Hi everyone, I stumbled upon this forum and decided to post my trading results and insights about trading regularly in this thread - perhaps it will be useful to some of you here and will serve as a source of inspiration. I tried forex trading for the first time 13 years ago and went through a long learning and trial-and-error period. For the last 1.5 years I trade this market every day, full-time, and 6 months ago I became a consistently profitable trader. I trade the professional side of the forex market, by using my professional understanding about how this market works. It has nothing in common with the information that is provided in most of the publicly available education courses. During the last 6 months (July-December) I generated 83% profit. Last week's (starting at 2023-01-02) result was +3.98%. In this trading diary I'm planning to share my weekly or monthly results from time to time and also post some of my videos where I share my thoughts about trading. Here is the latest video that I uploaded last Friday right after the NFP announcement: P.S. I live in the northern part of Lithuania. If anyone here lives somewhere around, I'd be happy to meet up and talk about trading & life. Cheers and have a good trading week ahead!
You became profitable 6vmonths ago, have never seen or worked in a professional environment nor worked with professionals, yet you are now a professional who does not resort to "publicly available education". How then, to respectfully ask, did you obtain your education and knowledge, and please don't state that it was simply garnered by watching candles dance up and down all day. Sorry to be so critical, but what exactly are you looking to sell and when will we hear all about it? What's your view on the yen market in regards to fiscal policy in Japan? What about monetary policy by BOJ, how is it dealing with inflation? Is the Australian dollar the most attractive major to hold right now? Can we expect more US dollar strength going forward and why? Despite Canada's relatively resilient economy why is the loonie so weak against the US dollar? Who are the retail brokers with the best execution business model and best fee structure from a client perspective? What do you think about where the professional algorithmic trading space in cash fx currently stands, what are major concerns and what are potential current bottlenecks for midsize client flow. If you can be woken at 3am at night and can debate any of above topics at will, then you are perhaps a step closer to grasping a tiny bit of the macro fx world.
Oh wow. I have noticed that quite a lot of people (not just in this forum) act in an unprofessional manner when they hear about my results. They either become angry or try to make fun of me. To avoid creating flame conversations, I will do my best not to reply to the comments in this thread. Use private messaging if needed. I have come to realise that sharing of my results only diverts people's attention from what's actually important - taking something valuable from a person who is openly sharing his experience. For full disclosure - I am not selling anything here. My thoughts are free to take to whoever needs them at this time. Let's keep this forum an open and peaceful place of people adding value to each other's lives and let's not attack the newcomers of this forum with your own made up stories that do not reflect reality. I've decided to share another video of mine - it's about how to treat your trading as a business. It is very important for anyone who is looking to achieve good results trading the markets. Thanks and have a nice day.
You did not show us your trades. So we will by default doubt your positive results. There are actually millions of people sharing how to trade forex. I am sure newbie traders will be overwhelmed by the tremendous amount of information available out there (and also in this forum). In that sense, you have 'competitors'.
Doubting is OK because this industry is full of scammers and con artists. I doubt most people in this industry as well. However, every person has the right to decide what is true and what is not for them. There's space for everyone who is talking and sharing because everyone is doing that in a unique way. I am happy that some people already found my posts to be helpful. When it comes to sharing my trades - I do not do that in public because revealing my trades, strategy and professional understanding of how FX market works would be detrimental to my trading. I cannot imagine any professional FX trader who is managing serious capital to be sharing his trades in public. If I see someone doing that then I'm suspicious because most likely they're trading some sort of retail strategy that is available for the public and that's not a good way to trade the FX market. Last week we spent in Cyprus and it was a good time for reflections and negative thinking ("what if"). I've noticed that many people (not only traders) do not want to think negatively because it's more attractive to think about the "positive tomorrow". Or, other type of people are in the other extreme - they're in depression and they see everything as only black. In both cases these types of thinking are not effective. It pays to see both sides of the coin - as only then you're seeing the full truth. Therefore, in this video update I'm encouraging traders to spend time thinking negatively - i.e. to think about what is the worst that can happen in your trading (beyond your daily/monthly fluctuations) and prepare a robust plan on how you'd handle that situation. Wish you success in trading.
