DislikedMany people define successful traders is those who can profit big money over night, I'm really sick of this kind of conclusion. What do you guys think?Ignored
Self-sufficiency is the greatest of all wealth. - Epicurus
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Are there any successful technical traders? 19 replies
How are these EAs successful for a very long time? 4 replies
Any Consequence for having too many successful traders? 25 replies
How can I find These Values inorder to find resistance and support levels 2 replies
Successful XAU/USD traders 7 replies
DislikedMany people define successful traders is those who can profit big money over night, I'm really sick of this kind of conclusion. What do you guys think?Ignored
DislikedGood Day, It took a long time to achieve but bottom line for me was to know how I would react under certain conditions. You are your worst enemy, so bring your enemy closer... {image}Ignored
DislikedGood Day, It took a long time to achieve but bottom line for me was to know how I would react under certain conditions. You are your worst enemy, so bring your enemy closer... {image}Ignored
Disliked{quote} Anyone can make big money overnight with dumb luck. Big money comes with big risk; if I see someone up 100% in a week it’s a sure sign they’re a novice living on borrowed time. Real success is less about big returns and more about simply surviving over the long run.Ignored
Disliked{quote} Well yes, survival is must. I have seen traders risking their entire capital in one go, just in the greed of big profits. Hardly do they understand the importance of risk management, which takes them nowhere but towards the end of their trading journey.Ignored
DislikedI can attest to the almost non existence of profitable retail traders. I work for a broker and we have expanded into a regulated entity, dealing with fund management. i Have been trying to recruit traders who can demonstrate a consistent 2 or 3 per cent per month profit with minimal draw down. Apparently this creature does not exist. I have evaluated over 5000 applicants and less than 10 show any potential. hard game thisIgnored
DislikedI can attest to the almost non existence of profitable retail traders. I work for a broker and we have expanded into a regulated entity, dealing with fund management. i Have been trying to recruit traders who can demonstrate a consistent 2 or 3 per cent per month profit with minimal draw down. Apparently this creature does not exist. I have evaluated over 5000 applicants and less than 10 show any potential. hard game thisIgnored
DislikedI can attest to the almost non existence of profitable retail traders. I work for a broker and we have expanded into a regulated entity, dealing with fund management. i Have been trying to recruit traders who can demonstrate a consistent 2 or 3 per cent per month profit with minimal draw down. Apparently this creature does not exist. I have evaluated over 5000 applicants and less than 10 show any potential. hard game thisIgnored
Disliked{quote} That's because profitable traders are in a proprietary business model and aren't going to share their profits with you, LOL. Geez. Nice try though, LOL. NO BOSS, NO CUSTOMERS, NO SALES, NO AGENDAS.Ignored
DislikedI can attest to the almost non existence of profitable retail traders. I work for a broker and we have expanded into a regulated entity, dealing with fund management. i Have been trying to recruit traders who can demonstrate a consistent 2 or 3 per cent per month profit with minimal draw down. Apparently this creature does not exist. I have evaluated over 5000 applicants and less than 10 show any potential. hard game thisIgnored
Disliked{quote} That is very very interesting to hear. 10 out of 5000! wow. Generally speaking, what is the minimum length of time you would like a retail trader to be consistently profitable on a live account. (of course) 12 months, 18 months? I understand the longer the better but was interested to hear it from your side of the fence. It will give me something concrete to aim for. Cheers AnthonyIgnored
Disliked{quote} Interesting information. There is probably some skew to the results - the more successful traders are the least likely to apply for your positions. You see this pattern in every industry. The strong performers need to be hunted down and enticed! The low performers apply ALL DAY LONG!Ignored
Disliked{quote} most retail traders have no access to appropriate training or experience. it is not surprising so many fail but it isn't a royal flushIgnored
Disliked{quote} I think the point is that not even a "professional retail forex trader with appropriate training and experience" applied for the job.. 5000 is a significant sample size.Ignored
Disliked{quote} " i Have been trying to recruit traders who can demonstrate a consistent 2 or 3 per cent per month profit with minimal draw down. Apparently this creature does not exist. I have evaluated over 5000 applicants and less than 10 show any potential." where does it state they included professional traders with appropriate training being included? it doesn't, you just made that up! there are many factors to consider when looking at the pool of traders they looked at. which broker for starters because professional traders won't use any broker and...Ignored