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Is forex education misleading or everyone is stupid?

  • #1,181
  • Mar 6, 2022 12:41am Mar 6, 2022 12:41am
Quoting JauntyLoon
{quote} Well, there's always a fresh supply of gullible suckers waiting to buy EA and use technical analysis. Might be fewer this year since WWIII began and inflation eats away everyone's spare money!
scammers trying smarter and slow fishing tactic. They won't reveal their true identity but the story in FF is almost the same - show winning trades with no verification, special indicators, some kind soul appeared in FF with 1 or 2 posts and offer help to resolve some technical issues for the indicators (this story make it more legitimate), discord group, telegram group.
  • #1,182
  • Apr 8, 2022 1:10pm Apr 8, 2022 1:10pm
I'm so sorry to everyone I gave false hopes to. From the bottom of my heart

I have published a FREE EA for you. The only profitable strategy on the forex market.


Thank you.
  • #1,183
  • Apr 8, 2022 1:23pm Apr 8, 2022 1:23pm
Quoting ElmPie
{quote} I guess. Wonder why he took it offline tho. It was statistics so why take it offline.
Because my calculations were wrong, when I realized that, I had to take it off and try to workout a solution, did not matter that it was profitable, that might have been luck, but it was not logical.

While trying to workout a solution, I find out that it is impossible to be profitable on forex market and that I was not the first person to find out about this. mathematicians have done what I was trying to do for years.

The only way to make little money on forex is by Night trading and even that is not sustainable.
  • #1,184
  • Apr 8, 2022 10:03pm Apr 8, 2022 10:03pm
Quoting captalTrader
{quote}
Because my calculations were wrong, when I realized that, I had to take it off and try to workout a solution, did not matter that it was profitable, that might have been luck, but it was not logical.

While trying to workout a solution, I find out that it is impossible to be profitable on forex market and that I was not the first person to find out about this. Mathematicians have done what I was trying to do for years. The only way to make little money on forex is by Night trading and even that is not sustainable....

Hi Ct,

Crikey what you are saying is not really the most scientific statement that a computer scientist might say, more like an opinion,
as, when I read your last post deeply what I feel you are saying is,


"mathematicians find it impossible to be profitable on the forex market"


But why would that be so ? It seems incongruous.

(I will try and address a little of my comment later hopefully, and also say something about your generous & genuinely felt post TWO back).
  • #1,185
  • Apr 8, 2022 10:24pm Apr 8, 2022 10:24pm
Quoting captalTrader
I'm so sorry to everyone I gave false hopes to. From the bottom of my heart

Hi again Ct,

Please read what I am posting (maybe twice), as I mean in it NO offence at all.

Firstly, imho

You have nothing to be sorry for, in TRYING. Your post does read as heart felt to all, so well done sir.

And in FOREX folks should also have nothing to be ashamed about, in failing
(unless those maybe doing the same losing principle, over & over)

I think I had a shot to explain to you a little earlier, in some posts we exchanged here,
that it is not the “trying” that folks put into working out what's going on with the currency markets that is a weakness.

As, I believe, this market is designed to be a cloudy mystery (probably from top to bottom - but CERTAINLY imho “within” its “allowed boundaries” each trading day/week).

I think maybe it has to do with all the risk management protocols of the Liquidity Providers to our Brokers but I have no definitive knowledge of this
- it’s just an assumption of mine - but one that I trade by.

Once we can understand or, maybe a better word is, ACCEPT this is the case then we can maybe utilise mathematics for its best purpose,
ie to determine any dynamic forex boundaries (or their ‘possibilities’), but MORE IMPORTANTLY to utilise maths best as a Risk Management tool.

If MOST traders are losing then surely Risk Management MUST be the next important port of call to survive, or even profit, over time.

Outside of that I am sure I also posted to you once my belief that a Computer Technician (ie a Problem Analyst)
“might” have a better shot at trading these markets than a fully fledged computer Scientist who is looking only at the pure math.


By that (analysis) I only mean by looking & examining structural price moves of the market to give more hope in seeing a slight or
major “window of opportunity” to effect any winning trade, rather than spending hours quantifying what might be the SOLE method
used by the market as a “whole” to predict each & every candle move either up or down.

The best I can say to folks (as I do NOT teach, ie cannot lol) is that NOT ALL candles are as relevant as others - in what we are “trying to see” in the markets.

Don’t ask me “which ones” lol and don’t start me on timeframes either lol, that’s a whole ‘nother kettle of fish.


all the best Ct, and welcome finally to our very tricky world of Forex.

ps and also do not be disheartened as many quants maybe didn’t crack the currency market rhythms also,
and THEREFORE took their excellent mathematical abilities into institutional companies
with hedging, cross hedging and arbitrage abilities rather than personal trading or themselves trying maybe to
solve the Riemann Hypothesis (and cheers BWilliam for bringing that yet to be solved puzzle to the table).

