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Are there any successful Traders in Forex Factory?

  • #61
  • Jan 31, 2015 4:45pm Jan 31, 2015 4:45pm
yes there are.

Once you realize that losing is part of the business and are willing to take the loss and learn from it, then you'll be fine.
I think your question should be changed to this " Are there any traders who are successfull after two years?"
In the beginning you'll lose anyway, it's that learning money. Demo won't help to become a wolf, rutheless, emotionless. If you can't feel the loss in your cells when you start you'll never get over that edge to become a successfull trader. Why? Simple, you have to FEEL some pain to learn from your mistakes. And trust me, EVERYBODY who is making a living out of FX trading has gone trhough that.

Enough said.
  • #62
  • Jan 31, 2015 5:11pm Jan 31, 2015 5:11pm
Quoting stt
{quote} But usually they have some sort of an informational advantage (be it better data, better analysts or just access to better information).

Hey st.. agreed...There are quite a few retail traders doing good things with their accounts on an annual basis ... I completely agree too the Institutional side has the Information advantage over retail and with such a fine line between constant success or just having success over a few Months it makes all the difference...

Hope your all good..
Memories caught in time but never forgotten
  • #63
  • Jan 31, 2015 5:18pm Jan 31, 2015 5:18pm
Quoting Mingary
{quote} 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..
Mingary, mingary, CHF had the risk of a fixed price floor being removed. If investment companies / retail traders did not include that potential risk within their trading, well... then they actually deserve to lose a good amount because implementing all kinds of risk is part of the game. Now if this gap would have happened on non-pegged currency its a whole different story.
  • #64
  • Jan 31, 2015 6:21pm Jan 31, 2015 6:21pm
there can be ONLY one, but seems it takes 17yrs to get there,
(his name is Charlie)
not sure he visits Forex Factory much though?

see from about 8 minutes in
Inserted Video
  • #65
  • Jan 31, 2015 6:48pm Jan 31, 2015 6:48pm
Carlsberg,


There can be only ONE. His name is Duncan McCloud of the clan McCloud. He is the Highlander
  • #66
  • Jan 31, 2015 7:23pm Jan 31, 2015 7:23pm
Quoting Carlsberg
there can be ONLY one, but seems it takes 17yrs to get there, (his name is Charlie) not sure he visits Forex Factory much though? see from about 8 minutes in https://www.youtube.com/watch?v=_ZgV0fWGWmM
I used to follow him, not convinced.

Alessio rastani made Kevin burton and his mate kim a lot of money.

They also claim to run their own black box trading system, and manage other peoples money professionally - no real proof that is true

Additionally they had their own fund for retail clients, which didn't do so well, though to be fair they didn't trade the money. There was something suspicious about the lack of transparency with their "global fx opportunity fund" - money went into the fund, a lot less came out
  • #67
  • Jan 31, 2015 7:23pm Jan 31, 2015 7:23pm
The reason IMO people dont make money trading forex, is
1) they dont trade on a demo account until they are profitable, most are to stubborn and want to make money now,
2) They dont have big enough capital to start, yes you hear about the 1 guy out of 1000 traders who turned his account from 500 to xxxx or whatever. But lets be honest you need to have a big account to feel comfortable, not worry about a lose, gives you time to learn from your loses etc
3) they think their is some magic system out there they can buy
4) they are trying to re-create the wheel

Been trading for 20 months, first 6 months lost a lot of money (reasons above hahahaha), then went to a demo account for 5 months made money but Im still not sure how hahaha

Past 8 months I have learned

Price Channels (essential S&R confirmed with volume at price)
Price patterns, Triangles, wedges, double tops etc
Harmonics Butterfly, AB-CD, Gartley etc
OBV and OBV S&R
Trend and Trend S&R
Volume at Price
And most importantly learning how the market moves at key S&R points, so your able to manage your postion to limit risk and go with the trend because the market doesnt always move in the direction everything is tell you.
Learn, a forex trader must, unlearn and relearn he will.
  • #68
  • Jan 31, 2015 7:29pm Jan 31, 2015 7:29pm
Come on. Think. Losers only here. (Me not included, I'm the best).
  • #69
  • Jan 31, 2015 7:48pm Jan 31, 2015 7:48pm
will be one of them soon....I hope
  • #70
  • Jan 31, 2015 10:40pm Jan 31, 2015 10:40pm
Quoting Carlsberg
there can be ONLY one, but seems it takes 17yrs to get there, (his name is Charlie) not sure he visits Forex Factory much though? see from about 8 minutes in https://www.youtube.com/watch?v=_ZgV0fWGWmM
that woman should not be trading, she is far to emotional, and has no idea on how she trades. Its all instinct with her, shes going to lose it all. It was painful for me to watch. The old person investment group seems like they are just enjoying themselves while trading extremely safe with minimal gains/loss, and there is nothing wrong with that. That Charlie guy, seems like he makes good money. but looking in, his life seems quite lonely that he can drop everything to spend time with his friend. No girlfriend, wife, kids....nice car though.

