How to win at the Forex.

[realbtcdealers4real]

Basically have inside info

[BADecker]

Basically have inside info

Bitcoin programming is kinda like having inside info.

[BADecker]

Well, I signed up with a Forex broker, with a demo account. The thing that I missed was that the account was NOT a scalping account, so I could not run at a 10 pip Limit as my original post said.

This broker used the MT4 trading protocol. With it I was able to download the 1-hour history going back to the beginning of February, 2014. I built a spreadsheet around the data and found that this data produced results similar to my original (which is NOT MT4).

My next question is, is the MT4 historical data from MetaQuotes, so that it is the same for every broker that uses MT4, or is it the individual brokers' historical data, simply applied to their particular MT4 program? Does anyone have the answer for this?

[Giftcoins]

Lot of luck and no fear

[Arctic]

Who needs a large fortune if you have leveraged trading??? Hell, it's the FIAT world, just borrow some money and trade the crap outta those forex markets! Leveraged trading really is only for people who know exactly what they're doing and realize they could lose everything!

two words, margin call.   the volatility of forex will normally finish off a small time trader when their leveraged position blows through a stop loss.


As I say you only need a large fortune if you want to end up with a small fortune.     

You can take any size fortune and turn it into zero quite easily.

[BADecker]

Lot of luck and no fear

No such thing as luck. There is only cause and effect. Fear comes through ignorance of cause and effect.

[hyperdimension]

1) Have luck

[egghead123]

Good money management and prudent stop loss with modest leverage but if you are a high risk gambler then high leverage off the breakouts looking at fundamentals like major news events,farm payroll,interest hikes,employment,manufacturing etc and good technical analysis indicators..Compound your winnings and have a higher margin each time until you are quickly rich or very broke

[BADecker]

After 15 years, part-time, of dabbling, calculating, formulating, back-testing, etc., the Strategy in my first post, above ( https://bitcointalk.org/index.php?topic=727301.msg8221050#msg8221050 ), produces the best results over the longest period of time, of anything I have seen. The key is the 10-pip Limit against the 90-pip Stop, with the multiplier added.

If you can find an honest broker who will let you do what I have listed there, you will win BIG if you don't get stupid about it.

[bitcoinminer007]

I agree with you. I think Forex is not a easy business, actually it's a tough one. To be successful on Forex you need experience and also help from your luck.

[b!z]

1) skillz

[egghead123]

use a broker with tight spreads if scalping

[Arctic]

After 15 years, part-time, of dabbling, calculating, formulating, back-testing, etc., the Strategy in my first post, above ( https://bitcointalk.org/index.php?topic=727301.msg8221050#msg8221050 ), produces the best results over the longest period of time, of anything I have seen. The key is the 10-pip Limit against the 90-pip Stop, with the multiplier added.

If you can find an honest broker who will let you do what I have listed there, you will win BIG if you don't get stupid about it.

bzzzt.  there is *NO* guaranteed formula that will win small, let alone big, with no risk of losing your entire bankroll.

It's the holy grail of gamblers since time immemorial, and, like those who search for perpeptual motion machines it will never be found.

If there was then organisations with money and resources would load it up on the black box of their choice,  make massive trades and make bazillions of dollars with no risk.

you might as well go play roulette with martingale until you reach the house table limit (and can't make back your last bet) or run out of money. at least you'll get free drinks while doing it.

[BADecker]

After 15 years, part-time, of dabbling, calculating, formulating, back-testing, etc., the Strategy in my first post, above ( https://bitcointalk.org/index.php?topic=727301.msg8221050#msg8221050 ), produces the best results over the longest period of time, of anything I have seen. The key is the 10-pip Limit against the 90-pip Stop, with the multiplier added.

If you can find an honest broker who will let you do what I have listed there, you will win BIG if you don't get stupid about it.

bzzzt.  there is *NO* guaranteed formula that will win small, let alone big, with no risk of losing your entire bankroll.

It's the holy grail of gamblers since time immemorial, and, like those who search for perpeptual motion machines it will never be found.

If there was then organisations with money and resources would load it up on the black box of their choice,  make massive trades and make bazillions of dollars with no risk.

you might as well go play roulette with martingale until you reach the house table limit (and can't make back your last bet) or run out of money. at least you'll get free drinks while doing it.

You are right, or close to it. I have only tested back about 7 months. If the people who regulate the Forex decided they would pull the strings in such a way that made this method impossible to win at, this method would come crashing down like all the rest.

The Forex string-pullers have a job to do. It isn't a hard job. What it is, is to regulate the Forex in such a way that most of the traders won't realize that the Forex is being regulated, won't realize that they are working with a scam market out to rob them blind, and that they have a much better chance of winning by forgetting the Forex and staying with their day job.

The brokers have realized this. The brokers are generally just as dumb as the traders, except that the brokers are cashing in on the traders, just like the controllers are. The trick is to find a formula that beats the controllers' methods for controlling covertly. That's what my method is. The reason that it will last is that, if they decided to change the system to break it, it would reveal so much about how the market was controlled, that the little guy would abandon it. And he might find ways to abandon the banks that are screwing him, ways like Bitcoin.

Now you can see what the Forex really is. It is a voluntary income tax... of a different kind than the voluntary IRS tax.

[zazarb]

very good broker

Roboforex

 small spread , alowing scalping ,"bot", fast. Problem only one- "trader" 
recently "burned" my account balance...

[BADecker]

very good broker

Roboforex

 small spread , alowing scalping ,"bot", fast. Problem only one- "trader" 
recently "burned" my account balance...

Thanks. I just sent them an email.

[Mars not Moon]

I would rather invest on BTC than on forex,Could't agree more that forex is serious gambling while  bitcoin is sureshot profit.

[rz20]

It is a gamble where I have lost always. The only who wins is etoro.

[Arctic]

You are right, or close to it. I have only tested back about 7 months. If the people who regulate the Forex decided they would pull the strings in such a way that made this method impossible to win at, this method would come crashing down like all the rest.

yep - but doesn't even need string pulling. natural volatility will close out most people who are trading with excessive leverage in the end

[Winner]

I have tested my luck with scalping in Forex and got some money but I quickly got out of that market.