94840I don't think anybody said it is actually not possible.
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94840I don't think anybody said it is actually not possible.
94840Read ALL the posts!
94840Moments, was only having a laugh, Spam box Billion$:
'Tis good...
Lieu of news, did some of the financial experts believe it was possible for one individual trader to lose $7.8 billion without anyone having knowledge of it?
Interesting... assuming institutional traders are dealing across miniature spreads, it ought to be similarly simple to make $7.8 billion to lose it, assuming you have maniacal dedication to increasing your position while hiding it from your own firm.
On the other hand, the likelihood of turning 1k to 100k per week is too little to be relied upon. Imagine setting 7 sequential transactions in action (opening one as another closes) with ~100 pip goals at full 100:1 leverage. 1k, if all successful, could turn . Of course, if any of these failed, the account would be dismissed. I have run this kind of modeling with a MATLAB script, and of course the consequences of purely random trading should produce a normal distribution toward the side by the spread.
When this trader did actually have some type of trusted edge, then applying high leverage can produce these outcomes. However, you also must consider that, statistically, if 100 traders attempted the trading strategy I mentioned in the previous paragraph, on average 1 ought to have the ability to achieve these outcomes. If everyone on FF tried this system, approx one in 100 ought to achieve those fantastic results, but basically at the price of the other 99.
You have to admit, though... that your odds of winning at the FX game, even with no advantage, are much better than playing the regional lottery. Why high numbers of traders eliminate everything or quit? Poor money management and trade mismanagement. If we took absolutely random transactions with and T/P spaces, with price goals far enough off to make the distribute less than 2% of profits, we should as a community reach an approximately normal distribution of profits and losses. That's, 40-50% of traders ought to be profitable!
So take a lesson - make your trade goals large relative to the distribute, or locate a reliable, significant advantage. Learn how to exploit it correctly with great MM, and you may be one of those traders on peak of the bell curve.
94840since I subscribed I don't how to. Since the cash were borrowed meanwhile I have continued acute lossesof this has put me debt. That the interest is currently runing making it worse. And therefore I want assistance in a more personal way; educate me on what to do and reveal me a new trader. So pls take me in this level and wil be grateful if I could come out of debt with the support of your system.pls assist me. thanks.
Regards
praise001.
94840I'm sorry for the loss. It's very tough for anyone (including experienced traders) to earn money in Currency Market. It's so much easier - and more importantly, possible - . That's what money management is all about. Nobody understands were a pair will proceed at any moment. No one. Neither term nor long. Not even the most experienced and profitable traders in the world. Sure, they may have better guesses (OK, let's give them a little more charge - predictions)than the rest of us. And I suppose they are strict about money management. However, for them it's all probabilities.
So if you are not able to control your profits (and you are not, nobody can) - control your losses. There is not any replacement for hard worklearning, and hours of chart analysis. There is not any magic formula for turning 1k to 100k. Note that MG didn't always succeed with this, and he finally achieved this feat [or at least 99 percent of it] with house money. Had he possessed some magical formula, we'd hear a report from him.
Open a demo account, and trade it as you would a live account! It is not easy, as it is so tempting to start huge positions, or disregard losing transactions, etc.. Attempt to start a demo account with the exact same amount of money that you have or will have available for trading (Oanda, for instance, lets you do this easily). Be sensible, and see whether you can systematically earn profits in Currency Market. That means, a lucky winning streak shouldn't assure lifelong success to you. Take your time - there's no choice - and when you are absolutely sure that you've mastered this - only then - consider going.
Be honest with yourself. Trading is not for everybody. IMHO, if you can't go through what I've described (or even better, seek guidance from a more experienced trader), give up trading. You might be giving up a potentially profitable business - but you stopping your losing streak.
