Much of Forex talk is illusional esoteric talk
Hello guys,
I'm not wanting to offend anyone and I hope someone can convince me my view is wrong but now I dont know what of these items, I'm reading here is really from people who have an notion about what they're talking about.
This is my story
I have tried for many years to be successfull in forex trading. I endured financial and personal losses due to this. I know I have made mistakes like overtrading, greed, impatience and dread. But after all. Shifting those things off, the major problem stays I dont have a profitable egy. For quite a while in my life I played poker online. Not for a living but it was a income. I knew my advantage even when I lost 10 matches in a row. So I know how to controll my behaviour IF I know that I have an edge. But that's precisely the difficulty in forex. How shall I know that? In poker I will describe which action in which situation is most often appropriate against which participant. Because I know the amounts and probabilities.
Here in FF I read most often only vague advice like dont overtrade, use MM, cut losers let winners run . .
All these items are most likely correct but this could be the same as saying a poker novice to restrain is mind to be profitable. That would be not enough.
Yesthis is a part to become profitable. However, the more important part are the statistics and numbers how you should act in certain scenarios. Such concrete statistical based amounts I never read in forex? Why? Is there no statistical advantage as an expert advisor would do the job? Vague advice dont work. They simply help you in the event that you've got a egy you KNOW it has an edge. Who knows he has such a egy?
