94840Couldn't have said it better myself. . .that's the actual point of this whole heated and unnecessary discussion...
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94840Couldn't have said it better myself. . .that's the actual point of this whole heated and unnecessary discussion...
94840Though you may not care when the results were performed on a real or demo account, the truth is they're two totally different beast. One of these largely being in DEMO you can have state 1,000,000usd and trade it using 500:1 leverage, which of course (from what I know of) is impossible to do in a live account, since the broker would not permit you to use 1m usd using 500:1 usd.... In essence the approach of demo traders, and currency traders are super distinct. Making the demo results worth almost 0.
94840I find that I agree with you on many counts....lol. To expand on this, the value of any egy or method put forward by anyone is when the trader feels comfortable enough to make trades on live account at a monetary value that is likely to make significant shift to his current lifestyle - that's a good egy/system that we would like to hear and talk about.
94840from my experience coming will loss that is Quickly so no need to Maintain a hurry,,,Little Comprising profit is better
94840Great that you make this oft quoted comment, and I want to dissect and research this presumably prudent approach a little.
The risk per trade is 1 percent of equity[a] and the yield per month is state 20%[b].
1. If the trader starts off with a small account of $100[c] at the end of a year (assuming returns/mth is maintained throughout[Id ] and compounded monthly remainder [e]) the equity will be $891.
2. If the initial equity is $1000, the equity will give $8910, $10,000 will give $89,100, $100,000 will give $891,000....and in the future.
There are a couple dependent factors denoted by these letters. Have a look at this structure and see whether this (forexer11 article ) is a sensible approach to achieve the aim (s) we have with our pride in this industry - note the various facets which can be properly evaluated where we can select to match our purpose. There is no one size fits all for everybody that has to take into account other factors apart from this structure, and it has to be tailored to suit the goal of every unique individual. The point is that we must recognise this hard truth and as traders the simple requirement is that we must trade with real cash at the hard right edge of this chart, strike a balance between risk and reward, to achieve what we set out to do rather than persist with a few dream dre on both ends.
94840As stated Im not concerned with live or demo cases, heck if I see a wild arse idea that interests me, I'll pull the data of attention, most probably be able to reverse engineer the trade/trades, have the ability to determine (in my view ) why/how the transactions were shot (or simply random guesses/likely hoax), subsequently prove out its own relevance/validity for my style, demo it and then determine if I would have the rocks to execute it using real coin and what dimensions, afterall someone could present the holy grail for everybody to view detailed in plain view but if I don't have the stones to execute with real coin its useless to me no matter the profitability. Account balances and leverage limits I believe relative in most scenarios, not all of course (and this would be part of this proving/validating process). Account balances/gains don't automatically ch my attention, its the means/methods of getting those profitable trades that perform, for the most part (once fear/emotion are disposed of) if it could be done on demo (brief of falsified screenshots/statements,, hoax etc.) it will still work (real coin) as long as one still has the stones to hit the button and do the same things. I've run several screenshots/statements through time, some are fair and some are absurd, like everything else in the world one needs to sift through things throw the bad out, keep the great. I maybe comfortable trading 50:1 on a system and more than 4:1 on another, it just depends.
A recent thread caught my attention, it entailed trading high leverage carrying 5 pip at a time after an hour or so,, what the heck I tried it (Ive used something similar of my own in the past) and it worked nicely for me, a few from the thread not so much, would I place a 1 mil live commerce with it,,,,, no I wouldn't have the stones together with this quantity however with 5 or so miniature lots I exchange it comfortably. So far as a 1 mil usd money in an fx account,,, yea I don't believe I would let that substantially sit at a retail account especially out of country.
94840I've been together with other forex forums(not ff alone) for about 2 yrs now. I see the point on your 2 articles over I did not see the validity at the start 2yrs ago until my busy involvement with members for a while that allowed me to know the'other side' of forums and how I can benefit from my involvement - there are dangers and benefits both sitting side by side - participants and readers must be aware of this by now, I assume they can't be naive if not overly bad. Now, following 2yrs, you and I agree. I take this sort of from the world claims or out of my world type of item? - IDEAS. I welcome from standard approaches that drive thoughts different from our - demo or live, short term luck or long term consistency, irresponsible MM, BS or otherwise. I still get new IDEAS - the maverick the greater. The BS though the so-called senior members harp on them day in day out don't realise it don't move the understanding needle one iota bit. Just make sure I am not lulled into parting my cash into a scam. For the record I have never parted and won't ever part cash to some person(s) other than to my broker as a consequence of trading, so I advise everyone does exactly the same. As far as forum goes, it's IDEAS I am after(not general but thoughts on specific matters about trading) to learn and improve my trading and that is why I am lurking here and elsewhere. As to my previous post about quality egy or system, that is my acid test to measure it's worth, which realistically will not be found on forum boards - no one components using their golden eggs let alone goose however they do slide nuggets here and there but then again don't pick up the dung that is lain everywhere. Here I agree with you the approach to reverse and re-engineer peeps that are other transactions, I've done that frequently and it has grown into an acquired skill in my toolkit. Iron rub iron, so that is my philosophy, I hope to come across traders who genuinely understand what they're talking about to have deep in-depth talks where both parties contribute and not 1 take from the other and I wind up do the lending away - that is 2 yrs of lurking and reverse/re-engineering attempts in numerous forums. For I've found none worthy except for the occasional nugget up till now I am doing it exclusively. 2 nuggets out of me 1. Nihilist knows something that many don't. 2. It the way the trader employs the indiors (I've posted this at the indior threads b4).
94840Sheeeesh, No wonder most people aren't making money in Forex....
All of the smart traders making all the moola are here in the Factory. . .lol
Never seen such a glowing lot to understand it all's in one place...
94840Yes, that's what I attempted to communie,,,, new fresh different ideas,,, even if they don't match you, seem at face value to be foolish to you in more ways than you, brake some or all of the old criteria, can you determine a way to make it better suited to you, use it, or work for you at a specific atmosphere. Who cares in an account balance or if its real or demo, take the offered idea and see if it's value to you in part, intelligently question , examine it, mold it into your likings and if/when you see fit use it or a part of it, but don't crucify the giver in the process even if an idea is a entire bust, it contributes to stagnation. Im a self taught trader with no prior background or aid, Ive picked up many nuggets here and on other forums and am grateful to those who fell a nugget or an idea.
94840....traders who've clocked a decade or more of expertise think similarly, I suppose.
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