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Forex Profit... Im sorry but... (10% per month?) 114 replies

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  • #61
  • Jan 9, 2019 10:50am Jan 9, 2019 10:50am
Quoting josephcom
Before you bombard me with criticism, I'm gonna ask you show me ONE SINGLE REAL ACCOUNT which has been profitable IN THE PAST THREE YEARS. Please don't make a mess saying stories/jokes/... You either show us a proof or don't say anything at all.
Soooo, we are supposed to show real broker statements to a handle on a website on the internet. Just because YOU have not made any money yet in FX. Do you realize that no one who thinks logically would even consider this?

Further, I would have to ask, yet again, why someone who doubts they can make money at this venture would even be here? That makes no sense either.

If you want someone to give you a strategy, ask nicely, and someone just might feel sorry for you.

Quoting VEEFX
{quote} Regardless of all the hate, I feel the OP is asking the RIGHT question that I wish more would start asking on forums here and elsewhere! You all are missing the exact nature of question being asked! He is not asking if anyone is profitable here (which I also believe no one on FF is profitable for more than 3 consecutive years "TRADING" Spot Forex unless proven otherwise) What the OP is asking is... ONE SINGLE REAL ACCOUNT which has been profitable IN THE PAST THREE YEARS. We all know performance across more than one real account or broker...
VEE, are you turning into Mingary? I know based on your posts that you absolutely have all the information you need on how to make money with FX. You have been here since the millipede days. You know better. Is the problem with application of this information perhaps?
If you are good at something, never do it for free--Joker
  • #62
  • Jan 9, 2019 10:57am Jan 9, 2019 10:57am
I can say its impossible till its really possible!

so, for now, you still in the first stage with other 90% losers!.. good luck ...
  • #63
  • Jan 9, 2019 11:12am Jan 9, 2019 11:12am
Quoting VEEFX
{quote} You are within your own right to share or not to share.... Let's see if we can get some ROI from this thread and turn things around... I only ask these questions to folks who claim their success in Spot FX and then come to my own conclusions: Do you solely trade SpotFX currency pairs? if yes, do you trade more than one currency pair? Is your style TA/FA/PA/?? Manual or algorithmic? If you are using technical price-based indicators, how many (just the count... and five SMA() counted as one) Do you trade more than one strategy in the same...
1. Yes, now I do. Used to trade options, but I got addicted to the liquidity of FX and stopped trading options.
2. No. Trading multiple pairs will get you into correlation problems quite quickly.
3. All three, they cannot be separated really, people using TA are really using PA simplified, because that is what indicators are. If you trade full time, you are also trading FA because price will reflect that.
4. Both, I use algorithmic trading that I trade manually. Too cheap to pay a programmer.
5. I use candles. Whether people know it or not, these are indicators.
6. Yes, I trade breakouts, failed breakouts, pull backs, and continuations.
7. No. I am way too lazy to be on tick chart, and they are usually invalidated by the spread.
8. Return over max DD. I don't waste time on that stat. I care about only one thing. Profit.
9. Maximum number of winning open positions is infinite. Maximum number of losing positions is zero. I have no patience for poor performance. I cut losses as soon as they are found.

You are quite right about the trader versus the strategy. Most people cannot mentally handle losses. They need to be right. It is a self esteem thing.
If you are good at something, never do it for free--Joker
  • #64
  • Jan 9, 2019 11:56am Jan 9, 2019 11:56am
These kind of threads always end up in brawl.
But they do exist, from the top of my head there is a guy named Navinder Singh Sarao, made 50 million US in 5 years, that being said he was spoofing futures like no tomorrow which is illegal and is now facing lifetime jail, he could've gotten away, take his 50 millions and retire, with it but he wanted too much.
I know (not personally) couple other sock/Futures traders who made shit ton of money over the years.

If you're looking for retail FX traders the only guy i can think of at the moment is Jean christophe ninet, made a bit over 300k euro starting with couple hundred within a year. He put his track record on a website but it is currently down at the the moment http://krechendo-live.com/track-record-jean-christophe-ninet/

He is a fundamental analyst and rarely uses TA.

None of them use the garbage you can find here or any retail trader forum, like rainbow colored indicators and casino like "system".
Their trades are based on real stuff not fluffy colored indicators
i lose money for a living
  • #65
  • Jan 9, 2019 12:03pm Jan 9, 2019 12:03pm
Quoting Techanalyst
{quote} No one needs to provide evidence to this loser that created this useless thread. Like I said, it is like asking someone let me see how much you have in your bank account. Stupid question. Read my previous post, he is a frustrated loser at trading who will never be a full time trader. He hates his day job and can't do anything about it. Like I said many times, I am doing forex full time and have been for years, profitable this is my full time job. No I will not show any statements to anyone, especially to this loser that created this thread....
You don't have anything to prove to anybody but then you have a TE of a live account for Public view?

