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Attachments: has anyone EVER seen a successful trader/trading system?
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has anyone EVER seen a successful trader/trading system?

Quoting mumarbsc
Here is what happens in my opinion: 1) You load your account with 1000$ (for example). 2) You start trading safely and patiently and start accumulating small profits. 3) Then either your patience give up or your built-in installed greed rises from the dead. 4) Now you are in a state that you start accumulating some good profits. 5) But then one day you face a good amount of loss too. Suppose your account went up from 1000$ to 1500$ and then you suddenly lost 400$ out of anxiety, greed, fear all all those negative thoughts. 6) Now you are in a situation...
""""There is no strategy in forex that work consistent.""" you think so
I LEARNT HOW TO TRADE
Here is a strategy to overcome fear, greed, anxiety:

1) Lets suppose you have 1000$ in your account.
2) Make a 1 year plan and set a target number of pips for yourself per trading day:
Total Number of trading days = 365 - 2 x 54 = 257 Days (lets say 250 trading days)
Let Target number of pips per trading day = 20 Pips
3) Now to overcome fear, you need to have risk management. Good risk management can be to allow for yourself only 0.01 Standard Lot per 100$ equity. So for 1000$ account, allowed number of lots that you can utilize = 0.01 x 1000/100 = 0.1 Standard lots
4) All you need to do is use your allowed lots and try to earn just 20 pips per day.
5) Recalculate your allowed number of lots as your equity grows up.
6) After 1 year, you will be amazed to see the results. almost 140,000 USD at the end of the trading year. See attached screenshots for calculations.
7) If you argue that there will be losses too, then divide 140,000 USD by 2 giving 70,000 USD. Still a handsome sum.
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Quoting Aussi
{quote} """"There is no strategy in forex that work consistent.""" you think so
No, See my next post. I was referring to Algos used by retail traders. My audience is only retail traders.
Its not a strategy but a skill that you need to perform everyday.

This is why most retailers lose because 1. they dont get the proper education and 2. they think theres a magical strategy that can be applied everyday. NO but the rules of market and why it moves, never change and thus if you understand these rules and acquire the skill level needed then YES you will make money consistently. You either have this skill and make millions or you dont and lose everything. Theres no middle ground. If your education consists of rsi and fibs with second hand news bias?? stop. stop now. Its much more detailed (and accurate) than that. It takes YEARS of the correct education which isnt out there. Theres parts but again NEED THE WHOLE STORY otherwise youre gambling.

Its a disgrace these "educators" are allowed to scam good people. It should be illegal. Not sure why its not. I mean if some wanker was giving out lessons on heart surgery that was clearly wrong hed surely be sued no??

All the scammers out there selling fibs and rsi and bbands are the pricks. Preying on desperate people.
  • Post #465
  • Quote
  • Edited at 4:18am Oct 6, 2019 4:07am | Edited at 4:18am
Quoting josephcom
{quote} It's a big big mistake and tremendous sin that some people do to us. Keeping us hopeful all our lives. There's no chance trading in Forex. I am 99.9999% sure after all those years I wasted to write computer codes, statistics, probability theories, learning about fundamental craps, ... You know what? 5% of traders are losers in Forex? hahaha, another big lie from brokers and system sellers to make us think "OK, I'm gonna stand at 5% side". There's no such a thing. They only publish those figures for 1 financial year. If they expand the period...

controversy is the actual promotion... posts like this are top notch promotion.

Anyways.. until my accounts grow, even slowly, "there's hope".

bye


keep posting, brokers love you.
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here is a two questions

if good traders showed people their account summery say for 5 years
1, what good would it do for other traders

2, how could they use that information to trade better
I LEARNT HOW TO TRADE
Quoting mumarbsc
Here is a strategy to overcome fear, greed, anxiety: 1) Lets suppose you have 1000$ in your account. 2) Make a 1 year plan and set a target number of pips for yourself per trading day: Total Number of trading days = 365 - 2 x 54 = 257 Days (lets say 250 trading days) Let Target number of pips per trading day = 20 Pips 3) Now to overcome fear, you need to have risk management. Good risk management can be to allow for yourself only 0.01 Standard Lot per 100$ equity. So for 1000$ account, allowed number of lots that you can utilize = 0.01 x 1000/100...
I was able to use this discipline for almost 45 days. I was able to tackle rough market situations where 90% retailers were fearing money losses. Then greed knocked me out. And i met with a wipeout. I overcame fear, anxiety, tension, but I was unable to overcome greed.
Quoting Aussi
here is a two questions if good traders showed people their account summery say for 5 years 1, what good would it do for other traders 2, how could they use that information to trade better
I assume they want to see track records because they want to know that if they actually did put in the immense time to study forex, that success is a possibility down the track.

People have already shown track records though, and they're either called liars or the crybabies move the goalposts further away. They will never be satisfied no matter how much data is shown.
Quoting Striped
{quote} I assume they want to see track records because they want to know that if they actually did put in the immense time to study forex, that success is a possibility down the track. People have already shown track records though, and they're either called liars or the crybabies move the goalposts further away. They will never be satisfied no matter how much data is shown.
perfect answer mate
I LEARNT HOW TO TRADE
This thread was initially started, that Traders - or teachers - show their performance curve.

