Honest answers please! Are you successful trading on Forex or not? - Page 3
Page 3 of 735 FirstFirst 12345 LastLast
Results 21 to 30 of 341

Thread: Honest answers please! Are you successful trading on Forex or not?

  1. #21
    Quote Originally Posted by ;
    I am successful with a 1 pip EURUSD, and 2 pip GBPUSD spread, but would not presently be profitable should these spreads were any bigger.
    Hello Jimbil, who's the current broker? A one pip spread is wonderful. Are there any downsides with your broker? Thank you for a response.

  2. #22
    Quote Originally Posted by ;
    LOL, it's so funny to see this material on FF forums and elsewhere, subsequently visiting web sites of tudors such as Rob Booker and individuals falsely think all this crap about systems/methods/money management. Ohh, do not forgot the discipline, heheh.

    Wake for an actual work! Duh! There is no such thing as a functioning system and you then say it's all about discipline and money management, as you do not want to acknowledge that.

    Well, go on and show me one egy with a money management which makes positive outcomes during an extended time period and anyone may have 100% correct discipline and commerce the system - but the problem is, there is isn't one single...

    Mike W: And here is the answer to your query:
    - No I won't ever become a successfull trader, but for sure will no1 else who's pursuing those stupid EMA's, RSI's, Stochastics, ADX - they're all junk.
    I'm still quite new to forex trading. However, what I understand is, there is one more thing (actually, the MOST vital) for one to triumph other than these matters such as system/money management/discipline/method.

    Here it is: EXPERIENCE. As it pertains clinic clinic, clinic, and emphasise! (Trade, commerce, and commerce again).

    Proof:
    No sportman becomes champion without training.
    No gamer becomes quite good without training.
    Nobody will able to drive an automobile without practicing.
    Etc

    Good luck.

  3. #23
    Quote Originally Posted by ;
    Nobody will able to drive a vehicle without practicing.


    Good fortune.
    Tell that to my dog.

  4. #24
    I concur there is not a mechanical method out there which works, you can't just trade blindly on crosses of whatever EMA, SMA, RSI, etc..
    What actually works is price action plus momemtum and breakouts of service resistance lines, examine the charts, there it is, it's staring at you but you simply don't know where to look.

    Therefore, here is the deal, there's absolutely no system which functions but there are traders out there very succesfull, so have you ever wondered what's the edge they have?

    And by the way, when you reach that level you can forget about cash management, dependent on the installation, sometimes you can just close your eyes and input all the lots you can and make certain it'll be a winner and I am not referring to news trading, just pure technical trading.

  5. #25
    I trade with the UK spreadbet firm WorldSpreads.
    In certain countries such as the UK, profits are tax free. However, if that doesn't apply to your country, I see no reason why you still couldn't start an account with them and pay tax on your profits as you want if trading with Oanda, FXCM etc..

    WS have a 1pip EURUSD, AUDUSD, USDJPY distribute, and a 2-pip GBPUSD spread (was 1 pip till last Tuesday), between 0800-1600 UK time. That the spread is 3 pips.
    They have instantaneous executions, except for following some major ENR's - at which times dealer confirmation-requotes may be used.

  6. #26
    Quote Originally Posted by ;
    I trade with the UK spreadbet company WorldSpreads.
    In some specific countries such as the UK, profits are tax free. But if that does not apply to your country, I see no reason why you couldn't open an account with them and pay tax on your profits as you want if trading using Oanda, FXCM etc..

    WS have a 1pip EURUSD, AUDUSD, USDJPY distribute, and a 2-pip GBPUSD spread (was 1 pip until last Tuesday), involving 0800-1600 UK time. Outside these hours the spread is 3 pips.
    They have immediate executions, except for after a few major ENR's - at which times trader confirmation-requotes may be used.
    great! Thanks jimbil.

  7. #27
    Every trader has their own method of trading
    and they create arrangement called fad
    create instant called fundamental,
    set sign on anyplace called technicall analysis

    will mount everest be drowned? Lets keep our trading % low, higher equity is the key,

  8. #28
    Hello yakumo,

    if you are likely to use moving averages to base your entry/exit rules. . .you're NOT going to have a platform should you trade every sign. Try using a filtre on a moving average crossover like the following:

    1. Use a 3-hour or 4-hour chart.
    2. Use EMA(5) and EMA(13)
    3. Use the MACD(5,13,0) as a filtre as follows: only take the EMA 5/13 crossover sign if the MACD(5/13) has hit an extreme of ±0.20 or more ( .20 for brief crossovers, also -.20 for long crossovers). By recently I mean over the past two days. And I am talking dismiss the MACD histogram and the MACD signal line.

    Go right ahead and back-test that you: Let us say begin with USD/JPY, use 25 or 30 pip stops and take 60 pip profits.

    Or look at tkimble's Part Time Wealth Building - Weekly Scalping egy...I've back-tested that one and s have others and it is profitable. Not to mention that tkimble utilizes it profitably within his live trading. I've just started trying it in my trading. I've only started this week and I am up 120 pips net.

    I know how you feel man. I've been there; I went through many many egies that are different, programming them and back-testing them. I used all types of fancy high math. Some times it seemed like nothing could work.

  9. #29
    Quote Originally Posted by ;
    I'm still quite new to Foreign Exchange trading. But what I understand is, there is yet another thing (actually, the MOST vital) for you to triumph other than these matters such as system/money management/discipline/method.

    Here it is: EXPERIENCE. And it comes practice, clinic, and emphasise, clinic! (Trade, trade, and trade again).

    Proof:
    No sportman becomes champion without practice.
    No gamer gets quite good without practice.
    Nobody will able to drive a vehicle without practicing.
    Etc

    Good luck.
    If you dont have the experience, then find yourself a great mentor.

    Btw, I am a very delighted trader.

  10. #30
    Quote Originally Posted by ;
    hello yakumo,

    if you are going to use moving averages to base your own entry/exit rules. . .you're NOT going to have a platform if you trade every sign. Try using a filtre onto a moving average crossover like the following:

    1. Use a 3-hour or 4-hour chart.
    2. Use EMA(5) and EMA(13)
    3. Use the MACD(5,13,0) as a filtre as follows: only accept the EMA 5/13 crossover sign if the MACD(5/13) has hit an extreme of ±0.20 or longer ( .20 for brief crossovers, and -.20 for long crossovers). By lately I mean over the previous two days. And I'm talking dismiss the histogram and the MACD signal line.

    Go right ahead and back-test that one: Let's say start with USD/JPY, use 25 or 30 pip stops and take 60 pip profits.
    Unusual! It doesn't do the job!!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.