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Is forex education misleading or everyone is stupid?

  • #701
  • Feb 4, 2022 7:26pm Feb 4, 2022 7:26pm
Quoting RickM
{quote} Hi here2there In the EURUSD thread, you made a comment that you anticipated the bearish orders may be coming in soon so you were trading under that bias. Wouldn’t it be easier if you could see the orders actually entering the market in real time via level 2 data. No guess work now needed with coloured lines or boxes, you know they have entered. Of course you can be a successful trader without volume but you will be a far more profitable trader if you ditch those lines and boxes and do what hazelj80 said and trade via Futures data. Take a...
I use supply and demand. But yes, it would be nice to be able to see real volume. Unfortunately, there isn't a lot of information out there about it. People have also said that you can trade Forex based on Futures data. But again, there isn't much 'how to' information out there explaining it.
Learn from your mistakes and march on.
  • #702
  • Edited 8:32pm Feb 4, 2022 8:15pm | Edited 8:32pm
Quoting here2there
{quote} I use supply and demand. But yes, it would be nice to be able to see real volume. Unfortunately, there isn't a lot of information out there about it. People have also said that you can trade Forex based on Futures data. But again, there isn't much 'how to' information out there explaining it.
Hi here2there

Have you ever wondered why there isn't much information out there on this topic.
They want to hide from us the two vital piece of information that's most important.

1.. What they hide is the amount of volume required to move a market in any direction.
2.. What they hide is the density of the current market conditions.

With volume, the big players deception is laid bare. We will see the markets actually contain little liquidity most of the time, and when it does - its from the herd of smaller players.

This so called "Dumb money" (god I hate that saying) is your supply and demand you trade when it becomes a herd.

All "dumb money" is in reality - just WEAK MONEY.
A herd of "dumb money" is actually far stronger than big players money generally.

Never forget the GameStop story - it was fun and a lesson for every small trader. Size of individual doesn't matter, size of participation does.

In my opinion

Cheers

PS - post edited
Trading thin liquidity at the boundary of the charts
  • #703
  • Feb 4, 2022 10:09pm Feb 4, 2022 10:09pm
Quoting RickM
{quote} Hi here2there Have you ever wondered why there isn't much information out there on this topic. They want to hide from us the two vital piece of information that's most important. 1.. What they hide is the amount of volume required to move a market in any direction. 2.. What they hide is the density of the current market conditions. With volume, the big players deception is laid bare. We will see the markets actually contain little liquidity most of the time, and when it does - its from the herd of smaller players. This so called "Dumb money"...
Perhaps you can give me some guidance on where to find the info needed to learn about this. Feel free to send me a private message if you prefer not sharing it publicly. Thanks.
Learn from your mistakes and march on.
  • #704
  • Feb 4, 2022 11:39pm Feb 4, 2022 11:39pm
Quoting here2there
{quote} Perhaps you can give me some guidance on where to find the info needed to learn about this. Feel free to send me a private message if you prefer not sharing it publicly. Thanks.
Don't encourage scamming tendencies here. Why not share it publicly?

He have already shared about it, infact he should have provided a link to that info when he decided to mention it to you and to everyone reading this thread. This is how scammers operate.

Just share how you see Forex volumes. Facts say it's impossible since it's a decentralised market. But here he is claiming he can. That's big news!. Just share it, No1 asked you to talk about it and I'm not going to beg him for if.

I don't like Gurus
  • #705
  • Feb 4, 2022 11:52pm Feb 4, 2022 11:52pm
It's a free market! A free decentralised market!

Stop misleading people!

No1 is controling a DECENTRALISED MARKET!

NO1 IS HIDING VOLUME!!!! NO1 ONE HAVE THAT DATA!!!!

STOP MISLEADING PEOPLE!!!
  • #706
  • Feb 5, 2022 12:05am Feb 5, 2022 12:05am
Ok this RickM guy is a scammer, a smooth operating one.

Next thing he will do is recommend that you join his 'channel'

Apparently he has 'reasons' not to share his trading history.

