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

  1. #1

    Why trading system dont work

    Hi Folks !

    Have you ever asked yourself why 95 percent of all traders are loosing their
    money in the long or short term?

    Imagine you've got zillions of tracks and state of the art hardware
    on your workplace.

    Each morning you wake up and happen in front of your
    control panels which are like the ones in star treck and
    want to make big bucks.

    You are smart and have assessed all systems oncliqforexand have distilled
    the essentials to a super duper trading platform which is tailored very
    special to your needs.

    Now you see your indiors and price action and following a short
    time you visit that your first trade for the day.

    All of indiors affirm that it's a big home run and you go in using a
    little part of your account.
    (Of course you're the king of money management)

    But whats this; holy shit; price is going upward and abruptly stops
    and turns against you as quickly as a lightning.

    What the heck is going on here you state to yourself....

    You bond out at break even or using a little gain if you're an
    experienced and disciplined trader.

    The other men may be get stopped out or have no stop....

    And also this narrative goes on and on....

    You will ask now why only 2-5 % of all traders create a load
    of dollars daily?

    They tell you all they utilize no indiors....

    The fact is they don't want a chart to make money!

    Why ?

    BECAUSE THEY KNOW WHERE PRICE IS GOING EVERY DAY ON EVERY
    PAIR !!

    SO ITS NOT STRANGE THAT ALL BIG INVESTMENT BANKS MAKE
    HUNDREDS OF MILLIONS EVERY YEAR !!

    Lets state that the EUR/USD is at 1.4630 and also our big boy knows that
    offers are standing at 1.4670 he can buy without having a chart
    in front of him....

    If you have this information indiors are only a decoration to
    color the black trading screen....

    It is only my 2 pennies....

    Darkstar is among those men who knows well whats going on behind the
    curtain....

    Read his posts and try to understand whats really going on!!

    It is only a little path between failure and success. .

    Happy Trading

  2. #2

    People who trade big time frames, and trade 2-3 hours every day, are either building up themselves so they can become full time trades, doing it for another income or have a lot of cash to play with that their returns will be substantial anyhow.

    However, for somebody to be a successful, enthusiastic trader. You need to give it 100%.
    Excellent post Rusty.

  3. #3
    Double post...

  4. #4
    Be realistic
    Apprentices are apprentices for 4-5 years to get a reason.
    Trading for a living is a total lifestyle change. Your life revolves round markets - and at the close of the day, you have to be passionate about trading itself to get anyplace. Not the money that you will earn, but trading itself. You have ta love the game it is along with the dynamics involved.
    And not only that, the many successful traders out that there are always by the markets side....they are after the market 24 hours, through their own lives - through marriage breakups, bringing up their kids, doing their hobbies. etc..
    If the above comments don't explain you, then you'll pay us, make no mistake about this!

  5. #5
    I believed you thought I was speaking to you but yeah there are many means to butter your bread in this enterprise. Lucky for me I know a very succesful traders who appraoch the market in ways that are different. 5 minute charts, asian sessions, counter trend, trend trading fundamentals, you name it. However they are good traders that they do not have systems.
    No problemo.

    That is interesting. I've said that a good trader can use anything and make money, but do not have a lot to up that.

    I talk frequently to a mentor and friend who deals for a living. He will help me out a little, and I do progr for him. He gave me his bread and butter egy, I programmed it. It had the backtest results I have seen from any EA that is reasonable. But he enjoys it and uses it and makes money.... Because he's good he can.

  6. #6
    gambling and smart gambling is what this sport of trading any commodity is about, not hopes and dre.
    Maybe we've got a different definition of gambling, but for me this is all about NEVER gambling.

    To me gambling means taking a trade once I don't know the probabilities have been in my favor.

  7. #7
    Hello and others on this specific thread.

    I dont frequently comment oncliqforexwebpages, nicely havent for a while.

