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Who makes real money from forex?

  • #81
  • Jan 4, 2016 7:25pm Jan 4, 2016 7:25pm
Search this man: VVfish

Makes shit loads of pips everyday......EVERYDAY!!
No one wants to be defeated~
  • #82
  • Jan 4, 2016 9:44pm Jan 4, 2016 9:44pm
Quoting trader121
The Topic owner somewhat asked the wrong question. At the end of the day, everything regarding trading is pure Math. The real question should be: How likely can you make Money from forex trading from a pure mathematical standpoint? Let's take some analogies here: - If you walk into a casino and play some games, use slot machines etc. you are at a mathematical disadvantage. Casino owners know that, that's why they welcome you for playing. If you would be at a mathematical advantage, they would not offer you the possibility to play. - Same thing with...
Dear i am very surprised to see you're comments. It is not a gambling in gambling u have less then 50 % chance to win but in trading if u have emotional control mentality yiur chance is 70%.So strict with a trading style and do the same and got surprising result.
Trade fearless not careless...
  • #83
  • Jan 4, 2016 10:17pm Jan 4, 2016 10:17pm
Quoting jonirrenicus
Search this man: VVfish Makes shit loads of pips everyday......EVERYDAY!!
on a demo account.
  • #84
  • Jan 5, 2016 10:31pm Jan 5, 2016 10:31pm
Who makes real money from forex?

What a funny question ..

The short answer ... not the traders.
Forex traders are the cannon fodder of the industry.
  • #85
  • Jan 6, 2016 3:12am Jan 6, 2016 3:12am
He who turn un realised to realise profit.
;-)
Trade fearless not careless...
  • #86
  • Jan 23, 2016 5:52pm Jan 23, 2016 5:52pm
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The true secrete to forex.
Inserted Video

Yes it can be done,most just dont want to pay the price to get there.
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IMPROVISE ADAPT OVERCOME
  • #87
  • Jan 27, 2016 7:13pm Jan 27, 2016 7:13pm
anyone can make real money in forex long as it has good skills and psychology. Therefore, we need to have a good preparation before the start of trading well, so it will allow us to trade with the maximum. we can start trading on a demo account before making real money in forex
  • #88
  • Jan 28, 2016 3:08pm Jan 28, 2016 3:08pm
Quoting Mingary
Who makes real money from forex? What a funny question ..

The short answer ... not the traders.

Forex traders are the cannon fodder of the industry.
Exactly. 99.6% of RETAIL FOREX TRADERS lose money in this scheme. The numbers are similar as CASINOS. It's pure math. And the numbers are out there. US Gov forced Retail Forex Brokers to release their numbers few years ago, and 99.6% of accounts lose money in FOREX. That's the TRUTH.

Unfortunately, people won't listen and even if you tell them the truth here in the forum, they will still go ahead and waste their money in Retail Forex Brokers, and they will only figure out the truth when they completely burn their account.

The same pattern as Gamblers. Gamblers go to VEGAS knowing in advance that the House Always Wins, it's pure math, ask a PhD in Mathematics, its all proven, im not saying anything new here. However they still go to VEGAS, bet their money and lose.

Of course people like MERLIN or James16 or the owner of FOREX FACTORY make a lot of money, BUT not trading FOREX. They do money promoting FOREX, or in the case of James16 selling memberships and stuff like that, like he has done for years. But they don't make money trading Retail Forex.
The Black Swan: The Impact of the Highly Improbable
  • #89
  • Jan 28, 2016 3:25pm Jan 28, 2016 3:25pm
Quoting MapleLeaf
{quote} Exactly. 99.6% of RETAIL FOREX TRADERS lose money in this scheme. The numbers are similar as CASINOS. It's pure math. And the numbers are out there. US Gov forced Retail Forex Brokers to release their numbers few years ago, and 99.6% of accounts lose money in FOREX. That's the TRUTH. Unfortunately, people won't listen and even if you tell them the truth here in the forum, they will still go ahead and waste their money in Retail Forex Brokers, and they will only figure out the truth when they completely burn their account. The same pattern...
The reason why retail traders dont make make is because of text book theories like James 16. These kind of poeple trade with 10,s of if not 100,s of thousands of dollars make their income off it then promote the forex systems which make more than what they make from trading forex. The average retail trader will only invest a few hundred dollars and get bored real quick of making 10$ a week so they take high risks to try and grow their account which then gets blown.

