regards go to mr. Walander.....
It’s quite curious to notice that a majority of the forum posters here lack the foundation of any seasoned and or experienced trader but provide advice as if they are so. On top of that, a majority of posters here seemingly lack the fundamentals of general common sense. I will go through my thoughts step by step, and you yourself then can let yourself know, can you really trade competently?
(If you stopped reading here, you’re obviously not competent enough to trade- if you don’t take the time to read and learn, then take all the time you’d like to drop your balance to $0)
Several posters (some of which you’ll notice through my posting history), post questions like “does this work?” – First of all, if anyone comes onto this forum asking “does this work?” not only are you not fit to trade- you should be back in your baby crib being spoon fed. We’re not here to tell you “does this work” and I will say for the record that some things will work for some people, and some things will work for others. That is the fact of life- accept it, embrace it, make love to it, I don’t really care how you take it because you won’t change reality. Secondly, you yourself have no “credible” right to say otherwise and even more so if your first question in a thread is, “does this work?”
On that “secondly” note, if you come into a thread stating, “this has already been done … or … this doesn’t work” are you really fit to trade? Your ego is the size of the room in which you type in, and then it fills all the gaps and spaces on this forum. Who exactly are you to say that “this doesn’t work?” This will bring up two very obvious facts- a personality that will drag down your ability to competently and technically identify a trade(trend / pattern) because of your stubbornness, and secondly that for some reason without even doing your homework (backtesting/forward testing/analyzing) you’re just plain lazy.
Then there are the posters that post questions that the “search” function is for. A great example is people who don’t understand volume trading. An amusing thought is that I don’t know volume trading at all so rather than posting a “spoon feed me, I’m lazy, I don’t understand, someone hold my hand to the washroom because I’m scared to get lost” type of post, I simply took the time to read the journals on ForexFactory which then lead me to Tom Williams and Volume Spread Analysis, this all took a wonderful 15 minutes- this will actually only take you maybe 10 seconds depending on your typing speed to type “Volume Trading Forex” in the Google search bar! So- as simple as that is, still many people don’t bother, so still think you’re fit to trade if you fit that category?
Now we have people who are looking for the Holy Grail. I myself have had many intellectually stimulating conversations with people who are very open minded and sharp to discuss such a topic. Yes, there are things that are holy grails, but they are the makings of one or many people’s hard work, and the question is why are they going to sell it to you? A man with a million dollar bill comes up to you and says “I don’t want it anymore, it’s too much of a burden to carry such a bill.” Now for the sake of this horrible storyline I’m about to create, let’s just state there is such a thing, a million dollar bill. The man now says “I will sell it to you for $100,000”. Would common sense not dictate a big “WTF” to come smashing through your reality? If someone came onto this forum (Bon…o) stating a PERFECT scalper that works of a ECN server that provides 100% ROI with 1%DD- you should be dammed well skeptical of such results. If you didn’t take the time to look over their statements, check their background, do a WHOIS search on their website- well then- you fall again in the category of plain lazy.
Another loving category is the people who don’t believe in fundamentals and think they can just trade without understand the bare basics. Well, this should be a no brainer, but it is quite evident it’s not. (WARNING: This is my opinion of fundamentals.) If you cannot easily identify trend lines, support and resistance points, channels, triangle patterns, and understand the difference between stop and limit orders- YOU ARE NOT FIT TO TRADE. Some people may think and or disagree with this paragraph, but I’d like to see someone who doesn’t know the number 1…10 by heart, then attempt to do calculus.
As I continue writing this, you’ll notice there’s a common theme- LAZINESS. There’s an obvious reason why a furniture Company is called “LA-Z-BOY.” If you’re too lazy to get out of your comfort zone to understand something, what makes you think you’ll ever be in the top 5% that makes a living in Forex? Reality sucks, and simple statistics states the probability of a trader being in the “lazy” category in the top 5% is rather thin, probably close to non-existent.
As one famous angel investor said, “Tears and money don’t mix, so don’t waste my time.” Such a saying can be used for trading Forex. It would be something like, “Emotions, arrogance, ignorance, and laziness don’t mix with Forex so stop wasting your own time. If you can’t push your own limits beyond such personality trait limitations, you’re not going push your profits anywhere either”
It’s quite curious to notice that a majority of the forum posters here lack the foundation of any seasoned and or experienced trader but provide advice as if they are so. On top of that, a majority of posters here seemingly lack the fundamentals of general common sense. I will go through my thoughts step by step, and you yourself then can let yourself know, can you really trade competently?
