Top Three Best Forex Traders EVER - Trade Forex, CFDs ...
Top Three Best Forex Traders EVER - Trade Forex, CFDs ...
3 Phases to Fortune: A Day Traders Success Story - My ...
9 Things You Didn’t Know About Successful Forex Traders in ...
Forex Trader Success Stories
Forex Success Stories: 10 of The Most Successful Forex Traders
Forex Trading Success Stories: The Use of the Stop Loss ...
5 Forex traders who got to the top - FBS
No more losses in your #forextrading! Minimizing the number of losses and maximizing the winning trades is the key to success! Get help from the excellent, #norepainttechnica indicator -#Pipbreaker, and make your forex trading a success story. https://wetalktrade.com/best-indicator-for-mt4/
Question for those with “average” success stories trading forex
Those who are consistently making decent profit ($200 to $500 or so return a month). 1. How much money did you initially start off with? 2. How did you learn to be profitable? 3. Best course, book YouTube videos or anything to learn how to be profitable with forex?
Let's hear about your success stories--has anyone been able to trade forex full time? Retire?
I love hearing from you guys when you do well--it's hugely inspiring. How many here trade full time? Or what stories have you heard/read about that inspire you to keep going?
I'm trading for 11 months with pretty good success. I never traded metals and forex before, just stocks. Today when gold started to consolidate at the last hour, I decided to scalp short it with a large amount, so I opened 100 lots. I haven't realised, in forex 100 (lots) doesn't mean "100 pcs", because I used to stocks and I went full retard without knowledge. Seconds later, I realised it means 10 million dollars (1 lot = 100.000, and I had 500x leverage). It moved up a bit and immediately I was down £4000. I scared as fuck and rather than closing the position quickly I hoped maybe I could close break even. The market closed, and I waited for the Asian session. The gold popped like never before, and I lost all my life savings (£55000) in less than two hours. (including the 1-hour break between sessions). If I count that I lost all my earnings as well, I lost around £85000. Here is the margin call https://imgur.com/a/XY5m4ZA https://imgur.com/a/VSgmCSs https://imgur.com/pRWl5g9 IC Markets closed my position partially in every 1-2 minutes until I shut it myself at £35. You know the rest of the story. I'm depressed, crying and shouting with myself. Yes, I know I was stupid, thanks. I just wanted to share this with you. Edit: WOW THANK YOU, GUYS! I haven't expected this, but you help me. Many of you asked the same questions, I answer it here: - I live in Europe, and we usually trade CFD's, not futures. - Currency in GBP. - As you can see, this account made on IC Markets. They not just allowing you a 500x leverage, it's the default. - You can ask me why I went against the market. Because gold is way oversold? Because I expected institutions would sell their shares before gold is hitting £2000, leaving retails hanging there. Also, as I said, I wanted to scalp, not riding the gold all the way down. If I had a loss of £100, I would close the position immediately. But when I saw the £4000, my heart is stopped, and my brain just freezes. - I went for a revenge trade with my last £2k, and I don't have to say what happened. I uninstalled the app, and I give up trading for a while. - Again, in the past months, I was cautious, I lost a significant sum in March, but I managed to recover. Made consistent gains, always with SL. This is just an example of how easy is to fuck up everything you did. - I didn't come here for some shiny digital medals. I can't tell about my losses to anyone who I know in real life. I would make a fool of myself. - Anyone who attacking me that it is a scam. Well, think what you want. I feel terrible and the last thing is to answer all the messages saying "You fucking karma whore". I don't give a shit about karma.
Long story short, I've been learning forex for the past 6 years on and off, searching for the holy grail of indicator combinations and only just realised they don't work. Mostly because of a youtube video I stumbled on by accident. So is this a method of trading with higher probability of success? Only focusing on 2 pairs I like for now.... I go to the D1 charts and plot lines around areas where price has reversed in the long run repeatedly back in time. Then I draw some boxes around these lines as areas of interest. Then as price reaches those boxes I scan down the timeframes to the H1 charts to see if price is slowing in momentum. If it is, I'll check a M15 chart to see if price is about to reverse or continue using candle stick patterns and wait for a retest of the area before taking a trade accordingly with a 1:3 RR minimum, trailing SL behind swings high or low. Here's an example of my D1 chart - https://www.tradingview.com/x/Ei8jT88G Would anyone be willing to be a mentor to me? I'm determined to get this right this time.
As PTI comes onto two years, I felt like making this post on account of seeing multiple people supporting PML-N for having an allegedly better economy for Pakistan, particularly with allegations present that PTI has done nothing for the economy. So here's a short list of some major achievements done by PTI in contrast to PML-N.
Stopping Pakistan from defaulting: The move to devalue the rupee was one done despite knowing the backlash that would be faced. Under Nawaz Sharif the rupee was artificially overvalued through loans and forex reserves, this meant Pakistan had no sustainable way for repaying those massive loans. Imran Khan on the other hand had to approach the IMF due to these overlaying maturing debts, lack of growth in exports under PMLN, decline in Foreign Direct Investment and an ever higher import bill. This was done at the cost of letting the rupee massively devalue against the dollar, however paved the path for economic stability as noted by the IMF.
Renewed focus on taxation: Easily the most controversial facet of the economic policy by PTI, but one that has shown merit and results. Overall, there has been a 40% increase in returns filers and a 17% revenue increase. This coupled with a massive austerity scheme, meant that the government has started an incline towards increasing it's revenues. While this hasn't been met with open arms, it presents a solution to the everpresent crisis that the Pakistan government has faced, in it's inability to increase it's revenues. Not only that, but the general taxation system was streamlined, making it easier for individuals to file taxes. Introductions of new apps and consolidating activities for the FBR were among the efforts as well. Moreover, businesses that were entitled to tax refunds are finally being granted them, under PMLN they were held onto so as to inflate collection numbers, however under PTI that has changed and it's not inflated. It is worth noting, that because of the covid-19 pandemic, the effect of the austerity schemes and feasibility have seriously dampened, and it's created a bigger problem for increasing revenue collection.
