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Why is nobody willing to post their live account statements on here?

  • #121
  • Feb 10, 2008 10:20pm Feb 10, 2008 10:20pm
Quoting Tsotsi
Common sense dictates that if only 5% of forex traders winners then those traders would be flithy rich. I can't just imagine only 5% traders getting money from 95% of all traders.
I think 5% winners is being generous when refering to retail traders
An extensive 5 year study of institutional traders found that only 1% were consistently making huge returns. The rest were mediocre, break even but mostly losers. Thats among traders that work for banks with resources and information we dont have access to. The odds against success for us retail traders are even greater. Its not impossible, but the challenge is immense, its going to take everything you've got like winning at pro sports or any other elite performance endevour http://traderfeed.blogspot.com/2008/...ndividual.html
BTC Return This Year: na
  • #122
  • Feb 10, 2008 10:33pm Feb 10, 2008 10:33pm
The obvious question is - If losing money in FX is the dominant result in institutional trading, why don't they don't just fire everybody and invest elsewhere?
History is written by the victors.
  • #123
  • Feb 11, 2008 3:38am Feb 11, 2008 3:38am
Quoting 30XTCi
Time,

Your time has expired!

Stop wasting people's time!

Time to move on!
Nobody is forcing you to visit the thread

regards
  • #124
  • Feb 11, 2008 3:38am Feb 11, 2008 3:38am
Quoting kermut
Well, if you read consider his first post a request, then you would certainly interpret his subsequent posts as a challeng. When you request something, you should be prepared to give a reason for it. So far his reason is that unless you can prove you make money, you are not making money, and just full of %$#. That itself is not a reason for complying with the request. When his request was denied, he basically went on to say that unless you can comply, you are not making any money.

Surely you would not go to a financial advisor and "request" to see his bank statements before you listen to his advice?

As far as the 1kt badge goes, the rules state that you have to have made 1000 trades, nowhere does it say you have to have been profitable in 2007, or be making a living out of trading forex.

In all the "hullabaloo" as you say, time has been "requested" again and again to state the reason for his request. I have yet to see him comply with that.

Considering he has no intention of trading full time, trades for a hobby, and has decided trading is not for him, I, and many others fail to see the benefit , purpose, for his "request", which has turned into a challenge.

Time has already asked the mods to shelf this thread if they so feel, I think he should just close it himself since it is not going anywhere, and he is not willing to actually give a valid reason for his request.

K.
Please read the 1st post in this thread and then you will find your answers

Regards
  • #125
  • Feb 11, 2008 3:48am Feb 11, 2008 3:48am
Quoting djmetric
Good idea Time! Also can everyone please show their bank account and credit card statements for 2007.
If you trade part time and have a regular job please show us your payslips.

Thanks guys. This info will really help us newbies here in Nigeria.
If I Go Broke Trying Then I Will die happy.
  • #126
  • Feb 11, 2008 4:18pm Feb 11, 2008 4:18pm
Quoting Phil_GMT
Nobody wants to post their accounts on here because, everyone on here does not make any money form forex. I'm talking £2K a month (UK average wage).

The 95% that do not make any money, are all here on this forum or another forec forum. Truth.

The way I see it if you make 20 pips guaranteed everyday then you would be in Dominican Republic, living in a 5 bedroom villa, going to the beach after you made your pips. Not coming on Forex Factory, to talk about how much money you have made to thousands of traders who all want to know how...
Truth?!
Mmmmmkkkkk!
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Carpe Divitiae
  • #127
  • Feb 11, 2008 8:01pm Feb 11, 2008 8:01pm
Have Done. Never Will Again.

Why?
Because I am sick and tired of being asked to.

{Just my current opinion}

I have published my results to over 60 individuals. 40 of whom decided I was worth the risk.
3 years later they were pissed at the Annual % return {double digit + btw} and, at that point, I decided to shut down the Mgd Acc.

You either know how to Trade.
OR
You want to know How To Trade...

If you want to Know... Stay Tuned...
If you Already Know. WyTF aren't you posting here? {Hmmmm... Note to self. "STOP OFFERING HELP TO OTHERS... It get's you Targeted." Oh.... yeah. Give up on the apprentices why don't you?}

{hey;

Diallist & I got to know each other by being Soldiers on Opposite sides, & now {at least from my side} we have the utmost respect for each other and often cavort on common ground. (cavort cavort {from my side it goes beyond that because my respect for Diall is set @ 10+ but, again, I can only speak from my side of the fence}

GUYS, we are involved in a very complex business here. It sounds like you want the folks who have a clue what they are doing to {when they are most entrenched} STOP... &... TELL ME TOO PLEASE...

If you think there is a possibility of me "Broadcasting" when I think I'm wrong & above that, that I should let you know before I adjust... Dream on.

Read my old and ancient siggy...

