Why trading system dont work -
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thread: Why trading system dont work

  1. #11
    Hi behof and others on this particular thread.

    I dont frequently comment oncliqforexwebpages, nicely havent for some time.

    But just to allow you to understand, I did once work at an investment bank, and I understand how the system operates, and Behofas far as you tried to make sense of this and you were close to the marker, it simply doesnt work that way.

    Visit my thread posted on market manufacturers - that provides you an insight on how investment banks operate
    https://www.cliqforex.com/trading-sy...-intraday.html

    But could I firstly say. And that is something which needs to be adjusted, cause its providing false information to hopeful traders out there. The stat is actually thi.s.

    95% of all traders fail within the first 6 months of trading.

    NOT

    95% of all traders lose, neglect or are unprofitable all of the time.

    I for one can say that im a relatively successful trader - maybe not hugley effective, but im slowly working my accounts to some point that im happy with. I trade from home, and I know. It is possible, it boils down to you as your expertise behind the screens and a person. Same with almost any other occupation.

    Apprentices are apprentices for 4-5 years for a reason. To find out the trade. I think if you were a full time trader, it would take between 3-5 years to become proficient. Some more, some less.

    Investment Banks as one entity can't proceed the fx markets independently. On stocks its a little different. However, with fx volume and absolute size, there is nobody major banking institution in the world that can move any of the MAJOR PAIRS, by themselves. A number of those smaller pairs, possibly it's out of question to think about it a fact on the majors.

    When they did, it would need to be a collective effort. Banks before have been known to move price action, but there's a collective amount of funds behind these movements. The real associations with the maximum damage potential are major Central banks. The major central banks in the world who have potential for damage would be - the fed the Bank of Eng, the Reserve Bank of Australia, and the Bank of Japan. There are a number of others, but generally these central banks are behind to moves on the majors.

    Investment bank traders, do use, technical and fundamental analysis. When I worked on the desk, these tools were used by us. We also did possess collective details on who was buying things, and if - in relation to our customer base. That is also helpful.

    But the FX market , onto a MAJOR PAIR, is too large to be dominated by one single bank.

    This is the very simple reason why I decide to exchange in this particular market.

    Now - systems operate. A system that's very similar to my own, is the 4 hour MACD system which have respectfully dozens of traders to trade his thread here on FF. I respect the mans job, cause trading full time, is a hour job, and to have time and also to teach is remarkable - and is definately a thread.

    Keep your systems simple, maintain your transactions easy, and you can be more successful in the market.

    It isnt impossible, however I believe the best advice which may be given, and what was given to me when I first started was. Be sensible. Be realistic with how much you need to lose before you begin to understand, and become profitable, be sensible with your lifestyle and if you're able to fit trading in.

    Trading for a living is a total lifestyle change. Your life revolves around markets - and at the day's close, you need to be passionate about trading itself to get anywhere. Not the money which you will make, but trading itself. You gotta enjoy the game it is and the dynamics.

    Cash is a bi-product of success. Success is achieved by means of your passion for each and every trade you put in the market.

    And not only that, the most successful traders out there are constantly from the markets unwanted....they are after the market 24 hoursthrough their own lives - through marriage breakups, bringing up their children, doing their hobbies. etc..

    If you truley want to be trading for a living, you need to be ready to forfeit and this is what you need to do.

    People who trade large time frames, and exchange 2-3 hours every day, are building up themselves so that they can become whole time transactions, doing it for a second income or possess a lot of money to play that their returns will likely be substantial anyway.

    However, for somebody to be a successful, passionate trader. You need to give 100% to it.

    If your just in it for the money, and constantly concentrate on your account complete at the close of the afternoon....forget it. Thats not what tradings all about.

    It is possible. Its going your going to want you never took up trading in the first place and sometimes your going to be on cloud 9.

    Probably why I enjoy it . Its a game that is huge!

    Happy trading, I hope what ive written really hits home - cause I really do not like others putting a false truth in what people can really attain in this game.

    Cheers

    Rusty
    Thanks for your article! We've seen such negativity in the forum recently. Your article is the light that most newcomers need.

    I'm also tired of reading about how investment banks are so far better than us. They PEOPLE like us who don't follow rules, who are fearful of losing money and greedy! . They are not super smart.

  2. #12
    Junior Member 11oxray11's Avatar
    1
    Iam stunned by this thread!

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