DislikedNot to spoil the stated purpose of this thread, but in reality, there is no such thing as an edge. An edge implies that, if you can discover this one thing about the forex (I assume we're talking about trading the forex, while logged onto Forex Factory), and learn to repeatedly exploit that sigular thing, then you will, over time and within some probability distribution, achieve success. This is not possible. An edge does not exist in the forex. Searching for/believing in an edge (which does not exist) is strictly within the preview of retail forex....Ignored
Seriously what a Load of RUBBISH !!!! Time to go and find what the meaning of an edge is??? Every trader that makes money has an edge - the edge is what makes them money. An edge is a pattern that repeats over and over again. There is lots and lots of edges in trading. I will give u one since u have no idea - TRENDS - they happen in all timeframes and in all markets and happen every day of the year and back in time hundreds of years ago. U just need to define what a trend is and enter on pullbacks with a plan and u will make money in the long run - u heard of the Turtle traders - very famous - they traded trends and their edge was trends.
I turned 10k into a 7 figure amount using trends as my edge - i have been trading for 16 years and trade fulltime - to say their is no edges is a joke and i shake my head in disbelief. The one secret is i trade shares as forex is mission impossible with only 1% making money longer term(10 years) while 99% fail. At least in shares it is around 20% odds of making money. Forex does not trend as well as shares as no currency trends can go up 1000% a year like shares can as shares have no limit they can go up where forex does have a limit.
Lithium mining shares have went up heaps in the last couple of years and defied the downturn in shares like this example. Heaps of mining shares going up on the ASX (aussie martket - ) i trade both long term and short term trends
To make money in trading u must have an edge - in a trend if u buy pullbacks u risk a small amount to make a bigger return holding while the trend continues - trends give u a good risk to reward and u can easily get 3 to 1 to even 10 to 1 return plus on risk to make money over a series of trades (100 trades) this is how u grow an account over the longer term. Easy to do but most won't do it as they want 100% winners which is impossible. To make big money u will have losing trades but the winners are far bigger than the losing trades
Trading trends is easy to do but most refuse to do the easy stuff as they think more complex is better which is a joke - They want the HOLY GRAIL which does not exist
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