Thread: What Is An quotEdgequot IN Trading?

An advantage is method or a system that gives you a positive expectancy.

An advantage is a sharp side.

Thanks for sharing your thoughts. To me, there is just a lot of
distinct interpretations of exactly what an Edge can be. My main reason for
beginning this thread was to find other peoples feedback in hopes of being able
to learn what my trading advantage is, then applying it to my trading plan. . I can see that I will have to tweak my plan tonight and really sit down and specify exactly what my advantage will be... I suppose im perplexing my trading plan as my advantage and my advantage as my trading plan. Perhaps they're one in the

Thank you for all your thoughts...

Non Bold below posted by Mparker:

in full agreement with maheswara, although I dont think about it as an edge since trading is exactly what I do for a living, I locate EXPERIENCE and the ability to comprehend what the market is doing at this moment in time to be ALL that's required to maintain a nice expansion amount.

The frequent plogy behind the term advantage resembles the feelings that this is a zero sum game or even the silliness surrounding those who read the art of war.

Are you saying your opinion is that Forex isn't infact Zero amount?
Should you beleive It isn't Zero-sum then you are saying that more money can be reached from trading than is lost(or even v.v.), as a whole.

NONE of this really is a struggle between some hidden them and yourself -- if you trade with a broker, for the length of your trade the broker is taking on the other side of your trade and if you succeed in winning your trade, the broker will find that back later by shorting a trade which puts the money right back in their pockets -- THAT and the spread is what keeps them in business and YOU are not fighting ANYONE!

Do you have any proof that retail brokers take insecure possitions? Wouldnt that defeat the object of Being a broker, near risk free profits.

EXPERIENCE is what puts you AHEAD, as it will in almost any area that exists, but EXPERIENCE only permits you to KNOW WHAT TO DO, and thats the most important thing.

Most new traders LOSE because theyre unaware of the best way to REALLY TRADE, therefore everyone is looking for that advantage as they do to the holy grail and one of these exist!

Yesterday I was interviewing new traders for my company, and therefore I had to preset the days trading that's generally my part -- from the time I shut down the workstation, after being away from it for a few minutes involving interview, I'd gained almost 700 pips -- this is NOT to brag, as 700 pips is no record, BUT it's to point out without even being in the pc, ANYONE with experience can do this!

I don't have any advantage, but do have experience and understanding about where prices are going and whats going on in the market, though my relationship is a cable and not personally being there, and ANYONE can learn, using just a bit of study and time, the way to do this easily and efficiently!

EDGE is a hope and a prayer for those who don't have the EXPERIENCE yet -- as playing war has nothing to do with trading.

Its SIMPLY an issue of Wisdom and the applied use of this knowledge as pertains to this subject of trading.

I manage a thread over from the beginner section, that teaches the way to accumulate 350 pips per day which I shall grant isn't heard every day, but we have newbs there today coming up with over 150 pips each day, and theyre still studying, and NON are searching for an EDGE!

For you to be teaching people how to exchange, you have to be suplying all trading info, in which to enter, in which to TP and furthermore how to place a SL. If you are not teaching others exactly the way you turn a profit involving all of the above variables, then that's an incomplete method and nobody knows If each individual will likely be profitable.

Enjoy and trade nicely

mp

I would have commented on your announcements regarding an'Edge' but It would have been rather pointless, we are wandering in to opinion territory there and nothing could be proven either way.

Take note, this isn't an attack, only two questions and a statement. I have no intention of turning in to some shit slinging.

Originally Posted by ;

Thanks for sharing all of your ideas. To me, there is simply so many
distinct interpretations of what an Edge can be. My main motive for
beginning this thread was supposed to get other peoples feedback in hopes of being able
to find out what my trading edge would be, then applying it to my trading plan. . I can see that I will need to tweak my strategy and actually sit down and define what my edge would be... I guess im perplexing my trading strategy as my edge and my edge as my trading plan. Maybe they are one in the exact same???

Thanks for all of your ideas...

IMO...

You want to locate an edge first, then build a trading strategy around itwont work any other way.

Nicely well
to have an edge in this business isn't to know how to beat the market but instead to know how to stay in the game and for that you just need two items:
1- know how to read the chart
2- control your anxiety and jealousy
Edge= Read Chart - (Fear Greed)

Sucess isn't an occasion. It is a procedure.

Originally Posted by ;

Are you saying your opinion is that Forex is not infact Zero amount?
If you beleive It is not Zero-sum then you are saying that more money can be reached from trading than is lost(or v.v.), as a whole.

Hey leon -- nice to see ya

that I FIRMLY believe that zero amount is the deep concealed desire behind someones attitude that will NOTHING else in the world to the common good, except possibly pay taxes, and we understand they will attempt to hide as much of that as possible. -- my thoughts are under, so no need to go into them again, but to me its simply a silly game played with real cash, much more akin to 3 dimensional chess compared to any warfare or beating someone else flaws!

For you to be teaching people how to exchange, you need to be suplying all trading info, where to enter, where to TP and more importantly how to put a SL. If you are not teaching others precisely how you turn a profit including all the aforementioned variables, then that is an incomplete method and nobody knows If each person will likely be profitable.

It is fully understood that I can't anticipate each and each of those 44K audiences to go forth and make fortunes in the FX market in the next two days, but I have every reason to feel that I may just help change the drop out rate to under its generally approved 95%, in the event the peeps pay attention, test the fundamentals of what I teach completely until they know FULLY and then go forth with CONFIDENCE and KNOWLEDGE.

That I DO instruct the best way to enter, where to place your tp's and let other people to advise on sl's as I have NO IDEA of how to utilize themexcept NOT to use them by the very definition of what you believe TEACHING, I've attained each and every definition, have I never?


I would have commented on your statements regarding the'Edge' but it'd have been somewhat pointless, we're drifting in to opinion territory there and nothing else could be proven either way.

I agree -- there's more than one way to groom your mistress, and that I only have my own way!

Please note, this is not an attack, only two questions and a statement. I have no intention of this turning in to a shit slinging.

Heck, I wouldnt even think of slinging popcorn -- has nowhere!

Enjoy and trade well

mp

Originally Posted by ;

enjoy and trade nicely

mp

Lol, fingers crossed you wrote the post in Word first.

Leon

Once again my friends, youre all nibbling AROUND the base of the issue

all the things you say rely entirely on EXPERIENCE and without that, the understanding that you want to find this imaginary edge only doesnt exist

tell the newb anything, but minus time spent in trading, none of it makes or registers sense -- every day a newb learns more, and day by day they realize just how much they DIDNT KNOW -- and telling them how to do so or that is useless UNTIL they KNOW what this and which are!

Give yourselves a while and see just how much more you understand then instead of NOW, and youll begin to comprehend!

mp

Ive found I can save it and then delete the first and glue and it works good, however it IS having the page available for too long that creates the problem on quoted text, so thnx for the info

mp

Originally Posted by ;

Lol, fingers crossed you wrote the post in Word .

Leon