Admittedly, mine aren't that great, but can anyone care to share their opinion on how it is possible?
myfxbook FXDD Demo Contest 14 replies
I see you're still going strong. Well done!
Are you always changing your trading technique a bit here and there to adopt to new market sentiments? Or are you using the same technique from day 1?Ignored
DislikedI only trade one way, live and demo. Support/Resistance and nothing else.
S/R works in trending and ranging periods, it's just the horizons that change.
DislikedThe primary problem that I see with Myfxbook is that it allows demo traders in and doesn't take sentiment readings. Another network I've been participating in is Currensee. Its a direct competitor of Myfxbook, but one thing it allows us above and beyond drill down statistics on strategy and time frame is the ability to see community sentiment readings, position data, and active communication on a real time basis.Ignored
DislikedCurrensee allows only real traders to participate - who said demo traders are worse than real traders? Some of the best traders I know started from a demo, so you can't judge by that..Ignored
DislikedAlso, what's the point of using trader's data if more than 95% of traders fail? It's the same like saying you can take a 99% losing system, and just take the counter trades to be profitable - I'm sorry but it doesn't work that way.
DislikedOne final thing - traders need to give away their real login details to the trading platform? You can't be serious! Make a poll here how many would agree to do that? Not many I bet.Ignored
DislikedTrue also. BUT, you have to look at community sentiment on Each pair individually and the history. It does give some interesting feedback. Plenty of other tools besides just community sentiment.Ignored
DislikedI hooked up with some successful traders who trade Full time and I follow their live trades and some systems on there(we chit chat about what's going on too)Ignored
DislikedNow you say you found some successfull traders there - I find that very hard to believe. Why would a successfull trader share his trades and system with you and even in real time so you can just duplicate his trades?Ignored