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Forex terms that should no longer be used - Add yours here!

  • #1
  • First Post: Mar 11, 2018 10:54am Mar 11, 2018 10:54am
Good day all,
As i gear my self for week 3 of trading i took the time to read many post from members within this community. This thread is created to point out the terms which should no longer be used because they don't apply to dynamics of how this system works.
The only rule of this thread is to add the term/word which you believe should no longer be used and explain the reason as to why.

The term i utterly dislike is "OverTrading".

The term seems to be used alot by people whom believe they have a strong grasp of the market when in reality they are as green as the grass in Ireland. Everything in life as a, "counter" so if you believe Overtrading exsist then simply define what undertrading is. A thread by DaviT on pivot trading has that word plastered every where but it is easy to see that he uses the term because people trade More than he does. I guess the trading world revolves around him and his pick a pivot price and pray strategy.
  • #2
  • Mar 12, 2018 6:44am Mar 12, 2018 6:44am
Optimize your entries.
Like an elephant
  • #3
  • Mar 12, 2018 6:59am Mar 12, 2018 6:59am
Overbought! If you believe in this word in a strong trend or in unpredictable market conditions you would sooner than later doom your trading capital.

KP
Do your homework, follow the footprints of smart money
  • #4
  • Mar 12, 2018 7:36am Mar 12, 2018 7:36am
scalping
Trouble lies in what we believe to know for sure that just ain't so.
  • #5
  • Mar 12, 2018 7:56am Mar 12, 2018 7:56am
Hmm, let me think... Oh yes, HOLY GRAIL !
  • #6
  • Mar 12, 2018 8:07am Mar 12, 2018 8:07am
Price Action
You cannot be extraordinary by being normal
  • #7
  • Mar 12, 2018 8:13am Mar 12, 2018 8:13am
95% of people here will criticize this, so here it is:
backtesting

Alex
  • #8
  • Mar 12, 2018 8:19am Mar 12, 2018 8:19am
Quoting HabibiForex
A thread by DaviT on pivot trading has that word plastered every where but it is easy to see that he uses the term because people trade More than he does. I guess the trading world revolves around him and his pick a pivot price and pray strategy.
____
Your opening post suggests you change the thread name.
Looks to me like it all about an individual.
L.L.L.T
  • #9
  • Mar 12, 2018 8:22am Mar 12, 2018 8:22am
Forexbility.
L.L.L.T
  • #10
  • Mar 12, 2018 8:26am Mar 12, 2018 8:26am
alexx backtesting is the only thing that is important! We all know that past performance are equal to the future performance!
Like an elephant
  • #11
  • Mar 12, 2018 8:27am Mar 12, 2018 8:27am
Trend!
  • #12
  • Mar 12, 2018 8:31am Mar 12, 2018 8:31am
Technical Analyze because its overrated
Was slipping off the edge but i held up.
  • #13
  • Mar 12, 2018 8:39am Mar 12, 2018 8:39am
consistency.. one should really trade because he/she likes it, not as a primary source of income.

you put there some money you can afford to lose and if it works great, if it doesn't.. amen.
  • #14
  • Mar 12, 2018 8:54am Mar 12, 2018 8:54am
Crystal Ball
  • #15
  • Mar 12, 2018 9:31am Mar 12, 2018 9:31am
Marigin call ☺
Stop loss
On my way to financial independence - if others can do it - I can do it
  • #16
  • Mar 12, 2018 9:33am Mar 12, 2018 9:33am
Oh Fuck!!
  • #17
  • Mar 12, 2018 11:05am Mar 12, 2018 11:05am
hedging
Risiko birgt immer auch die Chance.
  • #18
  • Mar 12, 2018 11:55am Mar 12, 2018 11:55am
Quoting HabibiForex
Good day all, As i gear my self for week 3 of trading i took the time to read many post from members within this community. This thread is created to point out the terms which should no longer be used because they don't apply to dynamics of how this system works. The only rule of this thread is to add the term/word which you believe should no longer be used and explain the reason as to why. The term i utterly dislike is "OverTrading". The term seems to be used alot by people whom believe they have a strong grasp of the market when in reality they...
I definitely agree with you on this. I was guilty of this. The psychology behind this is shifting blame from the self, and placing the burden of failure elsewhere. Like you said, having "a strong grasp" would imply that the trades taken are valid to the system/edge and would be beneficial to the trader.
  • #19
  • Edited 4:45pm Mar 12, 2018 12:48pm | Edited 4:45pm
Quoting HabibiForex
A thread by DaviT on pivot trading has that word plastered every where but it is easy to see that he uses the term because people trade More than he does. I guess the trading world revolves around him and his pick a pivot price and pray strategy.
You sound butthurt because he banned you from his thread. ( https://www.forexfactory.com/showthread.php?p=10791418#post10791418 )

Overtrading simply means lack of patience in waiting for the particular setup that that system is based on. Undertrading would be missing the particular setups. It's not rocket science is it?
  • #20
  • Mar 12, 2018 1:10pm Mar 12, 2018 1:10pm
Quoting MrBumpFx
{quote} You sound butthurt because he banned you from his thread for asking very dumb questions. ( https://www.forexfactory.com/showthread.php?p=10791418#post10791418 ) Overtrading simply means lack of patience in waiting for the particular setup that that system is based on. Undertrading would be missing the particular setups. It's not rocket science is it?
That's definitely what it is. I think what HabibiForex means, is the misuse of the term. As per him getting banned from another thread lol. I don't know anything about that. I'm approaching this thread without knowledge of that incident or that thread.
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