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Is making money in FX that easy?

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  • First Post: Edited 6:43pm Apr 14, 2010 6:33pm | Edited 6:43pm
so if the price goes up ? you go up with it ? buy

if the price goes down you go down with it ? sell


what are your thoughts on this ?

is it that easy ......... lol
Yes it's that easy.

To play football like Maradona you just kick an inflated pigs bladder round a field.
I think if we took 100, 5 year olds, and taught them which buttons to press, i would bet good money that they would do better then 100 well educated intelligent adults.

Okay so maybe that statement is a bit drastic, but open your chart, look at where price is on the left hand side of your screen, and then look at where price is at the right of your screen, is price moving up or is it moving down? place your trade in that direction. try it.
Quoting Ted1983
Yes it's that easy.

To play football like Maradona you just kick an inflated pigs bladder round a field.
hahahahahahahaha....puhhh....no more...please...
Quoting Ted1983
Yes it's that easy.

To play football like Maradona you just kick an inflated pigs bladder round a field.
Yeah, you just got to remember you're playing football though, not handball, the clue is in the name!


http://www.bbc.co.uk/radio1/chrismoy...scandals/2.jpg
Quoting Kyle_Vee
I think if we took 100, 5 year olds, and taught them which buttons to press, i would bet good money that they would do better then 100 well educated intelligent adults.
lol, quite likely, kids keep things simple, adults always needs reasons, confirmation, they like to complicate everything.

Probably some deep Freudian psychology here...
easy to open a position! so yes it's easy to go up or down, the difficult part comes when you wanna exit...
Quoting pipmutt
Yeah, you just got to remember you're playing football though, not handball, the clue is in the name!


http://www.bbc.co.uk/radio1/chrismoy...scandals/2.jpg
Still the best ever though. And a complete bastard aswell, unfortunately.
Quoting Ted1983
Still the best ever though. And a complete bastard aswell, unfortunately.
A real legend for sure.
Quoting Kyle_Vee
I think if we took 100, 5 year olds, and taught them which buttons to press, i would bet good money that they would do better then 100 well educated intelligent adults.

Okay so maybe that statement is a bit drastic, but open your chart, look at where price is on the left hand side of your screen, and then look at where price is at the right of your screen, is price moving up or is it moving down? place your trade in that direction. try it.
" All that matters is: Which way is it going? Right now. Or to put it another way:

To be really successful in markets we must look at them through the eyes of a five year-old." J Welles Wilder, The Adam Theory Of Markets, P. 17.
Wyckoff VSA: (1) Supply vs Demand (2) Effort vs Result (3) Cause vs Effect
thanks to all the guys that posted here.

I ve started trading like a 5 year old on a demo account thou

out of 10 trades all are in profit ranging from 20 pips to 120 pips so far my demo account is live so it Merry's up with the real market

oh why bring up the hand of god ??? lol

getting out can be a difficult area now ?

i use a stoploss to get me out but even then deciding where to put it leads to a puzzling emotions and mind?

ive done trading for a bit in loads of other things but made my home here.

i am a fan of price action over indicators any day now

plus you guys know your stuff to and if your saying it too im not arguing

Thanks again for the advice and your thoughts

as for the hand of god

im a man ill make my own luck
lol

but then again a helping hand cant hurt lol

cheers guys
Quoting Kyle_Vee
I think if we took 100, 5 year olds, and taught them which buttons to press, i would bet good money that they would do better then 100 well educated intelligent adults.

Okay so maybe that statement is a bit drastic, but open your chart, look at where price is on the left hand side of your screen, and then look at where price is at the right of your screen, is price moving up or is it moving down? place your trade in that direction. try it.
think your right on that one
The only thing is a time frame and the value of movement considered either up or down. Daily movements and thick movements have not the same weight for judging about the market trends.
Quote
so if the price goes up ? you go up with it ? buy

if the price goes down you go down with it ? sell


what are your thoughts on this ?

is it that easy ......... lol

Side by side keep searching for an alternate career as well. After getting bust in Forex, you will need an alternate career to fall back on.
Quoting kingfisher
Side by side keep searching for an alternate career as well. After getting bust in Forex, you will need an alternate career to fall back on.
heh, take it easy dude
Quoting swano
so if the price goes up ? you go up with it ? buy

if the price goes down you go down with it ? sell


what are your thoughts on this ?

is it that easy ......... lol
Like all things in life. This is easier said than done.

You need to take into account the whip-saws and trading ranges. If a market is ranging, your strategy is designed to trending environments. You will be caught out - "naked punting is for idiots" as someone famously once said.

Whether you are a retail trader, institutional trader or prop trader. It all comes down to this: "There is only one bottom line on Wall Street and that is how much money you will make."
"The trend is your friend, until the end."
No Its not and never will be. Oh yea let me clear my mind ,then look at a chart for 2 seconds if its going up I go long No wonder 95% in this business go broke.
If any 5 year old can trade then please bring them forward. That's why Citibank has decided to start recruiting from the local preschool.
Quoting swano
so if the price goes up ? you go up with it ? buy

if the price goes down you go down with it ? sell


what are your thoughts on this ?

is it that easy ......... lol
Seems you spent a lot of time in one of the under consideration commercial threads.

Yes, making money in forex is easy, ..................... From trading? .........is another question.
The Thief of Wall Street
Oh and another thing, at times It can be insanely stressful. Most people go to work knowing at the end of the day they'll have something to show for it.
Kyle_Vee mentioned that slightly guided 5 years old could do better at Forex than market educated individuals. Why so?

Is there any real science to this?
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