The high rate of failure has less to do with the traded instrument and more to do with the people trading it. Retail Forex trading just so happens to attract a vast number of people who are inclined to fail. The currency markets don't inherently ...

Forex as a Future?

Thank you for sharing, Gibson. The two prominent themes in your post, and in the replies here, seem to be regarding: 1. The notion of 'consistent profitability'. 2. The notion that the trading game is impossible to beat. People seem to take sides ...

Forex as a Future?

You're still at it, huh? Well, I have to congratulate you on your persistence in chasing an argument that was never directly made. My original post was being critical of the way ideas were communicated, not the idea itself directly, and not, least ...

The Big secret to trading success

Another internet for this fine gentleman.

The Big secret to trading success

Alright, you win an internet sir. To be very honest, im not even sure what you are on about and I only replied out of amusement. Your overreaction to what really isn't a controversial point (a call for clarity of language in discussion) tickled me ...

The Big secret to trading success

Thanks. To clarify; the idea that was expressed is simply this: - Referring to 'timeframe' without specifying sampling interval and lookback period is ambiguous. - It makes more sense to clarify both parameters beforehand. Therefore instead of ...

The Big secret to trading success

Oh wait... you actually, truly, believe the illogical tripe that I debunked? Oh dear me, Im so sorry for challenging your pseudo-science. It must mean a lot to you. I guess I should have realized from the irrational reaction. Sorry. Ok, friend, you ...

The Big secret to trading success

Ad hominem. Self-referential garbage. Strike two.

The Big secret to trading success

Ad hominem. Looks like I struck a nerve.

The Big secret to trading success

Alright, rant time. The past page has gone into the topic of 'timeframes'. I shall take this opportunity to rant a little about a pet peeve, of course this is directed at nobody in particular and at FF in general. When people talk about Timeframes, ...

The Big secret to trading success

Hmm? I didn't say anything about investing 'to the last penny'. Portfolio construction refers to strategic allocation of funds among different markets saying nothing of the percentage of personal net worth invested. Back to your point; great traders ...

Is Forex trading worth it? If so, why?

No shortage of those in markets. "There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying or selling ...

What is the most important piece of advice you've received?

Well, plenty of people 'loved' Forex and still were extremely successful in losing money. On the other hand, there are traders who only dedicate a small portion of their portfolio to Forex and are very profitable.

Is Forex trading worth it? If so, why?

The reason is apparent. Profit is made when a speculator opens a trade and then closes it after price has trended in the trade's favour. As I have already said, words like 'contrarian' are ambiguous as it refers to a contradiction of convention, ...

The Big secret to trading success

lol thanks. That difference is actually very superficial. The distinction between a drawdown in 'your own starting balance' and 'market's money' is purely psychological/emotional. At least, thats what I believe when it comes to assessing a system.

The Big secret to trading success

Trend following is a pretty contrarian style of speculation. But ok, I shall discuss your point more seriously. Of course, 'contrarian' is one of those heavily misused words on FF. Ive seen a lot of pet ideas about what constitutes being contrarian ...

The Big secret to trading success

I comprehend the concept but I do not accept it. I do accept that our reality is defined by our own subjective perception of it but there is an objective reality that is indifferent to humankind. But I guess we should leave it at that and go back to ...

The Big secret to trading success

The ones I know of follow trends.

The Big secret to trading success

To avoid misunderstanding, let me cut to the chase. The net winners I know of follow trends.

The Big secret to trading success

Both.

The Big secret to trading success