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Name just ONE successful forex trader...

  • #101
  • Nov 19, 2012 8:50am Nov 19, 2012 8:50am
Quoting mike w
That's an excellent point SF. I wouldn't go so far as to call it Karma, but instead how much work you put into it.

As for Tdion's initial post, I quit school to trade full time and have been making profit ever since (more than what I would make with a job graduating out of college). I dont know if that could be called successful just yet in your opinion, but ask again in 5 to 10 years, when I've experienced just about everything. 3 years in a market is nothing yet.
I don't think time is as important as the % change your able to produce. Say a hedge fund has 1billion in capital. They then decide to only SHORT USD. To me INVESTING doesn't constitute being a Trader. I would rather trust my funds to someone who has TRADED 1% profit, then merely INVESTING to a 1% profit.
Here on forums we have seen many people claiming to have made boat loads of funds. Yet with lack of proof, of course one is to assume they are lying. Yet, you have some traders who POST their winnings, and have be consistent in doing so (several months) in which their % change beats the top traders in world combined times 10. Now my question is do you respect someone who can turn 1billion into 10billion in 10 years. Or someone who has turned 1k into 100k in 1 year?
  • #102
  • Nov 20, 2012 4:46am Nov 20, 2012 4:46am
Quoting AmberLynn
I don't think time is as important as the % change your able to produce. Say a hedge fund has 1billion in capital. They then decide to only SHORT USD. To me INVESTING doesn't constitute being a Trader. I would rather trust my funds to someone who has TRADED 1% profit, then merely INVESTING to a 1% profit.
Here on forums we have seen many people claiming to have made boat loads of funds. Yet with lack of proof, of course one is to assume they are lying. Yet, you have some traders who POST their winnings, and have be consistent in doing so (several...
Hey guys!

The original title of this thread is 'name one successful trader', so I decided to show you this: http://olesiafx.com/Kathy-Lien-Day-T...f-England.html Who could be most successful, than him? Everybody could copy his strategy What do you think?
  • #103
  • Nov 20, 2012 8:00am Nov 20, 2012 8:00am
Quoting AmberLynn
I don't think time is as important as the % change your able to produce. Say a hedge fund has 1billion in capital. They then decide to only SHORT USD. To me INVESTING doesn't constitute being a Trader. I would rather trust my funds to someone who has TRADED 1% profit, then merely INVESTING to a 1% profit.
Here on forums we have seen many people claiming to have made boat loads of funds. Yet with lack of proof, of course one is to assume they are lying. Yet, you have some traders who POST their winnings, and have be consistent in doing so (several...

People get hung up on the value of funds all to often. Does it matter as long as the account gains? The only way to start with a million or more is to inherit it from someone else, just having more money doesn't give you an edge, except longer staying power in regards to how much you risk on any one position. But if your method to make money is flawed, the flaw will be showcased in your returns sooner or later.

If 2008 taught us anything, it is that no matter how much money you have you can fail. TBTF is fodder for the governments to decide who is more important to the economy.
  • #104
  • Nov 20, 2012 2:36pm Nov 20, 2012 2:36pm
Guys, is Paulson still on top of the list ?
  • #105
  • Nov 21, 2012 4:36am Nov 21, 2012 4:36am
Here you go:

Quoting kaspopsicle
Who the fcuk are you?
Post some trades before i waste my time on you.
Nothing worth having is easy.
  • #106
  • Edited 10:58am Aug 18, 2013 9:58am | Edited 10:58am
I will be number one within few years for sure because I have the number one strategy.
It took about 3 years of research to get the best system
  • #107
  • Aug 18, 2013 10:16am Aug 18, 2013 10:16am
Robert Kissell
worked for JP and UBS, now having its own company.
Btw he is not trading by his own, but just creating strategies for EAs.
  • #108
  • Aug 18, 2013 7:01pm Aug 18, 2013 7:01pm
George Soros
  • #109
  • Aug 18, 2013 7:23pm Aug 18, 2013 7:23pm
Quoting fxtrader032
I will be number one within few years for sure because I have the number one strategy. It took about 3 years of research to get the best system
I've heard that before! We'll chat in a few years time.
  • #110
  • Aug 19, 2013 9:37am Aug 19, 2013 9:37am
I can challenge any top traders in this world. Because I have the best strategy forever
I want to richest person in this world asap
  • #111
  • Edited 9:27am Oct 21, 2014 7:41am | Edited 9:27am
Quoting hanover
{quote} In post #70 I asked a previous poster to back up HIS claim that Joel and Peter were millionaires. I had my reasons: I've always had questions about the veracity of Joel's "$500 to $150k challenge", ever since I discovered this. I have other sources that have further increased my doubts, but I don't want to publish hearsay here. It's true that I gained some valuable ideas from their posts....... like low risk entries, and aggregating (semi-)independent edges.........

Sorry for the bump, but would like to comment on this.

In the link it mentions that the account at the time of testing was net short on pips. The system used by JR was volatility adjusted, pips are worth different amounts depending on the previous weekly range. As a result you can still be easily up money yet have netted a negative returns on pips, if for example you get a breakout from low volatility - infact JR has said as much and highlighted this as the time that you make money.

