my forex trading plan isn't going as expected

[Anonymous No.57055843]

Do I need to study harder or did I fall for a scam biz?

[Anonymous No.57055865]

>>57055843
You probably fell for a scam. What's the "plan"?

[Anonymous No.57056142]

>>57055865
I traded for a while in demo and decided to go live, after a month and half I burned my (small) account

[Anonymous No.57056414]

>>57056142
Yeah, that's just luck, probably both in demo and live.

[Anonymous No.57056435]

>he thinks anything correlates with anything
everything is made up

[Anonymous No.57056445]

>>57056142
Did you backtest your trading strategy or were you just winging it?

[Anonymous No.57056456]

>>57056445
I did, here's why I was in demo.
But psychology fucked me up in the long run, I guess

[Anonymous No.57056910]

>>57056456
I mean, was it fully automated or were you making explicit trades yourself? For it to work you need to be out of the loop. If you did backtest and it still didn't work, then your data was probably biased/some assumption in your method broke down and you need to figure out what it was.

[Anonymous No.57056922]

>>57056910
No it was manual trading

[Anonymous No.57056968]

>>57055843
forex is a scam. your broker is probably taking your orders and not hedging. so they are maknig money off of your loss.

[Anonymous No.57056973]

>>57056968
tell me something I don't know

[Anonymous No.57057005]

>>57056922
Yeah you're doing it wrong then. You need to design an automated strategy to scalp, backtest it on all the historical price data you can find, let it run on the paper trade account to make sure it works, then finally let it go live. Also the only way you'll make good gains in forex is to also leverage your trades.

[Anonymous No.57057584]

>>57056968
Kek no US broker can do sketchy bucket shop nonsense because they'll get fucked by the National Futures Association. All they do is connect you with liquidity providers and collect the commission or spread. Losing trades doesn't make it a scam, under that logic the stock market and futures market are scams as well.
You can download historical forex price data yourself and test the probability of price moving up or down let's say 20-50 pips and it's always 50/50. Nobody's ripping you off unless you use a sketchy Bahamas broker or fall for the youtube gurus or telegram signals.

[Anonymous No.57057608]

>>57057584
He's talking about CFD, you nigger

[Anonymous No.57057626]

>>57057608
And how was I supposed to know that retard? You're a moron if you're trading CFDs, trade spot forex

[Anonymous No.57057650]

>>57057626
It's the same, you imbecile.
Every (((pair))) is a cfd, and it needs a counterpart, and guess who's being your counterpart?

Anyway, the scam going on there is not that big like some people imagine, many retards just simply do wrong trades and lose money.

[Anonymous No.57057751]

>>57057650
>guess who's being your counterpart?
It's just an institution market making, and they have their own methods to stay neutral and make money regardless if it goes up or down. Otherwise they go out of business as a market maker. Nobody's specifically trying to get you and the chance of say the euro going up or down N pips is 50/50.
Additionally to market making there is a war between bull vs bear institutions trying to fuck each other over.
Banks are not spending billions sweeping liquidity to move price up or down specifically to fuck over you the retail trader, rather they are running the stops on other financial institution for hundreds of millions. Even collectively retail traders' liquidity is a tiny drop in the bucket, EURUSD by itself does 800 billion a day in transactions. Why the fuck would they care about retail peanuts? You're not that interesting of a target, it's paranoid bullshit.
So it's not a scam you're just too retarded to understand how liquidity works. If you got caught up in a liquidity sweep that's because you got the wrong end of the coin flip, not because they care about your little stop loss.

[Anonymous No.57057815]

>>57057751
Pairs are made up, can you understand?
Institutions trade futures, not shitty pairs that are meant for poor niggers like you and me.
When you see a pair, it's a cfd.
Every cfd needs a counterpart, your broker is the counterpart.
He needs to "hedge" against your trade, but since the rate of the niggers losing money is so high, many of them don't even bother hedging, so they can gain more.
And this brings us to: do some brokers manipulate their cfds? Since they can view all the orders and the stop losses?
The answer is yes, of course they do.

Are there other tricks brokers use? Yes, slippage is another trick.
You buy at 10 and your order is executed at 11, reducing your potential gains.

[Anonymous No.57057829]

>>57055843
Only niggers trade forex.

[Anonymous No.57057883]

>>57057815
No they also trade spot forex. Brokers pass you through to the institutions (liquidity providers), brokers are not your counterpart. What your describing isn't even legal in the US because they're regulated by the NFA as I said before. Also CFDs are illegal in the US so your argument makes no sense.
Brokers make money off your activity through commission and the spread, there's no point in unnecessary risks.
>And this brings us to: do some brokers manipulate their cfds? Since they can view all the orders and the stop losses? The answer is yes, of course they do.
You are retarded, one it takes billions to push price up or down because of how deep the forex market is. They wouldn't waste that money to take little retail stops. Second the charts from multiple brokers are available publicly online like tradingview, if they scamwicked people it would be obvious.
Slippage happens because of volatility in the market, if a US broker scammed the way you're describing they would get fined by the NFA.
Seems like you want to give up and conclude it's all a bullshit scam designed to screw you rather than persist developing as a trader. I'll pray for you fren.

[Anonymous No.57057890]

>>57057883
You never traded, it's clear obvious.

[Anonymous No.57057897]

>>57057890
And you can't even read a long text, despite writing long texts, I hope you cure your ADHD and stop browsing plebbit.

[Anonymous No.57057904]

>he thinks he's going to make it by trading for 100 pips on EUR/USD all day every day
kek

[Anonymous No.57058035]

>>57057890
Then explain what's so obvious?
>>57057897
I addressed all your points. You seem to still struggle to understand how market making, regulations, and liquidity work. You just want to scream about forex being some evil scam because that's what the internet told you as demoralization propaganda.
Here's a thought exercise -- you seem to think futures are so great. If you're getting stopped out a lot on forex you'll get stopped out just as much on futures.

[forex anon No.57058486]

I average over 150 pips a week. you scammed yourself