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  • #1,024,561
  • Sep 6, 2015 7:41am Sep 6, 2015 7:41am
Quoting The Fool
{quote} the proof is well known and reiterated all the time. Most forex traders lose money. The less money they have the more likely it is that they lose. Almost all undercapitalized traders end up losing and quitting. Why prolong the agony?
I have had this conversation with so many people and it always go something like this:
Inserted Video
All posts are my personal opinion
  • #1,024,562
  • Sep 6, 2015 7:43am Sep 6, 2015 7:43am
Yep most don't go over the second year , they say you have to survive two years to keep going.

in my personal e pertinence I have been around for a year and a couple of months .

i did go busted and remade all my money as I did not ŵant to give up and understood I was making mistakes .

now I am stupidly in a silly situation again, I d love to shoot myself for it but I am confident I'll come out of it again and I am confident I can keep profitable by standing to my rules.....

Pinot now really ahhah

Quoting The Fool
{quote} The word is "lose". Something is loose when it's not tight. Your point is true. It takes time and money to become a competent gambler. The average fx trader runs out of money, then patience, then is gone after a brief, losing experiment with trading.
  • #1,024,563
  • Sep 6, 2015 7:48am Sep 6, 2015 7:48am
You have "unknown" variables in every aspect of life, so we could say whole life is a gamble. Some parts of it have more unknown variables though. If you include easy cash (leverage), trading meets every aspect of gambling in casino. Many unknown variables, huge loan on click of the mouse and a counterpart for your bet. Lucky am pro gambler.
"I know one thing, that I know nothing." Sokrates
  • #1,024,564
  • Sep 6, 2015 7:51am Sep 6, 2015 7:51am
[i am a filmmaker and I tell you there are so many unknown variables each time that the markets seems to me pretty predictable compared to making a film where loads of people around you. Can fun it up not only you like in trading .....
quote=Tom_D_Trader;8475183]You have "unknown" variables in every aspect of life, so we could say whole life is a gamble. Some parts of it have more unknown variables though. If you include easy cash (leverage), trading meets every aspect of gambling in casino. Many unknown variables, huge loan on click of the mouse and a counterpart for your bet. Lucky am pro gambler.[/quote]
  • #1,024,565
  • Sep 6, 2015 7:52am Sep 6, 2015 7:52am
I do try once again anyone thinks the EU will go test the 1.17 again ?
  • #1,024,566
  • Sep 6, 2015 8:00am Sep 6, 2015 8:00am
All trading is gambling. Any wager on an unknown outcome is gambling. I trade options. Sometimes I trade options on forex and sometimes I trade options on the euro hedged with spot fiber trades. So, yes, I have a right to be here and if you don't like what I am saying, feel free to put me on ignore, which is, bar none, the best feature on the entire site. The point I am trying to make is this: if you are trading spot forex, you are (statistically speaking) going to lose your money. Somebody asked the question, "is there a way to trade eur/usd with constant profit?" And I answered: "yes: stop trading it." If you do not know that is the absolutely best answer to that question, then by all means, offer up another answer. I will check back in a few days.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,024,567
  • Sep 6, 2015 8:00am Sep 6, 2015 8:00am
Quoting Kribstreet
I do try once again anyone thinks the EU will go test the 1.17 again ?
no. EURUSD will continue down to 1.05 IMO trade the daily chart.
All posts are my personal opinion
  • #1,024,568
  • Sep 6, 2015 8:07am Sep 6, 2015 8:07am
Quoting The Fool
All trading is gambling. Any wager on an unknown outcome is gambling. I trade options. Sometimes I trade options on forex and sometimes I trade options on the euro hedged with spot fiber trades. So, yes, I have a right to be here and if you don't like what I am saying, feel free to put me on ignore, which is, bar none, the best feature on the entire site. The point I am trying to make is this: if you are trading spot forex, you are (statistically speaking) going to lose your money. Somebody asked the question, "is there a way to trade eur/usd with...
Thanks for your honest opinion.

I have no trading background but like to learn it.
And there are sofar no other ideas for a winning strategie so i think you must be right.
But folish as i am i keep on dreaming.
Happy trading
  • #1,024,569
  • Sep 6, 2015 8:10am Sep 6, 2015 8:10am
Quoting Rtm
{quote} no. EURUSD will continue down to 1.05 IMO trade the daily chart.
true that if the FOMC raises the ffr on Sept 17. If they hold off on that, fiber will rally. If I were trading fiber on the daily chart I would go fishing until 9/17.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,024,570
  • Sep 6, 2015 8:11am Sep 6, 2015 8:11am
At the Fool. It is clear that you are no Fool. I have been involved with Forex for close to 10 years. Your words are clear and to the point. I would think that you have the skills to be in the 5% of Forex traders that show profits each year. For myself the most important factor for any trader to be successful is to control your greed , your fear and last, however not least CONTROL YOU EGO. Then you must have a superior Risk Management method to not lose your capital. Of course trading with too little capital will guarantee you wil lose it. It is awhile since I posted on EUR/USD anf I wish everyone a Happy Labor Day.
  • #1,024,571
  • Sep 6, 2015 8:16am Sep 6, 2015 8:16am
Quoting Rijfie
{quote} Thanks for your honest opinion. I have no trading background but like to learn it. And there are sofar no other ideas for a winning strategie so i think you must be right. But folish as i am i keep on dreaming.
you can't trade anything and win constantly. Trading success lies in learning how to lose. If you learn to manage your losses, your winners can have a chance of making your account grow. Here are Warren Buffett's 2 rules of investing (trading, same thing)

