Name just ONE successful forex trader... | Page 5 | Forex Factory

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Name just ONE successful forex trader...

  • #81
  • Jan 9, 2011 7:37am Jan 9, 2011 7:37am
another smart quote from the fool


Fools Rush In What?
but only if the noobs knew that they are the bread and butter of todays market proffesionals and marketmakers,who move the market,so then ur stops can get hit and shake u out of their way!
  • #82
  • Dec 14, 2011 8:55am Dec 14, 2011 8:55am
i can do better than all these guys...........this thread motivate me to open my own hedge fund in future
I have past history of statements to justify what i say.
  • #83
  • Dec 14, 2011 9:07am Dec 14, 2011 9:07am
i will be the next successful forex trader that will make 500,000% in 2 years
I have past history of statements to justify what i say.
  • #84
  • Dec 14, 2011 9:25am Dec 14, 2011 9:25am
Jason Alan Jankovsky. Really really helped me lots after reading his books.
  • #85
  • Dec 19, 2011 1:29am Dec 19, 2011 1:29am
Quoting tdion
Okay, let's get Soros out of the way at the start. He had $12 billion in the market when he made his forex billion, so he just doesn't count.

Let's name fund managers that trade currency exclusively....
Soros never did it through forex. He did it through futures contracts. Big difference, he never traded forex.

You can't include Soros as a forex trader. He was a currency trader through futures contracts.
  • #86
  • Dec 19, 2011 6:30am Dec 19, 2011 6:30am
Quoting eu_trader
i can do better than all these guys...........this thread motivate me to open my own hedge fund in future
They don't have Demo Hedge Fund accounts.

Made your Mega Billions yet.



Figures you post on a thread with so many Multiple Usernames / Infractions Overload violations.
  • #87
  • Dec 19, 2011 8:49am Dec 19, 2011 8:49am
Quoting SunTrader
They don't have Demo Hedge Fund accounts.

Made your Mega Billions yet.



Figures you post on a thread with so many Multiple Usernames / Infractions Overload violations.
I think that the problem is that too many people try to overtrade the Forex market. That will kill you. I know plenty of people that make money at it but aren't crazy traders.
  • #88
  • Dec 23, 2011 8:45pm Dec 23, 2011 8:45pm
Quoting erock
Soros never did it through forex. He did it through futures contracts. Big difference, he never traded forex.

You can't include Soros as a forex trader. He was a currency trader through futures contracts.
Firstly FX futures are still Forex. Secondly I can tell you he and the rest of the portfolio managers around there at SFM traded cash fx markets through the banks.
  • #89
  • Dec 24, 2011 12:21am Dec 24, 2011 12:21am
Forex is like a Casino they will be winners and losers, the players are the real traders, the winners are few and the majority will be losers and the owners will be the real winners which in case of Forex are the marketeers and all the big funds institutions. No matter how good you are as a trader or as a poker player you'll not be a winner every time, let say in a championship.
You cannot point out one poker player that will win year after year World Poker Challenge.
The fact is that both systems are based on random events that, makes them unpredictable, addictive, unbeatable and generating steady incomes for the operators and owners.
The funds managers are not traders they are operators of Forex thus they don't qualify as "successful traders"

A "successful trader" I would consider someone that will start a live account with $50.00(fifty) dollars and build it to $1,000.00 or more in no longer than 6 mo. using manual trading and the current US trading standards.
Any traders are willing to take this challenge beginning next year?

Marry Christmas to all the traders and many many green pips
  • #90
  • Dec 24, 2011 4:46am Dec 24, 2011 4:46am
Quoting tdion
Okay, let's get Soros out of the way at the start. He had $12 billion in the market when he made his forex billion, so he just doesn't count.

Let's name fund managers that trade currency exclusively....

There are plenty of us in the market each day.

We don't all have our names in the news each week and most of us would rather fly under the radar anyway to a large extent. Some of us, however, actually enjoy helping other novice traders get beyond the point of Newbie results.

I would give my name, but that would violate my code of silence.

Seriously, there are plenty of successful traders all over the place - literally. Some work on the floor, some work from a high-rise building, some work from a basement, some work from home, and some work on the move using mobile devices. Heck, some even work from private 150+ ft yachts.

