No special powers needed for trading. You can be wrong 50% of the time (or more) and still make good money.

Here's the answer to "Can I make a living from forex"

This isn't really about Forex at all. As with everything else in life, there are the can do's and can't do's. Many can't do's get all bitter watching others succeed.

Here's the answer to "Can I make a living from forex"

Ohh, this is getting interesting! Ok, I am not in the position to take up that challenge...YET. I have had positive months every month this year (between 200 and 1300pips a month) with the exception of July which was -250, so yes, with more ...

Here's the answer to "Can I make a living from forex"

Trade only in the direction of the daily. If you draw trend lines from the same points on a chart, they should be the same whatever the timeframe. You are only zooming in when on a smaller timeframe.

I'm trading H1 TF. Which other frames should I watch?

You shouldn't take much notice of what you earn on a daily basis or even on a weekly basis. That would be putting a lot of pressure on yourself. I think you should aim for positive months instead.

Here's the answer to "Can I make a living from forex"

file file This has trail by high / low of last candle by x pips.

Simple trade manager needed

I notice the first 2 accounts are now -37.5% and -16.5% respectively and the 3rd is now -55.2%. I think a few days ago the first 2 accounts were something like -25% and -11%. So he's losing heavily on the other 2 as well. As the lot sizes are the ...

Ouch! Trader carrying heavy losses

Why don't you offer to trade his account for him for a slice of the profits?

Ouch! Trader carrying heavy losses

I think GU is almost ripe for a short. Resisted the 50 fib level several times on H4.

Why are most of the traders here failures?

AUD is gaining strength and USD is strong at the moment, therefore it's likely to be choppy.

Why are most of the traders here failures?

I see higher PF equating to higher confidence. Higher confidence means less stress and you can trade a larger account and hence more $. You have a SL/TP of 30/45 on M5? I don't have a much higher SL/TP and I trade H4 though I do use M15 for entries ...

Why are most of the traders here failures?

You should have a darn good PF then. Mine is around 2; I'm desperate to get it above 3. Got to lose the losers.

Why are most of the traders here failures?

I do the complete opposite to you; I trade higher TF's with around 1:1 R:R. Slowly slowly catchy monkey...

Why are most of the traders here failures?

Believe in yourself One step at a time. Have a long term goal, then focus on the detail. I see you trade M1? That's admirable. You must know what you're doing.

Why are most of the traders here failures?

I am saying that if you double a $1000 account ten times, you will have made a million. I said therefore you don't need to remortgage the house to fund your account, because it will soon grow into something meaningful. You can always feed your ...

Why are most of the traders here failures?

Hear hear.

Traded three years - Not profitable

Discipline is probably the most important thing. To me that is a huge challenge because naturally I am not a rule follower - I'm the one who drives the wrong way down a one way street... can't shake off that rebellious teenage phase, lol! (though I ...

Why are most of the traders here failures?

Boredom, impatience, optimism. Let's face it, we start trading Forex because we are either optimistic we can beat the biggest market in the world, or we're stupid. Optimism - hoping the trade will fit the strategy, bending the rules... yes been ...

Why are most of the traders here failures?

Yes, what I have found that is working best for me is incredibly boring. I can watch the charts for days doing nothing, just waiting for that perfect setup. Previously I have tested the boundaries, just because I was bored. Sounds like a pretty dumb ...

Why are most of the traders here failures?

I wonder what the $ are for the first 2 accounts, being -25% and -11% respectively. For all we know they could be 250k accounts too

Ouch! Trader carrying heavy losses