GRIMMJOE:
Run for your life, forex is empty noise, "play with what you can afford to lose" that's how you'll soon start selling your properties, hoping to get them back.

Listen carefully, non of the addict here is making profit, they lose more money than they make, ask them to show you their history.

Solution, go and learn an online skill, you work for 2 hours you get paid for 2 hours, you work for a whole day, you get paid for a whole day.

Most of this addict regret ever knowing forex, but they are too deep to get out, run before you become one of them.

I've quit forex gambling, I'm now focused on paying my debt, licking my wounds and healing gradually.

I met you on my way out, if you know what's good for you, come let's be going before they cajole you into becoming a victim.

Borntosmoke:


What is d fundamental analysis behind GBP gaining strength. What is interest rate hike. Can someone explain?? Because gbpusd have been breaking higher timeframe resistance since last 3 days. The higher timeframe trend is bearish 4 hour upward while 1 hour timeframe downward is bullish.
I don't understand??

Juicethekid:
so why are you still lurking around this thread? Lol, I guess you are looking for motivation and you can't just take your mind off forex!
Simple advice to ease the pain : Open a new moniker and start posting, nobody will detect lol

Borntosmoke:


What is d fundamental analysis behind GBP gaining strength. What is interest rate hike. Can someone explain?? Because gbpusd have been breaking higher timeframe resistance since last 3 days. The higher timeframe trend is bearish 4 hour upward while 1 hour timeframe downward is bullish.
I don't understand??

Vhipa:


Analyze the market your way, and tell me what you see….
Let me hear your perspective first please.

VeeVeeMyLuv:

Bank of England 65 billion pound intervention.

7 days ago

Englishisamust:



There is nothing special in what the guy is doing but that risk management, only 0.5 percent of traders can do that. 10% drawdown in 7 yrs. Investors will easily give the guy money to trade.

realone12:
his trading mentality is just too fragile.. someone with this kine of fragile mentality will hardly make it in forex trading even if he has the best strategy...

Dave50:
I think gbpusd has reached its maximum and ready to drop like it's hot
Well i may be wrong

GRIMMJOE:
Run for your life, forex is empty noise, "play with what you can afford to lose" that's how you'll soon start selling your properties, hoping to get them back.

Listen carefully, non of the addict here is making profit, they lose more money than they make, ask them to show you their history.

Solution, go and learn an online skill, you work for 2 hours you get paid for 2 hours, you work for a whole day, you get paid for a whole day.

Most of this addict regret ever knowing forex, but they are too deep to get out, run before you become one of them.

I've quit forex gambling, I'm now focused on paying my debt, licking my wounds and healing gradually.

I met you on my way out, if you know what's good for you, come let's be going before they cajole you into becoming a victim.

MONEY247:


Welcome to wotowoto.....lol
Be like me trade only demo account....lol...

Jokes apart....
I trade real account sha....

Learn well.........
Don't rush the process....
Learn from mistakes..... you would surely make them

Good luck on your new job.......

kozmicity:
I've been battling a monster it's called greed. I thought I finally won the battle until yesterday.

I took two trades UJ and GU. UJ had a fixed TP of 50 pips which got hit. GU had an initial TP of 100 pips, when it was approaching my TP, I know with the price action I was seeing that it'll head higher. So I shifted the TP to 200pips ( what a fool I was). I later checked the trade at night and I was almost 180pips in profit and I felt like closing it but I decided that I'll wait till this morning before I do and if it swiftly reverses and hit my SL, I will accept the loss like that.

Fast forward to this morning, I saw a probable setup that might push the market higher after the retracement, so I decided to place another buy limit order and put that TP equal with the position opened yesterday. Only for price not to reverse at that area, take out the new position and I was barely able to salvage 30 pips from the first trade.

I am pissed because it's a trial prop account and last week alonside this one has been slow, and I saw over 200 pips and let it go. All because of greed, I'll keep fighting this bad habit and I'll take a measure that includes always putting a fixed TP and never alter it irrespective of how sexy the price action might be. My risk management has improved a lot thanks to infofirst stringent challenge rules if not by now I'd have had over 5 percent loss. But I have just -1.3% total drawdown. That's miles of improvement.

I don't think the journey is that far again. Patience is on check, Money Management is on check, Greed must surely be checkmated too.

If there's any tip I can use to finally smother greed, please I'd like to know. Thank you.

Jameselias:
like how many pip stop loss do you normally use

kozmicity:


It's not fixed. But average loss is around 30-35USD. TP is mostly 3-5 times more, but the past two weeks have been bad so I've been only seeing 1-2 RR's

Emmyreal4:
Is instaforex legit?

infofirst:
I am a profitable forex trader. I have over 15years of trading experience.
Greediness still allow me to lose but I know what I need to do to eliminate losses in the long run.
Indiscipline, impatience and greed hold me back atimes.

Case study
Last August and September. I made more than $25k withdrawal from prop firms.
Just last week. I lost two out of my $100k funded acct due to gbpusd strike. Who was at fault for the losses? I am because I allowed my greediness to take the better of me. I saw a good reason to buy and instead of taking moderate risk, I took huge risk and paid for it.

GRIMMJOE:
It's very easy to fake being rich, most so called successful trader don't even trade, they just sell course.

If I ever go back to trading that's what I'll do, sell course of $350, use the money to brag as forex earnings, rinse and repeat.

As for prop, no firm will give you that money, you a Nigerian, a third world country.

GRIMMJOE:
No need to play schematics, nobody make money in trading.

Emmizay12:
The way I'm winning in this Forex of a thing,,, sometimes I no dey believe myself,,, all that stress, anger, losing money left, right, center. The first day I saw Forex,, I just knew I found something that would change my mindset about money

I'm just glad I never gave up looking how far Ive come..... I know some people here will be angry with me because they haven't become profitable and still failing... They want everyone to fail too

I know someone here is about to give up Forex,,,,,, hang in there buddy,, you will soon start smiling to the bank,,,and no matter what anyone says to discourage you,,,it can't change anything,,

successsam121:


Instaforex has been around since 2012 or thereabout. Stopped using them then because of their wide spread. Legit broker.

Vhipa:

Please do recommend brokers ooooooo…..spread dey kill us

And I think NFP might usher in USD strength…yeah! I think so