Professional forex traders | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

any professional forex news traders? 6 replies

Forex Predictions by professional traders 32 replies

What do you think Professional Forex traders Make? 33 replies

individual traders vs professional traders 6 replies

Who are the big professional traders here? 1 reply

Attachments: Professional forex traders
Exit Attachments

Professional forex traders

  • #141
  • Aug 30, 2010 1:45pm Aug 30, 2010 1:45pm
So, why don't you flip a coin and make consistent money?
  • #142
  • Aug 30, 2010 1:53pm Aug 30, 2010 1:53pm
Quoting UnnamedPlayr
So, why don't you flip a coin and make consistent money?

because its not my strategy...........he does well for himself, i think he trades on spot desk for RBS now......and hes like 20 or something junior @ uconn.
  • #143
  • Aug 30, 2010 3:22pm Aug 30, 2010 3:22pm
Quoting ab1
Hi everyone

I just needed to ask the following questions........

1) Are you a professional Forex Trader (i.e. working for someone you have to attain results for to keep your job)
2) What systems, strategies, methods do you use
3) How does your average Forex trader become successful
4) What have you been taught, that enables you to succeed.

Ok I've been trading for about 2 years full time, I have traded literally hundreds of systems from all over the place. Forex Factory, TSD, Baby Pips, etc etc, to name but a few....
I'll give you the answer since you're trying so hard,
KEEP ON TRADING, stop trying to find the magical tool and let your intuition tell you by paying unobstructed attention to what you actually do when trading.
Biggest joker
  • #144
  • Aug 30, 2010 5:46pm Aug 30, 2010 5:46pm
i too believe entries are most important, and your system (if your a trend trader like me) should get you in And out. ehh maybe they are both very important
  • #145
  • Aug 30, 2010 6:10pm Aug 30, 2010 6:10pm
  •  Czech
  • | Joined Feb 2010 | Status: You Don't Know What You Don't Know | 111 Posts
Exits are most important if you're following momentum. Entries are more important if you've got an edge.
  • #146
  • Aug 30, 2010 6:24pm Aug 30, 2010 6:24pm
Quoting AcidfluxX
Every month I return 3%[avg] on the fund made available to me.
Whoa 3% per month...and they are happy with your performance?

  • #147
  • Aug 30, 2010 6:34pm Aug 30, 2010 6:34pm
  •  Czech
  • | Joined Feb 2010 | Status: You Don't Know What You Don't Know | 111 Posts
Quoting Musashi
Whoa 3% per month...and they are happy with your performance?

thats 36% a year not compounded. How well are you doin?
  • #148
  • Aug 30, 2010 6:40pm Aug 30, 2010 6:40pm
Quoting Czech
thats 36% a year not compounded. How well are you doin?
3% per month.... i could work for one week and take 3 weeks off with those kind of results.
  • #149
  • Aug 30, 2010 7:27pm Aug 30, 2010 7:27pm
Quoting Musashi
Whoa 3% per month...and they are happy with your performance?


thats an excellent number if you are managing larger sums and you are consistent month in month out.......the ones who make those kind of consistent returns arent risk maniacs like most others are. The ones who do 3% MOM for 10-15 years are the true winners in this game. Quick buck artists come and go.....
  • #150
  • Aug 30, 2010 7:32pm Aug 30, 2010 7:32pm
Quoting mfoste1
thats an excellent number if you are managing larger sums and you are consistent month in month out.......the ones who make those kind of consistent returns arent risk maniacs like most others are. The ones who do 3% MOM for 10-15 years are the true winners in this game. Quick buck artists come and go.....
Totally agree... tell me friend what sort of risk do professional traders trade per trade if you happen to know?
  • #151
  • Aug 30, 2010 7:57pm Aug 30, 2010 7:57pm
Quoting Musashi
Totally agree... tell me friend what sort of risk do professional traders trade per trade if you happen to know?

i dunno, but however much they take, they should be able to manage it properly. This wasn't the case in 08'.....
  • #152
  • Aug 30, 2010 8:54pm Aug 30, 2010 8:54pm
blah blah blah
Time hides Nothing
  • #153
  • Aug 30, 2010 9:05pm Aug 30, 2010 9:05pm
Quoting mfoste1
i dunno, but however much they take, they should be able to manage it properly. This wasn't the case in 08'.....
wha sort of "professional trader" are you talking about?
An Individual or a financial Insto?
  • #154
  • Aug 31, 2010 2:18am Aug 31, 2010 2:18am
Quoting Petar_Serbia
Lol haha You are best man i have ever seen haha


