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how does this trader make money?

  • #41
  • Apr 2, 2007 7:50pm Apr 2, 2007 7:50pm
Quoting FxBabe
I know this guy whose in his early twenties who started trading forex little over 2 years ago and now has his own company, drives a ferrari and has a £800k house.

How does he do it?
so if you know him...what's the point of the question?!?!

oh my God!
  • #42
  • Apr 2, 2007 7:55pm Apr 2, 2007 7:55pm
The point is to get somebody to dish out a decent swing trading system I guess. And to be honest, Im looking for one too.
  • #43
  • Apr 2, 2007 8:05pm Apr 2, 2007 8:05pm
Quoting hilmy83
so if you know him...what's the point of the question?!?!

oh my God!
Finally somebody with some common sense!!
  • #44
  • Apr 2, 2007 9:24pm Apr 2, 2007 9:24pm
Quoting hilmy83
so if you know him...what's the point of the question?!?!

oh my God!
Facetiously I would say do Exactly what he is doing, including passing on your wisdom for a price.
  • #45
  • Apr 3, 2007 4:44pm Apr 3, 2007 4:44pm
Quoting rallyeman
Perhaps he made money from selling his trading system as well as trading!

I personally know someone who has done this, he made a great deal of money selling a complete training course, whilst trading for himself also. BTW he has only been trading 2 years, and could be considered very wealthy!

there is no secret - all of the above mentioned facts - a system with an edge, leverage, compounding, full time trading and trading a range of markets will all allow you to achieve what you are asking, sometihng else that is very important is adequate capitalisation. You are never (shouldn't say never as in theory it is possible, however also unlikely) going to make $1000000 starting with $1000, it is easier to make $1000000 if you start with $1000000 (ok maybe $100000). When I say easier, I don't mean easy, you still have to fill all of the above criteria and be a good trader to boot.

Good luck.
You can, however move on quite a bit, when in market situations with very very high probability set ups, you risk like 20% instead of 2% of your account. Then you can see your account almost literally explode. Like with every 50 pips the market moves in your direction, your micro-account goes up another 100%.
  • #46
  • Apr 3, 2007 5:56pm Apr 3, 2007 5:56pm
The sword cuts both ways. But most only want to believe in the profit side.
  • #47
  • Apr 4, 2007 5:06pm Apr 4, 2007 5:06pm
Quoting AmatPro
You can, however move on quite a bit, when in market situations with very very high probability set ups, you risk like 20% instead of 2% of your account. Then you can see your account almost literally explode. Like with every 50 pips the market moves in your direction, your micro-account goes up another 100%.
Good luck to you my friend, if you can find these setups I wish you the greatest success. But in my opinion there is no setup worth risking 20% of my trading capital. It may work once or twice but if it goes against you, it's bye bye trading and welcome to the famous 95%.
  • #48
  • Jan 14, 2008 9:03am Jan 14, 2008 9:03am
Does FXBabe or anybody know where this guy can be reached? What forum he visits? how one can get his trading system? etc, etc?

One needs tp get to the root of this matter to know how true this claim is.

Pls post for all to view.
Armstrong Coming Up Strong.
  • #49
  • Jan 14, 2008 10:43am Jan 14, 2008 10:43am
Quoting FxBabe
I know this guy whose in his early twenties who started trading forex little over 2 years ago and now has his own company, drives a ferrari and has a £800k house.

How does he do it?
Something here confuses me. You said you "know this guy"....So if you know this guy then ask him. Knowing someone means you are friend or acquintance. And I am sure he would love to share his secrets with you. Afterall If you can duplicate what he does then he can upgrade to a Rolls Royce in no time with your help.

But i suspect this statement belongs with all the other urban legends eg. "I know this guy who exports cool aid cooldrink powder to an africa country and are making millions"

or

"I have turned my $1000 into $1 000 000 in a week"

or

"I know someone who has seen the Loch Ness Monster"

or

"I have seen BigFoot"

Conclusion: If trading forex was that easy then Ferrari would be the top selling car and everyone would live in the caribbean all laying on the beach trading off their laptops while sipping on a margherita.

It is always concerning when someone spreads the word that forex is a quick rich scheme where you can make a killing and undo Bill Gates as the world's richest man. People please wake up.

I have posted a list of the top 40 young richest people in the USA. Guess how many are forex traders? Zero!!!!!!!!!!!!

