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Forex - A negative sum game for losers

  • #461
  • Sep 12, 2020 3:26am Sep 12, 2020 3:26am
Quoting HudithePfupf
{quote}
4. While a long term profitiable forex retail trader with an approach based on price prediction is theoretically possible, all data so far proves beyond the slightes doubt that such a trader doesn't exist in reality.
You cant eat your cake and have it sir...you cant say its theoretically possible and then say beyond a doubt it doesnt exist..
  • #462
  • Sep 14, 2020 7:27am Sep 14, 2020 7:27am
For all newbies clear to see.... call them out on their lies and they go quickly into overdrive.
Regulation will catch up and close in on you guys. So get ready for....

- further reduction of leverage
- outright marketing bans
- raising costs to lure in a new vicitm
- increased regulation
- more and specific regulation on affilate marketing
- .....
  • #463
  • Sep 14, 2020 7:39am Sep 14, 2020 7:39am
Quoting yanetjellen
{quote} ...
So a little troll out of Drolph's signal seller universum crawls out of mums basement to unload his frustration.

Still hurts to get caught, doesn't it?
  • #464
  • Sep 14, 2020 8:48am Sep 14, 2020 8:48am
Quoting Thoughts
{quote} You cant eat your cake and have it sir...you cant say its theoretically possible and then say beyond a doubt it doesnt exist..
If you have let's say 15 years price data of Eur/USD data in front of you, you could certainly curve fit many strategies that would have generated a lot of profit over this time periode.

So theoretically you could have come up with a system at the beginning of the periode. However, so far all scientific studies based on real account data showed that there isn't a single retail trader that came up and applied such a strategy (or multiple strategies) successfully over such a time frame successfully.

Doing it is theoretically possible but with an extremly low probability. Always keep in mind, the few winners over a certain time periode always win far less combined the all the losers combined in the same periode. The diffrence between the two groups is mainly trading costs. A simple mathematical efficient market model explains and correleates extremely well with how fast an average retail trader loses money.
  • #465
  • Sep 14, 2020 10:22am Sep 14, 2020 10:22am
Quoting HudithePfupf
{quote} If you have let's say 15 years price data of Eur/USD data in front of you, you could certainly curve fit many strategies that would have generated a lot of profit over this time periode. So theoretically you could have come up with a system at the beginning of the periode. However, so far all scientific studies based on real account data showed that there isn't a single retail trader that came up and applied such a strategy (or multiple strategies) successfully over such a time frame successfully. Doing it is theoretically possible but with...
Retail Forex exist for one reason only - to transfer money from the accounts of the poor people/fools to the accounts of the smart and rich. That's it.
They (the sell side) only allow us (the small guys) to trade this market because they can get our money almost risk free. It's easy money for them.
  • #466
  • Sep 14, 2020 10:35am Sep 14, 2020 10:35am
Quoting edge540
{quote} Correct,but I do know this about you,you are not a successful trader.I'm not "a full on negativity person" rather a full on realist. Keep dreaming and deluding your self about the dream of success in forex...it won't happen.
Again, you don't know anything about me. I don't even trade FX. But I know for sure you are a negative person just looking at your posting history. People who are unsuccesful (in any business) tend to claim that because it didn't work for them it cannot work for anyone else. So we can say for sure you didn't find any success trading and now you're trying to poison the well for everyone else.
  • #467
  • Sep 14, 2020 5:03pm Sep 14, 2020 5:03pm
Quoting mades
{quote} Again, you don't know anything about me. I don't even trade FX. But I know for sure you are a negative person just looking at your posting history. People who are unsuccesful (in any business) tend to claim that because it didn't work for them it cannot work for anyone else. So we can say for sure you didn't find any success trading and now you're trying to poison the well for everyone else.
Let us hold hands and sing "Kumbaya my Lord"...exorcise the negativity blah,blah,blah....
  • #468
  • Sep 17, 2020 10:08pm Sep 17, 2020 10:08pm
traders fail for two reasons

1- think they are sometimes right
the truth are ALWAYS wrong

2- close their losses very quickly (just what the brokers want)

So...

know that you will ALWAYS be wrong and that you will not close your losses so fast

start thinking like that and you will have extra income for the rest of your life
  • #469
  • Sep 18, 2020 5:22am Sep 18, 2020 5:22am
Yeah I have been a profitable trader for six years.

I doubt any of the people who have ever asked for help from me are still trading.

