I know the perfect way to win at forex - page 8

 
mirq:
Well guys, it's not working.

The problem is that when you win in the demo account say 100 dollars, you lose 100 + 2*spread in your real account. Or, begginers tend to trade as scalpers, or worse as guerillas. Begginers use to win 5-10 pips in a trade. Meaning they lose 7-12 in the other account. And when they lose 10 pips in the demo, they win 10 - 2* spread in the real, which is bad. Eventually the two accounts will reach a state of equillibrum, both of them with negative balance.

This strategy fails for two reasons: many trades initiated by beginners which means many double spread differencies and the inequity of losses vs wins, which doesn't occur in a regular trading system.

That is what I explained to you.

If you took the time to read my posting (with a cup of coffee or a beer ) then you would read that I said that there are 2 possibilitys.

1) certain systems will always kills themselfs because of spread (like the bank will always win in the casino)

2) If a novice trader have no clue about trading and let his losses get completaly out of hand and cuts his profits shorts so he could have the feeling now and then to have a winning trade ( and turn that upside down) then you have a profitable system in the same way that a disciplinized trader will trade a trend following system that cuts his losses short and let his profits run.

Regards... FXiGoR

 

I want to thank Igor and xx3xxx. They are nice guys who deserve to win at Forex.

 
xx3xxx:
DO YOU DESERVE to loss because you thought you know the Game, but you really don't

Who knows this game ? We all rambling, can't you see ?

 

iGoR got more experience than myself

should we use the ***.hst file in the yesterday chart

to get it proven , our strategy suppose to be 90% successful (i.e. watch DEMO and get a feel of the so called price action with reference to your indicators)

and 60% when our strategy fail (you need to have some fail-save mechanism) that we won't lost much even if we are un-successful, before trying it in DEMO LIVE account (in simple word, don't have to take the full blow of hitting SL , you could get whether you get the full blow by watching your own personal statistics on previous encounter)

we put our eyes on the imminent direction or fast profit too urgently

like from a pension fund, we want month to month increment for our BALANCE, while we knew that the fund go up and down, more you put in, frequently you take out from the fund (if you are allow to) , then you will end up losing , got it?!

ranging - trending - breakout == key to success if you know well in advance,

if you have no idea what false breakout is about -- don't trade

if you are scare of breakout -- well , will you enter later with your template ?! or never , until it is ranging again

DO YOU DESERVE to loss because you thought you know the Game, but you really don't

see my replies this week, got more HINT on how to win in forex

and what type of price level entries, then you will never win -- can't say that for sure, until it is proven that work for 4 to 5 months

kind of agree with you , as only brokers staff know the TRUTH about trading at large with clueless brains

 

Mirq,

Because I see that you are very curious and you are a researcher, why you don't try to buid a system that doesn't matter if the market goes up or down, if there is trend or not, if there is all afected by psychology or not? Just a tip.

Don't give up, even your actual idea is not working right now, you have the right thinking to get success in forex some day. You think differently, and it makes the distance between the 95% losers and the 5% winners. You are just not expecting like many newbies that the 5% of winners give the holly grail to 95% traders. Because this is not the way this matter works. Most of 5% winners don't give you the info because two main reasons: One of them was said by Igor, it's because when brokers discover there are many people with the same winning trading system, they change their rules, or make any anti-system strategy, or whatever to stop those masses get consistently winning trades. The other reason is because that 5% winners NEED the 95% losers to get profits. And I have even found 5% winners that shows in forums losing strategies to make other traders get lost in the way.

Just try, research, try, research... at least you are learning how NOT TO TRADE, while you find your winning system.

Regards,

Marcel.

 
marcelcorzo:
Mirq,

Because I see that you are very curious and you are a researcher, why you don't try to buid a system that doesn't matter if the market goes up or down, if there is trend or not, if there is all afected by psychology or not? Just a tip.

