Histórias de falha de forex

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Como me tornei um comerciante de meio período bem-sucedido.
Introdução.
Eu sou Joe Chalhoub, engenheiro de computação, comerciante de Forex e construtor de estratégia. Comecei a negociar moedas há 3 anos. Os primeiros 3 meses de negociação foram fracasso completo, lembro-me que perdi todo o meu dinheiro e estava prestes a desistir, mas não consegui, senti que se desistisse agora talvez estivesse a perder a oportunidade de ter o meu próprio negócio. Então parei de negociar e comecei a observar, estudar, analisar e praticar.
Observando: Comecei a observar o mercado, o que causa movimento, reação, alcance e negociação.
Analisando: comecei a trabalhar com análise técnica e fundamental; como cada análise pode prever e redirecionar o mercado e como posso usá-los para meu próprio benefício. Vou falar sobre essas análises no parágrafo seguinte.
Leitura: Comprei livros de negociação Forex e os li, livros explicando diferentes estratégias e táticas usadas por traders experientes.
Praticar: criei contas gratuitas e comecei a negociar virtualmente e cada técnica que inventei tentei e monitorei seu desempenho e validade.
Depois de um ano de estudos, análise e pratica de técnicas de negociação e depois de muitos fracassos e frustrações, cheguei à minha própria estratégia e está funcionando muito bem e a cada mês meu lucro é positivo.
Implementação.
Eu alcancei meus objetivos e construí uma estratégia de sucesso, mas isso não é suficiente; para lucrar não posso perder nenhuma oportunidade e o mercado Forex está cheio de oportunidades porque é o mercado mais ativo do mundo, por isso tenho que sentar o tempo todo e observar e detectar oportunidades durante todo o dia, de segunda a sexta-feira.
Como resolver esse problema, não posso sentar e observar as horas e horas de mercado, tenho minha carreira e minha família, então pensei em programar minha estratégia, deixar a Tecnologia da Informação fazer o trabalho árduo para mim, e ninguém é disciplina como um software, então eu criei um software inteligente artificial que coleta dados do mercado e implemento minha estratégia sobre esses dados e detecto oportunidades 24/5.
Este programa analisa dados fundamentais e técnicos e gera sinais de Forex que são encaminhados automaticamente para a minha plataforma de corretores, onde os sinais são executados automaticamente e encaminhados também para os membros do meu site. Tudo isso é feito sem a minha interferência, apenas corro o programa, analiso e toma suas decisões (compra, venda ou ficar de fora).
Como ter sucesso na negociação Forex.
Cinco mais de cem comerciantes são bem sucedidos neste negócio, o que diferencia os cinco bem sucedidos dos outros 95 é uma coisa, é o TRABALHO DURO. Forex trading não é um negócio fácil, e quem lhe diz que ele pode torná-lo rico em uma noite é um daqueles 95. Apenas uma coisa pode fazer de você um trader bem-sucedido, HARD WORK, e nada mais. Não confie em outros comerciantes ou consultores para ajudá-lo, confiar e ter confiança em si mesmo.
Não comece a negociar rapidamente, o mercado Forex não irá a lugar nenhum, ficará para sempre, dê a si mesmo de 6 a 12 meses de estudos, análises, leituras, práticas e construa sua própria estratégia antes de começar a negociação real, levará muito tempo e dedicação, mas no final você alcançará seu alvo.
Não revelarei minha estratégia completa, mas revelarei algumas técnicas que uso para ajudar os operadores em suas negociações.
Minha estratégia segue as seguintes dicas e técnicas:
1 & mdash; Disciplina: Coloque critérios para seus negócios, observe o mercado e negocie somente quando os critérios forem atendidos, se eles não forem atendidos, não negocie. Meu programa é o mais disciplinado comerciante, cuida de tudo isso, monitora o mercado e só negocia se critérios forem atendidos, e a segunda vantagem disso é a eliminação do fator medo, entra em uma negociação quando se vê é bom entrar e não temer nada.
2 & mdash; Gerenciamento de dinheiro: É a chave principal para uma boa negociação, eu saio de todos os negócios e paro de negociar por um dia específico se eu perder -60 pips, por outro lado eu ponho stop loss para meus negócios se eu atingir 25 pips de lucro, em Nesse caso, o lucro não será inferior a +25 pips e terá um alvo aberto, e tudo o que tenho a fazer é sair e me divertir.
3 & mdash; Sem negociações por enquanto: A coisa mais importante na negociação é às vezes não negociar, eu tomo essa decisão depois de olhar para os meus gráficos e ver que não há volatilidade suficiente ou não há relatórios suficientes para hoje e é melhor espere até que o mercado esteja mais volátil. Eu aconselho os traders a não negociarem durante os primeiros dias do mês, pessoalmente eu começo a negociar na primeira sexta-feira do mês, quando as "folhas de pagamento não agrícolas" relatório será lançado.
4 & mdash; Análise: uso análises fundamentais e técnicas durante a negociação. Fundamental define a tendência do mercado e a análise técnica é utilizada após a definição da tendência. Troco as notícias analisando programaticamente os dados divulgados para um relatório específico e gero sinais que são executados imediatamente na plataforma de negociação e encaminhados simultaneamente aos meus membros.
A análise fundamental e técnica deve ser usada em conjunto, se uma for usada sem a outra, isso levará ao fracasso.
5 & ​​mdash; Indicadores técnicos: No mercado Forex, há muitos indicadores usados ​​por muitos traders. Eu uso ADX, Bollinger Bands para identificar tendências e volatilidade; RSI para identificar uma média de sobrecompra ou sobrevenda e média móvel para identificar um sinal. E a tecnologia mais importante é a FIBONACCI, aconselho os traders a implementarem essa tecnologia e a usarem para confirmar negócios.
Finalmente, devo dizer que o Forex não é fácil, e muitas vezes sentimos que alguém está fazendo uma conspiração para tirar nosso dinheiro, mas a verdade é que nada é impossível, e outros comerciantes bem-sucedidos não são mais inteligentes do que nós e são Não é gênio de outro planeta, o fato é que quanto mais você trabalha, mais você se torna mais próximo para se tornar um bom comerciante. Não saia rapidamente porque este negócio merece trabalho duro e dedicação.
Por Joe Chalhoub.
Se você deseja receber notícias das atualizações mais recentes dos nossos guias ou de qualquer outra coisa relacionada ao comércio de Forex, você pode se inscrever em nosso boletim informativo mensal.

Top Razões Forex Traders Fail.
O mercado forex é o maior e mais acessível mercado financeiro do mundo, mas embora haja muitos investidores forex, poucos são verdadeiramente bem-sucedidos. Muitos traders falham pelas mesmas razões que os investidores falham em outras classes de ativos. Além disso, a quantidade extrema de alavancagem - o uso de capital emprestado para aumentar o potencial retorno de investimentos - fornecido pelo mercado, e os montantes relativamente pequenos de margem exigidos ao negociar moedas, impedem os traders de fazer inúmeros erros de baixo risco. . Fatores específicos de negociação de moedas podem fazer com que alguns traders esperem maiores retornos de investimento do que o mercado pode oferecer consistentemente, ou correr mais riscos do que quando negociariam em outros mercados.
Perigos de negociação no mercado Forex.
Certos erros podem impedir os comerciantes de atingir seus objetivos de investimento. A seguir estão algumas das armadilhas comuns que podem flagelar os comerciantes forex:
Não Mantendo a Disciplina Comercial.
O maior erro que qualquer operador pode cometer é deixar que as emoções controlem as decisões de negociação. Tornar-se um comerciante forex de sucesso significa conseguir algumas grandes vitórias enquanto sofre perdas muito menores. Experimentar muitas perdas consecutivas é difícil de lidar emocionalmente e pode testar a paciência e a confiança de um profissional. Tentar bater o mercado ou ceder ao medo e à ganância pode levar ao corte de vencedores e deixar que os negócios perdidos saiam do controle. A conquista da emoção é alcançada pela negociação dentro de um plano de negociação bem construído que ajuda a manter a disciplina de negociação. Negociação sem um plano.
Quer se trate de forex ou qualquer outra classe de ativos, o primeiro passo para alcançar o sucesso é criar e seguir um plano de negociação. "Falhar em planejar está planejando falhar" é um ditado que vale para qualquer tipo de negociação. O profissional bem-sucedido trabalha dentro de um plano documentado que inclui regras de gerenciamento de risco e especifica o retorno esperado do investimento (ROI). Aderir a um plano estratégico de negociação pode ajudar os investidores a escapar de algumas das armadilhas mais comuns de negociação; Se você não tem um plano, você está vendendo a si mesmo curto no que você pode realizar no mercado forex. Deixar de se adaptar ao mercado.
Antes mesmo de o mercado abrir, você deve criar um plano para cada negociação. Realizar análises de cenários e planejar os movimentos e contra-ataques para cada situação potencial do mercado pode reduzir significativamente o risco de perdas grandes e inesperadas. À medida que o mercado muda, apresenta novas oportunidades e riscos. Nenhuma panacéia ou "sistema" infalível pode prevalecer persistentemente a longo prazo. Os traders mais bem sucedidos se adaptam às mudanças do mercado e modificam suas estratégias para se adequarem a elas. Comerciantes bem-sucedidos planejam eventos de baixa probabilidade e raramente são surpreendidos caso ocorram. Através de um processo de educação e adaptação, eles ficam à frente do grupo e continuamente encontram maneiras novas e criativas de lucrar com o mercado em evolução.
Sem dúvida, a maneira mais cara de aprender a negociar os mercados de câmbio é por meio de tentativa e erro. Descobrir as estratégias de negociação apropriadas aprendendo com seus erros não é uma maneira eficiente de negociar qualquer mercado. Como o forex é consideravelmente diferente do mercado de ações, a probabilidade de novos operadores sustentarem perdas paralisantes é alta. A maneira mais eficiente de se tornar um operador de câmbio de sucesso é acessar a experiência de traders bem-sucedidos. Isso pode ser feito por meio de uma educação comercial formal ou por meio de um relacionamento de mentor com alguém que tenha um histórico notável. Uma das melhores maneiras de aperfeiçoar suas habilidades é fazer sombra a um profissional bem-sucedido, especialmente quando você adiciona horas de prática sozinho.
