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has anyone EVER seen a successful trader/trading system?

  • #301
  • Sep 22, 2019 3:39pm Sep 22, 2019 3:39pm
Quoting RickM
{quote} Its always a pity most traders understand how the market works when the grey hair takes over. Personally, I am more interested in traveling the world while trading out of a laptop than trying to get a job at a Equity Firm. This year I have traded from Montana, LA, New York, Switzerland, Germany and now back in my base in Brisbane. IN 8 weeks I will be trading from my favourite place Colorado then finish the year trading from Texas. Luckily for me I have a bunch of VPS servers. Who wants the pressure of a bunch of investors Life's...
working for others is a bitch
  • #302
  • Sep 22, 2019 4:10pm Sep 22, 2019 4:10pm
Quoting GEfx
{quote} Based on the last 3 pages of this thread, this might be a good spot to add a bit to my first post. First, most retail forex traders fail because they lack the competencies required to successfully trade, just like they lack the competencies to be a successful brain surgeon, nuclear engineer, and NBA basketball player. Most people who read this lack success at nearly everything they've tried in life, but most also have found success at something in life that does not require any great insight or unique set of skills, largely because they...
It isnt random at all
  • #303
  • Sep 22, 2019 5:06pm Sep 22, 2019 5:06pm
Quoting Blaxst3r
{quote} It isnt random at all
Yes, that's what I said.
  • #304
  • Sep 22, 2019 5:15pm Sep 22, 2019 5:15pm
if you need to see a curve , you real desperate

maybe you should see other kind of curves and forget about forex, fx is hard indeed
The risk is what gives value to an investment.
  • #305
  • Sep 22, 2019 6:22pm Sep 22, 2019 6:22pm
Quoting GEfx
{quote} Yes, that's what I said.
I was agreeing with you
  • #306
  • Sep 22, 2019 6:25pm Sep 22, 2019 6:25pm
Quoting Blaxst3r
{quote} I was agreeing with you
Lol...great minds think alike. Sorry, and good trading to you!
  • #307
  • Sep 22, 2019 6:31pm Sep 22, 2019 6:31pm
Since open i have done nine trades
people leave, but this thread will go on for ever
  • #308
  • Sep 22, 2019 7:29pm Sep 22, 2019 7:29pm
Quoting Aussi
Since open i have done nine trades
Is this coincident, I had opened 9 trades about 30 minutes ago
something like
Buy eur
Sell gbp
  • #309
  • Sep 22, 2019 7:33pm Sep 22, 2019 7:33pm
Quoting failinforex
{quote} is this coincident, i had opened 9 trades about 30 minutes ago something like buy eur sell gbp
had a buys AUD GOLD USD GOLD , sell oil and sellS jpy all have made money will post profit an my thread later
people leave, but this thread will go on for ever
  • #310
  • Sep 22, 2019 7:39pm Sep 22, 2019 7:39pm
Quoting failinforex
{quote} Is this coincident, I had opened 9 trades about 30 minutes ago something like Buy eur Sell gbp
well good luck with them
people leave, but this thread will go on for ever
  • #311
  • Sep 22, 2019 9:54pm Sep 22, 2019 9:54pm
The distance between starting to see some fragments of truth to coming to a state of being able to compile them into an efficient and accurate set of rules (mental roadmap) to actually learn to trade by the rules (to follow price action guided by the rules taking correct action when needed from entering to exiting a trade) takes years of diligent study that not many of us are willing or ready to give.

The uncertainty one encounters throughout this curve does not diminish completely but as you pass from one cycle to another it comes bearable to enjoyable but very few reach this point of mastery many are left lost in a sea of indicators and system gambling away their lives I was there and I know how painful it feels the frustration and desperation can eat you up from inside it doesn't help when everyone around you thinks you're gambling.

Forget about what you need to study or if this is at all possible to If you haven't got faith in yourself and in what you're doing there's no point in even starting out because for those who need reassurance from others you will be chewed up alive as fast as your hope of getting reach quick the road to consistency is possibly the hardest road you'll ever embark on so faith is absolutely a must (for me at least it is).

And you must be a fool to have faith in this and in yourself because this is again possibly the hardest way to earn a living.

Now tell me if learning to speak another language is possible but how many actually attain native fluency in all departments writing/speaking/listening etc ?
...
  • #312
  • Sep 22, 2019 11:24pm Sep 22, 2019 11:24pm
OP says,

"show me ONE SINGLE SUCCESSFUL TRADER (for at least 3 years in a row) and I promise I'll be the second one"

That's easy. His name is Ross Cameron. Trades stocks under $10 in the U.S. He makes his statements available on his website. He shows every day how he did in the market. He took just under $600 and turned it into 1 million in 2 years. Proof. Fact. Go look it up. Go to Warrior Trading channel on YouTube.

