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Why is this unrealistic? Or is it?

  • #41
  • Apr 12, 2011 7:22pm Apr 12, 2011 7:22pm
My question is why wouldnt he, given that many people on forexfactory seem to make ten percent a month, that rate of return doesnt seem all that unusual and why would someone put together a live trade room to attract subscribers regularly if they dont even know how to trade better than the people at forex factory?
Anyway he states on the website that he does it because trading is otherwise a lonely endeavour, therefore he teaches while he trades.
  • #42
  • Apr 12, 2011 8:28pm Apr 12, 2011 8:28pm
Quoting dice action
My question is why wouldnt he, given that many people on forexfactory seem to make ten percent a month, that rate of return doesnt seem all that unusual and why would someone put together a live trade room to attract subscribers regularly if they dont even know how to trade better than the people at forex factory?
Anyway he states on the website that he does it because trading is otherwise a lonely endeavour, therefore he teaches while he trades.
Here you must split them by two. First are traders who trading for a living (which means they use they own money, trade their own money, and make a living from their trading result for their own life)

Second are traders who must trade (which means they just some company employee "forced" to trade, they will trade like crazy because they don't have enough responsibility about their own life with their trading result, they live by their salary, so why take a headache thinking about loss, this typical trader much likely a gambler)

First group, trading just like they build their own business, they are like entrepreneur businessman. They know how realistic their edge, maintain their account balance, limit the risk so they can not get wiped out with some striking loss.

Second group are the "fake" gurus, advertise their company website, swarming forum with unrealistic thing to get as much herd as possible, posting their trading result (the fantastic one of course) and never reveal the truth when they have loosing strike and wiped out their clients money.
  • #43
  • Apr 12, 2011 8:40pm Apr 12, 2011 8:40pm
Quoting Assassin
Here you must split them by two. First are traders who trading for a living (which means they use they own money, trade their own money, and make a living from their trading result for their own life)

Second are traders who must trade (which means they just some company employee "forced" to trade, they will trade like crazy because they don't have enough responsibility about their own life with their trading result, they live by their salary, so why take a headache thinking about loss, this typical trader much likely a gambler)

First group,...

i like your signature
  • #44
  • Last Post: Apr 12, 2011 8:46pm Apr 12, 2011 8:46pm
Quoting dice action
I am struggling with a philosophical issue:
How come not all forex traders are rich?

Here is the thing I dont get:

Even if you havent figured out how to be profitable on your own, or even if you are pretty much clueless I am assuming the following is true, and PLEASE tell me if I am wrong on this:

Is it not true that anyone could simply join some gurus trading room and make at least 200 percent a year - roughly 10 percent per month compounded - by merely following the trade calls in said live room, day in day out? Boring stuff

IF this is...

i read some where written:

"money talks bullshit walks"
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