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Are there any successful Traders in Forex Factory?

  • #21
  • Edited 1:22pm Jan 31, 2015 1:04pm | Edited 1:22pm
Forex is a business that needs a lot of attention and time. More than most day jobs. The reason %95 lose money is because it's available to anybody with $50 in their pocket. Majority of this market is under-capitalized fools with ridiculous wet dreams of becoming rich running around like headless chickens with their little accounts.

No you will not become a market guru or a successful trader with your $1000 account trying to scalp 5 pips. You're going to lose all your money, eventually!
No 270 pips floating loss is not big in forex at all.

And I agree with people above, successful people on this board don't 'teach or sell' anything to anybody. If you believe ; 'Oh I am so successful, now I just want to help people ' Well.. you know the old saying about a fool and his money....


Quoting Mingary
There are no long term successful spot retails forex traders there never has bee and there never will.
What a croc of sh.. It's like saying there are no long term successful traders in any of the financial markets. Pull out your usd/jpy Daily chart and compare it to other financial markets. It's no different than any other financial instrument. Price goes up and down - shocking, isn't it ?
The only difference is other markets are not full of under-capitalized fools trying to become scalp gurus. Thanks to regulations.

Pull up your GBP/USD Daily chart. Do you see a rigged market ? a fools game ? Let me tell you, it doesn't get any easier than that. 2013 up, 2014 down - straight shot. You don't even need any indicators to make money in forex.

Only fools with big egos and small accounts scalp intraday and lose their shirt and then come here cry and whine.
  • #22
  • Jan 31, 2015 1:05pm Jan 31, 2015 1:05pm
Quoting jpadvisor
All we need, after a good mechanical system, is to do a personal trading plan and stick to it. For some suggestions about trade management and money management have look at this PDF. It's a little aged but with a lot of hints. {image}
He posted an interesting pdf. Most retail traders have a higher win rate than 50%. But their r/r is off so they lose much more than they gain.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #23
  • Jan 31, 2015 1:05pm Jan 31, 2015 1:05pm
Quoting Mingary
There are no long term successful spot retails forex traders there never has bee and there never will.
.
Attached Image (click to enlarge)
Click to Enlarge Name: mirror-on-face.png Size: 175 KB
  • #24
  • Jan 31, 2015 1:17pm Jan 31, 2015 1:17pm
MasterGuru,,

Let me clarify your and most of the peoples thinking of why would any one share his successful ways ? per my perception

1.the Successful people do not loose because they are successful for a reason, it is not like a grocery shop that if you help other people set up you actually would end up building up own competitor -- it is a very huge market where retailers are only a little spec - so your anology to ATM is inappropriate ...

2. it is not easy for any one to be successful --- else we would have many millionaires ...


Quoting MasterGuru
Strange thread... Why anyone would share his "ATM's" PIN code here...??
  • #25
  • Jan 31, 2015 1:19pm Jan 31, 2015 1:19pm
Quoting Robertk
{quote} . {image}
This is not a mirror ? (my apologies to Magritte)

The CHF debacle shoud make it clear to anyone. Unless under heavy delusion which is rather common
Of course it's possible to make a few pips here and there...
Eventually you pay the piper its due..
  • #26
  • Jan 31, 2015 1:23pm Jan 31, 2015 1:23pm
so Mingary -- you would say that forex trading is not for retailers ?? and you just have inquisitive interest to participate in these forums...

so true .. that i have not come across any news or articles about retailers who have made small headlines either ...

