Navigation
|
|||||||
 |
|
Hi there! You're viewing as a guest which give you limited access. By joining our community, you'll have free access to forex trading systems, articles, metatrader indicators and expert advisors. Join us today |
 |
|
|
LinkBack | Thread Tools | Display Modes |
Forez newbie
10-03-2006, 01:59 PM
|
|||
|
|||
Forez newbie
Hi, im a newbie in the currency market and i've aquired more losses in trying the system than actual profit. You really must know what your doing beforehand!
|
 |
|
10-03-2006, 02:18 PM
|
||||
|
||||
|
Nobody starts with winning. For me, every loss teaches me something. When I've learnt enough, forex is so predictable and easy to make money in. If you look at charts for years, it's nothing but direction and timing. When you can answer "How did it went up or down?", you'll know forex is in your hand, you'll know what to do, what to look for, etc.
Last edited by scorpion : 10-03-2006 at 02:20 PM.
|
| The following users have thanked scorpion for useful post above: | ||
|
10-04-2006, 10:27 AM
|
|||
|
|||
|
How right you are I have similar experiences wherein the more I try to break even, the greater my losses become. Fortunately, my friend referred me to a firm located in the British Virgin Islands that was able to help me recover a portion of the losses I incurred with currency trading. Even though the firm was not able to help me recover all and break even, I’m still
thankful nevertheless.
|
|
10-04-2006, 03:16 PM
|
||||
|
||||
|
You trade to win, not to break even, not to recover losses. Never put your mind in trading because you want to recover any loss. What if you lose again? you'll continue losing more and more.
What you need to do is stick to your system. If you don't have one, make one. Trading system is your action plan to trading. In case you don't know any, there're plenty at Trading System forum. Last edited by scorpion : 10-04-2006 at 03:18 PM.
|
|
10-04-2006, 04:13 PM
|
||||
|
||||
|
Accepting losses is very important in the forex world. Don't look at your initial deposit either., base you profits off whatever you have. For example make $200 with $1,000 proves you can make 20% not that you recovered $200 of the $4000 you lost for example
__________________
____________________________\¦/ ___________________________(ò ó) ______________________o0o___(_)___o0o__ ___¦_____¦_____¦_____¦_____¦_____¦_____¦ ¦_____¦_____¦_____¦_____¦_____¦_____¦__ ___¦_____¦_____¦_____¦_____¦_____¦_____¦ ¦_____¦_____¦_____¦_____¦_____¦_____¦__
|
|
12-01-2007, 02:12 PM
|
|||
|
|||
|
Quote:
|
|
«
Previous Thread
|
Next Thread
»
| Thread Tools | |
| Display Modes | |
Linear Mode
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Newbie testing DLMv1[1].3 | alpin | Trading Systems | 3 | 09-29-2006 05:53 AM |
| Newbie looking for ea | romper | Trading Systems | 3 | 09-05-2006 08:46 PM |
| Forecasts ? Is it good or bad for newbie trader ? | Tom Trader | General Trading Talk | 2 | 01-10-2006 12:33 AM |
| Summary questions from a newbie | Cocodude | MetaTrader and ZeroCode | 3 | 01-09-2006 05:45 AM |
All times are GMT. The time now is 03:06 AM.
Powered by vBulletin Version 3.6.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0
Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now
Main Menu
Economic Forecast
