Is forex education misleading or everyone is stupid?
There's another misunderstanding among Most Forex traders that Market Makers are enimies of retail traders. Honestly I can't tell where this is coming from but I can bet it's one of the Gurus marketing jargons they just made upMarket Makers are friends of retail traders, they making trading possible. Without then it would be very hard to find someone who would trade your Euro's with USDs at the exact or close price you want. Instead of finding that matching order from an individual, you can always count on Market Makers to take...
{quote} Dingoman and Aussie is one person. See order numbering. Admin should stop one of them as Additional Username.
{quote} maybe 3 persons
captaltrader Please explain more about the role of mathematics in forex trading . does it have a coordinate with statistic? or only pure math?
it will be easier to discuss the idea and it's performance there
Another most important thing retail traders don't understand that should be a first thing really before anyone risk their hard earned money is this: where does my $10 I just lost on my account went? Who took it? It's not your broker. Your broker only took the commission (if it's a ECN account) mark-up (spread) if it's STP. And guess what, It's not the Market Makers too! Think of it this way... You found yourself a bargain and bought an apple below market value at $1. Apples sell for $1.5 on the market these days (inflation is a biatch). So you expect...
{quote} I'm busy with an article Tetis that will go with the EA. Like a manual, it will explain everything in detailed. I'll edit the main page, post important replies then a link to download the EA and it's manual(article) on mql5...FREE. maybe I'll open a telegram chat channel too
{quote} Thats a commodity market, right ? In Forex you are buying one currency & selling another simultaneously. One currency could lose value & the other could gain value. So it could be the $1 that has gained in value, so you could buy more apples for the same dollar. I know its just semantics.
{quote} Simplicity! leave the not so important details on how with your USD account you can can exchange EURGBP. the important part to know is that buying EURGBP means you exchange your GBP 'that you now have' with Euros. Hoping that the Euros you now own will gain value then you will exchange them back to GBP at a higher price and you'll profit the difference! with semantics, you'll find yourself with migraines trying to figure out how your your sell EURGBP trade make sense, since your account is in USD, how the hell you could sell Euros now? where...
{quote} We are not buying or selling anything, we are merely speculating that one currency will be stronger or weaker over a set period of time and we collect the profit if we are right and accept loss if we are wrong. We don't need to know where we got, or how to get rid of anything. Our broker takes care of that. I wouldn't say all forex education is misleading, you have to figure that out for yourself and everyone can be stupid sometimes but not always. Thomas Edison is quoted having said: {image}
{quote} Markets are not random at all. Market analysis is not deterministic, only that. There is not a perfect fit, but most of what markets do is understandable and predictable upfront. Now, your mathematical model. If you apply something analogue to newtonian physics, that is deterministic and obviously won't work. Euclidean geometry is not applicable to markets. All those are deterministic tools. Like if you draw a straight line between two points and expect from intertia your push. You need some college level maths, beyond econometrics. So,...
{quote} I don't get what you're saying but it's cool
{quote} Empty your cup my friend.
{quote} Geometry? Newton?
{quote} I don't know if it will work, but only mixing all these you are going to have a lot of fun.
. If I add another 90 days, will it make any difference to the data(performance) collected so far?
