You are missing the point entirely, the reason that if you absorb information quickly you still can't be a trader next week is that trading takes lots and lots of practice. As CrocodileRox said, it's about learning to defeat your own will, and ...

Wanna know why a majority of traders lose?

I can't figure out if you are serious or just yanking our chains now. How can a new person know what is good or bad information is, by definition they are new and don't know anything. Even so, price being high or low is near impossible to tell ...

Wanna know why a majority of traders lose?

I agree money can be made from robots, people are very different.

Wanna know why a majority of traders lose?

Saying that it's easy and they just need to work hard is what makes people get into it and lose their money. It's not easy, you may never achieve it, and you will more than likely lose a shit-ton of a money before you do (if you do) get there.

Wanna know why a majority of traders lose?

The real technical traders aren't really 100% technical traders, not in the way a person who hasn't been trading a long time would understand. A 100% technical trader is just following a bunch of signals given by indicators, not being able to filter ...

Wanna know why a majority of traders lose?

Because I actually get my living from Forex and this type of stuff loses people their life savings.

Wanna know why a majority of traders lose?

You can't calculate the future, however much you would like to think so. Trading technical analysis without understanding why you are doing what you are doing will not make you a trader, I guarantee it.

Wanna know why a majority of traders lose?

I don't want you to prove anything - You are clearly someone who is full of enthusiasm for this thing you are doing and that's great - but you clearly don't know what you are talking about. Lack of hard work is not something that makes most people ...

Wanna know why a majority of traders lose?

This forum is the blind leading the blind sometimes. Why the OP even got a reply is beyond me, this has been done over and over. Most traders don't fail because they are lazy, they fail because they trade just like this - they trade technically ...

Wanna know why a majority of traders lose?

0.1 lots is one dollar per movement At 2000 pips against you you have 2000 pips 1900 pips 1800 pips 1700 pips 1600 pips 1500 pips 1400 pips 1300 pips 1200 pips 1100 pips 1100 pips I think that's 16500 pips. Which in your example somehow is 5% of ...

Is the martingale way the only way in Forex?

Seems like you are depressed because you aren't making your money back, or you aren't getting the rush from trade (which put you in this mess in the first place). Your trades should be as close to boring as is possible, a small risk that you aren't ...

Do you find it hard to stay motivated?

Biggest reason people fail is they are either to lazy to study it properly themselves; or spend all their energy learning systems and listening to everyone else's opinion on anything. Instead of making their own strategy and forming their own ...

Top Reasons Why Most Beginner Traders Fail

Where's the option : I'm not stupid - I trade high impact news only (instead of chasing my tail like 99% of traders)

News Avoidance

Great day for traders. Except for that morning news on my GBPCAD, that later turned around 250+pips it was a perfect day. These are the days that make up for the bad days/weeks...like my last week, in one day.

News trading discussion - continuation

You have to wait for some minutes, and see which direction the market has chosen. It's not something you can get every pip with unless you are gambling.

NFP Prediction

Charts tell you what the forecast number is, that is all. The forecast is the price that is bought in. You think you can see something, you can't see it.

NFP Prediction

Please don't start dumb threads like this. It's not a prediction it's a GUESS, and people follow this forum with more money than sense.

NFP Prediction

Yes, brokers can see all your trade history, entries and exits, stop losses, trade sizes etc. I'm not sure what you mean about privacy? All brokers need to have access to your trades in order to make any edits needed.

How does privacy work in online brokers?

Probably because the moving average is just too large, and the small differences add up and it's a large difference because it's daily. EMA just means that the more recent the candle the more impact it has, most people believe it to be more ...

How reliable are moving averages?

What I am saying, if I need to explain myself further, is that the indicator signal in itself doesn't mean much unless we are looking for it to show us a specific type of behaviour, something real and economic in the market. If you are just watching ...

Do Indicators Help or Hinder?