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Why do you want to be Rich?

  • #101
  • Feb 24, 2013 12:46am Feb 24, 2013 12:46am
There are two ways of getting rich.

1) get more stuff.

2) want less stuff.


It's pretty obvious, really, where wisdom, contentment and happiness lie, but most people are neither wise, content nor happy.


To get more stuff, you need three things.

1) stupid, discontent, unhappy people

2) the right bait

3) the right hook


Welcome to the world of trading.
  • #102
  • Feb 24, 2013 1:04am Feb 24, 2013 1:04am
Quoting AllanS
There are two ways of getting rich.

1) get more stuff.

2) want less stuff.


It's pretty obvious, really, where wisdom, contentment and happiness lie, but most people are neither wise, content nor happy.


To get more stuff, you need three things.

1) stupid, discontent, unhappy people

2) the right bait

3) the right hook


Welcome to the world of trading.
sorry i added a sentence,,dare to take great risks,,will get great results as well
need much of time,,energy,,willingness of hard work,, capital,,

salaam
  • #103
  • Feb 24, 2013 2:02am Feb 24, 2013 2:02am
Quoting mr.kho
sorry i added a sentence,,dare to take great risks,,will get great results as well
need much of time,,energy,,willingness of hard work,, capital,,
To become rich trading forex, you must find someone who is weaker than you and take their money. Your victims must be afraid when you are bold. They must be greedy when you are restrained, and panic when you are calm. Their software, their systems, their understanding of the market, their capital reserves, must be weaker than yours.

Growing rich by inventing or investing in a new process, a new product, a new book, a new song, a new antibiotic etc is wise, honorable and praiseworthy. Growing rich by trading forex isn't creative, but predatory and parasitic. It doesn't increase the wealth of the world, but merely concentrates existing wealth into the hands of the few. ie. the people who can afford the best software and withstand the largest drawdown.
  • #104
  • Feb 24, 2013 2:55am Feb 24, 2013 2:55am
Quoting AllanS
To become rich trading forex, you must find someone who is weaker than you and take their money. Your victims must be afraid when you are bold. They must be greedy when you are restrained, and panic when you are calm. Their software, their systems, their understanding of the market, their capital reserves, must be weaker than yours.

Growing rich by inventing or investing in a new process, a new product, a new book, a new song, a new antibiotic etc is wise, honorable and praiseworthy. Growing rich by trading forex isn't creative, but predatory...
I disagree and agree with everything you wrote above. Agree, only because you contradict yourself statement after statement, in the same text, otherwise I wholeheartedly disagree. Anyway, if that's what you truly believe, then logic dictates you should quit trading, thus freeing yourself to become a happier individual.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #105
  • Feb 24, 2013 3:14am Feb 24, 2013 3:14am
Quoting AllanS
To become rich trading forex, you must find someone who is weaker than you and take their money. Your victims must be afraid when you are bold. They must be greedy when you are restrained, and panic when you are calm. Their software, their systems, their understanding of the market, their capital reserves, must be weaker than yours.

Growing rich by inventing or investing in a new process, a new product, a new book, a new song, a new antibiotic etc is wise, honorable and praiseworthy. Growing rich by trading forex isn't creative, but predatory...
sorry did not meant to start an argument
IMO someone that
## Growing rich by inventing or investing in a new process, a new product, a new book, a new song, a new antibiotic etc ##
can also be predatory and parasitic. It doesn't increase the wealth of the world, but merely concentrates existing wealth into the hands of the few,,.
in all fields could happen like that,,so it depends on each individual

salaam
  • #106
  • Feb 24, 2013 5:23am Feb 24, 2013 5:23am
Quoting vox dei
logic dictates you should quit trading
Leeches are perfectly logical (in their narrow field) and can be very successful (though I dare say at least 95% fail.) For them it's all about patience, waiting for the right set-up, minimizing risk, maximizing return, knowing when to enter and when to exit, overcoming both fear and greed.

The question is, are you quite sure you want to be a leech? Is this really the reason you exist, or could your talents be used more productively?

As for quitting, every drunk on the planet knows he should get on the wagon.
  • #107
  • Feb 24, 2013 5:38am Feb 24, 2013 5:38am
Quoting mr.kho
## Growing rich by inventing or investing in a new process, a new product, a new book, a new song, a new antibiotic etc ##
can also be predatory and parasitic.
I agree. An honorable person would make money only from inventions, processes or products that brought real value, health, beauty etc into the world. For me, it's not clear that trading forex brings anything new and good into the world. (If everyone traded for a living, who would grow the potatoes?)

I'm not looking for a fight, btw. Too old for that. I've 10 grandchildren...
  • #108
  • Feb 24, 2013 9:07am Feb 24, 2013 9:07am
Quoting AllanS
I agree. An honorable person would make money only from inventions, processes or products that brought real value, health, beauty etc into the world. For me, it's not clear that trading forex brings anything new and good into the world. (If everyone traded for a living, who would grow the potatoes?)

I'm not looking for a fight, btw. Too old for that. I've 10 grandchildren...

hi, mr.allans,, i agree too,,
a bit of humor,,(If everyone were planting potatoes)
who will produce computers,,?
who will act as a money changer,,?
who will serves as a bank ? etc ,, etc
okay,, this conversation if continued,,,is going no where,, lol
just peace

salaam
  • #109
  • Feb 24, 2013 11:23am Feb 24, 2013 11:23am
Quoting AllanS
I agree. An honorable person would make money only from inventions, processes or products that brought real value, health, beauty etc into the world. For me, it's not clear that trading forex brings anything new and good into the world. (If everyone traded for a living, who would grow the potatoes?)

