Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Why the rich could not become richer? 13 replies

why is everyone so afraid to average down? 201 replies

Why isn't Firebird EA opening trades? 1 reply

Attachments: Why isn't everyone rich?
Exit Attachments

Why isn't everyone rich?

Quoting Bushy
{quote} Forex is not a zero sum game, it's a positive sum game, it's one great big Ponzi scheme, if you look at the statistics of the increase in turnover etc, you will find that you have money coming from nowhere, this only happens in Ponzi schemes, it can only be done since it's decentralised.
Trading is how we use our knowledge, for example, everyone can cook, but from that group, just several of them going to succes with thet skill, i mean like build restorant. Trading basicly about SnD, SnR, Trend. But we need to know that we cant generate a single penny with that easy. So there is why money management comes up, trader psycology. Lets just do trade as a bussines, and we will do it properly and full heart, avoid from any trouble that will threat our penny, so once again i want to highlight the Money Management and psycology, dont rush
I agree that trading requires knowledge, just like cooking or any other skill. It's essential to focus on strategies like SnD, SnR
Quoting ArtStep
I agree that trading requires knowledge, just like cooking or any other skill. It's essential to focus on strategies like SnD, SnR
Experience plays a bigger part. SnD and SnR are the same thing but also not, and are only entry focussed or exit focussed? What else is there? Oh yes, the brain that undoes us all. Money management? Yes signore ou signorita, a bit of that helps too, no?
Quoting FocusWinReal
{quote} Experience plays a bigger part. SnD and SnR are the same thing but also not, and are only entry focussed or exit focussed? What else is there? Oh yes, the brain that undoes us all. Money management? Yes signore ou signorita, a bit of that helps too, no?
You are right that experience plays a big role. SnD and SnR have similar aspects, but SnD is often focused on entry points in positions, while SnR emphasizes exit points. And, of course, the role of the brain in decision-making cannot be underestimated, especially when it comes to emotional control and stress management
Quoting Bushy
{quote} Forex is not a zero sum game, it's a positive sum game, it's one great big Ponzi scheme, if you look at the statistics of the increase in turnover etc, you will find that you have money coming from nowhere, this only happens in Ponzi schemes, it can only be done since it's decentralised.
Where the money is coming from is a mystery and smoky matter because I saw a great confusion in people about it!
Quoting HM.Gerald
{quote} Where the money is coming from is a mystery and smoky matter because I saw a great confusion in people about it!
What do you mean?
If everyone is, then no one is.

Inequality is a blessing in that everyone has the opportunity to get rich. Some will fail. But that is reality
Trading is gambling. So gamble responsibly.
this is great
Quoting khat17
What Percival said is true. Let me elaborate. Everyone has had wins and losses. Some persons don't like to post their details for various reasons. I won't brag because I'm not "rich". So here's the thing...... All persons get interested in Forex for various reasons - some because of the potential money (most maybe) and some because it's something they like. In the end, as stated, for someone to win someone has to lose. There are various approaches but there is nothing guaranteed. Of the many approaches I'd like to highlight two that usually follow...
SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
Why they should be ?
If everyone would be rich, then it would be likely a collapse in the world.
It's impossible to imagine such a situation when middle class and poor ones disappear, because they also contribute to the economy. They are labor force, if everyone would be rich - no labor force in the world, so where rich guys will take their money from?
In trading it works the same way. If everyone would be rich, nobody would participate in trading at all.
Not rich because I didn't pay attention to the Swing Channel postings, very good month, even more so because many reported losses for January 2024.

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-02_15-47-09.jpg Size: 135 KB


FREE FREE FREE

If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step All Time Return: -1.0%
Quoting Erebus
Not rich because I didn't pay attention to the Swing Channel postings, very good month, even more so because many reported losses for January 2024. {image} FREE FREE FREE
I am looking at his (Toms) "school Run" strategy but will demo it forward to get a more realistic feel ?
Have you read his School Run approach E ?
every Saint has a past. Every Sinner has a Future
  • Post #92
  • Quote
  • Last Post: Feb 2, 2024 10:11pm Feb 2, 2024 10:11pm
Quoting turnip15
{quote} I am looking at his (Toms) "school Run" strategy but will demo it forward to get a more realistic feel ? Have you read his School Run approach E ?
That's something to do with Index trading, I believe, when it opens in the Europe / London mornings, people have to leave to takes kids to school, so they place a particular trade based on direction or pattern, not for me.

If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step All Time Return: -1.0%
0 traders viewing now