Professional4X posted:Engelbrechtas posted:
To me it sounds like you are a very wise trader. Yet I've got a question for you.
You explained that the market gives you three options.
1) market trending up. Option to buy
2) market not trending. No action
3) market trending down. Option to sell
In further examination this looks real. It gives you an success rate of only 33.33%
Because if you for example buy in the market, but the direction changes or stay. You will
not gain profitable.
Now my question is as follows. ( I'm a relative rookie trader)
Is there no way to calculate or eliminate risks to up the probability of your success
rate. Say to above 50% because then you know or should feel better about the trade.
To clarify what I was saying.
1) trending up example:
If EUR_USD is bullish in the D1 (daily) trend, and the M15 trend appears bullish, then I would enter a long trade.
BUY EUR_USD
2) not trending example:
if EUR_USD is bullish in the D1 (daily) trend, but M1, M5, M15 all appear bearish, then I would not trade.
DO NOTHING
3) trending down example:
If EUR_USD is bearish in the D1 (daily) trend, and the M15 trend appears bearish, then I would enter a short trade.
SELL EUR_USD
The odds of a random selection of the correct trend is 50% long, 50% short.
Even if you open the ticket when the market is ranging or not moving, the odds are still 50:50 of the correct direction because eventually the market is going to move one way or the other.
To increase probability, look for high probability candle patterns, look at the PSAR, MTF Cycles, MTF trend analysis, and multiple currency pair analysis. Trade small, and step additional trades into the profitable basket.
There is no way to remove 100% of risk when trading, but those risks can be properly managed.
Pay close attention to trending markets, fundamentals, news events, technical analysis, etc etc etc. It's all important.
So if you enter randomly win rate is 50% but would a good win rate be if you are a pro trader?
Jul 25 2019 at 10:40
jonathan89park posted:
People are always trying to find ways to improve their trading results by trying many different strategies and plans. Are there any secret forex strategies that we should all know about? and the answer is no. In fact, many of the strategies that claim to be “special” or “secret” are usually short term, temporary methods that are not durable and loses its charm throughout longer periods. In the world of forex where the market fluctuates constantly, special or secret strategies do not exist. Indeed it may work for some people for a certain amount of times, but it’s not effective in the long run, therefore you can certainly call it unique, but not quintessential.
What we see a lot in the world of forex is the useless “secrets” that will magically make you become successful and achieve everything. The truth is that those “secrets” are nothing more than well-presented useless information that seems like an expert create it. There are so many similar articles and strategies out there that brings the wrong ideas to traders for guaranteed profit and success. They are just another marketing scheme that a lot of people have been using, which you should always let it slip past. There are no proven methods of which most of these are advertising for, and they are mostly based on lack of knowledge, rather than being based on the opinions of the current market situations.
These “secret” articles and strategies are frequently written and published on the internet every day. A large number of traders in the forex community around the world are mostly very easily tempted to earning a large profit and to become successful. You can’t really say its “secret” or “special” when everybody around the world knows it and can access it easily just by going on the internet. Choices of vocabularies such as secrets, special or successful are very powerful. These are the words that draw those innocent tempted traders in just to present not so secret information.
The forex market does not take breaks. It moves up and down continuously. There is no time for you to be looking up unnecessary, useless so-called secrets to waste your time.
There are many such 'secrets' for sale all over the market. The thing is how can you know it is worth it or whether it is working? It is always better to find out your own secrets and trade accordinglly.
Jul 25 2019 at 14:42
Stock market sell off expected later this year. Few people know how to do this.
I bet there are almost no secrets at all anyway. You really need to follow some usual plan like you reinvented in the process of your doings. Thanks for letting me know all that stuff. How do you really want to go inside that matter ? Good reliable honest brokers is a big secret really.
the secret is simple en whe dont have acces to it ....
i trade to make money not to be right
parish posted:
the secret is simple en whe dont have acces to it ....
