EURUSD | Page 39614 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #792,261
  • Apr 28, 2013 12:22pm Apr 28, 2013 12:22pm
Quoting fxmajsterek
{quote} Good words And what do you think about percent of folding or saying percentage multiplied . Money not paid throughout the year
I am sorry, but I dont understand your question.
"I know one thing, that I know nothing." Sokrates
  • #792,262
  • Apr 28, 2013 12:29pm Apr 28, 2013 12:29pm
Quoting Golden Lion
Hi Guys, Been here since long time(as a guest all the time). Lot of members are making most valid points and views. Amazing. Most of you guys are awesome at knowledge. Now I have decided to be the one among you rather than just being a spectator. Hope I am welcome here.
Hello! welcome.
"You're solid gold, see you in hell"
  • #792,263
  • Apr 28, 2013 12:35pm Apr 28, 2013 12:35pm
Quoting Tom_D_Trader
{quote} I am sorry, but I dont understand your question.
I mean, for example .You have 20k and you earn 20% a month , have earned four thousand . In the next month this amount of money you invest in 24k . And so in every month doing . This calculation goes 1 million in 22 months . Of course, saying that every month you have 20% . A friend gave me the idea , and telling me that he wants to do so . Do not know if it's real sometimes I place duff month
  • #792,264
  • Apr 28, 2013 12:43pm Apr 28, 2013 12:43pm
Quoting Tom_D_Trader
{quote} Well, to me neither. Thats why I target 50% and not 3%. I aint millionaire. But I would be glad anyway if my account makes 3%. Would be kinda fail, but not as big fail as if I ended up in loss. I just wanted to point out profits from speculating markets have its limits. If it was normal to reap 100% profits from markets, all banks would be doing it and you would get 50% whatever for bank deposits. But they´ve got all the technology, teams of analysts, not mentioning insider informations, and they dont do it. Why? Simply because...
Of course 4% is not good, it's actually very bad.
Why would I spend 3000 hours per year for such a small return? You forget that the 2% in the bank You don't have to work for,.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #792,265
  • Apr 28, 2013 12:47pm Apr 28, 2013 12:47pm
Quoting fxmajsterek
{quote} I mean, for example .You have 20k and you earn 20% a month , have earned four thousand . In the next month this amount of money you invest in 24k . And so in every month doing . This calculation goes 1 million in 22 months . Of course, saying that every month you have 20% . A friend gave me the idea , and telling me that he wants to do so . Do not know if it's real sometimes I place duff month
What are you talking about is compounding of interest gained. Or reinvesting of profits. This is what lurks many investors in FX market in general. But let me assure you it doesnt work, unless you are very mentally strong individual. Theory is great, but I assure you you are going to get heartattack . Size of the account has heavy impact to your trading decisions. You just simply cant say "ah, fack it, MAs crossed, so I buy for a million". It really gets tougher and tougher when your account grows.

Got a great vid for this topic .

Inserted Video
"I know one thing, that I know nothing." Sokrates
  • #792,266
  • Apr 28, 2013 12:58pm Apr 28, 2013 12:58pm
Quoting KillerWhale
{quote} Of course 4% is not good, it's actually very bad. Why would I spend 3000 hours per year for such a small return? You forget that the 2% in the bank You don't have to work for,.
Let us agree to disagree . I am talking of limits of speculating markets. Let me repeat. If it was possible to reap such huge profits from markets, all the banks would do it, we would be all superrich and world GDP would be made from trading . It would totally change structure of the world as we know it. But thats just not the way it is.
"I know one thing, that I know nothing." Sokrates
  • #792,267
  • Apr 28, 2013 1:01pm Apr 28, 2013 1:01pm
Quoting Tom_D_Trader
{quote} What are you talking about is compounding of interest gained. Or reinvesting of profits. This is what lurks many investors in FX market in general. But let me assure you it doesnt work, unless you are very mentally strong individual. Theory is great, but I assure you you are going to get heartattack . Size of the account has heavy impact to your trading decisions. You just simply cant say "ah, fack it, MAs crossed, so I buy for a million". It really gets tougher and tougher when your account grows. Got a great vid for this topic...
One must control the . Of course you're right does not want to get a heart attack . Trading should be a pleasure and not a nightmare . Choose a job you love, and you will never have to work a day in your life

Southpark very fast action at the table
  • #792,268
  • Apr 28, 2013 1:05pm Apr 28, 2013 1:05pm
Quoting Tom_D_Trader
{quote} Let us agree to disagree . I am talking of limits of speculating markets. Let me repeat. If it was possible to reap such huge profits from markets, all the banks would do it, we would be all superrich and world GDP would be made from trading . It would totally change structure of the world as we know it. But thats just not the way it is.
Banks actually make gigantic profits, but their overhead is just also very big. A good traders salary starts around $600,000 per year + commission.
And their computer systems are extremely expensive. They put millions in research and so on.
Then they make profit on top of that.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #792,269
  • Apr 28, 2013 1:05pm Apr 28, 2013 1:05pm
Quoting SugarPink
{quote} Hello! welcome.
Thank you so much SugerPink. I am expected you to be the first to welcome me and right there you are. You are the one of most active members I like to watch posts on EU forum.
  • #792,270
  • Apr 28, 2013 1:08pm Apr 28, 2013 1:08pm
Everything's relative...

