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Compounding forex billionaires on forums

  • #1
  • First Post: Edited Aug 24, 2018 12:54am Aug 20, 2018 9:08pm | Edited Aug 24, 2018 12:54am
Any successful trader can become a billionaire by making 30 pips a week , within a few years.Where are all the billionaires on this site? Who is a forex billionaire?


It is possible to make 30 pips a day on average , 7500 pips a year is not difficult at all. Trading forex alone can make 20,000 pips a year on average.Dow and Dax are much more volatile, these can make another 20,000 points a year.




https://www.forexfactory.com/showthread.php?p=11358176#post11358176

Why does Van Tharp sell education and not trade for a living?

Van Tharp "Most people are not successful when it comes to trading. Why?"

I can answer that question on a number of levels. At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions.

In other words " 99 % of humans will under perform or fail or lose money".

https://www.forexfactory.com/showthread.php?t=809399

Compounding billionaires is thread designed to catch all the fake traders and gurus on forums.
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  • #2
  • Aug 24, 2018 12:45am Aug 24, 2018 12:45am
Compounding your way to a million.

It doesn’t sound difficult does it? Of course some days may be better than others but for the purposes of our experiment we are assuming an average of 1% per day increase in capital.After day 232 you would already have made £100,000 (one hundred thousand), and by day 695 you would have your million.

Day Trading for $13,436 in one hour! - Meir Barak.HE MUST BE A BILLIONAIRE BY NOW.

https://www.youtube.com/watch?v=vYQ5-YQxWyw

https://www.youtube.com/watch?v=4hz31AUIiwA
  • #3
  • Aug 24, 2018 1:53am Aug 24, 2018 1:53am
Because nobody trades that way.

It's like, why wouldn't a 9-5 person be a millionaire. Money doesn't just magically compound.
I don't trade 1,000 then make 10,000 and then trade 10,000 off the bat like that.
I'll make 10,000 cool. I'll trade for another 1,000, the way I trade. It's like going to a doctor, roughly making about 1,000 or so a day. I don't see him the next day not being a doctor. There's a consistent way of doing things, via managing expenses and yourself. I don't think I've met many people who trade a winnings of 100,000 to compound it the next day. That's insane. But say each man was just borderline financially suicidal.

With 1,000 bucks, in about 11 roulette wheels, you're a millionaire. Say you get to spin 10, are you really wanting to risk all that work and time for the chance to make the million mark? You can argue, well if you had a proven system why not risk all your money at once. AND it's a valid point philosophically. But let's consider survival very important.
Like lifting you can keep enhancing your muscles by going higher and higher. But there's sort of a limit in everyone's mind about what's worth it and what your joints can physically handle. But if you're strong enough of a man to handle money in that manner, I don't see why it's not possible to compound.
You can't really expose someone making 6,000 dollars a day. Because it's not like they're using 6,000 the very next day to make 12,000. They'll just make another 6,000 with what they're used to. Pay off their losses, and their personal expenses. And I mean at least they have the safety of "I won't be homeless tomorrow morning with such a radical idea."
  • #4
  • Aug 24, 2018 2:28am Aug 24, 2018 2:28am
Quoting Swisse
And I mean at least they have the safety of "I won't be homeless tomorrow morning with such a radical idea."

All you are agreeing to is , humans trade loss aversion , avoiding trades to avoid losses.Am I correct?

People can't compound profits, they would rather hang on to gains and avoid losses.Why do I want to be upset at losses tomorrow ,after a winning streak?

https://www.psychologytoday.com/gb/blog/science-choice/201803/what-is-loss-aversion
  • #5
  • Aug 24, 2018 3:25pm Aug 24, 2018 3:25pm
I totally agree with you, for me the traders are not successful just for a psychological factor, because they want a lot of money but at the same time a low risk. One complicates life with many things, in my opinion.
With a capital of 5,000 and a simple strategy, 5% of the capital at each trade with compound, I made 1100, more than 20% of the account, and I have 5 trades in profit and 4 in loss, 56% of success.
  • #6
  • Aug 24, 2018 6:02pm Aug 24, 2018 6:02pm
Quoting Rdr
I totally agree with you, for me the traders are not successful just for a psychological factor, because they want a lot of money but at the same time a low risk. One complicates life with many things, in my opinion. With a capital of 5,000 and a simple strategy, 5% of the capital at each trade with compound, I made 1100, more than 20% of the account, and I have 5 trades in profit and 4 in loss, 56% of success.
I will soon explain to you why the 2 % rule is useless and ESMA had to bring in rules to protect traders from their psychological demon inside heir mind.

