I've turned $500 into $100,000 in only 3-4 months...
I climb traded EURJPY 5m with no stops for 45,000 pips in 5 weeks, very risky because my opinion that this is a entire scam market, controlled by a host computer that understands exactly what I am up to and where and trades most of my own money against me.
The aim of the majority of traders would be to get rich in Forex but the majority of the time (about 90-95%) they fail miserably and end up losing money. To win at Forex trading, you must learn to spot the large odds chart patterns. Keep in mind that when you trade Foreign Exchange, you must have the right mindset. You should understand you will encounter losses and during this streaks this declines must be accepted by you and keep them small. Trade with discipline.
I have more than three thousand trades since September 2009. After a again, I'm watching a one hour bar that won't cross the profit line, so that I change to a minute to see what's going on, and wouldn't I understand it by now, it is reversing just at my order line , it is so blatantly absurd how it pinned ten times exactly in my order line without crossing once and often fractures violently the other way. What I think it is besides a waste of everything time, energy, and money, I think it is a central computer that goes onto the customer platform and uses info to counter every transaction with countless account cash.
Sg_Trader,
Please ignore the critics . I totally believe that it's possible.
Imagine a person with Live access to FXCM Trade Servers. With good computing capacity and Trading Book/Open Balance at his hands, he can predict with good accuracy, the movement of market for next 5 Pips.
I read about a guy in my nation whose parrot predicts 20 Coin Flips and never fails (Precognition). Forex is also about Flip (Market Up or Down). You allow the parrot be the EA and if the story is true, then it would work well.
Time machine is just another idea.
Impossible spells I am possible.
Thanks,
C-B4-Horse
In Forex retail.. You never become wealthy, maybe several thounsands/month if you're lucky and your account is gt;30.000. - and you know how to place your egy to work. There is no so called edge which you think you've, because edge is belong to the central bank (CB) to determine what they considered a poor man (aka HF). But you can take advantage of the edge exactly like browsing, you wait patiently for wind and wave (the edge which belong to this mother nature) and at the ideal time you surf by the wave. This is what you take advantage the edge.
What edge you are looking for and claimed that you've got if you deposit merely $1000? Or $5000 for one lot? . There is no edge with this quantity of investment. Despite $50.000 you hardly can breath because the space is a bit larger in this retail organization, and that's considered a good surfing gear. Major hedge funds haven't what is called edge, they're edge out by Central Bank finally Quantum fund, like LTCM, Lehman, Tiger Fund, Baring Plc.
I simply recalled when I was 12 yo and ask to play monopoly game, I always choose my buddy to be a banker in the game (otherwise I don't need to participate) and anytime I lose cash my buddy slide cash to me and at the end I've everything. . I guess this is what is called..the first edge that I know lol....
Q: Who has the edge then? A: the one who have accessibility and The CB.
. .and if the parrot fails by injury, let us martingale him!Originally Posted by ;
theres a load of BS.Originally Posted by ;
I've been observing you and esuff guy preach this crap about just central banks having an edge. .
Why not simply accept that you have not been able to locate a profitable way to exchange?
Everything you say about riding the wave made by banks is a fantastic way to exchange but it is not the only means to exchange...
ps. You have to understand what an edge is...that a person/system which has an edge doesn't mean he will profit on each trade or are going to be able to manipulate the market. . .any system which can statistically prove it has more winners than losers (expectancy, profit variable, etc..) Has a border IMHO.
. . Where is the gap between $5K and $50K in relation to advantage?! Are you currently really able to transfer the market with a $50K account? You can exchange one lot with $50K and 0.1 lots with $5K and set the same trades using the exact same edge and make the identical percentual win or loss irrespective of account size. . Risk management and advantage are distinct things. .Originally Posted by ;
Have to agree with pride1760 in this. . If one has sustainable positive expectancy together with his method (is some ), then he's got a working advantage. . Read Tharp (and several others) to sort it out. .