Get a Job and just Set-and-forget if you Swing Trader, no stress at all..
Living in China, trading for a living 18 replies
Could someone recommend an honest broker? 18 replies
recommend me a broker to trade ES 6 replies
Recommend an ebook on trendlines.... 10 replies
Any daily/day trade strategy to recommend from this forum 2 replies
Disliked{quote} I saw some guy over there at MQL5, He had over 1000 subscribers paying him 30USD a month. He's managing 4.5m, but his account is a cent account. .Ignored
Disliked{quote} He dose have over 12 months of live results. So if I were you, I'd open a cent account and deposit 10 000 cents. Treat it very seriously for a year, with the objective of limited draw down, and consistent monthly return. Then and only then become a "seller" on MQL5 and offer your signal for $30 dollars a month, then get 1000 subscribers like old mate and rake in your $30 000 every month. not a bad living.Ignored
Disliked{quote} Most of those statistics are manipulated. You can see PAMM account of some bucket shop brokers like LITEForex or Instaforex where some PAMM Managers Have 75000% return on boards. We need to learn trading by own under all circumstances. I only Like Steve Nison because he always claim to be Teacher and NOT as a trader. He's good Candle stick Teacher and charge money for teaching without delivering any return promise. Not necessarily every Teacher can't be good trader and A very trader/investor never reveal the trading beyond his successful...Ignored
Disliked{quote}
But the irony is, IF you have a winning strategy, WHY would you want to teach it to another to win? Given that investing is a zero-sum game in that one cannot win without being at the expense of another, WHY would you want to teach your winning strategy to another so the other person can win at your expense? If that person has learnt your winning strategy, he/she will be winning while trading against you and you will lose? So WHY would you want that? It does not make sense.Ignored
Disliked{quote}
So investment teaching really has become a catch-22 situation. If this person is a good teacher with a proven track record that consistently makes above-the-market returns, then WHY is he sharing his/her method? Wouldn't it be more profitable if he/she keeps the method to him/herself and never share it? If that person is just teaching because he/she is not being success as a trader, then like I said before, WHY should you waste your money learning from him/her to be a bad trader?Ignored
DislikedHi all, Thank you all for your feedback. I am thinking about idea: 1. Sell signals via email 2. Offer copy trades via third party like Zulu, mql5... 3. Offer account managed service 4. ... How do you think? Thank youIgnored
Disliked{quote} Because he/she fear and greed in live trade so he/she is not being success as a trader but his/her system works in theory. Just my 2 cents.Ignored
Disliked{quote} As for selling signals, don't do it. Real traders don't buy or use those services. Most are scams. Yes, a few are legit, doesn't matter, the whole sector should be banned in my opinion.Ignored
DislikedIf you are not trading and making money how can I believe and how do I know what you are teaching works in the real world? WHY would I pay to learn something that has been proven to work and WHY should I pay real money to learn from somebody who him/herself hasn't put his/her money where his/her mouth is? If he/she him/herself hasn't dared to risk his/her own money to show real records, WHY should I?Ignored
QuoteDislikedBut the irony is, IF you have a winning strategy, WHY would you want to teach it to another to win? ....... So WHY would you want that? It does not make sense. ...... If this person is a good teacher with a proven track record that consistently makes above-the-market returns, then WHY is he sharing his/her method? Wouldn't it be more profitable if he/she keeps the method to him/herself and never share it?
DislikedBut is it ethical for a genuinely profitable trader to sell his knowledge to willing buyers? I would say an emphatic yes. If schools and universities charge money to teach knowledge, then so too should successful traders. This may sound harsh, but I see freeloaders in forums who are effectively begging for charity: they believe that they are owed free programming, free strategies, free information. {quote} I agree that potential buyers would be foolish to spend money on education where the vendor has not demonstrated proof of long-term trading profitability....Ignored
DislikedNow onto the question as to why a successful trader would want to sell his knowledge, given that he is potentially creating competition for himself. Firstly, forex is a very big market, hence having other traders risking 1% of an account less than (say) $10 million is going to have negligible gravitational effect on price movement, especially in the major pairs during peak hours. Secondly, probably something like only 1 student in 20 is going to have the personal qualities (aptitude, patience, composure, resilience, diligence, humility, self-discipline,...Ignored
DislikedYou agree that someone can sell his profitable strategy or not? And why?Ignored
DislikedYeah but the kind of trading strategy/system that provides consistent long-term profit is the kind that wouldn't need that much discipline, tenacity and perseverance and etc. from the trader.Ignored
QuoteDislikedTrading is the art of seeing and having the ability to act on certain conditions. These conditions never look exactly the same because you never have the same amount of traders taking the same position sizes or entries in a repeatable pattern. Every accumulation and every distribution looks different, but it doesn't mean the market isn't constantly accumulating or distributing. And there is absolutely nothing random about the functionality of this process.
QuoteDislikedIf you are from P.R. China, lots of red pips to you! And to the rest of us, lots of green pips!!
Disliked{quote} I think it ultimately comes down to personal choice. What I was saying before is that sharing a profitable strategy is unlikely to affect your own profitability, for the reasons that I gave. And selling your strategy can provide the benefit of diversified income, or the income needed to help build a decent size account.Ignored
Disliked{quote}That is why I tend to believe in knowledge and experience, rather than strategies or systems.Ignored
Disliked{quote} I dunno I do tend to give a grain of salt to trading teachers who are not traders themselves simply because trading is a very practical venture where its success is directly measured by how much you make in the real world. If you are not trading and making money how can I believe and how do I know what you are teaching works in the real world? WHY would I pay to learn something that has been proven to work and WHY should I pay real money to learn from somebody who him/herself hasn't put his/her money where his/her mouth is? If he/she him/herself...Ignored
DislikedYes, I totally agree with you. You a great trader in FF. Thank youIgnored
DislikedHow do you think if I say "He fear and greed in live trading so he is not being a success trader but his system works in theory or demo"? Thank youIgnored
DislikedDo scams exist? Of course. There are 8,400 threads selling forex related material in FF's commercial section, and as a not completely uneducated guess I'd willingly bet that more than 90% of these strategies would lose money, if traded for long enough. So there are 7,500 different 'scams' to start with, and without having to leave the boundaries of FF. But is it ethical for a genuinely profitable trader to sell his knowledge to willing buyers? I would say an emphatic yes. If schools and universities charge money to teach knowledge, then so too should...Ignored
DislikedI'm a retired software developer, not a professional trader. Forex is just a hobby for me. I post my opinions, right or wrong, just like everybody else.Ignored