what I don’t get, I can’t figure it out. The more I trade the luckier I get?!? Maybe I am just lucky because I am not using any stop losses?!? :slight_smile :Þ
I guess I need to start using some stop losses because that drawn down is killing me! and no stop losses is jacking my stats! look at that average loss, wonder if that is caused by no stop loss, hmm, prolly not related.
actually you do, if you want to, only thing the MM’s have is more money in their accounts, they are the ones who cause price to reverse where it does based on their LARGE piles of pending orders
No indeed. Of course we don’t. Realistically, retail traders don’t employ a research department full of PhD graduates earning big 6-figure salaries, which is why we need to select intelligently the basis on which we choose to compete with the top pro’s, and not be blind to the fact that when we trade, that IS exactly what we’re doing.
If you win on ar egular basis no doubt it is skill-but if you trade sometimes,try to catch an up or down move maybe a little bit news trading on the release, it is like betting soccer games livescore…
As for me for everything you need to learn. It does not matter what you study chess or forex. It is always necessary to learn and improve your level.
But there is such a thing as unpredictability. The forex market has it in full. No matter how you learn, no matter how you develop a strategy, it will sooner or later fail. Because forex is very unpredictable. It is not known who is up there telling the market where to go.
As for me for everything you need to learn. It does not matter what you study - a game of chess or forex. It is always necessary to learn and improve your level.
But there is such a thing as unpredictability. The forex market has it in full. No matter how you learn, no matter how you develop a strategy, it will sooner or later fail. Because forex is very unpredictable. It is not known who is up there telling the market where to go.
We always emphasis to learn Forex to keep survive in a proper way , but in spite of having best learning sources trading can be useless if there is no regular practice session. So, besides learning we have to be continued in practice if we want to bring good result by means of Fx.
I agree, the practice is also have great role. But only when you lost all your money during the practice. there is no longer any desire to trade at all.
Luck in trading is certainly important, although you shouldn’t count on it all the time, as at any moment it can turn its back on you. It’s better to rely on your skills, they are permanent and more reliable.