Is trading complicated? | Forex Factory

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Is trading complicated?

  • #1
  • First Post: Apr 12, 2011 12:05pm Apr 12, 2011 12:05pm
Well, most of my friends said that trading is a complicated business.

Most of my trading friends have tons of indicators, EA. They usually have tons of screen to track news on multi-channel television programs, check future volumes, check multiple time frame, check cross pairs, check bond yields, check blah blah blah in order to make few trading decisions.

Is it really complicated like that to be profitable??

A lot of people say that every person have personal trading style. Do you really need a complicated lifestyle to make a living? Do you need to be a mechanical engineer to drive your car? Do you need to be a surgeon doctor to realize that you have broken your legs?

  • #2
  • Apr 12, 2011 12:55pm Apr 12, 2011 12:55pm
Quoting visser300
Well, most of my friends said that trading is a complicated business.

Most of my trading friends have tons of indicators, EA. They usually have tons of screen to track news on multi-channel television programs, check future volumes, check multiple time frame, check cross pairs, check bond yields, check blah blah blah in order to make few trading decisions.

Is it really complicated like that to be profitable??

A lot of people say that every person have personal trading style. Do you really need a complicated lifestyle to make a living? Do you...
the more odds you have in your favor, the less risky the trade is. So your friends might not be so wrong to do all that.

You need to know how the whole body works in order to perform an operation on one organ. So, yes it might in fact be that complicated.

On the other hand, if you have already acquired extensive knowledge about the market, trading is rather easy and then you only focus on the really important information.
  • #3
  • Apr 13, 2011 4:30pm Apr 13, 2011 4:30pm
Trading in itself is not complicated. It's actually pretty simple. People make it much more complicated than it actually is. However, it is not easy. There is a lot of work involved and you must be consistent in your actions.
  • #4
  • Apr 13, 2011 10:06pm Apr 13, 2011 10:06pm
Quoting visser300
Well, most of my friends said that trading is a complicated business.

Most of my trading friends have tons of indicators, EA. They usually have tons of screen to track news on multi-channel television programs, check future volumes, check multiple time frame, check cross pairs, check bond yields, check blah blah blah in order to make few trading decisions.

Is it really complicated like that to be profitable??

A lot of people say that every person have personal trading style. Do you really need a complicated lifestyle to make a living? Do...
Hey, if you didn't get the answer before you read this post, hopefully i can answer/give you an idea. It doesn't have to be complicated like that, but you should think of it as if you are making money someone else is losing, so they(your friends) are trying to be ahead of the game. You don't need a complicated lifestyle either, i guess it's that obsession that will make u succeed. i have a family friend who is making it big in the foreign exchange, but he was well off to start with. i have another family friend who lost over 3 grand in 1 night and he wasn't a dummy, he is working for a pharmaceutical company and has his masters with some science thing. Forex trading wasn't for him. Just like everyone else it might not be for you or it might be.
  • #5
  • Apr 15, 2011 7:17pm Apr 15, 2011 7:17pm
Quoting visser300
Well, most of my friends said that trading is a complicated business...Most of my trading friends have tons of indicators, EA. They usually have tons of screen to track news on multi-channel television programs, check future volumes, check multiple time frame, check cross pairs, check bond yields, check blah blah blah in order to make few trading decisions....Is it really complicated like that to be profitable??
Trading can be as complicated or as simple as you choose to make it.

Yet most are better off by keeping it simple. Those who complicate it are really trying to "out-wit" the market when it is not neccessary to do so.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6
  • Apr 15, 2011 9:50pm Apr 15, 2011 9:50pm
Quoting HiddenGap
Trading can be as complicated or as simple as you choose to make it.

Yet most are better off by keeping it simple. Those who complicate it are really trying to "out-wit" the market when it is not neccessary to do so.
Can you beat the rat?

Originally posted by FrankenPip: "Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE

I believe the rat will beat you"
The Thief of Wall Street
  • #7
  • Apr 15, 2011 11:46pm Apr 15, 2011 11:46pm
Occam's and Einstein's razor.
However to know what is complicated and unnecessary is in itself complicated.
  • #8
  • Apr 16, 2011 12:17am Apr 16, 2011 12:17am
If you know what you are doing, it's not complicated.

If you don't know what you are doing, it can be a casino.

Seriously, you need to stick to some rules and understand why the market moves, how it moves and when it moves.
The Black Swan: The Impact of the Highly Improbable
  • #9
  • Apr 16, 2011 2:33am Apr 16, 2011 2:33am
i think the game is simple. if you win by luck or by system you are genius.
If you lose by luck or system ure a gambler.

Simple as life is
  • #10
  • Apr 16, 2011 8:34am Apr 16, 2011 8:34am
Quoting Chicky
Can you beat the rat?