Greed and fear kill most traders , this is like sex .When you see a position worth hitting, traders will lose controls.It is like having a beaver trap in front of you , and my god that beaver can make you feel great.

So go for it and sadly the beaver in the market is your own worst enemy. our brains can't handle losing and losses.
https://www.forexfactory.com/showthread.php?t=809399

https://youtu.be/OV8OZgN8nVg
  • #7
  • Aug 24, 2018 7:18pm Aug 24, 2018 7:18pm
Quoting loozers
{quote} All you are agreeing to is , humans trade loss aversion , avoiding trades to avoid losses.Am I correct? People can't compound profits, they would rather hang on to gains and avoid losses.Why do I want to be upset at losses tomorrow ,after a winning streak? https://www.psychologytoday.com/gb/blog/science-choice/201803/what-is-loss-aversion
trading is not about psychology its about the mm its about show me the money every year or month or so, trading is a pure math but im not sure that the perfect algo exist, anyway i say that too much and ofc i cant beat the ones who teach darwin theory in schools while not teaching them my theory u get it if its just a theory why not my theory too

anyway
listen noobs and think if guys like those ones loozers talking about make big profits in just an hour how about if they have a team and trade all the day all the weeks ?? i think they will rule this world financially, and before that they will crush the whole markets!! thats why u should never believe those guys, and maybe they are just an ad to give u hope to gamble more and lose more and more
  • #8
  • Aug 24, 2018 7:31pm Aug 24, 2018 7:31pm
Quoting loozers
{quote} I will soon explain to you why the 2 % rule is useless and ESMA had to bring in rules to protect traders from their psychological demon inside heir mind. Greed and fear kill most traders , this is like sex .When you see a position worth hitting, traders will lose controls.It is like having a beaver trap in front of you , and my god that beaver can make you feel great. So go for it and sadly the beaver in the market is your own worst enemy. our brains can't handle losing and losses. https://www.forexfactory.com/showthread.php?t=809399...
so if i am greedy i'll let a trade in loss for months floating to the mc
if i am afraid losing ill cut the loss too soon and lose slowly to the quitting

the conclusion is: to make it work i should take off greed and fear from my head and moderate my trades right ?
hhhh well that will give me a 50% win rate that will make me stuck with my balance for months and years, but ofc the brokers will make profit always from me

its not about psychology
  • #9
  • Edited Aug 25, 2018 12:12am Aug 24, 2018 11:58pm | Edited Aug 25, 2018 12:12am
Quoting llxx77dd
{quote} so if i am greedy i'll let a trade in loss for months floating to the mc if i am afraid losing ill cut the loss too soon and lose slowly to the quitting the conclusion is: to make it work i should take off greed and fear from my head and moderate my trades right ? hhhh well that will give me a 50% win rate that will make me stuck with my balance for months and years, but ofc the brokers will make profit always from me its not about psychology

It is all about psychology, you are born with a primitive ancestral brain , that automatically behaves irrationally in the markets. It plays a game of greed and fear without you knowing.You can't change that.

https://www.youtube.com/watch?v=tw_hdBvRRd8

https://www.youtube.com/watch?v=dDyFoAEYTmk
  • #10
  • Aug 25, 2018 1:01am Aug 25, 2018 1:01am
market is like a very complex equation in math but we're only know "PLUS, MINUS, MULTIPLICATION and DIVISION" yet want to solve it. When we failed to solve it, then we blame to psychology , this is stupid weak mentality where we PUSH all the mistake and blame to SOMETHING so we can feel better .

Have you deep think how's the market works ?
Have you all tried all the methods available ?
Have you tried your best ?

"You know what you know" and when you failed, don't point it to psychology problem. Do you ever explore the area "you know you don't know" or even the some area that you can't possible think about it "don't know you don't know" . Do you think the professional trader that earning few millions or billions bother to sell you a method/program with few hundred or thousand to help you. Let's imagine you're earning that much amount of money, would you do the same ? well, some of you might answer YES but the quality or knowledge of the method/program is limited.

