Can anyone make a complete thread about: 'how to make profit'?

[michaellobry]

If you’d like you can help out also by posting interesting threads below:

• threads to extract sentences about ‘making profit’
• and contains intellectual discussions
• you can also summarize a thread, if you are going to read it anyway.

---

The beauty of "Market Randomness" and the science behind it

The video below, and how it describes “entropy” all in all sums up why we get our arses handed to us in forex so many times. “The way things and energy can be arranged based on random motion” is how entropy is described within the video. Essentially, I look at us placing orders as the spark/catalyst of Entropy. We place orders based on market randomness, thus ignoring the basic rules which trumps the randomness of the market. The basic rules of the market is that, it will do 1 of three things no…

The beauty of “Market Randomness” and the science behind it

What I've learnt after 4 years of Forex Trading

I’m a computer programmer who got into FOREX trading about 4 years ago. Since then, I’ve been analysing this market, and this are my conclusions: This is a random market. Market moves (considerably) only when news comes out. Your broker will not quote you when market moves considerably. Your stops will be ignored and your money management strategy will be ruined. Of course, this does not happen when you backtest a trading strategy. You’ll be profitable only while you are lucky. Do…

What I’ve learnt after 4 years of Forex Trading

Its impossible to make money from forex through technical/fundamental analysis

All markets, including forex, are too efficient for anyone to ever make money from it. The movements in forex follow a random walk. No one, not retail traders, not big banks, not even insiders, can predict where the market will go. Everyone who speculates on the forex markets will lose money. Out of 100 trades, they will make money half of the time, and lose money half of the time. However, they will lose slightly more than they gain, because of the transaction costs. This has been proven for …

Its impossible to make money from forex through technical/fundamental analysis

Strange Effects: Trading on a random system

Someone in William Eckhard office played a prank trade competition. He used a random -walk model. 95 percent of traders did worse then a purely random trader would. They would have done better if they had rolled I dice. This point could be the most significant Point regarding being a good trader. Go to page 234 of "The New Market Wizard" And read about what William Echhardt has to say, immediately.

Strange Effects: Trading on a random system

A Real Trading Edge, Quantified: Trading and Stop Management

I took a poll here in the Babypips community for the most popular time frame that people use for trade execution. To my surprise it’s the daily time frame, which is great. But from my time on this board, I hear the neophyte traders screaming 2 things over and over, Can Someone share a profitable strategy? And Why do I keep getting stopped out so much? The broker must be hunting my stops! I am here to bring you a quantified result to help you get an understanding of what your 2 failures are in th…

A Real Trading Edge, Quantified: Trading and Stop Management

The correct way to win at Forex

Market is an almost stochastic process. Almost because it has some bias like trends, pivots, fibs, psiho levels, etc. If you want to win you have to fight against the market with its own weapons : randomness. To use randomness we should define stochastic processes inside stochastic process of markets. The simpliest process I can imagine is to place 100 random orders with the same SL and TP. In time, the equity will oscillate along an average value which ideally would be the initial balance. A…

The correct way to win at Forex

Is it worth forex trading

i am new to forex and am bit sceptical about this business. i have researched on google and found a lots of negative about this business. Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus. Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you ar…

Is it worth forex trading

Is Forex Gambling?

Somebody closed this thread before I don’t know who and why So I am starting this again. Feel free to post whatever you like. i think forex is not gambling. forex needs a lot of knowledge to learn and there are many many systems out there. while gambling doesnot require any knowledge and you can start gambling in seconds.e-g to play on roulette table you dont need to master any strategy or skill just place your bets on the table and if you are lucky your number will come up. we should not com…

Is Forex Gambling?

Are the neural networks the ultimate Holy Grail?

Are neural networks the ultimate Holy Grail? Because they look to me like that, if you are able to predict the market with just 51% accuracy and limit your RR to 1:1 you have a holy grail. So the neural networks do nothing more than just learn past data (lucky if you have 20 year historic data), and learning the mini fluctuations they calculate what is the probability of X movement will generate Y outcome, and output the most likely ,according to my understanding. That means if you have a huge…

Are the neural networks the ultimate Holy Grail?

High Frequency Traders

I guess I shouldn’t post this, because I am sure there is a lot of debate about it. But, I believe and I don’t see why not, that in the near future computers will trade the markets. Traders, real people, all they will have to do is open an account and let the fast computers and software do the work. Or at least the software will. Why can’t a software program track the markets by analyzing the market data and then inputting the orders, stops and enters. I know we already have software that do…

High Frequency Traders

HFT - High Frequency Traders/Trading

I am pretty curious to know if we have many successful High Frequency traders here on babypips. But most importantly I would like to hear about the issues have You encounter before or encounter often when it comes to High-Frequency trading? What do You expect from a broker when it comes to HFTing?

HFT - High Frequency Traders/Trading

---

If you’d like you can help out also by:

1. Picking a thread above;
2. extracting 1, 2 or more sentences (mainly focused on ‘how to make profit in forex’) and then post them in this thread;
3. add questions behind your sentences (if needed).

FOR EXAMPLE
“When testing your trading system, make sure it has a positive skew (many smaller losses and few big winners).”

→ if the statement clearly needs an argument ‘why’, then add a question behind the statement:
Why do we need a positive skew?

→ readers of this thread will then discuss (answer) it. Because the goal of this thread is:

• building a complete overview on: making profit.