Congratulation! I celebrate with you today as well. Reached an equity high where I wasn't for quite some years and I am not even as leveraged as I was in the past. Very nice.. Basically doubled my account again! Yay! Now rinse and repeat..something ...

Million dollars dream - starting from $1000

How about just accepting what happened? How about just accepting yourself anyway even with this? All is well, no big deal. You are on your way to live the success you already are. Imagine that, feel that..and just relax into it. And the current ...

Tim's £500 marathon. Goal £1 million

What's funny is that you don't need to become succesfull. You already are everything you ever wanted to be. It's more like Allowing yourself to be that success you dream about. It's not much about words..there's a difference between "becoming" ...

Tim's £500 marathon. Goal £1 million

I guess you won't see the data, might be just his assumption. Funny is that his signature says "Manage your losses first, your winning positions will manage themselve", nothing about spread. So it's either about spread or losses for him, can't be ...

I've figured out why so many people lose money in Forex

I already wrote I understand the leverage advantage. The way you wrote it before looked like there's some other positive that's why I asked.

I've figured out why so many people lose money in Forex

I see it as a matter of focus and ability to concentrate on the outcome while being able to maintain balance. Like walking a rope across the grand canyon. Impossible? Not anymore, there are people who did that. Extremely difficult/challenging/or ...

Million dollars dream - starting from $1000

True that. Interestingly enough I had yesterday as well some platform/system/whatever issue on pound.. Market moved in my direction after NFP and I started to prepare my exit order. As I was preparing it, internet connection went off and on soon ...

Price is everything

Just my guess against yours but being a professional poker player you will over time face the best and only one can win. Like in a fight, there you actually might have a draw as well. While in trading..you just join the winning side and you don't ...

Million dollars dream - starting from $1000

Fair enough, glad to have this discussion going. As I wrote this yesterday I actually realized I kind of remembered what it was couple years ago and didn't notice that things are different now. Great to know there are tighter spreads in FX now, so ...

I've figured out why so many people lose money in Forex

Did you read what I wrote at all? Why should I consider your scenario when I have my own years of data? And I can't say I had an edge back then.

I've figured out why so many people lose money in Forex

Congrats. Didn't took the trade eventhough I was considering it, but the volatility was too much for me, plus it didn't provide me some nice entry so decided to let it be. Would be nice trade but I feel good about doing what I did.

Spider's Den

Being realistic? That's a good one Tim. You never know what happens. And as somebody already wrote, there will be setbacks. Respect is a good thing. Without that, it gets costly. Sooner or later market will teach you being humble. And then again. ...

Tim's £500 marathon. Goal £1 million

That's just not true. At least not in my case. It will affect daytrader or scalper doing zilions of trades and/or targeting just couple pips, but when the spread & commision is just a fraction of SL/T it won't matter much. It's not meaningless but ...

I've figured out why so many people lose money in Forex

Well, there are people who focus on what does work, people to be inspired by, ways to explore etc..and others just sees what doesn't work, those who lies, issues, frauds etc.. I myself actually don't care whether any one ever succeded in trading ...

I've figured out why so many people lose money in Forex

He reminds me of academics/math specialists that design all the formulas "ensuring nothing can go wrong/we have it all covered" and then blow up because they don't understand markets. Like the guys who blew up the LTCM fund..very clever people but ...

I've figured out why so many people lose money in Forex

That's individual. Looking at my history of stops hit I quite often just get pretty much the high/low. So, entering again if the market closes back above (bellow) where I was stopped out soon enough, next candle or two, especially those with wicks ...

I've figured out why so many people lose money in Forex

Why do you ask? Can't say I understand what you are after.

I've figured out why so many people lose money in Forex

The answer is..Yes you CAN! How? Practice, practice, practice. Go through those moments now and feel all there's to feel while consciously breathing deeply. Going through it now you don't have to watch charts and react and you can just turn your ...

I've figured out why so many people lose money in Forex

If you see yourself as that, then what you would do with an enemy? Probably fight him hard.. But you can't really fight yourself! Being hard at yourself might work for some but more often then not it will back fire. Embracing ourselves, accepting ...

I've figured out why so many people lose money in Forex

I wouldn't call them morons, I see majority as just scared of the unknown, afraid what the future will be. There are a lot of "loosers/I can't ers" compared to "winners/I can ers"..and trading just makes that visible. How on earth could people live ...

I've figured out why so many people lose money in Forex