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Hello everyone
Feb 07, 2019 zamanından beri üye
47 iletiler
Feb 21, 2019 at 13:02
Feb 07, 2019 zamanından beri üye
47 iletiler
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.
Feb 13, 2019 zamanından beri üye
10 iletiler
Feb 24, 2019 at 07:24
Feb 13, 2019 zamanından beri üye
10 iletiler
have you tried babypips? they have a lot of great info for total beginner
Mar 02, 2017 zamanından beri üye
50 iletiler
Feb 24, 2019 at 13:19
Mar 02, 2017 zamanından beri üye
50 iletiler
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!
Feb 08, 2019 zamanından beri üye
213 iletiler
Feb 24, 2019 at 13:50
Feb 08, 2019 zamanından beri üye
213 iletiler
BipinBike posted:
have you tried babypips? they have a lot of great info for total beginner
I agree
Feb 25, 2019 zamanından beri üye
10 iletiler
Feb 25, 2019 at 13:49
Feb 25, 2019 zamanından beri üye
10 iletiler
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
Feb 10, 2019 zamanından beri üye
54 iletiler
Mar 05, 2019 at 07:25
Feb 10, 2019 zamanından beri üye
54 iletiler
I agree, Babypips is really helpful!
Feb 11, 2019 zamanından beri üye
34 iletiler
Mar 10, 2019 at 06:47
Feb 11, 2019 zamanından beri üye
34 iletiler
hi and welcome! I have to say I love babypips, very good resource
Feb 07, 2019 zamanından beri üye
47 iletiler
Mar 12, 2019 at 09:30
Feb 07, 2019 zamanından beri üye
47 iletiler
babypips and youtube have some great stuff.
Feb 08, 2019 zamanından beri üye
21 iletiler
Mar 20, 2019 zamanından beri üye
10 iletiler
Mar 24, 2019 at 07:07
Mar 20, 2019 zamanından beri üye
10 iletiler
i agree with most here, babypips is the best place to learn
Feb 08, 2019 zamanından beri üye
213 iletiler
Mar 25, 2019 at 06:55
Feb 08, 2019 zamanından beri üye
213 iletiler
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
Jul 12, 2018 zamanından beri üye
24 iletiler
Apr 01, 2019 at 08:15
Jul 12, 2018 zamanından beri üye
24 iletiler
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?
Feb 22, 2011 zamanından beri üye
4862 iletiler
Apr 01, 2019 at 10:29
Feb 22, 2011 zamanından beri üye
4862 iletiler
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.
Oct 31, 2018 zamanından beri üye
10 iletiler
Apr 01, 2019 at 12:41
Oct 31, 2018 zamanından beri üye
10 iletiler
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
Mar 03, 2019 zamanından beri üye
57 iletiler
Nov 05, 2019 at 11:31
Mar 03, 2019 zamanından beri üye
57 iletiler
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
Nov 03, 2020 zamanından beri üye
65 iletiler
Jul 06, 2021 at 04:27
Nov 03, 2020 zamanından beri üye
65 iletiler
I think it's right to learn as much as possible about how the market works and how you can improve your trading system
Feb 18, 2021 zamanından beri üye
10 iletiler
Jul 22, 2021 at 07:24
Feb 18, 2021 zamanından beri üye
10 iletiler
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.
Jul 23, 2020 zamanından beri üye
759 iletiler
Sep 05, 2021 at 13:47
Jul 23, 2020 zamanından beri üye
759 iletiler
Hello in the forum. It is one of the best communities for traders.
Apr 16, 2017 zamanından beri üye
39 iletiler
Sep 05, 2021 at 15:21
Apr 16, 2017 zamanından beri üye
39 iletiler
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
Mar 28, 2021 zamanından beri üye
617 iletiler
Sep 06, 2021 at 05:40
Mar 28, 2021 zamanından beri üye
617 iletiler
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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