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how does this trader make money?

  • #61
  • Jan 17, 2008 4:52pm Jan 17, 2008 4:52pm
Quoting Freshie
hi, where can I get some guidance on trading ? free signals, etc ?
coaching,
thanx,
am new to trading.
Don't you love it when you get random posts like these?
  • #62
  • Jan 22, 2008 8:01am Jan 22, 2008 8:01am
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?
Seems like you are talking about "DollarPro". that fellow runs a blog. and he shares his call with the public. Met him once at the Trader conference at Las Vegas last Oct.
  • #63
  • Jan 18, 2009 1:42am Jan 18, 2009 1:42am
easy. he is a forex broker. he gets rich by telling guys like you to use the same service he does.
  • #64
  • Jan 18, 2009 3:03am Jan 18, 2009 3:03am
Any body who has a good system and is a good trader would not be looking at forums like this, they would either be working ( making Money ) or out enjoying it ( spending money )
  • #65
  • Jan 18, 2009 5:13am Jan 18, 2009 5:13am
Next time you get invited for drinks,slip away install remote monitor spyware on his PC and broadcast on this forum,LOL
  • #66
  • Jan 18, 2009 5:19am Jan 18, 2009 5:19am
I can see all the sucessful traders now sweeping their computers for spyware, and I was seriously, just joking!
  • #67
  • Jan 18, 2009 3:01pm Jan 18, 2009 3:01pm
Quote
Any body who has a good system and is a good trader would not be looking at forums like this, they would either be working ( making Money ) or out enjoying it ( spending money )

There are several traders on this forum, who are extremely succesful. Most trade from home and forums like these provide something to do while watching the charts (prevents them from going stir crazy!).

Just because they dont announce " I made a gazillion.." doesnt mean they haven't. Once you've been around here awhile and follow particular threads, they are pretty easy to spot.
  • #68
  • Jan 18, 2009 3:07pm Jan 18, 2009 3:07pm
He probably runs a system like this and uses compounding.
Attached File(s)
File Type: zip DetailedStatement.zip   8 KB | 318 downloads
  • #69
  • Jan 18, 2009 8:55pm Jan 18, 2009 8:55pm
Quoting cybernet69
He probably runs a system like this and uses compounding.
yes, if the EA can consistently produce profit daily of min 4% without any day lower than that,

with 10,000 dollar deposit, you will make it 1 million in 22 weeks.
if with mini, 100 dollar will make it to 10,000 in 22 weeks.

my EA trying to achieve that, till day 9 it ruin.
will try again..

cybernaut, how is your plan and target with your EA?
  • #70
  • Jan 18, 2009 9:05pm Jan 18, 2009 9:05pm
Quoting akukaya
yes, if the EA can consistently produce profit daily of min 4% without any day lower than that,

with 10,000 dollar deposit, you will make it 1 million in 22 weeks.
if with mini, 100 dollar will make it to 10,000 in 22 weeks.

my EA trying to achieve that, till day 9 it ruin.
will try again..

cybernaut, how is your plan and target with your EA?
Dreaming, I fell asleep amid the flowers, for a couple of hours, what a wonderfull day.
Living the adventure in my head.
  • #71
  • Jan 19, 2009 3:18am Jan 19, 2009 3:18am
My target is > 10% per week, i withdraw profits every Friday, personally i dont believe you can start with 10,000 and let it run until you reach 1 million etc.
  • #72
  • Jan 19, 2009 3:32am Jan 19, 2009 3:32am
Banking profits is also an often neglected part of Money and Risk Managment.
That is true.
  • #73
  • Last Post: Jan 19, 2009 3:41am Jan 19, 2009 3:41am
Yes, its one reason why most people fail at forex. Also, if your broker goes bankcrupt you are left with nothing!!!!!!
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