ForexAssistant's Posts - Page 12

Traders Give Birth to a New Idea, premier announcement in New Traders May 20, 2014 at 19:18

Ironman, and honor to have you drop by. Sorry it took so long to post but life has a way of getting in the way.We have added a fund raising campaign to the website called Fundly, https://fundly.com/common-language-appealIt cost $300 to send out a press release and Face Book will eat a $100 in no time. $5,000 for a decent video, These costs are going to slow us down unless others catch the vision and want to help out. So while we are not asking for any financial support, we have made it possible for people to help out that way also. It seems that there are some organizations set up to help...

Can I rely Only on Autotrade without knowing any technical or fundamental? in Experienced Traders May 19, 2014 at 17:21

fxviv, I make mathematically based automated robots for investors, people that know very little about trading. But I would advise against just using any system, even managed accounts if you don't know how they make their money. Our systems are more fundamental and designed to be used by computers so technically the answer to your question is yes there are some robots that will do everything for you but you are adding an element of risk that doesn't need to be in your trading.If you are outside the US, the RISE robot is the safest that I've ever seen, it averages around 12% and ha...

Whats EUR gonna do? in Experienced Traders May 16, 2014 at 07:58

Well, the wall is thinking around 1.3400 but personally I never listen to them at all.Bob

Is forex gambling? in Experienced Traders May 13, 2014 at 22:49

EEwww !!!

Is forex gambling? in Experienced Traders May 13, 2014 at 18:03

49 pages and counting, don't tell me this group has nothing to say....Actually I have a heads up for anyone using Go Daddy for hosting, they have changed their programs and have not told anyone that they are using different and inferior support products, they have taken to lying to customers about their service and technical problems. Looks like Go Daddy has changed to Go somewhere else. Old news by now but FXDD has quit the business (at least for US traders).The saga of US government interference in financial business matters have taken another victim. FXDD was labeled a bucket shop but...

Is forex gambling? in Experienced Traders May 13, 2014 at 06:33

Does anyone remember this question?"God will never help us with it right? because gamble is forbidden by any of religion in the world righttwist?, so there is more loser than a winner on forex business because God dont like this stuff.... so forex/futures/index is pure gambling? "Here's a better question, does anyone really give a rat's ass? This question has gone on for 48 pages just to discover if God gives a holy shit about forex trading. Subjects that could use a little conversation go unexamined while "how does God feel about trading the forex" gets 48 page...

Is forex gambling? in Experienced Traders May 12, 2014 at 19:00

Well you know from my previous post that I am not a big fan of extremely low draw-down. If your system never gets over 10% draw down then you're wasting 90% of your earning power. When I hear low DD quotes, I just shake my head but that is just the mathematician in me, what anyone does with their money is really fine by me.Now the deeper issue, " I would love to know why is it they don't risk their own funds,"Well certainly you have a valid point that i can't dispute but posting those results may not be the wisest move for everyone. I suspect by your name Master Kiwa t...

Is forex gambling? in Experienced Traders May 12, 2014 at 15:32

@Master_Kiwa:"Why are the demo traders always trying to gain credibility?"Maybe I can help to shed some light here. This is the playground. People originally came here because it seems like a likely place to learn about what goes on in the forex world and maybe even to make a new friend or acquaintance. But the posturing soon follows and everyone is trying to get some recognition for their individual accomplishments. The problem is, there are no newbies on this website that want to learn anything at all. If there were any new investors or traders that accidentally got on to the ...

Traders Give Birth to a New Idea, premier announcement in New Traders May 10, 2014 at 11:09

My but it's quiet. There is something to be learned here. It is much easier for us to talk about our hobbies than something that could change the direction of the world toward a better place. I thought that there would be some discussion on ways that such lofty goals might actually be accomplished. At least, I figured that someone would have a reason why they thought that encouraging the adoption of a universal language was a really bad idea and anyone who would dream up such an idea must be out to scam someone and should be drummed out of existence. But silence? I just don't kn...

Is forex gambling? in Experienced Traders May 07, 2014 at 04:57

"Tell me your hit-rate on a 1:1 basis, and I'll tell you if your progressive betting has a chance of succeeding."So could I, but there in lies the problem. As you know a straight martingale recovers all the losses with the same number of pips to the good as is taken for the loss. With the Fibonacci you start out the same size but over 9 or 10 consecutive losses the recovery size is 1.62 the stop loss. Example if we set the stop losses to 10 pips then the first two trades will fully recover the losses within 10 pips but the 3rd trade will require 13.4 and continues to grow larg...

