Does that make sense to you. | Forex Factory

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Does that make sense to you.

  • #1
  • First Post: Jun 24, 2009 11:08am Jun 24, 2009 11:08am
This thought is bothering me for a week now that if someone is a successful trader and he could manage more than Break even why


He would trade for some one else like hedge funds, banks etc and gives all profit the he could have made???????????


Starts selling trading strategies, EA's and other products.


Does that mean that no one can trade forex successfully on regular basis or you could say for a living.


I AM NOT SUSPECTING OR BLAMING ANY SENIOR MEMBERS OF FF CAUSE THEY HAVE CHANGED THE WAY I TRADED BEFORE BUT I JUST WANT SOME REASONS SO I CAN CLEAR MY MIND.
  • #2
  • Jun 26, 2009 9:51am Jun 26, 2009 9:51am
Hi,

I have often had similar thoughts!

To answer the first scenario... the only reason that I can think someone would choose to trade for a firm rather than themselves is because they don't have a big enough deposit to make trading a career.

But I think if "successful" traders are selling strategies and EAs it makes me think they are not successful traders at all.

Regards,

Dan
  • #3
  • Jun 26, 2009 10:26am Jun 26, 2009 10:26am
Quoting nasir.khan
This thought is bothering me for a week now that if someone is a successful trader and he could manage more than Break even why


He would trade for some one else like hedge funds, banks etc and gives all profit the he could have made???????????...
Hedge fund traders get a commision of 20% on what profit they make for their clients. As they are dealing with huge volumes of money. If you have $5000 USD, and you doubled you account, you would only make 5 grand in a year. If you traded 5million and took 5%.... do the maths.

Not all people have the starting capital, but even when they are capable, they may like the feeling of the hedge fund secuurity blanket.

As it is not their money, they are not as emotionally attached.
Probability Professor
  • #4
  • Jun 26, 2009 10:36am Jun 26, 2009 10:36am
Consider that there are career motives beyond purely financial incentives and you should get the answer to your question. It is naive to conclude that someone who sells EA's or training is not profitable themselves. For one, trading is a lonely pursuit, and most people crave some kind of human interaction and the respect of their peers. You can't put a price on happiness, and if that is what makes you tick then that is one way of balancing trading with a social working environment comparable to that of conventional professions.
  • #5
  • Jun 26, 2009 10:38am Jun 26, 2009 10:38am
Quoting birdt
Consider that there are career motives beyond purely financial incentives and you should get the answer to your question. It is naive to conclude that someone who sells EA's or training is not profitable themselves. For one, trading is a lonely pursuit, and most people crave some kind of human interaction and the respect of their peers. You can't put a price on happiness, and if that is what makes you tick then that is one way of balancing trading with a social working environment comparable to that of conventional professions.
Very True
Probability Professor
  • #6
  • Jun 26, 2009 10:56am Jun 26, 2009 10:56am
Quoting birdt
Consider that there are career motives beyond purely financial incentives and you should get the answer to your question. It is naive to conclude that someone who sells EA's or training is not profitable themselves. For one, trading is a lonely pursuit, and most people crave some kind of human interaction and the respect of their peers. You can't put a price on happiness, and if that is what makes you tick then that is one way of balancing trading with a social working environment comparable to that of conventional professions.
That one hit me even though i have started this thread sometimes i even dream of becoming a forex fund manager and people working under me. But in trading the other things coming to your mind after money are like

no boss-
no job-
no responsibility-
and ahhhhhhhhhhh
getting out of bed late in the morning.


But i guess when we get learned to trade successfully we became more disciplined so these things look easier also.
  • #7
  • Last Post: Jun 28, 2009 4:52am Jun 28, 2009 4:52am
I agree with birdt
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