Want to know how to get rich?

So that means i am practically assuming my skill will work in my advantage and make me 3 times as likely to win then to loose and that just gets me to BE. Risk 3 reward 1.

HOWEVER, in that VERY simple, probably TOO simple equation i remove the event of closing positions that are in profit but does not seem to work out in the long run. The skill to handle that kind of scenario is maybe VITAL and VERY HARD to quantify.

Wow i really fucked up today.



I think it was worth it though.
Learned a lot about gut feeling versus reading the chart.

Anyway, i have been looking a lot at yesterdays low today.

Also these areas seem to make sense. Trick is to spot em as they show themselves.









+1% im pretty cool with that.

I used a weird approach today. I didnt look at it so much. I watched movies instead and went for coffee by the lake.

The really hard part is figuring out when my mind is tuned for trading and when its not. When its not tuned i do pretty crappy all day. When its tuned i do pretty good all day.

My favourite kind of trade though is this type:

When i think about today its quite clear that when i do good i have the ability to detach from detail and attune to the GENERAL look of things. Sure i had a few loosers, but it was OK. Technicaly i think that means the areas of importance are not super exact, they are sort of general actually. Also keeping track of daily highs and lows is pretty cool. Musnt forget those.

I was expecting a slightly bigger move down on account of the low break of yesterdays low. But un relative terms i think the euro got most beat up by the pound today. As of yet that is.



The break of E/G yesterday low sort of coincide with the break of E/C yesterday low. So in this instance, well i guess the franc is still pegged to the euro.

Maybe i should make a withdrawal? My trading fund is in EUR, but my living expenses are in SEK.

If i withdraw in 2 weeks i might get 3% less for it.

Actually this has been a REALLY long trading day. Kind of like a marathon. Placed my first position at 6:35 Swedish time and its 18:28 now. I think there is one more in it for me today though.

The only way to get rich from forex trading is much more and more practice , With it you will know right way of trading in forex market. Your loss will cut and profit increase. Hurry is not solution , it brings many mistakes. Patience , regular work with cool mind and realistic target achieving steps surely make you rich .

Ok, yeah well thats it for this thread. You guys do what ever you want with it.

The key to become successful trader is the knowledge. Through Knowledge you can become a successful trader and becoming successful trader means to become rich.

just make sure u can make ur profit became constant, after ur profit become constant u can start to do forex trading with a big lot, with ur good experience after got constant profit u have a good confidence with ur trading skill.

Now is better

Generally, we all traders are here for money making, but it’s not easy to make standard money from Forex market for a long run! Make a long-term vision here, if you want to stay here for a long time! If you can invest your proper dedication and concentration then definitely end of the day you’ll make enough money! Like, my monthly target was 5% in my 1st year of live trading and right now I am using 18% monthly target, this is the process!

The success is related with long time process in this market place, so the traders who are willing to get rich within a short time, must have been living fool’s paradise. For getting rich by this volatile market place we have to pass a long time with great patience.

Мр. Yaed, Sir, let me ask you a simple question.

To get rich, why not just HEDGE?

The price moves 2 steps ahead and 1 step behind.

Where is all the confusion coming from then?

In a Buy trend, one will always have 10 Buy steps and 5 Sell ones. So open 10 Buys and 5 Sells. How you handle that - your problem, Sir Yaed. Many handles there are...

Why learn ANYTHING? It is complicated to learn. For 100 years no one really learned anything, yet... Look around, only losers. Everywhere...

2 steps ahead, 1 step behind, here we go - we cover 400-500 pips monthly trend???

and YOU GET RICH! QUICK! Quick! quick...

Truly, I don’t have any intention on that issue! Right now, I am focusing on only my learning process not only on my trading result! Basically, my father is a pro trader and he guides me here! After learning technical and fundamental now I am learning how to treat with Forex market from him! 2 months later, I’ll start my live trading surely!