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Mingary replied Jun 19, 2014Whatever it is they are doing .... if this is not a hoax, cannot be duplicated by the common mortal on a metatrader platform.
Shitty systems automated
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Mingary replied Jun 19, 2014I am convinced there is no trading system that can be ever be created that can generate consistent profits long term. But it's fun trying.. IMHO
Shitty systems automated
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Mingary commented Jun 19, 2014This kind of drivel is the reason why people open the ubiquitous $ 1,000.00 account at the local friendly neighborhood bucket shop and lose it all to the house in 2 weeks.
How to Scale-In and Scale-Out of Trades
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Mingary replied Jun 19, 2014If by "Real Trading Method" you mean "profitable" Then the method to use is one that closes all trades for a profit. (This is the secret for making money in the forex)
Looking for Real Trading Method
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Mingary replied Jun 17, 2014Given the tone of the forex hopeful; it looks like the forex attracts the broken hearted. Madam forex is a cruel Mistress.. Places like forex factory are a purgatory for those that are shell-shocked and in denial.
95% Lose in FX is a Myth: % Profitability in the US last year
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Mingary replied Jun 16, 2014Well great, if the 95% come to their senses and quit that's the end of this industry..
95% Lose in FX is a Myth: % Profitability in the US last year
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Mingary replied Jun 16, 2014Thanks for validating my positive contributions. I will endeavor to keep up the good work.
95% Lose in FX is a Myth: % Profitability in the US last year
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Mingary replied Jun 16, 2014If you are profitable, what are you doing here ? If there were such a thing to actually make money in the forex, Forex factory is not the place to hang out if you are a winner.
95% Lose in FX is a Myth: % Profitability in the US last year
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Mingary replied Jun 16, 2014And your point is? Some deplete micro accounts and some deplete macro accounts.. The size of the fish does not matter if it's possible to make a buck. Do you really believe Goldman Sachs does not have weekly meetings on how to get the most $$ out of ...
95% Lose in FX is a Myth: % Profitability in the US last year
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Mingary replied Jun 16, 2014I am sure that the cost to setup some bucket shop varies from country to country.. It is very realistic. The most profitable business in the world is to handle Other People's Money, especially one with a strong hype and gambling flavor.
95% Lose in FX is a Myth: % Profitability in the US last year
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Mingary replied Jun 16, 2014Greg Secker's Knowledge to Action comes to mind... and many others...
Fallacy or Reality?: "Winning Systems Are Never Sold"
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Mingary replied Jun 16, 2014I humbly submit that this is where the fallacy lies. "A well defined system" is an impossibility that takes one on a never ending search ... or ends when all the money runs out.
Fallacy or Reality?: "Winning Systems Are Never Sold"
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Mingary replied Jun 16, 2014I concur. How one gets into a trade is irrelevant. The ONLY thing that must be of any concern is the money at risk. Money-at-risk - how to manage lot size, SL, and take profit - is the only "system" in my book... Anything else is pure delusion.
Fallacy or Reality?: "Winning Systems Are Never Sold"
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Mingary replied Jun 16, 2014Indeed. I contend that a winning trader (if it exists) does not rely on an automated system to win. Therefore a "winning sytem" cannot exist, and if it's for sale it's a fraud !
Fallacy or Reality?: "Winning Systems Are Never Sold"
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Mingary replied Jun 16, 2014A winning system implies that anyone can use it. It implies that it's automatic... just turn it on and watch the millions pour in.. Therefore, by your statement one can deduct that a winning system cannot exist.
Fallacy or Reality?: "Winning Systems Are Never Sold"
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Mingary replied Jun 16, 2014It's so obvious that there can never, ever be a winning trading system - long term. If such a beast existed some organization / individual would own the universe... This is the equivalent of believing lead can be turned into gold. Forex alchemists ...
Fallacy or Reality?: "Winning Systems Are Never Sold"
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Mingary replied Jun 16, 2014Forex brokers go bankrupt if they are unable to attract new traders... For instance, every forex broker on the planet puts on a dog and pony show (1hour free seminar) on the weekend to recruit new canon fodder to replace the "fallen"... They must ...
95% Lose in FX is a Myth: % Profitability in the US last year