ForexAssistant's Posts - Page 4

How to increase trading skills ? in New Traders Mar 09, 2015 at 15:15

All the advice given here is all about technical trading. There are other systems, but those that learned one way will always believe their way is the only way and will always recruit others to that method. Practice, learn from others, lose money while learning.... But let me ask, do you need to learn how to fix a car to drive one? Could you not drive to work or the store every day of your life without ever knowing how the car works? Systemic trading was designed for use by computers, a human could never trade that way himself without the computer. If you only wanted a trading system tha...

Some help would be appreciated in New Traders Mar 05, 2015 at 01:45

I see it completely different. Why should one try to control that which was given as a tool to alert us to when we are doing something wrong. I chose to go with robots as they don't seem to have any problems with any kind of emotions. Now my emotions are feeling pretty cool as my robot makes around 2 percent a month and I can go fishing. Never send a human to do a robots job... Bob

Central Bank rates in Experienced Traders Mar 04, 2015 at 06:49

What makes a currency strong is how many people are buying it. The AUD/NZD is really low, actually setting a new record for low since the new spot market came into effect in 2001. The first currency is the aud, if the price is high then it takes more nzd to buy one aud. That means that the aud is strong compared to the nzd. Or it means that the nzd is weak compared to the aud. So the second currency listed is strong at the bottom and the first listed currency is strong when the price is at the top. Now what makes a price go up? Lots of people buying. When a big difference in the interest...

What is the minimum salary and experience to be able to trade live? in New Traders Mar 04, 2015 at 06:21

"I have still yet to see a single account make even 0.1% per day, everyday, 260 trading days a year.Please let me know when you find one."Here's one to consider, it is fully automated but you are welcome to know every detail on how it works (No Black-boxes are ever recommended", and can try them on a demo account of your own for as long as you need to. http://www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841Hope this helps.Bob

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 26, 2015 at 14:11

Vontogr wrote; "It is waste of my precious time to chat with you. "Now your catching on old buddy, and by the way, save me a spot on that island, I'm right there with you and CrazyTrader any day.Actually, the nice thing about real estate is you don't have young know-it-alls, trying to tell you your job. And that could be true with forex if you stay within your market. Those working people appreciate what we can do for them. But if you want to know what kind of BS your students will face, you have to go to the rummer mill and see for yourself the kind of non-sense the hustl...

Any low risk strategies with good returns? in Experienced Traders Feb 24, 2015 at 16:02

charlesdethib86 wrote; "While we can still discuss the fact that for systematic trading demo and real result should be closed to each other, manual trading can end up totally differently due to human psycology as Cholipop said. Even two real traders using the same strategy will not end up with the same results".I will have to concede to your point that once the human element is added to anything, there is confusion. Machines are more capable of consistent results and as you can see from these wave forms, they are very consistent. http://www.myfxbook.com/members/ForexAssistant/rise-...

Any low risk strategies with good returns? in Experienced Traders Feb 23, 2015 at 18:23

There is a lot of advice for new traders on this board, some of it from those that are making a living helping others here, some from other newbies and some from people like me who has other ways to make money and isn't looking to make money from the newbies on this forum. So how can you tell who to trust?One good indicator of who knows something is how long they have been a member of the forum. People that have been here awhile have heard most of the crap that gets spread around and knows where to not step. They know what doesn't work and can shorten your search for what ever it i...

Any low risk strategies with good returns? in Experienced Traders Feb 22, 2015 at 14:21

This is a general statement not as a response to anything in particular but something all new players should know. No matter what you do in this world, there will always be those who can not achieve anything themselves, so they try to tear down others. We call them trolls but they are just people who have no idea why they are here on this planet. If God is the creator and humans are the sons of God, then it is natural for humans to create. Creating gives us our fullest level of pleasure and self worth. Those that don't create, tear down. If creation is of God, what camp is for those ...

