How to make money out of forex

[glenn_r]

"
Hey Mr profound when you coming over to the futures market. We won't hurt your emotions over there. "

Can you still buy soap on a rope?

 

[MS+Tradesim]

Re: Attitude

I start with atitude cause I see most of people in this around are angry.

Felix, I don't think anyone around here is angry in general.

What makes people on this forum angry are scammers who try to fleece newbies of their hard-earned by selling them overpriced blackboxes/systems/seminars.

You see, this forum is not your average "anything goes" Wild West playground. There are way too many genuine professional traders and a very good moderator team who won't let scams get air time.

I note one of your posts has been edited for spam. If you want credibility, earn it by posting something of value.

 

[sails]

Here's a mechancial trading system that anyone can use to trade.

Yes I know.... those that trade trade.... those that can't, sell trading systems..

Once in a while you come across something that does actually make you money... not my system either...

http://www.fivetictrading.com/forex/Fxlivetrade/Fxlivetrade.html

Once that typical, but annoying, marketing page (as seen in fap's link above) - I'm outta there fast.utthedoor:
If the product is so good, surely it shouldn't need all that marketing rubbish to go on... and on... and on ... and on...

 

[Trembling Hand]

Once that typical, but annoying, marketing page (as seen in fap's link above) - I'm outta there fast.utthedoor:
If the product is so good, surely it shouldn't need all that marketing rubbish to go on... and on... and on ... and on...

Better still waste 10 min of your life and have a look at the vid. Its a hindsight trade on a replay sim and the scammers haven't even the brains to pick a trade with a positive risk to reward. Its a bloody replay!! And then fap pimps it.

 

[Stormin_Norman]

no loss trades on the example.

 

[aleckara]

Newbies when they see all these methods of trading get confused and wonder if it is possible to make moneyby trading at all. And of course if it is possible there is no way to learn unless you already know.
Myself when I see pages like the one above with their marketing speel I shy away immediately - even if I don't know too much about the subject something inside tells me that there isn't enough evidence to trust these things.

I always assume with trading that the people who do know don't really share too often - they are busy making money and don't need to.

 

[CanOz]

We are giving this thread too much attention already. There is no value adding going on here, shut it down and make it go away please.



CanOz

 

[nulla nulla]

with forex brokers your loss is limited at your deposit.

in that sense its not like a leveraged loan against your house for shares which can become net negative.

if your currency account hits margin, youll be sold out and left with a fraction of your deposit.

not ideal, but not a 'storm' situation either.

again, leverage and the use of it comes under good money management. those that dont practice good money management may as well be @ the casino.

Would BNB be a reasonable example of someone that should have gone to the casino?

 

[Stormin_Norman]

BNB?

 

[fapturbo]

Better still waste 10 min of your life and have a look at the vid. Its a hindsight trade on a replay sim and the scammers haven't even the brains to pick a trade with a positive risk to reward. Its a bloody replay!! And then fap pimps it.

I can see you obviously are very experienced. Way Way more than me.

Potential Five Tic Trade Setting up here....

Need an upbar closing outside of bollinger bands.

 

[Joe Blow]

fap,

Can you please attach images larger than around 700 pixels wide rather than just link to them as they distort the right hand side of the forum border when displayed. People can then click on the thumbnail to view the image in its original dimensions.

I have taken the liberty of attaching your last image.

 

[Felix Profound]

What a Joke. Its 90% skills like friggin everything else in the world. This is a classic. Some dude who hasn't a clue regurgitating cliched rubbish and no doubt actual believing himself. Which is fine after all its a zero sum game and we need LOTs of jokers like this.

Hey Mr profound when you coming over to the futures market. We won't hurt your emotions over there. :

If someone have ever experienced real trading finds out he/she is not that rational and wise he/she thinks.

Suppose you know best holy grail systems about trading, but when it comes to real trading you see there is somebody else in your shoes who click the mouse and open positions.

You sure have experienced it. This is the main thing distinguishing winers and losers.

 

[Trembling Hand]

You sure have experienced it. This is the main thing distinguishing winners and losers.

Absolute BS. The thing that distinguishes winners from losers is SKILL. The emotion stuff is marginal BS spewed out by dudes like you who can't and don't trade.

Mr Not So Profound everyone is waiting on you. Where is the profound knowledge?

 

[Felix Profound]

Attitude

Anymore, I don't know how to emphasize on attitude when trading. This is a just thing you can find out in your solitude before going long or short.

Just accept me

If you are angry, upset, excited or anything odd...you are going to lose in your next position (This is regardless you got the best trading system or not)

P.S.: Trading System and Trading Strategy in trade terminology are not same. A complete trading strategy includes a trading system.

 

[Trembling Hand]

We are giving this thread too much attention already. There is no value adding going on here, shut it down and make it go away please.

Going long this idea without emotion. Apparently that will make it work.

Just accept me :

 

[Felix Profound]

Absolute BS. The thing that distinguishes winners from losers is SKILL. The emotion stuff is marginal BS spewed out by dudes like you who can't and don't trade.

Mr Not So Profound everyone is waiting on you. Where is the profound knowledge?

SKILL alright
but in what? I say in emotion control.

I want every body who has blown out an account list all his closed trades to see how much of his/her positions are based on his/her trading system.

I say just 5 to 10%

rest of positions are based on instant decisions.

I hope you are a profitable trader but for sure you have lost some account. Frankly speaking how much of your losses are because of a losing trading system?

I accept. Mathematically speaking making money out of trading is not that easy. but if you look at statement curves of EXPERT ADVISORs you see they gradually approch to zero but the statement curve of traders fall suddenly towrad margin call.

 

[Trembling Hand]

SKILL alright
but in what? I say in emotion control.

I want every body who has blown out an account list all his closed trades to see how much of his/her positions are based on his/her trading system.

I say just 5 to 10%

rest of positions are based on instant decisions.

I hope you are a profitable trader but for sure you have lost some account. Frankly speaking how much of your losses are because of a losing trading system?

Err!!This is where you have no idea and the BS about emotions gets thrown around. Just because you call it a system doesn't mean it will make money!!

You are obviously not a traders Butt hole. Or you would have something to say that made sense to traders.

 

[fapturbo]

Going Long 1 Pip plus spread above high of Up Bar... Profit Target 15 Pips. Stop Loss 20 Pips.

 

[nomore4s]

Going Long 1 Pip plus spread above high of Up Bar... Profit Target 15 Pips. Stop Loss 20 Pips.

fap, let me get this straight. Your stop is larger than your target?

What is your win rate with this system?

 

[Felix Profound]

Attitude

To be a profitable tader, it lasts 3 to 5 years. You should learn too much in this while but as long as it goes your focus from finding a holy grail turns to emotion control and money management. I wish there was some professional traders in this forum to approve me getting rid of newbie stuff