Thread: Trading is like a 200mph car race, little mistake allowed

Originally Posted by ;

quote Depends on your advantage, but if your advantage is related with market construction is very hard that one entity can change that arrangement forever. Anyway I recommend you reading about statistics and probabilistic concept. Studing a series of transactions you can learn lots of things on your trading.

Obviously, you have not read my threads or understand where I learned.
My trading is derived from figures.

Originally Posted by ;

quote another idiot who fails to comprehend fundamental mathematics.

Can you stick to the argument, not make personal attacks?

Originally Posted by ;

quote I think that it will take a while for a few on this thread to understand what it is you are trying to say. It requires a while for a trader to become a successful trader versus a trader wins a few transactions. We're completely gambling. Some of us employ a type of probability. The majority of us do not consider it and we take transactions anywhere, all the time, without a cash management a position size that's usually too big. It's neat to watch some traders advancement however.

Yes.
To some the world is flat.

Originally Posted by ;

I believe trading is more like walking though a jungle at the Congo than simply driving a 200 mph car race. I have a compass and know the general direction I want to go, but it's impossible to see very much. And the snakes, sound of Uzi, blood curdaling shouts, heads on spikes and booby traps allow it to be a hazardous journey.

That has to be among the most interesting and vibrant descriptions of Forex trading I have ever read. Excellent analogy, even if it's a little gruesome.

Originally Posted by ;

quote That must be one of the most intriguing and vibrant descriptions of Forex trading that I have actually read. Good analogy, even if its a little gruesome.

It is like sitting at the rear seat of a car looking backward. The driver is your market, you as a participant won't know what's ahead since you are facing back rear window not permitted to see what the driving is visiting. When driver starts to turn, you may say, ok might be the curve will continue and kind of keep calling it, on and on. The higher time frame will probably be like that of a major truck moving slow compared to lower time frame which will be quicker.
All your indiors are beyond historical data, such as the road you see while looking back of the car back view of the road you are travelling.

I'm unsure as yet since Foreign Exchange trading market is a loion where one people is buying and many others are available in the same, the two parties think they're making right decision however those who made incorrect looses the money and this reduction is added since profits of other party. I really don't feel we are allowed to make mistakes because we have to cover each of our mistakes.

Does anybody know, exactly, what luck is?

The best poker players are best, because of luck?

Michael Jordan was blessed to score baskets, while most other gamers who score baskets, are simply unlucky?

Messi, Ronaldo and another popular soccer enthusiasts, score goals since they're blessed?

Who's the very blessed side in gambling? Could it be the home?

Who's the greatest winner in FX? Could it be the market makers?

Carrying the market makers side is luck?!?

Trading is like a 200mph car race, small mistake allowed

I am sure it seems this way for the guinea pig in the race.

Originally Posted by ;

I just want to mention that nigeriaforextrading has opened my eyes, and 10 decades later I can say after paying my dues, I've learnt how to trade and commerce well. Its like a fast 200 mph car race in daytona - metaphorically speaking. No error permitted when you car race daytona , right? Same thing here. The mistake should be a controlled error, a mistake that you should understand and get out of and remember. Its not luck at all I am all technical trader. Not a gray haired fundi follower of fake news. Lol Trump hopefully will...

All wins are fortune.
Why?
Other people must go the market in your favor in order for you to win.
The main reason you enter a trade ( technical, fundamental, coin toss, tea leaves, etc.. .) Has nothing to do with what happens when you enter a trade.
It's around the other traders.
That you do not need to believe me.
Maybe you have heard of Mark Douglas.
Cheers!