Tears And Laughter In Forex Trading - Page 2
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Thread: Tears And Laughter In Forex Trading

  1. #11
    Maya

    Thank to your Article. Everything you state is true for the newbie. I buy alot of book to get the wall street's key BUT I believe I don't know anything in the book about the best way best to win the trade ofcourse by studying the book we'll learn simple/basic things in trading.

    Before I hate to see newspaper or TV from the news departments. I really don't know how to read the Currency Market currency. When I step in Currency Market trading I know why news very important for Currency Market trader.

    I understand alot of strategy I get from that forum. Regular I utilize method that is different on trading which make me lose on my trading! I lose half of the money inside my account. WHY? Because alot of strategy within my head which makes me confuse! Then I stick to one method and the result is Pipastic eventhough some trade I receive lose but more winning trade.

    For the newbie, don't waste your money to buy on books! . Some novels is good but also some novels isn't inside there. You don't need book you need a mentor! You require a teacher thats the only way you may learn fast and remeber learning never end.

    The ending. :

    TsunamiFX

  2. #12
    I recall as a kid in school we were taught by our art instructor about primary colours: yellow, red and blue. He told us how to produce unique colours, but it was only when he SHOWED us and we were permitted to experiment we understood and remembered, RED YELLOW create orange, BLUE and YELLOW makes green. Then you will understand it when you do it, see it, experience it.

  3. #13
    For example, when we're in college we will need to go for tution class? Why don't only read the books in your home? Much like in Forex. We are in need of a teacher to educate us explain in deep on the subject. We learn in the elder person/professional.

  4. #14
    Quote Originally Posted by ;
    For instance, when we're in college why we will need to go for tution class? Don't just read the books? Same as in Forex. We are in need of a teacher explain in deep on the subject to teach us. We learn in the elder person/professional.
    Now that is the Holy Grail of Currency Market trading!

  5. #15
    Hi,

    Really this is the ideal forum for individuals to read expecially for the newbie also professional. We could take example.




    Quote Originally Posted by ;
    To all Currency Market trader I love if you can share your tears and laughter (your experience) in this forum. This is fantastic for the newbie to learn some thing from professional trader.

    Thank you very much.

    Tsunami FX.

  6. #16
    Laughter and Tears:

    Here's a egy I seriously Considered using after about 3 Weeks or so in the market.

    1. Do a comprehensive analysis of the market.
    2. Determine the direction that is most likely.
    3. Pick an entry point.
    4. Realize I have a success rate on trades.
    5. Place an order of where I think that it's going to go in the opposite direction.

    I think I would have made a few pips with this one.

  7. #17
    Don't forget your risk management too eitherwise tears will emerge. I've experience like this since not using proper risk management.



    Quote Originally Posted by ;
    Laughter and Tears:

    Here's a egy I seriously considered using after about 3 months or so in the market.

    1. Do a thorough analysis of this market.
    2. Determine the most likely direction.
    3. Pick an entry point.
    4. Realize I have a success rate on transactions.
    5. Put an order of where I think it's going to go in the direction.

    I believe I would have left some pips with that one.

  8. #18
    My worst moments was when I went from equities to Foreign Exchange and got 0wned many days because I overleveraged overly much.

    Thank God those days rarely happen anymore and my head is for the most part ok.

  9. #19
    Quote Originally Posted by ;
    Laughter and Tears:

    Following Is a egy I seriously Considered using after about 3 months or so in the market.

    1. Do a comprehensive analysis of the market.
    2. Determine the direction that is most likely.
    3. Pick at an entry stage.
    4. Realize that I have a success rate on trades.
    5. Place an order in the direction of where I think that it's likely to go.

    I believe I'd have left some pips with this one.
    I agree especially without a 5

    I gave been trading long but I have heard
    1. NEVER EVER exchange the news whenever you are a newbie
    2. Never exchange more than 2 percent MAX of your margin/available money
    3. If the idea crosses your mind to close out a bargain - DO IT (dropped 50 pips a day by trying to hold out to 70 pips - market turned)
    4. Never trade impulse - Its ok to miss a transaction - there is another one

  10. #20
    Trading is very hard, try not to beat yourself up over the losses, they happen as a result of dumb trades occasionally because the market management changes.

    Today is, 4 great trades, 2 bad luck trades, 1 Stupid commerce I let get away, little loss on the afternoon still regrettably.

    Having the money from your account to test again tommorow is key!!

    Be Warned if your trying really hard and it moves against you, it is very stressful, regrettably I pulled the plug abit too early today, coulda turned it around after the Fed News


    Oh well!!!

    Good luck, it is potential but expect to still be struggling 2years in, the people that get great at Forex trading eventually earn STUPID money, therefore it is well worth the time spent.

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