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Are trading costs the main reason of losses in trading?

  • #121
  • Aug 8, 2019 1:05am Aug 8, 2019 1:05am
Quoting Mingary
The transaction cost (spread & commission) is tolerable But the worst of the worst is paying swap it's the hidden killer.. On positive swap the broker gives you next to nothing and on negative swaps they really pig out. It makes trading the forex the worst market to trade (in addition to the usual scams) In addition to market risk (chance of consistent result = zero) it absolutely guarantees that you will be paying for your broker's kids college tuition (;
exactly, finally someone who gets it, which is why forex/cfds are for unsuspecting noobs. If someone is really serious about trading they would just trade on an exchange. But that actually requires significant money and the noob’s $100 deposit or whatever worked with a ‘forex’ fake market broker won’t work in real markets
  • #122
  • Aug 8, 2019 1:38am Aug 8, 2019 1:38am
Quoting Mingary
The transaction cost (spread & commission) is tolerable But the worst of the worst is paying swap it's the hidden killer.. On positive swap the broker gives you next to nothing and on negative swaps they really pig out. It makes trading the forex the worst market to trade (in addition to the usual scams) In addition to market risk (chance of consistent result = zero) it absolutely guarantees that you will be paying for your broker's kids college tuition (;
that would be a failure on the traders part for not factoring it into the trading plan.
  • #123
  • Aug 8, 2019 2:51am Aug 8, 2019 2:51am
Quoting tropical_g
{quote} that would be a failure on the traders part for not factoring it into the trading plan.
compare the contango/backwardation in futures with the swaps charged by the fake market brokers. Then you’ll realize how much they’ve been shafting the lazy/poor retail gambler.

But I guess in a losing game, the retail gambler will just lose faster so it doesn’t make a difference at the end of the day
  • #124
  • Aug 8, 2019 5:57am Aug 8, 2019 5:57am
Quoting tropical_g
{quote} that would be a failure on the traders part for not factoring it into the trading plan.
Sometimes, it doesn't depend on traders plan, because broker can increase swaps and this losses hurt the most. the worst scenario is to get a tp in several minutes after swaps charged.
  • #125
  • Aug 8, 2019 6:04am Aug 8, 2019 6:04am
Quoting nim1984
{quote} compare the contango/backwardation in futures with the swaps charged by the fake market brokers. Then you’ll realize how much they’ve been shafting the lazy/poor retail gambler. But I guess in a losing game, the retail gambler will just lose faster so it doesn’t make a difference at the end of the day
The Retail forex world is at best a huge casino for gamblers and at worst, a scam.
  • #126
  • Aug 8, 2019 6:06am Aug 8, 2019 6:06am
Quoting tropical_g
{quote} that would be a failure on the traders part for not factoring it into the trading plan.
A trading plan is useless in retail forex. Inevitably, the player will lose money
  • #127
  • Aug 8, 2019 6:09am Aug 8, 2019 6:09am
Quoting Mingary
{quote} A trading plan is useless in retail forex. Inevitably, the player will lose money
Maybe a player will lose money, but a trader will have a chance at least 50/50.
The most mysterious fact is that any attemps to increase this ratio will affect the chance i both way. sometimes for lose, and sometimes for profit.
  • #128
  • Aug 8, 2019 6:21am Aug 8, 2019 6:21am
Quoting Mingary
{quote} The Retail forex world is at best a huge casino for gamblers and at worst, a scam.

