I don't get it, it is just not right | Forex Factory

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I don't get it, it is just not right

  • #1
  • First Post: Sep 26, 2005 5:06pm Sep 26, 2005 5:06pm
Let me start of and say sorry to vent. I've been busting my butt off developing a system that works for me and I feel comfortable with for the last 3 month ( by the way all of you here are awesome people and I want to thank you for all of your advise. ) I finally am seeing good results using this system when I stick to it. I am happy about this, Anyway my issue. I have a friend that just got involved in Forex with some company call Easy Forex. The name makes me laugh because in my opinion it is not easy. I've work hard read lots of books, did lots of research. I still have alot to learn. But came up to me today and said he has made $ 500 in the last 2 weeks just following their arrows. I barely did $250 and I sweated for those. If forex was so easy why am I killing myselt. Anyone can blindly follow arrow, but he made more GRRRRRRRR. I am done ranting now thank for listening
Fdisk Please I just want a few pips. Is that too much to ask?
  • #2
  • Edited Sep 27, 2005 4:09am Sep 26, 2005 5:13pm | Edited Sep 27, 2005 4:09am
Quoting fdisk
I have a friend that just got involved in Forex with some company call Easy Forex.
fdisk, dont get frusterated man! its only 2 weeks you are looking at. trading is a marathon, not a sprint! also, you now have a system that you can be proud of (it made money in real time, and thats something to be proud of) and your friend just has some little arrows he is looking at.
Relax and be happy.
  • #3
  • Sep 26, 2005 5:22pm Sep 26, 2005 5:22pm
Diskman relax!!! Wait for a month and then see what happens when his little arrow goes up and the market goes down (20 times in a row). He will be looking for a new guru or system. You may even end up teaching him, if your up to it.

I've done my reasearch on easyforex and it's not what your lead to believe.
Pipmon
LETS PLAY HOCKEY!
  • #4
  • Sep 26, 2005 5:45pm Sep 26, 2005 5:45pm
If you are really convinced that trading Forex is not easy (It is not in my opinion as a full-time trader, it's one of the hardest jobs you can take in your life), then you won't be frustrated if your friends made $100k in a month just following the arrows.

You know better than him, because you dedicated time and money to know, he didn't.

You time the market better than him, because you have a system and a strategy, he doesn't.

You manage your money better than him because you know your system drawdown, he doesn't because Easy Forex or whatever won't manage his money for him, they will just send him arrows.


If you are convinced and sure that Forex is about consistency, not luck, about accumulating profits, not winning red 3 times in a row betting on a roulette wheel, about managing yourself, your emotions and your account, not just pushing the button, if you are convinced and sure about all these things, you will laugh at yourself, and will try to give your friends some advice. The best advice for him is, ok, you won $500 in 2 weeks, why don't you reserve your capital and trade with the $500 only with Easy Forex. Folow their arrows, go with them, do whatever they say. If you managed to grow the $500 over the next year, then this is great, if you lost them, you saved your ass, and lost money you simply won in a casino.

Just have faith in yourself

Thanks,

Nader
  • #5
  • Sep 26, 2005 6:15pm Sep 26, 2005 6:15pm
Nader!,

You took the words right out of my mouth!!!... I had a similar experience..... For my two pips: don't get drawn into anything that has the words, "easy", "quick", "guaranteed".

PipBull
  • #6
  • Sep 26, 2005 7:49pm Sep 26, 2005 7:49pm
Quoting fdisk
Let me start of and say sorry to vent. I've been busting my butt off developing a system that works for me and I feel comfortable with for the last 3 month ( by the way all of you here are awesome people and I want to thank you for all of your advise. ) I finally am seeing good results using this system when I stick to it. I am happy about this, Anyway my issue. I have a friend that just got involved in Forex with some company call Easy Forex. The name makes me laugh because in my opinion it is not easy. I've work hard read lots of books, did lots of research. I still have alot to learn. But came up to me today and said he has made $ 500 in the last 2 weeks just following their arrows. I barely did $250 and I sweated for those. If forex was so easy why am I killing myselt. Anyone can blindly follow arrow, but he made more GRRRRRRRR. I am done ranting now thank for listening
How much did he have to risk and how big were his stops to make that $500? Could have just been a couple of lucky weeks he had.

JohnFX
  • #7
  • Sep 26, 2005 7:53pm Sep 26, 2005 7:53pm
Quoting JohnFX
How much did he have to risk and how big were his stops to make that $500? Could have just been a couple of lucky weeks he had.

