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has anyone EVER seen a successful trader/trading system?

  • #1,381
  • Mar 31, 2020 2:15am Mar 31, 2020 2:15am
Quoting HudithePfupf
{quote} Of course he is open to teach his method....because that is the only way he can make money. Every student he is able to channel to his broker pal will earn him 600 - 1000 USD directly and up to 40% revenue share afterwards till the deposit of the new sucker is gone, which will be the case in a few months timeframe. Here an example what you get as a snake oiler.... https://www.forexreferral.com/forex All the retail forex teachers, shovel sellers, EA sellers, etc etc are your enemies. They directly prey on your hard earned money...
well you know Forex doesn't pay that much, even if you're very successful, you got rent, bills to pay, and I think he uses most his profits to just live day by day...
the account results he shows have 4 digits usually. But he gets quality of life and freedom from a 9 to 5

also currency strength strategies are SLOW, you don't earn a lot quickly

so a little bit of extra money is always good

but i agree most EA sellers, teachers, etc are scammers. But some are not I guess
  • #1,382
  • Apr 2, 2020 8:21pm Apr 2, 2020 8:21pm
Quoting ecryptom
has anyone EVER seen a successful trading system? i wonder ...
There's no successful trading system. Why? Cuz it can't trade itself to success. Duh.

It needs a trader to make it successful. What makes a trader successful is to successfully use a system. This idea is that simple but no one seems to get it. lol

That's why the failure rate is so high. It's not because the system isn't any good in giving you lots of great trades, it's because you quit on the system since it wasn't meeting up to your expectations.

The problem with failing traders is that they're failing to remove expectations of what the market should give them.
  • #1,383
  • Apr 2, 2020 10:39pm Apr 2, 2020 10:39pm
I will make some comments on your points. Just my opinion.

Financial market is a zero sum game. Period. If someone gives away their edge, very soon the system will stop working.

I dont believe in such thing as FX teachers. People might give you (GIVE you for free) their insights and ideas but they wont teach you how to trade, neither have to provide you any proof. I am sure if there is any trader (as in, live of trading) reading this, they would be just smiling and turning the page. Why would I sell my "winning" strategy? I would just make money with it. Right? And that's what they are doing.

I started my way on the FX market around 12 years ago. Just like you, I tried EVERYTHING that I possibly could. Hundreds of EAs and indicators. The last drop for me was after I built an EA using range bars that turned $100 into $100000 weakly in EVERY instrument I tried on for over 5 years, on backtesting (I might still have the reports), but when I put to run on real life, the result was very different. Then I started to look for all the reasons why that was happening and honestly, I just had enough of all that sh*t. Forex is unregulated, scam brokers everywhere, stop hunting, market makers, widening spreads, slipage, the rules of this game are a bit unfair. Alot was going on in my life and I just quit for awhile. I am now settle on another country and I am slowly coming back to the market. (I am only reading this because I am in lockdown)

About your post 632, yes. I have seen the EXACT same post around 8 years ago on another forum... It took you three years but you got it that technical analysis is falacy. It took me a couple years as well before an older trader told me. People move the prices, not lines on the chart. Players wont buy or sell because the Fibonacci level 38 says so... they have much better reasons, more informations, better tools, more knowledge of what is happening. I am not saying nobody can make money using technical analysis, I am just saying the big players wont open gigantic positions based on an oversold RSI 14 periods on H4 chart. But hey, if someone claim they can look at a naked chart and tell where the price is going for years and years I will just say "ok", it might be truth or not. Is not up to me to judge.

I think perhaps, you are thinking of fx on a wrong way. You said "I am one of the best computer programmers you can see in your life; I'm absolutely good when it comes to mathematics and statistics/probability theories". That might not mean much on this game. And you are the proof of it. Think about it.

Anyway, answering your question, I believe there are sucessful traders out there, yes. So from here is your choice, keep trying or go do something else with your life.
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #1,384
  • Apr 2, 2020 11:09pm Apr 2, 2020 11:09pm
Quoting room217
So from here is your choice, keep trying or go do something else with your life.
Based on trading stats and logic people should not keep trying, quit and do something else is the obvious choice. Mingary is right. Market WILL convince eventually.
Know what you trade
  • #1,385
  • Apr 2, 2020 11:47pm Apr 2, 2020 11:47pm
Quoting BWilliam
{quote} Based on trading stats and logic people should not keep trying, quit and do something else is the obvious choice. Mingary is right. Market WILL convince eventually.
based on logic, and Mingary,
ppl should commit suicide, bcos dying is inevitable anyway, eventually.
Mingary is right, everyone will die!