Não importa o que alguém diga, negociar forex não é um esquema de enriquecimento rápido. Tornar-se proficiente o suficiente para acumular lucros não é um sprint - é uma maratona. O sucesso requer esforços recorrentes para dominar as estratégias envolvidas. Balançar para as cercas ou tentar forçar o mercado a fornecer retornos anormais geralmente resulta em investidores arriscando mais capital do que o garantido pelos lucros potenciais. Negar a disciplina comercial para apostar em ganhos irrealistas significa abandonar as regras de gerenciamento de risco e dinheiro que são projetadas para evitar o remorso do mercado.
Os comerciantes devem focar tanto no gerenciamento de riscos quanto no desenvolvimento de estratégias. Alguns indivíduos ingênuos vão negociar sem proteção e se absterão de usar stop loss e táticas similares com medo de serem impedidos de chegar cedo demais. A qualquer momento, os comerciantes bem-sucedidos sabem exatamente quanto do seu capital de investimento está em risco e estão convencidos de que é apropriado em relação aos benefícios projetados. À medida que a conta de negociação se torna maior, a preservação de capital se torna mais importante. A diversificação entre estratégias de negociação e pares de moedas, em conjunto com o dimensionamento de posição apropriado, pode isolar uma conta de negociação de perdas não corrigíveis. Comerciantes superiores segmentarão suas contas em tranches separadas de risco / retorno, onde apenas uma pequena parte de sua conta é usada para negócios de alto risco e o saldo é negociado de forma conservadora. Esse tipo de estratégia de alocação de ativos também garantirá que eventos de baixa probabilidade e negociações com problemas não possam devastar a conta de negociação.
Embora esses erros possam afligir todos os tipos de traders e investidores, as questões inerentes ao mercado forex podem aumentar significativamente os riscos de negociação. A quantidade significativa de alavancagem financeira oferecida aos comerciantes forex apresenta risco adicional que deve ser gerenciado.
Alavancagem fornece aos comerciantes uma oportunidade para melhorar os retornos. Mas a alavancagem e o risco financeiro proporcional é uma faca de dois gumes que amplifica a desvantagem tanto quanto aumenta os ganhos potenciais. O mercado forex permite que os investidores alavanquem suas contas em até 400: 1, o que pode levar a ganhos comerciais maciços em alguns casos - e explicar as perdas paralisantes em outros. O mercado permite que os operadores usem grandes quantidades de risco financeiro, mas em muitos casos é do interesse do profissional limitar a quantidade de alavancagem utilizada.
A maioria dos traders profissionais usa alavancagem de 2: 1 negociando um lote padrão (US $ 100.000) para cada US $ 50.000 em suas contas de negociação. Isso coincide com um mini lote (US $ 10.000) para cada US $ 5.000 e um lote de micro (US $ 1.000) para cada US $ 500 de valor da conta. A quantidade de alavancagem disponível vem da quantidade de margem que os corretores exigem para cada negociação. A margem é simplesmente um depósito de boa fé que você faz para isolar o corretor de possíveis perdas em uma negociação. O banco agrupa os depósitos de margem em um depósito de margem muito grande que utiliza para fazer negociações no mercado interbancário. Qualquer um que já teve um negócio vai muito mal sabe sobre a chamada de margem terrível, onde os corretores exigem depósitos em dinheiro adicionais; se não os conseguirem, venderão a posição com prejuízo para mitigar perdas adicionais ou recuperar seu capital.
Muitos corretores de forex exigem vários montantes de margem, o que se traduz nas seguintes taxas de alavancagem populares:

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História de Sucesso de um Trader Forex em Part Time.
Um novo artigo Forex foi adicionado à minha coleção hoje. Ouvir outra história de sucesso do comerciante Forex pode ser tão antigo para algumas pessoas quanto motivador para os outros. Eu acho que este será pelo menos útil para muitos comerciantes de Forex. Comerciantes de Forex experientes e profissionais podem dizer que o comércio de Forex a tempo parcial não pode ser bom e que lhe faltará sempre o controlo total do mercado e a consciência. Sim, eu concordo com eles até certo ponto, mas ainda assim, o comércio a tempo parcial continua a ser a única opção para muitos iniciantes em Forex (e não apenas iniciantes, mas não profissionais). Então aqui está:
Posts relacionados:
16 Responses to & # 8220; História de sucesso de um comerciante de Forex a tempo parcial & # 8221;
Foi uma boa leitura, obrigado, gostaria de trocar links comigo? Eu postei recentemente algumas coisas sobre forex no meu blog, você poderia dar uma olhada? Obrigado.
Este site é apenas mais um golpe BULLSHIT & # 8230 ;. Que artigo manco.
Dia ruim no trabalho?
Era verdade e útil e há tantos mais que temos que aprender a ter sucesso!
. Soa como o balbuciar regado de um perdedor de FX. BS está no local.
BS, 100% concordam, paz de shi *
Eu não sei como consegui ganhar consistentemente, mas eu sei que para começar apenas básico forex, algum tempo succes mas um dia não é bom para o comércio,
No forex, não importa o quão técnico você está usando ou estratégias, alguns como o que acontece é no final tão grande perda em vez de tentar crescer um lucro em forex buisnes & # 8230; apenas em 6 meses,
Isso significa que ainda é muito difícil obter fortuna real, eu nunca vi pessoas neste mundo ficarem muito ricas em forex, isso era verdade?
23 de setembro de 2010 às 02h59.
Preparando-se para iniciar minha segunda conta. Primeiro um bombardeado. Você tem que ter muito cuidado com as negociações e o mais importante é saber quando não negociar. Eu sempre negocio a curto prazo & # 8220; menos de um dia & # 8221; agora e sempre negociar a tendência do mercado específico para a semana. Assim, pelo menos, costumo travar mesmo. Em uma semana em um treino de 50k, consegui subir para 60k. Isso é sem parar e assistir o dia todo. Você também sabe quando esperar e quando cortar. É um mercado muito difícil, mas tenho a sensação de que estou caindo. 10k por semana é um bom salário também eu. Espero que eu possa mantê-lo quando é real. Fique atento ao meu nome nas notícias. Ou não. Nós veremos Muhahahaha.
25 de setembro de 2010 às 13:57.
Tech "você diz trading sem paradas" Não é de se admirar que sua primeira conta tenha sido bombardeada:
Proteja sua conta a todo custo!
Não é divertido não poder visitar o banheiro, a cozinha ou simplesmente curtir a vida como resultado de TIVER assistir aos seus gráficos?
Estive assistindo minhas paradas. Eu comecei a colocá-los em cerca de 50 pips stop loss da minha posição atual. O mais importante é que não vou poder financiar uma conta de 50k. Eu vou usar a prática por alguns meses primeiro. E a margem é o que você recebe em contas menores. Minha primeira conta realmente explodiu porque eu coloquei uma compra automática no lugar errado e estava dormindo quando ela comprou. Eu não entendi bem o software e foi um acidente completo. Pratice faz quase perfeito eu digo. Eu estava na minha primeira conta com 250% do meu saldo inicial em um mês. Apenas esse erro me matou. Eu definitivamente não estou jogando dinheiro fora, mas posso perder ethier embora. Boa sorte a todos.
Alguém que eu conheço começou a negociar, mas perdeu tudo, então ele tentou treinar em contas de demonstração, ele treinou para obter seu depósito inicial & # 8220; & # 8221; x5 e fez isso 3 vezes por linha & # 8230;
Soa muito difícil e leva muito tempo, mas ele aprendeu muito,
agora ele é bem lucrativo :)
06 de agosto de 2011 às 16:52.
Obter 500% no depósito inicial é um sucesso!
no meu terceiro ano de negociação, perdi pouco mais de $ 2k no primeiro ano, mostrei um lucro de $ 3k no segundo ano e até mesmo para 2011. Eu tenho pouco mais de $ 65k na linha diariamente. Tenho posições de longo prazo que mantive e continuo adicionando no AUD / JPY e no CAD / JPY desde 2009 e 2010. Meu objetivo é acumular tantas posições no AUD, CAD e NZD em relação ao JPY quanto possível um avg & lt; 83 e mantenha até atingir 105.
Eu fui marginalizado, segurando minhas bolas, rezando e chorando ao mesmo tempo e, em seguida, rindo na histeria como um ganho de $ 12k no dia!
forex-heroína para viciados em jogo!
05 de dezembro de 2011 às 7:34 am.
É uma boa paciência, senhor!
Obrigado pelo link, eu nunca teria pensado que havia negociação forex acontecendo em Beruit!
É certamente possível ser rentável no mercado forex! Apenas fique atento aos padrões e hábitos comerciais que mudam muito, muito regularmente, então esteja preparado para adaptar sua estratégia a isso. Eu pessoalmente usei FANN (biblioteca para implementar sua própria rede neural treinada para reconhecer quaisquer padrões que você queira reconhecer) e a expandi para ser usada em árvores de redes neurais flexíveis. Eu treino (automaticamente) um novo completo a cada duas semanas para que minha rede esteja atualizada com o mercado e com os novos hábitos comerciais. Eu também programo meu próprio gerenciamento de risco para limitar minha exposição em um nível comercial, mas também em um nível de equilíbrio. E muitas outras coisas legais. Eu negocio com os lucros. Este ano (2012) iniciei uma nova conta de 500 € que atingiu 680000 € no final de março (menos de 3 meses !!). Devido ao tamanho de lote máximo de 99, a curva de capital não é mais parabólica, mas se endireita, mas continua subindo. Atualmente, estou programando tudo isso em um produto que pode ser enviado e quero vendê-lo para todos. Eu faço isso para combater o 1 por cento drenando seus bancos (um pouco) com muitas e muitas pessoas e & # 8230; tornar-se ainda mais rico de todas as comissões & # 8230; Claro;) Boa sorte para todos vocês encontrarem sua estratégia! Há mais de uma maneira de fazer isso! Os fracassos levam ao sucesso (Edison), simplesmente não desista, eu levei mais de 4 anos para obtê-lo neste nível. O suficiente por enquanto, espero fazer todos vocês ricos no próximo ano!

