Do trading Systems really work?! | Forex Factory

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Do trading Systems really work?!

  • #1
  • First Post: Oct 19, 2015 12:01pm Oct 19, 2015 12:01pm
I have attended quite a number of FX trade classes and seminars and listen to countless trade strategies. Did them still ended up loosing cash, The big question is, do these systems actually work, because I am yet to see a viable system
  • #2
  • Oct 19, 2015 12:06pm Oct 19, 2015 12:06pm
Quoting He-Goat
I have attended quite a number of FX trade classes and seminars and listen to countless trade strategies. Did them still ended up loosing cash, The big question is, do these systems actually work, because I am yet to see a viable system
mine does .some work for a time but price action systems do work
  • #3
  • Oct 19, 2015 1:06pm Oct 19, 2015 1:06pm
Quoting He-Goat
I have attended quite a number of FX trade classes and seminars and listen to countless trade strategies. Did them still ended up loosing cash, The big question is, do these systems actually work, because I am yet to see a viable system
Systems of "others" tend to be useless for yourself in 99% of the cases. Paid systems do not stand on their own, the come with a marketing model. Sellers do make more money with selling their systems than actually trading those systems for their own (if they do, which I doubt) . You have to OWN a system aka developing your own and feeling comfortable trading with it. Do not spend cash to paid systems, online courses, and what-have-you's. Let the only tuition money you spend be the money you lose in trading your own system. It's money well spend, believe me.

Not sure if you paid for any stuff, but either way, at some point, you need to get up and start developing your own system. It has only to work for you! Not for others.
  • #4
  • Oct 19, 2015 1:26pm Oct 19, 2015 1:26pm
many working methods exist, the problem is human :o)

you could find many neuroscience videos, it helps a lot
Dont Follow The Mass !!!
  • #5
  • Oct 19, 2015 2:19pm Oct 19, 2015 2:19pm
[quote=He-Goat;8547906] The big question is, do these systems actually work, /quote]

Some do...
  • #6
  • Oct 19, 2015 2:52pm Oct 19, 2015 2:52pm
Quoting BataviaTrade
{quote} You have to OWN a system aka developing your own and feeling comfortable trading with it.you need to get up and start developing your own system. It has only to work for you! Not for others.
pure gold...
  • #7
  • Oct 19, 2015 3:31pm Oct 19, 2015 3:31pm
no they dont, the big boys actually know all these strategies and go against them, you have to be flexible on your approach depending the different scenarios.
  • #8
  • Oct 20, 2015 1:10am Oct 20, 2015 1:10am
A big emphatic no.
Never have and never will.
  • #9
  • Oct 20, 2015 3:57am Oct 20, 2015 3:57am
There is no such thing as a winning strategy/system. Anyone selling you one is only doing so to make money. Any system is only as good as the trader who uses it. Any system must evolve with the trader, slowly, by trial and error, and this will take some years. Don't make the mistake of believing that a rookie can buy a system and start making money consistently with it without putting in the hard work. I've lost count of the number of times I've written such posts on ff, but still there are those looking to make quick and easy money. Such short cuts don't exist in the real world, so why should they exist in trading. Get a system from somewhere by all means, but work with it, study the markets, and over time personalize it. Then, maybe, you'll be on your way to success.
  • #10
  • Oct 20, 2015 4:31am Oct 20, 2015 4:31am
I think experience of another traders is very helpful for newbies. Even if you don't use their strategies, you will know different ways of what you can do in some situations.
The way to get started is to quit talking and begin doing.
  • #11
  • Oct 20, 2015 7:45am Oct 20, 2015 7:45am
Understanding the systems is more important than implementing blindly what someone says is "profitable". That way you can make adjustments or develop your own based on what you've learned.
  • #12
  • Oct 20, 2015 9:59am Oct 20, 2015 9:59am
Quoting He-Goat
The big question is, do these systems actually work

Several of the comments in this current thread may also interest you.
  • #13
  • Oct 20, 2015 11:43am Oct 20, 2015 11:43am
any profitable trading system will work as long as the user have the discipline to follow it's rules, most traders don't, that's why they fail
Bulls are stupid Animals!especially when Im short!
  • #14
  • Oct 20, 2015 7:03pm Oct 20, 2015 7:03pm
Much depends on what is meant by "system", i.e. how much discretionary input is allowed before a personal methodology can no longer be labelled a "system". FWIW I posted my about my own experiences here.
  • #15
  • Oct 20, 2015 9:26pm Oct 20, 2015 9:26pm
YES, trading systems does works, it really depends on how trader tune-up to individual criteria of life and needs.

For me, to know whether the systems is good or bad in general on the first approcah is what determine the entry and exit strategy.

It took me for almost 3 years to understand that and after that thing are BIT smooth sailing as a trader.

Discipline, patience and others are an additional features in this game of business.

As some people would say, SIMPLE and doesn't know what it actually means.

good luck to all new trader....
  • #16
  • Edited 3:13am Oct 21, 2015 2:08am | Edited 3:13am
That a system may be profitable over time makes no logical time and therefore cannot exist.
If such a system existed the individual(s) running the sytem would own the universe.
  • #17
  • Oct 21, 2015 3:11am Oct 21, 2015 3:11am
Quoting He-Goat
I have attended quite a number of FX trade classes and seminars and listen to countless trade strategies. Did them still ended up loosing cash, The big question is, do these systems actually work, because I am yet to see a viable system
Do Roulette Systems work?
Forex is a losers game.
  • #18
  • Oct 21, 2015 8:29am Oct 21, 2015 8:29am
Quoting trader121
{quote} Do Roulette Systems work?
Edward Thorp would say yes.
  • #19
  • Oct 21, 2015 10:42am Oct 21, 2015 10:42am
Quoting Atokys
Edward Thorp would say yes.

So did all the Las Vegas and other casinos who banned a whole group of other academics and scientists from their roulette tables in the 1980's, and so by implication did the Nevada state legislature who helped out their casino-owning corporate supporters by changing state law to prohibit the roulette systems they were using - all described in Thomas Bass's book The Newtonian Casino.
  • #20
  • Edited Oct 22, 2015 3:15am Oct 21, 2015 2:25pm | Edited Oct 22, 2015 3:15am
Quoting trader121
{quote} Do Roulette Systems work?
No, not unless you can find a biased wheel, or otherwise smuggle equipment undetected into casinos that allow you to implement this type of physics. Virtually all systems being sold on the internet are scams: no matter which sets of numbers you bet on, or betting strategies that you use, the house edge remains 5.26% on all games with both 0 and 00 on the layout, and 2.70% with just the one 0).

If you really want to beat the casino, you have a better chance playing blackjack. It's the only casino game that can potentially be beaten by merely using math.

Quoting Atokys
{quote} Edward Thorp would say yes.
I think it's safe to say that Ed Thorp, of all people, has always understood the burden imposed upon the punter by the house edge.
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