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Do full-time forex traders exist or is it just make believe?
- Thread starter zbojnik
- Start date
Quote from pikachu9:
Dangerous way to think.
Its the correct way to think. A major floating currency pair is range trade over the long run. This provides a framework. Now, you can expand on that and attempt to predict direction based on the economic calendar as I do. If I get it wrong more often than not I have found based on paper trading that I can wait it out and it will eventually go in my favor or break even. If I get it right, I earn substantially.
Look Oldtime, I think you should stop wasting time on me. I'm sorry you're losing money right now. I'm sorry that I am earning money right now with such a simplistic strategy. I'm sorry that deep down this is actually making you jealous that all your great thought is getting you nothing while I keep it very simple and win.
ok, you win, now what is it I should start doing if I want to make money like you? My hopes are to someday become a fulltime forex trader.Quote from SimpleTrades:
Its the correct way to think. A major floating currency pair is range trade over the long run. This provides a framework. Now, you can expand on that and attempt to predict direction based on the economic calendar as I do. If I get it wrong more often than not I have found based on paper trading that I can wait it out and it will eventually go in my favor or break even. If I get it right, I earn substantially.
Look Oldtime, I think you should stop wasting time on me. I'm sorry you're losing money right now. I'm sorry that I am earning money right now with such a simplistic strategy. I'm sorry that deep down this is actually making you jealous that all your great thought is getting you nothing while I keep it very simple and win.
Quote from cornix:
You should do some calculations though if it's optimal usage of capital. May happen that taking some losses being cut short and riding winners, all on higher leverage eventually produces fatter bottom line.
You're right. This is better, but only if you have the time available to watch your trade carefully. Remember that not only do you stand to gain more, but you also stand to lose a lot more.
at one time I was so good I knew where to place a stop, and as if that wasn't enough, I also knew where to take a profitQuote from oldtime:
well, it certainly isn't bracket trading. I'm not that good anymore. Was once when I was young, but not anymore now that I am old.
I was good I tell ya
I could hit it on both sides
Quote from oldtime:
well, it certainly isn't bracket trading. I'm not that good anymore. Was once when I was young, but not anymore now that I am old.
Actually, I just looked up definition of Bracket trading, and no, that is not what I am doing.
I give up on this "discussion". I have more important things to deal with in my life.
Good luck Oldtime, and if you are too old, maybe its time to quit before you lose all of your money.
"know when to hold 'em .... fold 'em .... walk away ...."
thanks for the words of wisdomQuote from SimpleTrades:
Actually, I just looked up definition of Bracket trading, and no, that is not what I am doing.
I give up on this "discussion". I have more important things to deal with in my life.
Good luck Oldtime, and if you are too old, maybe its time to quit before you lose all of your money.
"know when to hold 'em .... fold 'em .... walk away ...."
I'm not that good of a poker player
if it's not too much trouble, I am very good at folding, but how do I know when to "hold em"?
Quote from oldtime:
thanks for the words of wisdom
I'm not that good of a poker player
if it's not too much trouble, I am very good at folding, but how do I know when to "hold em"?
http://www.google.ca/search?hl=en&g...%2F2012%2F05%2Fretirement-planning%2F;480;480