To be successful... cut out the noise | Page 14 | Forex Factory

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To be successful... cut out the noise

  • #261
  • Jun 8, 2020 2:18am Jun 8, 2020 2:18am
Quoting tiborf71
sooner or later the trader will be forced to use his own common sense in the trade. because many blindly follow others without evidence.
That's true! And those who blindly follow, do not go that far in this journey.
  • #262
  • Jun 8, 2020 11:12am Jun 8, 2020 11:12am
Better to form your own style than copying someone, even if it works initially, it will ultimately conflict with your psychology and personality.
  • #263
  • Jun 8, 2020 2:56pm Jun 8, 2020 2:56pm
Quoting tiborf71
{quote} I think many are just at the beginning of the road. but 200-300% is possible.
Investors are fine with ~30-40% yearly (but consistent).

For example, here in Darwinex some trader attracted 6.5 mil USD investment capital from 657 investors, trading 3 years so far:

Attached Image (click to enlarge)
Click to Enlarge Name: profits.png Size: 52 KB


And here 3.1 mil USD capital from 462 investors, trading 3.5 years so far:

Attached Image (click to enlarge)
Click to Enlarge Name: profits2.png Size: 58 KB


If you learn how to trade with consistent profits about 30-40%/year and drawdown no more than 20% then you can attract investors. You need about 1-2 years to prove your skills and acquire metrics for investors.

Then you can get ~15-20% from money you earn for your investors from their capital you manage. In the case of 6.5 mil if yearly profit is ~30% then you can get ~290000 usd yearly as commissions.
  • #264
  • Jun 9, 2020 12:37am Jun 9, 2020 12:37am
This post is off topic and you are promoting a broker.

KP

Quoting joyny
{quote} Investors are fine with ~30-40% yearly (but consistent). For example, here in Darwinex some trader attracted 6.5 mil USD investment capital from 657 investors, trading 3 years so far: {image} And here 3.1 mil USD capital from 462 investors, trading 3.5 years so far: {image} If you learn how to trade with consistent profits about 30-40%/year and drawdown no more than 20% then you can attract investors. You need about 1-2 years to prove your skills and acquire metrics for investors. Then you can get ~15-20% from money you earn for your investors...
Do your homework, follow the footprints of smart money
  • #265
  • Edited 1:01am Jun 10, 2020 12:25am | Edited 1:01am
Quoting KeenPips
This post is off topic and you are promoting a broker. KP {quote}
I gave a glue that there is no need to target 300% or even 100% yearly to be successfull. 30% to 40% yearly is fine too by using investors money. There were discussion regarding success and yearly % before post I quoted... And I gave 2 examples screenshots (and referenced website name but no dirrect links to avoid advertising) of that business model for 2 real traders and explained precise what earnings with that model is possible.

1. Traders can earn good money without big initial own capital.

2. No need to target big profits but consistency is the key.

3. There are real examples that business model is working

So my post is backed with real numbers and is exactly about the topic "to be successful...".
  • #266
  • Jun 29, 2020 4:28am Jun 29, 2020 4:28am
Consistently practicing is the only key to be successful
  • #267
  • Jul 15, 2020 10:34am Jul 15, 2020 10:34am
Hey guys, hope you are all well, I've not posted for a long long time. Mainly because I have not been very active. During the pandemic I took a bit of a loss with the oil crash, but nothing that my trading method couldn't handle easily. So this month seems to be back to the grind, took some good trades. I am currently in an open trade so I won't put my trade explorer live again. As soon as I close the trade I will put it visible for everyone to see.

I actually didn't even notice I took a trade 1009.9+ pips how interesting.

So far this month 6.6%+ & about 410+ pips

I've attached a screen shot here of my last couple of trades from my Forex Factory trade explorer. Hopefully I can catch up towards the later part of the year I will be happy with about 40% account growth.

How have all you guys been doing & trading during the pandemic.

Take care

J12
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-07-15 at 16.22.40.png Size: 75 KB
J12
  • #268
  • Jul 15, 2020 3:47pm Jul 15, 2020 3:47pm
It's amazing when you observe pair how often they just repeat the same s#it day in day out...
J12
  • #269
  • Last Post: Jul 17, 2020 5:55am Jul 17, 2020 5:55am
To cut out noise would mean, stop using so many indicators, stop listening to much to people who can't prove anything to you, stop looking at so much data, stop sending 20 hours a day in front of charts. Good points there, mate.
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