What is Two Blokes Trading? Two Blokes Trading is a fun and informative podcast and website for new and experienced home financial traders. It follows us, Tom and Owen, as we learn to trade profitably and consistently. We interview leading traders and trading industry insiders every week on the Podcast to give our listeners the best chance of becoming profitable traders.
I’ve just started forex. I love it. But I’m losing all my money. What do I do?
Okay so I always wanted to trade as I’m obsessed with everything economics. Weird considering I didn’t even take it at university (that’s a story for another day) After years of wanting to trade, I finally tick all the boxes; over 18, money to invest. (I’m 20M btw) Okay so start with £250, playing about with it. Putting in all the techniques I’ve learnt over the years but never used besides a demo account. And it’s going amazing. In one day I’ve got £750. This is great. It’s good because it wasn’t an accident, I actually know what I’m doing over all the years of demo trading. But then I hit a wall. I got exited and done one stupid trade and lost every penny of that in the space of hours. My confidence is absolutely shattered and I’m scared to take any risk whatsoever. I invest another 250 and my confidence is completely fucked. I lost it in the blink of an eye. Finally I put another 250. I’m telling my self that if I lose this, I’m done with this as it’s clearly not for me. So far I’m a £140 and I’m sitting still. I don’t know what to do. I was doing so well and so motivated but all of that has gone into the trash. My confidence is at an all time low. I can’t afford to keep throwing cash either. I’m a scalper as swing trades don’t sit well with me. UPDATE :: okay so I tried to do the whole “no trade for two weeks” but I just couldn’t. I put down another £1500 in my account and told myself that this is the final one. I lost that in about 1 day. I’ve now put another 2000 and lost more then half of that already. Idk what to do
What type of commodities do you guys trade? Do you focus on Forex with algo trading, Options?
So like the title suggest I was wondering what types of trades or trading do you focus on? I am super into options but want to get into algo trading to become a better technical trader. If you focus on forex what platforms do you use to trade on. I know with TD ameritrade I think the report they have is 30-40% of traders who trade forex lose money and TD leverages against you? Any help would be awesome!!! Edit: You guys are amazing honestly! Thank you so much for the help you've guys (and gals) given me a lot to think about!
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Losing money in Forex is very easy. There is no technique to stop you from making losing trades in the forex market. Truth is, making profit consistently is different from never having losing trades. Trading is like a game of probabilities. The odds are simply in your favour or against you and it can be felt and seen only over a period of trades, not necessarily one specific trade. DOWNLOAD ... Well, Forex for sure makes profits considering that over $5 trillion are exchanged in this platform daily. This is a sign that investors are making cool money in Forex. The next most probable question many people interested in this field is how one can get considerable profits without losing money. Forex Signals H1 Trend Major Pairs GBP/USD Technical Analysis & Top Forex Trading Setups! GBP/USD Technical Analysis & Top Forex Trading Setups! Forex Signals M1 Trend Major Pairs&Gold. Forex News November 1, 2020 0 Here’s WHY you are LOSING MONEY in Forex: the CYCLE OF DOOM! by ForexWorldKings. Share Tweet × Previous Article. How to Make $5580 in Passive Income Investing in the Stock ... If you’re thinking with a big bounce on regaining the money from the industry then stop it. Start small, because the losing streak can kick your ass again and will lose your interest in the Forex market. You will regret forex in this case, if you fall again. So be brave but not fool. Don’t hesitate for small money, it is not so long to get ... How and why forex traders lose money; How to avoid losing money on forex trading; Tips to help you succeed and avoid potential losses; Why Do Most Traders Fail? Before we take a look at how to avoid losses, it’s important to first understand why traders lose money. The most commons ways most forex traders lose money include: 1. Lack of Knowledge. Trading is something that doesn't have a ... Many people are attracted to trade as a way to make quick money. They start, they start with a lot of risks and when a losing streak comes they leave it. They don’t know exactly what the subject is. They seek to make money by doing anything. And they finally end up losing all the money doing a lot of things. All without results. Why do I keep losing money in forex trading : Commonly most new forex traders are losing money in forex trading. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting. Financial trading, including the currency markets, requires long and detailed planning on multiple levels. Trading cannot commence without a trader’s understanding of the market basics, and ...
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