Disliked{quote} You have a lot to learn, you are exactly what brokers pray for, I wouldn't be surprised if you worked for a broker?Ignored
Nothing worth having is easy.
No skill in trading! 107 replies
"The JUICE" - how do you separate skill from luck? 14 replies
Poll: Is successful trading more dependent on skill than luck? 149 replies
Need suggestion to improve skill 35 replies
Stacking the odds ..yes we do need luck 22 replies
Disliked{quote} You have a lot to learn, you are exactly what brokers pray for, I wouldn't be surprised if you worked for a broker?Ignored
Disliked{quote} clearly I don't think he works for a broker, i was making a point about the self defeating negative attitude that prevails in forex and is mainly untrue.Ignored
Disliked{quote} Ttop's post did not come across as negative to me. More like realism.Ignored
DislikedMarkets are not random, if they were random they would jump around all over the place, you would not get trends and repeating patterns, markets are chaotic which is similar to random but with distinct differences. The weather is not totally random, it is chaotic and can be fairly accurately predicted, it is exactly the same. There are lots of people that fail at trading, mainly because it is on the whole a self taught skill, also because of the negative rubbish pumped out best on nothing more than traders own bad experiences. Facts are nearly half...Ignored
Disliked{quote} I beg to differ, any random sequence will show repeated patterns and trends that can be explored on historical data. If you want some data to look random you miss these points but you will create artifical sequence that is not random. And for the winners and losers, if you take 10000 traders that will work hard and aquire skills for trading you will show some of these traders with magnificent results some losers and some BE players thats just normal distribution. But I understand that every successul trade will contribute his success to...Ignored
DislikedWhether you need luck or skill to profit from forex depends on whether you are gambling or investing. If you are gambling you need luck to win but if you are investing then you need skill to win.Ignored
DislikedMaybe you should also check out Jay Norris if you're more inclined to believe a "pro" trader, see what he says about fractal geometry and chaos.Ignored
Disliked{quote} You have a lot to learn, you are exactly what brokers pray for, I wouldn't be surprised if you worked for a broker?Ignored
Disliked{quote} I beg to differ, any random sequence will show repeated patterns and trends that can be explored on historical data. If you want some data to look random you miss these points but you will create artifical sequence that is not random. And for the winners and losers, if you take 10000 traders that will work hard and aquire skills for trading you will show some of these traders with magnificent results some losers and some BE players thats just normal distribution. But I understand that every successul trade will contribute his success to...Ignored
Disliked{quote} I cannot see how you construed my post to be favourable for any forex broker. Why am I exactly what brokers pray for? They would surely be praying for more victims? Sign up! Sign up! The new Klondike rush is here...trade forex! My post concluded that trading forex is gambling and therefore high risk, precisely the opposite of what brokers would pray for. Please be assured that I am not employed by a broker or any other financial player and never have been.Ignored
Disliked{quote} I don't get bogged down in all that stuff. Either a trade is there or it isn't. I couldn't care less about fractal geometry and chaos. Besides, you seem to know where the market is going. Do you not consider yourself a "pro" and worth listening to?Ignored
DislikedJust because people fail does not prove something is impossible. Trading is no different to any business, there are risks and there are rewards. The business that get the balance right make a lot of profit, but lot's of business get it wrong and fail. They usually blame the stuff out of their control but more often than not it is due to their own failings. Markets are not random, if they were random they would jump around all over the place, you would not get trends and repeating patterns, markets are chaotic which is similar to random but with...Ignored
DislikedI don't think luck is needed to do this properly. You need luck in a casino. In trading if you have an edge + rules + plan that produces a positive return over time then you just need the skill to trade it without mistakes or deviating. It's not any more complicated than that. Just my 2cIgnored