A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
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Wolves, I just lost $1,500 of investments on Forex Trading and feel very demotivated/defeated. How do you motivate oneself after a losing streak and continue fighting?
I'm a beginner in forex trading, and some how someone I trusted got me into this foreign exchange gig. At first I was very good at it then after some time continually lost my money. I'm only a beginner and I've been doing this for four months now, and in that span of time I win little and lose big. This continuous loss has gotten me in despair not because of the idea of losing money (as money should be treated as something immaterial - para-Kiyosake), but perhaps because of the idea that I'm damned in the rat-race. Anyone who've done forex with the same experience? How did you cope and did you ever escape the slump? Did you keep on investing? What was your motivation despite the chunk of money you've lost? Any picker-upper is greatly appreciated I may have to point out that I live in a developing country so $1,500 is a 5 month salary here. I don't even want to convert it. tl;dr Lost 5-month salary worth of investments to foreign exchange and feels defeated on the feeling of staying long in the ratrace. Wolfes, I'd love to receive your remotivation :)
Parents are Poor, they want me to be like them, HELP!
Hello Money experts, 11 years old boy here, my family is pressuring me to spend my savings on nonsense (like birthday gifts to my brother and sister, some video games, and nice clothes) When I confronted dad i told him “listen dad, our best option is investment on forex, buying stocks on space x or maybe vanguard” He looked angry and replied “you need to listen to me as i am the one who is putting money into your piggy bank, you son of ****” Please help.
Join us on this journey and learn why Forex is a great investment and you dont have to be rich to make it in the market. You just have to make enough to cover your bills. How would your life change if you had an extra $500, $1000 or more a month.
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