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Is forex education misleading or everyone is stupid?

  • #841
  • Feb 7, 2022 12:24am Feb 7, 2022 12:24am
Quoting captalTrader
{quote} What is education? During the 80s almost everyone was smoking. Smoking was cool back then, everyone was taught by billboards and magazines that smoking is cool. Until that education was reviewed. Again, what is education according to you?
the act of teaching knowledge to others (from internet)
  • #842
  • Feb 7, 2022 12:25am Feb 7, 2022 12:25am
Quoting captalTrader
{quote} I think it's not the people. here's why I think so... In human history or educational history, there's never a course that ever had a 99% fail rate or 60% or 55%. That institution would be out of business within a few semesters. Now why do you it might be the people not the education?
Might be are stupid?
  • #843
  • Feb 7, 2022 12:26am Feb 7, 2022 12:26am
Quoting BlackNapkins
{quote} the act of teaching knowledge to others (from internet)
Then yes logically, education can be misleading then
Propaganda is still education.

I'm trying to correct you when you said education can't be misleading.
  • #844
  • Feb 7, 2022 12:30am Feb 7, 2022 12:30am
Quoting captalTrader
{quote} Then yes logically, education can be misleading then Propaganda is still education. I'm trying to correct you when you said education can't be misleading.
Sorry cT... you are acting like "ignorant"...
These are not logic assumptions
  • #845
  • Feb 7, 2022 12:30am Feb 7, 2022 12:30am
Quoting BlackNapkins
{quote} Might be are stupid?

99% of them? Does it make logical sense to you? Is it even possible?

I'm a computer scientist. I passed my education to qualify as one.

I know for sure if I might try trading forex, with all the education that's out there, I'll fail.

Chances of me being profitable would be 0.1 out 100.

Does this mean I'm stupid?
  • #846
  • Feb 7, 2022 12:32am Feb 7, 2022 12:32am
Quoting BlackNapkins
{quote} Sorry cT... you are acting like "ignorant"... These are not logic assumptions
Enlighten me


I like our conversation. I hope it won't go south in a insulting rabbit hole kind of south
  • #847
  • Feb 7, 2022 12:46am Feb 7, 2022 12:46am
Quoting captalTrader
{quote} Enlighten me I like our conversation. I hope it won't go south in a insulting rabbit hole kind of south
Don't get me into the discussion, don't let me waste the time for something that won't lead to any clue, will be no use for me.
The development of mankind was ensured by 1% of the population, the rest are fools and this is the role they play. And that's the reality ...
1% are smart, the rest are fools because the benchmark is this 1%.
We have one general for every 100,000 army, we have 1 president for many millions of people, we have one Elon Musk, one XI, the history is about the achievements of individuals, not the crowd ... without individuals, there wouldn't even be a crowd. The rest is verbal gymnastics, putting words into reverse meanings with the same purpose as advertising of cigarettes to the crowd ...
  • #848
  • Feb 7, 2022 12:55am Feb 7, 2022 12:55am
Quoting BlackNapkins
{quote} Don't get me into the discussion, don't let me waste the time for something that won't lead to any clue, will be no use for me. The development of mankind was ensured by 1% of the population, the rest are fools and this is the role they play. And that's the reality ... 1% are smart, the rest are fools because the benchmark is this 1%. We have one general for every 100,000 army, we have 1 president for many millions of people, we have one Elon Musk, one XI, the history is about the achievements of individuals, not the crowd ... without individuals,...
Are you part of the 1%?

I mean are you profitable? If not, why do you even try because if you're not profitable by now, it means you're not the Elon Musk.

If you're profitable. Is it the education or it's your genes that claim credit?

This discussion is not beneficial to me in anyway but it's fun. We don't have to always do things just because we'll gain something from them.
  • #849
  • Feb 7, 2022 1:02am Feb 7, 2022 1:02am
Who ever came up with the idea of number Zero(0) somewhere in the East did great for humanity.

Sir Newton, Albeit and the likes were indeed one of the kind.

But they long died. Did the knowledge they left die with them? No, the rest, us the 99.9% stupid ones, learned that knowledge, improved it and used it as our daily bread.

