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How much have you lost in forex trading?
Member Since Sep 18, 2013
17 posts
Sep 18, 2014 at 20:17
How much have you lost in forex trading?
How much have you lost before developing a winning strategy?
Please answer only if you have had a REAL account and your initial deposit was MORE THAN 25k. :) Thank you.
How much have you lost before developing a winning strategy?
Please answer only if you have had a REAL account and your initial deposit was MORE THAN 25k. :) Thank you.
forex_trader_28881
Member Since Feb 07, 2011
691 posts
Sep 19, 2014 at 06:20
(edited Sep 19, 2014 at 06:32)
$50 000 is the short answer.
That includes 18 months development costs at Oanda for $600 a month for 18 months and 10 years of server rentals. And a few false starts.
The money is actually the lesser aspect of it. It's the time it took that was/is the biggest cost. So big in fact that I might never fully recover it.
The only way I can ever recoup it, is if I can take the rest of my life off and never have to worry about money again. And that's unlikely to happen.
That includes 18 months development costs at Oanda for $600 a month for 18 months and 10 years of server rentals. And a few false starts.
The money is actually the lesser aspect of it. It's the time it took that was/is the biggest cost. So big in fact that I might never fully recover it.
The only way I can ever recoup it, is if I can take the rest of my life off and never have to worry about money again. And that's unlikely to happen.
forex_trader_28881
Member Since Feb 07, 2011
691 posts
Sep 19, 2014 at 07:35
But I suppose I should also mention I took $10k to $250k in 6 months on equities once, trading warrants...
Member Since Sep 18, 2013
17 posts
Sep 19, 2014 at 13:21
That's terrible. Have lost around 35k. Hope your account is growing now and recover all the loses soon.
Member Since Sep 18, 2013
17 posts
Sep 19, 2014 at 13:22
I didn't see the second reply until I refresh the page. I was going to wish you luck, but now I realize I really don't have to becuase you have plenty of it. :D Happy trading!
forex_trader_28881
Member Since Feb 07, 2011
691 posts
Sep 20, 2014 at 12:10
Luck is not much of a trading strategy.
I've developed good strategies, so the money is not an issue, I'll make it back and a gazillion more. But I do hope people reading this realise what it really takes to make it in not only fx, but trading in general. Years and years of failure and extreme costs in terms of time and money.
I've gone as far as to put myself on coding courses to learn how to code to do this.
You're not going to buy a $50 EA and make money or follow someone else whose most likely got half a clue and make oodles of money.
I've developed good strategies, so the money is not an issue, I'll make it back and a gazillion more. But I do hope people reading this realise what it really takes to make it in not only fx, but trading in general. Years and years of failure and extreme costs in terms of time and money.
I've gone as far as to put myself on coding courses to learn how to code to do this.
You're not going to buy a $50 EA and make money or follow someone else whose most likely got half a clue and make oodles of money.
Member Since Sep 18, 2013
17 posts
Sep 21, 2014 at 06:46
Completely agree with you, mate. Truly an inspiring story. Thanks for sharing that. I admire your perseverance and wonderful spirit of a true trader. Congratulations on finding the winning strategies. May you prosper!
Member Since Jun 09, 2014
134 posts
Sep 28, 2014 at 12:01
Good for you Pip! great that you kept it up and made out on top.
Member Since Sep 06, 2014
2 posts
Sep 30, 2014 at 06:46
2k，told you is embarrssed
Member Since Sep 18, 2013
17 posts
Sep 30, 2014 at 08:51
LoveA posted:
Don't want to mention that. Too much...
Sorry to hear that, buddy. Hope you can gain all that back. Good luck!
Oct 02, 2014 at 06:53
doolph posted:
I have lost more thant $5000, and 3 years, but it worth of it, because I have developed a good system.
Good point. It happened with all of us sooner or later.
Only then we start to think about system and same trading plan.
I lost a lot more than $5k. But approximately a year later got everything back + x2 more.
The best lesson, never give up.
Stable 20% per month without manual intervention...
Member Since Sep 09, 2014
49 posts
Oct 10, 2014 at 15:56
not many $3-4k, anyway I returned them fast😎
There can't be enough money
Oct 11, 2014 at 09:17
Never Give Up!
Member Since Feb 24, 2013
1 posts
Oct 13, 2014 at 06:26
well i spend 3 years learning forex on demo account, a was checking, brokers a lot of strategies, but all of them are different as in real. So i put some small money for the real account to check my in total i lost i thing less than <700$ not so bad i thing :) good luck. now i hope im going with the flow, but im still learning :) GL
Play hard, go pro
Nov 02, 2014 at 07:48
TheFX4You posted:doolph posted:
I have lost more thant $5000, and 3 years, but it worth of it, because I have developed a good system.
Good point. It happened with all of us sooner or later.
Only then we start to think about system and same trading plan.
I lost a lot more than $5k. But approximately a year later got everything back + x2 more.
The best lesson, never give up.
your EA doesn't work! It's just a plain gambling EA adding to losing position and hope that market will reverse! 60%-70% DD and you still call your EA a performing EA?