The account deficit: Arguably one of the biggest examples of progress has been in the reduction of the account deficit. Under PML-N the account deficit had carried forward, and increased to nearly $5 billion, but shrunk massively once PTI came into power. A total decrease of nearly 78% from the previous fiscal year. The lowest recorded from the previous 5 years. Even when looked at from the perspective of the account deficit in percentage of GDP; the general trend has been improving under PTI. Under PMLN the total account deficit as a % of GDP had grown to -5.4%, however under PTI it has shrunk to -1.1% of GDP in FY2020 and was -3.4% in 2019.
It is worth noting, that some may criticise the overall decrease in the account deficit to be a result of the decrease in imports, and the increase in worker remittances, however this was indeed a result of the overall economic impact from the covid-19 pandemic. And that general trends support the notion of exports increasing and the account deficit decreasing in the second quarter of 2019.
Tourism: The reforms and measures taken to facilitate tourism in Pakistan were evidently among the most successful — Pakistan went from being sidelined to being amongst the worlds top destinations to visit. There were multiple reasons for this, the removal of the mandatory NOC, the initiative for online visas for upto 175 countries alongside visa-on-arrival for 50 countries were among the facilitating measures taken for tourism.
Foreign Direct Investment: What can be appreciated is the general reception of Pakistan's economic outlook, where FDI climbed by upto 137% within this fiscal year, gathering upto nearly $2.1 billion. Yet, once again — the pandemic will undoubtedly cause most countries to rethink their economic policies for now, and the overall FDI might see a downward trend with regards to global decrease in FDI. Despite, the increases in FDI are welcomed, especially considering total foreign investment rose 380 percent to $2.375 billion in July-March FY2020. Yet the sustainability of this remains to be seen.
Dealing with covid: Despite all odds, Pakistan has somehow managed to deal well with the pandemic. Coming out relatively alright, in perspective of countries such as India, Mexico, Italy, Brazil etc. The factor that plays out, is that despite being incredibly vulnerable, the country managed to pull through and has markedly reduced the impact of the virus. With regards to the economy, taking a bold risk of abating a complete lockdown, whilst met with criticism was once again a factor that showed competency. Keeping in mind that 51 million Pakistanis lived below the poverty line, and the adverse effect it would have on the economy. Pakistan managed to come through the economic contraction with only a -0.38% growth. Although the full effects are still not abated or understood, what's commendable is the fact that Pakistan under PTI has kept itself from an even worse situation. Whilst managing to keep covid under relative control. Especially given increases in exports despite the pandemic in countries such as Qatar, Saudi Arabia, and Italy.
This is by no means a highly comprehensive list, just my opinion on some of the bigger achievements; saving the economy from defaulting, adopting tax reforms, tourism reforms, export reforms among them whilst managing covid and economic stability with relative success. There are of course a multitude of other factors, successfully avoiding a blacklist from the FATF, macroeconomic reforms, attempts to strengthen the working class; ehsaas programs, Naya Pakistan housing schemes alongside other relief efforts. These are measures in accordance with curtailing the effect of increasing taxation and attempts to abate the economic slowdown that came as a result of forcing an increase in government revenue. Alongside the focus on multiple new hydroelectric dams, industrial cities, reduction of the PM office staff from 552 to 298, 10 billion tree project and an overall renewed interest in renewable energy and green Pakistan. The list is comprehensive. Pakistan remains on a rocky path, it is not out of the woods yet. Covid-19 has seriously hampered the overall projections, and caused a worldwide economic contraction. Not only that, but there are criticisms that can be attributed to the government as well, as they are not without fault. However, the overall achievements of the government with regards to the economy do present hope for the long-term fiscal policy and development of Pakistan.
Instagram forex traders will not make you successful.
I feel like I need to have a rant. I have been trading for just over a year now and I have just started to become profitable. What made me profitable? Blocking out all of the rubbish that comes from forex Instagram. I didn’t find a fancy new strategy. I’m using the strategy that I formed in the first 3 months of me trading. So why only now am I starting to become profitable when I knew about the strategy almost a year ago? Because i chose to digest information coming from instagram forex traders. I’m not talking about the obvious scammers you see on your Instagram feed such as IML, broker commission marketers, or any of the likes. I’m talking about the select few that portray themselves as trading veterans and are popular in the trading community. They are constantly posting on their stories/profile 24/7. At least once a day they will post something like ‘only 2 slots left In my mentorship’ or ‘come join my free telegram channel’. Warning: if a trader you follow is trying to promote something, even if it’s just for Instagram followers, unfollow them. They will not help you become successful. So I had my strategy by month 3 of trading. I backtested it and it worked. But I started taking advice from these traders, I got my hands on a few of their courses and my trading began to fail. Every single course was pathetic. Never showed any live trading. No proof of anything. Always making excuses of why they can’t tag their MyFxBook. I unfollowed all these ‘traders’ and now I am profitable. Rant over.
The Last Time I Write Another One of These Cringey Things (I hope...): Part 2892, The Worst Sequel and Wall of Text, ever
Hiya, folks...! It's another wall of text from some random person who could be doing just about anything else except for this... Who's ready for some paragraphs from some stranger? I know you'd rather be doing anything else, or maybe not haha.. But it does mean a lot if you do take the time to try to attempt to accurately type me... I will DEFINITELY NOT overthink it this time, and take your consideration FULLY to heart, and stop overthinking my MBTI type and live happily ever after! (Hahahahhaha...! ... ...) ... Ok, let's begin!
How old are you? What's your gender? Give us a general description of yourself.
I am a freshly 23 year old male that likes to do average Redditor bullcrap. Video games, memes, music, making my finger go up and down endlessly while staring at a glass LED screen with pixels on it while feeling like I've accomplished nothing. Just average stuff, I suppose. I'm not really that interesting tbh... I work at home and I am just "vibing", as the kids say. I have some long term projects planned, but I'm at least trying to rest up from a really shitty 7 years that I've had back to back to back so... Nothing really insightful to write here haha..
Is there a medical diagnosis that impact your mental/comportamental stability somehow?
