Hi! Everyone, hope all is well...
I'm new to the futures and forex trading market so any help would be highly appreciated...
I have lost a good some of money and no longer wish to loose any...
So where do I start?


Thanks
Deepak

Hi Deepak - If you are not prepared to lose any money at all, the majority of people in this business would agree that perhaps trading is not for you.

If, on the other hand, over the long term you are prepared to lose money with the aim to making more than you lose, my suggestion is this forum can be helpful in the process.

Well you cannot win without loosing, so yes I am prepared to loose but in the long run would definitely like to win.
I think I started to fast without the rite guidance...

I think that the question you need to ask yourself is 'why are you losing'?

I'm not sure if you have a spreadsheet and/or a journal that can help you get to the root cause of this question. If you don't have that, then start one immediately. Some people post their journals on this forum and good spreadsheets can be found all over the place. I use Trading Journal Spreadsheet | Trade tracking, for: Stock, Options, Futures, Forex traders as for $100 bucks it gives me most of what I need in case you want to take a look.

General advice will be helpful, but if you truly want something that will help you succeed, then you need to know why your method is failing.

Once you are able to diagnose your problem into something more specific, then some of the folks here can help you out.

Some of the top reasons I've seen people lose money
-Bad risk management
-BAd emotional management
-Lack of understanding of the market
-Gambling
-A methodology that doesn't provide an edge

But I'm sure there are 100s if not 1,000s of reasons why you could be losing money

Thanks I really appreciate that....

I think my problem is the following....
No journal or spreadsheet
Bad risk management
Lack of understanding of the market

I will try the spreadsheet and journal....

Thanks

I think that the question you need to ask yourself is 'why are you losing'?

I'm not sure if you have a spreadsheet and/or a journal that can help you get to the root cause of this question. If you don't have that, then start one immediately. Some people post their journals on this forum and good spreadsheets can be found all over the place. I use Trading Journal Spreadsheet | Trade tracking, for: Stock, Options, Futures, Forex traders as for $100 bucks it gives me most of what I need in case you want to take a look.

General advice will be helpful, but if you truly want something that will help you succeed, then you need to know why your method is failing.

Once you are able to diagnose your problem into something more specific, then some of the folks here can help you out.

Some of the top reasons I've seen people lose money
-Bad risk management
-BAd emotional management
-Lack of understanding of the market
-Gambling
-A methodology that doesn't provide an edge

But I'm sure there are 100s if not 1,000s of reasons why you could be losing money

Thanks I really appreciate that....

I think my problem is the following....
No journal or spreadsheet
Bad risk management
Lack of understanding of the market

I will try the spreadsheet and journal....

Thanks

Know Thyself

Socrates says, as he did in Phaedrus, that people make themselves appear ridiculous when they are trying to know obscure things (i.e. the market) before they know themselves. Plato also alluded to the fact that understanding 'thyself,' would have a greater yielded factor of understanding the nature of a human being.