ForexAssistant's Posts - Page 11

Traders Give Birth to a New Idea, premier announcement in New Traders Jun 18, 2014 at 06:36

Well, I think we have finally got the CommonLanguageAppeal.org and CommonLanguageAppeal.com set up on its own hosting and we are getting the e-mails transferred, then we will begin the news releases. Let me know what you think of the new webpage. All feedback is helpful.Bob

The best system I've ever seen! in Experienced Traders Jun 17, 2014 at 15:21

Gary, what if a system is designed to use more draw? The draw really only tells you how efficient you are working. If you never get higher than 10% draw, that means that the other 90% of your money isn't doing anything for you. Plus, depending on the system, it could do well staying around 10% draw, then fail completely within a couple of days. Draw down should be treated like an indicator, sometimes they're wrong so we can't put too much faith in it. However, the system in question is so week in so many areas, I'm with you, it tells me all I need to know too.Bob

Why 90% of retail traders fail... in New Traders Jun 15, 2014 at 18:53

Maybe I can help out here Brian, first the failure rate is down to about 80% now, the 90% was true a few years back. However, the data about how many trades were lost compared to the total trades doesn't tell you about how many traders quit trading because of their losses. If someone is profitable for 6 months then gets wiped out in one and he quits, this person goes into the failure folder though he was profitable 85% of the time. Maybe it would help if we said that we have a high attrition rate, somewhere around 80% although failure is the correct analytical term. Bob

Can I rely Only on Autotrade without knowing any technical or fundamental? in Experienced Traders Jun 15, 2014 at 16:56

"12% WHAT?PA OR PM",I think that question was for me so I'll just say that our programs are designed for safety which also can reduce potential profits. The RISE program mentioned in the previous post makes about 12% a year. Better return than bonds and stocks and annuities, not as good as a professional trader. Safer than stocks and most professional trader, and sometimes its even safer than bonds. The risk is comparable to annuities but you don't lose your principle like you do with annuities. RISE is better suited for investors than traders however some traders like to...

Traders Give Birth to a New Idea, premier announcement in New Traders Jun 14, 2014 at 05:53

Steve, yes technology can help but consider this, you have met one of those Russian beauties, she cuddles up with you in front of the fire sharing a glass of wine. You look into her eyes, whip out your translator and whisper, "Oh my, you do look sexy tonight". Your translator says, "you look like my sex tonight". Even if it happens to get it right, there are somethings that should never come between a man and woman, a translator is one of them.Oh, this is great, I know how to make this cause go viral, Guys' you really could pick up a Russian heart breaker as you coul...

Passive Income Generator in Trading Systems Jun 13, 2014 at 05:16

Well, no I retired because I'm 62 years old and I have one last mission that has all my attention these days. Its the biggest trade in history, if we get it right, everyone on the planet wins, if we fail, everyone loses. Come and check it out, I would love to hear your opinion.http://www.myfxbook.com/community/new-traders/traders-give-birth-new-idea/755228,1However, I do want to say that I appreciate your kind words of support, thank you.Bob

Traders Give Birth to a New Idea, premier announcement in New Traders Jun 12, 2014 at 05:19

Steve, I need to acknowledge your post and want to comment on it but I got carpel-tunnel writing the following article to Zoom. My eyes just got opened and decided to copy this question and lengthy answer over to the new blog that Mary is setting up for CommonLanguageAppeal.org .from ZOOM; “I am among, probably, the majority of people here not convinced in your idea. By no means to discourage you, but you need some more evidences, some more examples, some more other ideas as to how this new global language will make it better for the Earth or be used within the United Nations. Curious to...

Traders Give Birth to a New Idea, premier announcement in New Traders Jun 10, 2014 at 18:22

@gatornuke Well, I'm convinced, both English and Spanish is a bad choice for a universal language. The language should be as pure as possible so everyone can feel good about accepting it. Let's face facts, English carriers with it some baggage that just is not needed in tomorrow's world. English should be preserved as a local language for those that have adopted it. It adds to the ambiance of the culture but the whole Earth, starting with the United Nations , needs a separate language of it's own. The Earthen language along with the people as a whole needs its own group cu...

Why 90% of retail traders fail... in New Traders Jun 10, 2014 at 17:43

Ah, disgruntled, if only you could have joined us before you took that trade. By the way, thank you for the heads up on that company but we are traders here and our whole premise is to by pass the middlemen. However, if we did like the profits over risk and we wanted to get in on whatever they were doing, we would probably not have gone over 5% of the pension fund. This is what we call money management or risk management if you prefer but it is just part of what we do. You can't change what was, just pick up the pieces and don't invest in anything until you have had a chance to l...

