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[topcat275]

Hi ,
You have all this info on forex but not how to trade. thanks anyway

[initialsBB]

Originally Posted by static

If the odds were not in favor of the casinos (or brokers in this case) they would not have millions of dollars to build huge resorts in the middle of the desert. In the same vein, you could say that the odds are absolutely in favor of the brokers by means of the spread that we have to pay, assuming that the market is completely random and that there is no way to predict which way price will go.

I read this quite often but this point is quite misleading. Brokers are essentially service providers - you pay for their services much in the same way as you pay for TV or internet access. Typical scenario is that you hire them because you think that by trading you would realize profit. So, this you-lose-they-always-win attitude is wrong. If you lose money it's your miscalculation, not that some greedy and cruel broker is taking the money away from you (although maybe there are such, but the good ones are usually transparent).

[Lhar_moneytec]

how to beat forex market, I hope this will help

1. Eliminate the necessity of making market predictions by replacing them with a strict systematic approach in an otherwise discrete trading environment
2. Identify statistically significant trends and chart those trends to estimate directional probability of the next market movement
3. Detect signs of a false trend line break that, in reality, could be confirmation of an ongoing trend continuation
4. Choose currency pairs based primarily on their liquidity, activity, and average amplitude of fluctuations
5. Select money management principles based on situations, trade systems, and current market conditions
6. Understand, and profit from, the observed behavior of banks and other financial institutions that drive Forex price movements

[CashSplash]

Its best to just improve your strategies and trade along with others. One thing I learned for the past couple of years is never to try to beat the system, you will just end up in a bad situation and is not worth it.

[kilua29]

Originally Posted by jgerousis

Many traders have been trying for a long time to beat the forex. It is not easy. If someone comes and look at forex and how prices move, he would say it is easy. But it is not. It is very difficult, it is even difficult to make 1 pip! In forex you cannot have a guaranteed 1 pip. If someone does have a system to make a 1 pip "guaranteed", I will make him a millionaire.. oh no a TRILIONAIRE. Why? Because you can repeat the process again and again, and leverga it more and more! But this 1 pips guarantee is impossible.The main barrier to achieving this is the EDGE. Forex has an EDGE over us, the traders. Take for example the casino. Take the roulette. The edge in the roulette is the green zero, when playing on colors. And when playing on numbers, the edge is the payout. In Roulette there are 37 numbers. But if you guess the number you will win 36 to 1. Taking for granted that the outcome of the game are random numbers, then if you play for longterm you can never win. The same happens when betting on black or red. You get paid 2-1, but if the outcome is green, you lose!The same thing happens in forex. Do not tell me that forex is not random. If you look at forex closely you see that market moves in patterns or trends, but if you look at it from a wider view, the market is just a random market. NO ONE knows the outcome, even Bernanke. Because how traders act towards news, only God knows.Now, the Edge in forex market is the spread. Because everytime you enter a position pay for the spread. Before making any winning, you will have to counter this spread. If we suppose that we do a million random trade, we would not end up breakeven, but losing. This is why people say that all systems in longterm LOSE.This is a fact. But, one should be clever enough to come up with ways to eliminate this edge.The following are some suggestions and ways to eliminate this edge, which forex has over you.
1. USE a dealer which gives you the least spread available in market
2. USE a dealer with no comission
3. Use good exit strategies in winning trades (take profits)
4. Use wider stop trading. This is an important issue. Because according to above, you will tend to end up losing the longer or the more you trade. It is better to trade less and win more. For example, if you acheive your target for this month, you should stop trading until you see the conditions are favorable again. The less you trade the more chance you have to end up in profit.
5. Every pips counts. Try to save pips. See my previous tips "real trader's tips"
60 enter only low risk to reward ratio trades

Hi there jgerousis !

I am a newbie trying to study forex further for my own good so that I will be sure of all the dscisions that I am going to make as afar as forex trading is concerned.Thank you very much for this wonderful info.

[kilua29]

Originally Posted by MickMason

Absolute garbage advice from an obviously inexperienced novice! Still trying to get hits on your adsense website huh Yanni? Geez you must be really desperate for a few cents!



The forex market is not an opponent to 'beat'.



Trading is not about 'guarantees', it's about probability.



Trading and playing roulette in a casino have no similarities.



The forex market is not random, it may appear random to you because you have not mastered the skills necessary to read it. It's a bit like a child learning to read, words must look like a jumble of random letters at first until they master the skill of reading.



It may seem like that to you because you haven't developed the skills necessary to understand how the market prepares for, and reacts to, fundamentals.



I don't know any experienced trader who says that.



Spread should not be your first consideration, fills and slippage are far more important. There's no point in having a 1pip spread if you can't get orders filled, or filled at the price you want. It's a bit like a shop offering a PS3 for $9.99 but they never have any in stock!