Likely several... I had a very traumatic childhood that I constantly gaslight myself about like saying things like "it wasn't that bad, people have it worse" and much worse.. I disassociate from reality every 2.5 seconds, can't focus, have terrible insomnia, EXTREMELY low energy, mood swings, brain fog, random body pains 24/7, seventeen billion repressed emotions which don't help out anything else that I'm dealing with, memory problems, and I need caffeine to do the bare minimum of just about anything on most days, but some of that could be average American problems. I've suspected I have some form as Aspergers, and probably A TON of mental illnesses, such as OCD, anxiety, depression, and maybe a personality disorder.
Describe your upbringing. Did it have any kind of religious or structured influence? How did you respond to it?
My upbringing is a very mixed bag overall. I would not say I had a typically "tragic" childhood (there goes me gaslighting myself LOL) because people have DEFINITELY had it worse than me. But I can't sit here and pretend everything I went through was "normal". To attempt to sum it up, I basically was a "gifted" kid who got good grades throughout school and maintained my image of being this perfect kid, but meanwhile in the shadows, I was just slowly dying inside and suffering from a lot of imposter syndrome (amongst other things), which I'd definitely would say is warranted because I was NOT cut out for anything in school and it showed. I basically faked my way through school, got burnt out EARLY but got mega burnt out by senior year, and basically started college with no plan but somehow still managed to graduate (barely) and just kinda end up where I am now. As far as a religious upbringing is concerned, I definitely was heavily influenced by religion, in kind of a negative way (?) Religion and I have a VERY weird relationship. On the one hand, I guess I love my religious friends, the lessons I learned from it, and a lot of what it says, but on the other hand I can not ever be a part of one mostly because of some of the dogmatic thinking and extremely toxic aspects to it that people use to justify hate and violence, and that's not really my type of thing. Also, I used to be really kinda "uppity" or arrogant about my religion, and now I DESPISE seeing the same type of "holier than thou" attitude projected. It kinda irks me on the inside. Looking back, my response to it all was a major polarity shift from one extreme, to the other, and now where I'm at, I can look back at both sides and take the good from both. What do I mean by that? Welllllll... I mentioned earlier how I can't stand the "holier than thou" type, and for a while, that was DEFINITELY me. I was REALLY into it and took it extremely serious. I wouldn't mind being called "lame" or "whack" for having my faith, but looking back, it really made my quality of life kinda worse because I did have those strong beliefs and those off-putting characteristics that ostracized me from my peers and some potentially great experiences. I grew out of this and then became an EXTREME atheist, and for a while, it felt freeing. I felt better, smarter, edgier, and just superior, but looking back, I was just cynical and a total asshole, and arguably worse than the "holier than thou douche persona" that I had growing up. Luckily, my extreme atheism phase kinda fizzled out after some other trauma that happened around the time I became an atheist, and now, I can respect religion and be open to it, the ideas, and the amazing things that come from it while also maintaining my independent thinking but not to the point of being "hur dur be skeptical and point out everything wrong with religion all the time and be an asshole for no reason to religious people", if that makes any sense. As far as my relationship to the structure in my life.. It's kind of a mixed bag. I had a pretty suffocated childhood, and I wasn't allowed certain things, but I guess it wasn't really all that bad in the end, or at least as it could've been. Most of this was just protection from a single parent who just didn't want anything to me and wanted me to be the best I could be in life, and I can respect this and look back on some parts of my structured childhood with fondness. But I most certainly got sick of it all by the time I was almost finished with highschool and in a lot of my college career. I basically used to be Mr. Structured. I had everything organized, I was neat, clean, got everything done at the right time, all the good stuff. But my brain just got tired of maintaining that forever, because I was already pretty much bad at life, but I was forced to just continue faking everything until something happened. So, by the end of high school, I lost all of those characteristics and became extremely sloppy. But I really do blame that on being physically tired. Being as organized as I was was TAXING because of how I overdid it. And now, thinking back, a lot of my structuredness was just on the surface level, and it was me trying to live up to everyone's standards and be just on top of everything, all the time, at a VERY unhealthy level, and that's probably what burnt me out too. I was addicted to the image of being this extremely put together person who has their shit together, while not having absolutely any shit to get together because I was withering away inside faster than fresh cotton candy from the fair melts in your mouth when your mouth is dry. So, basically to sum it all up, I was a really clean cut religious smart "gifted" kid who wasn't really that, at all (AND I still don't know who I am now tbh haha) and I got tired of putting on that image all the time and turned to a dirty neckbeard atheist cynic for a short time, and then balanced out to whatever the fuck I am now because I wear 238234 different masks for each and every occasion, but THAT'S a different story haha.. I look back at both equally cringey and horrible chapters of my life with some scorn for myself and the times, but overall a much more understand a balanced perspective, because I had to go through it all to be me, and I'm just glad I can be here now. I'd say I definitely liked moments from those chapters, but overall, I'm much happier where I'm at now, which is not nearly as anally obsessive at the concept of being structured and not nearly as hyper-faithful to my religion or just a total asshole piece of shit atheist.
What do you do as a job or as a career (if you have one)? Do you like it? Why or why not?
