Cable Update (GBPUSD)
anything can happen in forex....how confidence you are??
he's not.that's the whole point of the discussion.
you cannot say 100% that market will go at one point .you can just follow a setup with a SL and TP in place.
most of the traders are waiting for Ben's speech before making any move.
He might say yes to QE or No...nobody can read this guy's thoughts...neither DR Forex.
more than that in the past he posted other calls that were astronomical and never came true
unless he is Bernanke and knows what he will say later
completely agree with you. there are expert traders who got 70-80% successful trades over years, even those traders trade with 1-5% risk per trade and dont try systems like martingale because they know one over confident step in this market can blow everything.
big hedge funds, banks got blown because of mistakes and after all we are just retail traders.
new traders like me need to understand to plan a trade, stick to plan if it goes wrong , reenter with new plan but new plan should...
an exercise of logic....but don't take it for granted coz I failed to pass logics in highschool
so,banks have traders
traders are humans and humans are prone to mistakes
from those 2 results that banks make mistakes.
and now logics 2 -if traders would win consistently they would not work for a 100k per year bank salary but would make millions trading on their own,no 9-5 no dress code no commuting.
it means traders trading in banks are either martyrs,working in the banks ''pro bono'' or just low end traders working there as...
an exercise of logic....but don't take it for granted coz I failed to pass logics in highschool
so,banks have traders
traders are humans and humans are prone to mistakes
from those 2 results that banks make mistakes.
and now logics 2 -if traders would win consistently they would not work for a 100k per year bank salary but would make millions trading on their own,no 9-5 no dress code no commuting.
it means traders trading in banks are either martyrs,working in the banks ''pro bono'' or just low end traders working there as temps or...
agree with you but like you, traders like me need to get more smart. bank traders looks smart with dress code but they not smart as banks have to monitor them all the time. so if individual traders are successful that means they are very smart
im out
Big Drop, Big Drop, Big Drop
aaaa..if banks would monitor the bank traders all the time the banks will be in profit and not need any bailouts on public funds...I think.
so both traders inside the banks and the bank managers and the govt people are either stupid or it is all part of a bigger conspiracy..manchurian candidates,illuminati,rotary club.....
I remember one trader in UK lost last year 2 bil and the bank never knew about it.
they only found out when he posted it on facebook
but u cannot discount the fact the very few have the opportunity to trade risking less than 5% and can make a income which would offer a good lifestyle..however a retail trader is the bait so he has to be smart to make money otherwise he/she is finished
have to be able to see false moves, moves which are just dip/peak opportunities (which is practically impossible)
Me too!
