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  • #21
  • Aug 3, 2012 2:33am Aug 3, 2012 2:33am
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...
Very well said. What ever happened to the saying "results may vary"? Someone can show you a statement for the past 8 months. In which every month they have posted profits of 5%. Yet if you end up this person, and you lose even 2%. You then call that person a scammer. I for one follow no one. Yet I have learned a great deal from the questions asked on forums. This week alone, I earned over 800%. Next week I could very well lose it all. So to counter that, you withdraw all profit, and try to repeat.
  • #22
  • Aug 3, 2012 2:53am Aug 3, 2012 2:53am
Quoting trickshady
Hello guys! This is a pretty simple thread. How much do you make per year from forex trading only?
Isn't this like going up to a complete stranger in the street and asking to see their pay cheque?

I don't know about you but if someone did that to me the response would not be over friendly.

Even if you did get a response, what would you learn from it? You don't know if you are asking the Office Junior or the CEO.

In trading terms there are just too many variables that affect the outcome starting with account size.
Too tired to argue. Too old to care.
  • #23
  • Aug 3, 2012 4:02am Aug 3, 2012 4:02am
Quoting Custos
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...


The issue is simple, why are traders so emotional ? makes me laugh , its all about emotion , anger etc etc . whatever it is , that's trading , whoever started this knew that human nature is vulnerable when it comes to money and no matter their skillls , nothing beats the inner person .Its is those few who manage that aspect that make it.For you to make it , you must be exceptional not in reading the market or charts , coz that's pretty easy , but in managing emotions , that's it really , its all about emotion.
Plus ever noticed something? the market seems to speak to you when you are trading , and worse so when you are not .It seems to directly address all your thoughts , eg .If trading 4 pairs , you enter only one , the other ones move in your direction but your one doesn't , or even moves against you.sometimes its more like when in a traffic jam and all the other lanes seem to be moving but your is not , when you switch lanes , it suddenly stops and your previous lane starts moving too fast, if you switch again , the same thing happens -- it's a roller coaster
  • #24
  • Aug 3, 2012 4:08am Aug 3, 2012 4:08am
Quoting tafadzwa02


The issue is simple, why are traders so emotional ? makes me laugh , its all about emotion , anger etc etc . whatever it is , that's trading , whoever started this knew that human nature is vulnerable when it comes to money and no matter their skillls , nothing beats the inner person .Its is those few who manage that aspect that make it.For you to make it , you must be exceptional not in reading the market or charts , coz that's pretty easy , but in managing emotions , that's it really , its all about emotion.
Plus ever noticed something?...
from my point of view these things are just true for pure amateurs. When you trade you just have to function. Like an elite soldier turns off his fear when attacking enemies or a doctor is turning off his emotions when operating a patient. Of course they had years of training until they could become emotionless machines.
Seems like everywhere are pure professionals who learned to turn off their emotions when it comes to their work, except in trading. There everybody is whining the crap out of it. Or you guys are all amateurs. I personally don't understand these issues. I had these problems in my first year. From then on my emotions have been completely left out of this trading business.

But anyways, whine all you want, if you can't turn off your emotions, then you are in the wrong field.
  • #25
  • Aug 3, 2012 4:25am Aug 3, 2012 4:25am
if i don't have success it does not imply that it can't be done. that means that i am much more stupid then those who have success.
  • #26
  • Aug 3, 2012 4:33am Aug 3, 2012 4:33am
Quoting Custos
from my point of view these things are just true for pure amateurs. When you trade you just have to function. Like an elite soldier turns off his fear when attacking enemies or a doctor is turning off his emotions when operating a patient. Of course they had years of training until they could become emotionless machines.
Seems like everywhere are pure professionals who learned to turn off their emotions when it comes to their work, except in trading. There everybody is whining the crap out of it. Or you guys are all amateurs. I personally don't...
Good post and I fully agree.
  • #27
  • Aug 3, 2012 4:49am Aug 3, 2012 4:49am
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 are one person between the 7 billion plus people alive right now. Your opinion is appreciate but absolutely not correct.

There is an average of $3.7 trillion daily turnover in global foreign exchange market that means that the above amount is changing hands every single day.

Someone should be 'really smart guy' to believe that all of this trillions end up to thin air and no traders win!

I am trading forex since 2001, started real trading since 2005, have lost more than $12,000, was trading micro lots for 0,10 per pip for many years as I knew I will lose it all, till I become a winner, it took me about 11 years but now I am here.

