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Is trading really that hard?

  • #141
  • Jun 16, 2014 4:48pm Jun 16, 2014 4:48pm
Quoting Ronald123
{quote} Thanks for your time, Muhammad, I'm sure you're doing the best you can, at this moment in time (don't we all...). There's no point continuing this... how to call it?... exchange of viewpoints... For you, life is something we have to fight our way through, while for me it's more like a wondrous experience; you regard people like machines (on which feelings, thoughts, beliefs, etc., have no influence), in spite of tons of evidence showing you wrong (for instance the already mentioned placebo and nocebo effect, but there's much more). By the...
Hi what's up

First of all people visit me for a variety of reasons and guess what about 90% of the times it's not a serious reason e.g. the cancer example you mentioned or anything near that! ( maybe they just wanna visit us because they miss me lol ) ... You think it's useless trying to talk about "this" with an alien .. Oh sorry I meant a Dr. as for a second I felt like we're ( Docs ) are aliens came to earth to control your minds and make you believe whatever we say lol ... finally I'm late to my ship as I've to make it to Jupiter and Pluto before tomorrow evening lmao! .....

Good day!
So sorry for always replying late! But I got 2 Jobs!!
  • #142
  • Jun 17, 2014 12:08am Jun 17, 2014 12:08am
Quoting Ronald123
{quote} Well, I'm glad you know exactly who those 95% are and what they're doing wrong, but I think it's a bit more complicated than that. In my humble opinion there are powerful 'forces' at work that at the same time 'educate' people about how the markets work and also tell them how to trade, kinda like the situation I've mentioned here earlier: the 'disease industry' (aka the 'Health Care System' - lol). Cheers
Oh there's no doubt about that..all you need to do is take a dekko at some of the sales pitches handed out by nearly everyone and you should find the one liner "become a millionaire within a month/year" hidden or suggested somewhere in that pitch. And that's just the bottom of the ladder..some of these pitches make it so obvious that they are a "bait and switch" strategy, to the point of posting "brrrrr..wrong" facts..about transactions, market..and yet, these do the rounds, smh.
  • #143
  • Jun 17, 2014 12:09am Jun 17, 2014 12:09am
Quoting Muhammad Ezz
{quote} Hi what's up First of all people visit me for a variety of reasons and guess what about 90% of the times it's not a serious reason e.g. the cancer example you mentioned or anything near that! ( maybe they just wanna visit us because they miss me lol ) ... You think it's useless trying to talk about "this" with an alien .. Oh sorry I meant a Dr. as for a second I felt like we're ( Docs ) are aliens came to earth to control your minds and make you believe whatever we say lol ... finally I'm late to my ship as I've to make it to Jupiter...
Okay, curiosity made me bite, why just jupiter and pluto..would have thought we had better and pleasant choices in comparision to these two?
  • #144
  • Jun 17, 2014 1:13pm Jun 17, 2014 1:13pm
Quoting Forexnuts
{quote} Okay, curiosity made me bite, why just jupiter and pluto..would have thought we had better and pleasant choices in comparision to these two?
I like them, Jupiter is warm and Pluto is cute lmfao!
So sorry for always replying late! But I got 2 Jobs!!
  • #145
  • Jun 18, 2014 2:08pm Jun 18, 2014 2:08pm
Quoting Muhammad Ezz
{quote} I like them, Jupiter is warm and Pluto is cute lmfao!
LOL, Wouldn't exactly call Pluto cute given the frigid temp, unless you men the cartoon..as for Jupiter, I guess if you like hot gassy blowhards, jupiter should fit right in..lol
  • #146
  • Jun 19, 2014 10:40am Jun 19, 2014 10:40am
Quoting Forexnuts
{quote} LOL, Wouldn't exactly call Pluto cute given the frigid temp, unless you men the cartoon..as for Jupiter, I guess if you like hot gassy blowhards, jupiter should fit right in..lol
........................................................................
.......
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sorry it took me time to process the joke lil bit slow sorry
So sorry for always replying late! But I got 2 Jobs!!
  • #147
  • Jun 20, 2014 9:31am Jun 20, 2014 9:31am
Nothing in life is hard, trading can be achievable. You just need to roll up your sleeves and put in the work. Hope it helps my friend.
  • #148
  • Jun 20, 2014 12:43pm Jun 20, 2014 12:43pm
Quoting Muhammad Ezz
{quote} ........................................................................ ....... .... sorry it took me time...
LOL, it was just wordplay, glad you enjoyed it..
  • #149
  • Jun 20, 2014 1:58pm Jun 20, 2014 1:58pm
Quoting veryClose
Nothing in life is hard, trading can be achievable. You just need to roll up your sleeves and put in the work. Hope it helps my friend.
That's the spirit
So sorry for always replying late! But I got 2 Jobs!!
  • #150
  • Edited 6:12pm Jun 20, 2014 6:01pm | Edited 6:12pm
Quoting Muhammad Ezz
Is trading very hard or you're just lazy and don't wanna do your homework ?
Gil Blake, interviewed in Jack Schwager’s New Market Wizards (Harper Business, 1992), attributed his success to the following formula (see p 248):

1. Focus on trading vehicles, strategies, and time horizons that suit your personality.
2. Identify non-random price behavior, while recognizing that markets are random most of the time.
3. Absolutely convince yourself that what you’ve found is statistically valid.
4. Use this to set up trading (entry and exit) rules.
5. Follow these rules.

