The Ways To Becoming A Winning Forex Trader

The first thing that needs to be worked on is yourself. No trader in any market whether it is stocks, commodities or forex can win without the correct mental outlook. I can tell by the way a trader communicates with others and what trading strategy is being used if that trader has a reasonable chance at earning money trading forex.

Here are the Top Five Requirements for a Winning Forex Trader.

(1) Mental Stability

(2) A Clear Understanding Of The Fundamentals Of The Currency That You Trade

(3) Discipline

(4) A Trade Plan

(5) Using Proper Risk Management

Notice that we have not even mentioned technicals as yet. There are other factors such as having the proper capital to begin trading with. Understanding the forex markets and how the flow of funds from one asset class to another is key to the movements of the currencies that you are trading.

Not to mention honesty hey Bruce?

Are you seriously going to try this yet again?

TheCyclist posted:
    Not to mention honesty hey Bruce?

Are you seriously going to try this yet again?

You are allowed to post or not post. Call it free will. If your only purpose is to attack and post non forex related matter please go post elsewhere. Have a great day.

TheCyclist posted:
    Not to mention honesty hey Bruce?

Are you seriously going to try this yet again?

As a follow up and my last comment to you on non forex related matters here is one of your posts. Your own comments also apply to you. Thanks for understanding.

TheCyclist posted:
No point in allowing comments in my thread while Zero is rampaging around in it under several identities. So I either lock it or I take the system private.

At the moment we don't have the ability to lock the discussion and continue to show the system. I would suggest we get that option, then people can still contact me in private (where I can block a user) or via other means. But the discussion is useless at the moment, I don't feel like participating in it anymore.

Why don't you just save everyone a lot of unpleasantness and don't even try, this will end exactly the way it did on Oanda and all the other forums you've been banned from.

People just can not stand the dishonesty and it always degenerates into a fight which ends with you being banned. It's a well established pattern and will repeat here.

Give it up.

It is no longer possible for you to take money off people in fx. Certainly not in any forum where you are recognised.

TheCyclist posted:
    It is no longer possible for you to take money off people in fx. Certainly not in any forum where you are recognised.

Excuse me who are you and where do you get your information from. I have no need to reply to you again.

Newbeepee posted:
    The first thing that needs to be worked on is yourself. No trader in any market whether it is stocks, commodities or forex can win without the correct mental outlook. I can tell by the way a trader communicates with others and what trading strategy is being used if that trader has a reasonable chance at earning money trading forex.

Here are the Top Five Requirements for a Winning Forex Trader.

(1) Mental Stability

(2) A Clear Understanding Of The Fundamentals Of The Currency That You Trade

(3) Discipline

(4) A Trade Plan

(5) Using Proper Risk Management

Notice that we have not even mentioned technicals as yet. There are other factors such as having the proper capital to begin trading with. Understanding the forex markets and how the flow of funds from one asset class to another is key to the movements of the currencies that you are trading.

To continue on with the main factors that create winning in forex.

The desire to do things properly and the time and energy to succeed.

(1) Understanding of money flow and how it affects each asset classs.
(2) Understanding how to use technicals for entry and exit.
(3) Knowing when to trade and when not to be in the market for risk events such as today's NFP.

Have a good trading day.

K trading god.

I challenge you. Put down $5000 or $10 000 of your OWN money for a change. Real money, not a random demo. Little bit of cash for super trading god like yourself shouldn't be an issue.

And prove your critics wrong once and for all. Exactly what this site was designed for.

Then when you start asking people for money you'd have a leg to stand on, or as is most likely we can all see how you handle the stress of losing your OWN money for real, instead of the demo -40% you been doing or someone else's $150 000.

LOLZ. What goes aroud, comes around. Bruce vs. yourself, as in You vs. Edward.

I believe people can change. What if Bruce came to some important conclusions after they banned him from Oanda.
Really. He hasn't asked for anything here, has he? Instead he offered something for free.

TheCyclist posted:
    K trading god.

I challenge you. Put down $5000 or $10 000 of your OWN money for a change. Real money, not a random demo. Little bit of cash for super trading god like yourself shouldn't be an issue.

And prove your critics wrong once and for all. Exactly what this site was designed for.

Then when you start asking people for money you'd have a leg to stand on, or as is most likely we can all see how you handle the stress of losing your OWN money for real, instead of the demo -40% you been doing or someone else's $150 000.

On the hope that I am talking to an intelligent and fair minded individual let us try to enter into an intelligent discussion without any emotion or bias being involved.

