(binned per thread starter's request) Profit in Forex is IMPOSSIB | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Personal Take Profit and Stoploss (per human, not per trade) 0 replies

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

Attachments: (binned per thread starter's request) Profit in Forex is IMPOSSIB
Exit Attachments

(binned per thread starter's request) Profit in Forex is IMPOSSIB

  • #101
  • Jan 10, 2019 6:00am Jan 10, 2019 6:00am
Quoting broketrader
{quote} Man, you don't want to sound like a dick but finally you can't avoid it. First, you respond to me and the explorer I posted was not mine ! Second, the original question of this thread was to show a real account profitable after 3 years. And third, 100% in 4 years is 25% per year return and I can tell you that there are funds and institutions that would kill for that return. Finally you not only misunderstand what you read, you seem not knowing what you're talking about.
lets just add this for the full picture, so, every dick and harry ( and it isnt referring to you! but others) can have a better understanding of why TE has limitation of measuring % gains, if withdrawals are also made.
something i believe a few times had been addressed on this forum.
that said,
100% gains in 4 years is more than decent.
add to that, showing one account doesnt mean one is showing all accounts.
but here is a better measurement of his account.
987% gain over 4 year, is that looking sweet enough?

Attached Image (click to enlarge)
Click to Enlarge Name: DAL.png Size: 79 KB
there is always, always another trade!!
  • #104
  • Jan 10, 2019 7:53am Jan 10, 2019 7:53am
This is not a trading question, comment, or suggestion but is joseph wearing eye shadow?
  • #106
  • Jan 10, 2019 8:57am Jan 10, 2019 8:57am
Quoting broketrader
{quote} Man, you don't want to sound like a dick but finally you can't avoid it. First, you respond to me and the explorer I posted was not mine ! Second, the original question of this thread was to show a real account profitable after 3 years. And third, 100% in 4 years is 25% per year return and I can tell you that there are funds and institutions that would kill for that return. Finally you not only misunderstand what you read, you seem not knowing what you're talking about.
Before going for the condescending reply make sure you get your math right, otherwise you may look like a buffoon which would be counter productive.
100% in 4 year IS NOT 25% a year, assuming that his gains are consistent that would be 18,92% per annum.
Which is still good and would be a viable option if he had an account of at least half a million dollar.
However average account size of a retail forex trader is $6600 ( https://financefeeds.com/average-retail-fx-account-size-vs-average-cost-acquisition-sustainable-status-quo/ ) a 18,92% profit would be $1248,72... a year, now unless you live in a mud hut somewhere in a remote forest where you don't really use money for your daily life thats probably not enough.

My comment is still valid, flipping burgers is a much more profitable way of spending your time considering that they make on average $20k and don't have to worry about losing their investment.

I don't deny okanemochi's achievement is impressive, but somehow i doubt that he can live from it.

I'm not here to attack people, just giving objective arguments, if you can't handle that feel free not to reply, i have better thing to do then dealing with non sens.

