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Attachments: Is Forex reliable?
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Is Forex reliable?

only reliable, if you have good risk management and style of trading. 90% people lose though
I think it's as reliable as you choose to make it. If you take the time to actually learn I think the sky is the limit with anything we do in life. Thinking you will turn $1 into $1 million in a day though is not. I think most people who become "traders" never really become traders just people who invested some money and blew it. They didn't take the time to learn anything and if they did they didn't follow it.
Quoting noobtrader10
only reliable, if you have good risk management and style of trading. 90% people lose though
Absolutely, the only reason why they lose is because they don analyse the market properly and take decisions roughly which creates problems for them.
Quoting GodfatherSam
{quote} Absolutely, the only reason why they lose is because they don analyse the market properly and take decisions roughly which creates problems for them.
I am fairly new too all of this myself buy from what I see time and time again that is generally agreed on is risk management. Glad too see I am on the right path so far.
Quoting Subliminal
{quote} I am fairly new too all of this myself buy from what I see time and time again that is generally agreed on is risk management. Glad too see I am on the right path so far.
Glad to hear that and Hope that you will find more success in future, Just do trade constantly, you will definitely be successful.
Quoting GodfatherSam
{quote} Glad to hear that and Hope that you will find more success in future, Just do trade constantly, you will definitely be successful.
I will, I have nothing but time.
Quoting Subliminal
{quote} I will, I have nothing but time.
Good as the time is the main factor that we need to take care off, the more time you invest the more money you would able to make through Forex.
Quoting GodfatherSam
{quote} Good as the time is the main factor that we need to take care off, the more time you invest the more money you would able to make through Forex.
I'm agree with this. Learn more to earn more
Quoting GodfatherSam
{quote} Good as the time is the main factor that we need to take care off, the more time you invest the more money you would able to make through Forex.
Success in Forex requires people to invest both time and effort in order to learn and improve.
Forex is just like another business, it need to learn, practice, and always have an evaluation when you try this Forex. People who say it not reliable maybe they already bankrupt (Margin Call) or they didn't know what is the true meaning of Forex.
Quoting MapleLeaf
{quote} I find it funny that none of those PAID Posters working for the Brokers, none of them could take a bet, ever. My offer was posted almost 1 year ago, and nobody in 10,000 members could take it. Even the guys who claim to make a living in this scheme. It's pretty obvious why. Those guys are so full of it. Just saying. ::::::::::::::_____:::::::::::::::
Except that in post #68, AimHigher posted the following that you simply ignored before continuing with your rant:


"MapleLeaf,

The bet that I have to make $3,000 EVERY month, I would never take since by simple randomness, almost any strategy with a long term positive edge is likely to have negative months, unless it has a very high frequency of trades or a very high and consistent edge. If the bet was to make $36,000 in a 12 month period, I would gladly accept it BUT depending on some clarifications:

What is the starting equity am I allowed to have in my account?
Can I choose which broker to use?
Do I have to trade the the entire 12 month period or can I stop if/when I hit $36k of profits?

Regards,"
Come with me if you want to live....
Quoting KrisnaW
Forex is just like another business, it need to learn, practice, and always have an evaluation when you try this Forex. People who say it not reliable maybe they already bankrupt (Margin Call) or they didn't know what is the true meaning of Forex.
Most people come here with a background of employment, not with a background of self-employment, and THAT is their big problem. As a trader and as a business owner you "enjoy" the real unfettered market. You make money in it by using its "swings" but these don't necessarily come monthly like your paycheck did. If you're building houses for example the swings are largely driven by the overall economic climate, the weather, rate developments, availability of sites and so on. I'd bet selling cars goes better in the summer, just as selling or renting property in London or holiday homes on Ibiza. The real market has no concept of reliability.
You can however get quite close to something like regularity in FX by focusing on smaller movements potentially occurring several times per day and you can reach something close to reliability by having a safety net for worst cases in place.

Employed people live behind a big indulgent cushion. There is (depending on your political views) not much or nothing wrong with that but if one expects that same safety in a real market he'll certainly face some problems rather sooner than later.
I will now tell you guys how to get consistency in your trading and how it can become as reliable as it can be.
The secret is diversity and frequency.
Lets just say that you trade the Cypher pattern. Now Cypher patterns or most advanced patterns work well in a non trending environment.
Meaning that your good months are going to be months where the market is not trending and your bad months will be months where the market is trending.
Now how will you get that consistency you want?

Simply expand your strategies so you have something or several things that work in both environments.
On top of that try to get enough pairs and enough strategies so you can trade frequently in both environments because if you have 1 strategy in which you only get one trade in a week for example there is a chance that you won't get one for a month and then suddenly get 4 in a day just to put an example out there.
This makes it so your equity curve will be smoother and it will be more reliable.


Any questions are welcome!
Thanks
AntiVi
Quoting JensG
{quote} Most people come here with a background of employment, not with a background of self-employment, and THAT is their big problem. As a trader and as a business owner you "enjoy" the real unfettered market. You make money in it by using its "swings" but these don't necessarily come monthly like your paycheck did. If you're building houses for example the swings are largely driven by the overall economic climate, the weather, rate developments, availability of sites and so on. I'd bet selling cars goes better in the summer, just as selling or...
Because most people came to forex and considering it as their side job that they can earn some additional money from it.
What happened on 15th Jan 2015 shows that forex (which is unregulated) is very dangerous. You can lose more than your initial investment.

things to consider:

Keep study forex trading, to learn how trading works. everything you learn in forex trading will benefit you on others instruments, even in real life.

When you finally make profitable trade, apply those skill on regulated instruments such as FX Options and FX Futures (CME/GLOBEX/ISE) or Stocks and Stocks Options as well.

or you might consider managing other people money.

or even selling your own forex signal (signal provider) or maybe you could teach trading.
Quoting sahamv
What happened on 15th Jan 2015 shows that forex (which is unregulated) is very dangerous. You can lose more than your initial investment.
No regulation in the world will protect you from big and fast movements due to a fatal lack of liquidity or your own stupid and greedy behaviour.
Quoting JensG
{quote} No regulation in the world will protect you from big and fast movements due to a fatal lack of liquidity or your own stupid and greedy behaviour.
At least it will help you to return your deposit if broker goes bust. It's hard to expect that from bucketshop
Quoting leebsurag
{quote} At least it will help you to return your deposit if broker goes bust. It's hard to expect that from bucketshop
I was talking about the market, not the broker or the betting parlors you guys call broker! Very big difference.
And make sure to check the regulations of each broker that you're about to choose to invest your money in.
Quoting JensG
{quote} No regulation in the world will protect you from big and fast movements due to a fatal lack of liquidity or your own stupid and greedy behaviour.
Don't be a Jerk. Be Respectful with your words, avoid offensive words.
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