Who has become rich trading forex?

It's not because it's written in a newspaper that it's true (:

Greg Secker, is absolutely not making money trading the forex. He is a bit of a shyster and a big joke (look at me I am pretending to make money in the forex from an helicopter) and makes his money selling "forex training", and probably also from other shady deals.
ALso, I had the pleasure of being asked to leave one of their "2 hours introduction to forex trading".
I just had to ask a few pertinent questions. I don't think they signed up too many people on that day.
Easy as pie really.

i am now in streak of 9 losers. Total loss is 0.58 risk i put on each trade.

i think one has to try hard to keep losses small. This f* win will come one day !

your broker has become filthy rich....trading against you.

but its the reciept is true, and alex hope paid it and he claims he does forex , so ok he makes money thats a point so now why would of all things say forex,

i dunno to be honest they could all be fake including soros and jesse livermore etc.

no one knows them personally tbh so i cant argue on behalf for anybody

Alex Hope is just another fraudster pretending to be someone he is not.

http://www.guardian.co.uk/business/2...lex-hope-fraud

Told cha (:

of the names mentioned (Greg Secker and Alex Hope) that's 2 for 2.
That should settle the issue.
Do we have some other favorite guru or (dubious) forex celebrity for a bit of scrutiny... come on now.

I'm sure a few of us know 'a guy' that has made it big and continues to do so.

I too am one of those that knows someone.

He opened an account with $20kAud and in approx 4mths topped $100k.

He now targets just 10pips per day minimum, but, uses a lot size of 100, so, he effectively makes $10k per day at a minimum. He has the most control I have ever seen in someone. He has monitors all over his house and watches like a hawk!

He is why I got in to forex trading.

His strategy was learned from a course he participated in and he calls it a Sniper Strategy. Basically it's apparently designed to only target 10-20pips at a time. If he goes over that amount he ceases trading for the week.

I remember seeing him place a trade and made over $50kAud in 33mins. I shat my pants! He never gets on these forums and no longer works a 9-5 job.

Honestly, it is highly possible to 'get lucky' and strike it big, but, you can still lose a bucket load in a heartbeat!

Trade with your head, not your heart.


Here's an article on Greg Secker.

http://www.guardian.co.uk/business/2...he?INTCMP=SRCH

Lol dam, what currency is this in?

Well there are a few amongst us right here at FF but I don't want to receive any hate mail .... lol

i is eearing dis forex bizness makes loadsamoney and getz tha CHIKZ. Alx hz been doin SPORTZ SCiNEZ at universilage or summit so is well brainiacal like dr who and that.

iz a shame he got busted coz he is like ninja innit when iz trading i ere. nez mind I totally rockin the greeg sukka coorzes, coz greg is like well bling duz charity and bitchez like a champ probably haz like a zillion nike air max and dat livin da DREAM

Gosh, I understood absolutely everything you wrote. We must have gone to the same school bro.

I have seen some people who are making very good money but they don't share the exact method or strategy so I have to learn on my own. I am happy as I am making some money as well.

You must have because you can't learn that from a textbook

Trade daily and above TF..

If last week/month is green.. Buy... put SL but not so tight..
If last week/month is red.. Sell... put SL but not so tight..


Sonic

has anyone got any information Andrei Knight he claims to be successsful in forex and has an academy im considering enrolling?

Hmmmm, never heard of him till now.

He looks a little slim shady, but, looks can be very deceiving, kind of like an opposite of Greg Secker (looks honest, but, isn't).

Hey alig,

There is no such thing as easy money. Forex is a business. It's not game, it's not a scam. It also is not easy. It can take years to become a proficient trader. I was introduced to FX in 2000. I have only been steadily profitable for the last 2 years.

Am I rich? Honestly, it's none of your business. I can tell you that I have been through it all. I quit trading when I was not doing well. I started again. I used many different strategies from this and other sites. I bought EA's, signed up for signals, you name it I tried it. Scalping, news trading, full margin trading, martingale, bounced from system to system, etc.

At the end what worked for me was making my own system that suited me. How did I do that? I took lessons from what I learned. FX trading makes you understand yourself better. You can not hide yourself from trading. Once you go live, you learn. Demo trading is a game. Live trading is a business.

If your trying to figure out if trading FX is right for you, then do the work. Research, read, trade live with pennies, find what works for you. The whole retail FX industry loves people who come in and think it's easy. Dreams of over night riches. Everyone wants to be George Soros. The problem is you can only be you.

As stated before, Forex is a business. Just as with any business. When I first started, I used to get mad, blame the broker, chase trades, trying to get revenge and all that. Now, I learned, there is no point. You can't get mad. The truth is there is only 2 reasons why your trade failed.

1- You screwed up.

2- The trade just didn't work.

Focus on what you did wrong and try to fix that.

You have to stick with your trading plan to see if it works. You must go through the proper stages of development. At the very least:

1- Back test 48-60 months to see if it is actually something that might work. Do not just really on the results and start trading. It is very easy to fool your self when you see what already happened. If you get results you like move on to step 2.

2- Demo 3 months. You should probably do more but 1 quarter should get you some data to work with. If it works in a "LIVE" demo, it's then time to get real, grab a set and start working.

3- Live trade- Start small. What ever is small for you. Do not dump all your cash in when you start. Why? You could have been on a killer streak, be all confidant then BAM!!!! Time to start taking losses. Here comes the doubt now, the fear, the frustration. Remember... IT'S A BUSINESS!!!! McDonald's started with 1 small food stand next to an airport. It did not become a $30 billion company overnight and you can't become a FX professional overnight.

As with any business, you need to have a viable plan and a solid money management strategy. In business you start with a concept, develop it and test the market. You need to do the same thing. You do not see fortune 500 companies completely changing everything because they had a bad quarter. They may adjust or fine tune but they do not change what they do if it worked to start with.

Keep a trading journal. You can look and see what happened, why it happened and what you can do to keep doing things that work or adjust what does not. If you do not keep a trading journal you are cheating yourself out of knowledge that you have learned through your FX experience.

Maybe it's just not for you. But if your not willing to put the work, time and effort to find our, then maybe you should move on to something else.

-ILZ

I know a guy personally who started in January 400usd and i went to see to him last week he showed me his account and has 6000usd+

so tbh 100%+ per year is not hard if you have good money management and strategy with a decent win/loss ratio and a good risk to reward ratio.

Hey alig, There is no such thing as easy money. Forex is a business. It's not game, it's not a scam. It also is not easy.

One of the best post I've read. Defines the path most must go down to truly become a good forex trader.

I also agree with you on this one. Forex is a business with both losses and profits. Without knowing that we cannot understand the forex well and can't become a successful trader.