You are right! How secret system can public actually? By the way, there is nothing like secret strategy; it’s all about chart reading skill & news analysis!
Jul 28 2019 at 12:05
You mean 100% strike rate winnings???...I operate 95% strike rate not 100% (because sometimes i do scratch out of trades or break even and i trade larger volumes (millions in usd),especially if there is news releases like elections,disasters and terror.i do close all my trades and sometimes they are in negative 0.2% drawdown e.t.c).
To answer you question.Yes its possible.
Your question reminds of me a guy whom i am currently helping with his portfolio.His equity growth was bouncing up and down and he was stuck. He struggled with consistency.Check his perfomance before i took his project out i have included below.
its still early days in this project,if i am not mistaken i think i have taken his account for about 2weeks only and he his already excited so far,so im also hoping to spark something in him that one day he'll appear on cnbc africa and proudly say i motivated and changed his life when he was about to loose all hope and quit on his dreams.
I just took the project to show the gentleman that its possible to win 90-100% in the forex market.I am currently trying to convince show him that forex trading is not a scam.
By the way the guy quit his job and those are his savings and i just felt sorry for him and took him on.
Forex trading is not a scam and yes there are secrets to it.
#But the most important thing is to understand that strategies are not all rounders.(that is what is killing most of you.)A forex strategy can never work on all market conditions.For it to work well it has to have certain market conditions.
That is the difference between people like me and you in this business.
To answer you question.Yes its possible.
Your question reminds of me a guy whom i am currently helping with his portfolio.His equity growth was bouncing up and down and he was stuck. He struggled with consistency.Check his perfomance before i took his project out i have included below.
its still early days in this project,if i am not mistaken i think i have taken his account for about 2weeks only and he his already excited so far,so im also hoping to spark something in him that one day he'll appear on cnbc africa and proudly say i motivated and changed his life when he was about to loose all hope and quit on his dreams.
I just took the project to show the gentleman that its possible to win 90-100% in the forex market.I am currently trying to convince show him that forex trading is not a scam.
By the way the guy quit his job and those are his savings and i just felt sorry for him and took him on.
Forex trading is not a scam and yes there are secrets to it.
#But the most important thing is to understand that strategies are not all rounders.(that is what is killing most of you.)A forex strategy can never work on all market conditions.For it to work well it has to have certain market conditions.
That is the difference between people like me and you in this business.
i owe my being to All the giants of the Industry whose shoulders i am stanging on Today.
AniLorak posted:i mean :parish posted:
the secret is simple en whe dont have acces to it ....
You are right! How secret system can public actually? By the way, there is nothing like secret strategy; it’s all about chart reading skill & news analysis!
the secret L3 orderbook that the brokers en market makers have acces to whe dont have as retail s
that s why 90 % off the retail is loosing
i trade to make money not to be right
Jul 29 2019 at 05:39
parish posted:AniLorak posted:i mean :parish posted:
the secret is simple en whe dont have acces to it ....
You are right! How secret system can public actually? By the way, there is nothing like secret strategy; it’s all about chart reading skill & news analysis!
the secret L3 orderbook that the brokers en market makers have acces to whe dont have as retail s
that s why 90 % off the retail is loosing
Yes, no doubt a number of traders are losing money here! Only 10% traders are consistent here!
Jul 29 2019 at 07:56
EMFXCAPITAL posted:LgIndustries posted:Talk big but nothing to show... The LGI your are the biggest scammer here. People here sharing to find tuning and discuss maybe can come out with something. Prooove It, Dont came and talking rubbish....!
You mean 100% strike rate winnings???...I operate 95% strike rate not 100% (because sometimes i do scratch out of trades or break even and i trade larger volumes (millions in usd),especially if there is news releases like elections,disasters and terror.i do close all my trades and sometimes they are in negative 0.2% drawdown e.t.c).
To answer you question.Yes its possible.