Though naturally, and of course, quants may & quite obviously could be trading individually, AND successfully.

all the best
  • #1,186
  • Apr 9, 2022 12:53am Apr 9, 2022 12:53am
Quoting TimeTells
{quote} Hi again Ct, Please read what I am posting (maybe twice), as I mean in it NO offence at all. Firstly, imho You have nothing to be sorry for, in TRYING. Your post does read as heart felt to all, so well done sir. And in FOREX folks should also have nothing to be ashamed about, in failing (unless those maybe doing the same losing principle, over & over) I think I had a shot to explain to you a little earlier, in some posts we exchanged here, that it is not the “trying” that folks put into working out what's going on with the currency markets...
TimeTells thank you for your kind words

I'm not here on this forum as a computer scientist or to sound like one, unless you want to pay me to be one

There's is no hidden market rhythm and no one designed the market as a puzzle either. Infact it was not designed for speculation to begin with.

here's a simple reason why it's impossible to be profitable speculating currencies. No it's not Risk management but just CHARGES .

In future, speculators will be rich when the middle man is finally removed as the only way to participate on this huge market. But before then . .. we're currently living in the wrong times. Like Tesla back then, he didn't fail, he was just living in a wrong time.
  • #1,187
  • Apr 9, 2022 1:08am Apr 9, 2022 1:08am
Quoting captalTrader
I'm so sorry to everyone I gave false hopes to. From the bottom of my heart I have published a FREE EA for you. The only profitable strategy on the forex market. Thank you.
Quoting captalTrader
{quote} TimeTells thank you for your kind words I'm not here on this forum as a computer scientist or to sound like one, unless you want to pay me to be one There's is no hidden market rhythm and no one designed the market as a puzzle either. Infact it was not designed for speculation to begin with. here's a simple reason why it's impossible to be profitable speculating currencies. No it's not Risk management but just CHARGES . In future, speculators will be rich when the middle man...
In one post you apologize for misleading people, and in the next you compare yourself to Tesla? So -- we're to understand that you, personally, didn't fail but, rather, you're just living at the wrong time? And you are offering a free EA -- the only profitable strategy on the forex market -- the same forex market you've just stated is impossible to succeed at?

How many contradictions can one person have in a single post. I think you must have broken the record...
  • #1,188
  • Apr 9, 2022 1:32am Apr 9, 2022 1:32am
Quoting captalTrader
{quote}
I'm not here on this forum as a computer scientist or to sound like one


Crikey Ct,
You're giving out all the ammo Robots needs LOLOL
I tried


Back in February ...
Quoting captalTrader
{quote}I'm a computer scientist. I passed my education to qualify as one.
  • #1,189
  • Apr 9, 2022 1:49am Apr 9, 2022 1:49am
I agree with many things in your first post. My experience as trader/coder is all knowledge facts haven't any scientific proof. They are all based in suppositions, many of them even wrong. Hard stops are most pitfall i saw in my all years in forex

But I don't agree about auto systems. They can work in long term when you throw "facts" and you build them using reality...
Try don't lose pants never...
  • #1,190
  • Apr 9, 2022 2:27am Apr 9, 2022 2:27am
Quoting robots4me
{quote} {quote} In one post you apologize for misleading people, and in the next you compare yourself to Tesla? So -- we're to understand that you, personally, didn't fail but, rather, you're just living at the wrong time? And you are offering a free EA -- the only profitable strategy on the forex market -- the same forex market you've just stated is impossible to succeed at? How many contradictions can one person have in a single post. I think you must have broken the record...
Thank you very much

Is there a prize I get to keep? I'll appreciate
  • #1,191
  • Apr 9, 2022 2:30am Apr 9, 2022 2:30am
Quoting braintheboss
I agree with many things in your first post. My experience as trader/coder is all knowledge facts haven't any scientific proof. They are all based in suppositions, many of them even wrong. Hard stops are most pitfall i saw in my all years in forex But I don't agree about auto systems. They can work in long term when you throw "facts" and you build them using reality...
The whole market is an automated system
  • #1,192
  • Apr 9, 2022 2:35am Apr 9, 2022 2:35am
Quoting captalTrader
{quote} Thank you very much Is there a prize I get to keep? I'll appreciate
No money -- but you will receive a trophy, which is even better...

Glad to see you have a sense of humor and a thick skin.
  • #1,193
  • Apr 9, 2022 2:36am Apr 9, 2022 2:36am
Quoting captalTrader
{quote} The whole market is an automated system
Basically yes but not in big trends...
Try don't lose pants never...
  • #1,194
  • Edited 3:21am Apr 9, 2022 3:08am | Edited 3:21am
Quoting captalTrader
{quote} TimeTells thank you for your kind words I'm not here on this forum as a computer scientist or to sound like one, unless you want to pay me to be one There's is no hidden market rhythm and no one designed the market as a puzzle either. Infact it was not designed for speculation to begin with. here's a simple reason why it's impossible to be profitable speculating currencies. No it's not Risk management but just CHARGES . In future, speculators will be rich when the middle man...
It has been mentioned multiple times -- I don't know why your brain refuses to acknowledge it, let alone contemplate it. In all your earlier posts and ruminations you never bring up money management -- it's not even on your radar screen. And we know why -- you don't have the slightest clue what that is because you've never traded. You believe the path to successful trading is number crunching.

