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  • #41
  • Jul 22, 2017 3:54pm Jul 22, 2017 3:54pm
Quoting Rhevl
I've learned that the vast majority of what's considered common knowledge or fundamental to Forex trading is complete nonsense and anti-productive to actually making money. Trading systems based around indicators are nonsense. Candlestick "patterns" are nonsense. Technical analysis, as it's marketed to modern Forex traders, in general is bullshit and is the Forex equivalent of reading tarot cards or using holy water. And don't even get me started on this "2% risk" horseshit. If you're only risking 2% per trade, you'd better have a giant account,...
I agree with the first part. But I don't think the 2% risk horseshit. It really depends on the strategy.

I think there is a lot of interesting idea on FF, and some of them may even work, but some scepticism doesnt hurt.
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #42
  • Jul 22, 2017 7:42pm Jul 22, 2017 7:42pm
I have learned (not "learnt") that poor spelling irritates me more than I thought it would. One day, while walking in a field somewhere, I fully expect to come across a whole load of this loose money that everyone keeps talking about. That will be a happy day for sure.

I've also learned that many traders, as soon as they realise just how difficult making consistent profit actually is, choose to squirrel around trying to find a worthless EA that will do the work for them, rather than put in the actual work of actually learning to trade.

Or better yet, start threads like "Hello I am newbie and I loose all my monie. Will someone please explain how I make much monie for Ferrari in just two weeks? If they would that be great thanks. I can't learn because my time will waste."

It's no wonder they loose all their money that way!
  • #43
  • Jul 22, 2017 8:19pm Jul 22, 2017 8:19pm
I've learned that the only way to make money is to wait for traders to get blown out on a huge move. When they're out of money "closing their trades for massive loss", start going the other way. Most traders have an uncanny way of hanging on until the very end.
  • #44
  • Jul 22, 2017 8:30pm Jul 22, 2017 8:30pm
Quoting Forex-Jedi
I have learned (not "learnt") that poor spelling irritates me more than I thought it would.
You should use a translator :-)

Attached Image (click to enlarge)
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"Hello I am newbie and I loose all my monie" - Hello my name is Ramses and my felucca has a leak

"Will someone please explain how I make much monie for Ferrari in just two weeks?" - I have been looking for some resin to plug it for the last two weeks

"If they would that be great thanks. I can't learn because my time will waste." - My boat is sinking fast so if some boat builder can assist me in my enquiry that would be great.
  • #45
  • Jul 22, 2017 9:35pm Jul 22, 2017 9:35pm
Quoting Forex-Jedi
I have learned (not "learnt") that poor spelling irritates me more than I thought it would. One day, while walking in a field somewhere, I fully expect to come across a whole load of this loose money that everyone keeps talking about. That will be a happy day for sure. I've also learned that many traders, as soon as they realise just how difficult making consistent profit actually is, choose to squirrel around trying to find a worthless EA that will do the work for them, rather than put in the actual work of actually learning to trade. Or better...
That's what I've learned that ff is a fun place that provides great entertainment especially the occasional altercation.
  • #46
  • Jul 23, 2017 7:56am Jul 23, 2017 7:56am
Quoting Forex-Jedi
I have learned (not "learnt") that poor spelling irritates me more than I thought it would.

Maybe you didn't know, but it's only in the US that "learned" is correct: throughout the rest of the English-speaking world, "learnt" is the form normally used.

I appreciate that Americans are apparently sometimes unaware that there is a whole, other, English-speaking world out there, but maybe in such an international forum as this you shouldn't be quite so quick to dismiss anything with which you're unfamiliar as "incorrect"? Especially when you're mistaken.
  • #47
  • Jul 23, 2017 9:08am Jul 23, 2017 9:08am
Quoting Quickly
{quote} Maybe you didn't know, but it's only in the US that "learned" is correct: throughout the rest of the English-speaking world, "learnt" is the form normally used. I appreciate that Americans are apparently sometimes unaware that there is a whole, other, English-speaking world out there, but maybe in such an international forum as this you shouldn't be quite so quick to dismiss anything with which you're unfamiliar as "incorrect"? Especially when you're mistaken.
Maybe you didn't know, but I am English, not American, and here in Britain (which, as far as I am aware is still part of the 'English speaking world'), only morons use words like "learnt", and it most certainly is not 'the form normally used'.

Maybe you shouldn't be so quick to make lazy assumptions about people being American and then go on to make disparaging comments about an entire country, especially when you're mistaken.
  • #48
  • Jul 23, 2017 9:12am Jul 23, 2017 9:12am
Quoting Forex-Jedi
{quote} ... only morons use words like "learnt".
https://en.oxforddictionaries.com/usage/learnt-vs-learned

Quote
Both are acceptable, but learned is often used in both British English and American English, while learnt is much more common in British English than in American English.
MT4/MT5 EAs/Indicators/Alerts coder
  • #49
  • Jul 23, 2017 10:02am Jul 23, 2017 10:02am
Quoting FerruFx
{quote} https://en.oxforddictionaries.com/usage/learnt-vs-learned {quote}
Oops, looks like someone didn't finish their high school in Britain....
Just kidding.
  • #50
  • Jul 24, 2017 1:55am Jul 24, 2017 1:55am
Quoting Forex-Jedi
It's no wonder they loose all their money that way!
If someone can't differentiate between lose and loose, what right does he has to criticise others? What a joke, a failed grammar nazi.
  • #51
  • Jul 24, 2017 2:19am Jul 24, 2017 2:19am
- Online forums are useless for traders.

