This may help. But what are the more detailed dichotomous key questions. I use 100 and they relate to six sectors of a persons place in life and how he got there.
I told you I was not going to show you anything but what's in the public domain. Becoming 3rd place isn't a joke your just making an Idiot of yourself just shut up and admit that I'm better than you
Assuming it's true and then already there is a flaw in the logic. For example, in the decision #1 "Knowing how mind works", if the answer is "No" then the arrow should go directly to "F". There is no need to process the subsequent steps since whatever the outcome will be "F" anyway. So why losing time to calculate if we already knew the result? Conclusion, whether there is some truth on this reasoning or not, the answer is BS.
The whole '90% lose all their money' lose all their money myth is just another 1 of those 100s of idiotic statements that float around on trading forums!! (Like the 'trend is your friend', 'risk 2% your account with good risk:reward ratio works in real life', and all the other nonsense that people who are shit at trading lecture others on instead). Its a totally idiotic myth 1stly because when people start trading they will normally start with a few hundred - a few thousand pounds capital. 1. They will either lose some of that money, and will then decide to just to longterm trading (investing), or will decide that they just dont find trading fun and so will do other stuff in their spare time. 2. They will start making a few hundred quid profit per day/week on average from their capital, be pleased with that as a nice easy ta-free 2nd income stream, and so will just keep doing that and withdrawing the profit on a daily/weekly basis. SO after about 3 weeks they will have already earnt and withdrawn their starting capital, and so just playing with profit money. (So no matter what happens they cant end-up with a net loss overall) After 6months - 1year they may decided that they want to start doing other stuff in their spare time as trading is boring, and they have had a few losing weeks, (and so lost the capital that they had in their account from the last time they withdrew the weekly profit), yet overall they will have made many many thousand of pounds profit from the stockmarket over those 6months. 3. They could start with a few thousand capital, be an infrequent swing trader in a low-volatility market like FX pairs, only making 1trade every few months which they hold for a few weeks, but due to their patient style of trading they may make a few thousand profit for every few weeks that they hold each trade, and then 3month later when they make the next trade they will earn a few thousand more. This could every easily steam-roll on for 10 t 15years, yet they wouldnt be some kind of expert trader, just an average trader making an average 2nd income. But so after thoe 10 years he may decide that hes very bored of how dull n lonely trading is, and so will withdraw all his capital and use it to spepnd it on enjoying his life instead of spending his life starring at a screen! Theres just way wayyy to many people on here who are shit at trading, tehy stick a few thousand quid in an account, barley make any trades and the few they do are all tiny profits or losses so they end up just B/E forever. Yet they seem to think that the act of them merely ''not losing money'' means that they are now an expert trader who is skilled and experienced enough to lecture others on forums!!
that's gotta be the most moronic post ever on elite trader. Nice going buddy Fx pairs a low volatility market. Beahshahahahaga. Now u here it all. What an assclown
Just read the prfloguc and this thread you will quickly see the dreamers time wasters and basic assclowns attracted to and fleeced by wallstreet yearly
Yes FX pairs move extremely slow and dull style, often taking hours n hours to just move 100pips! For a wimp like you that may be considered as fast and high volatility..., But for many many other people that is considered extremely slow and dull. When you feel confident enough in your ability come and try out trading crude oil... If you think your little fxs pairs have decent volatility, come to my journal and try trading oil with us. Where a day with just a 5% range is complained about as being slow and dull!!
Have you ever seen inside a prop firm? Looks lime a bunch of homeless and malcontents like a smelly slot parlor. Lives losers are attracted to trading. Those who can't or are just too lazy to make it in other jobs. That's why most all lose. Then add the random trcky nature of stocks and it's a formula for disaster