Who is making a profit? | Forex Factory

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Who is making a profit?

  • #1
  • First Post: Edited Jul 15, 2007 1:14am Jul 14, 2007 1:23pm | Edited Jul 15, 2007 1:14am
Hello traders, I have been trading for almost a year and haven’t made a profit yet.
I would like to collect some information to build up some statistics to see how many are making it?
So please goto the link:


The link to the survey is:
http://www.zapsurvey.com/Survey.aspx?id=0c3fdd3c-7203-42df-a4c2-4816ce5dced8&cid=90bed59c-f355-49f7-a094-04cc3e82bc36
it may have toped working sorry

Thank you
  • #2
  • Jul 14, 2007 2:30pm Jul 14, 2007 2:30pm
thats easy... its about 2% of us

that would be if you are talking about consistent profit
  • #3
  • Jul 14, 2007 5:26pm Jul 14, 2007 5:26pm
The link is closed which is strange since you just posted it.

Forget the statistics on how people are trading, just find a good system to trade, that is what is going to make you the money.

Good Luck
  • #4
  • Jul 14, 2007 7:06pm Jul 14, 2007 7:06pm
Quoting bluewave
Hello traders, I have been trading for almost a year and haven’t made a profit yet.
I would like to collect some information to build up some statistics to see how many are making it?
So please goto the link:


The link to the survey is:
http://www.zapsurvey.com/Survey.aspx?id=0c3fdd3c-7203-42df-a4c2-4816ce5dced8&cid=90bed59c-f355-49f7-a094-04cc3e82bc36

Thank you
WHTenn is right, forget about the statistic. It doesn't help you much. Why ? Because it'll just make unprofitable traders feel good when they are not supposed to. It makes you give up too soon.
  • #5
  • Jul 14, 2007 8:59pm Jul 14, 2007 8:59pm
...and it wasn't on a system, survey or a nifty indicator.

I traded unprofitably for about a year, then the lights came on and it's been good ever since.

Find out what's missing inside of you and you will find the secret to your trading success.




.
  • #6
  • Jul 15, 2007 12:48am Jul 15, 2007 12:48am
Thanks for your answers, I will try a bit longer and see how it goes.
Maybe it is not for me the ForEx.

Thanks

Attached is the survey, for some reason it stopped working after 19 entries
Attached File(s)
File Type: pdf surveyId=12278.pdf   32 KB | 720 downloads
  • #7
  • Jul 15, 2007 1:04am Jul 15, 2007 1:04am
Quoting bluewave
Hello traders, I have been trading for almost a year and haven’t made a profit yet.
I would like to collect some information to build up some statistics to see how many are making it?
So please goto the link:


The link to the survey is:
http://www.zapsurvey.com/Survey.aspx?id=0c3fdd3c-7203-42df-a4c2-4816ce5dced8&cid=90bed59c-f355-49f7-a094-04cc3e82bc36

Thank you
Bluewave
I have 2 things I would like to say.
1)..... 95% of the people here are still looking and do not trade profitably.
Most of them will never support themselves through forex.
But ask yourself a question..... what on earth does this have to do with you?
This is no reflection on your own potential.
I believe that only those who want something worthwhile badly enough will succeed, and only you can know your level of desire. Example
I have a 16 year old son who has a black belt in Tae Kwan Do. He started when he was 8 years old.
For 8 years I watched people enter and leave the sport, some achieved a white belt some a yellow, some got to red, most went a month or 2 and quit.
We never knew what the stats were, and my son and I never cared.
I would guess only a few out of a 1000 actually walk out with a black belt.
My son was never intimidated by the number of people who gave up.
In his heart there was never any question regarding his own success.

2)...A year is nothing....
What profession which requires any degree of education could you learn and be making an income with in only a year.
As with many things in life, I think your frustration may be the result of unrealistic expectation.
Don`t stop.
I believe that with time, hard work and relentless determination ,the understanding will come.
It has for thousands of others worldwide.
  • #8
  • Jul 15, 2007 3:50am Jul 15, 2007 3:50am
Quoting randomlight
Bluewave
I have 2 things I would like to say.
1)..... 95% of the people here are still looking and do not trade profitably.
Most of them will never support themselves through forex.
But ask yourself a question..... what on earth does this have to do with you?
This is no reflection on your own potential.
I believe that only those who want something worthwhile badly enough will succeed, and only you can know your level of desire. Example
I have a 16 year old son who has a black belt in Tae Kwan Do. He started when he was 8 years old.
For 8 years I watched people enter and leave the sport, some achieved a white belt some a yellow, some got to red, most went a month or 2 and quit.
We never knew what the stats were, and my son and I never cared.
I would guess only a few out of a 1000 actually walk out with a black belt.
My son was never intimidated by the number of people who gave up.
In his heart there was never any question regarding his own success.

