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Trading forex profitable is impossible!

  • #141
  • Jun 26, 2012 12:52am Jun 26, 2012 12:52am
Quoting Mingary
I see ... I kindly submit to you that we reverse that statement:

Claiming it is "possible" to succeed and stating is as "fact" requires objective proof. Without this proof, it is not a "fact" but just an opinion.

I am afraid you are still not proving your point.

Let's say I place a trade and it makes money. It is then a fact that that I have a "long term success" of 1 trade that lasted 2 hours.
Let's make it a losing trade. Then it is a fact of a "long term failure" of 1 trade that lasted 2 hours.

Now can you show me...
Oh dude, it's quite sad, now you are resorting to putting long term into some kind of alternate perspective.
You don't believe in "intelligent" design??
Not surprising really, it's very hard for us to understand that which we
do not have
Come with me if you want to live....
  • #142
  • Jun 26, 2012 1:14am Jun 26, 2012 1:14am
Quoting Ill-b-back
Oh man, you crack me up you really do, you haven't figured it out yet have you!!
Please direct me to the post where I stated that the possibility of long term success in forex is a "fact". That is not my argument and that is not my point. My point which I thought I had made abundantly clear is that the title of this thread and the claim being made is that long term success in forex is "impossible", something you have stated as being a "fact".
All I have ever asked is to prove it!! If you are going to say something is "impossible" rather...
... silly me... and all along I thought the proof was on you
After all it should be possible to prove a positive?
(it's difficult to prove ghosts do not exist)

It's simple to understand.
Someone, somewhere will have long term success.
but the probability that any particular individual will succeed is - zero -.

You are making a basic logical mistake:
Going from the general to the specific.

General: long term success in forex is possible (for some)
specific: therefore Susie, my cute next door neighbor - will succeed as well.

In fact the chances are pretty much zero that Susie will succeed (long term).

I think you are playing with me... right? (:
This argument can't be that easy to win. come on, don't make it so easy for me.
  • #143
  • Jun 26, 2012 1:15am Jun 26, 2012 1:15am
Apparently in forex, the execution of a winning trade by trader (A) requires the execution of a losing trade by trader (B) at the other end. I don't know for sure if this is correct, but if it is, PLEASE, all you "impossible" believers, don't stop trading no matter how much you lose in forex
"WE NEED YOU!!!!"

Ok I'm done, I've had more fun here than in any recent time in FF, but all good things must come to an end.

Just don't stop trading ok
Come with me if you want to live....
  • #144
  • Jun 26, 2012 1:31am Jun 26, 2012 1:31am
... and debate won by forfeit due to lack of counter-argument. Thank you all.

Simple logic shows that probability of long term success in forex is near zero
  • #145
  • Edited 1:49am Jun 26, 2012 1:36am | Edited 1:49am
Ok, I'll try really really hard to make this my last post.
2 things:
1: the claim being made is that long term profitable forex trading is impossible.
Please direct me to the point in this thread where this argument morphed into targeting a single individual. (I've given you the names of 3 full time traders here in FF by the way, have you had the courage to state your "impossible case to them yet?"
2. If proving a negative is very difficult as you say, then why or how can you
claim the impossibility of long term trading as being a "fact", since facts require proof

Mate, there are so many holes in your argument and logic, that it is hard to keep up.

The day I make a claim that long term profitable trading in forex IS "in fact" possible, THEN the onus will be on me to prove it.
But until that day, the onus is on you, since you are the one making the claim.
Have you figured out what I'm saying yet? Because I'm quite sure most others reading this thread have.
Come with me if you want to live....
  • #146
  • Jun 26, 2012 1:53am Jun 26, 2012 1:53am
Quoting Mingary

Someone, somewhere will have long term success.

long term success in forex is possible (for some)

In fact the chances are pretty much zero that Susie will succeed (long term).

probability of long term success in forex is near zero
You've just lost your own argument with yourself!

Although the odds of long term success might be slim that doesn't mean it's impossible.


