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[CashSplash]

Hope you haven't given up yet, hold on very tight the bright days are very near. Please trust me when I say your happy days are very close, and when the do come just remember my post, they aren't far not far at all....

[Rich14304]

Cashsplash post does have merit. But you MUST consider your own situation and evaluate your conditions before the crystal ball makes you better.

You MUST identify what the problem you are having is. Simply follow a step-by-step logical procedure.

Sit down before you even consider taking another trade and write each and every step you take PRIOR to entering the Market.

Once you have an understanding of your procedure it is normally easy to discover a resolve.

Take the time to assist yourself by writing out EACH STEP you take. Then feel free to ask any questions that will help you.

Without knowing what is wrong or what to ask, it makes it difficult to provide a clear or helpful suggestion.

Thank you for your consideration.

Rich
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[Shuvalov]

Originally Posted by Rich14304

Cashsplash post does have merit. But you MUST consider your own situation and evaluate your conditions before the crystal ball makes you better.

You MUST identify what the problem you are having is. Simply follow a step-by-step logical procedure.

Sit down before you even consider taking another trade and write each and every step you take PRIOR to entering the Market.

Once you have an understanding of your procedure it is normally easy to discover a resolve.

Take the time to assist yourself by writing out EACH STEP you take. Then feel free to ask any questions that will help you.

Without knowing what is wrong or what to ask, it makes it difficult to provide a clear or helpful suggestion.

Thank you for your consideration.

Rich
x

That sounds reasonable

[hale24]

Originally Posted by Rich14304

Cashsplash post does have merit. But you MUST consider your own situation and evaluate your conditions before the crystal ball makes you better.

You MUST identify what the problem you are having is. Simply follow a step-by-step logical procedure.

Sit down before you even consider taking another trade and write each and every step you take PRIOR to entering the Market.

Once you have an understanding of your procedure it is normally easy to discover a resolve.

Take the time to assist yourself by writing out EACH STEP you take. Then feel free to ask any questions that will help you.

Without knowing what is wrong or what to ask, it makes it difficult to provide a clear or helpful suggestion.

Thank you for your consideration.

Rich
x

that's a good thing to follow. it's a very simple way to solve every problem.

[Rich14304]

Hale,

I have to agree with you (I wrote the post LOL) but if everybody would really think through the problems and take steps, most of the time, the folks will figure-out the problem themselves.

But if they cannot discover the problem, it may be very useful to all of us members that help each other to understand the steps THEY took.

Maybe we can get Admin to consider using this idea for a Sticky for the questions on procedure and resolve.

Personally, I believe it may help. Maybe call it something like, Have a Problem...Follow this for Quick Resolve.

Then if folk would follow it, it provides a step for step for anybody that is seeking assistance and also for those helping.

Just a thought,

Thanks Hale,

Rich

X

[decipherforex]

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.

I've read that you have tried softwares and you said "Nothing really worked".

To tell you, there's a lot of forex trading softwares around the market promising good leads after you have installed it. But let me share you a site where I have learned things about Forex the time I entered trading. (Edit advertisement)
Visit this blog too! (Edit advertisement)

It has posts talking about forex that could help you.

If you still got hope, why not give it a try. There's nothing to lose if its FREE.

(Readers: Posting advertisements in the body of messages are against site guidelines. Please Update your Profiles to include 'hot-links' or other vested interests with the use of your signature. Thank you. Rich)

[twilight]

You’ll never accomplish anything if you continue in your comfort zone without making an effort to improve your trading skills. If you haven’t signed up for a forex demo account yet, it’s time to start one and practice. Good luck on your trading career!

[Shuvalov]

I think there is little point in playing demo account for a long time. Demo differs from the real one in terms of psychology. It would not be easy to play on real money after demo. Though demo can help you to learn how to push buttons in your trading platform and to develop your strategy

[Rich14304]

X

Readers,

You may consider the TOPIC as it is a reflection of:

"Giving up on Forex; any last chance advice?"

I think I would reserve LIVE accounts, go to DEMO is only Logical.

The issue actually is, whatever had been 'missing' in the trading structure was the ROOT of the progressive losses.

The only resolve for this: evaluation of procedure.

Case in point, most do not guide themselves with set instructions or the instructions are flawed.

The conflict of indentifying either a lack of procedure or flawed analytics is a simple but effective measure.

A STEP BY STEP.. drafted out a a piece of paper EVERYTHING one does the moment FOREX pops into their heads and they migrate towards their computer.

Analysis is NOT a happy-go-lucky approach and those seeking advisement for a "last chance" should go BACK to the drawing board and determine the TRUE ROOT of the problems they face.. then ask questions on procedure AFTER they have their outline completed to compare responses against.

Hope this helps,

Rich

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[bobneedham]

I think the sad fact is that there are a lot of companies today which make forex trading look like it's profitable without requiring additional effort from the player. This is a fallacy. If you don't have money to lose, then it is best not to trade at all, because you will certainly lose some amount.

All trading courses will tell you: start with a trading strategy and learn how to manage your money. Sometimes the key to succeeding in forex trading is learning where to draw the line. When do you buy, and when do you sell? Should you take a smaller profit and lower your risk or wait for a bigger profit and increase your risk? It all depends on the kind of discipline you impose on yourself.

Also, you should find forex brokers which have low spread such as MARKETING). Just make a search on google for their sites. Both of their platforms are fairly easy to use and they also offer tools that can help you make your decision.

If you have enough money to spare, you might as well get a broker to make the decisions for you. This way, you don't have to pay extra for charting software, and signals. Of course, you should make sure that the broker is accredited by FTC and other agencies so you know you're not being scammed. FTC http://www.ftc.gov/
(THE NFA http://www.nfa.futures.org/BasicNet/) issued an advisory warning traders about financial fraud, the signals they should look for and other stuff.

I hope this helps! I think it would also be a great idea if you posted some of the strategies you have used in the past so we can see where you went wrong. Maybe you'll also help others who might be using the same system as you are.

[Rich14304]

X

To: Giving Up on Forex Any Last Chance Advise,

IMO, if you are serious about wanting to SOLVE the problem you are facing, I suggest following this advise.

The problem you are facing more likely than not, can be corrected.

But there is only one way the Community at Large or in Part can assist you.


First: if you are trading live;

STOP IMMEDIATELY and RETURN TO DEMO UNTIL THE PROBLEM IS RESOLVED.

The recommendation for conflict resolution would be to sit down this very moment and LIST out each and every action you take from the moment you decide to engage the Market.

This includes, prior investigation (checking or comparison of other pairs or stocks or whatever correlations)

Then write out the steps you take in your analysis, each one.

Be specific. The more detail you provide, the better.

Why are you going to take this trade? That is a good premise to build from.

Once you have that wrote, you probably have already discovered what the problem is but in the event you have not, POST YOUR LIST.

We will make a comparitive study and make further recommendations and or suggestions at that time.

Factually, we are here to help and the only way we can, is to actually know what the problem is through analysis of your actions.

I truely do hope this helps.

Rich

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[TraderBobR]

Hi,

Check this: Nav N Trade at Nav N Trade.
Although their service is for stocks, ETFs, futures trading now, they will soon provide forex and options as well!
Well, I guess if you are successful in trading stocks for example, you won't be unsuccessful in trading forex. A professional advisor may helps you learn and discover.
Good luck,
Bob