Are there any successful Traders in Forex Factory? | Forex Factory

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Are there any successful Traders in Forex Factory?

  • #1
  • First Post: Jan 31, 2015 10:11am Jan 31, 2015 10:11am
Often the 95% losers and 5 % winner statistics is thrown out for the retail trading community . Instead of debating about why and how etc .. This thread is a call to all Successful traders in forex factory , to share their winning philosophy and learnings and systems if they want to share ..

Just for the sake of thread , let us define success as " being in profit ( could be 1% also) net after atleast two years of Trading". So how many such traders have we got in forex factory ..

I am not in that category .. so the quest continues ...
  • #2
  • Jan 31, 2015 11:24am Jan 31, 2015 11:24am
Quoting connect_ananth
Often the 95% losers and 5 % winner statistics is thrown out for the retail trading community . Instead of debating about why and how etc .. This thread is a call to all Successful traders in forex factory , to share their winning philosophy and learnings and systems if they want to share .. Just for the sake of thread , let us define success as " being in profit ( could be 1% also) net after atleast two years of Trading". So how many such traders have we got in forex factory .. m not in that category .. so the quest continues ...
The 5% you mention dont waste their time here. So... zero.
  • #3
  • Jan 31, 2015 11:32am Jan 31, 2015 11:32am
Quoting connect_ananth
Often the 95% losers and 5 % winner statistics is thrown out for the retail trading community . Instead of debating about why and how etc .. This thread is a call to all Successful traders in forex factory , to share their winning philosophy and learnings and systems if they want to share .. Just for the sake of thread , let us define success as " being in profit ( could be 1% also) net after atleast two years of Trading". So how many such traders have we got in forex factory .. I am not in that category .. so the quest continues ...
As far as my experience goes, nobody will share his profitable approach at no cost....
Mind is the King
  • #4
  • Jan 31, 2015 11:45am Jan 31, 2015 11:45am
connect,

Be wary of the commercial vendors here on FF - if they were truly successful, why would they need to be peddling their EAs, indicators, systems,etc?
The very fact they earn money by selling products proves they're not successful traders. If you have the goose that lays the golden eggs, you never sell it.
  • #5
  • Jan 31, 2015 12:10pm Jan 31, 2015 12:10pm
Quoting gravitist
connect, Be wary of the commercial vendors here on FF - if they were truly successful, why would they need to be peddling their EAs, indicators, systems,etc? The very fact they earn money by selling products proves they're not successful traders. If you have the goose that lays the golden eggs, you never sell it.
I agree with you. Those who sell systems, EAs and indicators have nothing profitable to trade. They sell their useless materials to make profit!
Trading is the hardest way to make easy money...
  • #6
  • Jan 31, 2015 12:19pm Jan 31, 2015 12:19pm
Dear MM ,

I believe it depends upon individual so share the views or not , but the first point is .. are there any successful traders as per my very limited criteria -- minimum 2 years trade and account in profit....

so is forex a worthy business for retailers at all to make money ?????

Quoting MikiMax
{quote} As far as my experience goes, nobody will share his profitable approach at no cost....
  • #7
  • Jan 31, 2015 12:21pm Jan 31, 2015 12:21pm
You only need to learn the basics of trading which is widely available for free on the internet. correctly identifying if the current market is trending or range bound and make an assessment on which type of bias you want to make and of course properly set leverage and risk to reward.

If you get that down pat you should have no problem making a profit.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #8
  • Jan 31, 2015 12:24pm Jan 31, 2015 12:24pm
Dear Gravitist.

Appreciate your inputs .. but in FX sharing a strategy at retail level , does not cause any ramifications to the market .. retailers are just a spec in the market ...

Quoting gravitist
connect, Be wary of the commercial vendors here on FF - if they were truly successful, why would they need to be peddling their EAs, indicators, systems,etc? The very fact they earn money by selling products proves they're not successful traders. If you have the goose that lays the golden eggs, you never sell it.
  • #9
  • Jan 31, 2015 12:25pm Jan 31, 2015 12:25pm
Dear Ar ,

I am sure we do have quite a Pro level traders in FF , Just that we never come to know .....

Quoting Anusragger
{quote} The 5% you mention dont waste their time here. So... zero.
  • #10
  • Jan 31, 2015 12:29pm Jan 31, 2015 12:29pm
Quoting connect_ananth
Often the 95% losers and 5 % winner statistics is thrown out for the retail trading community . Instead of debating about why and how etc .. This thread is a call to all Successful traders in forex factory , to share their winning philosophy and learnings and systems if they want to share .. Just for the sake of thread , let us define success as " being in profit ( could be 1% also) net after atleast two years of Trading". So how many such traders have we got in forex factory .. I am not in that category .. so the quest continues ...
Well thats some Kind of the wrong question, because, if someone really would be profitable, he would not post here at FF. Why would he? I mean, if someone is really successful, why surround yourself with a bunch of losing traders? Believe me, nobody who knows how to trade posts here.
Forex is a losers game.
  • #11
  • Jan 31, 2015 12:32pm Jan 31, 2015 12:32pm
Quoting saoldric
You only need to learn the basics of trading which is widely available for free on the internet. correctly identifying if the current market is trending or range bound and make an assessment on which type of bias you want to make and of course properly set leverage and risk to reward. If you get that down pat you should have no problem making a profit.
I see from your trades that although you are profitable, you are running a 270 pip loss at the moment on EUR/USD. Most people here would never have anywhere near that kind of loss running, so you either have an extremely large account, or your risk tolerance is way beyond what most people would accept. Trading as you say should be made as simple as possible, but it does not just require a knowledge of the basics. If that is all that was required, we'd all be millionaires.
  • #12
  • Jan 31, 2015 12:32pm Jan 31, 2015 12:32pm
Dear Saoldric,

