So, have you got any new FX trades for us to review?
Turning $15K credit card debt into financial freedom
- Thread starter Redsails
- Start date
So, have you got any new FX trades for us to review?
He could be a troll, or he could be a beggining compulsive gambler.
Many cases of compulsive gamblers using the financial markets as their preferred avenue for gambling.
"The move from ordinary to compulsive gambling for these may start when they get married, when a child is born, or when for some other reason their responsibilities, domestic, financial or otherwise, are suddenly increased so that they are not sure how to handle them. They are faced with bills and not enough money to meet them. This is a common human experience but the compulsive gambler feels that the only answer is to gamble and try to win enough to pay them all at once."
We're all essentially gambling, if you cut to the chase.
(this is a Trading forum after all...not an investing forum or bond or CD forum)
Just because you're heavily diversified or are risk averse...that doesn't mean you're necessarily superior to the other person/trader...who's aiming for greater, more aggressive returns.
Gambler or troll...still...what fool borrows $15k at 36%.....
I'm able to secure a loan right now at $15,000 within 24 hours from TD Bank at around 9% and even I think that's extreme ...
36% hahahahahahah
Do you know why most start with $5,000 trading account? Most are smart enough to know that a trader that knows how to trade can start with this amount and build it eventually into great wealth, but it takes years to do so. Dumb traders use more than $5,000 for day trading cause there s no amount of money that can be enough to get good. People think more money gives them power to overcome lack of education and all it does is line the pockets of those who already know how to trade. You have to fully know the answers of all the questions that might should up in one's time of trading. And you want to find the right times of the day to put all your efforts into. Volume drives the markets and why I select first hour, if you can make money in first hour, later on you will slaughtered. Skilled traders can trade lunch and afternoon sessions. It is the same whether you trade forex or Indexes. Limit yourself to three trades for first hour, if something does not look good, better to keep funds till you 100% agrees to your well back tested Trading Plan.
If you can't sim trade 18/20 profitable days, you have no reason to trade against the best.
If you can't sim trade 18/20 profitable days, you have no reason to trade against the best.
No that wasn't.
Why do you think so many fail ?
Irrationality is the rule, not the exception.
They're fooled by their unrealistic expectations.
Therefore they're willing to pay whatever price for it.
How much would you give for gettin' rich ? All you have....
But the problem is that you won't really become rich.
They won't know it till' they face serious problems.
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But most of those who failed said they failed because they were undercapitalized.
Thanks for your coaching, they are very helpful.
It is one thing to keep $5,000 in one's account and another to keep $5,000 on one's account and other $10,000 in checking account at home. If one melts the $5,000 into nothing quickly, they have much to complete before they try again and if they had passed the 18 of 20 first time, they are have discipline problems, might try hypnosis as often one has other problems then trading. After all these years, I still go few times a year to work on various areas of my life to accept. And trading has many issues about acceptance. You might often hear a term about (leaving money on the table), and too often times this was by one who can't accept you can't make it all and better to be consistent than always be unhappy of what you could have made. I certainly do not want to add stress to my life, I have learned it far better to accept what the market allows me to be consistent. It be like fishing for Tuna and nail down 350 pound fish and yet cause others got 500lbs, you not happy.