It’s several other issues beyond market making; believing in indicators and strategies, lack of capital, leading to margin calls through the use of excessive leverage, not understanding probabilities and risk...

Real reason why 99% lose - daytrading

He’s on the right track, as you know “pivot point trading” is the only method I’ve found that works consistently over many years, now if a light bulb could go on and he could figure out how to automate his strat, then he might be onto something. ...

Successful traders are very, very rare to find

Dear god, you whoppers are desperate to fool yourselves; undercapitalisation, leading to excessive use of leverage, is one of the prime reasons retail gamblers/traders fail. As for central banks and the authorities not wanting to kill retail ...

Real reason why 99% lose - daytrading

Nope, it’s closer to 70% losing, but you have to take on board how that data can be twisted, for example, that might be the actual losing bets, but the amount of losing traders might be much higher. A French authority report had losers at 90% and ...

Real reason why 99% lose - daytrading

Spot on, just defer to the experts on the success rate as opposed to those on FF, you know like brokers, technology suppliers and financial authorities, er, basically those who see the opposite side of the bets. So then, let’s see where these ...

Successful traders are very, very rare to find

So you're clueless and addicted to online gambling? Good luck with the issues.

Real reason why 99% lose - daytrading

Clueless.

Real reason why 99% lose - daytrading

Delusional.

Real reason why 99% lose - daytrading

Davit and his his pivot trading? Hmm, it’s ok. Until he can automate it’s just knee jerk guessing, with an edge. I’ve seen hundreds of these threads over circa 20 years. If it can’t be coded it can’t be taken seriously.

Real reason why 99% lose - daytrading

Er, do you even code bro?

Real reason why 99% lose - daytrading

Wtf relevance does that have to my post?

Real reason why 99% lose - daytrading

Are you confusing Buffett with Soros? Buffett’s firm doesn’t trade, they invest (although you could class that as position trading if you were being pedantic) and nowhere in Berkshire Hathaway’s report do they mention positions in FX, as a ...

Real reason why 99% lose - daytrading

“Tried”, wtf does that mean? Two, and then you gave up, try harder, learn how to code, use metaquotes forums, even FXCM will help you learn the basics of using Python.

3% a day?

Oh I remember you now, the “move to London” guy. You’re not receptive to advice, but wtf, you’re young, you have to make mistakes, own them. As for ‘proof or validation’, as I’ve stated before; on whatever forum, or face to face, I always rely on ...

3% a day?

HudithePfupf speaks so much sense, and backs up his statements with facts, retail traders should pay attention.

Forex - A negative sum game for losers

I was having a chat with a coder/software developer on Thursday, his firm helps create many of the retail platforms you retail traders use, ignoring the fact that these platforms are gamed like one armed bandits to stiff you, we got onto the subject ...

3% a day?

No, you don’t have to be extraordinary, you have to exist in a fantasy, twilight zone, where unicorns roam and shit rainbows.

3% a day?

Trebling your account size in three years? That’s an outstanding performance to aim for. Realistic aim too...

3% a day?

Yes, pivot points, you’re welcome.

Any non-repaint indicators that work well trading forex

What risible nonsense, automate, then the problem disappears. Can’t or won’t automate? Then you’re either too lazy to learn MQL, Python etc, or your method is a joke. If your method can’t be automated, then you’re still at guessing/seat of the ...

Trading and Ego