Probably? Not being funny but how did you arrive at that conclusion? The guy says he's been studying and trading 60+ hours a week (!!!) for the last year, and after several months of great performance he's had 3 months of "just terrible performance" ...

Giving Up

Sorry to burst your bubble but the harsh reality is that the statistical probability of failure is extremely high, you can't argue with that fact. As to whether you should give up, who can say, ask yourself what you have that makes you any different ...

Giving Up

Seriously, is that what you think I was saying? Of course people can accomplish things but not everyone can come even close to being a Michael Jordan or a Michael Jackson, no matter how hard they work at it and refuse to quit, thousands have tried! ...

Giving Up

Sorry, I don't agree. Having a plan and the drive and determination to succeed will not automatically produce success, some jobs require skill and aptitude, not everyone is cut out to be a trader and some people are simply unable to adapt no matter ...

Giving Up

Thanks for that, I found it. I bet there's a lot of brokers trying to get their heads around this, lol, I don't know how they've managed to make such a mess of the whole thing

NFA - "No more Limit or Stop Loss orders"

Wow is right, what are you getting all riled up about? Looks like it's the brokers who misunderstood the meaning of FIFO and decided to apply their own interpretation, IBFX even went as far as banning the placing of long and short pending orders on ...

NFA - "No more Limit or Stop Loss orders"

Well lots of people put in the time and effort but they still don't succeed, no matter how much they want to. Where would you draw the line and admit defeat?

Giving Up

Nice find, do you have a link to that document please?

NFA - "No more Limit or Stop Loss orders"

Are you saying as long as you never give up you're not defeated??? Soldier on regardless, that's one heck of a philosophy! As a novice trader, what would it take for you to admit defeat? A few losses? A few months of losses? Bankruptcy? Destitution? ...

Giving Up

Chicken and egg! People usually give up when they're failing at something, and sometimes the most sensible and prudent thing to do is recognize lack of ability and admit defeat gracefully. Not everyone can be winners, especially not in a game like ...

Giving Up

Newcomers to any business or profession need to develop the necessary understanding and skills before they can expect to be proficient at what they do. Most professions require years of studying followed by practical experience under expert ...

Lessons by Joe Ross

The stats say different. 50% of start-ups fail within the first 12 months, and a staggering 90% within the first 5 years! Allegedly 95% of retail forex traders fail, some within the first few weeks. Apparently the average lifespan of a new forex ...

Giving Up

For me as well, and although the nuts and bolts of my strategy are technical there is an element of discretion. I like to think I add in my bit of character into the mix which makes it personal (good or bad!) Thanks for the links you posted, those ...

Where is the science? Where are the statistics

Right, and that's why trading is as much an art as it is a science. Give me a brush and a tin of paint and I'll knock out a picture of something vaguely resembling fruit in a bowl......it's how one uses the tools which makes the difference, not the ...

Where is the science? Where are the statistics

It all sounds perfectly logical. So is trading a science, an art, or a combination of both? If it's purely science then why is it that so many people fail, they can't all have mindset and psychological problems. Surely it would simply be a case of ...

Where is the science? Where are the statistics

That topic's too hot for me, I don't dare to comment I agree, plus it probably took them a lot of time and money to get where they are. Having said that, trading is a very solitary business, some people have a need to share their success with ...

Where is the science? Where are the statistics

Your second sentence answers your first question and gives you all the evidence you need! There are several very popular strategy threads on these (and other) forums, they're packed to the rafters with hopefuls. These strategies obviously work for ...

Where is the science? Where are the statistics

'...an art as much as it is a science...', opposed to either one or the other. If trading was purely science then why are the majority of people losing money, there are plenty of profitable trading strategies around the net which have been ...

Where is the science? Where are the statistics

Unfortunately market participants don't always conform to any sort of orderly science, well not in a way which could be reliably reproduced and exploited anyway. Markets are about participants perception, and that frequently bears little relation to ...

Where is the science? Where are the statistics

I'm sure it has but science alone does not make a trader, trading is an art as much as it is a science. That's probably why only a small percentage of people who trade systems found on trading forums achieve consistent profitability.

Where is the science? Where are the statistics