What kind of work mate? Are you giving us the real causes of failure or what? It would be great if you can share your experiences regarding your losses and what you learnt from them

Why are most of the traders here failures?

I really dont believe in a perfect trading system because there is no such system and if we can get 70% winning ratio then it can be called a perfect trading system according to me. A 100% profit system is almost impossible.

The perfect trading system

Just try to participate in demo contest and this emotion thing can be brought to play. When you will be thinking of real cash prize then you have to feel the emotions even if you are trading in demo account.

Is demo a step before real trading?

Yes it is really worth to stay away from the news hours in your normal strategy because it is where most of the fake signals will be generated. It is better to have a separate news trading strategy.

Do you actually avoid news hours?

I also trade on hourly charts quite often but 100% losers. This is really bad and you should inverse your strategy. I mean where you are selling, just buy there and you will see 100% profits. That is not gonna happen and you need to check your TP.

Why do all my trades off of H1 and below lose?

Last month was a good one for me and I achieved more than my targets but this month is not going good so far. The ECB and NFP news has struck me quite hard but that is a part of trading.

What was your net profit for last month?

Very interesting and encouraging to see your post. At least you are now making good number of pips. With time, there will be increase in the pips amount and ofcorse the profits

How many achieve an average of at least 100 Pips a month?

I have faced this thing when my SL was not hit at the set level and I understand that it happened due to gap. Normally TP are hit in volatile market or gap but this is strange thing to notice.

Trade not closed at TP level, what's going on?

I have also tried some signal service but the timings of signals are not synchronizing with my local timings so some signals are missed and the performance cannot be true. So pick that on who is providing a trade copier software.

Pros and Cons of following any forex signal provider service

My most failure are because I am unable to control my emotions at time specially when I try to trade the news and use high lot. I am trying to control but the success factor is not allowing me to control myself because I have gained good profits on ...

Why are most of the traders here failures?

I am very happy that I have got a system at least after my 2 years of struggle that is giving me more than 100 pips in a month and I do not have to trade much or everyday to take some pips. I am in 100 pips group now

How many achieve an average of at least 100 Pips a month?

This week I have traded only 2 days and I will trade today as well. It will be on USDCAD because the employment data will affect the pair and I want to take advantage of this movement.

How often do u trade?

I think any trader who is getting 200+ pips weekly he is on the way to success. In good weeks, the pip amount can be up to 500. I know many are getting much more than this but this is a success for me.

How many pips does a "successful" trader collect weekly?

You can use the economic calender here and you will see the data in second. The high impact news has to be traded instantly or you will see a good spike in first few second and it will be late after it.

Information For Beginners

I am seeing the RSI and 3 levels have been set which is understandable but what about the blue and yellow lines. Are these entry point and profit target levels that will be used while trading.

The perfect trading system

How can we start right away on a real account. Only those can start who have bundles of money and they are not finding a place to spend it. Any normal man would go for demo before he can trade in real account.

Is demo a step before real trading?

Just use 4h chart and add zigzag indicator to it and you will know where is a top and where is a bottom. Then place your orders at top and bottom with TP and SL. It seems easy but need some patience.

"buy low and sell high"

When you achieve this level of getting profit consistently then you do not need to work for any other thing. Just enjoy the profits and get financial freedom.

Earning Consistently In Forex

Actually I am not doing this hedging but I think it is good idea because I was seeing at one free signal service trade results and most of the trades were hiting SL.

Does a Free Signal Provider Exist?

Just observe 1 single pair and you will know how it behaves in different situation and react to news. Then you have to make a proper risk to reward ratio and follow your system. You cannot be right all the time but you will be most of the time.

Top currencies that gives clear price action