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- [Archive!] FOREX - Trends, Forecasts and Consequences (Episode 10: December 2011)
It is better to discuss those that are profitable and promising, as at least 90% of them are failures.
and why only in forex?
my first failure was to go in without a stop loss on the entire deposit
It is better to discuss those that are profitable and promising, as at least 90% of those that fail
And why only in forex?
my first failure was to go in without a stop on the entire depo
failure can be for two reasons:
one - non-compliance with the MM
second - a large number of trades, the deposit is eaten up by the spread and commissions.
My disappointment: martingale averaging. When I first tried forex trading in 2011 this strategy seemed to be the most attractive, but turned out to be the most destructive to the deposit.
Strangely "disappointing" - both terms (both martingale and averaging) clearly indicate a loss.
I don't think the topic is worded quite right. Strategies can be profitable for a certain timeframe and then start to fail. So it is more correct to talk about mistakes that are made when developing trading systems. For example, a trading system can be strictly bound by some numerical parameters to the current market state. Obviously, over time, the market situation may change, but the trading system is tuned (optimized) for what has become irrelevant. As a result, if there is no possibility to change the parameters in the Expert Advisor, or if the user "missed" the moment to change the parameters, the Expert Advisor will "lose" money.
You get a very subjective assessment of a dog-eater. Agree, the opinion of a Korean and a Bulgarian on what they have eaten will be very different. Not to mention the cooking quality of the same dog. Alas, popular statistics say that the ratio of quality to poor quality dog eaters on the forex market is 5 / 95
From the depths of the internet:The expression "to eat a dog" on something means a person experienced in something, a connoisseur, a master. A. Potebnya believes that it originated from peasant life, in which mowing was considered one of the hardest jobs: "Only a few people know how to mow; he who has learned how to do it, copes with his work relatively quickly. An inexperienced person is so hungry for the job that he might as well eat a dog.
If you compare it with music, I consider a song that is popular in a year or decades to be profitable. But I don't consider Top hits that no one remembers after six months to be profitable.
Every era has its Beatles. So you have to be able to adapt to fit the time.
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