Forex In The Modern World

[LoganSilver]

i could not find the amount to be paid to join.......or sign up........what is it

Hi!

You can sign up at our website at 9am EST, due to an overwhelming demand we had to limit accounts per day to 100. We did this so we can still keep our exceptional customer service experience intact for all of our members.

Our pricing for our Flex Model differs for account size and program.

The Challenge Model is $155 for the 25K, and $610 for the 100K.

You can sign up here, www.fundingtalent.com

 

[LoganSilver]

price action is a most usable professional trading strategy in Forex trading, to be experienced about this trading approach is a long time approach, so newcomers always give up from this approach.

I completely agree. Price action is what separates the professionals from the inexperienced, inconsistent trader. Price Action is a broad term, I refer to it as Market Context when people ask for what Price Action really means.

Having an understanding of Market Context, is usable in discretionary and mechanical systems alike and you do learn a good bit about Market Context just from experience and training your eye, but of course there are techniques you can use to analyze them if you are newer.

 

[LoganSilver]

What are you selling?

I agree with your post, I traded cash fx for over 10 years now, close to 600mln usd notional equivalent per month. The only reason I see why fx got such bad press is because it's unregulated and hence there are tons of shady brokers out there. Successful fx traders for me are the absolute top predators in animal kingdom. No other asset class requires being so on top of events, economic data releases, news... It requires a keen understanding of macro economic theory, interest rates and fixed income markets and commodity markets in general, up to date knowledge of other large market participants, knowledge of soft exotics that do at times impact cash fx

Sometimes one must be around the desk for 12-16 hours and even get up at night. Show me some stock punters that need to put in this much effort. To me it's one of the most complex asset classes because quite a number of additional variables impact currencies. The reason so many who attempted to make money in fx fail is because they think following a little price action is all there is to it.

But cash fx in my book is also the most rewarding because the risk of insider trading and manipulation is absolutely minimal, it trades round the clock with mostly deep liquidity, hence one can get in and out at an instance. Add to that the tightest avg spreads of any asset class and you have an incredible instrument that really puts the reason for failure squarely into the camp of the trader.

I love this response, thank you for sharing your time and experience with us.
I completely agree, it is unfortunate that the Professional FX community gets a bad reputation. As you said that comes from the shady, unregulated brokers and the barrier to entry in terms of really getting educated and learning to trade the correct way. We also see alot of social media "gurus" that are absolute frauds that scam so many people, it is really quite sad. I was speaking to a trader that works at a prop firm in London the other day and he told me that if you said you're an FX Trader, you genuinely get laughed at. If you do not mention you work for a firm in England you are seen as a joke due to the scams out there - I suppose they are more rampant in the UK.

Whats your thoughts on mechanical trading systems?

 

[LoganSilver]

What are you selling?

I agree with your post, I traded cash fx for over 10 years now, close to 600mln usd notional equivalent per month. The only reason I see why fx got such bad press is because it's unregulated and hence there are tons of shady brokers out there. Successful fx traders for me are the absolute top predators in animal kingdom. No other asset class requires being so on top of events, economic data releases, news... It requires a keen understanding of macro economic theory, interest rates and fixed income markets and commodity markets in general, up to date knowledge of other large market participants, knowledge of soft exotics that do at times impact cash fx

Sometimes one must be around the desk for 12-16 hours and even get up at night. Show me some stock punters that need to put in this much effort. To me it's one of the most complex asset classes because quite a number of additional variables impact currencies. The reason so many who attempted to make money in fx fail is because they think following a little price action is all there is to it.

But cash fx in my book is also the most rewarding because the risk of insider trading and manipulation is absolutely minimal, it trades round the clock with mostly deep liquidity, hence one can get in and out at an instance. Add to that the tightest avg spreads of any asset class and you have an incredible instrument that really puts the reason for failure squarely into the camp of the trader.

I forgot to answer your first question, in terms of what we sell - we offer liquidity/capital to newer or experienced traders if they prove their skills. We offer up to 300K in funding across our programs with favorable profit splits up to 90%.

 

[padutrader]

Whats your thoughts on mechanical trading systems?

markets are far from mechanical.

do you think they work in LAS VEGAS?

and gambling is easier than trading: there, at least, you know when you are wrong; when the house takes your money.

markets never take your money: even when you are down 70% on your account, does that mean you are wrong?

you never know when you are wrong in markets

the markets can recover from there .....

 

[padutrader]

it is unfortunate that the Professional FX community gets a bad reputation.

police, politicians, beaurocrats, lawyers, doctors, plumbers ,electricians sales men, and everyone else has got a bad reputation.......

 

[padutrader]

We also see alot of social media "gurus" that are absolute frauds that scam so many people, it is really quite sad.

so you are happy to see Trump do his stuff.....

 

[LoganSilver]

markets are far from mechanical.

do you think they work in LAS VEGAS?

and gambling is easier than trading: there, at least, you know when you are wrong; when the house takes your money.

markets never take your money: even when you are down 70% on your account, does that mean you are wrong?

you never know when you are wrong in markets

the markets can recover from there .....

This is correct, I meant mechanical-based trading systems. Of course the market itself is not inherently mecahnical.

 

[padutrader]

This is correct, I meant mechanical-based trading systems. Of course the market itself is not inherently mecahnical.

good one

i mean that is entirely an unemotional reply..

rare.

i think markets are essentially a double bluff....it has to fool both sides...bull and bear.

i can write a book about markets but not show how to make money from it

 

[padutrader]

actually i have spent 30 years trying to trade discretionary...

if you want to know about discretionary systems contact me!!!!

note:no success.

oh sorry

HAPPY EASTER.

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