Histórias de falha de Forex
Тот вопрос задают себе миллионы людей. Основная причина, почему трейдеры стремятся покорить знаменитый рынок Форекс - желание разбогатеть. У многих сложилось не правильное мнение о том, что Форекс - это опасная игра и нет тех самых реальных миллионеров, которые построили свое состояние только на Форекс. С этим нельзя не согласиться. Действительно, нет таких, которые заработали только на Форексе, но есть те, кто сумел увеличить свое состояние в десятки раз благодаря самодисциплине, целеустремленности, неотступности, желанию расти, развиваться и Форексу. Сегодня много людей пытаются найти наиболее успешных, ïî их мнению, трейдеров и следовать их стратегии, но последних, на первый взгляд, совсем не много. Неужели успешных трейдеров так мало, а истории о миллионерах Форекс - всего лишь красивые легенды? Все в нашей жизни является относительным, и если мы чего-то не знаем, то не означает, что этого нет. Em primeiro lugar, por exemplo, o que há de melhor em. Наете ли вы, кто из них является миллионером? Скорее всего не знаете и не узнаете, потому что люди стараются умалчивать информацию о личном благосостсянии, и это вполне естественно. Ситуация с миллионерами Форекс абсолютно аналогична. Те люди, которые заработали большое состояние в этой индустрии не распространяют о себе эту информацию на различных форумах и блогах, они больше озадачены вопросом, как закрепить и улучшить полученный результат. Как правило, на этих самых форумах обитают и пишут негативные отзывы те, которые потерпели неудачу. Отсюда складывается мнение, что тех самых миллионеров вовсе нет. Новичкам Форекса важно помнить: не стоит публиковать реальные данные о своей прибыли. Вы будите удивлены, сколько человек жаждут узнать реальную заработную плату успешного трейдера. Пожалуй, весь мир хотел бы увидеть этого человека, изучить секрет его успеха и добиться аналогичных результатов.
Ключевым моментом также является правильное понимание торговли на Форексе. A seguinte forma é uma maneira de dizer: ем место для заключения пари. Как в любом другом бизнесе, ваши результаты зависят от целеустремленности и усердия. Профессиональный трейдер может зарабатывать приличные деньги, если он не будет очень жадным. Вы удивитесь, но именно жадность является основным источником неудач большинства участников рынка Форекс. Грамотно контролируя свои эмоции, умный трейдер может зарабатывать куда больше, чем любой офисный сотрудник среднего звена. Являясь новичком рынка, вы можете начать зарабатывать всего с 2000 долларов, но уже через год ваш доход составит 20000 долларов в год, и вы сможете считать себя успешным. Главное - начать. Первые навыки торговли можно получить используя демо-счет, таким образом вы не рискуйте потерять свои деньги.
Как и в любой другой сфере бизнеса, в индустрии Форекс есть свои выдающиеся личности, имена которых знает весь мир. Несколько ярких примеров: людей, которые добились ошеломительных результатов и являются миллионерами. Они прославились благодаря своей находчивости, трудолюбию и высокому уровню самодисциплины. Пусть эти примеры послужат вам дополнительным источником оптимизма и желания двигаться вперед, ведь без этого успех не возможен!
На валютном рынке наиболее успешным трейдером является Джордж Сорос. Карьера Джорджа началась с основания em 1969г. фонда Quantum на Кюрасао (острова архипелаге Малых Антильских островов в Вест-Индии). Quantа время своего существования фонд Quantum провел большое число успешных операций на валютном рынке. Джордж Сорос - человек, который «сломал Банк Англии» - показал насколько центральные банки могут быть уязвимыми перед валютными спекуляциями крупных инвесторов в условиях искусственно удерживаемых курсов валют. Использование заемных средств позволило Джорджу Соросу заработать огромное состояние всего за несколько недель, что, и положило начало его благотворительной деятельности.
Арри Вильямс - легендарная личность на валютном и фондовом рынках. Начал свою финансовую инвестиционную деятельность в далеком 1965 году. Он активно делал упор на изучении технического анализа, мировых финансов и экономики. Далее он перешел к подробному изучению опыта работы профессиональных трейдеров. В кротчайшие сроки Ларри самостоятельно проводил обучение начинающих трейдеров обладателем свидетельства финансового консультанта и самостоятельно проводил обучение начинающих трейдеров. 5же через 5 лет активной работы, арри заработал свой первый миллион и стал миллионером. Его личным секретом успеха стала стратегия скальпинга, которая широко применяется на валютном рынке и по сей день.
Александр Элдер (по профессии врач психиатр), на личном примере доказал влияние психологии на биржевую торговлю. Го основной спецификой являются опционная торговля и аккии. На сегодняшний день Александр Элдер является автором популярных книг о торговле на Форексе и фондовом рынке, также он возглавляет центр подготовки профессиональных трейдеров. Му удалось заработать миллионы не только благодаря торговле, но и обучению трейдингу, а также написанию книг.
Сайкс - один из самых успешных молодых трейдеров. Свой первый уверенный шаг на пути к получению первого миллиона Тимоти сделал в 18 лет, когда в течение последующих трех лет он сумел увеличить сумму, подаренную ему родителями на день рождения 12415 $ до 2 миллионов $. Â 2003-2006 годах он уверенно занимал первое место в рейтинге «Barclays» среди менеджеров хеджевых фондов. Мистер Сайкс является автором знаменитой книги «Американский хеджевый фонд: как я сделал 2 миллиона долларов».
Миллиардера Уоррена Эдварда Баффетта нельзя отнести к категории людей, увеличивших свое благосостояние только на Форексе. Основной капитал Уоррен заработал на фондовой бирже, благодаря торговле акциями. Секрет его успеха довольно прост и основывается исключительно на фундаментальном анализе: главное - отслеживать изменения в экономике стран в ближайшей перспективе.
Ричард Деннис начал свою карьеру в индустрии Форекс в качестве посыльного на одной из биржевых площадок в 70-ых годах. Далее он сам начал активно изучать трейдинг, в результате чего, начав всего с 400 долларов, сумел преумножить свое состояние до 200 миллионов. Произошло это не сразу, а спустя несколько десятков лет упорного труда и целеустремленности. Секрет успеха Ричарда заключается в торговле в самое удачное время и убежденности никогда не терять деньги на нестабильном рынке, если можно заработать на стабильном уверенном тренде. Осуществив сделку, лучше взять небольшой перерыв, набраться сил и вдохновения, и лишь потом возвращаться на рынок. По мнению Ричарда, именно такой подход является залогом успеха в торговле. В нашей статье мы постарались ответить на один из самых часто задаваемых вопросов 21 века: реально ли стать миллионером, торгуя на Форексе? Ответ очевиден: конечно реально. Сегодня, не смотря на то, что этот рынок достаточно молод, мы имеем множество примеров - людей, достигших невероятных результатов в этом бизнесе. Всех их объединяет большое стремление к успеху, желание не останавливаться на достигнутом и постоянное самосовершенствование. Компания FXFINPRO CAPITAL представляет возможность каждому желающему реализовать свои способности в трейдинге. Торгуйте на Форексе вместе с нами, откройте реальный счет уже сегодня и пусть ничто не заставит вас отступить от своей мечты. Возможно именно Вы станете очередным миллионером Форекс и со временем послужите примером миллионам людей.

The Forex Washouts – Forex Horror Stories.
Atualizado em: 21 de setembro de 2017.
During our years of involvement with Forex trading we have come across many other fellow traders that we have become acquainted with or just simply observed from a distance among various trading communities.
Some of these traders evolved into profitable full time traders, others unfortunately became another bad statistic. This article is going to tell the Forex horror stories of those traders who didn’t make it. We can reflect on their mistakes and make sure we don’t repeat them.
These are true stories, so to respect the privacy of these people we will replace each trader with the appropriate Mr Men personalities.
Mr Greedy was a successful businessman, he started off like most people and got a good education so he could go off into the working world, get a good job and earn a comfortable income. Mr Greedy wanted more, so he used the money he earned through his career and started up his very own business. Mr Greedy worked hard to grow and expand his business to a point where he became a multi-millionaire.
Mr Greedy was set for life, his business was doing well and things couldn’t be better. But Mr Greedy wanted more than his fair share, so he started looking for other ways to make even more money. Mr Greedy discovered Forex trading and discovered the sky was limit when it came to potential income. Because Mr Greedy was already a successful businessman, he was very overconfident in his ability to take on the markets and generate wealth beyond his wildest dreams.
Mr Greedy invested heavily in the markets and quickly discovered that he wasn’t really getting the returns he was initially expecting. So Mr Greedy invested more money and traded more aggressively and started to notice his money disappearing even faster. Mr Greedy was not used to this kind of failure and in his frustration poured even more of his money into the markets and pursued even more aggressive trading tactics.
Then POOF! Mr Greedy lost all his invested money, but he wasn’t finished yet. Mr Greedy sold off what was left of his businesses, got loans from the bank and went ‘all in’. With everything now on the line Mr Greedy was an emotional time bomb, his third attempt at making money from the Forex market bankrupted him.
Mr Greedy is now a shelf packer at the local supermarket struggling to pay off his over bearing debts.
The lesson : Mr Greedy thought he could apply what he had learned in the real world into the Forex market place, this is far from true. As we often point out, the lessons you learn from your everyday life don’t work well in the markets. Things like ‘the harder I work the more I will make’.
Mr Greedy’s bad and greedy approach towards the market destroyed him quickly. To make things worse, when things were not working out, Mr Greedy started to revenge trade in an attempt to recoup his loses plus some change which only accelerated his journey to bankruptcy.
It’s often said that some of the biggest losers in the market are successful businessmen, doctors, dentists, engineers etc because they think their success in life will automatically fall over into the markets. Just because you were successful in other areas, doesn’t mean you will be when it comes to Forex trading. The Forex markets are on a completely different level, it’s a level playing ground for everybody.
Mr Perfect.
Mr Perfect was a trader that we knew from a public chat room. He was the type of trader who was a bit of a ‘know it all’ and liked to focus the spotlight on himself. Mr Perfect usually got everyone’s attention by flooding the chat room with his Forex talk in a very ‘in your face’ type fashion. He demanded that attention and ‘Godly Trader respect’.
