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- trader121 replied Mar 20, 2016
This is wrong, the winning chances in FX Trading are NOT 50/50. The winning chances are always LESS than 50/50. If you are playing roulette and betting on black or white, the chances of winning are not 50/50 as well, see here: url
- trader121 replied Mar 18, 2016
No. It is mathematically not possible. What is possible is 20% a year, but you have to be a world-class trader to achive that
- trader121 replied Mar 18, 2016
We can NEVER predict the market. Nobody can. Can you predict the lottery numbers as well? Think about if you are standing in front of a roulette table. Can you predict the next numbers? Forex is the same Thing. You cannot predict the next movements
- trader121 replied Mar 18, 2016
I just tested the next month. The strategy crashed spectacularly
- trader121 replied Mar 18, 2016
Now tested the whole month (March 2010). Maybe the best way is to brute-force Money out of the market, I don't know. Maximum Drawdown widened to 15'530. Total Profit is 32'664. The Big Question is now, how does it look with commissions. The Answer: ...
- trader121 replied Mar 18, 2016
Now 16 Days tested. Still works, the Maximum drawdown has been widened to 6'136. Total Profit is now 17'128 Total trades number of trades: 1275 The return on the starting capital of 35'000$ is now 48%.
- trader121 replied Mar 18, 2016
Just made a test with a strategy that uses some Kind of "brute-force" method. Tested 8 days, and made a Profit of 11'300$, with a drawdown of 4'798$. However, this method was made without Commissions. The total trades so far are 791 Trades, 474 ...
- trader121 replied Mar 18, 2016
Hannover, what is in your opinion the best way to make Money in Forex?
- trader121 replied Mar 17, 2016
You are somewhat barking up the wrong tree. First of all, most of the users in this forum are retail traders. The daily trading flow of retail Traders is just 4% of the entire daily fx flow. Retail FX is just a tiny part of the complete FX market. ...
- trader121 replied Mar 17, 2016
Wrong. There aren't any. Here are two questions you can think about: Take a strategy that constantly loses money. It does not always lose with every trade of course, but over time, the profit curve constanly goes down. This is very easy to find, as ...
- trader121 replied Mar 17, 2016
Simple answer: No
- trader121 replied Mar 17, 2016
Great. I was wrong, thanks, you made my day. Finally there is a strategy that works. 140x the balance of a live account in 30 hours. Thanks again.
- trader121 replied Mar 17, 2016
That does not matter, there is no strategy that works. Forex is full of dreamers, not realists. Think about it: If there would be a working strategy, you could just apply it and become a millionaire in no time. That's not how it works. Many ...
- trader121 replied Mar 12, 2016
100% agree. Mingary is one of the very few people here with common sense. However, what is missing in this thread is the mathematical aspect. At the end, every trade is related to math. For example for every trade a spread and comissions are ...
- So you wanna trade Forex like a Hedge Fund?
This Youtube video shows an Excel Sheet containing Excel Macros. The sheet was optimized for a ...
- trader121 replied Jan 9, 2016
You say that Avging is not a good thing to do. What is good then in your opinion?
- trader121 replied Jan 9, 2016
If you make a trade, short or Long - your Chance of winning is 50:50. Even if you think your winning chances are higher - it's still 50:50. It's always 50:50, no matter what the current situation is. Now if you think that on every trade a spread and ...
- trader121 replied Jan 4, 2016
The Topic owner somewhat asked the wrong question. At the end of the day, everything regarding trading is pure Math. The real question should be: How likely can you make Money from forex trading from a pure mathematical standpoint? Let's take some ...
- trader121 replied Jan 4, 2016
The FX Industry is insanely profitable. Nobody - and I really mean Nobody - want to abandon on those profits. That's why I always find it highly unlikely that FXCM will go bankrupt, since there will be someone who does not want to Abandon on those ...
- trader121 replied Dec 16, 2015
Will we see 1.08 today?