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Are there actually any profitable traders on Forex Factory? 6 replies
Profitable Scalping for the Retail Trader 135 replies
Most Helpful Threads on Forex Factory 6 replies
Integrated forex factory news results into meta trader 4 2 replies
Who is a "Constantly Profitable Trader"? 23 replies
Disliked{quote} I tried it on demo a couple years ago...It was amusing to watch the 2 opposing trades battle each other in a never ending fight to the death. I never used hedging in a live trade .Ignored
Disliked{quote} That's not the way I see it. But like I said, I don't wish to get involved in this tired old debate all over again, so let's just agree to differ.Ignored
Disliked{quote} hahaha "battle each other in a never ending fight to the death"... I like it. Back to serious, I'd pay attention to strongly correlated pairs too.. eg. long on AJ and short on EJ is kinda like hedging same pair.Ignored
Disliked{quote} Long AJ and short EJ is the same as simply being short EURAUD, if you balance the lot sizes correctly. This type of relationship is the basis for triangular equilibrium/arbitrage.Ignored
Disliked{quote} forex trading is a gamble that i agree with you but thats also where your IQ hits its limit because you fail to understand that all businesses are a gamble entreprenuers and forex traders are both risk takers.Ignored
Disliked{quote} its the only business where you can make money from your toilet seat.Ignored
Disliked{quote} forex trading is a gamble that i agree with you but thats also where your IQ hits its limit because you fail to understand that all businesses are a gamble entreprenuers and forex traders are both risk takers.Ignored
Disliked{quote} A smart person creates a business to supply something that there is a demand for. So although it can be considered a "Gamble" it is a very calculated one and if done right everything is known up front. Forex on the other hand is a game, one run and controlled by brokers and bankers. Why do you think brokers do fantastic business whilst 98% or more of traders fail? And ask yourself this, if you fail in a business who profits from your failure? Is the money you invest going into someone else s pockets when you fail? Now is Forex more like...Ignored
Disliked{quote} There is just so much wrong with this post, I don't know where to begin. Forex is not a game. Retail forex brokers have no/zero/zilch control over the market. Anyone who believes these two things should not be allowed to open a margin account, as you clearly are not equipped to trade. As for your comparison between trading the forex and starting a business, why wouldn't you approach both endeavors in the same manner? You do your due diligence before starting a business; you should do the same before opening a trading account. If you look...Ignored
Disliked{quote} You cannot put business entrepreneurs and forex traders on an equal footing. Calculated risks and gambling are two different animals. ... nothing in common. Also, the failure rate in normal businesses (that do provide a benefit to society) is much lower than in Retail Forex.Ignored
Disliked{quote} Not exactly. 8 out of 10 startups fail within the first year. It is actually a better rate than I expected, a few years ago it was about 90% when I was in business school. Not to mention the associated costs of actually running a business and not making any profit. I don't want to start a debate here but I believe that trading is less dangerous than starting a business, since all you have to lose is your invested capital (with some few exceptions, like the EURCHF not long ago), provided that you have zero experience in both field.Ignored
Disliked{quote} And that must be why no retail traders ever succeed right? To say forex is not gambling is just naive as seems to be the requirement of most retail traders. Just look at the stats. Most fail, The house pretty much always wins and is only out to get your money. You people upset so easily and i find that ironic considering that forex traders apparently need a cool calm mind..... Sticks and stones!Ignored
Disliked{quote} Wrong again. There are lots of successful retail forex traders. I know many. And I didn't say it's not gambling, I said it's not a game. It is gambling for people like you. Just like jumping into a pilots seat and trying to take off in an airplane would be a big gamble, but then you'd blame the airport, the airplane manufacturer, the the laws of physics for your crash. So, a big note of caution to everyone wanting to fly an airplane or trade the forex: you need to know something about flying and trading before you take the risks of either...Ignored
Disliked{quote} Not exactly. 8 out of 10 startups fail within the first year. It is actually a better rate than I expected, a few years ago it was about 90% when I was in business school. Not to mention the associated costs of actually running a business and not making any profit. I don't want to start a debate here but I believe that trading is less dangerous than starting a business, since all you have to lose is your invested capital (with some few exceptions, like the EURCHF not long ago), provided that you have zero experience in both field.Ignored
Disliked{quote} Business startup = 50% Retail forex 95% http://tech.co/startup-failure-rates-industry-2016-01 I know that the retail forex PR would like the retail forex enthusiasts to be drinking the Retail Forex kool-aid, unfortunately reality sort of gets in the way ....Ignored
Disliked{quote} Business startup = 50% Retail forex 95% http://tech.co/startup-failure-rates-industry-2016-01 I know that the retail forex PR would like the retail forex enthusiasts to be drinking the Retail Forex kool-aid, unfortunately reality sort of gets in the way ....Ignored