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How to Get Rich with Forex?

  • #21
  • Jun 29, 2017 11:06am Jun 29, 2017 11:06am
Quoting Banet
{quote} Dont hurry please. Success in Fx is a long time process, so who try to get rich very quickly obviously they will be loser. No doubt about it.
i need to finish building my new home quickly as possisble this year, pray for me please i need some money from forex to support my project
  • #22
  • Jun 30, 2017 1:39pm Jun 30, 2017 1:39pm
I'll tell you how but it's not for the faint hearted. Trading the 1 minute chart. With high leverage. Not necessarily scalping because often 10 pips + is achievable.

You need:

1/ A good template and good indis that isolate the high voltatility periods which is when you are going to gain the most pips.
2/ You need to trade at the right times of the day
3/ Concentrate on the trading pairs that move fast and far in a very short period of time. The reason for that is to alleviate the stress and move
your stop loss to BE as soon as you can (within a couple of minutes if possible)

I'm not talking nonsense. It's been done by a few traders and it's being done all the time.

Good Luck
  • #23
  • Jun 30, 2017 2:07pm Jun 30, 2017 2:07pm
Quoting lancar
{quote} i need to finish building my new home quickly as possisble this year, pray for me please i need some money from forex to support my project
It’s too much immature talking about the topic.

Forex market doesn’t have the ability to understand your financial crisis. This volatile market always moves according to its own desire. So don’t depend on this market without acquiring most powerful analyzing trading knowledge.

And please avoid this irrelevant talking.
  • #24
  • Jun 30, 2017 8:52pm Jun 30, 2017 8:52pm
Quoting MarkFxAnde
{quote} Its too much immature talking about the topic. Forex market doesnt have the ability to understand your financial crisis. This volatile market always moves according to its own desire. So dont depend on this market without acquiring most powerful analyzing trading knowledge. And please avoid this irrelevant talking.
okay sorry sir
  • #25
  • Jun 30, 2017 11:47pm Jun 30, 2017 11:47pm
It's a nice thread title and I think we should keep it going

I forgot to add the key ingredient that separates those who are making a lot of money trading forex and those who are not (and are probably more likely losing
money).

The KEY to getting rich in forex is conquering your fear. It really is the important factor. Yes "fear is the key"!
  • #26
  • Edited 3:26pm Jul 1, 2017 2:51pm | Edited 3:26pm
See 1:49 in. Comments?


https://youtu.be/L7G0OfJUON8
  • #27
  • Jul 3, 2017 3:03am Jul 3, 2017 3:03am
keep push yourself and break your limit...discipline,money management and good psikology .can make you rich in forex...keep positive
  • #28
  • Jul 3, 2017 5:32am Jul 3, 2017 5:32am
Becoming rich right over the night may be a day dreaming however forex trading allows us to earn some good returns on our investments provided we already have the required knowledge essential for winning forex trades.
  • #29
  • Jul 3, 2017 5:25pm Jul 3, 2017 5:25pm
Quoting dwe213
See 1:49 in. Comments? https://youtu.be/L7G0OfJUON8


Thanks for the link. Interesting stuff. But guys if you really want to learn a key " trading secret" ingredient to making a fortune in forex this guy has found it. Believe me he has! Watch it and post what you think it is

https://www.youtube.com/watch?v=Li3-NwAj6t4
  • #30
  • Jul 3, 2017 7:13pm Jul 3, 2017 7:13pm
Quoting jmtini
{quote} Thanks for the link. Interesting stuff. But guys if you really want to learn a key " trading secret" ingredient to making a fortune in forex this guy has found it. Believe me he has! Watch it and post what you think it is https://www.youtube.com/watch?v=Li3-NwAj6t4
penny stocks work different then forex. you cant compare penny stocks and forex, maybe the smallest exotic pairs, but even this pairs are with much more volume.

most often a penny stock trading room trick work this style:
there is a teacher. he is buying the stocks first, then tell the followers what he bought, and they buy too. because of narrow volume in pennystocks the price will go high. the teacher will seel first, later the follower students.

to promote this scam, you search from time to time a person, who you give your signals much earlier (before all other followers, so same level as teacher) to win big, and then tell the world how this student of you won a lot.
if you have many students you have also sometimes the luck that some won without help and you can use to promote , that it was your help most part.

ofcourse there are many possible variantes of possibilities to do it little bit different here and there, but most is same, because its so easy to scam people with pennystocks.
  • #31
  • Jul 4, 2017 2:32am Jul 4, 2017 2:32am
Quoting dukas_trader
{quote} penny stocks work different then forex. you cant compare penny stocks and forex, maybe the smallest exotic pairs, but even this pairs are with much more volume. most often a penny stock trading room trick work this style: there is a teacher. he is buying the stocks first, then tell the followers what he bought, and they buy too. because of narrow volume in pennystocks the price will go high. the teacher will seel first, later the follower students. to promote this scam, you search from time to time a person, who you give your signals much...

