Can YOU make money as a trader? | Page 38 | Metals Mine

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  • #741
  • Mar 1, 2018 12:50pm Mar 1, 2018 12:50pm
Sometimes I also become a drama queen, especially if I post when I'm a bit high.

please forgive
  • #742
  • Mar 1, 2018 1:00pm Mar 1, 2018 1:00pm
I also have to read myself before posting.. not after
  • #743
  • Mar 1, 2018 1:08pm Mar 1, 2018 1:08pm
I agree that everyone needs to calm down. It is certainly counterproductive and self destructive to put too much emotion into this kind of debate. Everyone will follow his own path and at some point makes his own mind about the subject :

“People never learn anything by being told, they have to find out for themselves.”
― Paulo Coelho,

Take care.
Don't give up on your dreams. Keep sleeping.
  • #744
  • Mar 1, 2018 1:15pm Mar 1, 2018 1:15pm
Here are some current stats regarding cfd's (spreadbetting).

http://www.independent.co.uk/news/bu...-a8150871.html

Basically not doing anything about the punters with gambling addiction problems, this is endemic in society whether it be scratch cards, lotteries, or
coin slot machines that are rampant in betting shops across the uk.
It never gets easier, you just get better
  • #746
  • Mar 1, 2018 3:00pm Mar 1, 2018 3:00pm
Quoting Spreadbetter
Yep, I've mentioned this situation elsewhere on another thread; in French studies by the FSA, over 85% of CFD traders lost €8.5k each, bear in mind this was during 2015-2016 and most of them were simply going long the indices. Gamblers are that hopeless and the market makers providing the quotes are that crooked, that 85%+ lost in a bull market. It's as rigged (on the retail side of FX), as FOBTs in betting shops and arcades.
The important lesson from here is:
It said that it had “identified weaknesses in the conflict of interest management arrangements” at all of the providers that it had assessed and that many did not have “the effective oversight they needed to robustly challenge poor conduct or control failings”.

Basically the SB companies are trading directly against retail clients, and if 76% are losers then they have to find "new blood" constantly, hence all the advertising, promotions & sponsorship of Football teams, Formula 1, etc..
Your Broker should be your partner in business not an adversary.
It never gets easier, you just get better
  • #747
  • Mar 1, 2018 3:43pm Mar 1, 2018 3:43pm
hi
about EA maybe he can be down but with only 2 currency pair only that all but they have to do a back test in the last 5 years
  • #748
  • Edited 5:26pm Mar 1, 2018 3:51pm | Edited 5:26pm
You lose, your spread betting broker wins, and no one should be blinded by the nonsense that FX firms only profit from the spread. Anything thinking that for example: plus 500, FXCM or FXPro, only make their massive profits through volume, with a spread of 0.3 on EUR/USD etc, is completely deluded. Plus 500 saw a 70% rise in net profits, to $200 million in 2017, they’ve an army of coders, who wouldn’t look out of place working for Mossad, bleeding their punters dry.

In the distant past I’ve watched friends/colleagues as they manipulate the markets they make for punters, as the “indicative” prices get adjusted. And when, as an example, CMC announce that they’ve spent 100 million on their platform and technology, then it’s for their benefit, not yours, it’s the back end being engineered to squeeze more profits for the company.

When you think that 76% of S.B. punters lost, worse than in a 50-50 coin toss, it proves not only how rigged it is but how utterly woeful most punters are. Retail FX trading = low rent casinos and cheap Vegas hotels for those who think there’s a form of prestige, in calling it trading, rather than gambling.

But sadly most fingers in ears, head in the sand bucket dreamers, think they can beat the odds; like the deranged, no life, insecure starter of this thread, they think infantile MACD/DMI with “sprinkles on top” is the new holy grail. It’d be hysterically funny if it wasn’t so tragically stupid.

The attention seeking fool actually believes he’ll make bank, when it’s the bank chasing him for unpaid credit card bills, racked up through playing it big on the FX markets, that he’s secretly worrying over.