Forex education is misleading. If it's not, then it's not very iffective, it's infact useless. Since it only works for 0.1 out of the 100 that learn it
  • #850
  • Edited 1:36am Feb 7, 2022 1:06am | Edited 1:36am
Quoting captalTrader
{quote} Are you part of the 1%? I mean are you profitable? If not, why do you even try because if you're not profitable by now, it means you're not the Elon Musk. If you're profitable. Is it the education or it your genes that claim credit? This discussion is not beneficial to me in anyway but it's fun. We don't have to always do things just because we'll gain someone from them.
Well I was almost sure this kind of question will show up fast...
No, I presented several times already in the past I do NOT call myself trader
I called myself stupid already several times
It is not my fault nobody believe it...

Answer one question, please ...
What would I be doing here if I was a trader?
I told already to Peter, I know who I am...
most people who generalize are wrong
Have nice weekend
  • #851
  • Feb 7, 2022 1:16am Feb 7, 2022 1:16am
Quoting BlackNapkins
{quote} Well I was almost sure this kind of question will show up fast... No, I presented several times already in the past I do call myself trader I called myself stupid already several times It is not my fault nobody believe it... Answer one question, please ... What would I be doing here if I was a trader? I told already to Peter, I know who I am... Have nice weekend
You now sound offensive, where did I offend you

Anyways I'll recap for where I'm with our conversation.

You said education can't be misleading.

I say yes logically it can.

You say my example i made is not logical.

I say how it's not logical.

You say it's a given that only 1% stand out.

I say what's the point of the education then if only 1% is going to succeed from it?

And now you're leaving the conversation cool, great chat though thanks

This is the type of conversations I was hoping for when I started this thread
  • #852
  • Feb 7, 2022 1:19am Feb 7, 2022 1:19am
Quoting captalTrader
{quote} How do you know exactly it's not enough and not entirely misleading? You won't find out anywhere as a newbie forex trader that Forex market is a utilitarian market majority. That it was not meant for speculation. That speculation account for only less than 15%. To me, this info should be the very first information anyone interested in Forex trading should know. Then we wouldn't have people who believe that forex is a zero sum game, that someone must lose for others to gain. Newbies would know what is happening when they click that buy/sell...
Hi cT, if you go through my posts I made my stand on another thread. It ruffled feathers, ofc offended people. It's my point of view. "Our" point of view comes from our individual knowledge and experience. And I can agree with you this use of the word "misleading" - I used much stronger words. From my past experience, it won't change a thing. We happily continue with our own beliefs, it's our money after all. I made the post to say that "hostilities" among fellow traders, no matter what our beliefs, doesn't make sense. That's all. Cheers.
Know what you trade
  • #853
  • Feb 7, 2022 1:32am Feb 7, 2022 1:32am
Quoting captalTrader
{quote} Are you part of the 1%?
are you talking to me?
yes i am...
in fact there are just 4 out of 10,000 of us. you wish we were 1%... that would have made us 100 out of 10,000. but we are just 4 (four) out of 10,000...
Maadik Hugiis. IQ 69.
  • #854
  • Feb 7, 2022 1:34am Feb 7, 2022 1:34am
Quoting captalTrader
{quote} You now sound offensive, where did I offend you Anyways I'll recap for where I'm with our conversation. You said education can't be misleading. I say yes logically it can. You say my example i made is not logical. I say how it's not logical. You say it's a given that only 1% stand out. I say what's the point of the education then if only 1% is going to succeed from it? And now you're leaving the conversation cool, great chat though thanks This is the type of conversations I was hoping for when I started this...
For the last time...
I do not know at what point in the last post I offended you ... nevertheless, if you feel this way, I apologize. Honestly.
This is not a discussion because I am talking about the meaning of words reformed by some kind of correctness and I am not referring to the actual content of what you call forex education. I do not judge it, but I say that 1% earns on the basis of this education is the expected result.
And I would be surprised if it was otherwise, and for me it is normal. Based on this value, you judge the quality of education and I judge people's abilities. You exclude from the discussion the fact that people are stupid and lazy, and often, more often than we think, and you do not take this fact into account when assessing the quality of education. Is it an important element ??? I think it has its weight ...
It was nice to talk to you, but forgive me for not continuing the conversation.

https://www.forexfactory.com/thread/...6#post13878866
  • #855
  • Feb 7, 2022 1:34am Feb 7, 2022 1:34am
Ok if someone missed this on the main article.