Thank you.
i lose money for a living
  • #107
  • Jan 10, 2019 9:08am Jan 10, 2019 9:08am
Quoting tylerbose
{quote} Before going for the condescending reply make sure you get your math right, otherwise you may look like a buffoon which would be counter productive. 100% in 4 year IS NOT 25% a year, assuming that his gains are consistent that would be 18,92% per annum. Which is still good and would be a viable option if he had an account of at least half a million dollar. However average account size of a retail forex trader is $6600 ( https://financefeeds.com/average-retail-fx-account-size-vs-average-cost-acquisition-sustainable-status-quo/...
why even make this post about "it's not that much money". Do you understand the point of this thread? who cares how much money the guy brings. The challenge was A REAL ACCOUNT THAT IS 3 YEARS OLD
  • #108
  • Jan 10, 2019 9:16am Jan 10, 2019 9:16am
Quoting tylerbose
{quote} Before going for the condescending reply make sure you get your math right, otherwise you may look like a buffoon which would be counter productive. 100% in 4 year IS NOT 25% a year, assuming that his gains are consistent that would be 18,92% per annum. Which is still good and would be a viable option if he had an account of at least half a million dollar. However average account size of a retail forex trader is $6600 ( https://financefeeds.com/average-retail-fx-account-size-vs-average-cost-acquisition-sustainable-status-quo/...
Yeah, double digit precision calculation etc, Impressive, that's what was left to save your face.
For sure that I will not respond to you in the future, you've been promoted to my ignore list.
Simplicity is the Ultimate Sophistication.
  • #109
  • Jan 10, 2019 9:16am Jan 10, 2019 9:16am
Quoting hilmy83
{quote} why even make this post about "it's not that much money". Do you understand the point of this thread? who cares how much money the guy brings. The challenge was A REAL ACCOUNT THAT IS 3 YEARS OLD
If you read the comment i answered to you brainlet, you would've found that we're not arguing about OP's question.
My point is still valid, flipping burgers is still a better buck for your time.

Enjoy oblivion.
i lose money for a living
  • #110
  • Jan 10, 2019 9:17am Jan 10, 2019 9:17am
Quoting tylerbose
{quote} Before going for the condescending reply make sure you get your math right, otherwise you may look like a buffoon which would be counter productive. 100% in 4 year IS NOT 25% a year, assuming that his gains are consistent that would be 18,92% per annum. Which is still good and would be a viable option if he had an account of at least half a million dollar. However average account size of a retail forex trader is $6600 ( https://financefeeds.com/average-retail-fx-account-size-vs-average-cost-acquisition-sustainable-status-quo/...
this post was for your benefit, mainly:
https://www.forexfactory.com/showthread.php?p=11868533#post11868533

also, there is no doubt that small account size coupled with a good normal return still wont earn a living for anyone.
but that isnt forex's problem.
the fact that there is so many losers, and blown accounts, is big part that "traders" think they start out with 2-3-4 digit accounts, and get millionaires, preferable in couple weeks.
not really going to happen. maybe 1 in a million. but that is not that different than scratch cards or lottery.
so, part of not finding that many good long track record is due the laws of averages maybe?
if one FX account has 25k, and 4 FX accounts has 1k each....your 5 trades will have 6000$ each...in reality maybe 1 has some chance to make money ( but even him not high to earn a living from a single 25k acct), while 4 "traders" (80%) is being sold a dream, that they likely not stay in game long enough to ever see.

add to this, what 'hayseed' was also brought up, sometimes brokers change, go out of business, or new, better broker options come up, and a trader moves his business.
there is always, always another trade!!
  • #111
  • Jan 10, 2019 9:18am Jan 10, 2019 9:18am
Quoting broketrader
{quote} Yeah, double digit precision calculation etc, Impressive, that's what was left to save your face. For sure that I will not respond to you in the future, you've been promoted to my ignore list.
Sensible decision for someone who made a fool of himself.
i lose money for a living
  • #112
  • Jan 10, 2019 9:26am Jan 10, 2019 9:26am
Quoting profitfarmer
{quote} this post was for your benefit, mainly: https://www.forexfactory.com/showthread.php?p=11868533#post11868533 also, there is no doubt that small account size coupled with a good normal return still wont earn a living for anyone. but that isnt forex's problem. the fact that there is so many losers, and blown accounts, is big part that "traders" think they start out with 2-3-4 digit accounts, and get millionaires, preferable in couple weeks. not really going to happen. maybe 1 in a million. but that is not that different than scratch...
Thanks, and if you read the thread i also put a couple of really successful traders who did make a living out of it.
https://www.forexfactory.com/showthread.php?p=11864684#post11864684

Like i said these threads always end up in brawls for some reason, when this topic show up people lose the ability to be objective and just go for ad hominem attacks on whoever have a different opinion (which i don't even have lol) but if you go slightly against it you get attacked.

