Failure in Forex is a certainty! Prove me otherwise... | Forex Factory

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Failure in Forex is a certainty! Prove me otherwise...

  • #1
  • First Post: Edited 8:30pm Feb 19, 2020 8:07pm | Edited 8:30pm
Lol in response to this thread: https://www.forexfactory.com/showthread.php?t=934304
It's like proving a negative: "Prove to me Jebus ISN'T real, therefore he is!!" Makes no sense.
But unlike OP of said thread, I myself can prove to you, you can't beat the market. Try me.
  • #2
  • Feb 20, 2020 10:33am Feb 20, 2020 10:33am
ok tell me.
  • #3
  • Feb 21, 2020 2:54am Feb 21, 2020 2:54am
Sure, the reatail forex trader has chose to trade what is certainly one of the most difficult markets. Without the proper software tools at hand for most of them (depth of market based tools, real time news) the prospects are dismal. Tools like Metatrader and what you have, are a joke. Basically only ratail traders look at time-based charts etc. Failure is to be expected.
Return To Disorder
  • #4
  • Feb 21, 2020 2:55am Feb 21, 2020 2:55am
Quoting rockit
Sure, the reatail forex trader has chose to trade what is certainly one of the most difficult markets. Without the proper software tools at hand for most of them (depth of market based tools, real time news) the prospects are dismal. Tools like Metatrader and what you have, are a joke. Basically only ratail traders look at time-based charts etc. Failure is to be expected.
Now we're gettin' somewhere hehe
  • #5
  • Feb 21, 2020 12:53pm Feb 21, 2020 12:53pm
Quoting guttsman007
{quote} Now we're gettin' somewhere hehe
Forex is where big player such as hedgefund, institution, banks hedging their assets.
They are like shark and retailers are like sardines.
Of course millions of retailers will be eaten by a single shark.
In forex there are many many shark
I do not recommend anything, please blame me not. Thanks
  • #6
  • Feb 21, 2020 1:53pm Feb 21, 2020 1:53pm
Quoting guttsman007
Lol in response to this thread: https://www.forexfactory.com/showthread.php?t=934304 It's like proving a negative: "Prove to me Jebus ISN'T real, therefore he is!!" Makes no sense. But unlike OP of said thread, I myself can prove to you, you can't beat the market. Try me.
This is easy to prove to you. If you think forex is for certain a 100% failure rate for you, then all I need to do is take the opposite side of every trade you do and that means i'm guaranteed to win. And that means there is no 100% failure rate in forex. Now i've proven it, do i win something?
  • #7
  • Feb 21, 2020 4:46pm Feb 21, 2020 4:46pm
Quoting weitseng45
{quote} This is easy to prove to you. If you think forex is for certain a 100% failure rate for you, then all I need to do is take the opposite side of every trade you do and that means i'm guaranteed to win. And that means there is no 100% failure rate in forex. Now i've proven it, do i win something?
He try to generalize all retail trader.
But it's not 100% wrong. Let's say if a kid try to drive car without knowledge and practice. Of course most retail trader mindset is not about trading but gambling because they know not what they do
I do not recommend anything, please blame me not. Thanks
  • #8
  • Feb 22, 2020 2:56am Feb 22, 2020 2:56am
Failure in Forex is a certainty!
True.
But the statement should be: Failure in Retail Forex Trading is a certainty!
As we all know the "casino" is doing quite well, but not the poor mugs who visit it...

Considering the industry facts on the matter and using simple logic one can conclude the following:

When new traders come into the game:
1) they lose and quit
2) they lose at first and then become winners
3) they keep on losing and don't quit

if 1) then there are no winners in this game long term
if 2) then the game contains a high percentage of winners long term
if 3) then the game is made up of a high percentage of losers long term

