Demo vs. live - Page 5
Page 5 of 6 FirstFirst ... 3 4 5 6 LastLast
Results 41 to 50 of 51

Thread: Demo vs. live

  1. #41
    Join Date
    Mar 2016
    Posts
    388
    Quote Originally Posted by scmonds View Post
    business is business, only the product is different.
    So, how do you explain very successful businessmen failing when they try new ventures - I find it hard to believe Richard Branson and the like wouldnt fully understand any business they were considering entering prior to entering, yet they still failed.

    i went live from day one
    I'm sure you've said before that you paper traded for a year or more before you went live, maybe Im mistaken
    Last edited by CarlosRay; 04-21-2017 at 07:41 AM.

  2. #42
    Join Date
    Sep 2010
    Location
    Cheshire, UK
    Posts
    2,210
    Quote Originally Posted by scmonds View Post
    business is business, only the product is different.
    This may be true when you are a salesman, selling a tangible product to real people - with the only variable being the product knowledge.

    However, it really has no resemblance to FX trading as it FX trading fails to illustrate the characteristics recognized with businesses selling tangible products; other than knowing how to work on your P&L.
    Last edited by Jezzode; 04-21-2017 at 08:07 AM.

  3. #43
    Join Date
    Aug 2015
    Location
    Singapore
    Posts
    160
    For mi until now I don't see the amount I trade. I hide the amount. I don't want the amount to district mi.... I just focus on getting pips. Only look at the amount after cost the trade

  4. #44
    Join Date
    Sep 2008
    Posts
    40
    just because your successful in one business dosnt guarantee your successful in another.
    that would be like saying usain bolt would be successful in long distance running or throwing, just
    because he is good at sprints. while it would help it dosnt guarantee.

    live from day one in 2002 when it was first opened up to the personal retail market. in my neck of the world
    Last edited by scmonds; 04-21-2017 at 03:44 PM.

  5. #45
    Join Date
    Sep 2008
    Posts
    40
    Quote Originally Posted by Jezzode View Post
    This may be true when you are a salesman, selling a tangible product to real people - with the only variable being the product knowledge.

    However, it really has no resemblance to FX trading as it FX trading fails to illustrate the characteristics recognized with businesses selling tangible products; other than knowing how to work on your P&L.
    the forex market is first and foremost "selling and purchasing a product, cash" thats what commissions and spreads are. you are buying a product "cash" and selling "cash" as well as paying for access into a market. in simple terms.

    I ask you this. in your mind where does a bussiness start?

  6. #46
    Join Date
    Sep 2010
    Location
    Cheshire, UK
    Posts
    2,210
    You buy nothing in the fx markets, it's speculation. Hence, there really is no 'hard' delivery, it is simply a bet...

  7. #47
    Join Date
    Sep 2008
    Posts
    40
    Quote Originally Posted by Jezzode View Post
    You buy nothing in the fx markets, it's speculation. Hence, there really is no 'hard' delivery, it is simply a bet...
    you didnt answer my question

    The foreign exchange market is the "place" where currencies are traded...

    definition of traded:
    buy and sell goods and services..

    definition of a business:
    an organization or economic system where goods and services are exchanged for one another or for money

    hopefully the above has cleared that up for you
    Last edited by scmonds; 04-21-2017 at 09:42 PM.

  8. #48
    Join Date
    Mar 2016
    Posts
    388
    Quote Originally Posted by scmonds View Post
    just because your successful in one business dosnt guarantee your successful in another.
    You're original statement that 'business is business, only the product is different' doesn't stack up, and the above statement seems to contradict it. If 'only the product is different', then why isn't success guaranteed? If success isn't guaranteed, then 'only the product is different' is wrong, you can't have it both ways.

    live from day one in 2002
    Quote Originally Posted by scmonds View Post
    i have been live trading 6 months now, after about a year and a half paper trading.
    I knew I'd read this somewhere, and this is dated 2008 not 2002
    Last edited by CarlosRay; Yesterday at 07:30 AM.

  9. #49
    Join Date
    Sep 2010
    Location
    Cheshire, UK
    Posts
    2,210
    Quote Originally Posted by scmonds View Post
    you didnt answer my question

    The foreign exchange market is the "place" where currencies are traded...

    definition of traded:
    buy and sell goods and services..

    definition of a business:
    an organization or economic system where goods and services are exchanged for one another or for money

    hopefully the above has cleared that up for you
    And what exactly are you buying or selling in the FX markets, scmonds?

    Neither goods or services - speculation.

    A fine difference.

    Would you like some help on this, I believe their are some lessons on it in the babypips school

    hopefully the above has cleared that up for you
    Last edited by Jezzode; Yesterday at 05:28 AM.

  10. #50
    Join Date
    Sep 2010
    Location
    Cheshire, UK
    Posts
    2,210
    Quote Originally Posted by CarlosRay View Post
    You're original statement that 'business is business, only the product is different' doesn't stack up, and the above statement seems to contradict it. If 'only the product is different', then why isn't success guaranteed? If success isn't guaranteed, then 'only the product is different' is wrong, you can't have it both ways.


    I knew I'd read this somewhere
    absolutely - we all know what is going on here...

    Quote Originally Posted by scmonds
    Live from day one

    Quote Originally Posted by scmonds
    i have been live trading 6 months now, after about a year and a half paper trading
    The problem with 'adjusting the truth' based around what you want others to believe is that there will always be someone one step ahead.

    Unfortunately, there are no lessons for this in the BP school, Scmonds.
    Last edited by Jezzode; Yesterday at 07:09 AM.

Forum Sponsors

Similar Threads

  1. Demo v Live Account
    By Lagger in forum Beginner Questions
    Replies: 19
    Last Post: 04-26-2008, 04:17 PM
  2. Trading Habits; From Demo to Live.....
    By raz in forum Beginner Questions
    Replies: 5
    Last Post: 03-09-2008, 09:08 PM
  3. Demo and Live Account
    By traderlady in forum Beginner Questions
    Replies: 30
    Last Post: 12-06-2007, 01:31 PM
  4. Demo vs. Live
    By gotpip in forum Beginner Questions
    Replies: 4
    Last Post: 06-29-2007, 07:51 PM
  5. demo vs live
    By sameer666 in forum Beginner Questions
    Replies: 7
    Last Post: 05-25-2007, 07:38 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"You control your life by controlling your time."
Conrad Hilton