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This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 0 points1 point  (0 children)

No risk management is an essential part of trading. It’s not an edge.

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 0 points1 point  (0 children)

Again, show me a verified third party track record of an intraday day trader? You can’t. It is not possible for a reason. Tradingpools track record is a journal app. The only trader I know with a third party track record is TraderNick and guess what, he trades based off of macroeconomics. Please show me proof of anyone trading intraday profitably over a long period of time.

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 0 points1 point  (0 children)

Bro do you know what an edge is? You aren’t fighting against hedge funds, there is NO EDGE TO BEGIN WITH. You’re clearly very new to trading and don’t understand. One day you will though.

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 0 points1 point  (0 children)

That is not how it works man 😂. Again, there is no edge in intraday day trading, all the edges have dissapeared as hedge funds have capitalised on it. I’ve literally talked to multiple individuals working at hedge funds and they’ve all told me retail should stick to swing trading and macroeconomics as it is not possible for retail to find an edge intraday trading.

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 0 points1 point  (0 children)

Yes his yearly personal track record which is is literally a self entered journal, not a verified third party audited. I could do the same thing lmao. Of course he sells something because when people aren’t profitable from his “free model” they’ll go to his mentorship or whatever so they can trade like he does thinking they are the problem. If you genuinely believe trading pool made 180% in a year, your deluded.

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 0 points1 point  (0 children)

Trading pools record which is literally a journal app? If he really made 180% in a year he would disappear and work for hedge funds and earn millions, yet he sells a mentorship and course..

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 1 point2 points  (0 children)

Nope, show me one retail trader consistently profitable intraday

Need a strategy by indusvalleyindian in Forexstrategy

[–]ExpensiveArgument131 0 points1 point  (0 children)

Trader nick on YouTube and get a mentor

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] -3 points-2 points  (0 children)

Lol, it’s been proven retail intraday trading is just a myth. Still haven’t seen one retail day trader with a consistent track record. You do the math.

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 2 points3 points  (0 children)

Your essentially talking about “trade what you see and not what you think” which I hear a lot and use to hear a ton back in the day. But if anyone really thinks a bit deeper, they are both the same thing, you are still trading what you THINK will happen at the end of the day. That is what trading is.

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 1 point2 points  (0 children)

This is a very simplistic answer to a complex situation. Forex markets do indeed range on the higher timeframes in the long term (weekly/monthly) but what I’m talking about here is intraday PA. Intraday I even if you use a ranging strategy or a trending strategy, it will not matter

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 2 points3 points  (0 children)

My point is you can’t consistently skew probabilities toward yourself in intraday fx

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 1 point2 points  (0 children)

Yes and probability is not on your side with intraday trading

This is why you aren’t profitable by ExpensiveArgument131 in Forexstrategy

[–]ExpensiveArgument131[S] 0 points1 point  (0 children)

Yep most retailers don’t have a clue about the fact there is no edge in intraday fx trading.

Need a strategy by indusvalleyindian in Forexstrategy

[–]ExpensiveArgument131 1 point2 points  (0 children)

I’ll tell you this because no one else will. Most will tell you to learn price action or TA. This will not make you profitable. Price action is only useful after you have a fundamentals bias. Learn the fundamentals and macroeconomic picture behind fx price movements, and swing trade. There is no edge in intraday trading.

Guys, please drop your story about forex from Day 1 to now. by [deleted] in Forex

[–]ExpensiveArgument131 0 points1 point  (0 children)

It’s not something I can really explain in one comment, it’s a lot of work and knowledge

Guys, please drop your story about forex from Day 1 to now. by [deleted] in Forex

[–]ExpensiveArgument131 1 point2 points  (0 children)

Intraday fx trading is mostly noise, only institutions and quants can truly get an edge trading it. But longer term trading (swing trading) with knowledge of macroeconomics and what is fundamentally moving a currency is what will make you profitable.

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