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How did you find success?

  • #121
  • Aug 10, 2018 12:11am Aug 10, 2018 12:11am
It surely is tough. No doubt we all have different answers but you should not be confused, because those are really good: Experience, Failure, Methods, Responsibility, Attitude, Patience, Events & Predicting. The best solution would be the ingredients of all the posts here.
  • #122
  • Aug 11, 2018 7:58am Aug 11, 2018 7:58am
Quoting KevinMarsh
It surely is tough. No doubt we all have different answers but you should not be confused, because those are really good: Experience, Failure, Methods, Responsibility, Attitude, Patience, Events & Predicting. The best solution would be the ingredients of all the posts here.
That was very well put! I completely agree.
Everyone has a differerent opinion, but the truth is usually somewhere in the middle.
  • #123
  • Aug 11, 2018 8:16am Aug 11, 2018 8:16am
Quoting KevinMarsh
It surely is tough. No doubt we all have different answers but you should not be confused, because those are really good: Experience, Failure, Methods, Responsibility, Attitude, Patience, Events & Predicting. The best solution would be the ingredients of all the posts here.
I agree with all of your points; but there is no specific syllabus on Forex and that’s the real challenge.
  • #124
  • Aug 11, 2018 10:38am Aug 11, 2018 10:38am
my change in wins/losses has just begun ( 37% increase in 2 weeks! i still can't believe it!) after reading about the Daryl Guppy method! and i only concentrate on 2 or 3 pairs, adding to my winners after the regress. i pick my 2 or 3 pairs by only trading the ones that are ALL in agreement on all time frames. boring and conservative, maybe. but i feel very safe and confident knowing that i am in the right side of the trade!
Mother of Pips
  • #125
  • Aug 12, 2018 7:11am Aug 12, 2018 7:11am
Quoting pipqueen18
my change in wins/losses has just begun ( 37% increase in 2 weeks! i still can't believe it!) after reading about the Daryl Guppy method! and i only concentrate on 2 or 3 pairs, adding to my winners after the regress. i pick my 2 or 3 pairs by only trading the ones that are ALL in agreement on all time frames. boring and conservative, maybe. but i feel very safe and confident knowing that i am in the right side of the trade!
Interesting, what’s the magic actually? It would be better if you share your trading curve.
  • #126
  • Aug 12, 2018 8:44am Aug 12, 2018 8:44am
Quoting ZikriIrfan
{quote} Interesting, what’s the magic actually? It would be better if you share your trading curve.
zikrirfan.....there is no "magic". like I said, the guppy method has helped me by correcting many mistakes I have been making over the last 1-1/2 years. this pic shows the trades I did on gbpusd. (all good except the last one, but I wanted to get out before market closed and i was ahead overall with gbpjpy also) I could've(should've) let them continue, but am not used to "winning" so I banked the pips before a lot of the regression took place. I guess when I get used to winning (and gain more confidence), I wont mind the regressions as much. the green box shows how my account is doing. I opened this about 2 weeks ago with a new broker for a fresh start after improving....better spreads too, so far.

also, I am more focused on just 2 or 3 pairs where all ema's are aligned in the same direction for a higher percentage of being correct!

there is a lot of info on the guppy method online. Investopedia has good info also!

