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Is trading that simple?

  • #1
  • First Post: May 16, 2012 7:18am May 16, 2012 7:18am
I found actual screen shots of EURUSD Trades. It is unbelievable! It made me wonder is Trading really that simple?

Do we really take into consideration this job, housing, import export data and all other million stuff then combine them with chart analyzing? May be this is all introduced as a charade to mask the simplicity of trading!
  • #2
  • May 16, 2012 8:27am May 16, 2012 8:27am
I guess many things makes it simpler than it seems but its not really that simple, it also depends on how you look at the whole thing not only the chart
  • #3
  • May 16, 2012 8:29am May 16, 2012 8:29am
Quoting reynuevo
Do we really take into consideration this job, housing, import export data and all other million stuff then combine them with chart analyzing? May be this is all introduced as a charade to mask the simplicity of trading!
Not completely, but I suppose yes!
  • #4
  • May 16, 2012 10:18am May 16, 2012 10:18am
Quoting reynuevo
I found actual screen shots of EURUSD Trades. It is unbelievable! It made me wonder is Trading really that simple?
Yeah but that doesn't make you a profitable trader, anyone can pull a EURUSD chart from last two weeks and say "hey that's easy I just gotta go short".

I'm going to wait until I take my trades, make a profit, withdraw that money to my bank, pay taxes, and then yes I will say "trading is really that simple".
  • #5
  • May 16, 2012 11:17pm May 16, 2012 11:17pm
Quoting calamardo
Yeah but that doesn't make you a profitable trader, anyone can pull a EURUSD chart from last two weeks and say "hey that's easy I just gotta go short".

I'm going to wait until I take my trades, make a profit, withdraw that money to my bank, pay taxes, and then yes I will say "trading is really that simple".
Yes I agree to you..
  • #6
  • May 17, 2012 6:31am May 17, 2012 6:31am
Quoting reynuevo
I found actual screen shots of EURUSD Trades. It is unbelievable! It made me wonder is Trading really that simple?

Do we really take into consideration this job, housing, import export data and all other million stuff then combine them with chart analyzing? May be this is all introduced as a charade to mask the simplicity of trading!

it depends what analysis you are using: technical, fundamental, a mixture of both ? what timeframes ? 30min, 4hr, daily, weekly ?

when you look in the past, every trading system made millions of pips, because everyone thinks they would have entered at the beginning of the trend and exited at the end of the trade. in 99% of the cases, this is not true.
Twitter: @forexpokerpro
  • #7
  • May 17, 2012 7:25pm May 17, 2012 7:25pm
I wish trading was that simple, as easy as reading a chart but in reality it is not. Guess, if Fx trading was easy, that would really take the fun out of the picture..
  • #8
  • May 18, 2012 5:28pm May 18, 2012 5:28pm
Quoting Forexnuts
I wish trading was that simple, as easy as reading a chart but in reality it is not. Guess, if Fx trading was easy, that would really take the fun out of the picture..
and everybody would be profitable
Twitter: @forexpokerpro
  • #9
  • May 19, 2012 12:52pm May 19, 2012 12:52pm
Quoting BBPI_fxtrader
and everybody would be profitable
Now, that's the wish of every trader out on the planet : for a simple down to earth strategy that he/she alone can capitalize on and make money out of it. Guess what, it already exists: Just develop an EA, market it as a "will make you a billionaire overnight", upload it online and watch the $$$ roll in.
Q: Oh, would the quest for the eternal trading strategy ever end? Answer: Nope!
  • #10
  • May 19, 2012 1:06pm May 19, 2012 1:06pm
Quoting reynuevo
I found actual screen shots of EURUSD Trades. It is unbelievable! It made me wonder is Trading really that simple?

Do we really take into consideration this job, housing, import export data and all other million stuff then combine them with chart analyzing? May be this is all introduced as a charade to mask the simplicity of trading!
The standard dumb answer is to say that trading is simple but it's not easy. If you can find the timeframes and pairs that suit you and come up with a system or pattern that is reliable half the time and that allows you to win more when you win than you lose when you lose then you're on the right track. The longer I keep doing this the more I realise that the old sayings are true, cut your losses short, let your winners run, etc. I think the only thing that changes as your experience develops is your understanding of what the sayings actually mean.
  • #11
  • May 19, 2012 4:34pm May 19, 2012 4:34pm
the thing is, trading is easy. but yet so immensely complicated. You can develop thousands of systems and they are all profitable when they are backtested. The only problem comes when you are trading them real-time...
Twitter: @forexpokerpro
  • #12
  • May 20, 2012 9:18am May 20, 2012 9:18am
Well, if it simple, then you will be rich and very fast.
  • #13
  • May 20, 2012 11:51pm May 20, 2012 11:51pm
Quoting TotalLoser
Well, if it simple, then you will be rich and very fast.
I'm rich but not bec. of trading
  • #14
  • May 22, 2012 3:14pm May 22, 2012 3:14pm
Quoting Hugh Briss
The standard dumb answer is to say that trading is simple but it's not easy. If you can find the timeframes and pairs that suit you and come up with a system or pattern that is reliable half the time and that allows you to win more when you win than you lose when you lose then you're on the right track. The longer I keep doing this the more I realise that the old sayings are true, cut your losses short, let your winners run, etc. I think the only thing that changes as your experience develops is your understanding of what the sayings actually mean....
I think this is probably the best reply in the thread that makes sense, for the moment ..
  • #15
  • May 22, 2012 9:52pm May 22, 2012 9:52pm
Quoting reynuevo
I found actual screen shots of EURUSD Trades. It is unbelievable! It made me wonder is Trading really that simple?

