So how much are you making? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How much do you want to make and why do you want to make it 17 replies

Why you shouldn't show how much you have made in FX 35 replies

Making Too Much Money with a Broker? 14 replies

Journal Factory posters - how much money are you making? 17 replies

So how much are you making?

  • #21
  • Dec 28, 2008 11:47am Dec 28, 2008 11:47am
Was just browsing & noticed this thread, which can be an amusing one. The better question might be "How much is Everyone LOSING on forex." There are hundreds of systems introduce here on FF. Believe me, for the past few years, I've tried them all. Most on Demo accounts, and a few on live trading. Most all of them have one flaw or another. For me, I treaded water last year. I have yet to see a system that wins consistently. For anyone that uses a system that consistently earns at least 30% a year, please post it and a copy of your live trading statement for at least ONE year with all account info blanked out, and the method you used to make it. I can almost guarantee there will be no takers. What you get is someone making a ton in one month or one week, or on a demo account. All that means nothing. And, for those that think divulging a great system ruins it...that's BS. There's more than enough other people losing in forex to compensate for some system that might make money consistently. To date, I have found none.
  • #22
  • Dec 28, 2008 1:02pm Dec 28, 2008 1:02pm
Quoting Gnat
T'is all just fun, ain't it!?

AIN'T IT???

Happy New Year to all of you!
LOL. Happy New Year Gnat.
Not all sins are created equal
  • #23
  • Dec 28, 2008 2:02pm Dec 28, 2008 2:02pm
paradoxical, u say there is no consitant profitable strategy. Why are there a fair few stragtegys in this forum with 5 stars that have been going for somtime?
Personally I dont really bother with them myself, i am just curious as to why they seem to be popular. if they wont work then why they have stars? This is not a sarcastic derogitive question to you, i am actually wondering why because i think the same as you that strategys dont seem to work. I think its all down to mind and money management (yeah the boring stuff).
  • #24
  • Dec 28, 2008 2:03pm Dec 28, 2008 2:03pm
Quoting fry2010
paradoxical, u say there is no consitant profitable strategy. Why are there a fair few stragtegys in this forum with 5 stars that have been going for somtime?
Personally I dont really bother with them myself, i am just curious as to why they seem to be popular. if they wont work then why they have stars? This is not a sarcastic derogitive question to you, i am actually wondering why because i think the same as you that strategys dont seem to work. I think its all down to mind and money management (yeah the boring stuff).
yes 95% mind im thinking
  • #25
  • Dec 28, 2008 2:24pm Dec 28, 2008 2:24pm
The 5 stars is just a rating inputted by the readers. I have found very few systems that perform consistently. There are systems that perform OK in trending markets. there are counter trend systems, there are breakout systems, and on and on. A system needs to stand the test of time. What happens when the market stops trending? What happens when the market trends for a long time? What happens in a flat market? Who here can consistently predict what type of market tomorrow or next week, or next month, will be? I've seen people attempt these type of predictions, but fail to do it consistently. If they could, they would know when to be in, and when to stay out. How long do the systems remain 5 stars? How many systems here are 5 stars for a year or more with the majority of people following them making money on LIVE accounts? You'll get some people reporting gains on demo accounts, or even posting fantastic demo account results. When you ask them to produce a live account report, you'll get a million excuses, most commonly that they don't want someone to get access to their account, and the second excuse that people wouldn't believe them, anyway, because if they blank out account numbers, people will think they phonied up the data. Thirdly, for some very odd reason I can't understand, some jerks will say it's none of your business what they make on forex! If THAT isn't the silliest excuse I ever heard. Do they think the tax collector is here watching their posts? Do they think someone will rob them? What the hell difference does it make if someone posts they make $60,000.00 or whatever amount on forex? No one is coming after them. These posts are anonymous. BUT......when you ask them to PROVE it, it's a far different story.
Quoting fry2010
paradoxical, u say there is no consitant profitable strategy. Why are there a fair few stragtegys in this forum with 5 stars that have been going for somtime?
Personally I dont really bother with them myself, i am just curious as to why they seem to be popular. if they wont work then why they have stars? This is not a sarcastic derogitive question to you, i am actually wondering why because i think the same as you that strategys dont seem to work. I think its all down to mind and money management (yeah the boring stuff).
  • #26
  • Dec 28, 2008 5:11pm Dec 28, 2008 5:11pm
totally agree with u there. I think if somone does have a profitable method they wud not share it to people they do not know on a forum, i no i wudnt. However there was one guy that did have a profitable method and was very keen in sharing, so that he could further improove it. It was working incredibaly well with 100% accuracy, but then like you say it didnt last. Suddenly the sh*t hit the fan.
  • #27
  • Dec 28, 2008 9:26pm Dec 28, 2008 9:26pm
huh, statistics say 95% lose and 5% make money, so far we have roughly 50%/50% ......so it either means that FF members have a lot of skills or 42.5% of the members are B.S.ers
It's NOT GAMBLING when the odds are in your favor
  • #28
  • Dec 28, 2008 9:55pm Dec 28, 2008 9:55pm
The 5% that make money, I suspect make very little. Forex is not an easy game. It takes lots of study and perserverence and guts. My opinion is that 95% of the people who claim to make any kind of money (50% a year) are in fact BSers, or only do it on demo accounts. When it comes to live trading with your own money, it's a whole different ball game. Other threads have been started to try to have people PROVE their money making claims on actual live trading, and the threads died. Just look at the sites that track so called experts and signal callers. Most all of them LOSE money over the long haul. They may make 100% one month and lose 200% the next.
Quoting User Name
huh, statistics say 95% lose and 5% make money, so far we have roughly 50%/50% ......so it either means that FF members have a lot of skills or 42.5% of the members are B.S.ers
  • #29
  • Dec 28, 2008 10:16pm Dec 28, 2008 10:16pm
Quoting paradoxical
The 5% that make money, I suspect make very little. Forex is not an easy game. It takes lots of study and perserverence and guts. My opinion is that 95% of the people who claim to make any kind of money (50% a year) are in fact BSers, or only do it on demo accounts. When it comes to live trading with your own money, it's a whole different ball game. Other threads have been started to try to have people PROVE their money making claims on actual live trading, and the threads died. Just look at the sites that track so called experts and signal callers....
Ahhh S#it. Fu*& the Poll...