I mainly come here for the economic calendar. But now i rarely pay attention the news, except for major events like FOMC, nfp..
  • #52
  • Jul 24, 2017 3:42am Jul 24, 2017 3:42am
That anyone that can run MetaTrader and fund thousand bucks to his account ends up acting like he's next Tony Montana.
  • #53
  • Edited 5:12am Jul 24, 2017 3:49am | Edited 5:12am
don't ever listen anybody. those morons who talk about making money with fixed risk per trade (yet they put less than 50k into their accounts), are going to blow their accounts faster than me, that I trade for fun with $200 and I use no sl and martingale. except that I made money this way.
keep calling us idiots. lol
you have no idea what "maximizing returns" means.
  • #54
  • Aug 4, 2017 12:00am Aug 4, 2017 12:00am
i don't learn anything..maybe i'm too stupid but i've got more friends..
too much reading can make me confused. about trading i'm just do it not too much theory
  • #55
  • Aug 4, 2017 12:18am Aug 4, 2017 12:18am
Quoting Mr.yen
i don't learn anything..maybe i'm too stupid but i've got more friends.. too much reading can make me confused. about trading i'm just do it not too much theory
Trading the markets can make anyone including PhDs, noble prize winners and professors look stupid. The more fixed, the more rigid, the more opinionated your thinking is, the more the market will blow up your account.

change your thinking, change your life.
You came here for the truth and let me unveil it for you
  • #56
  • Aug 4, 2017 12:20am Aug 4, 2017 12:20am
Yes, there is a lot of theory and very little science in the forum. Almost nobody speaks about research, but there are years of tick, news and other data on the net for free. But very few people cares. Only theory, theory, theory, no research. Maybe that is too tiring.
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #57
  • Edited 12:43am Aug 4, 2017 12:31am | Edited 12:43am
Quoting RondaRousey
{quote} Trading the markets can make anyone including PhDs, noble prize winners and professors look stupid. The more fixed, the more rigid, the more opinionated your thinking is, the more the market will blow up your account. change your thinking, change your life.
YOU RIGHT....i'm 5 years trading, loss money, read some book, everything....
Finally I know something .. not fibonaci, EA etc etc that can make profit .. but from the mindset of each trader ..
No matter how many theories have been learned, the teacher is as good as anything, but if you have no experience ...
you'll be burn...Trading psychology is based on experience,Not enough just to read a book...
Now that is in my mind .. not what car you drive, but who the driver

Thank you for caring .. you are a good people
  • #58
  • Aug 4, 2017 1:52am Aug 4, 2017 1:52am
Quoting RondaRousey
{quote} Trading the markets can make anyone including PhDs, noble prize winners and professors look stupid. The more fixed, the more rigid, the more opinionated your thinking is, the more the market will blow up your account. change your thinking, change your life.
Not everyday I agree with you but you are right this time. This is what I thought every time I saw you posting. God bless you, mate.
  • #59
  • Aug 4, 2017 8:37am Aug 4, 2017 8:37am
-That Forex factory is a wealth of knowledge that has many great books in PDF form, not just threads. If I were any of you, I would search for Lance beggs price action trader pdf on here. It's by and far the best trading material I have ever read.
-That FF has many people who just want a quick way to wealth without putting in the work or even reading the whole thread! Lol. They just want a signal, mindless profit like a bum on the street asking for your money and he will easily make more than these guys.
-There are a lot of good people on this website but be careful who you follow.
Gentlemen always play by the rules, if they can't, they change them.
  • #60
  • Aug 4, 2017 9:06am Aug 4, 2017 9:06am
1) Unless you have a clearly defined, demonstrable, robust edge proven over a significant number trades, you might as well be going long or short randomly.

2) Your exit strategy is the only thing that truly counts.

3) Money management won't help you out if your trading system is inherently flawed.

4) You're gonna lose trades. Get comfortable with that now and do not agonize over "eliminating losses".

5) Learning how to program in MQ4 or (even better if you have access to tick data) in some .Net language and writing your own logic to test trading ideas will only help you grow as a trader.

6) Price action at horizontal and trendline S/R levels is significant.

7) Confluence is extraordinarily significant.

8) Time, price action, and volume are massively important and all interdependent. If you consider one without the others, you are operating with a handicap.

9) 99.999% of the squiggly lines on your chart are effectively junk data. Delete them.

10) Even after you've spent so much time waiting for the perfect entry, the market does what it wants and couldn't care less about your analysis.
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