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Conflict of interests in this forum

Richard Bills (RichardBills)
Nov 09 2016 at 15:55
74 posts
Regulation and proper rules should always be in place to fight conflict of interest. This is a serious topic, indeed and I believe that if someone is selling something, there should be a prominent risk disclaimer and clear mentioning of any commercial affiliation. Read the comments and thought it would be good to add that point.
@JHenrique - you never know until you do your due diligence researching the service provider.

Raj (RPatell)
Nov 14 2016 at 09:08
64 posts
Hopefully to be on the winning side 😄

Knowledge is king!
FxMasterGuru (FxMasterGuru)
Nov 14 2016 at 10:00
1607 posts
RPatell posted:
Hopefully to be on the winning side 😄


@RPatell

What are the chances of retail traders (like us) against crooked brokers and poweful banks, not to mention institutional pro traders armored with the world's best available hardware, software and top of the class MIT statisticians and IT specialists on their payrolls...

Seriously... What are the REALISTIC chances of being on the 'winning side'...?

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
c3po
Nov 14 2016 at 10:37
51 posts
how do you know anything is real? just trust your own testing. Learn MQL and it will help your testing to bring into focus how it works.

c3po
Nov 14 2016 at 10:42
51 posts
FxMasterGuru posted:
RPatell posted:
Hopefully to be on the winning side 😄


@RPatell

What are the chances of retail traders (like us) against crooked brokers and poweful banks, not to mention institutional pro traders armored with the world's best available hardware, software and top of the class MIT statisticians and IT specialists on their payrolls...

Seriously... What are the REALISTIC chances of being on the 'winning side'...?


dont accept a loss unless you have a winner to meet or exceed it to close along with it. Now figure out how to distribute your orders so it doesnt blow the account. think like a child. pretend that you know theres an answer to the puzzle and as long your determination to solve it exceeds your discouragement then you will succeed.

xgavinc
Nov 14 2016 at 10:43
235 posts
There is no spoon...

For every loss there should be at least an equal and opposite profit.
FxMasterGuru (FxMasterGuru)
Nov 14 2016 at 16:06
1607 posts
c3po posted:
FxMasterGuru posted:
RPatell posted:
Hopefully to be on the winning side 😄


@RPatell

What are the chances of retail traders (like us) against crooked brokers and poweful banks, not to mention institutional pro traders armored with the world's best available hardware, software and top of the class MIT statisticians and IT specialists on their payrolls...

Seriously... What are the REALISTIC chances of being on the 'winning side'...?


dont accept a loss unless you have a winner to meet or exceed it to close along with it. Now figure out how to distribute your orders so it doesnt blow the account. think like a child. pretend that you know theres an answer to the puzzle and as long your determination to solve it exceeds your discouragement then you will succeed.


...??

Attachments:


Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
c3po
Nov 14 2016 at 17:07
51 posts
FxMasterGuru posted:
c3po posted:
FxMasterGuru posted:
RPatell posted:
Hopefully to be on the winning side 😄


@RPatell

What are the chances of retail traders (like us) against crooked brokers and poweful banks, not to mention institutional pro traders armored with the world's best available hardware, software and top of the class MIT statisticians and IT specialists on their payrolls...

Seriously... What are the REALISTIC chances of being on the 'winning side'...?


dont accept a loss unless you have a winner to meet or exceed it to close along with it. Now figure out how to distribute your orders so it doesnt blow the account. think like a child. pretend that you know theres an answer to the puzzle and as long your determination to solve it exceeds your discouragement then you will succeed.


...??


oh I thought it was someone cool asking a real question, didn't realize it was you or wouldn't have tried to help.

FxMasterGuru (FxMasterGuru)
Nov 14 2016 at 17:45
1607 posts
@c3po

Thanks, anyway...! You are a good fella!

By the way, statistics clearly show the chances of beating the brokers, banks and instititutional traders in their own game.

The chances are about the same as beating the casinos in blackjack or becoming a consistently profitable poker player...

It is possible (many people did just that), but again, what are the chances for the majority of us...?
__________________________________________________________________________________________________

P.S. I would argue with this statement of yours: ''Dont accept a loss unless you have a winner to meet or exceed it to close along with it.'' A close friend of mine did the same (i.e. did not accept the loss) got a margin call and eventually lost $200k+. She did not accept the loss... She was tough and determined... Later she committed suicide...

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Dove_Services
Nov 14 2016 at 22:21
33 posts
c3po posted:
FxMasterGuru posted:

dont accept a loss unless you have a winner to meet or exceed it to close along with it.


Psychologically that is what we are tempted to do. Unfortunately that goes against the golden rule 'cut your losses but press your winners'. Trading is hard for this simple reason.

Every few years I have to go back reading 'Phantom of the pits' as a reminder.

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