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Forex - A negative sum game for losers

  • #721
  • Feb 14, 2024 8:09am Feb 14, 2024 8:09am
I see a pitch black friday comming for Dumpy Trumpy this week..... his Trump Org might become history soon.
  • #722
  • Feb 15, 2024 2:49am Feb 15, 2024 2:49am
Quoting HudithePfupf
I see a pitch black friday comming for Dumpy Trumpy this week..... his Trump Org might become history soon.
Trump Org ..."Org" like a mini-orgasm, usually coming about when someone sees Humpty Dumpty red-hot-face and feels that tingle in their pants, right? Often shit like this can happen when seeing parades with celebrities on TV... Alright, this org must stop for the people watching red-face Dumpy-T ! Sooner the better
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  • #723
  • Feb 15, 2024 2:33pm Feb 15, 2024 2:33pm
Daytrading/short-term stock/index options is beneficial in that respect, in that your loss is limited to your investment, you don't have to call a specific high or low, and there is normally ample time to mitigate any losses you see happening. But, like currency trading, you need to be able to become accurate with the ability to predict, with a high degree of certainty, the direction of the instrument you are trading. Short term, high confidence trades will make more money, regardless of what you are trading, that a long term investor-type mindset.
  • #724
  • Feb 16, 2024 2:15am Feb 16, 2024 2:15am
Quoting FinanTrader
{quote} Day trading is one of the strategies used by many traders today. It's is a complex strategy, but everyone believed that it's the easiest way to make money in the shortest amount of time.
Sure, time matters...
Quoting moneymaker2
Daytrading/short-term stock/index options is beneficial in that respect, in that your loss is limited to your investment, you don't have to call a specific high or low, and there is normally ample time to mitigate any losses you see happening. But, like currency trading, you need to be able to become accurate with the ability to predict, with a high degree of certainty, the direction of the instrument you are trading. Short term, high confidence trades will make more money, regardless of what you are trading, that a long term investor-type mindset....
Sure it does depend on WHAT and HOW LONG you trade!
Forex trading next to the ETFs trading or passive type of investment it's kind of a different show.

First, equity market is supposed to grow permanently along with the economy expansion, so overall it mainly goes up and only up. While in Forex trends goes either up or down and nobody can be sure for how long they will continue to go in one direction. Old traders know very well that "trend is your friend ...until it isn't!"

Secondly, unlike trading stocks and ETFs, trading FX with a broker is trading CFDs with spread and leverage which magnifies both gains and losses...

So, it does depend on WHAT you trade!
Pertinent observations, civil input, thx!
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  • #725
  • Feb 16, 2024 3:37pm Feb 16, 2024 3:37pm
And it is finally in. Trump Org is toast in New York. A total of 364 Millions USD fine for Dumpy, Don Jr. and Eric.
My trust in the US justice system gained some traction today.
Now it will be interesting to watch whether GOP and MAGA continue to act like retail forex traders and double down on this losing trade.

What a day for justice! A big thank you to all involved making this happen.
  • #726
  • Feb 16, 2024 6:05pm Feb 16, 2024 6:05pm
Quoting HudithePfupf
And it is finally in. Trump Org is toast in New York. A total of 364 Millions USD fine for Dumpy, Don Jr. and Eric. My trust in the US justice system gained some traction today. Now it will be interesting to watch whether GOP and MAGA continue to act like retail forex traders and double down on this losing trade. What a day for justice! A big thank you to all involved making this happen.
Not really toast. Fine will be appealed, so that money isn't gone yet (plus for a billionaire, that amount probably isn't all that devastating). Donald Trump is barred from HIM operating his business in New York for three years (which is fine since he'll be President for most of that), not barring his business from operating. Donald Trump Jr and Eric Trump can not serve as an officer or director of any NY Corporation or legal entity in New York for two years, but they CANstill have influence under different means (board member and/or majority shareholder, etc.). But I doubt they play a major role in the day-to-day operations anyway and I am sure they have people in place that can still run the company profitably.