JohnFX
took the words right out of my mouth.
  • #8
  • Sep 26, 2005 8:10pm Sep 26, 2005 8:10pm
Thank you all. i just had to vent because the little experience I have had has proven it is not just a matter follow arrow or luck but probabilty, money management, disopline, patience, study and work. I don't know how much he invested. he mentions something like the course and everything was $5000. I just know Forex isn't easy if it were everyone could do it but many fail. I want this to work and I am willing to put in the effort, time and money to be successfull. I just feel my friend is trying to mock my hard, because he said here you are with all this testing of system watching chart and indicators for what a few buck I just follow the arrow and make more then you and do have to really watch anything but the arrows. I just said best of luck I would rather know what I am doing and not follow something blindly. I am developing a life time skill that will payoff in the long run. But I wish you luck. and then I walked away very let say pissed of. Because he said as I walk away I made dubble what you did with less effort. Sorry once again for venting. I just pissed

Fdisk
Fdisk Please I just want a few pips. Is that too much to ask?
  • #9
  • Sep 26, 2005 9:53pm Sep 26, 2005 9:53pm
Quoting fdisk
Thank you all. i just had to vent because the little experience I have had has proven it is not just a matter follow arrow or luck but probabilty, money management, disopline, patience, study and work. I don't know how much he invested. he mentions something like the course and everything was $5000. I just know Forex isn't easy if it were everyone could do it but many fail. I want this to work and I am willing to put in the effort, time and money to be successfull. I just feel my friend is trying to mock my hard, because he said here you are with all this testing of system watching chart and indicators for what a few buck I just follow the arrow and make more then you and do have to really watch anything but the arrows. I just said best of luck I would rather know what I am doing and not follow something blindly. I am developing a life time skill that will payoff in the long run. But I wish you luck. and then I walked away very let say pissed of. Because he said as I walk away I made dubble what you did with less effort. Sorry once again for venting. I just pissed

Fdisk
You are on the right path. Your friend is not. You will succeed because you are paying the price. Your friend will fail because he's taking the "easy" way. In the end, you will have the last laugh, and it wont take very long for that end to arrive.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #10
  • Sep 27, 2005 7:05am Sep 27, 2005 7:05am
If you still question or are curious, why not go to the forum for that system or to M o n e y T e c.... and see what other users are saying. Most likely there will be 'weeping and knashing of teeth'.

Lou
  • #11
  • Sep 27, 2005 10:22am Sep 27, 2005 10:22am
Your friend is willing to trust someone else with his money, and you're ...................... not that dumb

Best of luck to you ... and your friend
Habeeb
Keeping it Simple
  • #12
  • Oct 1, 2006 4:40pm Oct 1, 2006 4:40pm
Spreads and Commission Taken From Easy-forex.


VIP and tailor-made accounts: 3 pips;
Platinum accounts: 5 pips;
Gold accounts: 7 pips;
Mini accounts: 10 pips.


*10 pips ??!!! *
  • #13
  • Oct 1, 2006 4:57pm Oct 1, 2006 4:57pm
Come on Fdisk. I've read your stuff. Your working too hard and already know way too much to let some guy get too you.
I work with a guy who basically puts his balls on the table all the time. I think he's invested between 2 and 4 grand out of pocket. He's been made over 30,000 but lost most of that. When they liquidate your account you still have some. I'm not making fun of him I've been liquidated too. He's learning just like us. He has had more success than I do but has also had much bigger losses. In the end your going to be ahead and I'm pretty sure you already know it.

I'm not saying he's right or wrong. The cool thing about Forex is its every man for himself at a click of the button.

Besides. 5000 dollars on system? This guy must be loaded already.
  • #14
  • Oct 1, 2006 5:22pm Oct 1, 2006 5:22pm
This is not easy! I have seen the same silly info-mercial.

Your friend will RED arrow and Green arrow himself to the poor house. We all know that it takes strategy, timing, research, patience, and GUTS to be in this business (and it is a business!)

Take heart, you have put in the time . . . it is a marathon. It will happen for you over time.


K
  • #15
  • Oct 1, 2006 5:26pm Oct 1, 2006 5:26pm
Quoting fdisk
Thank you all. i just had to vent because the little experience I have had has proven it is not just a matter follow arrow or luck but probabilty, money management, disopline, patience, study and work. I don't know how much he invested. he mentions something like the course and everything was $5000. I just know Forex isn't easy if it were everyone could do it but many fail. I want this to work and I am willing to put in the effort, time and money to be successfull. I just feel my friend is trying to mock my hard, because he said here you are with all this testing of system watching chart and indicators for what a few buck I just follow the arrow and make more then you and do have to really watch anything but the arrows. I just said best of luck I would rather know what I am doing and not follow something blindly. I am developing a life time skill that will payoff in the long run. But I wish you luck. and then I walked away very let say pissed of. Because he said as I walk away I made dubble what you did with less effort. Sorry once again for venting. I just pissed

Fdisk
It's worth noting that he is not +$500 he is actually -$4500.
Secret Identity: Bill Sullivan
  • #16
  • Oct 1, 2006 5:44pm Oct 1, 2006 5:44pm
Quoting Captain Piptastic
It's worth noting that he is not +$500 he is actually -$4500.

