Do You Know Any Millionaire or Multimillionaire Forex Traders? | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VennD - Any Pairs - Any Style - Any Time 741 replies

Trade What You Know and Know What You Trade 4 replies

Does any know any Forex Brokers that offer Forex Futures? 0 replies

do you know of any investment / stock journal performance sharing sites? 3 replies

Any One Know Any Trusted And Registered Mt4 Broker 9 replies

Attachments: Do You Know Any Millionaire or Multimillionaire Forex Traders?
Exit Attachments

Do You Know Any Millionaire or Multimillionaire Forex Traders?

  • #221
  • Sep 23, 2015 4:45pm Sep 23, 2015 4:45pm
Quoting gravitist
There are wealthy individuals like Soros who made their money elsewhere and try forex. So when you say "forex millionaires" I assume you mean people who made their millions from trading fx. The short is "no". There are bank and hedge fund traders with a net worth > $1 million dollars, but they earned it by salary and commissions, not by trading their own money. Retail traders who have made $1 million from their fx accounts? There aren't any. The game is tilted to favor large banks, so the little guy will lose eventually. It's not a level playing...
may I ask you?
did you trade on this "forex" market?
we don't predict, we only ride
  • #222
  • Sep 24, 2015 1:20am Sep 24, 2015 1:20am
Quoting gravitist
There are wealthy individuals like Soros who made their money elsewhere and try forex. So when you say "forex millionaires" I assume you mean people who made their millions from trading fx. The short is "no". There are bank and hedge fund traders with a net worth > $1 million dollars, but they earned it by salary and commissions, not by trading their own money. Retail traders who have made $1 million from their fx accounts? There aren't any. The game is tilted to favor large banks, so the little guy will lose eventually. It's not a level playing...
Exactly (:
  • #223
  • Sep 24, 2015 2:59pm Sep 24, 2015 2:59pm
Quoting Pharm0r
They exist, and they even exist on these forums. Some post every day.
Quoting Pharm0r
{quote} Not true either. You just aren't in the right place at the right time
tada!

http://www.forexfactory.com/attachme...1&d=1430579664
  • #224
  • Edited 3:45pm Sep 24, 2015 3:29pm | Edited 3:45pm
if no one can make $1m dollars we are then in the most pitiful of industries and most pitiful of men
practising coitus interruptus
  • #225
  • Sep 24, 2015 4:42pm Sep 24, 2015 4:42pm
4

The best of them manages 100mil. (The 3 others: 70, 30, 5).

His profit last year: almost 10%
At his best day: +400k.

Stock trading (always being flat at the NY close), too.
Trading on 2 "own developed" platforms.

Profit-sharing: 50%
  • #226
  • Sep 25, 2015 5:01am Sep 25, 2015 5:01am
I never met any millionaire that work in forex. I just hear about people who make a lot of money from here. My friends are also doing work here . They are making good earning from forex. I can say they are successful traders. I also want to be a good trader ,one day I will get my target. If I could not be a millionaire even then too forex will be a best business for me as a successful trader.
  • #227
  • Sep 25, 2015 11:55am Sep 25, 2015 11:55am
Quoting headfake
{quote} So the millionaire traders I know (they get requested often from tv to do interviews and hedge funds and ex floor traders requests for training) state markets aren't random but YOU say they are! LOL
LOL! Yes I do. LOL! And so do many other traders. LOL! But I won't be naming them. LOL! Wanker. LOL!
  • #228
  • Sep 25, 2015 12:03pm Sep 25, 2015 12:03pm
there are couple of japanese house wife who make regularly around 12000 usd per month and aslo one lady called with Mrs.Watanabe..she made millions in forex
  • #229
  • Sep 25, 2015 12:42pm Sep 25, 2015 12:42pm
.............

Inserted Video


Inserted Video
  • #230
  • Sep 26, 2015 11:47am Sep 26, 2015 11:47am
Quoting fx75
............. https://www.youtube.com/watch?v=lSKT6o3gpo0 https://www.youtube.com/watch?v=RsHCaZHghUo
I feel sorry for that guy.. took 3 lots price went immediately against him by half a daily range. was looking for 1.02 - 1.04 in june... i really dont get it. how can people buy 8 monitors , put all kind of techs on their desk, and still play a demo, relying on PRICe ACtiON , looking at wicks and bars and twitter and blogs. My grandma can do better trades without openning a platform.
  • #231
  • Sep 26, 2015 12:10pm Sep 26, 2015 12:10pm
Here you go, since no fucker else is going to give any names. I don't know him, but a friend of mine does work for him. Urs Schwarzenbach. lives in London. Rich from forex, multi millionaire. Trades no more, just lives the life style. Doesn't sell training courses , or signals or anything else to do with trading. Get the idea?
  • #232
  • Sep 27, 2015 11:47am Sep 27, 2015 11:47am
121,
do you believe that writing? Did he loss money in fx trading?