Become a successful trader is doable. The question is: does the person have what it takes to put in the hard work in order to make it happen?

That's always been the question and it will always be the question, relative to who can and who cannot be successful in this business.
  • #91
  • Dec 24, 2011 9:49am Dec 24, 2011 9:49am
Quoting VegasFx
A "successful trader" I would consider someone that will start a live account with $50.00(fifty) dollars and build it to $1,000.00 or more in no longer than 6 mo. using manual trading and the current US trading standards.
Any traders are willing to take this challenge beginning next year?

Marry Christmas to all the traders and many many green pips

LOL. I would rather fall on a sharp spoon.

IMHO, a successful trader is one that makes more than he/she loses. There-in lies the catch. Success definition appears to NOT be a one size fits all definition.
  • #92
  • Dec 25, 2011 12:02pm Dec 25, 2011 12:02pm
sometimes this forums can be so disheartening,you get the feeling that trading profitably is impossible.Jesse Livermore apparently recorded and studied prices for only six months and at 15 yrs made $1000 from a few pennies trading only at lunchtime.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #93
  • Dec 25, 2011 1:12pm Dec 25, 2011 1:12pm
Jesse Livermore killed himself so he is not successfull, i mean there is no need of his money for him....

Regarding successful traders, I would say they are traders who make a living ONLY by trading.
I am the one and only profitable forex trader, but not the only one
  • #94
  • Dec 25, 2011 1:49pm Dec 25, 2011 1:49pm
How can one be successful in market which can be changed at any given time and by any given event which you dont have any control of ? the answer is risk management.but in a market like forex only the banks and the likes of market makers can be successful in terms if they make money from spread,and consistent flow of clients.But when you come in with leverage and goals to be consistent or profitable its pure gamble.
  • #95
  • Dec 25, 2011 1:59pm Dec 25, 2011 1:59pm
kostas1 from our own forum
  • #96
  • Jan 6, 2012 6:33am Jan 6, 2012 6:33am
Quoting pip_seeker
LOL. I would rather fall on a sharp spoon.

IMHO, a successful trader is one that makes more than he/she loses. There-in lies the catch. Success definition appears to NOT be a one size fits all definition.
Someone put a question before: if you make a penny over then you are a successful trader? I think my challenge still stands if you want to prove yourself or to others, and I bet if you are able to do it you'll end up with a very good job or make lots of money for yourself. All it takes is $50.00 and 6 mo. of hard work.
  • #97
  • Jan 6, 2012 6:54am Jan 6, 2012 6:54am
Before you can measure something you need to define "how" you will measure it. In this case I would believe a set of quantitative parameter would do, i.e yearly return, max drawdown etc etc.

To me a successful trader would be someone who pulls out > avg monthly/yearly income based on trading (return on investment or capital management fees) year after year.
Measure twice, cut once
  • #98
  • Jan 6, 2012 7:54am Jan 6, 2012 7:54am
Dennis Gartman
  • #99
  • Nov 19, 2012 5:06am Nov 19, 2012 5:06am
Success in this business is a simple thought process.

Think in probabilities.

Forget winning every trade or getting hung up on an individual one.

Think increasing long term expectancy.

Probabilities work on samples.

Have a decent enough of a sample to properly benefit from your edge.

An edge is just something that puts the odds in your favour.

The individual trade means nothing but the sample does.

Success in this business is no different than any other business.

The general myth for this business is 95% loose. Well no sh*t. Open a Pizza parlour and 95% of you will be unsuccessful as well. Duh^^^^^. There's nothing different in this business than with any other generic business as far as ability to turn a profit is concerned.
  • #100
  • Nov 19, 2012 8:36am Nov 19, 2012 8:36am
Quoting VegasFx
Someone put a question before: if you make a penny over then you are a successful trader? I think my challenge still stands if you want to prove yourself or to others, and I bet if you are able to do it you'll end up with a very good job or make lots of money for yourself. All it takes is $50.00 and 6 mo. of hard work.

If your hopes and ambitions are tied to a $50 net worth of risk capital I've got a title for your movie.

"3:10 to Disappointment"
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