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  • #21
  • Apr 2, 2007 8:16am Apr 2, 2007 8:16am
Quoting Gwan
yes, i agree indeed .
the question is a trap .
remember that most broker need us to state that the money we put to play are not afecting our lifestyle.
His business involves taking money from individuals and companies and trading with it.
  • #22
  • Apr 2, 2007 8:17am Apr 2, 2007 8:17am
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.
He doesn't sell his system or training course, if he did I would be first to buy.
  • #23
  • Apr 2, 2007 8:19am Apr 2, 2007 8:19am
Quoting amaruenterprise
Well said.....
Well said. People are doing it.
  • #24
  • Apr 2, 2007 8:21am Apr 2, 2007 8:21am
Quoting tdion
Hate to open this can of worms, but even if you are doing well in forex, you still have to find a credible broker.

I have struggled with this a lot lately. Is an ECN the only way to not be cheated? Are any brokers out there not making money when we lose? Thanks.
Try C M C markets .com. He uses them and so do I.
  • #25
  • Apr 2, 2007 8:22am Apr 2, 2007 8:22am
Quoting dragon77
I would find out what drugs he's dealing !!!!!! LOL
Its difficult for us to accept because we are not doing so well. But it can be done.
  • #26
  • Apr 2, 2007 8:41am Apr 2, 2007 8:41am
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?

Is this thread actually supposed to help anyone??? If so, where is the advice? You're saying it shows that it can be done, but that's the problem, you're just saying it. I can't believe people waste their time reading this.
  • #27
  • Apr 2, 2007 8:57am Apr 2, 2007 8:57am
Quoting zawodowiec
Is this thread actually supposed to help anyone??? If so, where is the advice? You're saying it shows that it can be done, but that's the problem, you're just saying it. I can't believe people waste their time reading this.
like you im waiting for the advice.
  • #28
  • Apr 2, 2007 9:44am Apr 2, 2007 9:44am
I always find the live trade journals of people here interesting.... it would appear that people like steviet and obeewon are having success....
  • #29
  • Apr 2, 2007 9:47am Apr 2, 2007 9:47am
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?
he doesn't trade. just got married.
  • #30
  • Apr 2, 2007 11:33am Apr 2, 2007 11:33am
Quoting FxBabe
like you im waiting for the advice.

You cannot expect a serious answer to your question from anyone. If it's your friend, why not ask him directly???
  • #31
  • Apr 2, 2007 3:25pm Apr 2, 2007 3:25pm
Quoting mtcdavs
I love the "skeptics" on this forum. If someone is reported as actually making it in Forex Trading, must be a hoax. Can't be ture. Can't be done.

Well, I like to believe, it can be done and IS being done. Soon to be my turn as well.
My friend, I am certainly no skeptic, I understand the life changing potential of the situation here, I realise that with a lot of hard work it is possible to be very successful in this game. My main point was just that as well as what everyone else had said, being adequately capitalised is going to make a big difference.

FXBabe, whereabouts in the UK are you based?

(not a come on before you get the wrong idea, just interested that's all)

Good luck all.
  • #32
  • Apr 2, 2007 3:51pm Apr 2, 2007 3:51pm
A short and to the point story:

When I was in my twenties I worked for a guy who had a Rolls Royce. He asked me to drive it from NY to Montreal so he and his wife could drive it leisurely back over a holiday (Labor Day) weekend.

I arrived in downtown Montreal friday afternoon crawling along in traffic, windows down and stereo cranked up. A pedestrian who was walking as quick as I was driving, asked from the sidewalk "what does someone do for a living to drive a car like that".

Well I could have given him a BS story. Its not my style. I honestly answered that "what I did for living" was work for the guy who actually owned the vehicle.

Moral of the story is you never know the true story unless you actually do. Unless you know first hand, you never really know.
  • #33
  • Apr 2, 2007 4:16pm Apr 2, 2007 4:16pm
Yes, and if you knew... maybe you wont cry it out loud that easily!!!

