Stop predicting the future and make a killing from forex trading

dekac · #1 11-16-2007, 08:59 PM

Hi

As a trader, you must be willing to admit that trading is difficult. Trading is ruthless.
It’s a tough business. You must have the competitive edge to survive and succeed in the forex market.

For years, the so-called trading experts have been spreading the most destructive myth - that is,
to succeed in trading you must forecast or predict the future.

Nothing could be further from the truth. The fact is that trying to predict future price movements
will certainly lead to unnecessary frustration and failure. To be successful in forex trading,
you only need to do two things: Identify the trend & join the trend with the precise timing.

You don’t need complicated and confusing fundamental or technical analysis to trade successfully.
Systems that are based on logical, scientifically sound, and well-tested forex trading concepts have been performing extremely well and will continue to do so for many years to come....

AvatarViper · #2 11-18-2007, 01:50 PM

Quote:

Originally Posted by dekac

Hi

As a trader, you must be willing to admit that trading is difficult. Trading is ruthless.
It’s a tough business. You must have the competitive edge to survive and succeed in the forex market.

For years, the so-called trading experts have been spreading the most destructive myth - that is,
to succeed in trading you must forecast or predict the future.

Nothing could be further from the truth. The fact is that trying to predict future price movements
will certainly lead to unnecessary frustration and failure. To be successful in forex trading,
you only need to do two things: Identify the trend & join the trend with the precise timing.

You don’t need complicated and confusing fundamental or technical analysis to trade successfully.
Systems that are based on logical, scientifically sound, and well-tested forex trading concepts have been performing extremely well and will continue to do so for many years to come....

i totally agree... and stop looking @ charts below 1h they are just noise...

**jafar00** · #3 11-18-2007, 03:16 PM

The title of this thread says it all. You know the saying "Trend is your Friend"? Well that is all about following where the big money wants the market to move to.
Say not "I think the market will go there", but say "Look where the market is going" and follow in it's wake.

dougadam · #4 11-18-2007, 09:52 PM

The most money I make is from one hour charts.

Forex4Noobs · #5 11-18-2007, 11:15 PM

Technical analysis is defined as the study of the past to predict the future. Basically what you are saying is technical analysis for the most part is useless. The only way to trade is to jump in when something is moving up or down. Talk about primitive....

Also to a more quantum physics type response. Isn't the very notion of identifying a trend and entering the market a prediction?

Your mind is constantly processing information. When the right combination of information is received your brain releases electrical signals which in turn releases chemicals that make up your thoughts. Your thought in this case is to enter the market. Your brain however is limited to seeing what is here and now. It cannot see whats one nanosecond from now it is limited to seeing what happens in the moment it happens. Knowing we have this limitation we must conclude that any position we enter is a complete unknown to us. If that moment when we exit the trade is yet to be created we can never truly know it.

We can however use tools that allow our brains to predict with a certain degree of certainty what will happen. This is what we call a prediction, the tools we use predict what will happen in a time that is yet to exist. So entering a trade based on the thought of recognizing a trend is by definition a prediction.

We can therefore conclude that any trade we take is a prediction on how future event will unfold.

I see absolutely no distinction between predicting the future and entering because the market is trending.

dekac · #6 11-19-2007, 07:16 PM

Hi
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jrw1978 · #7 11-20-2007, 09:25 PM

Quote:

Originally Posted by AvatarViper

i totally agree... and stop looking @ charts below 1h they are just noise...

Don't agree with this at all. I make 100% of my profits from 5 and 30-minute charts only.

dekac · #8 11-25-2007, 07:19 PM

Quote:

Originally Posted by jrw1978

Don't agree with this at all. I make 100% of my profits from 5 and 30-minute charts only.

Hi
It's great...forget all about it...

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Forex4Noobs · #9 11-26-2007, 01:21 AM

Quote:

Originally Posted by jrw1978

Don't agree with this at all. I make 100% of my profits from 5 and 30-minute charts only.

100% well if you do you are the best trader on earth and we should all worship you....

My hunch is your a liar.

mtuppers · #10 11-26-2007, 12:17 PM

Quote:

Originally Posted by Forex4Noobs

100% well if you do you are the best trader on earth and we should all worship you....

My hunch is your a liar.

there is no point to fight. if they do not see your system and/or borker you using. therefore they unable to know how you do trades.

I mean if they are not at same page as you are. then... of course. they do not know