To make money you need to have a decent size account and trade full time not a couple of hrs after work. If you trade as a hobby or part time you will 100% loose. You need to be sitting at the screen 8 hrs a day and treat it as a job and not a get rich quick scheme like 99.6% of retail traders do.

there are plenty of retail traders that make money as a full time income. But its just an income. With the right size account its quite easy to make your 100K per year income which is enough to live comfortably and have a pretty cool lifestyle.
20 Pips a day keeps centerlink away
  • #90
  • Jan 29, 2016 10:41am Jan 29, 2016 10:41am
Quoting MapleLeaf
{quote} Exactly. 99.6% of RETAIL FOREX TRADERS lose money in this scheme. The numbers are similar as CASINOS. It's pure math. And the numbers are out there. US Gov forced Retail Forex Brokers to release their numbers few years ago, and 99.6% of accounts lose money in FOREX. That's the TRUTH. Unfortunately, people won't listen and even if you tell them the truth here in the forum, they will still go ahead and waste their money in Retail Forex Brokers, and they will only figure out the truth when they completely burn their account. The same pattern...
yes indeed
  • #91
  • Jan 29, 2016 12:21pm Jan 29, 2016 12:21pm
Quoting MapleLeaf
{quote} Exactly. 99.6% of RETAIL FOREX TRADERS lose money in this scheme. The numbers are similar as CASINOS. It's pure math.
You cannot compare. The house edge of casinos is 1,35 -2,7 % on roulette and around 0,7 % on blackjack, In the long run you MUST lose this percentage. No escape, that is pure math. (Cardcounting is an other theme), Do we have in forex also a mathemtically disadvantage? So I think you cant compare,
  • #92
  • Jan 29, 2016 12:41pm Jan 29, 2016 12:41pm
There are some guys on fxfactory who has good lifestyle with forex trading. İt is business..Welcome if you know what are you doing. Otherwise tou will throw your money.
  • #93
  • Jan 29, 2016 12:55pm Jan 29, 2016 12:55pm
Quoting Mingary
{quote} yes indeed
You've probably been asked before, but if you don't think you can make money trading forex, why you on forex factory? ( I think I agree with you so I'm asking myself the same question) Let's face it, it's gambling . You get lucky, you get unlucky...you get lucky...you get unlucky ...and so it goes on. Even banks and politicians ( not my favourite people, but greedy bastards when it comes to money) agree that it's gambling.
  • #94
  • Jan 29, 2016 12:58pm Jan 29, 2016 12:58pm
Quoting Ghost Walker
{image} The true secrete to forex. https://www.youtube.com/watch?featur...&v=scr2PrcDxEo Yes it can be done,most just dont want to pay the price to get there. {image}
Same old crap.
  • #95
  • Jan 29, 2016 1:07pm Jan 29, 2016 1:07pm
Quoting Ghost Walker
{image} The true secrete to forex. https://www.youtube.com/watch?featur...&v=scr2PrcDxEo Yes it can be done,most just dont want to pay the price to get there. {image}
"Once you get there the world is yours" Yep. Then you die not long after. God that bloke on that video shouting on like that. What a pain in the arse. Only in America.Also, don't sleep or eat for three days? Yeah it's what all the top athletes and successful people do ............
  • #96
  • Jan 29, 2016 1:18pm Jan 29, 2016 1:18pm
Quoting jonirrenicus
Search this man: VVfish Makes shit loads of pips everyday......EVERYDAY!!
The markets don't move shit loads of pips...EVERYDAY!!...Don't move ..EVERYDAY!!
  • #97
  • Jan 29, 2016 7:33pm Jan 29, 2016 7:33pm
Quoting TheGreatMilenko
{quote} The markets don't move shit loads of pips...EVERYDAY!!...Don't move ..EVERYDAY!!
GBPNZD has an average daily range of over 200 pips, just sayin.
If you are good at something, never do it for free--Joker
  • #98
  • Jan 29, 2016 8:20pm Jan 29, 2016 8:20pm
People definitely make money. If others can, you can too. You may just have to work harder than them.

The fact of the matter is it's a zero sum game. So someone is coming out with profit.

Its not not like we are all just handing money back and forth to each other and it never really goes anywhere.

If that was the case people wouldn't be losing their accounts. When they lose it completely, someone else made it.

The reason most fail is they treat it like a casino.. and gamblers lose 99% of the time over the long term.
Be hopeful in a winning position, and fearful in a losing position.
  • #99
  • Edited 10:24pm Jan 29, 2016 10:06pm | Edited 10:24pm
Quoting TheGreatMilenko
{quote} "Once you get there the world is yours" Yep. Then you die not long after. God that bloke on that video shouting on like that. What a pain in the arse. Only in America.Also, don't sleep or eat for three days? Yeah it's what all the top athletes and successful people do ............
I guarantee you are not a successful trader nor would you know what it takes to be successful,chances are your just p##### off with everybody who is.
GW
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“People who succeed at the highest level are not lucky; they’re doing something differently than everyone else.”
IMPROVISE ADAPT OVERCOME
  • #100
  • Jan 30, 2016 1:15am Jan 30, 2016 1:15am
ofcourse you can. But are you able to manage your risks and prepared for those drawdowns? Are you willing to independently analyse the latest data coming out everyday and digest them to reshape your trading strategies, often sacrificing sleep? This market is not for the fainthearted, get financially and mentally prepared. Good luck.
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