If you were a "smart programmer", you wouldn't have been trying to trade Forex for 3 years. Volatility is horrible compared to the U.S. e-mini futures or Crude futures or HSI/HHI (on the Hong Kong Futures Exchange) or the types of stocks Ross picks to day trade.
  • #313
  • Sep 23, 2019 12:30am Sep 23, 2019 12:30am
Quoting CLTrader
OP says, "show me ONE SINGLE SUCCESSFUL TRADER (for at least 3 years in a row) and I promise I'll be the second one" That's easy. His name is Ross Cameron. Trades stocks under $10 in the U.S. He makes his statements available on his website. He shows every day how he did in the market. He took just under $600 and turned it into 1 million in 2 years. Proof. Fact. Go look it up. Go to Warrior Trading channel on YouTube. If you were a "smart programmer", you wouldn't have been trying to trade Forex for 3 years. Volatility is horrible compared to the...
Entry level is much higher for futures
Most retail traders dont want trade a $20k account at the beggining when they can choose to trade forex with a $2k account

The new micros can be the answer
Necessity knows no law except to conquer
  • #314
  • Sep 23, 2019 3:08am Sep 23, 2019 3:08am
They is one his name is George Soros.

1. Successful trader will never reveal his secret. because if he reveals it everyone will knows it. The other side of the market i.e the market makers wouldnt be able to make money, hence the MM will change their strategy and the successful trader will become unsuccessful.

2. Even if someone reveals it, non will convince. If u are successful why would u waste ur time convincing people.
  • #315
  • Sep 23, 2019 3:14am Sep 23, 2019 3:14am
And i can assure you. The market is not random.
  • #316
  • Sep 23, 2019 3:45am Sep 23, 2019 3:45am
Quoting footimy
They is one his name is George Soros. 1. Successful trader will never reveal his secret. because if he reveals it everyone will knows it. The other side of the market i.e the market makers wouldnt be able to make money, hence the MM will change their strategy and the successful trader will become unsuccessful. 2. Even if someone reveals it, non will convince. If u are successful why would u waste ur time convincing people.
I think there is no secret. I think this is precisely why many fail in the markets and I mean all markets. We all are looking for a formula that doesn't exist. I might have saved myself years had I known this earlier. There is no systematic pattern that works all the time. The best traders are those that can adapt to the environment as quick as a chameleon. I think it's a form of sixth sense that cannot be explained, its like being a musician. For those that don't believe, keep wasting your time looking for the cow from which you will milk profits forever and continue throwing your daily work away.
When you see it, BET big.
  • #317
  • Sep 23, 2019 3:59am Sep 23, 2019 3:59am
Quoting footimy
And i can assure you. The market is not random.
It clearly isn't, but a market graph can be simulated using randomness, especially random numbers with a built in bias between moving fixed points. I suspect you could simulate a lot of different graphs using similar methods though. I doubt a heart monitor is random just because I can simulate it in a google sheet.

If you had a birds eye view of a crowd of people at a football game, the movements of the crowd would follow no discernible pattern but they wouldn't be random.

As things get more micro (like at the tick level) it becomes more like random chaos to the naked eye. On a daily chart or longer there is usually a winning side.

If the whole thing was random, then sometimes the dollar would drop by 15% in a day and not the Turkish Lira. Spreads/margin levels would make no sense as volatility would be completely random.
Hypocrite lecteur, mon semblable, mon frere!
  • #318
  • Sep 23, 2019 5:37am Sep 23, 2019 5:37am
Quoting Rennaissance
{quote} I think there is no secret. I think this is precisely why many fail in the markets and I mean all markets. We all are looking for a formula that doesn't exist. I might have saved myself years had I known this earlier. There is no systematic pattern that works all the time. The best traders are those that can adapt to the environment as quick as a chameleon. I think it's a form of sixth sense that cannot be explained, its like being a musician. For those that don't believe, keep wasting your time looking for the cow from which you will milk...
Formula, pattern and sixth sence, these element exist because of one thing, Pure economic supply and demand. The cow really exist. is just that not everyone can milk the cow. And since doubter is more than the believer, im thankful for that because the market needs doubter so that the 5% can enjoy long lasting fortune.
  • #319
  • Sep 23, 2019 6:52am Sep 23, 2019 6:52am
I would dare to say this is probably the hardest occupation in the world.


success in forex is equivalent to become pro athlete. One can never be success with only 2 or 3 years of practice. Some need 15 - 20 years to aquire relevent skill to master. even with that long time of training, it never guarantee success because the formula of success is only knew by few and passed only to his student. Same as forex.
  • #320
  • Sep 23, 2019 11:11am Sep 23, 2019 11:11am
Quoting footimy
I would dare to say this is probably the hardest occupation in the world. success in forex is equivalent to become pro athlete. One can never be success with only 2 or 3 years of practice. Some need 15 - 20 years to aquire relevent skill to master. even with that long time of training, it never guarantee success because the formula of success is only knew by few and passed only to his student. Same as forex.
Being able to play a musical instrument is a good analogy I think. Lots of people "want" to play an instrument but in reality those that actually learn are the ones that really want to learn to play. I truly wanted to play guitar (and can) but I'd "love" to be able to play piano. I'd "love" to pick guitar with all 5 fingers like in a Spanish/RJ blues style.

My ability to play guitar isn't special, it came from me naturally just being drawn to playing guitar and I suspect getting a bit more self-satisfaction from it than the average person. Sometimes I pick it up while the kettle is boiling and end up playing for the next 30 mins. I suspect that Santana is not only naturally more gifted than me, but has spent far far more hours playing.

Similarly the successful trader is probably a bit obsessed by it compared to the person who'd "love" to be a trader. Although everyone trades to make money, the successful trader will be drawn to it like a hobby. A sort of true love if you will.

Much like the pro athlete.
Hypocrite lecteur, mon semblable, mon frere!
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