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Why are most of the traders here failures?

  • #41
  • May 16, 2013 2:30pm May 16, 2013 2:30pm
Quoting hedging
What kind of work mate? Are you giving us the real causes of failure or what? It would be great if you can share your experiences regarding your losses and what you learnt from them
hello hedging,

my demo account login is:

Broker: http://www.citifxpro.com/metatrader-4
Login : 2089587303
Password : elu7brc (read only password)

i will answer any questions that you have regarding the trades in this account, if you like.

every thing about this project was handled with a mclaren mentality.

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  • #42
  • May 16, 2013 6:43pm May 16, 2013 6:43pm
a quick update of the numbers...

view #1
EURAUD 79
GBPAUD 45
EURCHF 37
EURGBP 34
NZDCHF 34
CADCHF 26
EURCAD 11
NZDCAD 8
EURNZD 4
GBPCHF 3
GBPCAD -23
GBPNZD -30
AUDCHF -42
AUDCAD -68
AUDNZD -75

view #2
EURAUD 79
AUDNZD -75
AUDCAD -68
GBPAUD 45
AUDCHF -42
EURCHF 37
EURGBP 34
NZDCHF 34
GBPNZD -30
CADCHF 26
GBPCAD -23
EURCAD 11
NZDCAD 8
EURNZD 4
GBPCHF 3

once again, the rules for trading this system:

sell at or near +100
buy at or near -100
close at or near 0.

and then, of course, there are the obvious arbitrage opportunities that i documented earlier in this thread.

mahalo.

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  • #43
  • May 16, 2013 7:01pm May 16, 2013 7:01pm
Quoting Mingary
{quote} there is no need for me to take it to another level I know very well that no one will take up this challenge, because no one makes a living long term in retail forex.
I wasn't asking you to.
I am still amazed at your broad ill conceived presumptions.

Your margin call thread speaks volumes about your frame of mind.

No wonder you have no capacity to see possibilities beyond your own failures.
Come with me if you want to live....
  • #44
  • Edited 9:28pm May 16, 2013 8:52pm | Edited 9:28pm


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  • #45
  • May 16, 2013 11:20pm May 16, 2013 11:20pm
Quoting Ill-b-back
{quote} lol.. you sound like Mingary, only you take it to another level
So, do you accept my BET? You laugh and call me names, but, let's go directly to the point, do you ACCEPT, YES OR NO?...

If you don't answer, I will take that as a "NO", which means you cannot do it.

I will give you 10K dollars, and we will sign a legal contract for proof, if you can make a living off forex for the next 12 months in a row. If you lose, you give me 10 K.

I opened the proposal for anyone in this forum and NOBODY contacted me via PM, so far... NOBODY... I repeat, NOBODY contacted me. And a lot of people saw that message, because everyone here, sees everything.

http://www.forexfactory.com/showthre...12#post6673912

The offer is still open.
The Black Swan: The Impact of the Highly Improbable
  • #46
  • May 16, 2013 11:34pm May 16, 2013 11:34pm
Quoting MapleLeaf
{quote} So, do you accept my BET? You laugh and call me names, but, let's go directly to the point, do you ACCEPT, YES OR NO?... If you don't answer, I will take that as a "NO", which means you cannot do it. I will give you 10K dollars, and we will sign a legal contract for proof, if you can make a living off forex for the next 12 months in a row. If you lose, you give me 10 K. I opened the proposal for anyone in this forum and NOBODY contacted me via PM, so far... NOBODY... I repeat, NOBODY contacted me. And a lot of people saw that message,...
So you're here as a good Samaritan then, saving everyone you can from a wasted life spent in the Forex markets?

That's a little odd.
  • #47
  • May 16, 2013 11:55pm May 16, 2013 11:55pm
it is time for an update.

view #1:
EURAUD 92
GBPAUD 58
EURCHF 39
EURGBP 34
CADCHF 25
NZDCHF 20
EURNZD 19
EURCAD 14
GBPCHF 4
NZDCAD -5
GBPNZD -16
GBPCAD -21
AUDCHF -53
AUDNZD -73
AUDCAD -78

view #2:
EURAUD 92
AUDCAD -78
AUDNZD -73
GBPAUD 58
AUDCHF -53
EURCHF 39
EURGBP 34
CADCHF 25
GBPCAD -21
NZDCHF 20
EURNZD 19
GBPNZD -16
EURCAD 14
NZDCAD -5
GBPCHF 4

does anybody remember the rules to trade these numbers?

sell at or near +100
buy at or near -100
sell at or near 0.

hint: the euraud is in the hotseat.

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  • #48
  • May 17, 2013 12:49am May 17, 2013 12:49am
new trades executed.

