Why are most traders on the wrong side of the market? Because they're being outplayed, like chumps at a high-stakes poker table.
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DislikedWhy are most traders on the wrong side of the market? Because they're being outplayed, like chumps at a high-stakes poker table.Ignored
DislikedIt's my special proprietary indicator which i'll be selling for a one-off fee. Or ...
hold on a minute:
http://fxtradeinfocenter.oanda.com/o..._and_positions
use aggregate positioning to work out % of profitable and non.
And for ratios of long:short:
http://fxtradeinfocenter.oanda.com/o...osition_ratiosIgnored
DislikedThat's just based on Oanda client's positions though isn't it triphop? I think a few brokers publish the same stats, it might be interesting to compare!Ignored
DislikedSure. Oanda's a proxy for the whole retail market. And the whole area of losing traders...Ignored
DislikedDon't say that, otherwise we'll get the Progressive/PC numpties out there demanding that losers get "Participation" awards .Ignored
DislikedWell they're a marketmaker with a significant share of the retail forex marketmaking business but those numbers only reflect their clients positions, it's not representative of the retail market as a whole. At a guess I would say it's about as useful as the volume indicator on MT4!
I have no doubt they're extremely well versed in the whole area of losing traders though!Ignored
DislikedI don't need to have worked in a bank, it's the logistics of marketmaking and aggregating clients positions, I shouldn't think the residue is very much in the scheme of things.
For banks to actively try and guess retail traders positions and then manipulate the market in an attempt to trigger their stops would probably be an exercise in futility, and certainly not worth the effort, don't forget 95% lose without any assistance, and their money invariably goes to either the marketmaker or towards paying out the winners rather than to banks!Ignored
DislikedGood points pip - But to be right in the first place you need to be on the "right side" at some stage, and to make more than you lose same thingIgnored
DislikedThanks triphop - you're a star. Don't know if this will help my trading but interesting all the same cheersIgnored
DislikedAlmost all trades are in profit at sometime.
And a trader can be 'right' and lose due to bad money management, or because of any of all the other reasons retail traders fail, but there is a lot more to it than that.
There is generally a long(ish) term underlying trend....Ignored
Dislikedlikely due to dollarcost averaging, hedging positions, trying to fade the trend... traders always wanna pick the very lowest point or call the turn and be right and amazing... but the trend is quite persistant.. trade with the trend on long term charts and u have the banks at your back.. not traders.Ignored
DislikedGood trend traders aren't good because they trade the trend, but because they trade well.Ignored
DislikedTrading the trend on a longterm chart will have many traders missing out on early gains, and experiencing late losses. Too slow to get in, too slow to get out. Trading the trend itself is probably only marginally profitable, if that. Good trend traders aren't good because they trade the trend, but because they trade well.Ignored
DislikedDisagree. And so does almost the whole hedge fund industry BTW. Yes they still need to be good though.
Good traders understand how much easier (i.e. profitable) it is to trade with the trend than against.
Simple as that.Ignored
Quoting dominoDislikedjust trading well doesnt ensure profitability on short chartsIgnored
QuoteDislikedslow and steady boring growth mixed with previous earning potential... just as with any business
DislikedIt does, variance aside. If you're trading well, it means you're overcoming the cost of the trade.Someone may be skilled enough to almost breakeven scalping a tick chart, but it doesn't mean they're trading well, as trading well would mean choosing a timeframe where skill overcomes the cost of the trade.Ignored
QuoteDislikedTrading isn't like just any other business though, as aggression and scale can be adjusted easily. And this may be a little petty, but "slow and steady" is subjective. Slow for many skilled independent traders is going to be fast for a large fund, as independent traders are more likely to have a higher tolerance of capital fluctuation.