I have been burning my accounts constantly for 2-3 years trading solely on indicators. This statement is somewhat incomplete since it doesnt containt the key sentence - without confirmation. If we have a line which we think is a resistance for ...

Is Forex trading worth it? If so, why?

I dont think in that way - I never think (and I try really really hard) where will the price go. If I notice myself doing that I usually stop trading. For me different candle patterns have different reliability. Some candle patterns are confirmation ...

Is Forex trading worth it? If so, why?

Hey guys, I've read all things you wrote regarding confirmation and here is what I meant: image Since I trade daily candles only atm, by confirmation I mean the candle pattern must fulfill perfectly and completely for me to enter. I hope ...

Is Forex trading worth it? If so, why?

Correct. Personally I had almost 2 years pause. It saved me and remade me a new trader and person. I applaud your sentence. (clap)

Is Forex trading worth it? If so, why?

These abovementioned categories should define profit target, not the trading system that's all... Trading strategy = how I trade (do I enter blindly before confirmation and then it's 50-50 also called agressive trading which is doable but only for ...

Is Forex trading worth it? If so, why?

- going short at the resistance/support without confirmation = burned account - trading at retracements without confirmation = burned account - trading the stupidest pattern in whole universe, the head and shoulders, without confirmation = burned ...

Is Forex trading worth it? If so, why?

here's the thread url

Is Forex trading worth it? If so, why?

That's not what I want to know - I want the number of dollares. 5% can be 1 million or it can be 50 billion - can be a huge difference.

Is Forex trading worth it? If so, why?

Idk...do you know what is the volume of trades in which retail traders partake each day? Does it have impact on price movement as do the large financial institutions? I cant answer that hypothesis but I suspect one thing - Japanese have invented ...

Is Forex trading worth it? If so, why?

Well I dont want to sound egoistic really - but whoever followed this thread from begining, he/she/it enjoyed it I bet...like I did too - and many good wishes were made and no hard words were spilt - it's a successful thread and it promotes the only ...

Is Forex trading worth it? If so, why?

No word is wasted if it was sincere - it's what makes life worthwhile.

Is Forex trading worth it? If so, why?

Do I know you? You probably were my wife or best friend in a life before this Thanx, I asked it with that purpose exclusively, but I didnt expect a correct answer so soon - damn! Enough trolling for one day, those piercing lines and dark cloud ...

Is Forex trading worth it? If so, why?

I always wanted to ask - what does randomness in price action or market have to do with trading?

Is Forex trading worth it? If so, why?

Well one thing I'm sure of...I got selfconfidence which I know isn't egoism (like few years ago). Since I've noticed I stopped reacting to gains/losses and have learned an amazing thing regarding brain chemistry...Did you know that brain produces ...

Is Forex trading worth it? If so, why?

Took me "only" 5 years and 15k burned USDs

Is Forex trading worth it? If so, why?

This is where I stopped reading and started countering it...he/she tested it (in live trading) for 1-2 days, had a winning streak and posted it as a "system"... "backtesting" implies it's 50-50, and with his SL size compared to profit, it's a burned ...

Tony's Two Candle trading system

I have pondered this question about controlling my emotions for 5 years...and I have never succeeded in it - not completely. But as account grows, it is definitely easier to control since you can "afford to lose" more and more with each successful ...

Is Forex trading worth it? If so, why?

Agreed.

Is Forex trading worth it? If so, why?

I suggest you don't get motivation based on other peoples' trading and especially statements. We could all be just trolls spilling wisdom here like vast majority actually is - I know it because I was one of them few years back. Try to get motivation ...

Is Forex trading worth it? If so, why?

Agreed - if system works on a certain timeframe, start practicing it on the same timeframe on other securities. Paper money is your bestest friend - I sometimes don't even look at the stock ticker I trade - I just trade it since it satisfies ...

Is Forex trading worth it? If so, why?