Percentage means absolute zero, why dont you guys talk about profit factor instead?

Imo it tells a lot about the trader instead of silly percentages, everybody have different acc, and the easiet thing is to say i made x percent today etc etc..
Patience is a virtue...
  • #792,271
  • Apr 28, 2013 1:12pm Apr 28, 2013 1:12pm
Quoting KillerWhale
Banks actually make gigantic profits, but their overhead is just also very big.
Y, and that is why like 10 banks in Europe got nationalized in last two years . Also the reason for Lehman crash and AIG bailout. Also the reason why bank stocks keep on falling.

Cmon man, those banks are totally facked. They are just overleveraged insider trading bastards. Y, some banks reap gigantic profits, like GS, but that is because they´ve got connections to US congress.
"I know one thing, that I know nothing." Sokrates
  • #792,272
  • Apr 28, 2013 1:16pm Apr 28, 2013 1:16pm
Quoting Tom_D_Trader
{quote} Y, and that is why like 10 banks in Europe got nationalized in last two years . Also the reason for Lehman crash and AIG bailout. Also the reason why bank stocks keep on falling. Cmon man, those banks are totally facked. They are just overleveraged insider trading bastards. Y, some banks reap gigantic profits, like GS, but that is because they´ve got connections to US congress.
I was just talking about their forex profits, not their over leveraged derivatives.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #792,273
  • Apr 28, 2013 1:22pm Apr 28, 2013 1:22pm
Quoting KillerWhale
{quote} I was just talking about their forex profits, not their over leveraged derivatives.
Well, I am talking of limits of speculating markets in general. Bonds, Stocks, Commodities, Currencies, whatever. Maybe they are profitable in FX, but also all of them bought PIIGS bonds awaiting bailout and got spanked last year. That is called portfolio. It is useless beeing profitable in FX, when you loose all gains in bonds.
"I know one thing, that I know nothing." Sokrates
  • #792,274
  • Apr 28, 2013 1:25pm Apr 28, 2013 1:25pm
When big accounts and big stakes are being played a lot of interesting things start to happen.
For example what happen on JPMorgan some months ago. Their trading desk was making huge bets on a tiny market, the hedge funds found out it was JPMorgan, so they united and margin called him. Things like that happens when big stakes are at play.. Your broker also doesnt play againts you, it will hedge your positions, (ie, you get a average price of what you bought) things like that..
Its a zero-sum game and people are viscious when big stakes are at play.
http://www.zerohedge.com/sites/defau...%20markets.jpg
"You're solid gold, see you in hell"
  • #792,275
  • Apr 28, 2013 1:27pm Apr 28, 2013 1:27pm
Quoting Tom_D_Trader
{quote} Y, and that is why like 10 banks in Europe got nationalized in last two years . Also the reason for Lehman crash and AIG bailout. Also the reason why bank stocks keep on falling. Cmon man, those banks are totally facked. They are just overleveraged insider trading bastards. Y, some banks reap gigantic profits, like GS, but that is because they´ve got connections to US congress.
How do you write about it reminds me of the movie

http://www.veoh.com/watch/v37088999E...d+-+Inside+Job
  • #792,276
  • Apr 28, 2013 1:28pm Apr 28, 2013 1:28pm
Quoting hadox
Everything's relative... Percentage means absolute zero, why dont you guys talk about profit factor instead? Imo it tells a lot about the trader instead of silly percentages, everybody have different acc, and the easiet thing is to say i made x percent today etc etc..
percentage means zero ?

What if you make 50% every month ? It still means nothing ?

And profit factor doesn't mean much more then...
COT: The precious data ignored
  • #792,277
  • Apr 28, 2013 1:33pm Apr 28, 2013 1:33pm
Quoting kuroro001
{quote} percentage means zero ? What if you make 50% every month ? It still means nothing ? And profit factor doesn't mean much more then.
50 % of what?

50 % of a 500 usd account vs 0.1 % of a 10.000.000 usd account?
Patience is a virtue...
  • #792,278
  • Apr 28, 2013 1:34pm Apr 28, 2013 1:34pm
Lol Hadox. Percentage is everything. It is the most important part of trading, to make profit . At least thats what I´ve thought.

Btw., wtf is "profit factor"?
"I know one thing, that I know nothing." Sokrates
  • #792,279
  • Apr 28, 2013 1:37pm Apr 28, 2013 1:37pm
Quoting hadox
{quote} 50 % of what? 50 % of a 500 usd account vs 0.1 % of a 10.000.000 usd account?
What profit factor says much more about your account size?
COT: The precious data ignored
  • #792,280
  • Apr 28, 2013 1:38pm Apr 28, 2013 1:38pm
Quoting Tom_D_Trader
Lol Hadox. Percentage is everything. It is the most important part of trading, to make profit . At least thats what I´ve thought. Btw., wtf is "profit factor"?
Gross profit / gross loss.

10k profit / 5k loss during the month = 2 profit factor

So it doesn't say much more than percentage about how profitable you are.

It just shows how "good" you are, highest profit factor means overall profit is far better than overall loss.

But 10$ profit / 5$ loss = 2 ....
COT: The precious data ignored
277 traders viewing now