #12
  • Jun 13, 2017 11:57am Jun 13, 2017 11:57am
Quoting hilmy83
{quote} i like to prove it loudly..cause i have confidence issues..
//-----

hey hilmy..... yeah, i've noticed..... also noticed your explorer............h
to trade and code, keep both simple... no call to impress....h
  • #13
  • Jun 13, 2017 12:16pm Jun 13, 2017 12:16pm
Quoting Darastonius
{quote} Of course it can be done. As a retail trader you CAN make money. The problem is, there are loads of obstacles in the way to learning to trade profitably. One of those obstacles is this forum by the way. For me in trading, money is secondary. I don't think it is possible to do this only for the money, if you don't LOVE every bit of trading fanatically and with passion, your chances are greatly reduced. This is such a fine game, you have to be interested in it to the smallest detail. I had to change so many of my habits and thought patterns...
this forum has a lot of useful information. Just like everything else, it's 80/20. 80% of posts/threads are useless, but if you've been here long enough you'll come across the 20% of information that will transform your mindset/strategy.

forum is NOT an obstacle..in fact it's how most of us get to know the market in the first place because we were unfortunate not to have any mentors...
  • #14
  • Jun 13, 2017 12:17pm Jun 13, 2017 12:17pm
Quoting hayseed
{quote} //----- hey hilmy..... yeah, i've noticed..... also noticed your explorer............h
nice to see one the FF class of 2006 still around lol
  • #15
  • Jun 13, 2017 1:18pm Jun 13, 2017 1:18pm
Quoting hayseed
{quote} //------ to silently prove it can be done.....h
Quoting hilmy83
{quote} i like to prove it loudly..cause i have confidence issues. Money is the glass wall to my tortured soul...
Off topic, but to hayseed and hilmy83.

How long did it take for you ... to be profitable and consistent.
Thank you in advance

Cheers
The funniest, is that nobody takes me seriously.
  • #16
  • Jun 13, 2017 1:34pm Jun 13, 2017 1:34pm
Quoting FairTrader
{quote} {quote} Off topic, but to hayseed and hilmy83. How long did it take for you ... to be profitable and consistent. Thank you in advance Cheers
i started out in 2006. FF was literally the 2nd or 3rd site i visited.

2006-2008 - noob learning phase
2009- started day trading
2011 - first 5 figure profit and losses experiences
2015 - first profitable year
late 2016-2017- regular withdrawals made

2018 first million? hope so...
  • #17
  • Jun 13, 2017 2:37pm Jun 13, 2017 2:37pm
Quoting hilmy83
{quote} i started out in 2006. FF was literally the 2nd or 3rd site i visited. 2006-2008 - noob learning phase 2009- started day trading 2011 - first 5 figure profit and losses experiences 2015 - first profitable year late 2016-2017- regular withdrawals made 2018 first million? hope so...
Thanks for your answer

Your journey is about 9 years until be consistent... Well, that gives me motivation to continue because I´m at a phase that I think (know) I´m almost there.
About 7 years here with lots of ups and downs ...

I wish you achieve your (1M) goal.

Cheers
The funniest, is that nobody takes me seriously.
  • #18
  • Jun 13, 2017 2:45pm Jun 13, 2017 2:45pm
Quoting FairTrader
{quote} Off topic, but to hayseed and hilmy83. How long did it take for you ... to be profitable and consistent. Thank you in advance Cheers
//-----

hey fairtrader..... i'm probably the worst person to ask that for a several dozen reasons..... best that i can remember, starting in 2006, it took me about 4 years to average 1% a month..... sounds small but 1% a month beats the s&p 500 returns..... have improved that about 1% per month each year since.....

my trouble was me...... too large a lot size .... no stop loss..... small profit target..... adding to losers..... counter trend trading..... guessing..... hoping..... knowing..... i am a encyclopedia of bad trading habits......

as i learned to code, my results proportionally improved..... i coded me out completely.....

in my mind, a person should be able to average between 1% and 10% a month not compounded with relative ease......h
to trade and code, keep both simple... no call to impress....h
  • #19
  • Jun 13, 2017 3:24pm Jun 13, 2017 3:24pm
Quoting hayseed
{quote} //----- hey fairtrader..... i'm probably the worst person to ask that for a several dozen reasons..... best that i can remember, starting in 2006, it took me about 4 years to average 1% a month..... sounds small but 1% a month beats the s&p 500 returns..... have improved that about 1% per month each year since..... my trouble was me...... too large a lot size .... no stop loss..... small profit target..... adding to losers..... counter trend trading..... guessing..... hoping..... knowing..... i am a encyclopedia of bad trading habits.........
Thanks for your answer

Yes, I know perfectly well that type of behaviors (lived in person ... it's a struggle) I think everyone has these kind of experiences, but only a few can overcome them.
Glad you are one of those.

And that all your wishes come true.
Cheers
The funniest, is that nobody takes me seriously.
  • #20
  • Jun 13, 2017 3:28pm Jun 13, 2017 3:28pm
Sorry, Beerbelly for these off topic posts

Cheers
The funniest, is that nobody takes me seriously.
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