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Hello everyone
Участник с Feb 07, 2019
44 комментариев
Feb 21, 2019 at 13:02
Участник с Feb 07, 2019
44 комментариев
AlHashim posted:togr posted:walpants posted:
hello and welcome, im new to, im doing a lot of reading on here, there is some very good advice on here.
I would not say you get proper education here on MFB
The forums are very good for tips and specific questions but there is better educational material in other places
of coarse, i am finding material from all over to add to my education.
Участник с Feb 13, 2019
10 комментариев
Feb 24, 2019 at 07:24
Участник с Feb 13, 2019
10 комментариев
have you tried babypips? they have a lot of great info for total beginner
Участник с Mar 02, 2017
46 комментариев
Feb 24, 2019 at 13:19
Участник с Mar 02, 2017
46 комментариев
After 4 years studying Forex I learned something called Positive Expectancy.
For example, in roulete game, your positive expectancy is:
Winning% - 1/38
Losing % - 37/38
Reward - 36
Loss - 1
Positive Expectancy = Winning% x Reward - Losing% x Loss
PE = 1/38 × 36 - 37/38 ×1
PE = 36/38 - 37/38
PE = -1/38 = - 2.63%
In short, no matter what you do, the house (Casino) has an edge. You only have luck to win the house...
But Casino has an insurance against lucky players: a max bet value.
But in Financial Markets, you need to do like Casino: a positive expectancy strategy with small bets in the long run.
Let's say your strategy has a winning ratio of 40%, a reward of 2, and you trade 20 positions a month, risking 0.5% per trade...
20 × 40% = 8 winning trades = 8 x 2 x 0.5% = 8% reward
20 x 60% = 12 losing trades = 12 x 1 x 0.5% = 6% loss
Monthly profit = 2%.
A 2% strategy means 27% a year... not bad, because 70% of retail traders fails! Why?
They don't have a strategy, they don't have money management. They only trust in luck.
If you want to win in market, you need:
1) a strategy where you know your risk (loss)
2) a strategy where you know your reward (profit)
3) a strategy where you know your winning ratio.
These 3 questions are not answered by 99% of Expert Advisors. Because Martingale/Grid/Averaging strategies (very common in these EAs) doesn't have a known risk. If a trade goes wrong, these EAs increase the risk in a new trade, to cover the previous loss and make some profit.
3 months of backtesting in a strategy that answer these 3 questions is enough. 1/3 months in foward test in a demo account is enough. Start small in real account, and be happy!
For example, in roulete game, your positive expectancy is:
Winning% - 1/38
Losing % - 37/38
Reward - 36
Loss - 1
Positive Expectancy = Winning% x Reward - Losing% x Loss
PE = 1/38 × 36 - 37/38 ×1
PE = 36/38 - 37/38
PE = -1/38 = - 2.63%
In short, no matter what you do, the house (Casino) has an edge. You only have luck to win the house...
But Casino has an insurance against lucky players: a max bet value.
But in Financial Markets, you need to do like Casino: a positive expectancy strategy with small bets in the long run.
Let's say your strategy has a winning ratio of 40%, a reward of 2, and you trade 20 positions a month, risking 0.5% per trade...
20 × 40% = 8 winning trades = 8 x 2 x 0.5% = 8% reward
20 x 60% = 12 losing trades = 12 x 1 x 0.5% = 6% loss
Monthly profit = 2%.
A 2% strategy means 27% a year... not bad, because 70% of retail traders fails! Why?
They don't have a strategy, they don't have money management. They only trust in luck.
If you want to win in market, you need:
1) a strategy where you know your risk (loss)
2) a strategy where you know your reward (profit)
3) a strategy where you know your winning ratio.
These 3 questions are not answered by 99% of Expert Advisors. Because Martingale/Grid/Averaging strategies (very common in these EAs) doesn't have a known risk. If a trade goes wrong, these EAs increase the risk in a new trade, to cover the previous loss and make some profit.
