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The Secret to Success and profitable trading - What is it?

  • #21
  • Aug 21, 2019 6:09am Aug 21, 2019 6:09am
Quoting directxxx
{quote} Get well soon cobber.
thanks mate
people leave, but this thread will go on for ever
  • #22
  • Aug 21, 2019 6:16am Aug 21, 2019 6:16am
Quoting KeenPips
How you define success is important. It does not at all times boil down to how much you make imho. You need to take into consideration the traders' level in the business. A beginner trader who is hyped by sweet-talking salesmen promising a state of the art car will have a big problem unless he/she does a rethink. Yet for a level-headed beginner who takes time to understand the Forex trading business, such a person would know that the foundation of long-term success is to minimize losses and to have enough capital to trade while learning. Surviving...
I am beginning to think that this thread name should be changed to Noobie Noobie.... There are currently 42 trader viewing this thread and nothing constructive has been said by the OP. Why open a thread today if you are going to an event. I suggest there would be at least 40 of the viewers looking for a direction (noobies) and the OP is not here to elucidate on his thread premise. This should be moved to ROOKIE TALK forum until OP has his material together... Sorry Daniel
  • #23
  • Aug 21, 2019 6:16am Aug 21, 2019 6:16am
Quoting Aussi
well done mate , will post when i get a little better
God bless you
Good wishes
  • #24
  • Aug 21, 2019 6:24am Aug 21, 2019 6:24am
Quoting AbbasRizvi
{quote} God bless you Good wishes
thank you and very kind of you
people leave, but this thread will go on for ever
  • #25
  • Aug 21, 2019 6:30am Aug 21, 2019 6:30am
Quoting xtradex
{quote} Thats factually incorrect. I know people who never played around with demo accounts and are now trading for living and even for others. Just because you did it, doesnt mean its a fact.
This is your opinion. But when 90% of people fail in trading which is 1 in 10.

If everyone used a real account 9 people would lose money. So the fact is a demo account is best until profitable otherwise you may as well go to the casino
  • #26
  • Aug 21, 2019 6:33am Aug 21, 2019 6:33am
Quoting directxxx
{quote} I am beginning to think that this thread name should be changed to Noobie Noobie.... There are currently 42 trader viewing this thread and nothing constructive has been said by the OP. Why open a thread today if you are going to an event. I suggest there would be at least 40 of the viewers looking for a direction (noobies) and the OP is not here to elucidate on his thread premise. This should be moved to ROOKIE TALK forum until OP has his material together... Sorry Daniel
Again your opinion. The tread will evolve but if you don’t want to be here then don’t. A thread develops over time so I dont feel like your comments are constructive at all.
  • #27
  • Aug 21, 2019 6:37am Aug 21, 2019 6:37am
Quoting directxxx
OK let me start the ball rolling. The secret to success and profitability is..... drumroll.... There is NO secret to success and profitability. It is simply a process. If you are not yet successful and profitable but want to be, then understand that you will need to prioritise your thinking, You will almost need to become obsessive. Become a hermit until you understand the way in which the market moves. Until you have done that you will have NO CHANCE. Allocate time at the exclusion of all else. Remember, if you practice something of 10,000 hours...
I don’t know you but you seem to be very critical of others as now I can see why so many people don’t bother helping others.

Yes there are secrets it’s called an edge.

Exactly my point I am getting at. Which is there is no need for all the indicators. Screentime and price action is key.

But you no way need 10,000 hours to make it I am proof of that. Yes you need to meet the right people be dedicated. But doesn’t everyone in a business.

I also dont don’t agree with just watching and not taking trades.

