Everyone with half a brain already knows what your EDGE is, Viper. Its fading IncreaseNow and deadbroke!!!!!!!!!!!!!!!!!!!!!!!!!!!
Everyone is missing the fact that the FOREX forums are like incense to the malcontents, perpetual losers and troubled trolls of the trading world. IT IS WHAT BRINGS THEM TO ELITE TRADER. Once here, they spread their poison to other threads. We must nip this cancer in the bud by eliminating the FOREX FORUMS. If it has the word FOREX in it , it is poison to the entire elite system. Most will not understand, but careful observation proves this point again and again. A stand must be taken, a test done by removing FOREX forums for 6 months and the truth will be self evident. There is no question that the trouble is drawn here from the Forex forums. We must nip this in the bud by eliminating all Forex forums-- they serve no purpose and if Forex is demanded perhaps a spin off site to keep elite the elite of trading. surf
I was drinking a cup of hot Phoenix Mountain Oolong tea, when I read this and it ended up flying across my keyboard and onto my 27 inch LG screen. Now, I've got a serious clean-up job on my hands. Real markets, like Stocks and Futures - oh, and Commodities? Should I wait to pick myself up off the floor, after falling out of my task chair, or should I reply now? I left the good ole Stock Market, when I dumped the data from Forex into my early signal engine prototype, and saw that Forex data was superior to U.S. Stock Market data in many different ways. Forex data - according to my engine - has better overall predictive quality than does the traditional stock market. In Forex, you know what market moving news is coming down the pipe-line, well in advance, about 90+% of the time, if not better. The "Decision Tree" timeline is longer in Forex, as you have a full 24hrs (as an intra-day trader) to "get it right" an make a more reasoned decision. If you know what you are doing and you know what to look for, you can see trade set-ups from a mile away, because the market offers expansion of price behavior across the world's time-zones. If you get really good and learn which Economic Indicators & Reports are responsible for moving the fundamentals of the market, you can do quite well as a Fundamental Trader and have plenty of time to prepare for the days trading sequences. If you get really good at knowing which technical configurations have the highest probability for price behavior in a particular direction, then you can do quite well as a Technical Trader in FX. The ONLY thing that FX lacks (at the Retail level) is genuine depth, breath and scope of Vanilla FX Options, but in the not so distant future, that has a very good chance of changing. My point is that the data quality in FX, is simply unmatched by traditional equity markets. Once you learn FX data and develop the tools necessary to measure its pulse, you will never want to go back to Equity Stocks, Commodities or the illiquid Futures. As far as FX liquidity is concerned, when I used to trade Equity Options, there were clear problems with Open Interest. With FX, given its deeper liquidity, you can scale up or down our positions to maximize daily revenues and truly grow your capitally geometrically. True, geometric growth in the Stock market is tough, because you can eventually derive too much exposure in either one stock, or in one sector - else, you will need to take on the headache of managing multiple stocks in multiple sectors and unless you are a Quant Hedge Fund Manager with the proper tools, you can lay that pipe dream to rest. The average Retail Stock, Commodity or Futures trader, does not have the tools to properly manage that many stocks, across that many sectors, including the proper hedging technique included in a well run portfolio. From a pure intra-day trading, money management, access to liquidity, economic focus (including adverse economic factors) and stability, predictability and reliability of data standpoint (I'm NOT talking about platforms that freeze or hang), FX simply has no equal. The only way for you to realize this fact, is to study it thoroughly. Once you taste the combination of liquidity, inherently predictability of data, leverage and the benefits of having researched a good trading system that works; you will never want to go back - nor will you have the need to go back. I can't possibly imagine going back to trading Equity Options. Not at my current cost basis per trade. It would be a management nightmare. Yet, I can select a single currency (thought I use 6 total on each trade) and trade it to a level of profitability that is unheard of in the Equity Markets, for a singular stock, without becoming that market. I'd say, that FX attracts smart people.
Keep it up. You only need to type a few words (and spend less than 10 seconds) and he will write a whole essay to reply you (probably spend over 10 minutes or more). This guy has been wrting long posts I think he is the new Jack Hershey. Hope he sticks around longer to help clean up ET, seems he has alot of time on his hands.
That statistic did not start with Forex. It started with online Stock Market Day Traders, long before Retail Forex became so popular. So one could concluded that the less than successful Stock Day Traders of the 80's and 90's, were causal for the explosion of slacking results among the average Forex Trader. I'm not saying that's what happened, I'm simply saying that it could have happened that way. The smart people that I was referring to must be in the upper 5%, by definition. I'm in that group and have been for several years now. I also know personally, some individuals who are also in that group. I know of a man who sold his restaurant in Canada, because he joined the 5%. I know of another man who retired from a career in the tech business, because he joined the 5%. I know of a woman, who walked away from her career as an attorney (doing quite well), because she joined the 5%. And, I personally have never looked back on either of my careers wishing I could go back, because I have likewise joined the 5%. However, one of my previous careers was in service to my country and I hold nothing higher than that calling - regardless of the money I made in the private sector. Can you find a way to post anything other than rudimentary, non-relevant content, in reply to anything at all on this forum?
>>>> nothing higher than service to one's country? <<<< God (not a religious context) or one's own Higher Consciousness looks in dismay upon people who have a hand in slaughter of other people all of whom the former has created in his own image. So let me remind you ... there is no higher service and no higher or greater thrill than NOT TO KILL OR MAIM. Therefore the only ones who deserve any credit or merit in this regard are the few who said NO - one example being Cassius Clay aka Ali.
Incorrect! It did not start with daytraders either. Go back in time to antediluvian days and then go back still further even past biblical times. It started at the beginning of TIME and ECONOMY on this planet. The transference of wealth from the masses (the 95%) to the chosen few (the 5%) is the foundation of life on earth within the GAME designed by the gamemaker(s)