70% Account Drawdawn.

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trueblueTEX
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Postby trueblueTEX » Wed Jan 19, 2011 3:31 am

genlogins wrote:Tuition can be expensive in Forex. :lol:



No sh!t!!

10k wooohoooo!

What do I have to show for it?

White Belt!

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MightyOne
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Postby MightyOne » Thu Jan 27, 2011 9:45 am

trueblueTEX wrote:
genlogins wrote:Tuition can be expensive in Forex. :lol:



No sh!t!!

10k wooohoooo!

What do I have to show for it?

White Belt!


It unnerves me when people call losing money in their trading accounts "tuition"

If you open up a business then you are not studying to open up a business!

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Soda Stereo
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Postby Soda Stereo » Fri Jan 28, 2011 5:11 am

Genlogins,
I find it strange that having read hundreds of books none of them mentioned equity management rules. Anyway, stick to it and don't give up. Glad to see you're making progress. I haven't looked at the system you're using but make sure you like it. Its very important a trader is comfortable with their system, as they say it must align with your personality and must be easy to use and also understand. Make sure you also understand your risk/reward ratios and that you take trades that have at least a 1:2 risk vs reward. That way you can be wrong more times than right and still be profitable at the end of the month.
Cheers!

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TygerKrane
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Postby TygerKrane » Fri Jan 28, 2011 1:47 pm

MightyOne wrote:
trueblueTEX wrote:
genlogins wrote:Tuition can be expensive in Forex. :lol:



No sh!t!!

10k wooohoooo!

What do I have to show for it?

White Belt!


It unnerves me when people call losing money in their trading accounts "tuition"

If you open up a business then you are not studying to open up a business!


Image

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

aliassmith
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Postby aliassmith » Fri Jan 28, 2011 2:05 pm

MightyOne wrote:
trueblueTEX wrote:
genlogins wrote:Tuition can be expensive in Forex. :lol:



No sh!t!!

10k wooohoooo!

What do I have to show for it?

White Belt!


It unnerves me when people call losing money in their trading accounts "tuition"

If you open up a business then you are not studying to open up a business!


I get what you are saying MightyOne. The thing is you can start Forex
at least for a fraction of what it costs to start most business. So laying
out $1000 in a trading account vs. buying some guru's book is like
tuition. a small account was actully cheaper than my college books. :lol:

Put $1000 in your account every semester and get your Masters degree
in forex :)
Trade Your Way as Long as It Makes Money!

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genlogins
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Postby genlogins » Sun Jan 30, 2011 5:40 pm

trueblueTEX wrote:
genlogins wrote:Tuition can be expensive in Forex. :lol:



No sh!t!!

10k wooohoooo!

What do I have to show for it?

White Belt!





-------------------------------------------------




MightyOne wrote:
trueblueTEX wrote:
genlogins wrote:Tuition can be expensive in Forex. :lol:



No sh!t!!

10k wooohoooo!

What do I have to show for it?

White Belt!


It unnerves me when people call losing money in their trading accounts "tuition"

If you open up a business then you are not studying to open up a business!




----------------------------------------

UUUUUUUUAAAAAAAAAAUUUUUUUUUUUUUUUUUUU........................

A week out learning forex and I have lots of probs in this thread.

1- I forgot to "quote" this guy below, telling about tuition.




=================================================



wangyue22 wrote:LOL, sorry to hear you've lost 700 dollars. but what is that to you? you just paid tuition, hopefully get something out of it. Oh, i agree with you, i gained weight too over the holidays. my yearly cycle is start working out beggining of year, lost 10 punds, gain all back during end of the year, then start again next year. LOL


perseverance was the key to lose that 10 pounds, it is the same in the market.

I cheer you on, and happy trading




====================================



2- Of course FOREX is like any business. And you can start like any Internet business with as low as $1.


3- Like any business online and offline, you have to make a plan first, than start trading, and allways continue to learn more and more.

Those that are not able to get them selves up to read at least a few pages a day about forex, they should start a offline business like cleaning toilets. And even for that you have to have at least Health & Safety using chemicals.


FOREX IS A BUSINESS, FULL STOP.

You invest in learning to be good and trade, if at the end of 3 to 5 years you still losing money you should seriously thinking in going into business offline.

If you cannot trade Offline, buying the ingredients for cakes, mix, bake, and go sell to your friends and family. Than, get a JOB.



As off Tuition, we all pay to learn. If you think Internet gets you free learning, think again, who is paying the electricity bill, and if you go to the library that is free, who is paying the librarians and the internet on the library.

ALL, YOU ARE PAYING.......... from TAX or other.........

And if you are unemployed and not paying TAX, than you are paying with YOUR LIFE WASTE OF PRECIOUS TIME.

WE ALL PAYING TUITION, one way or another, and we always will from several forms.




NOW I AM GOING BACK TO THE LEARNING BY READING ALL THIS FORUM, OVER, OVER, AND OVER AGAIN.

MY ACCOUNT IS AT $10. I know that I ca grow as long as I pay attention, and focus TOTALLY on the trades and apply what I am learning from this forum.



THE END.
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The Way To Money Is Using Simplicity And Take Small Loses

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pawelklos
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Postby pawelklos » Sat Feb 05, 2011 2:17 am

Trading is not a business. This is just a game. If you have some money you can play and have a nice time.

Very similar in casino.

In the casino game specific rules prevail, in trading there are no rules.

A certain group of people say, play with the trend. What trend?

Let us observe that the three TF and never meet, Up, Down, Up. Which way you play?

The higher TF decide, but everything you see on a higher TF is now history:)

Every time I see someone write about science, then I smile.

What do you want to learn when trading is unknown:)

If the market moved according to certain principles then we would all be rich but who would lose?

Some thought into it, I've spent on the market two years playing on the m1 and m5, and I know what I'm saying.

Microsoft, facebook, avatar: D etc.. these guys did not play the stock market. This is a real business because they do not have to guess what will happen in 5 minutes.

Look at the top the list, there is no traders, or trading is actually a business, or rather a game where sometimes you win but lose in the long run because you did not decide where the money will go.

Prices can follow 50-100 pips per day, but what if you do not know when it will be an impulse, and in which direction:)

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genlogins
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Postby genlogins » Thu Feb 10, 2011 8:37 am

pawelklos, that was interesting.

In fact every time I am in a trade I have to change something, and most times I have to adapt.

My rules, that have to be with trading decisions are most of times adapting. But, my rules that have to be with everything that surrounds trading are actually always the same.
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The Way To Money Is Using Simplicity And Take Small Loses



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