Quoting Mingary
There are no long term successful spot retails forex traders there never has bee and there never will.
  • #27
  • Jan 31, 2015 1:26pm Jan 31, 2015 1:26pm
Quoting connect_ananth
MasterGuru,, Let me clarify your and most of the peoples thinking of why would any one share his successful ways ? per my perception 1.the Successful people do not loose because they are successful for a reason, it is not like a grocery shop that if you help other people set up you actually would end up building up own competitor -- it is a very huge market where retailers are only a little spec - so your anology to ATM is inappropriate ... 2. it is not easy for any one to be successful --- else we would have many millionaires ... {quote}
Being a millionaire isn't really that special anymore, its becoming more common place. Thanks to devaluing the dollar by 97%
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #28
  • Jan 31, 2015 1:28pm Jan 31, 2015 1:28pm
Quoting connect_ananth
so Mingary -- you would say that forex trading is not for retailers ?? and you just have inquisitive interest to participate in these forums... so true .. that i have not come across any news or articles about retailers who have made small headlines either ... {quote}
Exactly.
It's obvious that if retailers were successful you would hear so much more about those "who made it".
  • #29
  • Jan 31, 2015 1:29pm Jan 31, 2015 1:29pm
Friends ,

I find some good ideas and thoughts flowing in .. but the question is "Are there any traders who has done Fx trading for minimum 2 years and still profitable ?? - till now the opinions seems to range from there can never be to i am not in the category -- so still to get that elusive trader !
  • #30
  • Jan 31, 2015 1:35pm Jan 31, 2015 1:35pm
Quoting Mingary
{quote} Exactly. It's obvious that if retailers were successful you would hear so much more about those "who made it".
So, I had gbp/usd long in 2013 and short since mid/late 2014 in my portfolio - up more than 3500 pips on g/u alone. So should I be in news/articles ? Am I not retail ?

There are millions of people playing spot forex and making very good returns. Just not the fools 'scalping' with their small accounts.
  • #31
  • Jan 31, 2015 1:40pm Jan 31, 2015 1:40pm
Quoting cenetti
{quote} So, I had gbp/usd long in 2013 and short since mid/late 2014 in my portfolio - up more than 3500 pips on g/u alone. So should I be in news/articles ? Am I not retail ? There are millions of people playing spot forex and making very good returns. Just not the fools 'scalping' with their small accounts.
That is not possible. The stats don't show that.
  • #32
  • Jan 31, 2015 1:44pm Jan 31, 2015 1:44pm
Dear Cenetti -

Then as per the simple criteria , you are the first one identified in the category .. good to have one

But why to ridicule the players as fools ? .Given your success you can share your winning ways to help them win ,, if you wish , it is ok if not.

well my point about "not made it big" was we hear about Warren and Soros, but from retail trading i have not heard one ( let me know if there are any) but please not the ones who are selling out trading strategies , EA etc ...

the main question that we are trying to address is we know millions of people playing spot forex.. but how many are able to sustain profitability --- with a criteria of minimum 2 years of trading...


Quoting cenetti
{quote} So, I had gbp/usd long in 2013 and short since mid/late 2014 in my portfolio - up more than 3500 pips on g/u alone. So should I be in news/articles ? Am I not retail ? There are millions of people playing spot forex and making very good returns. Just not the fools 'scalping' with their small accounts.
  • #33
  • Jan 31, 2015 1:48pm Jan 31, 2015 1:48pm
Quoting connect_ananth
Dear Cenetti - Then as per the simple criteria , you are the first one identified in the category .. good to have one But why to ridicule the players as fools ? .Given your success you can share your winning ways to help them win ,, if you wish , it is ok if not. well my point about "not made it big" was we hear about Warren and Soros, but from retail trading i have not heard one ( let me know if there are any) but please not the ones who are selling out trading strategies , EA etc ... the main question that we are trying to address is we know millions...
honestly i wouldn't want my real name in the public domain. It makes social interactions extremely tedious if everyone knows what you can/do.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #34
  • Jan 31, 2015 1:49pm Jan 31, 2015 1:49pm
I did my first year of trading make more than 100k with 5k deposit. After that i lose more than 50k then im still up in diferents accounts because i split brokers. I will upload statament later.
Trading 24/h
  • #35
  • Jan 31, 2015 1:53pm Jan 31, 2015 1:53pm
Quoting FxAndres
I did my first year of trading make more than 100k with 5k deposit. After that i lose more than 50k then im still up in diferents accounts because i split brokers. I will upload statament later.
people tend to either worship the ground you walk on or vehemently deny that its possible. In my experience there is rarely a middle ground.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #36
  • Jan 31, 2015 1:59pm Jan 31, 2015 1:59pm
Quoting Mingary
{quote} That is not possible. The stats don't show that.
So you have the data covering whole $200billion a day retail market. Ok.