Because they all lacked the ability to help themselves and approach this with the right mindset to begin with.
Love to talk on Discord: DividendGamer#1324
  • #470
  • Sep 18, 2020 7:37am Sep 18, 2020 7:37am
Let me guess: the OP can´t trade for his life
  • #471
  • Sep 18, 2020 7:40am Sep 18, 2020 7:40am
Quoting b4rhep
traders fail for two reasons 1- think they are sometimes right the truth are ALWAYS wrong 2- close their losses very quickly (just what the brokers want) So... know that you will ALWAYS be wrong and that you will not close your losses so fast start thinking like that and you will have extra income for the rest of your life

Actually no. The majority of traders fail because the majority of people is too lazy to study and practice til develop mastery, they just want an indicator to turn green so they can buy, or red to sell. Also because of the shitty retail trader education that keeps pushing that "classic TA" trading systems of combining different indicators with candlestick patterns and chart patterns.
  • #472
  • Sep 18, 2020 9:54am Sep 18, 2020 9:54am
I guess nobody here is able to do what this girl is doing. It's not about what you can or can't, it's about what you are willing to put in to learn it. Forex trading (and even what this girl is doing) is learnable, for almost everybody.
Inserted Video
  • #473
  • Sep 18, 2020 10:06am Sep 18, 2020 10:06am
Quoting Retep
I guess nobody here is able to do what this girl is doing. It's not about what you can or can't, it's about what you are willing to put in to learn it. Forex trading (and even what this girl is doing) is learnable, for almost everybody. https://youtu.be/l29l7gx70CI
she must have fallen a few times
  • #474
  • Sep 18, 2020 2:30pm Sep 18, 2020 2:30pm
So are we supposed to not trade? Or just not lose?
  • #475
  • Sep 18, 2020 5:54pm Sep 18, 2020 5:54pm
let's continue, buying low and selling high

if it goes wrong, averaging down

if it continues to go wrong, we will stop slowly and hedge
  • #476
  • Sep 18, 2020 6:09pm Sep 18, 2020 6:09pm
Quoting b4rhep
let's continue, buying low and selling high if it goes wrong, averaging down if it continues to go wrong, we will stop slowly and hedge
I think almost correct.
Buy low or Sell high, but hedge immediately a signal is wrong and wait for the next high probability signal to present itself. If they don’t come quickly within the same trading session, cut the trade.
It really is that easy to win every day but only if you have discipline and no fear.
Trading thin liquidity at the boundary of the charts
  • #477
  • Oct 30, 2020 5:54am Oct 30, 2020 5:54am
Australia will induce leverage cap and negative balance protection.

https://fxnewsgroup.com/forex-news/r...#comment-22034

Took a very long time but finally the coin dropped.

Now Switzerland is one of the few countries without similar protection for retail fx traders.
That is a shame for FINMA - they need an other disaster like the SNB tsunami with extrem damage before they learn the lesson.

If this happens, they clearly failed as a regulator, because ESMA and now ASIC, the CFTC and the Japanese regulator have introduced leverage caps long ago because auf very clear evidence that retail fx customers get fleezed in an epic way, especially if they use high leverage.

FINMA - act now!
  • #478
  • Oct 30, 2020 6:13am Oct 30, 2020 6:13am
Oh look, selective perception Hudi is making the world the way he would like it to be again. Sweet.

https://www.financemagnates.com/fore...ear-into-esma/

"very clear evidence" -> Hudis world.

"no effect" -> truth.

Sorry to crumble your cookie once again.
  • #479
  • Nov 16, 2020 7:29am Nov 16, 2020 7:29am
Quoting Drolph
Oh look, selective perception Hudi is making the world the way he would like it to be again. Sweet. https://www.financemagnates.com/fore...ear-into-esma/ "very clear evidence" -> Hudis world. "no effect" -> truth. Sorry to crumble your cookie once again.
Drolphy.... how is your worthless signal selling business going?

The only thing you can read out of this finance magnates article is that retail forex traders still massively overleverage even under the new rules. That is the main reason for the slightly better but still catastrophic outcomes. This is no surprise. Since it is a negative sum game in the retail traders perspective... he will lose anyway no matter what. But with lower leverage it will take a little bit longer..... as confirmed by the findings in the article you listed. All those who cry about the leverage reductions, they are simply gambling.... certainly not trading.

A professional trader will very rarely take more leverage than 5 and he will risk a very small percentage per trade.

So keep crying, but you won't fool regulators and they will likely further tighten the leverage rules in the future.

And since you somehow ask for it. To all who follow drolph on myfxbook or here on FF. His current litforce system does look a lot like a standard mean reversion system using averageing down and warehousing risk. Therefore he hides open trades (better renamed to open negative positions). He will have a relatively smooth ride upwards and finally the whole thing collapses within a few days. Furthermore his biggest loss so far is bigger than this biggest win. Just look at the win / loss distribution and you see what he is cooking there. I see no progress.... you are still in the hamsterwheel.
  • #480
  • Nov 16, 2020 7:53am Nov 16, 2020 7:53am
An here the overview July 2019 on how bad the situation really is for retail traders:

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