Why forex would be hard?

Trading Discussion
1

Hi guys and gals,

I have been thinking. Why most of traders will fail? Yes, over trading, risk management, no commitmenr to trading system etc etc. We all are familiar with these, I hope at least.

Why following set up wouldn’t work?

  1. We take proven trading system that gives you 7 - 8 from 10 winning trades. If we don’t trust to our selves, we use forex signal service (learn2trade, pipcrawler etc). Many of them have a good proven history and are available for free if one uses recommended broker.

  2. we fund our account properly, at least 10.000 usd/eur

  3. we only take recommended trades

  4. we use small leverage (1:30) and risk maximum 2 % of the account

  5. Weekly trades vary between 10-25 (no over trading)

  6. We use only reliable brokers.

  7. Risk reward ratio at least 1:1,5

So, tell me. Where can we fail?

2

Because in reality each trade is unique.

1 Like
3

Human emotions maybe? And your system… you said it guarantees winners? I’ll take some of that!

Do you have all of this already?

4

Well, trading system is really not the problem. Google will help you find several good strategies, telegram seems today be the “thing” -or is it?

Many provide free telegram channels and by small monthly fee (or using recomended brokes) vip group. By googling one can easily check backgrounds for these kind of service providers

5

In reality, winning trade ratio is superflous, it’s making more profits from winning trades than losses from losing trades. Which only a small percentage of traders can do.

6

Hmmm. :thinking: Googling strategies may be easy cause there are lots available online. :open_mouth: But that’s what makes it hard too. Trying to find the strategy that perfectly fits your personality, lifestyle, risk appetite etc, can be a time-consuming challenge. :thinking: