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  • #571,301
  • Dec 7, 2011 1:45pm Dec 7, 2011 1:45pm
Quoting eliabreu
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.
trade aggressive can make you rich fast but it cannot always work.. especially i dont think any big banks/investment firms hire aggressive traders who use high leverage. plus you can do that with your 100 dollars account is because the money is small, same as the winner in his demo trading, he may not even brave enough to trade when he has his real account. and as you mentioned you dont trade same way with your principal account because you know the risk with high leverage trading is also high, therefore you dont want to lose more money on your principal account.
  • #571,302
  • Dec 7, 2011 1:46pm Dec 7, 2011 1:46pm
Quoting Geppy
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...
Good story, thanks for sharing!
  • #571,303
  • Dec 7, 2011 1:49pm Dec 7, 2011 1:49pm
Quoting Tom_D_Trader
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
There ARE experienced traders here. That's what the muppets don't understand. They pollute this thread with baseless trade calls, questions better suited for the beginners' threads, etc. and drown out the guys that are contributing. For the ones that still try (like Cloggie), their posts and nuggets generally get buried in the noise. I can also guarantee that there are others that are very experience and would provide value, but choose to just lurk because of the ridiculousness this thread has become.

Again, if the n00bs stayed quiet more often than not, this thread would be a completely different animal. If you want to improve it, start silencing the useless muppet posts.
check out my blog: forexmademillionaire dot com
  • #571,304
  • Dec 7, 2011 1:50pm Dec 7, 2011 1:50pm
Quoting Alexone
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...
1. Bernie Madoff

2. Wayne Jacko
The Thief of Wall Street
  • #571,305
  • Dec 7, 2011 1:51pm Dec 7, 2011 1:51pm
Quoting whatfx
ok folks. iam back.

is anyone looking for a big downmove ?
Not really looking for anything. Just seeing what she's up to. Nice wee bounce off yesterday's high... got in late but it's blown thro 1.34 now.
  • #571,306
  • Dec 7, 2011 1:51pm Dec 7, 2011 1:51pm
Quoting Alexone
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, 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!
that is right, you can trade full size in when you have 100 dollars because you dont really care about lose 100 dolalrs or no, not to say 100 million, which is large enough that you can have a super good life without working, just say a resonable money like 10,000 dollars, i dont even think people trade full size in with 10,000 dollars and if you are talking about they trun couple hundred dollars and then withdraw it, and then trun couple hundrend dollars again, it could be possible, but not working with large account as you said the pressure to lose the large account. however, i believe trade with small capital and proper risk with mid-term/long-term trade is a sustionable way to grwo up in the forex market. i would like to see how those high leverge trader can do after 20 years.. i am not feeling shame when people laugh at me to trade 0.02 or 0.03 lots because i am looking for a long-term to sruvive in the market and i have a job can give me and my family a suitable life so i have no pressure to earn money fast in forex at all.
  • #571,307
  • Dec 7, 2011 1:52pm Dec 7, 2011 1:52pm
Quoting Tom_D_Trader
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
yes, indeed I saw you where having a good laugh, and well that's something for sure, I have had some great laughs in here myself..

I have noted some of your FA posts, but I am not your man I'm afraid, not because I dont see any value in FA, but I am quite poor at it on balance. Sisse is your man, he's one of the best on the site, and the fact that he combines both together is even more impressive.
Look Sharp/Trade Tight
  • #571,308
  • Dec 7, 2011 1:52pm Dec 7, 2011 1:52pm
I'm scaling into longs at 1.3390

reason: it's the 50% fibo retracement of today's move up and I think there is more wood to chop north-bound.

Key word here kids is "scaling". This is not a full position and I'll add more if we continue to go down, particularly at the 61.8% fibo around 1.3379 and see how she reacts there. Obviously, I'd bail if I felt last night's lows were in danger.


See? That's how you post shit kidos. If you can't back up your trade calls, then STFU so others can learn shit.
check out my blog: forexmademillionaire dot com
  • #571,309
  • Edited Dec 8, 2011 3:03am Dec 7, 2011 1:53pm | Edited Dec 8, 2011 3:03am
Quoting Geppy
There ARE experienced traders here...
Ok I know they are here. But they are so few in numbers against muppets, that in fact they are not. I listen very closely to Cloggie, fontu Chicky or pkimnyc, but thats just it. Dunno if I missed someone. Fool or sisse contribute here once per fourteen days. And Magix wasnt here for a month.

