Hunter Posted January 14, 2011 Share Posted January 14, 2011 when we are getting loss more than what we expected i.e. trade is going against what we thought of Better close the trade earliest - whenever i try to keep trade and hope it will reverse in positive direction my loss increases. yes that will always happen,if we find the fact that we made trade at wrong time or direction we should get out soon because most of the time it won't return to our interested direction till we get big loss. Quote Link to comment Share on other sites More sharing options...
boniez Posted January 18, 2011 Share Posted January 18, 2011 yes that will always happen,if we find the fact that we made trade at wrong time or direction we should get out soon because most of the time it won't return to our interested direction till we get big loss. therefore indicators provided by them to assist us in determining the correct direction of market movement. maybe it only applies to long-term traders who not ussed many indicator Quote Link to comment Share on other sites More sharing options...
Legendkid Posted January 22, 2011 Share Posted January 22, 2011 But if this indicators do work for all,why then do people always complain of losing their money?Some even quite after some times of trying out forex.I don't have any experience yet,but surely am going to experience it. Quote Link to comment Share on other sites More sharing options...
boniez Posted January 23, 2011 Share Posted January 23, 2011 But if this indicators do work for all,why then do people always complain of losing their money?Some even quite after some times of trying out forex.I don't have any experience yet,but surely am going to experience it. surely because thaey cant maintain the indicator properly, and dont know the best strategy, so many of them still compain even tough the indicator is working Quote Link to comment Share on other sites More sharing options...
djfritz Posted January 27, 2011 Share Posted January 27, 2011 Actually indicators isn't perfect all the time, if it is then it would be easier for us to reach our target. That's why we have to see the confirmation first before placing a position, or we have to mixed up different indicators to confirm. Quote Link to comment Share on other sites More sharing options...
silenteyes Posted February 13, 2011 Share Posted February 13, 2011 There is nothing which is fixed in forex. Forex is ever changing and you have to keep changing your strategy to get maximum out from it. Whenever you want to add something new, this must be done in demo account first. Quote Link to comment Share on other sites More sharing options...
indieover Posted February 14, 2011 Share Posted February 14, 2011 i am still a noob in forex though i have made a lot of reading already in forex. but i am still learning how to trade well. i have not earned any thing. i have lost a lot actually like $250 already. wiped out in my forex account. Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 16, 2011 Share Posted February 16, 2011 Ouch, that's sad but a necessary step in rading. Unless you experience MC< you can never know how important it is to manage risks as well as manage your money, but once you lose out on the market, it's an indelible lesson. Quote Link to comment Share on other sites More sharing options...
djfritz Posted February 16, 2011 Share Posted February 16, 2011 I have stopped trading for awhile because I haven't earned anything in forex, the exchange rate is pretty tricky and even if you have the tools in your hand to predict still it isn't a guarantee, so right now I am looking for long term entries, but I need to save first for atleast $100 to start again. Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 16, 2011 Share Posted February 16, 2011 Well, it's good you have a plan of what to do. First, resolve the cause of your loss before you resume trading so that you do not end up making the same mistakes. May be you can share your problems here. Quote Link to comment Share on other sites More sharing options...
djfritz Posted February 18, 2011 Share Posted February 18, 2011 Well seems like what I have practiced in forex always doesn't work, I mean I have tried to match some indicators in my trading but I always have not get my TP and before I knew it already hits my SL, how about you sirwilly are you profitable in forex? Quote Link to comment Share on other sites More sharing options...
caspir Posted February 19, 2011 Share Posted February 19, 2011 I have interest in forex and i have a planned to get involve myself in that field, but its really important to first some learn its basics and adopt some necessary skills, that how to handle the situation in any situation. Quote Link to comment Share on other sites More sharing options...
standart Posted February 19, 2011 Share Posted February 19, 2011 Almost a year now I am trading but there is no satisfied result so far. still many fault method but i am not give up and still continue to learn to get better result. many trader maybe ask why long time needed to become good trader and now I am understand because many unpredictable situation in forex. so need long time experience to get good result and become good trader. Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 19, 2011 Share Posted February 19, 2011 That's the spirit, friend. I also have not been able to make my dream money fro trading because I haven't got the balance I would like to deposit. I still have to do with a trading balance of less than $500. Quote Link to comment Share on other sites More sharing options...
matiskater Posted February 21, 2011 Share Posted February 21, 2011 im still learning but ive been in forex business for the past 6 months..and happy with it;) Quote Link to comment Share on other sites More sharing options...
boniez Posted February 22, 2011 Share Posted February 22, 2011 im still learning but ive been in forex business for the past 6 months..and happy with it;) you still learn forex even tough you've been know forex bussines about 6 mont? thats ood if you have desire to bee an expert trader, keep o learn till you succeced Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 1, 2011 Share Posted March 1, 2011 I didn't have too much experiences in forex market, I must train harder in forex because I knew only 2 pairs which I used to trade. I used only EUR/USD and GBP/USD as my pairs. Usually, I will use London session and USA session to trade. Quote Link to comment Share on other sites More sharing options...
caspir Posted March 2, 2011 Share Posted March 2, 2011 So for my experience about forex is no more than the forums and demo account i have a planned to enter in the real account sooner, but before that i have to learn some basic skill which were essential in that field. But i have seen forex is a good field which can give you good profit if you have the ability to handle it well. Quote Link to comment Share on other sites More sharing options...
silenteyes Posted March 4, 2011 Share Posted March 4, 2011 The experience you will get in demo account will certainly help you to get going in real account as well. You have to keep learning in real account as well because there will be many things which you can't experience in demo account. Quote Link to comment Share on other sites More sharing options...
boniez Posted March 12, 2011 Share Posted March 12, 2011 after a long time i've been active in various forex forums, I've got quite a lot of strategy, as I've found a lot of strategy, but only one of many strategies that I think that is profitable enough such crossings MA Quote Link to comment Share on other sites More sharing options...
moneyman Posted March 15, 2011 Share Posted March 15, 2011 I have been trading for 4 months now, I want a little more experience before taking it more seriously and investing more. So I'm still in learning stage. In my mind I feel myself knowing about these things enough, but I still invest quite small amounts. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 19, 2011 Share Posted March 19, 2011 @moneyman yes we need more time to gain experience to become successful trader. i also trading from 10 month but have to learn more and more and sometime it seems to me that i dont know nothing. and in forex its ture there is no end of learning . Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 21, 2011 Share Posted March 21, 2011 Forex is not easy, as I knew we can't make decision only based on our feeling. We must have fact to support our decision because forex is not gambling. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 29, 2011 Share Posted March 29, 2011 @andry777 yes forex is never gambling but its true anyone can trade forex without any proper knowledge if he think and want to play as a gambling when there is 100% risk involved to loss all. anyway its real business and lots of education need to become successful trader. Quote Link to comment Share on other sites More sharing options...
andry777 Posted April 15, 2011 Share Posted April 15, 2011 @Nikhil Yes,we must have good knowledges and good experience to survive in forex trading because all conditions in the market could change the movement of price and that is not random movement. We can learn the possibilities of movement to gain some profits. Quote Link to comment Share on other sites More sharing options...
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