I was referring to the technical pattern strategy.
  • #32
  • Jul 4, 2017 3:58am Jul 4, 2017 3:58am
I am new here so do not want to ruffle any feathers but why are we talking about selling systems and doing the work to learn this and make money that way?
  • #33
  • Jul 4, 2017 6:18am Jul 4, 2017 6:18am
Quoting Negan
I am new here so do not want to ruffle any feathers but why are we talking about selling systems and doing the work to learn this and make money that way?
Agreed. I don't believe in buying anything as far as trading is concerned, I've learned my trading the hard way! But what the guy says in the video about how he's made so much money is spot on. He refers to pattern trading that results in an almost certain win. What that is is a strategy where a certain chart pattern occurs which just about always results in a winning trade. He's only trading that strategy and he's making big bucks. That is the winning way, believe me! It might only occur a few times a week (depending on the time frame)

We're talking about getting rich trading forex on this thread, right? Well in order to do that you firstly need to trade a system that works. Time and time again. Then you can leverage up a bit once your account balance starts growing in situ
  • #34
  • Jul 4, 2017 8:05am Jul 4, 2017 8:05am
Quoting jmtini
{quote} Agreed. I don't believe in buying anything as far as trading is concerned, I've learned my trading the hard way! But what the guy says in the video about how he's made so much money is spot on. He refers to pattern trading that results in an almost certain win. What that is is a strategy where a certain chart pattern occurs which just about always results in a winning trade. He's only trading that strategy and he's making big bucks. That is the winning way, believe me! It might only occur a few times a week (depending on the time frame)...
and with your pattern what works near all time you need penny stocks, and you need some one manipulating the prices, like a couch telling all his followeres to buy /sell this and this pennystock. thats the pattern with certain win, but they dont will tell you in this videos!!! its pennystock market, different market , different behavior. you need to learn the market behavior before you start trading in this market. i see to much people without even knowing basic structure of market and trade long time.
  • #35
  • Jul 4, 2017 10:54am Jul 4, 2017 10:54am
Quoting dukas_trader
{quote} and with your pattern what works near all time you need penny stocks, and you need some one manipulating the prices, like a couch telling all his followeres to buy /sell this and this pennystock. thats the pattern with certain win, but they dont will tell you in this videos!!! its pennystock market, different market , different behavior. you need to learn the market behavior before you start trading in this market. i see to much people without even knowing basic structure of market and trade long time.
Look mate I am not pushing any signal service or advice line. But I tell you what. When you've made 900 grand trading forex or whatever you can come back and start rubbishing other people's ideas OK? Until then I suggest you keep quiet.

Certainly the guy has obviously hit on a winning formula and I think he should know just a little bit about trading, right? He is 100% correct about certain patterns or situations that occur in the market (forex market) sometimes on a daily basis. In fact I'm trading one right now and I'm +20 pips!

I'm not interesting in buying anything from anyone and no one is manipulating anything! Are you high on something? Probably the answer is yes
  • #36
  • Jul 4, 2017 11:05am Jul 4, 2017 11:05am
Quoting jmtini
{quote} Look mate I am not pushing any signal service or advice line. But I tell you what. When you've made 900 grand trading forex or whatever you can come back and start rubbishing other people's ideas OK? Until then I suggest you keep quiet. Certainly the guy has obviously hit on a winning formula and I think he should know just a little bit about trading, right? He is 100% correct about certain patterns or situations that occur in the market (forex market) sometimes on a daily basis. In fact I'm trading one right now and I'm +20 pips! I'm not...
grand are 100000? if yes, then you have many problems to argument, if i had only do this little level i had some problems, because i spend already many times this. but i am much older , so not possible to compare.

but you cant see that penny stocks trading is differnet to forex, so i cant help you. i do this as business for more then 20 years, i know what i speak about, but you dont have to believe me, thats your decision. reality often is easy, but not easy to accept.

and i dont rubbish any idea, he would tell you same if you speak to him and he will be honest! penny stocks and forex to compare is crazy. other market, other rules, and other cheats. in penny stocks you earn more with cheating then in any other market, and this is so since some decades.
  • #37
  • Jul 4, 2017 12:29pm Jul 4, 2017 12:29pm
The premise of that video is essentially finding and exploiting an "edge" as low hanging fruit.

Some of the few things I learned from Trader Dantes videos is the statistics of:

EU gaps fills
Occurrence of EU price revisiting sunday opening price during the week.
Price continuation after bearish/bullish daily candles.
Mean Reversion/Swing failure plays

Some have a higher percentage of repeating patterns, some not so much. The ones with the higher percentage are the low hanging fruit.

There's also some repeating patterns i personally follow on WTI and Ngas that have a fairly high success rate.

He talks about collecting those stats here starting at around 28m in:

https://youtu.be/azDga9p6QhU?t=1690
Trade with confidence, trade without fear.
  • #38
  • Last Post: Jul 7, 2017 1:03am Jul 7, 2017 1:03am
Learn about volume. Understand the buyers v selers process. Compound your wins. Simple.
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