Since 2) is clearly not an actual fact, then only 1) and 3) can be true.
  • #9
  • Feb 22, 2020 3:49am Feb 22, 2020 3:49am
Quoting Mingary
Failure in Forex is a certainty! True. But the statement should be: Failure in Retail Forex Trading is a certainty! As we all know the "casino" is doing quite well, but not the poor mugs who visit it... Considering the industry facts on the matter and using simple logic one can conclude the following: When new traders come into the game: 1) they lose and quit 2) they lose at first and then become winners 3) they keep on losing and don't quit if 1) then there are no winners in this game long term if 2) then the game contains a high percentage of...
You are correct. I should've titled this Failure in Retail Forex Trading is a certainty! Institutions and professionals already know the game they're playing, and they aren't playing with silly charts.
  • #10
  • Feb 22, 2020 3:51am Feb 22, 2020 3:51am
Quoting weitseng45
{quote} This is easy to prove to you. If you think forex is for certain a 100% failure rate for you, then all I need to do is take the opposite side of every trade you do and that means i'm guaranteed to win. And that means there is no 100% failure rate in forex. Now i've proven it, do i win something?
Sorry but no. And since you're a new member, I'm guessing you're here to troll and push the inversion narrative, or you're one of those people that think they can turn a losing system/method/EA into a winning one simply by just reversing the trade. Sorry, beep! Wrong answer! Next!
  • #11
  • Feb 22, 2020 2:15pm Feb 22, 2020 2:15pm
LOL. You need to look at the math behind it. You know brokers take the other side of losing accounts and that's how they make money. Might want to rethink things!
  • #12
  • Feb 22, 2020 2:23pm Feb 22, 2020 2:23pm
Quoting guttsman007
{quote} Sorry but no. And since you're a new member, I'm guessing you're here to troll
I've been here since 2014 and I would agree 100% with him. Which might I add is 4 years longer than you. You are generalizing, trolling yourself because you know everyone doesn't lose or you wouldn't be here yourself and you would just leave. Hoping you do, we don't need the negativity. Mods, get rid of this guy.
  • #13
  • Feb 22, 2020 5:26pm Feb 22, 2020 5:26pm
Quoting appletrader
{quote} I've been here since 2014 and I would agree 100% with him. Which might I add is 4 years longer than you. You are generalizing, trolling yourself because you know everyone doesn't lose or you wouldn't be here yourself and you would just leave. Hoping you do, we don't need the negativity. Mods, get rid of this guy.
Ah it's so nice to see people telling me what to do on my own thread. And you win a prize! Yay! Your prize: you won't be bothering this thread ever again. This my friends is the ultimate example of the "inversion narrative". It feeds into your inability to accept the inevitable. What others have already stated here so far have already given you a hint. Let's break down this douchb$g's statement bit by bit.

"I've been here since 2014 and I would agree 100% with him. Which might I add is 4 years longer than you."
And for what reason should I or anybody care how long you've been here? Surely you don't think that I'd bow to someone who's been in a public forum for six years do you? 2 years, 4 years, 10 years, time is absolutely irrelevant in forex. If you've been trading for 15 years and can't pull 100% gain in less than a month's time (depending on account size of course then joke's on you.

"You are generalizing, trolling yourself because you know everyone doesn't lose or you wouldn't be here yourself and you would just leave."
I like this guy. He went straight into assumptions. Didn't bother to defend the claims he's making against me: You are generalizing, You are trolling..., You know.... Better post why you think your assumptions and claims are correct before you go mouthing off. If you even bothered to read my reply to good ole' Mingary, I corrected myself and was referring to retail traders. But you're partially right about me knowing everyone doesn't lose. It's just not on the retailer's poor end. And no I would NOT just leave, I do what I want. Who're you to tell me what to do?

"Hoping you do, we don't need the negativity. Mods, get rid of this guy."
Aww, did I hurt your feelings? Need a cookie? Me like it when this douche says "Mods, get rid of this guy." like he has power. XD So it's okay if someone puts up a little thread titled, "Forex is Easy! Prove me otherwise...." in a public forum but when someone likes me opens up a counter-thread I'm told to hush up? And to go away, on my own thread??!! Hope you guys got all that fella's, inversion narrative at it's finest, and lots, I mean lots of counter-party risk. Do your own diligence!
  • #14
  • Feb 22, 2020 5:30pm Feb 22, 2020 5:30pm
Quoting weitseng45
LOL. You need to look at the math behind it. You know brokers take the other side of losing accounts and that's how they make money. Might want to rethink things!
Ah okay okay I see. You weren't referring to retails in your original statement then, yes? I agree, brokers can and do take the other side of your trade either to mitigate risk, manage their inventory, make money, or all three. I recommend you anybody else who's new to trading to watch this seminar in full:
Inserted Video
It really is an eye-opener. Now, I want someone to try to disprove Anton Kreil if they think otherwise, I'd like to hear their story XD
  • #15
  • Feb 22, 2020 5:56pm Feb 22, 2020 5:56pm
I watched that video years ago, and while it does provide some interesting points by Anton, it in no way proves that you are guaranteed to fail trading Forex.

