I Hate Forex | Forex
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Ok, hate may be a strong word but sometimes it just sucks. The day before, I thought I was a professional trader and would be able to quit my job, buy a yacht and float off into the sunset ( I made a little over 100pips). Well today I got cocky and when I was up 20 pips with 1 mini lot, I decided to throw 4 more at it. Wrong move! It reversed and I lost 50 pips at 5 lots. Ouch...note to self "Don't get cocky, stay with the rules.
Comments
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You do not post any video for 4 years did you give up on forex?
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I believed at one time that there could be a way to trade Forex for regular profits, however, I have learned that there simply is no effective method because it is just not possible to ever know what direction it is going to go in, how it's going to move in that direction, and for how long. The ONLY way to trade successfully would be to have direct access to the order flow. In other words, you would need to see what institutions have placed orders, how many orders, ect. No such access will ever be available to retail traders. %100 of Retail traders lose money in the long run. The only profitable traders and the professionals. There is no such thing as a profitable day trader.
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I hate Forex, because 1) it barely moves, and 2) Unless you have big money, it is pretty useless to trade forex without leverage.
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I also hate forex, just tonight ive lost 60% of my capital
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@gkykuav I've hit about 600 pips a week and climbing. You just need a better system. This one will turn things around. If you wana learn watch this video >>> bit.ly/N2ky6o?=hzguwy
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We all had those days one time or another. Just continue to learn from your mistakes and practice. I wish you the best.
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good video
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@dudemanaric You can make millions or lose it...ouch. But I love the challenge. Take care and best of luck.
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Amen brother! Must destroy all Forex robots.