Listen; Forex is but One of my sources of Income. Infact; It is one Facet of my Investment Return Folio.

That's not Blow it in your face kinda shit. That's a fact.
Get ye beyond your borders & Trade.
  • #30
  • Dec 29, 2008 10:36am Dec 29, 2008 10:36am
Bemac, don't take this wrong, but many people come on here saying similar things, and offer no proof or how they do it. As if their way of trading is either secret, or too complicated for the idiot readers of forex factory. This forum is supposed to be for people who have some experience in forex that are looking to make money at forex with a reasonable system and plan that stands the test of time. The polls of systems referred to as being or having been 5 stars get corrupted with indicators and other BS until the "system' on post 750 or 1000 bears no resemblance to where it started. This is due to both the system starter and the readers trying to optimize that system. If that 'system" were so good in the first place, it shouldn't need any changes. Having been here for quite some time now, and online here reading threads at least 4-6 hours a day, I'm here to tell you that most people are BSing. If they weren't, they'd post proof of their claims. This post is not to say that you yourself don't make some money trading forex. It's only to say I have yet to see any reasonable proof by anyone.
Quoting Bemac
Ahhh S#it. Fu*& the Poll...

Listen; Forex is but One of my sources of Income. Infact; It is one Facet of my Investment Return Folio.