The best system I've ever seen! in Experienced Traders May 31, 2014 at 07:05

Blocks his trades, blocks his history, how can anyone asses the risk involved. Not for me.Bob

Traders Give Birth to a New Idea, premier announcement in New Traders May 27, 2014 at 01:14

"i often struggle with using 'on' vs. 'in'. "Really, the different vowel sounds in Spanish throw me as well. How are you with (too, to, and two)? Bob

100% Absolute gain in Experienced Traders May 25, 2014 at 19:28

" take out a lump sum once it hits 100% abs gain. What for? where are you going to put it? "I use profit generators (programs too risky for retirement but can make several times the deposit before a serious loss). Once you reach 100% then you should take out at least some and diversify your holdings into other streams of income. This is just sound money management practices. If you don't diversify and have all your eggs in that one basket, you will stay up at nights watching that basket. Take your money out and put it into other things and get some sleep.Bob

technical analysis in Experienced Traders May 25, 2014 at 19:11

I love the young with such lofty goals.OK, start with Benoit Mandelbrot's book the '(Mis) Behavior of Markets.'Because of the large error of unusual events (bell curve with extremely fat tails) I began to look more toward a distribution of events and tried to see where they originated, (like finding the pieces of bomb fragments and calculating where the blast came from). I figured a Taylor series, then I discovered how rusty my calculus was. Good luck young man, please stop back in and let us know how you are fairing.Bob

Traders Give Birth to a New Idea, premier announcement in New Traders May 25, 2014 at 05:35

To Togr first,"There were such tries to use world simplified language like Esperanto.But in real world the languages supported by huge armies and lot of printed money like the US are winning"You make two points which are both true, I can't refute what has been but my argument is that we have several new situations that change the game. In 1850s they didn't have electricity much less the internet. We couldn't talk like we do now. Which means ideas couldn't go viral. And there wasn't a United Nations that really needs something like a Common language. Honestly, ...

Brand New to forex . Need help in New Traders May 23, 2014 at 08:21

Oh, yes. Good point.

Brand New to forex . Need help in New Traders May 23, 2014 at 08:18

"find broker who accepts US clients like FBI or FinFx"The problem is that after you get set up and are trading, the broker drops the bomb on you, no more Americans. Moving again. It is simply that you can't trust a system when there are only a couple of choices for brokers that will allow you to trade with them. I have had 4 accounts close on me because of being a US citizen. The best choice is to go off shore with your business, (set up an offshore IBC) then it can trade like the rest of the world does without worrying about how long will it last?Bob

Traders Give Birth to a New Idea, premier announcement in New Traders May 23, 2014 at 05:59

Well my friend, I hope your wrong, because I also believe that if we don't do something to pull ourselves together, we will inevitably end up pulling ourselves apart. I would like to think that the millions of years of evolution taught us that we can change. Maybe we can quit killing each other, we won't know unless we try.I don't know where I got this old saying but it seams to fit this situation pretty well, "it's better to try and fail, than to fail to try and forever live with the wonder of what might have been". Now Gatornuke, I love you like a brother but it ...

Traders Give Birth to a New Idea, premier announcement in New Traders May 22, 2014 at 17:06

Ah Togr, my respects Sir.You are one of the few that have been around longer than I have. With all of the bravado that goes on in these forums aside, there is no replacement for experience. After reading your posts for, what about 3 years? I still can't say that it seems like I know you, just that I wish it were possible. Now the question, "Which lng is it? Chinese or English? ;)"That's the question that we will need to answer if our common language project fails. We would like to disassociate our communication abilities with politics. Ironman told me that some French s...

Why 90% of retail traders fail... in New Traders May 22, 2014 at 15:54

Gremlin; "I'm in love with it."Yes, that was the term that I was going to use when I read your last post.Love is an emotion that doesn't play well with trading. There were some trader rules going around at one time, I think "never fall in love with your trades" was number 3. The market changes from time to time. Watch your system but don't put all of your faith in it. All that you said makes perfect sense, just remember the other rules. "Diversify often".As soon as it's financially feasible, find a second, third and fourth robot that you feel...

Brand New to forex . Need help in New Traders May 22, 2014 at 14:44

My advise, rethink what you know. Free robots? Why would you trust thousands of dollars to something others think so highly of that they are willing to give it away free? There are free trials on some but most of the ones that you pay for isn't worth it. There are some good robotic systems but maybe about 10% are profitable and most just barely. When the banks set up the forex market, they didn't do it to lose money. They will allow some profits out there but if it looks to promising for the trader, they will cut it.Being from the US, you have additional problems. If you read ...

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