The market is my nation. Traders, my family. Hello, brothers and sisters!
USD/TRY and EUR/TRY 12 replies
90% of traders lose money! True or False? 247 replies
Why you lose money and will always lose 31 replies
Did we Lose any Brokers? Are we going to Lose a few? 1 reply
DislikedYou are an individual and thus represent only yourself. I was talking about the actual statistics of the company that has thousands of retail clients.Ignored
DislikedIf avg spread = 3, 3=40% that means their avg loss outside of the spread is 7,7.5 pips? All these folks must be scalping, there are few with that skill. No wonder 90% of traders lose their money.Ignored
DislikedI could take the best forex signals from the best signal company and somehow the market knows I entered and then it says" OK, Rick has entered a trade so it's time we go in the opposite direction now!"Ignored
DislikedThose numbers I took directly from the back office of a major London based dealing company. It was their actual statistics. That time I offered them a new joint venture project that would generate trading signals based entirely on the sentiment of their retail clientele. Each retail customer position had to be mirrored, reversed and then sent into the real market automatically. Eliminating the spreads was one of the problems we had to deal with.Ignored
Dislikedif you put all of the lot in 1 trade, whatever the methode it is, and it is hard to lose money, with only a 0.5-1%equity put into play whatever methode it isIgnored
DislikedPlease keep in mind that "reversing" losing trades from consistent losers in the forex market will NOT give you any special mathematical advantage.
Over the years I backtested hundred of forex systems. Most of them are losing systems. Now you would think : "Hey, just take a losing system, reverse it and voila! you now have a winning system!"........Ignored
DislikedMy dear, after making living in FX trading for almost 14 years, I have eventually figured out the difference between "the system" and "the statistics". Hope you will also get the idea one day. Present your findings to the dealers and brokers. They will not laugh in your face only because they would want to keep you as a customer for a bit longer. GLIgnored
DislikedI am not sure I quite understand your post, even though I do sense some unnecessary sarcasm. What are you trying to say, in short? Forex dealers and brokers make money because, like casino owners, they have a statistical edge, the spread, no reverse trades are ever needed in their cases, I think you are confusing the issue here.
Also, why are you interested in losing systems and losers in general, if you are already so successful in the FX market, like you claim?Ignored
DislikedOK. I will try. If losers don't lose then dealers and their families will die out because of hunger and the retail FX will cease to exist. Is it clear enough?Ignored
DislikedWhat?? Are you for real ??
FX brokers make money from the losers AND the winners, via the spread, they do not care who is winning or losing, they just collect the spread from both sides.Ignored
DislikedYou're definitely one of the funniest FX related persons I have ever seen. Please, try not to tell this no so smart thing to any dealing company's employee. Poor guy might even die just laughing at you.Ignored
DislikedWell if you think that winners (like losers) do NOT pay the spread on each trade they are initiating, then there is nothing else I can do for you.
By the way, where are the backtest results of your so called "High percentage market" patterns in your "Beat the odds in forex" trading book?
Or do we just have to take your word for it and trade these setups blindly?Ignored
DislikedYou make me laugh over and over again. Tell me a single reason why I should care about it? Try and figure it out whether it works for you or not.Ignored
DislikedIf avg spread = 3, 3=40% that means their avg loss outside of the spread is 7,7.5 pips? All these folks must be scalping, there are few with that skill. No wonder 90% of traders lose their money.Ignored
DislikedNo Sir, it is YOUR duty to prove to us the profitabilty of your patterns, that's why we paid $60 each for your book.
Take the simple pattern on page 148, could you tell us how profitable this setup is ? How many pips can we make (or lose!) per year with this day-trade pattern, what drawdown to expect, etc...
You simply cannot put a bunch of patterns in a book and tell your readers " Hey, try it out and see if it is working". YOU are the expert, YOU created these patterns, YOU tell us.Ignored