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  • #29,461
  • Sep 11, 2008 10:44am Sep 11, 2008 10:44am
Quoting anwarsadique
Hi: I asked a question before about low commission brokers. Thanks Acumen for answering the question. Can i ask one more question.. How much do you guys make every month? with a $5k account?
Thanks in advance for the answer
Anwar
I made 30 million last month.
  • #29,462
  • Sep 11, 2008 10:46am Sep 11, 2008 10:46am
Quoting kstorm88
except i don't party... consider myself better than that... i just like money, and own a few side businesses. i don't have time to party. anyway, i'm looking foreward to getting back in. so far i have yet to blow an account! and i traded all last year! sorry for my bad typing, i'm on an "ergonomic" keyboard... my second day on the job as IT assistant at the college.

I see your point, you spend your time doing what you enjoy. It is the same thing.
Redefining Reality
  • #29,463
  • Sep 11, 2008 10:47am Sep 11, 2008 10:47am
Quoting acumen
Depends how deep your pockets are.

That bounce is coming... next week, next month, 2015.
Don't think so in few years . 7 years Up vs few years down not justified?

just seeing the chart now ,publishing.

http://www.gogetin.info/eu119.gif

take care
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #29,464
  • Sep 11, 2008 10:48am Sep 11, 2008 10:48am
Quoting anwarsadique
Hi: I asked a question before about low commission brokers. Thanks Acumen for answering the question. Can i ask one more question.. How much do you guys make every month? with a $5k account?
Thanks in advance for the answer
Anwar
Let's assume you understand MM and apply it. (Each PIP about a $1.50)

If you are really good then you can probably pull out 15-20% month.

If you average good the about 5-10% month.

If you suck then don't worry - this post won't make a damn bit of difference.

I'm making a ton of assumptions here.

m
  • #29,465
  • Sep 11, 2008 10:50am Sep 11, 2008 10:50am
Thanks for the answer. I was an equity day trader for a while. Was doing good and consistent until i was over confident and went long google on their earnings day. Lost $21,000 in few minutes, could not place a stop loss order since it was after the market. I could not do stock trading anymore since i dont have $25k anymore. I am here now because I thought that experience might help me to do something here.
Lets see.. Started a live account with MB trading.

Quoting sentinel
lol, no....not for a long time. Just thought the question, the way that it was posted, was a dangerous one. Obviously a new trader, and that is a surefire way imho to blow your account....thinking in dollars per day/week/month. Just focus on the trades...

Sentinel
  • #29,466
  • Sep 11, 2008 10:50am Sep 11, 2008 10:50am
Quoting fontu
Don't think so in few years . 7 years Up vs few years down not justified?

just seeing the chart now ,publishing.

http://www.gogetin.info/eu119.gif

take care
fontu
There will be a retrace at some point... I think.

m
  • #29,467
  • Sep 11, 2008 10:53am Sep 11, 2008 10:53am
Quoting kstorm88
hey, i really need to get back into trading again after a hard summer of work... now i'm back on campus and havn't seen the charts for ever... ant advice/motivation?? thanks guys! and gals
i was in the same situation last year. 21 years old forex+college+part time job. i realized cant do it all, got to eliminate one. i decided since i want forex to be my lifelong career to quit school so thats what i did, kept the job for the many times i blew my account. in time i realized cant even do the part time job, forex requires me to stay up all night. quit the job and only forex remains now a year later. i am not profitable as i want to be yet but im getting there.

my message?..hope you dont take this the wrong way but when learning forex...there is room for nothing else...the learning process can take months/years/forever
Different opinions highly valued, ignorant to slander.
  • #29,468
  • Sep 11, 2008 10:54am Sep 11, 2008 10:54am
Quoting acumen
If you suck then don't worry - this post won't make a damn bit of difference.


I second the 10 to 20% gains over account equity having a good MM.
  • #29,469
  • Sep 11, 2008 10:56am Sep 11, 2008 10:56am
Quoting psiholog
i was in the same situation last year. 21 years old forex+college+part time job. i realized cant do it all, got to eliminate one. i decided since i want forex to be my lifelong career to quit school so thats what i did, kept the job for the many times i blew my account. in time i realized cant even do the part time job, forex requires me to stay up all night. quit the job and only forex remains now a year later. i am not profitable as i want to be yet but im getting there.

my message?..hope you dont take this the wrong way but when learning forex...there is room for nothing else...the learning process can take months/years/forever

"Forever", lord help me! This is not how I pictured eternity.
Redefining Reality
  • #29,470
  • Sep 11, 2008 10:56am Sep 11, 2008 10:56am
Quoting acumen
There will be a retrace at some point... I think.

m
Sure that should be , 1000s pips retracement at some time in the congestion zone but may not happen that much , it is more short cut than the past.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #29,471
  • Sep 11, 2008 10:57am Sep 11, 2008 10:57am
Quoting acumen
There will be a retrace at some point... I think.

m
Guys don't forget your SL at the Trichet speech, he brought this pair to where it's now and he could help today with a retracement.