in the meantime, somewhere else,
a kid building a sandcastle on the beach. he is 4, knows all the basics he needs to know. pile the sand high, shape a tower, put a wall around.
the parents watch as passers-by compliment the kid how cute he is. and he got all he needs to his castle to start to build, sand is everywhere, easy to start out, and if not a nice castle, move to the next spot to try again. after all only takes a couple minutes to whip up a castle, at 4.
that castle isn't built solid. even if the kid thinks it is strong enough and beautiful, it takes just 1 wave to destroy. maybe two waves.
not one passing by calling the kid a master builder or a stonemason though.
that would be deemed ironic or silly by the parents and others.
wont serve the kid.
he needs to learn the truth one point.
it is possible to build a castle.
but it takes a lot more than beach sand.

happy trading!
there is always, always another trade!!
  • #1,386
  • Apr 3, 2020 12:08am Apr 3, 2020 12:08am
Quoting profitfarmer
he needs to learn the truth one point. it is possible to build a castle.
You miss out telling one vital point in your long worded analogous write up about the truth. Deliberate or ignorance idk.

The failure statistics.

That's the probability of the possibility you refer to.
Know what you trade
  • #1,387
  • Apr 3, 2020 12:16am Apr 3, 2020 12:16am
This problem should be considered as follows: with a successful trading system, you can make a lot of money by increasing your own funds. Why would you sell? Why tell everyone when you have a successful deal? So I don't think any automatic selling is credible
  • #1,388
  • Apr 3, 2020 12:18am Apr 3, 2020 12:18am
Quoting kamiu363
This problem should be considered as follows: with a successful trading system, you can make a lot of money by increasing your own funds. Why would you sell? Why tell everyone when you have a successful deal? So I don't think any automatic selling is credible
That's simple logic.

When red diamond members come on forum to tell how good traders they are be equally wary of them.
Know what you trade
  • #1,389
  • Apr 3, 2020 12:26am Apr 3, 2020 12:26am
Quoting BWilliam
{quote} You miss out telling one vital point in your long worded analogous write up about the truth. Deliberate or ignorance idk. The failure statistics. That's the probability of the possibility you refer to.
said it, next line.
takes more than "beach sand".

but to the point: demo account, anything 1-2-3-4 digit = child playing in the sand.
cute.
lightyear from a stonemason.

but for saving some egos from shattering ( a general reference), on the forum everyone is a "trader", and all is equal opportunity.
this is a 'safe place' for many.
and an illusion the "parents" and the kind "passer-by" uphold, for the "child".
i don't want to take the illusion away from anyone, would be rude. but there is time one need to face the truth and decide what he really want out from this "trading".

ps. replied to your line, but not intended to address to you directly. if long worded, stone me for it.
there is always, always another trade!!
  • #1,390
  • Apr 3, 2020 12:30am Apr 3, 2020 12:30am
Quoting profitfarmer
{quote} said it, next line. takes more than "beach sand". but to the point: demo account, anything 1-2-3-4 digit = child playing in the sand. cute. lightyear from a stonemason. but for saving some egos from shattering ( a general reference), on the forum everyone is a "trader", and all is equal opportunity. this is a 'safe place' for many. and an illusion the "parents" and the kind "passer-by" uphold, for the "child". i don't want to take the illusion away from anyone, would be rude. but there is time one need to face the truth and decide...
Trading is not child play to the trader.
Whether real money or demo.

Money lost.
Time lost.
Work, study opportunity lost.
Broken lost relationships.

