Unbelievable! I used to learn technical analysis a half part of my day during 1 year and now, just have a some knowledge that help me make no more then 5% monthly (sometimes:-) ).
How this young person have so good lucky. Congratulations, mate!!! 
However, I suppose that this is just one brilliant trader for billion.
But practically we cannot come out from same mistake, for that reason we can’t avoid loses.
It depends on your trading attitude , if you practice more and more in demo and trade with that experience in live of course there is a possibility to come out same mistake.
Indeed loss sometime inevitable, but in trading we also need skill not only relying with luck, if any trader already having good skill hence will often getting luck in trading, but to make sharp trading skill, also need more practice with more experience hopefully will getting more valuable lesson
well this is an easy one, he doesnt use any stop loss orders, he also enters in the CORRECT direction (this is #1 duh), then yes you need some patience
In Forex trading, no one can rely only on luck. If you do not have skills you can not survive the market risk.
Are u sure about this info? I suppose Michael lying a bit 
In theory it might be, yep, but i don’t believe in it cuz it’s unreal fortune…
In stead of thinking what happens to others let me let tell you that each trader is unique so as his trading requirements. So what can be your appropriate trading time may not be the proper time of others. So try to develop your own trading style with the use of proper knowledge and skills. Luck is not a big issue. Because without proper aptitude and analytical abilities you won’t be survive here for long time just by luck!
When you have good knowledge and experience, luck always works positively, it’s a really of trading. Fx market too much volatile , no way to deny but it doesn’t break at all its own trend . so the traders who have good knowledge of course they are successful.
If any trader already having good skill to analyze major trend hence trading without stop loss still possible to making profit for long term, but I think also need manual monitoring, because in fact trend market very dynamic, if likely order against the trend we can cut loss manually
the trend is a fallacy. I am a contratrend trader. the markets are always seeking equilibrium. the trend is a lie, like the stop loss (for losers).
Knowing main concepts and market dealing one can use many tools to manage his trading. Analysis and monitoring are 2 things that come to you after some experience then you can think better , avail better time . Then you can even earn in bad conditions .
Great post.
Many thanks for sharing your insights here - they’ll be particularly helpful to beginners. 
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I am not here to toot my own horn, or give away trades, but I do give some away to spark interest :Þ
the trend is a lie propigated by the banks/LPs/MMs. the nature of the markets is to return to equilibrium no matter what lies anyone tells you, or what you imagine. And the trend is not your friend! UNLESS you get in at the reversal where the trend starts 
for example I showed you here GBP/USD likely direction yesterday, yeah we had to enter a few pips down from 141.50 but no one missed it that I know :L) we already sqrd up as well.
But forget that HEH its too late to get short now, I am laughing to the bank everyday Charlie
and just so we are clear, LUCK exists no where but your MIND, not in the world does it exist, not in trading! there is also no such thing as an accident, just because you are unable to see the cause that preceeded the effect doesnt mean it was random or BAD LUCK.
The greater the skills are that you have in forex trading the easier it will be to make steady money. Forex trading is all about skill, there is no LUCK. Forex for me is very much like chess.
Thanks again, Elijah: your insight is matched only by your modesty.
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wait til I start dropping trading gems all over the place, that make people jump out of their chairs, and stop dreaming, I cant sell you what I have, I have nothing for sale but some old HP ink I couldnt use and heck at this point you can have it, brother
[quote=“rrram2, post:131, topic:75520”]
I am not here to toot my own horn, or give away trades
[/quote][quote=“rrram2, post:134, topic:75520”]
wait til I start dropping trading gems all over the place
[/quote]You’re right, Charles: his insight is matched only by his modesty (together with just an iota of confusion, perhaps?).
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In my first live account I learned that one the hard way and lost $50,000 US :>( A demo will help you to build a strategy and tweak a trade plan. As you said which is one thing new traders sometimes have a hard time understanding that there are no secret, never been done before, be the first strategies out there. Trading strategies have been tried from every different angle. Unfortunately a demo can not give you the experience of loss. To find your risk tolerance you have to trade a live account. My suggestion is deposit a little more than you can afford to lose so you really experience the pressure and the feel of the sting
Gp
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