Quoting SunTrader
A short and to the point story:

When I was in my twenties I worked for a guy who had a Rolls Royce. He asked me to drive it from NY to Montreal so he and his wife could drive it leisurely back over a holiday (Labor Day) weekend.

I arrived in downtown Montreal friday afternoon crawling along in traffic, windows down and stereo cranked up. A pedestrian who was walking as quick as I was driving, asked from the sidewalk "what does someone do for a living to drive a car like that".

Well I could have given him a BS story. Its not my style. I honestly answered that "what I did for living" was work for the guy who actually owned the vehicle.

Moral of the story is you never know the true story unless you actually do. Unless you know first hand, you never really know.
  • #34
  • Apr 2, 2007 4:54pm Apr 2, 2007 4:54pm
Quoting FxBabe
Its not man.
if you are so sure this is not BS, then that must mean that you know the guy well. so i have to ask myself, why are you on the forum asking us how he does it? you are the one who knows him so well and the only info we have about him is what you are telling us!

when things dont make sense, like this thread, it usually ends up being some hoax or bullshit or spam or all of the above. we get this all the time, so dont take offense to people treating this thread like its a joke.
Relax and be happy.
  • #35
  • Apr 2, 2007 5:08pm Apr 2, 2007 5:08pm
Do you know if he takes long term positions or if he daytrades?

You said he trades others money?

Does he get paid commissions or is he compensated for his results?

I, too am curious.
  • #36
  • Apr 2, 2007 6:46pm Apr 2, 2007 6:46pm
Quoting merlin
if you are so sure this is not BS, then that must mean that you know the guy well. so i have to ask myself, why are you on the forum asking us how he does it? you are the one who knows him so well and the only info we have about him is what you are telling us!

when things dont make sense, like this thread, it usually ends up being some hoax or bullshit or spam or all of the above. we get this all the time, so dont take offense to people treating this thread like its a joke.
I know the guy quite well. He is very honest. Did try to get information from him but doesn't open up. I respect that. I asked here so that other successful traders may feel like sharing something, something that might be useful to fellow members of this forum. Isn't that what this forum is about? Im sorry I did not make my point clearer. I did not think people would be so easily confused.

Hope that makes sense.
Thank you.
  • #37
  • Apr 2, 2007 6:52pm Apr 2, 2007 6:52pm
Quoting rallyeman
My friend, I am certainly no skeptic, I understand the life changing potential of the situation here, I realise that with a lot of hard work it is possible to be very successful in this game. My main point was just that as well as what everyone else had said, being adequately capitalised is going to make a big difference.

FXBabe, whereabouts in the UK are you based?

(not a come on before you get the wrong idea, just interested that's all)

Good luck all.
Im from Stratford, London. Where are you from? PM me
  • #38
  • Apr 2, 2007 6:54pm Apr 2, 2007 6:54pm
Quoting RickW00716
Do you know if he takes long term positions or if he daytrades?

You said he trades others money?

Does he get paid commissions or is he compensated for his results?

I, too am curious.
He said average is 2-3 days. If he makes profit for his client he takes a portion of the profit.
  • #39
  • Apr 2, 2007 7:03pm Apr 2, 2007 7:03pm
Quoting FxBabe
He said average is 2-3 days. If he makes profit for his client he takes a portion of the profit.
That sounds like a possible swing trading system...has he let you know his win/loss percentage?

Or maybe his avg win $ versus avg loss $?
  • #40
  • Apr 2, 2007 7:06pm Apr 2, 2007 7:06pm
Quoting RickW00716
That sounds like a possible swing trading system...has he let you know his win/loss percentage?

Or maybe his avg win $ versus avg loss $?
His win rate is 75-80%. Average win is much bigger than the average loss. His so confident with his method of trading that he does not panic when there is a loss because he knows he will get a win soon and that would be a big one.

Thanks
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