Good post. I think it's possible to reach a state where trading becomes easy though, like any profession. Practice cannot make perfect in trading but it can certainly make near perfect where you worry very little about any given trade because you ...

Why do most traders lose money in the market?

Can't really agree with that. Once you know what you're doing, picking tops and bottoms is around about as easy as taking trades back into the prevelant trend.

Why do most traders lose money in the market?

Sure mate, yeah I was talking about FX, that's all I trade and the reason we are all on here I guess

Why do most traders lose money in the market?

Even then though, how could they possibly reach that conclusion given how fragmented the data is and how different costs of living are across the planet? Totally impossible to even get close to being sure of your ground I'd say.

Why do most traders lose money in the market?

I think most of us know that the majority of people are not mentally strong enough to trade well and frequently do the opposite of what's in their own best interests. It's a peculiar human trait but we've all been there, even people that are ...

Why do most traders lose money in the market?

Happy new year all (bit late I know). I'm going to start posting some damn charts on this thread, it's as dead as the late Jack McDeadman, so dead that dead people used to ring him up and say "man, I thought I was dead but jeez, you're like properly ...

Trade what you see NOT what you expect

Stop pussy footing around and saying what you really mean. I get the feline that you're a whisker away from pawing more scorn on a poster than i've seen before.

Do you guys find that forex trading sucks?

Another trading fallacy. I lost a bit when I first started out but only maybe 15% of my account at it's worst ebb. It took me over two years of ebb and flow above and below break even to begin making good returns but if you're sensible with you ...

Do you guys find that forex trading sucks?

I buy luck. There is a tendancy to believe that if you've won a trade, it's all down to you and your amazing chart reading skills. Actually, part of it is always luck because no entry has a 100% chance of success so there has to be an element of ...

No Loss Strategy?

If you can trade with a strategy that has a stop loss and a 70% win rate expectancy based on 10-15 years worht of backtesting, stop there. You have all you need, go out and make a packet. Trying to edge that up any further is futile as i'm not ...

No Loss Strategy?

I saw all the hallmarks of this guy early on. There was a similar thread to this on babypips some time ago and he's used a lot of the same language as the fella who started that thread. I'm almost certain it's the same person. Call him a WUM or a ...

Do you guys find that forex trading sucks?

I know of a trader who compounded an account up and over 7 figures. I don't think his is the only one to have done it, i'm fairly certain that many people have done similar and one day, I hope to do the same. I have a lot of trading years ahead of ...

Do you guys find that forex trading sucks?

So let me just make sure I understand this? You're a trader, you trade other markets and think (rightly) that Forex presents another opportunity to increase your return. You go into it, you don't fail but you turn only a marginal profit and then ...

Do you guys find that forex trading sucks?

I feel as much guilt as I would if I opened up a shop, a restaurant or any other form of business. It stands to reason that if you're doing well in your business, unless you have a totally unique business that it creating it's own demand, someone ...

Do you feel guilty because of your profits?

This is actually what I want and am moving away from. I want to get to the stage where the whole thing is nothing but a mechanical process. I don't mean that in the way that I will have defined entries, exits and stops that are set in concrete and ...

Trade or Give up?

With all the respect i'm sure he deserves, your old man was talking rubbish, please don't take that the wrong way. Thatcher had an effect on this country and in some quarters it was initially very painful indeed. Then over time, the pain ebbed and ...

Is Your Money Safe?

Thanks man, you too. BTW, I can totally sympathise with the feeling of nerves when you are opening new trades up. I had that all the time during the early days but you have pinpointed the exact reason for them already. It's that lack of comfort in ...

Trade what you see NOT what you expect

No problem mate. I found this thread when it wa starting to dwindle as well but as you rightly say, everything you need is here. Get your hands on some historic chart data (your platform may go back far enough already) and have the right day's ...

Trade what you see NOT what you expect

That could take you about half a decade. The best advice is to be found repeated throughout the thread. Find one setup that you like, that you get, that you can see easily. Practice that one setup and learn all the nuances that it holds. You need to ...

Trade what you see NOT what you expect

I think most traders find they're own way eventually. Either a combination of things they've picked up from all over the place or their own totally unique approach. I don't there are many people trading purely EO's way any longer but I reckon very ...

Trade what you see NOT what you expect