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Active traders Poll

Open discussion Poll for traders with live Forex accounts

You're invited to answer the following questions:

How long did it take you to become truly or acceptably profitable in Forex?
Tell us about your experience, success and challenges.

Your story will guide many traders onto the right path and help those who have some doubts left about any aspect of live Forex trading.

Thank you!

Truly yours,
Edward Revy
and my best Forex strategies Team




I think i m still working on it. I have tried lots of strategy, some r very useful some r useless. I will post all useful strategy.

Forex experience: the discipline to stay to the rules and the plan that brings success. 95% of traders fail, not because they don't have special strategy, thay fail coz they not follow the rules, they become greedy, especially when money is involved.

So become the part of remaining 5% and follow the rules.

--THX--
**Nagendra Rai**

I've got to know about forex after my country banned most of the hyip scheme. I've made money there but still there are risks. Upon surfing the net I stumble on forex. Not many people in my country do forex. I've asked around, but most of the people I met said know nothing about forex.

I bought an ebook from the internet, and this guy included a special indicators for trading forex. So, I gave it a try. And, to my suprise it works! I am able to notice point for buy and sell. I tried it against a demo account.

Then, i registered for a live account at easy-forex.com for usd20. I've made about usd13.50 there. So, at least I've managed to covered the initial investment by almost 65.7%.

But, I still I need to work and learn more on this forex.

I'm fully experienced in forex but underestimated just how hard it is to trade profitably for years. The longer you stick at it the more obstacles you discover just below the surface. Trading is very simple but consistent profits are not easy to obtain. I wouldn't recommend forex trading to anyone unless they have an edge which has been proven long term on a demo account and also understand what a losing streak can do to a leveraged account. and losing streaks occasionally will hit any trading system which is why risking more than 1% per trade is possibly too much but anyone in a hurry to get rich will risk a lot more than that.

steve b

I'm just a newbie. Trading live has been quite different from demo because of money management. I suggest that any newbie trying to find ground in live trading should not be fooled by pop brokers' give-aways of 100K, 50K, 200K, etc demo account. Demo traders should only use the minimum balance they intend to start with for demo trading, in order to master proper money management. For instance, if a broker offers 100K demo and as low as 1K, and you know the only amount you intend to put in for live trading is $1000, why not go for the 1K demo and master how you can manage your risk on that amount. I learnt this in a hard way after losing a sizeable amount that i had to stay out of trading for sometime because of FEAR of losing again!!! So be warned...

I'm not all that the techy type. So i know a little about developing programmable trading systems but i stick to few strategies using pivotpoints, pin bars, fibonacci, trendlines and recently stumbled on Edwards' breakout system and has been helpful. Thanks Eddy!

I'll welcome simple trading systems and guides on how to use them if any.

Nuelkadz

Hi
I'm a newbie. I had some mount experience in demo every now and then and after my daily works. The small profits on demo made me encorage to open a live account withought considering money managements.the result is clear! Blow up!
By thinking about my failears,I tried to study on money managements.I couldnot create my own strategy But I tried some of the strategies in forex-strategies-revealed.com
I found them very useful and I'm trying #9 in simple strategies right now. It seems great. I wonder if anyone have an profitable real trading whit it. I'm not sure if it works in real situations.
I appretiate any suggestions.
Happy trading
Reza.

Hi everyone,
i am a professional trader, and have beening trading for quite some time now,making profit in the forex market is quite easy, what makes it hard yourself, by that i mean your greed, fear,bills to pay,lack of discipline and patience;believe me a simple cross over of two moving averages would make you successful if you would just stick to it,jumping from one system to another is the real cause of most failure, cos u need to trust your system even when you have some lossing trade cos you would certainly have some. so my advice keep it short and simple(KISS, and please stick to it cos discipline is the key to this market.
May the trade be with you,
Egudu.

1.5 years of trading and it includes mini ac and then standrad a/c but not yet able to trade with profits.very small profit and then huge loss so only thing i am gaining is tax rebate as its loss in the end of the year!!

To be a successful trader of any kind, remember this...learn from your failure and let your failure be your real master.
Famous inventor Eddison discovered the way to make a bulb work through hundreds of failure in trying out everything he could.
His famous words is, "Only by experiment with so many failures that i manage to find the only answer to how to make a bulb work."Failure is the mother of success!

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