admins please close/delete this thread. thanks! what a time wasting experience.
Should I quit trading forex? 211 replies
How many pips or % to quit? 17 replies
Quit Job , go Back to School, Trade Forex? 33 replies
bad position - quit now or wait ? 14 replies
DislikedLike in any profession people work, only 5% of people actually do their job very good. Does this mean they are all millionares? No, of course not. 5% of teachers are really excellent at what they do and they are not all millionares. I was not a millionare in my previous job, so I really have no reason to want be a millionare trading forex. For me a good trade is measured in pips and following the rules that each trader sets for himself, no matter what system he trades and how big his account is. As long as I'm making higher % of account gain on...Ignored
Disliked{quote} yeah even with just a coin toss you make some money and lose some money (although you still blow at the end) so an edge should not only fail sometimes and win mostly, it should be able to do so consistently, over and over. A question is, can an edge stop working ?Ignored
Disliked{quote} The only reliable edge is the trend, because we cannot see the trend in advance, only in the past, you have to assume the trend will continue. Many traders battle the trend, sadly its what a lot of idiot gurus sell as courses, it is easier to sell a market or buy it when its going against you then actually go with it. People think they have to be in at the start of a move, in fact that's the worst place to be because the market will often spike you even if you are right, the best place to be in is when the market is running hard, every one...Ignored
Disliked{quote} Kudos! "i want to be first in, I dont want to go with the herd" - the number of times I heard this sentence not just in forex... until i stopped functioning like that I spent around 5k USD of bloodily earned money...Ignored
Disliked{quote} Exactly. The barrier to entry is kept very low for that purpose. Retail forex traders are the "canon fodder" of the industry. The fact that it preys on the poor wanting to better themselves is criminal. Your friendly forex bucket shops big and small are fully aware that the "small accounts" are going to be swept into the company's account within 3 months max.Ignored
Disliked{quote} The success rate for people who trade Forex is about 5% (or even less). This means, 5% of the successful traders make the most money from the markets. There is no free lunch. Only successful traders enjoy making the most money they deserve.Ignored
DislikedA riddle - What is freely available and generously distributed ?Ignored
Disliked{quote} The only reliable edge is the trend, because we cannot see the trend in advance, only in the past, you have to assume the trend will continue. Many traders battle the trend, sadly its what a lot of idiot gurus sell as courses, it is easier to sell a market or buy it when its going against you then actually go with it. People think they have to be in at the start of a move, in fact that's the worst place to be because the market will often spike you even if you are right, the best place to be in is when the market is running hard, every one...Ignored
Disliked{quote} The only reliable edge is the trend, because we cannot see the trend in advance, only in the past, you have to assume the trend will continue. Many traders battle the trend, sadly its what a lot of idiot gurus sell as courses, it is easier to sell a market or buy it when its going against you then actually go with it. People think they have to be in at the start of a move, in fact that's the worst place to be because the market will often spike you even if you are right, the best place to be in is when the market is running hard, every one...Ignored
Disliked{quote} Ming, you made me see the light, the LIGHT! In the beginning I thought you were just annoying, but after reading 200 times the same thing I realized you were right, thank you for bringing the truth into light !Ignored
Disliked{quote} Just like what markkhjen said: {quote} But before you can become the top 5%, you have to pay your dues just like anything you do, even your day job. When you are fresh out of college, they are NOT going to give you the seat of the CEO of the company, you are going to start at the bottom as the admin. assistant or some kind of analyst and then once you got better at your job and acquired more experience and knowledge then you work your way up and eventually if you are really good, then one day you may get the top seat of the company. If this...Ignored
Disliked{quote} Bullshit! It may be for you, but for me it is a solid business, I am not a gambler and my results are consistent. If you put the initial work in, then you do know what's coming - more of the same, with similar patterns repeating themselves day after day after day, not exactly of course, but predictable enough to make money from. Your negativity adds nothing to this threat except " if you have enough, quit, if you don't have enough, quit..." What are you actually trying to say? To the thread starter - quit if you feel it's not for...Ignored