Thanks 
Yeah I always post my losers. You have to own your losing trades.
I also post my trades to YouTube before I enter. I do my analysis three days per week. For example this week I shared a GBP/JPY long.
I have not seen any trader posting setups to YouTube before entering. And admitting losses when the trade goes bad.
Aha, must look at that, most the fundamental guys were selling GBP, but when it comes to JPY then in comes the risk factor, and of course all the OPEC shenanigans - WTI and GBP/JPY first 4 days this week were ditto, and today itās the DB factor.
Anyways, see you in another 4 years or so
I saw a lot of people saying short GBP. Call me crazy, but I think this 130.25 post Brexit support area is too strong to break that quickly.
Same as that 1.2890 on GBP/USD, I doubt it will give up without a fight.
Letās see if price can maintain lows beyond these levels next week. Or if it pulls back up.
The Brexit play is likely more on Eur/Gbp - the DB talk pushed the Euro down early today, but that push undone on the talk of a lesser fine by the US than was first anticipated - though that story will play out in the next days.
Yen/risk and oil was a good play, but now the oil longs would need to be careful, maybe a ā fakeoutā next week hr1, Iraq and Libya could well scupper their plans - a really good week ahead.
What I meant is that GBP was crashed by Brexit, everyone was expecting a bigger dive but it pulled back up. It made a try for the low again, but it could not break it, now its at the third attempt, and everyone is wondering if its going to break. My long was based on signs that buyers were taking control at the low caused by Brexit.
I am not a huge fan of commodity trading. I am starting to look at it though.
Yeah, I am excited for next week too, I always like the first few weeks of Autumn.
Anyone here know of a good Forex forum where people new to Forex are welcome? I am looking for one.
Hi CaptPablo!
So sorry to read that you got off to a bad start here! This really isnt such a bad place and at least I would like to see you stick around and give it a good chance first. Afterall, your start has mainly been on just this thread which is not really representative of the wider range of topics that get covered here. Maybe it is worth checking around the other threads more and meeting up with some of the other positive people here.
To be honest, it is only a good thing that other posters are cautious about new posters because sites like these are good hunting grounds for the wrong types of interests, but I am sorry if you were wronged.
So, hopefully, lets laugh together and move on and apologies to the thread for my distraction here!
CP, you are very welcome here, we are all learners, even Nick, see the way he talks of commodities.
Btw, I know you mention Forex specifically, but itās all just one market.
In the earlier part of this week I was trading the S&P, but I had WTI, USD/CAD and USD/JPY on the screen - the OPEC guys were jawing and Reuters were reporting, by watching those 3 I could get a sense of the talks and the likely outcome on stocks.
Thereās a guy called Mark Douglas who wrote a book ātrading in the zoneā - for me that zone is risk, often personified by fear or greed, get to sense that risk, via whatever instrument that is prevalent at the time (e.g Deutsche Bank on Friday) and I get into the zone - itās a fantastic place.
There are two major forex forums out there, this one, and forexfactory. This one is better than forexfactory, that forum is horrible.
Hereās my late reply to NickB,
Firstly, thank you for taking your time trying to help me both on the forum and skype, I appreciate that. And yes, for free!
You should know Iām pretty sensitive and when things arenāt going as expected I tend to question if Iām doing it right.
Naturally one of the questions were if forex4noobs is even legit and because I couldnāt find much information on google, besides the refund issue thread which had those fake looking course reviews from first time posters which made me even more suspicious, I decided to necro this thread and see if thereās new information about your website. Keep in mind it happened before our first skype conversation.
Asking people to post reviews on forums is a great idea in a perfect world. Unfortunately forex is filled with scams and faking reviews is one of the easiest and most effected methods of attracting naive victims.
Another issue, which isnāt directly related to you Nick, is that I donāt know anyone irl who is successful in retail trading. Is David Druz real? Yes I do believe heās a real successful trader, but just look at his results. With many decades of experience, team of analysts and probably access to information which we as retail traders will never have, he can only pull an average 16% a year with a max drawdown of over 40%. And I donāt expect to get anywhere near as good as him. I always thought big boys donāt make much return percent wise is because they are forced to risk very little, but even with a such small risk the best traders still can experience such massive drawdowns. 40%ā¦ Jesusā¦
I was pointing out a successful trader with results that go all over the place from month to month. Not all traders trade like David Druz though, I would never been in a position that I have 40% draw down. While his results are an extreme case, they do illustrate a reality of trading. You wont be making a consistent X% per month. Some months its 30%, some months its 1%, other months itās -5%. You either need to accept that, or stop trading.
