what about the competition issue? most contests last 1 month 2 months but it's not by any standard a measurement of skill . it's a measurement of luck. i've seen traders at dukascopy who are said to make at least 100 % monthly but the info does not ...

How many Trade Explorers are there?

[quote=h96;6678142] very true... The problem is the information overload. Just here on FF, a lot of threads. my process to find a profitable method is this: 1. Filter the threads So the first quest: Which threads are worth reading? - all of them 2. ...

How difficult is it to find an effective daytrading method?

from what i observed trade explorer confirms the 5% rule. most explorers show failure and the small comeback and they enter the top but that is not ok. the ones that do go up for a long time have huge problems. i haven't seen them all yet but i will ...

What to look for in a Trade Explorer

it seems that they wanted to prevent everybody at having a chance at succeeding with that absurd rule. another thing is hedge funds who are not allowed to receive small amounts of money from ordinary people and not allowed to advertise. preventing ...

The Future of Forex?

3 years 8h a day. this includes testing all the ideas available and finding something that works in the end.

How difficult is it to find an effective daytrading method?

if your using gut instinct in your trading aka "discretionary trading" you don't have a method. a method is a thing that could be replicated in a lab anytime anywere and that can also be taught. if a "discretionary trader" actually mentioned train ...

How difficult is it to find an effective daytrading method?

there should be a site that monitors live performance of these accounts. all i know of is iasg.com which is a collection of alternative investements firm. for a gut instinct trader a minimum of 2 years on profit should be a minimum. if you're ...

Anyone know of any decent PAMM accounts?

66 trades is nothing . i've seen profitable after 1000 trades only to fail after that. the trades section is pretty self explanatory in terms of how hard it is to be profitable on the long term.

Are my 6-mth-old results statistically valid?

the smartest observation ever on forexfactory. if it's intuition it's not a system and they should tell you exactly that when they try and "teach " you . gut instincts cannot be taught. actually if they have success is about their gut feeling and ...

Is the "system" part really so easy to come by?

diversity of thought is always a good ideea in solving problems. just like in forex it is always a good ideea to learn everything that you can even if there are 2 ideeas that are good in 1000 ideeas that are bad. i don't have bone problems but when ...

Health is wealth in a trader's life

let me give an example of a failed deductive reasoning. they have done studies which show that calcium is absorbed from dietary milk very well. now the deductive reasoning would be that if you get calcium from the dairy and vitamin d from the sun ...

Health is wealth in a trader's life

doesn't livescience also tell that the only cure for cancer is chemoterapy? doesn't livescience say that alopathy is so great? you come here with bullshit deductive reasoning saying that it's science when actually it's only deductive logic. and for ...

Health is wealth in a trader's life

ati baia success.

Money Management

ati baia. the way i use the simulator is i look first of all if the simulated chart goes steady upwards without big drawdowns. steady chart means stability . at 50 % and 1 reward risk we can expect totaly random outcomes. and you can see that in the ...

Money Management

in order to get 1 to 1 risk reward and to include the spread you have to have a larger reward on screen. if the math is wright for your systems than you first have to do the monte carlo analysis for each system to see which one is more likely to ...

Question for experienced trade system creators and theorists

the biggest waste of time on ff is reading what mingary has to say. basically he actually had a conversation with the god of trading and now he is sharing his knowledge. he's mission on ff is the mission of a jesus of trading. he actually has seen ...

Why are most Forex Authors not active Traders?

i've read a lot of books and only 2 could be of some use.(surri duddela and elder entries and exits). the books from wiley trading i despise . it's a complete waste of time and money to try and read a technical analysis book which has no charts ...

Why are most Forex Authors not active Traders?

discretionary traders like to think of as themselves as being analytic . they make "analysis" they have "methods". for me what discretionary traders are doing is witchcraft combined with gut feeling and luck. you cannot follow their analysis and you ...

Define discretion

promising trader.

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