My wife told me this is how you write, you ask a question, on the title or in the intro, then let the reader find answers through the article.

So I asked, is forex education misleading or we're all stupid.

And the article answered this question. Yes forex education is misleading.

It's logically impossible that 99.9% of students fail any course. This would mean the course is self is useless!

Here you're, not agreeing with me. Then let's discuss this in a logical manner as grown individuals.

Spare me with your beliefs please. I also believe we're living in a simulation
  • #856
  • Feb 7, 2022 1:37am Feb 7, 2022 1:37am
Quoting MoneyZilla
{quote} are you talking to me? yes i am... in fact there are just 4 out of 10,000 of us. you wish we were 1%... that would have made us 100 out of 10,000. but we are just 4 (four) out of 10,000...
MoneyZilla your sarcasm is very strong please
  • #857
  • Feb 7, 2022 1:47am Feb 7, 2022 1:47am
Quoting BlackNapkins
{quote} For the last time... I do not know at what point in the last post I offended you ... nevertheless, if you feel this way, I apologize. Honestly. This is not a discussion because I am talking about the meaning of words reformed by some kind of correctness and I am not referring to the actual content of what you call forex education. I do not judge it, but I say that 1% earns on the basis of this education is the expected result. And I would be surprised if it was otherwise, and for me it is normal. Based on this value, you judge the quality...
You did not offend me in anyway. I think you didn't read that correctly.

Well since you're no longer continuing, I hope there's someone else who will and who shares your views too. To them here's a question.

Which other education have only 1% success rate in this blue ball we're living in?

Personally I believe in people abilities. Yes they're not all motivated Or self starters, they rather sleep all day(me included) but if pushed (educated) they do excel.
  • #858
  • Feb 7, 2022 1:59am Feb 7, 2022 1:59am
Quoting BlackNapkins
{quote} Fact 99% Fail ... Surely there is something wrong with the people… don’nt you think so?
And you know why.

These days my friends and me are working on volume and delta indicators for tradingview, reviewing the code, comparing to cme data, trying to make them works good.
That's what we are doing.

And look what "they" do? They are posting forex fairy tales day by day with poker faces. Never tried. Never traded. Maximum they draw lines. With poker faces too.
Everything they do only with very serious faces. But they even don't know how much 2+2 is.

Let me set a little task: current price is 1000. It was 200 contracts sold at 900. How much contracts should we sell more at 1000 to have 950 as entry price?

You all have 5 minutes to post the formula here
(in fact if you are trader you must have it already, but I know that better talk about trillions on forex, about randomness and your fancy lines instead).

tick tock... tick tock...
Observer effect
  • #859
  • Feb 7, 2022 2:00am Feb 7, 2022 2:00am
Quoting captalTrader
{quote}
Which other education have only 1% success rate in this blue ball we're living in?


Is education over-rated as regards expectation of achievement ?


Some seem to think so.

- - - - -

https://www.predictiveindex.com/blog...b-performance/

Many of us grew up hearing, “You need to go to college to get a good job.” So how important is education to employers? In other words, does education predict job perfoarmanc ?

According to The Validity and Utility of Selection Methods in Personnel Psychology: Practical and Theoretical Implications of 100 Years of Research Findings,
education has almost no correlation with job performance.

In fact, education provides only 1% predictive ability.

- - - -

An interesting viewpoint by some.

Maybe Forex traders are therefore too hard on themselves,
in relation to AND having too high an expectation from any 'general' education they might receive on this market.
  • #860
  • Feb 7, 2022 2:11am Feb 7, 2022 2:11am
Quoting TimeTells
{quote} Is education over-rated as regards expectation of achievement ? Some seem to think so. - - - - - https://www.predictiveindex.com/blog...b-performance/ Many of us grew up hearing, “You need to go to college to get a good job.” So how important is education to employers? In other words, does education predict job perfoarmanc ? According to The Validity and Utility of Selection Methods in Personnel Psychology: Practical and Theoretical Implications of 100 Years of Research Findings, education has...
TimeTells are we not now confusing getting educated on how to programme computer code and getting employed to be a programmer?

A computer sciences graduate can still program code, that's not a fail. He passed, he's now a qualified computer scientist and he can actually write a simple script of code.

Finding employment is another thing. We can certainly blame someone other than the actual education we can surely blame the economy or the politicians
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