I wish everyone would stay on topic.
i lose money for a living
  • #113
  • Jan 10, 2019 9:26am Jan 10, 2019 9:26am
Quoting tylerbose
{quote} Don't want to sound like a dick or something but 100% after 50 months is a terrible investment. Just get a job flipping burgers because you're wasting your time.
ok let me comment on this post then

100% in little over 4 years is great return.

Why do you make this assumption that his effort is a waste of time?How do you know he doesn't have a job that brings in money and this is his bonus income.

Or maybe, he's putting his TE on public cause he has a trading business he's setting up. He's putting effort into his trading business to build a track record so he can trade other's money, which will pay in multiple folds in the future if he keeps the performance up.
  • #114
  • Jan 10, 2019 9:32am Jan 10, 2019 9:32am
Quoting tylerbose
{quote} Thanks, and if you read the thread i also put a couple of really successful traders who did make a living out of it. https://www.forexfactory.com/showthread.php?p=11864684#post11864684 Like i said these threads always end up in brawls for some reason, when this topic show up people lose the ability to be objective and just go for ad hominem attacks on whoever have a different opinion (which i don't even have lol) but if you go slightly against it you get attacked. I wish everyone would stay on topic.
the topic was:" I'm gonna ask you show me ONE SINGLE REAL ACCOUNT which has been profitable IN THE PAST THREE YEARS."

objective completed. multiple times.

https://www.forexfactory.com/showthread.php?p=11868533#post11868533
for example this said trader has his account verified by multiple sites. + trades at a reliable broker.

so, OP got his answer, but didnt like it.
maybe he should accept it as is, per original "challenge" or make a new challenge?
there is always, always another trade!!
  • #115
  • Jan 10, 2019 9:35am Jan 10, 2019 9:35am
Quoting tylerbose
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...
yea great way to respond to the thread's challenge.

posting stories and a link that doesn't work.
  • #116
  • Jan 10, 2019 9:41am Jan 10, 2019 9:41am
Quoting hilmy83
{quote} ok let me comment on this post then 100% in little over 4 years is great return. Why do you make this assumption that his effort is a waste of time?How do you know he doesn't have a job that brings in money and this is his bonus income. Or maybe, he's putting his TE on public cause he has a trading business he's setting up. He's putting effort into his trading business to build a track record so he can trade other's money, which will pay in multiple folds in the future if he keeps the performance up.
i know for fact that he trades prop money.
plus on signalstart.
probably other things too.
there is always, always another trade!!
  • #117
  • Jan 10, 2019 9:45am Jan 10, 2019 9:45am
Quoting profitfarmer
{quote} i know for fact that he trades prop money. plus on signalstart. probably other things too.
well there you go. so his effort is truly commendable, among the other examples we provided. but unfortunately, joseph is suspended! damn it

what rubbed me the wrong way is that someone posted a great TE, then the first response is..."waste of time.." then back paddling on another post to explain himself

We need to praise these efforts of postive return TEs over multiple years. over 90% of people can't do it. Not shit all over it like this guy did..
  • #118
  • Jan 10, 2019 11:38am Jan 10, 2019 11:38am
I know a guy, forex is his bread & butter.
  • #119
  • Jan 10, 2019 11:57am Jan 10, 2019 11:57am
Quoting loveandpeace
I know a guy, forex is his bread & butter.
I know a guy, forex is his Tom yum soup

Attached Image (click to enlarge)
Click to Enlarge Name: PhotoPictureResizer_190110_135616390-2277x3036.jpg Size: 978 KB
  • #120
  • Jan 10, 2019 3:12pm Jan 10, 2019 3:12pm
Quoting STrading
The funny thing here is that one guy is told to eat *hit, that hes a moron ,a loser and a nobody, and when he finally tells the guy to f**k off he gets suspended. Great job to whoever suspended him you should be proud.
Well he is a frustrated loser. You can go and *uck yourself too.
0 traders viewing now