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fx "traders" hate real profitable traders


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fx "traders" hate real profitable traders

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  #1 (permalink)
Spottrader
springfield, US
 
 
Posts: 14 since Apr 2022
Thanks: 0 given, 4 received

People that "trade", especially into forex, hate profitable real traders. Every forum post is just met with a challenge.

It is freaking lonely and I do detest those websites like babypips, forex factory and some others.

Anyone here use off-shore shops. I consider them adversaries really and I worry that they won't like me the more I make.

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  #2 (permalink)
artisanpro
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What is this all about!?

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  #3 (permalink)
 kevinkdog   is a Vendor
 
 
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Spottrader View Post
People that "trade", especially into forex, hate profitable real traders. Every forum post is just met with a challenge.

It is freaking lonely and I do detest those websites like babypips, forex factory and some others.

Anyone here use off-shore shops. I consider them adversaries really and I worry that they won't like me the more I make.


Have you considered trading currency futures instead of forex? No bucket shops, more regulated markets and similar trading costs. Best of all, moves are similar so what works in EURUSD pair is more likely to work in Euro futures.

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  #4 (permalink)
Spottrader
springfield, US
 
 
Posts: 14 since Apr 2022
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They're generally just a bunch of miserable people, ones that live on the particular forums day in day out and can't put a profitable week together. If they come across a real trader it's like they scream heresy. Most if not all of fx social media is pointless.

It's tough to find anyone to relate with in that market's social media, at least from my experience.

Maybe even the wrong thing to say here as it's the same pretty much in all forms of trading forums.

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  #5 (permalink)
 Big Mike 
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Spottrader View Post
They're generally just a bunch of miserable people, ones that live on the particular forums day in day out and can't put a profitable week together. If they come across a real trader it's like they scream heresy. Most if not all of fx social media is pointless.



It's tough to find anyone to relate with in that market's social media, at least from my experience.



Maybe even the wrong thing to say here as it's the same pretty much in all forms of trading forums.

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  #6 (permalink)
Spottrader
springfield, US
 
 
Posts: 14 since Apr 2022
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Big Mike View Post
Please take note that FIO is different, and we do not tolerate trolling.


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How is this trolling. Care to explain?

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  #7 (permalink)
 matthew28 
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Spottrader View Post
it's the same pretty much in all forms of trading forums.

As you don't find anything of value on the forex forums you mentioned, the easy solutions is not to visit them any more.

And in the same vein, as you consider "off-shore shops" your adversaries, don't use them. As Kevin said and for the reasons he gave, try futures instead, especially as you are US based.

Your first post was yesterday, if you have a look around you might find some information that is useful and some people that can help, and you can help back.
This forum is mostly futures based, the clue's in the name, and as Mike (the forum founder) said, this forum is well regulated and the mods work hard to keep the conversation here civil and productive. Not all forums are the same.
Just my 2 cents.

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  #8 (permalink)
Spottrader
springfield, US
 
 
Posts: 14 since Apr 2022
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matthew28 View Post
As you don't find anything of value on the forex forums you mentioned, the easy solutions is not to visit them any more.

And in the same vein, as you consider "off-shore shops" your adversaries, don't use them. As Kevin said and for the reasons he gave, try futures instead, especially as you are US based.

Your first post was yesterday, if you have a look around you might find some information that is useful and some people that can help, and you can help back.
This forum is mostly futures based, the clue's in the name, and as Mike (the forum founder) said, this forum is well regulated and the mods work hard to keep the conversation here civil and productive. Not all forums are the same.
Just my 2 cents.

Profitable trading is a personally intimate gig. Not many real profitable spot traders out there. Being on a forum or message board and saying hey I'm going into such and such just isn't a reality.

All brokers are adversaries I should've said. I have accounts with both.

Currencies are my game, I used to be licensed in both commodities and securities. I find fx more streamlined and less bullshitt to deal with. Not implying it's easier, probably the other way. But I just "get it". The liquidity in retail fx is better imo and I'm sure others may say the same if they've traded fx futures, typically with the minors is where this is really evident. I don't rely on DOM and don't need to. To me it's just another tool, method or some even will argue "edge". Some do use various feeds still.

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  #9 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
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Spottrader View Post
All brokers are adversaries I should've said. I have accounts with both.

I would disagree, futures brokers aren't adversaries, they are an intermediary providing leverage with reduced margin, and the essential connection to the exchange for order routing. Paying them a commission for that necessary service doesn't make them an adversary, it should just be a minor cost of business.

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  #10 (permalink)
Spottrader
springfield, US
 
 
Posts: 14 since Apr 2022
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matthew28 View Post
I would disagree, futures brokers aren't adversaries, they are an intermediary providing leverage with reduced margin, and the essential connection to the exchange for order routing. Paying them a commission for that necessary service doesn't make them an adversary, it should just be a minor cost of business.

All brokers say the same thing. It's more their liquidity providers. There's a conflict of interest that exists. In fx they all say their stp/ecn aside from a handful.

No where did I say their spread/commissions made them adversaries. It's don't really concern my brokers fees. I'm not that kind of trader. Spreads a little, but there's too much going on to stipple that.

You're privy to you opinions

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