Giving up on Forex. Any last chance advise?

[adrazz]

Originally Posted by astro

I don't understand why so many members keep posting their advice to this guy.
He started this thread 2 years ago!!!!
He has either wasted his remaining $1000 or become a millionaire!
Anyway, he doesn't need any advice by now

Astro

lol that is so funny

[sunabeach]

I think the reason why to post here or in any other topic... is to learn and or teach others. The original poster may not even be here on earth. Does that stop others from learning and/or laughing. Better than crying unless it is all the way to the bank.

[Piptopia]

Hi Trader...question... What brokerage are you currently using? this makes a difference. Forget about alert services..one cannot monitor their trades 24 hours a day.

Piptopia

Originally Posted by fxtrader01

I have been trading forex for more than 6 months now. My capital was borrowed money. As a novice, I didn't want to make mistakes. So I spent money on 4x Made easy software, Alert services, Charts, datafeed etc. Nothing really worked. Then started trading based on my own instints. That was a disaster. Now I am left with the last 1K.

I promised my wife to at least recover the initital capital and repay the loan. I am holding on to the last 1K left with me. If I loose this remaining capital, that is the end of my trading career. I don't think I can trade my own anymore. I need a simple system that would make a few pips gain every week/month. Can anyone suggest any system/platform/indicator/software that would help to achieve my goal?. I am not greedy, just want to recover the money lost.

Awaiting for the last chance advises from the experienced.

[GAD464]

In Regards to 4X Made Easy what did you think? I have that program and using it has not worked well for me. And Hopefully I have finally figured out how to use it to my advantage. I ve found it is not good if you have a Mini Account and want to make a few hundred off of its signals as that would take 100+ pips. For me the program only works for a directional indictor on the Short term like 5-10-15 pips most, So I need a standard account and if you take the 10 pips or so with the progranm it will work - I Think - Any Agreement or disagreement

[sunabeach]

Almost everything, no make that everything sold on an infomercial is suspect. I know simple is best but doesn't that have red and green lights etc.

Sounds like that should make it easy. As easy as drawing with crayons. Thats what sells it. Anybody can do it, but if anybody could, we would all be stinkin' rich.

Time and effort and a little luck is the only way I have learned. Part of the learning process is learning what not to use. We all go down that path in the beginning and still get diverted every now and then.

[GAD464]

Sunabeach, thanks for replying
You are right the red and green arrows- It does tell you what the market is doing right now, what it has done(just like any free charting program) which every one knows. The only good I have found in it is to scalp trade and if you need to make money then you need a large amount (to me) of capital in an account (standard) to make it as the program gives you the right now, not refering to the Arrows part but the chartng part, and IF the right now shows double the Buying Power to selling power, its been my experience it takes 10-15 pips more in that direction before it changes, So you can have 3 standard lots in and make 10 pips times 30 dollars a pip = $300, its pretty easy with the program to pick the direction for 10 pips, but if one had a mini account with 500-1000 in it - it would take them 300 pips with 1 lot to make the same money-And there is no way that the program I am talking about can pick even 50-75 pips with any comfotable consistency

[forexsource]

Fxtrader01,

I think to recover your money, you need to minimize your loss and maximize your risk to reward ratio and to do that the best way would be to trade the news. After major news releases your trade can go up by 20-70 pips while only risking 9-10pips (very tight stop loss). Check out my Breakout Trading Strategy and I am sure you'll be able to end up with profitable trades.

Steve B.


-------------------
Forex 101 - beginner's guide and resources

[dalibor777]

-With this free system, you will always make money:


http://dalibor-forex.blogspot.com


I am 3 months in forex, and all ready making money.

Originally Posted by fxtrader01

I have been trading forex for more than 6 months now. My capital was borrowed money. As a novice, I didn't want to make mistakes. So I spent money on 4x Made easy software, Alert services, Charts, datafeed etc. Nothing really worked. Then started trading based on my own instints. That was a disaster. Now I am left with the last 1K.

I promised my wife to at least recover the initital capital and repay the loan. I am holding on to the last 1K left with me. If I loose this remaining capital, that is the end of my trading career. I don't think I can trade my own anymore. I need a simple system that would make a few pips gain every week/month. Can anyone suggest any system/platform/indicator/software that would help to achieve my goal?. I am not greedy, just want to recover the money lost.

Awaiting for the last chance advises from the experienced.