I had one winning day out of 4 - 5 six losing days, just in one day I lost $750 from my hard earned money and put down my head in my office crying and crying.

Some days was watching the market for about 10 hours non stop, was putting eye drops in my red eyes to comfort them from screen expose.

Forex was the only way for me to make a living as I just can not work for a firm (too independent minded) and do really enjoy to be my own boss even with less money, but then this is my character and you can not be like me, also I can not be like you.

Do you have the time,energy and guts to sacrifice more than 10 years of your life to learn how to trade forex? I DID!

You can become a winner forex trader if you have the RIGHT INGREDIENTS and not because you want some EASY MONEY. It is not working like this.

If I tell you how I do it you will not do it, as nothing can be replaced from real life experience. It is like asking Pele to show you how to become the best football player of the world? Do you think is possible just by meeting Pele and asking him to share with you his success secrets to make it to the top?

Instead asking someone who is doing it, just PRACTICE PRACTICE PRACTICE by yourself!

My advice to everybody who wants to be a successful trader.

BE PREPARED TO LOSE ALL OF YOUR ACCOUNT MONEY AT LEAST 7 - 8 TIMES BEFORE YOU CAN CONSIDER YOURSELF IN THE GAME.

DO NOT GIVE UP

TRADE AS LITTLE AS POSSIBLE TILL YOU ARE A WINNER

LEARN FROM YOUR MISTAKES BECAUSE YOU WILL MAKE A LOT.

AND THE MOST IMPORTANT BELIEVE THAT YOU CAN DO IT!
  • #28
  • Aug 3, 2012 5:06am Aug 3, 2012 5:06am
Quoting forexguru
You are one person between the 7 billion plus people alive right now. Your opinion is appreciate but absolutely not correct.

There is an average of $3.7 trillion daily turnover in global foreign exchange market that means that the above amount is changing hands every single day.

Someone should be 'really smart guy' to believe that all of this trillions end up to thin air and no traders win!
Those sky scrapers that house your thousands of friendly-neighborood-brokers hard at work to get your money don't build themselves.
  • #29
  • Aug 3, 2012 5:56am Aug 3, 2012 5:56am
Quoting forexguru
Instead asking someone who is doing it, just PRACTICE PRACTICE PRACTICE by yourself!

My advice to everybody who wants to be a successful trader.

BE PREPARED TO LOSE ALL OF YOUR ACCOUNT MONEY AT LEAST 7 - 8 TIMES BEFORE YOU CAN CONSIDER YOURSELF IN THE GAME.

DO NOT GIVE UP

TRADE AS LITTLE AS POSSIBLE TILL YOU ARE A WINNER

LEARN FROM YOUR MISTAKES BECAUSE YOU WILL MAKE A LOT.

AND THE MOST IMPORTANT BELIEVE THAT YOU CAN DO IT!
Encouraging- I have zeroed my account a few times , Maybe I will be where you are soon , it's only been like 5 years for me and ALL that's left is just the emotion , everything else is taken care of ..I hope to say the same thing like you said in a yea's time.
Good Post
  • #30
  • Aug 3, 2012 6:00am Aug 3, 2012 6:00am
Quoting tafadzwa02
Encouraging- I have zeroed my account a few times , Maybe I will be where you are soon , it's only been like 5 years for me and ALL that's left is just the emotion , everything else is taken care of ..I hope to say the same thing like you said in a yea's time.
Good Post
Emotion is 80% of the game, they said.
  • #31
  • Aug 3, 2012 6:02am Aug 3, 2012 6:02am
Quoting duyk20
Emotion is 80% of the game, they said.
They? the aliens or the CIA?
  • #32
  • Aug 3, 2012 6:08am Aug 3, 2012 6:08am
All I can add to this whole ramble is that forex trading is the most profitable business on earth. But believe me it would take you about 8yrs of sweat and blood, it actually took me 10yrs to get to where i presently am.

I presently manage over $1.5million for a private HNW client and access the market via a major prime broker. and I would not even bother telling you how much i earn on average every month(performance fee) cause it'll be of no use to you, it would not make you a consistently profitable trader, itll only make you and constantly dream about .

concentrate first on mastering a currency pair and then stick to it. eat it, drink it, suck it, even screw it before going to bed. there's really little you can achieve in life without passion, develope yourself, every other thing will follow.
The only way not to think about money is to have a great deal of it
  • #33
  • Aug 3, 2012 6:10am Aug 3, 2012 6:10am
Quoting Custos
I personally don't understand these issues. I had these problems in my first year. From then on my emotions have been completely left out of this trading business.
Probably you are well-capitalized. Most are under-capitalisation, when it come to under-capitalisation, even with years with experience, there'll be still emotions here and there. Simply, the swing is too hard to take.

