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- gravitist replied Jan 20, 2022
Well, Mindaugas, I'm more than happy to help you out. Here's a blurb from Wikipedia: Leonardo Bonacci, Leonardo of Pisa, or Leonardo Bigollo Pisano ('Leonardo the Traveller from Pisa'[7]), was an Italian mathematician from the Republic of Pisa, ...
- gravitist replied Aug 26, 2020
1). Markets are not predictable - anyone claiming otherwise doesn't understand even basic economics. In fact, if prices were predictable, there would be no market. If the reader doesn't understand why that must be the case, they should immediately ...
- gravitist replied Aug 1, 2020
"Trend" is an ill-defined concept used by newbie traders who can't accept the fact market movements are mostly random. The very fact that you can find different "trends" on the same currency pair by simply changing timeframes tells you trends aren't ...
- gravitist replied Jul 31, 2020
I'm sorry to hear it took a loss of $300,000 to cause you to understand the nature of forex. That was an expensive lesson. Yes, market movements are for the most part random. That is indeed why randomly generated charts are indistinguishable from ...
- gravitist replied May 21, 2020
Brokers aren't the ones who move the market, so they're not gunning for your stops. Big banks run the fx market, not two-bit retail bucket shops.
- gravitist replied May 21, 2020
Do brokers hunt your stop-loss? No, they don't. However BIG BANKS do. They're the ones moving forex prices - they control the fx market, not retail bucket shops like Oanda. The banks aren't hunting your stops in particular, but they are seeking ...
- gravitist replied Apr 13, 2020
Why isn't everyone rich? Fair enough question. Mainly there are a couple reasons (a) trading any instrument (forex, futures,stocks) is a zero-sum game. When slippage, commission costs, are included, it's a negative-sum game. (b) Forex is a ...
- gravitist replied Dec 3, 2019
has anyone EVER seen a successful trader/trading system? Yes. However successful traders work at banks or hedge funds.
- gravitist replied Nov 20, 2019
Indicators don't work. Period. Most retail traders use them and not surprisingly they lose money. What should that tell you about indicators? If they worked, we'd all be rich now, wouldn't we? Regarding randomness - on short-term charts (the ones ...
- gravitist replied Nov 20, 2019
Forex companies such as Oanda or FXCM always have a spread to make sure they always make money. So the question the thread-starter poses is a moot point. If you're a retail trader, there will always be a spread. So a better question is which ...
- gravitist replied Nov 1, 2019
Yes, the past always looks so predictable, so orderly. Too bad we can't trade last year's charts. But of course I'm just one of those mean old skeptics - I'm sure parisboy made billions trading Google last year ....
- gravitist replied Oct 30, 2019
If it sounds too good to be true, it probably isn't true. This is a scam.
- gravitist replied Oct 23, 2019
Hey...what about Volume? Yeah, what about it? Spot FX isn't traded on an exchange (maybe LMAX is changing that), so there is no reliable volume information. Possibly one could use volume data from currency futures, but that is a different market ...
- gravitist replied Oct 11, 2019
"W.D. Gann and H. M. Gartley were two of the most successful traders of our time." FALSE - Gann's estate when he died was appraised at about $150,000. While that was a lot of money in the 1950s, it's not millions. Some years later, Gann's son was ...
- gravitist replied Sep 18, 2019
"W.D. Gann and H. M. Gartley were two of the most successful traders of our time" Whenever I read that, I know some huckster is trying to sell something.... Here we go again.... W.D Gann made his money SELLING the trading systems he invented. At the ...
- gravitist replied Sep 15, 2019
It is NOT possible to predict price movement. In fact, if it were, markets wouldn't even exist. If you don't understand that statement, you shouldn't be trading.
- gravitist replied Sep 13, 2019
How do you learn to trust yourself in trading? You can't. You either have confidence in yourself or you don't. You can't learn that, it can't be taught. You either have it or you don't.
- gravitist replied Jun 26, 2019
Hmmm.... I don't place much faith in indicators - by their very nature, they're lagging. However, I don't think this can be a winning strategy. For one thing, 1:1 is unrealistic. There's always slippage due to the bid/ask spread (which varies ...
- gravitist replied Jun 26, 2019
Out of curiosity I read the pdf on George's Trading System. Some of it was OK, a lot of it was nonsense and not even self-consistent. On page 1 we're told "Terminology that has no meaning and should be avoided for this system (in the traditional ...
- gravitist replied Jun 7, 2019
I just came across this forum, but already I find some very troubling statements. "1% to 3% Per Day? All things are Possible" Oh my lord! Magical thinking and wishing on a star are not trading strategies - they are recipes for financial disaster. ...