I believe 5% make a living.
And probably 0.0001% are ultra-millionaires.
And probably 0.0001% are ultra-millionaires.
Why you lose money and will always lose 31 replies
1% Money Management is a myth, fib is a myth and so on.. 45 replies
Did we Lose any Brokers? Are we going to Lose a few? 1 reply
Vegas Profitability 3 replies
Risk Multiples and Profitability 1 reply
Disliked{quote} Preaching to the choir is boring. I am the William Tyndale of forex I think you mean ==> TradersAlwaysLose.comIgnored
Disliked{quote} Since you seem to know your stuff here, can you compare what could you tell me what is the difference between the three types of trading platforms? I am really and always have been curious from a followers point of you, not selling your signals there - as we all know, traders are traders they can earn anywhere.Ignored
DislikedWho actually cares whether 5% make it or 95% do, because what it boils down to is the self - do you want success badly enough to prioritize it over everything else in your life and are you prepared to do whatever it takes to achieve it. This applies to any endeavor in life, but what makes forex so hard is that it is totally unforgiving, you just cannot wing it, either you put the work in, however long it takes, or it kills you off very quickly.Ignored
Disliked{quote} If you look at sites like collective2, zulutrade, eToro, etc, it's apparent that many traders (possibly more than 50%) use MM systems that are unsustainable. They don't use SLs, they add to losing positions, they use martingale variants etc etc. Many of these accounts remain profitable for several months before the MM eventually catches up with them, and they crash spectacularly...Ignored
Disliked{quote} Wow you are really very certain for somebody who isn't a pro forex trader......Ignored
Disliked{quote} If there is an adverse price excursion against you, it is more likely to bounce back than to get worse, thus negating the entire point of using stops. "Adding to losing positions..." what is wrong with that? EVERY position is a loser the moment you place the trade.Ignored
Disliked{quote} Perhaps you're just looking for an argument, picking individual statements and quoting them out of context? Just in case it wasn't obvious from my post — and the thread topic — I believe I was talking about the unsustainable MM used by hundreds of 'amateurs' ...Ignored
Disliked{quote} NO offence I know this debate is btw you and Han, BUT If you were to say that to any head trader that I ever worked for in an interview they would have politely shook your hand, thanked you for coming in, and your application would have went right into the trash before you walked out of the building. Sorry but this goes against every rule regarding risk allocation I have seen lol...and the reason is you would never be able to sell it to a potential investor. You really have to look at trading as a business for any of this to make sense....Ignored
Disliked{quote} Yes, you were. Context confirmed. My point is that you are assuming that the MM techniques you listed are 'unsustainable'. They are not. They just need to be done correctly. Telling traders to use stops always and never add to positions is a surefire way to make them lose slowly. A stop is a secondary analysis. The primary analysis is when you first got into the trade. You decided the market was going to go a certain direction. Then it went the other way, approaching the stop level. The stop is a TRADING DECISION and should be based entirely...Ignored
Disliked{quote} Yes, I am aware that this is contrary to conventional wisdom. Conventional wisdom is wrong. Ever hear of Rescaled Range Analysis? Heard of the Hurst Exponent? There are techniques which can determine if a time series is persistent or anti-persistent. They have been applied to many markets by people far smarter than those head traders you mention. They find that stocks, bonds, and most futures are persistent markets. They also find that currencies are mostly anti-persistent markets. In persistent markets, it is more likely that a trend will...Ignored
DislikedThe 2011 figures: 43.3% in profit 41.0% 38.1% 36.2% 33.0% 33.0% 30.3% 29.9% 29.0% 26.9% 99,207 accounts evaluated. I may sound a little evangelical about this, but I see no sign of 5% profitable. The figures I have show CLEARLY that AT LEAST for the last 3 years (which many commentators have described as the worst) significantly more than a 3rd are profitable.Ignored
Disliked{quote} The people here who keep telling us that we are destined to lose seem very suspicious to me. I cannot think of any valid motive for them telling us these things. They can't be working for the brokers or banks. They want us to trade. They can't be individual traders. If these people go around saying that 95% of people lose, and they continue to trade anyway, what was the point of their 'warning' if even they won't heed it? Maybe they are ex-traders who quit. If so, why hang around FF? How bored must they be? I have an idea who these people...Ignored
Disliked{quote} and where will those profits come from if everyone is winning? You know its a zero sum game right? .Ignored
Disliked{quote}They don't want us to know that Work + Intelligence ( ??????)+ Courage = Money. They want us to believe it is all impossible and give up.Ignored