2)...A year is nothing....
What profession which requires any degree of education could you learn and be making an income with in only a year.
As with many things in life, I think your frustration may be the result of unrealistic expectation.
Don`t stop.
I believe that with time, hard work and relentless determination ,the understanding will come.
It has for thousands of others worldwide.
Wow, a great post! Inspiring!

And please give my best regards for your son for achieving such a great result It must feel great going your own path of life...
  • #9
  • Jul 15, 2007 5:12am Jul 15, 2007 5:12am
i read somewhere that the best ones, became profitable at 2years plus...i dont know what where they doing so long,...its a casino based game,...nomatter what evrybody says, its not gambling,...it is. period.
but probabilities are better then at casinos i guess. there u can choose only 49 vs 51, thats the best they can do. Is it Red or is it Black, but it happens the white evry now and then. Here u can choose 10 vs 90, or 30 vs 70, or 1 vs 99...etc., just trade small lots on bigger time frames on fundamentals and u will be just finde.
its just money
  • #10
  • Jul 15, 2007 5:19am Jul 15, 2007 5:19am
Quoting luqmanz
WHTenn is right, forget about the statistic. It doesn't help you much. Why ? Because it'll just make unprofitable traders feel good when they are not supposed to. It makes you give up too soon.

"it isn't trading everyday...it's about trading that ONE RIGHT DAY"

...I am trying that approach, trading on a (one) designated day, from designated day to designated day(fridays). So waiting a week between trading takes alot of discipline, and it has paid off. I am keeping the pips I make and not giving in to greed...
  • #11
  • Jul 15, 2007 5:33am Jul 15, 2007 5:33am
Quoting bluewave
Thanks for your answers, I will try a bit longer and see how it goes.
Maybe it is not for me the ForEx.

Thanks

Attached is the survey, for some reason it stopped working after 19 entries
I find it interesting that when I stopped focusing on making a profit and more on trading so I do not lose what I have earned, I then started to be profitable.

Huh?


.
  • #12
  • Jul 15, 2007 5:40am Jul 15, 2007 5:40am
Quoting randomlight
Bluewave
I have 2 things I would like to say.
1)..... 95% of the people here are still looking and do not trade profitably.
Most of them will never support themselves through forex.
But ask yourself a question..... what on earth does this have to do with you?
This is no reflection on your own potential.
I believe that only those who want something worthwhile badly enough will succeed, and only you can know your level of desire. Example
I have a 16 year old son who has a black belt in Tae Kwan Do. He started when he was 8 years old.
For 8 years I watched people enter and leave the sport, some achieved a white belt some a yellow, some got to red, most went a month or 2 and quit.
We never knew what the stats were, and my son and I never cared.
I would guess only a few out of a 1000 actually walk out with a black belt.
My son was never intimidated by the number of people who gave up.
In his heart there was never any question regarding his own success.

2)...A year is nothing....
What profession which requires any degree of education could you learn and be making an income with in only a year.
As with many things in life, I think your frustration may be the result of unrealistic expectation.
Don`t stop.
I believe that with time, hard work and relentless determination ,the understanding will come.
It has for thousands of others worldwide.
A year is nothing, trust me.
My simple way out the hole I was digging was to understand how to trade with the trend and change my core focus to daily charts.
Most posts I read where someone has had the lights turned on for them nearly always say the same thing as that.
Switch to a micro account, if you're live, trade small lots (I went back to single lots while getting my head sorted) whilst learning to cope with the longer term charts, and the larger stops required for this style.
Alternatively, go back to demo trading for a while, to practice the above and you won't believe how your views will change.
Keep trucking, there's light at the end of the tunnel
  • #13
  • Last Post: Jul 15, 2007 6:16am Jul 15, 2007 6:16am
Quoting randomlight
I believe that only those who want something worthwhile badly enough will succeed, and only you can know your level of desire.
Great Post...I've been trading for 2 1/2 years and only know start to see the light.

My key was to trade Longer Timeframes with less indicators and spend less time in front of the PC. Not to say that this works for everybody, but as previously said

Quoting randomlight
....A year is nothing....
What profession which requires any degree of education could you learn and be making an income with in only a year.
As with many things in life, I think your frustration may be the result of unrealistic expectation.
Don`t stop.
I believe that with time, hard work and relentless determination ,the understanding will come.
It has for thousands of others worldwide.
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