The Most Common Forex Myths

[Kevin Schmit]

There's only one capable fx trader on this site

Electric Savant?

 

[DepthTrade]

Ah, the significant spouse to the rescue. How romantic.

 

[helpme_please]

Sorry to hear you gave up. Most quit, so you're not alone.
There's only one capable fx trader on this site, shouldn't be too hard to find.

Would you mind revealing who is that guru fx trader? I would like to read his posts and learn from his wisdom.

 

[iccenuol]

#3 – Demo trading prepares me for live trading

Demo accounts are great for getting to know how the trading platform works, learning basic trading concepts as well as testing a trading system. I do not recommend staying on demo accounts too long. It’s better to practice for a while and go to real trading. Cause there are no emotions when you trade with virtual money. And it is one of the main obstacles of the trader. The trader does not feel a real risk of losing real money.

Hi Robian. I'm not sure a losing strategy can become profitable by switching it over to a live status?

 

[MKTrader]

Not a problem, show me verifiable proof that you have enough funds to make you worth my time. Other than that, you won't make a dime off FX.
You have to go through me, you have zero leverage here.

Wait, you're a random anonymous person at ET with no known site or service and you have "leverage"? LOL. What you hiding? Post your results on a CTA site (if you are one), or on MYFXBook (or whatever it's called...been a while since I checked on any FX traders), Collective2, etc. I'm not a prospective customer so I'm not asking for that reason.

 

[Overnight]

Not a problem, show me verifiable proof that you have enough funds to make you worth my time. Other than that, you won't make a dime off FX.
You have to go through me, you have zero leverage here.

Hmm, the "sloughing" phase of a thread. Interesting to watch.

 

[DepthTrade]

Wait, you're a random anonymous person at ET with no known site or service and you have "leverage"? LOL. What you hiding? Post your results on a CTA site (if you are one), or on MYFXBook (or whatever it's called...been a while since I checked on any FX traders), Collective2, etc. I'm not a prospective customer so I'm not asking for that reason.

Neither one of those options is viable, FX book doesn't accept us clients and Collective2 you can only charge a dollar amount so it's the same if your client is trading $1,000 or $500,000.

 

[DepthTrade]

Second, my profile is way more in depth than yours, so that makes you the anonymous person.
Third, you by admission are a failed currency trader on a forex thread arguing with one who has skills dwarfing your own, so yeah I have the leverage.

 

[MKTrader]

Second, my profile is way more in depth than yours, so that makes you the anonymous person.
Third, you by admission are a failed currency trader on a forex thread arguing with one who has skills dwarfing your own, so yeah I have the leverage.

Your "skills" are completely unproven. According to the excellent book Pitch Anything, I'm the alpha here because I have nothing to lose and have set the frame. In other words, I hold the leverage. You're an alleged fund manager with something to prove. However, you come across as very insecure, especially how you reply to every comment within a few minutes.

For the record, I was profitable overall in my last few years of FX, but found there are better, more stable, less time-consuming ways to make money--in and out of the financial markets. My guess is the shelf-life of the systems/methods you're using are much shorter than you anticipate.

 

[DepthTrade]

Lol, liar. You said earlier you broke even, now you're saying you were profitable? ??