Is Fx trading a 'zero sum game'?

advice: Dont beat the market. the market is our good friend, follow him.


Quoting trader121
{quote} It's not just my opinion. Read this: https://en.wikipedia.org/wiki/Foreign_exchange_fraud Read the section "Not beating the market"
  • #233
  • Sep 30, 2015 2:13am Sep 30, 2015 2:13am
Quoting gravitist
There are wealthy individuals like Soros who made their money elsewhere and try forex. So when you say "forex millionaires" I assume you mean people who made their millions from trading fx. The short is "no". There are bank and hedge fund traders with a net worth > $1 million dollars, but they earned it by salary and commissions, not by trading their own money. Retail traders who have made $1 million from their fx accounts? There aren't any. The game is tilted to favor large banks, so the little guy will lose eventually. It's not a level playing...
That is by far the best post i've ever read in this Forum.
Forex is a losers game.
  • #234
  • Sep 30, 2015 2:43am Sep 30, 2015 2:43am
Quoting gravitist
There are wealthy individuals like Soros who made their money elsewhere and try forex. So when you say "forex millionaires" I assume you mean people who made their millions from trading fx. The short is "no". There are bank and hedge fund traders with a net worth > $1 million dollars, but they earned it by salary and commissions, not by trading their own money. Retail traders who have made $1 million from their fx accounts? There aren't any. The game is tilted to favor large banks, so the little guy will lose eventually. It's...
Yes, there are definitely millionaire retail traders out there who began and still do trade there own account. Market wizards books and other stories (Jess Livermore) show this. People that say that the games rigged and you can't win in the end are the people that lose themselves and can't see any other way.It depends if you mean from 100% forex, as in no other markets at all. I mean I've never met anyone who only trades forex 100% and has never touched an index or a future. I mainly trade fx (around 80%) but I do trade other markets.
  • #235
  • Sep 30, 2015 2:47am Sep 30, 2015 2:47am
Trader121 and Mingary,

Thank you. I wish I could be more positive, but the data suggests retail traders aren't profitable. The main reason IMHO is that fx is controlled by large banks, so forex isn't a level playing field. What to do? Well, Goldman and Deutsche don't call me to give a heads-up to what they're doing
  • #236
  • Sep 30, 2015 2:52am Sep 30, 2015 2:52am
Mrs. Watanabe doesn't call me either. But it's just as well - I don't speak Japanese, so I wouldn't understand her anyway
  • #237
  • Sep 30, 2015 4:53am Sep 30, 2015 4:53am
Quoting gravitist
There are wealthy individuals like Soros who made their money elsewhere and try forex. So when you say "forex millionaires" I assume you mean people who made their millions from trading fx. The short (AND PRESUMPTUOUS) answer is "no". There are bank and hedge fund traders with a net worth > $1 million dollars, but they earned it by salary and commissions, not by trading their own money. Retail traders who have made $1 million from their fx accounts? There aren't any. The game is tilted to favor large banks, so the little guy will lose...
Come with me if you want to live....
  • #238
  • Sep 30, 2015 9:03am Sep 30, 2015 9:03am
Quoting gravitist
Trader121 and Mingary, Thank you. I wish I could be more positive, but the data suggests retail traders aren't profitable. The main reason IMHO is that fx is controlled by large banks, so forex isn't a level playing field. What to do? Well, Goldman and Deutsche don't call me to give a heads-up to what they're doing
Most retail traders aren't profitable for many reasons other than the actions of large banks.

Based on what im seeing, most of them do not understand the way the game is played.
  • #239
  • Oct 1, 2015 6:37am Oct 1, 2015 6:37am
Quoting gravitist
Trader121 and Mingary, Thank you. I wish I could be more positive, but the data suggests retail traders aren't profitable. The main reason IMHO is that fx is controlled by large banks, so forex isn't a level playing field. What to do? Well, Goldman and Deutsche don't call me to give a heads-up to what they're doing
Mr. gravitist, when you said that forex isn't a level playing field, that is exactly what I meant when I wrote that Futures markets brings more of a level playing field because it is heavily regulated and with a central clearing (where everyone is seeing the same price and trading under the same conditions) that almost eliminates the counterparty risk...

But at the same time, FX market is much more easy to work with (you don't have to worry with expiring contracts and the lot placement is much more flexible)...

So, at the end, it is a matter of choice.

Thank you all for the great answers and every comment is more than welcome.

Wish you alll a happy new month with lots nad lots of green pips ,
MrJinks.
  • #240
  • Oct 1, 2015 2:37pm Oct 1, 2015 2:37pm
I know several millionaire traders. Great part of their wealth was made trading covered warrants (early 2000), and at that moment there was a trick they have exploited for about two years. It was like a game, and it was easy.

After those spectacular years they started to trade futures, forex, and stocks.

One of them invited me at his home and I saw him trading live.

I also know a trader who makes at least 1.000 € EVERY day scalping stocks. I don't know if he's a millionaire.
0 traders viewing now