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is this a joke

Discussion in 'General Forex Talk' started by pahj, Oct 12, 2009.

  1. pahj

    pahj Private, 1st Class

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    There was these trader that entered a position and the it moved 10 pips to his favour but he did not accept it when the trend moved against him, but he had this believe that the trend will change and was not trading with stop loss, minute by minute the loss kept increasing and it looks so big for him to accept, so he went on his kneels and started praying for God to reverse the trend ,but God kept quite. Dear trader, please don't put yourself in that position.
     
  2. clem699

    clem699 Sergeant

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    Is this comic relief or what?
     
  3. Pharaoh

    Pharaoh Colonel

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    There are no atheists in foxholes, . . . or in forex. :p

    Of course, praying for a market reversal is silly. Even if you have perfect faith in divine providence, there are probably about the same number of devout believers praying that price goes the other way. I don't think God is going to hand out special "price action favors" based on how fervently you pray for a reversal.

    God gave you a brain so that you could lean to avoid problems, not so you could come up with new and creative ways to beg for Deus ex machina every time you personally screw up a forex trade.

    Most religions focus on discipline as a component of the belief system. Take a page from the Bible or whatever holy book you believe in and apply some discipline (and risk management!) to your trading. Do this and you'll spend more of your trading time focusing on trades instead of praying for a miracle to save you from a bad decision.
     
  4. Reign

    Reign Corporal

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    hey Pharaoh, sorry for breaking up the discussion and getting off topic here, but could you pm me?

    Thanks
     
  5. Reign

    Reign Corporal

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    Nvm. I was going to ask you about IBFX, but I just closed my account. Their charts weren't reflective of actual market data. Lost a good 11% of income. Now lets see if they refund my money. :err:
     
  6. Pharaoh

    Pharaoh Colonel

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    You want a refund from IBFX!?!

    I think the time to ask for Divine intervention has arrived. :D
     
  7. Reign

    Reign Corporal

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    They said I could get it after the 29th of this month. So, I thought I could somehow get the money that I had lost back. Negative. They require that you set a 3 pip difference between the market price in order to enter a trade. USDCHF was going Long, tried to enter 3 pips ahead, Guess what, the Trade kept coming up as invalid. Now, it's like when they know that you can possibly make money, they want to keep you out of the trade.

    I'm a little frustrated. I'm just going to stop trading with them, take my losses, and move to another broker after I get my money back.
     

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