OIY, you described sequence of result in 2 post. The point you make is about the streak of wins and losses, therefore expected PTV(peak to valley) drawdown, therefore we design the money management to survive this potential risk of ruin long tail ...

Flying Dutchman

Gambler's ruin is the reason why people lose money. Blaming misleading education or stupid is just the usual excuse.

Flying Dutchman

Let me try, P = probability, X = independent variable, n = sample space converging to limit

Is forex education misleading or everyone is stupid?

Page 56, 1110 posts, Lets get to the next level - markov chain.

Is forex education misleading or everyone is stupid?

We all know OIY by now. Nice name.

Is forex education misleading or everyone is stupid?

cT, I suggest you pm RickM to get the "education". No harm, right and I assume you want answers to your questions, that's what your thread is about? Pass judgement after you've received the education.

Is forex education misleading or everyone is stupid?

R&R volume delta is the here and NOW. See you gave me another chance to tout.

Is forex education misleading or everyone is stupid?

Before you say lazy what's the "homework" to practise? Traders got to "create" their own curriculum and hence "homework". God knows how to do that, don't ask. Idk It's what it is. Weird but true. Those who can(0.1%) and those who can't(99.9%). ...

Is forex education misleading or everyone is stupid?

Pete, Somehow it click for me today, both you and OIY talked many moons before. OIY gotcha, take the dog for a walk Hahaha....

Is forex education misleading or everyone is stupid?

Hi Pete, that's a good advice you give to wannabe traders. Most people won't follow though, they tend to believe learning comes from doing and doing it for real. If you don't trade live account it's not learning. Perhaps it's true to an extent. From ...

Flying Dutchman

Most people don't see trading forex equivalent to studying nuclear engineering. There's no pre-requisite to study forex trading. It's up to each of us. If we think it's "nuclear engineering" then it is for us. If it's just polishing our shoes then ...

Is forex education misleading or everyone is stupid?

Idk, I'm not interested if "whoever" is or not. One point though, if whoever is willing to start a thread to share the details of his strategy it's not a necessary pre-requirement to show proof of profitability as a validation of his strategy.

Is forex education misleading or everyone is stupid?

The "education" addressing directly this question how to make real money from buying and selling forex as a retail trader. Most of this "self-taught education" comes from investing "thousands" of hours of screen watching, private research and so ...

Is forex education misleading or everyone is stupid?

Hi cT, if you go through my posts I made my stand on another thread. It ruffled feathers, ofc offended people. It's my point of view. "Our" point of view comes from our individual knowledge and experience. And I can agree with you this use of the ...

Is forex education misleading or everyone is stupid?

Depends. If it's yours those are shitty lines. Some people need other retail traders to be "victims" to feel good when they win their trades. You're the dumb money, I'm the smart one, smartest on this forum. The rest of you are idiots, thank you for ...

Is forex education misleading or everyone is stupid?

Hi Pumi, I make my live calls seriously. In my conversation with Bilal in August I made this live call on Andy's thread. url Update - the August high 1831.70 was set on 4 Aug. Market tested this high 1833.95 on 3 Sep. Live calls allow readers to ...

1M Price Action System

That's why I take issue with all the misleading posts on forum. I take the trouble to post to highlight them that might offend some people. The more important thing I do is to post live calls. This way members who are interested can follow the call ...

The brutal truth of day trading

Update - I made this call more than a fortnight ago checking chart on my phone. The high hit 1.3913 on 14 Sep and the low hit 1.36159 on 22 Sep.

1M Price Action System

Thank god the swings are chaotically irrational. If not every Tom, Dick and Harry bank/institutional trader would read the swings correctly. There would be no money to make from these big boys.

It Doesn't Smell Right

"Veteran" traders tend to think they are at the maturity/optimisation stage. The reason is their account show profit and they are full of knowledge, experience and skill to make money. Assume you're a "veteran" roulette gambler. You know all the ...

The brutal truth of day trading