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How to improve the odds in trading

Donex
Feb 04 2014 at 01:49
90 posts
wlk1 posted:
I did sign up for an online course when I first began in 2010. I'm not sure if I'm allowed to name it here, but the site pops up on the first page if I google 'learn to trade forex'. He teaches how to trade price action with nothing more than candle patterns with support and resistance. I have to admit that it is not a complete waste of time/money. If you really didn't know a thing about trading forex, and needed a primer it would have been a decent place to start.

He had some pretty good ideas, strategy and tips. I did it for a few weeks/months and I was breaking even. In hindsight, the system that he was teaching may actually have been profitable in the long run. Its a pity his training materials were not very well presented or organized, and I gave up.

I would't consider myself a sucker, but I did pay money to learn. :)


I think you're talking about oranges and I was talking about apples. Sure there are some reputable FOREX educators, but what I was addressing are the charlatans that promise unrealistic returns with their manual system or robot.

Hate your losers more than you like your winners
TrendSAX
Feb 04 2014 at 07:16
1 posts
There are no free lunches ( or dinners or breakfasts ) in the FX markets - trust me, I have been at it for 30 years.....😄

JC (johncarrus)
Feb 04 2014 at 16:07
42 posts
I started trading in 2008 then took a break.. I'm giving up after 2 more years from now.. lol I can work and make more money than doing this.. There are more profitable ways to use my time. But until that 2 year mark.. i'm going balls to the wall to make this work :)

When the waves are good- Ride them, If they are not, wait for the next set
JC (johncarrus)
Feb 04 2014 at 16:42
42 posts
Have you guys seen this guys results?? Unreal!

https://www.myfxbook.com/members/startumbler/johnpaul77/786533

When the waves are good- Ride them, If they are not, wait for the next set
Donex
Feb 04 2014 at 23:15
90 posts
Pretty amazing. Has a large sample size in time and volume.

75% win rate (Avg win 667pips), incredible. DD of 10% incredible. AvgWin > AvgLoss. Besides the unrealistic result which I find hard to believe, albeit might be true, but never heard of the broker. That's not to say they're not legit.

One thing I've noticed any system that is verified with these results inevitably has some obscure broker.

In in my experience, the maths just doesn't add up (In the sense to good to be true). It is possible that he is trading several deviations to the right of the mean, that can happen short term but extremely rare to impossible longer term.

His trades are not private, suppose the only way to see, is keep an eye on any new open trades and see if they are legit, but if there is any fudging going on with the broker then that won't tell you anything either.

If this account is true, then what more can you say than WOW, well done, fantastic results, congratulations, hope it keeps up, nice to see someone raping the big guns at their own game.

Hate your losers more than you like your winners
forex alert system (forexalertsystem)
Feb 05 2014 at 00:07
101 posts
Donex the account looks suspect so does the brokers main web site... 🙄

JC (johncarrus)
Feb 05 2014 at 04:28
42 posts
Yah i agree.. it looks fishy.. indonesian broker? hmmm

When the waves are good- Ride them, If they are not, wait for the next set
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