Thanks for your response to my points. In response I’d like to make a few points.
First of all, I have never claimed to be trading with real money. I very clearly say that I am using a demo account.
Your statement ‘it’s a DEMO account is a joke, it is useless’ is at odds with the large majority of advice I’ve been given, such as ‘practice with a demo account until you are consistently making (virtual) profits’ and quite frankly when anyone in the forex community simply describes something as a ‘joke’ I’d be inclined to ignore them.
You do not back up your statement with any kind of fact. Why is trading with a demo account a ‘joke’? Is it because it doesn’t replicate liquidity issues, fill times, slippage, high demo account balances negate the need to worry about margin requirements, the psychological effect of trading with real money instead of fake money ect? If you’d addressed these points you may have validity.
How successful are you at making a profit out of the forex market? We would all love to know, and if your are successful, then we will give your statements some validity.
Your bad grammar and use of abbreviations make me suspect you are not the latter in point 4 of the above.
quick answers because i’ve got better things to do in life than this
1 - you didn’t admit to trading demo until post #11
2 - quantity of advice is not the same as quality of advice
3 - it’s a joke because of ONE thing: psychology and the impact that REAL money has on you and your behaviour
4 - private info, never disclosed to anyone, not even family or closest friends
5 - grammar is perfectly fine, no abbreviations or acronyms are used (other than standard english contractions)
5.1 - oh, i’m sorry, you’d want me to properly capitalize every first letter of a sentence as if i were writing a book? it’s too ineffective for what is basically a transient piece of communication. see point 2 above in regards to quality.
Haha brilliant, you’ve just qualified your posts as being complete junk, along with the majority of others on this forum!
1 - post 11 was my first post!
2 - oh, so we should just trust anything that comes out of your mouth, whatever you say?
3 - Now we’re talking. This actually makes sense.
4 - Well, maybe that’s because your loosing money? We’ll never know will we! Haha
5 - Personally I’m less likely to believe someone that writes ‘cuz’ instead of ‘because’.
5.1 - see point 2 above.
Great more time on this forum wasted.
The more I read these forums, the more I trust myself.
speaking of crap grammar… “because your loosing money”. i should beat you over the head with a shovel. YOU’RE. and LOSING.
personally, i’m less likely to bother giving advice to someone who can’t differentiate between your/you’re, their/there/they’re, lose/loose, we’re/were, its/it’s, et al.
Great! So now we know you’re a successful, professional trader who can be completely trusted when is comes to giving advice of all kinds in relation to Forex. You’re brilliant! Thanks so much!
Fair enough! I’ve never used Meetpips etc, just prefer to trade quietly my own way and exchange ideas on here from time to time. That is becoming harder, recently, though - too much aggression etc creeping in. I think you’re on the right track, though, if you expect most posts not to be useful, if I’m honest. Sad but true.
I’m really sorry that you feel that not many are answering questions around here. The tone of the place has changed over the past few months -opinions were very polarised during a pretty sorry period on here, and now we have a raft of members who respond to most who post advice with ‘prove your results or shut up’, which many on here find confrontational and a definite shift. Many experienced members have left or post less. Personally I have withdrawn heavily from posting advice outside of a couple of old threads as I just get potshotted by clowns who can’t trade as I don’t have a myfxbook account.
I don’t claim to be a master trader, not by any means, but I’ll look in on your thread and see if I can post a thought or two.
Hi Simon, yes fair enough absolutely, I can see why you might like to do that. One thing I’d say that you might consider, is that if nothing else, myfxbook.com does allow you to see many stats and details about your trading that it’s difficult to see just by using ones own journal. I keep a personal journal, but also love the detail in the charts and data that a site like myfxbook gives me. For example, it wasn’t until someone on meetpips.com pointed it out to me, by my longset loosing streak since the beginning of the year was 2 trades. That’s something I’m quite happy about and reassures me that I’m doing something right! Also, you don’t have to make your stats public - you can keep it all completely private. Personally I like making it public because it exposes me to people making comments on what I’m doing, and hopefully that will make me better…
i just use Excel (or LibreCalc) to pull stats from my trade history. i can analyze it a number of different ways, and it’s simple to set up too, and since it’s local i don’t need to be online to do any crunching or analysis. but it’s not something i’d share with anyone - “just cuz”.
Yes, I agree with you. I think those who fail to filter the noise in a public forum will have difficulties as traders as well since there is plenty of noise in the markets and in charts.
It is very much true as i have seen myself that most of the times traders are not at all clear in which way they must trade and hence the problems of actually having a good plan takes a vital importance