Once you get through the 5 steps, profitable trading will become progressively easier. Success engenders confidence, and confidence leads to greater success.

But until then, it is difficult, in fact impossibly so:

Until you find non-random price behavior, you have no edge (and thus no hope of overcoming br0ker costs in the long term).
Until you're absolutely satisfied that your rules work profitably, on balance, in all market conditions, you'll never have the nerve to trade them consistently.
  • #151
  • Jun 20, 2014 8:44pm Jun 20, 2014 8:44pm
Hello guys,

I'm new to Forex. I tried to trade USD/CAD yesterday. When the news hadn't yet released (about 5-15 seconds to be shown in ForexFactory), I saw that the price was moved very strong in the right direction like people had known that news before. It feared me to make order and as a result of that, I didn't earn anything...

It's just an example, I also checked history of some currency pairs of other news, the situation happened in every news (eg: USD CPI, NZD GDP q/q...)

So the question is that: Does ForexFactory release news slower than other sites or people actually know the news before? If it does, could you please suggest where to get the news quickly as they do to avoid bad surprising?

Sorry to ask this question. I know this is ForexFactory forum, I should not have anythings bad about this site but it's really annoying with those volatilities .
  • #152
  • Jun 21, 2014 2:11am Jun 21, 2014 2:11am
Quoting hanover
{quote} Gil Blake, interviewed in Jack Schwager’s New Market Wizards (Harper Business, 1992), attributed his success to the following formula (see p 248): 1. Focus on trading vehicles, strategies, and time horizons that suit your personality. 2. Identify non-random price behavior, while recognizing that markets are random most of the time. 3. Absolutely convince yourself that what you’ve found is statistically valid. 4. Use this to set up trading (entry and exit) rules. 5. Follow these rules. Once you get through the 5 steps, profitable trading...
Very good.
However, I think this is the least important (if you can stand the frustration) ==> Until you find non-random price behavior, you have no edge (and thus no hope of overcoming br0ker costs in the long term).
  • #153
  • Jun 21, 2014 3:37am Jun 21, 2014 3:37am
If I stood right in front of you, could you predict what I will do next?

SLAP straight in the face.


The he market consists of tens of millions of 'me'

you stand no chance whatsoever
  • #154
  • Jun 21, 2014 3:39am Jun 21, 2014 3:39am
Quoting Muhammad Ezz
{quote} That's the spirit
More liquidity required
  • #155
  • Jun 22, 2014 7:35am Jun 22, 2014 7:35am
Quoting nunrgguy
{quote} More liquidity required
if you say so lol
So sorry for always replying late! But I got 2 Jobs!!
  • #156
  • Jun 22, 2014 7:38am Jun 22, 2014 7:38am
Quoting hanover
{quote} Gil Blake, interviewed in Jack Schwager’s New Market Wizards (Harper Business, 1992), attributed his success to the following formula (see p 248): 1. Focus on trading vehicles, strategies, and time horizons that suit your personality. 2. Identify non-random price behavior, while recognizing that markets are random most of the time. 3. Absolutely convince yourself that what you’ve found is statistically valid. 4. Use this to set up trading (entry and exit) rules. 5. Follow these rules. Once you get through the 5 steps, profitable trading...
This makes sense ... And just like every other business that makes sense in the world, it's needs a lot of hard work and dedication.
So sorry for always replying late! But I got 2 Jobs!!
  • #157
  • Jun 22, 2014 7:40am Jun 22, 2014 7:40am
Quoting nunrgguy
If I stood right in front of you, could you predict what I will do next? SLAP straight in the face. The he market consists of tens of millions of 'me' you stand no chance whatsoever
If I have spent years mastering Mhuay Thai, Boxing or this sort of marital arts I'd expect your next move and react fast. same thing with trading
So sorry for always replying late! But I got 2 Jobs!!
  • #158
  • Jun 23, 2014 7:01am Jun 23, 2014 7:01am
We'll I just gave you a big kiss and a nice gift, even though you're a complete stranger so you guessed wrong again and your years of training proved a total waste of time
  • #159
  • Jun 27, 2014 11:08am Jun 27, 2014 11:08am
Of course it is hard. If it wasn't, a lot of people wouldn't have day jobs, they'd sit around all day and make money. And of course we already know that's not the case. One thing I learned about forex is that, success will follow only if you treat it like a job, not a hobby. Don't expect to find a magical robot that's going to earn you a living, while you're doing whatever, not even watching the market. Not going to happen !

A few characteristics of a successful trader ;

- Nerves of steel
- Extreme dedication and focus
- Risk taker (Not a gambler - Big difference)
- Analytical thinking

A few to name.

Just like any other job, you need to qualify for this one too. Not everyone qualifies to work at Google or any of the big companies. But just because the trading platform is available to general public, people think they're already "in" or they're "traders" or anyone can become a "trader" ... Well, I think we already know that's not the case.
  • #160
  • Jun 27, 2014 1:07pm Jun 27, 2014 1:07pm
Learning to trade Forex is straightforward, let it sink in and learn. It's implementing what you have learned which is the difficult thing.
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