Forex - A negative sum game for losers

If you dislike retail forex so much, why not move to another instrument? Options trading can be started with less money than outright stocks, and is a bit more regulated than currencies. Futures can be cheap, also.

Stressing over something like trying to prove to everyone that forex trading will not be profitable in the long run really can't be good for your health. Pass the torch to someone else so you don't stroke out. (I really am serious, stress does affect you physically. If you don't believe me, try being an EMT in a big city for a few years!!)...

Nevermind, after reading the whole thread you have just gone off the deep end. Have you ever thought to understand how sovereign debt and the economy actually works? Or are you just too stupid to have realized there is more to this game called forex than technical and fundamental analysis? There is a political game which is played, and only those who get it can profit long term. This requires constantly being "updated" on geopolitics, and is literally how politicians live their lives. They play this game with debt and currency to profit from laborers. You think people shouldn't fight them by any means necessary for this exploitation which has gone on for millenia and go back to the grind of 9-5 wasting their lives on consumerism and being slaves to those who tax them endlessly? Grow up, you are a sore loser and your ego was shattered long ago. Forex isn't for everyone, in fact it might not even be for me, but I will try until I am sure I am not capable. But I have yet to meet something I could not master, the human mind is quite powerful at understanding others' behaviors, and yours is utterly pathetic.

Hi Whip,

if somebody could/would front run Trump's twitter feed I think it would be a valuable edge. Part of it is non public insider information. Not all the tweets, but some are substantial. Even if the market impact is visible just for a few minutes, that's enough to make tons of money. I always wondered why this isn't a bigger topic in the media so far... it went so far that Elon probably thought he could do it too without any consequences.

If you are POTUS you certainly do have the power to influence or even take on your own decisions that have a real, direct impact on the economy, on trade, on commodities, on currencies or on the stock market. There are countless examples where assets reacted to Trump tweets, enough to trade on it. If he makes even very specific threaths against individual companies or impose tarifs that clearly benefit some industries and hurt others, every sane person would probably agree that you could do insider trading based on it. I think the only way to make sure this doesn't happen is to put a president in charge that is 100 percent trustworthy and puts his personal interest behind the interest of the country.

So yes, political insider knowledge (illegal based on nun public information or legal through research and evaluation of public information) in a very broad sense and not limited to a president, is a valuable information edge some market participants use on a regular basis. In transparent democracies, where decisions and legislation is distributed over many heads and a continous, transparent process, the information edge of an indiviuum and the potential for insider trading is probably smaller. In states where you have very powerful president, a dicator or a very small circle of people that take cricitcal decisions there is certainly a huge potential for an information edge. This goes down to the community level, where per example decisions can have impacts on real estate or local companies. The question is how regualtors in these countries put information policies in place and enforce clear rules on how relevant information should be disclosed.

I don't know if there are any rules that apply for Trump when he goes on Twitter. There are probably a lot of people in the financial industry looking for ways to make Trump tweet in favour of their current books or getting access to his opinion before he tweets it out.

Learn it the hard way - you deserve it.

Have been noticing this topic for quite some time now.. it is at the top often.. So decided to make a quick stop...
Some of you started from the wrong assumption (that (all) people are in this game TO WIN)...

You can find similar examples everywhere... casino, poker, business or at finding partner
Some people just love to lose, or are there/here for a dream, fantasy... And why not? Perfectly OK!
There are those who "have the formula" but are "unable" to execute it due to personality issues and/or ego-trips, stubbornness, chasing "something", whatever.. see thread below...
Better to channel it (EPIC SCENE btw, very deep!!!) here than somewhere else... Aren't we all dreamers in one/many area(s) or another?
Keeps us going/coping with reality?

Many people are very well aware of the chances (slim to none) to hitting a win... continuously...
Just watch any serious profession, a million things could go wrong if we break it down to chances...
But the award is still worth the try/risk, right? Even more so.

I highly recommend you read this, the thread I opened (just for this) in which I am trying to explain the situation.
At least watch THIS CLIP (mentioned in above thread also) and I gave you the EXACT time in the link (feel free to watch the rest also, or the whole movie...

ALSO, sometimes, not often, just sometimes.. there is/comes a trader (with the real deal) that beats all odds (either "big players" do anything or not).. but most probably we won't hear about him... Because, should one be basically printing money with his skill/knowledge... why publish it? If anyone would be able to double money per week... he would have problem HIDING the skill (because he could make millions out of thin air basically)... It would be too much for people to handle... just check some of the trolls, pissing on real (or at least remote) winners... and praising the false ones...