Is forex gambling? in Experienced Traders May 06, 2014 at 05:15

"How's my old mate Bob doing? Don't let them get to you mate!!"Hey it's Silverthorn, your back. Well doing better now. I was a bit ticked for a bit when good traders were dropping out because of all the name calling. We seem to have lost HolyCow. I have been working on something that is so big that if we can pull it off, there will be a cascade of benefits that would rival that of the internet. I posted the announcement of this on this forum because I was here when it came to me. http://www.myfxbook.com/community/new-traders/traders-give-birth-new-idea/755228,1#?p...

Is forex gambling? in Experienced Traders May 06, 2014 at 01:57

No, Pegasus is doing fine but it has been changed. I've added an aggressive option that I am checking out. You just don't understand what you are seeing and like every egotist here, you make an accusation instead of first asking questions to understand. I want a program that will give the equivalent of one profit for each trade regardless when the profit is made. A recovery program that is a little above your pay scale called a Fibonacci recovery algorithm has been doing very well but there is a secondary recovery system that kicks in so the primary recovery system doesn't get...

Is forex gambling? in Experienced Traders May 05, 2014 at 03:04

If a investment system can take over 3,000 trades with no losses, how can the market be risky? Everyone can trade it wrong but if one program can do it, not just once but every time, I say the assumptions are in error and the market isn't what is so risky.Check out the attached article that I wrote about a year ago, but just updated to see reasons why forex is safe.Bob

Welcome! in Experienced Traders May 01, 2014 at 13:03

The problem here is a definition of terms. Certainly the forex as a conduit of currency began when Nixon took the world off of the fixed rate established after WW2. But that was only for big volume traders, banks and stuff. Oanda was the first forex broker to accept small traders in 2001, so though the new forex spot market existed on paper as an authorization of congress, (US) it didn't really take form until there was a broker to offer it. Up until that time the forex market (Foreign Exchange at that time) was largely in the futures market. Way different animal. And in 2001, the min...

Traders Give Birth to a New Idea, premier announcement in New Traders May 01, 2014 at 10:40

"Hi, Bob, Will the language of Earth be 1st language for everyone or 2nd?"In the past, every time there had been a universal language of any type, it has been a second language to most of the people but to some it had become the primary language because of their position. Interestingly, while most people never learned the common language, those who had where generally treated with greater respect and were coincidentally more upward mobile.Languages tend to bind people together, like the the Jews for example. Centuries without a home country but they kept their identity through their ...

Traders Give Birth to a New Idea, premier announcement in New Traders Apr 29, 2014 at 20:18

" Languages are not only communication tools, but also integral parts of world culture."And you won't lose that, every area will still speak as they always did, but children will also be taught the language of Earth. Anyone who wants to learn the whole Earth language can do so but there are no requirements. It would be like building the infrastructure upon which a new concept of who and what we are is formed. Kind of like an extension of the internet itself. Plus one important factor, for the first time in the history of the world, the people of Earth will have work together ...

Traders Give Birth to a New Idea, premier announcement in New Traders Apr 29, 2014 at 17:49

Humanity is failing, I have been aware of the decay for some time. The numbers are verifying the observations. Every generation has complained about the young and how they would never get away with what that next generation does. With this awareness, we tend to dismiss our apprehensions as typical of the elderly. Until you can measure just what humanity is and is becoming.Tensions are mounting world wide and we are going to start killing each other again. Not just by the thousands, but by the millions. If you want to know what humanity is, take a look at what we do best, we are great kil...

What is your Hobby ? in New Traders Apr 29, 2014 at 06:29

OK, I have a new hobby, I think I would like to join in with everyone and try to save the world. I remember the Cuban missile crises. What has changed in humans that it can't happen again? There is a hope that we could all start seeing ourselves as one people of Earth, with one language to unite us. That is a hobby worth doing. Come to this thread and see what I am talking about, things are moving quickly, we don't have much time.http://www.myfxbook.com/community/new-traders/traders-give-birth-new-idea/755228,1Bob

Traders Give Birth to a New Idea, premier announcement in New Traders Apr 25, 2014 at 21:39

And before English we had Latin but when Rome fell so did the language. Since these natural languages are accepted because of the military domination of the people, there is a love hate relationship connected to the language. We don't need emotions, we have too much of that all ready. It's better to have a non aligned language of the whole human race, that belongs to all of us and doesn't represent one group over another. What happens when the US loses out to China, we all have to learn Mandarin? English will still be spoken in the local countries that speak English, but educa...

Traders Give Birth to a New Idea, premier announcement in New Traders Apr 25, 2014 at 13:11

Actually, I didn't have any language in mind, the benefit of using Esperanto is that there are currently over 2 million natural speakers and current language courses. However, it was first created back in the 1800s and a lot of our world has changed. There are already several versions of Esperanto. And, there are other languages that already exist as well but it might be better for modern linguist to develop one that is even more universal and relevant to life as it is today.However, I think we traders have a lot to gain by having a common language and are uniquely positioned to be able ...

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Posts by ForexAssistant