Thread: Stop fooling yourself There is no system

And there is absolutely no one who knows the way to trade. If there was, W. Buffet would be his butler and Bill Gates his foot chair. 5% each month, which traders find to be laughable, make 1 trillion dollars from $50 in less than 40 decades. Unless you are a rat from a Federal reserve with insider's info, trading is glorified gambling. Are those who are blessed and quit early. Sorry.



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110086Yes FX trading, like any other trading, is gambling. Minimizing the risk is you become profitable. People who do well in this kind of trading are those who make trades together with the percentages in their favor and not become greedy.

97595

Originally Posted by ;

Yes FX trading, in the same way as any other trading, is betting. But, minimizing the risk is you become profitable. Are individuals who make trades and not become greedy.

Really. Looking back in ones trading record, if the trades are BIGGER than the winners you will NEVER get. I've a SET stop loss when I take commerce, but multiple, larger take profits to leave room for more gains after I am in. I'm up for the day if my transactions are 50 percent winners.

97595

Originally Posted by ;

Yes, indeed! It sounds worse than a lie. But today I am calm and deliberate in my preparation for a trade which I wait to get a setup. But I am following all the majors against usd and jpy simultaneously, so virtually every day, I get enough opportunities.

I've seen my collapse: it sounds that if I'd exchange against the major trend. That is not the case. The major trend is never dismissed.

Regards

That's ok but the 2008 picking bottoms and tops - no-loss component is something I propose to fix, for the album.

That is only in the event that you want....just attempting to help save you from humiliation, friend.

97595Forex itself is a energy method including the wide variety of energy, but also feelings and plogy of all its participants and not just technical system signifies flows corresponding to money motion in the world. This energy makes a magnet - it brings energy from people who touch it.

Despite its international character, the Forex market is very vulnerable and sensitive. It is influenced by events from the entire world indirectly. Statements of financiers and politicians, political and military battles, states of economy of nations, price fluctuations in different markets - these evoke changes of this situation in Forex. There are efforts to manipulate the Forex market.

This energy appears long before a price changes on the chart.
Open several (4-6) minute charts on different symbols well connected with the symbol you are likely to work with. Observe price movements, trying to ch the motion dynamics. So you're going to know the further motion of your symbol you will see , that mix of dynamics motion of some symbols predetermines the motion of symbols.

An individual can learn to feel the market and forecast it with no additional technical ways. Observe, trust yourself and be patient. Charts are symbols, but they help ch the energies that direct and form the market motion.

First, a person desires a back-up - some technical means such as indiors and oscillators. Of course they could provide help. And traders widely utilize them. But really feel the market intuitively. This really is the secrete of success. And you comprehend this, the sooner you attain this success. Oscillators and indiors are based on the moment. And what we want is the future. Thus, technical and fundamental analysis simply hinder our rapid movement .

The market is dynamic and it constantly changes through a day which is linked with the dominating market (Asian, European or American), with entering or leaving of large participants, with news releases and other explanations. Optimization is a process that is really long and it can't be conducted in real time. So optimization doesn't help much in correcting tools that reflect just the market's past.

With the growth of computer power and software development, together with in their own basis the principle of searching knowledge, self-organization and self-training calculations of forecasting, an increasing number of popularity in trading is going to be gained by efficient mechanical trading strategies. For traders that attempt to use trading systems constructed on the grounds of both indiors and oscillators it's going to be challenging remain and to compete in the market.

The system is only a tool and for its efficient performance it must be the continuation of your self. And the result can be acquired if this harmony is achieved.

This is just 1 approach to Forex forecasting.
I am certain that many of you can find your own way out.

97595I think the word in Currency Market trading, and used by most forums, is the word system. System implies an orderly engineered blueprint type layout similar to the computers we use and the electric system in our home and companies. And if something goes wrong 90 percent of us have to call a systems expert to fix the problem. I continously think egy like in checkers (my ability level), chess, bridge, ie brainy it-takes-some-thinking to be successful, a winner for those who will. Buffet Gates are global bridge masters. My .02 cents, thank you. p.

97595

Originally Posted by ;

And there is not any one that knows how to trade. If there was, W. Buffet would be his butler and Bill Gates his foot seat. 5% each month, which many traders find to be laughable, make 1 trillion dollars from $50 in less than 40 years. Unless you are a rat from a Federal reserve with insider's info, trading is glorified gaming more and no less. Only ones that win are those that stop early and are lucky. Sorry.

Facts.

1)Bill Gates won't even know what trading is. I guarantee you, he won't care.

Two ) W. buffet is anti-trading. His economic models are far away contrary of trading. He does some speculations but in a really controlled environment.

3)Traders trying to make a whole lotta cash with only a few dollars: There is a rookie section for that on this forum. I wonder, perhaps you will see some of them here. . Well, that's simple. Just look about any platform that has more than 1 indior for affirmation and you might come across those attempting to make something.

4) About the federal reserve insiders: That's impossible. Unless you've got a last name ending up in the next: Stanley Mitsubishi Rockefeller.

Trading is just a job that you do. It is not glamorous, not quite.

Trading for a living is just that, trying to make a livng. It is not not entretaining.

Trading gets you into a lot of fruion and deception, yet you have to carry on. Then you are lucky, if you can not take the heat. We're in time and a lot of mega-stores are currently employing.

Posting here at FF it's a lot more entretaining compared to trading.

System has to be based on price action.
Then and only then will it give you an edge.
You do not need much of an edge.
Then you will need very good M/M adhere to your rules.

ie. Chess brigde have rules. . You split them you lose
from the FX you want rules. . .the very good thing is that you get to place your own....
The great news is you get to place your own. . So they can be broken by you.
. . .if you do you're lossing the border or your machine has no edge.
Either way you will in short order drop.


cheers

teb

97595Hi, If you can or if you would like to Assist with your system or way of trading Thanks

97595ok. I think I will chime in here.

First, trading strategies do exist. You have to evaluate it carefully. The majority of those so called systems are crap. There are plenty on this forum alone.

Second, people don't recognize that you do not have to go for every single pip. The number of pips do not necessarily make you the most money. Lot dimensions do. Once you realize that you don't want 200 pips per trade.

Third, an extention of the next point; folks remain in too long. They had a profit, but because they did not get out, their position turned and they lost.

Fourth, spot Foreign Exchange trading is quick. Anything longer could be best served by playing currency options. This way you have the advantage of time.

That's it for now