That's not Blow it in your face kinda shit. That's a fact.
Get ye beyond your borders & Trade.
  • #31
  • Dec 29, 2008 11:03am Dec 29, 2008 11:03am
Quoting paradoxical
Bemac, don't take this wrong, but many people come on here saying similar things, and offer no proof or how they do it. As if their way of trading is either secret, or too complicated for the idiot readers of forex factory. This forum is supposed to be for people who have some experience in forex that are looking to make money at forex with a reasonable system and plan that stands the test of time. The polls of systems referred to as being or having been 5 stars get corrupted with indicators and other BS until the "system' on post 750 or 1000 bears...
There are people here who post there trade results in the journal section. I have also started to do this, although its only been a week or two since I started my journal, I intend on keeping it going for a long time.

Leon
Living the adventure in my head.
  • #32
  • Dec 29, 2008 1:05pm Dec 29, 2008 1:05pm
Lorenzo, I looked over at the jopurnal section, and also yours. I wish you the best, and hope for your continued success. I looked into some other journal posts, also. Some of these are demo accounts, and I really don't consider those as something to rely on. The reason being it's play money, and trading a live account is far different than a demo account. Particularly when you're talking of trading for a living, instead of just for pocket change.
The journal posts I looked at don't contain the system rules that an average person here could follow and duplicate to verify the results posted. I have no problem with someone posting what they say is a live account, or results from a live trading account. But, really, what good are journal posts of trades that someone made? What purpose do they serve to a reader here? Personally, I'd rather watch paint dry than to read journal pots of trading. That is, UNLESS that person has posted his system rules, and I can go back and look at a chart and confirm that he did in fact make 50 pips on that trade last hour, yesterday, last week. If someone is posting results on trading any pair, that means zero to a reader unless he can know how you did that.
That's the issue I'm referring to. I haven't seen one system here in reading for two years that is coinsistently successful enough so that a person can quit his job and trade forex full time.
.
Quoting Leonlorenzo
There are people here who post there trade results in the journal section. I have also started to do this, although its only been a week or two since I started my journal, I intend on keeping it going for a long time.

Leon
  • #33
  • Dec 29, 2008 1:29pm Dec 29, 2008 1:29pm
Quoting paradoxical
Lorenzo, I looked over at the jopurnal section, and also yours. I wish you the best, and hope for your continued success. I looked into some other journal posts, also. Some of these are demo accounts, and I really don't consider those as something to rely on. The reason being it's play money, and trading a live account is far different than a demo account. Particularly when you're talking of trading for a living, instead of just for pocket change.
The journal posts I looked at don't contain the system rules that an average person here could follow...
To me, Ive always found anyone who has managed to prove success very motivational. There are times when newbs feel that the whole thing is impossible, possitive results are a good thing to see for them.

Im just taking a guess here, but if/when one day I am making a living (or more), I doubt ill be keeping a journal like this. Ill be totally honest as to my motives with my journal....

1- I like to get feedback and talk to people.
2- There is a miniscule chance that someone likes what im doing and aproaches me with some kind of proposition.

Nobody does anything without a motive, and most motives are selfish.

What reason is there for someone with enough capital to trade for a living to keep a journal on a forum?
Living the adventure in my head.
  • #34
  • Dec 29, 2008 1:46pm Dec 29, 2008 1:46pm
Lorenzo, I agree with you on all counts. A journal is more for the writer to keep himself on track, and as his/her own record of what he's doing. Once you start trading live, most of your efforts will be concentrated on trading.
As far as motives being selfish, that is true, and it's not necessarily a bad thing. Even Mother Theresa's motives were selfish. She wanted to gain heaven. Everyone does everything for their own self. Helping others is secondary, and it should be. You certainly are in no position to help others if you live under a freeway bridge.
Maybe the better questions are: Do people really find financial success through reading and learning here at Forex factory or other forums?
If they do, where are they? What systems have they done it with?
I mean, I can post I make 100K a year trading forex. It doesn't mean a thing without the proof.
Quoting Leonlorenzo
To me, Ive always found anyone who has managed to prove success very motivational. There are times when newbs feel that the whole thing is impossible, possitive results are a good thing to see for them.