Not all participants are in this game to win.....some love to lose - they win by losing.

...the old Mr. Ed quote....I disagree.... looks more like an excuse to justify ones own role in this scheme over several decades...finally ending as a trading coach like many other wizards if they didn't managed to switch into trading other peoples money.

How many did he motivate to start trading and how many ended in misery? 98/100 +/-2 ..... probably a number that comes very close to reality.

Is there a research paper out there that lists hard evidence that a forex coach is able to teach somebody to become profitable in 2018 / 2019, if you speculate on nothing else than price and public information? If there is one I would be interested to go trough it and learn something.

To your movie quotes...... at a certain point overconsumption of movies and to much retail forex trading may blur the lines between fiction and reality. The forex industry is telling the same lie 10000 times over hundreds of channels till a certain percentage believes it. The marketing works, propaganda works, no doubt - they lure in new victims at a breath taking speed. It's easy, because people want to believe they can earn money by retail forex speculation..... so they are getting hooked with little efforts.

Some of your movies show how you can exploit people and trick them into losing. A lot of aspiring traders actually think it's cool to rip somebody off. They are impressed by movie characters like Gordon Gekko, or Vin Diesel and Ben Affleck in Boiler room. Ever imagined that there are people out there that do think it's not ok to do this, even if they could? I think these characters are the biggest assholes possible....

Are you working in a fake news outlet in Slovenia, Monte Negro, Kroatia? It is a lucrative business nowadays. If so, forex brokers must be one of the best customers.......

"Thank you for sharing your process."

HudithePfupf, you maybe misunderstood my message, read it again many times, if needed... The main idea is that... (btw I believe we are on the same page, you just don't seem to notice...). Movie clips are (depending how you combine, what to show) an excellent teaching tool, because some clips are very good to show something.. similar as legos are used to explain some of the hardest laws in nature.. using child tools doesn't make the topic presented with them... childish also..

But the main think I am trying to explain here, if you cared to notice, didn't want to be so direct... I am not talking about the brokers or the whole industry... trying to sell people anything... But the users side...

I agree about coaches but also... some people know how to do it.. just can't do it themselves... Or... they know how, but can not know how to teach others.
You understand? Although I think we might be closer here, I also do not believe in coaches being profitable themselves (longterm), mostly, I have been also explaining this in also threads

If you check the gurus... they give so much fake everything.. and people still LOVE to follow... Why? You tell me? Some people post almost definite statements
"do not miss the bull party tomorrow..." or like "the ones that didn't catch... join the bull party tomorrow, shark says so" and the next day price collapses beyond belief... and guess if people follow(ed) the advice? They would or did... BLOW accounts... And what happens? NOTHING... People still follow, more and more.. Do they do not want to see? Because posts are usually there to see in retrospect.. Doesn't anyone even check? I reply to most of my posts, to see some track record.
Unlike TEs that could be switched or ditched... and again, either people do not notice or do not care... You tell me! I have also seen that some people, maybe you for example! give very honest advice and verifiable PREDICTION vs REALITY.. or even a good performance... and again, nothing, they even might get ignored, banned... Why? Some people doesn't even care for moneymaking advice.. Have checked some members posts, performance.. vs liking/ignore... Profitability sure doesn't seem to be the main drive... or things would be much different.

What other explanation do you have than that some people either love to lose or just want a daddy/leader, regardless of his TRUE value, profitability potential... or how much they could copy... You tell me... I do not know the answer but I do not know... some people are either not here to win or are so far of winning (with their attitude, behaviour or blindly following anyone... that they would not make the money even if they would get the charts from the future. You understand?
If you care to understand, you will, easily, you seem to be "out of the box" enough to have the capability... But if you are too much OUT... you won't understand what I wrote ..in this and the post before.. even If I spend 500 pages... per month.

And no, I do not work at.. and why would you bring such insults? Won't even ask further...

And yeah, you seem to be very receptive also.. checking where I am from and making connections (associations) - the worst one... meaning when someone will be from what you treat as "good" country, he might take money from you easily You understand?

And P.S... it was just a quick stop in this thread for me, you are free to delete both of my posts here, no problem there... If you will have something constructive to add, I will be happy to respond, but I do not have time for negativity or being someone to piss on, specially on the basis of my Country of origin.. I am glad Swiss watches are still regarded gold, regardless of punctuality Cheers man! Image is everything.

