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There is no silver bullet or guarantees in trading, so stop looking/asking,

James_Bond
Nov 05 2012 at 15:13
556 príspevkov
Jeff5796 posted:
How we can be sure everytime we can get 1:2 ratio of risk and reward or better? Sometimes when the signal is out, the trend is already half way.


It's hard to assess it during the trade as trade setups often change stop loss and take profit targets, unless it's a trade with predetermined targets - in such case just check the ratio between the take profit and stop loss.

cfxsignals (cfxsignals)
Nov 06 2012 at 22:08
18 príspevkov
nzkiwi posted:
I agree. A recent statistic was published recently that 56% of trades are correct in direction. But only 5% of traders make money. That means that the 46% of losing trades lost more money than the 56% winning trades.


Where was that statistic published? I would be interested to know the source if you please :)

The only way to get smarter is by playing a smarter opponent
dangomango
Dec 15 2012 at 15:33
1 príspevkov
confidence, knowledge, experience, discipline, mindset, self-awareness, money management and a lot more are keys to success!

vijayinvites (vijayinvites)
Dec 18 2012 at 20:54
106 príspevkov
cfxsignals posted:
nzkiwi posted:
I agree. A recent statistic was published recently that 56% of trades are correct in direction. But only 5% of traders make money. That means that the 46% of losing trades lost more money than the 56% winning trades.


Where was that statistic published? I would be interested to know the source if you please :)
.

here it is

https://www.tradingmarkets.com/.site/forex/how_to/articles/Why-the-Risk-to-Reward-Ratio-is-Overrated-80805.cfm

Gary Sharp myfxpt com
myfxpt
Jan 07 2013 at 06:48
345 príspevkov
Jeff5796 posted:
How we can be sure everytime we can get 1:2 ratio of risk and reward or better? Sometimes when the signal is out, the trend is already half way.


We can never be sure, however, applying TD_Trendlines and TD_Projections will enable you to screen for those trades offering best potential. A TD_Projection gives a precise take-profit point, and you can use this to determine the risk/reward of a particularly trade set-up BEFORE taking the plunge.

supertrader91
Jan 09 2013 at 16:26
82 príspevkov
There is a silver bullet and that is the skill to spot opportunity. Luck = prepararation meets opportunity.
I am trying to do this consistently. Track my account :) https://www.myfxbook.com/members/supertrader91/superb/450775

If you work hard consistently eventually you will get it.
TheLastBear
Jan 11 2013 at 12:54
186 príspevkov
I agree that there is no silver bullet and those who waste their time asking are better advised to learn a strategy that works for them and execute that. I have been following my broker's trading recommendations and added them to my portfolio. It allows my to profit on average 250 pips per week and they have not had a losing week since I started to follow them.

Pax puts the X in Forex.
Silbertrader
Feb 08 2013 at 06:25
1 príspevkov
I am still relativley knew but what I understand is that you need to learn what works and hase always worked and then impliment that day in day out with out trying to reeinvent the weel ore comming up with some fancy new trading strategy. At the end it's all about risk managment beeing patient looking at supply and demand and using a strategy that wins more than it looses aswell ase keeping those loosing days small. Not easy to do but I am slowly but surely getting there

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