Right now, I'm sorta half employed. I do trade a bit on the Forex markets from signals groups and make enough to help out my family, and buy myself things here and there. I'm only really doing this because I went through a really shitty 7 years and I just need time to myself to kind of figure out, A LOT (clearly, as you can see by reading this HORRIBLE reddit post LOL) and rest. I just like the amount of freedom I have, and the money. I really like the idea of me having money saved and ready for any emergency, or family member or friend. I just need money to help out, stay safe, and to have time for myself to rest and take care of my health, or just pursue all the hobbies I missed out on, and I'm totally fine doing this the rest of my life. I don't really need or want that much in life, and I've always kind of been like this. I just want things to be peaceful and simple, so that my mind can be at ease and to just have free time for myself and a solution for any random chaotic emergency that happens because my mind always thinks of the worst that can happen by catastrophizing literally everything ever in the world. So my "career" is just a means to an end, like I'm sure a lot of people's careers are, unless you happen to have a passion or something, which is also amazing. I do like writing, and I do wanna finish my book. I daydream a lot about it, and sometimes that's much more fun than actually writing it, but I do wanna finish it, but I also want it to be absolutely perfect and plothole free, and much more. I also wanna do YouTube and Twitch, but I feel like I have a lot to do as a person before I can freely be on those sites as a full person/"influencer" (I have so many mixed feelings about having a full time career as an influencer and having my life under that much pressure and scrutiny, BUTTTTT that's a different discussion...), so I might pursue those slowly or just freestyle it for fun. Those were my big dreams as a kid, but growing up, I see that writing a good book is damned hard (worth it, but hard) and being a Youtubesocial media star is a different world entirely, and I don't know how I feel about it. Like, I know I'd never be a Shane Dawson (YIKES) or Cryaotic (EWWWWW) but to even just disappoint one person, or have any sort of fuckup, or.. I don't know where I'm going with this... Basically, everything I suffer from now would only be amplified by having a YouTube career, my people pleasing tendencies, my over obsession with being perfect for others/myself, my workaholic tendencies, my being hard on myself, my fear of fucking anything up, and my imposter syndrome, those would all go BRRRRRR if I got any decent success on YouTube, so... *Phew* That's my weird relationship with my life, and where I wanna go with it. To be honest, I'd be happy where I'm at right now, because at the end of the day, as long as I'm healthy and my family is happy, I'm ok, but a part of me also wants to live out those big dreams like having my book be a thing and animated, and being a good YouTuber, meme maker, Twitch streamer, all the above at the same time but my insecurities are like "BWAHAHAHAHA", so I'm just like: -_- But I'll figure it out! Hopefully..
If you had to spend an entire weekend by yourself, how would you feel? Would you feel lonely or refreshed?
Hm... Interesting question. Honestly, I'd never feel lonely on weekends by myself. Even when my friends are doing better things or aren't around, I don't really feel lonely I guess. Most of the time I have weekends alone, I feel pretty refreshed I suppose. It's kinda hard to tell haha.. This feels more like a circumstantial question where a myriad of things that are going on during the hypothetical week or just in my life/mind would determine this answer. Sometimes I just need that weekend to recharge and be alone and in my thoughts, or watching Netflix or being an absolute video game degenerate while dancing alone in my room and eating junk food. And sometimes, I like to be out and about with my friends, or just doing stuff. I probably lean more towards refreshed though, overall in a general sense.
What is your relation with movement and your surroundings? For instance do you prefer a sport or outdoors event? If an outdoors event what is it? And why? If not what type of activities do you tend to engage in?
BIG YIKES. I feel like a non human that doesn't belong on this planet or universe 99% of the time. I'm VERY slow, awkward movements, jittery, sometimes it looks like I was born yesterday with my grasp on physical reality, but yet, I do interestingly enough find myself loving to sweat and workout. I don't really have the coordination for any type of real sport, but I do like walks and I would run if I lived in an area where I could have a private or peaceful run where I would not be interrupted or seen by anyone because I look HIDEOUS running. I won't say I could never get into running at a professional or serious level, like with a group, but I'd just say it's more unlikely, for now. It sounds really exciting and interesting to be good at something physical, and I have always admired people who could do really sick stuff in sports, and I've always wanted to do it. But, right now, my uncoordinated ass will stick to just riding my exercise bike occasionally to burn off some restlessness and help me sleep betteperform better because working out makes my brain feel oddly stable lol. (I guess that's why I have such a fascination with physical stuff even though I am absolutely hopeless in most of it in the grand scheme of things)
How curious are you? Do you have more ideas then you can execute? What are your curiosities about? What are your ideas about - is it environmental or conceptual, and can you please elaborate?
I don't know if I'd say I'm curious, I guess I just think a lot. Like, I'll see something or watch something and daydream about it all the time, making new ideas out of it in my head or creating something new with it, trying to take it a new level or understand it at a different level, if that makes sense. Like, I'll sort of mentally digest something and that's what gives me inspiration, or ideas. I take in everything as I go and make up new shit with it later on (LOL this sounds like regular human being talk, because everyone does this). I would say I have a lot of ideas on everything. I daydream about random chapters in my book a lot, like full on scenes. I'll daydream about a new melody for a song I've never heard with lyrics, and I'll try to make lyrics in my head and extend the melody. I'll daydream about my interactions in life, and just how I could have responded differently, or maybe what the other person is thinking, or feeling, or stuff like I wonder if they're okay. I'll daydream about new memes I can make, or me in an interview (OMG MEGA CRINGE ROFL). I pretty much daydream about... Everything. And then I'll daydream about what I'm daydreaming about, and why I'm doing it, and it gets too meta at that point. (this could very well just be maladaptive daydreaming and NOT indicative of any cognitive function ROFL)
Would you enjoy taking on a leadership position? Do you think you would be good at it? What would your leadership style be?
Nope, nuh uh. I am too much of a people pleaser and pushover. I'd be dead or betrayed before my first week is over. The thing about me is that generally, I feel like I'd be a terrible leader because I can overthink a lot, all the time, and I'd be slow to action and prone to analysis paralysis and extreme people pleasing tendencies. I can also be conflict avoidant, and just want people to be happy, so I'd let a lot of stuff slide that I maybe should not. Now, don't get me wrong, I can be firm and tough when needed, but eventually that'd be too much for me to bear, and I couldn't be in a position like that for long. I genuinely hope I never become a leader, because even when I'm looking back to five minutes ago, I can say that "ew, that's cringe bro", so I clearly have a lot of work to do before I have something that serious on my plate.
Are you coordinated? Why do you feel as if you are or are not? Do you enjoy working with your hands in some form? Describe your activity?
HAHAHHAHAHHAHAHAHA. Funny question. But.. Yeahhhhhhh... No. I am NOT coordinated. I can barely walk in my kitchen without the fear of me accidentally turning wrong or moving incorrectly and just breaking something or knocking over everything in the kitchen. SOMETIMES I'm in James Bond mode, and it feels like I can do anything physical, and I feel aware of everything, my body, my surroundings, and I can actually move like a human being, but that usually doesn't last long. I can do just the bare minimum that an average human can do, but MUCH MUCH worse and at a greater cost of my energy, and my mental energy trying not to fuck anything up because I have literally just been sitting at times and barely move and knock over EVERYTHING somehow, because that's just how much my body was not meant to be on planet earth and I maybe should have been incarnated as a slug, idk.