If you have time or care.. check my posts/charts/predictions on "EURUSD" thread or "auric forecasts"... Quote all of my posts that were wrong or that price didn't reach or whatever... But it seems some people just do not care Seems this ingredient (giving right prediction) is not that important You understand?

AND BONUS... Do not reinvent the wheel man... No movie (that I saw, and that is saying something), since you punched into that one also... is saying anything different. Do you know ONE? See this post please (movie list vs trading message)! And also this... Are they trying to tell you something else? Even Michael Douglas himself said that Gekko was ... guy.. People do not care Or do you think people actually thought all characters were the good guys and that making money can be learned.. specially in markets? Care to show me ONE movie that says so? Or one COLLEGE or whatever? You are reinventing the wheel I am afraid

BTW I have long character analysis on the WS87 movie... If you cared to analyse deeper, Bud Fox was MUCH more "evil" in relative terms... He upgraded "jumping to conclusions" based on rumours or what appears to be true... to stealing from law office directly... Didn't get much problem with that... All changed when he wanted to, besides pulling serious (crime) money from get rich quick (inside)... to make daddy proud also... presented (blue star...) to Gekko as the ultimate BUSINESS DEAL ("it will make us a fortune" - true motive was making daddy proud and PRIDE costs!)... but when it was treated as such (raiding - of course Gekko went for liquidation when BUD himself said him "70mio overfunded pension".. just this alone... YEAH.. better having 70mio TODAY right?), he went nuts (Gekko made all a fortune however, as PLANNED and proposed).... Think about it Of course in OBJECTIVE terms... you could argue different "evilness" for them, but in relative terms... who changed the most, betrayed, presented something differently than it was.. had "identity crisis" that costed everyone a lot... Would need much more to explain, let alone for some to understand (behind emotions) the point... But clear your mind first, because in the present state, concluding from your previous post, you would mix everything into some real...

Well, hell, here you go (epic clip below), I can not explain it better myself If you want to change people('s mind), FX would be the last place to start... It is just a reflection... Market reflects every thought, think about it To be honest, I think fx is the most fair game there is... If anyone thinks there is some RIG... PROFIT prom it! "Trick" "money makers" to go one way.. and BET on it Its pure, its freedom, is everything.... Noone can rig TRILLIONs dollar market for too long, even if he or "they" would want to... And if they did... JUMP on the RIDE or HEDGE, whatever... My 0.2 cents, from SLOVENIA... Will go find some bread from YESTERDAY now good movie btw Ok take care.. and just in case you will do a number 2 on my post... please send me private msg (or like the post as the sign)... short, blank or whatever.. if you want me to respond here (since I won't be watching, just in case of neg)... Would be happy to respond though! Otherwise just delete and go on with the core message of yours LOVE YOU ALL PEOPLE



+EPIC


P.S. If you would maybe like to make some money, check this... the ACTUAL line (so far at least, for a MONTH!) has been here (and reposted many times in "EURUSD" thread) for quite some time... with (obvious) "instructions" how to HARVEST it... Might still have the potential... Just time-stamping so you can maybe argue some more that markets can not be predicted (line was there, and TEXT prediction more then a month before (22JUN19) since 25JUL19, yes, before the major news/directions.. think about it), specially by someone from where I am or if it will fail... you have an excellent gift... chewing on its bones PEACE MAN! Maybe we will be neighbours some day, would love to live in CH instead, true story. If I will earn enough, hey, anything can happen, even ZH

You could also check my single strike or tp20sl20 threads.. with live posts posted in advance...