Travel to Cyprus and starting a thread on fx trading, what a coincidence. And can't share trades as it would end your career as PROFESSIONAL fx trader. With all due respect, you are full of & ##? $! :! #
> 90% of newbies can't make it. Many Forex traders went to Cyprus/Thailand .... to enjoy the holiday + trading. Unfortunately, less than < 10% succeeded in their trading. If you go Cyprus/Thailand, make sure you don't trade. Instead, make sure you spend the $$$$$$$$$$ to make Cyprus/Thailand very rich. Do note that we were newbies before. So we are very familiar with those lies/tricks. I clearly remember my former forex coach (a hopeless useless failed forex coach ) said : " You can bring your laptop to Cyprus/Thailand .... for holiday, and just spend about 10 minutes / day looking at the forex charts, and just click here and there. and the $$$$$ will just pour in every weeks/months/years ....". In summary, you are full of ()&%^{PKLHUKHG897-9132lk;lk@3-812`-302` !!!!!!!!!!!!!!!!!!!!!!!!!! You have to come up with the more creative ideas to fool us. Sorry I have to wish you hopelessness in your trading due to your low grade, non creative, standard lies.
It's always funny how people react to my posts. The dogs are going to bark anyway, but for serious people in this forum I'll repeat it again - I'm a trader who is trading the professional side of the forex market. I'm here only to share the wisdom and experience that I have acquired during my trading and it's free of charge. I haven't promoted anything in here and it's really hilarious how people waste their time digging up my personal projects out there in the web and calling me "busted", as those projects have a life on their own and they have nothing to do with this forum. Of course I will never reveal detailed information about my trading method because it works and it would be stupid for me to do it. If you ever traded the professional side of the forex market you will understand why. However, by reading my articles and watching my videos and by connecting all the bits and pieces together you can already get a good idea about how to become a good trader and craft your own way into trading. This journal is not "short lived" as somebody said because it has only started and if I decide to stop it at some point I'll make an announcement about it. However, I won't post here every day because most of my focus is on trading. Now let's get back to what's important. Here are some the things that are needed to become super successful in trading the financial markets: 1. Professional knowledge about how the market works. Not just markets in general but the specific market that you trade. Most traders do not have this knowledge and their trading is based on incorrect beliefs about how the market works. But the worst thing is that most of them are 100% confident that they know what they're doing. Chances of long term success trading under such conditions are close to impossible. 2. Continuous improvement. Even Jesse Livermore himself, one of the most famous traders of the past century, once said: "I'm a student of the market who occasionally makes money". There's nothing worse than falling asleep after reaching your first success milestone (consistent profitability and 1st level financial independence). Only our beliefs dictate our boundaries and how much we can actually achieve. Therefore, a trader has to be always learning and improving their performance, otherwise the inner void will kill them. A trader has to always ask: "how can I earn more by risking less"? Because the one who feels successful, stops improving and that's the beginning of falling into the abyss. 3. Love for work. If you trade the market only for the sake of money - you won't last long. Trading is not about making money, no matter how weird it may sound. You have to like the process and go so deep until you'll feel that every day you're touching the Universal laws and receiving Divine wisdom. This will empower you and will give you strength to continue the process. When I became a full time trader, it was very hard for me to keep my attention for a few continuous hours, because as long as you're seeing only the surface, trading is incredibly boring. But nowadays I trade the market with enthusiasm from 8am to 6pm and on Saturdays I dedicate a few hours for learning. If I come up with ideas on how to improve my trading tools - I would start working at 6-7am so that I'd be able to code and test those tools before the trading session. I can't wait until Monday comes and the market will open again because it will bring yet another fantastic opportunity to learn, improve and make money! 4. Patience. You will need more patience than you initially thought. The market is not stupid and it brings only a handful of good opportunities to trade throughout entire day. It's like looking for particles of amber in the sand - during the day I might evaluate as many as 500-1000 potential opportunities to trade, but only a few of them will match my criteria (sometimes none). I trade only when I receive top notch opportunities, because average opportunities lead to average results. In a competitive market average results mean losses. 5. Connection to yourself. Emotions and inner voice are important feedback mechanisms that signal to the trader if they are doing something wrong. For example, if you feel stress while trading, it could mean that you're risking too much or that you broke your rules and opened a stupid position. Greed and euphoria are bad companions as well, leading you to the abyss. The normal condition of a trader is emotionless - i.e. when you've transcended your emotions and lower animal mind impulses, you're in unity with Yourself, you're Here and Now, you're free of any unneeded thoughts - then you're seeing an undistorted view of actuality, you can interpret information in the way it actually is and you're acting correctly. You're acting with inspiration and thankfulness - these conditions are above emotions. Of course, the list of 5 points above is not all that is needed to become a successful trader in the market, however, these points are very important. It's interesting that they're valid not only in trading but in also in other professional areas. Because deep down they're about self mastery. I wish you an interesting and fulfilling road while striving for self mastery in your professional area.