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- | Joined Apr 2006 | Status: Member | 440 Posts
"Youth is the trustee of prosperity." - Benjamin Disraeli
Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies
Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies
Why "forex" and not "futures" ? 1 reply
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I also disagree with you that there is no secret method.
believe it exists: Combine Money management and a proper entry and exit technique and there.....You got yourselfa winning method.Ignored
Disliked.... For many the need to be handed solutions to their problems is so ingrained in their personality that they will be long removed from the markets before what I say could have any beneficial effect. ...Ignored
DislikedMost people don't know HOW to think. I'm not being critical; it's just a fact of life. Nowhere in most people’s lives is thinking a necessary component for success. It's not that people don't ever think, or can't think mind you; they just don't really put that much effort into doing it. We're told what to do in almost every situation by our parents, teachers, and eventually supervisors at work. Just think about all the highly educated people at your day job who can't be bothered with figuring out how to remove the paper from a jammed copier. A 4 year old COULD figure it out in about 20 seconds, but since the IT people have been trained how to do it, it gets pushed off to them. Life is just too damn easy.Ignored
DislikedWhat I (and what I think most other successful traders on here) try to do is teach people how to think about the market. Am I wasting my time? For most of the members, the answer is probably yes. For many the need to be handed solutions to their problems is so ingrained in their personality that they will be long removed from the markets before what I say could have any beneficial effect. It's the 5% who use their head already, who can take my information and use it to achieve success which I spend my time here for. In my mind those people deserve to have good information to work with and I feel a sense of responsibility as an experienced trader to carry on the tradition of providing it to them.Ignored
Dislikedthe reality is they arent successful either,acting sucessful gets them respect from noobs, think about this, if you were successful would you spend your time trading and making craploads of money or would you spend it trying to teach a bunch of noobs??Ignored
Disliked300% agree...
i felt cheated...Quoting g-doggDislikedView Post
the reality is they arent successful either,acting sucessful gets them respect from noobs, think about this, if you were successful would you spend your time trading and making craploads of money or would you spend it trying to teach a bunch of noobs??
same goes to robert kiyosaki...why would he teach people if he can make himself moneyIgnoredIgnored
DislikedFirst of all there has to be said that there is no Holy Grail, apart from big players - they KNOW when to trade in order to WIN on 100% and they aren't us. We have to however develop money managment strategy in order to have more winning trades than loosing ones. That's it - as simple as it is. Make this formula your own oath and obey it no matter what. Keep it real guys!Ignored
DislikedWhy do some experienced traders here (apart from those who mentor me) act so stuck up with their success story and method?
most of who i see sharing "systems" and giving hints are nebwbies that either trading demo or losing real cash.
to be honest, i see newbies often leading newbiesIgnored
QuoteDislikedSystems constructed from assumptions concerning basic economic
fundamentals are also subject to failure. For example, it
has been established that, in almost all cases, stock prices sooner
or later rally in the face of falling interest rates and begin to fall
sometime after rates have begun to rise. The lags fall into a fairly
predictable ränge most of the time but on occasion can be unduly
long. These exceptions can result in missed opportunities or devastating
losses. This problem occurred at the beginning of the
Depression. Interest rates peaked in the fall of 1929, yet the stock
market declined by about 75% over the next three years. In this
instance, the knowledge that rates lead equity prices could have
led to devastating losses. Timing is everything. In a similar vein,
short-term interest rates bottomed out in December 1976 at 4.74%
and almost quadrupled to a cyclical peak of 16.5% in March 1980.
Yet stock prices in the same period äs measured by the S&P
Composite were unchanged.
While the inverse relationship of interest rates to equity
time, these examples show that it is far from perfect and certainly
prices works well äs an indicator of market direction most of the
no Holy Grail. The reason for this is that once a certain
and the relationship breaks down.
indicator or investment approach works for a while, word of its
money-making capabilities spreads like wildfire. Then, when everyone
is aware of its potential, it becomes factored into the price
DislikedNow, regarding the thread subject, why pro players don't help begginers? Maybe they are tired of answering question that they allready did with 2 or 3 threds before; anoher reason is that by letting begginers find aswers themself, they force them to think and create thinks.
My oppionionIgnored