How to beat the forex market - page 2
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You cannot beat the market but you can beat your broker to the game basedon some condition that your broker is NFA registered and the trading systemyou are using.The reason why you cannot beat the market is that your order have no influence on the market, it cannot change the chaos the market has set for itself for the day, it cannot change the direction. The market is the systemwe are trying to speculate. The market is the problem of study.The fact remains that most traders do not want to accept few thingslike the popular trading strategies they are using are wrong and are not met to speculate the market. Most wants free EAs' and Mechanical systems that makes their brokers money! That is no one's fault!Those using own system to beat their brokers pay for them because they want to beat their brokers and be profitable and they are getting some good results too.
it's possible to beat the broker if you on market maker platform
and it's a must if you want to see your equity growing up
it's possible to beat the broker if you on market maker platform
how can beat your broker? did you forget that your broker has a spread and hits you with slippage and sometimes comissions and rollover? Aren't these fixed and cannot get around it?
However, the market can be beaten. One way to beat it is to beat the edge.
Different opinions on what we are doing. We trade against
brokers and not the market. If you are trading against the market,
it means if it is going down you are going up.
If you trade in the same direction as the market then you cannot
beat it. Both of you will stop at the same level and reverse at
same level and behave exactly the same. Do you get it? You cannot
trade more than the actual value of US dollar so you cannot beat it!
You cannot beat what you are imitating. Brokers do not know
much about the market than you do. You are betting with them
that the market will go up or down.
He then borrow you money to do that. Your order is not actually
submitted. they pay whoever after two days. So they can
offset your win
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Extra:
The main market traders are the central banks,
largest commercial banks, and hedge funds investors.
These market participants trade exclusively among themselves
in a market called the inter-bank market. This market is not
accessible to the general public or the so-called retail traders.
The retail market is the market where individuals, corporate
entity even banks trade among themselves via brokers
by speculating which direction the main traders (the market) is
going.
This is a different market entirely. If they speculate
the direction very well, they win against their brokers
and if they are wrong they lose money to their brokers.
This is how the retail market was designed to function.
And because you are not the only one speculating, no matter
how good you are against them, they still make money from
99% of other retail traders who do not know what I have
just told you. (I said we speculate on the direction of the main
trade). So it is not really a big deal if 1% out of 99% is making
it.
So no matter how bad your broker is, you can always beat
your broker if you can speculate the direction of the
main trade. Your broker is not even more knowledgeable about
the market than you. Most rely on the same wrong linear
models like the rest 99% of retail traders.
The spread and other costs are normal costs. If you win your
trades most times, these have no effects on your equity. if your
broker give you a spread of 5pips, you made 25pips you have
cover this cost anyway. Even if it is 1pip! that is why it is important
never to give a pip back to them. Each pip makes you richer.
If you are too good for them, the only thing they can do
is to imitate your trade or watch. Good brokers will use
your position to hedge against their fund by taken same
position with other brokers.
This is my little understanding on the way I view and trade
the market. That is why I now trade to imitate the entire
market system and not the price my broker gives me.
Having said, if you have a broker with poor infrastructure -
server downtime, someone fiddling with your positions, poor
platform without trailing stop. server time out, poor equity
not NFA regulated, excessive spread when you are on trade
etc.etc. then your broker have the edge.
Let me explain. You are winning and you put your stop loss say
10pips or 20pips and all of a sudden you lose or someone stopped
your trade. Then you are trading against your broker.
Change your broker to NFA one or to a more popular one with
many traders.
I have one live account with one such broker, I cannot narrate
how fustrating it is with this broker right now. But I am
testing it to give better advice to my clients.
Even in such a bad situation you can also beat your broker
with pending order if you can read the market correctly
something mechanical systems cannot do.
Again forget about having an edge over the market.
Some people sell plugin claiming to have an edge over
the market, how can this be when we are not part of the
market.
You mean or they mean having an edge over your broker.
The market is a system of its own with so many determining
factors, all we can do is to imitate its direction and use
that skill to bet and have an edge over our brokers
who borrowed us money to speculate the direction of
the market.
this is my 2 cents. may not necessarily be what 99.99% traders
will subscribe to
We can beat the market as long as we make huge profits. I think most of traders these days make a lot of pips in GBP and GBY.
Forex formula of the Trading System (Key Points)
1) There is a market pattern you can exploit for morning reversal breakout.
2) Accumulation-during Asian session the high and low of the day is set. Positions get built during this time.
3) Stop hunt- false moves against the real direction. Traders jump in and get trapped.
4) The true trend is slow and steady and takes several hours to cap off.
5) End of day- off of high/low back into consolidation where traders get trapped in consolidation paying rollover.
6) They will burn your account and punish you. This is why you should not trade with the retail traders. Try to pay attention to your charts and watch those breakouts from the range..........these are the moves that trap the herd. When the W or M forms-enter going the opposite way.
7) Never trade in the middle of the range. Short off the top of the range(daily high) or go long off the bottom of the range(daily low).
8) You must watch for the M and W formations near the high and lows for these moves. The cycle begins and ends with consolidation usually in the middle of the range where they can keep the buyers and sellers trapped until they come get your stops.
9) Choppy days are created on pairs to handle the crosses. Market makers work the entire board by moving or holding a major pair. This is how they cause fractional disparity.
it's easy to beat the market.
If u have gazillin million dollar in ur bank account, u can change the market according to ur like.
or never trade and be an affiliate/whitelabel.
Much safer ut longer to make money.
Hello everyone here on this forum and I really appreciate all of you peoples information about, How to beat the Forex market, I am also new here in the Forex market I have join this market before 4 months and there is a great information for me. thanks.
In forex, we can make analysis and prediction, but it beyond our control to beat the market. We have to find an edge in our trading strategy, and at the same time, have good Money Management control and risk, so in the long run, you will be profitable n success
Got it! Thanks!! Good information..