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- Marv replied Nov 11, 2010
@Cindy and Nubcake, People who trade without charts successfully usually are those who rely on other types of information (other than the mere graphical representation of past prices), such as insider info, news/news to be released, etc. etc. Some ...
Ridiculous Trading Myths
- Marv replied Nov 11, 2010
Good reply Cindy. Keep one thing in mind though: "Those who say, know not. Those who know, say not." -Lao Tzu (most of the time anyway) And good luck with your journey. Ah, my bad. I will amend my post.
haha, indeed (if you want to put it that ...Let's be Honest
- Marv replied Nov 11, 2010
CindyXXXX, I'm relatively new to this forum, but you sound like a smart guy with passion and potential. I like it when people share their experiences, both good or bad. I do however think that you're wasting too much time with this. Listen to ...
Let's be Honest
- Marv replied Nov 11, 2010
The holy grail is a term that, when used within the context of trading/gambling, refers to a system/method/strategy/style/whatever that wins consistently. I'm saying that it's amusing to hear people say there is no holy grail, you just have to win ...
Ridiculous Trading Myths
- Marv replied Nov 11, 2010
Last time I checked, winning consistently = The holy grail.
Ridiculous Trading Myths
- Marv replied Nov 11, 2010
This one always gives me a laugh: There is no holy grail, you just need to consistently make more money than you lose.
Ridiculous Trading Myths
- Marv replied Nov 7, 2010
Yes but both are more likely to still risk 1-2% because that's what the common trading "education" says you should risk.
Ridiculous Trading Myths
- Marv replied Nov 7, 2010
That's just typical wishful thinking.
It is neither about their lacking patience or discipline or whatever we want to believe. The reality is least discussed or accepted because it is less appealing to the wannabe dreamy trader or the ...Ridiculous Trading Myths
- Marv replied Nov 7, 2010
Yes we all hate it, but it's true and proven that the market is mostly random. If you believe otherwise then please show me a system/set of rules that consistently beats it. You can't
because if it weren't "random" then a set of mechanical rules ...Ridiculous Trading Myths
- Marv replied Nov 7, 2010
Unless you can't handle the emotional swings, it doesn't matter if you lose 65% as long as you have a positive expectancy ensuring that you'll win in the long run. Call me aggressive, but I believe that if you have an edge, you should make the most ...
Ridiculous Trading Myths
- Marv replied Nov 7, 2010
Yes, that was my impression.
lol, you got that right. It's the typical newbie attitude. It's also the reason I never trust br0ker reviews and places like "Forex Peace Army" and "Forex Realm". They're never objective, only filled with newbies who ...OANDA Discussion
- Marv replied Nov 6, 2010
evil-brokers-who-took-my-money.com Of all the dickhead posts you've just made, this is the only thing I agree with. Just stay away from news releases folks.
OANDA Discussion
- Marv replied Nov 6, 2010
Some ridiculous trading myths off the top of my head: Price is not mostly random. Discipline/psychology, and money management are the keys to success. Money management alone can give you the edge. You need big capital in order to be successful/have ...
Ridiculous Trading Myths
- Marv replied Nov 6, 2010
You don't have to either worship the br0ker or hate them. Criticism and feedback is essential. If you have any experience with retail trading, you should already know that there is no br0ker who is 100% perfect. If you seek to trade with a market ...
OANDA Discussion
- Marv replied Nov 6, 2010
Agreed. For some businesses, being already widely known and successful is the reason they won't work their asses off to improve their (already selling) products. Like I said though, in my experience with internet-based br0kers, shit will pretty much ...
OANDA Discussion
- Marv replied Nov 5, 2010
If that's what I wanted to say, that's what I would have said.
Ok here's another post of mine that probably better explains my point: I am sure that the percentage of people who actually LIVE off of forex trading is even smaller than 5%. But when ...Thoughts on 50:1 Leverage