Why am i losing money in forex

This is a discussion on Why do I keep losing money at forex? I've also read piles of books Why do I keep losing money at forex?

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Community Links Members List. Apr 27, , 9: I've been studying the foreign exchange market hours each day for over a year. I've also read piles of books on technical trading strategies, economic indicators, market timing, psychological discipline, stocks, bonds, futures, options, etc.

I practice trading forex on a demo account as well as on a real mini-lot account.

I'm seriously beginning to think that NOBODY trading forex makes any money in the long run. I don't just say this because I suck, but because I think it is statistically impossible to win at a game of random incremental price movements after paying a spread. Don't get me wrong when I call it a game: I take trading very seriously.

Does anyone consistently make a profit trading forex? Please don't answer this question in the affirmative unless you yourself make consistent profits.

Apr 27, , This is a great interview with Peter Brandt: Interview With a Trading Legend, Part I Mercenary Trader I also found this very useful: Last edited by Mr Woozel; Apr 27, at I think, Ezekiel Chew a asia forex mentor makes consistent profits in trading.

Apr 27, , 6: Originally Posted by mercuresfrez.

Apr 27, , 7: Originally Posted by Mr Woozel. Last edited by intradaybill; Apr 27, at 7: FWIW, I think you're more likely to make a profit by concentrating on a few major indices, even if logic says FX would be easier to trade.

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Also, beware of spending too long on demo. Once you're familiar with a platform, use real money with small stakes assuming you're somewhere that SB is possible and aim for consistent results with no major swings in account balance.

Maybe you should try selling trading systems to uninitiated and make money from fx that way. Just out of curiousity - what are you selling?

The following members like this post: It's impossible to say why you are in this predicament as there is insufficient information in your post. It could be that you don't have an edge proven across many 's - 's of times it has set-up, or that you ahve the wrong money amangemnet startegy with that edge, or that you have not mastered the psychological challenges that trading can present us with, or a combination of both or all three reasons.

Everyone has their own view of the market - whether it be that it is chaotic or random or has form - like elliot waves, but I think you are wrong in your central assertions that ' Do you know if your edge has a positive expectancy?

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I would also doubt that 1 year is anywhere near long enough and that you should be thinking more before you may just start to see some results.

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LinkBack LinkBack URL About LinkBacks. Notices Join T2W today and enjoy a great package of benefits Page 1 of 7. Originally Posted by mercuresfrez Does anyone consistently make a profit trading forex?

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Originally Posted by Mr Woozel This is a great interview with Peter Brandt: Originally Posted by mercuresfrez I've been studying the foreign exchange market hours each day for over a year.

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