Poll - When did you start trading forex? Anyone had 10+ years here? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

What would you do if you had to start over? 81 replies

Did it ever happen to you? you had to change rules! 23 replies

What age did you start in Forex? 5 replies

Poll: Where did you find your very own system/strategy? 2 replies

Poll - When did you start trading forex? Anyone had 10+ years here?

  • #21
  • Feb 7, 2007 10:00pm Feb 7, 2007 10:00pm
Quoting Bemac
I'm a little more than confused.
I've {professionally} traded commodity futures, DX included for > 20 years but only remember the inception of Forex {not Globex} since ~1999 {1998} that is, if you go by the hype...,
Question;
Did you mean you have been Trading FX since 1993,
OR
You have been trading since 1993?
No Slam intended. Just wondering if I missed the boat...
I began trading forex in 1993. In the beginning I was participating in pretty much the same "casino style" game, no different from the one, that the majority of people here on forum are now playing against numerous "houses" which they call "brokers".
The first forex dealer that began offering on-line trading for retailers was CMC from London in 1995. Before that numerous Asian, as well as European brokes were already offering retail trading services via the phone since late 80's - early 90's. I still have "Thomson Risk Management Directory", 1995 where most of them are listed in the alphabetical order.
Popular Global-View Forex Forum began operating for forex trading community in 1995 as well.
The first book specifically addressed to forex market was written by Cornelius Luca and published by Prentice-Hall, Inc in 1995. It is called "Trading in the Global Currency Markets"(ISBN # 0-13-293424-8). In his book the autor mentioned the opportunity forex market presents to already existing retail customers.
So, you seem to oversleep the event by a few years.
  • #22
  • Feb 8, 2007 2:13am Feb 8, 2007 2:13am
Quoting Igrok
Then it took about 3 years to develop my trading "templates" and about another year to test and to refine them. This is the method I still trade
today. Got my first fund under management in 1997.
Hi Igrok,

The markets evolved so much between now and 1997 (especially with less gaps over weekends) and much less volatility. You said you still trade your template/method now. So, the same method still works after so many years? Or you still have to refine it overtime? (or do you need to refine it a whole lot because I don't see a model that works in a large volatility time can also work in a less volatile enviroment. So, maybe the backbone still the same but with a lot of refinement over time?

Just want to know if you hold position intraday, intraweek, or intramonths or even longer? By the way, did Forex open and close the same time at that time as now?(24 hours trading, opened 5pm EST Sunday and closed 5pm EST on Friday)

Thanks.
  • #23
  • Feb 8, 2007 2:44am Feb 8, 2007 2:44am
Quoting forex778
Hi Igrok,

The markets evolved so much between now and 1997 (especially with less gaps over weekends) and much less volatility. You said you still trade your template/method now. So, the same method still works after so many years? Or you still have to refine it overtime? (or do you need to refine it a whole lot because I don't see a model that works in a large volatility time can also work in a less volatile enviroment. So, maybe the backbone still the same but with a lot of refinement over time?

Just want to know if you hold position intraday, intraweek, or intramonths or even longer? By the way, did Forex open and close the same time at that time as now?(24 hours trading, opened 5pm EST Sunday and closed 5pm EST on Friday)

Thanks.
1. I don't have any artificial model. My templates are based on natural market characteristics and regularities that can't be changed. Have had no need to refine anything yet.
2. The market schedule is still the same as before.
  • #24
  • Feb 9, 2007 6:23pm Feb 9, 2007 6:23pm
As originally estimated, many of our forum users started late in the forex world. 2 days into the poll, 75% of the respondents stared in 2005 or later.

Thanks to all who participated in the poll.
  • #25
  • Feb 12, 2007 8:00pm Feb 12, 2007 8:00pm
Quoting Igrok
1. I don't have any artificial model. My templates are based on natural market characteristics and regularities that can't be changed. Have had no need to refine anything yet.
2. The market schedule is still the same as before.
Igrok,

I've read your book "Beat the odds in forex trading".

Your templates focus mainly on EU and NY trading session. Do u trade during asian session ? Did u add anymore templates to Average Daily Range templates ?
The future depends on what we do in the present.
  • #26
  • Feb 12, 2007 9:44pm Feb 12, 2007 9:44pm
YES I too have read the book !!! It is good !! I have only limited budget and needed a good book... I chose that one... the templates are great !!!
  • #27
  • Feb 14, 2007 9:03pm Feb 14, 2007 9:03pm
Ggreat Igrok. I will get a copy of that book.
  • #28
  • Feb 15, 2007 3:22am Feb 15, 2007 3:22am
Quoting compro99
Igrok,

I've read your book "Beat the odds in forex trading".

Your templates focus mainly on EU and NY trading session. Do u trade during asian session ? Did u add anymore templates to Average Daily Range templates ?
I do trade sometimes during asian session but rarely on the templates based on the ATR. Also you have to remember that average trading range ideas could be used for a time frame bigger than just intraday.
  • #29
  • Feb 15, 2007 7:15am Feb 15, 2007 7:15am
Anyone who haven't read Igorok's book should get it, its one of the better books out there without all the hype and bull*&?>. A lot of nice templates and strategies at the end of the book.

====

Igorok,

Will you be creating any alerts with the templates and strategies you present in the book? Only if I knew how to code in MT4....

ET
  • #30
  • Feb 15, 2007 9:26am Feb 15, 2007 9:26am
Quoting et_phonehome_2
Anyone who haven't read Igorok's book should get it, its one of the better books out there without all the hype and bull*&?>. A lot of nice templates and strategies at the end of the book.

====

Igorok,

Will you be creating any alerts with the templates and strategies you present in the book? Only if I knew how to code in MT4....

ET
Cannot be coded in MT. But I'm currently working on a black box. The task seems complicated enough. Will take time to make it a good product.
  • #31
  • Feb 16, 2007 11:21am Feb 16, 2007 11:21am
Igrok,

Care to share yr templates for asian session ?
The future depends on what we do in the present.
  • #32
  • Edited 7:47pm Feb 16, 2007 7:32pm | Edited 7:47pm
Quoting compro99
Igrok,

Care to share yr templates for asian session ?
I'm a bit confused. If you mean the templates that would fit completely into Asian session, when a position gets open and closed within this short time frame, then I don't have any. The market usually just doesn't make ranges big enough to set any reasonable target. I also never enter the market targeting less than 50-70 pips which is a rare situation for Asian market. If you want me to give you an idea about how a position can be open during Asia, then all the templates based on longer-term standard formations would work. The latest opportunity to trade a standard pattern based template # 19.12(a) took place last Monday (02.12.07) on USD/CHF. Same position at a little bit worse price could also be taken in the beginning of the next trading day during Asian time.
  • #33
  • May 10, 2007 4:39pm May 10, 2007 4:39pm
If you want to read some great stuff on pre-euro currency trading from an institutional player, I highly recommend the interview with Bill Lipschutz in Jack Schwager's The New Market Wizards. Provides a glimpse into how the biggest of market players trade. From their perspective, I doubt things have changed all that much since the 1992 publication date.
  • #34
  • May 11, 2007 7:43am May 11, 2007 7:43am
I've been dabbling on and off with FOREX for about two years... nothing too serious. However, I've been trading for just over four years in stock options.
  • #35
  • May 11, 2007 3:48pm May 11, 2007 3:48pm
About 1 month myself...
  • #36
  • Last Post: May 11, 2007 9:02pm May 11, 2007 9:02pm
just 5 month, when all said 90% will fail, i 'm scared and only trade using up to 4000% margin lv or so, one way and survived, fiuh ...it reached 600% on feb 07
0 traders viewing now