Do we really take into consideration this job, housing, import export data and all other million stuff then combine them with chart analyzing? May be this is all introduced as a charade to mask the simplicity of trading!

Trading is indeed super simple, however winning at the trading game is not so easy. You got a long road ahead of you. Anyone can see what happened in the past (hence a posted chart) but it takes a keen sense to know what is happening in the present. So Trading is super easy, and losing is even easier. Winning is quite the opposit my friend.

As far as Housing, import/export, and all the economic news releases, this is one of the hardest things about trading. I can see what money is doing without looking at that stuff but this took me 2.5 years to see what money is doing without that stuff. If you want to trade long term you need to know the news that affects long term, if you want to swing trade you need to decipher the news for swing trading, if you want to trade the news intraday/scalp/daytrade, you need to know what kind of news moves these types of markets. Does this sound easy?
Know when to hold em, Know when to fold em!
  • #16
  • May 23, 2012 4:20am May 23, 2012 4:20am
Some time ago, I read something like "forex is a business where the expert minority eventually take all of the money of the hapless majority".
From what I've seen, it's very apt.

I also like the simplicity of Gil Blake's advice to aspiring traders (from New Market Wizards):

1. Focus on trading vehicles, strategies, and time horizons that suit your personality.
2. Identify non-random price behavior, while recognizing that markets are random most of the time.
3. Absolutely convince yourself that what you have found is statistically valid.
4. Set up trading rules.
5. Follow the rules.

Trading is both as simple, and as difficult, as that.

  • #17
  • May 23, 2012 6:09am May 23, 2012 6:09am
Quoting hanover
Some time ago, I read something like "forex is a business where the expert minority eventually take all of the money of the hapless majority".
From what I've seen, it's very apt.

I also like the simplicity of Gil Blake's advice to aspiring traders (from New Market Wizards):

[left]1. Focus on trading vehicles, strategies, and time horizons that suit your personality.
2. Identify non-random price behavior, while recognizing that markets...
what Blake says is so true, and universally accepted as the way to trade, even here on FF, yet still so many lose money. I think a very important point that is self-included in point 5, but probably needs its own point is: learn how to be disciplined. Discipline is so important, it's unbelievable
Twitter: @forexpokerpro
  • #18
  • May 23, 2012 1:09pm May 23, 2012 1:09pm
Quoting BBPI_fxtrader
what Blake says is so true, and universally accepted as the way to trade, even here on FF, yet still so many lose money. I think a very important point that is self-included in point 5, but probably needs its own point is: learn how to be disciplined. Discipline is so important, it's unbelievable
Absolutely! And obviously so: to whatever extent the rules are broken, they are effectively worthless.

Maintaining discipline with any long-term consistency is possible only if the trader has complete confidence in his method, especially when the occasional losses inevitably occur, and test his mettle. And confidence is possible only to whatever extent the method has thus far proven itself to be profitable.

If a method is impotent, then no amount of discipline will make it profitable.

Moreover, if the trader doesn't have some kind of rules, or at least a clearly defined mode of operation, then he has no real framework to remain disciplined to.

Hence the order in Blake's mantra is spot on, IMO.
  • #19
  • May 23, 2012 5:43pm May 23, 2012 5:43pm
Trading "system" can be as simple as you make it, and you hear a lot of very successful traders have very simple systems. But finding a simple system that works for you is another thing. To use a simple system you really do need to have fantastic grasp of the chart and the way the price moves, which only comes from experience and by developing certain amount of pattern recognition.

Also its not just about system, whats equally important is money management.
  • #20
  • May 28, 2012 5:55am May 28, 2012 5:55am
Is trading that simple? It seems in the first sight, but actually it's the hard work. sometimes to catch the trend very difficult and it takes a lot of time and powers
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