What are your top 7 problems as a Forex trader?

[JSOP]

mine would be
1. fear
2. lack of confidence
3. vengeful
4. discipline
5. lack of concentration
6. anger
7. hestitation

and all the various negative emotions.

ie if there is any problem, it is myself, not the external environment / factor.

_____________

These problems could ALL be solved by studying and researching to create a trading system and then extensively demo trading for at least 6-12 months until being consistently profitable for at least 6 months in demo trading and then trading LIVE with a programmed system so the least amount of your emotion would be involved.

The only thing you need to be careful with is that due to lack of reliable brokers, the execution quality in demo trading would be overwhelmingly superior than that of the real trading. So once you are consistently profitable in demo trading, try to find a reputable and reliable broker that would provide execution quality as close as that in demo trading.

 

[peter matthew matty]

1. Lack of price and transactional transparency

2. Lack of reputable brokers are retail level especially for US traders

3. Lack of access to REAL liquidity

4. Lack of effective hedging solutions

5. Lack of REAL protection for traders by regulators

6. Steep reduction in volatility

7. Lack of seamless trading environment during news time

Are you dreaming because you do not trade any better than these hinderous misconceptions try facing reality Bud.

 

[peter matthew matty]

These problems could ALL be solved by studying and researching to create a trading system and then extensively demo trading for at least 6-12 months until being consistently profitable for at least 6 months in demo trading and then trading LIVE with a programmed system so the least amount of your emotion would be involved.

The only thing you need to be careful with is that due to lack of reliable brokers, the execution quality in demo trading would be overwhelmingly superior than that of the real trading. So once you are consistently profitable in demo trading, try to find a reputable and reliable broker that would provide execution quality as close as that in demo trading.

Your next move than - Will consist on Broker Stoploss is watch me - Am I right in saying this ?

 

[peter matthew matty]

strange .... All your 7 factors are external factors which are not within our control.

I would rather name 7 factors which are internal factors.

Quite right - On how we view are chances of outperforming the market this would consist of a better play in anyone's mind and is based to reality as well as - A traders objectives.

 

[peter matthew matty]

mine would be
1. fear
2. lack of confidence
3. vengeful
4. discipline
5. lack of concentration
6. anger
7. hestitation

and all the various negative emotions.

ie if there is any problem, it is myself, not the external environment / factor.

_____________

Well Time is A great healer to all things Forex - Time will also dis spell of any bad tempers you have at present time towards you becoming better informed as to the nurture surrounding the Forex Market as better intentions fill your mind.

 

[JSOP]

Your next move than - Will consist on Broker Stoploss is watch me - Am I right in saying this ?

You obviously are not aware of this what is called a Virtual Dealer Plug-in to MT4 and MT5 that brokers have used for YEARS to hunt stops, requote, delay quote, delay executions to traders in order to profit against the trader? Because when traders trade against the broker, the trader profits at the broker's expense and vice versa.

I hope you are not working for one of those brokers to try to deny this so to keep traders in the dark for you to profit them at their expense.

And even if the trader moves to a so-called "ECN", they are still getting slippages going against them when brokers deliberately fill them at non-competitive prices and blame it on the price feed.

 

[lovethetrade]

The biggest issue for forex traders is how to manage all the beautiful women when you start doing well.

 

[taco]

Work, play, relax.
Btw, Taco, if you eat a taco is it classed as cannibalism? (Please don't take offence, it's only a joke from one newbie to another)

Im afraid so, but burritos are fair game

 

[DepthTrade]

You obviously are not aware of this what is called a Virtual Dealer Plug-in to MT4 and MT5 that brokers have used for YEARS to hunt stops, requote, delay quote, delay executions to traders in order to profit against the trader? Because when traders trade against the broker, the trader profits at the broker's expense and vice versa.

I hope you are not working for one of those brokers to try to deny this so to keep traders in the dark for you to profit them at their expense.

And even if the trader moves to a so-called "ECN", they are still getting slippages going against them when brokers deliberately fill them at non-competitive prices and blame it on the price feed.

Yes, but what time frame are you trading? If you're trying to scalp, then yes all this could become a problem, but if you're trading further out none of this is going to matter, because no broker is going to push a price through billions of dollars to blow your stop. At best maybe they can shave off a pipette here or there, but that shouldn't matter.

 

[peter matthew matty]

I hope you are not working for one of those brokers to try to deny this so to keep traders in the dark for you to profit them at their expense.

This is not my area Dear Boy so there is No thing to worry about.