Very true. People here get defensive, taking it as an insult if you don't confirm their prediction/position. Good traders are good at handling losses, just like a good fighter knows how to take punches.

EURUSD

EU has at least another 100pips to go. More pain for the bear.

EURUSD

Last three days have been as clear as day. Straight down, straight up.

EURUSD

Good for bulls, it was only a 50 pip pain. Made it to 1.1 though.

EURUSD

No doubt Bulls are under deep water already. However the idea is to create pain for both sides. And today being the last day of the month and all. But hey I have no position as it's too late for me to open anything at this point. Just thinking out ...

EURUSD

Well good for you... However average short price on myfxbook is 1.107. So anything above that will bring in the pain. So be careful any new shorts in this area. :nerd:

EURUSD

Ok make it 1.1...lol It's still 150 pips of pain. Would be enough to bury all the new shorts opened this week with all the stops hitting, who knows where it overshoots. My point is majority is short to EU. This is the last day of the month. Anything ...

EURUSD

Yeah. 155x is about 200pips away. That'd create a lot of pain right before the weekend. I am just speculating though, I don't have a horse in the game. But I know one thing 'pain' is the name of the game....

EURUSD

Imagine EU rally to 1.12 before month's end, ruining may people's weekend ... lol Expect the unexpected.

EURUSD

Most successful Forex trader I've ever met was an architect. I was invited to a dinner party at his $10M+ home. He only talked about his trades after i told him about myself. Look at him once you'd never know he's a successful forex trader. One ...

Are there any successful Traders in Forex Factory?

So you have the data covering whole $200billion a day retail market. Ok. Because most are fools. They keep repeating same mistakes over and over again. Smart people learn from their mistakes. As for my "winning ways" ... See .. this is what I mean ...

Are there any successful Traders in Forex Factory?

So, I had gbp/usd long in 2013 and short since mid/late 2014 in my portfolio - up more than 3500 pips on g/u alone. So should I be in news/articles ? Am I not retail ? There are millions of people playing spot forex and making very good returns. ...

Are there any successful Traders in Forex Factory?

Forex is a business that needs a lot of attention and time. More than most day jobs. The reason %95 lose money is because it's available to anybody with $50 in their pocket. Majority of this market is under-capitalized fools with ridiculous wet ...

Are there any successful Traders in Forex Factory?

???? I said I "IMAGINE they will" as in 'IMO' .You people have some serious reading and comprehension problems. No wonder!

FXCM Discussion

Margin/leverage trading means you're BORROWING money from your broker to open the position. FXCM's disclaimer says "The possibility exists that you could sustain a loss of some or all of your deposited funds" doesn't say "more". So I imagine they'll ...

FXCM Discussion

Sht happens. It's the traders responsibility. Read the fine print. Idiots trying to play sht tons of contracts with only $50 bucks but don't ask where the money is coming from. What part of "you can lose more than your initial investment" don't you ...

FXCM Discussion

Exactly this! I've been using FXCM though Etrade and standalone. No problems winning at all...

Scammers - Hall of Shame

More leverage means ; less money to maintain margin... more appealing to general public because it's cheap to join the game... which leads to more idiots playin and losing and then crying 'booo! forex is gambling, forex is scam.." It ...

Is it impossible for American traders to get rich in forex?

I said it here earlier, I'll say it again. People are extremely stupid. A successful trader doesn't need to sell anything to anybody. And if they think he is because he's a'nice guy' then they really deserve to LOSE all their money anyway. With that ...

Scammers - Hall of Shame

First of all if you're looking to "get rich" in forex then chances are you'll lose that money anyway. That's the wrong mindset. Now that's out of the way... In order to be successful in forex you don't need more than 50:1 ..

Is it impossible for American traders to get rich in forex?