3 months of backtesting in a strategy that answer these 3 questions is enough. 1/3 months in foward test in a demo account is enough. Start small in real account, and be happy!
Trade safely... Remember, a high Drawdown means a high risk!
Участник с Feb 08, 2019
200 комментариев
Feb 24, 2019 at 13:50
Участник с Feb 08, 2019
200 комментариев
BipinBike posted:
have you tried babypips? they have a lot of great info for total beginner
I agree
Участник с Feb 25, 2019
10 комментариев
Feb 25, 2019 at 13:49
Участник с Feb 25, 2019
10 комментариев
Arcferreira posted:
After 4 years studying Forex I learned something called Positive Expectancy.
For example, in roulete game, your positive expectancy is:
Winning% - 1/38
Losing % - 37/38
Reward - 36
Loss - 1
Positive Expectancy = Winning% x Reward - Losing% x Loss
PE = 1/38 × 36 - 37/38 ×1
PE = 36/38 - 37/38
PE = -1/38 = - 2.63%
In short, no matter what you do, the house (Casino) has an edge. You only have luck to win the house...
But Casino has an insurance against lucky players: a max bet value.
But in Financial Markets, you need to do like Casino: a positive expectancy strategy with small bets in the long run.
Let's say your strategy has a winning ratio of 40%, a reward of 2, and you trade 20 positions a month, risking 0.5% per trade...
20 × 40% = 8 winning trades = 8 x 2 x 0.5% = 8% reward
20 x 60% = 12 losing trades = 12 x 1 x 0.5% = 6% loss
Monthly profit = 2%.
A 2% strategy means 27% a year... not bad, because 70% of retail traders fails! Why?
They don't have a strategy, they don't have money management. They only trust in luck.
If you want to win in market, you need:
1) a strategy where you know your risk (loss)
2) a strategy where you know your reward (profit)
3) a strategy where you know your winning ratio.
These 3 questions are not answered by 99% of Expert Advisors. Because Martingale/Grid/Averaging strategies (very common in these EAs) doesn't have a known risk. If a trade goes wrong, these EAs increase the risk in a new trade, to cover the previous loss and make some profit.
3 months of backtesting in a strategy that answer these 3 questions is enough. 1/3 months in foward test in a demo account is enough. Start small in real account, and be happy!
You make a very interesting point but the hard part for me has been finding a strategy that yields just 2%. Most strategy I try end up losing a lot not matter what I do
Участник с Feb 10, 2019
52 комментариев
Mar 05, 2019 at 07:25
Участник с Feb 10, 2019
52 комментариев
I agree, Babypips is really helpful!
Участник с Feb 11, 2019
27 комментариев
Mar 10, 2019 at 06:47
Участник с Feb 11, 2019
27 комментариев
hi and welcome! I have to say I love babypips, very good resource
Участник с Feb 07, 2019
44 комментариев
Mar 12, 2019 at 09:30
Участник с Feb 07, 2019
44 комментариев
babypips and youtube have some great stuff.
Участник с Feb 08, 2019
23 комментариев
Участник с Mar 20, 2019
10 комментариев
Mar 24, 2019 at 07:07
Участник с Mar 20, 2019
10 комментариев
i agree with most here, babypips is the best place to learn
Участник с Feb 08, 2019
200 комментариев
Mar 25, 2019 at 06:55
Участник с Feb 08, 2019
200 комментариев
AharonGorion posted:Arcferreira posted:
After 4 years studying Forex I learned something called Positive Expectancy.
For example, in roulete game, your positive expectancy is:
Winning% - 1/38
Losing % - 37/38
Reward - 36
Loss - 1
Positive Expectancy = Winning% x Reward - Losing% x Loss
PE = 1/38 × 36 - 37/38 ×1
PE = 36/38 - 37/38
PE = -1/38 = - 2.63%
In short, no matter what you do, the house (Casino) has an edge. You only have luck to win the house...
