Do You Know Any Millionaire or Multimillionaire Forex Traders?

Wonder does anyone consider long term trades I had selling american vs rubble and selling oil to hedge, from 68 cents or slightly higher, rubble pays 5.6% and oil doesn't charge so working pretty well. I am on the look out for another long term hold, its much less stressful to go long term, just takes a few months to set it up is all, you need alot of patience. Im watching au currently should return to its slow decline, but in a year or more it'll be ready for a buy and carry trade I reckon.

We have some on here that believe that FX is only traded for hedging:

'Barclay Currency Traders Index
An equal weighted composite of managed programs that trade currency futures and/or cash forwards in the inter bank market. In 2015 there are 82 currency programs included in the index.'
http://www.barclayhedge.com/research.../sub/curr.html


Wall Street Journal:
Hedge Funds Focused on Currencies Get Big Payoff
January Was Big Winner for Firms, Especially Those Driven by Algorithms
By
CAROLYN CUI And IRA IOSEBASHVILI
Feb. 11, 2015 6:52 p.m. ET
http://www.wsj.com/articles/hedge-fu...off-1423698745


HFRX Macro: Currency Index
https://www.hedgefundresearch.com/hf...?fuse=login&hi

There's a reason I use futures.
Retail fx is a very rigged game. Not saying I don't trade retail but I do it from the rigged side.

I know of a 19 year old boy in Singapore, who has manages an account over $10 million.

The reason I started my Forex path is because of Jabulani Ngcobo from South Africa, he is a Millionaire forex trader, made from Forex, he hashtags #lifeofatrader on instagram and his account on instagram is @cashflowngcobo, check him out

Interesting thread and a valid question for many
(Have read 1st page only..)

FWIW
I know of 3 , in all these years (fakers are many for sure)
and i mean private equity traders..not some institutional jobbers.. and all managing > a million..(1 was close to a million when i came to know abt him ..and he has grown))
and no haven't audited their bank/trading accounts..but from experience and first hand info ..know that they are .

Hope this helps

I know this 27 year old from my country south Africa worth over 100Million dollas from trading hes name is "syanda blose" last year he made 17million pounds in forex

Yes, two. Both are private people, not publicly boasting.

There is almost no chance that they do exist.
Where / what is the evidence ?

hi ferrufx,
i want to know about HAFIZZ RUSLI trading system, IF ANY ONE know please share to all, thanks

George Soros?

is a million even a lot?

Hi all
I did forex contests.
Out of 500 people, no one showed a profit within 2 months.
I have been playing forex for 12 years. The maximum is really ~ 20-30% per year. If you bet higher, you always lose. Now I'm playing futures on the index. Because on futures the commission (spread) is lower than in forex 10 times.
I know a lot of people who lost everything in forex. And also many people who won on stocks and indexes.
I do not know millionaires. Maximum I know who is on the shares with a deposit of $ 100,000.

Forex is one of the most reliable virtual money making platforms in the present time. And it is offering good opportunities to earn profit with the use of any desired amount. But if you are talking about becoming millionaire from the forex trading, you should know the fact that becoming triumphant or a simply millionaire can’t be possible within few years. It will require good deal of patience, perseverance and hard work to be victorious here.

I'm sure there are highly successful traders in this game. However as mentioned they probably don't post on forums. That's not to say there isn't some who do, but I would imagine the ones who have sort of "Figured out" the game, don't post. And they probably move towards other forms of trading like commodities or futures.

many traders (forex, stock whatever) don't give value to risk hence they tend to lose more than what they can afford to lose.

trading should be considered as an investment and investemnts are always very risky. if you you have some sleeping money and you like it then you can give it a try.. but don't ever think about trading for a living... that's a terrible idea, IMO.


Personally I like to diversify my investment! eg. I bought several zimbabwean dollars and other "inflation related money" for $1-10 a couple years ago, now worth 3 times more

I also bought several old computers you would be impressed to see how many C64 I own...

diversify....diversify...diversify....

how to put the giggling smiley in a comment

Even if there is a 0.2% risk per trade, but the system is unprofitable, then according to statistics the balance will go down

Need a system with statistical positive expectation. Because of the commission of the broker, she should give at least 2/3 of the winnings.

I normally wouldn’t post in a forum like this but for this one I would like to put this out there.

There are guys and gals all over this place that could be fat cats and yes even millionaires. The problem is that they come up with good systems but they don’t know how to walk away and close down the system when they should for the day.

Your first trade of the day for most seasoned traders is your best trade - you’re fresh, you’re hungry, you’re alert. When you hit that 1-3%, that should be your cutoff and walk away for 24 hours.

Now comes the despair, the mindset what else can I do today, we’ll im sitting here at home or on my mobile and nothing to do, so let’s see if by chance there is another trade out there possible. Herein lies the fall. You go in and think you can do it and only stay in for a moment and then that moment leads to hours until finally bedtime and you are tired and scared to leave it alone and sell - losing not only the profit you had but even more.....

if the individual would just do one trade for the day and stop (Now that should be a forum) I guarantee you there would be less loses and more success stories.

i wish you all the best!
Happy Trading!
Livetotrade!