- Anyone here have a successful and durable experience in forex trading ?
- What's techniques did you use ?
- With how much money did you begin ?
- Gives me advice for a beginner like me, please.
I am really sad when i read specialized forums in forex, why?
Because all the trading journal I read ends the same way :
They end up losing all their gains and have their account to 0 dollars, after 6 months or 1 year.
I need testimonials from people who really live forex successfully since several years.
http://forums.babypips.com/newbie-island/70214-truth-about-forex-you-cant-become-rich.html
I think this method is the best to learn forex or index cfd:
Depositing tiny amount less than € 200 and try to make it grow until 1000, once in 1000 reached 900 withdraw.
With the remaining € 100, try to grow them again to € 1,000, remove 900 ... etc.
Do it 10 times successfully
Instead of dropping € 50,000, losing after six months, redeposit € 20,000 and lose again after one week.
Warning : this thread is only for winner in forex market.
FIRST
>>1277216
what is forex?
>>1277235
:^)
>>1277235
forex is a bucketshop
the real play in trading currencies is trading currency future options
>>1277235
>>1277463
>he hasn't upgraded to the next level
forex can be your worst nightmare.
>>1277688
I want to start dabbling in forex, would 500 be a decent amount to start with?
>>1277707
demo this strategy over 10,000 trades
set target profit at one pip after trading fees
set target loss at ten pips after trading fees
just open one trade and keep the direction the same, you're banking on normal short term variance
it's also a lot easier to make one pip than it is to lose ten pips
you should end up a loser after, which means you should look for a better market to trade in
>>1277717
Sounds good, I'll definitely develop a strategy using a demo and try to get to 10000 trades. Thanks senpai
>>1277466
>>1277717
you should end up a loser in most markets trying that... random entries with a fixed target and stop loss... with costs added in the form of commission and/or crossing the spread you're going to be -EV
>>1277846
it could be deceptive short term though (and given the target of 1 pip you could execute thousands of trades in a day trying this.... a simple up trend over a day or two could make it appear profitable over 10k trades... likewise in a falling market you'll be wiped out even quicker than expected....
>>1277846
your first entry is random, every other is not
the thing is, is that without quantifying probabilities of success, every bet you make is -EV
>>1277957
every entry is random as it is in turn based on a random entry... and yes that is the point, because it is random and you've got a cost associated with it it is inherently -EV... it is a futile exercise
Forex is very dangerous
>>1277466
What indicators are those?
>>1278170
Hi OP how are you doing?
>>1278253
just shapes with i think it was fib time series and gann fan
>>1277688
>>1278060
>>1278170
>>1278170
This is why you always (and I mean always) use SL, even when you are 99% sure.
>>1279331
>he realizes the loss
>>1277216
I'm really new to this, but I managed to grow my bankroll +236% in 2 weeks, mostly with fundamental analysis and reacting to the news. Fxwirepro analysis tips helped a lot, too.
>>1279311
The FBI doxed me
>>1279331
I'm not sure you understand how a stop loss works - it likely wouldn't help you there
>>1279331
>>1279725
i work in an fx broker in sydney. stop loss will not work. stop loss is just an instruction that says "if the price signal reaches this, please press "close at market" on my trade. it doesnt close at the limit price - the stop loss is the trigger price, not execution price. if the fx market does what it did in that picture, youre fucked
>>1279976
Yeah but you can't tell for sure how much someone would lose in that situtation considering it is a daily chart and there is no gap
>>1279976
exactly... and as far as most retail fx 'brokers' are concerend then there isn't an order book anyway so they have discretion to chose the price at which it executes
on an exchange (fx futures) or ECN, you're still fucked as liquidity providers will pull liquidity more rapidly than your retail stop order can get to the ECN or exchange gateway and your resulting market order won't hit anything until a bunch of people submit bids much much lower down and execute against the mass of market orders essentially in freefall - which is why you get that spike all the way down which retraces somewhat once liquidity returns
the 'brokers'/bucket shops can then fuck their clients over by marking their stops as having executed at the bottom of that spike... participants in exchanges and ECNs face a bit of a lottery with the matching engine... a few of them will have got out by executing against whatever bids remained/weren't pulled quick enough, others will have been matched at the bottom and others as liquidity started to return...
>>1280052
gap is irrelevant, it was a sudden drop and liquidity dissipated... which is basically a 'gap' anyway - except lots of this move happened within the same bar
>>1279976
you lost all your gains on your plus500 acccount ?
>>1279976
how is your trading going?
I do forex with FXCM. I opened my account with $50, and I just drop a little in each month and use it as a savings account. If you have money in, you have access to all their tutorials on different strategies and indicators.
If you don't want to do that, check out babypips.com or myfxbook.com and look for crazytrader.
