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  • #1,200,541
  • Oct 15, 2021 9:22am Oct 15, 2021 9:22am
Quoting JotaP
{quote} You can't beat it at all times, but we can beat it in a probabilistic way if you have a sound strategy, either by winning many times small amounts and losing big amounts a few times, or winning few times large amounts but losing small amounts many times. All this has to to with Win Rate versus Reward to Risk ratio. Newbies prefer the first option and normally lose their account when they become convinced they are geniuses after a good winning strike. But some successful traders use it as well. The second option is normally recommended, the...
You can learn to make a living while trading. You can't beat the market. When you are making money, you are not beating the market, you just found a strategy and are going along bank and institution traders meaning winners. But no one will ever beat the market.
  • #1,200,542
  • Oct 15, 2021 9:41am Oct 15, 2021 9:41am
Quoting Techanalyst
{quote} You can learn to make a living while trading. You can't beat the market. When you are making money, you are not beating the market, you just found a strategy and are going along bank and institution traders meaning winners. But no one will ever beat the market.
I understand your argument. The same applies to professional Poker players.
Trading and Poker are both games of luck and skill. Competent traders can turn the odds in their favor, this is beat the market. Beat the market is not knowing beforehand the outcome of every trade, this is impossible because there are many uncontrollable variables in play. Actually, it is very difficult to find any activity in life where we can take for granted the outcome. When your enter in your car to drive, you can never guarantee you will arrive safe at the destination. There is always an associated probability of success or unsuccess.
Follow your guts, if you want to lose your money...
  • #1,200,543
  • Oct 15, 2021 9:41am Oct 15, 2021 9:41am
Attached Image (click to enlarge)
Click to Enlarge Name: 760f98fca9b05bc571370b624b6daef1.png Size: 179 KB

$JY - 5' Remarkable moves. . . . Holding my 2 shors....but didn't make any money yet. . . . . . .

  • #1,200,544
  • Oct 15, 2021 9:44am Oct 15, 2021 9:44am
Quoting Techanalyst
{quote} ...no one will ever beat the market.
I agree.

But it probably won't matter soon, as the FOREX market has lost its luster, and appears to be on its way out.
Learn from your mistakes and march on.
  • #1,200,545
  • Oct 15, 2021 9:58am Oct 15, 2021 9:58am
Quoting F.g
{image} ...but didn't make any money yet. . . . . . .
That's the case for most of us. I am learning the real money isn't in FOREX. FOREX is drying up. There are better places to put your money.
Learn from your mistakes and march on.
  • #1,200,546
  • Oct 15, 2021 10:14am Oct 15, 2021 10:14am
Quoting here2there
{quote} That's the case for most of us. I am learning the real money isn't in FOREX. FOREX is drying up. There are better places to put your money.
well don't leave us hanging.... where should we go?
In tea leaves we trust!
  • #1,200,547
  • Oct 15, 2021 10:37am Oct 15, 2021 10:37am
Quoting Mcbeaners
{quote} well don't leave us hanging.... where should we go?
Nothing is outperforming Bitcoin.

Note: this is not financial advice.
Learn from your mistakes and march on.
  • #1,200,548
  • Oct 15, 2021 10:37am Oct 15, 2021 10:37am
Now break out the top and fall back down to bottom again.
Founder of Sutherland Wave Principle
  • #1,200,549
  • Oct 15, 2021 10:53am Oct 15, 2021 10:53am
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  • #1,200,550
  • Oct 15, 2021 11:09am Oct 15, 2021 11:09am
Quoting here2there
{quote} I agree. But it probably won't matter soon, as the FOREX market has lost its luster, and appears to be on its way out.
Lost its luster? Largest market in the world, its far from appearing to be on the way out, unless you want to provide some research on why you think that?

