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Do You Know Any Millionaire or Multimillionaire Forex Traders?

  • #81
  • Sep 9, 2015 5:23pm Sep 9, 2015 5:23pm
After you realize what kind of game is played you stop searching for magic indicators and you start to think and understand: http://m.youtube.com/watch?v=MFzDaBzBlL0
  • #82
  • Sep 9, 2015 5:43pm Sep 9, 2015 5:43pm
Quoting mrjinks
Hi Folks. Do you know any millionaire or multimillionaire forex trader in person? Seems so hard to find one... Thanks in advance, MrJinks.


Yes , I know quite a number of millionaires who trade and as a matter of fact, made their millions from trading over the years. I too will be one in a short time from now and its all FX. The beautiful thing is, millionaire traders don't talk about money but spend money like every other millionaire entrepreneur because making it and spending it is more easier than talking/blogging about it. There's no time for talking or blogging... Serious traders treat trading as a business and not some chit chat on the internet, with everyone trying to be a hero trader. Also, trading isn't a get rich quick scheme. 99% of comments here are negative and i advice you; focus on what you believe in. Are you an optimist or a pessimist?

"SEEING IS NOT BELIEVING BUT INDEED, BELIEVING IS SEEING!"

What do you believe in? Have a plan and work your plan. When you do see the results, i bet that you'd be looking forward to your next million than letting some negative minded people come on FF to discourage you.

My dear friend; BELIEVE and you shall SEE.
  • #83
  • Sep 9, 2015 7:22pm Sep 9, 2015 7:22pm
Since I can't make a new thread because i'm new here, i just want to ask how to copy indicator into mt4 in windows 10, i can't see the folder in mql4, (only one folder and it's script only) and i can't even copy an indicator to my folder either... pls. help... tanx
  • #84
  • Sep 9, 2015 7:39pm Sep 9, 2015 7:39pm
Of course there are, and yes I have known some. It's no different to asking are there any millionaires from lotto or a casino. (I'm not suggesting this is a game of chance so lets not go there). Many are called, few are chosen, time and chance happens to us all and a lucky few can put it down to either a learnt skill or one they are born with.

Having said that, I have never met anyone who has made millions trading the way most threads here talk about, they tend to be very long term traders, running their profits for many months if that is what their method demands. There are very few threads here that talk about that, instant gratification Baby! Long term is hard, boring, requires massive discipline and some capital but is the only way I have seen the "man in the street" make money (as opposed to people in the business)
  • #85
  • Sep 9, 2015 7:58pm Sep 9, 2015 7:58pm
Look harder

http://www.forexfactory.com/showthread.php?t=88949
  • #86
  • Edited Sep 10, 2015 6:58am Sep 9, 2015 8:37pm | Edited Sep 10, 2015 6:58am
I Know about four millioners abd one multimillioner that trade forex

they trade baxter-fx ,fxcm and interactivebrokers .and stocks local stocks i just provided them with systems and advice for trading
all have a nice day
focus while relaxed to see better
  • #87
  • Sep 9, 2015 8:46pm Sep 9, 2015 8:46pm
I don't know any millionaire forex traders, and I highly suspect if there are any, they work for banks or hedge funds. Certainly no one on this forum.....
  • #88
  • Sep 9, 2015 9:24pm Sep 9, 2015 9:24pm
I work in the business and manage a few accounts that are very big players. It's funny because not always do you see the big deposit guys trade large volume, but it's the middle and up guys that do the heavy trading. Speaking of non institutional guys.
  • #89
  • Sep 9, 2015 9:24pm Sep 9, 2015 9:24pm
Quoting SeaTheStars
The reason they are so hard to "find" is because they do not talk about it unless youre real close friends with them. Those who win, keep quiet; those who lose, make noise. Has always been like this.
I know this is true. The better I get and the larger my trade size gets the less I want to talk about any of it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #90
  • Sep 9, 2015 9:28pm Sep 9, 2015 9:28pm
I would say...ladies and gentlemen of the jury that the answer is indeterminate until we have valid definitive quantifiable evidence......next case :-)
  • #91
  • Sep 9, 2015 9:39pm Sep 9, 2015 9:39pm
Quoting fxtrader29ca
Interesting conversation here. I think the question that we should be asking is "Do you know a person who takes out monthly withdraws from his forex account and uses it as his/her primary income?"
Thats like asking if a Fisherman eats his own bait.
  • #92
  • Sep 9, 2015 11:09pm Sep 9, 2015 11:09pm
Quoting verv
{quote} I think forex is the hardest thing to trade, it is is just so darn accessible though, whereas other mediums, futures and stock options require a much larger starting cap.
Agree that FX is the most complex market, there are arguably more 'forces' acting on it (e.g. the need to maintain triangular equilibrium) than with other markets.

I traded CFDs with CMC markets (the company was originally named 'Deal4free') in the early 2000s, prior to being introduced to spot FX. Originally devised in the UK, CFDs likewise allowed a small starting bankroll, decent leverage, and the facility to buy or short a wide variety of instruments, including stocks and indices. Spread betting offered similar facilities, and had the added attraction that any gains were tax-free, albeit only to UK residents.
  • #93
  • Sep 9, 2015 11:28pm Sep 9, 2015 11:28pm
options are the hardest to learn to trade, but the hardest to lose money doing so once you do.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #94
  • Sep 9, 2015 11:39pm Sep 9, 2015 11:39pm
Quoting The Fool
options are the hardest to learn to trade, but the hardest to lose money doing so once you do.
... unless you write them and don't manage your risk properly. Yes, it happened to me many moons ago.
You reap what you sow.
  • #95
  • Sep 9, 2015 11:47pm Sep 9, 2015 11:47pm
Quoting NorthTrader
{quote} ... unless you write them and don't manage your risk properly. Yes, it happened to me many moons ago.
hedge
"If The Fool persists in his Folly he will become wise." - William Blake
  • #96
  • Sep 9, 2015 11:54pm Sep 9, 2015 11:54pm
Quoting edmun1388
{quote} They do use ma's .
Probably, I said the ones I know don't
Never said I was Batman,all I'm saying is you'll never see us together.
  • #97
  • Sep 9, 2015 11:57pm Sep 9, 2015 11:57pm
Sorry for OOT ... but since this thread is about successful trader ... I'd like to know who or what is the most HONEST broker that doesn't give you Bu**s*it like slippage, requotes, Virtual Dealer plug in ... etc to make their position in favor not ours (traders) .. any opinions guys? Right now I have FXDD, Tallinex and Oanda .. what do you think?

Thanks in advance ...
  • #98
  • Sep 10, 2015 12:31am Sep 10, 2015 12:31am
They exist, and they even exist on these forums. Some post every day.
  • #99
  • Sep 10, 2015 12:38am Sep 10, 2015 12:38am
Really?

Well, in that case, I'm sure those "forex millionaires" wouldn't mind showing some PROOF - redacted account statements, trade explorer results, for example.

It's one thing to TALK a good story, proving it is quite another.....

Anyone who comes here claiming to have made millions trading forex is a liar, a scammer, and a con-artist. I'm sorry, but retail traders don't make fortunes in forex, because it's a losing game. That's the bitter, ugly truth.
  • #100
  • Sep 10, 2015 12:40am Sep 10, 2015 12:40am
Quoting gravitist
Really? Well, in that case, I'm sure those "forex millionaires" wouldn't mind showing some PROOF - redacted account statements, trade explorer results, for example
And why would they have to do such thing ?
MT4/MT5 EAs/Indicators/Alerts coder
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