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How many people are actually making money rather than losing?

  • #21
  • Sep 27, 2013 2:11pm Sep 27, 2013 2:11pm
Quoting Ttop
{quote} I think I read somewhere that you had not traded yet. If I am correct then please do trade with real money because until you do it with real money you aren't feeling the complete trading experience. Your posts are purely academic. It's like trying to learn to drive a car by reading a book, it can't be done. Trading is a skill i.e. it requires knowledge + experience
Yeah I didn't trade live yet, add to that I know about the forex world since only 6 weeks now. So, maybe I'm not the one to give an opinion am I ? ... my posts are not academic dude. It's 100% practical. It's practical not to lose your money. It's practical that if you keep a winning run for a number of months on a demo ( applying a certain strategy ) then you gonna do it in real life. Don't talk to me about being Practical because this is my arena
So sorry for always replying late! But I got 2 Jobs!!
  • #22
  • Sep 27, 2013 2:43pm Sep 27, 2013 2:43pm
Quoting Ttop
{quote} I think I read somewhere that you had not traded yet. If I am correct then please do trade with real money because until you do it with real money you aren't feeling the complete trading experience. Your posts are purely academic. It's like trying to learn to drive a car by reading a book, it can't be done. Trading is a skill i.e. it requires knowledge + experience
No it's not like driving a car by reading a book. It's like driving a simulator. It's like operating on dummies. You practice and practice to fine tune your strategy / method and gain the confidence to know that what you do works and you know what to do in all eventualities, because you've been through the drill many times (cue patient going into cardiac arrest mid operation ).

Luckily, when going live in forex you can start small therefore risking little. Doesn't quite work in humans.
  • #23
  • Sep 27, 2013 3:05pm Sep 27, 2013 3:05pm
If you know what you are doing, when transitioning to live, the only thing you need additionally is a cool head. If you aren't fully confident of what you're doing you shouldn't be going live.
  • #24
  • Sep 27, 2013 4:11pm Sep 27, 2013 4:11pm
Quoting Ttop
I do not know your trading style or the time period that you use but perhaps the following could explain your problem. Day trading is a "loser's game" - not a game played by losers but a game where you will make so many mistakes that eventually you lose. Why is it a "losers game"?. Well it has been proven that short-term market movements are random and, since you are day trading then you are trying to make sense of random movements by applying some from of logic to random events, which is guaranteed to fail.
By whom?
  • #25
  • Sep 27, 2013 4:45pm Sep 27, 2013 4:45pm
Quoting Kanzler
{quote} By whom?
MapleLeaf
  • #26
  • Sep 27, 2013 4:50pm Sep 27, 2013 4:50pm
Quoting Muhammad Ezz
{quote} So, you're saying that I should stop practicing on medical dolls how to do the emergency room duty or a minor surgery ... and instead of that I shall go blow live person to learn from it ? ... I guess not!
I would presume if the situation arose maybe in an emergency, you would attempt a procedure to save a life and "feel a lot more responsibility and fear" whilst attempting not to spill too much blood, I rest my case.
Photize
The experience would raise your awareness.
  • #27
  • Sep 27, 2013 4:56pm Sep 27, 2013 4:56pm
Quoting photize
{quote} I would presume if the situation arose maybe in an emergency, you would attempt a procedure to save a life and "feel a lot more responsibility and fear" whilst attempting not to spill too much blood, I rest my case. Photize The experience would raise your awareness.
I read your reply 3 times but couldn't know what's the point you wanna say please use simpler English because it's not my native language
So sorry for always replying late! But I got 2 Jobs!!
  • #28
  • Sep 27, 2013 4:58pm Sep 27, 2013 4:58pm
Quoting Myo
{quote} MapleLeaf
I hate it when people post information that they consider indisputable fact when the evidence for the argument isn't even close to conclusive, much less proof. The product this "factory" produces is mostly ignorance.
  • #29
  • Sep 28, 2013 2:59am Sep 28, 2013 2:59am
Quoting Muhammad Ezz
{quote} I read your reply 3 times but couldn't know what's the point you wanna say please use simpler English because it's not my native language
I think what he means is; if say in a disaster you were the only one about with any medical knowledge, then you would just have to get on with it for real, but you would be cacking yourself .

