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Is there an "easy" way to trade on Forex?

  • #61
  • Jan 16, 2013 9:13am Jan 16, 2013 9:13am
Quoting Turveyd
Succesful scalpers hang around for a while, I've seen / chatted and verified a fair few of those.

So they do, but no swing traders do, hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.
We all got our own opinions I guess.
FF is a very small place in the forex scheme of things though.
Come with me if you want to live....
  • #62
  • Jan 16, 2013 9:28am Jan 16, 2013 9:28am
Quoting nubcake
plz stop posting. just let soultrader have his say without tarnishing it with a reply trying to be clever.
actually I think he had a point. 1 in 500 a 'special' kind of trader, maybe.

there are always extremes in the long tail.

I don't think he was being sarcastic ... were you?

it is just my opinion, and as the markets prove we are all often wrong.

I've yet to meet one less than 4 years that is 'consistent' though
https://linktr.ee/Soultrader
  • #63
  • Jan 16, 2013 9:38am Jan 16, 2013 9:38am
Quoting soultrader
actually I think he had a point. 1 in 500 a 'special' kind of trader, maybe.

there are always extremes in the long tail.

I don't think he was being sarcastic ... were you?

it is just my opinion, and as the markets prove we are all often wrong.

I've yet to meet one less than 4 years that is 'consistent' though
he infects threads, contradicts himself, and generally doesn't understand much about anything. i'd prefer him to shut up for once and let others talk who have more experience than he'll ever have, instead of trying to be clever by trying to engage you with a reply. he's just trying to further his self-delusions about being 'special'. now, he'll start calling me a troll and blah blah because i don't put up with his nonsense. you'll figure him out sooner or later. a broken clock is right twice a day. that's all i'll say.

threads need more of you and less of him, so please continue if you so wish but please don't get caught-up in his silliness.
Congratulations ScalaFX for coming out of the closet!
  • #64
  • Jan 16, 2013 10:33am Jan 16, 2013 10:33am
fair enough, I bow to your knowledge
https://linktr.ee/Soultrader
  • #65
  • Jan 16, 2013 11:17am Jan 16, 2013 11:17am
Nubcake is a troll dont feed the trolls.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66
  • Jan 16, 2013 12:03pm Jan 16, 2013 12:03pm
Quoting soultrader
My answer is that X months is not long enough to be 'consistently profitable' if you make money quarter by quarter for more than a year then you're consistent.

It takes time.
ive heard this a lot, i know the market is changing but is it so much that it throws us "x months consistant profitable" rookies off the boat?

is it possible to suddently start having a lot of loosingstreaks after a time of consistant profit? well of course, but i mean, what is the reason for this?
  • #67
  • Jan 16, 2013 12:09pm Jan 16, 2013 12:09pm
Quoting Pipcatchu
ive heard this a lot, i know the market is changing but is it so much that it throws us "x months consistant profitable" rookies off the boat?

is it possible to suddently start having a lot of loosingstreaks after a time of consistant profit? well of course, but i mean, what is the reason for this?

Sadly I've been profitable for a few months a few times, then what your exploiting the big boys catch onto the retail are using it and flip it and a perfectly nice working method, becomes very quickly an account killer.

Atleast that's my take, few weeks ago I was rocking a chop method this year it's all about huge market swings and awesome direction and in all my years I've not seen direction like this.

Check EJ, 80pips move down, 100 up, 100 down then 100up WOWSA's!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #68
  • Jan 16, 2013 12:42pm Jan 16, 2013 12:42pm
Quoting Turveyd
Sadly I've been profitable for a few months a few times, then what your exploiting the big boys catch onto the retail are using it and flip it and a perfectly nice working method, becomes very quickly an account killer.

Atleast that's my take, few weeks ago I was rocking a chop method this year it's all about huge market swings and awesome direction and in all my years I've not seen direction like this.

Check EJ, 80pips move down, 100 up, 100 down then 100up WOWSA's!!!
Yet you post for a whole page about how awful swing trading is as if you have the answer. Laughable.
  • #69
  • Jan 16, 2013 12:53pm Jan 16, 2013 12:53pm
Quoting Kanzler
Yet you post for a whole page about how awful swing trading is as if you have the answer. Laughable.
Swing trading is the answer totally if you rich enough to trade US stocks, but forex wrong market.