I have no idea if JR has made any money in forex, though I personally think he probably has.
  • #112
  • Oct 21, 2014 6:40pm Oct 21, 2014 6:40pm
Quoting MCRotter
As a result you can still be easily up money yet have netted a negative returns on pips,
//-----

hey mcr..... and you can easily be down money yet netted positive pips.....

there was a live totally public ff explorer that i watched make several hundred thousand, maybe 400k dollars..... actually commented on it..... even though making 400k, his total pip return was heavily negative......

it's another example of what you mentioned above verified....h
to trade and code, keep both simple... no call to impress....h
  • #113
  • Oct 21, 2014 6:50pm Oct 21, 2014 6:50pm
Not ever successful Trade want's to be named. Some of them want or need anonymity for reasons that may not be crystal clear to someone not managing a significant amount of private (personal) capital.

I personally know of several "successful" Traders who manage between $5 to $12 million every day, from accounts they each launched in retail hell and then shifted over to institutional platforms in prime broker accounts. They certainly did not start with millions. I know because I trained each and every one of them.

Public facing currency Traders are not as well known as equity, bond or commodity Traders who made it. That notwithstanding, we are out there - flying under the radar maybe - but we are out there in the market each and every day building revenue one brick at a time.

I hear that a private trading firm called FxLogix has a successful Trader. But, who the heck has ever heard of FxLogix before anyway. I could be just imagining things but a little birdie tells me that I'm not.

Success is where you find it. Sometimes it could be sitting directly under your nose without you ever knowing it was there, or without you ever knowing precisely what it was doing or how it was doing it.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #114
  • Oct 21, 2014 7:57pm Oct 21, 2014 7:57pm
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....
It seems some members here are very successful forex traders, eg. Eurusdd, Ullen, MadMoney.
I haven't spent much time in forum, but after reading posts over past few days, I'm quite convinced those are some very successful forex traders here.
I don't care about fund managers far and away. Members here that are successful forex traders, posting here and teaching us things are what matter to me.
So my proposition is there seems some very successful traders right here. Could I be wasting time learning from those members? This I'm curious to know.
When in doubt, HEDGE
  • #115
  • Oct 10, 2015 9:44am Oct 10, 2015 9:44am
u know , lots of successful trader prefer rather to keep away from media, so it's hard to find them
  • #116
  • Feb 28, 2016 9:09am Feb 28, 2016 9:09am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting TradurGurl
I've been trading successfully live since Oct, 2006. I made a BIG mistake right after the first of 2007, in not leveraging my account correctly, not dealing with a broker that let me hedg, and MAINLY by having any idea what a Carry Trade Unwind was. But I made my $$$ back, and am growing my acccount steadily. I make most of my living by Forex. I think my biggest asset is realizing that I still have a LOT to learn. Therefore, I take only the best trades. I stay with the trend. I have missd out sometimes by not taking greater risks -- but I also haven't...
Do you continue trading, TradurGurl?

Regards from Spain.
  • #117
  • Feb 28, 2016 10:35am Feb 28, 2016 10:35am
http://www.myforexsignal.com/
Attached Image (click to enlarge)
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  • #118
  • May 12, 2016 5:50pm May 12, 2016 5:50pm
It's interesting to note that very few people who have responded to this thread are still active in ff. Few people have the discipline and fortitude to stay the course. The potential to make a fast buck is alluring, but there is no business that is a cake walk. Most new businesses fail, and the pitfalls of leverage make the Forex particularly treacherous. MM is essential
The forex is a $3.8 trillion market, by far the biggest in the world. There's plenty of room to skim off a few bucks if you play by the rules
  • #119
  • Jun 25, 2017 6:30pm Jun 25, 2017 6:30pm
There are successful traders, but they work for banks and hedge funds. They earn a paycheck, though they'll get a year-end bonus if they make the bank/fund lots of money.

Now, I assume you mean private traders trading their own accounts. In that case , the answer is no. First off, if you're not a big bank or hedge fund, you really can't access the interbank market , i.e., the "real" forex market. So you must go through a broker/market maker. Then you're paying a commission (even if the broker calls it a bid/ask spread). So, you're playing a negative-sum game. Now, contrary to what newbies may think, indicators and robots don't work, period. That will probably upset some readers, but it is the truth. So, the negative-sum game just got worse - the forex indicators your market-maker wants you to use will ,in fact, only make you lose faster. Most traders here at FF will blow at least 3 accounts before realizing it's a rigged game.

Have you heard of the 90-90-90 rule? No? Well, your broker has - 90% of traders lose 90% of their money within 90 days. They know they're fleecing the flock, but it makes them money, so they don't care.
  • #120
  • Edited 8:35pm Jun 25, 2017 8:09pm | Edited 8:35pm
Quoting hayseed
{quote} //----- hey mcr..... and you can easily be down money yet netted positive pips..... there was a live totally public ff explorer that i watched make several hundred thousand, maybe 400k dollars..... actually commented on it..... even though making 400k, his total pip return was heavily negative...... it's another example of what you mentioned above verified....h
thats simple extrem martingale, that has near always negative pips and positive wins until whole account is burned, what will happen fast or slow, but will happen some times.

negative pips and big wins are so easy to see that it was simple martingale gambling.

just recognizing, the text was some years ago, so answer will be little bit to late ;-)
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