C'mon guys, there comes a time when YOU have to be responsible for Your Life.

Awe 're Best 'nd awe 'hat's good.

Really... hth
  • #128
  • Feb 11, 2008 8:13pm Feb 11, 2008 8:13pm
Quote
{Hmmmm... Note to self. "STOP OFFERING HELP TO OTHERS" Oh.... yeah. Give up on the apprentices why don't you?}
Dude...

DON'T!

I'm not the ass-kissing type, and trust me I'm not saying this to blow smoke up any of your sensitive orifices

but

YOU, and dial and james and fiji and seeks and so many others were a turning point in my fx career.
Granted I knew how to trade before I "found" you, but I was f!!king this forex thing up something terrible. As I've mentioned before, I came from the 2:1, million trades to a million bucks mentality. Discovered forex and lost the plot. Risk appetite grew along with the new found 100:1 leverage I was offered {talk about a double edged sword}, guys like you and the others mentioned above snapped me back into reality.

I feel a bit disgusted to hear that "public domain" idiots are making you want pull your head back in and give up on us mortals. I personally think you are better than that.

I'm a J16 private subscriber, so hopefully I'll still catch you on there.

Don't hermit on us now! :
F!!k 'em all I say! They obviously DON'T HAVE A CLUE yet either.
Carpe Divitiae
  • #129
  • Feb 12, 2008 5:34am Feb 12, 2008 5:34am
Quoting Bemac
Have Done. Never Will Again.

Why?
Because I am sick and tired of being asked to.

{Just my current opinion}

I have published my results to over 60 individuals. 40 of whom decided I was worth the risk.
3 years later they were pissed at the Annual % return {double digit + btw} and, at that point, I decided to shut down the Mgd Acc.

You either know how to Trade.
OR
You want to know How To Trade...

If you want to Know... Stay Tuned...
If you Already Know. WyTF aren't you posting here? {Hmmmm... Note to self. "STOP OFFERING HELP TO OTHERS... It get's you Targeted." Oh.... yeah. Give up on the apprentices why don't you?}

{hey;

Diallist & I got to know each other by being Soldiers on Opposite sides, & now {at least from my side} we have the utmost respect for each other and often cavort on common ground. (cavort cavort {from my side it goes beyond that because my respect for Diall is set @ 10+ but, again, I can only speak from my side of the fence}

GUYS, we are involved in a very complex business here. It sounds like you want the folks who have a clue what they are doing to {when they are most entrenched} STOP... &... TELL ME TOO PLEASE...

If you think there is a possibility of me "Broadcasting" when I think I'm wrong & above that, that I should let you know before I adjust... Dream on.

Read my old and ancient siggy...

C'mon guys, there comes a time when YOU have to be responsible for Your Life.

Awe 're Best 'nd awe 'hat's good.

Really... hth
If you read the first post in this thread then you will realize i have no interest in obtaining any "trading secrets" from any trader on this forum. I am not out to find a mentor. I am not out to find a profitable trading system cause there arent any that is reliable over a long period of time. Hence the reason so many trading systems are posted on forex forums every day.

But your are right when you say it is not easy to post anything on a forum. Cause people come in and bash you. Weird how many people are only out to critisize. But i guess it is a result of different opinions.

Regards
  • #130
  • Feb 12, 2008 5:55am Feb 12, 2008 5:55am
Quoting Time
If you read the first post in this thread then you will realize i have no interest in obtaining any "trading secrets" from any trader on this forum. I am not out to find a mentor. I am not out to find a profitable trading system cause there arent any that is reliable over a long period of time. Hence the reason so many trading systems are posted on forex forums every day.

But your are right when you say it is not easy to post anything on a forum. Cause people come in and bash you. Weird how many people are only out to critisize. But i guess it is a result of different opinions.

Regards

A trading system is a tool. I have a mechanics tool box in the fact that I have a few different systems that I use. When one fails in certain market conditions such as the one we are in now then I use a different tool to get the job done. I.E going from a position day trader to a grab 20 pips and shut down for the day trader. Plus I try to learn something new everyday. There are no profitable trading systems only profitable traders.

And HELL NO am I going to post my account statement here in a public domain are you FREAKING STUPID? Yes I realize I can block the numbers, I can also add numbers as well so what does it prove? Nothing.

Sorry Nigerians, no access to my Swiss bank accounts.
Just Trade It
  • #131
  • Feb 12, 2008 7:27am Feb 12, 2008 7:27am
Can someone please answer me this question? Is not directly related to the topic, but has some kind of link.

If people who post all those trading systems in the systems forum, and some claim that the systems work great and do a lot of money, why would they post their systems in the first place?

