Are you looking for motivation/inspiration? | Forex Factory

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Are you looking for motivation/inspiration?

  • #1
  • First Post: Edited 4:08pm Dec 4, 2022 11:45am | Edited 4:08pm
From time to time I’m going to post something that really hits home and inspires me.

You have something that inspires you? Post it here if you like. But only about trading of course.

came across the following today. And felt is was extremely sobering, yet inspirational, and eye opening.

The link to the whole read if you are interested and screenshot of the summary. It is stats on thousands of traders in MFF evaluations. I’m not promoting anything here, but felt the stats were inspiring.

I ran it by my friend and asked him what determination does it give him. He answered with exact same affect it had on me. I will share that later… how does it affect you? Share if you like…

Oh and by the way only positive posts will be accepted…

https://myforexfunds.com/myforexfunds-stats-are-back/
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  • #2
  • Dec 4, 2022 11:53pm Dec 4, 2022 11:53pm
Quoting benaiah
From time to time I’m going to post something that really hits home and inspires me. You have something that inspires you? Post it here if you like. But only about trading of course. came across the following today. And felt is was extremely sobering, yet inspirational, and eye opening. The link to the whole read if you are interested and screenshot of the summary. It is stats on thousands of traders in MFF evaluations. I’m not promoting anything here, but felt the stats were inspiring. I ran it by my friend and asked him what determination does...
The holding time of a trade is directly connected to the trading styles! Swing traders need to hold their trading positions for a while; so it’s not a bad option! On the other hand, scalpers need to close their trades within short period of time!
  • #3
  • Dec 5, 2022 1:06am Dec 5, 2022 1:06am
Quoting benaiah
From time to time I’m going to post something that really hits home and inspires me. You have something that inspires you? Post it here if you like. But only about trading of course. came across the following today. And felt is was extremely sobering, yet inspirational, and eye opening. The link to the whole read if you are interested and screenshot of the summary. It is stats on thousands of traders in MFF evaluations. I’m not promoting anything here, but felt the stats were inspiring. I ran it by my friend and asked him what determination does...
this motivates and inspires me to Control risk…
  • #4
  • Dec 5, 2022 1:56am Dec 5, 2022 1:56am
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  • #5
  • Dec 5, 2022 1:58am Dec 5, 2022 1:58am
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  • #6
  • Dec 5, 2022 2:03am Dec 5, 2022 2:03am
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  • #7
  • Dec 5, 2022 2:11am Dec 5, 2022 2:11am
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  • #8
  • Dec 5, 2022 2:14am Dec 5, 2022 2:14am
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  • #9
  • Dec 5, 2022 2:22am Dec 5, 2022 2:22am
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  • #10
  • Dec 5, 2022 2:24am Dec 5, 2022 2:24am
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  • #11
  • Dec 5, 2022 2:29am Dec 5, 2022 2:29am
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  • #12
  • Dec 5, 2022 2:31am Dec 5, 2022 2:31am
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  • #13
  • Dec 5, 2022 2:34am Dec 5, 2022 2:34am
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  • #14
  • Dec 5, 2022 2:46am Dec 5, 2022 2:46am
Most traders fail because they give up.

And they give up because they fail to control risk and can’t deal with the pain that it causes…

Never give up. Because you have not failed if you are still trying.
  • #15
  • Dec 15, 2022 3:57pm Dec 15, 2022 3:57pm
Quoting benaiah
From time to time I’m going to post something that really hits home and inspires me. You have something that inspires you? Post it here if you like. But only about trading of course. came across the following today. And felt is was extremely sobering, yet inspirational, and eye opening. The link to the whole read if you are interested and screenshot of the summary. It is stats on thousands of traders in MFF evaluations. I’m not promoting anything here, but felt the stats were inspiring. I ran it by my friend and asked him what determination does...
You scared me for a second there.

I read it different. This is 6 traders that lost their account in february after 8 payouts in a volatility bloodbath. It says nothing about how many traders having reached 8 payouts and are still in business. Or how many has reached 50 payouts. The article is from March 9, 2022.

MFF have paid out more than 6 mill $ in february. Largest payout were 53,000 $

MyForexFunds February Statistics Are Here! | My Forex Funds
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MetaTrader 4 - so many advantages.
  • #16
  • Last Post: Edited 6:24am Dec 16, 2022 5:47am | Edited 6:24am
Quoting RiskFighter
{quote} You scared me for a second there. I read it different. This is 6 traders that lost their account in february after 8 payouts in a volatility bloodbath. It says nothing about how many traders having reached 8 payouts and are still in business. Or how many has reached 50 payouts. The article is from March 9, 2022. MFF have paid out more than 6 mill $ in february. Largest payout were 53,000 $ MyForexFunds February Statistics Are Here! | My Forex Funds {image}
What exactly do you find scary?

But we are looking at 2 different sets of stats for different time periods. What I posted went into more detail (stats from Nov 2021)

I didn’t write the stats. I just copy/pasted from MFF website.

I can’t find the page atm, however it is well known enough that content creators featured it in their videos.

for example:
Inserted Video
if you want to go right to the stats that screenshot I posted shows it is at the 3 minute time in the video. Again I am not promoting the video or content creator. Just showing that the screenshot I posted was valid and from MFF.

this particular video calls the stats depressing, but I don’t take it that way. The stats are motivating and inspirational for me to control risk.

edit: The interesting thing is that it appears MFF removed the content that I posted from their website. Seems that more people may have been negatively affected by it than not. To me it is obvious why so many are failing, it is simple lack of risk control. So how to succeed? Follow the risk control principles of those who are successful…

and at the 4:09 mark:
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