The list goes on...
Know what you trade
  • #1,391
  • Apr 3, 2020 12:47am Apr 3, 2020 12:47am
Quoting Tbucks
If anyone needs help with trading let me know.. I've seen so many posts with guys struggling... I'm new here and totally understand you might think im a scammer.. Imfuckin not.. Lets all get on zoom and i can show you.. I've been trading for 27yrs.. B4 even computers were around... So i do have a little experience but still learning anyway regards tt
unable to send you a message sir looks like your message settings are disabled,i would be grateful to you of you could help me with my trading
  • #1,392
  • Apr 3, 2020 1:24am Apr 3, 2020 1:24am
Now the virus is rampant. Do you develop trading systems at home? Sometimes I feel that the real account and demo are two accounts... Maybe there are different attitudes when trading, and they are far away from the primary traders, so they are not suitable for trading. Give up the deal and find the sunshine outside
  • #1,393
  • Apr 3, 2020 1:33am Apr 3, 2020 1:33am
Quoting BWilliam
{quote} Trading is not child play to the trader. Whether real money or demo. Money lost. Time lost. Work, study opportunity lost. Broken lost relationships. The list goes on...
Ha-ha. That's right. However, it may be a small advantage to be able to trade after work in Asia. In China, the individual trading behavior of foreign exchange transactions and CFD contracts is not allowed by law, and any account opened by us abroad can not be guaranteed, although there are still people who risk opening an account. Cheating exists in every corner of the world. Fake EA, brokers, all we do is understand...
  • #1,394
  • Apr 3, 2020 1:35am Apr 3, 2020 1:35am
Quoting Tbucks
If anyone needs help with trading let me know.. I've seen so many posts with guys struggling... I'm new here and totally understand you might think im a scammer.. Imfuckin not.. Lets all get on zoom and i can show you.. I've been trading for 27yrs.. B4 even computers were around... So i do have a little experience but still learning anyway regards tt
Trading for 27yrs? That's a very long time/experience. You can reply to threads sharing your insight and trade opportunities I am sure many will find them useful. Or you can start your own thread and share, you could be a prayer answered to many traders here trying to find there way through. Welcome to forex factory
Wanna succeed? Never Give Up.
  • #1,395
  • Apr 3, 2020 1:37am Apr 3, 2020 1:37am
claims without proofs are just claims
and i dont see any successful trading system
Everything flows. Learn to Earn.
  • #1,396
  • Apr 3, 2020 1:44am Apr 3, 2020 1:44am
Quoting Chemistry102
I agree with everything posted in the first post. I have taken countless course from countless self-proclaimed gurus, and all have turned out to be frauds. Not a single one would actually show an account statement. After-the-fact trades were cherry picked to prove the methodology. I have had some months of 5-10% gains that were followed by stressful drawdowns. To me, using minimal leverage is the key. I have not blown an account in 4 years, but I have come close. I am running a few EAs on demo accounts, and I feel that EAs are the way to go. In...
Do these include your list of "countless course and countless gurus"?. I would appreciate an answer. Thanks in advance.

https://dailypriceaction.com/
https://2ndskiesforex.com/
Patience and Discipline, these are the Holy Grail.
  • #1,397
  • Apr 3, 2020 2:31am Apr 3, 2020 2:31am
Quoting profitfarmer
{quote} based on logic, and Mingary, ppl should commit suicide, bcos dying is inevitable anyway, eventually. Mingary is right, everyone will die! in the meantime, somewhere else, a kid building a sandcastle on the beach. he is 4, knows all the basics he needs to know. pile the sand high, shape a tower, put a wall around. the parents watch as passers-by compliment the kid how cute he is. and he got all he needs to his castle to start to build, sand is everywhere, easy to start out, and if not a nice castle, move to the next spot to try again. after...
"but it takes a lot more than beach sand."
Certainly, in retail forex in particular; there is no evidence for it unless one is smart enough and lucky enough to quit before giving it all back and then some ...
  • #1,398
  • Apr 3, 2020 2:43am Apr 3, 2020 2:43am
Quoting Mingary
{quote} "but it takes a lot more than beach sand." Certainly, in retail forex in particular; there is no evidence for it unless one is smart enough and lucky enough to quit before giving it all back and then some ...
Still looking for proof that money can be made in retail forex? No wonder a succesful trader would not want to be your friend. Mingary, you will never find your proof and your propoganda in the form of stating your opinions as facts (very popular in certain political figures) is actually insulting to even the lowly in intelligence.

Your continual droning is boring and I wonder if you are being paid 10 cents a post?
Gone to a better place
  • #1,399
  • Edited 7:13am Apr 3, 2020 6:33am | Edited 7:13am
Quoting smikester
{quote} Still looking for proof that money can be made in retail forex? No wonder a succesful trader would not want to be your friend. Mingary, you will never find your proof and your propoganda in the form of stating your opinions as facts (very popular in certain political figures) is actually insulting to even the lowly in intelligence. Your continual droning is boring and I wonder if you are being paid 10 cents a post?
"if you are being paid 10 cents a post"
No I do not get "10 cents a post"
But this remark from you, tells me you have a vested interest in seeing "good PR"
You know as well as I do that the retail forex industry is in big trouble, it's getting ever more difficult and more expensive to find new customers. Due to increased regulations in the developed countries, the "third world" countries are getting preyed upon more than ever..
  • #1,400
  • Apr 3, 2020 11:17am Apr 3, 2020 11:17am
Since you are claiming to be proficient in mathematics and programming, I`d reccommend investigating about Jim Simons and Renaissance Technologies.
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