Who are the winners in forex? | Forex Factory

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Who are the winners in forex?

  • #1
  • First Post: Mar 22, 2018 12:03am Mar 22, 2018 12:03am
I have an important question and I need to get some answers from traders.
Do you ask yourself if you can win this game? If most of traders lose, who won ? and how you can win?
  • #2
  • Mar 22, 2018 2:54am Mar 22, 2018 2:54am
Inserted Video
  • #3
  • Mar 22, 2018 8:58am Mar 22, 2018 8:58am
That's almost correct but still there are about 3 to 5% who are winners all the time. It is clear that you joined long time ago about 8 years or more which means you got all the risks and troubles in this market. However, I did too, but I found some winners finally and like to share with others who are they?
  • #4
  • Mar 22, 2018 1:37pm Mar 22, 2018 1:37pm
Please continue @TheWealth
Price is a everything!
  • #5
  • Apr 7, 2018 5:13am Apr 7, 2018 5:13am
It is not that majority of traders are losers and we can’t use any statistical figure to show the percentage of losers since it ibis a global platform. Even no one knows the accurate number of traders here. However, those are who are able to hold patience, perseverance and hard work have greater chance to be winner. Along with endurance good trading skills and expertise are also required to be successful here.
  • #6
  • Apr 7, 2018 6:50am Apr 7, 2018 6:50am
The Winners in Forex

Market makers

Real professional traders

Trading gurus
who teach for a living

Your brokers

The 0.000000000000000001% of retail traders
who trade at 200++IQ trading intelligence level

Practically anyone...
who don't gamble
or dabble in high risk investments like Forex

Your wife,
your kids,
and probably your pet cats and dogs as well.
'For the market to work, it needs people who think that they can beat it.'
  • #7
  • Apr 7, 2018 7:33am Apr 7, 2018 7:33am
I
WaBaS Where are Buyers and Sellers
  • #8
  • Apr 7, 2018 8:39am Apr 7, 2018 8:39am
Quoting TheWealth
I have an important question and I need to get some answers from traders. Do you ask yourself if you can win this game? If most of traders lose, who won ? and how you can win?
To trade forex and not believe at some level you will succeed is insanity. It would be more logical to buy lottery tickets if you felt that way.

Hard work is the number one key to making it. Most people start trading Forex because they believe it is a fast way to make money. In reality it is no simpler or more difficult than any other type of trading. It takes time and effort to learn what to watch for and how to trade. You must learn for yourself what the market dynamics are and how they impact your trading style. Every minute you are awake you should be doing something that is centered around Forex. On the weekends I use the Strategy Tester in MT4 to go back over the previous weeks trades and figure out what went right and what went wrong. If I have a trade that goes against me, I want to know why. Was it something I did or was it just the market had other ideas about what direction to go? Either way it is a learning experience. It's always a learning experience.

Stop cruising the forums (sorry Forex Factory) looking for the miracle system that will make you wealthy overnight. It doesn't exist. Success or failure is a direct result of the trader and not the system. The "system" is like golf clubs, without a good golfer it doesn't matter how good the clubs are, you will suck at golf. There is a learning curve to anything you do in life. How fast you move through that curve is a direct result of your efforts. Half ass your learning and you will lose your ass in trading.
  • #9
  • Apr 8, 2018 7:00am Apr 8, 2018 7:00am
Quoting RondaRousey
{quote} forget who the winners are. Dude, your TE is showing 80% plus drop. You are right most traders lose. You have shown this Good thread and good lesson
Sorry dude,

I think you don't know the way I trade with. When you use the hedge and do not close the loss positions you got for sure drop. Anyway, I was losing in the past.
To know for anyone if he wins or loses look at the profit chart, if the profit going in positive direction within certain time this means the said trader make winnings and if at the end the profit goes less this indicate the opposite. In other way I never for example start with account more than 10K but you can see they are loss of 25k here.
I don't care about the -25K but the important thing here that my equity is increasing and I keep withdraw some amount from time to time. There is another way to know that, go to the trade report menu of any account, then go to funds paragraph then read and check the net transfer or the net deposit. If the current equity > net deposit that means this account has profit at the end and vice versa.
Last thing I want to tell that these charts sometimes are not accurate or reflect wrong data because the analysis time for any account changes from week to another and I don't know why!!

