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Thread: Trading forex profitable is impossible!

  1. #31
    Quote Originally Posted by ;
    good luck on your trip.... I've traveled long and far on mine....

    My only advice: watch who you hear.
    Hi Tidion,

    I wish you luck as well. I've been at this game longer than youpersonally, and my advice is watch WHAT you hear. The message is more important than the messenger.

    I understand that a place like this is full of bad advice from individuals that have nothing of worth to share, but every trader can consider that information against their own expertise and research to see if it useful to them. In the end we're accountable for own decisions and activities.

  2. #32
    Quote Originally Posted by ;
    good luck on your trip.... I've traveled long and far on mine....

    My only advice: watch who you listen to.
    Good advice; although perhaps not quite beneficial in case you can not tell who to trust. I would not suggest listening to anyone on here. If you would like information about brokers or programming, then fine but if you would like to loe and edge, Do Your Own Research.

    By the way, my research indies that the FX market is fractal which suggests that short timeframes and lengthy timeframes are roughly equally predictable with intraday being a bit more predictable due to the daily quantity cycle. However, as I said, don't take my word for this DYOR.

  3. #33
    Quote Originally Posted by ;
    Some of the best traders (W.D Gann) took 10 years to master his craft, and he did it w/o the use of computers. You should expect to spend a lot of time mastering this.

    Everyone can trade profitably, you just have to immerse yourself into the world of trading....read, read , read, newspaper trade/demo trade until your profitable for 1 year. THEN, start with a small account. If you blow out your account, repeat the demo trading till you recognize why you pulled out, then begin again.


    One other thing, keep your expectations reasonable. Forget buying at the intense low/selling at the top. It is not required for profitable trading. Money Management is the secret.
    --Gann died broke--

    Thankyou for taking the time to watch this news bullitin.

    Leon

  4. #34
    Great video, I liked it a lot. Thank you for sharing
    And sorry for my english.

  5. #35
    On the long term, risk management is most likely the sole key to retaining profit or minimizing reduction.

  6. #36
    I dont think so in my point of view trading Forex is profitable only for u if u follow strictly currency management.

  7. #37
    Quote Originally Posted by ;
    I'm trading because a couple of decades now. I really do around 5 to 10 transactions a day or ... that complaining on forums. If a project could kill you, begin trading.
    Â
    Truly nice advice and sensible stuff.
    Â
    You and few men before just nailed it. Knowledge, patience and brains. Some MM help.
    Â
    Quote Originally Posted by ;
    Some of the greatest traders (W.D Gann) took 10 years to learn his craft, and he did it w/o the usage of computers. You should expect to spend a lot of time mastering this. Anyone can trade profitably, you only have to immerse yourself into the world of trading....read, browse , read, newspaper trade/demo trade until your profitable for 1 year. THEN, begin with a small account. If you blow out your account, repeat the demo trading until you understand why you blew out, then start out again. One other thing, keep your expectations reasonable. Forget ...
    Â
    I enjoy this. Ten years
    Â
    My information here - Truth is people learn by example or really digging into market mechanisms. Reading forums in this way, drawing stations, reading news. THAT'S THE IMPORTANT. Always ask WHY.
    Â
    If you browse bunch of novels by failed traders - what's that? I've read less than two books, but a lot of nice examples like novels. That didn't stop me from blowing off 4 accounts. Too much risk, too much ignorance and laziness.
    As to novels and humorous egies - sure they are plenty.... An individual may try them. My email averaged 1500 provides each year, giving signals, instruction etc.. Imagine if I used all these tools. I really could make 15000 pips a day
    Â
    I traded 15 minute charts, daily etc.. Finally I found my power in 4H chart. I enjoy it. I make cash. I read the news every time. I think. So that's what market comprehension is all about. People need patience and comfy interval.
    Â
    Green pips all.

  8. #38
    Quote Originally Posted by ;
    quote Really nice advice and sensible stuff. You and few guys before just nailed it. Knowledge, brains and patience. Some MM help too.
    Hell yes, of course. Getting your SL too tight turns even the greatest egy/technique into gaming. Always chose your SL in accore with the volatility and change your value-per-pip/position size if needed. Just saying I can afford to lose $500 per transaction so that will be my SL may work but figures are not really on your favour.
    I totally forgot to mention that I'm not focused on a single commerce, my SL also reveals a number of pips that are simple to get back - that is of course the luxury of short term with common sized movements. It means that if I shed a transaction, I don't actually need to get angry about that - another opportunity to acquire the lost amount back will usually present itself within an hour.

  9. #39
    Quote Originally Posted by ;
    quoteanother chance to get the lost amount back will usually pose itself within one hour.
    So true!
    Also brief term does require much less analysis.

    I'm constantly all if a chance presents itself, dependent on Money direction of course.

    Makes no difference to me if my goal is 4 or 400 pips

  10. #40
    No I really don't turn a coin, and you obviously did not read my tag line that by the way is in BOLD TYPE

    and as with any method there are intervals of drawdown...

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