EURUSD

Is there any1 on this forum who makes less than 100% per month? Funny how ppl were amazed at some guys making 300%/year. F that!

that is really fantastic!
how long do you trade and how long with success? how about your average lot size?

so is pig riding...

Yep. Local Anthem

Yea. Trains self control. Very healthy.

T

last month I make 135% but sometimes i loose but I trade veryyy agressive and sometimes loose 25% in a week...

Well I am aiming for 25% per year. Pretty sufficient for start. And dont trust em.

T

What happened to me................

yes, i made 33% in the last 5 months so around 6% per month. i think you can make 300% per year if you are lucky, but i think it is amazing if someone can make 300% per year and keep that by the next 20 years. and i dont really think people who can make 100% per month can continue to do that every year, if they make 100% per month, they invest 1000 dollars and after a year, they would have more than 4 million dollars, do you really believe that?

Dunno, never seen you smiling at me. Maybe you hit jackpot today. In fact I thought I was on ignore.

T

To some of the forumers is devoted

Oh Lord it's hard to be humble
when you're perfect in every way,
I can't wait to look in the mirror
cause I get better looking each day
To know me is to love me
I must be a hell of a man.
Oh Lord it's hard to be humble
but I'm doing the best that I can.
I guess you could say I'm a loner,
a cowboy outlaw tough and proud.
I could have lots of friends if I want to
but then I wouldn't stand out from the crowd.
Some folks say that I'm egotistical.
Hell, I don't even know what that means.
I guess it has something to do with the way
that I fill out my skin tight blue jeans.
Mac Davis

ok folks. iam back.

is anyone looking for a big downmove ?

Started as a hobby back in early 2005 senior year in college. I didn't know much about FX, but I did know about technicals. Still, I didn't see much success. I stopped trading for awhile and learned pretty much everything... read an introductory book on FX and learned about fibos, did some online research to understand fundamentals and what effects the greater macro trends, etc.

Disclaimer: I already knew a lot about chart reading and candlesticks. Although my dad is not a trader, or one who knows anything about technicals for that matter, for whatever reason he had Steve Nielson's candlestick charting book laying around the house (it's huge). He always preached investing to me, so my interest in financial markets was always there. I think I read that book for the first time around age 10. I digress.

I never used a demo account. I got back into trading after I felt I had a better grasp for the markets. I turned $5k into $20k in about a month and a half. At the same time, I was interviewing for a trading position at a hedge fund (at this time, I was crazy about trading and knew I wanted to eventually do it for a living). There were thousands of candidates for just 3 positions and the first interview was a 15 minute math/logic test in an auditorium with 300 other people... they were running 2 of these sessions every day for a week. I passed, or something, and got the real interview, and eventually the job. However, I proceeded to blow up my personal trading account.

I had an amazing understanding and feel for the market, but my money management was absolutely wretched. I had a high propensity to get cocky when I was on a roll and started finding that I'd be thinking in absolutes rather than possibilities: "the market has to go down, I know it will!". Adding to losers and doubling down is a dangerous game and I was one of the worst offenders.

For whatever reason, I refused to give up. I blew up another account, or two, or 3... I really don't remember. I still thought I could do it. I started resenting my job at the hedge fun (I was on the FX desk too) and finally convinced a colleague to quit with me and try our hand trading full-time. We had some coin saved from previous bonuses and decided to give ourselves 6 months. If it didn't work out, I'd be moving back out to California and he to wherever.

It didn't work out. I didn't lose much money then, but I didn't make much either. Perhaps this was progress, but I had a girlfriend in CA that I had made promises to and enough was enough.

I got a real job... a real shitty, boring, make-me-wanna-kill-myself-corporate job. I didn't trade for a good while.

Finally, I started picking it back up again with just a few thousand dollar account. I think the thing I recognized most at this point was not to be stubborn. Take what the market is handing you and listen to your gut. If you're well into profit and you feel like it might reverse on you... grab it! There's always another setup, another day, another news release, etc. 50-100 pips here and there adds up fast and it's a lot more pleasing mentally than being able to fight the ups and downs of grabbing 300-500 pips (as I used to do). I'm sure there are other realizations I had in there somewhere, but eventually it just clicked... the money management aspect that is. The rest I never really had problems with. I trade relatively naked charts and I keep things very simple.

I said goodbye to my corporate job awhile ago and never looked back. Trading has gotten a little bit boring so I started another side project company to keep me entertained during the boring parts. It's interesting and starting to bring in revenue of its own.

So, to answer your question... I've been trading for about 7 years come the new year.

I can tell you, with 100% certainty, that someone is.

Yes, thats where I got my start in pig riding, I'm not an expert, but I have been doing it for 19yrs. You see every time you get on a pig, its a different ride, you can never master it really. Sometimes he lets you ride him for a long time, other times he throws you right off, and sometimes he throws you off and tries to bite your balls off. But its part of the sport, and its not for everyone.

I used to hang my hat in this thread a while back, but I moved on the the Useless thread. It got a little old in here, all the bickering and gloating. I did my fair share too, no doubt, after all, I'm quite a bastard. But the thread is too big at times in my view. I mean if you have 2-300 people posting, its difficult to keep up. At any rate, I pop my head in from time to time to see whats up.

All is possible.
In a forex championship last year, the winner make 10.000 in a million in 1 month. (demo account)
few weeks ago i open a real account with U$100,00 only for play with insane leverage and believe or not in 5 days I turn 100 in 1.000 tranding with no fear of blowup my account. In the 6º day I blowup my account...
I dont have balls to trade like that with my principal account but I try to be very agressive always. It's my style.

show some love bro then you would complete soon...amen

Bloody inspirational mate!

Very nice numbers....

-fighter

As you very well know, there is nothing to keep up with here. But hell it is fun. I have been actually crying from laughing three hours in a row today.

But if there were more experienced traders here, only for a while, sometimes, maybe it could be actually usefull here. I dont see it very possible, when I trade I am on EurAnalysis thread, but why not give it a shot heh? I sometimes try to start fundamental discussion here, but it is only luck when someone responds.

T

Maybe, maybe, MAYBE, (did i say maybe), there are couple of people on the forexfactory who can really sustain 100%/month. I cant argue with that. A whole bunch of them? Lol no frickin way! I think 300%/year is sustainable. And a good trader can achieve that every year (this doesnt mean i think making 300% / year is easy just doable), if that trader has under 100 million that is. I mean its easy to turn 2k into 6-8k after a year. But to turn 100 million into 300mill is harder. Why? Because the pure pressure from having all that money at risk can single handedly destroy u!