Michael Dell ... 39
... Chairman/Founder Dell Computer ... $17.95 billion
2 Pierre Omidyar ... 37
... Chairman/Founder eBay ... $10.05 billion
3 Jeff Skoll ... 39
... Chairman/Founder Skoll Foundation ... $4.69 billion
4 Larry Page ... 31
... President, Products/Co-Founder Google ... $4.19 billion
5 Sergey Brin ... 31
... President, Technology/Co-Founder Google ... $4.17 billion
6 Jerry Yang ... 35
... Chief Yahoo/Co-Founder Yahoo ... $2.81 billion
7 David Filo ... 38
... Chief Yahoo/Co-Founder Yahoo ... $2.57 billion
8 Ken Griffin ... 35
... President/Founder Citadel Investment Group $1 billion
9 Dan Snyder ... 39
... Chairman/Principal Owner Washington Redskins ... $823 million
10 Marc Benioff ... 39
... Chairman/CEO Salesforce.com ... $376 million
11 Jeffrey Citron ... 34
... Chairman/CEO/Co-Founder Vonage ... $346 million
12 Elon Musk ... 33
... CEO/Founder/CTO Space Exploration Technologies ... $328 million
13 Sean Combs (P. Diddy) ... 34
... Chairman/CEO/Founder Bad Boy Entertainment ... $315 million
14 Tiger Woods ... 28
... Golfer ... $295 million
15 Halsey Minor ... 39 ... Chairman/CEO/Founder
... Grand Central Communications ... $286.1 million
16 Shawn Carter (Jay-Z) ... 34
... Co-Founder Roc-a-Fella Enterprises ... $286 million
17 Jerry Greenberg ... 38
... Co-Chairman/Co-CEO/Co-Founder Sapient ... $278 million
18 Raul Fernandez ... 38
... Chairman/CEO ObjectVideo ... $263 million
19 Jennifer Lopez ... 35
... Actress/Singer/Co-Owner Sweetface Fashion ... $255 million
20 Marc Andreessen ... 33
... Chairman/Co-Founder Opsware ... $253 million
21 Joe Liemandt ... 36
... President/CEO/Founder Trilogy ... $234 million
22 Shaquille O'Neal ... 32
... Basketball Player Miami Heat ... $222 million
23 Michael Robertson ... 37
... CEO/Founder Linspire ... $220 million
24 Marc Ewing ... 35
... Publisher Alpinist magazine ... $217 million
25 Julia Roberts ... 36
... Actress ... $212 million
26 Will Smith ... 35
... Actor/Rapper ... $188 million
27 Andre Agassi ... 34
... Tennis Player ... $162 million
28 Jared Polis ... 29 ... Chairman/Member
... at Large Colorado State Board of Education ... $160 million
29 Jeff Gordon ... 33
... NASCAR Racer ... $155 million
30 Sudhakar Ravi ... 39
... Retired ... $137.1 million
=31 Ashley Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
=31Mary-Kate Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
33 John MacFarlane ... 38
... CEO Sonos.com ... $136 million
34 Jeffrey Zients ... 37
... Chairman Advisory Board Co. ... $132 million
35 Sreekanth Ravi ... 37
... Retired ... $131 million
36 Paul Gauthier ... 32
... Retired ... $129 million
37 W. Glen Boyd ... 37
... Retired ... $125 million
38 Britney Spears ... 22
... Entertainer ... $123 million
39 Michael Saylor ... 39
... Chairman/CEO/Founder MicroStrategy ... $113 million
40 Kevin Garnett ... 28
... Basketball Player Minnesota Timberwolves ... $106 million

$

  • #50
  • Jan 14, 2008 10:54am Jan 14, 2008 10:54am
Keep in mind that list is of people that have their finances as open records. There are several wealthy people that do not publish their financial records.
  • #51
  • Jan 14, 2008 11:01am Jan 14, 2008 11:01am
Are you sure these two are tied. If I recall one of them doesn't spend any money on food - so she has more cash than the other...

=31 Ashley Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
=31Mary-Kate Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
In trading, there is no bullshit. You either make money or you don't.
  • #52
  • Jan 14, 2008 11:10am Jan 14, 2008 11:10am
Quoting mrgreen
Are you sure these two are tied. If I recall one of them doesn't spend any money on food - so she has more cash than the other...

=31 Ashley Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
=31Mary-Kate Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
That was the funniest thing I read all week....lol
  • #53
  • Jan 14, 2008 11:47am Jan 14, 2008 11:47am
Quoting mrgreen
Are you sure these two are tied. If I recall one of them doesn't spend any money on food - so she has more cash than the other...

=31 Ashley Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
=31Mary-Kate Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
LOL - that sh*t is so funny I think I'm crying.
  • #54
  • Jan 14, 2008 11:52am Jan 14, 2008 11:52am
If you want an idea of the influence a trader can have do yourselves a favor and type the following in a google search: "david smith OLINT".
  • #55
  • Jan 14, 2008 12:08pm Jan 14, 2008 12:08pm
Same post on other board,but under name of eagle eye... Gues who has the eagle eye, lol

http://www.forexfactory.com/showthre...?t=6134&page=4

Quoting FxBabe
I know this guy whose in his early twenties who started trading forex little over 2 years ago and now has his own company, drives a ferrari and has a £800k house.

How does he do it?
  • #56
  • Jan 14, 2008 1:01pm Jan 14, 2008 1:01pm
Quoting mrgreen
Are you sure these two are tied. If I recall one of them doesn't spend any money on food - so she has more cash than the other...

=31 Ashley Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million
=31Mary-Kate Olsen ... 18
... Actress/Co-President DualStar Entertainment ... $137 million

Hahaha!!! LOLOLOLOL!!!!
  • #57
  • Jan 17, 2008 8:59am Jan 17, 2008 8:59am
Well guys for me making 3,000 a week off this trading I be happy , with 3,000 a week I can go finance my m3 and have my second job as a part time.
2008 C63 Benz coming soon !!!!
  • #58
  • Jan 17, 2008 9:21am Jan 17, 2008 9:21am
Maybe the person that invented ForexMadeEasy...lol
  • #59
  • Jan 17, 2008 9:51am Jan 17, 2008 9:51am
hi, where can I get some guidance on trading ? free signals, etc ?
coaching,
thanx,
am new to trading.
  • #60
  • Jan 17, 2008 10:05am Jan 17, 2008 10:05am
Quoting Freshie
hi, where can I get some guidance on trading ? free signals, etc ?
coaching,
thanx,
am new to trading.
Go to BabyPips.com & spend much time in the School section.
You won't find a better place to start.
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