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Is making money in FX that easy?

  • #41
  • Oct 25, 2010 8:50am Oct 25, 2010 8:50am
Last week, I met one failed Forex trader who conducts TA and fundamental analysis seminars regarding trading around the globe and makes about half a million US dollars per year.

He has expanded his business using astute marketing agency services and branding himself as an expert experienced profitable trader.

The urge to make money out of delivering trading services is really huge. Even some of the turtle traders and former floor traders make money by writing books and giving seminars.

The crux of the matter- Learn trading. If you dont make money out of trading which eventually 95-99% will fail to do so consistently, no problem.

Scam other people.

An exciting life with full of choices
  • #42
  • Oct 25, 2010 9:20am Oct 25, 2010 9:20am
Quoting kingfisher
Last week, I met one failed Forex trader who conducts TA and fundamental analysis seminars regarding trading around the globe and makes about half a million US dollars per year.

He has expanded his business using astute marketing agency services and branding himself as an expert experienced profitable trader.

The urge to make money out of delivering trading services is really huge. Even some of the turtle traders and former floor traders make money by writing books and giving seminars.

The crux of the matter- Learn trading. If you dont make money...
Hey Friend

Either way, we are slaughtering loosing traders. Just in a different market place.

Some of the gurus (In stocks mostly, since FX is not a big thing over here)I know, have never traded 1 single position in their life time, yet they are on Books, TV and Mags every week, forcasting for ze public. (A famous guru even cried on air, when shares of HSBC was being sold down to its knees in 2008. CUTTING LOSSES SHORT ANYONE??)

Too bad, we live in a massive sum zero game.

But hey, when we get old and slow, we can teach! Better then life insurance, no??



BTW, answering the question to the thread.

Yes, its F***ING HARD! Otherwise bucket shops would have never excisted... Economics at its best, look around and see how many buckets opened up lately...

However, IT CAN BE DONE.

Regards
Life is a school for the soul
  • #43
  • Oct 25, 2010 9:37am Oct 25, 2010 9:37am
Quoting esuffw
Hey Friend

Either way, we are slaughtering loosing traders. Just in a different market place.

Some of the gurus (In stocks mostly, since FX is not a big thing over here)I know, have never traded 1 single position in their life time, yet they are on Books, TV and Mags every week, forcasting for ze public. (A famous guru even cried on air, when shares of HSBC was being sold down to its knees in 2008. CUTTING LOSSES SHORT ANYONE??)...
Right Mate. 'Slaughtering the looser' is the right thing to say. It is a sort of moral rape both in the markets and outside markets by paying for seminars to be conducted by failed traders.

In the market, losers are morally raped by big winners. The lifestyle big winners enjoy is snatched from every loosing trader in bits and pieces aggregating to grand lifestyle.

Marketing is the most important thing in this business. We need supply of more people with fresh money to be slaughtered after losers have lost all they could have lost through trading or seminars or both of them.
  • #44
  • Oct 25, 2010 9:55am Oct 25, 2010 9:55am
Quoting kingfisher
Right Mate. 'Slaughtering the looser' is the right thing to say. It is a sort of moral rape both in the markets and outside markets by paying for seminars to be conducted by failed traders.

In the market, losers are morally raped by big winners. The lifestyle big winners enjoy is snatched from every loosing trader in bits and pieces aggregating to grand lifestyle.

Marketing is the most important thing in this business. We need supply of more people with fresh money to be slaughtered after losers have lost all they could have lost through trading...
Dead truth to this industry. Hope some newbies are reading the above post and realize the effort needed. To those lazy minds, you may as well give up and save up your money for something else.

Afterall, it is a battlefield, not a joyful ride...

Good luck to you Kingfisher
Life is a school for the soul
  • #45
  • Oct 25, 2010 10:30am Oct 25, 2010 10:30am
Quoting kingfisher
Last week, I met one failed Forex trader who conducts TA and fundamental analysis seminars regarding trading around the globe and makes about half a million US dollars per year.

He has expanded his business using astute marketing agency services and branding himself as an expert experienced profitable trader.

The urge to make money out of delivering trading services is really huge. Even some of the turtle traders and former floor traders make money by writing books and giving seminars.

