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Gambler67

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Posts posted by Gambler67

  1. There are systems which work but you need the patience for the trade to come to you and guts to take the trade with a stop loss and a defined profit target. The problem is that even if we have the patience to let the trade come to us, and we do take the trade, we do not have enough patience for the enough profit to realise as in the back of our head we are always afraid with the attitude of "this is unbelievable, this method works, I better make a run with whatever profit I have made, Things are too good to be true". I am not saying this just for the sake, but I have had similar experiences myself and it is very difficult to change this attitude especially when you do not have enough funds to trade with. Taking your full stop losses, but not letting your trade realise its profit target is the main reason for making the systems fail for whatever system we trade. The whole system of trading is working with probabilities and although some would say that this is comparable to gambling, I would shorten it to organised gambling. In stocks it would be more so as you never know how a company is being managed when you are investing in it, but in Forex, it is not such as gambling as we are dealing with ecomomies of countries which do not turn overnight. Patience and consistency is the main key to making any system work. Even if a system works with 95% probability, it would not work if we were impatient and gutless.
  2. Thanks vfaelite, I would be quite offended if it was someone else. I was just expressing my opinion on the videos. If that has hurt you, I am sorry but I thought this forum was not only for sharing software and videos, but also for ideas and opinions to learn from each other. I have seen quite a few people fixated on other peoples methodologies and going to ruins, but you take the cake. good luck with your scavenging.
  3. I can already see your future in forex trading right now - a failure. You will never succeed in trading because you want someone to do it all for you and tell you when the red line crosses the green line you enter the trade. Don't forget....when the moving average crosses the candle you exit the trade. Good luck finding a scammer to sell you a product that tells you this sort of bullsh!t - because you're going to need it.

     

    I don't know who you are referring to vfaelite?

  4. I don't know about you guys, but I have watched many of his webinars and videos and cannot seem to undersatnd anything. He seems on contradicting himself here and there and finally I just fall asleep as I find it too confusing or boring. I think he is successful because he has all those bank reports and knows when the banks get orders to sell or by big in advance like mackers or GM, interest rates, etc. Without all that inside info, we would be lost so at the end of the day we might end up taking his trade recomendations as he has inside knowledge. I found the same all confuser with Peter Bain's videos. nowhere in his videos does he give concise strategies on why he would buy and sell at particualr points without confusing me.
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