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Trading is not a money making machine. There are a lotta factors which need to be looked at & all those come with time and experience. Initially i would recommend you to practice in demo account for atleast 6 months. Coz dis is market, nuttin is permanent here. Every day is a new day. Even the biggest analysts make mistakes. Risk Management is also one of the major factors which should be taken into consideration. All the Best!!!
I don t really believe in demo accounts to be honest,
it s like playing poker without putting money in!
you can for a month or 2, max, but you will learn best n real money accounts
I don t really believe in demo accounts to be honest,
it s like playing poker without putting money in!
you can for a month or 2, max, but you will learn best n real money accounts
You are correct, but I think he means you can best start trading a demo account in order to learn and develop a system.
I would say trade a demo for a few months, then start with a small budget and is this works out you can throw in the big money.
in my opinion, those who trade demos for a short time, and especially the ones foolish enough to start with 50K USD fake money, do themselves the greatest disservice and join that exclusive 95% club faster than anyone else in the universe.
Ive been teaching a small group on demo for quite a period of time and while i average 350 pips a day, many are coming up fast behind me, which is to the good, as i see it.
My thoughts revolve around the simple thoughts of how brain surgeons and pilots are taught, with BOTH having a large amount of "simulator" time.
The problem with teaching and learning forex is there is NO real method that teaches the DISCIPLINE of trading and teaches it WITH discipline which allows ANYONE to decide at ANYTIME that they are ready to go throw their money in a large hole.
My ideas hinge on doing it on demo for so long that its horribly boring BUT you start to manage over a 90% win rate --- at that point, you can then face the psychological problems of using REAL MONEY which alters your trading by a quantum leap.
But if you NEVER have to think about doing a correct trade and ONLY have to think about managing your money, you become so far ahead of the others that there is no comparison available.
For that reason, based on true teaching and learning principles, I firmly believe you must learn how forex WORKS far more importantly than learning some "system" that may or may not work for your method of trading.
Unfortunately, the world wants it simple and earning significantly more than the best brain surgeons, while completely possible once equity is built, takes a bit more than a few weeks or months in the simulator --- it takes KNOWING what the market is doing and being able to anticipate its moves.
Personally, while I know its an impossibility, i would love to see that 95% rate reduced to something like 25% but as long as people continue to spend only a short time on demos, trust in a system they dont even understand and keep pouring money into the system (which simply LOVES you for doing it) there are gonna be tons of losers every single day !
enjoy and trade well
mp
Quote:
Originally Posted by jova
You are correct, but I think he means you can best start trading a demo account in order to learn and develop a system.
I would say trade a demo for a few months, then start with a small budget and is this works out you can throw in the big money.
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
X that by 1 lot, and you're a millionaire in a couple of months.
Include the facts he supposedly runs a hedge fund with a average post per day rating of 5+
He must be the biggest pile of shit here- it's your choice to listen to him- he thinks he's a messiah.
Quote:
Originally Posted by mp6140
in my opinion, those who trade demos for a short time, and especially the ones foolish enough to start with 50K USD fake money, do themselves the greatest disservice and join that exclusive 95% club faster than anyone else in the universe.
Ive been teaching a small group on demo for quite a period of time and while i average 350 pips a day, many are coming up fast behind me, which is to the good, as i see it.
My thoughts revolve around the simple thoughts of how brain surgeons and pilots are taught, with BOTH having a large amount of "simulator" time.
The problem with teaching and learning forex is there is NO real method that teaches the DISCIPLINE of trading and teaches it WITH discipline which allows ANYONE to decide at ANYTIME that they are ready to go throw their money in a large hole.
My ideas hinge on doing it on demo for so long that its horribly boring BUT you start to manage over a 90% win rate --- at that point, you can then face the psychological problems of using REAL MONEY which alters your trading by a quantum leap.
But if you NEVER have to think about doing a correct trade and ONLY have to think about managing your money, you become so far ahead of the others that there is no comparison available.
For that reason, based on true teaching and learning principles, I firmly believe you must learn how forex WORKS far more importantly than learning some "system" that may or may not work for your method of trading.
Unfortunately, the world wants it simple and earning significantly more than the best brain surgeons, while completely possible once equity is built, takes a bit more than a few weeks or months in the simulator --- it takes KNOWING what the market is doing and being able to anticipate its moves.