Take trades in demo. Work out what you did wrong. Perfect what you are doing wrong and find your own way
  • #28
  • Aug 21, 2019 6:41am Aug 21, 2019 6:41am
Quoting Daniel2775
{quote} Again your opinion. The tread will evolve but if you don’t want to be here then don’t. A thread develops over time so I dont feel like your comments are constructive at all.
No need to defend yourself Daniel. I offered some suggestions but you're too busy to respond. I won't waste your time and I sure as hell won't let you waste mine. So I will check out. By the way you have already lost more than half of your audience in the last 15 minutes with your time wasting. Have fun.
  • #29
  • Aug 21, 2019 6:43am Aug 21, 2019 6:43am
Quoting AbbasRizvi
Over the coming months I will post trade examples and many other things while not giving away my full system but allowing people to use there own brains to create an Edge as I have. Along with George Andy as Steve who all have made there own edge. Hi Daniel2775, the above two lines are from your first post, my dear if you are not giving away your full system then what is the use of your thread we are already diving in black waters to find the pearls but not succeeded as yet. If you have any thing, please be generous or if you want cost of the system...
Because this is a thread. To help people. Guide people. I could give my system to people but then people would abuse it.

Finding your own way to view the market and your own edge is key.

What a lot of people lack is the basic understanding of trading.

What is important and what isnt important

you wll be surprised how many traders have been trading a year and don’t have a money management plan. Don’t know what ADR is.

They dont know how to calculate it.

They have no understanding of how to actually compound an account safely and effectively:

its not about bow big you start with.

You can take a £200 account. Risk 1% per pip. Hedge correctly if a trade goes against you. Get an 80% entry win rate and only risk 9% of your account.

And then that. It’s actually very simple. The power of compounding and correct money management is the key in this game.

I am doing this to help people because I have been blessed myself. So this is me giving back to traders
  • #30
  • Aug 21, 2019 6:43am Aug 21, 2019 6:43am
Quoting Daniel2775
{quote} I don’t know you but you seem to be very critical of others as now I can see why so many people don’t bother helping others. Yes there are secrets it’s called an edge. Exactly my point I am getting at. Which is there is no need for all the indicators. Screentime and price action is key. But you no way need 10,000 hours to make it I am proof of that. Yes you need to meet the right people be dedicated. But doesn’t everyone in a business. I also dont don’t agree with just watching and not taking trades. Take trades in demo. Work out what you...
I'm not sure you have any idea what you are talking about Daniel...... If you take demo trades you are so busy trying to make a mythical profit that you do not see what is going on around you, so how can you learn????
  • #31
  • Aug 21, 2019 6:44am Aug 21, 2019 6:44am
Well, Daniel2775..

the problem in almost all discussions here is, that noobs insist and stick to their wrong trading behaviors thinking they are doing the right thing. Trading on Demo is indeed a major if not the most destructive habit of unsuccesful traders/noobs.

You have to understand, that all your results and evaluations done on demo are of NO worth. Truth hurts. By giving you this advise you could save yourseld a lot of the ressource everyone of us can not afford to waste - time.

Of course you can put it as opinion although it is a fact. But in this "business" the one who is making money is always right... I am right!
  • #32
  • Aug 21, 2019 6:44am Aug 21, 2019 6:44am
Quoting directxxx
{quote} No need to defend yourself Daniel. I offered some suggestions but you're too busy to respond. I won't waste your time and I sure as hell won't let you waste mine. So I will check out. By the way you have already lost more than half of your audience in the last 15 minutes with your time wasting. Have fun.
Forex doesn’t need time wasters and clearly you are just looking for someone to share a system. We will leave it there. Yes I am busy trading while travelling. And now trying to see if I can help NEW traders.....
  • #33
  • Aug 21, 2019 6:47am Aug 21, 2019 6:47am
What I can tell you all. Is I will help a few of you that want to stick around. Play the market at there own game as I do.

I get in and out quickly. I trade in baskets.

And every day is a winning day because of this reason.

Like I said I will call out some live end of day trades.

But 90% of the time I scalp the market and don’t hold trades more than 24 hours.