>>1280140
this style of trading is very dangerous, I think he lost everything
>>1280091
You're right, I agree that whoever was in got fucked, I also forgot that Forex works almost 24/7 therefore gaps are rare
>>1280132
Just don't trade news
>>1277216
if you want to be a successful FX trader OP then the future probably involves learning to code... a start up prop firm is now the 4th biggest liquidity provider in spot FX, beating Deutsche Bank.
Banks have already lost to innovative HFT firms in equities over the years, they've also not competitive in exchange traded derivatives... spot FX seems to be the next place where they'll start losing market share to new firms
http://www.chicagotribune.com/news/sns-wp-blm-computer-trader-7f5fa0f2-226a-11e6-b944-52f7b1793dae-20160525-story.html
>>1280140
>>1280177
i ended up $500 worse off and quit FX for good. btw dont use plus500 as they are a fucking EXPENSIVE broker. although, they are honest. fxcm and oanda, axitrader etc will rip you off through point desking that you wont even know about unless you know how mt4 servers work.
>>1280439
deutsche bank is fucked because of their forex exposure, but banks never made money out of forex - only out of selling the cfd's on forex.
I trade head and shoulders pattern it's an ok strategy I do good for myself with it
>>1280883
>i ended up $500 worse off and quit FX
what was your starting capital ?
>>1281304
I started this
>>1279683
I heard it was someone in Tokyo
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>>1281381
Maybe idk like to talk to him
Is there any app/software that can notify me of 10+ pip shifts?
So in effect, the software would analyze the market price every 10 seconds or so, and notify me when the price rises or drops 10+ pips.
Does anyone know of any software that does this or will I have to get something custom made?
>>1281481
You could probably request that be made pretty easily on fxcodebase.com
>>1281555
>fxcodebase.com
thanks m8
BUY Signal on all JPY pair.
>>1280883
>deutsche bank is fucked because of their forex exposure, but banks never made money out of forex - only out of selling the cfd's on forex.
eh? no....
>>1277265
youre literally retarded.
>>1281876
>he plays bucketshop price slippage
I mean, how retarded can you be?
>>1281962
>>1281626
Yup yup. You looking to take advantage of momentum or something? You use any overbought/sold oscillators? EMAs? Ichimoku? MAE? Definitions and explanations upon request, of course.
>>1281967
Huh. What the fuck platform is that?
>>1281967
so you mean options on futures
>>1282045
>futures
>of the euro
>the euro is a currency
>and you trade options on the futures of the currency
Wow, that was hard.
>>1282063
>currency futures options
What's so fucking hard about that? Futures on currency, and the options of the futures on the currency. Like, how the fuck are you still not getting this?
>>1282064
Again, what you meant to say was 'options on futures'
>>1282067
What i meant to say was currency futures options.
>>1282069
you're the same guy who shitposts in reply to the OP's CHF graph aren't you?
>>1282073
I've made people money on this board, and I have a trip.
>>1282115
not very good at communicating though are you...
>>1282161
I'd have to ask you the same.
>>1281445
what would you like to know?
>>1282326
that wasn't a question, you couldn't answer a straight question earlier
>>1282968
>not very good at communicating, are you?
You need to use correct grammar. Though, you still shouldn't be using "not" as the first word of a sentence.
>looking at the eur/usd
>up one cent
I started with 150 two weeks ago now I'm at 550. I doubt it will continue to make money for me because roulette is roulette.
>>1283086
What are you doing to get that rate of return?
Did anybody have open USD positions for that spike due to the low nonfarm payrolls here?
>>1281979
looks like think or swim.
>>1283033
No, you can start a sentence with a conjunction.
However it is 4chan not English class and the previous point still stands, you were asked a simple question...
>>1283220
I did. That, and another trade I had open let me close at with a 10% gain on my account for the week. That's my real goal each week.
>>1283233
Thanks. How much does that cost, anyway?
>>1283275
>do you mean FX options? FX futures? FX Options on futures?
quite clearly a straight forward question, you chose to be obtuse in answering by whacking up a screen print of your retail broker showing options on futures... instead of just answering
>>1283296
>currency futures options
>still not understanding that you can trade options on futures of currencies
>>1283267
its free and can only be used with td ameritrade.
>>1283452
Well, that might be what decides my online broker when I get enough to spread out past Forex in a few months.
>FX market closed for the weekend
>life loses all meaning
>>1284590
Yeah, my day off is Saturday, and I always thing it sure would be nice to get some scalping in.
>trading for 8 years
>finally making profit
>finally have a system that so far works.
Not worth it. It took me 8 years. Id rather have a stable full time job.
...but too bad im an avoidant and lazy neet with zero discipline and full of self-loathing
>>1284905
>6y here
>still not profitable
could be worse fagget
>>1285156
Tell me more anon.
Tell me your exact system, your entries, your exits. Since it's not profitable sharing it shouldn't be a problem. Maybe i can find where you are wrong and tell you so we can both make mad $$$$$
>>1285156
Also your exact win rate, how much money did you lose, everything that comes to your mind.
