Totally undone - Currency Futures | futures io social day trading
futures io futures trading


Totally undone
Updated: Views / Replies:781 / 8
Created: by Bert2468 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Totally undone

  #1 (permalink)
Trading Apprentice
Brighton
 
Futures Experience: Beginner
Platform: Bigoptions
Favorite Futures: currencies
 
Posts: 2 since Jun 2016
Thanks: 3 given, 1 received

Totally undone

Monday 25 th july I traded GBP/JPY long term 5 day trade going by the traders recomendation of a call with a 91% in favour of a call option,i placed a lot of money going by recomendation and was horrified when today i lost by over 400 points,im new to trading and up until now have followed what traders have predicted on the platform i use and havent really lost,so lm totally pissed of.Can anyone tell me why it is that so many traders could get the call so wrong?

Reply With Quote
The following user says Thank You to Bert2468 for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,051 since Dec 2013
Thanks: 1,702 given, 3,228 received
Forum Reputation: Legendary


Sorry to hear that @Bert2468.

Googling BigOptions which is your listed platform it appears that they are a Binary Options Broker. I think if you look around here and other trading related places that the reviews of Binary Options Brokers are are generally pretty bad, it's just too easy for them to stack the deck against you.

Regarding your trade in particular, again if you look around and do some research you will find that the standard advice is never risk more than 2% of your account on a single trade.

Finally with regards to your question regarding following others, I think you will have a lot more success developing your own understanding, and your own methodology than trying to copy others. It takes time, and it isn't easy, but if it was easy everybody would be doing it.

Reply With Quote
The following 4 users say Thank You to SMCJB for this post:
 
  #4 (permalink)
Elite Member
Tucson AZ/USA
 
Futures Experience: Beginner
Platform: TradeNavigator
Favorite Futures: ES
 
casey44's Avatar
 
Posts: 130 since Jan 2010
Thanks: 1,912 given, 121 received

@Bert2468, a bitter experience indeed.... if being more self-directed is an interest, you might look at these two: tastytrade.com and dough.com . Google Tom Sosnoff if curious about the background. Good luck going forward.

Reply With Quote
 
  #5 (permalink)
Elite Member
Murrells Inlet SC
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,765 given, 25,647 received


Bert2468 View Post
Monday 25 th july I traded GBP/JPY long term 5 day trade going by the traders recomendation of a call with a 91% in favour of a call option,i placed a lot of money going by recomendation and was horrified when today i lost by over 400 points,im new to trading and up until now have followed what traders have predicted on the platform i use and havent really lost,so lm totally pissed of.Can anyone tell me why it is that so many traders could get the call so wrong?

Please don't ever believe that anyone is ever going to deliver a consistent trade calling service. It just doesn't exist. As far as the % accurate bs, it's all hogwash. Those numbers are increadibly manipulated. If you do not have the time or energy to commit to learning to trade, you would be much better served keeping your money in a bank or placing it with a professional with a solid track record to do the dirty work for you.

Reply With Quote
The following 2 users say Thank You to Inletcap for this post:
 
  #6 (permalink)
Market Wizard
Kyoto, Japan
 
Futures Experience: Intermediate
Platform: TW TOS LiveVol
Broker/Data: TD, TW, IB, Saxo
Favorite Futures: UVXY, VXX, VIX, /VX
 
suko's Avatar
 
Posts: 952 since Oct 2013
Thanks: 687 given, 732 received


Bert2468 View Post
Mi placed a lot of money going by recomendation and was horrified when today i lost by over 400 points,im new to trading and up until now have followed what traders have predicted on the p

i use and havent really lost,so lm totally pissed of.Can anyone tell me why it is that so many traders could get the call so wrong?


Those don't know anything. Nobody does.

Trade small until you get consistently profitable.

Reply With Quote
 
  #7 (permalink)
Elite Member
Boston, MA
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: NinjaTrader Brokerage, FXCM, NADEX
Favorite Futures: NQ
 
Posts: 12 since Nov 2015
Thanks: 9 given, 9 received

Always Check For Upcoming High Impact News

In addition to what everyone has already mentioned, you may want to make a habit of looking to see if there is a scheduled release of any high impact news that could affect your position. Most of these major announcements are scheduled in advance. You could look back and see what kind of impact the last release had on the market you are trading and adjust your position or close it if necessary.

On Thursday around 11PM EST, BOJ released its interest rate decision, in addition there were a number of other financial reports that came out early Friday EST that could have added to the impact.

Reply With Quote
 
  #8 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 393 since Apr 2015
Thanks: 864 given, 475 received


Bert2468 View Post
Can anyone tell me why it is that so many traders could get the call so wrong?


Mostly because "it quite often happens". Especially in the murky world of forex.

Really, you need to decide whether to learn to trade yourself or to follow others' recommendations.

If you decide to follow others' recommendations, you need to learn how to verify their track-record independently (this is an "acquired skill" and a far from simple one), and to be aware that there are so many thousands of different sets of recommendations "out there" that there are always going to be some that have a good track-record over the last few months without that necessarily indicating that they're any more likely than random ones also to have a good track-record over the next few months (which is what will be relevant to you).

Reply With Quote
 
  #9 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received

Bigoptions - FSA warns against them.It is some kind of a scam broker.There is a lot of ,,brokers'' now which calling and saying some like this - hello we see great oportunity to make big money send us money and you will be rich ! It is a plague here - if you send money to ,,institution'' like that you have 90 % chance of loosing money.They hire people for one month, buy them a pre paid card and force them to call clients to collect their money.They mostly dont even say name of their own firm,just saying some like this ,, Hello I call from London I have a great deal for you !Just buy .... and wait ! you will be rich.

Many people who dont know how markets work was fooled and lost money.They buy private data from Forex brokers .It is poor scam and definitelly not legal.Try go to court or at least contact FSA

Reply With Quote

Reply



futures io > > > > Totally undone

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
a trade on ICPT that totally makes no sense to me..... mdsvtr Options on Futures 3 May 6th, 2014 06:46 PM
I feel totally safe now kbit Jokes 0 December 21st, 2012 08:08 PM
This Is What Happens When An HFT Algo Goes Totally Berserk And Serves Knight Capital Victory Trader News and Current Events 2 August 3rd, 2012 03:40 AM
Totally random trading system graphs dutchbookmaker Traders Hideout 14 April 13th, 2011 10:03 PM


All times are GMT -4. The time now is 05:48 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-20 in 0.13 seconds with 19 queries on phoenix via your IP 23.20.86.177