But he will gladly share his trading 'live' aiming for 5% profits

Oderflow nonsense that requires a 'strategy' and I'll bet that 'strategy' is hard to come by and he won't share it here, maybe one must join his 'channel'

Scammers!!! They're everywhere!!!
  • #707
  • Feb 5, 2022 12:28am Feb 5, 2022 12:28am
Quoting RickM
{quote} Hi Heispark No, I have never posted a live TE and never will. I am happy to explain why if someone asks. I am still in New York trading till the end of the month, and yes trading does fund my business class travel. But so what. Many people have good imcomes in many industry's and enjoy perks from their hard work. Due to Covid and the fear of travelling, I picked up two business class fares from Sydney to New York for $8K, thats not that much money is it really?. Back to trading. I said I still trade with EA's and nothing has changed here...
Here's how a classic Forex Guru Scammer operates.

1. First, justify why you won't share a simple f*cken trading history!!!!!


2. A dash of fancy lifestyle flaunting here and there, you know... Just to let them know you're a baller!!!!

3. Don't forget those testimonials! Those are very important !

4. Lastly make sure no one accuse you for being a Guru. And make sure they know you mean no harm you're just here to help.


They all operate the same! It's like there's a school for them
  • #708
  • Feb 5, 2022 12:52am Feb 5, 2022 12:52am
Imagine being taught by that Rayuryu guy.

He doesn't even understand the basics on how the Forex market works. I'm not taking about the speculative nonsense part of it.

Charging people $200 WTF!!! I don't even think he himself has ever made that $200 speculating currencies

It's hopeless!

There's a woman that vanished with over $10 billion!!! Of people's monies 2018 with that One Coin Ponzi. We kept telling people that they were being stupid! But they would rather kill you instead of listening

It's no different than these Forex victims, it's a shame.

If you're from South Africa you'd know how many Forex academies have been popping up since 2014, it's crazy!!!

Every new year there's a new millionaire guru there by Instagram having his/her chance of scamming the stupid with their new strategy. Last time I followed this nonsense, they were selling NAS100 strategy that was after market marker strategy went out of fashion

What happened to supply and demand strategy too

I'm sure there's a new one now. Shame man
  • #709
  • Feb 5, 2022 12:56am Feb 5, 2022 12:56am
Inserted Video
  • #710
  • Feb 5, 2022 1:17am Feb 5, 2022 1:17am
The only way to stop this Forex nonsense is to ban every sort of advertising. Every marketing part of it!! Just like tobacco.

This thing has ruined a lot of families I know. A lot of you reading this and who are not in the guru business, know what I'm talking! But you still have hope of making everything right and recovering your time and money wasted.

I offered a solution and you won't consider it since I'm not promising you millions over night and the fact that my solution would have losing trades just don't seat well with your chase of the holy grail.
  • #711
  • Edited 2:15am Feb 5, 2022 1:54am | Edited 2:15am
Quoting captalTrader
The only way to stop this Forex nonsense is to ban every sort of advertising. Every marketing part of it!! Just like tobacco. This thing has ruined a lot of families I know. A lot of you reading this and who are not in the guru business, know what I'm talking! But you still have hope of making everything right and recovering your time and money wasted. I offered a solution and you won't consider it since I'm not promising you millions over night and the fact that my solution would have losing trades just don't seat well with your chase of the holy...
Mr. OP -- I wouldn't necessarily agree with all you're saying. Definitely some truths and some question marks. But it is so refreshing to read your passionate posts. I get that you **care** -- and that counts way more than all the mumbo-jumbo we typically have to sift through here at FF.

I'll give you a couple of reasons that may not have occurred to you why even with all the nonsense many people still choose to trade:

1. In my particular case I enjoy the challenge. I don't have to trade -- it's a hobby that keeps me out of trouble. I like the adrenalin rush. I like developing software to solve problems. I trade live accounts, but it is play money for me. I am extremely fortunate in that way.

