Trading forex profitable is impossible!

Your error is a common one with newbies and a most difficult issue to change psychologically. The fallacy that you must make your daily bread from the markets as if you are working a 9-5 and feel you should collect a check every other Friday. This is the reason so many newbies cash out so quickly.

Trading is not like that. A trend follower may only catch 2 or 3 trends a year and make their yearly profit target in a few months. By your thinking this same trader is a failure cause he is not profitable 'day after day'.

Quote: "You are wrong. The rules of a trading system and therefore the outcome don't change because I am positive, negative, sick, dead or alive."

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then why is that all the EA everyone makes can't make money consistently but there are traders that make consistent money for years.

So obviously there is an x factor there that quite simply can't be put into a mechanical system.

Experience is king my friend. The only system that works is the one you build for yourself from all the concepts and experience you have from trading.

The sooner you learn that the sooner you will be headed in the right direction.

You clearly didn't read the whole thread. I am the only one saying all the time that the only profitable way of forex trading is catching on the long term trends.

And where does this thing come from that I need to make money, quit my job/university, or want to become rich quickly? I never said such thing. I am just thinking about things in a psychological way.

Maarten

trading long term trends is a personal style every trader has his/her own way of trading.

just cause you can't trade short term doesn't mean others have not found a way to profit from short term moves.

be it fibo retracements or whatever the case may be.

You are correct, I was just cruising through last posts as I am bored. Your rigidity of thinking is not a trait that is conducive to successful trading. There are many styles and many trends.


There is a rumor that FF will soon open a "Hobbiest" area.

Very accurate statement! Small bits of wisdom here

by just messing around with a demo, how do you expect to really learn anything.

No I don't flip a coin, and you obviously did not read my tag line which by the way is in BOLD TYPE

and as with any system there are periods of drawdown.... rid them out with proper MM and the rest is money in your pocket.

mrgreen, why waste time with these types of threads. we both know what will happen in the end with this guy. It is like pushing on a string. nothing will ever come of it. LOL He has just too many defenses.

It will be interesting to see if he does survive for say ten years and then get his opinion of trading.

Good trading everyone.

The rules don't change but you do and that is when the failures come more frequently. Because you don't follow the rules.

People lose their money because of two simple reason.

1) Poor Money Management
2) Usage of stop loss

My system DO NOT USE STOP LOSS. Why bother to use stop losss when you know the direction?...Check out my "Buaya Puteh" system.Cheers!

Isnt this a contradiction? I always thought that it was poor mm to not use a stoploss.

Sounds like you are a regular train dodger... one day the train will be faster... just wait.

I don't trade with stops anymore either, does this mean one day I will lose it all hmmmm I think not if I did then a stop would not have worked anyway. lol that is beside the point, to the original poster trading forex is not impossible. Think outside of the box, look at what almost everyone on FF is doing and do the opposite. lol it sounds so vague but there is truth behind that statement if you look hard enough

And still, no one has come with some good arguments that trading year after year is going to be profitable. There are a lot of good strategies out there, but if you turn them in a EA and test them then, you will see that in the end they always blow themselfs up.

want to hear my argument? i am trading for a living several years. I trade intraday and weekly swings. Trading is not easy but when you know how to trade money comes effortlessly.

So what you want is an EA so you can do nothing and let money roll in. The markets are ever changing thus you must be able to adapt to them this is why in my opinion trading profitable requires some level of discretion.

A newbie who wants to impose his rigid way of thinking on the markets, LOL

I guess we have all been there at some point.

Once the ego breaks down then you can start learning.

All you guys claiming to be profitable in fx now have to prove it. Post your statements here and now. You talk the talk, now it's time to walk the walk.

No cheating. No demo acnts. Real money only. No photoshop images, don't even try because I can tell. In fact, don't even bother posting images because they're too easy to fake. PM me the user ID and password for your acnt so I can log in and have a look around. That's the only way for sure to prove your claims of "profitibility". After I'm 100% satisfied you are lying I'll come back and report to everyone what a scammer you are.

