@Sauron: Great post - as always. IMHO.
@Intu: likewise.
@Intu: likewise.
Which FX Trading Course/System is Good for newbies? 41 replies
Is this a good or not that good begining? 6 replies
Why Traders fail despite of good system available here in Forum?? 8 replies
Need a good Metatrader broker for a scalper system 14 replies
Quoting smile1DislikedA good sytem to me is one that blends into your trading personality.
Basically one that's customized to how you like to trade and of course is profitable. Although I think the fit is more important than the profitability.Ignored
Disliked1)What are the attributes of a good system?
2)What would it take to convince you that the system works?
3)How long would it have to work before it could be considered a good system?
4)How profitable would it have to be?
I'm looking for your opinions, here are my answers
1) It must have definitive entry/exit points, no guessing. It must be understandable to someone with no college degrees. It must make at least 5% a day average. It must work in all market conditions.
2)It would have to turn a micro account into a standard account in less than a...Ignored
DislikedMoney doesnt make a man rich my friend, I just make enough to be happy, take 5 stay alive! good luck...Ignored
Dislikedoops, got my 5% just now in my retail account as we speak and the day only started 3 H ago, by the way like I said this is 5% min. every single day, just do some thinking guys...Ignored
Dislikedwhat is so shocking about 5% a day, 5% a day is a minimum, and whats a diference betwen demo and real, price moves the same way...Ignored
DislikedThat's true happiness is the goal. So maybe the answer to the question is that the best system is the one that makes you happy when you're trading it. So is there a system out there that makes you happy to trade it win or lose?Ignored
DislikedNothing is shocking about 5% a day in and of itself. If you force it and demand 5% everyday tho sooner or later it will bite you. It's unrealistic to think you can make 5% everday. You are likely over-leveraging to do it.
We don't have the luxury to consult with the pros of Lehman Bros about the pros and cons of over-leveraging do we?
The bigger question is why would you come here if you have such a system? Alterior motives are a dime a dozen ya know?Ignored