Most of the time his Forex preachings were erratic and seemed to change from day to day, however his Mr Perfect personality managed to get him quite the following in the chat room and the associated forum. Mr Perfect was so supercharged by his new trader god status that he decided to open up a public thread with a title implying that he would turn $100 into 1 million dollars in a 1 year time frame. In this thread he was going to take newbie traders by the hand and show them each trade he made and explain his reasons for doing so.
Mr Perfect started delivering on his promise and posted trades that he took, but no one could seem to make sense of his explanations as they were rich with Forex babble and saturated with Jargon. Not to mention his reasons for taking trades seemed to be inconsistent and his money management made no sense. Despite the confusion and inconsistency, Mr Perfect was slowly making some returns and the attention on the thread continued to expand. The popularity and attention Mr Perfect was getting drove him to take the next step.
Mr Perfect opened a managed trading account, where traders could invest money in his trading ability. A trade copying tool was used so any trades Mr Perfect took would be duplicated on his fans real trading account. He was promoting the best forex signals so traders jumped at the offer.
Mr Perfect’s managed trading account got a lot of attention and he got quite a few investors that come on board.
It just so happens I have kept a record of Mr Perfect’s performance, as he was confident enough to publish it on the Myfxbook website.
The chart to the left shows Mr Perfects trading performance when he first started.
Not too bad, 18% in just over a month. His followers were impressed and started to sign up around mid-February. Mr Perfect continued to flood the chat room and forums with his confusing market preachings.
But that didn’t bother anybody as he was delivering on his promise and demonstrated he could make them money.
Everyone was pleased with Mr Perfect’s initial performance, however during the next few months things started to change.
Mr Perfect’s performance flat lined and people were starting to raise eyebrows.
Not only was he not making any money for his followers, he was losing them money with spread costs. Mr Perfect was a ‘scalper’ which means he opened lots and lots of trades at a time to achieve only small gains.
There were no serious losses yet so most of his followers continued use his service. Mr Perfect was still confident as ever and continued to preach his stuff in the chat room and forums while we watched him closely.
Finally Mr Perfect crumbled under the pressure. He increased the amount of trades opened at one time, and like a cancer, he slowly killed his followers accounts…
As the majority of people jumped on board his managed trade service around mid-February he never managed to make them any money. Mr Perfect was at one stage opening 30 trades per day which didn’t really turn out too well. The spread costs were destroying the live trader’s accounts but leaving Mr Perfects stats hardly affected, as much as he was using a demo account to send his signals.
Mr Perfect went from Hero to Zero very quickly, his thread was soon filled with negative comments and he was no longer welcome in the chat room. Mr Perfect lost a lot of people’s money and walked away from the whole venture a nobody.
The lesson : Mr Perfect thought he knew everything about the markets and that all of his technical analyses were flawless. Mr Perfect had a lot of confidence in his ability as a trader when in fact he was actually relatively new to Forex trading and didn’t really have as good of an understanding as he made out.
The phrase ‘A little bit of knowledge is a dangerous thing’ fits well with Mr Perfect, as he taught himself a few simple concepts and converted them into an over complicated, confusing format that he used to draw in people’s attention.
Mr Perfect was an attention seeker not a professional trader, he had bad money management and there was no consistency in his trading strategy. We were just counting down the days when it was all going to fall apart on him. We were actually surprised how long he lasted.
The real failure lied in Mr Perfects ‘high frequency trading strategies’ and the bad money management that come with it. Mr Perfect was only aiming for 3-5 pips profits, but risked 20-50 pips to do so. This is called negative risk/reward money management and is a sure fire way to burn yourself up in the market. It was just unfortunate that he took a lot of other unsuspecting traders with him.
We think Mr Perfect would probably make a good car salesman and should keep away from Forex trading.
Mr Gullible.
This story actually involves a group of traders acting together, but they all fit the Mr Gullible profile. So for simplicity sake we will just refer to the group as Mr Gullible. Mr Gullible was quite new to Forex trading, and used to hang out in a Forex public chat room that a popular site had just opened.
We often tried to engage in intellectually stimulating conversation regarding Forex topics with Mr Gullible but could never maintain that level of conversation. Mr Gullible would often change the topic towards some scalping or day trading system that he just discovered and was getting heavily involved in.
Mr Gullible eventually kicked off his trading career by attempting to trade news releases on the economic calendar. We knew news trading was dangerous, volatile and causes unpredictable movements in the markets, so it wasn’t a surprise that Mr Gullible didn’t have much success with his news trading.
Mr Gullible eventually stumbled across a popular Forex trading robot’s website and was completely drawn in by the sales page…
WOW Mr gullible said to everyone in the chat room. 95% win rate, what could possible go wrong, look at all those claims, I mean they even give you a guarantee! So Mr Gullible purchased the Trading Robot and integrated it into his trading platform.
Remember Mr Gullible in this story is actually representing a small group of traders, 3 to be precise. All 3 traders pooled their life savings together and gave the Forex trading robot full control of their hard earned money. Uh Oh! The trading robot wasn’t performing as the sales page said it would. Instead of cutting their losses, one of the Mr Gullibles opened up the internal programming of the trading robot and ‘tweaked’ the settings more to his liking. What he had actually did was change a few random settings and really amped up the risk the trading robot would apply to the markets.
In about 3 days most of their pooled life savings were destroyed, the robot had made extremely bad trading decisions and actually never once turned a profit. Only one of the Mr Gullibles was able to walk away with some of his capital, but it was church change compared to what he initially invested.
Mr Gullible 1 was forced to sell used cars with his father, Mr Gullible 2 used money he couldn’t afford to lose and stranded himself in Egypt during some bad times and Mr Gullible 3 walked away with his tail between his legs.
The Lesson : There are so many Forex scams out there, for every 9 Forex scams or crappy products; you will probably find 1 good trading system. This kind of saturation makes it hard to find a good Forex Trading Course to get you set on the right direction with your trading.
Automated Forex trading robots don’t work. Usually they are designed around the current market conditions. This gives them a low shelf life, as market conditions are constantly in a state of change, and with each shift in market dynamics, the trading robot’s performance instantly crumbles.
Even if someone developed a consistently profitable trading robot, it would not be sold on the internet for $200. It would be hidden away in a safe while the creator reaps the rewards.
Forex robot sales pages deploy the best marketers that really know how to get inside your head and target those ‘get rich quick’ emotions of yours. Don’t be a Mr Gullible and fall for these marketing tricks. There is only one way you are going to become profitable in the market and that’s if you follow a simple trading system that can clearly give you the edge in your trading.
Mr Lazy was a fellow trader that we met in the public trading community. Mr Lazy was looking for some guidance as he was overwhelmed with the amount of Forex information and strategies available. We took Mr Lazy under our wing as he was interested in learning how to become a good price action trader.
Well we regretted that decision quickly, we expected Mr Lazy to play the role of a keen student but instead he turned out to be an annoying parasite. My Lazy had no intention of learning price action trading for himself, he just wanted to bludge off our experience and be a fly on the wall when we were talking about what trades we were planning to take.
We soon caught on to what was happening when we noticed Mr Lazy was not receptive to the knowledge we were providing him and tried to gently cut him loose. The unfortunate thing for us is he had our private email and Skype details. Sigh!
Every couple of hours Mr Lazy was hounding us for trading signals, even at the most inappropriate times. We had our fingers on the short trigger for EURUSD when some vital Greek elections were taking place. The Greek elections were broadcasted in Greek. Scotch is from Canada and had to be quick on the Google translator to try keep up with what was going on in the live election feed. During the entire process Mr Lazy was bombarding Scotch with messages every 5 minutes asking him if he should go short yet.
Out of frustration we eventually gave him the cold shoulder until he got the message. We later discovered that Mr Lazy found someone else to annoy, and was receiving signals from his work college who had come up with a ‘miracle RSI crossover strategy on the 15 min chart’.
This was our ticket out and we finally got rid of him.
The Lesson : Don’t be a Mr Lazy and try and leech off other peoples trading decisions or seek out Forex signals. Firstly these traders could be the worst traders in the world and you are blindly following them, holding their hands as they walk you right off the cliff.
Forex trading is a personal journey that you should take as an individual. You are responsible for your own trading decisions, get the proper education and become a confident trader so you don’t have to rely on other traders to make your trading decisions for you. If you are looking for a simple but powerful price action trading course, then you stop by our Price Action Protocol page for more information.
Mr Rush was another keen aspiring Price Action trader, unlike Mr Lazy, Mr Rush was hungry for knowledge and was taking in all the advice we gave him. This was a breath of fresh air, no annoying emails or Skype messages, just questions that would further Mr Rush’s learning curve with price action trading.
However, as the name implies Mr Rush was trying to become an expert too quickly and wasn’t displaying much patience. Mr Rush wanted to take all the right steps to become a professional trader, but he wanted to have completed those steps yesterday. Mr Rush was trying to run before he even knew how to walk.
Eventually Mr Rush’s impatience consumed him. Mr Rush started taking every single pin bar formation on the 1 hour chart, across a variety of markets. At times Mr Rush would had about five intra day trades open while continuing to look for more potential trades to open. Mr Rush’s impatience had driven him to the shorter time frames and caused him to start over trading. He even started off by making a trading blog where he would record the steps of his trading journey, from a nobody into a millionaire.
His over trading and lack of experience washed him out of the markets, his blog went dead and we never seen him again.
The Lesson : Don’t just throw yourself in the deep end; take the time to learn a solid trading strategy like our Price Action Protocol. Understand it, master it, test your skills on demo and keep your cool. Over trading raises a red flag that you don’t have control of your emotions and is an early warning sign to your impending failure. Realize that the trading is no different to learning any other profession; you need to go through the learning stages before you’re put in the hot seat.
Apprentice chefs don’t just take a 1 week training course and all of a sudden become the next Gordon Ramsay. No, it takes time and it’s no different to any trading system that you apply yourself to. The market requires patience, keep your cool don’t be a Mr Rush.
Mr Messy was an interesting trader that had a very strong social presence in an old IRC Forex chat room. We used to mainly hang out in there with the intention of observing the chat room activity for a laugh, because it was mostly nonsense that was thrown around.
We have Mr Messy to thank for most of our laughs. Oh, he wasn’t trying to be funny, he was actually serious 100% of the time, but he had a completely distorted view of trading, which we found extremely entertaining. Mr Messy would often post up his opinions, trades and charts regularly. Let me share with you two snapshots containing Mr Messy’s analysis that he shared with us.