Your question reminds of me a guy whom i am currently helping with his portfolio.His equity growth was bouncing up and down and he was stuck. He struggled with consistency.Check his perfomance before i took his project out i have included below.
its still early days in this project,if i am not mistaken i think i have taken his account for about 2weeks only and he his already excited so far,so im also hoping to spark something in him that one day he'll appear on cnbc africa and proudly say i motivated and changed his life when he was about to loose all hope and quit on his dreams.
I just took the project to show the gentleman that its possible to win 90-100% in the forex market.I am currently trying to convince show him that forex trading is not a scam.
By the way the guy quit his job and those are his savings and i just felt sorry for him and took him on.
Forex trading is not a scam and yes there are secrets to it.
#But the most important thing is to understand that strategies are not all rounders.(that is what is killing most of you.)A forex strategy can never work on all market conditions.For it to work well it has to have certain market conditions.
That is the difference between people like me and you in this business.
The secret strategy is manual trading; using others trading strategy means; meaningless!
Adribaasmet posted:EMFXCAPITAL posted:LgIndustries posted:Talk big but nothing to show... The LGI your are the biggest scammer here. People here sharing to find tuning and discuss maybe can come out with something. Prooove It, Dont came and talking rubbish....!
You mean 100% strike rate winnings???...I operate 95% strike rate not 100% (because sometimes i do scratch out of trades or break even and i trade larger volumes (millions in usd),especially if there is news releases like elections,disasters and terror.i do close all my trades and sometimes they are in negative 0.2% drawdown e.t.c).
To answer you question.Yes its possible.
Your question reminds of me a guy whom i am currently helping with his portfolio.His equity growth was bouncing up and down and he was stuck. He struggled with consistency.Check his perfomance before i took his project out i have included below.
its still early days in this project,if i am not mistaken i think i have taken his account for about 2weeks only and he his already excited so far,so im also hoping to spark something in him that one day he'll appear on cnbc africa and proudly say i motivated and changed his life when he was about to loose all hope and quit on his dreams.
I just took the project to show the gentleman that its possible to win 90-100% in the forex market.I am currently trying to convince show him that forex trading is not a scam.
By the way the guy quit his job and those are his savings and i just felt sorry for him and took him on.
Forex trading is not a scam and yes there are secrets to it.
#But the most important thing is to understand that strategies are not all rounders.(that is what is killing most of you.)A forex strategy can never work on all market conditions.For it to work well it has to have certain market conditions.
That is the difference between people like me and you in this business.
The secret strategy is manual trading; using others trading strategy means; meaningless!
Yeah but what kind of manual trading, what strategy? Just saying manual trading is very vague.
Manual trading means; trading manually within any automatic trading software! Basically, manual traders follow the market chart & news trading!
Farbious posted:the problem stays the same because whe dont have the same info ....Adribaasmet posted:EMFXCAPITAL posted:LgIndustries posted:Talk big but nothing to show... The LGI your are the biggest scammer here. People here sharing to find tuning and discuss maybe can come out with something. Prooove It, Dont came and talking rubbish....!
You mean 100% strike rate winnings???...I operate 95% strike rate not 100% (because sometimes i do scratch out of trades or break even and i trade larger volumes (millions in usd),especially if there is news releases like elections,disasters and terror.i do close all my trades and sometimes they are in negative 0.2% drawdown e.t.c).
To answer you question.Yes its possible.
Your question reminds of me a guy whom i am currently helping with his portfolio.His equity growth was bouncing up and down and he was stuck. He struggled with consistency.Check his perfomance before i took his project out i have included below.
its still early days in this project,if i am not mistaken i think i have taken his account for about 2weeks only and he his already excited so far,so im also hoping to spark something in him that one day he'll appear on cnbc africa and proudly say i motivated and changed his life when he was about to loose all hope and quit on his dreams.