Are you artistic? If yes, describe your art? If you are not particular artistic but can appreciate art please likewise describe what forums of art you enjoy. Please explain your answer.
I'd describe myself as artistic, even if I haven't drawn in years LOL. But let me explain... I do still have a love for it, I just haven't really been able to practice. In general, my art is just aiming for whatever is in my brain, and I don't have a solid style. I'm just going for whatever I'm going for in the moment. I prefer a mix of realism with some "quirks", if that makes sense. While I haven't drawn in a while, this is how I'd imagine I'd want my art to look nowadays. Pretty realistic with perfect everything, perfect features, perfect environment or whatever I'm illustrating or going for (perfect features on a person, all the hair strands drawn individually, etc), with a mix of my own little "spice", if that makes sense. Back in the day, my art was just trying to copy classic anime, and while I have no problem with that style, I just wanna kinda make my own style, even if that is hard to verbalize lmao. Alright guys.. I would write more, but I'm sleepy and some of this is getting dumb/boring (as if it wasn't already LOL). I'm glad you made it this far, and thank you for reading and putting up with this actual garbage fire of a post. Please take care of yourselves during these crazy weird times, and I hope you are doing well. I look forward to reading you guys responses (if I get any LOL). Stay amazing, and stay healthy :3
10 Secrets The Trading Industry Doesn’t Want You To Know About
Today’s lesson goes to be somewhat controversial and should ruffle some feathers. I shall blow wide open and debunk tons of the knowledge you've got presumably been exposed to the present far in your trading journey. The average trader is out there walking through a confusing and conflicting maze of data from a spread of sources including; blogs, forums, broker websites, books, e-books, courses and YouTube videos. With of these learning resources available there's naturally getting to be some excellent and a few very bad information, but actually , there just isn’t how for many aspiring traders to understand what to concentrate to, who to concentrate to, or what information is useful and what information is non-beneficial. I’m not getting to pretend that there's how for an aspiring trader to filter this giant sea of data composed by of these resources and mentors out there, because there simply isn’t. knowledgeable trader with 10,000 hours of experience might stand an opportunity of deciding the great from the bad and therefore the valid from the invalid. However, you, the beginner or intermediate trader simply won’t possess that filtering ability yet. Becoming ‘Non-Average’ As traders, we concede to our instinctive feelings of social trustworthiness supported what we see and listen to , often to our extreme detriment. we frequently tend to require a leap of religion with our mentors and have a habit of taking things said to us at face value. we would like to hold close information that resonates with us and is sensible to us, especially if it’s delivered by a well-known source that we've come to understand and trust. The ‘average trader’s brain’ is usually trying to find a shortcut due to the overwhelming desire to form money and be free. The brain wants to urge a winning result immediately with the smallest amount amount of effort possible. If you would like to ever make it as a professional trader or investor, I suggest you are doing everything you'll to avoid thinking with the ‘average trader’s brain‘ and begin being ‘non-average’. meaning becoming far more aware, thinking outside the box more and questioning and filtering the knowledge you read and watch. most significantly , slowing everything all down! This now begs the apparent question…how does one even know what I’m close to write during this lesson is actually valid and factual? How are you able to really be sure? the reality is unless you've got followed me and my posts on this blog for an extended time and know me and know my work, then you can’t really make certain , and that i don’t expect you to easily believe it at face value. If you would like to return back and re-read this lesson during a few weeks, or a couple of months, or a couple of years, after you work out that i'm somebody worth taking note of about trading OR that i'm somebody not worth taking note of about trading, then so be it. So with a degree of healthy skepticism, I ask you to think about the below list of eye-opening secrets that professional traders and therefore the trading industry, don’t want you to understand about or understand. I hope it helps… Visit : توصيات الذهب اليوم FOREX isn’t the sole market the Professionals trade The FX market is large , with billions of dollars per day changing hands. It can cause you to great money if you recognize what you’re doing OR it can send you broke if you don’t. It’s a really popular market to trade globally, BUT it’s not the sole market the professional’s trade and it’s not always the simplest market to trade either. A note on leverage: The brokers and platform providers want you to trade FX on high leverage because the profit margins are very high for them. However, if you trade FX on lower leverage, the profit margins shrink dramatically for them. once you trade FX, start brooding about what can fail rather than just brooding about what can go right. I suggest avoiding stupidly high leverage like 400 to 1, as this will be very dangerous for you if the market moves quickly or experiences a price gap and your stop-loss orders aren’t executed at the worth you set. A more sensible leverage level would be 100 to 1 or 200 to 1, but any higher seems crazy. (Using an excessive amount of leverage is what wiped tons of traders out during Swiss Bank Crisis in 2015, The Brexit choose 2016 and therefore the Currency flash crash in early 2019). Broaden your view: Going forward, it'll serve you well in your trading career to start out watching a spread of worldwide markets including FX, Stock Indicies and Commodities. additionally to FX, I personally trade GOLD (XAUUSD), S&P500 Index USA, the SPI200 Index Australia, and therefore the Hang Seng Index Hong Kong , and sometimes individual stocks on various global exchanges. In short, there's more to the trading world than simply FX. I discuss the foremost popular markets I trade this lesson here. Day trading isn’t what Pro trading really is The internet is crammed with marketing trying to convince folks that the definition of a trader may be a one that spends all day actively trading in and out of the market on a brief term basis, all whilst living the life-style of a Wall St millionaire. there's a significant agenda within the industry to push this story to the masses, it's been relentless for many years . I am yet to satisfy one successful day trader who is consistent over the future and that i have almost 25,000 students and 250,000 readers on this blog. i'm not saying there isn’t a couple of out there, but 99.9% of the people that do this sort of trading or attempt to live up to the standard day trader stereotype are getting to fail and perhaps even harm themselves financially or mentally. Watching a screen all day and searching for trades constantly is that the like a compulsive gambler playing roulette during a casino. The successful traders i do know of (myself included) are watching higher time frames and longer time horizons (minimum 4-hour chart timeframes and predominantly daily chart time frames). they need no restriction on how long they're looking to carry a trade for and that they tend to let the trades find them. The professionals i do know , don't day trade, they are doing not watch screens all day, they are doing not search for trades constantly. they're going to typically fall under the category of a swing trader, trend trader or position trader. The obvious paradox and conflicting reality within the ‘day trader story’ is blatantly obvious. How does a trader who is consistently watching a screen and constantly trading have time to enjoy his life and live the lifestyle? They chose to trade as a profession to possess a life, they didn’t choose it to observe a screen 24/5. Here are some points to think about that employment against the so-called ‘ day trader’: The shorter the time-frame the more noise and random price movement there's , thus increasing your chance of simply being stopped out of the trade. Your ‘trading edge’ features a higher chance of yielding a result for you if you’re not trading within the intraday noise. The same trading edge doesn't work or produce an equivalent results on a 5 min chart compared to a Daily chart. Commissions and spreads churn your account, therefore the more you trade the more you lose in broker platform costs. (I will mention this below) Risk-Reward ratios aren't relative on shorter and longer time frames. Statistical average volatility across different time periods also as natural market dynamics play an enormous role during this . there's much more weight behind higher time frames than lower timeframes. Great trades take time because the market moves slower than most of the people ever anticipate. Trading from the upper timeframes and holding trades for extended time periods will provide you with greater opportunities to ascertain trades mature into big winners. However, shorter timeframes don’t provide you with this same opportunity fairly often .