Quoting Mingary

This argument can't be that easy to win.
Evidently it is!
  • #147
  • Jun 26, 2012 2:01am Jun 26, 2012 2:01am
Of course long term success is possible -- for some.
(I did not start this thread - the statement is incorrect)
Can it be said of a particular member (random element) of the trading population that this particular individual will succeed long term?
The answer is no, probability is near zero.
The winners come out of the wash. It's a simple distribution of pretty much random events.
for instance, every joe and his cousin can open a 200 $ account at the friendly neighborhood bucket shop.
What do you think is gonna happen 99.999 % of the time?
And yes the onus is on me:

Simple logic shows that probability of long term success in forex is near zero

It's pretty simple logic.
  • #148
  • Jun 26, 2012 2:11am Jun 26, 2012 2:11am
Quoting pipmutt
You've just lost your own argument with yourself!

Although the odds of long term success might be slim that doesn't mean it's impossible.




Evidently it is!
The fact that the probability is so slim makes it in effect, impossible.
but there is always that chance, right? so people will try (:
  • #149
  • Jun 26, 2012 2:14am Jun 26, 2012 2:14am
Quoting Mingary
Trading forex profitably long term is impossible.

I mean no offense and with all due respect you guys are proving my point.
You didn't start the thread, but you made the claim.
And yes the logic is simple enough, once you've twisted the original argument enough to suit you.
Come with me if you want to live....
  • #150
  • Jun 26, 2012 2:21am Jun 26, 2012 2:21am
Quoting Mingary

Trading forex profitably long term is impossible.

Simple logic shows that probability of long term success in forex is near zero
Near zero isn't zero though, therefore there is a probability (albeit small) that long term success is possible.


Quoting Mingary

The fact that the probability is so slim makes it in effect, impossible.
Of course it doesn't, by definition an above zero probability makes it possible. Unlikely, if the stats are anything to go by, but still possible.


Quoting Mingary

but there is always that chance, right? so people will try
The chance of success increases as one gains knowledge and experience so people naturally try, and like you say there's always a chance, ergo it's possible.

Trading isn't a lottery you know.

You seem to be arguing against your own argument here, and doing quite nicely!
  • #151
  • Jun 26, 2012 2:26am Jun 26, 2012 2:26am
Quoting Ill-b-back
You didn't start the thread, but you made the claim.
And yes the logic is simple enough, once you've twisted the original argument enough to suit you.
of course the original argument is downright stupid:

"Trading forex profitably is impossible"

gotta work with what you got.

This is a fact:
probability of long term success in forex is near zero.
  • #152
  • Jun 26, 2012 2:37am Jun 26, 2012 2:37am
Quoting Mingary

of course the original argument is downright stupid:

"Trading forex profitably is impossible"
Quoting Mingary
Trading forex profitably long term is impossible.
Quoting Mingary
probability of long term success in forex is near zero
Quoting Mingary
Someone, somewhere will have long term success.
Quoting Mingary
long term success in forex is possible (for some)
Quoting Mingary
In fact the chances are pretty much zero that Susie will succeed (long term).
Quoting Mingary
probability of long term success in forex is near zero
Quoting Mingary
Trading forex profitably long term is impossible.

I hope you're more decisive in your trading!

Oh no, wait, you probably don't trade because you claim it's impossible to be profitable long term, or it is possible, or the probability is near zero.......aaggggghhhh, I can't keep up with what your latest take is on it!

I used to be indecisive but now I'm not so sure....
  • #153
  • Jun 26, 2012 3:14am Jun 26, 2012 3:14am
Actually you are quite right.
I was working out the main argument and all this cogitation is a bit of a mess.


In order to be of benefit to society speculators MUST lose.

That explains a lot (:
  • #154
  • Jun 26, 2012 3:37am Jun 26, 2012 3:37am
Quoting Mingary

In order to be of benefit to society speculators MUST lose.
Different subject, different debate, but the fact is (morally or immorally) some don't lose, in fact quite the opposite and on a grand scale. Hopefully they're of benefit to society in other ways and perhaps use their wealth for the wider good?

