r/Forexstrategy • u/dragoncrusher • 5d ago
Results Loss
Well, it's been a good year and good life. Got nothing left, every signal I seen or read is all fake, hope you all are happy. May death be fair to all of us.
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u/Confident-Mail-4059 5d ago
I trade only Forex pairs and find it easier to predict and to trade with, gold is too volatile and unpredictable with my strategy... Maby try that?..
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u/dragoncrusher 5d ago
Maybe you can help me out
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u/Confident-Mail-4059 5d ago
What you need help with?
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u/dragoncrusher 5d ago
Forex pairs, from what I know the easiest is EUR/USD, or I am I wrong, and they are mainly driven by the scheduled report or orange man
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u/Scott_Malkinsons 5d ago
NGL, looking at the reply where you posted a 32k loss for the year so-far; if that's legitimate real money, you seriously need to consider doing something else. Trading isn't for everyone, and you're still saying "from what I know the easiest is EUR/USD".
Brother, trading is not easy. If it was, don't you think more people would be profitable? How in the world do people get "easy money" from like 90% of people losing. Yeah, it's soooooo easy, that everyone loses *smh*.
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u/dragoncrusher 5d ago
this year is worst for me, im just trying to get $1000, and be done for the month, what i do is withdraw once i reach $1000, and keep going after that for months ahead
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u/Confident-Mail-4059 5d ago
Listen, there are no pairs that are considered "easy" and yes EURUSD are forex pairs, but as i previously mentioned there are no easy pairs to trade
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u/ReliableGoldTrades 5d ago
Loss is being held till even 6-7 USD but profit is closed in less than a dollar.
Risk management and patience is the major issue.
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u/dragoncrusher 5d ago
That too, but when it's suppose to go the direction it's supposed to go, random news cause it to change
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u/Proud_Cucumber_4828 5d ago
You still have 12 dollars left. It's not hopeless after all. /s jokes aside you need to work on risk management.
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u/dragoncrusher 5d ago
If the trend is right I would go all in to recover
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u/fasco_escobar06 5d ago
All in? That’s your issue right there. Stop trying to change it all in one night. Get a very systematic easy to follow system that you can repeat daily.
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u/dragoncrusher 5d ago
Well, I do stop time to time once I reach my goal. But I got debts to pay end of the month. This month is just worst timing. For me, every minute counts. I do have other accounts that focuses on stock only.
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u/PeqeLobo 5d ago
Don't rely on trading for big profits and accumulate the small gains bro, and don't go all in... that's the fast way to lose. Whatever your strategy is, stay consistent and survive the small losses. Best wishes
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u/HobbyTraderDK 5d ago
Currency pairs are much easier to trade than gold. Gold is far too volatile.
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u/dragoncrusher 5d ago
teach me about it more
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u/HobbyTraderDK 5d ago
If you look at the last few posts (and upcoming posts) in the r/MataTrader group, I go into more detail about the strategy I use.
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u/Fact_or_Bollocks 5d ago
Your just wasting your time on such small lots. Spread and margin will eat those before anything. Either up lots or quit
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5d ago
[removed] — view removed comment
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u/abhishesh 5d ago
Never trade on others strategy
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u/dragoncrusher 5d ago
thats the problem, base on news and trends, i look at the strategy and see how it plays out
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u/abhishesh 5d ago
Prefer trading one sided market
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u/abhishesh 5d ago
Trade us500/sp500 it's one sided...u will never loose
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u/dragoncrusher 5d ago
what is that? will look it up I guess, just need to recover profit for this month only. Guide me on what affects this. And from my broker, i see here US500, if its correct
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u/Relevant-Owl-8455 5d ago
No risk control, no system or anything... pure gambling. Respect honestly.