Below is some trend line analysis on a 1 hour chart of the EURUSD…
To actually make sense of this chart you needed his ‘master chart’ which had color coded levels that were key to unlocking what he referred to as the ‘trend line holy grail’. We weren’t privy to the color coded master chart.
Here is another typical chart from Mr Messy.
Yep, you can see why we’ve used Mr Messy to represent the guy in this story. Mr Messy was one of those traders who combined about 50 different trading strategies into one chart and tried to execute them all at the same time. Not only that, but he tried to factor in market sentiment and economic news releases into the mix as well.
Mr Messy would deploy all sorts of exotic Forex indicators that he found from all the dark corners of the internet, he left no stone unturned. Mr Messy also used martingale money management, which basically means every time the market moved against him, he would open up a new trade against the momentum, trying to anticipate a bottom or top in the market.
One day he presented a screen shot of his open trades, he had been buying all the way down a bearish trend and managed to accumulate a total of 50 open trades against the market momentum. Mr Messy… is a mess and made trading way too complicated for himself.
The Lesson: Trading is not meant to be complicated. We have found great success in simple Price Action strategies and by keeping our charts clear of confusing indicators. It’s not hard to figure out why Mr Messy failed, his trading methods were a combination of bad strategies mashed together that made up one super bad trading strategy.
Forex Horror Stories conclusion.
In this article we’ve shared real life stories of traders who didn’t make the right choices when it came to their trading career. This hand full of real life examples would no doubt be consistent with many other failed traders’ stories. Many would have made the exact same silly emotional choices that destroyed their trading future.
It really is common sense, these traders surely would have known subconsciously they were not getting anywhere with their current approach and were digging themselves into failure. Don’t make the same mistakes these guys did, keep trading simple, keep your emotions in check and follow a simple trading plan.
This is why we are so passionate about Price Action trading. It’s simple, powerful and stress free. Price action trading really brings out the clarity of the market. You will be able to read charts like you never have before if you make the switch to price action.
If you want to learn more, we offer an advanced price action course for anyone who is serious and passionate about learning price action trading. If you would like to learn more about our price action trading course and War Room members only area, stop by our War Room information Page for more details.

9 Things You Didn’t Know About Successful Forex Traders.
What is it about successful Forex traders that sets them apart from the rest? A well-known figure in the Forex world is that 95% of Forex traders fail. While no real proof of this number exists, I can vouch for the fact that it’s very close to 100%.
So what is it that puts these traders in the top 5 percent?
Successful Forex Traders Think Differently.
We’ve all heard the typical reasons such as experience, discipline and fortitude. But what is it that really makes them tick? In this article I’m going to break down nine of the lesser-known characteristics that successful Forex traders have in common.
By successful I mean consistently profitable, first and foremost. But I would argue that success in anything is also measured by level of happiness and overall quality of life. Therefore, we’ll define a successful Forex trader as someone who’s trading for the right reasons and is able to achieve his or her goals through trading the Forex market.
Before we begin, I’d like to make one thing crystal clear. There’s a lot of talk out there (and has been for some time) about whether anyone can consistently profit from trading Forex. I know because I used to be the person who would search for proof on the internet. I was searching for some ray of hope that might help justify the endless torture I was putting myself through in those first three years of my trading career.
Here’s my take on it… I’m certainly part of “anyone” so the answer is a resounding “yes”, anyone can consistently profit trading Forex. Don’t ever let someone tell you differently.
So what’s the secret to success? Sorry to say, the only secret is that there is no secret. While there’s no true secret to success, there is a bit of advice that will absolutely determine whether or not you become profitable. It’s something that every single successful Forex trader has in common, and it’s non-negotiable.
The problem is that so many Forex traders struggle for years, and then just before their breakthrough moment they throw in the towel. Or they take a two year hiatus and are forced to start all over again.
I know because I hear the stories. The ones about how Joe Schmo tried for two years to make this Forex thing work, but he just wasn’t cut out for it. What Joe failed to realize is that his “ah ha” moment was just around the corner.
This applies to all ventures in life, but it’s never been more true than it is when it comes to becoming a successful Forex trader.
Now that that’s cleared up, let’s take a look at some other key characteristics that successful Forex traders have in common. This is by no means a complete list, but it does cover some of the more important (and less common) characteristics.
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1 They Don't "Lose"
Before the emails start pouring in, let me explain…
No Forex trader is without losses. But there’s a distinct difference between how the beginning trader loses and how the successful Forex trader loses. O que é isso?
Most starting out in the Forex market view a loss as a bad thing. It’s a way of signaling that they did something wrong. And doing something wrong is bad. At least that’s what we’ve come to believe over the course of our lives.
But the successful trader doesn’t view it as a “bad” thing. It’s not a punishment because the Forex market isn’t able to punish. It doesn’t know where you entered the market or where your stop loss was, so how could it possibly punish you?
Don’t get me wrong, nobody likes to see a trade go against them. I don’t care if you’ve been trading for one month or ten years, making money is much more enjoyable than losing money. But just because a trade doesn’t go your way doesn’t mean you should take it personally. Thinking this way will only dig the hole deeper.
The successful Forex trader has the mindset that a loss is simply feedback .
Losses can be a powerful way to learn. But just remember that even a trade that ends up as a loss can be the right decision. Como isso é possível? If you’ve defined your edge, and the setup met all of your criteria to enter the market, then you did all you can do. The rest is up to the market, and some days the market just doesn’t play along.
Next time you have a loss, analyze it as constructive feedback to see how you could improve the next time. Just keep in mind that even an A+ setup doesn’t always work out.
I’ve had many trade setups that didn’t work out that I would gladly take every single week. That’s because I know that my edge will win out over time and put money in my account. In fact, a good exercise after a losing trade is to ask yourself, “would I take this same setup again next week if it presented itself?” You should always be able to answer this question with a resounding “yes”. If you answer with a “no”, you need to take a step back, figure out where it went wrong and correct it for the next trade.
A far too common saying is that trading losses are the cost of doing business. While I agree that they’re inevitable, I don’t agree with the analogy. Instead of labeling a loss as a business cost , why not think of it as a business investment? Each loss is an investment in your trading business and ultimately your trading education. This is a much more constructive way of spending your money.
The money you put at risk on any given trade, whether it’s $5 or $500, is an investment with the best Forex coach in the world – o mercado. Keep an open mind and it’ll show you everything you need to know.
2 They Use Price Action.
Every successful Forex trader I’ve ever met uses price action in some way, shape or form. This doesn’t mean they’re using price action in the same way I use it, but they are using some form of price action as part of their trading strategy.
Whether a trader is using raw price action or simply to identify key levels in the market, price action plays a major role in any strategy. That’s because it serves as a representation of the psychology within a market. It gives us some insight into the minds of other traders.
Having some idea of where buy and sell orders are in the market is critical to becoming a successful Forex trader. It can strengthen any trading strategy by providing areas to watch for potential entries as well as profit targets.
3 They Have a Defined Edge.
I see a lot of talk around the internet about the need for a trader to develop an edge and define it. And if I’m honest, most of what I’ve read out there is pretty alarming. It’s little wonder why so many traders have trouble understanding the importance. So what exactly is an “edge” and why is it important?
An edge (in my book) is everything about the way you trade that can help put the odds in your favor. It’s a combination of the time frame you trade, the price action strategies you use, the key levels you’ve identified, your risk to reward ratio, etc. It even goes as far as your pre and post trade routine. How do you handle losses? What do you do when you win? These are all things that make up your trading edge.
Although there are dozens of factors that make up your edge, you don’t have to master all of them at once. Nor do you have to master all of them to start putting the odds in your favor. It’s perfectly natural to master one set of factors and then slowly expand to others to further define your edge. Not only is this natural, it’s the preferred way to learn.
Have you ever heard the saying, “jack of all trades, master of none”? If you try to master too many of these factors at once, you’re setting yourself up to become good at a lot of factors that make up your edge.
Instead, become a master of two or three factors. You’ll find this to be the fast track to becoming profitable, and much less stressful than trying to become good at twenty factors. Once you’ve mastered those three or four things, expand to others to continue stacking the odds in your favor.
For example, master identifying key levels along with a price action strategy such as the pin bar. This is really all you need to start seeing your profit curve rise. Then once you’re comfortable with those two, strengthen your trading edge by learning stop loss strategies or different entry and exit strategies.
The key is to only tackle one or two factors at a time. Using a slow and steady approach will get you on the road to becoming a successful Forex trader in no time.
4 They Aren't Trying Too Hard.
But trying hard is what it takes, right?…
This might apply to other ventures in life, but Forex is the exception. Successful Forex traders know that trying too hard is a sign that something isn’t right.
This is different from studying hard. As a new trader to Forex, studying the market to include how different currency pairs move is highly recommended. But trying to make a trading strategy work will only lead to destructive behavior, such as emotional trading.
Jack Schwager, Author of the Market Wizards series said it best when he said, “good trading should be effortless”. I’m a big fan of this book series. You can find these books here if you’re interested in a good read.
I remember when I first started trading Forex, I would spend countless hours studying setups over the weekend; and not just in one sitting. I would often come back to my trading desk multiple times on Saturday and Sunday. Then on Monday, more often than not I would end up taking a completely different trade setup only to watch the original setup move in the intended direction without me.
Soa familiar? I was trying too hard to make it work…
As soon as I stopped over-analyzing trade setups and trying to make them work, my profit curve started to rise. Now I spend maybe 20 minutes per day looking at my charts. The exception being the charts I post on this site of course.
As counter-intuitive as it may seem, learning to not try as hard was one of the things that completely changed my trading career for the better. Learn to trust your intuition and stop second guessing yourself.
Successful Forex traders have taken note of this, which is why they let the market do the heavy lifting for them.
5 They Think in Terms of Money Risked.
It’s often the smallest things in life that effect the greatest improvement. The concept of thinking in terms of money risked as it applies to Forex trading is no exception. It’s an extremely simple concept that can have a huge impact on your journey to becoming a successful trader.
