The beauty of market news... the effect is not random due to the fact that on average the market does the opposite of what it should be doing. To trade the news in a logical manner i.e to bet on the expected outcome - is foolish and should not be ...

The word DISCIPLINE is overused

The broker will pad the swap to an obscene level. The usual scam is to advertise a low spread / commission, then they gouge on the swap. Any retail forex broker worth his salt will make sure to pay as little as possible on positive swaps and to ...

Are trading costs the main reason of losses in trading?

Declaring forfeit ? I am ok with that. Better not talk about random outcomes within a probabilty set, it might give the impression that a trade is essentially just a bet! and that retail forex trading is just glofified gambling after all. Sometime, ...

The word DISCIPLINE is overused

Yeahh, "a successful trader" with his quintessential 3 Ferraries, helicoper and private island (: But seriously, just as I thought. You cannot answer the question, can you ? When you place a trade, you know the outcome for sure, do you ?

The word DISCIPLINE is overused

Let's say that joe trader is a super dupper extraordinary trader using his proprietary supergalaticnolosssystem that he has worked 50 years to develop. Needless to say he is now a retail forex millionaire. He is a pro. He knows his stuff. Let's say ...

The word DISCIPLINE is overused

So each one of your trade is a winner, like 100% of the time ?

The word DISCIPLINE is overused

Not only it is overused, but if you think you need discipline it means you are losing. No amount of discipline or positive thinking can influence a random outcome

The word DISCIPLINE is overused

No leverage just means that it takes longer to lose a signicant amount of money. It's interesting that swap cost is the least known hidden broker scam in retail forex.

Are trading costs the main reason of losses in trading?

To point out the elephant in the room for all to see is my greatest joy.

Are trading costs the main reason of losses in trading?

hmmm, I think I know whom you are referring to.. same story as always. IMO, that is the most interesting feature on this web site! In all that time since I became a member, I have never ever never seen anything looking like consistent positive ...

(binned per thread starter's request) Profit in Forex is IMPOSSIB

How the market works? Yes I know this. Either like a casino or a brothel ... probably both I don't go there. I have seen all the players getting some nasty RFTTD

Are trading costs the main reason of losses in trading?

I worked it out in more ways than you can possibly imagine "to make it as a retail forex trader" sometime i wonder if such a thing really exists...,,,,,,,

Are trading costs the main reason of losses in trading?

I has nothing to do with me. I just worked out your profile using publicly available retail forex statistics. If I have since one kind come and go it's certainly the likes of you. You are many and never the same "you" due to slow or sudden loss of ...

Are trading costs the main reason of losses in trading?

ok, I can work with that. Breaking this down per retail forex participants statistics 1) " I know a lot of successful traders " I can safely assume that you don't know a lot of (many) successful retail forex traders. 2) "everyone has one thing in ...

Are trading costs the main reason of losses in trading?

I see. So this is not a generalization and your personal opinion ? Are you sure about that ? Quoting tropical_g any successful trader knows a trading plan is their key to success. without it you throwing a dice. I mean, you would not be parroting ...

Are trading costs the main reason of losses in trading?

For every trading plan there is a trading account that crashed to zero. This is certainly 1 example in which correlation is causation.

Are trading costs the main reason of losses in trading?

Because it gives me great satisfaction! Like the majority who chose retail forex I have deep seated masochistic tendencies with an unconscious drive to financial suicide rendering me in a constant state of unhappiness and despair. I mean, really, ...

Are trading costs the main reason of losses in trading?

A trading plan is useless in retail forex. Inevitably, the player will lose money

Are trading costs the main reason of losses in trading?