Every day is learning. And to except that you can never know it all. Allows you to become a better person and trader
  • #34
  • Aug 21, 2019 6:49am Aug 21, 2019 6:49am
Quoting Daniel2775
{quote} Forex doesn’t need time wasters and clearly you are just looking for someone to share a system. We will leave it there. Yes I am busy trading while travelling. And now trying to see if I can help NEW traders.....
Just so we understand each other. I started trading stocks 15 years ago. I am profitable. I have doubled a small account that I opened just over a week ago for my wife so she could understand better what I do with all my time..... How are you doing..... What you have suggested so far is about rearranging deckchairs on the titanic. I should have been gone but just wanted to respond to your comments.
  • #35
  • Aug 21, 2019 6:49am Aug 21, 2019 6:49am
Quoting directxxx
{quote} I'm not sure you have any idea what you are talking about Daniel...... If you take demo trades you are so busy trying to make a mythical profit that you do not see what is going on around you, so how can you learn????
Well that’s very silly advice for anyone new. Why would you risk real money.

Your mindset isnt right right so I don’t think you belong here as you are a part of the issue to why new traders lose there homes and 20k 30k 40k.

Any good successful trader will tell you start in demo. Treat demo as a real account.

It seems you are the one that has no idea which is why you are still searching
  • #36
  • Aug 21, 2019 6:52am Aug 21, 2019 6:52am
Quoting Drolph
Well, Daniel2775.. the problem in almost all discussions here is, that noobs insist and stick to their wrong trading behaviors thinking they are doing the right thing. Trading on Demo is indeed a major if not the most destructive habit of unsuccesful traders/noobs. You have to understand, that all your results and evaluations done on demo are of NO worth. Truth hurts. By giving you this advise you could save yourseld a lot of the ressource everyone of us can not afford to waste - time. Of course you can put it as opinion although it is a fact. But...

Again this is a choice of yours but when the % losing is so high it’s not surprising that many people want traders to trade real money.

Demo Mo is no different to real and should be treated the same. Once you become profitable in demo. Then move to real.

Again this is is your opinion. There is no right there is no wrong. If people wish to go live and lose a lot of money not having a clue then that’s up to them
  • #37
  • Edited 7:05am Aug 21, 2019 6:54am | Edited 7:05am
Quoting Daniel2775
{quote} Well that’s very silly advice for anyone new. Why would you risk real money. Your mindset isnt right right so I don’t think you belong here as you are a part of the issue to why new traders lose there homes and 20k 30k 40k. Any good successful trader will tell you start in demo. Treat demo as a real account. It seems you are the one that has no idea which is why you are still searching
FFS Daniel. I said DO NOT TRADE.... OBSERVE and try to LEARN. I apologise for hijacking your thread. I am not searching but unlike you I am not on some kind of ego trip. Just get on with it and stop the masturbation.
  • #38
  • Aug 21, 2019 6:56am Aug 21, 2019 6:56am
Quoting directxxx
{quote} Just so we understand each other. I started trading stocks 15 years ago. I am profitable. I have doubled a small account that I opened just over a week ago for my wife so she could understand better what I do with all my time..... How are you doing..... What you have suggested so far is about rearranging deckchairs on the titanic. I should have been gone but just wanted to respond to your comments.
Ok,

I’ll bite. What I have done in 1.5 weeks is taken a £200 account and turned it to £800.

Then from there I have created an ea to trade as I do with a 10-17% DD and 900% gain over an 18 month period.

See below

what i have also done is secured funds funds from investors to trade manually for them.

I now make a good enough living to be able to travel and trade which was my dream.

If I’m honest I’m really not bothered about your ego and will no longer respond to your pointless comments. Maybe find something constructive to do with your time.
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  • #39
  • Aug 21, 2019 6:57am Aug 21, 2019 6:57am
Quoting directxxx
{quote} FFS Daniel. I said DO NOT TRADE.... OBSERVE and try to LEARN. I apologise for hijacking your thread. Just get on with it and stop the masturbation.
  • #40
  • Aug 21, 2019 6:58am Aug 21, 2019 6:58am
Quoting Daniel2775
{quote}
Oh dear. One born every minute.
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