I’ve never met a successful Forex trader who didn’t know how much money they were risking on any given trade. You may think that’s an obvious statement, but a surprising number of traders don’t think about how much money is at risk before opening a trade. This is because they’re using an arbitrary percentage to calculate risk, such as one or two percentage of their trading account balance.
Think about your last trade for a moment. Did you define the exact dollar amount at risk before putting on the trade? Or were you more focused on the number of pips and the percentage of your account at risk?
The convenience of Forex position size calculators have made it so that we never have to consider the amount of money at risk. This convenience has caused a huge oversite.
Don’t get me wrong, I use the position size calculator at the link above before each and every trade. However I’m only interested in how much money is at risk – I could care less about the percentage (within reason of course).
Isn’t it the same thing? Yes and no.
Obviously 2% of $5,000 is $100. In that respect the 2% and the $100 are essentially the same thing. However in terms of the way our mind perceives these two figures they’re at opposite ends of the spectrum.
I wrote an article a while back called, Pips and Percentages Will Only Get You So Far. In it I talk about the need to think in terms of money risked vs. pips or percentages. This is because pips and percentages carry no emotional value. So when you define your risk on a trade as a percentage, it only triggers the logical side of your brain and leaves the emotional side searching for more.
This means that when you think in terms of a percentage, you’re only defining your risk but you aren’t accepting it. As soon as you convert that percentage to a dollar amount, your mind is able to visualize what $100 looks like. This enables you to determine if you’re prepared to lose that $100. In other words, is the trade setup in question good enough for your $100?
It’s much easier to risk 2% without fully accepting the potential loss because it doesn’t carry the emotional value that money does.
Successful Forex traders know this. That’s why they always define their risk in terms of money. They may use a percentage as a threshold of how much they’re allowed to risk, but when it comes to fully accepting the risk before putting on the trade, money is the only way to think.
6 They Don't Need the Money.
There aren’t many guarantees in the Forex market. But one guarantee I can make without a shadow of a doubt is that there’s no successful Forex trader who is trading today for money he needs tomorrow. In other words, trading Forex to gain a certain amount of money within a specific period of time.
I’m not saying that you can’t generate the majority of your income from trading Forex and do it full time. I would be contradicting myself if I made that statement.
What I am saying is that no successful Forex trader needs a win today to pay the electric bill tomorrow. No trader can sustain that kind of pressure and become consistently profitable. That kind of environment will only foster destructive emotions like fear and greed.
This topic takes us back to the fact that successful Forex traders don’t try too hard. If you need the money from trading to pay bills, odds are that you’ll feel pressured to win. If you’re feeling pressured to win you’ll most certainly be trying too hard instead of allowing the market to do the heavy lifting.
Likewise, don’t allow the money to be your sole reason for trading. Of course the desire for money is what attracted us to trading in the first place, but don’t let it become your only desire.
Embrace the challenge and focus on the journey to becoming a successful Forex trader and the money will come.
7 They Know When to Walk Away.
Of course I’m talking about taking a breather, not walking away altogether. All successful Forex traders know when to walk away and take a break. Those who are truly passionate about trading Forex know how hard it can be sometimes to walk away from the market. But it’s absolutely necessary to become a successful trader.
Walking away can be especially difficult after a trade. This is because our emotions are running wild and often get the best of us. But that’s exactly why walking away at this time can be beneficial.
After a win we’re feeling good about ourselves and our trading strategy. It feels like things are finally starting to click. Walking away at this time can feel like walking away from the TV after your favorite sports team just scored. But walking away at this time might be exactly what you need.
Taking a break after a win will allow your emotions to settle. After the win you’re feeling excited and proud of yourself, and you have every right to be. But pride and excitement have no place in the Forex market.
So the next time you have a winning trade, pat yourself on the back and then walk away. By the time you come back to your trading desk your emotions will be under control and you’ll be ready to approach the market in a neutral state of mind.
What do you do immediately following a loss? I can’t speak for you, but I know what I used to do. I would immediately start going through all my charts looking for a new setup. This is a trap!
If you’re doing this it means your emotions are getting the best of you. After a loss it’s far too easy to feel as though you need to win your money back.
Instead of seeing a loss as a reason to hop back in the market, take it as a signal to look at what you could have done differently. Remember, it’s just feedback.
So why is the failure rate so high for Forex traders?
Simply put, most traders haven’t yet learned how to lose. Our emotions will always try to outweigh our logic after a loss; it’s human nature. The key to becoming successful isn’t about eliminating emotions after a loss, it’s about channeling them in a way that will make you a better trader.
The successful Forex trader knows this, and has learned how to control these emotions. Often times the process of controlling these emotions begins with walking away to take a break.
One thing I’ve found helpful after a trade is to close my trading platform until the day closes at 5 pm New York time. This is when I do the bulk of my analysis anyway since I trade the daily time frame. So it just makes sense to take a breather until then. You can of course adapt this to whatever time frame you trade.
It’s a really simple, yet extremely helpful way of controlling your emotions. Although it’s simple, you’ll likely find walking away after a trade to be one of the hardest changes you’ve had to make to the way you trade. But trust me when I tell you that it can have a drastic effect on your consistency and put you one step closer to becoming a successful Forex trader.
8 They Don't Focus on Wins and Losses.
You can’t visit a Forex site these days without seeing an advertisement for some strategy that promises a 98% win rate. Por que é que? Is it because a high win rate is needed to become a successful Forex trader? Not even close!
They do it because it sells. As human beings we love to win, there’s no denying it. If you’ve ever played sports or watched your favorite sports team on TV I’m sure you can relate. The feeling when your favorite team wins is intoxicating.
Those behind the “strategy” that produces a supposed 98% win rate know this and exploit it to make money.
Nobody is going to be enticed to spend money when they see a headline that promises a 50% win rate. But what if it’s a strategy with a proper risk to reward ratio that aims for $300 for every $100 risked? At a 50% win rate that’s a 20% gain on a $5,000 account over the course of 10 trades.
Successful Forex traders know this. They realized long ago that it’s not about winning a high percentage of the time.
That’s not to say that all successful Forex traders use this exact risk to reward ratio. Every trader uses what works best for them. But every successful trader knows that proper risk management is absolutely critical to building a trading account, while a high win rate is usually only good for building an ego.
9 They Didn't Give Up.
Although this one is last on the list, it’s actually the most important to your success as a trader. I’ve found over the years that many people, including Forex traders lose site of this very simple fact. The only way you can fail at becoming a successful Forex trader is if you give up.
This sounds obvious, but it still amazes me how often I see this trait (if you want to call it that) left out of the list of reasons why a certain trader became successful.
Here’s a great example of one trader who never gave up and is now reaping the benefits…
I once met a Forex trader who had been trading for almost 30 years. This guy was trading the market before the internet was even publicly available. Back when you had to call in orders by telephone.
At any rate, as of 2011 the guy was trading an account size to where a profitable trade ranged between $50k and $100k. Needless to say he has been doing something right over the past 30 years.
Someone asked him what he would attribute as the #1 reason for his success. Expecting him to say proper risk management or cutting losses, he answered with four short words…
That was his only answer to the question. He later went on to say that he had been beat down more than anyone could ever believe. Even to the point where he had lost ALL of his money. Not just trading money, but every penny to his name. He was so obsessed with becoming successful that he had risked all the money he had, and lost.
Not only did he fight through it, but he went on to become a multi-millionaire. Those mistakes in his early days of trading didn’t keep him down, they empowered him and fueled his desire to become a successful Forex trader.
Cross my heart that’s a true story. This guy was a retail trader using his own money, not a prop trader (although he did have a stint as a prop trader during his trading career). However he made his millions as a retail trader.
I’m not going to mention a name (so please don’t ask) because last I heard he was retiring and wanted out of the spotlight so to speak.
Just be sure to remember this story every time you get down on yourself. The next time you lose a trade or even blow up a trading account, just remember that not giving up is the #1 key to becoming a successful Forex trader .
I hope this article has shed some light on the lesser-known characteristics of successful Forex traders. If you only remember one thing from this article, just remember to never give up and always remain patient. Becoming a successful Forex trader is a marathon, not a sprint.
What are some characteristics you’ve noticed about successful Forex traders? Please leave your answer in the comments section below.
Great information Justin, ALL the points you touch on are very valid. The one thing I think that stands out is eventually all traders end up looking at the one indicator that really matters – PRICE ACTION – we all end up “here” sooner or later. Thanks for ALL the information.
Obrigado, Colin. I agree that it all comes down to price action. Even if using other indicators, price action is king. It’s certainly what made the difference for me.
Very precise writing. Obrigado justin. Too bad it didn’t engage other experienced traders into a fruitful sharing of knowledge. If may I ask, how much would you weight technical analysis/media as an over all average?
Obrigado por seu comentário. Can you elaborate on your question? I’m not sure I follow you.
Kim, great additional advice. Obrigado por compartilhar.
This article is so inspirational, Self-confident & Right Mindset Is What’s Needed To Become A Successful Forex Trader.
David, you’re absolutely right! Pleased to hear you enjoyed the post.
So, quick question… let your winners run but when should I take the “profit”? I mean, given that I tend to take the profit early, it’s hard to know when to stop letting it run. Was wondering if you might have any tips for when to exit a profitable position?
Thanks for sharing these tips with us. I totally agree with your points.
You’re welcome, Jake. Glad to hear that.
Really enjoyed this read and you’re website. Ive been trading with limited success for about 6 years but i still feel like i learn something new every day. Everything that the guy said rings so true with me. I am obsessed to make a success of my trading. even though i have had periods of difficulty financially due to the obsession, i will never give up until I succeed.
Pleased to hear that. Obrigada por apareceres.
They are always calm.
I am a computer student and I have to make an application for a school job that buys and sells stocks and obtains the highest profit possible.
They gave me a Cac40 database with:
TAPER, DATE, PER, TIME, OPEN, HIGH, LOW, CLOSE, VOLUME, OPENINT, SMA200, SMA150, EMA5, EMA10, EMA10, EMA20, EMA25, EMA30, EMA35, EMA40, EMA40, EMA80 …
What is the best strategy I should follow?
1) Chart useful patterns like flat base, flag, double bottom …
2) Candlestick like Pin bars…
3) Moving averages, SMAx, EMAx …
4) Technical indicators RSI, MACD …
Note: The best I’ve achieved so far was with the FLAT BASE pattern, 90% win rate, take profit 1%, stop loss 3.9%, time stop 10 days, in 10 years 401 patterns found!
