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  • #181
  • Jun 10, 2015 10:18am Jun 10, 2015 10:18am
Quoting Mingary
{quote} This is telling me your story cannot be true. ==> do you really think that FF represents the majority of retail traders? Yes. A lot of hope and half lived half lies and no money in the end. (:
If you truly believe FF represents the majority of retail traders across the world then I honestly no longer value your opinion.

If a trader is successful, and by successful I mean truly successful then they have to be very wealthy (assuming they started with decent capital which I know this person did) You cannot be a successful trader for 10 years straight and be poor. In fact, if you are a successful trader for 10 years straight you cannot be anything other than very very rich.

I have no interest in proving any of it, i'm barely on talking terms with this person. I admit people like him are few and far between though.

All the best,
  • #182
  • Jun 11, 2015 2:39am Jun 11, 2015 2:39am
there are people who just cant do it no matter how hard they try and study and the best thing is to stop, stop believing, stop trying etc and it's for the best.
Those who know dont talk, those who talk dont know.
  • #183
  • Jun 11, 2015 7:31am Jun 11, 2015 7:31am
Quoting Silens
there are people who just cant do it no matter how hard they try and study and the best thing is to stop, stop believing, stop trying etc and it's for the best.
This is completely true, but that's true for a lot of other things in life.

You can only fail in life when you quit at something.

I think trading attracts some people who have failed career wise because there are almost no barriers to entry. If trading had a certain entry criteria then the win/lose ratio would be much more positive.
  • #184
  • Jun 11, 2015 12:04pm Jun 11, 2015 12:04pm
Quoting Gareth22
{quote} This is completely true, but that's true for a lot of other things in life. You can only fail in life when you quit at something. I think trading attracts some people who have failed career wise because there are almost no barriers to entry. If trading had a certain entry criteria then the win/lose ratio would be much more positive.
Exactly. When someone is not good at something, they recognize it, decide if they "really" want to be good at it, and then usually quit. For some reason, the average Joe, under-average Joe, and over-average Joe, all think they can "trade". It is really no different than playing in the NBA or NFL. Either you can, or you can't. While sports is more oriented to physical aspects, trading is linked to intelligence and emotional security.

Too many chasing the gold without shovels. Too many listening to the people selling shovels about how to find the gold. The result is a lot of wannabes who are either too lazy to do the work, or are digging in the wrong spot. None have bothered to become a professional. Gotta admire all the passion though, or is it greed?
You cannot be extraordinary by being normal
  • #185
  • Jun 12, 2015 5:15am Jun 12, 2015 5:15am
not because you cant do it doesn't mean we also cant.
Those who know dont talk, those who talk dont know.
  • #186
  • Jun 14, 2015 6:25am Jun 14, 2015 6:25am
Quoting Silens
there are people who just cant do it no matter how hard they try and study and the best thing is to stop, stop believing, stop trying etc and it's for the best.
I agree, met a guy who lost thousands of dollars after trying for years.. I think he just wasnt willing to do his homework, so its best that he stopped. On the thread, I think 5%-10%/month is good?
  • #187
  • Jun 25, 2015 12:31am Jun 25, 2015 12:31am
This thread is the reason these forums are often not healthy. In answer to an earlier question, "is this forum representative of all forex traders?" . Absolutely not, it represents a large portion of the "wannabe's" out there, but most successful traders just read these things for a bit of light relief. To answer " how much can I make trading?", the answer is entirely dependent on a heap of things . yes , some people do make huge money, despite earlier disbelief from a couple of posters, there are fortunes made...but also lost. However, you will find that most successful traders have forex as part of a wider range of activities. As I have said previously, I have been trading for more than a couple of decades now. Not just forex but other markets as well. I still do trade other markets but FX is my priority these days as it can provide a more regular income.
Trading is the same as any business,it takes time, effort and investment. Will you make a living trading a few hours after work with a $10000 account? Nope. You will need to commit full time to it, learning not just methods but markets also. Not months, but years of learning. I have been trading full time for about 20 years now and met many people who have jumped on and attempted the task. Unfortunately, only a few have lasted the distance. Reasons for failing vary, but inevitably time, effort and investment are the answer. Can it be done, absolutely, I speak to people everyday who do it as a "profession" , some have vast wealth. Me? I am not here to gloat or give away secrets, but, as a bottom line, I live comfortably in a nice house by the water, have nice toys , travel frequently, have a spread of investments and have no debt. Was it easy, nope, did I lose some skin along the way, you better believe it, but can there be success....yes.
If you are serious about trading, ignore most of the posts on here, don't get caught up in the negativity towards brokers, banks and markets, ignore the noise and study the markets. There ARE some valuable contributors on here, if you look hard they will become apparent, but unfortunately the vast volume is noise. By all means, read up and have a laugh, maybe even get an idea here or there........but don't do it during your trading time...focus.
  • #188
  • Jun 25, 2015 10:44am Jun 25, 2015 10:44am
If you are going to be successful at trading on the forex market,there are a few things you need to know.