Some traders analyze their equity curve as they analyze price action. I suppose yours could demonstrate a downtrend. Among the most important rules in gambling is that the trend obviously this one isn't, but you need to make sure it does not continue! It's not easy to reverse these tendencies, so I wouldn't jump on trading bandwagon until you are sure this [equity curve] trend will reverse.
Forget about making fast profits . Won't happen. Sorry to dissuade you. Open small positions, reduce your losses and let your transactions run. All on your demo account, of course. Great luck, and will the market gods be with you.
94840Hi every body,
I would like to post letting all you understand I discovered a great feed method. We know that the clarity20/20 of hindsight in tradable markets and in life.
Wazzuvius, you said last week you were interested in screen shots of the zup indior(which is the only indior you really need).
Therefore, when Wazzuvius cites this I remembered reading from the zup material that screen shot would be the ideal type of feed back. I new this although had not researched it usage.
I found, through my Gmail account on google, That they have Google PICASA2. Picasa2 permits you to see images and organize them for upload to google web files for public or private viewing(with or without password). The really cool part is if you have a roller scroll button its much better, when you have the screen shots on your hard disk and your seeing them in Picasa2 you can scroll through your own screenshots. If you scroll though your screen shots it is like a small picture of the market movements.
I have uploaded quite many screen shots of imrans program and those that have the Zup73 and zup73/zup71 tpl that there aswell.Many of you probably already do this, however, I have learned a million time more in a couple of days than I have in months and I want to share how trendy Picas2 is and want to talk about it with you so that you also can see exactly what I mean by small film.
I especially think this picture style feedback essential to learning Zup because when the market proceed you can't recreate exactly what the Zup does.
If you do try checking out my web albums you'll need to find Picasa2 and you might have to find a gmail email account And you can scroll through this screenshots faster if you download the screenshots. I realize you may already have similair progr to scroll.
I have screenshots of 5m-Imrans, 5m,15m,30m,60m,240m,daily and weekly(one or two) charts screenshots of GBP/JPY and gold . I attempted to keep the consistant but perfect. But, there are some feedback here.
Because everyone
e AKA MoneyJunkie
http://picasaweb.google.com/pipimint
want to add that when anyone trys to get gmail and they tell you that you want a invitation to gmail just private message me and I will try to invite one. I have not invited any one and I do not know whether they need an invitation now a days but if they do I will get you in there when I can.Thanks again everyboby.
Also, you may set picas2 to search certain loions or folders when it is on.It's such as picas2 was made with screenshots and traders in your mind,therefore, image viewing.When I take a sceen shot and save it, even when picasa2 is on, a tiny window shoots out of the border of the display notifying picasa recieved the photo or screenshot. Just want to mention that with the Zup indiors,I discovered that if there's absolutely no pattern being diplayed that every sigle time that the price touches key ratios to prices that the price instanly varies directions. I have been able to enter trades way beforehand and I use the system as comformation of Imran. The 15m and 30m using the Zup are powerful regarding there ratios. In a really brief time with proper feedback like what I am sharing today you wil thes ratios as you becume farmilair withem and the ratios are highlighted automatically by the zup. Go through my screen shots and you'll see you'll be in trades that will blow your minds and hope them and how these ratios are.
Please Allow Me to know what you think about all this since I have learned that, like another great trader once mentioned in a similair way, that,
Where feedback flows, intellect develops
-e/MoneyJunkie
Last edited by, Now 12:14am Rationale: want to over and over
94840HI Guys
I am going to post updated Demark Trade outcomes shortly at my blog. Stay tuned. .
42607So what filter did you enhance your H1 trades?? It'd be great if you can share it
94840Completely disagree with you on all counts. Sorry:--RRB-
The COT report does give you a BIAS for the future trading week. Fib amounts are a mathmatical fact that assist analyse human behavior. Look fibonacci on wikipedia up and you will observe that those numbers come up time. Allowed price action could be arbitrary times but if you've got a CONFLUENCE of occasions you exchange has a better prospect of being succesful.
These tools are only part of this arsenal.
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