Asking for low/no spread and no commission is asking for trouble. Marketmakers have to make money too, if they're not getting it from spread and/or commission then the chances are they're getting it from you in other ways.



No, really!




Use stops appropriate to the time frame being traded, market conditions, and your strategy. Wider stops do not fix poor trading decisions. Always use sound money management principles.



Don't set yourself daily or monthly targets. If trading opportunities which fit your criteria present themselves then trade them. Just because you have set yourself a target to meet it does not mean the market will oblige, you run the risk of overtrading and straying from your planned strategy just to meet some meaningless target. Targets add unnecessary pressure, you can only have what the market is prepared to offer.



If the tips on your site are anything like the rubbish you've posted here then I wouldn't bother!

You've a long way to go before you can call yourself a trader! I thought you would have got the message after being exposed as a serial spammer and ripped a new one over on this forum thread




-

Hi there MickMason !

I've am still ont the studying process before I actually trade live accounts.I have read about jgerousis' advises here in this forum.You contradicted everything he said. Do you know him personally that long? Is there something that happened between you and him ? You both seem to not like each other.I'm sure other newbies are confused too.Please enlighten us. Thanks !

[kilua29]

Originally Posted by WhipsawFX

The post above (and now below ) is spam. Its only purpose is to get a link (displayed in his signature) to his website displayed here and promoted in search engines such as google (spamdexing - link spam), to simply (along with clickthroughs from this site) drive traffic to his spamsite and generate adsence revenue. He has no sincere interest, or capability to pass on traders tips. The only thing he's barely capable of doing is spamming

A real traders tip

Ignore this thread and Spammers website.

Hi there WhipSawFX !

These two guys ( MickMason and jgerousis ) what are they up to?
They have been trying to contradict each other's statement.Why don't they just see each other in the boxing ring instead, don't you think? LOL

[Rich14304]

x

If I may,

One may consider the value of the arguements. Either side represents conditions of statistic fact. The concept of statistical fact is often over-looked. Statistics alone, means probability, and it also means more than one correct and incorrect answer per statement determinate upon the statistical resource investigated.

This can be viewed as both right and both wrong or a combination of each still covered in a resultant of statistical probabilities.

When reading contrasting and sometimes conflicting information view it as a test for yourself to challenge on (your screen) understanding, it could be right and it could be wrong. Sometimes it works, sometimes it ..., well I am sure you are getting the idea...

Accept it as educational material and value it accordingly. Understand its' premise and see if it applies to your own understandig of dynamics. Add ony that which is kind, true and necessary and provable by the reader in some context might be a differant approach to market analysis.

I hope this helps,

Rich

x

[Lhar_moneytec]

Originally Posted by jgerousis

Many traders have been trying for a long time to beat the forex. It is not easy. If someone comes and look at forex and how prices move, he would say it is easy. But it is not. It is very difficult, it is even difficult to make 1 pip! In forex you cannot have a guaranteed 1 pip. If someone does have a system to make a 1 pip "guaranteed", I will make him a millionaire.. oh no a TRILIONAIRE. Why? Because you can repeat the process again and again, and leverga it more and more! But this 1 pips guarantee is impossible.The main barrier to achieving this is the EDGE. Forex has an EDGE over us, the traders. Take for example the casino. Take the roulette. The edge in the roulette is the green zero, when playing on colors. And when playing on numbers, the edge is the payout. In Roulette there are 37 numbers. But if you guess the number you will win 36 to 1. Taking for granted that the outcome of the game are random numbers, then if you play for longterm you can never win. The same happens when betting on black or red. You get paid 2-1, but if the outcome is green, you lose!The same thing happens in forex. Do not tell me that forex is not random. If you look at forex closely you see that market moves in patterns or trends, but if you look at it from a wider view, the market is just a random market. NO ONE knows the outcome, even Bernanke. Because how traders act towards news, only God knows.Now, the Edge in forex market is the spread. Because everytime you enter a position pay for the spread. Before making any winning, you will have to counter this spread. If we suppose that we do a million random trade, we would not end up breakeven, but losing. This is why people say that all systems in longterm LOSE.This is a fact. But, one should be clever enough to come up with ways to eliminate this edge.The following are some suggestions and ways to eliminate this edge, which forex has over you.
1. USE a dealer which gives you the least spread available in market
2. USE a dealer with no comission
3. Use good exit strategies in winning trades (take profits)
4. Use wider stop trading. This is an important issue. Because according to above, you will tend to end up losing the longer or the more you trade. It is better to trade less and win more. For example, if you acheive your target for this month, you should stop trading until you see the conditions are favorable again. The less you trade the more chance you have to end up in profit.
5. Every pips counts. Try to save pips. See my previous tips "real trader's tips"
60 enter only low risk to reward ratio trades

Are you sure, you can beat the Forex market?