4.00 lots short euraud at approx 1.3178

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  • #49
  • May 17, 2013 1:00am May 17, 2013 1:00am
Quoting slam.dunk
new trades executed. 4.00 lots short euraud at approx 1.3178 http://www.youtube.com/watch?v=34reItvqzPs
You should start a journal slam.dunk. This thread is about traders that are failures. Not good for the psyche.
Nothing worth having is easy.
  • #50
  • May 17, 2013 1:36am May 17, 2013 1:36am
Quoting MapleLeaf
{quote} So, do you accept my BET? You laugh and call me names, but, let's go directly to the point, do you ACCEPT, YES OR NO?... If you don't answer, I will take that as a "NO", which means you cannot do it. I will give you 10K dollars, and we will sign a legal contract for proof, if you can make a living off forex for the next 12 months in a row. If you lose, you give me 10 K. I opened the proposal for anyone in this forum and NOBODY contacted me via PM, so far... NOBODY... I repeat, NOBODY contacted me. And a lot of people saw that message,...
perhaps we should establish a channel of communications between you and my senior fund manager(mr roger)..

the deal will work like this:

for every three percent of profit gained, you will receive two of the percent and my trading firm will receive one of the percents.

i will require an email address from you to start the ball rolling.

mahalo.
contact zero 510-684-1114
  • #51
  • May 17, 2013 2:02am May 17, 2013 2:02am
Quoting slam.dunk
{quote} perhaps we should establish a channel of communications between you and my senior fund manager(mr roger).. the deal will work like this: for every three percent of profit gained, you will receive two of the percent and my trading firm will receive one of the percents. i will require an email address from you to start the ball rolling. mahalo.
Finally proof that successful forex trading is possible is on its way.
I can't wait for the results.
I just knew it. There are some many forex millionaires out there there are just too many to count. I think my neighbor is one.
I am so thrilled, this is going to change my mind about the pie-in-the-sky in your dreams world of forex. Can't wait.
  • #52
  • May 17, 2013 2:15am May 17, 2013 2:15am
the euraud indicator is now at +94 and the price is at 1.3210

the basis of my work is that we will not exceed +100 on the indicator.

your patience is appreciated.

mahalo.

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  • #53
  • May 17, 2013 3:00am May 17, 2013 3:00am
gbpnzd position closed.
nzdcad position closed.

euraud position of 4.00 lots short remains open and active.

i'm off to bed, will return later.

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  • #54
  • May 17, 2013 6:14am May 17, 2013 6:14am
Quoting leor
Am i the only person who believes 20%-50% per quarter (months at least is a realistic goal) and why do so many traders on here say its not i know a few of individuals who are doing this and some are even achieving 35% + a month could someone explain preferably someone who's actually a successful trader if that exists on here?
Hello, I believe that reality is somewhere around 40% maximum. Over the 40% .... i dont know man
  • #55
  • May 17, 2013 9:09am May 17, 2013 9:09am
ok, back to work now...

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  • #56
  • Edited 9:29am May 17, 2013 9:18am | Edited 9:29am
Gross Profit:32674.28
Gross Loss:1184.41
Total Net Profit:31489.87
Profit Factor:27.59
Expected Payoff:1369.12
Absolute Drawdown:1107.71
Maximal Drawdown:1176.04 (1.18%)
Relative Drawdown:1.18% (1176.04)
Total Trades:23
Short Positions (won %):10 (50.00%)
Long Positions (won %):13 (92.31%)
Profit Trades (% of total):17 (73.91%)
Loss trades (% of total):6 (26.09%)
Largest profit trade:5528.45
loss trade:-394.52
Average profit trade:1922.02
loss trade:-197.40
Maximumconsecutive wins ($):9 (32597.58)
consecutive losses ($):3 (-1 176.04)
Maximal consecutive profit (count):32597.58 (9)
consecutive loss (count):-1176.04 (3)
Average consecutive wins:9
consecutive losses:3

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  • #57
  • May 17, 2013 3:04pm May 17, 2013 3:04pm
Quoting MapleLeaf
{quote} So, do you accept my BET? You laugh and call me names, but, let's go directly to the point, do you ACCEPT, YES OR NO?... If you don't answer, I will take that as a "NO", which means you cannot do it. I will give you 10K dollars, and we will sign a legal contract for proof, if you can make a living off forex for the next 12 months in a row. If you lose, you give me 10 K. I opened the proposal for anyone in this forum and NOBODY contacted me via PM, so far... NOBODY... I repeat, NOBODY contacted me. And a lot of people saw that message,...
Dude, I am not calling you names, you just sound like Mingary.

Your intense interest to disprove the possibility of long term profits in forex reminds me of him that's all.

I have never offered to accept any bet.

Your passion for proving your point no doubt originates from a jaded disappointment with your own failure.

Like I said, you remind me of Mingary

Lol...
Come with me if you want to live....
  • #58
  • May 18, 2013 2:04am May 18, 2013 2:04am
Quoting Ill-b-back
{quote} Dude, I am not calling you names, you just sound like Mingary. Your intense interest to disprove the possibility of long term profits in forex reminds me of him that's all. I have never offered to accept any bet. Your passion for proving your point no doubt originates from a jaded disappointment with your own failure. Like I said, you remind me of Mingary Lol...
You see?

You cannot make a living off forex, thus you cannot accept it.

Interesting to know who is really who here.

LOL.
The Black Swan: The Impact of the Highly Improbable
  • #59
  • May 18, 2013 2:20am May 18, 2013 2:20am
Quoting MapleLeaf
{quote} You see? You cannot make a living off forex, thus you cannot accept it. Interesting to know who is really who here. LOL.
I'm not really understanding your point.

I've never professed to be a professional FX trader or even a decent one.

I simply made the observation that the intensity of your posts no doubt reflects the certainty of your conviction that no one can make a living from forex.

Aside from the statistics you quoted, I cannot help but feel this conviction is reinforced by your own FX failure.

And this makes you sound like Mingary.

If you have read anything other than this observation in my posts, then I apologise for misleading you.

lol....
Come with me if you want to live....
  • #60
  • May 18, 2013 3:14am May 18, 2013 3:14am
Retail forex trading analogy (1912).

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