Personally, while I know its an impossibility, i would love to see that 95% rate reduced to something like 25% but as long as people continue to spend only a short time on demos, trust in a system they dont even understand and keep pouring money into the system (which simply LOVES you for doing it) there are gonna be tons of losers every single day !
MP -- aw shucks, I havent even made guru yet -- Messiah is a long way off !
well walander, you know my claims and you know ive proven them repeatedly on this site and every other that doubts.
while your math is close, remember that is what i produce in a day, but the fund has to give to those who come first, which is not me (remember "give unto caeser that which is caesers" a little while back in the posting) cause they happen to be the ones with the money.
as far as my average posting, its prob higher than 5 once i get going, simply because i can set 10 trades and just let them come into profit by themselves --- its REALLY not a big deal although it does take some learning !
and absolutely NO messiah complex here --- I would rather be the teacher Hillel who started the whole thing---- he never got crucified and lived to a ripe old age!
What I do wonder about though, since youre so ready to attack a proven asset in the forex world, is whether or not you have any particular AGENDA that may COST the newbs for the information you share --- if so, that would certainly explain your hatred of me giving it away for free !
enjoy and trade well
mp
Quote:
Originally Posted by Walander
MP Claims 350 pips a day
X that by 1 lot, and you're a millionaire in a couple of months.
Include the facts he supposedly runs a hedge fund with a average post per day rating of 5+
He must be the biggest pile of shit here- it's your choice to listen to him- he thinks he's a messiah.
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
I know you like to mislead people- and I can prove that.
The other thing I can prove, is that you've NEVER proven your claims.
Thanks.
Quote:
Originally Posted by mp6140
well walander, you know my claims and you know ive proven them repeatedly on this site and every other that doubts.
while your math is close, remember that is what i produce in a day, but the fund has to give to those who come first, which is not me (remember "give unto caeser that which is caesers" a little while back in the posting) cause they happen to be the ones with the money.
as far as my average posting, its prob higher than 5 once i get going, simply because i can set 10 trades and just let them come into profit by themselves --- its REALLY not a big deal although it does take some learning !
and absolutely NO messiah complex here --- I would rather be the teacher Hillel who started the whole thing---- he never got crucified and lived to a ripe old age!
What I do wonder about though, since youre so ready to attack a proven asset in the forex world, is whether or not you have any particular AGENDA that may COST the newbs for the information you share --- if so, that would certainly explain your hatred of me giving it away for free !
MP -- fortunately, this is exactly what i expected !
my claims have been proven a number of times, and that is known by all who partook in the last donnybrook around here and as far as misleading people, my alleged mind requires a bit of prodding on that subject to see where you wish to go !
Youve all accused me of having some commercial interest and using teaching as a simple method of "hooking" a newb, yet NO ONE has ever come forth to verify that silly claim.
If you choose to rehash what happened years ago in a yet still not understood situation involving a trading loss between me personally and another, understand that i have offered him relief a number of times and that the original situation has still never been satisfactorally addressed and explained.
THEN was a long time ago and NOW is a whole different ballgame and there is absolutely NO BLEMISH on my record with NOTHING but freely offered and given information, education and personal assistance when asked for and needed.
As I stated, I would rather be Hillel then the crucified prophet Jesus --- I would rather teach slowly and reveal truths, but of course when i came back here i expected this greeting and am fully prepared for what shall come forward.
Fortunately, the more you blow smoke, the more come to my side and actually learn to trade, and the higher goes the membership of any site Im at (can you bring over 300 K people in one week ?)
enjoy and trade well
mp
Quote:
Originally Posted by Walander
I know you like to mislead people- and I can prove that.
The other thing I can prove, is that you've NEVER proven your claims.
Thanks.
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
You're banned from multiple forums for a reason- I don't need to "Rehash" anything to prove that.
The other thing is, you don't get BANNED from MULTIPLE forums for no apparent reason, its quite obvious the reason is uniform across each.
You've continued your claim of 350 pips a day,which is nothing more than a wishful statement- this claim has NEVER been proven. or verified by anyone.
You've also continued your unwanted rants about how perfect your methodology is. You seem like a perfect fit for a Scientology- crazy, egotistical, and methodical.
You pray on desperate people- and guess what? Still no proof of your method ANYWHERE.