I just took the project to show the gentleman that its possible to win 90-100% in the forex market.I am currently trying to convince show him that forex trading is not a scam.
By the way the guy quit his job and those are his savings and i just felt sorry for him and took him on.
Forex trading is not a scam and yes there are secrets to it.
#But the most important thing is to understand that strategies are not all rounders.(that is what is killing most of you.)A forex strategy can never work on all market conditions.For it to work well it has to have certain market conditions.
That is the difference between people like me and you in this business.
The secret strategy is manual trading; using others trading strategy means; meaningless!
Yeah but what kind of manual trading, what strategy? Just saying manual trading is very vague.
like the brokers en market makers have ....
they know where all the sellers en buyer s are to anticipate against them .
so they have the advance against us
i trade to make money not to be right
Jul 29 2019 at 16:14
In response to the OP. There are some details that might help a unique trading situation - like preferred trading times etc, that may (or may not) help but definitely do not count as 'secrets'. I finally was able to turn my bad trading into a success a year or two ago, and this was because of research I did for myself, countless demoing, more research, interacting with others and a tad of obsession.
There were no 'secrets' that I suddenly became aware of by paying someone. Of course there were many scammers.
Only 7% of traders actually 'make it' at the end of the day.
Spend your time and efforts with them.
There were no 'secrets' that I suddenly became aware of by paying someone. Of course there were many scammers.
Only 7% of traders actually 'make it' at the end of the day.
Spend your time and efforts with them.
If you want to go fast, go alone. If you want to go far..Go together..
trendfollowers posted:
In response to the OP. There are some details that might help a unique trading situation - like preferred trading times etc, that may (or may not) help but definitely do not count as 'secrets'. I finally was able to turn my bad trading into a success a year or two ago, and this was because of research I did for myself, countless demoing, more research, interacting with others and a tad of obsession.
There were no 'secrets' that I suddenly became aware of by paying someone. Of course there were many scammers.
Only 7% of traders actually 'make it' at the end of the day.
Spend your time and efforts with them.
Yes; the percentage is below 10%! That’s tells the real challenge!
AmDiab posted:i dont know why peoles always try to romantice something ?trendfollowers posted:
In response to the OP. There are some details that might help a unique trading situation - like preferred trading times etc, that may (or may not) help but definitely do not count as 'secrets'. I finally was able to turn my bad trading into a success a year or two ago, and this was because of research I did for myself, countless demoing, more research, interacting with others and a tad of obsession.
There were no 'secrets' that I suddenly became aware of by paying someone. Of course there were many scammers.
Only 7% of traders actually 'make it' at the end of the day.
Spend your time and efforts with them.
Yes; the percentage is below 10%! That’s tells the real challenge!
but the real truth is that the brokers en market are in advantage
mode against us retail brokers because they have more info than us
that is why they have abigger win ratio than us ...
thats the secret nobody likes to talk about ;;;
i trade to make money not to be right
Your point is really logical; but till now no one can hold your success if you try hand so honestly!
Jul 31 2019 at 05:12
All of the brokers are not same! Only market makers have the tendency to trade against the traders!
Obviously if there are strategies to make more profits in Forex but these are all personal and the most expert have them thanks to their extensive knowledge of the market and the analyses they perform before making the move, having so many years evaluating the market behavior and evaluating the social fields that influence it know when it is the exact moment to make a very big investment that despite having a great risk they end up realizing it and generates such incredible profits that everyone wants, but there is no trick or something like that to get a big credit 100% safe, every big investment carries a big risk.
There is one trade secret: there are no secrets.
Everyone chooses his own strategy. The strategy may be unsuccessful, or it may be profitable. It must be remembered that the market is changing and a successful strategy can turn into a failure.
Experiment and find your strategy.
Everyone chooses his own strategy. The strategy may be unsuccessful, or it may be profitable. It must be remembered that the market is changing and a successful strategy can turn into a failure.
Experiment and find your strategy.
