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Investing in Forex
Členom od Aug 05, 2019
50 príspevkov
Sep 12, 2019 at 06:01
Členom od Aug 05, 2019
50 príspevkov
Greenwood posted:
So many people don't seem to have any patience when trading....then they wonder why they blow their acount
I agree…Many traders enter the forex market every day, but many of them fail because they focus too much time on creating just the trading strategies which leaves them with little or no energy to develop proper discipline and they let emotions rule their mind.
Členom od Apr 13, 2018
22 príspevkov
Sep 12, 2019 at 08:09
Členom od Apr 13, 2018
22 príspevkov
Professional4X posted:pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled
If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.
automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.
Be in time
Členom od Sep 12, 2019
9 príspevkov
Sep 12, 2019 at 08:39
Členom od Sep 12, 2019
9 príspevkov
TaloR_11 posted:Professional4X posted:pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled
If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.
automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.
True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot
Členom od Jan 05, 2016
1189 príspevkov
Sep 12, 2019 at 10:32
Členom od Jan 05, 2016
1189 príspevkov
TaloR_11 posted:Professional4X posted:pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled
If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.
automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.
Properly designed automated systems require minimal if any human interaction.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Jan 05, 2016
1189 príspevkov
Sep 12, 2019 at 10:32
Členom od Jan 05, 2016
1189 príspevkov
burstfiltering posted:TaloR_11 posted:Professional4X posted:pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled
If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.
automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.
True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot
WRONG.
Properly built automated systems work across ALL market conditions.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Feb 05, 2019
43 príspevkov
Sep 16, 2019 at 11:30
Členom od Feb 05, 2019
43 príspevkov
Professional4X posted:burstfiltering posted:TaloR_11 posted:Professional4X posted:pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled
If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.
automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.
True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot
WRONG.
Properly built automated systems work across ALL market conditions.
Is there on myfxbook any of such system? I have never seen the EA that works with any conditions.
my experience is my profit
Členom od Jan 05, 2016
1189 príspevkov
Sep 16, 2019 at 17:18
Členom od Jan 05, 2016
1189 príspevkov
Prest posted:Professional4X posted:burstfiltering posted:TaloR_11 posted:Professional4X posted:pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled
If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.
automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.
True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot
WRONG.
Properly built automated systems work across ALL market conditions.
Is there on myfxbook any of such system? I have never seen the EA that works with any conditions.
They exist.
But you aren't going to find people selling them for $99,95 or whatever absurd price people are willing to pay for a hyped up EA.
Ask yourself a simple question, if you had an automated system that no one else has, that is constantly and consistently making you a solid profit across all market conditions, why would anyone sell it? They wouldn't. Why sell something worth BILLIONS of dollars possibly in profits.
The answer is simple, NO, You wont find it on MyFXBook or any place else available to the general public,
They exist in private collections, built by Quants and Developers that know what they are doing. If you want one of those kinds of systems, then you have to be prepared to devote years of your life developing them and a considerable amount of money to get them, and you have to actually know what you are doing.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Jan 05, 2016
1189 príspevkov
Sep 16, 2019 at 17:49
Členom od Jan 05, 2016
1189 príspevkov
Even systems that work across all market conditions lose trades. They aren't the Mythical 'Holy Grail', those simply do not exist, The closest you will get to a pure win only system, is by using latency arbitrage. And while that would work, your broker will quickly catch on, and they'll freeze your account. There are systems that do exist that will make profits across all market conditions. But, as I've said you simply won't find them being sold for $99,95 or whatever. Why WOULD they sell them? They'd have no need for anyone to give them money, they would be extremely wealthy, or at least well off enough to never need to sell it.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Apr 18, 2017
718 príspevkov
Sep 25, 2019 at 15:12
Členom od Apr 18, 2017
718 príspevkov
Professional4X posted:
Even systems that work across all market conditions lose trades. They aren't the Mythical 'Holy Grail', those simply do not exist, The closest you will get to a pure win only system, is by using latency arbitrage. And while that would work, your broker will quickly catch on, and they'll freeze your account. There are systems that do exist that will make profits across all market conditions. But, as I've said you simply won't find them being sold for $99,95 or whatever. Why WOULD they sell them? They'd have no need for anyone to give them money, they would be extremely wealthy, or at least well off enough to never need to sell it.
Basically; there is nothing like Holy Grail in Forex; since it’s a decentralize market! so; expecting 100% profit is an illusion here!
Členom od Jan 05, 2016
1189 príspevkov
Sep 26, 2019 at 08:23
Členom od Jan 05, 2016
1189 príspevkov
AmDiab posted:Professional4X posted:
Even systems that work across all market conditions lose trades. They aren't the Mythical 'Holy Grail', those simply do not exist, The closest you will get to a pure win only system, is by using latency arbitrage. And while that would work, your broker will quickly catch on, and they'll freeze your account. There are systems that do exist that will make profits across all market conditions. But, as I've said you simply won't find them being sold for $99,95 or whatever. Why WOULD they sell them? They'd have no need for anyone to give them money, they would be extremely wealthy, or at least well off enough to never need to sell it.
Basically; there is nothing like Holy Grail in Forex; since it’s a decentralize market! so; expecting 100% profit is an illusion here!
