Yup, sometimes were in a perfect bullish market.. and strategy works like a charm until we enter the sideways market for the next year and that strategy becomes completely useless. A good strategy is one that was created to handle most market ...

Experience as a trader

Its very frustrating, and understandably so.. I would advice, in order for you to examine what is going wrong, because theoretically if you are doing something "consecutively" It is good, now it might sounds crazy but in essence you are hitting with ...

Experience as a trader

There is a saying. I don't know it, but there is one lol.. Has to do with you shouldn't do something to prove it to someone else.. Trading is done for someone to earn money, that's what I do it for.. Do I need to prove to someone that this is what I ...

I've figured out why so many people lose money in Forex

Typing from my phone. New episode of black sails is on lol. Don't need to apologize people make mistakes and it's a learning process. It took me a lot of trial and error to gain knowledge. So you've learned and now understand and that's what's ...

I've figured out why so many people lose money in Forex

The shit they did in the U.S I don't trade with U.S Brokers not that their is much to pick from even if I wanted to, plus as I've always said you never had the "security" you were promised by the regulators. They are as good as an expired warranty.

I've figured out why so many people lose money in Forex

Cya laters When I used to work in a brokerage firm, they would show us the Wall street movie what a surprise.. with A B C (who knows their Trading ABC's) God knows I do lmao!

I've figured out why so many people lose money in Forex

Its not rocket science, its not neurosurgery either. Its freaking leverage.. People should be jumping up and down for leverage.. I wish I'd get leverage every aspect of my life lol Inject leverage into my life please.

I've figured out why so many people lose money in Forex

I don't wanna talking about leverage anymore.. I don't wanna, I don't wanna lol.

I've figured out why so many people lose money in Forex

you know, when I was learning this wee back in the good ol'days I did it in my own corner.. by myself making all this errors and mistakes and god knows what else, but people now common lol its okay to ask for help but common! its like if we break it ...

I've figured out why so many people lose money in Forex

The bottom line is we are all circle jerking and explaining the exact same thing lol. Profit Daily is right Earnpips is right I am right its ALL the same thing! So whoever still Doesn't get it, god have mercy on your soul!

I've figured out why so many people lose money in Forex

yes that is correct, but we need to constantly explain that to people because as soon as you stop explaining it they get lost. there is.. when your using leverage to calculate your risk and lot size and whatever else.. its like saying E=Mc^2 doesn't ...

I've figured out why so many people lose money in Forex

I think you've meant to say it does matter At least I think it matters, leverage vs trade size cause you can kill your whole balance just with high leverage and High Lot size in one swoop literally. Something you don't want to do is open a high ...

I've figured out why so many people lose money in Forex

Sorry another new sheet.. Now the problem is people don't lose because they lose consecutively in a row.. People lose because they A) Don't close position B) open to many positions C) open positions to large in size. Which relates to 2 things FEAR ...

I've figured out why so many people lose money in Forex

I'll start a new sheet. The way to avoid the pitfalls is to know your risk, know your trade size, know how many positions you can open, know your possible max dd preferable know your statistical edge. The way to do it start calculation with your ...

I've figured out why so many people lose money in Forex

I'll give a few examples.. So for ease of thinking will say 100k 1:1 $10 per pip. Just easier like that. Okay so you open position with 1:1 -- 100K Just opens it for you.. You have NO capital to actually trade it with. So lets say you open 125K 1 ...

I've figured out why so many people lose money in Forex

fixed my post. because 111,955 will just get you INTO the position with 1:1 you need more capital to trade at $10 per pip so you'll open and get margin call as soon as you do

I've figured out why so many people lose money in Forex

I'm starting to think the problem is combing all this elements together into 1 calculation. Leverage x Lot Size x Risk x Drawdown (divide) available equity. Most people are having hard time calculating this in a nutshell. Of course more can be added ...

I've figured out why so many people lose money in Forex

your confusing the leverage.. for 0.01 that's 10 cents per pip and it would cost $1,000 in margin on 1:1 for $1 per pip that's 0.1 and that's $10,000 margin 1:1 if its not a secret how come 7 out of 10 people don't know about it You'd be amazed ...

I've figured out why so many people lose money in Forex