Honest truth about forex.....
FXtrader2010
Miembro desde May 20, 2011
724 mensajes
Oct 31 2015 at 20:41
focusedfinance posted:
Question - if a trading system has an edge, and say that edge exhibits itself over say 'x' trades, surely things like 1% or 3% or whatever rules don't matter?
All you need is to have enough money in your account for your system to display its edge.
You need to define what edge is. You need to collect the data which exhibits with what risk model will give you what maximum risk in terms of relative drawdown and maximum drawdown and from there form a base psychology mindset to accepting that risk and being comfortable with trading that amount of risk. .
You going to need to be a lot more specific if you expect any type of answer to yourself.
focusedfinance
Miembro desde Apr 04, 2010
14 mensajes
Nov 02 2015 at 19:04
Edge would be a system or approach where the sum of wins is greater than sum of losses
Drawdown (objectively) is less important. Edge / profit factor implies that drawdowns will be recovered. Base psychology would be that an individual outcome is random, but a large number of random outcomes creates profitability.
Drawdown (objectively) is less important. Edge / profit factor implies that drawdowns will be recovered. Base psychology would be that an individual outcome is random, but a large number of random outcomes creates profitability.
If you like it, buy it. If you don't sell it.
Samsu_samsul
Miembro desde Oct 27, 2015
10 mensajes
Nov 13 2015 at 10:35
kmartyn posted:
3. Worry about entries less and focus on how you're going to exit the trade that makes the most sense. Once you're in the market manage that position.
I agree with this one. stay focus to your position and make sure you're really ready to handle that position...
Break Forex
(breakforex)
Miembro desde Oct 20, 2009
41 mensajes
Nov 16 2015 at 11:47
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
kieran
(snapdragon1970)
Miembro desde Sep 12, 2015
1943 mensajes
Nov 16 2015 at 15:56
breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
"They mistook leverage with genius".
Ari Goldman
(arigoldman)
Miembro desde Oct 02, 2014
907 mensajes
Nov 16 2015 at 21:15
It's a matter of personal motives.
Positivity
Andika_anjani
Miembro desde Oct 29, 2015
10 mensajes
Nov 17 2015 at 08:29
snapdragon1970 posted:breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
That's why we are here, a place where pros and newbies exist. Shares some thoughts and experiences and let newbies discover it...
JenalAripin
Miembro desde Oct 30, 2015
10 mensajes
Nov 18 2015 at 07:54
Andika_anjani posted:snapdragon1970 posted:breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
That's why we are here, a place where pros and newbies exist. Shares some thoughts and experiences and let newbies discover it...
Yup, forex communities/forums is a good place for both pros and newbies to share any kind of questions/informations, just like what we're doing here...
Apip Saepudin
(Apipfx)
Miembro desde Oct 14, 2015
13 mensajes
Nov 24 2015 at 07:33
JenalAripin posted:Andika_anjani posted:snapdragon1970 posted:breakforex posted:
Learn Good Habits from Good Traders .. this is the fastest way for sure success.
Yes learn from the best you can find
That's why we are here, a place where pros and newbies exist. Shares some thoughts and experiences and let newbies discover it...
Yup, forex communities/forums is a good place for both pros and newbies to share any kind of questions/informations, just like what we're doing here...
Some might get themselves involved in traders community when they're not much active on forums, but that's the same thing...