[…] only thing that separates the successful Forex traders from those who aren’t is the fact that the successful traders never gave up. Although becoming successful is certainly possible, it doesn’t happen overnight. It requires […]
last point is key…..school fees need to be paid before becoming a successful trader. Never ever give up!
Absolutamente. Thanks for commenting.
Just say, awesome.
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What Is the Use of the Stop Loss in the Best Forex Trading Success Stories.
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What Is the Use of the Stop Loss in the Best Forex Trading Success Stories.
There are many Forex Trading Success Stories. How many of them care about the use of the Stop Loss? How newbies and experienced traders care about the Stop Loss? Do you care about the Risk Reward? Do you trade having a Trading Plan? Or you invest because people tell you where to buy or sell?
One of the most dedicated members of Profiting. Me asked an important question to me. I wish him to live one of those Forex Trading Success Stories that can inspire every trader.
In his email, he said:
“I usually prefer stop loss of not more than 60 pips per trade and from time to time I will go for 80 pip. What I have realized with this approach is that I sometimes miss opportunities. So the advice I wanted to know was:
Should I stop to focus on stop loss pips and instead focus more on opportunities?”
This was an interesting question because the use of the Stop Loss is the Dilemma of newbies.
As first thing, you have to understand that I cannot tell you how to manage your trades. In the same way, I cannot tell you how to manage your money. Everybody manage their trades in the way they prefer.
But, there is one relevant thing that everybody needs to understand to manage trades in a proper way. It is the importance that you put on your Position Management.
This is common to all the Forex Trading Success Stories you see in the world.
Many newbie traders confuse the Position Management with the Trading Plan. This is a bad mistake that is very common.
Plan Your Trades Knowing How Much They Are Going to Cost.
You should not limit your view to only one trade. Instead, You MUST consider the opportunities that the Trading Scenario is offering you.
Then, the managing of your trades must be according to the Trading Scenario where you going to invest.
Every Newbie Trader miss to ask himself a simple question:
“How much money is going to cost the trade that I am going to take?”
The number of pips you set your stop loss is not the most important thing.
You should focus on the Commission Cost of each trade you are going to take in the Trading Scenario.
So, you try to make an evaluation of the cost per trade. In this way, you see if the cost of your trades in a Trade Scenario is acceptable for you.
You MUST Think Bigger. Get a view that is bigger than the one you can have staying focused on a single trade.
Do you have a Trading Plan for a Trading Scenario?
Or you look for that one trade you can take in that moment, without considering the whole Trading Scenario?
If you have a Trading Plan you know what you are going to do. Then, you can hold one or more trades in red according to the plan.
With a Trading Plan for your trades, your story could become one of the Forex trading success stories.
What is relevant is how much these trades are going to cost before they give you a profit.
In the same way, how much the cost per trade can affect those trades you are going to close with an acceptable loss.
Commissions Costs can become very dangerous if you skip to measure them for your trades.
Why the Stop Loss is the Dilemma of Newbie Traders.
When you are a newbie, you learn to use the Stop Loss with Risk Reward 1:3 or something similar.
The main reason is that the most of the pieces of information you get around in an easy way, are only for newbies.
They come from people who get paid to write them. In the same way, they come from those who are not profitable by trading.
To get the right tips about trading, you have to search specific topics. You have to look for that kind of info that only currency trading millionaires can give.
Successful Forex traders, even those you ask suggestions, would not tell you to don’t use the Stop Loss. In the same way, they will not give clear or detailed suggestions to use the Stop Loss in a specific way.
Let me be clear:
An expert trader cannot tell to newbies to don’t use the Stop Loss because this has consequences. Newbies are not expert traders. They lose money.
Newbie traders, alone, have high chances to fail with or without the Stop Loss.
A newbie trader takes a trade. This trade turns to red showing several pips of loss. Then, he gets panic, without know what to do. So, he looks for somebody to blame. It is so.
It is an emotional involvement.
A newbie trader takes months or even years to get experienced enough to manage his feelings in a proper way.
Indeed, to become able to trade in the right way, he needs to practice for the long-term.
Besides, he will get a big help by the use of a sizing plan to support a sustainable growth.
The Truth About Successful Retail Forex Traders and Stocks Traders.
Now you should listen very well to what I am going to tell you.
If you want to learn how to earn money by trading in a proper way, you should not stay in the same room with newbies.
I know this could sound not good to your ears. But this is the way. This is the TRUTH.
Who wants to earn money in the right way, doesn’t want to listen to obvious things. In the same way, he doesn’t want to listen to inconsistent topics, by inexperienced people like him.
And more, you should not debate about trading with newbies.
Besides, you should not take advice from who writes content for newbies.
For sure, you have not to listen to who earns by affiliations and trading signals. In the same way, don’t listen to advice from Broker Account Managers and Bank Account Managers.
Take money advice only from who was already able to earn money by trading in a proper way. Período.
Who Was Able to Earn Millions Will Show You How to Become a Millionaire.
I tell you a story, a little fragment of my story:
When I found the mentor who changed my way to approach trading, he had passed 4 Million in that moment. Around him, I have found other millionaire traders that had become my mentors too. One of them was reaching 2 Million in that moment. Others were reaching their First Million.
But a couple of them were on the extreme of 10 Million.
I show you the Account Growing of one of the traders who inspired me for years:
The veteran stock trader Gregg Sciabica, in 2014 passed the 10 Millions of his life profit. Later, he started his private hedge fund. For this reason, now his results are not more public.
Stocks and Forex Trading Success Stories – Greg Sciabica passed $10 Million in 2014.
Ironically, being less confident can be a positive thing. people who are overconfident tend to trust their intuition too much. & # 8211; Gregg Sciabica.
What I am telling you is that if you want valuable tips about money and trading, don’t lose time with who is not able to earn.
You should not spend your time with people and communities that cannot help you to improve.
Instead, stay around of successful Forex traders in the world. Take the best from them.
This is what you MUST do. You will pay for their knowledge and expertise. In return, you get the growing of your skills and the improving of your profitability.
This is the way to turn your personal story to one of those Forex Trading Success Stories that inspire you.
An Expert Trader Knows That a Trading Plan Is Crucial for His Profitability.
An expert trader knows that, in general, about the.
90% of the trades he is going to take will get a wrong entry.
There is no way to get a 100% of perfect trades. NO WAY.
Even a Quantitative Trader cannot develop algorithms to execute only perfect trades.
For example, you open one perfect trade, but before of it (or later of it), you could take 10 trades or more with a wrong entry.
An expert trader turns this into an advantage because such circumstance is part of his Trading Plan.
The expert trader has a Trading Plan for his profitability in a Trading Scenario. This can involve several trades so as several entries.
The Trading Plan is a crucial resource about how a group of trades in a Trading Scenario, are going to pay.
How many Forex Trading Success Stories do you know, who cares about the Stop Loss around one trade only?
I am not talking about YouTuber traders who tell you to set your stop loss and buy their services.
I am talking about Forex millionaire stories. At least, one real Forex millionaire that you can know.
There are many Forex true stories of success so as many Forex failure stories.
Only Forex millionaires so as Forex billionaires can tell you how to earn millions in the Forex Market.
Nobody of them takes care of the stop loss per trade. They keep the focus on the Trading Scenario where they are going to invest. Their risk depends on the Trading Scenario.
One of my millionaire mentors, a stock trader, uses to repeat:
“If you don’t have a plan, you don’t have a trade.”
Why a Forex Millionaire Strategy Doesn’t Limit the Risk to a Single Trade.
If you stay focused on only one trade, you have a limited “view” about your options. This doesn’t favor your profitability in the short, middle, and long-term.
Talking about the 60 pips of Stop Loss indicated by my student, I can show you the missing of profitability.
You take 10 trades or more. All them with a Stop Loss of 60 pips. You could get 1 of them at a perfect entry.
Going forward, you will realize that they are not making grow your account balance. The reason is that the most of them will hit the Stop Loss and others will get a small profit.
This happens because your focus was on the Stop Loss of 60 pips, missing the whole Trading Scenario.
If you limit the Stop Loss trade by trade, you are limiting your Profitability to the risk carried by each trade.
It causes a choppy behavior in your balance account. Besides, you are missing the reward of the whole Trading Scenario.
In practice, by all those trades that hit the Stop Loss, you are fighting to keep up the growth.
90% of trades can have a wrong entry, there is a high chance that only a few of them will give a satisfying reward. So, the balance account could not get a real growth by them.
The result is that you will spend weeks to recover all those losses, adding new mistakes.
But your focus will continue to stay on the Stop Loss per trade and on the losses to recover. Your focus will not be on the Account Growth.
Then, you will experience a perennial frustration caused by a wrong use of the Stop Loss.
Instead, you must focus on the growth since the beginning.
Forex Trading Success Stories That Can Inspire You.
What inspired me in life can inspire you today and forever. I am a trader because I wanted to become a Trader.
But before than this, I found out about trading when I was in high school. When I was a teen there were not the tools we have today for trading. So, Financial Markets were more for rich people with specific intermediaries.
Today, everything is easy and people like me can earn money staying at home or everywhere in the world.
Trading has become more a “Software Developing Business for Finance” than a pure Financial Business. Of course, the purpose of the coding is to earn more money in a systematic way, by specific algorithms.
The Forex success stories that inspired me are very old. Behind them, there are people who were able to earn consistent money from Forex Market.
The difference between Successful Traders and who rejects the idea to invest on Forex is the perception of the business.
People, who reject Financial Markets including Forex are those who ask: “is Forex real?”
So, let me show you the most important and rich Forex trading true stories.
Would you like to get your story and your name added to the list of the Forex trading success stories?
In only one post, I am going to talk about a limited number successful Forex traders stories. Only 3. But there are many more forex trading true stories that you can explore by yourself.
I want to start introducing you a famous book that will inspire you by passion, traders wisdom and experiences.
The New Market Wizards: Conversations with America’s Top Traders.
The New Market Wizards: Conversations with America’s Top Traders – Jack D. Schwager.
In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success. Jack D. Schwager encourages these financial wizards to share their insights. He asks them questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars.