But Casino has an insurance against lucky players: a max bet value.
But in Financial Markets, you need to do like Casino: a positive expectancy strategy with small bets in the long run.
Let's say your strategy has a winning ratio of 40%, a reward of 2, and you trade 20 positions a month, risking 0.5% per trade...
20 × 40% = 8 winning trades = 8 x 2 x 0.5% = 8% reward
20 x 60% = 12 losing trades = 12 x 1 x 0.5% = 6% loss
Monthly profit = 2%.
A 2% strategy means 27% a year... not bad, because 70% of retail traders fails! Why?
They don't have a strategy, they don't have money management. They only trust in luck.
If you want to win in market, you need:
1) a strategy where you know your risk (loss)
2) a strategy where you know your reward (profit)
3) a strategy where you know your winning ratio.
These 3 questions are not answered by 99% of Expert Advisors. Because Martingale/Grid/Averaging strategies (very common in these EAs) doesn't have a known risk. If a trade goes wrong, these EAs increase the risk in a new trade, to cover the previous loss and make some profit.
3 months of backtesting in a strategy that answer these 3 questions is enough. 1/3 months in foward test in a demo account is enough. Start small in real account, and be happy!
You make a very interesting point but the hard part for me has been finding a strategy that yields just 2%. Most strategy I try end up losing a lot not matter what I do
Doesn't have to be 2%. You can set yourself free with 0.5% edge or even lower
Участник с Jul 12, 2018
23 комментариев
Apr 01, 2019 at 08:15
Участник с Jul 12, 2018
23 комментариев
Mikelsius posted:
I have been training for some time and now I am in the test phase in demo accounts :)
I'm from Barcelona, regards!
Hi! And how is your trading going now? I'm sure you have found yourself a profitable strategy?
Участник с Feb 22, 2011
4573 комментариев
Apr 01, 2019 at 10:29
Участник с Feb 22, 2011
4573 комментариев
Treeny posted:AharonGorion posted:Arcferreira posted:
After 4 years studying Forex I learned something called Positive Expectancy.
For example, in roulete game, your positive expectancy is:
Winning% - 1/38
Losing % - 37/38
Reward - 36
Loss - 1
Positive Expectancy = Winning% x Reward - Losing% x Loss
PE = 1/38 × 36 - 37/38 ×1
PE = 36/38 - 37/38
PE = -1/38 = - 2.63%
In short, no matter what you do, the house (Casino) has an edge. You only have luck to win the house...
But Casino has an insurance against lucky players: a max bet value.
But in Financial Markets, you need to do like Casino: a positive expectancy strategy with small bets in the long run.
Let's say your strategy has a winning ratio of 40%, a reward of 2, and you trade 20 positions a month, risking 0.5% per trade...
20 × 40% = 8 winning trades = 8 x 2 x 0.5% = 8% reward
20 x 60% = 12 losing trades = 12 x 1 x 0.5% = 6% loss
Monthly profit = 2%.
A 2% strategy means 27% a year... not bad, because 70% of retail traders fails! Why?
They don't have a strategy, they don't have money management. They only trust in luck.
If you want to win in market, you need:
1) a strategy where you know your risk (loss)
2) a strategy where you know your reward (profit)
3) a strategy where you know your winning ratio.
These 3 questions are not answered by 99% of Expert Advisors. Because Martingale/Grid/Averaging strategies (very common in these EAs) doesn't have a known risk. If a trade goes wrong, these EAs increase the risk in a new trade, to cover the previous loss and make some profit.
3 months of backtesting in a strategy that answer these 3 questions is enough. 1/3 months in foward test in a demo account is enough. Start small in real account, and be happy!
You make a very interesting point but the hard part for me has been finding a strategy that yields just 2%. Most strategy I try end up losing a lot not matter what I do
Doesn't have to be 2%. You can set yourself free with 0.5% edge or even lower
It is nice to calculate expectancy when you know you have 8 winning trades and 12 losing trades.