2. Most traders here are not as fortunate as me (or you). They live in poorer countries where $20 / day additional income would be life-altering. They live under corrupt government regimes. Their opportunities are no better than their parents. The Internet and forex offers at least some hope. That is what is compelling about forex -- all you need is an Internet connection and the playing field is level (actually, that would be a topic for a different thread). If we were in their place we would absolutely go for it, too -- nothing to lose.

So, Mr. OP -- I get your points but consider tempering your rants by imagining walking a mile in someone else's shoes...

PS: BTW, RickM is not a scammer -- he just chooses to play his cards close to his chest. I don't know why...
  • #712
  • Feb 5, 2022 2:33am Feb 5, 2022 2:33am
Quoting captalTrader
Charging people $200 WTF!!!
200$/hour! Not 200$!
As you know I'm not selling anything here on FF, so this is your first free lesson:
if you quote do it accurate. Accuracy is very important in trading. And the numbers are very important. First you start with wrong quotes and numbers next you forget to calculate trading fees and spread and trying to show great demo results (you did it already and f$%ed up). This is not the way.

You look ridiculous blaming others for your problems.

Quoting ohitsyou
I don't have to trade -- it's a hobby that keeps me out of trouble. I like the adrenalin rush. I like developing software to solve problems. I trade live accounts, but it is play money for me. I am extremely fortunate in that way.
As I remember you started with repainting indicators and also fu$%ed up. Then you changed your username and proceed posting bullshit.
You better keep you retired demo dreams closer to you. You don't know what real trading is. You look ridiculous too.
Observer effect
  • #713
  • Edited 3:12am Feb 5, 2022 2:52am | Edited 3:12am
Quoting ryuryu
{quote} 200$/hour! Not 200$! As you know I'm not selling anything here on FF, so this is your first free lesson: if you quote do it accurate. Accuracy is very important in trading. And the numbers are very important. First you start with wrong quotes and numbers next you forget to calculate trading fees and spread and trying to show great demo results (you did it already and f$%ed up). This is not the way. You look ridiculous blaming others for your problems. {quote} As I remember you started with repainting indicators and also fu$%ed up. Then you...
Does your wife know about your obsession for me?

Quoting ryuryu
You look ridiculous too.
Now you've done it -- gone and hurt my feelings. Kisses -- muah, muah...
  • #714
  • Feb 5, 2022 3:07am Feb 5, 2022 3:07am
I don't trade lines, so this is for ryuryu's benefit. Ryuryu has a fixation for lines and boxes...

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This is an example of a symmetrical triangle or pennant indicator. It is as old as time and has been used for decades to trade a variety of different financial instruments -- including forex. It uses PA to detect trends and is easy to trade if you can spot it.

Now -- I'm NOT advocating that anyone should trade this way. However, I can't imagine why anyone would be so close-minded as to completely and totally blow it off as useless. Is there any harm in contemplating it or comparing its signals with your current approach? I don't think so. Only a small mind that is incapable of processing more than one algorithm at a time would repeatedly rant about lines the way ryuryu does.

I gather that volumes are a fairly recent "light bulb" for RickM. He is open-minded, willing and capable of approaching forex trading from more than one perspective. After all, there is more than one way to skin the forex cat, right? ryuryu is a different story. If not for RickM, ryuryu would still be stuck in the TMS thread asking which way to trade the TDI indicator.,,
  • #715
  • Feb 5, 2022 3:15am Feb 5, 2022 3:15am
Quoting ohitsyou
{quote} Mr. OP -- I wouldn't necessarily agree with all you're saying. Definitely some truths and some question marks. But it is so refreshing to read your passionate posts. I get that you **care** -- and that counts way more than all the mumbo-jumbo we typically have to sift through here at FF. I'll give you a couple of reasons that may not have occurred to you why even with all the nonsense many people still choose to trade: 1. In my particular case I enjoy the challenge. I don't have to trade -- it's a hobby that keeps me out of trouble. I like...
Fair enough

But it hurts seeing them fall victims over and over again.

