Are you holding many positions on EUR?
Or were you scalping or something?

Bro, when you do fully technical, you are dealing with total randomness. Hence, you will experience this from time to time. Following the fundamentals also will not guarantee that you will not experience these. For example, the SNB crises recently, even hedge funds have to close down.

Don't give up. Cheers.

1. I started trade bursa since I'm 16yo then slowly divert to forex
2. Been trying forex for demo OFF & ON and burst demo plenty of times but still never give up
3. Until enter real trading, first month burst total of RM24000. From here I start learn how to trade. Is RM24k not 2.4k(Money from savings. I'm not rich family boy)
4. Frust and stress all the time during trading. Slowly learn, watch YouTube and discuss with trade buddy every time possible
5. Found out my own trading method and techniques and start making back everything I had lost
6. Giving guide to all and most of them are very successful now
7. What skill I'm using? Plainly from my bursting experience and some add-on from the field.
8. Now trading for luxury(Eg, better quality rice, better food and drinks, more holidays) not aiming anything as money already divert to many places and return is good to cover everything
9. I don't fancy supercars only drive a small car since now. No much commitment as all focus on family.
10. Discipline and not being greedy is my key point of successful trading

GU and EU ranging with tight range today. Not making any good trades. lets see tomorrow. Anybody got good closed post today>?

Got some profits on my stop loss. But nothing much. Was expecting gu to continue its bullish trend.

Not much.. Short bout 20pips for GU but my gold making awesome profit

i have no issue at all

using cc/debit card is 30min

if not within 3-5 working days depend on your local gateway payment

hi, justto inform. i already funded by account via telegraphic transfer cimbclicks. took only 24 H

Hello guys, mind sharing what's your trading plan?

To me: pinbar, H4 @ D1 only, SL 50-70pips, discipline & patience

Happy trading

Thanks for sharing. You got some interesting facts.
What do u consider as an "edge"? How do u determine one? Do you stick to one strategy whether winning or losing for a certain period of time, forward testing in order to deem it's worth to continue or give up and try something else?

When it comes to finding the right strategy for ourselves, I think it's important to "fail fast". Motivation and energy will drain. I always wonder how the traders keep the motivation high up to keep moving on. This is something that I wanna learn from fellow traders here.

some newbie gonna die ..... lol

gold support pretty good...

Hi Zanmai,

I went through exact the same scenario from Point 2 to Point 8 as you (which i believe, all traders should face). I burst multiple accounts about 3 to 4 times in the total amount of approximate RM 8000. Since then, losing trades make me a better trader.

For now, consistent profits also allow me to strategize my profit earnings. I have started some fund management (by giving customer fixed 5% profit of their initial investment every month).

So far, the profits gave me to your scenario (Point 7). Trading is actually part of my passive income along with properties. I have been able to keep my salary (active income: Da Gong Zai's pay) untouched and park at Singapore bank,Maybank.

For Point 10, AGREED. DISCLIPINE !

Let the greedy one die.. Then they will listen to advice

I also having my personal group funds investment but I did not do like how u did. I give back them what the investor deserve.

open my roboforex cabinet today, didnt noticed that i got so many coupons available to giveout to others. its a free deposit coupon 15 usd . hahaha. but none of my circle of friends even care about it when i want to give them.

apparently if you hit certain amount of lots traded on the account they will give youo the coupon to be distributed to others.

An edge is an exploitation of the market's nature. It could be statistical or discretionary. Curve fitting of indicators are not an edge. For example, if you take EMA 10 crosses EMA 50. And you find them not profitable then change it to 11-48 for example, that it not an edge. Market will change, because it is random technically (it is not if you know then fundamentals). The Turtles was using an edge somewhere in 1970 or 80s based on Donchian channel. That was the edge, because it gives statistical advantages. Somehow, a few years back, about a decade or something, it started not to work (on EURUSD). So:

1. If you found an edge, keep it. If you give out, once others start using it, you will lose your edge.
2. You have to stick to your strategy no matter what. But if you notice that it gives you unusual losses, you probably have to check your edge again.
3. The only free lunch in Wall Street is diversification. Try diversification and you will understand.
4. Nothing could motivate you better than your will or desire to be successful and make money.

Are you sure you give back? I thought you charge 50% on profits? In short, they gain 50% and you get another half.

Yup. I do. Thats what they deserve than monthly that few percent. I trade for a charge, i dont do stuff for free. Even you pay for your useless signal aint you?

No need to question me, based on our last conversation you are not the only one trader wanna work with me. But too bad im not interested with profit sharing for signal selling. Unless $5000 per month fix just kidding.

Would suggest you put more effort on your trading instead of thinking wanna make quick bucks. You are smart enough bro, utilize it.

This post has been edited by Zanmai0146: Jul 1 2015, 11:31 AM

haha... I think you are too over. $5000 per month without showing me any proven records but only want to show me when meet but charge me $100 per hour....

Think of it.

And also: Using XM as broker.. bucket shop broker....

This post has been edited by jack2: Jul 1 2015, 11:34 AM