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As a Forex Trader, I find this market impossible

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  • As a Forex Trader, I find this market impossible

    Is there anyone out there actually making money at these markets without some kind of algo? I find the lack of liquidity perplexing to say the least. The sudden drops and pops out of nowhere make trading the futures markets difficult for me. However, I don't like to admit defeat - although I have blown several of these 'combines' trying to get it right.

    I blew up again today - but am up 3% in my live Forex account. Has anyone here made the jump from FX to futures? If so, what was it that helped? I use to believe that technical analysis can help.....but it doesn't in these markets from what I have seen - at least not on the short-term charts - which is all you can typically afford in real life with the nasty leverage. Also, the lack of scalbility is an issue. (You can only double, triple, etc your size instead of adding 10 percent like FX)

    Any thoughts?

  • #2
    Sounds like you aren't capitalized for futures. If you're risking more than 1% of your account per trade you're not trading with the odds in your favor. You should never "blow up".

    You're making excuses in your post. Futures scale just fine with proper account size. Assuming you're doing consistently well in Forex you need to consider account size.

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    • #3
      Forex can be a rough animal that's for sure. I prefer stocks and commodities because they're a little easier to tackle from a fundamental standpoint

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      • #4
        Originally posted by DavidDtrepp View Post
        Forex can be a rough animal that's for sure. I prefer stocks and commodities because they're a little easier to tackle from a fundamental standpoint
        FX can be a lot more profitable though. The leverage is incredible in forex

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        • #5
          Most people have failed in forex market because of no knowledge about forex. In spite of that there are so many reasons to fail in the forex market. Some of them are Emotionally trading in the forex market, greediness, lack of knowledge, choosing wrong decisions, choosing wrong broker etc. Most of the traders fail in forex market because of choosing wrong broker. Brokers play an important role in successful trading. I am trading with Tpglobalfx. They help me to make profit consistently by giving low spreads and high leverage. I love their trading strategy and all facilities they are given.

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          • #6
            Forex trading is the most famous and profitable business in the world. Anyone can start trading and earn a lot of money from the market. A reliable broker, strong about the forex, proper guidance can easily make you earn a lot of money. Choosing a reliable broker is very important for a trader. If you trade with a scam broker then there's a chance of losing money. I trade with Eurotrader. They are one of the best brokers I have ever worked. I would easily suggest this broker if anyone looking for a reliable one.

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            • #7
              It is possible to make a lot of profit by trading if you can trade by applying proper knowledge. There is a lot to learn in trading and it is not possible to make a profit if there is a deficit in this education. Money management is a big part of making a profit. It is very difficult to make a profit without that part. If you do not maintain trading discipline, you will not be able to achieve satisfaction by trading.

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