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How many people are actually making money rather than losing?

  • #41
  • Sep 28, 2013 10:37am Sep 28, 2013 10:37am
Quoting Ttop
{quote} 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
LMFAO
So sorry for always replying late! But I got 2 Jobs!!
  • #42
  • Sep 28, 2013 11:23am Sep 28, 2013 11:23am
Quoting Ttop
{quote} Do you seriously expect me to spoon feed you? Sorry, not going to happen. Google has been invented.
Well many researchers like Obama, Uncle Ben and Aunt Jemima have proven that the markets aren't random. Irrefutable proof on my part. Just google it.
  • #43
  • Sep 28, 2013 1:09pm Sep 28, 2013 1:09pm
Quoting srpggamer
I have just blown up my fifth account
Forex trading is not easy trader should invest their money when trader is having proper trading skills and knowledge so it is necessary trader should focus on learning and develops their trading skills and experience.
  • #44
  • Sep 28, 2013 1:17pm Sep 28, 2013 1:17pm
Quoting hedging
{quote} Forex trading is not easy trader should invest their money when trader is having proper trading skills and knowledge so it is necessary trader should focus on learning and develops their trading skills and experience.
Thanks for this often regurgitated non-information. Very helpful.
  • #45
  • Sep 28, 2013 5:37pm Sep 28, 2013 5:37pm
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"
It's especially bad if the pilot is trading live account for the first time while flying a real plane for the first time.
  • #46
  • Sep 28, 2013 5:59pm Sep 28, 2013 5:59pm
Quoting 2+2=4ex
{quote} It's especially bad if the pilot is trading live account for the first time while flying a real plane for the first time.
How about when the Pilot Joins the Mile High Club While Flying the Real Plane or UFO....................?
Attached Image
The More You Learn, The More You Earn.....
  • #47
  • Sep 28, 2013 6:02pm Sep 28, 2013 6:02pm
Q: How many people are actually making money rather than losing?
A: One, that I know of
Those who say it cannot be done should not interrupt those who are doing it
  • #48
  • Sep 28, 2013 6:06pm Sep 28, 2013 6:06pm
On a more serious note, it is often said that 90% of retail traders lose money in their trading activities, and this is not just limited to Forex.
My guess is that the percentage is actually higher... probably more in the vicinity of 95%

Forex is a zero sum game.
Assuming liquidity as a constant, in order for one big bank to win a trade, thousands of retail traders must lose.
Those who say it cannot be done should not interrupt those who are doing it
  • #49
  • Sep 28, 2013 6:08pm Sep 28, 2013 6:08pm
Quoting PipTrapper
Q: How many people are actually making money rather than losing? A: One, that I know of
2
The More You Learn, The More You Earn.....
  • #50
  • Sep 28, 2013 6:10pm Sep 28, 2013 6:10pm
Quoting forexalien
{quote} 2
Those who say it cannot be done should not interrupt those who are doing it
  • #51
  • Sep 28, 2013 6:33pm Sep 28, 2013 6:33pm
Quoting forexalien
{quote} 2
Short term using a high risk strategy doesn't count.
  • #52
  • Sep 28, 2013 9:40pm Sep 28, 2013 9:40pm
Quoting Kanzler
{quote} Short term using a high risk strategy doesn't count.
You Don't Know Me Very Well..............Do You ..............?
The More You Learn, The More You Earn.....
  • #53
  • Sep 28, 2013 9:54pm Sep 28, 2013 9:54pm
Quoting forexalien
{quote} You Don't Know Me Very Well..............Do You ..............?
I know the "traders" that you hold in high-esteem and learned your methods from.
  • #54
  • Sep 29, 2013 1:15am Sep 29, 2013 1:15am
Quoting PipTrapper
Q: How many people are actually making money rather than losing? A: One, that I know of
I told you not to tell anyone
  • #55
  • Sep 29, 2013 1:15am Sep 29, 2013 1:15am
Quoting forexalien
{quote} How about when the Pilot Joins the Mile High Club While Flying the Real Plane or UFO....................? {image}
Well if he crashes, then at least he went out with a bang!
  • #56
  • Sep 29, 2013 1:37am Sep 29, 2013 1:37am
Quoting Kanzler
{quote} Well many researchers like Obama, Uncle Ben and Aunt Jemima have proven that the markets aren't random. Irrefutable proof on my part. Just google it.
Those are highly esteemed researchers!

  • #57
  • Sep 29, 2013 1:42am Sep 29, 2013 1:42am
Quoting forexalien
{quote} How about when the Pilot Joins the Mile High Club While Flying the Real Plane or UFO....................? {image}
As long as he has practised his technique on a simulator I guess everything will be ok

)
  • #58
  • Sep 29, 2013 4:17am Sep 29, 2013 4:17am
back in 2004 Richard Dennis was interviewed in a cheap fast food restaurant as is his usual habit.He said trading is 10* harder than it used to be.Systems trading is like chasing your own tail,the very fact that you discover an edge,that edge diminishes as many quants arrive at that edge using various ways.Soon the edge can hold all the money trading it and degrades,only now it happens 10* faster with all the speed available.

All measurable edges are non-robust...think about that.If trendfollowing would have worked as well as it did then the top trendfollowers would end up with all the chips and the market would have been no more.The markets fights edges....thats is its purpose.The central bankers have become more adept in controlling the markets i.e preventing large trends occurring frequently which disrupts business and are engaged in tactic policies of keeping the markets within a range.

The short term volatility has become very unpredictable with the advent of HTFs,the market takes the most tortured path up or down killing most short term traders while making sure to whipsaw trendfollowers.

It is noted that most mean reversion and HFTs are losing money like there is no tomorrow after an exceptional run and now mid-term trendfollowing strategies are the most profitable.

What does it tell you about the future? what works now will not work too well and what stopped working well will never really work well again,amid some spurts here and there.Unless you are an outlier,out of the box thinker,one in a million-a kind of Neo guy you cant make anything substantial out of the markets.If you use classic/time tested trading principles, in order to make any super earnings you have to live with very large volatility in your account, the free lunch period ended.

with all the cheap ueber sophisticated backtesting softwares like amibroker,multicharts out there,and very cheap commissions,even retailers can compete with the most sophisticated hedge funds.The race to zero has just began.

Only the gods quit before their time, old gods like soros/kovner/jones no longer go for the fences and trade too small and no longer try to beat the market. A rich speculator is one who died before his time.That is a universal truth.If you traded long enough you would lose everything.

As livermore said,the markets cant be beat.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #59
  • Sep 29, 2013 8:24am Sep 29, 2013 8:24am
Quoting Kanzler
{quote} Short term using a high risk strategy doesn't count.
I had to look up my high risk on both of my accounts, and this is what I found .........
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The More You Learn, The More You Earn.....
  • #60
  • Sep 29, 2013 8:57am Sep 29, 2013 8:57am
Quoting forexalien
{quote} I had to look up my high risk on both of my accounts, and this is what I found ......... {image} {image}

Absolute proof that you don't have a clue what risk is. Thanks.

Quoting Ttop
{quote} Those are highly esteemed researchers!
I'm guessing you get my point. It's just unreasonable to ask someone to go on what may very well be a wild goose chase to prove someone else's claim. It's the burden of the claimant to provide evidence for their position.
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