that is the case with all first generation businesses..........99% of all startups fail within a year
Is Forex market an illusion ? How to adapt to it ?
- Thread starter Baccarda
- Start date
So that's fine to call that The Padman Special?
By the way, are you still using the 20ma or moved away from that?
the most important thing for a trader is to listen and take feed back from market.
the forex market like all markets makes sense to those who understand it.....
.but yes it does take time and time eventually kills ..........
it took me 14 years and not many can lose money for that long.........
theer were some breaks in between when i did not have money to trade but i kept coming back because it the only business which yo do not need anyone else ...
it is all up to you........
and which business can you start with 100-1000 usd?.......even a poor man can dream and put in the effort to succeed
Brilliant strategy.
So you just trade willy-nilly, and throw caution to the wind. No capital preservation, no risk management. Yep, you will become the greatest trader the world has ever seen. Eventually you will tire of blowing your sim accounts, and start blowing up live accounts, with real money. As soon as you get out of the call centers where you scam Americans into thinking you are the IRS and Americans owe you money, enter your CC# please.
moved away...no ema on my chart and moved totally away from Brooks
casino gambling is easier than trading........in a casino the rules of the game stays the same.
in trading it changes all the time. this is the wild west there are no rules
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there is only ignorance ...no risk
This is one benefit forex, we can start with little bucks in the account, there are broker offers various minimum deposit even $10 we can start trading, here trader has a dream, expectation, and challenge.
As long as you take flat price risk, all of your strategies are priced out. That's what the guy who is the other side of your trade cares about. As long as you are directional, you are priced out. All you do is retrofit a combination of indicators for a given historical period and then magically assume that this same combination would work in the future. Why would you think that ??
Ever read that disclaimer: "past performance may not be indicative of future results." ?
Why would you ignore that simple truth ?
The simple answer is, you can't afford to trade fx.
There are suppliers and there are demanders. You (and pretty much everyone else here) are demanders. You demand to buy (or sell) a product and it is being supplied to you, with a markup. The trick is, that mark up isn't the spread you think it is. Why do you think the spreads are so low ?? Why do you think the commissions are low to zero ??
As i said, you are priced out. The other side of your trade doesn't have stops, you do. Why would you ever think your stop won't get hit ? Dude, with your stop, you are telling the market you are willing to sell lower and buy higher, so again, why would you think, your stops won't get hit ?
If in the real world you would shout the market that you'd sell a brand new latest iphone for 500 and buy a brand new iphone for 2000, would you also think that you don't get a trade ? I think not
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no it's not, It has the lowest imp volatility on avg compared to any other asset class.
A nice little theory that has pretty much zero value in trading. It's good tho for ur own piece of mind because knowing all that makes us think we are smarter.
it's great that people still believe it works.
But whenever i ask: "...so what's ur sharpe ?..."
...ups.