Ditto Josh. 
My very first live trade was over in exactly 59 seconds with a loss.
I felt like a rabbit that had been run over with a steamroller and caught in the headlights of the bus/car/train that was pounding towards me. He heee.
How refreshingā¦a thread where you can talk openly about your losses and is not āa bunch of thrill-junkies on here posting how often and how much they are winningāā¦this is the āreal pictureā.
A trader from FF says a Phd found that 99.6% of forex traders lose long-term, that is telling the new trader, every trader, to pay attention to feelings, any doubt, conflict, fear, or greed is settled by money risk management, manage the risk not the reward, manage the reward by managing the risk, truth-test, how much can a trader afford to lose considering all assets, including liabilities and dependents, and bearing in mind the above statistic, it can easily all be lost.
Thanks Sweet Pip
There is absolutely no point in trying to fudge the truth. If you do, to whom are you really lying to?
Its better to be honest with oneself otherwise you will have a distorted picture of reality and end up being more disillusioned as a consequence. Which in turn will lead to blaming any and every thing other than looking at what you are doing wrong.
Yes my hands still shake on occasions when placing trades
Sometimes its very difficult to sleep and keep hopping out of bed to have a quick look
When trades go counter to how I have predicted they will go I get very nervous
Frequently end up kicking myself because I have done the analysis seen where I think the trade will go and procrastinated so much the trade has not been placed only to full fill my original expectations.
Sometimes I wonder why I am able to see trades and struggle to act upon them.
This is all tied in with the fear of getting in wrong, the doubts that I have read the charts correctly and the conflicts this cause within.
The only statistic that a forex trader needs to worry about is % return on their trading as every other statistic (especially the one of % who lose) is unproven and made up.
[I]jgray110: A trader from FF says a Phd found that 99.6% of forex traders lose long-term, that is telling the new trader, every trader, to pay attention to feelings, any doubt, conflict, fear, or greed is settled by money risk management, manage the risk not the reward, manage the reward by managing the risk, truth-test, how much can a trader afford to lose considering all assets, including liabilities and dependents, and bearing in mind the above statistic, it can easily all be lost.[/I]
[I]mrchilled: The only statistic that a forex trader needs to [B]worry[/B] about is % return on their trading as every other statistic (especially the one of % who lose) is unproven and made up.[/I]
Mr. Chilled, Yourāe damn right, [B]Worry[/B] is an emotion that is also settled by risk management for us [B]outsiders[/B], positive % return for most of us [B]outsiders[/B] is very difficult because we have more obstacles than you guys, we have retail not wholesale. I am [B]not[/B] saying donāt trade, I am saying [B]1. manage the risk not the reward[/B], 2. manage the reward by managing the risk, 3. Loop: repeat 1 and 2.
This is from the standard live compliance form (Broker name provided on your request), WHEN YOU SELL, [B]THE DEALER IS THE BUYER[/B]. WHEN YOU BUY, [B]THE DEALER IS THE SELLER[/B]. As a result, when you lose money trading, your dealer is [B]making money[/B] on such trades, [B]in addition to[/B] any fees, commissions, or spreads the dealer may charge. And from the same form:
QUARTERLY RETAIL FOREX CUSTOMER ACCOUNT DISCLOSURE
Quarter Total Non-Discretionary Accounts % of Profitable Accounts % of Non-Profitable Accounts
4th Quarter-2009 35828 34.69% 65.31%
1st Quarter-2010 34947 28.62% 71.38%
2nd Quarter-2010 9053 31.24% 68.76%
3rd Quarter-2010 8544 30.96% 69.04%
This is from the compliance form the broker had me sign. This is fact. [B]65 to 70% of traders lose[/B]. By my definition, traders who lose are [B]outsiders[/B]. We canāt afford to fold our arms behind our back like you. Most of the people I work with are not even trading. They are struggling to make a living for their families.
Sounds to me like lake of confidence in your strategy, or even worst not having a strategy.
Whenever I lose, I wonāt show any infantile reactions. I can be encouraged by a good trade, but I wonāt be discouraged by a bad trade. Some others may abandon this way of life, but I wonāt. Peopleā negative thoughts and comments on trading arenāt a headache to me. The outside world is very hard ā harder than we may think. Iāll let go of the past and look forward to a brighter tomorrow. Trading is my niche; Iām comfortable with it. If you invest the time in becoming an expert then the financial reward can be huge. Iāll continue following the simple time-tested winning strategies. What benefits can you derive from an excellent speculation strategy if you fail to stick to it consistently irrespective of alternative winning and losing streaks?
I think that most of statistics of winners vs losers arenāt very reliable, because the people that win are just a few but they win big money with premium accounts and the ones that loose are many but they loose with mini or even micro accounts, there also are a lot of scamers in the market where people loose money but they are not in statistics;
so everybody just take extra care, this job is hard
If we have analyzed the market before taking up the trade then there is no question of being doubtful because we are prepared for the trading and when no doubt there is no fear and conflict in mind.
yup, the guys who usually win consistently tend to be with deep pockets. They have gotten to that level through consistency though. No magic ā¦ just raw work, trying things, strategies, systems ā¦ then ultimately landing @ one that works. Even then smart traders diversify a bit in various asset classes. They know a ārandomā statement by some central banker or a āair-strikeā can disrupt their trading heavily.
If we have good knowledge regarding the forex market and able to manage the account efficiently then for sure we can eliminate all of these out of our mind.
Doubt creates fear and uncertainty, which might affect your trading which is not good at all. Having good vibes helps a lot, if your not feeling well then donāt trade at all.
What I sometimes do whan I open a trade, is set the alarm clock to 5 minutes and minimize MT4 to learn not to think and mind about every tick movement after I opened a trade. When I opened my first trade, my heart beated faster. Now, Iām more calm but the alarm clock method is still good for me. 
this is a very good method, too bad I canāt use it, or I didnāt know about it; Iām always stuck to my monitor and do bad things; I think itās better to take decisions, enter the trade and let the transaction go, instead of adjusting it due to market change;
In beiginning we are more inthese feelings of fear and doubt. Gradually we know market nature . We learn to take risk . I wouls suggest to take small risk they will make you confident when you will be in low loss and get small profits. Youwill end your doubts as making good profits.
When Iām in doubt, the solution is very simple: I get out because you can always get back in. I wonāt trade what Iām not convinced of. I get the hell out because I want to save my money and go on to the next trade.
I completely agree. If you have doubts itās better not to trade at all. Iād rather not profit anything than lose money.
Mark Douglas said, "Most often, traders have four fears. Thereās the fear of being wrong, the fear of losing money, the fear of missing out and the fear of leaving money on the table. I found that basically, those four fears accounted for probably 90% to 95% of the trading errors that we make. Letās put it this way: If you can recognize opportunity, whatās going to prevent you from executing your trades properly? Your fear. Your fears immobilize you. Your fears distort your perception of market information in ways that donāt allow you to utilize what you know.ā
Mark Douglas also said something about becoming a runner :37: ā¦it didnāt help my trading at all:58: