Why Are We Here? If you are really here for profits, please read!

Yes. Or make money, trading style.. and DONATE to hospital BTW I believe Carl Icahn (MD drop-out) contributed to medicine X-times more than he would would be able as a doctor... Is that noble? But first he traded (now he is "activist investor"). Also he played poker, earned quite a good deal there at a young age...
He donated 200mio to Medical School! https://www.nytimes.com/2012/11/15/n...arl-icahn.html
They named it after him, after...
https://en.wikipedia.org/wiki/Icahn_...at_Mount_Sinai

BTW you nailed it... That is why I believe it should be TRADE AF.. GET money and RUN Then become investor, philanthropist, sponsor, trend-setter... associate with some noble s.. if you want or not...

Thank you so much for this write-up. I'd like to state that I am a novice trader that is picking up bit by bit and would like to make serious money. I'm glad I stumbled on this post. Please I'd like to learn to trade like a professional. I have been using demo accounts for a while and my money keeps depreciating instead of appreciating. Can I get a teacher here pleaseeeee!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Well, you are at the right forum, keep learning and interacting here. And the losses that your are incurring, don’t worry about those. Keep practicing and learning and those will definitely transform into gradual profits.

Hi man, tnx... I can not help you in the teacher category part since I would not classify myself as one, if you are expecting being able to learn to be profitable...
I believe there are many more "teachers" in this forum that seems to "know" much more I might help you with some "tools" that I find useful, some "golden rules" that I find paradoxical and that are used widely... Also could help you with some "internal logic" deduction (deductive logic or deductive reasoning) because some strategies are internal fail logically speaking.. But as far as given someone the ultimate formula, magic wand etc.. as some claim they have... I am still looking/confirm it myself Also one more thing... I believe trading is similar to any zero or hero profession... There are some classes, schools, case studies.. but there are no guarantees who will become the next successful rapper, inventor, successful businessman... We are all looking for the "missing juice" of what makes all the difference or at least increase the odds significantly... if it is not luck anyway But I can tell you something right now... If you fail the first time, repeat and repeat again Repeat ill failure, rest, repeat Maybe... If you want to know my "logic" or whatever, I recommend strongly to read my previous posts/threads... I leave, as anyone, my "imprint" in everyone, as everyone else does in his/her

Yeah, I agree. I would also add (for him) that one should break-down the loss.. in at least like PRICE PREDICTION (did your predicted price reach, eventually)? How soon and how much it went "counter" before it did? Also what was your money management, would trades go through if you adjusted TP:SL, LEVERAGE levels differently.. Would advise to check the later parameters carefully, in considerable sample of trades vs only on ONE.. Because if we are looking only at ONE trade.. than those Risk:Reward max 1:1 will come in droves... Even in bigger sample in fact but their argument would be much stronger per ONE trade Something like that

that's called a guilty conscience .. if you make money trading invisible things then really what are you doing? what are you contributing to the natural world and its communities? not much at all. maybe adding a tiny bit of liquidity at a stretch of the imagination.. these are the things someone might ask themselves when they make money by really not helping or doing anything, amounting to a sophisticated gambler is all, dressing it up with lines on charts and 'finance' is just a delusion.

better off not being in it for the money, just in it because that is what you do, the money is just a by-product then it doesn't become your problem so much in that you just have a responsibility of doing the right thing with it.. but what is right and wrong are arbitrary and cultural so there is no point in an answer, just a subjective interpretation guided by personal ethics..

Well, I suppose there are some who agree with nihilistic sentiments, and articulated in a manner to be congratulated.

You could give us a clue what professions are noble.. I am sure you have some romantic image of doctors that you seem to mention... as "fix the sick"... We could get into a whole debate but think this... If traders do not make money it us up to them.. If they get it, who did they exploit really? Who gets hurt? Traders also prevents/punish certain market manipulator of doing whatever they want... Or would you prefer to have fixed prices... aka no markets... I am sure you know what happened to those kind of system that strived to FLATen out everything and everyone... So about fixing the sick... you might imply the MDs.. You might be surprise how many went to study it NOW only because of money because it does PAY a good money (yea yea school expenses are high, school debt but they are so high exactly because of the HIGH expected earnings)... In the 60s.. in US also.. engineers and doctors were closer to pay, in fact engineers were a little more... Now it went to crazy amounts.. when some memorise certain knowledge, do routine skills, no innovation, no real risk, unemployment is practically unknown and they age like wine, down to almost the last one (even the fart LEFT ones at end of the GAUSS)... Some are money guilty about it and they hide their Ferraris.. They know they made very good money and that many can not afford those prices and they die or declare medical bankruptcy if they get admitted anyway... Not discussing the top notch MDs which should be paid crazy amounts as in any profession, specially private market ones.. but the ENTRY level salary (after all practice is done; even for much below average ones) is so high that many many can not afford basic medical care and they die.. so that certain people could "SAVE LIVES" and DRIVE FERRARI along the way... Do not get me wrong, I believe being a MD in this day of age is BEST shit... if you do not have the juice you could not get paid more (and more stable) in any other profession except with luck or some strong buffer... I would basically recommend anyone to go to medicine because it is EASY compared to trading, if you know how to compare that is...
Engineers have to know a lot and innovate or they are sacked, specially after certain age... the age when MDs start to gain real value... Basically the formula is..
CAPABLE (somewhat), be a doctor... If you are capable and have a KILLER instinct.. go to FINANCE.. because the most capable people are there... They make the rabbit out of the hat... Finance, insurance companies are far superior and people without do exactly what they want... BTW fin jobs are much less paid this days vs MDs (dont compare the cream dela cream but groups - also do not forget the certainty - hard to survive in IB even, let alone trading)... Becoming a doctor is also a mantra for Asians (China, India) that migrate to US because they get it.. It is the best and most stable ROI (that you seem to imply) that you can get in the US... starting with ZERO "old money" etc... Funny thing is that in China for example, being a doctor is not more respected than engineer. In fact it is a 2nd choice if students can't get or finish engineering school etc.. then they "be good", memorise and become at least MD.. It changes if they want to seek job in another country...

Kids of rich do not need to study MED/LAW and could study whatever you want... This days MED is very attractive, good pay... good respect, "noble", almost no downsides (in the jobs markets)... sure they will not have a clue on the other sides (owners, creators, puppetmasters) but they will live a good life, specially in ignorance (is a bliss)...

You also seem to ignore my implication that you can use trading as a TOOL to get money to CHANGE the world if you want... But I do not believe I could change your views seems I think are set in stone but just some overview and I got into the subject quite a lot.. and would say to you that you always start with basics...
What makes the price, who contributes to world most... You can make any number of doctors this days, at least to quite high level.. How many successful traders or businessmen that can change the world can you really reproduce? Even the professors that teach it have no idea how to make that...

Some very interesting clip about the Indian MD (Heart Surgeon) that gets it... You can find his later clips and successes... He understands it what it is all about, not that noble that you might think... You can replicate any number of them with the right setup.. and guess who can make that happen? Some investor/entrepreneur that would make/show BETTER example where healthcare could be cheap af.. and that could be done if there would be interest... We won't need so expensive insurance if the prices would be low... Insurance itself can not solve the problem alone if the average lifetime care is MUCH higher... won't work by basic math... Need to make it affordable as it is, at least the BASIC level, not talking about the high-end procedures atm... and then we could add additional benefit of insurance.. Insurance at this prices... is destined to fail... Just check the cancer treatment costs vs expected occurance vs all the expected insurance collected vs expected costs...

The "juice" jobs have to be paid the most because there is also a huge risk that you don't squeeze anything.. Trading is perfect example... There is not a single school/class in the world that could give guarantee that they can make you (or anyone) a good profitable trader longterm.. But plenty of schools for some noble jobs...

Interesting book... https://www.amazon.com/They-Made-Ame.../dp/0316013854

Should traders be paid limitless? Why not? It is hardest shit ever... Once you make it.. you can do anything...

I am sure you might have no a clue what I was saying but if you would have a little open mind you might see the epic potential nobility one can do AFTER and also
believe it or not... many developed tools in trading are universal AF and they already changed our society... They invest in science, modeling, IT.. AF... and we all benefit from it...

As for myself.. I use the trading as a TOOL to get money, that is it... I use tools/models from other profession that I tried to apply in markets and it seem to! work at least some of the time... And once I get certain amount I could think about noble fundings where you can do maybe more direct real change... But maybe not.. I might just well sit, still have to be decided at certain time but first need to make MAD MONEY or forget about it

BTW I do agree with certain/much of your points but I think you are also missing the bigger picture of POWER of trading... and what it can benefit to society from all possible ways, much more than certain jobs within a system than guess who put it together? Atm we see this nonsense debates on TV because people don't get this... Everything is in the basics... or basic formulas... Innovators/investors/entrepreneurs/traders are of vital importance... And much luck/juice/gambling in the later, no doubt... numbers game increase it but overall creativity and imagination should be top priority... in any prosper nation and where do you see more of it than in trading?

This thread is epic proof why some have problem with trading... They do not even know WHY are they here

I have some present for you, EPIC CLIP if you have problem with motivation to make money with trading... Who is right is UP TO EVERYONE! Just a mental stimulation for any of you!



btw just from another thread...
Paul Tudor Jones II (born September 28, 1954) is an American hedge fund manager, conservationist[5] and philanthropist. In 1980, he founded his hedge fund, Tudor Investment Corporation, an asset management firm headquartered in Greenwich, Connecticut.[6] Eight years later he founded the Robin Hood Foundation, which focuses on poverty reduction.
https://en.wikipedia.org/wiki/Paul_Tudor_Jones

I'm here to learn what things I otherwise would not know. As most FX Facebook groups are pointless, I rely on forums

err.. that trading in order to make money, or, to be noble as you put it, or even to pay some bills is not ideal. trading simply should be an act and the byproducts should not matter. it'll reduce the pressures that may impact decision making.

Fixed.

Bit like playing with a demo account all your life. How fulfilling is that, and what does it contribute to the greater good?

Facebook or Forums, if the admins do not strictly manage or poor efforts to prevent the spammers, then it's flat out bad. Period.

Why forums getting more reliable because unlike social media, forum was created by hard working admins. the motive of social media is to increase the number of likes/comments by allowing the promotional contents to push the groups. Never liked the social media in the first place.

demo accounts are life as a teenager where they think they're that good and ready for the real-world but in reality they may not be - sometimes we all have to play as a teenager once in a while as it beats another punch in guts

personally I'm here just to be among like minded people.

This is quite an interesting thread, a lot deeper than most people will think and it's a very necessary thread.
Trading is so incredibly difficult that you really need a WHY deep inside of you. Now i don't know if the title of this thread is referring to trading in general or just this forum, I will primarily focus on the trading aspect of this question.

A lot of people (without knowing) use trading as entertainment in their life, maybe because they've just got a boring life, (I was a victim of this myself)
At first when reading this, you might just quickly skip it and be like "pshh that is not me.. i'm going to be a millionaire" But really think deep inside of you the trades you take, are they validly taken under your risk management parameters, under your trading system & strategy, most of you wont even have a proven method.. won't even have an actual system or if you do it's probably shit..

It takes a shit ton of work, only truly dedicated people that has a WHY within them will make it in this game.
Most people use it for entertainment, and they think it's much easier than it in reality is, then when they realize how hard it is they think it's much harder than it in reality is (Hence why we have the very popular idiotic thread of "Have you ever seen a successful trader/system") And then when profitable traders comment, people don't believe them.
If there is something i want you to get away from reading this thread is, if you're in this to make money go get an education and a normal job... the average trader LOSES money.. You have to truly want it.

I find this clip interesting... You have to believe you are necessary... Most people have ZERO clue why trading is important in what value DOES it bring to society...
People for example said to me how unfair it is that the price of gold changes so much that if you buy investment gold, the price uses GOLD chart as a base... And I said.. no problem, you could but at FIXED price, they can quote you some price and hold it for a month or more for you... but the RISK (spread etc) will be PRICED-IN... and do you really want that? Then they kinda though about it... It is either priced-in or things have to be PRICED-IN or heavily risked-in at least

I seriously recommend this clip below... BTW I have a plan for a long time to slice, break-down WS87 characters and show from another perspective than people might have... But till then, this clip is essential... People have "money guilt" when trading markets... BTW I fully oppose "tax on speculation" because the punishment of being wrong is ENOUGH without additional tax... I mean is one thing if one is getting rich by exploiting worker but quite another if one is speculating and gets through all the odds ALONE... But "some" would prefer to "punish" everyone the same which is ridicules... Also same people that are so against trading or any investments for profit.. just love to invest in real estate at first opportunity and price some people/families out of places eventually.. they have zero guilt about that but gets furious when one in *insert here* make it in trading and would like to tax it 100% if possible... Crazy...

Would advise people to re-read this thread since many got lost about WHY again Should be daily mantra... People forget, if they knew before even, what counts at the end of the day... They almost got stuck on some rules that seem to be even more important than the main objective, like PROFITS, MONEY, "for example"

you are right A... screw everything! let's just bet and have fun... CFDs are meant for ultra high risk speculation , period lol


I'm really sick of taking losses, so I went long on SP500 and XAGUSD no sl with high leverage!!

Welcome to the club of max leverage no sl.
CFD's are definitely meant this way.

absolutely, f**k stop losses. start small, make it big... if you can!