Yup Yup, was just going to point it out. Fdisk, you've already made more than this guy ever will...you just don't have it in your account yet.
  • #17
  • Oct 1, 2006 7:11pm Oct 1, 2006 7:11pm
fdisk, keep your head up. We all know how hard it is to make money in this business.

I'm just now becoming consistent and trust me, I've experienced the feelings you're expressing right now and then some.

Also, you have to kinda love researching, working on systems, and whatnot to keep at this. So look at yourself truly and ask whether or not messing with charts and coding (if you're a systems developer, which almost all serious, profitable traders are), and whether or not it interests you. If not, then I wouldn't consider this as a career.

And if you're not considering it as a career, then you should be doing something else, otherwise you won't take it seriously enough, and in the end, lose all your capital.

Trust me, it's not fun looking at your wife and telling her you lost almost an entire year's tuition at a major university. Her face will turn white.

Just keep on keeping on. You'll get there.
Mr. Trend
  • #18
  • Oct 1, 2006 7:27pm Oct 1, 2006 7:27pm
fdisk, check this article out from Innerworth.

<TR><TD style="FONT-WEIGHT: bold; FONT-SIZE: 18px; COLOR: rgb(51,102,51)">Focusing On You and the Markets
</TD></TR><TR><TD style="TEXT-ALIGN: justify">
Throughout our lives, we are told that the key to success is to compete with others, and beat them. We compare ourselves to others, inspire ourselves to do better, and try to outperform our peers. As children playing sports, we were advised to hone our skills and become a star player. In school, we were often told that higher grades were the key to long-term success, and that we better get them, or else we would fail. And when we enter the working world, we learn that survival depends on beating out our competition. But when it comes to trading, you aren't actually competing with anyone but yourself. When it comes to trading, an obsession with winning can actually do more harm than good.
http://www.innerworth.com/images/20060929.jpg


Comparing our performance with others does seem to have some advantages. Knowing that a goal is attainable is often a powerful motivator, for example. Several scientific discoveries were slow to materialize because they were thought impossible at first. But once the goals were deemed feasible through comparisons to others in the scientific community, progress was accelerated. But comparisons can also have adverse influences. Ironically, people who achieve great things usually work independently. They follow their own timeline, follow their own passion, and look inward for where to go next. Trading is a similar creative process. You are the only one who needs to hone your trading skills. You are the only one who must find a method that matches your aptitudes and personality. Comparisons to other traders can often prove problematic. How you perform has nothing to do with how others perform. And comparisons are likely to cause upsetting emotions, such as jealously or envy. Upon seeing that you are doing relatively poorly compared to a fellow trader, you are likely to think distracting thoughts such as, "Why can't I do as well?" or "I must not be as good of a trader as I had thought," Such thinking does nothing to keep you focused on honing your trading skills.

Don't look at anyone else's record but your own. You'll often be tempted to compare your current performance to that of others. That's how it's been throughout your life, and it's not easy to change a lifelong pattern overnight. But with trading, you must restrain this urge. Everyone has a different learning curve. To keep your spirits up, you'll do best as a trader to focus on improving your past performance record in your own time and in your own way, rather than trying to match other traders. You don't know what factors created their performance records, so comparisons can only mislead and hinder you. Other people's records do not have a direct bearing on your own record. Who cares if you make 50% less than other traders? Your energy should be focused on making yourself a master trader as defined on your own terms, not on beating others. Such comparisons will only disappoint and distract you. Focus on you, the markets, and nothing else. You will trade more calmly, creatively and profitably.
</TD></TR>
"Even the word impossible says that I M possible"
  • #19
  • Oct 1, 2006 7:36pm Oct 1, 2006 7:36pm
Skyline, that was beautifuly written and thought out, thanks for that.

What I want to point out is that the guy using the easyforex arrows, he's probably jealous because he has no clue how to read a chart, let alone perform any technical analysis of it. He's living in fear, and he's secretly wishing he was where you are. Don't let him get to you.
  • #20
  • Oct 1, 2006 8:03pm Oct 1, 2006 8:03pm
Quoting Captain Piptastic
It's worth noting that he is not +$500 he is actually -$4500.
fdisk... if this guy paid $ 5000 for the software then he made a bad trade before he started. I have seen these seminars... same as 4 x made easy.. actually I believe it is a spin off of that company. Anyway he bought the software at top dollar. At those seminars you can bargain with the salesman. I have read about some who have paid that much and some who paid half or even less. That was with the 4 x made easy. So he is big time in the hole in my book. And what have you done with your $ 5000 ? Using it for capital ? For training? What does he know... red from green? Try making a Fib study and then tell him where price will probably go. When it does, I wonder what he will say?

Lou
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