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Is forex education misleading or everyone is stupid?

  • #1,001
  • Feb 8, 2022 9:40am Feb 8, 2022 9:40am
Quoting ForexGoose
{quote} how do you expect algo/robot/EA to work for retail traders when the institutions have implemented faster systems to exploit the market? if anyone wants to buy an automated trading system, then I can program it and sell it to you. all you have to do is give me your money and i will sell you mumbo jumbo. my background is in electrical engineering and compute science so i can program anything.
You guys confuse STOCK MARKET with FOREX MARKET

It's an honest mistake, I blame forex education. You've been mislead.
  • #1,002
  • Feb 8, 2022 9:52am Feb 8, 2022 9:52am
Quoting ForexGoose
{quote} how do you expect algo/robot/EA to work for retail traders when the institutions have implemented faster systems to exploit the market? if anyone wants to buy an automated trading system, then I can program it and sell it. all you have to do is give me your money and i will sell you mumbo jumbo. my background is in electrical engineering and compute science so i can program anything.
You can't program the psychology of the market, that can only be seen & analysed by the human mind.
If you can do that, I would like to see it.
It never gets easier, you just get better
  • #1,003
  • Feb 8, 2022 9:52am Feb 8, 2022 9:52am
Quoting captalTrader
{quote} Sir ! This is my opportunity to settle this forex marketing myth once and for all here right now . Good sir, do you happen to know how much JB Morgan do of speculation currencies? In percentage maybe? Please kindly share that information If you do this then I'll apologize to everyone for insulting them by suggesting that their beloved candlesticks don't mean shit on the forex market.
Let's put this on pause for a second. You are asking me, to provide you, with information that YOU should already know? You don't know JP (not JB) Morgan's forex stats? Do you know any of the banks actual stats? Do you know where to find this information? You proclaimed yourself to be well versed on the forex market, but you don't know this information? Do you understand that chart patterns have little to do with speculation? Please explain the thinking behind your question, and please tell me what you know about JP Morgan Chase's forex operations. If you can't answer your own question, please issue your apology.
  • #1,004
  • Feb 8, 2022 9:53am Feb 8, 2022 9:53am
Quoting Shabs19
{quote} You can't program the psychology of the market, that can only be seen & analysed by the human mind. If you can do that, I would like to see it.
Please

Define psychology of the market for us
  • #1,005
  • Feb 8, 2022 9:54am Feb 8, 2022 9:54am
Quoting GEfx
{quote} Let's put this on pause for a second. You are asking me, to provide you, with information that YOU should already know? You don't know JP (not JB) Morgan's forex stats? Do you know any of the banks actual stats? Do you know where to find this information? You proclaimed yourself to be well versed on the forex market, but you don't know this information? Do you understand that chart patterns have little to do with speculation? Please explain the thinking behind your question, and please tell me what you know about JP Morgan Chase's forex...
  • #1,006
  • Feb 8, 2022 9:56am Feb 8, 2022 9:56am
Quoting Shabs19
{quote} You can't program the psychology of the market, that can only be seen & analysed by the human mind. If you can do that, I would like to see it.
if people are attracted to slot machines with flashing lights and sounds at a casino, then i can program software to trade for them and they will buy it because forex attracts gullible people
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,007
  • Feb 8, 2022 9:57am Feb 8, 2022 9:57am
Quoting captalTrader
{quote} Please Define psychology of the market for us
Your lack of knowledge is astounding. Yet you are expounding all these "facts"
It never gets easier, you just get better
  • #1,008
  • Feb 8, 2022 9:59am Feb 8, 2022 9:59am
Quoting ForexGoose
{quote} if people are attracted to slot machines with flashing lights and sounds at a casino, then i can program software to trade for them and they will buy it because forex attracts gullible people
Typical reply of a programmer. Sorry don't need your services.
It never gets easier, you just get better
  • #1,009
  • Feb 8, 2022 9:59am Feb 8, 2022 9:59am
Quoting GEfx
{quote} Let's put this on pause for a second. You are asking me, to provide you, with information that YOU should already know? You don't know JP (not JB) Morgan's forex stats? Do you know any of the banks actual stats? Do you know where to find this information? You proclaimed yourself to be well versed on the forex market, but you don't know this information? Do you understand that chart patterns have little to do with speculation? Please explain the thinking behind your question, and please tell me what you know about JP Morgan Chase's forex...
Of course I know that , I wanted to know if you knew that.

