The secret forex trading system

[jtb790]

Originally posted by elmagd2000
This is the point..!
Not all people can trade, only few of them can do this tough job successfully.
So, don't play 2 sides. Either have an edge (techanically and emotinally) and use it to make money or leave this job to others to make you money.
The key is to know yourself first.

Hani

Hani, I could NOT agree with you more!

Most people have no idea what to do with money. Sure, many of them can EARN it, but about the best they can do after is put it in the bank.

Forex trading is advanced money control taking extreme understanding and knowledge of money management techniques to trade currencies successfully.

Many don't have the ability.

If they want to dabble in currencies they should let those who know how to trade money handle their money or go back to the bank.

Sam

[TheSundanceKid]

Originally posted by Cliff1125
Anyone want to take a guess as to who blew his account?

LOL

[merlin]

Originally posted by mika
The smart money is in Marketing a trading strategy. Internet marketing is not a zero-sum game. It is win-win. You sell a product of value, the buyer gets value... you get paid.

i dont understand this mentality. if you are smart enough to make a good system, you should be smart enough to make money from it. so why would you be selling it? in short, because it is not really a good system and others who trade it will lose money just like the creator does. system selling is certainly a zero-sum game.

[el cid]

Hi folks

I produced a random entry /exit trading system and it shows 50%
per annum compounded growth.Most of you will laugh at the system because it does not use any indicators....to fortell future price movements.People have said to me it is crap....but it works...consistently year after year!

The good thing is it works! and I don't want to go to message boards to be laughed at and made fun of........and post my system!

It is a money management trading system using position sizing techniques on the currency roulette.

In fact most people can trade it!I definetiley have the secret trading system..It is tried and tested and it works


People like me come to message boards to increase their knowledge,
to improve systems and for entertainment.

Which book has a proven trading system with ................testing data...and results of thorough testing?

[fxwiz]

Originally posted by el cid
Hi folks

I produced a random entry /exit trading system and it shows 50%
per annum compounded growth.Most of you will laugh at the system because it does not use any indicators....to fortell future price movements.People have said to me it is crap....but it works...consistently year after year!

The good thing is it works! and I don't want to go to message boards to be laughed at and made fun of........and post my system!

It is a money management trading system using position sizing techniques on the currency roulette.

In fact most people can trade it!I definetiley have the secret trading system..It is tried and tested and it works


People like me come to message boards to increase their knowledge,
to improve systems and for entertainment.

Which book has a proven trading system with ................testing data...and results of thorough testing?

El cid - do you pyramind in our out of position? In other words aer you parabolically scaling in ( adding more and more as it goes against you with a hard money stop) or pyramiding up ( adding less and less as it goes your way?

[el cid]

FXWIS quote do you pyramind in our out of position? In other words aer you parabolically scaling in ( adding more and more as it goes against you with a hard money stop) or pyramiding up ( adding less and less as it goes your way?

I will give u a clue
I treat the whole system as part of a pyramid..........before I commence trading, I trade both ways long and short and neutral on the direction................80% hedged all the time........


Imagine a roulette wheel.....................everytime the wheel spins my number comes up..........I trade like a bookie .
Think the currency price fluctations are like movements on a roulette wheel.You got many numbers on the Euro/usd roulette from 0.83 to 1.365 = 53 numbers roulette.Your odds as a punter are few and heavily against you.

Parabolic scaling can be very dangerous...at times


Good luck

El Cid

[fxwiz]

Originally posted by el cid
FXWIS quote do you pyramind in our out of position? In other words aer you parabolically scaling in ( adding more and more as it goes against you with a hard money stop) or pyramiding up ( adding less and less as it goes your way?

I will give u a clue
I treat the whole system as part of a pyramid..........before I commence trading, I trade both ways long and short and neutral on the direction................80% hedged all the time........


Imagine a roulette wheel.....................everytime the wheel spins my number comes up..........I trade like a bookie .
Think the currency price fluctations are like movements on a roulette wheel.You got many numbers on the Euro/usd roulette from 0.83 to 1.365 = 53 numbers roulette.Your odds as a punter are few and heavily against you.

Parabolic scaling can be very dangerous...at times


Good luck

El Cid

Ok but in order to actually make a PROFIT you have to ultimate let go your short or your long, otherwise you are not doing anything except paying you broker 2 spreads.

So what prompts you to lift the leg - or if you prefer choose the number?

Y agreed aparbolic scaling can Killl you unless you do it in small doses.

[el cid]

http://www.websmart-marketing.com/roulette.html

FXWIS QUOTE Ok but in order to actually make a PROFIT you have to ultimate let go your short or your long, otherwise you are not doing anything except paying you broker 2 spreads.

2 lots of spreads is not expensive.........if you make a profit.

A spread or 2 lots of spreads are expensive only if you lose money.


Spreads expensive etc is often where a load of traders lose out on this system.Most traders try to get too clever for their own good.

If you paid your broker 50% spread....and u are 99% certain of making money ....say 50%(after cost of spread) then that 50% is not expensive.

If u lose money and only paid 0.0001 % spread to your broker......than that brokerage spread is expensive!

If a trader came to me and said he would guarantee me 20 % profit all the time .........but his fees were 80% ....to me it is cheap at 80%....So I can give him a million $$$$$$$$$$$$$$


I trade spreads ...all the time ...so I always close the long and the short at the same time...........except intraday....in a non trending market I close one leg of the spread for about an hour for a few extra pips.


U got too much information by now! So think I do not go to the roulette wheel to guess which number will come up