Im just taking a guess here, but if/when one day I am making a living (or more), I doubt ill be keeping a journal like this. Ill be totally honest as to my motives with my journal....

1- I like to get feedback and talk to people.
2- There is a miniscule chance that someone likes what im doing and aproaches me with some kind of proposition.

Nobody...
  • #35
  • Dec 29, 2008 2:03pm Dec 29, 2008 2:03pm
Quoting paradoxical
Lorenzo, I agree with you on all counts. A journal is more for the writer to keep himself on track, and as his/her own record of what he's doing. Once you start trading live, most of your efforts will be concentrated on trading.
As far as motives being selfish, that is true, and it's not necessarily a bad thing. Even Mother Theresa's motives were selfish. She wanted to gain heaven. Everyone does everything for their own self. Helping others is secondary, and it should be. You certainly are in no position to help others if you live under a freeway...
I agree with the last sentence, there is no way of knowing.

There are alot of trolls around, I think more than we would suspect. In the end it comes down to each individual to choose who to beleive, use your common sence and ask alot of questions, atleast to yourself.

My current (?)system(?) is Buy low and sell high, try and get a good deal for your money, lol. Sounds very primative but its true and working so far.

And, No, I dont beleive that 95% of systems/methods on the forums are worth a penny. Trading is about using common sence and getting in at a good price, alot of the time I find myself taking a short even when the last candle has closed Blue and at the top of its range(or vice-versa/any variation of), this alone wouldnt happen in most indicator systems.

Like always, everything I say is in my own opinion, and may change at any point.

Leon
Living the adventure in my head.
  • #36
  • Edited 2:38pm Dec 29, 2008 2:14pm | Edited 2:38pm
Does it matter how much money are other members making!???
I realy dont care about that. If somebody thinks that making money is almost imposible in this game.....
what the hell are you doing here?
Yes, this is a hard game, probably the hardest we have ever played,
but that is the thing that makes me more and more atracted to it and
I will not rest until I "defeat" it!
This is my passion, and that is all that matters, and I know that
one day Ill make my living with it no matter what others say or think!

Everything is possible
forexflash
  • #37
  • Dec 29, 2008 2:41pm Dec 29, 2008 2:41pm
ForexFlash, I'[m with you. That's my goal, also. To be able to trade full time, and make a living doing it. There is one thread I've followed since it's inception not too long ago that shows promise, and the person who started says it is his only source of income. Too early to proclaim it's the Holy Grail I've been looking for.
Quoting FOREXflash
Does it matter how much money are other members making!???
I realy dont care about that. If somebody thinks that making money is almost imposible in this game.....what the hell are you doing here?
Yes, this is a hard game, probably the hardest we have ever played,
but that is the thing that makes me more and more atracted to it and
I will not rest until I "defeat" it!
This is my passion, and that is all that matters, and I know that
one day Ill make my living with it no matter what others say or think!

Everything is possible...
  • #38
  • Dec 29, 2008 6:02pm Dec 29, 2008 6:02pm
Quoting paradoxical
There is one thread I've followed since it's inception not too long ago that shows promise, and the person who started says it is his only source of income. Too early to proclaim it's the Holy Grail I've been looking for.
I wonder if it's the same system that I've been using, is it a box breakout system ??
It's NOT GAMBLING when the odds are in your favor
  • #39
  • Dec 29, 2008 6:31pm Dec 29, 2008 6:31pm
I knew someone would ask. While I like Nomoretoxic's Breakout system, the one I'm referring to is Tkpower8 ATM. Probably the best one I've come across on FF. Will do some live trading with it after this year is over. Demo trades go very well, and others reporting good success. Plus, not that hard to learn.
Quoting User Name
I wonder if it's the same system that I've been using, is it a box breakout system ??
  • #40
  • Dec 29, 2008 6:58pm Dec 29, 2008 6:58pm
oh ok, I thought you were referring to nomoretoxic's system
It's NOT GAMBLING when the odds are in your favor
0 traders viewing now