That’s what I am trying to explain. You can’t have expectancy in 1 independent event, and 1 even is absolute random, but you can have expectancy figures with long term.
That’s why I say you are a gambler because you don’t even understand the nature between Roulette and Forex. Do your maths, you can’t have any edge in roulette because the edge already on the house side. Just like trading binary options, only a silly person will do that. Paying 1 for getting 0.75 or maybe 0.80 max. It is just same thing in roulette, you have 37 results and it pays you only 35. Do those simple maths. Just like those Baccarat, the most played table games in Casino. You can’t see any edge there if you are simple minded person. The edge is created inside during drawing of card. Why you have to pa 5% commission when you win in Banker side? It is because 51% on Banker and 49% of Player. Do those maths and don’t compare those already exist edge in a party.
LoL. I really never heard that before, but thanks for the advice.
I am pretty lucky that the current contract I am holding for 1 on 1 doesn’t have this kind of person. Otherwise, I will quit no matter how much they pay me.
[QUOTE=“MurderOfCrows;658725”]jadd806 Do you trade Fx or are you crusading? It might be escaping the majority of retail speculators but in fact - notice I am speaking matter of fact - there are high odds approaches to speculating in all asset classes. Moreover this remains even further true in the Forex market. Expectancy has nothing to do with this business. It is all about the money and not math. This you can be sure of.[/QUOTE]
He dose not trade trade forex he just surfs around babypips trolling, I don’t think some one like him can understand the simple concept of trading
He doesn’t know 1, doesn’t mean it don’t exist 1. I know 1 from UK , pure Price Action and Technical Trading. Thank god I met him, and he taught me a lot of skills. Otherwise, probably I am still frustrating in trading forex. He trade all by himself privately. Please ask him whether he is willing to double the profit if I asked my mentor to show him the 5 years record? I don’t have 5 years yet, otherwise I will challenge him.
By the way, I don’t like talking blank words. He is still making employment on those freelance website and since 2011 he is employing on trader to trade with his system.
You can look at his employment there as well, but if you are the one who put “EXPECTANCY” on single event, forget about applying. He need high intelligence person to work for him. Otherwise, 2 weeks he will fired you. If you think you are high intelligence, fast learner, not with those own ego, you can try to apply. He is a very good person, very good trader, very profitable private trader, and you got educated and paid as well.
Jadd806, you’ve become really boring and repetitive to read.
Move aside with your “I’ve seen the light and so I no more trade fx and now, I must convert everyone to see the light” logic. Why do you even ask for cases of traders who have been profitable for x years when even if someone shows you one, you’d just continue arguing about how that trader is an “outlier”. I guess it’s just one of the steps in your trolling routine. From your inability to quit trolling the babypips forum, 4 months after you quit trading, you sound like one of those guys who can never let go of a failed relationship. Anyway mate, you really should work on getting a life.
Therefore, I am strongly argue with those saying you can’t profit in random results, Support and Resistance is useless, Clean Chart Trading is profitable. My whole team trade with only Support and Resistance, Channel and Trend Line, and we don’t trade clean chart, we trade only clean area. Indicator? Do helps but not much. S/R are much much more important than those EA or Indicators. Stop wasting money on purchasing those EA. Common sense and think about it. You build a daily turnover of USD 4 trillion business, will you sell it with couple hundred of bucks or even couple thousand of dollars? It don’t make sense at all.
Always draw your chart, don’t be lazy. Trading is difficult, but drawing is much much more difficult. In trading, you just need patience. On drawing, you need a very good visualization and reaction. If you have good drawing, you are much more likely to become profitable trader.
You know what? I also starting don’t really wanted to stay on forum. As I shows clearly, will someone hire another trader with more than USD 50k spent in a couple of years if they are not profitable? I have given the whole link, and those are a real proof. Why so care about how much others earned if you can’t do? What you got after they shows their results? Getting you to envy on them? I am not trying to advertise anything here. I got a good contract as Forex Consultant, Stock Consultant, MaM Manager, Forex Mentor. All of those are good for me and I am just trying to help. But it seems because a lot of people of their own ego and born nature being the right one, when they can’t do it, they start to spread with their own belief that this thing can’t earn money.
I do have a trading journal in BabyPips. It is live, not a big profit last month, USD 4k+ only. Is that enough as what you mentioned on McD salaries? I do update regularly, and almost daily if I am free. But it seems to me, a lot of still struggling in trading, trying to give advice, but not really a lot of them appreciate that. You know how much I charge in current contract for mentoring? USD 18/hr, I am providing free advise here. Unfortunately, there are too many pro here who still not profiting but acting to become a Pro.
I really don’t know why people so free to asked for other people result, but don’t want to take those precious time and realize their own mistake. What you got if they are really profitable? Start to begging them to teach you? Or keep asking how they did do that? It is really damx funny for this kind of people. What you get when people show you? You start to envy, start to dream about it, start to make more mistake because of anxious. No point isn’t it? If you still can’t earn, that means you are still far from it.
Spend your time more on education, look where you went wrong, why people can but you still can’t instead of asking here and there for people to shows you how much they earned. You don’t know how much effort people had put in to earned that money. Ask yourself, what effort you have put in this business? If you don’t think forex is a business, just remove all your MT4 or whatever forex account in your PC, shut down your PC and move to interview on McD. You don’t wanna put effort, but you want the money come to you? Y still day dreaming and asking for other people results? No point if you don’t have the belief.
4H and DAILY is the best to look for direction. But if entry, M15 and M30 is the best for me. M30 are more preferable because M15 need higher level. The highest level in trading are using TICK chart for entry, still learning on that and I am still far away I think.
You have to trade multiple time frame to have lowest DD and Maximize Profit. If looking entry higher than M30, you are too late to know what’s gonna happen. Maybe 1H is good, but I still prefer M30.
torulf39 jadd806
If both of you think trading can’t make even a McD salaries, I will advise you both delete any related on Forex, shut everything down. No point doing something if you don’t have the belief. If you don’t have the belief, you won’t do well in Live Session Trading. The 1st Important Rule to become profitable in trading is Executing Without Fear and Hesitation. You don’t have the belief, definitely you execute with fear and hesitation. Don’t waste your time anymore, life is short.
This guy has a [B]website[/B]! They don’t let just anybody have one of those!
And look at his trading statistics at the bottom of the page! So transparent! You know they’re true because nobody would just go on the Internet and tell lies!
By the way, I used AdBlock on that page so you wouldn’t get any revenue. Let’s be real. If you were an actually profitable trader you wouldn’t waste your time trying to market your website. Just like Johnathon Fox, Niall Fuller, Chris Capre, and all the other “gurus” on BabyPips. None of them could turn a trading profit to save their own lives. But why waste your time gambling in the Forex market when you can sell a pipe dream to over-eager, ignorant newbies?
See, always there are excuses when someone better than him. The founder or co-founder is Suisse, I am an Asian. Are you blind or what donk? I think you really do have some problems. You can’t see people are more successful than you? I think not some, you have serious problem. I am 1 of MaM Manager there, of course I have to provide those figures, donk. I provide the website not ads, I want you to read if you don’t have belief, just remove your MT4 and get the xxxx out of Forex. Don’t put your naive mindset to other people when you are a failure. I am not asking you to follow me, and it is full of transparency in DEMO with my trade. My trade is on LIVE account, that’s what you mentioned you can’t even find a McD salaries, but I can in a week of trading. So you can see how failure you are with your view?