Invincibility lies in the defence; the possibility of victory in the attack
- Joined Dec 2013 | Status: Member | 1,907 Posts
Learn, a forex trader must, unlearn and relearn he will.
Are there actually any profitable traders on Forex Factory? 6 replies
Profitable Scalping for the Retail Trader 135 replies
Most Helpful Threads on Forex Factory 6 replies
Integrated forex factory news results into meta trader 4 2 replies
Who is a "Constantly Profitable Trader"? 23 replies
Disliked{quote} 8 out of 10? where did you get that from the time of the great depression? My country states 1 in 5 will fail, perhaps you need to move?Ignored
Disliked{quote} Haha yeah yeah sure sure, you know a guy who knows a guy. And so they all say..... And you know how it works right? Your got it by the balls! Good for you.Ignored
Disliked{quote} Well, thanks for the correction. Although it says here (http://www.forbes.com/sites/theyec/2.../#4776a21611df) that it is around 80%. Anyway, for what it's worth, if I was making serious money trading, I certainly would not go around proving strangers wrong on the internet nor would brag about the earnings That's just my 2 cents though.Ignored
Disliked{quote} I've been open and honest about what I do and what I know, via my FF journal. I don't know a guy who knows a guy. I'm the guy. And the guys I trade with are other guys. In case it's not clear by now, IMHO, you don't need to know a guy. You need to become your own guy. Take responsibility, work hard, and in a few years, you might become a guy/trader. Good luck to you and good trading everyone!Ignored
Disliked{quote} You cannot put business entrepreneurs and forex traders on an equal footing. Calculated risks and gambling are two different animals. ... nothing in common. Also, the failure rate in normal businesses (that do provide a benefit to society) is much lower than in Retail Forex.Ignored
Disliked{quote} A smart person creates a business to supply something that there is a demand for. So although it can be considered a "Gamble" it is a very calculated one and if done right everything is known up front. Forex on the other hand is a game, one run and controlled by brokers and bankers. Why do you think brokers do fantastic business whilst 98% or more of traders fail? And ask yourself this, if you fail in a business who profits from your failure? Is the money you invest going into someone else s pockets when you fail? Now is Forex more like...Ignored
Disliked{quote} Well, thanks for the correction. Although it says here (http://www.forbes.com/sites/theyec/2.../#4776a21611df) that it is around 80%. Anyway, for what it's worth, if I was making serious money trading, I certainly would not go around proving strangers wrong on the internet nor would brag about the earnings That's just my 2 cents though.Ignored
Disliked{quote} I agree with your point, although I think the retail forex number is probably 85% or slightly less. But the point is this: if everyone who tries to trade the forex also tried to perform brain surgery, they'd likely have the same level of success, or failure, in both. Everyone knows that brain surgery is difficult; apparently, they don't have the same level of respect for trading. From my experience, every successful trader I know: has a combination of advanced degrees in finance or economics; has some work experience in banking, finance,...Ignored
DislikedI've never tried triangular arbitrage, seems pretty complicated, isn't it ?Ignored
Disliked{quote} FACT: If you add up all the customer funds at the beginning of some period and do not include new funds during that period, the total customer funds is reduced by the amount of the transaction cost of the period. Eventually ALL customer accounts become broker revenue. If you are lucky to win. Don't be stupid. Get your money out. And if you lose, don't be stupid. Get your money out. A forex broker that knowx its business is always obscenely profitable.Ignored
Disliked{quote} I agree that it would take an enormous amount of work to develop some sort of successful trading strategy in the forex (without OPM!). Given that so many have tried and many still trying wasting time and loads of cash ... is it really worth the effort ? If the same amount of energy would be applied to running a business like selling hot dogs on a street corner, then that entrepreneur would own millions of hot dog stands all across the universe. In the forex the opportunity cost is so enormous that it does happen that many ruin their lives...Ignored
Disliked{quote} In every reputable profession in the world it takes 2-6 years to graduate with a degree,about 3-5 years of work experience,2 years to get your masters and 1-2 years for your phd before you can be qualified as an expert.when it comes to forex trading people want to rise through the ranks in days,forex trading should be respected just like any other serious profession in the world,traders should allow themselves to go through the learning process,it is a painful process but the rewards are far much better,someone once told me that the roots...Ignored
Disliked{quote} In every reputable profession in the world it takes 2-6 years to graduate with a degree,about 3-5 years of work experience,2 years to get your masters and 1-2 years for your phd before you can be qualified as an expert.when it comes to forex trading people want to rise through the ranks in days,forex trading should be respected just like any other serious profession in the world,traders should allow themselves to go through the learning process,it is a painful process but the rewards are far much better,someone once told me that the roots...Ignored
Disliked{quote} Let's assume that neurosurgery and forex trading are hard too learn. Let's assume that there are people trying to master each "profession" There is no evidence of "the rewards of retail forex." There is plenty of evidence that brain surgeons do existIgnored
Disliked{quote} so in short you mean no one in the world makes money trading forex?if so then i must be very special.Ignored
Disliked{quote} No one makes money long term. Long term being defined as the time that it takes to return all the profits and then some to the market. For most, it's probably about 2 days ...Ignored
Disliked{quote} I agree.....Fundamentally the costs are the same hedging as they are taking a SL......There are 2 trades either way. The Hedge just has a delayed start with bias unknown until one position is closed......In the end the only thing that matters is whether the trader is successful over time or not. How he or she gets there matters not a rats ass.....Ignored