What are you looking for in a market?
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #1,200,551
  • Oct 15, 2021 11:15am Oct 15, 2021 11:15am
Quoting HTG
{quote} Lost its luster? Largest market in the world, its far from appearing to be on the way out, unless you want to provide some research on why you think that? What are you looking for in a market?
For certain types of traders, it has lost its luster.
Learn from your mistakes and march on.
  • #1,200,552
  • Oct 15, 2021 11:27am Oct 15, 2021 11:27am
If you can't make money in Forex, you need to unlearn what you learned. Study the market and observe its behavior. It's easy to make money in Forex... you just don't know how to trade and always blaming the market. Becouse you are too stubborn to admit that what you know is not right and always defending that what you know is better than everyone... well, look at you? You may win in every argument claiming that you are the smartest but always lose trading forex and blame it is manipulated. Merry go round every year you complain.... untill you unlearn to relearn, Forex trading will always be bad for you.

My 2 cents... again. Untill you listen, next year I may post this again coz I know for sure, next year you are still here complaining.
Only an idiot knows with certainty to where the market is going.
  • #1,200,553
  • Oct 15, 2021 11:41am Oct 15, 2021 11:41am
Quoting here2there
{quote} For certain types of traders, it has lost its luster.
Being a "certain type of trader" will be the downfall of any trader overtime. You have to be able to adapt.

Adaptability is a key skill in this market and probably any market.
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #1,200,554
  • Oct 15, 2021 11:48am Oct 15, 2021 11:48am
There's thousands of pips easy to collect since last week trading GBP,EUR,USD against YEN. Don't focus on one instrument. If one is not moving or distorted, look for others that moves. Don't make trading complicated. And never try to be a smart ass pro trader. Trading only requires common sense.
Only an idiot knows with certainty to where the market is going.
  • #1,200,555
  • Oct 15, 2021 12:00pm Oct 15, 2021 12:00pm
Quoting HTG
{quote} Being a "certain type of trader" will be the downfall of any trader overtime. You have to be able to adapt. Adaptability is a key skill in this market and probably any market.
Some people have to be certain types of traders, because life only allows for them to trade a certain way. That's why there are scalpers, swing traders, and positional traders.

Don't get me wrong. I do believe people can make money trading FOREX. My point is there are better markets to trade, which give greater results for less effort. Bitcoin is one of them.
Learn from your mistakes and march on.
  • #1,200,556
  • Oct 15, 2021 1:27pm Oct 15, 2021 1:27pm
i started out looking at gbp/usd but it can wipe out gains so fast I like old slow eur/usd here haha. Steady nickle beats the fast buck.
Founder of Sutherland Wave Principle
  • #1,200,557
  • Oct 15, 2021 1:30pm Oct 15, 2021 1:30pm
when I see 1 min 400 pip reversal spike wipe out gains on gbp I said "NoPE sir I don't like it".
Probably time to get on gbp's case haha and how's gold?
keep it simple she says
ok I learned so much from eur but now return to my home currency forget your basket of currencies gbp has a better atr adios it was fun haha.
no joking I'm still here europa girl
Founder of Sutherland Wave Principle
  • #1,200,558
  • Oct 15, 2021 1:38pm Oct 15, 2021 1:38pm
Quoting suthmo
i started out looking at gbp/usd but it can wipe out gains so fast I like old slow eur/usd here haha. Steady nickle beats the fast buck.
Look at gbp/yen, eur/yen, usd/yen on M30 timeframe.
Only an idiot knows with certainty to where the market is going.
  • #1,200,559
  • Oct 15, 2021 1:49pm Oct 15, 2021 1:49pm
Quoting MrBullBear
{quote} Look at gbp/yen, eur/yen, usd/yen on M30 timeframe.
157.044 200 points today wow.

gbp/usd
1.374 SELL
1.35 TP

Might be correction down
barrier 1.383
Founder of Sutherland Wave Principle
  • #1,200,560
  • Oct 15, 2021 3:14pm Oct 15, 2021 3:14pm
Quoting suthmo
i started out looking at gbp/usd but it can wipe out gains so fast I like old slow eur/usd here haha. Steady nickle beats the fast buck.
Yep, GBPUSD can be brutal at times!
Learn from your mistakes and march on.
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