ive never really understood why people want to manage a massive account size of other peoples money. You can make an extremely large amount of money trading, why do you need other peoples money to do it? The goal just seems ephemeral, something that brings happiness is really the only thing that will bring true value to your life, usually family.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #71
  • Jan 31, 2015 10:56pm Jan 31, 2015 10:56pm
Quoting COGSx86
The reason IMO people dont make money trading forex, is 1) they dont trade on a demo account until they are profitable, most are to stubborn and want to make money now, 2) They dont have big enough capital to start, yes you hear about the 1 guy out of 1000 traders who turned his account from 500 to xxxx or whatever. But lets be honest you need to have a big account to feel comfortable, not worry about a lose, gives you time to learn from your loses etc 3) they think their is some magic system out there they can buy 4) they are trying to re-create...
Cannot agree more with this. Most of the successful traders actually don't rely on rsi, stochastic, bollinger and etc but focus on the things that mentioned.
  • #72
  • Jan 31, 2015 11:26pm Jan 31, 2015 11:26pm
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 ...
why cant people ever give a SIMPLE answer to these question...YES i am profitable or NO...its that simple..just a bunch of blah blah blah
i am not prfitable
  • #73
  • Feb 1, 2015 12:06am Feb 1, 2015 12:06am
Dear Rtm,


Would you be in a business where 95% fail and still you do not find the 5% ??? The only info i am looking for are there even a few of those 5% with my simple criteria - profit after two years of trading in forex factory !..

Quoting Rtm
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...
  • #74
  • Feb 1, 2015 12:10am Feb 1, 2015 12:10am
Dear eWave24 - good Contribution....

Quoting eWave24
I don't meet the 2 year requirement, but may have something to contribute here. I've been trading FX for 4 years full time. The first 3 years were unprofitable. In 2014, I made a profit of 72%. There was a comment that the 5% won't post on FF. Well, I can say from my own personal experience, I've tried to post here and help out the new traders, but other posters came in and gave information that I thought would only lead to failure. I'm more than willing to help other traders, I would not want them to endure what I did, but at the same time I'm...
  • #75
  • Feb 1, 2015 12:15am Feb 1, 2015 12:15am
Dear Cogs -- Good contribution!

Quoting COGSx86
The reason IMO people dont make money trading forex, is 1) they dont trade on a demo account until they are profitable, most are to stubborn and want to make money now, 2) They dont have big enough capital to start, yes you hear about the 1 guy out of 1000 traders who turned his account from 500 to xxxx or whatever. But lets be honest you need to have a big account to feel comfortable, not worry about a lose, gives you time to learn from your loses etc 3) they think their is some magic system out there they can buy 4) they are trying to re-create...
  • #76
  • Feb 1, 2015 1:54am Feb 1, 2015 1:54am
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.
.

Absolutely agree with you.trading is actually that simple but yet difficult
  • #77
  • Feb 1, 2015 1:55am Feb 1, 2015 1:55am
Quoting Carlsberg
there can be ONLY one, but seems it takes 17yrs to get there, (his name is Charlie)
It may be true that he is making lots of money but that's because he trades lots of money - usually 4 standard lots/pip - so even if the price moves only 10 pips in his favour he makes $400 =~£260. You need very deep pockets to trade like that. For most of us the price has to move for at least 50 pips before we see any "real" money and we all know that, most of the time, the price reverses long before it reaches that level.

What intrigues me is that his associates, Kim and Sam, do not appear to make that kind of money otherwise why try so hard to sell you their course?! I keep receiving discounts on their course, I think on one email the discount was as much as £800!!

Bottom line is: Nobody can teach you how to make money. Someone can only show you how they trade successfully but what works for them may not work for you.
  • #78
  • Feb 1, 2015 2:49am Feb 1, 2015 2:49am
Most successful Forex trader I've ever met was an architect. I was invited to a dinner party at his $10M+ home. He only talked about his trades after i told him about myself. Look at him once you'd never know he's a successful forex trader. One minute he's this artsy fartsy guy, next minute he's talking about how he went short e/u in 2011 and made a million.

So, you'll never know.
  • #79
  • Feb 1, 2015 5:25am Feb 1, 2015 5:25am
Quoting eWave24
I don't meet the 2 year requirement, but may have something to contribute here. I've been trading FX for 4 years full time. The first 3 years were unprofitable. In 2014, I made a profit of 72%. There was a comment that the 5% won't post on FF. Well, I can say from my own personal experience, I've tried to post here and help out the new traders, but other posters came in and gave information that I thought would only lead to failure. I'm more than willing to help other traders, I would not want them to endure what I did, but at the same time I'm...
Story of my trading life. Although Ive been in the game longer than you and have been robbing the markets for over 5 yrs, but I turned the corner when I moved away from day trading and scalping and moved on to formulate a method weaved around Daily, Weekly and Monthly charts with stoploss of 400pips.

If you ask me Ill say there are 4 simple rules to being a successful trader fx trader. 1. build your strategy around higher time frames. 2. Have a generous stoploss. 3. Be well capitalized and lastly and most importantly you must have an edge.
  • #80
  • Feb 1, 2015 6:43am Feb 1, 2015 6:43am
in my opinion best way to make profit is wok with Team ...
Suppose one technical analyst
2nd fundemental analyst
3rd economist
4th expert in chart patterns
5th expert in indicators
6th expert in harmonic pattens
7th expert in Elliot wave
8th expert in trendline and fibo levels
9th piovt point expert
10th an language expert which can watch listen and understand English news channels like Bloom berg , and some more to keep in mind what t big analyst o makert maker viewd
11th a person tu read website articles and economy calendar to tell u which news ahad and
if u can make a team like this .. u will never face losses ... its my promise .. so better to make a Team like this
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