Quoting connect_ananth
Dear Cenetti - Then as per the simple criteria , you are the first one identified in the category .. good to have one But why to ridicule the players as fools ? .Given your success you can share your winning ways to help them win ,, if you wish , it is ok if not. well my point about "not made it big" was we hear about Warren and Soros, but from retail trading i have not heard one ( let me know if there are any) but please not the ones who are selling out trading strategies , EA etc ... the main question that we are trying to address is we know millions...
Because most are fools. They keep repeating same mistakes over and over again. Smart people learn from their mistakes.

As for my "winning ways" ... See .. this is what I mean when I say 'fools' - There is no special ways. There is no trickery. There is nothing to teach or sell. I've already explained my 'ways' in this thread already. Open g/u daily chart and look at it. If you can't see it as clear as day, i don't know what to tell you then. It's a straight up/down. Put a 30 day MA if it's hard to see the trend. It doesn't get any easier than that!
  • #37
  • Jan 31, 2015 2:00pm Jan 31, 2015 2:00pm
This thread is redundant in that why would anyone else need to care about who is profitable and who isnt? Ill tell you what it always comes down to, its just noobs looking to copy other traders for free info. But ultimately, it simply comes down to you versus yourself and nothing more. Trading in the markets can teach you a lot about yourself and people as instinctual beings. At the end of the day what is your bottom line? The closest thing to a holy grail is becoming a broker or a bank and earning consistent guaranteed profit or at least be one step up from most.
All posts are my personal opinion
  • #38
  • Jan 31, 2015 2:02pm Jan 31, 2015 2:02pm
I'm tired of hearing "only fools this, or only fools that".

I started trading nearly 15 years ago, and in my humble opinion...the only fools are the ones that take advice from forums.
Everybody has their own way of trading, and because of the the vast diversity of different personalities here, its easy to get lost.

I have had one too many drinks at the moment, so no point in going in to a detailed discussion, however , I have made enough for an expensive holiday starting from £37 in the past, purely from scalping.
I have also secured my Daughters future, with long term trades.

The bottom line is...It can be done if you don't give up...and read and learn from others , but don't trade from their advice.

Find the way way that makes trading as comfortable as possible for YOU, and use all the patience and discipline that you have.

Wishing you all green pips/points

Paul.
  • #39
  • Jan 31, 2015 2:09pm Jan 31, 2015 2:09pm
If you have an eye and can read price action, which in my mind equates to reading people's emotions, it is possible to make a lot of money. There are very few people who have that ability and the patience to wait for the timing to be correct. Technical analysis is pure garbage, sorry there is no set of rules you can follow that will consistently make money. It ALWAYS fails.

By the way, i recognize that my trading lately is pure gambling. Those of you looking at my trade explorer thinking I know something, I don't. I got lucky, period.

From this point on I'm done with the heavy leverage. I'm gonna try the same price action trading without having a heart attack every time I make a trade. Not as much fun but for sure smarter.
  • #40
  • Jan 31, 2015 2:11pm Jan 31, 2015 2:11pm
Quoting FxAndres
I did my first year of trading make more than 100k with 5k deposit. After that i lose more than 50k then im still up in diferents accounts because i split brokers. I will upload statament later.

And if you want know how i did that, the reply is simple i dont know anything about indicators or stupid system that dont work just trading with eye, buying low and selling high.
Trading 24/h
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