    But just to let you know, I did after work with an investment bank, and I know the way the system operates, and Behofas far as you attempted to make sense of this and you're near the marker, it just doesnt work that way.

    Go to my thread posted on market manufacturers - which gives you an insight on the way investment banks operate
    https://www.cliqforex.com/general-fo...rs-affect.html

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

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

    NOT

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

    I can say that im a relatively prosperous 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's possible, it comes down to you as your experience behind the displays and an individual. Same with any other occupation.

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

    Investment Banks as a single thing can't proceed the fx markets alone. On stocks its a little different. But with fx volume and size, there is nobody major banking institution in the world that can move any of the MAJOR PAIRS, by themselves. Some of the bigger pairs, maybe it is out of question to think about it a reality on the majors.

    If they did, it would need to be a collective work. Banks before have been proven to move price action, but there is a collective number of funds behind such moves. The institutions with the damage are major Central banks. The major central banks in the world that have potential for damage are the fed, the ECB, the Bank of Eng, the Reserve Bank of Australia, along with the Bank of Japan. There are a number of other people, but generally these central banks are supporting to moves on the majors.

    Investment bank traders, do use, technical and fundamental analysis. When I worked on the desk, then these tools were used by us. We also did possess information on who was buying things, and once - in terms of our client base. That is also valuable.

    Howeverthe FX market itself, onto a MAJOR PAIR, is too big to be dominated by one single bank.

    That is the simple reason why I decide to exchange in this specific market.

    Now - systems operate. A system that's very similar to my own, is that the 4 hour MACD system that have respectfully dozens of traders to trade his own thread here on FF. To teach and to have enough time is impressive, and also I respect the mans job is somedays a hour occupation - and so is a thread.

    Keep your systems simple, keep your trades easy, and it's possible to be prosperous in the market.

    It isnt impossible, however I think that the best advice that may be given, and what had been given to me when I started was. Be realistic. Be realistic with how much you need to lose before you start to learn, and become profitable, be sensible with your way of life and if you're able to match trading in.

    Trading for a living is a total lifestyle change. Your life revolves round markets - and at the end of the day, you need to be passionate about trading itself to get anyplace. Not the money that you will make, but trading itself. You have ta love the dynamics along with also the game it is.

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

    And not just that, the most prosperous traders out there are constantly by the markets side....they are after the market 24 hoursthrough their own lives - through marriage breakups, bringing their kids, doing their hobbies. etc..

    Should you truley need to be trading for a living, you need to be prepared to forfeit and this is exactly what you need to do.

    Individuals who exchange big time frames, and exchange 2-3 hours every day, are either building up themselves so that they can get full time trades, doing it to get a second income or possess a lot of cash to play that their yields will be substantial anyway.

    But for somebody to become 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 end of the afternoon....forget it. Thats not exactly what tradings all about.

    It's possible. Its going to damage, your going to wish you never took up trading in the first place occasionally, and occasionally even your going to be on cloud 9.

    Likely why I enjoy it so much. Just a game that is huge!

    Happy trading, I hope what ive written really hits home - cause I do frankly not like others placing a false truth in what folks can definitely achieve in this particular game.

    cheers

    Rusty
    Hi Rusty !

    First of all thank you very much for your very inspiring article
    Of cours you are right with your announcement, that one investment bank
    isn't capable to move a major currency.
    I'm in this game for approximately 5 decades and have tried a lot of so called
    systems and advices from so called insiders.
    I blew several accounts at the beginning of my forex adventure and
    beside I never gave up.
    It's absolutely right that each trader who would like be prosperous within this
    market has to make his experience and also has to tailor his own personality
    of trading to his own personal profile.
    All the missing cash and the boundless time in front of my screen are
    tuition fees and now I know that is the only way to learn the sport!!
    And I think that 95% of all people who fail don't possess the discipline and
    the powerful will to withstand failure to get a longer period.
    In our modern society everybody wishes to be independent because they
    hate their boss or don't like their 8 to 5 treadmill....
    And so they proceed tocliqforexor buy egies to get rich quick with no attempt
    on themselves.
    This is not the way it functions people!!!!
    See Jack Schwagers books Market Wizards!!
    At the beginning of my trading travel I'd read all 2 books and didn't give
    2 cents on the replies given by the traders.
    BUT NOW AFTER NEARLY 5 Decades OF UPS AND DOWNS IN THIS MARKET
    I CAN UNDERLINE EVERY LETTER!!!

