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An advice by a successful trader

  • #1
  • First Post: Oct 7, 2008 4:07pm Oct 7, 2008 4:07pm
Everybody, hello.

I am a new wannabe forex trader, excited about his system, that had good results in backtesting and is currently live testing with some good results that will hopefully match his backtesting statistics.
I've been recently informed about a successful trader that lives in mg town, that had great results and just bought a flamboyant car, so i managed to ask him a few questions and advices like where to put my money (what broker ho use) and if forex market and price action could be positive.

I don't know him directly so i wrote a piece of paper to be given to him...

I recieved today his answers, saying that te is the broker of himself and that forex is a way to steal money from investors...

I don't know his area of expertise, but what do you think i should do now? Thank you so much,
Sincerely,
Maurizio.
  • #2
  • Oct 7, 2008 4:40pm Oct 7, 2008 4:40pm
Quoting jennajameson
but what do you think i should do now?
Dunno, get drunk maybe?
  • #3
  • Oct 7, 2008 4:43pm Oct 7, 2008 4:43pm
Tjpld......LOL, keep on the good work man!
forexflash
  • #4
  • Oct 7, 2008 8:52pm Oct 7, 2008 8:52pm
Yup its true. We are facing off bank institutions, hedge fund manager, private firms bla bla bla.....That's is why its dangerous to use stop loss. They have huge amount of investment accumulating billions of dollars in a single trade that could triggered your stop loss and margin call.Be very careful when the market is trending. You will spot certain spikes in the trend for a brief moment. Those spikes are cause by huge amount of funds entering the market. Good example of a trendy market goes haywire when George Soros throw a huge margin to the market affecting even the price of oil! That's how powerful this "Big players" are.
  • #5
  • Feb 15, 2016 7:30am Feb 15, 2016 7:30am
Quoting jennajameson
Everybody, hello. I am a new wannabe forex trader, excited about his system, that had good results in backtesting and is currently live testing with some good results that will hopefully match his backtesting statistics. I've been recently informed about a successful trader that lives in mg town, that had great results and just bought a flamboyant car, so i managed to ask him a few questions and advices like where to put my money (what broker ho use) and if forex market and price action could be positive. I don't know him directly so i wrote a piece...

Most successful traders wouldn't share their actual systems that pay off really good, so I guess he just gave you these answers to ignore the real answers to your questions
  • #6
  • Feb 15, 2016 8:08am Feb 15, 2016 8:08am
Quoting GiglingFx
{quote} Most successful traders wouldn't share their actual systems that pay off really good, so I guess he just gave you these answers to ignore the real answers to your questions
Don't hold your breath for a reply original post was 2008.
  • #7
  • Feb 15, 2016 9:06pm Feb 15, 2016 9:06pm
to be a successful trader is that we must continue to learn and practice trading well, so it will benefit us. we can use demo accounts to learn trading well or to participate in the contest demo so our trading skills will increase
  • #8
  • Feb 16, 2016 8:40am Feb 16, 2016 8:40am
The original post was from quite a while ago, I wonder what happened...

That said, it's hard to learn anything just from asking random questions to people on the street, even if those people are professional traders. Learning to trade properly requires lots of systematic study and practise.
  • #9
  • Last Post: Nov 22, 2017 4:23am Nov 22, 2017 4:23am
Quoting GiglingFx
{quote} Most successful traders wouldn't share their actual systems that pay off really good, so I guess he just gave you these answers to ignore the real answers to your questions

I agree with your opinion! I personally know many successful Forex traders who are also following this way, means they are not sharing their trading strategy to others!
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