Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

daytrade999

Consistently Losing

Recommended Posts

Almost every new trader lose money in forex market so those who let go off these losses and move forward eventually become successful forex trader in future.

Share this post


Link to post
Share on other sites

The reason why many forex traders fail is that they have insufficient funds compared to the size of the trades they make. Either greed or the prospect of controlling a large amount of money with a small amount of money forces forex traders to take such a large and fragile financial risk.

Share this post


Link to post
Share on other sites

Every new trader lose money while some lose more chasing their lost money. Those who let go off these loses and learn from their mistakes eventually become successful traders in future.

Share this post


Link to post
Share on other sites

 

To overcome consistent losses in forex trading, it's crucial to reassess your trading strategy for any flaws or weaknesses and make necessary adjustments. Additionally, prioritize effective risk management by controlling your position sizes and setting appropriate stop-loss levels to minimize potential losses.

Share this post


Link to post
Share on other sites

There are many brokers like hfm etc which offer free demo trading to enhance trading skills so we can use them instead of live funds to make sure we got the right strategy and proper risk management to make money in trading instead of losing.

Share this post


Link to post
Share on other sites

if you are lossing consistently then stop balming the markets and start rethinking what you are doing consistently that results in loses, sometimes if could simply be rash decisions, in most cases no following the plan due to emotions, or simply lack of knowledge, the more u focus on your self the less loses u will have.

Share this post


Link to post
Share on other sites

There are more than 90% failure in this industry and the 50% of the remaining traders does not even stay in this market for even a year and they quit , rest are those who make their way to success.

Share this post


Link to post
Share on other sites

yup and the numbers dont seem to be shrinking, but one thing for sure, there are more and more retial traders with each passing year looking into forex trading. 

Share this post


Link to post
Share on other sites

The key is to learn and trade on a demo account before investing real money into live account. Demo trading helps a lot while they comes up with free virtual funds and real market trading conditions.

Share this post


Link to post
Share on other sites
On 9/11/2024 at 9:52 PM, aimhi said:

The key is to learn and trade on a demo account before investing real money into live account. Demo trading helps a lot while they comes up with free virtual funds and real market trading conditions.

The key reason why traders lose is because they ignore money and risk management practices. If you make mistakes you have to make sure you pay very low price for it. Thanks to HFM webinars I learned for free how to do that

Share this post


Link to post
Share on other sites

We should only invest to that extent which we can afford to lose in forex trading however, money management and risk mitigation comes up with spending some time in the live trading markets.

Share this post


Link to post
Share on other sites
On 9/18/2024 at 1:21 AM, aimhi said:

We should only invest to that extent which we can afford to lose in forex trading however, money management and risk mitigation comes up with spending some time in the live trading markets.

Yeah agree, that's why I use 1:50 leverage with HFM and pretty tight swaps to keep loss limited as much as possible.

Share this post


Link to post
Share on other sites

This may be the toughest way forward, but it may lead to the biggest reward... Reduce your trading plan to automated code. My process goes something like this:

  1. Choose an instrument, e.g., MES futures, GBPJPY, etc.
  2. Determine the best chart structure (by eyeballing the price runs) for that instrument, e.g., 10 tick Renko bars, 10,000 trades volume bars, 12 minute time bars, etc. (I formerly auto-traded naked 55 pip Renko bars 24/5 on the GBPJPY at IG brokers... 2 reverse bars in the same direction = in, and 1 opposite reverse bar = out. It traded standard lots well enough that they terminated my live account. The nice thing about Renko bars is that you can simply count the bars in each run and take notes using pen and paper, and then multiply one bar's cash value by each win/loss bar count--minus spread, and +/- swap.)
  3. Determine whether indicators are needed to improve identification of the price runs, e.g., linear regression lines, a 13 x 50 period EMA cross, etc. (It doesn't have to be perfect. Even if the strategy appears to be a breakeven or a slight loser, it might be worth further refinement. See step #5.)
  4. Reduce your strategy to code. IMHO, the easiest languages to code are probably EasyLanguage, Pine script, and MQL4 (in that order). MQL5 isn't too tough if you're already an advanced MQL4 coder.
  5. Backtest and auto-optimize the strategy that you've coded, across its inputs/settings, the chart structure/timeframe to which it's applied, and/or other instruments. (An unprofitable strategy applied in one manner can be profitable when applied in a different manner within the greater universe of your trading platform.) Depending on your given platform, commissions, swap, and/or spreads may or may not be included in backtests.
  6. Demo test your automated strategy, forward. Again, commissions, swap, and/or spreads may or may not be included.
  7. If your results are undeniably profitable (taking into account the differences between demo versus live trading), go live.

Share this post


Link to post
Share on other sites

Update to the above Post...

  • Re-optimize your strategy periodically (as appropriate for your strategy's given trading frequency) to make sure that you're always applying the strategy in the most profitable manner as it continues to trade, e.g., re-optimize weekly, monthly, yearly, etc.
Edited by RJo

Share this post


Link to post
Share on other sites
On 10/19/2024 at 4:58 PM, RJo said:

Update to the above Post...

  • Re-optimize your strategy periodically (as appropriate for your strategy's given trading frequency) to make sure that you're always applying the strategy in the most profitable manner as it continues to trade, e.g., re-optimize weekly, monthly, yearly, etc.

 

Edited by RJo

Share this post


Link to post
Share on other sites
On 10/30/2024 at 2:22 PM, aimhi said:

Thanks for sharing, also have a demo for backtesting and refining any current or new strategy before implementing on the live accounts.

👍

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.