    Thus Rusty, I agree that its really enjoyable to maintain the markets and money
    should always be a byproduct of trading and NEVER the reason to exchange!!!!

    Only my 2 cents


  8. #8
    PS- Support and Resistance is simply an illusion, everytime you see it, attempt and pen point it, you keep going in an endless loop of guessing games. Which way, which way?! Don't even attempt using this material, actual profits have nothing to do with S and R.
    I'd really like to understand how you trade, but don't explain it here, start a different thread. I am curious about how to obtain real profits.

  9. #9
    Senior Member elaydora's Avatar
    116
    Hi Folks!

    Perhaps you have asked yourself why 95 percent of traders are loosing their
    cash in the long or short term?

    Picture you've got zillions of monitors and condition of the art hardware
    on your workplace.

    Every morning you awaken and take place before your
    control panels that are similar to the ones in star treck and
    want to make big bucks.

    You are smart and have checked all procedures oncliqforexand also have distilled
    the essentials into a super duper trading platform that's tailored very
    special to your needs.

    Now you see your indiors and price action and following a short
    time you see your very first transaction for the day.

    All indiors affirm that it is a big home run and you go in with a
    little portion of your account.
    (Of course you're the king of cash management)

    But whats this; holy shit; price is heading upward and abruptly stops
    and turns against you as fast as a lightning.

    What the hell is happening here you say to yourself....

    You bail out at break even or with a little gain if you're an
    experienced and disciplined trader.

    The other guys may be get stopped out or don't have any stop....

    And this narrative goes on and on....

    Well you will ask now why just 2-5 percent of traders create a load
    of bucks every day?

    They tell you everything they use no indiors....

    The truth is they even don't need a chart to make money!

    Why ?

    BECAUSE THEY KNOW WHERE PRICE IS GOING EVERY DAY ON EVERY
    PAIR !!

    SO ITS NOT STRANGE THAT ALL BIG INVESTMENT BANKS MAKE
    HUNDREDS OF MILLIONS EVERY YEAR !!

    Lets say that the EUR/USD reaches 1.4630 and also our big boy knows that
    offers are standing at 1.4670 he even can buy with a chart
    facing him....

    If you have this information indiors are just a decoration to
    colour up the black trading display....

    It is just my two cents....

    Darkstar is among the guys who knows well whats happening behind the
    drape....

    Read his posts and attempt to know whats really going on!!

    It is only a little route between success and failure. .

    Happy Trading
    Do not buy this!
    By what I know many banks lost in Forex in 2005!!
    Nonsense to me !!

  10. #10
    Senior Member elaydora's Avatar
    116
    Most great traders seem to agree that understanding when not to exchange, and awaiting an perfect installation are both critical.

    Those that aren't concerned with entry are often trend trading long-term, have a broad stop, and are searching for a massive play, so exact entry point isn't critical. Still, be certain their setups are somewhat more involved than waking up in the daytime and flipping a coin.

    Edit: Hi, my 1000th post!
    This is your secret to trading successfully!!
    This man can teach you more. You have to have big ceases and know when to add to it and target to the major trend. Good MM to go in using little ammont to become ready for draw downs.
    If you are trading shorter phrases, there are good systems that may get the job done. YOU ARE THE ONLY PROBLEM! Not the system. You have to know when not to exchange! You will need to discipline yourself to wait and not simply jump into a trade. The very best is let till those requirements are met someone else to see for you in the PC and then you get to the PC to create the final decision.

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