Should I quit trading forex? 211 replies
How many pips or % to quit? 17 replies
Quit Job , go Back to School, Trade Forex? 33 replies
bad position - quit now or wait ? 14 replies
Disliked{quote} Yeah ok... The needlessly long exposition on the 'random system' was so that I could steer the discussion towards the random walk theory which most people cynical about profitable trading tacitly subscribe to. The doom and gloomers tend to fall into two categories: 1. Random walkist - Markets cannot be reliably beaten. 2. Market Predationist - Markets are out to get you.Ignored
DislikedGood trading systems tend to be so simple you could fit their rules on the back of an envelope.Ignored
Disliked{quote} It depends on how vague or detailed your written "rules" are. LOL Most people can read the back of an envelope in a minute or two, but it can take several years to learn how to profit consistently under all market conditions. {image}Ignored
Disliked{quote} My common sense tells me that any strategy that fails to exploit a real market inefficiency is effectively generating random signals. Inverting a random signal generator will only create yet another random signal generator, which will therefore be equally ineffective. If you doubt this, write a simple EA. For example, buy whenever RSI crosses 30 from below, and then hold until it crosses 70 from above, at which point you close and sell. Then hold until RSI crosses 30 from below, close and buy, and so on. Run it over a large enough amount...Ignored
DislikedI have no luck in forex. Initial period I get profit, and few months all profits and capital are gone. I think I am not suitable in forex and will quit all and back to workIgnored
Disliked{quote} "we proved you wrong" what pure unadulterated crap,you've proved nothing."Mingary" is the only realist posting on this thread and you should all take notice of what he is saying.The FX business is populated by charlatans,crooks,BS artists,snake oil sales people and all manner of rogues that prey upon the wannabes that frequent the FF.The never ending posts by the hopefuls who think they will succeed as traders is testament to the gullibility of most people who are attracted to the easy money that trading supposedly offers.To all of you that...Ignored
DislikedOn the other hand, I totally agree with the logic witch says, if you flip shit you won't get gold, you'll get just another shit.Ignored
Disliked{quote} "we proved you wrong" what pure unadulterated crap,you've proved nothing."Mingary" is the only realist posting on this thread and you should all take notice of what he is saying.The FX business is populated by charlatans,crooks,BS artists,snake oil sales people and all manner of rogues that prey upon the wannabes that frequent the FF.The never ending posts by the hopefuls who think they will succeed as traders is testament to the gullibility of most people who are attracted to the easy money that trading supposedly offers.To all of you that...Ignored
Disliked{quote} You are changing your tune again. LOL You started off saying it's not possible to making money in forex, we proved you wrong. And then you changed your tune and said "well millionaire-at-home retail forex trader does not exist and it's not possible to be a millionaire", I gave you concrete examples WITH NAMES of traders who became millionaires trading at home just like us in retail forex. And now you try flaunt some math distribution that you know shit about and say well some are bound to do better than others to try to wiggle out of an...Ignored
Disliked{quote} Indeed! {quote} I think we are saying the same thing, but using different words. Suppose a man is playing roulette in the casino. He bets on red every time, and after a couple of hours playing, he has lost $100. Does this mean that if he bets on black, he will win in the future? No, the casino will always win if he plays for long enough, because it has a genuine 'edge'. In trading, that is what the trader must try to find, an edge that is robust enough to beat transaction costs, over time. And preferably better than that, if he wants...Ignored
Dislikedhttp://www.forexfactory.com/showthread.php?t=496501 The thread is appropriately named. It is utter useless drivel. Instead of chasing forex pipe dreams, it's better to get a real job, one that actually pays the bills.Ignored
Disliked{quote} You have been using the site since 2007, have not made any money trading, and yet still hang out on this website for traders? Hmmm, not sure if your the person i want to be taking any advice from, positive or negative.Ignored
DislikedSome things with the doomers and gloomers i agree with: - EA,s do not make money. - 99% of the stuff on this site is rubbish. - 99% of the systems on this site is dribble and rubbish.Ignored