i do not have a system
i know how market works
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Almost everyone is lying. Because there's no such...
- Thread starter DeadTrader
- Start date
i know how market works
see my statementI'm saying it's not possible and forex market is random...
keep on seeing my statements, if you like.
Markets cannot be random,if they are truly random, no one will lose money in the long run.
random means the probability is 50% and if that is so no one will lose in the long run.
In Las Vegas no one wins in the long run.....because the house has the edge, and so it is NOT random
In trading too no one wins in the long run as you are saying so markets are not random.
but you are saying you will lose in the long run BECAUSE markets are random: this does not make sense.
so you are misunderstanding all of this because unless, you clean all the shit ,that is front of you and in your head,you are not going to see the diamond beneath it.
the losers misunderstand what is happening right before their eyes.i knew this 12 years back and i learnt to understand markets
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i agreeI'm saying it's possible and forex market is not random...
You are kidding right? Trading is not easy to learn? There is up, down, sideways. Trending, mean-reverting. Continuous vs jumps. Dividends, interest rate math (7th grade level math), discounting future cash flow valuations. Sorry but anyone who does not comprehend that should probably work at Mac Donald's. Trading is as simple as a simple computer game. I always laugh when I hear some guys talk about the market as if there was anything complex to it. It's utterly ridiculous. Why do you think some of the stupidest people on earth are drawn to trading like flies to a pile of shit? It's because it's as simple as it gets. And because the barriers of entry are virtually absent. And the lure of money.
Trading is not about complexities or difficult environments. It's up down or sideways. Trading is all about patience at some time, and quick acting in the face of a loss at other times, it's all about mental capacity and the ability to tune out feelings. Stop attaching any complexities to this industry.
And you get again hung up on issues that are not there but you read into them due to his poor English. Obviously he cannot mean that NOBODY can be successful at trading. If he indeed meant that you should not even waste your precious time on him as he is clearly contradicted (not by anyone at ET, mind you).
It can only be completely random or not random at all? Says who? Link to reference please. Because in my many years as student of advanced measure theory and probabilistic concepts I have not come across such statement. But let me prove you wrong with a simple example: imagine a price function that is driven by a stochastic component and also a deterministic component. If you understand both terms just mentioned then you know already that your claim is bogus. And by the way, I did not even talk about whether markets are either completely random or not at all random. I stated that markets are most of the times following a highly random path and very few times are markets inefficient.
You are conflating the "mechanics" and descriptors of trading with the ability to trade at a level to be consistently profitable.
No one complaining about trading being hard is talking about the "rules" or trading nomenclature. That should be obvious so to make a claim that trading is "easy" when statistics point out to a very low rate of trader success borders on the absurd. Trading difficulty is typically referenced on the ability to consistently make a profit, not on being familiar with the mechanics or terms. When someone says trading is "hard", we assume they are not making money, not that they don't know how to use a brokerage account.
These are the OP's words:
1) There's no profitable system
2) You will not be able to make money
3) You can't be consistently profitable
If you for some reason attribute what he said with an ESL issue, that's your choice. I chose to respond according to his actual statements without assuming they needed interpretation. They appear pretty direct and clear to me.
Lastly, if anyone truly believes the market is random, then they shouldn't be trading since a random market makes it impossible for price forecasting and patterns can't be expected to exist. I'd hate to try to be profitable by only trying to find market inefficiencies in the age of trading supercomputers and algorithms able to operate at speeds well beyond human capability.
very low rate of trader success borders on the absurd.
that is true of every type of business whether it is airlines or hotels or petrochemicals....or anything else
if they believe it is truly random, they should be trading because in a truly random situation, you will not lose money in the long run.Lastly, if anyone truly believes the market is random,
that is what dead trader, and maybe you also, are not understanding:if you want to understand see post no 132 in this thread
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The entire point of the thread is on mechanics. The premise that some sales people claim they can "teach" someone, regardless of mental capacity, how to be profitable is absurd. This fact and the false promise of seemingly "easy money" that lures gullible people of low intellect is what produces the low percentage of profitable traders. Anyone who attaches more complexity to this picture is reading tea leaves. Trading is not hard nor difficult to any astute student of high mental capacity, with an understanding there there is no perfection in outcome, and the ability to admit being wrong at times. Trading is about the ability to price the market at fair value and place trades in times of inefficient pricing. There is nothing complex nor difficult in that at all. What is difficult is the mental disconnect from feelings and emotions and that is almost impossible to teach. One has it or not. I guess it comes down to the old quest of whether trading can be taught or not. I claim it cannot.
I can only repeat, something should only be literally taken from someone who has the ability to word it correctly and when language is a major barrier then such assumption is wrong. Feel free to take him literally and bark up the tree if it makes you feel better. I think that you bark up the wrong tree.
I can only repeat, something should only be literally taken from someone who has the ability to word it correctly and when language is a major barrier then such assumption is wrong. Feel free to take him literally and bark up the tree if it makes you feel better. I think that you bark up the wrong tree.
You are conflating the "mechanics" and descriptors of trading with the ability to trade at a level to be consistently profitable.
No one complaining about trading being hard is talking about the "rules" or trading nomenclature. That should be obvious so to make a claim that trading is "easy" when statistics point out to a very low rate of trader success borders on the absurd. Trading difficulty is typically referenced on the ability to consistently make a profit, not on being familiar with the mechanics or terms. When someone says trading is "hard", we assume they are not making money, not that they don't know how to use a brokerage account.
These are the OP's words:
1) There's no profitable system
2) You will not be able to make money
3) You can't be consistently profitable
If you for some reason attribute what he said with an ESL issue, that's your choice. I chose to respond according to his actual statements without assuming they needed interpretation. They appear pretty direct and clear to me.
Lastly, if anyone truly believes the market is random, then they shouldn't be trading since a random market makes it impossible for price forecasting and patterns can't be expected to exist. I'd hate to try to be profitable by only trying to find market inefficiencies in the age of trading supercomputers and algorithms able to operate at speeds well beyond human capability.
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I guess it comes down to the old quest of whether trading can be taught or not. I claim it cannot.
William Eckhardt did lose that bet
I don't think so. This bet has been badly misinterpreted over time. Many erroneously deduced that anyone can be trained to become a profitable trader. In fact, and that was stated in the details of the bet and subsequent outcomes, the handful of guys that succeeded possessed the required mental profile. In fact the study showed that over time about the same percentage of people who attempt trading successfully failed as brokers report in their statistics. It only confirmed what was already known which is that trading can be taught to the handful of people who bring to the table what it takes. Certain things can be taught, others not. The things that were taught were very basic in nature.
William Eckhardt did lose that bet
you my friend just made a bad trade. what is your opinion and what is universally accepted are different, just like the market. no need to argue over silly thing such as this, I wish you well.
peace
peace