... another pointless day where I accomplish nothing.
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Disliked{quote} what about Forbes? where is your miracle trader? which position?Ignored
Disliked1) noone can predict market. There are honest lucky guys and many cheats who will try convince you otherwise 2) leverage will kill you. Avoid brokers that push you to use it. Never excceed x5 3) spread will kill you. Use a broker with the smallest spread 4) only trade in positive swap direction 5) dont use Stop Losses orders. 6) learn programming and implement your system as a robot/script. Test it on TICKS data (max minutes) 6.a) read real science articles about: statistical analysis, searching for signal in the noise, etc. Dont waste your time...Ignored
Disliked1) noone can predict market. There are honest lucky guys and many cheats who will try convince you otherwise 2) leverage will kill you. Avoid brokers that push you to use it. Never excceed x5 3) spread will kill you. Use a broker with the smallest spread 4) only trade in positive swap direction 5) dont use Stop Losses orders. 6) learn programming and implement your system as a robot/script. Test it on TICKS data (max minutes) 6.a) read real science articles about: statistical analysis, searching for signal in the noise, etc. Dont waste your time...Ignored
DislikedIt would appear that you have gone on this rant about forex because you have failed! .Ignored
Disliked{quote} Let's check with Excel Let's say he started in 1976 with 1000 USD and every year he made 200% (so minimum on your statement). Question how much does he have now? Year>>>>Capital 1976>>>>1,000 1977>>>>3,000 1978>>>>9,000 1979>>>>27,000 1980>>>>81,000 1981>>>>243,000 1982>>>>729,000 1983>>>>2,187,000 1984>>>>6,561,000 1985>>>>19,683,000 1986>>>>59,049,000 1987>>>>177,147,000 1988>>>>531,441,000 1989>>>>1,594,323,000 1990>>>>4,782,969,000 1991>>>>14,348,907,000 1992>>>>43,046,721,000 1993>>>>129,140,163,000 1994>>>>387,420,489,000 1995>>>>1,162,261,467,000...Ignored
Disliked{quote} Dear WhyDrawdown, assuming from your registration date - you are a new guy. If so then my post was for you. And in a bit of ironic way. If you stick long enough then you will see truth in it. But for now the only advise: always ask for at least 5 years monitored history on real account. And there must be many trades there, buy and sell. One more time: real account, long history, many trades - only in this can see the reality. It is possible to make 100% a day on FX. Leverage will make it happen. But probability to make it every day for 1...Ignored
Disliked{quote} you are majorly mistaken here. first of all trading for a bank and retail trading at home have nothing in common, at all. You cant even compare them nor would you ever even want to trade like a bank. They probably don't even make money from actual 'trades' ! A bank is merly a liquidity provider, they just hedge orders and print more money. They don't engage in speculative transactions for profit, or rarely-that make majority of money.Ignored
Disliked{quote} You are very smart. Much smarter than me. May I see your trading history? Or there are only many posts on forums and no proof?Ignored
Disliked{quote} Start making your own history and stop asking for others.Ignored
Disliked1) noone can predict market. There are honest lucky guys and many cheats who will try convince you otherwiseIgnored
QuoteDisliked2) leverage will kill you. Avoid brokers that push you to use it. Never excceed x5
QuoteDisliked3) spread will kill you. Use a broker with the smallest spread
QuoteDisliked4) only trade in positive swap direction
QuoteDisliked5) dont use Stop Losses orders.
QuoteDisliked6) learn programming and implement your system as a robot/script. Test it on TICKS data (max minutes)
6.a) read real science articles about: statistical analysis, searching for signal in the noise, etc. Dont waste your time on "indicators" and "levels"
QuoteDisliked7) set realistic goals. Stable 20% per YEAR is a HUGE Success. If you are get there - other investors will find you and give you the money that's enough