Any low risk strategies with good returns? in Experienced Traders Feb 20, 2015 at 13:03

Again, your beautiful curve loses its charm when there is nothing to see but the curve. Less than 3 months isn't enough time on the job to make any predictions about anything but we could discuss it if at least the history was available. But these posts with just the analysis page, well they just don't say much. Bob

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 17, 2015 at 18:59

kanon, only females think it rational to answer questions with a question. You made an off the wall statement without any support, so I asked why you said what you did. But I said nothing, so your question is left without any basis and I can not formulate any type of reasonable response. Now if you are female then ignore that first paragraph it is meaningless anyway. What I meant to say was, I am sorry, it was my fault, I misunderstood what you were saying. It won't happen again and thank you for being so understanding.Bob

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 17, 2015 at 12:18

Really kanon, why is that?Bob

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 16, 2015 at 23:31

Maverick, I am speechless. fractal trucks... and they all look like mine....But that doesn't change the economics, currencies can't get too far out of line with all the other currencies or it would become useless and we would not be trading it. Currencies can collapse, of course but they generally don't do it in secrete, in fact, everyone knows about it weeks before it happens. There is risk but manageable. Bob

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 10, 2015 at 17:50

Fractals are prevalent in nature but not in everything. I have a little truck that I am found of. There are other little tucks like it but there are none that is ten times bigger as would be expected if fractals were ubiquitous in all. I for one do not believe that fractals hold any sway in forex trading. However, the numbers associated with the wave form are just measurements from an arbitrary starting point. Where each wave or form in fractal geometry would actually begin from its own start point, say the bottom of the local form of the open but would not be required to all start and st...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 10, 2015 at 15:15

@ MaverickWell my friend, this is a first. Since you are using ECN brokers, those feed come directly from the liquidity providers, the big banks that run the forex. We have long known that there was small differences from one provider to another. In fact, there had been conversations in the past about watching one broker and trading on a second broker that tended to follow the first but the differences were so small that everyone seems to have given up on it. But we never anything this massive.Of course it would have taken something like locking a currency to a bigger one as was done to th...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 09, 2015 at 17:50

May I ask, what currency pair and time frame is that?

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 09, 2015 at 17:19

"Recent swiss events have shown us that it is extremely difficult to get something back when you got hit by nonexistent price."If brokers were to get away with moving the price arbitrarily by that much, there would be no forex trading, everyone would just quit. STP/ECN brokers came into existence because back in 2006 the advice traders all gave one another was “Don't trust your broker”. The word got out that the MT3 and Mt4 had the ability to hunt prices, hitting stop-losses that were close but the price on demos and other brokers didn't quit get that far. Als...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 09, 2015 at 15:09

Mav, I checked my brokers and that spike doesn't exist on them. Sometimes when a broker unplugs from the system, their computer is looking for a price that isn't there so it bottoms out. Electronic spikes can be challenged because it never really existed in the market. If they don't make it right, that is theft by your broker. It is the same as if they kept the price from hitting a take profit. It is theft. But every broker since "One world" which went out of business refunds losses due to electronic spikes. But on Jan 11, this year the audnzd did brake below the ...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 09, 2015 at 13:00

" Not trading the market, but the forex market itself"I was concerned that someone would miss the part about the market itself but for you Vontogr I will explain because I don't want you or any of my other friends to think I am egotistical or anything. A mechanic looks at the functionality of a car very differently than the driver. The driver can operate the car and get where he/she is going without understanding what makes the car go. The forex market was not created to make a bunch of traders happy. It is designed to make commerce around the world possible. If the price of...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 08, 2015 at 17:13

Mav, "Wish you good luck, but I would be glad If you could at least roughly explain your concept of ,, center point,,. "In sound-bite fashion, “it's because the banks want it that way”, but that's not an answer to why, and why can't be explained in sound-bite. But, I will answer your question, I'm just not sure of how soon. A little patience, I'll get it to you, promise. Bob

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 08, 2015 at 16:59

I'm sorry Ben, but I can't really follow what you are trying to say. Humor doesn't carry over very well in text and that whole “face grating” thing distracted from whatever point you were trying to make. One error that I was able to pick up on is the belief that all possibilities are of equal weight. In the flip of the coin scenario, what you are saying makes some sense as it requires a fair coin. But there is nothing fair about the forex market. My preferred recovery system uses the older Fibonacci sequence instead of the Martingale one. You will never get thi...

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Posts by ForexAssistant