T
"I know one thing, that I know nothing." Sokrates
  • #571,310
  • Dec 7, 2011 1:54pm Dec 7, 2011 1:54pm
Geppy, thanks a lot for your answer and time. your story is inspiring. i think it is a dream of every newbie to be where you are now. i am new to forex too, my second month, and trying to learn smth here from guys like you.
As Above, So Below
  • #571,311
  • Dec 7, 2011 1:54pm Dec 7, 2011 1:54pm
Quoting Chicky
1. Bernie Madoff

2. Wayne Jacko
lol, i just talked to this rich smart bastard with my supervisor during our chirstmas party today.
  • #571,312
  • Dec 7, 2011 1:56pm Dec 7, 2011 1:56pm
Quoting Yuchen
trade aggressive can make you rich fast but it cannot always work.. especially i dont think any big banks/investment firms hire aggressive traders who use high leverage. plus you can do that with your 100 dollars account is because the money is small, same as the winner in his demo trading, he may not even brave enough to trade when he has his real account. and as you mentioned you dont trade same way with your principal account because you know the risk with high leverage trading is also high, therefore you dont want to lose more money on your...
insane leverage can make millions but is not consistent. I try to find metods but always fail...
today I try to trade with the better of 2 worlds: high leverage and risk managment but is hard to find equilibrium point...
  • #571,313
  • Dec 7, 2011 1:57pm Dec 7, 2011 1:57pm
Yes, a nice slide down. Exceeded my daily 2%. Got a 5% which is nice every so often.

Not sure what move to make yet but there might be a strong long forming--clueless really. Wait and see.
Taigen Profit This Month: na
  • #571,314
  • Dec 7, 2011 1:57pm Dec 7, 2011 1:57pm
Quoting PayTheLimit
.... Sisse is your man, he's one of the best on the site, and the fact that he combines both together is even more impressive.
I value Sisse very much. He is very kind and I consider him my mentor. We have already discussed several topics and he always inspired me. In fact, he, together with Fool, PipTrapper and cloggie managed to give me information overflow 14 days ago, so I had to have a break for a week to chew it all.

T
"I know one thing, that I know nothing." Sokrates
  • #571,315
  • Dec 7, 2011 1:57pm Dec 7, 2011 1:57pm
Quoting 21vs7
Landan finishing the day, what have our friends over there to offer?

I have 1,3409 now an 1,3426 to decide.

Down, as before 1,3366 first and then 1,3333.

Im gonna play "the end" of the world perhaps with tight SLs...but it is end of a year, so maybe some funny time with my dear. Ill see what they will offer me
Both ladies happy and satisfied here.
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  • #571,316
  • Dec 7, 2011 1:57pm Dec 7, 2011 1:57pm
Quoting Chicky
1. Bernie Madoff

2. Wayne Jacko
seriouslly ...miss u a lot...
If there was easy money lying around,no one would be forcing it into your
  • #571,317
  • Dec 7, 2011 1:59pm Dec 7, 2011 1:59pm
Quoting Chicky

2. Wayne Jacko
Jacko? The scammer who ran away with all the money from the ppl? I checked his profile again to be sure, i thought his name looked familiar. How do u know he earns that? Seems he made nuff to move in China tho.
  • #571,318
  • Dec 7, 2011 2:01pm Dec 7, 2011 2:01pm
What r u waiting for guys
1 million start from 1 cent,,,drunk drink drank
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If there was easy money lying around,no one would be forcing it into your
  • #571,319
  • Dec 7, 2011 2:02pm Dec 7, 2011 2:02pm
Quoting DaveUK
Not really looking for anything. Just seeing what she's up to. Nice wee bounce off yesterday's high... got in late but it's blown thro 1.34 now.
i grabbed myself 10 pips on the downside !
  • #571,320
  • Dec 7, 2011 2:04pm Dec 7, 2011 2:04pm
Quoting Geppy
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,...
This was a good reading rarely to be found on this thread...

..thanks for sharing.
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