Necessity knows no law except to conquer
Successful Trading & Determining the Probability of a Trading System 10 replies
Has anyone ever seen this error message? 2 replies
SwissFXBroker (SFXB)--has anyone ever used them? 39 replies
Anyone ever seen a 'move to breakeven' script? 3 replies
New trading system hard to completely follow... anyone ever have this problem? 0 replies
DislikedBeen doing this for about 7 years now, I have a system that has been developed using the ol' noggin, if market ranging... I scalp, if trending... jump on the pullbacks. If I get it wrong I let it ride and eventually the market will swing back and hit the target. I don't use any technical indicators as these are usually misleading and confusing. The only indicator I do use is the contrarian, counter-intuitive indicator, I made using a deck of cards. works best when stoned. Hope this helps.Ignored
Disliked{quote} For example if you have 1000 in the account and you trade EURUSD with 0.5 pips spread and 0.5 pips commission and with average volume of 1 Lot it will take on average only 100 trades to lose 100%.Ignored
Disliked{quote} No, in the long run, no one wins.... On average, for any time period, the agregated customer funds shows a LOSS that is equal or greater than the total transaction cost for the period.Ignored
DislikedMy best advice, take what Is left of your time, money and energy and run. Before it goes to 7,10+ years.Ignored
Dislikedit's all so demotivating. Who introduced me to this world, is just one year older than me, 3 years of success in forex. An average of 4-5k month.Only 2 month of DD in this year. Do you talk about sustainability? go to work for a boss, after 3-4 years he can throw you out and there is nothing left. Would this be safer? He thinks differently from everything that is written here, and guess what? has never attended a forum, a chat, does not reveal his strategy to anyone in detail and does not sell it. In reality then, it is nothing as articulated as...Ignored
Disliked{quote} How is this even possible? To put on the first trade they need 100:1 leverage. When they've lost half the account they need 200:1 leverage. At 75% they need 400:1, and at the end they need 10,000:1. Regardless, I don't doubt there are newbies who don't understand costs but a $10 cost to trade a $100,000 position is not particularly expensive compared to equities or virtually anything else. And a 10 cent cost to trade a $1,000 position is virtually unheard of outside of fx (albeit costs are coming down). If these costs are the trouble then...Ignored
Disliked{quote} It's only a theoretical example to illustrate how the total amount of transaction cost over time will equal the lost capital in your account. Besides that, if you have lost 50%+ of your capital - you are finished as a trader! You have to make 100% profit just to get back to breakeven!Ignored
Dislikedhere is a two questions if good traders showed people their account summery say for 5 years 1, what good would it do for other traders 2, how could they use that information to trade betterIgnored
Disliked{quote} The reason some of us sound so demotivating is because we are realists, we have done deep research on the markets, we have a lot of experience with automated trading and backtesting and last but not least, unlike many of you, we trust the basic math, the probability theory and the statistics. I don't believe in the mythical stories about these successful super traders hiding in the shadows somewhere. We simply know that such creatures do not exist. It's all smoke and mirrors! And the sooner you understand this - the less damage you will...Ignored
Disliked{quote} It's only a theoretical example to illustrate how the total amount of transaction cost over time will equal the lost capital in your account. Besides that, if you have lost 50%+ of your capital - you are finished as a trader! You have to make 100% profit just to get back to breakeven!Ignored
Disliked{quote} This is all true of trading in anything. FX is cheaper to trade than equities or virtually anything else.Ignored
Disliked{quote} The reason some of us sound so demotivating is because we are realists, we have done deep research on the markets, we have a lot of experience with automated trading and backtesting and last but not least, unlike many of you, we trust the basic math, the probability theory and the statistics. I don't believe in the mythical stories about these successful super traders hiding in the shadows somewhere. We simply know that such creatures do not exist. It's all smoke and mirrors! And the sooner you understand this - the less damage you will...Ignored