$100,000 or Forex Trading | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

100$ -->100,000$ (period: 12 months) 207 replies

Gutenberg money printing machine.. 100 to 1.000 to 10.000 to 100.000? 15 replies

Turning US$100.00 to US$1,000,000.00, Target a Year! 14 replies

Experiment: $100 to $1,000,000 USD in 155 Steps 154 replies

27/23 System for USD/CHF --$10,000 to $1,100,000 in 2 years? 42 replies

Attachments: $100,000 or Forex Trading
Exit Attachments

$100,000 or Forex Trading

  • Poll

  • What would you choose?
  •  
  •  
  •  
  • #1
  • First Post: Edited May 13, 2013 10:01am May 12, 2013 11:54pm | Edited May 13, 2013 10:01am
Simple question. Two options. 1. Take 100.000$ right now while in turn you are being disabled/forbidden to trade forex, stocks or anything similar the remainder of your life. 2. Miss out on the 100.000$ but be able to trade forex, stocks or anything similar the remainder of your life.


Hoping for some more accurate results that will flow out of the poll when it comes to long term versus short term, overall success rate etc etc.
Just one sidenote, please do not get offended by this poll. I realize some people are in desperate need of money but still want to have Forex in there life in the longer run(longer term orientation). In other words, it doesnt necessarily have to mean you are only short term focussed if you choose the first answer. Its more of a poll to determine how many people are thinking Forex will pay off in the long run. ( and in particular to what extent )

One last note, please do not vote this poll if you are trading Forex for less then 6 months!
  • #2
  • May 13, 2013 5:30pm May 13, 2013 5:30pm
A better way to present this question is as folows:
Bob and Susie have 10,000 to trade with
Bob decides not to trade and puts the 10,000 in a savings account
Susie decides to earnestly trade her 10,000
At the end of 1 year, Susie worked her ass off all year to grow the account but she has 100 dollars left in her account, Bob still has the 10,000 and did nothing...
Who is the better trader?
  • #3
  • May 13, 2013 5:38pm May 13, 2013 5:38pm
Quoting Mingary
A better way to present this question is as folows: Bob and Susie have 10,000 to trade with Bob decides not to trade and puts the 10,000 in a savings account Susie decides to earnestly trade her 10,000 At the end of 1 year, Susie worked her ass off all year to grow the account but she has 100 dollars left in her account, Bob still has the 10,000 and did nothing... Who is the better trader?
We don't know who the better trader is cause Bob didn't trade. If he did, we may still not know because a great trader could have a bad year and vice versa. One thing I am confident of... an experienced trader will outperform a savings account over multiple years.
  • #4
  • May 13, 2013 5:43pm May 13, 2013 5:43pm
The better trader is Bob.
He ends the year with 10,000 rather than a loss of -9,900
Therefore Bob is the better trader, he stood aside all year and won!
and seeing what happened to Susie, he will now do the same every year!
  • #5
  • May 13, 2013 5:55pm May 13, 2013 5:55pm
Quoting Mingary
The better trader is Bob. He ends the year with 10,000 rather than a loss of -9,900 Therefore Bob is the better trader, he stood aside all year and won! and seeing what happened to Susie, he will now do the same every year!
I think you missed my point. In your example, all that it means is Bob had a better year than Susie. It does not mean either one is a better trader. By the way, trader may be the wrong term here since Bob isn't trading. Investor is more appropriate.

Now, what if Susie reinvests another $10,000 the following year and triples it? Now she's up $20,000. Assuming Bob gains 10% annually (which is pretty good on a savings interest rate), he would stand at $12,100 after two years. Does that now make Susie smarter or a better investor? Maybe, maybe not. All it means now is that she's had a better two years (overall).

I'm not making a case that trading is the way to go for Susie or anyone else. For most people trading is probably not the best option. But you can't determine what's best between any two people cause you just don't know. No one does, myself included.
  • #6
  • May 13, 2013 6:20pm May 13, 2013 6:20pm
Quoting Mingary
The better trader is Bob. He ends the year with 10,000 rather than a loss of -9,900 Therefore Bob is the better trader, he stood aside all year and won! and seeing what happened to Susie, he will now do the same every year!
WRONG !! (IMHO) Bob wasn't a better trader because he
isn't even a trader.... just a saver. And he didn't really "win"
anything, just held on to his money.

So, he gained no real life experience at attempting to make
money. Apparently, Bob couldn't afford to risk even 1% of
his 10k.

Susie, on the other hand and in keeping with the
"never risk more than you can afford to lose" motto has
a years worth of trading experience, a plan to add funds
to her account and try once again.

Soon... Bob is still sitting there with 10k and Susie has
turned her 20k investment into 50k !!!

