There is no Holy Grail
Page 1 of 845 123 ... LastLast
Results 1 to 10 of 41

Thread: There is no Holy Grail

  1. #1
    I'm sorry to squash anyone's dre, but there is no effortless means to creating a living from Forex.

    We all go through precisely the same thing. We get in, believe we will wind up wealthy in 6, 12, 18 months ahead and then the market humbles us.

    That you wish to understand how 90% of successful traders make constant money from Forex? The answer is a decent account dimensions ($25K ) coupled with a traditional money management system.

    Would you understand how easy it's to generate a 2% profit each month? It ain't hard, but on a little account that is not going to be enough to meet your desire for profit and so you will over trade or take on a lot of risk to acquire higher profit. This is what kills accounts. Of the assumed 95% of Traders who go bankrupt, just how many do you believe began with $100K? My wager is not many. Why is this?

    The larger your account the less aggressive you've got to be to earn a living.

    Say you'll need $2K a month to live fairly comfortably. With a $10K account you want to generate a 20% profit each month. With a $100K account you only have to earn 2% profit. Which account is most likely to supply you the income you want?

    I do not mean to be a bummer, I'm just trying to place the odds in your favor. A larger account does this, strict cash management does this and ultimately, maintaining your expectations in reason is going to do that.

    Study, practice in presentation and if you go live I wish you luck.

  2. #2
    Yes, there is no holy grail - that's a given. However, on accounts with small equilibrium, sorry, cannot agree with you on this one. Some of those professional traders started using the micro account and proceeded on into the big league in the future. Of course starting with a decent account setup is great but that does not imply that all mini and nano are done..just exactly the opposite.

  3. #3
    Quote Originally Posted by ;
    I am sorry to squash anyone's fantasies, but there is no effortless way to making a living from Forex. Most of us go through precisely the exact same thing. We get in, believe we will end up wealthy in 6, 12, 18 months ahead and the market humbles us. You want to know how 90% of successful traders make constant money from Forex? The answer is an adequate account dimensions ($25K ) combined with a conservative money management system. Do you know how easy it is to generate a 2% profit each month? It ai not hard, but on a small account that Isn't likely to be enough to meet...
    X 10 ($250 K )

  4. #4
    Quote Originally Posted by ;
    I am sorry to squash anyone's dre, but there is not any effortless way to making a living from Forex. We all go through precisely the exact same thing. We get in, believe we will end up wealthy in 6, 12, 18 months ahead and the market humbles us. You wish to understand how 90% of successful traders make consistent money from Forex? The solution is a decent account size ($25K ) coupled with a conservative money management system. Do you understand how easy it's to generate a 2% profit every month? It ain't hard, but on a small account that isn't likely to be enough to fulfill your own...
    Sorry but that's a load of crap. Account size means nothing.
    The difference between a successful and an unsuccessful trader isn't the account size, but his trading platform and his comprehension of the market.
    The cash management employed will only let you know how quickly you'll lose your whole account (requirement: you get a crappy trading platform). So your 100K account might go bust in five decades, as you have this type of conservative money management, while a 10K account will go down within a few months or one year time.
    And earning 2% profit each month consistently (on your trading life: 30 years) isn't easy (except that you only count your winning trades). Your edge needs to be undeniable. And if you do not know when you have an edge, then you most likely don't have one and will surely lose your whole account, however big it is.

  5. #5
    Quote Originally Posted by ;
    I am sorry to squash anyone's dre, but there is no easy way to
    Yes, you are right. There is no holy grail, but we can trade market inefficiency that's present for a while.

  6. #6

  7. #7
    Quote Originally Posted by ;
    Trend line is the Holy Grail.
    What's trend line? How you define, that trend starts or ends? How you pick start point for fashion line? Think that about the fashion line can speak previously. It is impossible to determine trend prior to this fashion line is shaped. But if this fashion line is formed and we could sayit's TREND. . We can not tell, this conclusion of this trend or not.

  8. #8
    I believe Lib3rty is centring his discussion not on what constitutes a profitable trader but instead on what constitutes a revenue-generating trader: original, achievement; then, volume i.e. account size.

    So, yes, , The difference between a successful and an unsuccessful trader is not the account size, but his trading platform along with his understanding of this market is arguably right but achievement don't pay the bills if the end-of-month equilibrium is positive, but small.

  9. #9
    What is trend line?

    Google it

    How you specify, that trend begins or ends?

    When it's broken up the trend ends

    How you select start point for trend line?

    Last 2 fold points

    Believe that about the trend line may talk previously.

    The history repeats it's self

    it's not possible to determine trend earlier this trend line is formed.

    That's why you WAIT

    However, when this trend line is formed completely, and we can say, yes it is TREND. . We can not tell, the end of the trend or not.

    When it is broken up the trend is busted.

  10. #10
    Your reasoning is like at a casino, win or not (fashion broken or not). 50/50. Require justifiion and not guesswork, fashion or not. With this egy, you'll be the loser.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.