Actually I think that forex is a magic.:50: It always take negative side of my trade. :17: If I am putting sell oder price eventually going high. If I am buying quickly price will going to down. :17: I am tried with forex. Always loosing some money. Please help me. What is the wrong with my trading. …:51:
A while ago I read about an experiment that.
Where there was a professional fx trader, child and a dart game competing for better trading results. As you probably guessed trader and child lost money, but dart game had some profit for that time being.
So I guess try throwing a dice or pick cards…might improve your trading!!!
What I wanted to say with that is that it is more like a mental game, that is where the problem is.
It is because you are trading with the herd. That means you are one step behind the big guys.
You have to be one step ahead the herd, so you move with the smart money. Find a method, that tries to predict the future (so no lagging indicators.)
If your trading system is actually losing money consistently consider doing the exact opposite system. Go long instead of short and short instead of long. If you still lose money you have a breakeven system and your losses should equal spread and fees. If that is the case, go back to system development.
May the forx be with you.
-Adrian
You are entering too late. Explain your strategy and people will give you advice.
Listen to Darastonius, he is on point.
Wow, where to start. Have you ever back tested your system? What is the win/loss probabilities? Do you use stop losses, and if so, how close are they to your entry? A profitable system is a matter of risk to reward, times probability of a win. It you have a low probability of a win, they you can expect long series of losing trades. Just like gambling, even if the odds are 50/50, you can still have losing streaks of 15 in a row.
I am using below 15min charts. Using bolinger band and Stoch indiactor. When the price is touching the bottom line of the bolinger band and if stoch also showing over sell, I place buy oder and put stop loss than previos resistant levels. tp level not placing every time. when it is going to touch upper level of the bolinger band, I am going to close the trade. My trading strategy was like that. But I am fail many times. Price not going high to take a profit.
Have you been through the BabyPips school from the Tab at the top of the Page?
It’s very good.
For short term scalping you have to wait for the best set-ups.Only use demo accounts when trying out new things.
Try this system
3 Level ZZ Semafor and SSL Forex Trading Strategy | Forex Trading Strategies
but use other indicators like the RSI indicator to give you a good idea.You must follow the rules and also flick between the time frames to see the bigger picture.
Hi indika4fxtrade
this is a really interesting thread, thank you for starting it. I always make my trades using a strict trading plan. My own strategy is to follow the big economic events and to read the predictions. i almost always make my trades based on the market sentiment. My second ‘always’ is to use stops. That way, no matter how confident or underconfident i feel, there are automatic stops in place to protect my assets.
It’s all very good and well saying as an answer that you are losing your capital because you “are not trading with the big players”, and this is something that I too used to think about when I started out many years back. But the truth of the matter is that we dont know where the “big players are trading” and in all honesty “big players” don’t move the market in isolation, and they definitely dont trade like retail traders where we typically hold trades from minutes to days - they hold them for much longer and build into trades using more of a hedging tactic.
Economic news releases are what drive the overall market bias when looking at a long term approach, such as a bull or bear market, but these releases serve to be little use when trading short term as the market can and does sometimes go the opposite way to which news should theoretically effect the market. Technical analysis serves to be a better approach when looking at short term trades, for example from hours to a day or two. Also, when news releases come out, the initial fast paced “golden move” which we all dream of catching is near to impossible to catch once the news has been released as liquidity thins and move has already taken place before you can hit the trade button with your little eager fingers.
So a strategy is what is required, using either technical or news or in some cases a combination if you are looking at taking various market views given the anticipated duration of the trade in question.
A simple example which could demonstrate this is the crash in late 2008, look at GU or EU, even though price overall sank to fantastic lows, and news traders looking for a long term trade could well place a profitable short. However a short term technical trader could have also made money placing buy trades when the market occasionally pulled back before pushing to new overall lows. No matter what the market, no matter what the overall bias is, you can still be profitable by buying and selling.
i would like to ask how long you’ve been trading with real money and how long did you trade demo.
you see the problem is if you’re losing always, now is the time for you to stop trading real and start to analyze your methods. what do you look out for when you enter a trade in the first place? i would like to know that before i can help you further.
I take it as a sign of a phony when someone pretends to look at a chart and reveal who is trading how and when. “Oh, there is the fingerprints of the smart money…” Bullshix I say. They don’t know and if they did they would not be selling that info. Truth is, nobody knows. thank you for saying it.
