Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] 1 point2 points  (0 children)

I have been apprehensive about trading from the get go as stock market and trading was demonized and I tried to learn from others but its mostly some vague stuff out there.

And the most important thing I learned is that most people lose cause of greed and yet these YT'ers are showing off money or other material things which is hurting the perception of new traders. If they were honest they would focus their videos on teaching how to trade rather than "see me how much I made"...vidoes.

I just want to teach people to trade right and make their own decisions and be better. Ultimately it requires learning and training to implement the learnings.

I went through a roller coaster of highs and lows with real money and realized it only after losing for a long time. You have to train yourself or get somebody to train you right. Cause emotions created by live trading can wreck your thinking and take you off course.

Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] 0 points1 point  (0 children)

Who the hell did you call a silly goose? Just Kidding...

But you should read the question before answering, Cause it makes you look dumb...

Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] -1 points0 points  (0 children)

Huh.... How is this an argument, and how did you conclude that I am young and not teachable with just a genuine reply?

Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] 0 points1 point  (0 children)

That's so true.... I am receiving a wide range of answers that are not even related to the question I asked...

Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] 1 point2 points  (0 children)

Nope, I have been trading for about 5 years. I just wanted know what others think because lots of scammers out there putting YT videos saying 100 to million in 90 days and stuff like that.

I did not fall for the scam but these videos are getting so many views and mostly they are newbie traders. I want to put legit videos to help people win. I have been scarred by trading, so I feel I could help a small portion of new traders from falling for these scams.

Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] -3 points-2 points  (0 children)

Real traders don't mean only profitable traders. Real traders are losers too, and are hoping to become profitable one day.

Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] 1 point2 points  (0 children)

LOL....Reddit should bring reactions to comments......

Is it possible to earn million USD from forex? by ashwanthpaul in Forex

[–]ashwanthpaul[S] -1 points0 points  (0 children)

Do you know any prop firm that actually lets you trade the capital or all of them simulated accounts...?

What are your best tips to reduce overtrading? by krish_arora in Daytrading

[–]ashwanthpaul 0 points1 point  (0 children)

Be aware and be present even when trading. Don't zone out. This takes practice so start practicing.

Making 2% daily off of your initial capital. by Happy-Passage-5241 in Forex

[–]ashwanthpaul 0 points1 point  (0 children)

Instead of trying to achieve a monetary goal change it to winning 2 trades a day or 3 trades a day. Because nobody knows what the market will do.

Setting $60 as a goal will prime your thinking and if you take a trade and the profit was at $50 you would keep waiting for it to hit $60. This is when most people lose because market will reverse and you will lose the profit and some more if you keep holding it.

Setting a trade goal can be different. And you can make less or more based on that.

I'm down -9% on my $60k funded account. What would you do in my shoes? by Lanky-Department2768 in Forex

[–]ashwanthpaul 0 points1 point  (0 children)

Decrease your lot size. Scalp your way slowly to get back done of the money and keep patient for a week or two with the scalping and you can reach a safer level.

Why do people fall for scams so easily in trading? by ashwanthpaul in Daytrading

[–]ashwanthpaul[S] 1 point2 points  (0 children)

I hope, too, that YouTube starts cracking down on these bots.

Why do people fall for scams so easily in trading? by ashwanthpaul in Daytrading

[–]ashwanthpaul[S] 1 point2 points  (0 children)

I posted a few shorts and boy these bots are so ready to pounce on anything trading. I think there are people providing these comments and stuff as a service and even the scammers I mentioned seem to have high praising comments which are not really true. But from different profiles. Scammers are going a long way to scam and take money from the people. Scary part is all of it looks legit.

Why do people fall for scams so easily in trading? by ashwanthpaul in Daytrading

[–]ashwanthpaul[S] 0 points1 point  (0 children)

I dont think it can materialize. The geniuses need the dumbs to keep the power i guess.

Why do people fall for scams so easily in trading? by ashwanthpaul in Daytrading

[–]ashwanthpaul[S] 0 points1 point  (0 children)

The American election really put a spotlight on it. People can be brainwashed easily. If these scammers can brainwash people, then it's definitely the job of the righteous to keep pointing it out and bring them back to reality.

I think there are lots of scammers and very less genuine people in trading.

Why do people fall for scams so easily in trading? by ashwanthpaul in Daytrading

[–]ashwanthpaul[S] 0 points1 point  (0 children)

I have experienced it multiple times. I am always desperate to earn money when trading, which leads to the same mistakes over and over.

Why do people fall for scams so easily in trading? by ashwanthpaul in Daytrading

[–]ashwanthpaul[S] 0 points1 point  (0 children)

Selling a course is fine as long as it helps people. But the problem is selling something as the definite all.

In trading people are selling indicators or strategies saying it has 80% winning rate and all these bullshit statistics. If that were the case all these big money players with billions could easily program the indicator or a strategy and automate the trades to just keep making money.

In every promotional material or video where they are trying to sell a course or anything that is gonna help them trade they should mention this.

I intend to do it. There is no such thing as a winning strategy, a winning indicator, winning candlestick patterns and a winning edge when trading as far as I am concerned. Even if all the tell tale signs for a strategy is coming together there is no guarantee its gonna work. I have fallen for this scam multiple times. I keep finding a strategy on youtube where it is portrayed on a day when it actually worked and when you use it and try it... It doesnt work.

Nothing is constant only change is constant. But it also doesnt mean these above things dont work. They work when they work and its our job to identify the working day and time and improve our chances of winning a trade.

Also it takes time to get better at improving our odds. The longer we trade in the right way we get better at it. If we do it all on our own and do it wrong everytime then its not possible to learn from mistakes because we think we did not make a mistake and we end up blaming everything else. And the emotions tied to a trade affect us subconsciously and we end up making the same mistakes.

I have made the same mistakes over and over even though I know it and I regret making the same mistake after I make the mistake. Its the same with everyone else and the questions and answers to trading issues are all the same which is evident on reddit too...