Why do you want to be Rich? | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How much do you want to make and why do you want to make it 17 replies

Want to know how to get rich? 924 replies

What brokers would you want to use if you had 100k + million + account? 6 replies

Once you can trade profitably are you rich? 43 replies

I don't want to get rich 18 replies

Why do you want to be Rich?

  • #81
  • Feb 20, 2013 4:34pm Feb 20, 2013 4:34pm
I want to be rich to experience the higher level and meaning in life.

Look at it this way... Why do people go to school? To get a education so they can get a job... Why do people get a job? To live comfortably and be able to afford all the wants they have in life....

Everything has to do with MONEY MONEY MONEY!! Always wanting something more.. I mean is that what life is really about? Why are we on earth? just to consume things endlessly?

Ever heard of maslows heirachy of needs? id say 99 percent of people never get to the top which is the higher meaning in life. When they have accomplished everything in life and dont want anything form life except self fulfillment. I want to become rich so i can find the meaning of life.

And thats what basically life is for most of us. Money has us in sucha fix that we cannot truly value life or look beyond the meaning of life to what the true purpose is. For most of us it is to earn a pay cheque so we can feed ourselves and enjoy some of lifes luxuries.

I want to wake up in the morining with so much money that i do not have to work but i wake up and do not know what i am going to do during the day. The point to which you wake up and you are boored with yourself.

Agreed theres people evident like that in our society such as celebs who are drug addicts, company owners such as bill gates who are charity workers and those who seek religion for a higher meaning to life and learning...

Which one am i? i dont know but i want to get to the point of being rich to be able to find out

Thats my take on it anyways... Especially after taking phylosophy first year of uni
  • #82
  • Feb 20, 2013 4:44pm Feb 20, 2013 4:44pm
that's capitalism for you.. we don't live in the mountains killing deer and bears for clothes and food. we are in cities and communities where if you want food or clothes or shelter you have to have money




Quoting jibjib210
I want to be rich to experience the higher level and meaning in life.

Look at it this way... Why do people go to school? To get a education so they can get a job... Why do people get a job? To live comfortably and be able to afford all the wants they have in life....

Everything has to do with MONEY MONEY MONEY!! Always wanting something more.. I mean is that what life is really about? Why are we on earth? just to consume things endlessly?

Ever heard of maslows heirachy of needs? id say 99 percent of people never get to the top which is the higher...
  • #83
  • Feb 20, 2013 5:15pm Feb 20, 2013 5:15pm
This thread is all out of whack. It should be renamed 'Why are you so greedy?'

On some clear mornings I get up while it's still dark and I make a pot of coffee and put it into my 15 year old thermos flask. I make a couple of salad sandwiches with the bread that I made on my kitchen table and the salad that I just picked from my veggie garden. i get into my 10 year old car and drive to the foot of the ranges and I walk to the top. Up there I sit and sip my coffee and eat my sandwiches and I watch the sun rise.....knowing that I am one of the very, very few people in the world who are able to see the new day dawning before anyone else in the whole world. This is priceless.

Then I return to my humble home and clean it and weed my veggie garden and maybe I'll go for a ride on my mountain bike, or maybe a swim in the river.

I don't want and I don't need a million dollar bank account. I don't want a brand new BMW in a 4 car garage in a massive house with tennis courts and a spa next to the swimming pool. I don't want the holiday home in Hawaii or many of these other thing that being 'rich' equates to.

I trade to maintain what I have. The goal is not to make a million dollars.....the goal is to have as much free time as possible.

Doing what you like is freedom....liking what you do is happiness.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #84
  • Feb 20, 2013 5:16pm Feb 20, 2013 5:16pm
Quoting realjumper
This thread is all out of whack. It should be renamed 'Why are you so greedy?'

On some clear mornings I get up while it's still dark and I make a pot of coffee and put it into my 15 year old thermos flask. I make a couple of salad sandwiches with the bread that I made on my kitchen table and the salad that I just picked from my veggie garden. i get into my 10 year old car and drive to the foot of the ranges and I walk to the top. Up there I sit and sip my coffee and eat my sandwiches and I watch the sun rise.....knowing that I am one of the very,...

Indeed.
  • #85
  • Feb 20, 2013 5:21pm Feb 20, 2013 5:21pm
Quoting allisonmagic
Don't try to beat the market.. that's not logical subject.. you need to learn how to flow with the market and beat the brokers
Your broker isn't out to get you. In fact I sincerely believe that job is underappreciated.
  • #86
  • Feb 20, 2013 5:21pm Feb 20, 2013 5:21pm
Quoting Kanzler
Your broker isn't out to get you.
  • #87
  • Feb 20, 2013 5:26pm Feb 20, 2013 5:26pm
Quoting allisonmagic
You think it's funny but there is a general paranoia on this forum where people imagine that their broker is 'stop hunting' them or in general trying to ensure that they lose. This contributes to people blaming others for their failure when the truth is they are responsible for their losses. Compare your charts to any other broker though and you'll find the differences negligible and almost always due to spread differences.
  • #88
  • Feb 20, 2013 5:27pm Feb 20, 2013 5:27pm
Quoting Kanzler
Hanover knows what he's talking about. His point was more the people trying to turn $1000 into a cool million in a year thinking that this is a fast and easy business. The people who show off incredible returns are for the most part people tempting fate with high risk systems that inevitably bring them back to the ground....a realistic attitude towards return on investment is important to avoid greed.