On that basis and your reply will show me if you meet the criteria that I set out I state clearly the following.

Whether it was Oanda or Forex Factory or this forex forum I have never solicited funds or looked to generate revenue by selling services. There is just no validity or proof of same.

I started demo trading during September 2003 and I learned my trade and love well. I started trading real funds during March of 2006. I traded for about 6 clients at Trade Freedom in Montreal. During June 2006 I moved my clients over to Man Financial in Montreal. I traded there for clients with great success. I later moved to PFG Best in Chicago always with my clients which I acquired through word of mouth from sophisticated and accredited investors. They were all Canadians and known to me personally.

I later became a Introducing Broker for FXCM in New York.

All the while this was going on I continued to learn and improve my currency trading. Today I have at least 6 friends in my inner circle that have substantial wealth and credibility. In fact as I was posting this one of my close friends a pillar of the community and someone I interact closely with called and we discussed NFP coming up at 8:30 AM.

The point that I am making is that there is not one person out there whether it be Sympatico or FX Ranger or Edward or Magix or Cloggie or yourself that really knows the truth. I have wasted so much time trying to defend myself to no avail and in some ways all the garbage that Edward has posted about me on the internet and my own open transparent style has added to it. Right now there is an ongoing criminal investigation into the actions of wdbaker and riskarb. There is a pending legal action against Oanda Corporation and things will all resolve themselves.

I accept your challenge so my question to you is how can that be workable.

I am a accomplished currency trader and I post my contest results here since I cannot post real results. I have been running a demo account at FXCM UK since June 2, 2011 and in that time frame I did 50 perfect winning FX trades.

I started with $50,000 US and the balance is now $56,737.30 and that is there as proof of my results. I use demo accounts to show others my skills and to compliment my real forex trading. I could post the results here however what would it prove so why bother. Many posters (6) at least have my PDF file of my 673 winning FX trades in a row while I traded for Cyber Planet from October 2, 2007 to November 7, 2007 and had a Net Profit of $19,236.02 US on 1502 FX trades in 35 days.

That will always stand as my unofficial World Record. I can send it to you as well.

Now I am off to focus and get ready to trade EUR/USD short at the right moment on NFP numbers due out in 35 minutes. My guess is that the number will be around 75,000 and the UI rate might go over 9% again. The market reaction will determine the direction of the US Dollar Index. A short of EUR/USD at the Resistance of 1.4520 might be in order. For the moment I am all in cash and only observe and watch the money flow.

Take care and be well.

In one of the other threads, probably one that got pulled after Zero decided to ruin all the threads, Newbeepee here was pointing out how good Bruce is as a trader.

I don't think anything has changed.

Speki all it requires is honesty. No more, no less. If one is going to do a honest days work, provide a decent track record, be proud of it. Put it up here, be transparent...

No one can argue with that. But he can't. He has to lie about his results. So now it's cloak and dagger and multiple identities, praising himself and so on...

And he is lying about his results for financial gains. If you do that as a fund manager with stocks they put you in jail. Only reason he can get away with it is lack of regulation which will soon disappear because of individuals like him.

What about the $150 000? You very conveniently forget that.

That's exactly what I don't get, why is always emotions and bias involved around Bruce. Really, it's like power of money or the power of <s>pus</s> women, f....ing up people's minds in no time.

Anyways, enjoy your weekend lads...

<quote=Newbeepee>
On the hope that I am talking to an intelligent and fair minded individual let us try to enter into an intelligent discussion <b>without any emotion or bias</b> being involved.
</quote>

Bruce inspires lynch mobs to action. We have it here all the time. Every week some hapless wanna be criminal is rescued by police. People are just fed up with it. And I guess the same is true on the net. Every second thing is a scam of some sort.

I find it amazing from a human nature point of view that people do not change their behaviour and so it goes. I am copying and pasting my call and the STUPID comments posted. I accept the challenge and NADA.

What a waste of time and so much ignorance.

I called it PERFECT...

My Millionaire Friend called it at 200,000 and 8.8% since he had 70,000 shares of Ford long and he wished it higher.

I am SO DARN good as EUR/USD is at 1.4462

My balance is now $57,067.30 and so it goes.

GOOD WORK BRUCIE

I accept your challenge so my question to you is how can that be workable.

I am a accomplished currency trader and I post my contest results here since I cannot post real results. I have been running a demo account at FXCM UK since June 2, 2011 and in that time frame I did 50 perfect winning FX trades.