Hello here I am back with the Bitero program. The team behind this project has already proven itself with a very good project this year ... For more information, please come and see me in private ... Their story : Bitero is a company that started from an idea, around which a team of enthusiastic visionaries has been built. This team, made up of various investment experts, has experimented and developed new frameworks to create diversified investments with high return and high security. The most successful frameworks have been solidified and have worked (and still function) as the backbone on which this investment platform now known as Bitero was built. This company has brought together the brightest minds from multiple fields to ensure that all their decisions and actions are always supported by experience, analysis, research and math. By combining the knowledge and experience of financial trading with the possibilities offered by Blockchain technologies. Their team is made up of several trading experts and financial analysts who work hand in hand with their technical staff to master the possibilities offered by the Blockchain. With each other, they share a combined experience of over two decades of asset management in Forex, stocks, stocks, bonds, futures, gold and more. Their dedicated team of technicians, specializing in machine learning and artificial intelligence. Every day, their specialists tweak and improve their neural network algorithms to maximize their efficiency. To this extent, they plan to add further diversification to their already existing strategy to provide even higher security to their investors. The Investment Plan: In Bitcoin Only The investment package has a duration of 30 days with a daily profit of 2% on working days and 1% on Saturday Sundays. Instant withdrawals. Investors can get their initial deposit back at any time with a 10% charge during the first 30 days. Beyond these 30 days, the invested capital will be returned to you free of charge directly to your Back-Office. Additional Information : Domain registered for 3 years SSL valid from 01 September 2020 to 03 October 2021 Unique Script The team behind Bitero has this time tailored its investment plan to aim for the Long term ... What to make all good profits! Forward the Gains! ;)
What is Day Trading? Foreign Exchange Deals that are generally closed on the same day is called Day Trading. Short Term trading is attractive as it offers higher returns but at the same time is dangerous as well. With the advent of internet technology, day trading has become extremely popular among investors and stock market players. Normally Forex day trading involves buying a currency at the prevailing rate and which you feel will rising up towards the end of the day. As soon as the currency value rises you sell it off making a profit for yourself. What are the mistakes to avoid in Forex? Forex trading, however enticing it may seem is not fool proof. People usually indulge in cross currency trading like USD to EUR or vice versa. The trick here is to choose your risk quotient by following market trends and doing some research on your own. No matter how much perfect you think your strategy is, you are always advised to tread with caution. 1) Forex Day Trading is not your shortcut to wealth No matter what you have read on the internet or what stories your other trader pals have told you, you cannot become a millionaire overnight with Forex Trading. However, we are not completely discouraging you as there are many traders who have made their fortunes and many others who still are dependent on it as a means of livelihood. What you need to develop is trading acumen which will help you gain profits. 2) Do not risk more than 1% of Capital The higher you risk, higher the gains, this strategy is not overtly applicable to day trading Forex. A successful trader will never risk more than 1% of his capital on a single trade. By adopting this method, you ensure that in event of a loss the amount is not too significant. 3) Keeping unrealistic expectations While starting your trading be fully aware of the market conditions and what you are getting into. Do not blindly foray into it just because somebody promised a windfall. Make sure that you have sufficient financial knowledge about day trading, the terms that are used, what to look out for etc. If you think you will have 5000 USD that will yield you 30000 USD then than it not going to happen. Take help from an expert who is dealing into day trade Forex to learn the finer nuances of the game. Conclusion When trading Forex, you should avoid:
Thinking it is a shortcut to wealth overnight, you can be successful in Forex trading if you learn and improve every day.
How Does PrimeXBT Help Traders Generate Profits In Ways That Other Platforms Don’t?
