The success rate of classic forex traders using classic broker are low. US-based companies must publish the “number of people who really gain money using Forex” and rates are more than low. Just check the public communication of FXCM for example You have 76.88% of retail investor who is losing money for FXCM but it’s the…
I know the Forex Business since 2010. First as beginner trader – manual -, after being professional and asset manager using Forex on a daily basis. A lot of people following me gained a lot of money, me a little finally but I was able to live from it during 6 years with a Swiss Standard…
Last week with a capital of 100’000 USD, i paid severals brokers around 3’000 USD to give me back a profit of 300 USD. It’s just a little 1’000 % of commission. Yes, 1’000. Who is willing to give 1000 % of commission to someone in the real life outside broker’s mafia game? Whaa…. I…
Hi, I am Pierre Jean Duvivier, Founder of ThirdBrainFx. It’s a long time we have not spoken together as we decided to stop selling our robot during the pandemic crisis due to liquidity problem we have seen but our(s) robot(s) was still learning from the market. What they did and how they performed ? During…
Are forex rates predictable ? A good thesis from a Phd Student at the University of Raymond Lulle in Barcelona (Catalunya) about this question “A CONTRIBUTION TO EXCHANGE RATE FORECASTING BASED ON MACHINE LEARNING TECHNIQUES” try to answer to part of the question. (https://www.thirdbrainfx.com/wp-content/uploads/2021/04/SANABRIA_PhD-Thesis_Versio-Defensada.pdf) In Forex Trading, we are “influenced” by a known theory of…
Trading is complex because it’s too simple. Why? Because you need to follow rules, to apply this rules and never stop to apply this rules. This is behaviour has a name: discipline. It’s something that a lot of people can see as only stupid but the only way to make a profit with your own…
After the 2 first article dedicated to the global sense of trading: ” is simple ” and the choice of your first “strange partner” (the broker), we will speak about losing. Indeed Trading is a matter of what you will lose. To stay in the game, you need to control this aspect. How much you…
We see a lot of comments about Live and Demo account. Being a beginner, a demo account is the best way to start. No doubt. Before to go live, you will need to repeat your trading plan, be sure that you are computing right the lot size, entering at the good moment and exiting right. …
I have just spotted classic ads from scammers. Just see this balance curve : A scammer in forex market is someone who is only lying to you. And you can check easily they are lying by just looking at their equity curve. This curve is a typically curve with a mass of trades opened without any…
Ethic? Yes, it’s a strange world in finance. A lot of readers will say that it’s not my business to judge what is ethical and not. They are right. But behind the blockchain revolution – the idea is a simple and very efficient idea – there is a gap between the mindset.