This market is very BRUTAL, it's impossible for everyone to make money. It's inherently designed for 5-10% winner and 90-95% loser , so to become the winner you have to know to do something out of the box. In trading, the most important is WHY and not HOW . I don't care HOW a system/method works but do you ever question WHY the system/method works? If you can answer this question, you're heading in the right direction. Example, most of the trading system/method have 60% or 70% win rate and most of you would be very comfortable but do you ever question WHY the rest of 30%-40% is not working. If you don't even know what's the reason you failed, how's you going to be successful.
  • #11
  • Aug 25, 2018 7:38am Aug 25, 2018 7:38am
Quoting comeinvest
This market is very BRUTAL, it's impossible for everyone to make money. It's inherently designed for 5-10% winner and 90-95% loser , so to become the winner you have to know to do something out of the box.
So everything on forums " is in the box " , because everyone has it. With this 60 % to 70 % , most would be billionaires , forex tulip mania been going on for 20 years, where/who are the retail forex billionaires on forbes list?


https://www.forbes.com/profile/george-soros/#5918d1c42024
  • #12
  • Aug 25, 2018 11:43am Aug 25, 2018 11:43am
Quoting loozers
{quote} So everything on forums " is in the box " , because everyone has it. With this 60 % to 70 % , most would be billionaires , forex tulip mania been going on for 20 years, where/who are the retail forex billionaires on forbes list? https://www.forbes.com/profile/george-soros/#5918d1c42024
I just quote that as example , you know what's is EXAMPLE, do i need to explain in details what's the MEANING ??
You think the system/method in this forum can hit 60% and 70% ? I guess you need to wake up
You don't even understand the underlying message and your nick already told me a lot of information i need to know.
You can't even come out with a positive nickname and you will stick with the nickname forever in your life because that's how you define yourself - Tony Robbins
Goodluck
  • #13
  • Aug 25, 2018 12:23pm Aug 25, 2018 12:23pm
There seems to often be an assumption that successful traders aim to make fortunes, for some this may be true, but I think that a large number of people got into trading so they don't have to work.

Personally, in the first instance I that is my aim, to earn enough to not to have to work for a living, then to make enough capital to buy a decent property of my own, nothing massive, just a nice place in a nice spot.

Then maybe why even bother trading? teach someone to do it for you.

But yes, so called guru's are absolute tosh, as I progress, I simplify my trading, my profits and consistency improves, and the more I see through all that rubbish.
  • #14
  • Aug 25, 2018 12:30pm Aug 25, 2018 12:30pm
Quoting comeinvest
{quote}You think the system/method in this forum can hit 60% and 70% ?
A load systems/methods can hit 50 % plus in back testing and forward testing, but there is a profit gap .The profit gap is the difference between expected profits and actual pips, most traders will under perform.It is unlikely any will hit 60% plus in retail forex, unless they trade interest rates expectations on fundamentals.

Mark Douglas explains

https://www.youtube.com/watch?v=GhKJ9P3agRc
  • #15
  • Aug 25, 2018 12:32pm Aug 25, 2018 12:32pm
Quoting Bushy
teach someone to do it for you. But yes, so called guru's are absolute tosh, as I progress, I simplify my trading, my profits and consistency improves, and the more I see through all that rubbish.

Everything can be automated , the best route is to trade automatically.
  • #16
  • Aug 25, 2018 12:58pm Aug 25, 2018 12:58pm
I'd just like to know which brokers would accept those "high lots/order sizes" when you start hitting hundreds of thousands...
  • #17
  • Aug 25, 2018 1:00pm Aug 25, 2018 1:00pm
Quoting loozers
{quote} Everything can be automated , the best route is to trade automatically.
And when everything is, work will become obsolete, now there's food for thought
  • #18
  • Aug 25, 2018 1:13pm Aug 25, 2018 1:13pm
Quoting Bushy
{quote} And when everything is, work will become obsolete, now there's food for thought
My system places average one manual trade a day , that takes 1 minute, the EA takes over trade management like exit,trailing break even etc.
On another 4 computers , I have fully automated 75 expert advisors, I just have to switch on 4 computers every day.

My EA has ATM cash withdrawal automated instructions sent to the broker automatically, if account is in profit.This avoids the profit gap, most traders will face. My profit for this month is 1500 pips with low risk.

I do recommend automation , because most manual traders will under perform, in relation to their expected profits. Automation eliminates profit gap.

ea for atm formula
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  • #19
  • Aug 25, 2018 4:44pm Aug 25, 2018 4:44pm
because you will also withdraw money along the way, second problem will be liquidity with brokers once you reach a certain level, getting filled orders.
  • #20
  • Aug 25, 2018 5:51pm Aug 25, 2018 5:51pm
Quoting venividivici
because you will also withdraw money along the way, second problem will be liquidity with brokers once you reach a certain level, getting filled orders.

plus bucket shops using the virtual dealer plug in from meta quotes , nobody will make billions or millions from bucket shops.


https://www.youtube.com/watch?v=_RSih-uqKU0
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