Just thinking loud.
  • #29,472
  • Sep 11, 2008 11:00am Sep 11, 2008 11:00am
Quoting piptechnician
"Forever", lord help me! This is not how I pictured eternity.
ask yourself this...how many times have you repeated the same mistakes and still do it?...when you stop doing that...aka develop discipline..you can eliminate "forever"...im slowly upgrading to years hehe
Different opinions highly valued, ignorant to slander.
  • #29,473
  • Sep 11, 2008 11:04am Sep 11, 2008 11:04am
Quoting cobraforex
Guys don't forget your SL at the Trichet speech, he brought this pair to where it's now and he could help today with a retracement.

Just thinking loud.
Thanks for the information . i do not think he will . why he will do it ? to to allow more down without more actual down today ?
Donot think so such sucidal activity Trichet will do , just provoke people to do to get lost .
max. 50-100pips any UP can do their any action now , I hope . hold my shorts still.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #29,474
  • Sep 11, 2008 11:16am Sep 11, 2008 11:16am
More really ugly US numbers.. This bear rally can go on for some time but at this point it is no longer based on fundamentals, just trend extending on its own.
  • #29,475
  • Sep 11, 2008 11:20am Sep 11, 2008 11:20am
Quoting mikkom
More really ugly US numbers.. This bear rally can go on for some time but at this point it is no longer based on fundamentals, just trend extending on its own.

agree
  • #29,476
  • Sep 11, 2008 11:25am Sep 11, 2008 11:25am
Quoting psiholog
i was in the same situation last year. 21 years old forex+college+part time job. i realized cant do it all, got to eliminate one. i decided since i want forex to be my lifelong career to quit school so thats what i did, kept the job for the many times i blew my account. in time i realized cant even do the part time job, forex requires me to stay up all night. quit the job and only forex remains now a year later. i am not profitable as i want to be yet but im getting there.

my message?..hope you dont take this the wrong way but when learning forex...there is room for nothing else...the learning process can take months/years/forever
so you must be oing quite well to have quit school and your job. i found that being an engineer is going to be one of my passions, and i need to forge ahead in school. i have contemplated dropping out a few times especially when my business are going well. i just need to get through another year, and i'll be golden. anyway, so how much is profitable for you?
  • #29,477
  • Sep 11, 2008 11:36am Sep 11, 2008 11:36am
Quoting fontu
Thanks for the information . i do not think he will
fontu
I only wanted to remember you all to fasten the seatbelts 3 min before the speech, you never know what those guys have in the mind.

Mikkom said: at this point it is no longer based on fundamentals
There are people that say it never was, most news lately have been bad for $ but the southern rally keeps going on, now think what you want, I have no idea of fundamentals but smells like old fish.
  • #29,478
  • Sep 11, 2008 11:38am Sep 11, 2008 11:38am
Quoting kstorm88
so you must be oing quite well to have quit school and your job. i found that being an engineer is going to be one of my passions, and i need to forge ahead in school. i have contemplated dropping out a few times especially when my business are going well. i just need to get through another year, and i'll be golden. anyway, so how much is profitable for you?
enough to not blow my account anymore...havent worked in 4 months ...wont say exact figures because some people in here make thousands per day and i cant even compare (jealousy)..its sad because i do good (get 100+pips a day easy just eur/usd) but its hard to make a fortune out of low equity...takes time...i didnt quit school though because i was doing well...i quit because i can apply my passion psiholog(psychologist) to the markets instead of wait 7+years more for a phd degree

my only weakness relating to the market is that im highly impulsive still....i see a pattern going on....clearly identify highs/lows/breakout points..yet i end up buying/selling somewhere in the middle anyways to get stopped out later instead of waiting for confirmation of a break or a bounce off resistance/support. in other words some days turn into 100+pips profit followed by 100+pips minus.

Edit:regarding a phd degree in psychology....heres a question for you....work whenever from wherever in the world..travel..home..w/e...or from an office all day helping ppl who cant be helped anyways?
Different opinions highly valued, ignorant to slander.
  • #29,479
  • Sep 11, 2008 11:44am Sep 11, 2008 11:44am
did Trichet even talk? i see nothing on the wires about it.
USD Est Non Mortuus
  • #29,480
  • Sep 11, 2008 11:51am Sep 11, 2008 11:51am
Quoting LuckyLurker
did Trichet even talk? i see nothing on the wires about it.
copy paste from their site

Keynote speech to be delivered by the President at the Gala Dinner hosted by the EU French Presidency on the occasion of the 2008 Eurofi Conference in Nice, France.

I need to take a nap and the other night when he spoke it was like a hammer over the head, too bad I can't hear him today.
Redefining Reality
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