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Forex - A negative sum game for losers

  • #301
  • Sep 13, 2019 1:19am Sep 13, 2019 1:19am
Quoting shrips
{quote} ok so retail lose most of the time...so trade the opposite to them. Simple ! https://www.forexfactory.com/showthread.php?t=761579
Classical snake oil propaganda sentence.... it's a structural disadvantage that makes sure it is always a negative sum game for a retail forex trader - doing the opposite won't help you at all. Every experienced trader knows that.

You won't win in a roulette game if you do the opposite of what the majority on the table does.
  • #302
  • Sep 13, 2019 1:43am Sep 13, 2019 1:43am
Quoting Aussi
{quote} {image} hudithepfupf do you get it
Personal attack.... because you have run out of arguments.

So thank you for that perfect example.
  • #303
  • Sep 13, 2019 2:38am Sep 13, 2019 2:38am
Quoting HudithePfupf
{quote} Personal attack.... because you have run out of arguments. So thank you for that perfect example.
you are preaching on deaf ears because 1, greed 2, greed and 3, greed , you see you are fighting greed , i could go on but my dad said you cant talk to person who as a one sided view and every time you bring a positive and true view , that person will call you names and shout and yell like a big mouth like you did , its pointless to argue with a uneducated person who lacks understanding
people leave, but this thread will go on for ever
  • #304
  • Sep 13, 2019 3:46am Sep 13, 2019 3:46am
One sided view...?

Greed exists, gambling addiction exists, propaganda works, and new victims are still lured in at a breathtaking speed.
So it comes down to the question at which point we have to act as a society to limit the harm based on spreading lies.

The lies are the core problem. Camouflage day trading as a profession while it's pure gambling.

Retail traders just in Australia lose 1'000'000'000 a year day trading CFD, futures, binary options, ....

Arn't you from down under, Aussi ......
  • #305
  • Sep 13, 2019 4:06am Sep 13, 2019 4:06am
Quoting HudithePfupf
One sided view...? Greed exists, gambling addiction exists, propaganda works, and new victims are still lured in at a breathtaking speed. So it comes down to the question at which point we have to act as a society to limit the harm based on spreading lies. The lies are the core problem. Camouflage day trading as a profession while it's pure gambling. Retail traders just in Australia lose 1'000'000'000 a year day trading CFD, futures, binary options, .... Arn't you from down under, Aussi ......
yes i am from AUSTRALIA , problem is there is to many people who tell us lies by manipulating the the true to fit what they are saying at the time same as the global warming nut cases , to many arsesoles telling what we can and can not do ,years ago i had diverticulitis 7 times in 2 years , was given a list of what i can not eat 12mths later with my 6 attack the dietitian came in gave me a new list 90% of the list was gone , a study done in England by a English doctor there was no coloration food nuts etc etc caused divi in the 80,s was told we going to run out of oil in 10 years i could go on and on , lies are a constant theme to day by well meaning people
people leave, but this thread will go on for ever
  • #306
  • Sep 13, 2019 4:12am Sep 13, 2019 4:12am
Quoting HudithePfupf
To Aussi, Butty, Tropy, Chucu.... and all the other spin doctors of profitable retail trading..... Retail forex is a negative sum game for losers! TM Study the attached paper. This is the reality. Get it or lose it. My performance is better than 99% here on FF - because I do not day trade retail forex. Here you see real data over a at least 300 trading days period of futures day trading in Brasil. The results are even worse of what I claim based on extrapolation of data from CFTC, ESMA, ANF, etc Brasil day traders starting between 2013 -2015 Those...

forex - a negative sum game ( the title of this thread )

quotes a study in Brazil on the equity futures market (a totally different market) targeting new traders over 300 days. has anyone ever heard of a new trader being up and running successfully in 300 days ?

bullshit irrelevant evidence targeting a different market with an obvious outcome. take an average student who is about to learn to be a Dr and tell them to perform a Dr duties while assessing their skills. what do you think the outcome will be?

you call this evidence? dog shit would be more relevant than this bullshit.

quote from your study:

"We observe all individuals who began to day
trade between 2013 and 2015 in the Brazilian equity futures market"
  • #307
  • Sep 13, 2019 4:15am Sep 13, 2019 4:15am
Quoting tropical_g
{quote} forex - a negative sum game ( the title of this thread ) quotes a study in Brazil on the equity futures market (a totally different market) targeting new traders over 300 days. has anyone ever heard of a new trader being up and running successfully in 300 days ? bullshit irrelevant evidence targeting a different market with an obvious outcome. take an average student who is about to learn to be a Dr and tell them to perform a Dr duties while assessing their skills. what do you think the outcome will be? you call this evidence? dog shit would...
was my point exactly mate
people leave, but this thread will go on for ever
  • #308
  • Sep 13, 2019 7:36am Sep 13, 2019 7:36am
Tropy,..... I think you should start to worry about your 600k mortgage payments.... Why on earth would a successful trader need a 600k mortgage? I hope it's not part of this money you gamble with, otherwise I see a lot of troubles ahead for you.