As you also don't have the answer isn't bashing scalp / intraday equally as ridiculous ?
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70
  • Jan 16, 2013 12:57pm Jan 16, 2013 12:57pm
Quoting Turveyd
Swing trading is the answer totally if you rich enough to trade US stocks, but forex wrong market.


As you also don't have the answer isn't bashing scalp / intraday equally as ridiculous ?
I dropped the subject at this post, but you couldn't help but continue jabbing on once I was away from the thread. You present yourself as an expert on scalping while admitting that your success has been sporadic, but have no problem trashing my method endlessly. There's definitely something wrong with that.
  • #71
  • Jan 16, 2013 1:44pm Jan 16, 2013 1:44pm
Quoting Kanzler
I dropped the subject at this post, but you couldn't help but continue jabbing on once I was away from the thread. You present yourself as an expert on scalping while admitting that your success has been sporadic, but have no problem trashing my method endlessly. There's definitely something wrong with that.
You haven't proven your method to be profitable, or yourself to be profitable so why compare to my honest statement.

Hardly say I was trashing just giving a counter opinion, much like your counter opinion to Scalping / Intraday trading.


And you really need to look up the word "Endlessly" 3 or 4 posts hardly count as endlessly.


First thing everyone hears when they come here is, don't trade M1 it's suicide, they hear it and they repeat it, endlessly, without ever considering anything different.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72
  • Jan 16, 2013 2:01pm Jan 16, 2013 2:01pm
I do find it interesting, when someone bashes M1 / M5 trading without a logic explaination given, then when someone sticks up for something else which the basher doesn't believe in then there there basher, despite giving a logic reason why Forex isn't a scalpers market.

Obviously it has trendy big move periods where it's good for swing trading, but it'll be erased by the bad times where it's random on a H4 or above chart pretty much.

Where are stocks, it's as easy as finding a bullish stock in a bullish sector and going long on a pull back, but you need 25K+ to do stocks properly these days sadly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #73
  • Jan 16, 2013 2:04pm Jan 16, 2013 2:04pm
No, I haven't proven my method to be profitable, nor do I have the proof that it is. I've had success so far with it but nothing close to statistically significant results. The rationale behind why it would work is sound, however, and my previous arguments on other factors that make it more viable than scalping still stand. That put forth, you are the one who claimed you could "get rich" by scalping. Contrary to your claim, most experienced traders I've learned from suggest that the only place scalping will take you is to the poorhouse. You even say that 15% is "worthless" to you, so that does imply that you make returns well above that. Perhaps you should back that statement up? If you've forgotten, allow me to refresh your memory.

Quoting Turveyd
Scalping will make you rich, but it's tricky to master, swing might make 15% per year if your good might be enough for you to live off, but worthless to me.
How is this for a logical explanation? Trading M1 is suicide because of the market noise and spread that eats up your profit very quickly. Is it not surely easier to make 300 pips off of a 153 (150 + 3 spread) pip risk than it is to make 10 pips off of an 8 (5 + 3 spread) pip risk consistently? The farther down you dial the more fees add to your risk, and the more accurate you have to be to compensate.
  • #74
  • Jan 16, 2013 3:34pm Jan 16, 2013 3:34pm
Quoting Kanzler
No, I haven't proven my method to be profitable, nor do I have the proof that it is. I've had success so far with it but nothing close to statistically significant results. The rationale behind why it would work is sound, however, and my previous arguments on other factors that make it more viable than scalping still stand. That put forth, you are the one who claimed you could "get rich" by scalping. Contrary to your claim, most experienced traders I've learned from suggest that the only place scalping will take you is to the poorhouse....
Could is the operative word there, I said it's hard, I said why, I also said if you crack it the frequency of trades at 3% per go, many times per day compared to 3% per every few days and the much higher win rate you can get from M1, add up very quickly.

I have a $400 account, so 15% which might be enough to make you happy, would make me $60 for a full year of swinging, worthless, yes I've made 100% in a week easy and more, but not consistently yet, can you get near that with swinging ??

You realise, with a M1 chart, if the market moves 150pips on H4 it'll move the same on M1 and yes you can actually hold and get the 150pips trading off a M1 chart, only difference is you have DETAIL and the devil in the detail.

As I said, I'm a M1 trader, I'm not a scalper.

IF your rich and have a job and no free time and 15% is good per year then yes swing fair enough.

IF your poor ( me ) and have free time to watch live charts and want to be rich, then M1 is where it's at.


