After trading for about 5 year (with only 1 month of demo and the rest are all live year experience).
I have reach a point where it's easy to win with reasonably good profit.
I will not discuss about my system because If i want to show you my system I would have done so on a "Trading system" section.
However, I will say , I do use heavy indicator and candle pattern to enter and exit market (sometime i exit on a whim like i just gut feeling to exit the trade)
Also most of the time I lose I can recover my loss back relatively quick as 2 week to 5 week time frame. So you can guess what that mean... I have superb Money Management skill. I am not interested giving out my MM strategy to recover loss... But for the newbie who reading this should have pick up and focus on a "Cheating Money Management" method that make you profit even when you make losing trade.
This thread purpose is just to rant and "hidden underlying message for newbie only because the pro will never listen ..they already win"
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I "read up on popular method forex factory so SO Many system on forex factory system claim "simple" but it's not. Worse of all it doesn't even win because the thread follower are bunch of newbie just doesn't understand that to win you need a "cheating Money Management" not a "Wining Trading system (note trading system don't win consistently)
I really want to go many ridiculous thread and just totally trash talk but out of respect for the people have feeling (who try to help). I shall only post here hopping many of them never read this post and that only the newbie read this post.
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Path to success in forex:
#1 Create your OWN SYSTEM. (Do not try to copy the system in forex factory , they just don't win . Newbie you have been warn)
#2 Backtest your system for at least 2-4 year of data AND forward test for 1 month on small money before going big leverage.
#3 NEVER give up on the fast rich path because you will definitely be poor pursuing the turtle slow gain path.
#4 You need to create an OUT OF THE BOX Money management Method that make you profit even if your entry lose 80% of the time.
#5 You need to some how incorporate % compound whether small or big I don't care. But you NEED % compound to be rich
------------
That's all
I hope this thread is only read by few people as it certainly wouldn't be good if everyone make money in forex... There need to be LOT of loser in forex for the winner to rake in lot of money.
I am nice but at the same time I am not nice because I still want people to work hard for their money... But some hard work will never pay off like "trying all the system in forex factory it doesn't matter how many of them you try you will never be rich if you don't follow the path above."
The only exception to all this is: IF you were fortunate to born in a rich family then you have enough capital to play the big boy game which is buy and hold never take stoploss.... you will win....
I have reach a point where it's easy to win with reasonably good profit.
I will not discuss about my system because If i want to show you my system I would have done so on a "Trading system" section.
However, I will say , I do use heavy indicator and candle pattern to enter and exit market (sometime i exit on a whim like i just gut feeling to exit the trade)
Also most of the time I lose I can recover my loss back relatively quick as 2 week to 5 week time frame. So you can guess what that mean... I have superb Money Management skill. I am not interested giving out my MM strategy to recover loss... But for the newbie who reading this should have pick up and focus on a "Cheating Money Management" method that make you profit even when you make losing trade.
This thread purpose is just to rant and "hidden underlying message for newbie only because the pro will never listen ..they already win"
--------
I "read up on popular method forex factory so SO Many system on forex factory system claim "simple" but it's not. Worse of all it doesn't even win because the thread follower are bunch of newbie just doesn't understand that to win you need a "cheating Money Management" not a "Wining Trading system (note trading system don't win consistently)
I really want to go many ridiculous thread and just totally trash talk but out of respect for the people have feeling (who try to help). I shall only post here hopping many of them never read this post and that only the newbie read this post.
-------
Path to success in forex:
#1 Create your OWN SYSTEM. (Do not try to copy the system in forex factory , they just don't win . Newbie you have been warn)
#2 Backtest your system for at least 2-4 year of data AND forward test for 1 month on small money before going big leverage.
#3 NEVER give up on the fast rich path because you will definitely be poor pursuing the turtle slow gain path.
#4 You need to create an OUT OF THE BOX Money management Method that make you profit even if your entry lose 80% of the time.
#5 You need to some how incorporate % compound whether small or big I don't care. But you NEED % compound to be rich
------------
That's all
I hope this thread is only read by few people as it certainly wouldn't be good if everyone make money in forex... There need to be LOT of loser in forex for the winner to rake in lot of money.
I am nice but at the same time I am not nice because I still want people to work hard for their money... But some hard work will never pay off like "trying all the system in forex factory it doesn't matter how many of them you try you will never be rich if you don't follow the path above."
The only exception to all this is: IF you were fortunate to born in a rich family then you have enough capital to play the big boy game which is buy and hold never take stoploss.... you will win....