Thanks for the standard almost textbook reply in the trading field.
Your surgestion is almost certain to lead to failure for me and you know it.
There's a conspiracy in the industry where they all lie to new traders about how you need to actually understand the market and why you're doing what you're doing while the rest of us go to the super secret strategy repository to pick 'strategies' on a whim which can be executed with minimal effort for maximum gain.
Thanks for the standard almost textbook reply in the trading field.
Your surgestion is almost certain to lead to failure for me and you know it.
I don't get why all the sarcasm by posters above for a question about performance in the long term.
My point is. You would need a way of extracting money out of the market. for long term success
We all know the figures online about that 90% or so fail inthe long run. Though I am not sure if this is trading in general or just the spot forex market.
So what I am trying to find out is what works in the trading field in the long run.
because either randomly using an online strategy which could have anything from a 99% Drawdown doublling down.
To just ranomly buy and selling as a poster above said due to all methods fail.
Is not going to lead to long term survival.
I did not recommend blind buying and selling. I did not recommend blindly selecting any random strategy: I recommended selecting one which appears to be rational. So at least it has a potential to be profitable from Trade No.1.
However, as trading is a highly individual game, it would be odd to think that the very first strategy anyone selected would be their ideal strategy. That's why I also suggested it would be useful as a tester to identify what aspects needed to be improved in order for a better strategy to be identified which would work better for you as an individual. If you don't have any strategy then you will learn form whatever strategy you try out. But you only learn from a strategy if you trade it, and I added to demo trade it, so even the losses would be useful but incur no capital losses.
Thank you for your reply. my mention of randomaly buying selling was due to what poster FXX said above not you or any of your posts.
Like has been said, finding a strategy is basic maths and a bit of time and testing, the problem is and where everything unfolds is you the trader of such a strategy will run into a mountain of physiological issues that will impede your success. You can have a successful trader working for a bank for example who uses their strategy, but take them away from that comfort zone and ask them to trade their own account and everything falls apart.
My point is. You would need a way of extracting money out of the market. for long term success
We all know the figures online about that 90% or so fail inthe long run. Though I am not sure if this is trading in general or just the spot forex market.
So what I am trying to find out is what works in the trading field in the long run.
because either randomly using an online strategy which could have anything from a 99% Drawdown doublling down.
To just ranomly buy and selling as a poster above said due to all methods fail.
Is not going to lead to long term survival.
When I got through telling him about my usual practice in trading he nodded and said, "Yes! Yes! You're right. The way you're built, the way your mind runs, makes your system a good system for you. It comes easy for you to practice what you preach,