Look just these 10 earn all others are very bad >

Rank...
Hi Petar,
you listed the top players in fx spot maket. When prices move into opposite direction to the prevailing trend, the big players do this to get better entry-points.
My question: Do they do this together or only one of them at each time?

walb
/ ... clarifying decisions ... /
  • #155
  • Aug 31, 2010 5:00am Aug 31, 2010 5:00am
Quoting Czech
thats 36% a year not compounded. How well are you doin?
That is right it somes to 36% a year. I m living in a country where the inflation is 10%. The base interest rate which banks are offering is 8%. The annual return on an investment in real estate is 30% a year. The conditions are not like in the developed countries where there is 100s of millions of dollars chasing 1% a mnth ROI.

I have a friend who runs a restaurant in a suburb and is doing 10% a mnth on his investment... and the property on which he runs his restaurant is appreciating at 25% a year compounded.

If I do a CFA course with 5000$ and land a Job of 60000$ a year will give a return of 1200% a year for the rest of my life.

So 36% a year even when is a good return, cannot fulfill anybodies fantasies... can only give u a decent living.
  • #156
  • Aug 31, 2010 5:02am Aug 31, 2010 5:02am
Quoting walb99
Hi Petar,
you listed the top players in fx spot maket. When prices move into opposite direction to the prevailing trend, the big players do this to get better entry-points.
My question: Do they do this together or only one of them at each time?

walb
Man like in all buisnese all together...I will tell you about NIke and Addidas. They work together comecrial,some period Nike dont doing comercial becouse they have deal with Adidas also Adidas dont do comercial in period when NIke do...That is case in Forex and in every buisnese.They dont go together but they have a deal when for exmaple Deutche go to Market other large banks stay away,that is in every buisnese....


Petar
"Buy on fear, sell on greed !!!
  • #157
  • Aug 31, 2010 5:08am Aug 31, 2010 5:08am
haha same as me,when i want to go long my alter ego tell me to go short..
  • #158
  • Aug 31, 2010 5:08am Aug 31, 2010 5:08am
Quoting Petar_Serbia
Man like in all buisnese all together...I will tell you about NIke and Addidas. They work together comecrial,some period Nike dont doing comercial becouse they have deal with Adidas also Adidas dont do comercial in period when NIke do...That is case in Forex and in every buisnese.They dont go together but they have a deal when for exmaple Deutche go to Market other large banks stay away,that is in every buisnese....


Petar

Oh please, I have worked on many a large trading floor and it is hard enough getting the guy next to you to help out with something let alone a competitor to work together on manipulating the market. The big boys are only working for themselves, they would never even contemplate working together, just think about it 2 big banks "agree" to drive Sterling up to 1.60, it would only take one of them to get out at 1.59 to ruin the "plan", it would never work. As a second point any bank agreeing to a deal with the other one would just get shopped to the regulator and put out of business, why would they even try.

Please leave the conspiracy stuff at home, the real world works a bit differently.
  • #159
  • Aug 31, 2010 5:12am Aug 31, 2010 5:12am
Quoting cloggie
Oh please, I have worked on many a trading floor and it is hard enough getting the guy next to you to help out with something let alone a competitor to work together on manipulating the market. The big boys are only working for themselves, they would never even contemplate working together, just think about it 2 big banks "agree" to drive Sterling up to 1.60, it would only take one of them to get out at 1.59 to ruin the "plan", it would never work. As a second thought any bank agreeing to a deal with the other one would just get shopped to the...
Cloggie that my opinion and i tell that for guy wich ask me i dont know why you post about my post,just ignore if you dont like...



Petar
"Buy on fear, sell on greed !!!
  • #160
  • Aug 31, 2010 5:23am Aug 31, 2010 5:23am
Quoting cloggie

The big boys are only working for themselves, they would never even contemplate working together
I've never worked for a bank but that's the impression I get, they'll only tell the market (their competitors) what they want it to know or believe, invariably they have their own agenda!

Bluff and double bluff I imagine, it must be great fun!
2 traders viewing now