How much do you make? | Forex Factory

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How much do you make?

  • #1
  • First Post: Aug 2, 2012 3:55pm Aug 2, 2012 3:55pm
Hello guys! This is a pretty simple thread. How much do you make per year from forex trading only?
I'll give you a few options http://forums.babypips.com/images/smilies/yahoo/3.gif

negative
0 - 20 000
20 000 - 50 000
50 000 - 80 000
80 000 - 100 000
100 000+
(please state what currency your gains/losses are)

I just wanna see some statistics of how profitable forex actually is, that's all. My guess is that most make under 20 000 and negative.
  • #2
  • Aug 2, 2012 4:58pm Aug 2, 2012 4:58pm
Do real people actually make money through trading? I have not heard or seen anyone yet.Please just show me evidence , I am no longer sure about this trading business.
  • #3
  • Aug 2, 2012 5:02pm Aug 2, 2012 5:02pm
Quoting tafadzwa02
Do real people actually make money through trading? I have not heard or seen anyone yet.Please just show me evidence , I am no longer sure about this trading business.
hahaha .... No, only internet people in fantasyland make money and only people on this forum
Nothing worth having is easy.
  • #4
  • Aug 2, 2012 7:06pm Aug 2, 2012 7:06pm
Why is it that people can't just answer a simple question. If you are not net positive in your trading career as of yet, it's nothing to be ashamed of. But for the love of GOD stop with all the pessimism and negativity!

I'm not going to state in dollars how much I make but I am building an account on an average of 15-20% monthly US$.
Nothing is impossible, with a willing mind!
  • #5
  • Aug 2, 2012 7:49pm Aug 2, 2012 7:49pm
I make about 5% per month, Swing and Position trading. Not trying to make a living, but trying to retire really, really early.
  • #6
  • Aug 2, 2012 9:54pm Aug 2, 2012 9:54pm
Quoting tafadzwa02
Do real people actually make money through trading? I have not heard or seen anyone yet.Please just show me evidence , I am no longer sure about this trading business.

You nailed it.
Chance favors the prepared
  • #7
  • Aug 2, 2012 9:57pm Aug 2, 2012 9:57pm
Quoting JohnW
You nailed it.
Try this simple test. Before signing up with any of the many mentor/gurus out there claiming to be outragreously successful, ask for a monthly live account statement. You will hear tons of excuses as to why they won't show one to you. I have heard them all. Except, of course, for the truth - they can't consistently trade profitably.
Chance favors the prepared
  • #8
  • Aug 2, 2012 10:56pm Aug 2, 2012 10:56pm
first of all we aren't gurus or applying for a trading position in a hedge fund. So we have no reputation at stake. We have no obligation to give you anything.

We need to protect our own psychology. If by giving you our trade results we will end up messing our psychology - either by putting unwanted pressure on ourselves etc, then we should not reveal our statements.

Even if we do it does you no benefit other than believing we are credible. So what if we are credible? Does it help you make more money? I don't think so.

If you think we are cowards or shit pissholes because we dare not reveal out statements then continue to do so. Nobody cares. In the end people who can't make it will end up disappear.

No matter what you say some people are just not going to reveal their statements. The benefits of not revealing is far greater than revealing. Unless you can prove that by ME revealing my statement I can drastically improve MY trading, then I have no incentive to reveal it to you.
  • #9
  • Aug 2, 2012 11:47pm Aug 2, 2012 11:47pm
Quoting tafadzwa02
Do real people actually make money through trading? I have not heard or seen anyone yet.Please just show me evidence , I am no longer sure about this trading business.
I remember in my early forex days, being haunted by the possibility of jumping into a business that at the end of the day would be a scam.

You hear people talking a lot of how successful they are but hard proof is hard to find.

A few years later and after thousands of hours in front of the computer, I can say that it is possible to make decent money in this business.

I make anything from 8 to 10% per month out of 300 thousand, which pay my bills.

The problem with Forex (and trading in general) is that it is not scalable.

I can probably get the same percentage if my core capital grows to 500 or so, but after that my percentage will start to steady diminish because of many factors.
So, you think you have rights? LOL
  • #10
  • Aug 3, 2012 1:14am Aug 3, 2012 1:14am
about 10k in the hole....
  • #11
  • Aug 3, 2012 1:24am Aug 3, 2012 1:24am
Quoting thelws
first of all we aren't gurus or applying for a trading position in a hedge fund. So we have no reputation at stake. We have no obligation to give you anything.

We need to protect our own psychology. If by giving you our trade results we will end up messing our psychology - either by putting unwanted pressure on ourselves etc, then we should not reveal our statements.

Even if we do it does you no benefit other than believing we are credible. So what if we are credible? Does it help you make more money? I don't think so.

