Sometimes I also become a drama queen, especially if I post when I'm a bit high.
please forgive
please forgive
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How much do you want to make and why do you want to make it 17 replies
Can YOU make money as a professional trader - Redux 112 replies
If you make money, does Oanda make money? 35 replies
Bulls make money, Bears make money. And Pigs get slaughtered. 12 replies
Is there anything else than FOREX ??? That you can make good money. 38 replies
DislikedYep, I've mentioned this situation elsewhere on another thread; in French studies by the FSA, over 85% of CFD traders lost €8.5k each, bear in mind this was during 2015-2016 and most of them were simply going long the indices. Gamblers are that hopeless and the market makers providing the quotes are that crooked, that 85%+ lost in a bull market. It's as rigged (on the retail side of FX), as FOBTs in betting shops and arcades.Ignored
Disliked{quote} The important lesson from here is: It said that it had “identified weaknesses in the conflict of interest management arrangements” at all of the providers that it had assessed and that many did not have “the effective oversight they needed to robustly challenge poor conduct or control failings”. Basically the SB companies are trading directly against retail clients, and if 76% are losers then they have to find "new blood" constantly, hence all the advertising, promotions & sponsorship of Football teams, Formula 1, etc.. Your Broker should...Ignored
DislikedBut you don’t like stats, you can’t handle the truth, you like living in a dreamworld. I’ve already quoted the stats over on another thread, I’m not going to repeat them all again, 96% lose, 0.1% take a living out of the retail side of the industry. There’s what, 3,000 regular posters on here, desperately trying to be retail FX traders? Good luck finding the three that earn a wage... The retail FX industry is finished, it’s a sad joke, central banks and financial authorities are conspiring to kill it through leverage restrictions. The debate on...Ignored
DislikedYou lose, your spread betting broker wins, and no one should be blinded by the nonsense that FX firms only profit from the spread. Anything thinking that for example: plus 500, FXCM or FXPro, only make their massive profits through volume, with a spread of 0.3 on EUR/USD etc, is completely deluded. Plus 500 saw a 70% rise in net profits, to $200 million in 2017, they’ve an army of coders, who wouldn’t look out of place working for Mossad, bleeding their punters dry. In the distant past I’ve watched friends/colleagues as they manipulate the markets...Ignored
DislikedYou lose, your spread betting broker wins, and no one should be blinded by the nonsense that FX firms only profit from the spread. Anything thinking that for example: plus 500, FXCM or FXPro, only make their massive profits through volume, with a spread of 0.3 on EUR/USD etc, is completely deluded. Plus 500 saw a 70% rise in net profits, to $200 million in 2017, they’ve an army of coders, who wouldn’t look out of place working for Mossad, bleeding their punters dry. In the distant past I’ve watched friends/colleagues as they manipulate the markets...Ignored
DislikedI think if you choose to ignore the warnings then you are solely to blame. {image}Ignored
DislikedBut here's a thing, if I bet on Man City v Arsenal tonight I don't get a synthetic fixed result, it is what it is, it'll either be a win for either side or draw, so I've got what, 1 in 3 chance of getting the result right.Ignored
DislikedIf you like to trade Asia session, my template indicates could be a little EURUSD short to grab a few pips. It is little risky so do not stay too long at the party if it goes against you. Market is very nervous right now. {image} For those who don't use indicators, THIS IS NOT FOR YOU <-------------------.Ignored
DislikedI would also add this is a trading maxim that must always be kept. If your position goes red, kill it. It is not performing. Drop it like a bad whore. Don't say, it might come back. Do you know any good whores?? lol. Hope you are ok.Ignored
Disliked10y, 15y backtesting?!? ... who can more? 20y next time? Why ppl tend to waste their life with back testing, some doing it as a full time job, rather than spending the time thinking how to make a good trading system?Ignored
DislikedI'm impressed, and a little amazed, at how so many of you are able to post your bullshit on this thread and trade, all at the same time (that's a joke, because there is ample evidence that none of you are traders). What a remarkable demonstration of multi-tasking! I started the week by posting one of my planning charts, the GA. I posted several follow up charts but erased them, as I did not want my work to be associated with the shit storm of negativity here on this thread. This week, I have been trading the GA, the EA, the G$, and the $CAD. It's...Ignored