I'm not looking for a fight, btw. Too old for that. I've 10 grandchildren...

you need someone to buy the potatoes. invest in company's to help them grow. trading has been around for a long time. you trade money to get food, clothing, hookers..etc.. so on and so forth..
  • #110
  • Feb 24, 2013 11:40am Feb 24, 2013 11:40am
Quoting mr.kho
hi, mr.allans,, i agree too,,
a bit of humor,,(If everyone were planting potatoes)
who will produce computers,,?
who will act as a money changer,,?
who will serves as a bank ? etc ,, etc
okay,, this conversation if continued,,,is going no where,, lol
just peace

salaam

lmao, good point
  • #111
  • Feb 24, 2013 11:41am Feb 24, 2013 11:41am
I'm not asking how to get rich.. I'm asking why


Quoting AllanS
There are two ways of getting rich.

1) get more stuff.

2) want less stuff.


It's pretty obvious, really, where wisdom, contentment and happiness lie, but most people are neither wise, content nor happy.


To get more stuff, you need three things.

1) stupid, discontent, unhappy people

2) the right bait

3) the right hook


Welcome to the world of trading.
  • #112
  • Feb 24, 2013 11:42am Feb 24, 2013 11:42am
Quoting AllanS
To become rich trading forex, you must find someone who is weaker than you and take their money. Your victims must be afraid when you are bold. They must be greedy when you are restrained, and panic when you are calm. Their software, their systems, their understanding of the market, their capital reserves, must be weaker than yours.

Growing rich by inventing or investing in a new process, a new product, a new book, a new song, a new antibiotic etc is wise, honorable and praiseworthy. Growing rich by trading forex isn't creative, but predatory...
so we should all come take your money ?
  • #113
  • Feb 24, 2013 11:44am Feb 24, 2013 11:44am
I don't want to stop working, because work is what is needed to improve our world and generate value to others. But I want to ignore the 'money' factor and work with whatever I like, instead of working for others in uninteresting tasks.

So, this is aligned with the freedom benefit. I want to be rich to become free.
  • #114
  • Feb 24, 2013 10:02pm Feb 24, 2013 10:02pm
Quoting AllanS
Leeches are perfectly logical (in their narrow field) and can be very successful (though I dare say at least 95% fail.) For them it's all about patience, waiting for the right set-up, minimizing risk, maximizing return, knowing when to enter and when to exit, overcoming both fear and greed.

The question is, are you quite sure you want to be a leech? Is this really the reason you exist, or could your talents be used more productively?

As for quitting, every drunk on the planet knows he should get on the wagon.

Hello Mr Allan, I understand and respect your viewpoint, but I see things differently. The world has many colors.

I also see leeches in trading. Inside traders and unscrupulous brokers immediately come to mind. However, not even them should be called 'leeches'. People are not trading at gunpoint. The moment one steps in willingly to trade knowing beforehand how it works, automatically loses the right to call anyone else a leech. On the other hand, should dogs speak, and a dog state that the flea on its' back is a 'leech', then the dogs' statement would have been valid, as the dog never consented being exploited by the flea. My point: if people trade and lose, then they have no one but themselves to blame for. Trading is fairer than natural selection. Therefore, no name calling.

From a societal perspective, I agree with you that trading doesn't really add much value to our society. But it doesn't have to be that way. One only has need for money up to a certain point. After that point is reached, profits can be given to feed the hungry, to finance medical research, to empower the poor with an education, etc, thus adding value to society.

I like trading, but my perspective on it is practical. I see it as a work/job. A means to an end. The end is to rise above the need of needing money in order to exist, thus buying myself out of the slave for the wage dilemma most of the world lives in. Trading is the best job to achieve this. There's so much more to life than spending it all working for the man....
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #115
  • Feb 25, 2013 1:37am Feb 25, 2013 1:37am
Money is never enough. I want to be rich as I want to have a lot of money, and I can do a lot of things I want to do in my life. Buy an iMac, a car and travel to some countries. Also open a business, sponsor to one team, holding an event,...

I see I'm a man want to do a lot of things in this world, and what I need is MONEY. Forex is one of period in my life to earn money.
  • #116
  • Feb 25, 2013 1:52am Feb 25, 2013 1:52am
To take things easy in life and not working for people.
  • #117
  • Feb 25, 2013 8:32am Feb 25, 2013 8:32am
Quoting AllanS
To become rich trading forex, you must find someone who is weaker than you and take their money. Your victims must be afraid when you are bold. They must be greedy when you are restrained, and panic when you are calm. Their software, their systems, their understanding of the market, their capital reserves, must be weaker than yours.

Growing rich by inventing or investing in a new process, a new product, a new book, a new song, a new antibiotic etc is wise, honorable and praiseworthy. Growing rich by trading forex isn't creative, but predatory...
Being realistic AllanS, we do not need the fingers of even one hand to count the number of retail traders who grew rich from trading Forex.

The most appreciated value you do bring to Forex is being the liquidity/grease that helps the majors mop the floors on daily basis.

Feel no guilt or shame. Just top up your Forex account regularly and please do keep the wheels of Forex trading greased and liquid.
  • #118
  • Feb 25, 2013 10:18am Feb 25, 2013 10:18am
stay at home with family all the time and make a living, simple and awesome.
  • #119
  • Last Post: Mar 2, 2013 6:53pm Mar 2, 2013 6:53pm
Quoting h96
Freedom
I want to make my Mom Proud of me (they already pay my 16 years education)
lol
“If you’re not getting rewarded for the risk, why take it?”
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