You just use him as an catalyst for movements. Any time he says something about trade, specifically China, markets move to reflect his stance. Usually this is in opposition of the overlying trend, he's like a child's book to read. Understand where we are in the economic cycle, what historical confluences and outcomes are, and apply the current political regime to your trading stance. Trump is the biggest edge out there. Look what happened last week over the weekend. Massive gaps up for "safe haven" currencies with his tweets earlier about US manufacturing. He is making good on his promises, at least superficially to bring it back to the US. Then what happened? He tweets things are going great at G7, and China is calling him and Japan made a deal. He's bluffing, again. Catching those fools who were impatient but had the right idea about the trade war and the coming recession. They get fucked by spread widening at 5 o'clock Sunday if they had buy limits for JPY, CHF, and the USD (less so). Then, we get this strange news about Japan and further China talks. What does that tell you? Risk off is back and the trend continues towards recession. That will be sometime this week, possibly tomorrow. Just hold, use low leverage, and hold your conviction that you understand what is going on. The biggest factor in this market is psychology, everyone knows that. Again, are you profitable? Or did you get fucked selling your CHF in 2014-2015 because the Swiss are invincible xDDD? It is okay to be mad at the biggest money making scheme on the planet, it doesn't make it ok to place complete doubt that the possible is impossible. If my conviction held on every single trade I have made, and I didn't get impatient and overleveraged, or reacted to the news properly, I'd be handsomely ahead. Instead I am down, and waiting for events to take place while I have .01s open. And about hedging, you realize if you are going to hedge, you only do so to make sure you lock in profits or lock in a loss from going further right? It buys you time to figure out if your analysis is wrong, or the big boys were just liquidity hunting. You have to be better than everyone else in this game if you want to win, you have to understand how to abuse the losers, or at least not behave like them. Buy low, sell high, buy the rumor (Trump), sell the fact. That's all you need to know to win if you apply pressure properly, when the sharks are hunting. Have a good one, I'm already most of the way towards my goals, hope you are too. You think like most Europeans do, welcome to the world ruled by America, where you sink or you swim, the way it should be. Nature isn't pleasant, nor is life. We are literally beings meant to feel pain and stimuli, nothing more, nothing less. You can choose to give in to the pain, or you can fight it and come out a stronger person. Such is called mental fortitude. Good day, place reasonable responses if you want to dissuade others from losing their money, IE tell new traders the common pitfalls they will encounter such as what spreads and liquidity pools are, and what sell side institutions do.

....everyone's different, but I have been a much happier trader since becoming proficient at options trading. My positions and # of trades running simultaneously are bigger than anything I ever attempted when I was trading fx, but my stress level is tiny now. I don't risk nearly as much as I used to, and my risks are typically spread in many ways, so I rarely worry about trades I am in. I spend just a small fraction of time thinking about trading compared to when I was scalping fx. This leaves me time to devote to my career, have a life, etc.

Many (most?) people get into daytrading with unreasonable hopes or expectations. I did. Thinking about getting rich, quitting work that they hate, etc. Rarely works out. If a trader can survive long enough, though, he can start getting some clues. The key to survival is managing risks. Lucky traders might get rich quick. But good traders survive. If you are surviving you can be ready when the best trading opportunities present themselves. Then you can get rich too.

By using him als a catalyst for movements, he an his cronies can fully use their information edge against you. You are a liquidity provider for them to close their bets at better prices. You might sometimes surf a small part of the wave, but you will most likely lose in the long run because you trade in a situation where somebody else has a significant edge over you. In reality you do nothing else than trading on price information and public knowledge.... The only good thing you mentioned is to trade small with very little leverage. I agree on this one. This gives you a small edge.

"you have to understand how to abuse the losers"..... No, I don't. Somebody with real strength understands that strenght is always coupled with responsiblity. The current POTUS really shifts the moral ground in America to an all time low. A lot of people start to think the way you do. This is a receipt for disaster. He even successfully exports this toxic behaviour into other countries as well. So one day we will pay a high price for that.

Your shout on traderwillies profile tells me enough about your motives. You have seen him depositing a huge amount on a live trading account in his TE and the next step is to offer him help to become a successful trader...... yeahh, sure, you have to understand how to abuse the losers.....

Not in my thread - please leave.

Hahahaha. The point isn't to use the actual public information for what it's worth. Did you miss the part where you buy the rumor and sell the fact? You think I trust any media or news source at face value? You can think this game hasn't been going on for the past 3 decades, but you're a fool. There is a reason Trump is in the WH, it isn't because Americans cared for the rest of the world after getting shafted by their own corporations and the dollar. This is a dog eats dog world, like I said, grow the fuck up. Lol I shout traderwillie because I thought he was where I was from, and he was clearly using an EA that he bought and was losing lots of money. The fuck you got a problem with someone trying to help prevent the very thing you are talking about? Because they're actually trying to offer someone help? Like I said, you're a pathetic waste of space. We've already paid a price greater than you can imagine by exploiting the dollar, the Chinese, the Vietnamese, Japan, Germany, Korea, and the Middle East to name a few. We will reap what we sow if we don't produce something of value, IE manufacture something instead of finding cheap labor to do it for us, either by importing the labor or exporting our materials. Whatever my dude, if you intend to trade on something other than the COT, price, stocks, bonds, Gold, CPIs, outstanding debt, account balances, and politics, you must be deaf, dumb, and blind as Helen Keller. The idea is to FIND the liquidity, (wicks, support, resistance, trendlines, order books) and trade against it. That's what abusing bad traders is. Where did I say to abuse the world? Think we haven't already? You think you can join the stupid traders to make money? Jesus Christ. So let me know, what are my motives? Am I an affiliate marketer? Come on, you know me so well after shouting on an FF member who's losing money after buying the snake oil salesman's EA right? Don't open a thread if you can't take the criticism.