I know what hanover is talking about. Thats the reason I pointed out the difference between "easy" and "fast". For sure its not easy. But what are "incredible" return, what are "Realistic ROI"? 10%/100%/1000% per Year? per Month? per Week?

There are a lot of variables (average R/R, Risk per Trade, Trade frequency, Compounding...)

For sure, there are Traders risking to much, and sooner or later they will get broke, its math.

But if someone has a solid method and is using a suitable MM, than he can get rich quick, its math as well.

Understand the difference between linear vs. exponential groth is very important at this point.

If somebody tells you, that he has a 10000$ Acccount and making a living of that since 3 years (2000$/Month), only a few would say fake.

But if somebody tell you he grow his Account from 10k to 7Million in 3 years, you know what the people will tell you.

Although its the same Trading performance.

I dont want to discuss if 20% per Month is realistic or not, but you see the difference.

The brain isn't used to exponential grothw.
  • #89
  • Feb 20, 2013 5:30pm Feb 20, 2013 5:30pm
Quoting Kanzler
You think it's funny but there is a general paranoia on this forum where people imagine that their broker is 'stop hunting' them or in general trying to ensure that they lose. This contributes to people blaming others for their failure when the truth is they are responsible for their losses. Compare your charts to any other broker though and you'll find the differences negligible and almost always due to spread differences.
Exactly.....Brokers can't manipulate the price to grab a few mickey mouse stop losses because they would so easily be caught out. Besides, our 'nickles and dimes' SL's aren't worth that much to them. We are more use to the brokers if we make money because they get paid either way......and.....if get we margin called or quit because of brokers Sl 'hunting'......the broker has lost a source of income. Why would they bite the hand that feeds them?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90
  • Feb 20, 2013 5:59pm Feb 20, 2013 5:59pm
Quoting allisonmagic
business is business. they want your money. they might not bite but they might try to swallow your fist in the process
You're crazy. How about you put up some evidence for your claims? And not from some bucketshop in Zimbabwe. Dukascopy, FXCM, Oanda. Those types of reputable brokerage houses. I want to put a stop to this ignorance here and now.
  • #91
  • Feb 20, 2013 7:01pm Feb 20, 2013 7:01pm
http://forexmagnates.com/nfa-fines-f...-clients-back/


this is exactly what i'm dealing with.. just because they got fined doesn't mean they quit doing it
  • #92
  • Feb 20, 2013 7:23pm Feb 20, 2013 7:23pm
Quoting allisonmagic
http://forexmagnates.com/nfa-fines-f...-clients-back/


this is exactly what i'm dealing with.. just because they got fined doesn't mean they quit doing it

Despite the fact that once should consider using an ECN-Broker, what has slippage to do with Stop fishing?
  • #93
  • Feb 21, 2013 3:38am Feb 21, 2013 3:38am
basically I've kissed ass for too many years....all I want is to be my own man....is it a crime?
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #94
  • Feb 21, 2013 3:47pm Feb 21, 2013 3:47pm
Quoting pemully
basically I've kissed ass for too many years....all I want is to be my own man....is it a crime?

you were kissing ass.. now you should be kicking ass !
  • #95
  • Feb 21, 2013 4:42pm Feb 21, 2013 4:42pm
Quoting allisonmagic
http://forexmagnates.com/nfa-fines-f...-clients-back/


this is exactly what i'm dealing with.. just because they got fined doesn't mean they quit doing it
That is not correct. The NFA action primarily concerned positive slippage not being passed on in full during the offsetting transaction with the liquidity providers. FXCM enhanced the execution system in 2010 so that clients now benefit from price improvements in both steps of a transaction for all order types. You can find a more detailed explanation from me located here: http://www.forexfactory.com/showthre...83#post4867883
  • #96
  • Feb 22, 2013 3:38pm Feb 22, 2013 3:38pm
Quoting Jason Rogers
That is not correct. The NFA action primarily concerned positive slippage not being passed on in full during the offsetting transaction with the liquidity providers. FXCM enhanced the execution system in 2010 so that clients now benefit from price improvements in both steps of a transaction for all order types. You can find a more detailed explanation from me located here: http://www.forexfactory.com/showthre...83#post4867883

Jason, i had a long talk with some fxcm representatives today. you are correct, there have been some issues with my orders that i never noticed.. as far as slippage. i apologize for bringing up issues about the company. it was just my personal errors that needed to be corrected. i've traded with fxcm for about a year now and it's a wonderful company. i was just having issues with slippage. everything got worked out and i setup a new metatrader account with you guys and i'll be depositing a decent amount next week. sorry for the problems, hope we can be cool in the future.
  • #97
  • Feb 22, 2013 4:07pm Feb 22, 2013 4:07pm
Quoting allisonmagic
sorry for the problems, hope we can be cool in the future.
Of course . Thanks for having that long talk with the FXCM rep. I know how these issues can be frustrating, and I'm happy we were able to get it sorted.

Have a great weekend!

Jason
  • #98
  • Feb 22, 2013 4:20pm Feb 22, 2013 4:20pm
Quoting Jason Rogers
Of course . Thanks for having that long talk with the FXCM rep. I know how these issues can be frustrating, and I'm happy we were able to get it sorted.

Have a great weekend!

Jason

you 2
  • #99
  • Feb 24, 2013 12:19am Feb 24, 2013 12:19am
Everyone in this world wants to be rich, comfort comes with money.
  • #100
  • Feb 24, 2013 12:23am Feb 24, 2013 12:23am
I say rich, however a lot of people refer to it as many other things. financial freedom, comfortable, well off.. what have you.. it's all the same to me
1 trader viewing now