If what's on your TE is your golden egg, I'm not impressed and also, what's with the shifty broker?
  • #67
  • Jan 9, 2019 1:10pm Jan 9, 2019 1:10pm
Quoting Techanalyst
{quote} It's one of my accounts ,demo trader. I dont give a *hit if you're impressed or not. Im not here to impress you demo trader, or anyone else. I have a live account on TE here because i feel like having it. One of my live accounts. What's your point demo trader?
Yeah, you have the money but you clearly don't have the strategy. My strategy smokes yours but, I don't have the money lol. I'd rather be me than you. Just another noob
  • #69
  • Jan 9, 2019 1:14pm Jan 9, 2019 1:14pm
Quoting Techanalyst
{quote} You have two demo accounts on your profile. If you're a live account trader, you don't need to trade demo. You are a demo trader. I don't have time to discuss with demo traders like you and Josephcom. Have a good one.
Demo accounts are for playing around, testing. You wished you were testing something like this...
  • #71
  • Jan 9, 2019 1:20pm Jan 9, 2019 1:20pm
While I am not criticizing any individuals here, I have noticed that using noob and demo as a pejorative is counter productive.

I wish I had been smart enough back in the day to demo trade. And no matter who you are, everyone starts out as a n00b.

For me, I will always be a newbie. I have no choice. The markets and the industry are ever changing, therefore, I have to wake up each day knowing nothing. Each day, I wake up a nOOb. I am actually proud of that fact. I don't demo trade because my broker allows me to trade microscopic position sizes if I am testing an idea.
If you are good at something, never do it for free--Joker
  • #72
  • Jan 9, 2019 1:28pm Jan 9, 2019 1:28pm
Quoting jmn5611
While I am not criticizing any individuals here, I have noticed that using noob and demo as a pejorative is counter productive. I wish I had been smart enough back in the day to demo trade. And no matter who you are, everyone starts out as a n00b. For me, I will always be a newbie. I have no choice. The markets and the industry are ever changing, therefore, I have to wake up each day knowing nothing. Each day, I wake up a nOOb. I am actually proud of that fact. I don't demo trade because my broker allows me to trade microscopic position sizes if...
I agree with you. I just felt like being a douche for a little while lol but, the fun is not long-lasting. It's a waste of time really...

As a side note, I've recently began experimenting placing trades as a function of time and the results have been especially good on GBPCAD. I have never really taken time into account.
  • #74
  • Jan 9, 2019 5:39pm Jan 9, 2019 5:39pm
Quoting josephcom
Before you bombard me with criticism, I'm gonna ask you show me ONE SINGLE REAL ACCOUNT which has been profitable IN THE PAST THREE YEARS. Please don't make a mess saying stories/jokes/... You either show us a proof or don't say anything at all.
Forex trading is not a competition. Why challenge you.Nonsense. Simple question for you: Why are you here on FF? You expect all traders to have their live account on TE.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #75
  • Jan 9, 2019 6:29pm Jan 9, 2019 6:29pm
Quoting 9jatrader
{quote} Forex trading is not a competition. Why challenge you.Nonsense. Simple question for you: Why are you here on FF? You expect all traders to have their live account on TE.
Thats great and all but forex isn't philosophical journey where you get no material gain, nobody said it was a competition but the whole point of it is to make money and live more comfortably.
Unless you enjoy wasting your time and money in which case you're a crazy person.
i lose money for a living
  • #77
  • Jan 9, 2019 10:33pm Jan 9, 2019 10:33pm
Quoting havo
{quote} Ok now im curious... Lets say that someone shows you that 3 year minimun profitable account; hell he even invite you to his home and let you sit on his computer so you can check it out for yourself, no tricks or cheats Now my question: What are you looking for exactly?? What are you going to do if someone like that shows and prove what you want ?!?!?!
I'm surprised! Why wouldn't you? Do you like struggling for a year or two without knowing if there's anything to call "outcome"?

It's a very obvious thing to demand.
If you can't measure it, you can't improve it!
  • #79
  • Jan 9, 2019 11:42pm Jan 9, 2019 11:42pm
Quoting VEEFX
{quote} Dont know who mingary is or what's his deal but every word I have written against trading spot fx is based on my own research and common-sense observation in this industry. And I have written hundreds of posts around every bit of my finding so no point in repeating it everywhere I go. How I define and view my own standard of profitability and success in trading is also discussed to death in many threads. As I have repeatedly said, I have an edge in discovering flaws and inconsistencies around me in just about anything and everything. That...
You just did not understand trading. It is not for you plain and simple. Go find another career that you are comfortable with and do that. Don't struggle with trading as it is not for everyone.
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