The New Market Wizards is another Schwager classic, informative, and invaluable.
As in the previous volume, Schwager starts with a frank discussion of his own trading experience, followed by a surprising diversion comparing Saddam Hussein’s invasion of Kuwait with a trade that went wrong.
The rest of the book is broken into five parts. It includes several interviews with different types of traders and brief discussions of the lessons to be learned from them. It has a part on trading psychology. Besides, it includes a final part summarising the wisdom gained from all of the interviewees in 42 golden rules .
George Soros.
Founder, Soros Fund Management LLC.
Forex Trading Success Stories – George Soros.
George Soros founded the Soros Fund Management in 1962. The company gained tens of billion dollars over the years.
I already talked about George Soros and his partnership with Jim Rogers. They founded the Quantum Group of Funds in 1973.
George Soros has got an international fame on September 16, 1992. It was the Black Wednesday. The Quantum Groups earned $1 Billion in net by short selling an amount of 10 billion pounds sterling.
For this reason, George Soros holds the record of being the first person to get the highest earning in a single day.
At that time, Britain was part of the Exchange Rate Mechanism (ERM). The UK government had to hold the pound over a certain level against the Deutsche Mark to stay in the ERM.
But, on September 16, 1992, the Pound Sterling was not more able to stay above the lowest agreed limit. So, UK had to withdraw the Pound Sterling from the ERM.
This short sell made him famous. In that moment George Soros became:
“The Man who broke the Bank of England.”
His story deserves to stay on the Top of the Forex Trading Success Stories.
According to what Forbes reported:
George Soros is one of the largest supporters of drug reforms. For example, to use some drugs for medical purpose. His foundation donated about $200 million to drug reforms, since 1994.
“He’s played a historic role in the evolution of drug policy reform from a movement that was on the fringe of U. S. politics to one that is in the mainstream.”
Stanley Druckenmiller.
Founder, Duquesne Family Office.
Forex Trading Success Stories – Stanley Druckenmiller.
Stanley Druckenmiller worked at the Quantum Fund for more than a decade. He worked alongside with George Soros enough to consider him his mentor.
But Stanley Druckenmiller established his solid reputation with his Duquesne Capital Fund, before retiring.
Stanley Druckenmiller affirmed that his trading philosophy revolves around the preserving capital.
His work is the building of long-term returns. Then, it is the pursuing of profits, in an aggressive way, when trades are going well.
This approach emphasizes the value of maximizing the opportunity when you are right. Then of minimizing the damage when you are wrong.
Indeed, it downplays the importance of being right or wrong.
The New Market Wizards: Conversations with America’s Top Traders – Jack D. Schwager.
During an interview for the famous book “The New Market Wizards“, Stanley Druckenmiller said:
“There are a lot of shoes on the shelf. Wear only the ones that fit.”
A the end of the 1980s, the German Mark was suffering a constant depreciation. The serious situation around the reunification of Germany undervalued the German Mark.
Understanding such undervaluation, Stanley Druckenmiller saw an opportunity for purchasing.
At the beginning, he placed a multi million long position in German Marks. Later George Soros made him increase his position adding 2 billion German Marks.
The return was a 60% earnings for the Quantum Fund.
Stanley Druckenmiller learned a lot working with George Soros. His story deserves to stay in the list of the Forex Trading Success Stories.
Bill Lipschutz.
Co-founder and Director of Portfolio Management at Hathersage Capital Management.
Forex Trading Success Stories – Bill Lipschutz.
Bill Lipschutz turned the $12000 he inherited from his grandmother, into $250000.
But later he lost everything by bad personal investment decisions. By this loss, he realized the importance to work having a proper risk management.
In 1982, Bill Lipschutz attended the Salomon Brothers investment company training program.
In 1984, Salomon Brothers offered him to join a new department dedicated to the Forex Market. The intention of the company was to develop its business in the growing Forex Market.
Bill Lipschutz made hundreds of millions at the Forex division of Salomon Brothers. Earnings like $300 million dollars per year.
In the 1980s, such return per year was a lot of money for a growing market like Forex.
For this reason, Bill Lipschutz became:
“The Sultan of Currencies.”
Bill Lipschutz describes Forex as a very psychological market.
The market perceptions help determine price action as much as pure fundamentals.
Bill Lipschutz also agrees with Stanley Druckenmiller about trading on Forex:
How to be a successful trader in Forex, is not dependent on being right more often than you are wrong. Instead, you need to understand how to make money when you are right only from 20 to 30 percent of the times.
Bill Lipschutz empathizes the need to manage the risk explaining an important thing:
You should choose a trading size that avoids the forcing out of your position when your timing is inexact.
He made himself from scratch. he made hundreds of millions without a real background of experiences.
His story deserves to stay in the list of the Forex Trading Success Stories.
Understanding Risk and Opportunities in a Trading Scenario.
Forex Trading Success Stories – NZDJPY – Weekly – Spring.
I want to show you a Trading Scenario around NZDJPY.
The weekly chart shows the Spring in the Wyckoff Trading Range.
The supply action tested again the possibility to continue the bearish trend. But it failed. So the new buy block trades moved the price again into the range.
The Composite Operator accumulated consistent resources to test the reversing of the trend. So, the price jumped across the creek and then it ran throughout the range, marking new points of demand.
But, you see that the spring occurred too soon. So the remained supply was still strong.
The resources of the Composite Operator were still not enough to take out the Supply Edge. So the remained Supply tested again to continue the bearish trend. But the price has found an opposition to one of the higher points of demand.
The opposition in the backup shows that the Composite Man increased its resources.
Forex Trading Success Stories – NZDJPY – Por mês.
In the monthly chart, you see that the price could try to continue the bullish main trend, at least for a moment. But it has still chances to fail.
In the Demand Accumulation, there were opportunities to buy anticipating the markup. They occurred in the latest points of demand, going forward from the Spring.
Stop Loss in the NZDJPY Trading Scenario and Forex Millionaire Strategy.
Forex Trading Success Stories – NZDJPY – Weekly – Latest points of demand.
NZDJPY shows a throwback to.
76, offering a buying opportunity in the highest point of demand. But the price had chances to fall to the lower points of demand.
On the chart, I marked indicative distances between possible entries:
You understand that if you opened a trade at.
76 with a Stop loss of 60 pips, you started with a disadvantage. The highest entry around.
76, carried chances to fail.
As I told you, you cannot limit your “view” to only one trade. In the most of the cases, your entry point would be wrong.
This falls into the Trading Philosophy of the Forex Trading Success Stories I showed you.
The Bill Lipschutz and Stanley Druckenmiller Forex millionaire strategy describes a few things. Let me show these important concepts again. So that you can set them very well in your mind:
Your success doesn’t depend on being right more often than you are wrong. You have to be right for the 20% or 30% of the times. That 20% or 30% of right trades should give you a consistent return. Choose a trading size that avoids the forcing out of your position when your timing is inexact. Preserve your Capital. Build long-term returns. Pursue the profits, in an aggressive way, when trades are going well. Maximize the opportunity when you are right. Minimize the damage when you are wrong. The Trading Plan is much more important than the Stop Loss.
In the NZDJPY Trading Scenario, you define your Trading Plan.
In the Wyckoff Trading Range, you skip trading before the Spring. After the Spring, you prepare your buying action in the Demand Accumulation. You do this, even if the markup could fail later.
If your highest trades get wrong entry points, the wrong Stop Loss of 60 pips gives you 3 things:
It bites your balance account. It compromises your profitability. As consequence, the growing of your account becomes uncertain.
Forex Trading Success Stories: 69.48% of Realized Profit Buying ETHUSD.
Forex Trading Success Stories – ETHUSD – Comércio & # 8211; 68.49% of Realized Profit.
Stanley Druckenmiller’s long position on German Mark made me think of my buy trade on ETHUSD.
Stanley Druckenmiller gave a 60% of return to Quantum Fund. This is why he is in the list of the Forex Trading Success Stories.
I bought ETHUSD at a perfect entry. The purpose was to catch the automatic reaction in the bounce back.
I planned this first trade in advance according to the Trading Scenario in the daily chart.
This was my highest order in the initial buy action. I planned it for the beginning of the Wyckoff Trading Range.
The exit point was on the preliminary imbalance. So my trade reached the take profit giving me 69.48% of Realized Profit. This was a quick profit.
The Bounce Back in the Automatic Reaction is always Strong and Fast.
Later the price retraced back and I took a second planned trade.
It is relevant to consider that there was no leverage on this trade. So it was only the amount of money invested to give such large profit.
The 69.48% of return gave a consistent rising of my account balance. This shows also the increasing of my profitability.
I continue to improve. Then, I earn more money by trading, increasing my Profitability.
The impact of this buy trade is visible on my Profitability Chart. It shows the Growth of my Account for the latest 12 months.
Forex Trading Success Stories – ETHUSD – The Impact of the realized profit on the Growth of my Account.
Conclusão.
Answering to my Profiting. Me student, I am answering to everybody who shows the same doubts.
You have clear now that the Stop Loss does not matter much. But the wrong Stop Loss that you set trade by trade, can stop your account growth.
More damages come If you skip measuring the cost per trade. The fees have an extreme importance. You should compensate them.
I showed you the TOP 3 Forex Trading Success Stories. Those traders who are in the Pantheon of Traders.
They are currency trading millionaires. Or better they are Forex billionaires.
Their Forex true stories show the Forex millionaire strategy that makes you different.
As Bill Lipschutz said:
“It is very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you’re doing if you’re a successful trader.”
This explains why you should not stay in the same room with newbies to debate about trading.
No Facebook, Telegram, Skype Groups or others will let you improve. It is so if you are a lazy trader and if you lose time listening to newbies.
There are people who contact me telling:
“I am a trader. I am a supply demand trader too. But I continue to lose money.”
These traders are in the wrong place and debate about trading with wrong people. Besides they are lazy in the changing of their wrong habits.
So, let me ask you a few questions:
Would you learn Forex Trading from George Soros, Stanley Druckenmiller and Bill Lipschutz? Or you prefer a boy in a Telegram group who wants to sell you his Trading Signals for $20? Or even you prefer to pay a millennial on Instagram who shares expensive golden watches and super cars?