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My Forex Story

Hello amazing forex community, a quick brief introduction about me. I'm 19 and I've been learning about the forex market for about 3 years now. been pretty consistent the past 8 months as I've found my strategy and way of thinking after many many many hours and countless nights of research backtesting etc. Went through the whole phases of looking for those magical indicators, systems etc, following signals providers and all of those fake ig guys. Finally learned proper trading mentality after reading trading in the zone and after I lost 2.5k in just one day losing 30%ish of my account just hoping it would turn( but we've all bee there lol). Or seeing 1.5k profit turn to 300 because I was money hungry. like they say price action is the best and primarily trade naked charts now with support and resistance levels. and I have my trading plan and trade management. I've mentored a buddy of mine for the past 6 months and he's about ready to go live. I took this semester off college to focus on trading full time. primarily focus on the daily charts and look at 4hr and 1hr for entries when approaching a zone

submitted by 19ForexPlayer to Forex [link] [comments]

Forex stories

Hi. Any forex traders here who care to share their stories and experience?
submitted by awesomeaza to singapore [link] [comments]


So lately this guy has been trying to contact me on IG. I know it's too good to be true i.e. he posts about vacations, working from home, checking his notifications to see that he's made $4000 in one day etc. I'd never heard of it so I googled forex and came up with foreign exchange market? Doesn't seem like an mlm from what I see on Google but there's a lot of stuff I read in the search results I don't I decided to give you guys a try. Maybe it's an investing strategy? I don't know smells very fishy and scammy so obviously I want to know more. Haha!
EDIT: Received auto message from group with a list of mlms to check out. Forex was on now I pose the question:
Anyone have any forex stories?
submitted by mateogv to antiMLM [link] [comments]

Found Chris' muscular British cousin advertising Forex trading on an Instagram meme pages story

Found Chris' muscular British cousin advertising Forex trading on an Instagram meme pages story submitted by IHateOtherRedditors to ChrisRayGun [link] [comments]

What's the story with all these forex traders/scammers on Instagram?

Any young people (or anyone else at all, I got roped into this when I was a naive 21 year old) on here heed my warning when I say avoid these people. They are making zero money from their trades and majority of their money is generated by trying to get suckers like you & me to sign up and deposit money that we will eventually lose.
Think about it if they were really so good at investing and their returns were as good as they promise why the FUCK would they waste their time trying to teach someone else to do it and potentially ruin their trading strategy by loads of people adopting it?
These people are con artists/marketers and they only make money from you, not from trades.
submitted by TaytoFanBoy to ireland [link] [comments]

Forex Trader success/Inspiring story

We’ve all been here for a while, some of us are struggling, some of us are making some wins and progressing.
Wouldn’t be good if we take a step back from all the TA and FA, take a deep breath, and hear some success/ inspiring story from the traders here?
Share us your stories you successful traders! What’s your “AHA” moment, or the turning point that you’ve made that make you from negative to profitable?
submitted by Billbabaganz to Forex [link] [comments]

Haven't had a single Losing day sinceFebruary

Haven't had a single Losing day sinceFebruary
Hey guys, So this is my Forex story so far.
  • Graduated from Engineering in April 2018 from a top University in Canada. Started trading Forex in October 2018.
  • Fell in love with it. Since I am strong in Mathematics and statistics. I loved looking at numbers and graphs all day.
  • Opened a demo account on Tradingview. Lost 20% value in First month. Infact kept loosing until December 2019.
  • Started to learn about trends, currency strength and currency correlations.
  • Modified some indicators available on tradingview. Performed some studies on highly coorelated currencies like EURGBP, AUDNZD.
  • I simply trading using my currency strength algorithm and only look at stocastic or RSI for entry points.
  • In the last 30 days I have grown my demo account by over 35% and haven't had a single losing day. My win percentage is over 95%. I have proof if you guys want.

So my question: Do you think what is happening with me is a fluke?? Should I open a real account? Am I ready. Has anyone experienced this??
These are the trades I made today
submitted by alwayslearningg to Forex [link] [comments]

No more losses in your #forextrading! Minimizing the number of losses and maximizing the winning trades is the key to success! Get help from the excellent, #norepainttechnica indicator -#Pipbreaker, and make your forex trading a success story.

No more losses in your #forextrading! Minimizing the number of losses and maximizing the winning trades is the key to success! Get help from the excellent, #norepainttechnica indicator -#Pipbreaker, and make your forex trading a success story. submitted by Wetalktrade to u/Wetalktrade [link] [comments]

A forex mlm recruiter IG story

A forex mlm recruiter IG story submitted by jswats92 to antiMLM [link] [comments]

Forex Scammers Story

Forex Scammers Story submitted by M603m to Forex [link] [comments]

Do you have a story about signing up for one of the online “day trading” “online marketing” “forex” etc. mentorship programs often touted in YouTube ads and if so how was it?

submitted by urlradar3 to askweb [link] [comments]

Do you have a story about signing up for one of the online “day trading” “online marketing” “forex” etc. mentorship programs often touted in YouTube ads and if so how was it?

submitted by urlradar3 to heryerdeonline [link] [comments]


Im about to get my feet wet in forex. Would be nice to hear some stories (success or not). Would be good to have good stories so it can motivate me!
submitted by jchai7 to Forex [link] [comments]

The Story of a Forex Margin Call. Tom.