If you think we are cowards...
You are not making a sense.The question is simple , Do people make money or not , by revealing your statement , how does that change you system? I don't get it .My opinion is, one can make money up to a certain point and it;'s very easy to blow your account quite quickly , there is something about this market that always comes and destroys you.I have a good system that is quite profitable but when it comes to emotion , no matter how good you are , , the emotion will take over and kill your account .I have yet to see anyone on this FF who is really doing well and making consistent money .All explorers are showing very small profits , nothing that you can live on
  • #12
  • Aug 3, 2012 1:31am Aug 3, 2012 1:31am
Quoting tafadzwa02
You are not making a sense.The question is simple , Do people make money or not , by revealing your statement , how does that change you system? I don't get it .My opinion is, one can make money up to a certain point and it;'s very easy to blow your account quite quickly , there is something about this market that always comes and destroys you.I have a good system that is quite profitable but when it comes to emotion , no matter how good you are , , the emotion will take over and kill your account .I have yet to see anyone on this FF who is really...
What do you consider small profits?
  • #13
  • Aug 3, 2012 1:38am Aug 3, 2012 1:38am
Quoting tafadzwa02
Do real people actually make money through trading? I have not heard or seen anyone yet.Please just show me evidence , I am no longer sure about this trading business.
the most famous ones with real track records are paul tudor jones, the recently retired george soros & victor sperandeo.

They have published track records and they are real traders. However they are not just trading price charts as most are doing here.

But yeah, I think that 99% here are fakers or liars.
  • #14
  • Aug 3, 2012 1:51am Aug 3, 2012 1:51am
It's rather obvious that no one makes any money in forex (except for brokers and skimmy scammers of course).
Picture it as a big wheel turning up in profit for some period and down again. Money made today is lost tomorrow. Depends on the time frame. No one makes money in forex long term. Those people perceived as poster boys of trading success made it to the all-of-fame for entirely different reasons, i.e. very little trading, lots of OPM.
  • #15
  • Aug 3, 2012 1:53am Aug 3, 2012 1:53am
Quoting Mingary
It's rather obvious that no one makes any money in forex (except for brokers and skimmy scammers of course).
Picture it as a big wheel turning up in profit for some period and down again. Money made today is lost tomorrow. Depends on the time frame. No one makes money in forex long term. Those people perceived as poster boys of trading success made it to the all-of-fame for entirely different reasons, i.e. very little trading, lots of OPM.
so why are trading then?And why is is we are all losers? as for me , its more like my emotions get over me but my strategy really works .
  • #16
  • Aug 3, 2012 1:55am Aug 3, 2012 1:55am
Negative.
  • #17
  • Aug 3, 2012 1:57am Aug 3, 2012 1:57am
Quoting tafadzwa02
so why are trading then?And why is is we are all losers? as for me , its more like my emotions get over me but my strategy really works .
actually it's more likely that the strategy you use doesn't work in the long-term.
  • #18
  • Aug 3, 2012 2:08am Aug 3, 2012 2:08am
Quoting tafadzwa02
so why are trading then?And why is is we are all losers? as for me , its more like my emotions get over me but my strategy really works .
Best to treat this project like a game or a hobby and nothing serious, rather than to realize too late that it has become a curse and an addiction.
  • #19
  • Aug 3, 2012 2:19am Aug 3, 2012 2:19am
@tadfaz

The reason is because putting up a statement means you are held liable for your actions to the public.

For example if I put up a statement, suddenly I become very famous or become very idiotic depending on whether im making money or not. This is unwanted pressure to my psychology. It definitely won't make me trade better. So why do it?

If you say people don't care whether or not i'm good or bad, then why bother asking for a statement?

It is difficult enough to keep a stable mind for trading, I don't need additional pressure to "perform". Asking for a statement satisfies YOUR desire. It doesn't satisfy mine.

I'll cut you a deal. If you bank in 10k usd into my account, I'll show you my statement. Wanna?
  • #20
  • Aug 3, 2012 2:32am Aug 3, 2012 2:32am
Quoting thelws
@tadfaz

The reason is because putting up a statement means you are held liable for your actions to the public.

For example if I put up a statement, suddenly I become very famous or become very idiotic depending on whether im making money or not. This is unwanted pressure to my psychology. It definitely won't make me trade better. So why do it?

If you say people don't care whether or not i'm good or bad, then why bother asking for a statement?

It is difficult enough to keep a stable mind for trading, I don't need additional pressure to "perform"....
haha, I must say such whiny arguments I've really only come across in the trading field.
In any normal business or in sports anybody will boast about their performances, how good they are, how fast they are,...
Not so in the trading field, here we get all sensitive and are afraid to hurt our emotional balance and add additional pressure.
What a load of crap.
I come from a professional services background (auditing & consulting financial services firms) and all I've ever seen are people that are full in pressure and strive through that pressure and in the end are becoming pretty arrogant people. No caressing of the emotions.
God, if everybody had so many emotional issues I think no profitable business in the world would exist.
Anyways, disclosing one's trading performance has no benefit except that of boasting or gaining clients or a good reputation. I think most traders who trade for themselves don't need all of that. Again, if you want to see statements, go to some funds webpage. There you can see performances of traders (operating with other people's money).
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