Discussion of article "Tips for Purchasing a Product on the Market. Step-By-Step Guide"
Example.
- Risk: 2% of the deposit in each trade. Maximum allowable drawdown: 20% of the deposit.
- Currency pair: EURUSD, European session, timeframe H1.
- Approximate profit: 10-15% per month.
- Deposit: 300 USD.
- Standard dollar account. Five-digit. Spread floating from 0.3. Maximum leverage 1:500.
Such articles are categorically harmful. Because they throw into the masses the illusion that a profitable Expert Advisor can be so easy to come to the Market and buy.
When such articles are written, the author thinks for a moment that the buyer puts this Expert Advisor with his own money (often the last one), with his family's money (in the hope of repaying a non-repayable loan), and then drains everything. And it is guaranteed.
Let's take the above example:
-- $300 deposit
-- 10-15% profit per month
Guaranteed 100% of buyers make this table:
| No. of month. n/a | starting amount | % per month | end.amount |
| 1 | 300,00 | 10 | 330,00 |
| 2 | 330,00 | 363,00 | |
| 3 | 363,00 | 399,30 | |
| 4 | 399,30 | 439,23 | |
| 5 | 439,23 | 483,15 | |
| 6 | 483,15 | 531,47 | |
| 7 | 531,47 | 584,62 | |
| 8 | 584,62 | 643,08 | |
| 9 | 643,08 | 707,38 | |
| 10 | 707,38 | 778,12 | |
| 11 | 778,12 | 855,94 | |
| 12 | 855,94 | 941,53 |
-- i.e., 300% per year.
And then the first-time buyer raises the starting balance:
| No. month n/a | starting amount | % per month | end amount |
| 1 | 10000,00 | 10 | 11000,00 |
| 2 | 11000,00 | 12100,00 | |
| 3 | 12100,00 | 13310,00 | |
| 4 | 13310,00 | 14641,00 | |
| 5 | 14641,00 | 16105,10 | |
| 6 | 16105,10 | 17715,61 | |
| 7 | 17715,61 | 19487,17 | |
| 8 | 19487,17 | 21435,89 | |
| 9 | 21435,89 | 23579,48 | |
| 10 | 23579,48 | 25937,42 | |
| 11 | 25937,42 | 28531,17 | |
| 12 | 28531,17 | 31384,28 |
And it all ends up in loans and borrowing from friends/acquaintances.
And as a result -- draining and bad loans.
p.s."We are responsible for those we have tamed" (A. Saint-Exupery "The Little Prince").
Вот такие статьи категорически вредны. Т.к. они вбрасывают в массы иллюзий, что прибыльный советник можно так запросто прийти в Маркет и купить.
When such articles are written, the author thinks for a moment that the buyer puts this advisor with his own money (often his last), his family's money (in the hope of repaying a bad loan) and then drains everything. And it is guaranteed.
The author thinks about it. And now let everyone who goes to the market think about these theses:
- The overwhelming majority of people drain. Otherwise, the minority of profitable ones make money on whom.
- Never! Never go to forex with the last money. This will initially go wrong decisions because of psychology.
- Give the majority even a grail, they will still lose. Why? It's a direct violation of strategy. Hands itchy or brain itchy, it breaks everything. Discipline. Without it, absolutely any system will fail 100%.
- Hard percentages, if I'm correct, are reckless to hope for. You have to start with more achievable goals.
All this is far from a mystery, but that's the way man is built, that sometimes refuses to see the obvious.
I can not find where in the article it says - "take a more expensive. where more profit shows. without looking" ? Everywhere I call for careful scrutiny.
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New article Tips for Purchasing a Product on the Market. Step-By-Step Guide has been published:
This step-by-step guide provides tips and tricks for better understanding and searching for a required product. The article makes an attempt to puzzle out different methods of searching for an appropriate product, sorting out unwanted products, determining product efficiency and essentiality for you.
It's no secret that MetaTrader Market offers a wide choice of all sorts of products: from Expert Advisors and indicators to panels and utilities for convenient trading. When entering such kind of a shop a purchaser often encounters the problem of choice and needs to be able to search for products by various parameters such as price, functionality, user-friendliness, efficiency, mode of application. This article makes an attempt to puzzle out different methods of searching for an appropriate product, sorting out unwanted products, determining product efficiency and essentiality for you.
Selecting Keywords and a Targeted Tab
At the second step you need to decide upon right keywords, for example Trend indicator, and select the Popular tab. It is important to realize that if you select a tab and search through this tab using keywords, you will obtain results for this tab only. Fig.4 depicts results of search by keywords "trend indicator" among popular products for MetaTrader 5.
Thus we have a preliminary list of products which correspond to our request criteria. Here we can see additional parameters for further selection: price, rating, brief description (you can see them if you hover a cursor over a product). An author can also be a request criterion, as you may know him or her due to previously made products or certain reputation.
Fig.4. Keyword search results in the Popular tab
Author: Alexander Fedosov