So let's get this dog and pony show on the road. Who's first? Let's make it snappy because I'm a busy guy and have better things to be doing with my time.

Come on. Whatsamatter? Chicken? HA! There see? I knew it! That proves it beyond any shadow of a doubt!

Trading forex profitable is impossible!

First off I admit I am not a full time "profitable" trader. But I've been studying and learning the market for 5 years and have traded a demo in that time profitably. I plan to go live soon, but I still figured I'd throw out my opinion.

Your right forex is in essence gambling. However comparing it to flipping a coin is not really correct. If you don't know what your doing or your just blindly following indicators then i guess it could be like a 50/50 chance or a chance you may never land on the side of the market you picked at all, but if you watch the markets long enough you can get the edge that can make gambling profitable. The key really is money management. The thing that seperates forex from other types gambling is being able to set your own risk reward ratio. You can trade strategies where your gains are many times higher than your loss, and that means you don't even have to win half the time and your still making money.

I guess that doesn't address your desire to see a real successfull long term trader show how they have been able to make a profit trading intra-day forex. Just thought id agree with your gambling statement, but i disagree with the coin flip comparison, unless you really sat and analyzed the hell out of the coin toss : if one side of the coin was heavier than the other, the speed of the flip, wind speed, phase of the moon ... then if you found some type of edge it would be an apt comparison.

Excellent post. Thanks Chris!

Trading profitably year after year, month after month, well if you do a little study, you will see that traders like that do exist. There are some good traders here that are doing that as well, just look at Jacko here at FF to name a few. The question isn't that if its possible or not, the question should be is it possible for you? Its not an easy game, and people that do succeed in this game truly love it, not for just the money that will come, but truly love the art. Atleast in my experiences, thats what I have seen. Believe it or not, even away from the west, if you travel to Asia or Middle east, you'll be surprised at the level of trader talent that exists there and the level of traders there that make their living off of trading income. I just read a post by Trout in FF, and it struck me when he said that all these big traders in the big banks, they don't really know what they are doing, or alot of em dont. There are alot more profitable independent traders out there that never went to work for a trading desk but learnt it the hard way by accumulating losses and winners as they go along and used their experience to eventually come up top. I totally agree with that, and I have come to meet people like that as well. It takes a certain type of person to be a trader, and believe me you will know whether you got it or not. I think everyone starts out thinking its easy or yea they can do it, but no one truly understands the countless hours of screen time necessary to be able to pick all the nuances of markets and recall all the past mistakes and victories and be able to accurately compute those scenarios into a profitable trade.
As far as systems, there is no true profitable system in my opinion. I look at systems as a tool, a tool that is a representation of the type of trader you are. Its how you use the tool that makes you profitable or not, why else do you think 100 people will look at one system and will have 100 different outcomes. Why do you think there's so many arguments over indicators are bullshit and Price action is king and all. In actuality they all have their place, people have made money using all of them, and none of them, its all upto you and how you use the tools at your disposal.
So I know you want some proof that trading profitably month after month is possible, but frankly, it doesn't really matter. Because you may or may not be cut out for this, and you can see a great trader do really well in forex like jacko or Igrok, or you can see the many that fail because they lack the patience, discipline, perseverence, raw talent or what have you. Think of it like med school, not everyone is going to make it out and be an MD and even the ones that become MD, not everyone will be a renowned specialist, and out of that not everyone will be talented enough to find a cure for a disease. Trading or being a trader is no different. There are different levels.
If you are truly serious about this issue, you will find alot of good mentors in the forum willing to steer you to the right direction and you're more than welcome to pm me. But dont expect anyone to give you profitable trades, cuz its a road one must walk alone and find it, everyone looks at the market differently and they all choose to take a slice of it their own way. You have to find your edge and what works for you, which means, you have to try alot of things to know what you don't like and what doesnt work for you.

Regards,

Ron