Edit Your Comment
Hello everyone
Tham gia từ Feb 07, 2019
47bài viết
Feb 21, 2019 at 13:02
Tham gia từ Feb 07, 2019
47bài viết
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.
Tham gia từ Feb 13, 2019
10bài viết
Feb 24, 2019 at 07:24
Tham gia từ Feb 13, 2019
10bài viết
have you tried babypips? they have a lot of great info for total beginner
Tham gia từ Mar 02, 2017
50bài viết
Feb 24, 2019 at 13:19
Tham gia từ Mar 02, 2017
50bài viết
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!
Tham gia từ Feb 08, 2019
213bài viết
Feb 24, 2019 at 13:50
Tham gia từ Feb 08, 2019
213bài viết
BipinBike posted:
have you tried babypips? they have a lot of great info for total beginner
I agree
Tham gia từ Feb 25, 2019
10bài viết
Feb 25, 2019 at 13:49
Tham gia từ Feb 25, 2019
10bài viết
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
Tham gia từ Feb 10, 2019
54bài viết
Mar 05, 2019 at 07:25
Tham gia từ Feb 10, 2019
54bài viết
I agree, Babypips is really helpful!
Tham gia từ Feb 11, 2019
34bài viết
Mar 10, 2019 at 06:47
Tham gia từ Feb 11, 2019
34bài viết
hi and welcome! I have to say I love babypips, very good resource
Tham gia từ Feb 07, 2019
47bài viết
Mar 12, 2019 at 09:30
Tham gia từ Feb 07, 2019
47bài viết
babypips and youtube have some great stuff.
Tham gia từ Feb 08, 2019
21bài viết
Tham gia từ Mar 20, 2019
10bài viết
Mar 24, 2019 at 07:07
Tham gia từ Mar 20, 2019
10bài viết
i agree with most here, babypips is the best place to learn
Tham gia từ Feb 08, 2019
213bài viết
Mar 25, 2019 at 06:55
Tham gia từ Feb 08, 2019
213bài viết
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
Tham gia từ Jul 12, 2018
24bài viết
Apr 01, 2019 at 08:15
Tham gia từ Jul 12, 2018
24bài viết
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?
Tham gia từ Feb 22, 2011
4862bài viết
Apr 01, 2019 at 10:29
Tham gia từ Feb 22, 2011
4862bài viết
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.
Tham gia từ Oct 31, 2018
10bài viết
Apr 01, 2019 at 12:41
Tham gia từ Oct 31, 2018
10bài viết
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
Tham gia từ Mar 03, 2019
57bài viết
Nov 05, 2019 at 11:31
Tham gia từ Mar 03, 2019
57bài viết
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
Tham gia từ Nov 03, 2020
65bài viết
Jul 06, 2021 at 04:27
Tham gia từ Nov 03, 2020
65bài viết
I think it's right to learn as much as possible about how the market works and how you can improve your trading system
Tham gia từ Feb 18, 2021
10bài viết
Jul 22, 2021 at 07:24
Tham gia từ Feb 18, 2021
10bài viết
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.
Tham gia từ Jul 23, 2020
759bài viết
Sep 05, 2021 at 13:47
Tham gia từ Jul 23, 2020
759bài viết
Hello in the forum. It is one of the best communities for traders.
Tham gia từ Apr 16, 2017
39bài viết
Sep 05, 2021 at 15:21
Tham gia từ Apr 16, 2017
39bài viết
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
Tham gia từ Mar 28, 2021
617bài viết
Sep 06, 2021 at 05:40
Tham gia từ Mar 28, 2021
617bài viết
Hello and welcome to the community. Keep learning and practicing. You will get to know what more you need to do. Best of luck.
*Nghiêm cấm sử dụng cho mục đích thương mại và spam, nếu vi phạm có thể dẫn đến việc chấm dứt tài khoản.
Mẹo: Đăng ảnh/url youtube sẽ tự động được nhúng vào bài viết của bạn!
Mẹo: Dùng @ để tự động điền tên người dùng tham gia vào cuộc thảo luận này.