Whippy, please give me a break.

You really make my day..... playing a bit 4D chess like the Donald, Ehh?

The bullshit-o-meter starts smoking.

Learn a bit German and take this in.



Your friends ..... ?

Whippy....

is traderwillie in the snakeoil business too? I knew I saw this face before. Your friend?

https://www.facebook.com/pg/WAJenkin...=page_internal

He should be listed as a commercial member......so now it's clear why he posts a 1 Mio account ...... the bait is in the water.
His TE is impressive.... maybe kind of reverse psychology trick to get in touch with potential customers that offer some help like Whippy.....

FF is really a hell of a source to study all different types of scams and frauds.

And this leads me to.....

https://www.csa5steps.com/

A forex trainer.....selling his 5 Step magical system.... fishing for newbies as ....

https://www.forexfactory.com/traderwillie

Junior member..... ohh yeahh commercial member would be better.

Lol 4D chess? No, it's called being a competent person. How hard is it for you to read the markets and Trump? You do have internet access right? Do you live in the US? Do you understand the mentality here? Sorry you aren't intelligent. Like I said, I honestly thought he was losing money due to an EA he had bought, looks like I'm right doesn't it? Whatever my dude, you can try and call me a scammer or associate, whatever you like. I have no intention of ripping anybody off. What bullshit am I pulling on you? I tell it to you straight. You can't tell a scammer from someone who genuinely wanted to help. Lmao. How is trying to meet up with someone a scam? In person? You think I wanted him to wire me money to trade for him? xDDDDDDDDDDDDDD Hold now, so is he the marketer? Or am I? xDDDDDDDDDDDD Who's ripping who off with a website? Yet you post I'm the shark??????????? You literally have nothing better to do than try and smear me until you realize I haven't done anything wrong. You twist everything you can with a vendetta. Try harder, pathetic worm. I'm good, I'll learn German when I want to go to the Nordschleife and the Autobahn. 'Til then, I've lost respect for a lot of my Euro cousins. Buncha pussies. There are scammers in every country. Ever heard of the Nigerian prince who will mail you millions if you loan him 10k? Keep getting fucked by the PIGS, the EU looks real stable, especially with Asia and Africa as your neighbors. Like I said, welcome to the world ruled by Americans and our taxes.

A big problem with the 'currency trading is bad for society' argument is that some people in power, notably regulators, believe it on some level and then implement stupid rules to try to offset the risks. Inevitably they just make the problem worse. FIFO anyone?

In Canada almost every FX trader has no choice but to use an offshore, poorly regulated broker because the restrictions placed by IIROC on brokers means its not worth the hassle of taking Canadians. This ironically increases the risk to Canadian traders.

You know what's bad for society? Opioids. And yet the companies that make them pay a pifflingly tiny fine and keep on trucking. J&J -572M, on an EV of 353B which is what, 0.16% of their enterprise value? That is a wrist slap.

When something is making big money there are no obstacles to keeping it going, which is why the Amazon burns and lives get destroyed. Let me play the game, and be the one to decide what stakes to play.

I certainly mean no disrespect from the question, but I was just curious if you are currently, or have ever been, a trader in ANY of the normal trading instruments (currencies, futures, metals, stocks, options, indexes, etc.) other than a 401k or IRA or mutual fund or are you just kind of a forum junkie? Not that there is anything wrong with that, since that is really what makes different forums kinda fun, like conspiracy or paranormal or something opinionated like that....

I assume you must have at one time or another at least traded in forex, since this is a pretty specific program for you to focus on for so long to try and keep people from doing it, but maybe not...it's just hard to tell from your posts, that's all.....

Methinks you protest a little too much though?

What do you mean by that? In the US? Or me personally?

negative sum game for losers , it is if you look for the holy grail for trading , it is if you believe all the hype on ea,s , it is if you pay for $10000 for software that can predict the forex market it is if you do not learn how it works , we have the internet every thing is there for you to learn with out paying money