Quoting Shabs19
{quote} The important lesson from here is: It said that it had “identified weaknesses in the conflict of interest management arrangements” at all of the providers that it had assessed and that many did not have “the effective oversight they needed to robustly challenge poor conduct or control failings”. Basically the SB companies are trading directly against retail clients, and if 76% are losers then they have to find "new blood" constantly, hence all the advertising, promotions & sponsorship of Football teams, Formula 1, etc.. Your Broker should...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #749
  • Mar 1, 2018 4:00pm Mar 1, 2018 4:00pm
Quoting Spreadbetter
But you don’t like stats, you can’t handle the truth, you like living in a dreamworld. I’ve already quoted the stats over on another thread, I’m not going to repeat them all again, 96% lose, 0.1% take a living out of the retail side of the industry. There’s what, 3,000 regular posters on here, desperately trying to be retail FX traders? Good luck finding the three that earn a wage... The retail FX industry is finished, it’s a sad joke, central banks and financial authorities are conspiring to kill it through leverage restrictions. The debate on...
Try trading the weekly charts.... Learn to Swing or Take a Position...... Use very low leverage.... Cut your losses and let the profits run.....

Now move through Daily, 4 Hourly to Hourly.... Always respecting the higher time frame trends...

No more gambling.......
A lion doesn't concern itself with the opinion of sheep.
  • #750
  • Mar 1, 2018 4:29pm Mar 1, 2018 4:29pm
Quoting Spreadbetter
You lose, your spread betting broker wins, and no one should be blinded by the nonsense that FX firms only profit from the spread. Anything thinking that for example: plus 500, FXCM or FXPro, only make their massive profits through volume, with a spread of 0.3 on EUR/USD etc, is completely deluded. Plus 500 saw a 70% rise in net profits, to $200 million in 2017, they’ve an army of coders, who wouldn’t look out of place working for Mossad, bleeding their punters dry. In the distant past I’ve watched friends/colleagues as they manipulate the markets...
I think you should start a new thread titled ''Can you make money as a trader and prove it " The only downside is not many will post there .... Hehe

Cheers
GS
  • #751
  • Edited 5:08pm Mar 1, 2018 4:53pm | Edited 5:08pm
Quoting Spreadbetter
You lose, your spread betting broker wins, and no one should be blinded by the nonsense that FX firms only profit from the spread. Anything thinking that for example: plus 500, FXCM or FXPro, only make their massive profits through volume, with a spread of 0.3 on EUR/USD etc, is completely deluded. Plus 500 saw a 70% rise in net profits, to $200 million in 2017, they’ve an army of coders, who wouldn’t look out of place working for Mossad, bleeding their punters dry. In the distant past I’ve watched friends/colleagues as they manipulate the markets...
Spreadbetter says --> "You lose, your spread betting broker wins, and no one should be blinded by the nonsense that FX firms only profit from the spread. Anything thinking that for example: plus 500, FXCM or FXPro, only make their massive profits through volume, with a spread of 0.3 on EUR/USD etc, is completely deluded. Plus 500 saw a 70% rise in net profits, to $200 million in 2017, they’ve an army of coders, who wouldn’t look out of place working for Mossad, bleeding their punters dry. In the distant past I’ve watched friends/colleagues as they manipulate the markets..."

Spreadbetter,

I guess the solution is to ban retail forex. Since retail forex is gambling, we will also need to ban gambling. Since gambling is an addiction, need to ban everything that is addicting. Ban consumption of alcohol, tobacco, prescriptions drugs, religion, food, work, oh everything needs to be banned that is addicting.

The simple solution is to prevent people from becoming addicted. Easy solution --- ban people who are addicted to posting on Forex Factory from being able to post.

Addiction problem solved.
Ecclesiastes 1:9
  • #752
  • Mar 1, 2018 5:20pm Mar 1, 2018 5:20pm
I think if you choose to ignore the warnings then you are solely to blame.

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It never gets easier, you just get better
  • #753
  • Mar 1, 2018 6:21pm Mar 1, 2018 6:21pm
Quoting Shabs19
I think if you choose to ignore the warnings then you are solely to blame. {image}
I really do not understand these Suicide people it's like a cult. They get brainwashed and seem to forget there was a sign for them posted on the agreement that said you can lose more than you invested. Can't claim you can't read the sign with a picture of a shark on it.

Attached Image


If you are going to swim with the sharks, you better have a suit that protects you (a great trading system) or better yet a shark cage (low leverage).
Ecclesiastes 1:9
  • #754
  • Mar 1, 2018 6:35pm Mar 1, 2018 6:35pm
If you like to trade Asia session, my template indicates could be a little EURUSD short to grab a few pips. It is little risky so do not stay too long at the party if it goes against you. Market is very nervous right now.

