DislikedEverything is worth as much as the buyer wants to pay for it, or is desperate enough to pay for it.Ignored
The landscape of fundamental factors is always in flux.
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Twelve stepping stones for rookies 21 replies
Trading Myths and Some Forex Math 337 replies
10k (0.1) Position $300 to $64k In Twelve Weeks 17 replies
Forex Myths 29 replies
Anyone know most widely used EA? 1 reply
Disliked{quote} A brash but correct way of putting it. The landscape of fundamental factors is always in flux.Ignored
Disliked{quote} I did not mean to be cynical. If I had left out the desperate part it would not be real. Because in many situations in life people are pressured into a possibly bad deal because there is no other choice or no better choice. Examples being high gasoline prices or low wage jobs.Ignored
DislikedHolding a buy and a sell in the same pair is a valid strategy......... you can whittle down a loss to a fraction of its original size.Ignored
DislikedHolding a buy and a sell in the same pair is a valid strategy.....
you can see not only their patterns in the market but also what they are doing. Takes a while though.Ignored
Disliked22. High Win Ratio is the strongest indicator of a profitable traderIgnored
Disliked{quote} Hanover, you are one of the only people on this forum I have any interest in listening to, as you are always intelligent, logical and from what I can see, correct. However in this instance I have to disagree or at least question the meaning (hopefully in a constructive way). I am a firm believer that it is impossible to forecast price direction. To do so would mean the ability to know the thoughts, feelings and beliefs of every participant and waiting participant, and also know how those thoughts, feelings and beliefs will make those individuals...Ignored
DislikedMyth # 8. That 'casino based' MM doesn't apply to trading. MM (bet/position sizing) is pure math, and applies to any speculative activity that generates a distribution of wins and losses. As indeed trading does. MM can not provide an edge, unless you can establish serial correlation (i.e. the outcomes of consecutive trades are causally dependent), or otherwise find a way of getting the larger positions to coincide with winning trades. See myth #2. The edge can come only...Ignored
DislikedTwenty-six widely believed forex myths I would have saved myself a significant amount of time and money if I'd understood the following, when I first started out: w.Ignored
Disliked{quote} Agree. Another myth is that you have to use Take Profit and Stop Loss. No one has proven to me that you need TP and SL to be profitable. Amateurs go broke by taking huge losses and Pros go broke by taking small profits.Ignored
DislikedThis is an endless list. Hanover adjusted his to 26, but is there a limit to the list? Here's one: Indicator 'X' is very powerful. In real terms, no indicator is powerful. Its potency depends on the user. KPIgnored
Disliked{quote} That's why I always tell people you can't trade like a robot. That's why many fail, the desire to systematize stuff and do no work. Trading involves a lot of active thinking, every trading method should be used with alot of discretion. This comes through 10 of thousands of hours watching the charts.Ignored
DislikedI really found good benefits about this process, back-testing and forward-testing my so-called EAs, it was easier to find the pitfalls of my strategy, its pros and cons, and thanks to this I was able to improve a lot. I really wish I had started "coding" long before. In short, I'd like to add: That trading with an EA is supposedly always a losing strategy.Ignored