https://preview.redd.it/1uo03d0395n51.png?width=1000&format=png&auto=webp&s=47a8c8fc6a5f0029d7c648ef246aaceb0b032172 PrimeXBT is one of the true success stories of the cryptocurrency industry, having launched only 3 years ago and today growing to become the largest multi-asset margin trading platform on the market. The exponential growth of PrimeXBT to the point it’s at today has been largely as a result of providing opportunities to generate profit which other trading platforms have not. Let’s take a look at the innovative ways that PrimeXBT has provided advanced tools and features for its users, and the impact it’s had on its growth in the market. What’s Different About 2020? For much of the last 10 years of the life of cryptocurrency, trading platforms have faced limited competition and could largely dominate the market without much innovation being built into their systems. Throughout 2016 and 2017 there was a huge growth in the number of traders in the market, and this had a knock-on effect where the additional trading revenue that was available led to a huge influx of new trading platforms establishing themselves as well. This influx of competition has meant that only trading platforms that innovate are able to compete and secure a substantial amount of market share in the cryptocurrency space. PrimeXBT - The World’s Leading Multi-Asset Margin Trading Platform PrimeXBT has incorporated innovation into the fabric of its trading platform, with it being the first major cryptocurrency trading platform to focus solely on margin trading in the crypto space, and this in turn leading to a strong demand for its services. Over a relatively short period of time of 2 or 3 years, PrimeXBT has continually grown at an exponential rate as it has integrated more services providing greater value for traders. Today PrimeXBT has become the world's leading multi-asset margin trading platform, listing a wide range of cryptocurrencies and traditional assets and managing up to $2billion worth of global trade every day. Wider Variety of Assets to Choose From Unlike other platforms which focus only on cryptocurrencies, PrimeXBT lists a wide range of cryptoassets including BTC, ETH, XRP, LTC, and EOS, as well as a wide range of traditional assets like stock indices such as S&P500 and FTSE100, commodities such as gold and oil, and forex pairs such as USD/EUR and AUD/CAD. Coupled with this has been PrimeXBT’s continual push to integrate new assets into its platform and over the course of the last few years has increased number of listed assets by more than 50% One of the most attractive reasons that traders have traded at PrimeXBT is the ability to use it as an efficient and seamless bridge between cryptocurrency space and the traditional asset market. Industry-Leading Margin Trading and high Leverage At its core, PrimeXBT is a margin-trading-centric platform that recognized the demand for advanced margin trading for features within the cryptocurrency market and built its services around that. Traders at PrimeXBT enjoy industry-leading leverage of up to 100X on a range of cryptocurrencies and up to 500X on a range of traditional assets, with this being significantly higher than in any other major platform in the market today. At a point in time when almost no other major cryptocurrency trading platforms provided margin trading, PrimeXBT was the first platform to build it into its systems in any kind of significant way, and as such has built a large and loyal following throughout the market. Secure Trading for Users PrimeXBT has also always focused on providing a secure environment for traders, with the platform having a better security track record than a majority of others in the industry. PrimeXBT incorporates a wide range of bank-grade security features into its services such as mandatory Bitcoin address whitelisting and cold storage of digital assets with multisignature technology. This has ensured that PrimeXBT has never been hacked and has not been breached by hackers, with the funds of its users remaining safe throughout this time of operation. In Summary PrimeXBT provides a unique trading environment for its users, with a wide range of different features and unique and powerful ways to generate profit in the cryptocurrency market. The innovation that has been built into PrimeXBT has been one of its major draw cards and it’s unique selling point for the past 2 or 3 years. To learn more about PrimeXBT and the tools and features available on the platform, check out this link.
I'm trading for 11 months with pretty good success. I never traded metals and forex before, just stocks. Today when gold started to consolidate at the last hour I decided to scalp short it with a large amount, so i opened 100 lots. I haven't realised, in forex 100 (lots) doesn't mean "100 pcs", because I used to stocks and I went full retard without knowledge. Seconds later I realized it means 10 million dollars (500x leverage). It jumped up and immediately I was down 4000. I scared as fuck and rather than closing the position immediately I hoped maybe I can close break even. The market closed and I waited for the asian session. The gold popped like never before and I lost all my life savings (£65000) Here is the margin call https://imgur.com/a/i2bpwZ6 You know the rest of the story. I'm depressed, crying and shouting with myself. Yes, I know I was stupid, thanks. I just wanted to share this with you.
The evolution of Si14 betting exchange. Dear partners! We are often asked a question about the history of the company. We will gladly share our background with you. In May 2014 the company Si14 Ltd. was organized in Russia. The company provided services in trust management of investors' capital and concluded contractual relations with Active Trade broker ( http://www.profi-forex.us/news/entry4000005767.html ). Si14 company is also a creator of mechanized trading systems on the stock market. At the same time, Si14 was interested in the constantly emerging arbitration situations on the sports betting market and Si14 decided to manage its assets at betting companies. The results of asset management in the sports betting market reached 200% monthly. At this point, the company faced industry pains, account blockages. The management of the company decided to create its platform Si14 Bet - the first fair sports betting exchange. At the moment the company is being restructured and opens a legal entity in Switzerland Si14 AG. After the official launch of the platform Si14.bet - the company plans to enter the IPO. Follow our news and join in the success story. For more information, please visit https://Si14bet.io #Si14 #betfair #bet365 #Si14Bet #oods #livebetting #soccerbetting #bettingtip #soccerbetting #bookies #bettingexchange #bookies #bettingexchange #rich #bookmaker #sportsgambling #rich #bookmaker #sportsgambling #millionaire #billionaire #makemoney #moneyonline #bettingexchang #bettingexperts #onlinesport #onlinesport #casino https://preview.redd.it/fpmzsjee94n51.png?width=2330&format=png&auto=webp&s=2e0b56b04afbebb0e2c4e68991bba5ce412fd8a6
