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Forex as a Future?

  • #81
  • May 15, 2016 6:40am May 15, 2016 6:40am
Quoting Nala66
F...it I will leave this thread to the losers, Don't know why I bother trying to communicate with seahorses, they are in a tank where there is no escape to a better world beyond. That is all this thread is good for, talking rubbish. Tit for Tat and back again, absolutely pointless.
Good luck
  • #82
  • May 15, 2016 6:45am May 15, 2016 6:45am
Quoting Nala66
{quote} Thanks for that. I cannot see how this can affect a trader though.
They usually cheat us by a couple of pips on imaginary market slippage
Then they will freeze the metatrader platform or delay our execution or fill our orders with worse than usual price etc etc.
But apart from all that, our brokers are angels in disguise and their aim is to let us take their money
Have a nice day
  • #83
  • Edited 8:25am May 15, 2016 6:51am | Edited 8:25am
I respect your decision. In my oppinion, just like you need to know when to cut loss before you blow your account, you also need to know when to throw the towel before you blow your life. As you said, there are really many other things you can find value other than trading. If you don't enjoy trading, there's no reason you continue digging it out.
By the way, if you think your failure was due to brokers, why don't you try currency futures instead?
Anyway, good luck to you.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #84
  • May 15, 2016 6:54am May 15, 2016 6:54am
Quoting billv
{quote} They usually cheat us by a couple of pips on imaginary market slippage Then they will freeze the metatrader platform or delay our execution or fill our orders with worse than usual price etc etc. But apart from all that, our brokers are angels in disguise and their aim is to let us take their money
... not only with the mt4 platform.

"But apart from all that, our brokers are angels in disguise and their aim is to let us take their money"
Good one
  • #85
  • May 15, 2016 6:57am May 15, 2016 6:57am
Quoting seahorse
{quote} I didn't say I saw anything wrong with that. I said most of the retail trades are on B side ...
MasterGuru, I hope you to stay in the B land, for many, many years.

This comment implies that you do.
It never gets easier, you just get better
  • #86
  • May 15, 2016 7:06am May 15, 2016 7:06am
Congratz , you just joined the club of traders who probaly were close to sucess and just give up .
  • #87
  • May 15, 2016 7:06am May 15, 2016 7:06am
Quoting Shabs19
{quote} MasterGuru, I hope you to stay in the B land, for many, many years. This comment implies that you do.
Quoting: MasterGuru: "I don't see any problem with being "B-booked""
If MasterGuru does not see any problem in being on the losing side, so I hope he stays there for many years.

I did not say, that I saw something wrong the way brokers operate.
Do you understand?
  • #88
  • May 15, 2016 7:19am May 15, 2016 7:19am
Quoting billv
{quote} Let there be light http://www.abundancetradinggroup.com...forex-trading/
So, Yup it is, you are completely right, your broker vs you...
Moreover, another client of this broker can be vs you.
This game (means Forex, or any other market) is the zero-sum game (https://en.wikipedia.org/wiki/Zero-sum_game),
what means that your opponent (either A-broker or B-broker, a guy, sitting in front of a monitor somewhere in the world) is trying to take your money away from you, and you should try to do the same thing.

So, what can this knowledge give you? What does it change IN YOUR TRADING? The answer is ... nothing.

If you are not able to trade, YOU ARE NOT ABLE TO TRADE... That is it.

The only thing could be helpful for you to know is that your broker should not manipulate the qoutations.
Fortunately this can be verified easily - you should have one more quotation source (i.e. another broker terminal).

Best
D.P.
Hunting High and Low
  • #89
  • May 15, 2016 8:36am May 15, 2016 8:36am
Quoting seahorse
{quote} Quoting: MasterGuru: "I don't see any problem with being "B-booked"" If MasterGuru does not see any problem in being on the losing side, so I hope he stays there for many years. I did not say, that I saw something wrong the way brokers operate. Do you understand?
The difference between b books and a books is they hedge against a books. They know the b book traders will eventually loose all their money, but the a book traders make consistent profit so they have to hedge against them to balance the books.
20 Pips a day keeps centerlink away
  • #90
  • May 15, 2016 9:13am May 15, 2016 9:13am
This is a forum, so each and every person has the right to come on here and say what they want, even if it is to try and persuade others not to make the same mistake they themselves have made, and in a business where so many fail, it is not difficult to see where these people are coming from, because trading has wrecked many a life and will continue to do so.

Having said that, if we are truly committed to succeeding where the majority fail, we have got to believe that we will be among the small percentage who actually go on to make trading a profitable profession, because if we don't, then we may as well quit now.

In a business where so many fail, there will always be a great many detractors - those who claim that the market cannot be beaten and that even if we are successful now, we are ultimately doomed to failure. Given that most people do not like to lose or admit to having failed, this is an understandable reaction which seeks to transfer the reason for their own failure away from their own personal shortcomings and onto the market itself.

