Here are my main points:
1. Nobody wants to be a newbie
2. Nobody wants to be a newbie
3. Nobody etc...
Whether we like it or not in Forex we are all newbies at some stage. An experienced trader is a newbie when he tests a new strategy.
If you read a thread about a trading strategy that is more than a few weeks long and that strategy looks good, ask questions. Back test it. If you don't know how to back test, learn. Put the hours in. Ask questions.
People mess with perfectly good strategies because they lose some money, to make them more interesting, make themselves look knowledgeable (See point 1. ), produce gadgets (especially ea's) and often the end result is a bit of a Frankenstein's monster. But the main reasons are as follows:
1. All perfectly good strategies have losing streaks.
2. All strategies have losing streaks.
3. etc
That's why we only risk <2% isn't it?
So to sum up. Not everyone who posts here knows what they are talking about. Especially those who sound as though they know what they are talking about. Those who know what they are talking about usually stay quiet and watch the mayhem. Then they go in and pick up the pips.
1. Nobody wants to be a newbie
2. Nobody wants to be a newbie
3. Nobody etc...
Whether we like it or not in Forex we are all newbies at some stage. An experienced trader is a newbie when he tests a new strategy.
If you read a thread about a trading strategy that is more than a few weeks long and that strategy looks good, ask questions. Back test it. If you don't know how to back test, learn. Put the hours in. Ask questions.
People mess with perfectly good strategies because they lose some money, to make them more interesting, make themselves look knowledgeable (See point 1. ), produce gadgets (especially ea's) and often the end result is a bit of a Frankenstein's monster. But the main reasons are as follows:
1. All perfectly good strategies have losing streaks.
2. All strategies have losing streaks.
3. etc
That's why we only risk <2% isn't it?
So to sum up. Not everyone who posts here knows what they are talking about. Especially those who sound as though they know what they are talking about. Those who know what they are talking about usually stay quiet and watch the mayhem. Then they go in and pick up the pips.
Gone to a better place