There are several very important messages in the paper that apply to any efficient markets a retailer is able to trade with leverage.

 

  1. the 97% losers over a 300 day period are those who survived for 300 days and continued to trade - so it should be most experienced cohort
  2. Nonetheless in this cohort the percentage of losers is the highest and it would even be higher at 400 trading days and 500, till it's close to 100%
  3. This proves that you can extrapolate the loser percentage from shorter trading periods to longer trading periods. The real data fits this model perfect. So the probablity is very high that the model is actually correct, at least till proven otherwise.
  4. This runs opposite to any statement that there is a learning effect claimed by shovel sellers trading coaches, brokers etc - if so, the percentage of losers in the most experienced traders group should drop
  5. Those who survived 300 days should be better than those who survived only 200 or 100 or 50 of 20
  6. This isn't the case - as I explained already in great detail in the past with other examples.
  7. The strucural disadvantage combined with highly efficient markets makes sure trading costs erode all retail traders account who trade using a speculative price prediction model of any kind - it is absolutly not related to learning or skill
  8. they couldn't measure any kind of learning effect..... so the myth that speculative trading can be learned is definitely not true
  9. there are several other studies that looked into exactly this question and confirm this finding too
  10. all of them show zero significant learning effect in relation to price prediction precision
  11. this doesn't mean that you can't blow your account even faster than what this model suggests


So you prefer dog shit over bullshit.... well, .... take a walk with your dog and think about what I told you.

  • #309
  • Sep 13, 2019 8:27am Sep 13, 2019 8:27am
Quoting HudithePfupf
Tropy,..... I think you should start to worry about your 600k mortgage payments.... Why on earth would a successful trader need a 600k mortgage? I hope it's not part of this money you gamble with, otherwise I see a lot of troubles ahead for you. There are several very important messages in the paper that apply to any efficient markets a retailer is able to trade with leverage. the 97% losers over a 300 day period are those who survived for 300 days and continued to trade - so it should be most experienced cohort Nonetheless in this cohort the percentage...

shows how little you know about finances. debt is dirt cheap and will remain so for many years to come. why fork out the full million on a property when I can fork out 400k deposit, debt the rest of it and invest the 600k into a business?

you're lost man, get a life, an education would be beneficial too since you clearly need it.
  • #310
  • Sep 13, 2019 8:33am Sep 13, 2019 8:33am
Quoting HudithePfupf
Tropy,..... I think you should start to worry about your 600k mortgage payments.... Why on earth would a successful trader need a 600k mortgage? I hope it's not part of this money you gamble with, otherwise I see a lot of troubles ahead for you. There are several very important messages in the paper that apply to any efficient markets a retailer is able to trade with leverage. the 97% losers over a 300 day period are those who survived for 300 days and continued to trade - so it should be most experienced cohort Nonetheless in this cohort the percentage...

referring to all your bullshit points on your conspiracy theory.

these are new traders that have an ocean of bullshit to learn off. your content being a fine example of the sort of bullshit readily available to new traders. take 1000 people and tell them to become proficient at a highly skilled job with only misinformation and bullshit guidance. see who ends up proficient.

anyone with an average iq can be a profitable trader with the right guidance (perhaps not you though)
  • #311
  • Sep 13, 2019 8:48am Sep 13, 2019 8:48am
Hudi,
lets say you are right.
just curious what kick do you get out from staying hours and hours on this forum full of 100% ( or would be real soon) losers?
if repeating the same thing over multiple thread, again and again, on a topic truly not for you ( trading) is what brings you happiness in life, fine.
but feel sad and sorry for you not having a life.
you made your point. move on.
get a more useful hobby than forum posting.
would benefit you.
there is always, always another trade!!
  • #312
  • Sep 13, 2019 8:51am Sep 13, 2019 8:51am
Quoting tropical_g
{quote} shows how little you know about finances. debt is dirt cheap and will remain so for many years to come. why fork out the full million on a property when I can fork out 400k deposit, debt the rest of it and invest the 600k into a business? you're lost man, get a life, an education would be beneficial too since you clearly need it.
Let me quess, your "business" is retail forex trading? Oh...Ohhh.
  • #313
  • Sep 13, 2019 9:03am Sep 13, 2019 9:03am
Quoting HudithePfupf
{quote} Let me quess, your "business" is retail forex trading? Oh...Ohhh.
no, it's part of a rental property portfolio. I have several streams of income with fx being my primary income stream (does it anger you that you are incapable of achieving that dream you once had before transforming into a loonie)
  • #314
  • Sep 13, 2019 9:12am Sep 13, 2019 9:12am
Hi Profitfarmer,

I simply can't stand liars.

