Beating the forex Market
https://www.forex-tsd.com/forum/commercial-talks/5889-gain-the-brokers-edge
Hi Yanni, What broker are you using? Thanks
Hi. I am currently using m g forex. However, it has high spreads. think oanda is a good one because of lower spreads.
CME is one of the best with 1 pip spread, but these are futures.
Regards
Yanni
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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.
-Hi jgerousis,
I agree , but partly about what you say here :
the truth is that nobody (at least retail traders, cant
predict 100% the next move, in the short , and especially in the long term.
But is also true that the good about forex is that short-term patterns are almost always repeated, and if you are good to catch those, after the 'big move' which you cant predict, you have good chance to catch the 'big move' following move, which is where the 'little' and 'medium' players start to act and 'mimic' or 'continue' what the 'big' players decided
Unfortunatly yanni i dont agree with you
I WILL garantee you 200 pips FREE in a week or so , go and check my thread.
Forex is no casino , you just have to work harder to understand the rules.
I dont reply much but i liked your thread
Good DayHi aleccoh,
if you can 'GARANTEE' 800 pips a month use this power you have for yourself.
Its enought you start with 1000$ account and by the end of the year you will have a 1.000.000 $ at least
Not true ?
dear i think it is not difficult to beat forex , the big forex' secret is the big capital
Set BE stops..
hi
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 on my site.
6. Enter only low riskto reward ratio trades
Regards
Yanni
-Nice post....I think all things in this universe has a pattern even a random one
including price movement (fx) ...this pattern should be repeated again and again as a trader this's our task to find it and add it to our pattern database in our mind or a huge computer system and do pattern recognizing when we see a price chart ..Why we always loosing in trading ? because those pattern not yet exist in our database ...that's the problem .. 
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Well, I don't quite agree with the first post either. If the forex were completely random, no one could could make a living at the forex, regularly making profits that exceed their losses. The spread would kill the "edge."
But the forex doesn't work that way. It's not completely random. You can absolutely count on the fact that sooner or later a currency pair will trend either up or down.
One way to beat the forex is to randomly take a position (buy or sell) and wait for the next trend to develop. Even better, try to detect the beginning of a trend and make your move. If it then goes the wrong way, close the position (you could use a stop loss, a manual trade command, or program logic in an Expert Advisor). Your objective is to limit your losses.
If it goes the right way, hang in there until the trend is over. The objective is to maximize your profits.
This "trend following" strategy will work if you can:
1. Detect when there is no trend. In that case, don't trade. You need to know when the price is ranging horizontally on your chart.
2. Detect when the price breaks out of it's ranging, hopefully starting a trend.
3. Detect if the price is going "the wrong way" for your position.
4. Know when the trend is over (it starts to reverse).
If you can figure out how to do the above four things, you have a profitable strategy. I believe I have done this, but I am still testing. So far, so good.
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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 on my site.
6. Enter only low riskto reward ratio trades
Regards
Yanni
http://www.myfxreport.com
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