Seem's no one can make Fx work long term...
forex_trader_28881
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Dec 13, 2013 at 06:54
https://ai-cio.com/channels/story.aspx?id=2147486791
Bit of a reality check for the fx entrepreneur, no...?!
Bit of a reality check for the fx entrepreneur, no...?!
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Dec 16, 2013 at 22:05
They had a bad system.
forex_trader_136673
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Dec 17, 2013 at 12:30
Ray Dalio still on the game and his hedge fund Bridgewater is the world largest fund.
Interesting article, thanks for sharing.
Interesting article, thanks for sharing.
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Dec 18, 2013 at 19:04
After 8 years of FOREX EAs and hand trading, I have learned that the best method is slow and steady. Im using my own EA that trades multiple pairs ( 10 or more ) on a large account. Goal is 2 to 3 percent growth a month with small risk and low DD. Its the only safe way to trade it seems.
Click on my Name to see My Live Charts and Bio.
forex_trader_29148
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Dec 18, 2013 at 20:14
agree with you prof 100%
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Dec 20, 2013 at 04:44
@Professor53
Couldn't agree with you more Professor.
It took me 3 years of trading to come to that conclusion as well.
That's why my system goals are only 2% per week gain, which is a reasonable and achievable amount :)
Couldn't agree with you more Professor.
It took me 3 years of trading to come to that conclusion as well.
That's why my system goals are only 2% per week gain, which is a reasonable and achievable amount :)
Patience, above all else.
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Dec 20, 2013 at 04:49
@c3po
Agreed, but I think there size, as well as their size and management style had a big impact as well.
When finance companies like FX Concepts and Investment Banks such as Bear Stearns are created and ruled by larger than life Executives, things eventually go to hell when they refuse to change and adapt.
That's why companies such as JP Morgan and Bridgewater succeed, they allow room for new talent and understand the importance of 24/7 compliance. :)
Happy trading guys
Agreed, but I think there size, as well as their size and management style had a big impact as well.
When finance companies like FX Concepts and Investment Banks such as Bear Stearns are created and ruled by larger than life Executives, things eventually go to hell when they refuse to change and adapt.
That's why companies such as JP Morgan and Bridgewater succeed, they allow room for new talent and understand the importance of 24/7 compliance. :)
Happy trading guys
Patience, above all else.
forex_trader_168526
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Dec 20, 2013 at 08:57
and i am still working on this math problem.
happy trading.
happy trading.
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Dec 20, 2013 at 15:11
Professor53 posted:
After 8 years of FOREX EAs and hand trading, I have learned that the best method is slow and steady. Im using my own EA that trades multiple pairs ( 10 or more ) on a large account. Goal is 2 to 3 percent growth a month with small risk and low DD. Its the only safe way to trade it seems.
let's say 7% month and agree:)
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Dec 20, 2013 at 16:48
If you can build a EA that has 6% a month growth and less than 20% DD, then you have built a better mouse trap and the world will come knocking at your door! This is a steady and safe long term real money account!
Click on my Name to see My Live Charts and Bio.
forex_trader_8139
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Dec 20, 2013 at 17:22
6% consistently monthly return is not easy to accomplish for long term.
Regards,
SIM
Regards,
SIM
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Dec 20, 2013 at 17:36
6% monthly means that you double every year...millionnaire in 10 years if you starts with 1k! :D
A smooth sea never made a skillful sailor.
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Dec 20, 2013 at 18:50
I can do 2% monthly .... but above that is big risk. See my charts.. Last chart is a large demo account trading multiple pairs (10). Its goal is 2 to 3 % a month. Its a new setup on my own home built EA. Lots of Micro trades per day. Averages 200 to 350 a day trading 0.01 lots. TP is 9. Grid plus martingale on a very small micro set file.
Click on my Name to see My Live Charts and Bio.
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Dec 21, 2013 at 13:10
pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.
Regards,
SIM
I can do that
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Dec 21, 2013 at 17:02
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Dec 22, 2013 at 10:17
menghua84 posted:
https://www.myfxbook.com/members/menghua84/icm/779425
togr posted:pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.
Regards,
SIM
I can do that
The issue there is that you are missing two variables: (1) few people on myfxbook have an account with least two years of track record (anyone in the professional world of investment would request at least 3 to 5 years of track record to prove your worth, even though I must admit that FOREX is much different and you could sell yourself with a 1 year track record, again few have that), (2) being able to trade the same way with a 1K€ account as in an account that would be 25 or 30k€...trust me, it is extremely difficult psychologically and just with this new variable, a lot of trader fail/loss profitability.
A solution for the (2) would be to open multiple accounts reducing the broker risk AND this high balance/trade size fear.
A smooth sea never made a skillful sailor.
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Dec 22, 2013 at 14:06
Thalantas posted:menghua84 posted:
https://www.myfxbook.com/members/menghua84/icm/779425togr posted:pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.
Regards,
SIM
I can do that
The issue there is that you are missing two variables: (1) few people on myfxbook have an account with least two years of track record (anyone in the professional world of investment would request at least 3 to 5 years of track record to prove your worth, even though I must admit that FOREX is much different and you could sell yourself with a 1 year track record, again few have that), (2) being able to trade the same way with a 1K€ account as in an account that would be 25 or 30k€...trust me, it is extremely difficult psychologically and just with this new variable, a lot of trader fail/loss profitability.
A solution for the (2) would be to open multiple accounts reducing the broker risk AND this high balance/trade size fear.
I will have 1 year in JAN 2014 :)
I am not trying to sell anything
But anyway to sell yourself as signal provider you just need couple of months on zulutrade or etoro
Trading $1000 with 0.01 lot is the same as trading $10,000 and 0.1 lot.
As I use robot to trade there are no emotional influences:)
forex_trader_136673
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Dec 22, 2013 at 14:10
What is wrong with emotions?
forex_trader_136673
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Dec 22, 2013 at 18:05
@togr
Sorry pal. Judging from your live accounts your claim making 6% monthly doesn't stand. You are even on net loss 11% on total. What @Thalantas is saying is true, it is certainly hard to make 6% monthly and you are far, far, far away.
P.S. Calculations are made without using custom start date. It makes some accounts look like they are on green territory. CHEERS
Sorry pal. Judging from your live accounts your claim making 6% monthly doesn't stand. You are even on net loss 11% on total. What @Thalantas is saying is true, it is certainly hard to make 6% monthly and you are far, far, far away.
P.S. Calculations are made without using custom start date. It makes some accounts look like they are on green territory. CHEERS
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Dec 23, 2013 at 07:02
ahuruglica posted:
@togr
Sorry pal. Judging from your live accounts your claim making 6% monthly doesn't stand. You are even on net loss 11% on total. What @Thalantas is saying is true, it is certainly hard to make 6% monthly and you are far, far, far away.
P.S. Calculations are made without using custom start date. It makes some accounts look like they are on green territory. CHEERS
It is hard to orient in my accounts, you are counting together different currencies and even dollar and cent accounts:)
I have cent losses and dollar profits if it does make sense:)
but I am not here to defend myself:)
Happy Xmas pals
