Slipping in the rain past the drips
There is one important thing to understand about Forex: unlike the stock market, the volatility in Forex is negligible. If shares can easily go 5-10% per day, then for Forex the same 5000-10000 points per day (on 5 digits) is a black swan.
That is why in order to earn at least something on 500-1000 pips per day, the big leverage was invented. With 1:1 there is nothing to do in forex. But the big leverage for 99% of traders turned out to be harmful: everyone counts future profit and no one counts future losses, which are intensified by the Forex #2 problem - floating spread with expansions under 1000 points (the same daily volatility)!
Those who understand these themes and learn how to slip past the drops in the rain - make money.
The easiest option: if your strategy yields 100% or more per month. - Simply divide your account into 2 parts (even if you have a stop loss). For half you will still recoup the loss of the first half of the account or earn 50% per month.
P.S.: the scum of the kitchens is a separate topic.
Let's combine the drip theory with the monkey behaviour philosophy from the topic below.
- 2019.12.18
- www.mql5.com
Let's combine the droplet theory with the monkey behaviour philosophy from the thread below.
Your link discusses something else: whether or not the quotes chart is random. And the comment about monkey behaviour is a third topic.
What is this absurdity: " in order to earn something on 500-1000 pips a day, they invented high leverage"?
The volatility in the FX market (if you don't take lightweight crypto) is really paltry. It is 10 (!) times lower than the stock market. It is no coincidence that the leverage of licensed forex brokers is 1:30/40, which is exactly equal to the leverage of funds 1:4.
- www.mql5.com
Monkeys, rain, drops. This is nonsense, how to make money on it. We traders need to point the finger at where to take profit :)
"from" is conjunct...
Let's put it in a concatenation. It doesn't change the meaning of the post. :)
Let's put it in a concatenation. It doesn't change the meaning of the post. :)
It was an answer.)
No one will point a finger at anything. Only yourself.
That was the answer )
No one will point the finger at anything. Only you do it yourself.
I don't need to show it. That was sarcasm. I even put a smiley face at the end. But seriously, that's what most beginners want. They want to have a super strategy or a super advisor and they want to earn 100% a month. They don't understand that even Buffet himself does not earn 100% per month or per year. Most do not realize that they have put, say, $100 on a forex deposit and at the end of the month they are more likely to get minus 50% than plus 100%.
How is it right: "the banana is big and the skin is even bigger"?
Only you don't have to divide the bill into parts, you have to reduce the lot.
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There is one important thing to understand about Forex: unlike the stock market, the volatility in Forex is negligible. If shares can easily go 5-10% per day, then for Forex the same 5000-10000 points per day (on 5-digit levels) is a black swan.
That is why in order to earn at least something on 500-1000 pips per day, the big leverage was invented. With 1:1 there is nothing to do in forex. But the big leverage for 99% of traders turned out to be harmful: everyone counts future profit, and no one counts future losses, which are increased by the Forex #2 problem -floating spread with expansions under 1000 points (the same daily volatility)!
Those who understand these themes and learn how to slip past the drops in the rain - make money.
The easiest option: if your strategy yields 100% or more per month. - Simply divide your account into 2 parts (even if you have a stop loss). On half you will still recoup the loss of the first half of the account or earn 50% per month.
P.S.: kitchens' scams are a separate topic.