The crux of the matter- Learn trading. If you dont make...
That's why we have a saying in our culture: Good cats are quiet cats.

And I guess traders are the same.
Make your losses in demo. Earn your profits live.
  • #46
  • Oct 25, 2010 11:51am Oct 25, 2010 11:51am
Quoting Forexia
That's why we have a saying in our culture: Good cats are quiet cats.
I guess I had a very bad cat, then. My last Siamese was extremely vocal.
  • #47
  • Oct 25, 2010 5:01pm Oct 25, 2010 5:01pm
Quoting Slack
I guess I had a very bad cat, then. My last Siamese was extremely vocal.
Well, that saying refers to "good cats" as cats who can catch mice well for the old times that cats were used to deal with rats infestation. Since cats nowadays eat carefully prepared nutritious cat foods and is no longer employed as the rats exterminator, so not sure how well that saying applies to cats today.

But the quote seems to apply to FX traders well, we don't see many successful/profitable traders giving lectures/seminars/workshops, at least not affordable ones to us.
Make your losses in demo. Earn your profits live.
  • #48
  • Nov 10, 2010 1:33pm Nov 10, 2010 1:33pm
Quoting kingfisher
Last week, I met one failed Forex trader who conducts TA and fundamental analysis seminars regarding trading around the globe and makes about half a million US dollars per year.

He has expanded his business using astute marketing agency services and branding himself as an expert experienced profitable trader.

The urge to make money out of delivering trading services is really huge. Even some of the turtle traders and former floor traders make money by writing books and giving seminars.

The crux of the matter- Learn trading. If you dont make...

Hi kingfisher..agreed fail/never trader wrote books and gave seminar, aint become rich in trading forex, its gave back 10 bucks at most after years of trading on 5000 investment.
  • #49
  • Nov 10, 2010 4:30pm Nov 10, 2010 4:30pm
Quoting alhadi_w
is forex at that easy friends .. so why there are all of these poor people looseing their money ...

one moment plz.. I have a question .. I'm wondering how many of you Forex traders live from what they earn from forex , I mean only from forex do not depends on any thing else ? plz reply
How many people make a living from playing golf or tennis professionally?

How many have the capital required - my guess at least 100K

Anyone can open a forex account, deposit $500 and call themselves an fx trader. Is it any wonder that 95% fail?
  • #50
  • Nov 16, 2010 8:58am Nov 16, 2010 8:58am
Quoting swano
so if the price goes up ? you go up with it ? buy

if the price goes down you go down with it ? sell


what are your thoughts on this ?

is it that easy ......... lol

50% Chance that price goes against your bet, combined with Spread/Slippage/News/Delayed Execution etc, 50% goes to >50% and on long run this starts reducing account consistently to 0.
  • #51
  • Dec 5, 2010 3:32am Dec 5, 2010 3:32am
Quoting CartB4Horse
50% Chance that price goes against your bet, combined with Spread/Slippage/News/Delayed Execution etc, 50% goes to >50% and on long run this starts reducing account consistently to 0.
you only consider the win/loss ratio. What you also have to consider is the Risk:reward.
And by the way the market is not perfectly random, thus your 50% chances are wrong. The market is a lot of times "tending" to one side.
  • #52
  • Dec 12, 2010 5:01am Dec 12, 2010 5:01am
Quoting swano
so if the price goes up ? you go up with it ? buy

if the price goes down you go down with it ? sell what are your thoughts on this ? is it that easy ......... lol
You need many years of forex experience and understanding how the markets work so that you can earn good money from forex. 80% of forex traders lose money while trading.
  • #53
  • Jan 12, 2011 6:27pm Jan 12, 2011 6:27pm
alright guys. i'm now accepting mentors. I have $9 000 CAD to play with as bankroll capital and i've been fooling around with ademo Forex platforms and i think investing iis lame.
  • #54
  • Last Post: Jan 12, 2011 6:52pm Jan 12, 2011 6:52pm
Quoting capnn
alright guys. i'm now accepting mentors. I have $9 000 CAD to play with as bankroll capital and i've been fooling around with ademo Forex platforms and i think investing iis lame.
Check out babypips.com, acquire basic knowledge of the markets, come back and test out some trading systems that might work for you.

Nobody is going to spoon feed you information that you can easily find with a couple Google searches.
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