The method of entry does not matter. I did not start this thread to teach a system of trading. That was not my intention. My intention was to help some of you that might be chasing the wrong ideas of what trading is and is not. So that you can stop ...

What I learned after losing $300,000 trading forex

So today was a very good example of how the market respected the ranges and how I was able to use the ranges as both targets and stops. Notice how the USDJPY 50 level was strongly rejected and the AUDUSD 25 levels contained the price until it ...

What I learned after losing $300,000 trading forex

I just waited for 30 minutes in their customer support live chat I finally got to the front of their support que as number 1 and was bumped to the back number 40 after wasting all that time. Another RED flag. This company is making a lot of promises ...

FTMO - For serious traders

I only see one broker available now? since they updated their website? I only see FTMO

FTMO - For serious traders

There is something called Dopamine Detox that I found extremely helpful but I had this done with a private psychologist. I had to pay for several one on one sessions and every person is different so not sure if that will help you but I think the ...

What I learned after losing $300,000 trading forex

The percentage levels will change with the price of the underlying that is all that matters. If you want to get a little more accurate you could use the ATR but the stats and math are all just based of the price of the underlying. When I said the ...

What I learned after losing $300,000 trading forex

Hey, Guys, I am not here to sell you anything LOL I already told you in my very first post!! DO NOT BELIEVE ANYTHING ANYONE IN FORUMS OR CHAT ROOMS (ESPECIALLY GURU'S) TELL YOU. THIS WAS ONE OF THE BIG REASONS I LOST A LOT OF MONEY. I WAS TRUSTING ...

What I learned after losing $300,000 trading forex

It looks like they are only offering one broker now. Themselves FTMO. After watching their crazy spreads on their demo I would be very suspicious of this company going forward. I see several big Red Flags.

FTMO - For serious traders

Yes, I have seen spreads the size of Texas with FTMO lately and I have several other platforms open and do not see nearly the same issues. I just demo this platform right now but I would be pretty pissed if I paid a commission AND had these crazy ...

FTMO - For serious traders

Some of you are confused so I will clarify. These lines are nothing more than .25% .50% .75% 1% of the days move (from the open) above or below the market. We know for a mathematical fact that the market stays/closes within a plus or minus .50% move ...

What I learned after losing $300,000 trading forex

Did you read the first sentence of my post? and the entire post before that one? and the entire post before that one? .25% .50% .75% and 1%

What I learned after losing $300,000 trading forex

If you mark off the .25 .50 .75 and 1% levels and you watch them you will be AMAZED and how the market respects these levels!!! However, be very clear these are not Support and Resistance Levels! Although sometimes they will react like they are. ...

What I learned after losing $300,000 trading forex

Exactly, This is the biggest problem I find with new traders (myself included when I was losing money). The reality is that all the Trading Gurus want you to believe that you can make hundreds of pips from a beach in Fiji. This is what I like to ...

What I learned after losing $300,000 trading forex

95% of the time there is no difference unless it is a Sunday and gaps lower

What I learned after losing $300,000 trading forex

So I promised you guys I would continue with this thread and one of the biggest things I had to accept before I became profitable was the Mathematical Facts that the market is random 85% of the time. This is 1 year of the $EURUSD (trust me when I ...

What I learned after losing $300,000 trading forex

I could not agree more thanks for sharing

What I learned after losing $300,000 trading forex

Over Trading is the number 1 cause of trader failure ... so yeah trading more is a horrible idea.

More Trading Equals More Success Sooner

No you are not misleading I read that 45% of volume is crossed intra bank on dark pools so yeah you cant trust volume

Volumes in forex are useless