Dislikedthey should change the name of this thread to...."How can I become a "professional" forex trader in less than 60 minutes, and who can show me how to do it"
because that's pretty much what's been asked....Ignored
i agree!!!
any professional forex news traders? 6 replies
Forex Predictions by professional traders 32 replies
What do you think Professional Forex traders Make? 33 replies
DislikedHello Everyone,
My name is Daniel Fernandez and I am what I think you would consider a professional trader, albeit not an institutional one in the formal sense. I do manage a private investment fund and I do so entirely through the use of mechanical trading strategies with predefined rules. I usually aim for a yearly return between 10-50% but more specifically I aim for an average compounded yearly profit to maximum draw down ratio of at least 3:1. In the end the most important thing is capital preservation and that the long term risk is adequately...Ignored
DislikedOK, the thing that Ive learned from several professionals, Im talking about those that have to answer to someone else for there success and failures, not your regular self employed trader, like me, is that they are not making high pip counts each day/week, perhaps 25 pips a day maybe, there reason for making large financial returns is down to the size of the accounts they manage, the equity growth they secure in relative terms is not huge. This is a slightly broad statement as I haven't spoken with any professional traders that hold positions for...Ignored
DislikedI have never come across in that time any information about profitable trading......
WHAT WORKS !!Ignored
Dislikedyes ofc i mean EM currency, in bank which i'm working for we ussually deal EM currencies and we are small player in FX market, but 50mio oda in eurczk is ussually good amt to move the market, especially when other participants join the move....sorry i would tell more cos i'm not allowed to do so, even on the public forum you know...., you look like you are interbank dealer too or have you been in past?Ignored
DislikedFor many years I used to work for a global bank, based on their FX derivatives desk in London. I specialised, for a large part, in structuring, and making a market for, exotic products (EMTNs and structured depos/swaps/baskets) in EM currencies. Therefore, I often had to hedge, or unwind, the delta risk in less liquid pairs, so I am aware of how difficult it can be not to leave a visible footprint in certain markets.
Don't worry, I wouldn't expect you to say anything specific on a public forum.
I wish you the best of luck in your career.Ignored
QuoteDislikedThey look to form there own systems. keep them a closely guarded secret, once perfected. Systems based on pure maths and quantum psychics ! The only way we can compete, is be privy to that information. The information on the exact strategy they use, but the question is .... will they share it... unfortunately I think not.
DislikedHey Guys
The information we all seek does not exist. The majority of professional traders that work for institutions have serious degrees in maths and science.
They look to form there own systems. keep them a closely guarded secret, once perfected. Systems based on pure maths and quantum psychics ! The only way we can compete, is be privy to that information. The information on the exact strategy they use, but the question is .... will they share it... unfortunately I think not.
Why would you after all that expense and hard work want to share...Ignored
DislikedDepending on the way the institution you are working for trades it will also make no sense to share the systems since regular retail traders simply won't have the necessary direct connections and software to run it. Many of these systems -especially those used by high frequency institutional trading systems - are built to trade thousands of positions each day with especially designed software and computer clusters. Regarding this high speed trading I would have to say that the little guy would simply not having anything to do from a competition...Ignored
DislikedFrom these articles you will get some insights
http://www.nydailynews.com/money/200..._millions.html
http://blogs.reuters.com/commentarie...ading-scandal/
http://www.programtrading.com/about.htm
http://en.wikipedia.org/wiki/Algorithmic_tradingIgnored
Disliked
You've got to be kidding me.....
So to summarize this thread:
:-): Hi guys, who's a pro, how much do you make and how do you do it??
:What your asking isn't possible! nobody will help you!
:-): ya well i can dream can't I???
:Heres why its not possible
:-): I reject your reality and replace it with my own!
:i trade professionally, this is how much i make on average, this is how i trade, and heres an EA that will do it for you!
:-):hi guys, turns out i was wrong soo....
???????????????
I can't type...Ignored
DislikedHi
Why do you keep coming on this thread and posting negative comments all the time, haven't you got anything better to do, seriously...lol.
Go find another thread that is of interest to youIgnored
DislikedHey Guys
The information we all seek does not exist. The majority of professional traders that work for institutions have serious degrees in maths and science.Ignored
QuoteDislikedSystems based on pure maths and quantum psychics ! The only way we can compete, is be privy to that information. The information on the exact strategy they use, but the question is .... will they share it... unfortunately I think not.
QuoteDislikedWhy would you after all that expense and hard work want to share such information with someone like me.... well in fact us to be honest ? you and me!
QuoteDislikedso why would these guys, the professionals who we seek advice from, from whom we seek direction from give anything away.
QuoteDislikedIf we lose they win... , they manipulate price with massive accounts, they know where we place our stops, they know our human frailty... which is either "fear or greed", we are played like a "fiddle"!
QuoteDislikedWe are Dreaming ! in our quest for any useful advice on here !
DislikedI would be surprised if that was the case. Programmers and mechanical traders don't rule the markets, discretionary traders do, and I expect most do not have science or math degrees.
Quantum psychics? I'd prefer if you didn't use "they" and "we", as if we all belong in two neat groups. We don't. The skill level for retail and professional traders varies significantly.
I would share very little with you. If you are sharp, a few hints should be enough to set you on the right track.
You'd be surprised. If you ask the right way, most people...Ignored