How Forex Trading Can Make you Rich?

[Xela]

English is not his first language, and he is making great efforts to post in English.

He is ... but he also doesn't listen. In thread after thread after thread, people have been explaining to him that he's talking BS and has no idea what he's talking about, and he just ignores everyone completely and keeps repeating the same total nonsense all over again and all over the forum.

To be fair to 4PipsSake, it does get pretty waring ... and given that BS attracts BS (the "Law of Attraction", or something?) it's dreadfully bad for the forum.

If uncorrected for long enough, it even becomes self-perpetuating because it actively drives away the more serious and helpful members, thus further increasing the BS concentration.

So I know which "side" my sympathies are with.

(And that has absolutely nothing to do with his English, which I also learned as a foreigner.)

May be he is just trying to find ways to become profitable

I don't doubt it. But equally clearly he's never going to manage it, if he doesn't stop relentlessly spouting ludicrous nonsense, and instead start listening to people who could actually help him.

 

[4pipsSake]

Please do give the poster some "breathing" room.
English is not his first language, and he is making great efforts to post in English.
How many foreign languages do yourself speak?
Second, there is nothing wrong with him talking about things he is understanding, even if these can seem trivial to some. May be he is just trying to find ways to become profitable: each person their own methods and their own ways.

I actually speak 3 foreign languages. I just wish he stopped repeating the same stuff. If its a language issue., i apologise.

 

[Money Trust]

Price may act the same, but the manipulation of price isn't. FX has some of the worst price manipulation in the market. If you have traded FX for a number of yrs you should be aware of this. No central exchange, meaning no place for the market to conduct a fair auction on price.

You can't hide the signs of buying and selling pressure as they appear on a chart. Heck, the whole point of reading charts is to detect so-called "manipulation" and to benefit from it. I'm having a hard time understanding what it is that you and the other guy don't get.

 

[Money Trust]

If this was true, you could code a trading methodology that works exactly the same in every market. Even the discretionary traders who are actually successful admit that no two markets are the same, they have similarities but also quirks and often big differences.
Since you're talking about price action, you don't have evidence either.

Again, I never said that all markets are identical or the same, so quit the strawman bullshit. What I said was that price action (the imbalance of supply and demand) is the same in every market. I'm done talking about it. You can keep trying to be right while I make money trading with this info.

 

[4pipsSake]

You can't hide the signs of buying and selling pressure as they appear on a chart. Heck, the whole point of reading charts is to detect so-called "manipulation" and to benefit from it. I'm having a hard time understanding what it is that you and the other guy don't get.

Why don't you explain to us how you can find market manipulation from a just a chart? And make money from it.

 

[victorycountry]

Guys, please don't fight.
Merely believing that price action will work without proof isn't really good.
Why don't you guys carry out some good research using high frequency data? without any real meaning research, you guys are not going anywhere and just staying being politicians.
I used to think Swiss franc, Yen have different characteristics to other major currencies.
I don't care now. I trade all different sort of currencies - cross, exotic, energy, metal, etc but only highly liquid ones and those that are going through dominant trends. Speculation isn't really hard after all but once you do some meaningful research at either Masters or PhD level.

 

[4pipsSake]

Guys, please don't fight.
Merely believing that price action will work without proof isn't really good.
Why don't you guys carry out some good research using high frequency data? without any real meaning research, you guys are not going anywhere and just staying being politicians.
I used to think Swiss franc, Yen have different characteristics to other major currencies.
I don't care now. I trade all different sort of currencies - cross, exotic, energy, metal, etc but only highly liquid ones and those that are going through dominant trends. Speculation isn't really hard after all but once you do some meaningful research at either Masters or PhD level.

"Why don't you guys carry out some good research using high frequency data? without any real meaning research, " I do this daily, that's why i know the answer to the question. The point of my questions is not to create arguments or portray one is better than the other. Rather get people to back up their claims with factual evidence. Without it those comments do more damage to aspiring traders. No wonder so many traders struggle amongst all this innuendo.

 

[d08]

Again, I never said that all markets are identical or the same, so quit the strawman bullshit. What I said was that price action (the imbalance of supply and demand) is the same in every market. I'm done talking about it. You can keep trying to be right while I make money trading with this info.

You didn't really say anything. It might make sense in your head but if you can't describe what you mean then what are we talking about? Maybe you meant to say that "price goes up and down in all markets". I agree with that but what's the point in saying the obvious?

 

[lawrence-lugar]

You didn't really say anything.
I agree with that but what's the point in saying the obvious?

There can be alot of truth and lessons in stating simple, obvious stuff. -- The trader/student should make the most of it...in however they may interpret it

Trading is not only linear, black and white. -- ...Trading is also kind of like art, or having the eye and passion for it. and understanding it.

 

[radex78]

Why is it when I read your posts they read as if a child has written them. Your comments are basic and holy without any substance. You keep repeating the same mantra.

Thankyou for your advice, yes my knowledge is small portion if compared with yours, maybe you already as expert and having better knowledge and opinion, but I am only trying to write what that appear in my minds although less useful, might we all waiting you share best system to making rich through forex and if you will I am sure will very useful to others