Originally posted by FrankenPip: "Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in...
It's not the pattern or pattern-seeking, it's how effective the pattern is compared to what area it reduces the randomness of.
The rat did the simple thing, a simple statistical model of different areas the reward goes.
The human had a chance to make an additional thing to refine this model, looking for tells provided by the people who control when they get food -- a certain body motion, a different pathway when moving the reward from storage to the maze, and so on.
If one of the students had both figured the rat's model and tacked on some tells from the reward providers, before spreading the news to the other students, then the students would have done better than the rats.
As the experiment shows, however, this is an unlikely occurrence.
  • #11
  • Apr 16, 2011 9:01am Apr 16, 2011 9:01am
Eh, don't post crap from that tard FrankenPip aka TRO.
  • #12
  • Edited 10:44am Apr 16, 2011 10:33am | Edited 10:44am
Trading is only as complicated as you make it, and we as humans tend to make everything far more complicated than it needs to be.

Take this spreadsheet of trade results for example..... the system that generates these results takes only a few minutes a day to trade, in fact it takes longer to start up the computer than it does to analyze and make the trade decision.

The only pair traded is the EUR/USD.
The EUR/USD at the time of this post closed at 1.4429 ... So this position is still in profit 1091 pips at this point.
For a total profit from Jan 13, 2010 of 3721 pips so far..... and 972 pips year to date.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-04-16 at 8.25.08 AM.png Size: 130 KB
  • #13
  • May 6, 2011 1:36pm May 6, 2011 1:36pm
your brain will turn to mush!! :-) What do you think?
  • #14
  • May 6, 2011 4:37pm May 6, 2011 4:37pm
Knowing where price will turn and go to is very easy with a lot of chart time and no exposure to any indicators other than perhaps a macd for divergence.

Controlling your own emotions on the other hand can be extremely difficult, and is the greatest hurdle traders must overcome.

Control your fear and greed and you will control your destiny.

Best

If
  • #15
  • May 6, 2011 5:49pm May 6, 2011 5:49pm
its only as hard as you make it my friend
Searching for a cure...:nerd:
  • #16
  • May 8, 2011 7:43am May 8, 2011 7:43am
Quoting funlovinj
its only as hard as you make it my friend
yeah. But we can make trading system simple. ayt? By just understanding how the systems works. It makes the system soft and simple.
  • #17
  • May 9, 2011 7:16pm May 9, 2011 7:16pm
Trading is easy. When the edge of your axe is sharpened you apply less strength. In January 2011, God by His Spirit granted me revelation knowledge about this market. ALL YOU NEED IS TO DRAW LINES & MOVE THEM IN SPACE. It works on ALL timeframes. Refuse to struggle, get adequate knowledge about drawing lines and you would be amazed @ how easy trading is. Alot of great traders have spoken already (hidden gap, mapleleaf, ha pattern etc) and they have given precious advice. I don't speak empty words, if anyone doubts what I say about lines being ALL that is needed, lets create an open forum here on FF for me to prove my assertions. Meshach.
  • #18
  • May 9, 2011 8:04pm May 9, 2011 8:04pm
Trading is about taking an Interest in The Planet.
Geo, Macro & Micro.
That's it!
Oh! but then there's the little melter.
With a little Economics tossed in.
B
  • #19
  • May 9, 2011 8:14pm May 9, 2011 8:14pm
Quoting forexcompoun
Trading is easy. .. lets create an open forum here on FF for me to prove my assertions. Meshach.
Let's do exactly that & I think YOU should be the Author.
Bill or BMc or Bemac. Whichever you know me by.
I will, I should fore warn you, look back upon some trades that turned from Hope to Fear to Faith & none seemed to work.
None of them Worked. I Made a bad Trade & I Paid.

I offer you caution on any response. If you think ANY Almighty is going to assist you in this endeavour; Please Name Him.


B
I love My God But I don't ask him to pay the Rent!
  • #20
  • May 10, 2011 1:00am May 10, 2011 1:00am
Quoting forexcompoun
Trading is easy. When the edge of your axe is sharpened you apply less strength. In January 2011, God by His Spirit granted me revelation knowledge about this market. ALL YOU NEED IS TO DRAW LINES & MOVE THEM IN SPACE. It works on ALL timeframes. Refuse to struggle, get adequate knowledge about drawing lines and you would be amazed @ how easy trading is. Alot of great traders have spoken already (hidden gap, mapleleaf, ha pattern etc) and they have given precious advice. I don't speak empty words, if anyone doubts what I say about lines being ALL...
no need to create a thread. Just set up the "trade explorer" with your live account and then we can see your live account grow.

That should prove how good of a trader you are.
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