If you ain't doing it, but otherwise just stating what we can already read in thousand other threads - there is a system, you can do it - then you are not obeying thread starters request and just turn this thread into one of the others, that does not show us anything reliable.

If you furthermore say: I do this and that / there is such a system ...
but do not name the system or proof your claim, you are wrong here.
Quoting Striped
{quote} I assume they want to see track records because they want to know that if they actually did put in the immense time to study forex, that success is a possibility down the track. People have already shown track records though, and they're either called liars or the crybabies move the goalposts further away. They will never be satisfied no matter how much data is shown.

I think naysayers are those who actually trade FULL TIME... and they are still doing it in spite of what they preach.

don't ask me why lol
Quoting Fx-Gamer
This thread was initially started, that Traders - or teachers - show their performance curve. If you ain't doing it, but otherwise just stating what we can already read in thousand other threads - there is a system, you can do it - then you are not obeying thread starters request and just turn this thread into one of the others, that does not show us anything reliable. If you furthermore say: I do this and that / there is such a system ... but do not name the system or proof your claim, you are wrong here.
greed as many ways to talk mate
I LEARNT HOW TO TRADE
Quoting Scorp1on1
{quote} There are not that many. about %1 not even %5 This dude for example <a href="https://www.mql5.com/en/signals/597267" target="_blank" rel="nofollow noopener">https://www.mql5.com/en/signals/597267</a> makes about $20000 monthly from signal memberships, winning rate is &gt; %98, DD% about 10..
Did you subscribe to this signal? I mean.. 98%.. everybody and their dog should (be) subscribe(d) to this signal, even GS!
..
Quoting ArbitragAcid
{quote} So where do all these losses go? Who wins all that cheddar? Surely SOMEONE is winning if there is such a mountain of losses piling up.


It's very simple.
The largest amount of the lost retail capital (50%+) goes straight into the pockets of the market makers in the form of Bid-Ask spread! The other large part goes to the brokers in the forms of commissions and the smallest part goes to the temporary winners which eventually will return this small profit back to the brokers and the market makers.

You see, it's a perfect system. It's a business, but not for the retail trader!
The speculative Forex trading for the average trader is basically the same as gambling in a casino. The more you trade - the more you loose.
Your account is depleted at a rate which on average equals the cost of trading.
For example if you have 1000 in the account and you trade EURUSD with 0.5 pips spread and 0.5 pips commission and with average volume of 1 Lot it will take on average only 100 trades to lose 100%.
Quoting alphaomega
{quote} It's very simple. The largest amount of the lost retail capital (50%+) goes straight into the pockets of the market makers in the form of Bid-Ask spread! The other large part goes to the brokers in the forms of commissions and the smallest part goes to the temporary winners which eventually will return this small profit back to the brokers and the market makers. You see, it's a perfect system. It's a business, but not for the retail trader! The speculative Forex trading for the average trader is basically the same as gambling...
i agree that it is a business and the business takes a lot of peoples money , but their is some traders getting a bit of the
I LEARNT HOW TO TRADE
Quoting ArbitragAcid
{quote} So where do all these losses go? Who wins all that cheddar? Surely SOMEONE is winning if there is such a mountain of losses piling up.
No, in the long run, no one wins.
To be more precise, the more time a player spends playing the more likely he/she will lose.

Those statistics (75% losers Vs 25 % winners) conveniently provided by the brokers are hiding the most essential issue.
First of all from the get go only 1 chance in 4 to be on the winning side.
Second, after about 3 years ... 100 % losers

Check it yourself. You can use the financial data from public companies like FXCM
1) Total customer fund at the beginning of period minus ending total customer fund at the end of the period.
2) do not include new accounts during the period.

On average, for any time period, the agregated customer funds shows a LOSS that is equal or greater than the total transaction cost for the period.

It's a casino. The business model is disturbingly similar.

No wonder brokers are always looking for "new customers", on a positive note there is a huge problem going on that it's getting more and more expensive to get new customers to replace the ones that have left due to "account depletion".
Quoting Mingary
{quote} No, in the long run, no one wins. To be more precise, the more time a player spends playing the more likely he/she will lose. Those statistics (75% losers Vs 25 % winners) conveniently provided by the brokers are hiding the most essential issue. First of all after about 3 years ... 100 % losers Check it yourself. You can use the financial data from public companies like FXCM 1) Total customer fund at the beginning of period minus ending total customer fund at the end of the period. 2) do not include new accounts during the period. On average,...
i have shares in some of these companies mate
I LEARNT HOW TO TRADE
May i ask what are you guys doing on this forum if you think making profit in the long run is impossible? lol
Necessity knows no law except to conquer
Quoting Aussi
{quote} i have shares in some of these companies mate
Good move. That's where the money is (;
Quoting 3ndlessHope
May i ask what are you guys doing on this forum if you think making profit in the long run is impossible? lol
thats not what i am thinking and know
I LEARNT HOW TO TRADE
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