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Why members share strategies?

  • #21
  • Feb 22, 2018 7:40am Feb 22, 2018 7:40am
Quoting jenbols
{quote} Nice one genghistar ,,, and about the red thingy, that some time becomes like a weigh on the shoulder as the // often means losing the privilege of being a newbie and ask the most silly questions ... When wanting to follow a new system in a new thread the Redz gotta make sure to read as much as they can until they grasp the meaning of it, and so avoiding asking questions already being asked_ // also makes people a bit more touchy .. and you're right here...especially if their...
a lot try to fly, only the jen brothers who success,

hhh i bet some guys like that line

well its not like that
  • #22
  • Feb 22, 2018 7:40am Feb 22, 2018 7:40am
Quoting jenbols
{quote} Nice one genghistar ,,, and about the red thingy, that some time becomes like a weigh on the shoulder as the // often means losing the privilege of being a newbie and ask the most silly questions ... When wanting to follow a new system in a new thread the Redz gotta make sure to read as much as they can until they grasp the meaning of it, and so avoiding asking questions already being asked_ // also makes people a bit more touchy .. and you're right here...especially if their...
To anyone wants the Red thing within one day, I suggest do the following :
1- Start a thread in ''Trading Systems'' forum
2- Start in the first line with ''I have been trading this strategy the last 6 months with great success. I have decided to give back to this forum some of what it has taught me. I average between 816 and 2670 pips each month trading 2 hours per day. I will update the strategy with the rules as soon as I have time. Stay tuned''
Don't give up on your dreams. Keep sleeping.
  • #23
  • Feb 22, 2018 7:46am Feb 22, 2018 7:46am
The reason there are 1000.s of free trading systems on this and any other free platform is because in real terms absolutely nothing has been given away.

Every single free system requires 1 element of discretionary input. Descretion being the skill .and for that reason they fail for most that use them.

Any system which does not require this element is sold or the owner has the golden goose and sits counting his golden eggs.

If somebody can prove me wrong and direct me to a system that works and does not require the missing element of discretion I'll gladly pay 100 golden eggs
  • #24
  • Feb 22, 2018 7:47am Feb 22, 2018 7:47am
Quoting Artcool
{quote} To anyone wants the Red thing within one day, I suggest do the following : 1- Start a thread in ''Trading Systems'' forum 2- Start in the first line with ''I have been trading this strategy the last 6 months with great success. I have decided to give back to this forum some of what it has taught me. I average between 816 and 2670 pips each month trading 2 hours per day. I will update the strategy with the rules as soon as I have time. Stay tuned''

its a worldwide thing, not just in ff
laws are weak, we have a devil on every human, so we have a broken laws, sometimes chaos and blood

too bad, this is the real world and i'am not enjoying watching it going this way
  • #25
  • Feb 22, 2018 7:57am Feb 22, 2018 7:57am
Quoting Artcool
{quote} To anyone wants the Red thing within one day, I suggest do the following : 1- Start a thread in ''Trading Systems'' forum 2- Start in the first line with ''I have been trading this strategy the last 6 months with great success. I have decided to give back to this forum some of what it has taught me. I average between 816 and 2670 pips each month trading 2 hours per day. I will update the strategy with the rules as soon as I have time. Stay tuned''
and only posting profit trade and hide the loss
"Hope" is dangerous word in trading, trade what you see not what you hope!
  • #26
  • Feb 22, 2018 8:08am Feb 22, 2018 8:08am
Quoting FerruFx
{quote} You made my day on this one ... and I fully agree!
Eeheh cheers Ferrux.. I know it's hard ..

Quoting Artcool
{quote} To anyone wants the Red thing within one day, I suggest do the following : 1- Start a thread in ''Trading Systems'' forum 2- Start in the first line with ''I have been trading this strategy the last 6 months with great success. I have decided to give back to this forum some of what it has taught me. I average between 816 and 2670 pips each month trading 2 hours per day. I will update the strategy with the rules as soon as I have time. Stay tuned''
Indeed, I've Seen that a lot of times ...
For now i have been painted in red so no need to open a thread... but, but if FF
will propose new higher colors than Red ,, ex: a Gold or Platinum color, then yes i might think
to open that thread .. however if FF sets (my favo-col) the Pink as the highest color.. then I'll definitely do it ;-)
The arriving better than the arrival, the journey has just started
  • #27
  • Feb 22, 2018 8:19am Feb 22, 2018 8:19am
Quoting jenbols
{quote} For now i have been painted in red so no need to open a thread... but, but if FF will propose new higher colors than Red ,, ex: a Gold or Platinum color, then yes i might think to open that thread .. however if FF sets (my favo-col) the Pink as the highest color.. then I'll definitely do it ;-)