It's matter of facts for most trader, It doesn't mean everyone. Someone who can handle it fast, some never can.
  • #34
  • Aug 3, 2012 6:13am Aug 3, 2012 6:13am
Quoting Makavelli7
All I can add to this whole ramble is that forex trading is the most profitable business on earth. But believe me it would take you about 8yrs of sweat and blood, it actually took me 10yrs to get to where i presently am.

I presently manage over $1.5million for a private HNW client and access the market via a major prime broker. and I would not even bother telling you how much i earn on average every month(performance fee) cause it'll be of no use to you, it would not make you a consistently profitable trader, itll only make you and...
Not sure if you are genuine, but n00bs beware with this kind of statement.

Always ask yourself, if one are so good at it, they don't have to sell something or manage other people's money.
  • #35
  • Aug 3, 2012 6:30am Aug 3, 2012 6:30am
Quoting duyk20
Not sure if you are genuine, but n00bs beware with this kind of statement.

Always ask yourself, if one are so good at it, they don't have to sell something or manage other people's money.
Its either that you have a problem with the english language or youre too dumb to comprehend a simple example of it. I was just giving stupid newbies like you a simple advise, i re-read what i wrote and cant see anywhere where i actually peddled any fuck...g product. I trade my personal 6figure account and also manage for a client. presently i cant even handle any addittional account cause my hands are full. thinking of it, what kind of money does the average FF member trades??? $200, $1000, $2000 ..... give me a break Stup!!!
The only way not to think about money is to have a great deal of it
  • #36
  • Aug 3, 2012 6:41am Aug 3, 2012 6:41am
Just a little advise to you newbies in this game. its not a sprint but a very long and rough marathon. Sad to say, but forex trading is not for everyone, just like everyone cant be a pilot, a doctor, or an engineer. Just cause you have a dick dont mean you can be a pornstar!

Its easier to earn a doctorate degree in nuclear physics than to become consistently profitable and proficient in fx trading.This is a serious business and youll have to spend years of very hard work and a lot of personality alterations to have a unique edge
The only way not to think about money is to have a great deal of it
  • #37
  • Aug 3, 2012 6:50am Aug 3, 2012 6:50am
Quoting Makavelli7
Its either that you have a problem with the english language or youre too dumb to comprehend a simple example of it. I was just giving stupid newbies like you a simple advise, i re-read what i wrote and cant see anywhere where i actually peddled any fuck...g product. I trade my personal 6figure account and also manage for a client. presently i cant even handle any addittional account cause my hands are full. thinking of it, what kind of money does the average FF member trades??? $200, $1000, $2000 ..... give me a break Stup!!!
With your response. Goes your creditably as a fund manager. Your immature response would only allow a deaf person to want to invest with you. I am prepared to go back and forth with internet 'gurus' such as yourself. Yet GURUS earn profit without commission, in this social trading system. If a person is truly earning a living in forex. Then I believe they should be making withdrawals on a regular basis.
  • #38
  • Aug 3, 2012 7:00am Aug 3, 2012 7:00am
Quoting Makavelli7
All I can add to this whole ramble is that forex trading is the most profitable business on earth.
Actually I thought it was religion. =o)
  • #39
  • Aug 3, 2012 7:14am Aug 3, 2012 7:14am
Quoting Makavelli7
Its either that you have a problem with the english language or youre too dumb to comprehend a simple example of it. I was just giving stupid newbies like you a simple advise, i re-read what i wrote and cant see anywhere where i actually peddled any fuck...g product. I trade my personal 6figure account and also manage for a client. presently i cant even handle any addittional account cause my hands are full. thinking of it, what kind of money does the average FF member trades??? $200, $1000, $2000 ..... give me a break Stup!!!
Are you another 15 years old?

Oh, you are just a member for a good few months, probably enough time to find out that getting the n00b's money is easier than trading.
  • #40
  • Aug 3, 2012 7:17am Aug 3, 2012 7:17am
LOL..and out!
fokyou forexfactory
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