The fact that the probability is so slim makes it in effect, impossible. but there is always that chance, right? so people will try (:

Trading forex profitable is impossible!

Of course long term success is possible -- for some. (I did not start this thread - the statement is incorrect) Can it be said of a particular member (random element) of the trading population that this particular individual will succeed long term? ...

Trading forex profitable is impossible!

... and debate won by forfeit due to lack of counter-argument. Thank you all. Simple logic shows that probability of long term success in forex is near zero

Trading forex profitable is impossible!

... silly me... and all along I thought the proof was on you After all it should be possible to prove a positive? (it's difficult to prove ghosts do not exist) It's simple to understand. Someone, somewhere will have long term success. but the ...

Trading forex profitable is impossible!

I see ... I kindly submit to you that we reverse that statement: Claiming it is "possible" to succeed and stating is as "fact" requires objective proof. Without this proof, it is not a "fact" but just an opinion. I am afraid you are still not ...

Trading forex profitable is impossible!

Trading forex profitably long term is impossible. I mean no offense and with all due respect you guys are proving my point.

Trading forex profitable is impossible!

Ok. So where is the evidence? You can find doctors and carpenters in the phone book... (: Over time the rate of atrition is enormous it must be close to 100%. The base is very large, by logic then yes, there is someone, somewhere who is a ...

Trading forex profitable is impossible!

On the contrary. Isn't there ample proof than 95% of retail traders are losers? Is this not generally accepted? I see claims that retail forex trading is profitable. Fine, I contend that in the long run, it is not. If there is indeed 5 % or even 1% ...

Trading forex profitable is impossible!

it's an addiction and a vice when you lose. it's a passion and a career when you win.

Are You Addicted to Trading?

haaaa.. that low barrier to entry is a real killer.. (: It is fascinating that the players of this game can't see the big picture. And the fact that my simple remarks brings immediate antagonism means that I am really onto something good. I don't ...

Trading forex profitable is impossible!

ok, several topics come to mind, The law of averages (someone will do well, someone will do poorly). Bell curve distribution (extreme success, extreme failure); add this to the economic purpose of speculation in an open market economy -- speculation ...

Trading forex profitable is impossible!

Not my opinion or experience. It is a fact for retail trading.

Trading forex profitable is impossible!

Not doing this for myself (I know no one makes money long term in forex), but as a public service. Some gullible soul hears / reads that someone's cousin told his friend's sister who told him that his neighbor is making big money in forex. Therefore ...

Trading forex profitable is impossible!

If recovering your 5,500 is important then do no do it via forex. You will try probably with a much smaller amount and you will think that you will be "doing it right from now on".. but you will lose that as well. Just write it off as a bad, bad ...

How can I recover my huge (for me) loss

I so agree with you. Not that I am interested at all in this particular poster or anyone claiming poistive result over time without proof. it seems to me that by logic, proving a positive is possible, proving a negative is not. No one ever comes ...

Trading forex profitable is impossible!

... it's like being insane... Speculation, trading, gambling are the financial equivalent to neurosis and psychosis. They are the mental disorders of the financial world.

Trading is like ...

It does make sense that no one has the intention to speculate in Forex (or stock, options, futures...) and expect to lose... The short answer is: speculation cannot generate consistent profit. therefore, NO ONE makes consistent profit ... especially ...

How much you make in a month on avg...

I know that it is not possible (certainly not in retail forex - The facts are out there find them). But what is irritating is that the industry has to feed, therefore you have massive misinformation from the "trading world" simply to mislead and ...

Who of you guys makes a living of Forex?

Unfortunately, this is a lie (second statement is true)that is perpetraded by the trading world to get new bodies in the shop so that they will be fleeced. There is no long term success in trading as is. If you have some success you must leave the ...

A "doable" way to take a $300 account to $1 million in 45 months

This Livermore devotion always make me laugh. If the best of the best can't succeed at this game what about us mere mortals? All the great "traders" are better salesmen than traders. They don't get billions under management because they can trade ...

A "doable" way to take a $300 account to $1 million in 45 months