I've noticed that about 2,000 people have joined the Forex community in the recent weeks. Has anyone else noticed this? I suspect this is because of the lay offs due to the corona virus, and people are frantically looking for ways to supplement their incomes. While I'm glad that people are trying to better themselves and take control of their financial situations, I have to admit that the daily "newbie" questions are getting quite annoying. And it's not because there are new, inexperienced traders asking for help, but it's because the questions are more-less the same questions. I know there is a pinned "New Traders" section at the top of the thread, but it seems it isn't catching much traction. But first, to the new traders I'd first like to say: Welcome! This will be a tough journey, but it will pay in dividends (not literally). A couple tips before we start: FIRST, see the pinned New Traders section of Forex SECOND, go to babypips and take their FREE courses where you will learn the basics. I never did because I'm an idiot, and it took me many years of trial and error to succeed in this game. Don't be a lemon like me, go to babypips. Now my basics; Always have at least a 1:2 Risk:Reward. Simply put, risk at least $1 for $2. Always set a stop loss and take profit. In the beginning, I find it best to give new traders a black or white, go-or-no-go trading strategy. Trade mechanically. While discretionary trading is profitable, you need years of experience and time in the charts to be good at it. It could be something like, "I only trade low volatility break outs on the 4hr. Any candle below x ATR and I will enter via stop order at the high/low of that candle. My sl will be at the high/low of the entry candle, and I will look to make at least 2 reward on that trade. I will risk 1% per trade, even on demo, and I will trade in the direction of a 10 period moving average" This is a VERY crude strategy, one I just pulled out of my ass, so don't go using it and blowing your accounts! I recommend starting with 1 pair in the beginning, at MOST 3. And I recommend not swapping into different pairs. Keep those 1-3 pairs. Once babypips is completed, demo trade. Put time in the charts and develop a strategy (mechanically, preferably). Your strategy could be as complex or as simple as you like. Simplicity is genius in my opinion, but you do you. I'm not trying to sound like an ass, but everything you really needed to learn you learned from babypips. With that said, DO NOT pay for courses from ANYONE. They will often know the same as you, if not less. In my opinion to be really great in this game you don't need a lot of information., and capitalize on every opportunity. You just need to be really good at one style and max that the hell out. For instance, being really good at low volatility breakouts, and having a system based off that. No amount of schooling (high school, college, or courses via Forex gurus) will make you successful. It's one thing to know a strategy, but to implement it in real time with real consequences is daunting. The only way to conquer this is to simply do it. Trade. Trade with an amount of money you can emotionally and financially afford to lose! I would even recommend starting a live account with $50 and only trading micro lots (0.01) until you become comfortable and your strategy proves successful. This is AFTER demo trading your strategy. Master yourself before you master the markets. Work out. Feed your brain. Get enough sleep. The money you make or lose isn't worth your health. Psychology. In my opinion the best psychology you can have while trading is a form of stoicism. You've placed your trade based off your strategy, you managed your trade based off your strategy, and you risked an amount you've told yourself you were comfortable losing with an account you told yourself you were comfortable blowing, so what's the worry? Why the second guessing? Everyone's heard that story, right? Where a man goes to a successful "guru" and says he wants to be successful. The guru says, "Ok. Show up at the beach this time tomorrow." The man shows up at the beach in a suit and tie, ready for success! The guru tells him to get in the water. Once in, the guru holds the mans head under the water, drowning him. At the last second the guru lets him up and says, "once you want success as much you wanted to breathe, you'll be successful. That's what you need to be like. You need to be willing to do what is necessary and put in the work. It's not easy. You're going to lose money, maybe even blow accounts. You may struggle for years without a return, or even lose money over that time. How bad do you want it success, though? And are you willing to drown to attain it? Best of luck new traders! Experienced traders, please feel free to add things or tell me I'm a goof in the comments.
Deciding if I should pursue a career in forex trading (as a 15 year old)
Hey everyone, I’m a teenager living in the uk and in the past 9 months or so I’ve been trying to decide what I want to do once I leave school. Long story short I have lots of interests but my ultimate goal in life is to travel the world and gain ‘financial freedom’. I know this sounds very typical of a teenager which has been exposed to gurus or whatever but I want some opinions off some professional or experienced traders not these gurus trying to sell me something. I would just like to know if forex trading is a career where you can be very successful and I will start learning as soon as I can, I’ve learnt all the basics but I want to keep learning more about it so I’m ready to trade real money when I’m 18. I really hope I don’t come across as just some idiot who thinks it’s a get rich quick scheme because I certainly know it’s not. I would really appreciate any advice and comments if anyone sees this, Thank you
Every forex trader whether they are a beginner or a veteran has a single goal in mind which is to become a successful forex trader someday. Many traders who have officially made it on the forex markets come forward with their forex success stories and share what they did to become successful at their craft. Forex Trading Success Stories – ETHUSD – Trade – 68.49% of Realized Profit. Stanley Druckenmiller’s long position on German Mark made me think of my buy trade on ETHUSD. Stanley Druckenmiller gave a 60% of return to Quantum Fund. This is why he is in the list of the Forex Trading Success Stories. I bought ETHUSD at a perfect entry. The ... Forex Trader Success Stories Wednesday, April 9, 2014. Forex Trader Success Stories ... this can help paint a more accurate picture while you're still learning the trade. The stories that will provide the most benefit are those that delve deep into all aspects of trading, including the stress and the sweating that is typical of almost all traders. This is a whole new world. The more you start ... New Year is a great time to set new goals, create plans and recharge your inspiration. And what can be more inspirational, than a story of success? Forex is a place where everything is possible for everyone. Here are 5 impressive stories of famous traders, who started with very different backgrounds, but have one thing in common – success. This article will dive into a few stories of the best Forex traders who were able to become extremely successful, and it will also provide you with tips on how to become successful yourself! The Best Traders to Copy: Traders for beginners. One way to improve is to learn by example, and a good beginning point is to discover who is the best Forex trader in the world. So, let's ask ourselves, who ... John learned that technical indicators are lagging the price and that they shouldn’t be used to enter into a trade, but only to confirm a trade. He was focusing on price-action this time , identifying important support and resistance zones on the chart , learning about chart patterns, candlestick patterns ( Steve Nison’s books were one of his favourites), and trend-following techniques. Successful Forex traders think differently from the rest. They aren’t concerned with needing a high win rate or trying to trade every day regardless of market conditions. In this post, I’m going to share with you nine of the top qualities that the best Forex traders in the world possess. What follows is a combination of lessons I’ve ...
How I Doubled My Forex Account In 90 Days Forex Success ...
I finally decided to make a video on my entire forex story. I started with IML 😂 please don’t do that ... Yes, you read that right. In today's episode, I am going to show you how I doubled my Forex account in just 90 days. Go from losing trades to becoming a cons... FREE Case Study "Quitting Your Job To Trade Full-Time": https://d2t.link/case-study In this Forex Trader Motivation video, you'll be hearing the stories of h... Want to watch more Forex Trader Motivation videos? https://goo.gl/ijjXCZ In this Forex trader motivation video, you'll be hearing advice from traders who f... I first got introduced to the Forex Market November 2017, I immediately fell in love with the concept of being able to make money from my cell phone. That wa... Forex Trading Students share their experiences with ForexSuccessfulTraders.com Forex as a Business - Free Video Series: http://forexsuccessfultraders.com/you... FREE: Complete Price Action Strategy Checklist http://bit.ly/2wSHj8N In this Progreso Forex trading vlog, I share with you an overview of my Forex trading st...
