thread: How to be successful!!

Hello friends.

That I ´m gonna discuss Foreign Exchange market and try to explain the way to be prosperous.

Forex is a probability game.
And there are just two probability, buy or sell.

So the one thing a trader must do to achieve success it´s guess more times the odds, buy or sell.

How we do this?
Well you can find just 1 way.

- You need to choose a pair.
- You need to know the amount of pips that you want daily per week or month...
- Then you have to obtain a way to find those pips, a method.
- Regardless of what kind of strategy is, should you stay only for moments, hours or all day to find the charts, if you trade with 1 indior or 20, if you trade naked charts, should you trade news or not, even should you trade by the planets, should you trade drunk or sober, if you trade 1 sec or 1 month charts, if you trade with your eyes open or closed, you only have to chose the best way that fits you.
- Then you need test the system to see if it's ´s good for your goal, the amount of pips.
- Now that you find the right system, you have to manage your cash.
- And that´s !

Easy, no?!
Soon a few instances.


Determination is the Trick to success!

Happiness for all.

Hello and,


I believe there are a few bad known.
People need to read post #1 and #4 and understand.

This is merely an ficticious example:

Pair eur/usd
Target 10 pips a day
Trading time just two hours after US session available
The system just gives me (the maximum) one entry every day, and not everyday.

And within this ficticios case after some advancing I got:

I see if I just trade for one hour instead of just two I don´t possess entrances everyday, in this fictitious example only 16 trades in 22 days, but reduce my losses:

4 declines and 12 wins.
4x --15 = - 60 pips and 12x20 = 240 pips
total = 180 pips a month. (very good results)
But still not 10 pips, but I have currently 8 pips a day

Therefore my SL are 15 pips and TP are 20. (When I started it was SL 10 and TP 10) do you understand?!
4 declines - 60 pips
12 wins 240 pips
total month 180 pips

I´m not here to place a method, just to trying explain the way to be successful giving an illustration for this ficticious system.
Because a trader dont need 100 or 10 pips a day to become successful, 5 pips or less is sufficient; it depends what you desire.

And should you have more losses than wins, then you may be successful to; it depends what you desire.

Supose I got a system that gives me 20 admissions a month along with my SL are 20 pips along with my TP are 100 pips and I have 15 losses and just 5 wins:

15 x 20 pips = -300 pips
5 x 100 pips = 500 pips

This ´s it I´m trying to explain.

Happiness for you guys.

So my SL are 15 pips and TP are 20. (When I began it was SL 10 and TP 10) would you know?!

Well yes, a sliding scale of risk:benefit and win:shed, is the revelation here?

it depends exactly what you desire.

Well not really, it depends on what the market offers, it doesn't care so much of what you want.

Happiness for you guys.

Yes, you too...

So my SL are 15 pips and TP are 20. (When I began it was SL 10 and TP 10) do you understand?!
4 losses - 60 pips
12 wins 240 pips
total month 180 pips

I would rather attempt risking 15 pips for 150 pips

so you only need 3 winners from 20 trades

to make 195 pips per month

cut your losses, let your profits run

Position sizing and cash management is not an edge. There's little doubt about that whatsoever!

Correct, so much focus on MM and place dimensions but end of the day if you can't trade profitably MM is only going to allow you to lose money quicker.

Losing cash gradually at a affordable rate, works out better for the big banks and the like than losing big money after I guess.

Correct, so much concentrate on MM and position dimensions but end of the day if you can't trade profitably MM is only going to allow you lose money slower.

Losing money gradually at a very affordable rate, works out better for the big banks and the like than dropping big money once I guess.

Yes. You are correct! The only way we can do is try to reduce the underlying risk as much as possible. MM is just a alternative solution to handle our trades because this is under our hands. But frankly speaking, it could offset the probability trade rate like risk to rewards ratio 1:2,odds lose to acquire ratio 2:1. In the end, you get nothing due to breakeven.

Yes. You're correct! The only way we can do is attempt to decrease the underlying risk as far as possible. MM is just a alternative solution to handle our trades because this is under our hands. But frankly speaking, it might offset the chances commerce rate such as risk to wages ratio 1:2,probability drop to acquire ratio 2:1. In the end, you get nothing due to breakeven.

Reducing the underlying reduce directly reduces the profit, if your trading well and profitably you don't have to exchange at 1 percent, 3 - 5 percent should be nice which means for the same time you make and lose 3-5x's more cash, but nevertheless 3-5x's more profit, for a increased risk in using a bad week and account passing which is hopefully unlikely if your trading well.

It is the easiest thing to work out, it's not rocket science, but its the most discussed subject on this.

Setups that have a high likelihood of working is exactly what needs discussing and sharing, preferably 1 in which you risk very little but stand a good chance of earning considerably more than you risk. ( which is exactly what I've spent the day working on )

Reducing the inherent reduce directly reduces the profit

Reducing risk does not automatically imply reducing profit, think from the box for a moment or two.

, if a trading well and profitably you do not need to exchange at 1%, 3 - 5% should be fine which means for exactly the same time you make and get rid of 3-5x's more cash, but still 3-5x's more profit, to get a increased risk in getting a bad week and account departure that's hope fully unlikely in case a trading well.

'Hope'? Really, hope plays a part on your trading?

Setups that have a high likelihood of working is exactly what requires discussing and sharing, rather 1's where you risk very small but stand a good prospect of making much more than you risk. ( which is exactly what I have spent the day working )

And what exactly have you come up with? What are you currently focussing on analysis? Currency and trade administration? Other?

Reducing the inherent reduce directly reduces the profit, if your trading well and profitably you do not have to exchange at 1 percent, 3 - 5 percent ought to be fine which means for the same time you make and eliminate 3-5x's more money, but nevertheless 3-5x's more profit, to get a increased risk in using a lousy week and account death which is hopefully unlikely in case a trading well.

As mention, reduce risk doesn't reduce profit because you can lock the profit or never place the tight stop to provide greater opportunity for target. This needs to do an analysis and calculation for the setting.

The banter here has a bit wide of the initial motif, I feel.
This is a great illustration of how to analyse a system to find out whether it's well worth pursuing, and should the ficticious example results were true then this a workable system with a predictable return. What else would you ask for...?

Hello my friends, let's continue... this false example.

...

Trade only US session opening, at the 1m chart and only for two hours, using one indior sma100 plus a ratio 1:1 so SL 10 pips and TP 10 pips.
[color=black][size=3][font=Times New Roman]My entry point for market is when the price crosses from up to down the sma100 and the following candle open beneath the sma,...

@Please, I had been thinking for some time this has MM built in, but it does not. However it's not hard to add by specifying for example that 10-pips = 1% of account value (a whole other subject to discuss).

Thank you for the alignment of thinking.