Appreciate your comments.. Are you one of those still successful after 2 years ... then you have kept it simple !

Quoting saoldric
You only need to learn the basics of trading which is widely available for free on the internet. correctly identifying if the current market is trending or range bound and make an assessment on which type of bias you want to make and of course properly set leverage and risk to reward. If you get that down pat you should have no problem making a profit.
  • #13
  • Jan 31, 2015 12:35pm Jan 31, 2015 12:35pm
Quoting trader121
{quote} Well thats some Kind of the wrong question, because, if someone really would be profitable, he would not post here at FF. Why would he? I mean, if someone is really successful, why surround yourself with a bunch of losing traders? Believe me, nobody who knows how to trade posts here.
Reading these forums is a kin to going to the local kennal and watching the pups play with each other. Sometimes even the pups can surprise you by doing something thats unconventional. That in itself is worth a look every once in awhile .
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #14
  • Jan 31, 2015 12:36pm Jan 31, 2015 12:36pm
Quoting cat
{quote} I see from your trades that although you are profitable, you are running a 270 pip loss at the moment on EUR/USD. Most people here would never have anywhere near that kind of loss running, so you either have an extremely large account, or your risk tolerance is way beyond what most people would accept. Trading as you say should be made as simple as possible, but it does not just require a knowledge of the basics. If that is all that was required, we'd all be millionaires.
Read Cat's topic about sniping. 95% of the traders have a mindset where "patience must pay off". They trade the most ridiculous trade setups purely based on emotions.
  • #15
  • Jan 31, 2015 12:39pm Jan 31, 2015 12:39pm
Dear trader 121,

There surely are self made people in ff , yes may not be in huge numbers , but how many ?we will get to know based on the response....

Quoting trader121
{quote} Well thats some Kind of the wrong question, because, if someone really would be profitable, he would not post here at FF. Why would he? I mean, if someone is really successful, why surround yourself with a bunch of losing traders? Believe me, nobody who knows how to trade posts here.
  • #16
  • Jan 31, 2015 12:40pm Jan 31, 2015 12:40pm
Quoting cat
{quote} I see from your trades that although you are profitable, you are running a 270 pip loss at the moment on EUR/USD. Most people here would never have anywhere near that kind of loss running, so you either have an extremely large account, or your risk tolerance is way beyond what most people would accept. Trading as you say should be made as simple as possible, but it does not just require a knowledge of the basics. If that is all that was required, we'd all be millionaires.
On the eurusd trade I have going will have to lose about 500 before closing and agreeing that I was wrong. It was the plan that was put in place when I opened it.I have a hedge in the other direction based off a lower timeframe. Most traders are to emotional,you can't have emotions running a business, it can become unstable to easily.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #17
  • Jan 31, 2015 12:50pm Jan 31, 2015 12:50pm
Quoting saoldric
{quote} On the eurusd trade I have going will have to lose about 500 before closing and agreeing that I was wrong. It was the plan that was put in place when I opened it.I have a hedge in the other direction based off a lower timeframe. Most traders are to emotional,you can't have emotions running a business, it can become unstable to easily.
Well you know what, you might just come out of it okay, and whilst I'm not calling a bottom, it has found support for now on the 61.8% fib anchored from the low in 2000, that's the year 2000, and according to my charts, we could start to see the euro peg back some of its losses over the coming weeks. We'll see. Hope it goes for you.
  • #18
  • Jan 31, 2015 12:55pm Jan 31, 2015 12:55pm
Quoting cat
{quote} Well you know what, you might just come out of it okay, and whilst I'm not calling a bottom, it has found support for now on the 61.8% fib anchored from the low in 2000, that's the year 2000, and according to my charts, we could start to see the euro peg back some of its losses over the coming weeks. We'll see. Hope it goes for you.
I won't feel anything if it gets stopped out. Its either going to get stopped out or go to 1.25...There are always more opertunities.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #19
  • Jan 31, 2015 12:58pm Jan 31, 2015 12:58pm
There are no long term successful spot retails forex traders there never has bee and there never will.
  • #20
  • Jan 31, 2015 1:01pm Jan 31, 2015 1:01pm
Strange thread... Why anyone would share his "ATM's" PIN code here...??
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