Good / clever money management can take a mediocre strategy and convert it into a profitable one. Similarly, crappy or no money management can take a brilliant strategy and convert it to a loser.

I understand you're done with forex, and that's fine. I'm just posting this comment to plant the MM seed in case others may feel discouraged that because you failed they are doomed, as well.

@captalTrader -- I hate to be the one to break this to you, but you are not a man ahead of his time and you are no Tesla. You are just an immature young man who hasn't yet learned that in order to improve on your weaknesses you first need to acknowledge that you have them. In some circles this is referred to as 'humility'. Otherwise, you will forever be doomed to repeating the same mistakes. The highest level of knowing? To know what you don't know...
  • #1,195
  • Apr 9, 2022 3:21am Apr 9, 2022 3:21am
Quoting robots4me
{quote} It has been mentioned multiple times -- I don't know why your brain refuses to acknowledge it, let alone contemplate. In all your earlier posts and ruminations you never bring up money management -- it's not even on your radar screen. And we know why -- you don't have the slightest clue what that is because you've never traded. You believe the path to successful trading is number crunching. Good / clever money management can take a mediocre strategy and co isnvert it into a profitable one. Similarly, crappy or no money management can take...
I know what I don't know very well!

What I don't know is why, you with your magical MM strategy still busy posting on educational Forums like these? Shouldn't you be on a yacht somewhere in the Pacific? Or you're just a bored Forex millionaire going through forums to tell losers like me how small they're?

Anyway number crunching is the reason you're breathing today. Probably everything around you is a result of number crunching. Everything is number crunching!
  • #1,196
  • Apr 9, 2022 3:25am Apr 9, 2022 3:25am
I could never! Ever! Compare myself to the greatest man that ever walk this earth!!!! WTF

Reading and comprehension is difficult sometimes I understand.
  • #1,197
  • Apr 9, 2022 3:35am Apr 9, 2022 3:35am
Quoting captalTrader
{quote} I know what I don't know very well! What I don't know is why, you with your magical MM strategy still busy posting on educational Forums like these? Shouldn't you be on a yacht somewhere in the Pacific? Or you're just a bored Forex millionaire going through forums to tell losers like me how small they're? Anyway number crunching is the reason you're breathing today. Probably everything around you is a result of number crunching. Everything is number crunching!
And what makes you think I'm not on my yacht currently anchored off the beach at Waikiki?

We're all in the same boat -- just that many either refuse or are incapable of acknowledging it.

You claim that you know very well what you don't know -- which, of course, is proof that you don't. How could you possibly know everything you don't know? That's an oxy-moron.

And you make these breath-taking statements borne of absolute ignorance. Number crunching is the reason I'm breathing today? Really? Are you claiming that before personal computers became popular in the 1980's that life did not exist? Do you realize what an arrogant and moronic statement that is? You have deeper issues that you need to address -- trading forex should be a very low priority for you right now.
  • #1,198
  • Apr 9, 2022 3:39am Apr 9, 2022 3:39am
Quoting captalTrader
I could never! Ever! Compare myself to the greatest man that ever walk this earth!!!! WTF Reading and comprehension is difficult sometimes I understand.
Really -- Tesla is the greatest man to ever walk this earth? Being great isn't good enough -- you're telling us he's the greatest? Obviously you skipped history classes.

As for comparing yourself to Tesla -- of course you did. You connected your failure with his -- both being ahead of their time. I didn't invoke Tesla -- you did.
  • #1,199
  • Apr 9, 2022 3:48am Apr 9, 2022 3:48am
Quoting captalTrader
{quote} I know what I don't know very well! What I don't know is why, you with your magical MM strategy still busy posting on educational Forums like these? Shouldn't you be on a yacht somewhere in the Pacific? Or you're just a bored Forex millionaire going through forums to tell losers like me how small they're? Anyway number crunching is the reason you're breathing today. Probably everything around you is a result of number crunching. Everything is number crunching!
For the record -- I didn't call you a loser -- you did.

I simply pointed out that just because you failed that doesn't mean everyone else should feel doomed to failure...
  • #1,200
  • Apr 9, 2022 3:57am Apr 9, 2022 3:57am
Quoting robots4me
{quote} And what makes you think I'm not on my yacht currently anchored off the beach at Waikiki? We're all in the same boat -- just that many either refuse or are incapable of acknowledging it. You claim that you know very well what you don't know -- which, of course, is proof that you don't. How could you possibly know everything you don't know? That's an oxy-moron. And you make these breath-taking statements borne of absolute ignorance. Number crunching is the reason I'm breathing today? Really? Are you claiming that before personal computers...
"Man is the measure of all things" Protagoras.

One need number crunching to measure anything. That is what I meant. Cause I don't want to go to an argument with you about if in the 1980's there were no hospitals or medicine.

I don't trade Forex.

To my reality, Tesla is my God. I wouldn't have a career today if it wasn't of him. I'm arguing with a 1980's person over the internet today because of his great contributions to this current civilisation.
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