What I get from you, is nothing more than what you can derive from a serial killer. A profile of insanity- and an image of a god.
and the higher goes the membership of any site Im at (can you bring over 300 K people in one week ?)- look, another one of you claims to build some sort of falsified credential. Can you even prove this one along with a myriad of you other claims MR. Hedge Fund? You know, the one you could never even produce a name for? How pathetic.
Quote:
Originally Posted by mp6140
my claims have been proven a number of times, and that is known by all who partook in the last donnybrook around here and as far as misleading people, my alleged mind requires a bit of prodding on that subject to see where you wish to go !
Youve all accused me of having some commercial interest and using teaching as a simple method of "hooking" a newb, yet NO ONE has ever come forth to verify that silly claim.
If you choose to rehash what happened years ago in a yet still not understood situation involving a trading loss between me personally and another, understand that i have offered him relief a number of times and that the original situation has still never been satisfactorally addressed and explained.
THEN was a long time ago and NOW is a whole different ballgame and there is absolutely NO BLEMISH on my record with NOTHING but freely offered and given information, education and personal assistance when asked for and needed.
As I stated, I would rather be Hillel then the crucified prophet Jesus --- I would rather teach slowly and reveal truths, but of course when i came back here i expected this greeting and am fully prepared for what shall come forward.
Fortunately, the more you blow smoke, the more come to my side and actually learn to trade, and the higher goes the membership of any site Im at (can you bring over 300 K people in one week ?)
MP -- this is becoming a road trip and taking away from any help i can offer
I really get under your craw, dont I ?
Quote:
Originally Posted by Walander
You're banned from multiple forums for a reason- I don't need to "Rehash" anything to prove that.
Im banned because Im not one who likes to listen to people who dont have a clue as to what they speak of, giving forth advice that is incorrect and I step on many a toe and many of those toes belong to well established people on the site --- guess who gets banned.
I DONT get banned for what i say or what i prove !
The other thing is, you don't get BANNED from MULTIPLE forums for no apparent reason, its quite obvious the reason is uniform across each.
PRECISELY and Ive outlined the reason above. Additionally, Ive stepped on many a toe that is offering PAID information, and that is not liked much either !
You've continued your claim of 350 pips a day,which is nothing more than a wishful statement- this claim has NEVER been proven. or verified by anyone.
I presented my statements on THIS SITE a few times --- it was there at that time and i will do so this time also !
You've also continued your unwanted rants about how perfect your methodology is. You seem like a perfect fit for a Scientology- crazy, egotistical, and methodical.
I think i have to accept all three of those, although scientology is best viewed as a "group" that takes care of its own, essentially like the Mormons and is nothing ive ever been involved in.
I am crazy like a fox, have a VERY healthy and happy ego with tremendous drive which places me where i am now and am nothing BUT methodical --- NOTHING wrong with any of those traits if one is interested in success !
NOWHERE have i ever said that my method is perfect if only that I HAVE NO METHOD per se --- what i have is an understanding of when, where and what the market is doing, no different than any other successful trader. I use VARYING METHODS, dependent totally on how the market is acting and i can do that because i am not LOCKED into doing my trading just one way,using just some "system !"
You pray on desperate people- and guess what? Still no proof of your method ANYWHERE.
Ive prayed WITH some desperate people, but never have i PREYED on them --- for years now, you and your cohorts have accused me of preying on newbs, and yet after spending close to a year teaching on my site, kindly show me ONE PERSON who will state i ever used them for my own purposes --- in fact, you will find nothing but praise from those who understood along with many thanks, while one or two grumble because i didnt offer them a get rich quick scheme.
What I get from you, is nothing more than what you can derive from a serial killer. A profile of insanity- and an image of a god.
Thought we had settled that G-D thing already --- you want a G-D, go find someone aside from me !
and the higher goes the membership of any site Im at (can you bring over 300 K people in one week ?)- look, another one of you claims to build some sort of falsified credential. Can you even prove this one along with a myriad of you other claims
I imagine your administrator noticed the increase in viewers and if i could find my old stuff here, you could count the readership also --- that might satisfy you, huh ?
MR. Hedge Fund? You know, the one you could never even produce a name for? How pathetic.
[b][i][color="Blue"]While I had long ago gotten permission from the members of the fund to release daily statements of my trading, no one has yet agreed to the release of its name --- highly possible that may happen though, so keep reminding me.
BUT i will say this, since you know my name you should have no problems referencing the name of at least one of my corporations which just may be the right one --- why not just do that ?
enjoy and trade well
mp
__________________ KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
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