The Story of a Forex Margin Call. Tom. submitted by Koala_Confused to Learn_Forex_Trading [link] [comments]

Your money story could be joyous or miserable so far due to Corona or something else. But, today is the time when you can change it into a better one by listening to the experts in Finance, Fintec, and Forex trading business at

Your money story could be joyous or miserable so far due to Corona or something else. But, today is the time when you can change it into a better one by listening to the experts in Finance, Fintec, and Forex trading business at submitted by edithadhanushya to u/edithadhanushya [link] [comments]

My story (still strugglin) and how Forex broke me in more ways than one + need support

we all know the stats, although I have yet to see them official somewhere. Nevertheless, 90-98% of traders fail.
Reasons are many, most of them give up within a year. You know the bunch, saw some flashy indicators and stuff, thought "hey, whats so difficult, I'm gonna trade this MA crossover" and they have a winning run and feel high and mighty until they go down burning.
Then you have the people on the right track, where they still get tired after many attemps at a profitable strategy.
Then, you have people who finally have an approach in terms of analysis, and then they realize the entry technique is just half of it - and suck at exits, leaving their stops unprotected, or watching idly as the market brings them into 30 pip profit just to reverse and whip their stops, only to continue afterwards.
And finally, you have the people who have an approach, have a full on ready strategy, know how the market moves, and start losing money due to FOMO, and emotions in general.
I'm one of those people. And that does not make me unique, I know that, but what is also a fact, and is giving me a hard time today, is something that is not often spoken about.
You see, I actually stopped overrisking and I mitigated FOMO. I put scripts on my platform to manage my risk instead of me, locking me out if I risk too much. I automated that part, and now I face the weirdest of all issues.
I have a profitable strategy, giving a really nice R return on backtesting and forwardtesting. But, when I put money in, I bail out. I trade it, it's not that I'm scared, but I fail to believe in my own making.
And I have been at it for 6 years; this is not an overnight thing. The strategy I made, it took me 6 years to make it mine and perfect it.
Yet, every time I take a couple of losers (whilst I know my strike rate is below 50% and a couple of losers in a row mean absolutely nothing) I look at what others are doing. I go to fintwit, or I read some new (or old but forgotten) book. I caught a couple of losers and started scalping (my main strategy is swinging on 1hr chart) on the 1 minute chart, b/c I read a book some time ago, teaching that method.
I've lost 30+ accounts (i don't demo trade, i deposit a micro account of ~100 usd just to test stuff) and losing is now embedded in my psyche. Every time I make a loss, my mind is so broken, I bail and look for alternative methods. Many untested. And I try to alternate my strategy in the fly.
As of writing this, I should have acted on a very nice signal on eurusd, perfect on my strategy. Screenshot
Instead, i had a crappy day prior, and started doing this

You always hear about them. Greed, Fear, and all the other emotions that ruin a trader; but they refer to specific entries or situations.
What do you do, when you can no longer trust your judgement? When you lost all faith in your own doing, feeling everyone else is better than you, trying to emulate other people's work... Even if you don't even have full access to it? When you are so broken, you don't trust yourself, even with a couple of dollars? When you feel you'll never crawl out?
How do you get out of the abyss?
submitted by crypthon to Forex [link] [comments]

Question for those with “average” success stories trading forex

Those who are consistently making decent profit ($200 to $500 or so return a month). 1. How much money did you initially start off with? 2. How did you learn to be profitable? 3. Best course, book YouTube videos or anything to learn how to be profitable with forex?
submitted by Flyboyrs to Forex [link] [comments]

That Time I Gained 337.59% In One Week - Storytime

Just a quick story on my biggest gain in one week, which I'll more than likely never do again because my risk tolerance is not as high anymore.
But before: I highly discourage anyone especially the newbies on here to risk as much or trade in the following manner.
It was late May and I was popping off from paper trading, I must've hit 20+ take profits with no losses. I was growing a demo that I started with $70 two weeks prior and I was already at like $623 lmao, in only two weeks??? So of course I thought I was a god.
I saw some better trades coming up and decided it was time to get back in the market with some real money. I had $75 from freelancing, I got $60 as a covid grant from the government and my mom gave me another $60 to trade in the casino (Forex Market). So it was time.
I got into trades Sunday night (May 31) as soon as the market opened and they were already doing well the next morning. Here's a screenshot I sent showing off my gross trading prowess and the positions I had opened:
I stayed diligent and took my setups just as I would in demo, and fast forward:
I got way too overwhelmed and closed some shortly after, and ended the week with no losses, 1155.5 pips, 9 trades completed and net $651.41. I thought I was the best trader ever but luckily I withdrew half of it and took my steady, inevitable losses after :)
Here's all the trades I had made (I didn't know about myfxbook but I had recorded all my trades in a nice little excel sheet to help me with risk and I still do - I'm currently making it into a nice little software):
The statistics from excel:
Strategies: Breakouts, Swings (S/R) and Trends.
Risk Tolerance: I was literally risking about 25% of my account on trades and whenever the trade took off, I considered it 0% risk so I could re-enter more so I didn't have to wait until close.
Why I probably will never gain this much in a week again:
  1. Risking 25% on a trade is downright awful unless your account is super small.
  2. Deeming a trade 0% risk is never true unless you have your sl in profit (most times I didn't).
  3. I'm okay with not gaining quickly, now I'm just about protecting my capital.
What I learnt:
I did take some good trades so there's not much I could've learnt, the weeks after though did teach me:
  1. Not to risk that much on trades
  2. Go for slow and steady gains
  3. Stay out of the market as much as possible.
TLDR: I went from $193.48 - $846.64 in one week by taking big dick risks and then lost half of it later, lol.
submitted by proskaterlegend to Forex [link] [comments]