It is really weird how the phrase "Make America Great Again" freaks out so many people, but it sure does. When I was growing up, I used to think all snowflakes were different but as I got older I realize they are all exactly the same....
  • #727
  • Feb 16, 2024 11:03pm Feb 16, 2024 11:03pm
Quoting HudithePfupf
And it is finally in. Trump Org is toast in New York. A total of 364 Millions USD fine for Dumpy, Don Jr. and Eric. My trust in the US justice system gained some traction today. Now it will be interesting to watch whether GOP and MAGA continue to act like retail forex traders and double down on this losing trade. What a day for justice! A big thank you to all involved making this happen.
Entertaining viewing from afar.
Were there any Republicans in this latest witch hunt or just panicking Democrats!
  • #728
  • Edited 8:18am Feb 17, 2024 4:35am | Edited 8:18am
Quoting moneymaker2
{quote} Not really toast.....
First you guys claimed he didn't commit any crime at all...
then you say, but what about Hillary, Hunter Biden, Joe Biden.... whatever
then you claim ok he did something but he has immunity and he will never be prosecuted...
then you scream persecution, witch hunt, it will be appealed, we will vote for him anyway....
then you say he will appeal and the ruling isn't final....
then you say if he is president again he can stop and bury all cases against him....

...this is the perfect defition of denial. Not being able to adapt to reality, although when it punches you in the face over and over again.
That is why you MAGA guys are either criminal shovel sellers or terrible traders.... you double down on losers again and again.

Trump has been fined around 450 millions so far. The rulings will stay in a appeal. The ruling against Trump Org is already final, so your hope is again denail and not a strategy. The only way forward for Dumpy is to postpone the day of reckogning in the hope of installing a dictatorship in 2025, which will not happen.

Dumpy's tax returns show he posted losses over and over again over a large time span. Didn't even pay taxes most of the time. Rising rates is poisen for a highly leveraged real estate gambler with no substance in his company. He likely isn't by far not as rich as he claims to be...He doesn't pay his bills or let other pay like you MAGA guys spending your last shirt for the cult leader. Very likely he can't bring up the money required to even be able to appeal. The house of cards is crumbling and his mind is degenerating even faster. The guy was stupid right from the beginning, but now we are on level where he can't function in basic tasks anymore, without beeing pumped up with drugs.

He and GOP will fail miserably in November...then his base will make him responsible for the disaster and welcome the possibility to lock him away forever claiming the never really supported him at all.

In all 4 currently running indictments most evidence in the public domain is far enough to lock him away forever. And there is certainly much more to uncover in investigations. The Russians hope America will suffer badly when it finally escalates even further and try to increase MAGA radicalization as much as possible. But in the end they will fail miserably. Why? MAGA is like an extremely unattractive hate based religion - all fiction and propaganda, negativity, egoism, stupidity and narcism on a level it becomes self destructive. All reasonable and intelligent people run from such things, only truely deploreables or criminals are attracted to it. If Trump / MAGA are stupid enough to pull the trigger and do again something criminal and stupid again, they overstrech the patients of an overwhelming majority. Like the Jan 6 traitors they will find out the hard way.

Trump is toast like retail forex trading is a negative sum game for losers. Amen.
  • #729
  • Feb 17, 2024 4:48am Feb 17, 2024 4:48am
Wow, this shovel seller already let his wife start a gofundme for Don the Con. He certainly isn't man enough to do it himself.

https://x.com/GrantCardone/status/17...075644604?s=20

Looks like Dumpy is bankrupt soon.... double down guys, double down. Pay for that sucker, so he has enough to pay New York tax payers and E. Jean.
  • #730
  • Edited 6:05am Feb 17, 2024 4:49am | Edited 6:05am
Quoting HudithePfupf
{quote} First you guys claimed he didn't commit any crime at all... then you say, but what about Hillary, Hunter Biden, Joe Biden.... whatever then you claim ok he did something but he has immunity and he will never be prosecuted... then you scream persecution, witch hunt, it will be appealed, we will vote for him anyway.... then you say he will appeal and the ruling isn't final.... then you say if he is president again he can stop and bury all cases against him.... ...this is the perfect defition of denial. Not being able to adapt to reality, although...
HEY YOU! YES, YOU! I see you're from Switzerland... do you have any info if SNB will cut rates in March? Thanks! Also, is that logo of Hufflepuff?
  • #731
  • Feb 17, 2024 5:10am Feb 17, 2024 5:10am
And let Tish James explain it to you again:

https://ag.ny.gov/attorney-general-j...t-donald-trump
  • #732
  • Feb 17, 2024 6:09am Feb 17, 2024 6:09am
Quoting HudithePfupf
And let Tish James explain it to you again: https://ag.ny.gov/attorney-general-j...t-donald-trump
Who's Donald Trump and why are you people arguing?
  • #733
  • Feb 17, 2024 8:29am Feb 17, 2024 8:29am
Donald Trump is a convicted sexual abuser as well as a convicted fraud:

https://www.documentcloud.org/docume...y-fraud-ruling

Read the those who are interested what kind of fraud he exactly commited in the state of New York read the final court decision in this regard.
Welcome back to reality.
  • #734
  • Feb 17, 2024 10:59am Feb 17, 2024 10:59am
Quoting HudithePfupf
{quote} .... Like the Jan 6 traitors they will find out the hard way. Trump is toast like retail forex trading is a negative sum game for losers. Amen.
CNN talking points. Now all the angry, negative posts make more sense.....
  • #735
  • Feb 17, 2024 6:16pm Feb 17, 2024 6:16pm
Seems this thread derailed at some point, but here are a few of my views of why people lose on FX trading:

  1. Trying to trade the news. I did this, sitting in front of my computer when key economic data was released. Jumping in on whatever direction the price was moving. Worked like a charm 5-6 times, until it didn't. Price would move sharply in one direction, I jumped onboard, only to see price do a 180 and keep moving against my position. Especially when more than one economic indicator was released at the same time.
  2. Technical analysis. Let's face it, it does not work. Chart analysis (double top, double bottom HS, IHS…), price analysis (red candle, green candle, engulfing, doji, shooting star…). They are unreliable as hell, and cannot be trusted. They work highly infrequently, which means they are random.
  3. Trends. Can just as easily change as they can continue.There is no saying when or why.

These are just the main ones. Could also add support and resistance levels, which work until they don't. Which make them random as well, however a bit more consistent than the other “signs”.
So what is left? Not much aside from fundamentals, trading on economic indicators (just avoid the time of actual release of data), and maybe utilizing flock behaviour (trends, but be aware of what I said above..).

I am sure the fine people in here have thoughts on this, hopefully someone has a revolutionary strategy on how to beat the FX market?

  • #736
  • Feb 17, 2024 10:51pm Feb 17, 2024 10:51pm
# Post 736

I couldn't agree more!

Educated guessing.


kjhmm
_________________________
"The biggest component of success is MINDSET and being responsible with RISK." - kirkleaforex
  • #737
  • Edited Feb 18, 2024 12:41am Feb 17, 2024 11:37pm | Edited Feb 18, 2024 12:41am
Quoting Bateman24
Seems this thread derailed at some point, but here are a few of my views of why people lose on FX trading: Trying to trade the news. I did this, sitting in front of my computer when key economic data was released. Jumping in on whatever direction the price was moving. Worked like a charm 5-6 times, until it didn't. Price would move sharply in one direction, I jumped onboard, only to see price do a 180 and keep moving against my position. Especially when more than one economic indicator was released at the same time. Technical analysis. Let's face...
Hi Bateman

You need access to volume data before you have any real chance of beating the FX Markets, therefore don't trade FX that hides Volume data.

Its that easy.

Instead, stick to Stocks, Crypto or Future Markets which does have Volume information available.
It's all about Breakouts, is the move fake with low volume or is this a real move with very high volume occurring at the time of the move.

Master the breakout - Count the dollars.
Trading thin liquidity at the boundary of the charts
  • #738
  • Feb 18, 2024 4:55pm Feb 18, 2024 4:55pm
Quoting Bateman24
Technical analysis. Let's face it, it does not work. Chart analysis (double top, double bottom HS, IHS…), price analysis (red candle, green candle, engulfing, doji, shooting star…). They are unreliable as hell, and cannot be trusted. They work highly infrequently, which means they are random. I am sure the fine people in here have thoughts on this, hopefully someone has a revolutionary strategy on how to beat the FX market?
Well, since I played my part in the derailment, let's see if maybe I can add some value. Although I trade options almost exclusively now, I spent a few years trading only currency. I loved the fact that back then you could use 400:1 leverage, because the trade is going to do what it is going to do, and the amount of money you make on it is based solely on the number of lots you have. And since I traded small, high confidence trades with a goal of just 10 pips, the more lots I had, the more money I made. I traded a few different strategies, but they all included technical analysis and chart reading. Doesn't work for some, but worked fine for me. For example, I like how the 5EMA, 10EMA and mid-Bollinger Bands act as support/resistance on the different time frames, and really helped me refine the best time to get in and out of trades. And if you see price just hanging out in the middle of nowhere on the 4hr chart, you can bet it is butted up against one of those on a lower time frame.

