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Humans vs. Robots
v
Obecné
Dec 14, 2013 at 12:00
VPS: $29.99/monthRobot: $500Cornering the market in your sleep.... Priceless.
Do you think that EA can be profitable?
v
Noví obchodníci
Dec 14, 2013 at 02:36
VPS: $29.99/monthRobot: $500Cornering the market in your sleep.... Priceless.😄
Is forex gambling?
v
Zkušení obchodníci
Dec 12, 2013 at 13:16
http://en.wikipedia.org/wiki/Gambling
Is forex gambling?
v
Zkušení obchodníci
Dec 12, 2013 at 03:09
If you consider Forex as gambling, then you are better of going to a Casino. You will have more fun for your money.REAL professional traders have an "edge" and they make money consistently using this edge. They are the 5%.And by the way, the 5% loves the other 95%, as the 95% is willingly giving them their monies.
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 28, 2013 at 15:19
Yep, I love and appreciate the 95%, too. I would not be able to make a nice living without them.
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 24, 2013 at 12:32
Congratulations for the performance of 1 week!I could come up with a perfect performance account of 4 or even more weeks with ease... How?1. I open 16 cent accounts. In the first week I open long positions on 8 accounts and short positions on the other 8. After one week I will have 8 accounts with nice profits. 2. On the 2nd week I discard the 8 loser accounts and continue with the remaining 8 winners. Again, I take long positions on 4 accounts and short positions on the other 4. By the end of the 2nd week I have 4 accounts with excellent performance.3. I repeat the same process for another 2 ...
Why 90% of retail traders fail...
v
Noví obchodníci
Nov 19, 2013 at 22:11
My guess is 95.7%. Where did you get the data from?
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 19, 2013 at 20:27
Congratulations, DEMO Warrior!DEMO trading is so-so-so far from trading with real money (in multiple aspects), that it is almost completely useless and self-deceptive. It is still better to trade on a "cent account" with micro- or nanolots than trading with a demo account.
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 19, 2013 at 20:00
I guess the 10,000+ hours (screen time) refer to both of us (and to most fellows in the "5% Club") - as well-put by Malcolm Gladwell in the "Outliers". By no means 10,000+ hours is a guarantee for success, it just part of it.
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 19, 2013 at 17:09
I have to disagree. Casinos do not speculate as they have a STATISTICAL EDGE on all the games they offer. It is the same in the business of trading: Once you have a statistical edge, it is not speculation any more. Of course, having an edge also means controlling risk (like casinos control they own risk). It is a part of having an EDGE.If you are curious about the "house" EDGE of different casino games, here is a good link: http://wizardofodds.com/gambling/house-edge/. Black Jack has only a 0.28% "house" edge, but still, hundreds of casinos thrive on offering this game. Why...
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 19, 2013 at 11:45
Thanks! This MyFxBook thread - started by DGilberto - adds some more very useful insight: http://www.myfxbook.com/community/new-traders/why-90-retail-traders-fail/664838,2#?pt=2&p=1&o=664838
Why 90% of retail traders fail...
v
Noví obchodníci
Nov 19, 2013 at 11:25
DGilberto is ABSOLUTELY RIGHT! This is exactly why trading firms employ psychologists and there are so many books about trading psychology (just do a quick search on Amazon). On the other hand psychologists and books are useless, unless one has the adequate mental and emotional setup/foundation for trading.Personally I DON'T. Admitting it (after reading all the books about trading psychology) was the first step to become successful in trading. How? I just quit manual trading completely and moved to the algorithmic approach 100%. No more stress, no more fear & greed, no more fatigue and...
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 18, 2013 at 16:33
If you have an EDGE, trading is not speculation. It is being The Casino. Once you are the Casino, then you win and lose (like the casion at the roulette table), but eventually and statistically you win more than you lose (the same as the casino). It is that simple.So find your edge, then you are on your way.
I want only a safe 4% each month... Which EA?? Thank you
v
Zkušení obchodníci
Nov 16, 2013 at 15:44
There are EA's producing stable 20-30% profit per month, but you'll never see them on MyFxBook...Please don't ask why... Just think for a minute before asking this question... Got it? Congratulations! 😄
Why 90% of retail traders fail...
v
Noví obchodníci
Nov 15, 2013 at 17:52
Belonging to the 5%, well, I don't care too much about it...
Why 90% of retail traders fail...
v
Noví obchodníci
Nov 15, 2013 at 16:57
Actually it is 95%... If you do not have edge, don't even bother to compete with the 5%...
Silent Specialist - Nick's Account - LiveForexTrading.info
v
Obchodní systémy
Nov 07, 2013 at 08:23
Another "kamikaze" trader picked by Nick...
Silent Specialist
v
Obchodní systémy
Oct 20, 2013 at 15:14
OK, then it is not that painful... I am also a subscriber of it on a regular account and at a similar risk exposure.
Silent Specialist
v
Obchodní systémy
Oct 20, 2013 at 11:38
Ouch...!!! It is a really painful start...
A life change
v
Noví obchodníci
Oct 16, 2013 at 13:15
To make a STABLE living from trading is next to impossible, but still, it is possible. One just has to be smarter than the other 95%... And by the way the other 95% is not stupid either. So there is a fine line between to be smart or smarter. And this fine line makes the whole difference between getting stuck in the "rat race" or becoming financially free.Trading is a definite challenge, but in fact it is the beauty of trading, i.e. the constant challenges of an ever-changing market. Never a dull moment while being in a trade. 😀 By the way, we can learn a LOT about ourselves,...
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