Trading forex profitable is impossible! | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

It's impossible to lose money in Forex!!! 91 replies

The impossible-question regarding Forex 63 replies

Is it impossible for American traders to get rich in forex? 24 replies

long-run profits impossible with short-term trading? 39 replies

Attachments: Trading forex profitable is impossible!
Exit Attachments

Trading forex profitable is impossible!

  • #161
  • Jun 26, 2012 1:04pm Jun 26, 2012 1:04pm
The Market is the sum of the remainder of an unbalanced equation inherent to the programming of humankind.
  • #162
  • Jun 26, 2012 1:53pm Jun 26, 2012 1:53pm
Quoting Buffet
The Market is the sum of the remainder of an unbalanced equation inherent to the programming of humankind.
Well, with my last name, your name and insight like that, we could massacre this market
Come with me if you want to live....
  • #163
  • Jun 26, 2012 2:02pm Jun 26, 2012 2:02pm
Quoting Ill-b-back
Well, with my last name, your name and insight like that, we could massacre this market
Sounds like a plan to me. Nothing can stop us!
  • #164
  • Edited 10:26pm Jun 26, 2012 5:24pm | Edited 10:26pm
Quoting Mingary
Trading forex profitably long term is impossible.

I mean no offense and with all due respect you guys are proving my point.
It's true that, everything else being equal, costs make trading a negative expectancy exercise. But unless one has omniscient knowledge of all possible trading approaches and market outcomes, it's impossible to prove that "trading forex profitably long term is impossible". Conversely, it would take only one profitable trader to disprove your statement. I happen to have a friend who's been consistently profitable for more than 4 years now. I anticipate that you'll argue that he's merely been fortuitous thus far, and that the law of large numbers will eventually defeat him.

To be fair, it's also impossible to prove with absolute certainty that a strategy that's worked profitably in the past will always continue to do so in the future. But if the strategy has delivered profit consistently for a sufficiently long period of time, then it's probably reasonable to assume that markets will continue to operate in a vaguely similar way, and hence that the strategy will continue to remain profitable.

IMO post #12 by topherhk88 is the best in the thread. It gives excellent insight into both the difficulties in developing a profitable system, and also how to deal with questions like "was my recent losing streak merely a statistical aberration, or does my system no longer work?"

You might also enjoy the posts of FX-Petra. If I understand correctly, he previously believed that profitable trading was impossible, but more recently he's had some good success trading longer timeframe charts.

I also used to believe that profitable trading was a matter of luck, and that luck couldn't be sustained indefinitely. But, if I'm completely honest, that was because my ego didn't want to admit that others were achieving something that I couldn't. In hindsight, I see both arrogance and ignorance in my former outlook. And I had to ask myself: why am I still trawling forums like this one for informational nuggets, if I believe that trading is a totally futile exercise?
  • #165
  • Jun 26, 2012 6:46pm Jun 26, 2012 6:46pm
Quoting pipmutt
Thanks for the compliment (although I'm not sure you understand what you've written!)
I'm sorry I thought you knew the definition of sarcasm. My bad.


Quoting pipmutt
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?
Yeah my average winners to losers profitability is some where around 78% It's really making me upset. Wow you're magic 8 ball is spot on... don't change a thing.

Quoting pipmutt
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.....
Yeah just like my memory, I choose to forget our conversations. I got better things to do than troll forums and poke fun at people for the font size they choose to use. But hey I can understand your inadequacies about feeling small compared to others.

So with that I am starting a movement FONT#3 for all. lol
  • #166
  • Jun 26, 2012 7:25pm Jun 26, 2012 7:25pm
I have been trading Forex Profitably for 5 yrs been trading stocks, options and futures for 8 years total I have 40 pips per day I trade the 5, 15 and 60 minutes charts so it is possible. The 5% that make it due to the hard work we put in during the learning phase which takes alot longer than a week or month like alot of newbies think it took me 1.5 t0 2 years to become consistant. I use counter trend and trend strategies. The key is to keep control over your emotions and take every set-up to let the probabilities to work in your favor.
  • #167
  • Jun 26, 2012 7:47pm Jun 26, 2012 7:47pm
Quoting Ninto
In the long run, skill is more important than luck.

You can get lucky on an individual windfall, a single trade, but consistent successful trading is not luck. It's a career.

I've been trading for two years now, consistently profitable. Never blown an account.
prove it.....
The best indicator is price.
  • #168
  • Jun 27, 2012 1:59am Jun 27, 2012 1:59am
Quoting scfx

prove it.....
Which bit are you asking Ninto to prove, and why?
  • #169
  • Jun 27, 2012 2:27am Jun 27, 2012 2:27am
Quoting xmike195
I have been trading Forex Profitably for 5 yrs been trading stocks, options and futures for 8 years total I have 40 pips per day I trade the 5, 15 and 60 minutes charts so it is possible. The 5% that make it due to the hard work we put in during the learning phase which takes alot longer than a week or month like alot of newbies think it took me 1.5 t0 2 years to become consistant. I use counter trend and trend strategies. The key is to keep control over your emotions and take every set-up to let the probabilities to work in your favor.

