How much will I be losing?

Most important question to ask before trading

IMHO statistics is all that works. I could not trade without statistics. Be it backtest statistics, or live performance statistics, couldn't do without them.

Do you think statistics work in trading?

The way I see it those stats concern long term profitability (let's say 1 year, +). I've seen lists showing profitable account % per broker posted here on FF before. Those lists show something like 25-30% average are profitable per trimester. ...

What does 90% fail actually mean?

I believe Forex will become more and more popular over time. Peaks and valleys along the way, of course. Concerning profitability, anyone can make money in FX, for some limited amount of time that is. No special skills required. Keeping that money ...

Is forex becoming less popular?

All of them. Seriously, though there's something sinister about clowns.

Can one patent a trading strategy?

Is your strategy that original that it's patent worthy? Just saying cause there's nothing new under the sun. Especially when it comes to money. PS: That evil clown scares the sh!t out of me.

Can one patent a trading strategy?

WTH! A LOL guy. What the f*** does that have to do with anything? It's real money live account results. Account run for sufficient time, and has a very large number of trades. 100% fit to serve discussion at hand: 'Need skill or luck?'. What ...

Need luck or skill for trading?

These results are not mine. They belong to a friend I know for some 20 years. Should have mentioned. Anyway, believe or not, there's hardly any luck in these results. If anything they show bad luck.

Need luck or skill for trading?

1.5 years worth of trading, almost 5k trades total. Luck?

Need luck or skill for trading?

In conclusion, this thread's purpose was simply to state: everyone's a retard, except for the 1 and only intelligent guy. And now a bedtime story: Have I told you guys about that time I found the Holy Grail, but tossed it away, cause I don't want to ...

Could this be an easy way to win in forex?

I find a lot of contradictions in your way of putting things. Why the need to build a system at all, if it's all luck? Also, it is perfectly possible to build a system aimed at winning the lottery. The important question is: will that system be ...

Need luck or skill for trading?

Hello alter. You seem an intelligent, educated person, so I find it odd how can you possibly suggest someone to use luck to their advantage? Considering your view on luck wouldn't it be better to simply buy lottery tickets, instead of trading FX?

Need luck or skill for trading?

Missed orabi's post. You made me go back and read it. Thanks for that. BIG LOL

Could this be an easy way to win in forex?

Clear crystal explanation Kateeus

Could this be an easy way to win in forex?

Easy. Consistent and random are not antonyms. Please carefully re-read Gumrai posts, as he was kind enough to explain.

Could this be an easy way to win in forex?

OP, I meant what I meant, fully understanding what you meant. You say it's "a consistently crappy indicator". I say it "generates random signals". We are talking about the same thing. No misunderstanding on my part. Btw, read very carefully post 17 ...

Could this be an easy way to win in forex?

Good post. I like it and accept most of it. It's virtually impossible to distinguish the amount of skill, effort, luck, whatever, in most traders results. However, I disagree with the way you see luck/chance role. Luck alone will never guarantee ...

Need luck or skill for trading?

X 2 Read Hannover's posts on the subject! Having proper money management skills without a proper edge, simply means you'll take longer to lose all your account balance. Death by a thousand cuts instead of the typical supernova account blowup. Also ...

Could this be an easy way to win in forex?

All things being equal, luck alone will get you nowhere 99% of the time. This applies not only to trading, but to anything one might try to achieve in life. That said, successful trading is 99% preparation (Call it skill/hard work whatever you want. ...

Need luck or skill for trading?

It is not rocket surgery, er brain science, er, I mean, you don't have to be too smart either... H1 trend... Is it not obvious, I'm not following 3rd screen strategy, simply using the EA, duh? You assume too much! Learn to give people some credit, ...

TCO Trader EA