1 Which money pair is the easiest to trade?
2 What is the difference between a good trade and a bad trade?
3 Are there better times to trade than others?
4 When should I never trade?
5 How much money should I trade?
6 Can a bot trade better than I can?
7 How should I set up metatrader 4 to help me make good trade choices?
8 Can the forex market help me be successful on the binary options market?
There are four criteria that must be met before I open a forex trade.Only if the four are met will I consider opening a binary options trade.If the four are met,there is a great chance you will win your trade.As the criteria amount decreases,your success chances also decreases.I have won some trades with just one of the criteria met but I watch the market and know how it behaves.Where most traders get in trouble is when they open what they consider a good trade but actually is a questionable trade.
I am a US trader .Trading leverage 200:1
  • #189
  • Jul 11, 2015 6:27am Jul 11, 2015 6:27am
Quoting Greeny
This thread is the reason these forums are often not healthy. In answer to an earlier question, "is this forum representative of all forex traders?" . Absolutely not, it represents a large portion of the "wannabe's" out there, but most successful traders just read these things for a bit of light relief. To answer " how much can I make trading?", the answer is entirely dependent on a heap of things . yes , some people do make huge money, despite earlier disbelief from a couple of posters, there are fortunes made...but also lost. However, you will...
Thank you for your post. Can I ask you if you do intraday trading, or daily?
  • #190
  • Jul 13, 2015 2:24am Jul 13, 2015 2:24am
you can make good money trading Forex, but it does not mean that you will get your money on your bank account indeed, because sometimes brokers do not really want and rush to give your money back...
  • #191
  • Jul 13, 2015 6:47am Jul 13, 2015 6:47am
Quoting FLTrader
{quote} Thank you for your post. Can I ask you if you do intraday trading, or daily?
No problems. I tend to be a shorter term term trader. Most of my trades are intra day. Being such a huge market, open for such long hours ,the market is vulnerable to events and announcements that can cause massive swings or runs unexpectedly . I've worked hard over many years to get where I am so don't feel the need to hold my larger positions with large stops. If you are comfortable with that, then by all means trade that way. However, it is not typically the norm in this market, despite what some "experts" will tell you. If you are trading longer term always have stops in place and be hedged. Also remember, as many found out earlier this year, stops aren't guaranteed and things can get ugly. Be alert and aware ....always.
  • #192
  • Jul 13, 2015 10:09pm Jul 13, 2015 10:09pm
too many variables. But nothing is impossible.

There are traders doing 1000+ in one day, it depends on your risk management and available margin
Perfecting your entry will increase your profits
  • #193
  • Aug 9, 2015 2:09pm Aug 9, 2015 2:09pm
I'd dare to say most people coming into FX are dumb as rocks, who failed in other aspects of their life and they gonna fail here too. some do it in silence, others make a bang out of it.
there's people who deserve to make money and they make it. then there's morons who will lose every penny regardless of the business they're in. that is native and no system or EA will ever change that. If you can sell fridges at the north pole, you'll be guaranteed to be making it into the fx. If you're a piece of crap with sand instead of brains, your money is welcomed.

This is why for some losers it's non-comprehensible how money can be made in the FX. When you're stupid you don't realize it and think the whole world is struggling the same way you do.
Best regards, Zef
  • #194
  • Aug 9, 2015 5:41pm Aug 9, 2015 5:41pm
from what I hear, 90 % loses, but nobody really know, I guess you could say that is a theory. but theoretically you could win unlimited amounts of Money with the right education and self knowledge and a great trading system. all those 3 is hard to accomplish.​
Bulls are stupid Animals!especially when Im short!
  • #195
  • Aug 10, 2015 6:42am Aug 10, 2015 6:42am
Quoting roughtrader
from what I hear, 90 % loses, but nobody really know, I guess you could say that is a theory. but theoretically you could win unlimited amounts of Money with the right education and self knowledge and a great trading system. all those 3 is hard to accomplish.​
The 90% losing thing is truish. I used to work for a large CFD broker and they did an analysis that it was around 80% lost money. That didn't mean 20% were millionaires though. Could have been 10 % tread water, 5% made some money, 3% made decent money and only 2% made a lot. It is the cold hard truth that most traders don't make it.

I heard an actor in an interview the other day talking about how he made it but others didn't. He said it was kind of like a game of, "who could stay poor the longest". Because after a number of years most people left acting as they couldn't stand being poor anymore and there were only a few left who could bare the pain enough to learn and promote themselves till they made it. I see parallels with trading. As the years role on (especially the first 5 years) the attrition rate in traders is massive. After 5 years, the people who are still reading books, analysing past trades, keeping a trading diary and trying to improve themselves are the ones who have a chance.
  • #196
  • Aug 10, 2015 12:21pm Aug 10, 2015 12:21pm
Well I make a lot through trading. You can consider me as a full time trader as I spend most of my time in Forex Trading.
  • #197
  • Aug 11, 2015 2:50am Aug 11, 2015 2:50am
Quoting vidic
you can make good money trading Forex, but it does not mean that you will get your money on your bank account indeed, because sometimes brokers do not really want and rush to give your money back...
Then don't trade with such a broker. I'm trading with Mayzus broker and I never had any issue on my withdrawals from last 15+ months. I mostly get my payment on the same day requested. Only sometimes because of time zone differences I get it on the next day.

Check this out
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  • #198
  • Aug 20, 2015 8:53am Aug 20, 2015 8:53am
Quoting Mingary
{quote} This is telling me your story cannot be true. ==> do you really think that FF represents the majority of retail traders? Yes. A lot of hope and half lived half lies and no money in the end. (:
I would like to apologise for my comment, I have already quoted you on this but I feel I was rude and closed minded. Everyone is allowed different views and just because yours is different to mine should not result in me saying I don't want to hear yours. It has not sat well with me what I said. Difference of opinions is what makes life interesting...

All the best!

Plus, my story is true!!
  • #199
  • Aug 20, 2015 10:13pm Aug 20, 2015 10:13pm
You can make $1200 a week, but with a larger account. 10% * 3000= $300, 10% * 10000 = $1000.
  • #200
  • Feb 3, 2016 8:48pm Feb 3, 2016 8:48pm
we can make money in forex as long as we have good trading skills. Forex is a very lucrative business, therefore we need to be a lot to learn and practice trading. And have a good money management and good risk management
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