RickM is teaching right? What's this playing cards close to his chest is about? If you decide to teach people... Then do all the way!! Leaving them midway is no different or even worse than not teaching them at all.

Stop this Guru thing. If you're going to be a Guru, put everything out there, don't hide anything!!
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  • #716
  • Feb 5, 2022 3:24am Feb 5, 2022 3:24am
Quoting ryuryu
200$/hour! Not 200$! As you know I'm not selling anything here on FF,
Good Golly Miss Molly -- what is it with you? You keep repeating that you're not selling anything. This is like the 50th time. Me thinks you're feeling afraid or guilty or embarrassed about something...
  • #717
  • Feb 5, 2022 3:25am Feb 5, 2022 3:25am
Quoting ryuryu
{quote} 200$/hour! Not 200$! As you know I'm not selling anything here on FF, so this is your first free lesson: if you quote do it accurate. Accuracy is very important in trading. And the numbers are very important. First you start with wrong quotes and numbers next you forget to calculate trading fees and spread and trying to show great demo results (you did it already and f$%ed up). This is not the way. You look ridiculous blaming others for your problems. {quote} As I remember you started with repainting indicators and also fu$%ed up. Then you...
I'm convinced that you're a teenager. How old are you?

Yes I showed demo results, would you rather I test with my money???? That's being stupid.

Where did I f*cked up my great demo results? They're still there for everyone to see, where are your demo results?

Who did I blame? For what problems?

My only problems are that 99% of you lose money and then people like you take advantage of others to make money off them. Like you do, charging people $200 for nonsense
  • #718
  • Feb 5, 2022 3:28am Feb 5, 2022 3:28am
Quoting ohitsyou
I don't trade lines, so this is for ryuryu's benefit. Ryuryu has a fixation for lines and boxes... {image} This is an example of a symmetrical triangle or pennant indicator. It is as old as time and has been used for decades to trade a variety of different financial instruments -- including forex. It uses PA to detect trends and is easy to trade if you can spot it. Now -- I'm NOT advocating that anyone should trade this way. However, I can't imagine why anyone would be so close-minded as to completely and totally blow it off as useless. Is there...

Please help me out here, maybe I'm being close minded. I hate being close minded.

How does this volumes work? Where RickM get his volumes?

In a SIMPLIFIED manner please
  • #719
  • Feb 5, 2022 3:43am Feb 5, 2022 3:43am
Quoting captalTrader
{quote} Please help me out here, maybe I'm being close minded. I hate being close minded. How does this volumes work? Where RickM get his volumes? In a SIMPLIFIED manner please
You're not closed-minded. The fact that you asked a question proves that. With all the nonsense and whines of struggling traders, when was the last time you heard someone actually ask a question? Never...

To answer your question: I don't know. I know what tick volume is and that it approximates real volume to a degree. And I sometimes include tick volume in my strategies -- but I don't know how RickM uses volume. On the other hand, I know that I do not want to trade like RickM. Not that there is anything wrong and definitely not to criticize -- just that it is not my style and doesn't fit my temperament or life style. To trade volume the way he refers to requires that you be glued to your screen for a few hours each day and trade very, very small time frames. If you blink you might miss your signal. Not for me. Also, like you, I don't know where he gets the volume data he keeps referring to. I trade algorithmically -- H1 and H4 are my preferred time frames, for a variety of reasons.
  • #720
  • Feb 5, 2022 3:53am Feb 5, 2022 3:53am
Quoting captalTrader
{quote} I'm convinced that you're a teenager. How old are you? Yes I showed demo results, would you rather I test with my money???? That's being stupid. Where did I f*cked up my great demo results? They're still there for everyone to see, where are your demo results? Who did I blame? For what problems? My only problems are that 99% of you lose money and then people like you take advantage of others to make money off them. Like you do, charging people $200 for nonsense
BTW -- ryuryu's insults were directed at me, not you. Whenever I post he gets excited. I think it might be because I stimulate some fond memories...
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