Can YOU make money as a trader? | Page 6 | Metals Mine

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Can YOU make money as a trader?

  • #102
  • Feb 10, 2018 11:24pm Feb 10, 2018 11:24pm
Quoting GEfx
{quote} Let me dumb it down a little more for you. Trading successfully is really hard. It takes as much study, preparation and dedication as any other really difficult thing. Any idiot can cut open a brain, throw a baseball, suggest a new theory about the meaning of the universe, or know when to enter a trade. It takes brains, patience, maturity and dedication to successfully remove a tumor, throw a perfect 82 MPH breaking ball, provide mathematical support for your theory, and enter a successful trade. If you are a goof, you'll go to jail for...
I know that the average delusional retail forex enthousiast must rationalize placing bets in the market with the idea that they are doing something like "brain surgery". This is how "gurus and commercial elements" can sell their crap and get away with it: "of course people lose, not many can be a brain surgeon or a rocket scientist" and that level of proficiency is what it take to apply my system successfuly"
So again, I am asking you:
how you can rationalize a comparison of a true field of research and applied science that benefits society to a gambling activity?
  • #113
  • Feb 11, 2018 1:19am Feb 11, 2018 1:19am
I am still a relatively new trader. However, I have learned a few things and operate on some assumptions.
The only way to be 100% right on trades is to be a, "fly-on-the-wall" in the office of a Market Maker. If this is true and if a person can figure out what these people are thinking then, "KA-CHING!! Therefore, if a method and/or indicator does not have a rational connection back to the thinking of a Market Maker then I don't see how it is useful.
I am still exploring different methods to try and find what works for me. I don't use demo accounts. Instead I use micro-lots. There was an old, "Kung-Fu" episode where the Master asked Grasshopper a question. Grasshopper answered the question right, but the Master slapped him. Grasshopper asked him why he slapped him since he got the question right? The Master replied he slapped him because he wanted him to remember the answer. That is why I use micro-lots. I guess I need that little slap in the face to remember when I am right or wrong.
When I decided to try Forex I accepted the fact I would have to spend (lose) money. Forex is a way to make money, maybe a living. Anything I have done to learn how to make money (e.g. a profession) I have had to spend money. For me, Forex is no different. When I spend (lose) money in Forex I, "chalk it up to" tuition.

I would welcome any constructive comments on my thoughts.
  • #118
  • Feb 11, 2018 4:00am Feb 11, 2018 4:00am
Quoting Mingary
{quote} Thanks. Here is a direct descendant https://en.wikipedia.org/wiki/Prosperity_theology Is that ok as well ? Would you support this movement ?
I have something to share here. My brother in law has a Brasilian friend who wistles after pretty women. He also uses his tongue to show his real enthusiasm. Stuffs like that. On a party, a Third friend saw the Brasilian guy in actionz He went and told him, that is never going to work! Are you an idiot?!?

The Brasilian "playboy" replied something like: Are you an idiot?!? I get laid in 2-3 times out of 30 tries...

The Brasilian just repeats the scenarious he knows over and over again... and get laid, even it looks absolutely impossible to do so, at first glance...

So, the ratios in mathematics always work. The rich Christian fellas might think or believe what they want, with or without God's will, the mathematics ratios still do work. There is no way to know God's opinion on the mater, as The Guy likes to keep silence... Thus, human beliefs mean nothing after all. They could be a product of simple math ratios that does not need ANYONE's approval, anyway... cause the ratios seem to be part of Life's algo... :-)))))
Maadik Hugiis. IQ 69.
  • #119
  • Feb 11, 2018 5:42am Feb 11, 2018 5:42am
Quoting nealpek
This thread is titled "can you make money as a trader" I say yes. Is it easy, no! Is it simple, yes. Two similar yet vastly different concepts. Is it easy? No. Do most here understand the mechanism of how orders actually enter the market? How banks, dealers and all the intermediaries between price and you transact in the market place? How about the true nature of how volatility is a function of liquidity? Do most here truly understand this dynamic? How about risk management? Do most of you know how to control the only element of your trading plan(which...
This, right here, is the truth. Those who are losing money should take note and go and learn about market structure. Forget about all indicators-if you don't know market structure you can never trade profitably over a long period of time, and if you do understand market structure you will realise that you don't need or want those indicators. There are lots of free resources out there to learn about this and it is very simple, works on any time-frame. Really, do yourself a favour and learn this stuff, you won't regret it.
  • #120
  • Feb 11, 2018 6:20am Feb 11, 2018 6:20am
Quoting Stephen Thom
{quote} This, right here, is the truth. Those who are losing money should take note and go and learn about market structure. Forget about all indicators-if you don't know market structure you can never trade profitably over a long period of time, and if you do understand market structure you will realise that you don't need or want those indicators. There are lots of free resources out there to learn about this and it is very simple, works on any time-frame. Really, do yourself a favour and learn this stuff, you won't regret it.

What he said ^^^

As soon as i see indicator based methods, it's time to yawn. Not once is simple market structure, Supply/Demand mentioned...
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