With that, I take comfort in knowing I am not on the outside of some special informed group. The markets are where the average man can beat the so-called specialists.
-Adrian
I agree with many of the posters here. Trading of any kind is reliant on you getting a good price for an asset. So it relies on your ability to know when a market is under valued or over valued. If you are trading an asset for several years and understand some of the fundamentals that influence the asset you will know if the asset is trading cheap or expensive. Take for example Cable, trading now close to 1.5000. I believe it is getting incredibly cheap at 1.47 it is bargain, at 1.45 even more of a bargain. The UK is a G8 economy heavily underpinned by incredible asset worth, what are the chances the currency will fall below 1.4400 at a time of Growth and investment. So now I have a some kind of guage if I am long term investor.
As a short term intraday trader we will make the same judgements within our time frame. So imagine that cable was over valued at 1.5500 relative to the time people will look to sell their holding Sterling knowing many traders are piling in at the top (You). They can only sell their holding if you will buy it hence a zero sum market.
Imagine you decided to sell but waited to till cable was 1.5480, you have sold late and now are blindly hoping Cable tanks a lot more for you to realize a significant gain because of your poor entry you are likely going to have a very large risk as you will also have to challenge volatility. The key I am afraid is to make a resolute decision to sell at 1.5500 and agree if cable hits 1.5515-20 you were wrong and should accept the loss. If you are right at 1.5480 you would have been break even and at 1.5460, you can consider liquidating as people pile to sell the bottom.
This will achieve Good risk management, more improved decision making reaction, pattern recognition abilities will increase as the Neocortex learns to make more accurate predictions. You will also be less anxious as you will be in auto pilot half the time as your neural loop shortens.
Trading is practice and risk management. I think you don’t do enough of this at the moment. Correct me if I am wrong.
Good luck I hope I added some value.
Nice simple solid example emeraldroc, good advice … just a question if op is at the stage where he is ready to hear it and act on it.
Op feeling the way you do should you be trading, or would your time be better spent putting in some extra study? We have all been there, I have anyway lol
Good luck Op.
Did you test this strategy in a demo account? If so, for how long? You are using two indicators, the stochastic and B Bands, and you feel that if price touches the lower B band, it is oversold and if the stochastic agrees, its a sure thing. I would say that strategy is not a sure thing.
Did my post about probabilities, win to loss ratios, and risk to reward mean anything to you? Do you know what an ‘edge’ is? If not, you have some studying to do. If you don’t have an edge, then go to the casino, it is simpler and you will lose the same amount of money for a lot less work. Learn some basic gambling theory. The difference between investing and gambling, is the edge can be on your side in investing, but it is on the houses side in gambling, unless you card count or cheat.
I’m relatively new to forex, so pardon my question, but how do you determine a good price of a currency? Is it based on fundamentals like interest rates, changes in supply and demand?
A good price to buy is cheap, and a good price to sell is high… that’s the aim of the game.
Supply and demand moves all assets. So by familiarizing yourself with a specific asset will allow you to quickly judge whether the asset is under or overvalued. So if you like trading Sterling and it is undervalued you can buy it against any currency that is overvalued and it is really that simple. Too much analysing is just fun.
The real deal comes when you can do this.
It is magic and in this magic world your money keeps vanishing if you don’t learn how to do your magic properly 
Thanks for your all replies. Previous days I took time to study the market and develop my own strategy. I stopped trading in small time frames and not used bolinger band anymore. And always made a trend channel and used stoch to enter for trade. It is really good than previous. I entered and recovered my losses and made small losses. I was success on many trades. Then one trade gone against me. I placed big st amount and waited with hoping my analyze will correct and I will take my profit. But it was not. Again I took a loss.
I think now I have idea than on my past days. I think I have bad habit and I want advise for experts. When I am entered to the trade, and when the trade is on success, If I am feeling that this profit is enough for me I am going to close the trade. Then I am not getting my expecting profit. I always risk reward ratio as 1:1. But I am not going to close the trade like this when it is going to negative side of trade. I am sure that this will be bad. Because when I fail on one trade I may be give a loss for me and I will donate my all profit with one trade. But I want to get advise from expert traders.