Why do you think forex is a 100% guaranteed failure for retail traders?

Can you give some points to back this up?
  • #16
  • Feb 22, 2020 6:20pm Feb 22, 2020 6:20pm
Quoting viptrading
I watched that video years ago, and while it does provide some interesting points by Anton, it in no way proves that you are guaranteed to fail trading Forex. Why do you think forex is a 100% guaranteed failure for retail traders? Can you give some points to back this up?
No you're right. It doesn't prove that you are guaranteed to fail forex, COMPLETELY, but the majority are guaranteed to fail due to counter-party risk and misinformed traders. Retailers are after all the last to get the most important info. I could prove it BUT I'm so bored, joke. Jokes aside, title of this thread is in response to another thread, so I should be the one asking for proof, not the other way around. I might chime in why retailers stand absolutely and utterly no chance in hell at winning in forex, at least in the long-term depending on how this thread goes. Right now, it's way too early and nobody's proved yet why retailers can or will be successful. So I'm all ears.
  • #17
  • Feb 22, 2020 6:56pm Feb 22, 2020 6:56pm
Quote
I myself can prove to you, you can't beat the market. Try me.

I assumed you would be the one proving something to us here based off that comment.

Also, I read through and even commented on that other thread. It is overly optimistic which is just as bad if not worse than what you are saying.

Forex trading is not easy as the other thread suggests and anyone who says that is either a genius or a new trader ignorant to the difficulties of maintaining long term profitability.

That being said, I wonder why you are so pessimistic towards trading? I mean, yeah it is hard. The odds are stacked against you, but if you aren't willing to try and get around the odds then you should just give up now.

It is hard as a retailer trader but it is possible, and it gets easier as you go and the more work you put in. Eventually you can get to the institutional level, possibly have your own fund one day, etc. None of that is easy but some of the big institutional level traders started at retail just like us.

It's like saying, becoming a professional soccer player is impossible. It's not, it's just really hard and there is a lot of competition. And your not going to get there with your charts alone.
  • #18
  • Feb 22, 2020 7:42pm Feb 22, 2020 7:42pm
Quoting viptrading
{quote} I assumed you would be the one proving something to us here based off that comment. Also, I read through and even commented on that other thread. It is overly optimistic which is just as bad if not worse than what you are saying. Forex trading is not easy as the other thread suggests and anyone who says that is either a genius or a new trader ignorant to the difficulties of maintaining long term profitability. That being said, I wonder why you are so pessimistic towards trading? I mean, yeah it is hard. The odds are stacked against you,...
Oh yes, I apologize. I guess that comment was misleading. Fear not, as said in the previous comment, I will chime in what I know, what I have, and what I use(don't ask for it when I show it, it's not mainstream) and show you why you can't beat the market, at least on the retailer's playing field once the thread starts lookin' juicy! Grass on the other hand is a lot greener on the other side. Me being pessimistic, well, I'm an intraday trader/scalper for two years, that means I look at lower timeframes day in and day out. I'll link this here: go read it(just the original post not comments) so you can see where I'm coming from: https://www.forexfactory.com/showthread.php?t=904876 although my knowledge around the market has expanded greatly since then so that's just an incomplete form from November.

Is this a claim I'm reading? "It is hard as a retailer trader but it is possible, and it gets easier as you go and the more work you put in. Eventually you can get to the institutional level, possibly have your own fund one day, etc. None of that is easy but some of the big institutional level traders started at retail just like us." Because if it is, you know what I'm gonna ask you don't you?
  • #19
  • Feb 22, 2020 8:08pm Feb 22, 2020 8:08pm
Not a claim, just my two cents on this matter.
  • #20
  • Feb 23, 2020 2:00am Feb 23, 2020 2:00am
Quoting guttsman007
{quote} Because if it is, you know what I'm gonna ask you don't you?
I try to understand you. I think what you need is mentor or someone who have successful background that can explain you in the way your logic can accept it. Am I correct?
But he need to prove you first that you were wrong in real account and tell you how market behave.
I was thinking the same this way 5 years ago.
I do not recommend anything, please blame me not. Thanks
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