Exactly.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Sep 26, 2019
11 príspevkov
Sep 26, 2019 at 08:47
Členom od Sep 26, 2019
11 príspevkov
Holy grail doesn't need to be 100% win rate but needs to be a strategy that really works and one can use it day in day out and at the end of the year you will be nicely in profit. For me that is the holy grail
Členom od Feb 22, 2011
4862 príspevkov
Sep 26, 2019 at 11:25
Členom od Feb 22, 2011
4862 príspevkov
Debtless posted:
Holy grail doesn't need to be 100% win rate but needs to be a strategy that really works and one can use it day in day out and at the end of the year you will be nicely in profit. For me that is the holy grail
There are actually no holy grails
ANd if there were any, nobody would share nor sell them,
as such holygrail would make enough profit just trading your own funds,
no need to deal with demanding clients.
Členom od Sep 27, 2019
10 príspevkov
Sep 27, 2019 at 11:15
Členom od Sep 27, 2019
10 príspevkov
togr posted:Debtless posted:
Holy grail doesn't need to be 100% win rate but needs to be a strategy that really works and one can use it day in day out and at the end of the year you will be nicely in profit. For me that is the holy grail
There are actually no holy grails
ANd if there were any, nobody would share nor sell them,
as such holygrail would make enough profit just trading your own funds,
no need to deal with demanding clients.
Don't you consider yourself to have the holy grail? Your accounts seem to be performing well.
Členom od Feb 22, 2011
4862 príspevkov
Sep 27, 2019 at 12:10
Členom od Feb 22, 2011
4862 príspevkov
pleasingoink posted:Nope.togr posted:Debtless posted:
Holy grail doesn't need to be 100% win rate but needs to be a strategy that really works and one can use it day in day out and at the end of the year you will be nicely in profit. For me that is the holy grail
There are actually no holy grails
ANd if there were any, nobody would share nor sell them,
as such holygrail would make enough profit just trading your own funds,
no need to deal with demanding clients.
Don't you consider yourself to have the holy grail? Your accounts seem to be performing well.
I have just developed a portfolio of different systems to make a decent profit each month.
I did stop looking for holy grail as it is waste of time
Členom od Aug 27, 2017
994 príspevkov
Sep 28, 2019 at 10:55
Členom od Aug 27, 2017
994 príspevkov
togr posted:Debtless posted:
Holy grail doesn't need to be 100% win rate but needs to be a strategy that really works and one can use it day in day out and at the end of the year you will be nicely in profit. For me that is the holy grail
There are actually no holy grails
ANd if there were any, nobody would share nor sell them,
as such holygrail would make enough profit just trading your own funds,
no need to deal with demanding clients.
Basically; scammers are active on online marketing use this type of key word for selling their product!
Členom od Oct 24, 2019
45 príspevkov
Nov 26, 2019 at 11:56
Členom od Oct 24, 2019
45 príspevkov
Some new traders who are working full time jobs which can limit their time and effort for trading Remember your success depends on you as much you will learn and experience, It needs a lot of learning and experience to reach desired profits so before you invest your learning is must .
Revenue is vanity, profit is sanity, but cash is king
Členom od Aug 27, 2017
994 príspevkov
Nov 26, 2019 at 15:08
Členom od Aug 27, 2017
994 príspevkov
Baazex posted:
Some new traders who are working full time jobs which can limit their time and effort for trading Remember your success depends on you as much you will learn and experience, It needs a lot of learning and experience to reach desired profits so before you invest your learning is must .
But for the beginners till now part-time trading is much better choice; since the success ratio is below 10% in Forex! And there is no guarantee.
Členom od Feb 22, 2011
4862 príspevkov
Nov 27, 2019 at 08:28
Členom od Feb 22, 2011
4862 príspevkov
togr posted:pleasingoink posted:Nope.togr posted:Debtless posted:
Holy grail doesn't need to be 100% win rate but needs to be a strategy that really works and one can use it day in day out and at the end of the year you will be nicely in profit. For me that is the holy grail
There are actually no holy grails
ANd if there were any, nobody would share nor sell them,
as such holygrail would make enough profit just trading your own funds,
no need to deal with demanding clients.
Don't you consider yourself to have the holy grail? Your accounts seem to be performing well.
I have just developed a portfolio of different systems to make a decent profit each month.
I did stop looking for holy grail as it is waste of time
Recently I am finishing 6 months testing of trading for system which makes more monthly profit than max DD.
So monthly profit is about 5% and max DD 4%. For me it is sufficient. I do not need a holy grail if the system's performance remains like it is :)
Členom od Aug 27, 2017
994 príspevkov
Nov 27, 2019 at 14:20
Členom od Aug 27, 2017
994 príspevkov
Roberto21 posted:
Forex market is so complicated above all when you are a beginner , and there is lots of chances to take wrong decision even when choosing a broker . so the importance of a fx mentor is more. but dont fall a scam , good luck
Got your point; but as you know it’s not an available option to all: manage a FX mentor!
Členom od Oct 24, 2019
45 príspevkov
Nov 28, 2019 at 11:29
Členom od Oct 24, 2019
45 príspevkov
Choosing a right broker for you is a bit complicated as there are many factors the broker should be experienced , must have technical trading skills and knowledge he must be regulated and have transperancy.
Revenue is vanity, profit is sanity, but cash is king
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