What do you think Professional Forex traders Make?

Good for you. How much did you L00se?

i could use that right now. saving up for a condo so i've been living off of ramen and doritos lol. i could go for a nice steak.

REALLY????? mmmmmm I must be running with the wrong crowd.....funny, I don't have to trade that much to please investors....best of the best, should have been followed up with "set ups" your right, no one knows for sure how good a trade will be, but you hedge your bets by waiting for what you recognize......I answered his question in a way he could relate to it in his own way.....there is no number that a pro trader makes....a "pro" trader offers his investors a ROI over time...not per day or per week

Cool:
Ready to step up a division or two?
Get used to it my friend. There is No Grace Given on the field you wish to play.
Sharpen, all you have & Bring it. This game has no compassion.

Wow. Sorry for the pummel but I do believe you should be aware that, although I may contribute advice (seldom buy or sell), I want your Money.
Wanna Play?

to the readers...
This is Real. Are You?

again, he is not asking what a pro trader tells his investor, he is asking what they take home to their house to pay their bills. i said i agreed with you on the ROI aspect, when talking to investors and looking at your trading records. but you cant use a ROI to pay your electricity bill bro. anyways, like i said, different types of traders trade different types of ways. i was speaking from my experience and what i've seen others do. if you do something different, good for you if it works. i wish you the best of luck in it.

im a professional trader
and i am doing well

check this out http://www.poisonfx.net/tradehistory.zip
i know i started with a small money but atleast i make converted $30 to $500


and then i turn then into $1397
http://www.poisonfx.net/tradehistory/statement11.pdf

yes im a professional trader

hope u guys will like it
i stopped trading because i was police training
but know im back again so i will be trading from next week...
wish me luck Guys...

A professional trader makes money. Amateurs lose it.

Sometimes they make good amount, sometimes they loose some. In the end, we all lose at times but the pros know why they lose because they have better risk assessment.

I once came across an amature trader who made $70000 a day! He lives in UK works during the day and trades at night.

I know this sort of performance is unsustainable but this guy somehow was the exception to the rule. He's still at it lol only difference is he made so much money his broker played dirty and froze his account since they couldn't get the better of him so he changed brokers to FXCM and now is at it again. Wonder what FXCM will do if he continues at this rate lol ....

As far as professionals are concerned I read here that Vic Noble once worked with a trader who made lots of money trading MACD divergence. So I was able to get the seminar and watch it and their Vic Noble talks about MACD divergence and said he "once knew a trader who soley traded MACD divergence on the 4h and dailies and had success you can only dream of."

I thought maybe its a managed account so I emailed Vic asking what he meant and Vic replied saying its true he did work with such a trader who traded not a managed account mind you but his own personal private account and this trader would make enough money in two days on which most people could retire on and live a lap of luxury for the rest of their lives!!

Imagine that huh

So to answer your question he probably made a few million a month.

Hi newbieforexer! Looking at your nick, I guess you're new to forex. I would like to answer your question by telling my story and encourage you to learn how to be a succesfull forex trader. I believe there are many professional forex traders who works for institutions like banks and hedge funds. Obviously they earn a lot. But there are also traders, I don't know may be some of them are not professionals, who are succesfull.

I had a money management plan about how many lots I will trade but I always focused on my risk and reward (I mean pips!) when I'm trading. I realised that doing this let me fight against fear and greed when I'm in the trade beacuse I was only looking the pips I made, not the money. Eventually after many weeks I was not afraid of loosing money when the trade went wrong and also I was not closing the position earlier then it hits my estimated target.

Finally I would like to answer your question about lots and the profits by giving an example of my past money management & trading plan. When I had 100.000$ in my account which was leveraged to 1:200, I was trading 25 standart lots for low risk trades and 10 standart lots for risky trades. I was making 250-500 pips each week. I guess you'll do the math.

I hope you read, work, learn about forex and how to be a succesfull trader and join the club

I am reading this book as we speak, and it's very good.

the most important thing that you should attention at trading is Money Management. which it doesn't depend on your deposit.your first goal at forex must be remaining at market if you could hold it on you can go it on. so if you dont take big risks on setting order you can always have this chance to surfing with enough confidence.

Sorry about returning an old thread, especially one that has an amateurish subject.
My point is, I'm trying to break through my own trading to move from demo to real so that I can be okay deep down about earning money.

Agreed. From this, I'd rather ask "WHY do you think Professional Forex traders Make (money)?"
Here's my answer.

_____________


You would think that most people would think about money in terms of what it gives you:

1. pocket change -- something a little extra, a drink or junk, to keep going through the day
2. one or two bills each of a different denomination -- an entire meal on the town, shopping for a day, to entertain and for small longer-term supplies
3. a number that's a lot and still pedestrian, say one or a few thousand dollars for many -- a month's bills, underlying worries gone for a month
4. 5-10,000 for a car, or 50-250,000 for a house -- property that lasts generations, with insurance and maintenance to upkeep it
5. a number that's a lot and stays that way for most anybody -- pure excitement, inability to understand its import, likelihood to waste

The sticking point, however, is this:
As potential for any winnings increases the less work involved, excitement about money turns exponential.

With this in mind, the tables turn when I break down how I look at money:

I get excited at cash, any cash, I see right in front of me. Except pennies, I guess, or someone else's. It used to include credit/debit cards, when I first got the cards.
On the other hand, I think of obligations when I know lots of money is in my pocket, is the little I put on my cards, or is portioned for future use in the bank.

If I trade as much money as I can, cash and leverage, on a trade, then I "see" all the money I have right in front of me. If I enter the market with this money without a well-designed trading plan and during, say, one minute before NFP, then I maximize my excitement.
What's the cost? I lose my money and then I get to see cash, any cash, I see right in front of me, because that's all I'll have -- five or ten cents or dollars. So, I get more excitement, especially if I lose some dimes and then find them a week later. Yippee!

This is all given one used only one's expendable money, taking care of essentials with other funds.

What if I had to live on what I earn trading?

I can't really envision the situation changing for this. Reality in the form of the five-points list won't naturally set in to how I trade; the two-choice excitement or obligation one will.
A well-designed trading plan respects the latter and ignores the former. It limits how one earns, to make pocket change valuable and big money an obligation. It recognizes trading is like the lottery or gambling, in that it has a high potential for a big windfall.

Thus, one takes each big win as exactly that, and stops right there to remove some for obligations; it also takes each small win, and rewards the trader with a pocket of change. Sensory input is critical at this stage: See the money, talk about it, and hear it jingle and fold in your hands. This IS about the money. One must go on and live to enjoy. Sharing what little one has is good, too. Losses are to be silently put away, forgotten in the balance, absorbed by the money one also earned and never touched, and considered only in the totality.

What if you never win? Then train. Stop trading for real and Work. Money is fun, understand that; work for this, and if not this, then the skill, risk and time it takes to work. ALWAYS reward yourself when the money is fake, even if you just lost a lot: It's still pocket change. Go all the way and be used to earning a living at trading. Pretty soon, it'll grow on you.

Here's my certifiably professional plan to always win.

Number one, I place a trade, any pair, at any time, long or short, doesn't matter.

Number two, I call a very rich and powerful friend to move the market in favor of my trade.

Number three, I take profit.

Repeat.

(yes this is a joke)

Hello Traders
I would like to know what kind of accuracy full time traders trade with. I am not full time, but over the past 80 trades i have traded with a win rate of 52.3% and a win to loss ratio of 1.29, My accuracy works out to be 58.6%.

anyone willing to share their performance statistics?

Please include the number of trades the stats are based on (preferable > ~ 200), win rate, and, win to loss ratio.

Thanks!