Rule No. 1. Don't lose money.
Rule No. 2. Never forget Rule No. 1.

I would add Rule No. 3: If you are trading and you are losing money, stop trading. If you can't stop doing what it is that is making your account shrink, stop trading.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,024,572
  • Sep 6, 2015 8:32am Sep 6, 2015 8:32am
Quoting Rijfie
But is there any strategy to trade the eur/usd with a constant profit.
Without losses? Yes, don't use stop and not accepting losses for being wrong sitting on bad trades in praying mode for price to come back but days are numbered wiping out the whole account. Exception if you have unlimited resources.
  • #1,024,573
  • Sep 6, 2015 8:40am Sep 6, 2015 8:40am
Ken what's your opinion on EU USD ?

Quoting Ken A
{quote} Without losses? Yes, don't use stop and not accepting losses for being wrong sitting on bad trades in praying mode for price to come back but days are numbered wiping out the whole account. Exception if you have unlimited resources.
  • #1,024,574
  • Sep 6, 2015 8:44am Sep 6, 2015 8:44am
Quoting Ken A
{quote} Without losses? Yes, don't use stop and not accepting losses for being wrong sitting on bad trades in praying mode for price to come back but days are numbered wiping out the whole account. Exception if you have unlimited resources.
Hi

I mean constant winnings by week or month, i know that it isn't possible to win all with currency.
Happy trading
  • #1,024,575
  • Sep 6, 2015 8:46am Sep 6, 2015 8:46am
Quoting Kribstreet
Ken what's your opinion on EU USD ? {quote}
I am currently long and if break below 1.1080 will stop me out. Can't see the future - waiting for China to come back on line to decide to hold or fold.

Quoting Rijfie
{quote} Hi I mean constant winnings by week or month, i know that it isn't possible to win all with currency.
Yes, don't lose more than win by trying your best to stay in sync with market.
  • #1,024,576
  • Sep 6, 2015 8:50am Sep 6, 2015 8:50am
Quoting Ken A
{quote} I am currently long and if break below 1.1080 will stop me out. Can't see the future - waiting for China to come back on line to decide to hold or fold. {quote} Yes, don't lose more than win by trying your best to stay in sync with market.
Thanks kan
  • #1,024,577
  • Sep 6, 2015 8:53am Sep 6, 2015 8:53am
I think support arround 1.092 and possible to go to 1.175.
Happy trading
  • #1,024,578
  • Sep 6, 2015 8:55am Sep 6, 2015 8:55am
Quoting Rijfie
hi I have been following this tread for a while now. Got some good and bad trades out of it. But is there any strategy to trade the eur/usd with a constant profit. It doesn't have to double the account every week but some profit would be nice. looking forward to read some comments. Happy trading to all
EU gave me a lot of profit for the past few days.
In the end we only regret the chances we didn't take
  • #1,024,579
  • Edited 9:23am Sep 6, 2015 9:02am | Edited 9:23am
Quoting AmeriTrini
{quote} You didn't say long or short, but only gave reasons for going long....lol.......ok.....
no i didnt, i gave reasons to be careful with eu shorts, with ej being near support added with china (especially with china opening Sunday, and u.s. closed till Tuesday) .. if i tell u support is 1. than it goes below 1. it tells u my support didnt hold. it dont tell u to long or short. sometimes its better just to watch. i also stated china was closed the later part of the week, the later part of the week is when eu dropped. after a little dragis poor mouth help. make no doubt about it, i am eu bearish long term. but it dont mean i dont think it will not bounce. recent effect of china in the market has made some nice bounces. if one wants to long the usd, currency crosses other than the usd verse euro and yen has paid better.
those who can, do. those who cant, talk about those who can
  • #1,024,580
  • Sep 6, 2015 9:08am Sep 6, 2015 9:08am
Quoting Ken A
{quote} Bounce off of 2015s mid - not once but twice - too much for a coincidence .......... and look at that 1.11618 H1 {image}
1209/0964 mid
those who can, do. those who cant, talk about those who can
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