And you wont be turning Ā£2,000 into Ā£2,000,000 in a few years. That is not how it works.
You came in with very high expectations. Probably fueled by bull**** ads and scams. What you thought was Forex clearly wasnāt. This is a hard business, it takes work, patience, and a lot of perseverance. It also takes a sensible and well thought out approachā¦
And I have been nothing but honest to you about that factā¦ even to the point of stopping you from buying my course. I honestly feel like your expectations are way too high. You need to take a more realistic approach to trading.
Here is a plan for you to follow if you want to actually make a go of trading.
[B]Your Plan[/B]
I suggest you stop trading live as you are not ready for live trading. Real traders protect their capital, and you are currently losing yours by trading it before you are ready. I also suggest you create a bank account for your trading capital. You set up a monthly direct debit of whatever you can afford.
Letās say you start with $2,000 in the account. Set a direct debit of $100 a month, and stop live trading. Switch to a demo account for 3-6 months. At the end of those months you will have more trading capital for a live account, and you will be better prepared.
As for your demo trading, I suggest you take a systematic approach to demo trading.
The point of setting a 50 trade goal is to give you something to work towards. But also because 50 trades is a nice amount of data to analyse.
You should use risk management throughout this 50 trader period, keep your risk at 1% or lower. Use a position size calculator to make sure your risk is within your limit.
Your first few months of trading should not be about making profit. That is a pointless waste of time. It should be about data gathering. You need to gather data on yourself and your strategy. The data you gather is powerful, it can be analysed to figure out what you can improve.
Or you could keep doing what you are doing nowā¦ but that does not seem to be going well for you.
First of all I would like to say welcome you and then I will say that forex4noobs is the best after babypips in order to learn. It is also mentioned here that there are also several books available in order to learn forex efficiently.
Forex4noobs is great to learn price I ve been follow his strategy and it works for me. Daily time frame for life
Says [I][U]yet another[/U][/I] brand new, first-time poster.
If you actually read the whole of the thread that youāve just posted in, Janvusim, youāll see that thereās quite a bit of conversation in it about the way that Nick encourages his members to spam forums with comments like yours, and how that might be to his discredit, overall, rather than to his credit.
But welcome to the forum, anyway - I just hope youāll also have some other input here, in addition to further promoting a well-known forum-spammer. 
This thread is 4 or 5 years old, how many first time posters in that time?
I think your comment is harsh, I do not agree that he is āa well knownā spammer - the evidence on this thread doesnāt back that up, actually the opposite.
Iāve no love for spammers, but cannot see the evidence on BP, unless there is another thread.
It [B][U]is[/U][/B] harsh, yes.
I feel harshly towards forum-spammers, and even more harshly towards those like Nick who (by their own admission) encourage others to do the same. And judging by the speed with which other members āthankā such posts, thatās a [I]fairly widespread perception[/I] around here, too. Iām ājust sayingā.
Yep, agree re the spammers, still donāt see the evidence on Nick, still figure he is one of the good guys.
Itās always right to call out spammers, especially from members since the mods enjoy their sleep, but Nick is def not one of those - imo.
I can remember a guy who sells his stuff starting up a dedicated thread, allowed by the mods, on the Island - you were not allowed to link outside of the thread, he was into yoga, cant remember his name, he was offering āfreeā help so was permitted to continue for 100ās of posts.
Now thatās spamming how it should be done
Hi Nick:
When will you show your MyFxBook?
I am very interested.
Very few forex educators, mentors, trading-roomer have shown their verified accounts (I know only 5; two of them deleted their account; one stop updating it few months ago).
If you show your MyFxBook with consistent good performance, you will gain great reputation.
Thanks!
With all due respect lexys you are a pompous. Does your lofty āhonorary fx menā status really give you the right to pass judgement on every lowly newbie who dares to tread on the hallowed ground of the āhonorary fx menā. Who gives what you think you narcissistic Richard cranium.
And as far as petermaās demad for account dataā¦I think Nick should show his account when BP shows itās annoying ad revenue receipts. What is the difference. I rue the day I revisited this forum just to see you lexys flaming another newbie like you did me.
Just for the recordā¦ I never paid Nick a dime. I learned a lot from his free stuff online but in the end I went another direction. And I could care less if the fx men here believe that or not.
lets see your fx book peterma!!
Ćhmā¦what the hell is a fx book? :47:
Everyone is speaking aboutā¦give me your fx bookā¦show me your fx bookā¦i have the super pimp fx bookā¦can someone explain fast?
About the topicā¦to bad its turning into a flame thread where everyone looks like fighting everyone.
Wish you all good Pips.
Rosi
