Mengapa kalah / rugi dalam Forex?

Mengapa kalah / rugi dalam Forex?

(Why fails and loss in Forex?)

Base on my experience. A roach experience which hardly die and adapt to environment I shall enlighten you with what I know. 

Discipline is important, strategy is important and money management is important too. However, all these were too general to amateurs out there who seek for detail answer. Now, I gonna reveal it all to you in details and why. 

This is specially helpful to Micro Account/Mini Account holders or any amateurs alike.

About FOREX market trend: The trend is very real and you have to follow it but how? Try this site http://www.forexbrokerz.com/brokers.php and pick up a few brokers get their Technical Analysis charts. More than 3 agreeing to the trend then you have stay with the trend. When to enter? Sorry, I can't teach you and you have to observe it. Some brokers supply TA(Technical Analysis) through email in their MT4 platform, some brokers have their dedicated sites that shows their TA. Still, they supply reliable TA.
Additional Market trend: http://www.forexpros.com/  (just be cautious when you trade with signals)

About FOREX brokers: Just only select those who are market players and well regulated one. I mean big names and reputable ones. Well, same you may refer to the above link. Small and fresh brokers will usually sabotage your trades making you lose money more often then the big ones. I know, brokers might sound evil but some were less evil ...ok?


Updated on 30/10/2011 : If you are new to Forex and wanted to learn all about it, pls visit - http://www.babypips.com/school/

About FOREX scams: Usually it comes in few forms -

a) Bloody brokers (usually unregulated and  not reputable ones) you may check it out here - http://www.forexpeacearmy.com/public/forex_scams Well, this FPA is not a police or good guy either but however they did a very good job. You just need to stay neutral and open ears.

b) Forex Automated EA(Expert Advisor) / Forex Robots/ Forex Droids/ Forex Androids. Tons of it out there, to name a few and super popular ones - FAP TURBO, IVY Bots, Megadroid. These robots were good at Demo Accounts and back-testing. Sucks when comes to live account. I refunded mine on one of this - one of the best in EA world????  NAH~F***!!!. However, real deal did appear. Usually it was a program offered by well known brokers ...and usually it only offers to their own members, especially elite members who open USD10,000 account. Which brokers? Sorry, I can't tell. Usually real working droids/bots come with a hefty registration fee and monthly fee. I knew there is one used by my friend which costed him USD900 registration fee and USD40 monthly fee. However, the droid strikes about 80% accuracy base on 200 trades and my friend he is earning USD20,000 a month now as this post date. You have to bear in mind that his leverage and margin was high too! So please don't compare to him.  Pssssst .....  his start up capital was USD10,000 ...and as to date he already in the market 6 months.

c) Stop hunting, server freeze and requotes. These were few dirty tricks that most brokers did but however it can be minimize by placing your stops further away. Requotes  usually happen during 40mins before news release and 40 mins after it. This happened due to high volume of transaction which is quite normal. So, just don't enter during that time ....or if you insist, just stop blaming them. Server freeze? Try close your MT4 terminal and reopen again. If, it doesn't work at all. You can only pray and keep trying!

If you can't control your emotion, if you are always pessimistic, you always blame, you love gambling, you are aggressive, you love breaking laws, you hate discipline. Then - you will probably be  90%  losing your trades in FOREX.  

Forex Leverage and Lot (Amateur/ Beginners must read)

This is very important. If you are just have opened a Micro or Mini Account with let say USD500. If you plan to use leverage of 0.10, 0.05, 0.02 or 0.01  that will be fine .... but what about 0.30 per trade??? For this small account and 0.30 per trade you will notice that your Margin Call will be rang up very soon. If, 0.50 per trade, your Margin Call will be even faster and sooner which mean you Game OVER fast~!!! Imagine your USD500 account unable to trade anymore when it comes to balance of USD408 ....and every time when you try to trade even at 0.01 it will Automatically close your trade and eat your trade! Why? this is what we call STOP OUT, a scenario when your account is in margin call. I caught in this situation before. 

How to counter it when your trade is 0.30? Well, the simple way is to open another trade which is 0.01 before your Margin Call come after you. This will automatically set your Margin Call back to minimum. Because usually it according back to your last trade.

Go observe and see the difference of your Available Margin when you trade.  

Forex Strategy:

Thousands of it out there. Forget it, just follow the trend. If you insist on having a strategy. I would advice you into looking for these few things and study on it and probably you may dig it out from Google and forums. - Study on Stochastic and RSI for divergence. Try study on Impulsive Corrective Wave Retracement(ICWR). Use only small leverage 0.02 or 0.01 before the trend is confirmed.

Forex Demo:

Always play with Demo until you are consistently making profit. Then, only open a Live Account.

Lots of it out there from lots of different brokers. 

Forex Facts:

1)The best way to learn and to cut down losses is to learn from a honest consistently winning traders. Better still if he/she was someone close to you or someone you know who meet face to face. Not those in Facebook or online forums. If online ones, you just have to be extra cautious. 

2) No body is always winning.

3) Losing trades is part of this Forex, don't feel sorry about it. You will eventually wins back. 

4) Bursting 1st Live account was quite normal and even the world best traders did burst their account but hopefully it is not a big one. Sample stories of world successful traders -
a) http://fxtraderebate.wordpress.com/forex-articles/top-currency-traders/
b) http://www.gfsignals.blogsforex.com/forex_trading/interview-with-real-top-forex-trader-lexon/
c)http://www.aboutcurrency.com/articles/fxtraderinterviews/Interview_with_Forex_Trader_Leslie_Stayton.shtml

Well, I don't think I want to burned my 1st account. I will survive and be even stronger than ever.  ^_^ Have you noticed that - NO professional traders are against the TREND!

5) It needs lots of patience and attention in Forex.

6) The trend is your best strategy. It doesn't care how high it goes or how low it drops it just follow the trend callings. The trend had proves me wrong and many times, something you can't explain in logic. Sometimes the TA and Fundamental Analysis also have to bow low to the trend. The trend is collective sentiment around the world.

If you like my article, and you are looking for a broker. I recommend you my broker. Please click on the  ......(coming soon)