And M1 huge advantage, you switch charts on, you watch, you see a setup, you trade, you switch back off and don't worry about it again, swing you've always got 1 eye on the market 24hours per day, worrying about gaps at the weekend and dragged around pseudo randomly by news.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75
  • Jan 16, 2013 3:43pm Jan 16, 2013 3:43pm
Quoting Turveyd
Could is the operative word there, I said it's hard, I said why, I also said if you crack it the frequency of trades at 3% per go, many times per day compared to 3% per every few days and the much higher win rate you can get from M1, add up very quickly.

I have a $400 account, so 15% which might be enough to make you happy, would make me $60 for a full year of swinging, worthless, yes I've made 100% in a week easy and more, but not consistently yet, can you get near that with swinging ??

You realise, with a M1 chart, if the market moves 150pips...
agree with turveyd

when i started out i traded the daily/weekly charts. I probably get 1-2 trades a week if that. So i had to look at mulitple pairs. The thing is, each pair is so different that my strategy doesn't apply well to multiple markets-so i ended up being a loser.

WHen i swtiched to hourly- i found that it was better for me. But having a job, means I am missing opportunities.

So i went down to 5 minutes. I was MEANT to trade on 5 minutes. It offers ample trading opportunities and fits my schedule.
moral of the story: there is no 'easy' way to trade. you just got to pick your niche...that's easy for you
NocturnalFX is no longer offering commercial services
  • #76
  • Jan 16, 2013 3:50pm Jan 16, 2013 3:50pm
Quoting TPOTrader
agree with turveyd

when i started out i traded the daily/weekly charts. I probably get 1-2 trades a week if that. So i had to look at mulitple pairs. The thing is, each pair is so different that my strategy doesn't apply well to multiple markets-so i ended up being a loser.

WHen i swtiched to hourly- i found that it was better for me. But having a job, means I am missing opportunities.

So i went down to 5 minutes. I was MEANT to trade on 5 minutes. It offers ample trading opportunities and fits my schedule.
moral of the story: there is no...
Be warned, they won't think of you as a real trader unless you trade >=H4 and wait for the magic candle to close and interpret what it means by some ancient chinese wisdom then they won't think of you as a real trader!!

Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #77
  • Jan 16, 2013 4:07pm Jan 16, 2013 4:07pm
Quoting Turveyd
Be warned, they won't think of you as a real trader unless you trade >=H4 and wait for the magic candle to close and interpret what it means by some ancient chinese wisdom then they won't think of you as a real trader!!

Whatever, it's your money. I'm not going to discuss this any further, I've made my point already and people are free to take my advice or leave it.
  • #78
  • Jan 16, 2013 4:24pm Jan 16, 2013 4:24pm
Quoting Kanzler
Whatever, it's your money. I'm not going to discuss this any further, I've made my point already and people are free to take my advice or leave it.
The point being * Caveman mode * M1 BAD, H4 Good!!



There both good, in there own ways, to write all M1 traders off cause you don't understand it is pretty stupid.

Full on 3 pip scalpers, which need a 6 pip move I totally agree, that's pretty ridiculous, 2 wins to make up for 1 loser.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79
  • Jan 16, 2013 6:03pm Jan 16, 2013 6:03pm
Quoting Turveyd
The point being * Caveman mode * M1 BAD, H4 Good!!



There both good, in there own ways, to write all M1 traders off cause you don't understand it is pretty stupid.

Full on 3 pip scalpers, which need a 6 pip move I totally agree, that's pretty ridiculous, 2 wins to make up for 1 loser.
And to write off daily swing trading methods claiming only 15percent/year if your good at it, simply because you yourself cannot make it work or have not seen it and verified it in forums is equally dumb.

Where did you get the figure 15 percent from?
Come with me if you want to live....
  • #80
  • Jan 16, 2013 6:13pm Jan 16, 2013 6:13pm
Quoting Ill-b-back
And to write off daily swing trading methods claiming only 15percent/year if your good at it, simply because you yourself cannot make it work or have not seen it and verified it in forums is equally dumb.

Where did you get the figure 15 percent from?

Ask around, that's what many H4 traders aim for per year, you'll see them actively shooting down anyone as trading badly if they make much more than that per year.

Read above, not writing it off completely, it's all explained above, if you have a job and no time then Swing is sadly your ownly option.


You will make many many times more much faster, trading M1 / M5 when you get good, downside being it swings both ways, you will lose it much faster if your not so good.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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