Anyway, my most profitable strategy was what I called the RSI Divergence, where there is a high in price at the upper Bollinger band (and a corresponding high for RSI), then price drops and then ~3-5 candles later reaches the same high (but the corresponding RSI is now lower than the first RSI). (See the attached charts)

When they reduced the limit down to 50:1 for US residents, I pretty much stopped trading currency and went back to options. I still dabble in FX, so I know this strategy still works great on >15 minute charts, with my favorites being the 30min, 1hr and Daily.

That being said, I believe that a lot of beginners lose in trading (of all instruments) because they:
1) Listen to people that are no more successful than they are
2) Abide by arbitrary rules as though they are commandments (Thou Shall Not Go Above a 4:1 R:R Ratio or Thou Shall Not Trade More Than 1% On Any One Trade)
3) Do not use every tool available to them (technical analysis and charting indicators)
4) Do not spend the time needed to hone their skill in determining market direction (i.e. chart screen time)

I think 4) is probably the most important, because if you can get good at predicting the direction of even smaller moves, you can make money.
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  • #739
  • Edited 3:24am Feb 19, 2024 3:11am | Edited 3:24am
Quoting HudithePfupf
{quote} First you guys claimed he didn't commit any crime at all... then you say, but what about Hillary, Hunter Biden, Joe Biden.... whatever then you claim ok he did something but he has immunity and he will never be prosecuted... then you scream persecution, witch hunt, it will be appealed, we will vote for him anyway.... then you say he will appeal and the ruling isn't final.... then you say if he is president again he can stop and bury all cases against him.... ...this is the perfect defition of denial. Not being able to adapt to reality, although...
MAGA guys are either criminal shovel sellers or terrible traders.... you double down on losers again and again.
That is why you MAGA guys are either criminal shovel sellers or terrible traders.... you double down on losers again and again.

Hi, Hudi
I've always thought that people only mentally alienate themselves through fear, like the North Korea horrible taste show... but is incredible how they go for a dictator by conviction.
Then I thought they must be common losers in every day life. So losers, having nothing to lose, they just want to tear apart the current order in hope that in the end they will eventually come up better off...(how stupid is this!)
Well, then I thought that the most of them are just haters. Uneducated morons they just want to destroy authority, any authority since they seem to possess unevolved brains like teens. Everyone knows them. We've met them among the crypto maximalists. The same litany. The government is bad, institutions are bad, democracy ...twisted for them as they are history illiterates, the banks are nothing but thieves... and all that common losers' lamentation.
Yeah, motherfuckers, dictatorship, tribalism and oligarchy is goooood!

Losers always make a negative sum and Donnie is a fuckin' loser by far!! I mean, just look at him, he quacks like a loser (clownish campaign), he swims like a loser(lame business), he lies like a loser(evade tax), he punches like a desperate loser(lame political arguments) ... A total clown!!!
This guy claims that radical shit and dictatorship will make America great again. But this is fundamentally non-American!!!
Or he's just sick. A histerically-blind power addicted.
Or he's just a petty character who wants to get away with his common crimes... destroying his country for personal issues.
Or ...all the above together.
WhoTF is this guy? ...oh, he must be a Duck!
America should fire him.
Attached Image (click to enlarge)
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  • #740
  • Feb 19, 2024 4:28am Feb 19, 2024 4:28am
The question why traders losing their money on FX?
I define few types of traders:

1. Traders which don’t know that they don’t know.
Beginners who jumping randomly to trades, they really don’t know what they are doing, or just follow some other “traders”. In this point lots of them finishing with loss and finishing with trading.
2. Traders which know that they don’t know.
The beginners wake up and see it is not “easy money”. They see, they must start to learn and work on themselves to survive in market. Also, lots of them in this point finishing with trading and usually with loss.
3. Traders which know that they know
Skilled traders with own trading strategy fit to his properties - action plan with good money management and good discipline. Traders with break even or small profit.
4. Traders which don’t know that they know.
It is upper level of traders from point 3, which do they own trading strategy in right way automatically with full discipline. Profitable traders.

I don’t have any magic formula to be profitable on market, it is a hard work. After hard work and when you will be in group 4. from my list you may say it is “Easy money”
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