Don't give up, even your actual idea is not working right now, you have the right thinking to get success in forex some day. You think differently, and it makes the distance between the 95% losers and the 5% winners. You are just not expecting like many newbies that the 5% of winners give the holly grail to 95% traders. Because this is not the way this matter works. Most of 5% winners don't give you the info because two main reasons: One of them was said by Igor, it's because when brokers discover there are many people with the same winning trading system, they change their rules, or make any anti-system strategy, or whatever to stop those masses get consistently winning trades. The other reason is because that 5% winners NEED the 95% losers to get profits. And I have even found 5% winners that shows in forums losing strategies to make other traders get lost in the way.

Just try, research, try, research... at least you are learning how NOT TO TRADE, while you find your winning system.

Regards,

Marcel.

Thank you Marcel, I highly apreciate your advice.

But if we reach here, please tell me, does it really exist somebody who earn money from forex ? I mean an individual, a common person, not banks or funds. Do you win more then lose, or do you know personally somebody who wins ?

I am very curious, I have never seen a winner, but this is normal, in my comunity nobody heard about forex.

 
mirq:
Thank you Marcel, I highly apreciate your advice.

But if we reach here, please tell me, does it really exist somebody who earn money from forex ? I mean an individual, a common person, not banks or funds. Do you win more then lose, or do you know personally somebody who wins ?

I am very curious, I have never seen a winner, but this is normal, in my comunity nobody heard about forex.

Oh, yes, I'm not a from-night-to-morning-rich winner, but at least I make small but consistent profits, more than my bank gave to me.

And it's one of the most important points why most traders lose, because the Forex market is overvaluated. Of course you can make 1000% monthly (see some russian contests with real money, there are a lot of wizards doing that), but if you get high returns is because you are taking a higher risk. If you just double the interest your bank is charging for your credit card, you would be feel confortable with that return. There is an abyss between those points of reference.

And to get this point is a hard work of practice, reading, experiments, thinking, willing, love, constant work, etc. And there is not end in the path, you will always on the road. Really I think trading is an art.

 
marcelcorzo:
Oh, yes, I'm not a from-night-to-morning-rich winner, but at least I make small but consistent profits, more than my bank gave to me.

And it's one of the most important points why most traders lose, because the Forex market is overvaluated. Of course you can make 1000% monthly (see some russian contests with real money, there are a lot of wizards doing that), but if you get high returns is because you are taking a higher risk. If you just double the interest your bank is charging for your credit card, you would be feel confortable with that return. There is an abyss between those points of reference.

And to get this point is a hard work of practice, reading, experiments, thinking, willing, love, constant work, etc. And there is not end in the path, you will always on the road. Really I think trading is an art.

I agree with u, really agree. Trading is an art. So u always need some inspiration,u need some special tools. Sometimes u failed. But some huge artist wins only ones and became famous and legendary. The same everything the same.

 
iGoR:
Hi Mirq,

Thanks for your nice words.

One more thing that I would like to give to you....

Many years ago I had the same idea as you had like you discribed in your first posting. Let me tell you what happend to me.....

I searched for years for a winning system....

Could not really find it.......

Then I thought the same as you, trade a losing system the other way around........

So I started looking for a losing system (which should be easy)........

I found a losing system........

But the next step is to look for the system that is losing the most, because the more it looses and when you trade it the other way around the more money you gonna make......

So then I was suddenly concentrating on finding the most losing system.....

And then I realized that maybe it would be better to go back to what I was doing initialy and that is looking for the most profitable system. This way I would not need to turn it the other way around........

I hope you see what I mean...

Friendly regards...iGoR

PS. A couple of years later, I found my winning system.

Well said, all your efforts to find a winning system, and that which you put to find a loosing system, and to trade other way around.. all amounts to lot of hard work, knowledge and experience.. .This is the essence of any type of trading, that which is clear in your signature.

 

The problem with this approach is that it is made in the wrong perception and idea that newbies lose due to not predicting the price direction or trend correctly.

Which is not the case at all, newbies don't lose because they don't know don't which direction to take.

They lose because they don't know how to manage their money.

It's mostly due to exiting trades the wrong way, and the lot sizes they take compared to their account balance.

If these traders were doing it with fixed risk reward ratios, they would most probably take a long time to lose, but that's mostly due to spread, and a bit of bad luck can help, but that's all there is to it.