Takes 10 yrs screen time to see price. Once u do that u may win 51 lose 49 times but dont ask for more.. usually your edge isnt much bigger in markets.. any forex guru claiming 75%+ win rate is a scammer one way or another gauranteed. In the end its not about the fact that your system gives an edge
but how u control you emotions to execute. Thats all you need to know to make money. Easier said than done.
thats true for ignorant traders. we have unfolding fundamental themes here. the more knowledge one has, the more accurately one can read the charts. Stock traders are usually professionals in their fields, such as mining, commodities etc... they have a stronger edge.
I am not the only one here who has made more than 10x my money here. Bitcoin is a phenomena.
The forex markets are much larger and robust, randomised, and manipulated. I would agree that nobody can sytematically make 75% from that.
I also agree about the emotions, not only your emotions/logic but others aswell.
Its only10x because your an early adopter.. when average joe gets in it will be just like forex where 1 pip is like 1 mbtc movement from added liquidity.
The 1000:1 brokers are fake.. you will be requoted during news such that you always lose 75% of the time your spread will be 10x enough to break any system even if your jesse livermore..
If you keep winning they can then shut you down for no reason.. and your funds? Not so secure in cypress.. no thanks good riddance to forex. Never touch that shit again.
The hedge funds and big player collude with each other to game the system.. they offer each other inside info.. Thats not a system thats fraud. They only make money from access to info where even a teenager can out trade them. The rest of us can win if we understand the enemy.. and in forex and stocks there are too many of them now.. Broker bank and dark pools. Atleast here we know we are trading vs each other.
I keep trying to wrap my mind around these kinds of comments to leave forex b/c it is too manipulated.
Maybe I am NOT familiar enough, but bitcoin is much more able to manipulate based on its small market cap and also based on a certain tolerance of off the blockchain transactions.
My thinking is that Bitcoin is going to be highly manipulated for several years - until:
1) the market cap grows to 100 billion or maybe 1 trillion would be much better to make manipulation more difficult,
2) more transactions need to take place either on the blockchain or through trusted mechanisms (maybe sidechains will help with this),
3) I am a little conspiratorial in my thinking that the government and/or other bad actors such as banking institutions may have gotten a hold of stolen coins and are manipulating through those means - so security and ease of use will help to lessen the ability to manipulate and
4) there may be some other revisionary mechanisms that will provide reforms that I am NOT considering at the moment.