Where's the option for "pls stop spamming ig stories with Forex stuff"?

Where's the option for submitted by loucanfly to antiMLM [link] [comments]

The comedy how I lost all my money in two hours

I'm trading for 11 months with pretty good success.
I never traded metals and forex before, just stocks. Today when gold started to consolidate at the last hour, I decided to scalp short it with a large amount, so I opened 100 lots. I haven't realised, in forex 100 (lots) doesn't mean "100 pcs", because I used to stocks and I went full retard without knowledge.
Seconds later, I realised it means 10 million dollars (1 lot = 100.000, and I had 500x leverage).
It moved up a bit and immediately I was down £4000. I scared as fuck and rather than closing the position quickly I hoped maybe I could close break even.
The market closed, and I waited for the Asian session. The gold popped like never before, and I lost all my life savings (£55000) in less than two hours. (including the 1-hour break between sessions).
If I count that I lost all my earnings as well, I lost around £85000.
Here is the margin call
IC Markets closed my position partially in every 1-2 minutes until I shut it myself at £35.
You know the rest of the story. I'm depressed, crying and shouting with myself.
Yes, I know I was stupid, thanks. I just wanted to share this with you.

Edit: WOW THANK YOU, GUYS! I haven't expected this, but you help me.
Many of you asked the same questions, I answer it here:
- I live in Europe, and we usually trade CFD's, not futures.
- Currency in GBP.
- As you can see, this account made on IC Markets. They not just allowing you a 500x leverage, it's the default.
- You can ask me why I went against the market. Because gold is way oversold? Because I expected institutions would sell their shares before gold is hitting £2000, leaving retails hanging there. Also, as I said, I wanted to scalp, not riding the gold all the way down. If I had a loss of £100, I would close the position immediately. But when I saw the £4000, my heart is stopped, and my brain just freezes.
- I went for a revenge trade with my last £2k, and I don't have to say what happened. I uninstalled the app, and I give up trading for a while.
- Again, in the past months, I was cautious, I lost a significant sum in March, but I managed to recover. Made consistent gains, always with SL. This is just an example of how easy is to fuck up everything you did.
- I didn't come here for some shiny digital medals. I can't tell about my losses to anyone who I know in real life. I would make a fool of myself.
- Anyone who attacking me that it is a scam. Well, think what you want. I feel terrible and the last thing is to answer all the messages saying "You fucking karma whore". I don't give a shit about karma.

submitted by fail0verflowf9 to wallstreetbets [link] [comments]

@AlphaexCapital : USDCHF and USDJPY tried to go lower but the boy that cried wolf stories can't phase the market for long #forex #investing #bitcoin #crypto #xrp #btc #eth #forexsignals

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

antiMLM | Image | "Friend from high school posted this on his story after people were calling him out about Forex referrals"

submitted by transcribersofreddit to TranscribersOfReddit [link] [comments]

FULL TIME FOREX TRADER - Tells The TRUTH - YouTube FOREX IS NOT WHAT YOU THINK - MY STORY - YouTube FOREX CHANGED MY LIFE!+ 30K in 1 week! - YouTube The Truth About Forex Trading (My Story) - YouTube Struggle To Massive Success Stories  Forex Trader ...

Successful Forex traders know that trying too hard is a sign that something isn’t right. This is different from studying hard. As a new trader to Forex, studying the market is highly recommended. For instance, you can’t spend too much time learning the ins and outs of the various currency pairs, or how to draw key levels. The harder you try ... Reading stories of successful Forex traders can teach you to be a great trader. Here are stories and tips from 11 successful traders you can learn from. Dr Mangudya said the auction system was transparent. “For one to suggest that the forex auction process is not transparent is hypocrisy and such people should not be taken seriously,” he said. A new Forex article was added to my collection today. Hearing another success story of the Forex trader might as old to some people, as motivating to others. I think this one will be at least useful to many Forex traders. Experienced and professional Forex traders can say that part time Forex trading can’t be good and that it will always lack ... Let's begin our review of some of the best Forex success stories by looking at one of the industry's legendary beacons of good fortune, George Soros. If we were to ask, "Who is the greatest forex trader? " Soros' name would certainly always figure high on any list. Mr Soros is known as one of the greatest investors in history.

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