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For those who don't use indicators, THIS IS NOT FOR YOU <-------------------.
Ecclesiastes 1:9
  • #755
  • Mar 1, 2018 7:57pm Mar 1, 2018 7:57pm
Quoting Spreadbetter
But here's a thing, if I bet on Man City v Arsenal tonight I don't get a synthetic fixed result, it is what it is, it'll either be a win for either side or draw, so I've got what, 1 in 3 chance of getting the result right.
I don't know how football bets work in the UK, but betting on rugby outcomes here in New Zealand is more complex than the way you're describing. If a stronger team is playing a weaker team, then the probability that one team will win is not necessarily 1/2, and you must also consider the odds being offered by the bookmaker. For example, if Auckland is paying $2.50 to win against Wellington, then the bookmaker is effectively saying that they have a 1/(1+2.50), or 28%, probability of winning. If I correctly believe that Auckland have a better chance than that, then I have a positive expectancy bet (even if Auckland are the weaker team, and their chances of winning are less than 50/50).

Of course the odds offered by the bookmakers here make betting an overall losing proposition, on balance, no matter which side you take; after all, they're in business to make money at the punter's expense. This makes sports betting in New Zealand a negative expectancy game, even if results are not synthetically fixed, and hence it doesn't necessarily offer any more promise to the unsuspecting punter than forex does.
  • #756
  • Mar 1, 2018 9:38pm Mar 1, 2018 9:38pm
Quoting newbegger
If you like to trade Asia session, my template indicates could be a little EURUSD short to grab a few pips. It is little risky so do not stay too long at the party if it goes against you. Market is very nervous right now. {image} For those who don't use indicators, THIS IS NOT FOR YOU <-------------------.
You wouldn't wait for the DMI to cross? Just asking.
If you are good at something, never do it for free--Joker
  • #757
  • Mar 1, 2018 9:49pm Mar 1, 2018 9:49pm
[quote=billytt;10829741]
Quoting jmn5611
I would also add this is a trading maxim that must always be kept. If your position goes red, kill it. It is not performing. Drop it like a bad whore. Don't say, it might come back. Do you know any good whores?? lol. Hope you are ok.
I used to know a couple back in the day.
If you are good at something, never do it for free--Joker
  • #758
  • Mar 1, 2018 11:23pm Mar 1, 2018 11:23pm
yes you can make money as a trader.

check out these profiles and read their posts and TE, they know what they are doing.

https://www.forexfactory.com/angelina

https://www.forexfactory.com/hilmy83

https://www.forexfactory.com/mmtsignals

https://www.forexfactory.com/crucialpoint

https://www.forexfactory.com/ata-turkoglu
Profit Maker
  • #759
  • Mar 2, 2018 1:25am Mar 2, 2018 1:25am
Quoting aa4fx
10y, 15y backtesting?!? ... who can more? 20y next time? Why ppl tend to waste their life with back testing, some doing it as a full time job, rather than spending the time thinking how to make a good trading system?
Hi, in a way i agree with you , but i did not say what i am looking for? i do not check any indies, just straight price against time.

I work with Frequency Distribution and different market opening times.

Like i said, actually looking back just a couple of years is ok.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #760
  • Mar 2, 2018 1:31am Mar 2, 2018 1:31am
Quoting GEfx
I'm impressed, and a little amazed, at how so many of you are able to post your bullshit on this thread and trade, all at the same time (that's a joke, because there is ample evidence that none of you are traders). What a remarkable demonstration of multi-tasking! I started the week by posting one of my planning charts, the GA. I posted several follow up charts but erased them, as I did not want my work to be associated with the shit storm of negativity here on this thread. This week, I have been trading the GA, the EA, the G$, and the $CAD. It's...
Epic... Everyone knows i currently trade off the 08-00 15 minute bar off the UK open.

Normally a short time later i have finished for the day.. I only trade 1 pair CABLE. i need no more and i only need 5%.

Hopefully in 45 minutes i will be expecting my next trigger.

I am confident i will not fail, if this trigger does fail i will then have to wait for next trigger to fix it.

When i am not trading i either have a walk along beach, go on my weights, drink coffee and play music AND entertain my self here on FF, if my gf is around i may pay her attention.

Trade well ........
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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