What you still haven't learned | Forex Factory

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What you still haven't learned

  • #1
  • First Post: Feb 20, 2014 1:29am Feb 20, 2014 1:29am
Hi

Is there something that you think you still have'nt learnt after so many years of trading forex.
Please explain if there is something.
  • #2
  • Feb 20, 2014 2:24am Feb 20, 2014 2:24am
No matter the experience, you learn every day of your life ... in trading or anything else.

We have always something to learn.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Feb 20, 2014 2:41am Feb 20, 2014 2:41am
To echo the previous poster, you never stop learning. If I could have learnt to trade like a robot, devoid of all emotion, I'd make more money than I do, but seeing as I'm not, unfortunately, I never will, though I try.
  • #4
  • Jun 8, 2016 9:06pm Jun 8, 2016 9:06pm
I have learned , but many haven't - forex is a rigged market. You have no chance in hell of ever making any real money in forex. Quit forex and focus on a
REAL job, one that actually pays the bills. Forex will NEVER do that!!!
  • #5
  • Jun 8, 2016 9:17pm Jun 8, 2016 9:17pm
Quoting gravitist
You have no chance in hell of ever making any real money in forex.
Definitively wrong!

If you aren't able to achieve your goal doesn't mean other can't ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #6
  • Jun 8, 2016 9:28pm Jun 8, 2016 9:28pm
Quoting FerruFx
No matter the experience, you learn every day of your life ... in trading or anything else. We have always something to learn.
I have this same thinking, belief and attitude both in life and as a trader for 30 years.

Learn from everyone - the experienced, the newbies, the ignorant, the naive, the dull, ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7
  • Jun 8, 2016 9:39pm Jun 8, 2016 9:39pm
Keep dreaming, Goldman wants your money. It's like saying just because I can't make a living playing slot machines doesn't mean others can't. Well, the fact is they can't - the slots are rigged, just like forex. When 10 big banks control 80% of the market, that's rigged. When there is no transparency, the little guy can't see the actual order-flow, that's rigged. Forex dealers are a honest as a three-card monte man.

I'm sure you're a good person and actually believe what you say, but ,honestly, you really shouldn't be giving people false hopes. I may sound a bit scoldish, but I'm really, honestly trying to tell people not to blow their money on forex - buy some stocks that pay good dividends, buy some saving bonds, don't gamble money away on forex. I don't mean to offend, I'm just telling people they won't win this game because it is rigged to the core.
  • #8
  • Jun 8, 2016 10:50pm Jun 8, 2016 10:50pm
Quoting gravitist
Keep dreaming, Goldman wants your money. It's like saying just because I can't make a living playing slot machines doesn't mean others can't. Well, the fact is they can't - the slots are rigged, just like forex. When 10 big banks control 80% of the market, that's rigged. When there is no transparency, the little guy can't see the actual order-flow, that's rigged. Forex dealers are a honest as a three-card monte man. I'm sure you're a good person and actually believe what you say, but ,honestly, you really shouldn't be giving people false hopes....
I agree that most traders (retail) are/will lose their money ... but you can't say that nobody can earn a decent revenue from trading forex ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #9
  • Jun 8, 2016 11:25pm Jun 8, 2016 11:25pm
Quoting FerruFx
{quote} I agree that most traders (retail) are/will lose their money ... but you can't say that nobody can earn a decent revenue from trading forex ...
  • #10
  • Jun 9, 2016 4:31am Jun 9, 2016 4:31am
Quoting yinyang
Hi Is there something that you think you still have'nt learnt after so many years of trading forex. Please explain if there is something.
you dont know what you dont know
Time hides Nothing
  • #11
  • Jun 9, 2016 4:40am Jun 9, 2016 4:40am
Quoting yinyang
Hi Is there something that you think you still have'nt learnt after so many years of trading forex. Please explain if there is something.

how can you explain something you don't know?
  • #12
  • Jun 9, 2016 5:21am Jun 9, 2016 5:21am
Forex is hell ! thats true.
I wish i never startred with FOREX.

Focus on better market that have real volume and have orderflow visible for you.

Do not start with Forex if you cannot be profitable on other markets.

Just My 2cents.
  • #13
  • Jun 9, 2016 6:22am Jun 9, 2016 6:22am
I could never say what I haven't learned yet. As well as permanently changing my life, I change my view on it. As the market is constantly changing, i change my opinion on it. There are new strategies should be given time to learn.
  • #14
  • Jun 9, 2016 7:55am Jun 9, 2016 7:55am
I still haven't learn not to trade impulsively without putting too much though in assessing the situation. These days I do it a lot less than I did a year ago, but I am still prone to making that mistake.
  • #15
  • Jun 9, 2016 10:13am Jun 9, 2016 10:13am
In Forex --------- You Never Stop Learning.
Be Smart, Be passion And you'll Succeed
"A successful man is one who can lay a firm foundation with the bricks others have thrown at him."
~ David Brinkley
  • #16
  • Edited 11:33am Jun 9, 2016 10:17am | Edited 11:33am
Retail forex trading constitute a mere % of the market (probably 3% ?), probably 80% of which goes to forex brokers... not to the interbank ! Do you really think those banks are rigging the market to share something they can earn legally and without putting at risk the entire monetary system ?
  • #17
  • Jun 9, 2016 11:07am Jun 9, 2016 11:07am
Quoting adriann
Forex is hell ! thats true. I wish i never startred with FOREX. Focus on better market that have real volume and have orderflow visible for you. Do not start with Forex if you cannot be profitable on other markets. Just My 2cents.
If you can't make money in Forex then you will fail on other markets,too.
Because it's all the same shit.

But only Forex offers the best trading conditions.
Noobs don't understand that.
  • #18
  • Jun 9, 2016 11:13am Jun 9, 2016 11:13am
Quoting gravitist
Keep dreaming, Goldman wants your money. It's like saying just because I can't make a living playing slot machines doesn't mean others can't. Well, the fact is they can't - the slots are rigged, just like forex. When 10 big banks control 80% of the market, that's rigged. When there is no transparency, the little guy can't see the actual order-flow, that's rigged. Forex dealers are a honest as a three-card monte man. I'm sure you're a good person and actually believe what you say, but ,honestly, you really shouldn't be giving people false hopes....
thats why its important to think like they do. aim for support levels where other people are trading off them.
  • #19
  • Jun 9, 2016 11:16am Jun 9, 2016 11:16am
Quoting The-Flipper
{quote} If you can't make money in Forex then you will fail on other markets,too. Because it's all the same shit. But only Forex offers the best trading conditions. Noobs don't understand that.
Definitely, this is easy to prove..all you have to do is take different charts from different markets, put them together without identifying each one and nobody will be able to tell...the same thing with timeframes...they look the same on the 1 minute and 1 month...on a still chart you also wont be able to tell unless you see the speed difference on a live one...so does it really matter what timeframe or market you trade? i believe the skill is within yourself.
  • #20
  • Jun 9, 2016 11:34am Jun 9, 2016 11:34am
Quoting gravitist
Keep dreaming, Goldman wants your money. It's like saying just because I can't make a living playing slot machines doesn't mean others can't. Well, the fact is they can't - the slots are rigged, just like forex. When 10 big banks control 80% of the market, that's rigged. When there is no transparency, the little guy can't see the actual order-flow, that's rigged. Forex dealers are a honest as a three-card monte man. I'm sure you're a good person and actually believe what you say, but ,honestly, you really shouldn't be giving people false hopes....
You might want to read this book then. see maybe it changes your point of view, although as they say, "There is no worse deaf man than the one who doesn't want to hear"
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