So...

Do you know how much JP Morgan do currency speculation on the their whole Forex market operations?
  • #1,010
  • Feb 8, 2022 10:02am Feb 8, 2022 10:02am
Quoting Shabs19
{quote} Your lack of knowledge is astounding. Yet you are expounding all these "facts"


I don't fancy made up words I'm sorry for my arrogance.

Please define it for me I beg
  • #1,011
  • Feb 8, 2022 10:05am Feb 8, 2022 10:05am
Quoting captalTrader
{quote}
This is the reply I was expecting. You are asking the most basic questions about the forex market, and this is information you should already know. Not sure how you are qualified to lead this discussion, but best of luck to you!
  • #1,012
  • Feb 8, 2022 10:06am Feb 8, 2022 10:06am
Quoting captalTrader
{quote} Do you know how much JP Morgan do currency speculation on the their whole Forex market operations?
Yes
  • #1,013
  • Feb 8, 2022 10:07am Feb 8, 2022 10:07am
Quoting GEfx
{quote} This is the reply I was expecting. You are asking the most basic questions about the forex market, and this is information you should already know. Not sure how you are qualified to lead this discussion, but best of luck to you!

No please don't leave!!

Check I replied to you
  • #1,014
  • Feb 8, 2022 10:08am Feb 8, 2022 10:08am
Quoting GEfx
{quote} Yes
Wait for it mate, you will be asked to 'Prove it' next
  • #1,015
  • Feb 8, 2022 10:16am Feb 8, 2022 10:16am
Quoting GEfx
{quote} Yes
So would you say JP Morgan's main business on the forex market is speculation?

See you didn't have to be so defensive. 4 replies wasted just for this simple question I wanted to ask, just because you became offensive.

Logical discussion are productive.
  • #1,016
  • Feb 8, 2022 10:16am Feb 8, 2022 10:16am
Quoting captalTrader
{quote} No please don't leave!! Check I replied to you
I think this thread has run it's course, unless you are working hard to gain subscribers, which seems to be the only purpose of this thread.

Over & Out, Best of Luck.
It never gets easier, you just get better
  • #1,017
  • Feb 8, 2022 10:17am Feb 8, 2022 10:17am
Quoting captalTrader
{quote} No please don't leave!! Check I replied to you
I just checked my notes and can confirm that I have bank stats for 7 of the big banks. You, too, can have this information, if you just make the time to go get it. I will not help you by just presenting you with the information that took me time to collect. Here is a very big hint: these banks are public traded companies. They are required by law to publish all information that is material to their operations. Forex data (both their own internal forex positions, as well as, their client-focused forex business) is material information. It's an interesting read.
  • #1,019
  • Feb 8, 2022 10:19am Feb 8, 2022 10:19am
Quoting GEfx
{quote} I just checked my notes and can confirm that I have bank stats for 7 of the big banks. You, too, can have this information, if you just make the time to go get it. I will not help you by just presenting you with the information that took me time to collect. Here is a very big hint: these banks are public traded companies. They are required by law to publish all information that is material to their operations. Forex data (both their own internal forex positions, as well as, their client-focused forex business) is material information. It's...
Read my latest reply.

I'll ignore this reply
  • #1,020
  • Feb 8, 2022 10:21am Feb 8, 2022 10:21am
Quoting captalTrader
{quote} So would you say JP Morgan's main business on the forex market is speculation?
Since I've read what they say about it, I know the answer to your question is no. At least not their speculation. But they do make a lot of money speculating.
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