But I guess now we're talking even slimmer probabilities than your Susie being long term profitable at daytrading retail forex, lol
  • #155
  • Jun 26, 2012 4:09am Jun 26, 2012 4:09am
lol
  • #156
  • Jun 26, 2012 5:27am Jun 26, 2012 5:27am
Quoting pipmutt
Different subject, different debate, but the fact is (morally or immorally) some don't lose, in fact quite the opposite and on a grand scale. Hopefully they're of benefit to society in other ways and perhaps use their wealth for the wider good?

I think you are referring to yourself with that comment? I can only hope so....

In order to pull this off completely you really should stop the troll activity... it really doesn't suit you and you lose what little credibility you have.

My post was in no way directed at you...(like this one is) it was directed at those who for the lack of a better word think this game is impossible... and for some it might be... but to show that profitability is possible with forex and as to what that might look like.

Just to keep things real I will post your childish rant to refresh your memory as to what I am talking about.

Quoting pipmutt
Oh well if we're going to post pretty pictures, here's one!

Is 1100% in a couple of weeks sustainable? Highly unlikely, but everyone has at least fifteen minutes of fame, even in forex!

(the small print is especially for you pip_squeaker, I know how much you like small fonts!)



http://i49.tinypic.com/2lnz70p.jpg



http://i45.tinypic.com/zoccy8.jpg

I'm glad I don't have to stroke my ego like you do... it's really quite becoming. There is really no need to be foolish is there?
  • #157
  • Jun 26, 2012 7:21am Jun 26, 2012 7:21am
Quoting pip_seeker

I think you are referring to yourself with that comment?
No, I understood Mingary to be talking about speculators in general rather than any specific individual, hence the use of 'speculators' in the plural.


Quoting pip_seeker

In order to pull this off completely
Sorry, pull what off?


Quoting pip_seeker

My post was in no way directed at you..... but to show that profitability is possible with forex and as to what that might look like.
And mine wasn't directed at you, it was in reply to your post. Seeing as you posted a pretty picture I thought I would do likewise, I'm sorry if that didn't meet with your approval.


Quoting pip_seeker

Just to keep things real I will post your childish rant
lol it wasn't a childish rant, it was a screenshot of a couple of weeks trading. The significant question and one which is relevant to the discussion was sustainability, long term profitability.


Quoting pip_seeker

I'm glad I don't have to stroke my ego like you do...
lol you posted the first screenshot, not me, I was just following suit.


Quoting pip_seeker

it's really quite becoming.
Thanks for the compliment (although I'm not sure you understand what you've written!)


Quoting pip_seeker

There is really no need to be foolish is there?
Hopefully not but that doesn't seem to stop you. A few of us were having quite a reasonable chat before you popped up with your little outburst, did you have a losing trade or something, is that the reason?

By the way I notice your visual impairment seems to be quite selective, some of your posts are in a regular font size, others in an oversized font. It seems like you believe your point is somehow more valid if the print is larger.....
  • #158
  • Jun 26, 2012 8:24am Jun 26, 2012 8:24am
Seriously guys, this thread and its rediculous title should have been sacrificed at birth.

Have fun, I'm off to bed.
Come with me if you want to live....
  • #159
  • Jun 26, 2012 9:27am Jun 26, 2012 9:27am
Quoting Ill-b-back

Seriously guys
Oh 'seriously', I didn't realise!


Quoting Ill-b-back

Have fun, I'm off to bed.
The probability is that you'll have more fun than us but it's not impossible that we might have fun as well, I mean someone has to, right?

Anyway I want to know who this Susie is......
  • #160
  • Jun 26, 2012 12:47pm Jun 26, 2012 12:47pm
Quoting pipmutt
Oh 'seriously', I didn't realise!




The probability is that you'll have more fun than us but it's not impossible that we might have fun as well, I mean someone has to, right?

Anyway I want to know who this Susie is......
She's in bed with me
Now what are the chances of that??
Almost zero, my wife's name is Ally.
But maybe I'm cheating,
But not likely,
But not impossible right!!!
Come with me if you want to live....
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