But you make a good point that it's worthless to discuss with snake oilers. A waste of time.
So please Tropy, Aussi, Drolph... and all other snake oilers running in overdrive.... cool down in an other tread.

Thanks, Hudi.
  • #315
  • Sep 13, 2019 9:14am Sep 13, 2019 9:14am
Quoting HudithePfupf
Hi Profitfarmer, I simply can't stand liars. But you make a good point that it's worthless to discuss with snake oilers. A waste of time. So please Tropy, Aussi, Drolph... and all other snake oilers running in overdrive.... cool down in an other tread. Thanks, Hudi.
the only liar here is you but I will respect your wishes and remove myself from this swamp
  • #316
  • Sep 15, 2019 12:34am Sep 15, 2019 12:34am
Quoting tropical_g
{quote} it must really be painful to harbour a belief like yours knowing you have never been able to crack success while others have. I made 12 percent yesterday in 2 hours while you were chewing your nails believing the market is rigged against you. the conundrum is why you insist on continuing to hang around and spread your lies. People have posted accounts and you still don't believe them. like on the other thread I am going to make a statement and believe you are unemployed and unemployable and unless you can post your bank statements and paycheck...

Well, that guy made 19,00O.00 in 4 minutes it's so easy to make money in the forex especially if you can trade while flying in your helicopter!

Inserted Video


Extraordinary claims require extraordinary evidence.

"People have posted accounts and you still don't believe them". Certainly you can't be that gullible.
  • #317
  • Edited 1:09am Sep 15, 2019 12:56am | Edited 1:09am
Quoting tropical_g
{quote} no, it's part of a rental property portfolio. I have several streams of income with fx being my primary income stream (does it anger you that you are incapable of achieving that dream you once had before transforming into a loonie)
The key words are "I have several streams of income with fx being my primary income stream"
This is a well known scam, part of a package that is sold in "Wealth building seminars"
Here is a bit more reality on the subject.

Part 2 was never aired ... I wonder why..

Inserted Video


and now for the real face of Retail forex .. "Wealth building" and forex trading are a perfect match

(Apparently no longer on youtube)
https://vimeo.com/185934989

Is this really the best they could find to represent retail forex trading ? This is the true face of retail forex. Absolutely dismall

To repeat a well known joke about brokers and their customers
Someone asks a (retail forex) broker
"You seem to be doing well for yourself and your company, but where are the customer's yatchs ?"
  • #318
  • Sep 15, 2019 1:02am Sep 15, 2019 1:02am
Quoting Mingary
{quote} Well, that guy made 19,00O.00 in 4 minutes it's so easy to make money in the forex especially if you can trade while flying in your helicopter! https://www.youtube.com/watch?v=dq5sQpaEVVk Extraordinary claims require extraordinary evidence. "People have posted accounts and you still don't believe them". Certainly you can't be that gullible.
like I said before and I'll say again. show me your bank statements and payslip. you want to see my personal private finances, then let's see yours as well. just because you can't trade along with your pal here doesn't mean it's an impossible task. you want evidence well let's see if you even hold down a job.
  • #319
  • Sep 15, 2019 1:03am Sep 15, 2019 1:03am
Quoting Mingary
{quote} The key words are "I have several streams of income with fx being my primary income stream" This is a well known scam, part of a package that is sold in "Wealth building seminars" Here is a bit more reality on the subject. Part 2 was never aired ... I wonder why.. https://www.youtube.com/watch?v=DPARaL3F498 and now for the forex .. "Wealth building" and forex trading are a perfect match https://vimeo.com/185934989 Is this really the best they could find to represent retail forex trading ? This is the true face of retail...
for it to be a scam I would need to be selling something. what exactly am I selling or are you just making shit up as you go along because you lack any grain of intelligence
  • #320
  • Sep 15, 2019 1:17am Sep 15, 2019 1:17am
Quoting HudithePfupf
{quote} This gives an overview how affiliate programs work in FX: https://www.financemagnates.com/fore...iate-programs/ How could they generate money? In a popular thread the thread owner is attracting a lot of interest, newbies or retail traders that want to learn from the master. They are looking for advice and for a mentor that helps them to become "profitable". As soon as they have built up trust they offer to help to get better trading conditions, because they claim to have good connections to brokers. Good chance...
No wonder sometime I do get a reply on one of my posts and I get the impression I am eating someone's lunch...
I have absolutely nothing against trading in retail forex but the lies have to stop.
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