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WHO trades forex for more than 10 years and keeps making regular profits
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LiYijunXu

Member Since Apr 08, 2019  7 posts LiYijunXu Apr 26 2019 at 12:29
10 years a very long time I doubt there are many traders that have 10 years of data good or bad. 5 years is more likely.

dWaverFX

Member Since Nov 21, 2011  13 posts SurePath (dWaverFX) Apr 26 2019 at 13:58
vudong posted:
dWaverFX posted:
togr posted:
@Nasrul_Swing @SaltyWaters
everyone says so
but where are your 10+ years results
that is what does matter


Where are yours?

What you just said defines hypocrisy. You don't have 10 years of results to show either.

You did not ask regular profit for 10 years ( thats impossible even for big fund , often they have years loss and years gain ).
 I trade FX for 10years, I have regular Profit (for last 3 years). I trade on Interactive Brokers that cannot link to my FXbook. Before criticize someone let look yourself first, I have no benefit to lie, I just replied your question politely.


I assume you are not referring to me, because I was not the one criticizing, you are referring to togr right?

vudong

Member Since Jun 22, 2015  3 posts Marvelking (vudong) Apr 29 2019 at 13:41
sorry, I misunderstood.

MbFriday

Member Since Jul 02, 2016  13 posts Mrs Friday (MbFriday) Apr 30 2019 at 06:16
I believe Individual traders who still compete on Currency trading by using traditional trading systems based on rules or technical indicators and implemented as single decision trees are increasingly ineffective. Algorithms is the way to go.
Gowaletasia posted:
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?
I'm sorry to ask this
because I see the portfolio of several forex winners here on other contests they lose a lot, inconsistent
my opinion for long term 100% forex traders must have lost
therefore many brokers give a lot of bonuses
please let me know if my opinion is wrong
neutral

pain is inevitable, suffering is optional
LongVision

Member Since Apr 06, 2018  253 posts LongVision Apr 30 2019 at 11:46
MbFriday posted:
I believe Individual traders who still compete on Currency trading by using traditional trading systems based on rules or technical indicators and implemented as single decision trees are increasingly ineffective. Algorithms is the way to go.

What are you suggesting here a simple trading system with few rules or a complex trading system with many rules?

The market will trade through it’s path of least resistance .
ridarida

Member Since Apr 24, 2016  9 posts rida rida (ridarida) Apr 30 2019 at 14:45
Dear all ...

With respect to yr point of view abt technical traders .... and yr view abt automated systems ....
U are deadly wrong ... but u can always try it .

 

ridarida1158@
sdr23

Member Since Feb 25, 2018  5 posts sdr23 May 01 2019 at 08:17
MbFriday posted:
I believe Individual traders who still compete on Currency trading by using traditional trading systems based on rules or technical indicators and implemented as single decision trees are increasingly ineffective. Algorithms is the way to go.
Gowaletasia posted:
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?
I'm sorry to ask this
because I see the portfolio of several forex winners here on other contests they lose a lot, inconsistent
my opinion for long term 100% forex traders must have lost
therefore many brokers give a lot of bonuses
please let me know if my opinion is wrong
neutral



With all due respect to the fans of automated trading systems... I worked as forex trading systems programmer for 7 years. Had a lot of meetings with my colleagues from different parts of the world. I should confess, it's impossible to create a system that would compete with experienced trader, at least for the time being. Too many things to consider! It's impossible to trade successfully based only on technical indicators, and not consider at all the economic and political situation. Could you imagine how difficult to trade GBP with all this Brexit mess for automate systems? I better believe you do. The only good thing I got from my programmer experience, it helped me to become a good manual trader.

ridarida

Member Since Apr 24, 2016  9 posts rida rida (ridarida) May 01 2019 at 21:44
I agree .....100%

ridarida1158@
SaltyWaters

Member Since Mar 22, 2010  247 posts SaltyWaters May 02 2019 at 07:24
sdr23 posted:
MbFriday posted:
I believe Individual traders who still compete on Currency trading by using traditional trading systems based on rules or technical indicators and implemented as single decision trees are increasingly ineffective. Algorithms is the way to go.
Gowaletasia posted:
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?
I'm sorry to ask this
because I see the portfolio of several forex winners here on other contests they lose a lot, inconsistent
my opinion for long term 100% forex traders must have lost
therefore many brokers give a lot of bonuses
please let me know if my opinion is wrong
neutral



With all due respect to the fans of automated trading systems... I worked as forex trading systems programmer for 7 years. Had a lot of meetings with my colleagues from different parts of the world. I should confess, it's impossible to create a system that would compete with experienced trader, at least for the time being. Too many things to consider! It's impossible to trade successfully based only on technical indicators, and not consider at all the economic and political situation. Could you imagine how difficult to trade GBP with all this Brexit mess for automate systems? I better believe you do. The only good thing I got from my programmer experience, it helped me to become a good manual trader.


I have to disagree with that, in a good way. I understand you haven't accomplished that yet but that doesn't make it impossible. I have been using my automated strategy for over 10 years, pure technical, and it's been working just fine. It has survived all the flash crashes and Brexit's that happened along the way. smiley

accuratefx16

Member Since Mar 12, 2016  7 posts Paulo (accuratefx16) May 02 2019 at 11:54
I have been trading since 2007. I have lost so many accounts. But in the last 3 to 4 years I started making a profit. But, this year I have now improved my system and consistent profit also guaranteed.
The secret to consistent winning is don't allow loses to make you quit, learn from your mistakes, and depend on God for insightful direction.

With God all things are possible.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.