We have to be fully aware of the risks and the considerable odds stacked against us in this business, but if it's really what we want, then we have simply got to believe, with every fibre of our body and soul that we will become part of the successful minority, because this is the only way that our dreams and ambitions will ever be fulfilled.
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  • #91
  • May 15, 2016 9:29am May 15, 2016 9:29am
Quoting cat
This is a forum, so each and every person has the right to come on here and say what they want, even if it is to try and persuade others not to make the same mistake they themselves have made, and in a business where so many fail, it is not difficult to see where these people are coming from, because trading has wrecked many a life and will continue to do so. Having said that, if we are truly committed to succeeding where the majority fail, we have got to believe that we will be among the small percentage who actually go on to make trading a profitable...
...... just believing is not enough, but its a start.
More than believing, is to have knowledge and reliable information.
  • #92
  • May 15, 2016 9:29am May 15, 2016 9:29am
Quoting cat
This is a forum, so each and every person has the right to come on here and say what they want, even if it is to try and persuade others not to make the same mistake they themselves have made, and in a business where so many fail, it is not difficult to see where these people are coming from, because trading has wrecked many a life and will continue to do so. Having said that, if we are truly committed to succeeding where the majority fail, we have got to believe that we will be among the small percentage who actually go on to make trading a profitable...
So true.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #93
  • May 15, 2016 9:43am May 15, 2016 9:43am
Quoting cat
This is a forum, so each and every person has the right to come on here and say what they want, even if it is to try and persuade others not to make the same mistake they themselves have made, and in a business where so many fail, it is not difficult to see where these people are coming from, because trading has wrecked many a life and will continue to do so. Having said that, if we are truly committed to succeeding where the majority fail, we have got...
That(bolded in red) above is a fact, we can't deny that and it will continue to remain so.

I humbly disagree(bolded in blue) that armed with a steadfast believe and an ironclad commitment, this will somehow lead us to success, though most of us wish that's the case. Those are important ingredients in any endeavor without a doubt, however even with the very best efforts it most likely will not deliver the success we seek, the statistics speak for itself, that's the unfortunate reality for many of us which is the essence of OP broad message which turns the focus on the immense cost(the harder you try the larger the cost) at trying instead of the glittering illusive reward.
  • #94
  • May 15, 2016 9:56am May 15, 2016 9:56am
Inserted Video
Nothing is Perfect... Every Body is Right...
  • #95
  • May 15, 2016 9:59am May 15, 2016 9:59am
Quoting skyway
{quote}I humbly disagree(bolded in blue) that armed with a steadfast believe and an ironclad commitment, this will somehow lead us to success, though most of us wish that's the case.
I can add the following example. Here is a ball, now go and learn to play football and make a living out of that!

Why not, the following example: here is a microphone. Now that's a song. Learn it. Sing it. Become a singer. Now make a living or get rich, whatever you like more...

Is this possible?!? What do you think? Why trading has to be something different than those two examples?!?
Maadik Hugiis. IQ 69.
  • #96
  • May 15, 2016 10:26am May 15, 2016 10:26am
Quoting skyway
{quote} . I humbly disagree(bolded in blue) that armed with a steadfast believe and an ironclad commitment, this will somehow lead us to success, though most of us wish that's the case. ......
I never said it would. What I said was that without it, you would be better off quitting today. And don't underestimate the intelligence of the majority of traders and would-be traders here on ff...most of us know, or if we don't, we soon find out, that trading is far from easy and that it takes a good deal more than mere desire and commitment to succeed, but without these qualities, it is a non-starter. The rest presents itself as we progress, and those that succeed are the ones with the drive, perseverance, ambition and patience to discover everything else that has to be learnt, no matter how long it takes, though such people, it seems, are few and far between.
  • #97
  • May 15, 2016 11:34am May 15, 2016 11:34am
Quoting cat
{quote} I never said it would. What I said was that without it, you would be better off quitting today. And don't underestimate the intelligence of the majority of traders and would-be traders here on ff...most of us know, or if we don't, we soon find out, that trading is far from easy and that it takes a good deal more than mere desire and commitment to succeed, but without these qualities, it is a non-starter. The rest presents itself as we progress, and those that succeed are the ones with the drive, perseverance, ambition and patience to discover...
Many of the traders who are actually doing their trades are the ones who have done a lot of hard work and then only they have started earning profits from their trading. This is a reason why we have to first of all we have to develop our trading skills in this business and after that if we will have control over our trading then profits will start to come to us
FXOpen - International True ECN Broker
  • #98
  • May 15, 2016 11:47am May 15, 2016 11:47am
hey Gibson, you`re just a bad trader mate
  • #99
  • May 15, 2016 11:51am May 15, 2016 11:51am
Quoting keekko
hey Gibson, you`re just a bad trader mate
Don't tell me you beat the market with EW
  • #100
  • May 15, 2016 12:00pm May 15, 2016 12:00pm
no, just simple order flow and seasonals
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