But you never know how many trades will be winning and how many loosing.
Участник с Oct 31, 2018
10 комментариев
Apr 01, 2019 at 12:41
Участник с Oct 31, 2018
10 комментариев
Treeny posted:AharonGorion posted:Arcferreira posted:
After 4 years studying Forex I learned something called Positive Expectancy.
For example, in roulete game, your positive expectancy is:
Winning% - 1/38
Losing % - 37/38
Reward - 36
Loss - 1
Positive Expectancy = Winning% x Reward - Losing% x Loss
PE = 1/38 × 36 - 37/38 ×1
PE = 36/38 - 37/38
PE = -1/38 = - 2.63%
In short, no matter what you do, the house (Casino) has an edge. You only have luck to win the house...
But Casino has an insurance against lucky players: a max bet value.
But in Financial Markets, you need to do like Casino: a positive expectancy strategy with small bets in the long run.
Let's say your strategy has a winning ratio of 40%, a reward of 2, and you trade 20 positions a month, risking 0.5% per trade...
20 × 40% = 8 winning trades = 8 x 2 x 0.5% = 8% reward
20 x 60% = 12 losing trades = 12 x 1 x 0.5% = 6% loss
Monthly profit = 2%.
A 2% strategy means 27% a year... not bad, because 70% of retail traders fails! Why?
They don't have a strategy, they don't have money management. They only trust in luck.
If you want to win in market, you need:
1) a strategy where you know your risk (loss)
2) a strategy where you know your reward (profit)
3) a strategy where you know your winning ratio.
These 3 questions are not answered by 99% of Expert Advisors. Because Martingale/Grid/Averaging strategies (very common in these EAs) doesn't have a known risk. If a trade goes wrong, these EAs increase the risk in a new trade, to cover the previous loss and make some profit.
3 months of backtesting in a strategy that answer these 3 questions is enough. 1/3 months in foward test in a demo account is enough. Start small in real account, and be happy!
You make a very interesting point but the hard part for me has been finding a strategy that yields just 2%. Most strategy I try end up losing a lot not matter what I do
Doesn't have to be 2%. You can set yourself free with 0.5% edge or even lower
I find getting an edge the difficult bit. I have trade the standard strategies but none of them give me the "edge" that means I can beat the market and get some profit. 0.5% would be a vast improvement on the 20% loss that I am currently in
Участник с Mar 03, 2019
57 комментариев
Nov 05, 2019 at 11:31
Участник с Mar 03, 2019
57 комментариев
Atchris posted:yes i started off using Babypips and found it helped a lot.
i agree with most here, babypips is the best place to learn
Участник с Nov 03, 2020
63 комментариев
Jul 06, 2021 at 04:27
Участник с Nov 03, 2020
63 комментариев
I think it's right to learn as much as possible about how the market works and how you can improve your trading system
Участник с Feb 18, 2021
10 комментариев
Jul 22, 2021 at 07:24
Участник с Feb 18, 2021
10 комментариев
Just like many others said, babypips is a good place to learn forex trading. For more sources of forex learning, certain youtube lectures are also worth watching.
Участник с Jul 23, 2020
696 комментариев
Sep 05, 2021 at 13:47
Участник с Jul 23, 2020
696 комментариев
Hello in the forum. It is one of the best communities for traders.
Участник с Apr 16, 2017
37 комментариев
Sep 05, 2021 at 15:21
Участник с Apr 16, 2017
37 комментариев
Mikelsius posted:
I have been training for some time and now I am in the test phase in demo accounts :)
I'm from Barcelona, regards!
Hello mate I wish you all the best
Участник с Mar 28, 2021
586 комментариев
Sep 06, 2021 at 05:40
Участник с Mar 28, 2021
586 комментариев
Hello and welcome to the community. Keep learning and practicing. You will get to know what more you need to do. Best of luck.

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