I think the overall number that make it is greater than 5%. You can easily look to profitability statements of the brokers in the USA to see that every quarter that there are at least close to 30% of the accounts that are winning.

It's probably somewhere in the realm of 15-20% over the long term that win consistantly. I'm pretty sure most of these winning people don't come to forex factory.

Most people that come to forex factory are strugglers, scammers and brokers. I often wonder why the hell I come here... boredom is a full time occupation sometimes.
  • #170
  • Jun 27, 2012 4:07am Jun 27, 2012 4:07am
Quoting pip_seeker

I think the overall number that make it is greater than 5%. You can easily look to profitability statements of the brokers in the USA to see that every quarter that there are at least close to 30% of the accounts that are winning.
The quarterly reports on customer account performance prepared by brokers are extremely unreliable and potentially very misleading, they're certainly far from conclusive.


Quoting pip_seeker

I often wonder why the hell I come here...
Yes
  • #171
  • Jun 27, 2012 9:02pm Jun 27, 2012 9:02pm
Trading forex profitable is impossible! It's lie! It can be very profitable and very unprofitable in my opinion, I know one girl she trades from time to time, but she is always in profit. I looked through the history of her account there was no one losing position.
  • #172
  • Jun 28, 2012 1:34am Jun 28, 2012 1:34am
Trading profitable is possible. However, it is impossible to generate massive profit in short time.

You need to do your homework first, once you understand the market behavior, trading become easy. Understand market behavior is similar to understand yr girlfriend/boyfriend character.

Next just discipline the trading objective everyday and every times, which is similar to eat breakfast, lunch and diner everyday. Sound simple but it take me almost 3 years of failure to success now.
  • #173
  • Jun 28, 2012 1:44am Jun 28, 2012 1:44am
Quoting Fx2ProTrader
Understand market behavior is similar to understand yr girlfriend/boyfriend character.
Nice comparison.
  • #174
  • Jun 28, 2012 3:56am Jun 28, 2012 3:56am
Quoting Fx2ProTrader
Understand market behavior is similar to understand yr girlfriend/boyfriend character.
very very very true !!!!!!!!
Twitter: @forexpokerpro
  • #175
  • Jun 28, 2012 6:50am Jun 28, 2012 6:50am
Quoting Fx2ProTrader

Understand market behavior is similar to understand yr girlfriend/boyfriend character.
Never did me any good, once they think you understand them they change just to keep you on your toes....hmmm, bit like the market really.

If their behaviour was consistent then they'd be easier to predict....unfortunately it's not and they're not.....again a bit like the market!
  • #176
  • Jun 28, 2012 5:54pm Jun 28, 2012 5:54pm
Quoting pipmutt
Never did me any good, once they think you understand them they change just to keep you on your toes....hmmm, bit like the market really.

If their behaviour was consistent then they'd be easier to predict....unfortunately it's not and they're not.....again a bit like the market!
Adapt and overcome
Special forces trading...
Come with me if you want to live....
  • #177
  • Jun 28, 2012 6:27pm Jun 28, 2012 6:27pm
Quoting Ill-b-back
Adapt and overcome
Special forces trading...
The only method is discipline. Trade all games. Don't miss the opportunity!
Similar again to treat your GF/BF all the time and care about her/his. You will achieve the return in the end.
  • #178
  • Jun 28, 2012 6:54pm Jun 28, 2012 6:54pm
Quoting Fx2ProTrader
The only method is discipline. Trade all games. Don't miss the opportunity!
Similar again to treat your GF/BF all the time and care about her/his. You will achieve the return in the end.
Yes we need discipline and to be honest it is my goal this year to improve that aspect of my trading as I have my methods of trading already.
But is discipline a trading method?
We need more than discipline surely?
Come with me if you want to live....
  • #179
  • Jun 28, 2012 7:02pm Jun 28, 2012 7:02pm
Quoting Ill-b-back
Yes we need discipline and to be honest it is my goal this year to improve that aspect of my trading as I have my methods of trading already.
But is discipline a trading method?
We need more than discipline surely?
Yup. Discipline ourself is much more important than any others. Nobody know what will be the next move ! If doesn't behave properly, might possibly miss out good opportunity. Haha..... i did have bad luck for missing all the good opportunity from a series of trades. When i get into game after the case, damn losing again because of bad opportunity.
  • #180
  • Jun 28, 2012 7:07pm Jun 28, 2012 7:07pm
Quoting Fx2ProTrader
Understand market behavior is similar to understand yr girlfriend/boyfriend character.
Yeah both can take your money and neither will appologize for it.
0 traders viewing now