here is also a screen shot of my 1st account on trade explorer......in the toilet until this month!!!!!! big improvement for me!!!! I love daryl guppy!! lol!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd_4H.jpg Size: 186 KB
Click to Enlarge Name: 2018-08-12 08_46_25-Microsoft Edge.jpg Size: 41 KB
Mother of Pips
  • #127
  • Aug 13, 2018 1:46am Aug 13, 2018 1:46am
Quoting KevinMarsh
It surely is tough. No doubt we all have different answers but you should not be confused, because those are really good: Experience, Failure, Methods, Responsibility, Attitude, Patience, Events & Predicting. The best solution would be the ingredients of all the posts here.
Well said! to find success you have to go through a lot of things and most important thing is you have to be patient throughout the journey.
  • #128
  • Aug 13, 2018 9:01pm Aug 13, 2018 9:01pm
You are successful if you can depend on Forex for your living without any worry. You can earn an amount which you can save for your life.
  • #129
  • Aug 14, 2018 7:09pm Aug 14, 2018 7:09pm
Oh yeah.. On less I - Was 2 Find the Holy Grail In Forex trading.. Such, like a Software tool or a Good Mentor that I - Could Follow, While He Explain In Details Step By Step Every Move He Makes.. Well that's Just Wishful thinking!!
  • #130
  • Aug 15, 2018 2:02am Aug 15, 2018 2:02am
Success in forex something not easy at all, if it's was easy everyone was work in it , i believe it's really hard and even most people they claim sucess they are not successful, i think best way to find success is close your room door and spend years doing researches and experiment until you find formula that will work with you
  • #131
  • Aug 15, 2018 8:32am Aug 15, 2018 8:32am
Quoting JsCave
Success in forex something not easy at all, if it's was easy everyone was work in it , i believe it's really hard and even most people they claim sucess they are not successful, i think best way to find success is close your room door and spend years doing researches and experiment until you find formula that will work with you
I agree. That, unfortunately, is the reality of it - success in trading requires a lot of effort.
  • #132
  • Aug 16, 2018 1:36am Aug 16, 2018 1:36am
Being successful in Forex is not that easy. But if you really want to be successful then have patience and keep practicing and don't lose hope.
  • #133
  • Aug 18, 2018 3:57am Aug 18, 2018 3:57am
actually success is open secret for all , you have to make sure sheer will , focus and real commitment. nothing without it.
  • #134
  • Aug 18, 2018 6:33am Aug 18, 2018 6:33am
Quoting Gabrields
Being successful in Forex is not that easy. But if you really want to be successful then have patience and keep practicing and don't lose hope.
And find a good broker, I'd add. Learning how to trade and then losing your money to a scam is horrible.
  • #135
  • Aug 23, 2018 4:30am Aug 23, 2018 4:30am
I think everyone will have their own definition of success. In forex success for many can be elusive. Traders need to understand that there is no secret short cut that will make you the king of forex. It is a combination of factors which will ultimately determine your success and growth in this business, like your skills, persistence, dedication, attitude, smarts, experience, perception, commitment, discipline, emotional and mental balance and discretion. Only very few people have the ability to master all these and sustain in the long haul
  • #136
  • Aug 23, 2018 4:56am Aug 23, 2018 4:56am
Success does not really have a fixed definition imo..for a trader making 5% return a month is enough for another thats money that should be make in 7days of trading.For me its all about finding what works for you and gaining an edge over the markets.I personally started making progress when i stopped using more than 100:1 leverage and payed a lot of attention to money management not forgetting also the fundamental backbone of every trader..i mean the psychological and the emotional control aspects.
  • #137
  • Aug 23, 2018 5:49am Aug 23, 2018 5:49am
Success is a complicated issue particularly in Forex trading because here almost 90% traders become loser. Some inevitable part of trading we have to ensure first of all if we want to ensure success from this volatile trading place. Good trading knowledge, good brokerage and real trading discipline needed for ensuing successful trading life.
  • #138
  • Aug 23, 2018 9:49am Aug 23, 2018 9:49am
By dropping technical based trading strategies and basing trading decisions off news and sentiment
  • #139
  • Aug 23, 2018 9:52am Aug 23, 2018 9:52am
Quoting EcoTrader
By dropping technical based trading strategies and basing trading decisions off news and sentiment
Can you recommend any good books on the matter? I confess that fundamental analysis goes right over my head.
  • #140
  • Aug 23, 2018 9:55am Aug 23, 2018 9:55am
Quoting mlawson71
{quote} Can you recommend any good books on the matter? I confess that fundamental analysis goes right over my head.
I don't know of any book that teaches this stuff. I learned from institutional traders.
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