The system is not bad after all, because it allows me to subscribe to some people who have some things interesting to say that make me think, or that are just funny and pleasant to read...in other words people who got an interesting personality...But nothing to do with trading.
Don't give up on your dreams. Keep sleeping.
  • #28
  • Feb 22, 2018 8:45am Feb 22, 2018 8:45am
Quoting Artcool
{quote} The system is not bad after all, because it allows me to subscribe to some people who have some things interesting to say that make me think, or that are just funny and pleasant to read...in other words people who got an interesting personality...But nothing to do with trading.
Most important thing is that before posting anything to make sure
threads are taken first ans set up all the interested charts and only after being certainly free to post some stuff in FF
otherwise we spend the day here looking at thread and no money made
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The arriving better than the arrival, the journey has just started
  • #29
  • Feb 22, 2018 8:57am Feb 22, 2018 8:57am
Quoting diceman555
The reason there are 1000.s of free trading systems on this and any other free platform is because in real terms absolutely nothing has been given away. Every single free system requires 1 element of discretionary input. Descretion being the skill .and for that reason they fail for most that use them. Any system which does not require this element is sold or the owner has the golden goose and sits counting his golden eggs. If somebody can prove me wrong and direct me to a system that works and does not require the missing element of discretion I'll...
This ^

I only know one trader who has given away a complete system. The reason is that there is no such thing as an OTB complete system. Things have to be adjusted according to risk tolerance and mental acuity. There will always be a measure of discretion in every system. It is the only way a market can exist. The is no such thing as the perfect trade. Computers would have found it long ago and there would be no algorithm that would take the other side. There is no way to completely eliminate risk in any thing in life. Why people try to do it in finance is beyond me.
If you are good at something, never do it for free--Joker
  • #30
  • Feb 22, 2018 8:57am Feb 22, 2018 8:57am
No one shares a strategy that they are using profitably, they may share part of it, but not the whole thing.

Another point is that there is actually no such thing as a strategy that can be taken off the shelf as it were and used to earn money by someone who is unfamiliar with it or the context within which it is being used.

If a trader is looking for a profitable strategy, it means they do not have one of their own, which means they do not themselves have enough knowledge of the markets to trade profitably on a consistent basis. This being the case, it is unlikely that they are going to be able to borrow someone else's and start making money with it.

Strategies evolve with the trader over time. They cannot be bought/borrowed and used successfully without the prior knowledge of the markets which would have made it unnecessary to look elsewhere for a short-cut to success.

This explains the fundamentals of why so many fail in this business - they want a fast buck and most would be traders are not prepared to invest the time and effort required for success.

Sounds harsh I know, but it is the truth.
  • #31
  • Feb 22, 2018 9:09am Feb 22, 2018 9:09am
Quoting jenbols
{quote} Most important thing is that before posting anything to make sure threads are taken first ans set up all the interested charts and only after being certainly free to post some stuff in FF otherwise we spend the day here looking at thread and no money made {image} {image}
I see...if you want to post something useful in this thread, how about your last quaterly live trade report, or even monthly...? That would be even better than your last trade...
Don't give up on your dreams. Keep sleeping.
  • #32
  • Feb 22, 2018 9:12am Feb 22, 2018 9:12am
As a social scientist I must also add that FX tends to draw a certain type of human.

1. They are usually male.
2. They are looking for people who trade FX full time. This suggests that they lack either the social or professional skills to be in a well paying job that they can thrive at while supporting a family.
3. They tend to be ego driven, hence the incessant arguments about demo accounts and the size of live accounts.
4. They may be bored. goose4 was recently an excellent example of this. I am too, for that matter.

When these mostly young men share a system, it is by definition incomplete. They do not know what is wrong with it. Or, have decided to go to the dark side and begin building a client base to sell services. TAH and Steve Hopwood were two notorious examples of this. Neither of these men were young however. Strat may be one as well, but he as disavowed himself of his vendor ways.

Everything about FX trading at the retail level was written 100 years ago at least. Nothing is new. It is only renamed, repackaged, and resold to the latest 20yr old newbie who is looking for a way around the corporate ladder. But they cannot be happy with being rich at 40. They want to be rich now. This is another reason why traders fail. I type nothing new, I just type it yet again.

Quoting Artcool
{quote} I see...if you want to post something useful in this thread, how about your last quaterly live trade report, or even monthly...? That would be even better than your last trade...
Nope. Even if you did, there would be people who would cry

Photoshop!!
Not audited!!
Tiny account!!

