FAQ Realistically, How much Money can I Expect to Make?

Lee Shepherd

Well-known member
Feb 12, 2008
2,165
570
123
In blusignals defence they state it’s ‘possible’, and of course he’s 100% correct. It is possible.

As traders on a trading website we should be fully aware of the difference between a given outcome (probability) and a possibility. Having said that, I would agree that the probability is very slim.

Have a great Sunday.
 
Likes: Oscar Reed

hatemypips

Active member
Nov 11, 2014
224
2
28
are you sure?
so you think that almost nobody(incl. you) cannot working with data analytically?
How many person do you know that are as rich as the Warren Buffet?
Well you need to learn tools like econometrics, R, statistics to be able to conduct meaningful analysis. Otherwise its pointless even if you have good data.
 
May 18, 2018
3
0
1
Well you need to learn tools like econometrics, R, statistics to be able to conduct meaningful analysis. Otherwise its pointless even if you have good data.
Yes,you're right but you forgetting about one more very important thing - psychology.
 

FXX

Well-known member
Oct 12, 2017
1,103
175
73
Well you need to learn tools like econometrics, R, statistics to be able to conduct meaningful analysis. Otherwise its pointless even if you have good data.
Show me one person who has done this and is as rich as Warren?

You can learn all those languages (I know many of them) but they are useless if you can't derive a strategy. I have worked at many investment banks, a couple of asset managers, and currently at a major stock exchange who calculates the dax and other indices (over 8000). In all of that exposure, I have seen financial models applied in code in various languages and price testing strategies. None of them do what you talk of because it doesn't work.

Outside of financial models all you have are algorithms that look for patterns in data. While this may be far more precise and surface information previously unknown, it isn't going to be the basis of a strategy. The most successful ones out there that have applied machine learning have added their own rule sets based on experience and include fundamental drivers in the rule sets. Everyone that's tried to apply this approach using just price data have either failed, found partial success, or short term fantastic results. They all however fail over the long haul.

If you think about it, the algorithms are really just a computerised flavour of the thought process undertaken by your average retail trader. It's a pointless endeavour because the flaw in the design is assuming price can tell you what the drivers of price is when it's just a historical print of the outcomes of drivers. For the data to be meaningful you have to include data points that occur before price reacts and only then will a meaningful strategy be possible. Ray Dalio did this and his trading engine by his own admittance makes better decisions then he does. Of course its the culmination of his rules applied to market driving data that makes the magic happen. The computer just follows a logical path based on the rules.

Trust me when I tell you this is snake oil without the correct inclusion of market drivers.

Sent from my SM-G950F using Tapatalk
 

NVP

Well-known member
Jun 21, 2004
35,786
1,732
223
west sussex, UK
fxcorrelator.com
Show me one person who has done this and is as rich as Warren?

You can learn all those languages (I know many of them) but they are useless if you can't derive a strategy. I have worked at many investment banks, a couple of asset managers, and currently at a major stock exchange who calculates the dax and other indices (over 8000). In all of that exposure, I have seen financial models applied in code in various languages and price testing strategies. None of them do what you talk of because it doesn't work.

Outside of financial models all you have are algorithms that look for patterns in data. While this may be far more precise and surface information previously unknown, it isn't going to be the basis of a strategy. The most successful ones out there that have applied machine learning have added their own rule sets based on experience and include fundamental drivers in the rule sets. Everyone that's tried to apply this approach using just price data have either failed, found partial success, or short term fantastic results. They all however fail over the long haul.

If you think about it, the algorithms are really just a computerised flavour of the thought process undertaken by your average retail trader. It's a pointless endeavour because the flaw in the design is assuming price can tell you what the drivers of price is when it's just a historical print of the outcomes of drivers. For the data to be meaningful you have to include data points that occur before price reacts and only then will a meaningful strategy be possible. Ray Dalio did this and his trading engine by his own admittance makes better decisions then he does. Of course its the culmination of his rules applied to market driving data that makes the magic happen. The computer just follows a logical path based on the rules.

Trust me when I tell you this is snake oil without the correct inclusion of market drivers.

Sent from my SM-G950F using Tapatalk

agreed ........even supercomputers are still superdumb ....until you tell them the rules you wish to apply .....:smart:

creating algos and automated strategies is interesting though...it sure makes you dot every "I" and cross every "T" in a set of entry / exit trading rules

N
 

dvid

New member
May 23, 2018
3
0
1
It depends on a lot how much money you are trading with, how many lots are you trading, your money management. Mostly it depends on the first two things mentioned above. It also depends on your trading strategy and how long are you keeping your position.
 
Bitcoin and different digital forms of money have turned out to be quite well known throughout the years, new dealers still discover it a little troublesome with regards to bitcoin exchanging. In this article, a few essential inquiries are addressed, for example, what a bitcoin is and how to exchange it yet additionally, a survey of a standout amongst the most surely understood specialists is exhibited too with a specific end goal to help amateur merchants pick a confided in one preceding they begin exchanging any cryptographic money.
 
Jan 12, 2017
8
0
11
If you're new to trading then I would plan to lose money for the first 2 years at least. I consider myself pretty smart. Got a first class degree in computer science from an Elite University. I've always been good at everything. Trading was a big struggle, even with a highly technical background.

Don't underestimate the challenge you face; expect to lose money while you master it.
 

Tcurtis79

New member
Sep 2, 2018
1
0
1
Sorry to butt in but this seemed like a forum for my question.. I want to know which is the best platform to trade on as I read there are a lot that are not regulated and or are scammers.. I just want to sign up to a trading platform I can trust in and not have any problems when it comes to withdrawing funds
 

SmTrader86

New member
Jul 13, 2018
17
4
3
London
I have been trading for a while now. i average 10-15% per month. I am a swing trader. I don't aim for a % but my setup usually bring this %. Don't look for the money, just get better at trading before you know it, the money always follow. Once you really master yourself (Your Psychology & Emotion) your 90% there...
 

Golgothafx

New member
Feb 15, 2018
3
0
1
I have been trading for a while now. i average 10-15% per month. I am a swing trader. I don't aim for a % but my setup usually bring this %. Don't look for the money, just get better at trading before you know it, the money always follow. Once you really master yourself (Your Psychology & Emotion) your 90% there...
I agree with you 100% bro.
I have lost a lot of money trying to beat the market forgetting that the market remains the Queen and we only get the much that she releases to us.
I am presently exploring ways to master the "psychology and emotion" side of me while i perfect my Price Action trading strategy for now.
Thanks again