Just to help new people do a lot of money too? And why is not everyone using those systems to do a lot of money?
Why do we fall? "So we can learn to pick ourselves up."
  • #132
  • Feb 12, 2008 8:04am Feb 12, 2008 8:04am
The system is only about 30% of the success. The other 70% is the trader and the reason why most people fail even with successful and simple systems.

Consistency and discipline combined with low leverage are some of the keys. I think there are a lot of "system hoppers", jumping around here and there and lose in the long run...

Regards - Xaron
  • #133
  • Feb 12, 2008 8:34am Feb 12, 2008 8:34am
Quoting ForexDude
Can someone please answer me this question? Is not directly related to the topic, but has some kind of link.

If people who post all those trading systems in the systems forum, and some claim that the systems work great and do a lot of money, why would they post their systems in the first place?

Just to help new people do a lot of money too? And why is not everyone using those systems to do a lot of money?
A lot of people will tell you that Trading Systems don't work.

Others will swear by it

It is also a debate that wont go away
  • #134
  • Feb 12, 2008 8:37am Feb 12, 2008 8:37am
Quoting Big Wave Rider
A trading system is a tool. I have a mechanics tool box in the fact that I have a few different systems that I use. When one fails in certain market conditions such as the one we are in now then I use a different tool to get the job done. I.E going from a position day trader to a grab 20 pips and shut down for the day trader. Plus I try to learn something new everyday. There are no profitable trading systems only profitable traders.

And HELL NO am I going to post my account statement here in a public domain are you FREAKING STUPID? Yes I realize I can block the numbers, I can also add numbers as well so what does it prove? Nothing.

Sorry Nigerians, no access to my Swiss bank accounts.
Nobody is forcing you to do anything you are not comfortable with.

Regards
  • #135
  • Feb 12, 2008 8:38am Feb 12, 2008 8:38am
Time, you can follow my carry trading in this thread:

http://www2.oanda.com/cgi-bin/msgboa...;f=16;t=009581

It's a real money account, funded with only AUD$ 5,000.

I can't provide you with other accounts, it's not worth yet. I have to admit that my learning curve was loooong and I lost some money the last years. This has changed by the end of 2007. I promise I'll post an account statement by the end of 2008 if you're still interested and still here. I think it doesn't make sense to post one month by month.

Regards - Xaron
  • #136
  • Feb 12, 2008 10:00am Feb 12, 2008 10:00am
Quoting Xaron
The system is only about 30% of the success. The other 70% is the trader and the reason why most people fail even with successful and simple systems.

Consistency and discipline combined with low leverage are some of the keys. I think there are a lot of "system hoppers", jumping around here and there and lose in the long run...

Regards - Xaron
Yes I Agree with you Xaron... I think it's the judgment of our mind with our luck, Open eye's & Brain ... I Think the best and perfect system in a world is our smart judgment by the help of our experience and Brain which can make any trader successfull...
  • #137
  • Feb 12, 2008 10:25am Feb 12, 2008 10:25am


It is so funny that most people fail on FOREX.

Look, MOST Fundmanagers make 15% per year. That is less than one pip a day or 203 pips per year at 1:100.

This can be done by using daily charts. How is it possible that no one likes the 15% return per year?

I think 99,99% are too greedy at forex and 70% are to greedy at equity trading.

right guys?
Trainee at UBS Investment Banking
  • #138
  • Feb 12, 2008 11:14am Feb 12, 2008 11:14am
I admit I was wrong. I actually think there are many people on here earning 200% a year. However had low starting capital. So still are trading. Hang in there.

I think some of trading methods posted on this forum must work. But people are still looking for something better. Someone mentioned it earlier "system hopping". I think Pivot point strategies are the most sound. On a 1hr chart.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #139
  • Feb 12, 2008 11:28am Feb 12, 2008 11:28am
Quoting th_ngue21


It is so funny that most people fail on FOREX.

Look, MOST Fundmanagers make 15% per year. That is less than one pip a day or 203 pips per year at 1:100.

This can be done by using daily charts. How is it possible that no one likes the 15% return per year?

I think 99,99% are too greedy at forex and 70% are to greedy at equity trading.

right guys?
because most of us are under capital.it is different when u got 15% ROI from 10 millions account compare with 1K account.

Yes,agreed that most of us are too greedy and want to turn 500 account to million in a year.
  • #140
  • Feb 12, 2008 11:52am Feb 12, 2008 11:52am
Quoting Xaron
Time, you can follow my carry trading in this thread:

http://www2.oanda.com/cgi-bin/msgboa...;f=16;t=009581

It's a real money account, funded with only AUD$ 5,000.

I can't provide you with other accounts, it's not worth yet. I have to admit that my learning curve was loooong and I lost some money the last years. This has changed by the end of 2007. I promise I'll post an account statement by the end of 2008 if you're still interested and still here. I think it doesn't make sense to post one month by month.

Regards - Xaron

Thank i will drop in
regards
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