Losing is a state of mind, and winning on your part will never shake a loser out of their state of mind.
If you are good at something, never do it for free--Joker
  • #33
  • Feb 22, 2018 11:27am Feb 22, 2018 11:27am
Quoting Artcool
{quote} I see...if you want to post something useful in this thread, how about your last quaterly live trade report, or even monthly...? That would be even better than your last trade...
Artcool your username should reflect harmony in arts and coolness ...
but as far as i can see you begin provoking people with little tricks and i suspect that mmhh.. never mind_
I don't have quarterly or even monthly ,, i trade when i wake and trade between one lady's haircut and another in my auntie's shop
for me it is fun, but not a silly fun ..
Me becoming rich in forex ? Nahh m8 not for me ... if i don't wake up at 6am every morning and go to work, there won't be food on the table _
Subscribing to people for me means i am interested to the posts of that person so i get notification ..
Take it easy lol don't get serious , such is life .. hope u got the point ..
The arriving better than the arrival, the journey has just started
  • #34
  • Feb 22, 2018 11:31am Feb 22, 2018 11:31am
For me, I have a whatsapp group made up of FF members (you can PM me for the invite link if you want). I like to share ideas/calls/discussions. I'm not 100% right. I doubt I'm even right 80% of the time.

Sharing trade ideas and hearing what the other guy might have to say, well, gives you another opinion to assess for yourself if your original idea is still valid.

There is also another key aspect to my whatsapp group. We accompany each other when the ride gets tough, we encourage each other and all these are important.

So yes, you can call it a support group, but I think it's nice to have buddies who accompany you while you trade.
  • #35
  • Feb 22, 2018 11:39am Feb 22, 2018 11:39am
Quoting jmn5611
Nope. Even if you did, there would be people who would cry Photoshop!! Not audited!! Tiny account!! Losing is a state of mind, and winning on your part will never shake a loser out of their state of mind.
If there is one guy in the whole forum that I am 100% sure he doesn't trade, it is you. For example, anyone who believes and keeps repeating old fashioned axioms like 'Cut your losers short and let winners run'' has no clue about real Forex trading, or maybe wants to mislead other people for some purpose. You keep repeating all the garbage you find in the educational area of the brokers websites. Why?
Don't give up on your dreams. Keep sleeping.
  • #36
  • Feb 22, 2018 11:42am Feb 22, 2018 11:42am
Quoting jenbols
{quote}. if i don't wake up at 6am every morning and go to work, there won't be food on the table

Got it sir, that is fair enough, and it's good to say it.
All the best.
Don't give up on your dreams. Keep sleeping.
  • #37
  • Feb 22, 2018 11:45am Feb 22, 2018 11:45am
and most importantly most of the time you will see that they only shares wining trade results/chart also never share any link of their performance . recently i found one he regularly post couple of hundred pips every day. and his thread almost 2 yrs old. no idea where he keep his money. must be a billionaire like he won every trade.
  • #38
  • Edited 12:52pm Feb 22, 2018 12:40pm | Edited 12:52pm
Quoting whitefox
Hi folks I'm just wondering why youtubers and other members share strategies supposedly profitable. Does it have an impact on supply and demand. I mean if lot of people follow the same strategie . At some point it's not going to work right ? Thanks
Hi white fox
This action is in no way influencing supply and demand. People who can not profit in Forex, They try To deceive people,and this is bad action.
only big financiers and hedge fund managers can with secret techniques to be effective.
Never despair
  • #39
  • Feb 22, 2018 1:23pm Feb 22, 2018 1:23pm
Sharing is entertaining the mind of true scientists / inventors.

In fact science is improved by sharing.

Samething with trading strategies;

I personally trade profitable strategies that were found on the internet forums and books. Over time; profitable strategies stops working; and it is your job to tweak it around to make it work with the changing market condition.

Most users will not have the stamina to trade a strategy profitably over time. similar to opening a profitable restaurant business. Everyone know how to do it; but can they do it?
  • #40
  • Feb 22, 2018 1:30pm Feb 22, 2018 1:30pm
Quoting cat
No one shares a strategy that they are using profitably, they may share part of it, but not the whole thing. Another point is that there is actually no such thing as a strategy that can be taken off the shelf as it were and used to earn money by someone who is unfamiliar with it or the context within which it is being used. If a trader is looking for a profitable strategy, it means they do not have one of their own, which means they do not themselves have enough knowledge of the markets to trade profitably on a consistent basis. This being the case,...
well said.

once a trader become profitable; he/she builds a repertoire of few trading strategies; and tweaking tools.

he can then pick up any trading idea from the internet; and massage it to make it work.

I have personally tried many many strategies from the forums and books; and implement them and tried them on various symbols. Over time; I started learning few tricks of the trade, and improved my trading a lot.
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