Very sorry for you, but as others said - rebuild yourself. You are already lucky to be here, on ET . On post 7 ElectricSavant detailed for you the possible root of your losses and how Foex is working. Recover, study, backtest your strategy. Do not rush now. The second pain is that been manipulated by your Forex broker, you probably has not tested real market yet. The market at differece of casino can give you back much more if you will have patience to study and exercize. Look on the money you lose like on an investment at medium therm. The money are there, on the market. Master yourself, open account with tegistered broker, trade on regulated market. CME group offering futures microcontracts, on currencies too, at only 100$. My broker AMPfutures. Good luck, be strong, move forward , slowly, with wisdom.
You've posted this message on three different websites I have seen. You've had advice. Take it or leave it.
please every one just sayign close it close it for expert traders its very very simple job becasue if market goes up then i just need 1 red hourly candle 1 h1 candle and i will be safe if market goes dowen i will be need 1 bull candle and i wil be safe
Close the trade if you need advice from strangers. Yet, I suspect the only advice you want is for some stranger to tell you how to get out of the trade at a profit. Its very strange you want strangers to give you trade advice when you have provided NO INFO about the details of the trade... No name of market, no entry, no date of trade, no amount you traded, no chart of trade, no reason for your trade entry, no broker...nadda...nothing but you want advice on the trade. Close the trade, except your loss and stay away from the markets. wrbtrader
Same Con, It is I Other side of your trade be me Like pitcher plant stuck fly you cant get free from me Struggle struggle Deeper in trouble Release you not
samekhan, I feel your pain. You are battling your unrealized verses your realized loss. Asking for help from an experienced trader and premising it with that your just trying to exit at BE or at a profit should motivate a charitable trader to help you as you are seemingly desperate. Each trade stands on its own. Each day is a new day. Going through the horror of trying to make up losses can skew your judgment and change the way you trade. ES P.S. These are your trades and there is no magic here. You got yourself into this mess and the best help that I can do is to help you get out of it yourself. This could be embarrassing for you but we must do this publically on this thread. Other traders more experienced than I can chime in. Please post your trades. P.S.S. Your need to carry your unrealized and make future trades that are profitable to offset the loss....does not mean what the Forex community labels as hedging...going long and short in the same instrument is not hedging and quite wasteful. You must understand that you might need to reverse some of your trades by exiting and locking in your loss
Folks this can become a very interesting thread and perhaps all of us can learn and post together...ok? Now I am going to contradict myself...what if I told you that there is a way to make consistent money on taking the flow out of the market while holding long and short positions in the same pair (s). As long as your realized would exeed your unrealized you are golden. This thread is not about me and how I trade. I just want to post that in this case this trader wants to exit the market unscathed and will count his lucky stars if he can get out. ES P.S. Please do not PM me and I absolutely do not trade other peoples money or give trade advice privately.
Forex is not an attractive market to trade. I find that you must endure high drawdowns during the carry. I once thought the volatility of the market made great conditions for trading..but instead learned that it was just opportunity for Forex Dealers to take your money. ES P. S. Yeah sure you can start with a low amount of money and trade on a free platform like Metatrader...The apple looked good to Adam.
I allready told you on friday to close your shorts on forexfactory @ 1.1744 ... why didn't you do it ? The market looks up now with target of 1.1840. You seem very stubborn, yet have no idea what you are doing, hence all you're hedging in the same currency. You can't both be long and short in the same currency: that makes no sense whatsoever. It's a bullmarket for now in euro, not sure how much longer this will last but all the more reason to get out when the market gave you a gift with a retrace of long.