要使用聊天,请登录。

Hello everyone

AlHashim
Feb 21 2019 at 10:46
10帖子
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

walpants
Feb 21 2019 at 13:02
47帖子
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.

BipinBike
Feb 24 2019 at 07:24
10帖子
have you tried babypips? they have a lot of great info for total beginner

Allan (Arcferreira)
Feb 24 2019 at 13:19
50帖子
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!




Trade safely... Remember, a high Drawdown means a high risk!
Treeny
Feb 24 2019 at 13:50
184帖子
BipinBike posted:
have you tried babypips? they have a lot of great info for total beginner


I agree

AharonGorion
Feb 25 2019 at 13:49
7帖子
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

ScottyCarsonMVP
Mar 05 2019 at 07:25
54帖子
I agree, Babypips is really helpful!

tracydavison
Mar 10 2019 at 06:47
34帖子
hi and welcome! I have to say I love babypips, very good resource

walpants
Mar 12 2019 at 09:30
47帖子
babypips and youtube have some great stuff.

CRPA9
Mar 15 2019 at 08:11
21帖子
Atchris
Mar 24 2019 at 07:07
10帖子
i agree with most here, babypips is the best place to learn

Treeny
Mar 25 2019 at 06:55
184帖子
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

maexpertadvisor (FMovingAverage)
Apr 01 2019 at 08:15
24帖子
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?

vontogr (togr)
Apr 01 2019 at 10:29
4862帖子
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.

Farhan1
Apr 01 2019 at 12:41
10帖子
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

steveday1976
Nov 05 2019 at 11:31
56帖子
Atchris posted:
i agree with most here, babypips is the best place to learn
yes i started off using Babypips and found it helped a lot.

Tremblay
Jul 05 2021 at 06:06
330帖子
Atchris posted:
i agree with most here, babypips is the best place to learn

Yes. It helps a new trader a lot to learn many new things about trading and the market.

Cordawield
Jul 06 2021 at 04:27
65帖子
I think it's right to learn as much as possible about how the market works and how you can improve your trading system

boydgraves
Jul 22 2021 at 07:24
10帖子
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.

RobSchiz
Jul 24 2021 at 08:53
535帖子
Atchris posted:
i agree with most here, babypips is the best place to learn

Yes. This is the best place to learn.

请登录以发表评论。