Quote:
Originally Posted by Sendra
will you guys stop it?
Can you all see that he's just out here looking for some fun, cos he has already given up some times ago. Don't waste your time trying to tell something he has no guts to go on.
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You are very smart figuring out what I already wrote some posts ago: I'm here just for fun, because I ran out of money (I didn't know you needed 'guts' instead of money to buy and sell). Will you give me some?
BTW - I AM interested in other people's oppinions, be it about strategies or whatever, and I'm grateful to them for telling me, that's what I'm here for: to read what others say, and to hopefully be read by others.
So, again, that's what I've found out about forex so far:
The price movement is the combined result of the decisions of possibly millions of traders (or players) to buy o to sell or to close positions. These decisions are driven by fundamentals, technical analysis, individual strategies, and human emotions. Consequently, the outcome is totally unpredictable. It is random noise, where you have 50% of winning possibilities, as with the roulette, playing red or black. If we add the spread and/or comission for the broker, technically, you have even less than 50% of winning possibilities.
A good money management allows you to stay for longer in the game, but if you don' retire in time at profit, you will lose all your money sooner or later. That is simply, because you are playing with a finite capital (yours) against an infinite capital (the market). The market can't go broken. You can.
Does anyone know someone who retired in time at profit?
For any obscure reason, we all think that we can retire in time, or even that we can make a "steady income" out of it. If that was true, people wouldn't be selling and promoting a zillion of forex related products all over the internet. Because that's where the real market, the real steady income, is. I think, someday I'll possibly become a (conscient) part of that legion. In fact, I wonder how many of us are not already a part of it? Who did never talk (promote) some forex related product, he/she thought it worked, to others on forums or personally? The step of cashing in for doing this, is a very little one. Just think about it. I bet, many of you already did.
For those who absolutely disagree with me, I want to say, that when I started, I saw a big potential in trading forex. I was convinced that it was possible to make money with trading. It went all about following the rules: discipline, strategy, money management (never risk more than 1% or 2% of your capital), tight leverage, patience... till reality hit me.
In a highly volatile and leveraged market which is forex, you make a mistake, only one mistake, and you are done! You are human - sooner or later you will make that mistake. And then again you are at the point where this thread was started by crazybunny: what's the point of trading, if at best, you manage to break even?
And finally, why is it that all those who claim to be succesful traders, always try to sell you something, be it a signal, EA, strategy or whatever?
Even if they would be willing to share their success with others, selling products is always a hard work. Harder than trading. So why on earth would a successfull trader try to sell you something? If there really are successfull traders, then they must be damn hidden. But, hey, if I were successfull, I probably would disappear in the blink of an eye! So, if you can't stand me anymore on this forum, wish me success!
Again I had some fun writing this post.
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