Thread: If you havent made it yet, what makes you think you will?

Originally Posted by ;

quote In my opinion to make it, you have to 1. Possessing a large account to trade with two. Trade a don't care size. And let these tiny transactions accumulate. 3. By trimming losers on an as needed basis rather than technical stops Use ceases to keep your drawdown. These will get hit. 4. Simply take every sign you can take during the day and together with the trend that is on your chart.

All great things, and the last one especially as it is so difficult to achieve this and stay unfazed by losses, it took me ages to find the confidence to do it, but of course the assurance itself also took a very long time to acquire as this could only come with enhancing outcomes. It's a slow old learning curve, and people that fully understand and enjoy this will make it.

Originally Posted by ;

quote All fantastic points, and also the last one especially as it's really difficult to do so and stay unfazed by losses, it took me ages to find the confidence to do it, but of course the confidence itself took a long time to acquire as this can only arrive with improving outcomes. Simply speaking, it's a learning curve that is slow old, and only those that enjoy and fully understand this will ever make it.

I fought this too before I got my position sizing down small enough to where the trades didn't matter. I discovered that when you trade little, it removes all the conspiracy stuff with brokers running all of that other stuff and stops.

A fine example of this is that I discovered myself Fat Tailed by that NFP spike. A number of my positions are more than 200 pips beneath water. But because of the size of them relative to my account, I have not a worry. I'll get them unwound in time, and I have an awful lot of wriggle room to keep on building places. Not only that, very compact position sizes permit for the running of multiple egies on precisely the currency.

As far as the ones who haven't made it, neither have I. I still get the job done. I don't worry about bills but there will be times where I will not earn any money since I will have to cancel some losers. I am lucky enough to be able to operate and trade often because I have access to my phone and my entries do not require indiors. If you can find a setup where it is possible to trade every hour or two around the clock, then you can build a large position and harness the energy of the daily, weekly, monthly and yearly ranges.

Alas, the majority of people atnigeriaforextradingwon't ever make it. They'll blow account after account, attempt system. Some are just compulsive gamblers - they trade forex because it's so accessible, and thus satisfies their gaming addiction. Some are naive, not realizing that fx is your rigged market on earth - less than 10 banks control approximately 77% of the market and retail traders have zero access to some order flow information. Those traders may do better with futures compared to fx, but they lose.

I came to understand that I'll never make it - that I was just fooling myself believing I had some prospect of accepting money from Citi or Deutsche , or Goldman. That's the reason I still post here - to tell people they're wasting their time with forex.

So, to anyone reading this - forex is destroying your life - you're pursuing a dream. For the sake of your bank account, your loved ones, your marriage, yourself - PLEASE stop trading forex. It's ruining you. I can't make it any plainer than that.

I guess for the exact same reason people play video games. . .to win and like the challenge. Forex is comparable to battling against gaming players, just the winner gets paid. It is with.

Originally Posted by ;

You need it badly, much over the air that you breathe that is how I will describe it, sheer doggedness driven by angry obsession. It is not about what's already known about the unknown, uncharted, unthinkable, impossible stuff that keeps the drudgery worthwhile. Most do it. Few take action to be the first person on the opposite side of the knowledge mountain. The money is the by-product.

Why is this company so hard to be successful ?

This company is akin to the toughest intellectual activity anybody has ever undertaken. If you are around it and also you receive the kicks to outthink, outdo, outwit the audience to solve this 'backgammon' puzzle, then this game is for you. (4.23 - 4.51)

It requires intense hard labour, takes it to whole new mad level. (1.31 - 1.40, 1.56 - 2.06)

It demands wisdom where you compete against the very best, the other guys always have plans to derail your plans. (3.54 - 4.04, 5.43 - 6.13)

It demands innovative egy. (6.24 - 6.53, 1.08 - 1.18)

If you find any 'guru' puke something online and you discover that good, it defines you.
Use that to measure against what this company has in store for you, that is the answer right there why it's so difficult for most of us and lots of naturally never do. Get the point ?

Do yourself a favor, watch this movie, gives you a peek at what someone who is at the frontline did it successfully how he thinks about this company and how he goes about doing it. Spend some time considering it, it'll help reshape your perspective. The first thing you gotta do would be to stop fooling yourself. And let no 1 fool you.

* Be updated to the 21st century.

Originally Posted by ;

Regrettably, the great majority of individuals atnigeriaforextradingwill never make it. They will dismiss account after account, attempt system. Some are just compulsive gamblers - they trade forex because it's so accessible, and satisfies their gambling addiction. Some are simply naive, perhaps not realizing that fx is the rigged market on earth - less than 10 banks control about 77 percent of their market and little retail traders have zero access to some order flow data. Those traders may do with futures compared to fx, but they'll likely lose. I arrived...

Gravitist is proper. Most here won't make it. They will dismiss account after account since they did not understand price action and they do some insane thing like putting all their leverage on one trade. Or having a five pip stop. Or trading the MXNUSD. Or trading 28 pairs around the M5 charts. Or trading 28 pairs at all. Or going brief USDCHF in the same time and EURUSD. Or....well you get the point. They will try system using stops, only because they take losses. Many are compulsive gamblers and take trades for no reason.

Order flow data is fancy way of stating whether or not the bulls or bears are in control. This plays out on the price chart. Most FX players are in FX only because they do not have the capital to open a futures account.

I think the huge banks play the game the identical way retailers do, but they have deeper pockets and they've all manner of producing several types of order constructions. There'll be no newspapers on order structure since there's absolutely no reason to tell. Just run your company as you see fit, and live your life.

What gravitist got wrong is the curious extrapolation that since he neglected, others should fail too. I have got to hand it to him!

Not investing and working as a special eduion teacher in school any more. Just trading. Honolulu is not possible maintain a job and to trade from. It makes no sense esp and to brag. Explorer account. People will understand they are cut out to remain with something like trading when they do not give up.

Since if Niall can do it, anyone can do it

http://www.learntotradethemarket.com...ng-competition

Originally Posted by ;

quote I did my SWOT when I decided to switch to Forex in 2007, and I update it as needed. After viewing your movie, I understood 4 major things. 1. It reminded me why I despise the stock market. It is too fundamental pushed. 2. It isn't 1987 anymore. Now, I have a pc capable of instantaneously updating mathematical equations. 3. I am not investing other people's cash, so my income is based on performance rather than a portion of my customer's account. This makes me an actual trader, not a salesman pretending to be a trader....

As always, we recognise a math/physics guy from afar.

Yup, this really is the 21st century, that's 16years ago y2k and most people are still stuck in the 20th century and earlier. Ain't that great ?

Originally Posted by ;

quote As always, we recognise a math/physics man from afar. Paradoxically, this really is the 21st century and most folks are still stuck in the 20th century and earlier. Ain't that good ?

It is actually only a measure of commnt to your craft. You can hit balls at a batting range, but that doesn't make you a baseball player. You either do it, or you don't. nigeriaforextradinghas a excellent many investors, but traders. I know why someone needs some knowledge of how to spend, since it is money on the line, and most need it. The problem is traders maynot have serious discussions with spectators, and spectators have. Vicious circle.