It amazes me that so many here write with pretty much perfect English, yet it isn't their native language. I'm humbled.
  • #30
  • Sep 28, 2013 4:16am Sep 28, 2013 4:16am
Quoting srpggamer
I have just blown up my fifth account
Thanks for the er..entertainment but moving on, 5th account, for real? Well, I would guess it's time to check out some of the beginner courses but it could help if you analyzed your positions and figured out what went wrong..The account is a live account, right? If it was a demo, "no comments"
  • #31
  • Sep 28, 2013 5:13am Sep 28, 2013 5:13am
Quoting Kanzler
{quote} By whom?
A very long list of researchers. Just for starters: Louis Bachelier, Karl Bock, Burton Malkiel.
  • #32
  • Sep 28, 2013 5:20am Sep 28, 2013 5:20am
Quoting jen101
If you know what you are doing, when transitioning to live, the only thing you need additionally is a cool head. If you aren't fully confident of what you're doing you shouldn't be going live.
Sorry, I disagree.

Simulation is not real life. There is no "fear factor". There are no consequences for being wrong.

Would you really let a brain surgeon operate on you if he tells you he has never done the op before in real life but not to worry because he has done it on a simulator a few times?

Or you get onto a plane and the pilot says on the intercom "I have never flown this aircraft before but don't worry folks I spent the last 3 weeks in a simulator, so just sit back and relax"
  • #33
  • Sep 28, 2013 6:45am Sep 28, 2013 6:45am
Quoting Ttop
{quote} Sorry, I disagree. Simulation is not real life. There is no "fear factor". There are no consequences for being wrong. Would you really let a brain surgeon operate on you if he tells you he has never done the op before in real life but not to worry because he has done it on a simulator a few times? Or you get onto a plane and the pilot says on the intercom "I have never flown this aircraft before but don't worry folks I spent the last 3 weeks in a simulator, so just sit back and relax"
Well there's got to be a first time for everyone. That's why I said start small when going live, with money you can afford to lose. You're not going to jump straight into a 100k account from demo are you? To that end, I'd say that forex traders have probably got it easier than pilots and brain surgeons.
  • #34
  • Sep 28, 2013 8:56am Sep 28, 2013 8:56am
Quoting Ttop
{quote} A very long list of researchers. Just for starters: Louis Bachelier, Karl Bock, Burton Malkiel.
This tells me nothing. What do you expect for me to do, go to a library and dig into their books to prove your point for you? Nobody has even proven that the markets are random. How can one even do such a thing?
  • #35
  • Sep 28, 2013 9:03am Sep 28, 2013 9:03am
Quoting Ttop
{quote} Sorry, I disagree. Simulation is not real life. There is no "fear factor". There are no consequences for being wrong. Would you really let a brain surgeon operate on you if he tells you he has never done the op before in real life but not to worry because he has done it on a simulator a few times? Or you get onto a plane and the pilot says on the intercom "I have never flown this aircraft before but don't worry folks I spent the last 3 weeks in a simulator, so just sit back and relax"

Yes sir, You absolutely would let him operate on you because A) There's no other choice B) S/he won't be by themselves at the first time ( have to get your name on board as an assistant for fifty something times before doing a solo surgery ). I'm sure that the same somehow happens with the pilots.
So sorry for always replying late! But I got 2 Jobs!!
  • #36
  • Sep 28, 2013 9:04am Sep 28, 2013 9:04am
Quoting Kanzler
{quote} This tells me nothing. What do you expect for me to do, go to a library and dig into their books to prove your point for you?

So sorry for always replying late! But I got 2 Jobs!!
  • #37
  • Sep 28, 2013 9:05am Sep 28, 2013 9:05am
Quoting jen101
{quote} Well there's got to be a first time for everyone.

So sorry for always replying late! But I got 2 Jobs!!
  • #38
  • Sep 28, 2013 9:31am Sep 28, 2013 9:31am
Quoting Muhammad Ezz
{quote}
Do you seriously expect me to spoon feed you? Sorry, not going to happen.

Google has been invented.
  • #39
  • Sep 28, 2013 9:54am Sep 28, 2013 9:54am
Quoting Ttop
{quote} Do you seriously expect me to spoon feed you? Sorry, not going to happen. Google has been invented.

play airplane with me first .......
Attached Image
So sorry for always replying late! But I got 2 Jobs!!
  • #40
  • Sep 28, 2013 10:31am Sep 28, 2013 10:31am
Quoting Muhammad Ezz
{quote} play airplane with me first ....... {image}
LMAO!

You make me laugh, dude.

I can recommend an excellent library near you in Alexandria. I am sure that you can still find some of the stuff Alexander the Great left there
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