I started with $50,000 US and the balance is now $56,737.30 and that is there as proof of my results. I use demo accounts to show others my skills and to compliment my real forex trading. I could post the results here however what would it prove so why bother. Many posters (6) at least have my PDF file of my 673 winning FX trades in a row while I traded for Cyber Planet from October 2, 2007 to November 7, 2007 and had a Net Profit of $19,236.02 US on 1502 FX trades in 35 days.

That will always stand as my unofficial World Record. I can send it to you as well.

Now I am off to focus and get ready to trade EUR/USD short at the right moment on NFP numbers due out in 35 minutes. My guess is that the number will be around 75,000 and the UI rate might go over 9% again. The market reaction will determine the direction of the US Dollar Index. A short of EUR/USD at the Resistance of 1.4520 might be in order. For the moment I am all in cash and only observe and watch the money flow.

Take care and be well.


--------------------------------------------------------------------------------

Quote | Message | Report
 

Member Since Feb 07, 2011 194 posts

PipGnostic (TheCyclist) 39 minutes ago

In one of the other threads, probably one that got pulled after Zero decided to ruin all the threads, Newbeepee here was pointing out how good Bruce is as a trader.

I don't think anything has changed.

Speki all it requires is honesty. No more, no less. If one is going to do a honest days work, provide a decent track record, be proud of it. Put it up here, be transparent...

No one can argue with that. But he can't. He has to lie about his results. So now it's cloak and dagger and multiple identities, praising himself and so on...

And he is lying about his results for financial gains. If you do that as a fund manager with stocks they put you in jail. Only reason he can get away with it is lack of regulation which will soon disappear because of individuals like him.

Bruce ... You are an ignorant fool. Where is your proof.

--------------------------------------------------------------------------------

Quote | Message | Report Show me your pips!!
 

Member Since Feb 07, 2011

 194 posts PipGnostic (TheCyclist) 37 minutes ago (edited 34 minutes ago )


What about the $150 000? You very conveniently forget that.


Bruce... No I did not and what is your point Moron...

The Pension Fund in Quebec lost FORTY BILLION that year. I learned about Risk Management through that loss.

--------------------------------------------------------------------------------

Quote | Message | Report Show me your pips!!
 

Member Since Nov 18, 2009 616 posts speki 19 minutes ago

That's exactly what I don't get, why is always emotions and bias involved around Bruce. Really, it's like power of money or the power of pus women, f....ing up people's minds in no time.

Anyways, enjoy your weekend lads...


On the hope that I am talking to an intelligent and fair minded individual let us try to enter into an intelligent discussion without any emotion or bias being involved.

Dear speki

I have no issues with you.

Take care and be well. I am very happy as I move my life forward.

Have a great weekend.



--------------------------------------------------------------------------------

Quote | Message | Report

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
 

                     
 
Spam will not be tolerated, and may result in account termination.
  
  

My point is you run fat tail systems that are not viable to start with. And just because you lose money in the same year as a fund doesn't make you proficient at trading.

You'll lose money in any year as you demonstrated in the last two months.

You know how fxbook works. Simply hook up a MT account to it and fund it properly. And don't even try pass of a demo is a live account, can tell from a mile when an account is a demo.

 

TheCyclist posted:
    My point is you run fat tail systems that are not viable to start with. And just because you lose money in the same year as a fund doesn't make you proficient at trading.

You'll lose money in any year as you demonstrated in the last two months.

You know how fxbook works. Simply hook up a MT account to it and fund it properly. And don't even try pass of a demo is a live account, can tell from a mile when an account is a demo.

 

This is my LAST contact with you. I have nothing to prove to you or anyone here. Please feel free to post forex related matters. All personal attacks will be reported.

This thread is about forex and forex related matters.

It is not about YOU or myself.

Take care and have a nice weekend. I only trade from the FXCM Trade Station Two and I am NOT looking to find anyone here to trade funds for so there is no need for me to do what you suggest.

I hope that is clear now go post wherever you want however stick to forex. Good Bye...

Part of forex is looking for managed accounts for most individuals. Especially on site like this where the entire aim of the site for is for investors and clients to find each other.

Either you are supremely incompetent and don't know it, or you are running a deliberate con. I'm not sure which, but I suspect it's the latter. But don't pretend you are a successful trader when you are not.

I will ask a fund manager I talk to quite often, who owns a small fund and used to do the legal side for banks, to fall for your superior knowledge and sign on as a client to whatever you offer when the links appear. And believe me Bruce, I hope you are just incompetent.

Next time you try wrangle money from someone or someone contacts you to offer you money, think long and hard before you take it, just might be someone who knows the law to the letter and wants to nail you that's giving you that money.