I am reading your posts and I cant understand why you are still commenting on FX? You seem very bitter about it. Wouldnt you be better off doing something else than commenting about something you think is casino and have no chance of making money off it?
  • #129
  • Aug 8, 2019 7:01am Aug 8, 2019 7:01am
Quoting Aussi
{quote} just a couple of points you made , """ i do trade 4 to 5 pip trades live on my thread """" there is many ways to trade forex , i am a professional trader and use every way to make money from my broker short long term it all adds up , next people wanting you to prove something well to bad i say , you do not have to prove jack sht to any one but your self , good luck with your trading and keep the left hook sharp
I take copious notes every trading day, of every trade I've made, for over 15 years. For every trade, I note why I made the trade, what my expectations were, how the trade developed, how I was feeling at various times, how I reacted, and how the trade ended. It's a comprehensive account of my trading. I put some of that in my journal to pass along my experiences to others who were curious or in need of a little help. The idea that I must provide a TE on the 8 accounts I trade to summarize the detailed records that I keep is, in a word, unmitigated bullshit. I'm glad you agree. And I note your comments on your trading experience. When you traded for 4 or 5, did you just end up with 4 or 5, or were you aiming for more and just settled for less? Good trading!
  • #130
  • Aug 8, 2019 7:02am Aug 8, 2019 7:02am
Quoting komposter
{quote} Clearly you're very cool trader without live account. And all your posts in this topic are about nothing. I give you the stats, but you return only unparliamentary language and stupid pictures contest. I'm off.
Clearly, you remain an idiot. My offer to compare trades remains. For me, it will be trading. But for you, it's just pictures you dont understand. Good trading!
  • #131
  • Aug 8, 2019 7:45am Aug 8, 2019 7:45am
Quoting GEfx
{quote} I take copious notes every trading day, of every trade I've made, for over 15 years. For every trade, I note why I made the trade, what my expectations were, how the trade developed, how I was feeling at various times, how I reacted, and how the trade ended. It's a comprehensive account of my trading. I put some of that in my journal to pass along my experiences to others who were curious or in need of a little help. The idea that I must provide a TE on the 8 accounts I trade to summarize the detailed records that I keep is, in a word, unmitigated...
hi mate i was looking to make profit on a 15 min candle and as you know it can change direction from my trade i get out of the trade taking the profit i have , its playing a game i know that sounds silly but i like doing it , the aim is to do a lot of trades and not lose a trade . best way to check me out is visit my page
Your dedication to your trading stands you well armed for trading , i was a lazy trader and did not do it , KINDEST REGARDS FROM DAVE
people leave, but this thread will go on for ever
  • #132
  • Aug 8, 2019 7:50am Aug 8, 2019 7:50am
Quoting GEfx
{quote} I take copious notes every trading day, of every trade I've made, for over 15 years. For every trade, I note why I made the trade, what my expectations were, how the trade developed, how I was feeling at various times, how I reacted, and how the trade ended. It's a comprehensive account of my trading. I put some of that in my journal to pass along my experiences to others who were curious or in need of a little help. The idea that I must provide a TE on the 8 accounts I trade to summarize the detailed records that I keep is, in a word, unmitigated...
Good to journal and keep awareness on what's happening at all times.
  • #133
  • Aug 8, 2019 8:29am Aug 8, 2019 8:29am
Quoting Mingary
{quote} A trading plan is useless in retail forex. Inevitably, the player will lose money
any successful trader knows a trading plan is their key to success. without it you throwing a dice.
  • #134
  • Aug 8, 2019 12:16pm Aug 8, 2019 12:16pm
Quoting xtradex
{quote} I am reading your posts and I cant understand why you are still commenting on FX? You seem very bitter about it. Wouldnt you be better off doing something else than commenting about something you think is casino and have no chance of making money off it?
Because it gives me great satisfaction!
Like the majority who chose retail forex I have deep seated masochistic tendencies with an unconscious drive to financial suicide rendering me in a constant state of unhappiness and despair.

I mean, really, what is your reason for placing a trade ?

  • #135
  • Aug 8, 2019 12:19pm Aug 8, 2019 12:19pm
Quoting tropical_g
{quote} any successful trader knows a trading plan is their key to success. without it you throwing a dice.
For every trading plan there is a trading account that crashed to zero.
This is certainly 1 example in which correlation is causation.
  • #136
  • Aug 8, 2019 12:22pm Aug 8, 2019 12:22pm
Quoting Mingary
{quote} For every trading plan there is a trading account that crashed to zero. This is certainly 1 example in which correlation is causation.
whenever someone generalises like you have they aught to have evidence backing their claims else its just personal opinion and by the sounds of things, a failed trader.
  • #137
  • Aug 8, 2019 12:28pm Aug 8, 2019 12:28pm
Quoting tropical_g
{quote} whenever someone generalises like you have they aught to have evidence backing their claims else its just personal opinion and by the sounds of things, a failed trader.

I see. So this is not a generalization and your personal opinion ? Are you sure about that ?

Quoting tropical_g
{quote} any successful trader knows a trading plan is their key to success. without it you throwing a dice.

I mean, you would not be parroting this out, because "everybody says" ? hmmmm
  • #138
  • Aug 8, 2019 12:39pm Aug 8, 2019 12:39pm
Quoting Mingary
{quote} I see. So this is not a generalization and your personal opinion ? Are you sure about that ? Quoting tropical_g {quote} any successful trader knows a trading plan is their key to success. without it you throwing a dice. I mean, you would not be parroting this out, because "everybody says" ? hmmmm
I know a lot of successful traders and everyone has one thing in common, can you guess what that is.
  • #139
  • Aug 8, 2019 1:09pm Aug 8, 2019 1:09pm
Quoting tropical_g
{quote} I know a lot of successful traders and everyone has one thing in common, can you guess what that is.
ok, I can work with that.

Breaking this down per retail forex participants statistics

1) " I know a lot of successful traders "
I can safely assume that you don't know a lot of (many) successful retail forex traders.

2) "everyone has one thing in common, can you guess what that is?"
Indeed, I can guess. I can safely assume that "everyone"'s retail forex trading record is "half lived half lied" at best and not doing too well even in the best of times.

Them are some of the facts ...
  • #140
  • Aug 8, 2019 1:11pm Aug 8, 2019 1:11pm
Quoting Mingary
{quote} ok, I can work with that. Breaking this down per retail forex participants statistics 1) " I know a lot of successful traders " I can safely assume that you don't know a lot of (many) successful retail forex traders. 2) "everyone has one thing in common, can you guess what that is?" Indeed, I can guess. I can safely assume that "everyone"'s retail forex trading record is "half lived half lied" at best and not doing too well even in the best of times. Them are some of the facts ...
whatever bs you are talking please keep it to yourself. I have been trading since 2005 and have seen your kind come and go like flies on the wind. assumption won't get you anywhere it will only make you look like a fool
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