Why everyone thinks you can only lose in Forex?

  • Thread starter Thread starter Peblo
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padutrader said:
there can be no doubt that spot forex cannot be regulated and so the big boys can get away doing things which would get them in jail in an exchange.

that said if you understand this a smart small guy may take full advantage of these......and benefit hugely

trading is not only about technicals, since charts may be manufactured in the short term, if it is worth the while to do so and with so many following technicals blindly, it is definitely worth the while, to do that.
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THIS

IS

JUST

AMAZING...
 
padutrader said:
there can be no doubt that spot forex cannot be regulated and so the big boys can get away doing things which would get them in jail in an exchange.

that said if you understand this a smart small guy may take full advantage of these......and benefit hugely

trading is not only about technicals, since charts may be manufactured in the short term, if it is worth the while to do so and with so many following technicals blindly, it is definitely worth the while, to do that.
More...


There is barrier hunting in FX in which the owner of a touch will push the market when spot gets close to a barrier strike. Stop hunting. There are a million ways to get fucked in FX. Spot, futures, doesn't matter.
 
Which dealer does this?

Peblo said:
Wiring out is not a problem because my money is in a separate bank account in my name - so, all they can not wire out is the last day's profit. Their very unlikely bankruptcy will not even make me blink - the money is just in my possession (well, under the bank's custody, to be precise), at all times. Can you get such an arrangement in futures? I talked to several FCMs and none of them allows it.

FX vol in terms of ATR is much more stable than in equity indexes, for instance, where you can have 8 weeks of 20-point daily range and suddenly a 200-point day, and then another 4 weeks of small range. In EUR/USD the range is much less variable - it is 80-90 pips almost like clockwork, every single day. I think this is a huge hint.

People do well in futures - well, I wish FCMs published the same stats as European brokers where you can see that "75.98% of clients lost money trading CFDs with this provider". I wonder what the stats would be for futures?
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destriero said:
There is barrier hunting in FX in which the owner of a touch will push the market when spot gets close to a barrier strike. Stop hunting. There are a million ways to get fucked in FX. Spot, futures, doesn't matter.
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i am flattered that you reply to my post

but does that not happen in commodities and stocks? i am sincerely asking your view on this after being fucked in everything.

that is why i scalp and i am in for one bar at the most......i tarde 5 min gold..xauusd
 
padutrader said:
i fix my own problems......

and i do not think fx are the/a problem........it is my needs that are the issue.....and i do not want to hold a position beyond 5 min.
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"but does that not happen in commodities and stocks? i am sincerely asking your view on this after being fucked in everything."

Dear @padutrader,

I was simply trying to offer my personal view, based on 22 years of being a full-time professional trader (ALL I have ever done since graduating from college!). Holding FX positions for a maximum of FIVE minutes, expecting a winning scenario, is not realistic. It is not possible, consistently...

I do not believe "you can fix your own problems", otherwise you would not be venting out on ET.

That said, I think you have been involved in the markets for like 20-30 years? If that is correct, my only advice is to QUIT, and move on. There is nothing wrong with that. There is NO reason why you should subject yourself to this much pain & frustration...

SINCERELY, answering you...
 
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