(If you stopped reading here, you’re obviously not competent enough to trade- if you don’t take the time to read and learn, then take all the time you’d like to drop your balance to $0)
Several posters (some of which you’ll notice through my posting history), post questions like “does this work?” – First of all, if anyone comes onto this forum asking “does this work?” not only are you not fit to trade- you should be back in your baby crib being spoon fed. We’re not here to tell you “does this work” and I will say for the record that some things will work for some people, and some things will work for others. That is the fact of life- accept it, embrace it, make love to it, I don’t really care how you take it because you won’t change reality. Secondly, you yourself have no “credible” right to say otherwise and even more so if your first question in a thread is, “does this work?”
On that “secondly” note, if you come into a thread stating, “this has already been done … or … this doesn’t work” are you really fit to trade? Your ego is the size of the room in which you type in, and then it fills all the gaps and spaces on this forum. Who exactly are you to say that “this doesn’t work?” This will bring up two very obvious facts- a personality that will drag down your ability to competently and technically identify a trade(trend / pattern) because of your stubbornness, and secondly that for some reason without even doing your homework (backtesting/forward testing/analyzing) you’re just plain lazy.
Then there are the posters that post questions that the “search” function is for. A great example is people who don’t understand volume trading. An amusing thought is that I don’t know volume trading at all so rather than posting a “spoon feed me, I’m lazy, I don’t understand, someone hold my hand to the washroom because I’m scared to get lost” type of post, I simply took the time to read the journals on ForexFactory which then lead me to Tom Williams and Volume Spread Analysis, this all took a wonderful 15 minutes- this will actually only take you maybe 10 seconds depending on your typing speed to type “Volume Trading Forex” in the Google search bar! So- as simple as that is, still many people don’t bother, so still think you’re fit to trade if you fit that category?
Now we have people who are looking for the Holy Grail. I myself have had many intellectually stimulating conversations with people who are very open minded and sharp to discuss such a topic. Yes, there are things that are holy grails, but they are the makings of one or many people’s hard work, and the question is why are they going to sell it to you? A man with a million dollar bill comes up to you and says “I don’t want it anymore, it’s too much of a burden to carry such a bill.” Now for the sake of this horrible storyline I’m about to create, let’s just state there is such a thing, a million dollar bill. The man now says “I will sell it to you for $100,000”. Would common sense not dictate a big “WTF” to come smashing through your reality? If someone came onto this forum (Bon…o) stating a PERFECT scalper that works of a ECN server that provides 100% ROI with 1%DD- you should be dammed well skeptical of such results. If you didn’t take the time to look over their statements, check their background, do a WHOIS search on their website- well then- you fall again in the category of plain lazy.
Another loving category is the people who don’t believe in fundamentals and think they can just trade without understand the bare basics. Well, this should be a no brainer, but it is quite evident it’s not. (WARNING: This is my opinion of fundamentals.) If you cannot easily identify trend lines, support and resistance points, channels, triangle patterns, and understand the difference between stop and limit orders- YOU ARE NOT FIT TO TRADE. Some people may think and or disagree with this paragraph, but I’d like to see someone who doesn’t know the number 1…10 by heart, then attempt to do calculus.
As I continue writing this, you’ll notice there’s a common theme- LAZINESS. There’s an obvious reason why a furniture Company is called “LA-Z-BOY.” If you’re too lazy to get out of your comfort zone to understand something, what makes you think you’ll ever be in the top 5% that makes a living in Forex? Reality sucks, and simple statistics states the probability of a trader being in the “lazy” category in the top 5% is rather thin, probably close to non-existent.
As one famous angel investor said, “Tears and money don’t mix, so don’t waste my time.” Such a saying can be used for trading Forex. It would be something like, “Emotions, arrogance, ignorance, and laziness don’t mix with Forex so stop wasting your own time. If you can’t push your own limits beyond such personality trait limitations, you’re not going push your profits anywhere either”
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