Nice story, eh?!
When the Joker is in the deck.. fear not and play it well
  • #7
  • May 13, 2013 6:28pm May 13, 2013 6:28pm
Quoting Robertk
Simple question.
//----

hey robert..... well it seemed such a simple question...... or at least till bob and susie where somehow added to the picture.....

my simple answer would be 2..... and there's no doubt about it......h
to trade and code, keep both simple... no call to impress....h
  • #8
  • May 13, 2013 6:37pm May 13, 2013 6:37pm
Quoting hayseed
{quote} //---- hey robert..... well it seemed such a simple question...... or at least till bob and susie where somehow added to the picture..... my simple answer would be 2..... and there's no doubt about it......h
LOL
I would actually have to agree (for once).


I hate when that happens (being agreeable that is).

All the best.
When the Joker is in the deck.. fear not and play it well
  • #9
  • May 13, 2013 7:22pm May 13, 2013 7:22pm
Quoting Robertk
Simple question.
I realize some people are in desperate need of money but still want to have Forex in there life in the longer run(longer term orientation).
Just as another side note... the question really isn't simple because there are
too many variables.

As in....." I'm a 20 (something) yo with 6 months trading experience. I believe
I have a great future in trading and I can walk away from 100k now because I
have a long time to learn and make 100 times that much."

OR.. "I'm a 60 (something) yo with 6 months trading experience. I haven't
saved all that much for retirement and that 100k would sure help out and I
wouldn't be stressed about this trading thing."

So you see...... as in most things,
one size does not fit all.

Happy Trading
When the Joker is in the deck.. fear not and play it well
  • #10
  • May 13, 2013 7:47pm May 13, 2013 7:47pm
Ok here's a tough one...

The blonde for the rest of your life and no forex

or

No blonde and all the forex your heart desires?
Attached Image
  • #11
  • May 13, 2013 8:19pm May 13, 2013 8:19pm
Quoting 2+2=4ex
Ok here's a tough one... The blonde for the rest of your life and no forex or No blonde and all the forex your heart desires? {image}
hmmmm........ that's a MUCH more difficult decision. Again, there are several variables
but the most disciplined traders often go astray.
(over hot blondes) ??

?
When the Joker is in the deck.. fear not and play it well
  • #12
  • May 13, 2013 8:58pm May 13, 2013 8:58pm
Quoting Slim Buffett
{quote} hmmmm........ that's a MUCH more difficult decision. Again, there are several variables but the most disciplined traders often go astray. (over hot blondes) ?? ?
What's funny is your answer to the original question of 'depends on the persons age' can also be used to answer the blonde or no blonde decision. Although maybe not as much as 15 years ago or so with Viagra and other such pills available.
  • #13
  • May 13, 2013 9:08pm May 13, 2013 9:08pm
Quoting Slim Buffett
LOL I would actually have to agree (for once).
//----

hmmmm.... wasn't aware we disagreed..... but then i'm the non-confrontational type, so probably didn't notice..... tend to keep my mind on forex......h
to trade and code, keep both simple... no call to impress....h
  • #14
  • May 13, 2013 9:35pm May 13, 2013 9:35pm
The answer seems obvious.

Give me the blond and the $100K, and I'm out...
  • #15
  • May 13, 2013 9:49pm May 13, 2013 9:49pm
Quoting mr.marketz
The answer seems obvious. Give me the blond and the $100K, and I'm out...
  • #16
  • May 13, 2013 10:00pm May 13, 2013 10:00pm
Quoting mr.marketz
The answer seems obvious. Give me the blond and the $100K, and I'm out...
Hahahaha. And he speaks for most men on here, I suspect.
The road to pipland is arduous and fraught with challenge.
  • #17
  • May 13, 2013 10:13pm May 13, 2013 10:13pm
Damn,
I
choose
this
v
v
v
The blonde for the rest of your life and no forex!

HEEELLLLL YEEEAAAHHHHH!!!!!
It's all 'bout the dum dum...
  • #18
  • May 13, 2013 10:23pm May 13, 2013 10:23pm
I wouldn't take the $100,000 or the crack whore. Trading is a lifestyle for me and i couldn't give that up. I enjoy it too much..
  • #19
  • May 13, 2013 11:05pm May 13, 2013 11:05pm
stop trading, invest part of the $100,000 and do other business to generate income too.

Can invest 20-50k in Fx trading on really professional funds, not those public pamm out there that fails.

seat back and relax and enjoy, no need to get into the emotional rides of trading anymore.
  • #20
  • May 13, 2013 11:48pm May 13, 2013 11:48pm
Quoting 5percent
stop trading, invest part of the $100,000 and do other business to generate income too. Can invest 20-50k in Fx trading on really professional funds, not those public pamm out there that fails. seat back and relax and enjoy, no need to get into the emotional rides of trading anymore.
If you get it right, theres nothing to beat trading for an income source, though.
The road to pipland is arduous and fraught with challenge.
0 traders viewing now