Reply to: The million dollar question

[scooterscot]

"And why is the American economy doing so well?"

"Because it's owned by China!"


It does not seem right that America should do well out of a situation of which they were the cause


Let's face it, the strong economies should not have joined with the weak until they were evenly matched, UK + France + Germany + Scandinavia, would have been a safe bet for the start of the Euro

[AtW]

You can get wise to these tricks and profit from "failed" setups which is what I do.

[HairyArsedBloke]

Absolutely hilarious video on why the euro is sinking...

The million dollar question | ForexLive

[SantaClaus]

Goldman

HTH

Your link regards equities, not spot forex. But sure, the dealers and big boys play tricks every day, such as stop running, fake price action. You can get wise to these tricks and profit from "failed" setups which is what I do.

[sasguru]

If the market was always truly random, do you think the likes of Goldmans would be trading it?

.

Goldman

HTH

[mudskipper]

Absolutely hilarious video on why the euro is sinking...

The million dollar question | ForexLive

We're all rogered.

[SantaClaus]

The plain fact of the matter is that if you have 10,000 day traders, say, and every year half make money and the other half lose money. Lets say the ones who lose money stop trading and are replaced by new traders at the end of the year.
After 5 years only 113 people will have made money in all 5 years and after 10 years only 9 will have made money in all 10 years, all through sheer luck.
Those 9 are the Buffetts and the Soroses.
Now Santa may join them, but the odds are aginst him.

You are right, 95% of traders fail to make money.
I have a network of trader friends who make money every day.
Surround yourself with good people if you want to be successfull and that is what I have done.

I guess that means I better get off this forum quick, or the negativity may cause me to lose money.

He's right though. If you are making money it's just luck, likewise if you lose. Since the underlying system is random.
HTH, but I doubt it as you have put your psychological barriers up to convince yourself you are right.

If the market was always truly random, do you think the likes of Goldmans would be trading it?

The market is random to different degrees at different times. You trade when the probabilities line up.

[SantaClaus]

Whilst my post may be deemed obnoxious, it was born from genuine curiosity as to how you are getting on. Yours on the other hand reeks of bitterness and spite. Fortunately your scenario of the contract market caving in and leaving me with nothing is far enough from the truth as to be laughable.

Don't forget to pay your tax bill before you gamble it away.

HTH

If you are genuinely curious about something, you will not find the answer by bad mouthing people.

I bid you good day.

[sasguru]

The plain fact of the matter is that if you have 10,000 day traders, say, and every year half make money and the other half lose money. Lets say the ones who lose money stop trading and are replaced by new traders at the end of the year.
After 5 years only 113 people will have made money in all 5 years and after 10 years only 9 will have made money in all 10 years, all through sheer luck.
Those 9 are the Buffetts and the Soroses.
Now Santa may join them, but the odds are aginst him.

[AtW]

Don't forget to pay your tax bill before you gamble it away.

[SofaKingdom]

That's a bit of an obnoxious thing to post, you moron.

I am doing well thank you and I won't feel sorry for you when the contract market caves in and you're left with nothing.

Whilst my post may be deemed obnoxious, it was born from genuine curiosity as to how you are getting on. Yours on the other hand reeks of bitterness and spite. Fortunately your scenario of the contract market caving in and leaving me with nothing is far enough from the truth as to be laughable.

Don't forget to pay your tax bill before you gamble it away.

HTH

[Sysman]

Absolutely hilarious video on why the euro is sinking...

The million dollar question | ForexLive

Brilliant.

[sasguru]

That's a bit of an obnoxious thing to post, you moron.

I am doing well thank you and I won't feel sorry for you when the contract market caves in and you're left with nothing.

He's right though. If you are making money it's just luck, likewise if you lose. Since the underlying system is random.
HTH, but I doubt it as you have put your psychological barriers up to convince yourself you are right.

[SantaClaus]

The million dollar question is have you stopped losing money in your new career or are you now sitting on significant profits from 2 years or research/losing?

That's a bit of an obnoxious thing to post, you moron.

I am doing well thank you and I won't feel sorry for you when the contract market caves in and you're left with nothing.

[SofaKingdom]

The million dollar question is have you stopped losing money in your new career or are you now sitting on significant profits from 2 years or research/losing?