DislikedBW “Delusional” is denoted by your reoccurring reference to someone named “Steve.” Who is “Steve ?” I've never mentioned a "Steve." My contribution to this thread appears to be causing you some emotional discomfort, and the risk of emotion overriding logic. For that reason, I will politely leave you with your beliefs from hereon, but hope that others aren’t demotivated by your contribution. Your contrived scenarios, given to illustrate your emotional scepticism, are fantastical, and at the very least...conveniently structured to support your “incredible” perspective. The title of the thread is “can I make a living from forex ?” A more realistic scenario (but still staying with your theme) could be a trader starting with a balance of 10K. So as not to get too complicated we could realistically work with four trading weeks per month and 48 weeks per year (scratching December). Accepting that some weeks are good and others not so, we average at 10% per week for the sake of this illustration. At the end of month one, the traders balance is $14,641 Keeping his / her living expenses to a tight budget; $4K is withdrawn each month to live on. At the end of the twelve months, the traders account balance is approx. $142,614 The trader wishes to purchase a property and withdraws $132,614 as a down payment, leaving $10K trading account balance. He / she then repeats the whole exercise again for the next twelve months. Unlike your scenarios he/ she is “making a living,” building security, and re-investing..in a real world situation. Likewise, “institutions” DO have overheads, and no-where near as conservative as our “retail trader” example above. Taking your initial $1m fund as an example, and working with a conservative 10% profit per week, How much of that $100,000 do you think for is left for re-trading after all wages, overheads, investment pay-outs, securities, expenses etc. etc. have been taken out of it? So if you want to present a contrary argument, let’s be real. I could quote Anton Kreil (ex. Goldman Sachs) who quite recently admitted that a suitably skilled retail trader could earn more in profits than he could make in paid wages by Goldman Sachs, and that he now does just that. (However, he does admit that Goldmans were generous with their entertainment allowances). Do you honestly think he achieves that figure on the small percentages that you profess to be possible? Admittedly, I’m not totally familiar with the working of such trader ranking sites as ZuluTrade, but I would assume that they have some responsibility to authenticate their figures displayed. I notice today may traders far exceeding 10% per week ROI and one at 32.7% per week ! Is this also “impossible.” I percieve that you are evidently frustrated, and accepting such possibilities may be hard for you to swallow. But the true answer to the question “Can I make a living from forex?” is Yes you can. I have done so, still do, and so do (apparently) approx 10% of traders….and 10% is one hell of a lot of people. You just need to be one of them. I’ll leave you to your comfort zone, and sincerely wish you well.Ignored
... Bad example (there are no good examples) Mr. Anton Kreil is a fake and a phony, and just one more in a long long line of piped dreams peddlers.
This rather invalidates all you can say...