Cheers!
  • #10
  • Apr 8, 2018 7:56am Apr 8, 2018 7:56am
Quoting TheWealth
{quote} Sorry dude, I think you don't know the way I trade with. When you use the hedge and do not close the loss positions you got for sure drop. Anyway, I was losing in the past. To know for anyone if he wins or loses look at the profit chart, if the profit going in positive direction within certain time this means the said trader make winnings and if at the end the profit goes less this indicate the opposite. In other way I never for example start with account more than 10K but you can see they are loss of 25k here. I don't care about the -25K...
Having your -25k open loss in mind you need at least 25k profit to reach breakeven and beeing able to "withdraw" profits. But that did not happen until now based on your TE's. Do not take me wrong, I adore you for your risk taking, as people like you make it possible for others (like me) to profit.

But based on the gain of 20-30% per month of your grids you will very unlikely survive long enough to play out your strategy as the risk side will always follow up in a symmetrical way and hit harder in the end.

By reducing your greed and having the right trading strategies you would have a fair chance of making money as your bigger pockets give you an advantage already.
  • #11
  • Apr 8, 2018 8:15am Apr 8, 2018 8:15am
Quoting TheWealth
I have an important question and I need to get some answers from traders. Do you ask yourself if you can win this game? If most of traders lose, who won ? and how you can win?
95% from the winner are..
1) Broker - Owner
2) Broker - Regional Officer (RO)
3) Broker - Master Introducer Broker (MIB)
4) Broker - Introducer Broker (IB)
5) Broker - Local Depositor/Exchanger

Only 5% from the winner are Retail Trader
  • #12
  • Apr 8, 2018 8:17am Apr 8, 2018 8:17am
https://www.dukascopy.com/fxcomm/fx-...90&language=en
  • #13
  • Edited 4:41pm Apr 8, 2018 8:17am | Edited 4:41pm
Quoting Drolph
{quote} Having your -25k open loss in mind you need at least 25k profit to reach break-even and being able to "withdraw" profits. But that did not happen until now based on your TE's. Do not take me wrong, I adore you for your risk taking, as people like you make it possible for others (like me) to profit. But based on the gain of 20-30% per month of your grids you will very unlikely survive long enough to play out your strategy as the risk side will always follow up in a symmetrical way and hit harder in the end. By reducing your greed and having...
Bro,
I can withdraw any time. The right figure I can withdraw is only the equity minus the used margin and if I close all the positions I can withdraw the whole equity. This is my way in trading and I keep the old and negative positions opened because they can help me in my way of trading to know some figures, not because I am greedy or I wish to reach the break-even. No way for that and will never happen.
I still have 70% bonus in one account and that is th why in the secret account my real losses or profit is way lower or more than the chart shows because it counts all deposits as real funds and unfortunately this is a big mistake.
I think you may not understand what I am doing but just FYI I started trading in 2008 without stop until today. I don't care about understanding of others and I don't have buddies here if you can see that.
I just do the explorers to know where I am in trading.
Definitely, I am doing pretty well than any other year.
If this continued hopefully, I will post my stategy for everyone but the patience is very important.

  • #14
  • Apr 9, 2018 7:48am Apr 9, 2018 7:48am
Quoting TheWealth
I have an important question and I need to get some answers from traders. Do you ask yourself if you can win this game? If most of traders lose, who won ? and how you can win?
Hi I think I couldnt understand your question properly but i will still answer it in a way which i have interpreted,please correct me if i am wrong

You have asked

'If most of traders lose, who won ? and how you can win?'

These two questions are different i mean the answer to the first one is so obvious....from what i can understand

'who won' Those who can trade profitably has won.from those who have lost.

'how you can win'

By knowing more than others about the markets i.e by having significant edge over others.
No one ever Discovered anything new by colouring inside the lines.
  • #15
  • Last Post: Apr 9, 2018 9:42am Apr 9, 2018 9:42am
Usually the biggest winners in this industry are the brokers, not the traders.
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