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What have you learned?

  • #121
  • Mar 13, 2021 2:52am Mar 13, 2021 2:52am
Learn to play a system, not the market ...
Market is not random but unpredictable
  • #122
  • Mar 13, 2021 1:56pm Mar 13, 2021 1:56pm
Quoting 4for4
Learn to play a system, not the market ...
That's funny, I always thought it was the other way around.
If you are good at something, never do it for free--Joker
  • #123
  • Mar 13, 2021 9:23pm Mar 13, 2021 9:23pm
Quoting jmn5611
{quote} That's funny, I always thought it was the other way around.
Good luck with that ...
Market is not random but unpredictable
  • #124
  • Mar 31, 2021 11:07pm Mar 31, 2021 11:07pm
I learned that many traders here at the factory are rather derisive of "red flag" members. Why is that?
If you are good at something, never do it for free--Joker
  • #125
  • Apr 1, 2021 2:50am Apr 1, 2021 2:50am
Quoting slb
buy low, sell high
I'm more of a sell low buy high type of trader but that's just me each to their own
  • #126
  • Apr 1, 2021 3:08am Apr 1, 2021 3:08am
Quoting jmn5611
I learned that many traders here at the factory are rather derisive of "red flag" members. Why is that?
I'm not, but I am guessing because these flags mean nothing.

Flags should be given based on TEs.
  • #127
  • Apr 1, 2021 4:00am Apr 1, 2021 4:00am
Quoting jmn5611
I learned that many traders here at the factory are rather derisive of "red flag" members. Why is that?
It's an odd system they've got here, where flags are given according to the popularity of posts, in other words it has absolutely zero correlation to experience or profitability. Case in point; ex bank trader came on here who knew far more than 99.9% of retailers chasing their tail, offered to help and was chased off by those who'd been upvoted by perennial losers. You can lead a horse to water etc...

Some amazing posts have been written here by those with a red flag. Others with nothing against their name. In other words, it counts for precisely chuff all.
  • #128
  • Apr 1, 2021 4:20am Apr 1, 2021 4:20am
Quoting kCBHk
{quote} I'm not, but I am guessing because these flags mean nothing. Flags should be given based on TEs.
Flags system here is completely messed up I can have you suspended for no good reason and it is a power completely undeserved not all red flags are undeserved but must are
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  • #129
  • Apr 1, 2021 4:23am Apr 1, 2021 4:23am
I have learned not one but a lot of things about myself... and must admit, all this doesn't this looks nice...
  • #130
  • Apr 4, 2021 6:09am Apr 4, 2021 6:09am
Quoting kCBHk
{quote} I'm not, but I am guessing because these flags mean nothing. Flags should be given based on TEs.
Red flags are given based on the amount of advertising revenue a trader is likely to bring too Forex Factory.
Trading thin liquidity at the boundary of the charts
  • #131
  • Apr 4, 2021 6:22am Apr 4, 2021 6:22am
Quoting jmn5611
I have learned that cliques are really a thing here at FF. So, here is the story. I was wandering down memory lane as I do on the weekends, and I found this thread. https://www.forexfactory.com/thread/...s-waves-cycles I put the OP on ignore because he is a very heavy poster, and the thread is 258 pages long. I wanted to get through the thread in less than a day. Of course, he puts me on ignore in return. This is how the Cuban Missile crisis almost ended the world. I tried to reach out to another...
Done, private message sent - lets see if Parisboy responds.
Trading thin liquidity at the boundary of the charts
  • #132
  • Apr 4, 2021 4:45pm Apr 4, 2021 4:45pm
Quoting RickM
{quote} Done, private message sent - lets see if Parisboy responds.
Thanks Rick all is better, I was hoping someone would read the post and you did. Next time I will PM the poster before I do that.
If you are good at something, never do it for free--Joker
  • #133
  • Edited 6:34am Apr 7, 2021 5:28am | Edited 6:34am
One thing I have learned is to always do the work, never rely on someone else's forecast and be careful about the overwhelming presence of false information related to trading that you find pretty much everywhere these days and not just about trading, sometimes spread by websites, institutions but also people, especially forecasts to lure retail traders on one side or the other, that and the many trading videos, sometimes with catchy titles trying to sell you courses and stuff and I won't even talk about the scams you find on Youtube trading videos like "Mr Bambi helped me make a $10,000 return with just $500 in 7 days. You can call him on his Whatsapp number which is........." I guess it's all about filtering the noise
  • #134
  • Apr 13, 2021 1:39am Apr 13, 2021 1:39am
Sometimes I think that the industry willfully spreads misinformation to get as much money out of learners as they can.
If you are good at something, never do it for free--Joker
  • #135
  • Edited 2:09am Apr 13, 2021 1:56am | Edited 2:09am
Quoting Shabs19
{quote} You are absolutely right, some people enjoy losing.
Really ? Yes people lose and keep losing but it doesn't mean they enjoy it.
"Most people in MMA love to have the teeth kicked in and one loves to kick then out."
Actually not - they all like to win but reality is different.
I might be wrong , I have been wrong before
  • #136
  • Apr 13, 2021 8:36am Apr 13, 2021 8:36am
* The market makes money, but not your strategy.

* Decision making is somehow dictated by the market, but not otherwise.

* Behind every loss is one of three possible elementary mistakes:
1. inattention
2. ignoring risk
3. greed or haste
  • #137
  • Apr 13, 2021 5:44pm Apr 13, 2021 5:44pm
I have learned if forex trading needs confidence and patience, but also dare to take the risk, in this point as a trader doesn't need to scared upon loss, indeed it's part in trading and sometimes inevitable, but if fear mastering minds, whatever step will do it, seems always wrong.
  • #138
  • Apr 13, 2021 7:43pm Apr 13, 2021 7:43pm
Learn to identify and play the trend in some way ...
Market is not random but unpredictable
  • #139
  • Apr 13, 2021 8:33pm Apr 13, 2021 8:33pm
Quoting jmn5611
One thing that I have learned is that brokers want you to trade as often as possible, as large as possible.
True but only B Book Brokers... Genuine A Book brokers are only interested in you winning and having some longevity.
  • #140
  • Apr 13, 2021 9:32pm Apr 13, 2021 9:32pm
Quoting Hyperion
{quote} True but only B Book Brokers... Genuine A Book brokers are only interested in you winning and having some longevity.
I agree, that is why we here in the states have only two FX brokers, and most countries will not take US clients.
If you are good at something, never do it for free--Joker
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