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  • #321
  • Mar 8, 2016 1:06am Mar 8, 2016 1:06am
Fiasco oftet happens In forex. This causes people think about "to do as the successful trader" . The market is formidable, a lot of traders, but some of them can earn .
  • #322
  • Mar 8, 2016 1:13am Mar 8, 2016 1:13am
i warn everyone this thread is high jacked
  • #323
  • Mar 8, 2016 1:14am Mar 8, 2016 1:14am
Quoting high321
i warn everyone this thread is high jacked
I you high all the time or just when on FF?
  • #324
  • Mar 8, 2016 1:29am Mar 8, 2016 1:29am
Quoting jmn5611
{quote} Exactly my point. Some of us can see what you can't. If you can't see it there is no showing you. You first have to learn how to see.

no,no,no (:
That is a horrible way to go about it. it's the "I can tell you but I will have to kill you" argument

These people couldn't "see", therefore the Guru had them drink poison laced cool-aid ..

http://history1900s.about.com/od/1970s/p/jonestown.htm

The correct way is fact and proof from those making a claim.
You (rhetorical you) are making the claim that somewhere there must be a spot forex trader at home millionaire.
If you cannot prove it, then it's a belief. and I am ok with that.
Provided that the believer does not fall into the Jim Jones trap. (: (lot's of analogies with forex here ...)
  • #325
  • Mar 8, 2016 1:37am Mar 8, 2016 1:37am
Quoting Forexia
{quote} Ok first of all, let's make it clear here. We NEVER said anything about forex millionaires. Now you are changing your tune. All we have said is that it IS possible to make money, make a living trading forex full-time which is what most of us want to do but NEVER anything about becoming millionaires. If we make it, great and that IS also possible through perhaps capital accumulation, but that's NOT our ultimate goal here. Our goal here, I will say it again since you are slow to get any points that people make, is to make a living out of trading...
"If you are hunting for trading advises"

That is too funny
One of the worst kind of vice is "advice"

But I am very happy that we are sobering up. We went from making millions in the forex from the confort of your home to "making a living trading forex full time"
Those late night forex infomercial just won't be the same anymore (:
Now let's talk about the REAL effect of the "forex machine" on the unfortunate (the most desired customers of any broker worth his super bonus), ok?
  • #326
  • Mar 8, 2016 1:43am Mar 8, 2016 1:43am
Quoting Mingary
{quote} no,no,no (: That is a horrible way to go about it. it's the "I can tell you but I will have to kill you" argument These people couldn't "see", therefore the Guru had them drink poison laced cool-aid .. http://history1900s.about.com/od/1970s/p/jonestown.htm The correct way is fact and proof from those making a claim. You (rhetorical you) are making the claim that somewhere there must be a spot forex trader at home millionaire. If you cannot prove it, then it's a belief. and I am ok with that. Provided that the believer does not...
No Ming, actually I can't. You can't "see" the chart, and there is nothing I can do about that. Until you get busy learning how to correctly see a chart, I am afraid that you will never find those Unicorns. Whether you think you can or think you can't, you will be right.

Trading is a complicated business. You have to find the right combination of pairs to trade. You have to know when to trade when you do see a signal, you have to know what the indicators on your chart do until you graduate from that. You have to get your money management right, you have to get your profit taking right. And then, there are all the false leads. The scammers. The promises of a million in two months. Trading is a lot like driving a car, however. At some point it will become automatic.
If you are good at something, never do it for free--Joker
  • #327
  • Mar 8, 2016 2:23am Mar 8, 2016 2:23am
Quoting Atokys
You used the word 'loosely' correctly in a sentence. This ranks your command of the language higher than 95% of people here. Im serious.
Thanks man!!
  • #328
  • Mar 8, 2016 3:09am Mar 8, 2016 3:09am
Quoting Mingary
{quote} Some people choose to believe that they exist, I am just asking for the evidence. So far nothing which is strange when you consider that it's every trader's dream
The journey maybe a dream but the path is not impractical. Its not a dream like walking to the moon or flying to the sun. You will have to differentiate between dreams.

When Theory of Relativity was proposed by Einstein, he wasn't able to provide any evidence but only logical explanations. If the scientists at that time thought like you, don't know what would have happened. Luckily they were wiser, because something was logically proven they accepted its authenticity.

When I was in college I didn't knew any PhD scholar. I could have said they didn't exist. Bring one in front of me with evidence or its a mythical creature or figment of imagination. Why would a PhD scholar need to prove their existence to me?

So, sir, why are you avoiding the action I am suggesting? If you are so sure about their non-existence, why don't you announce a reward of some sort?
  • #329
  • Mar 8, 2016 3:48am Mar 8, 2016 3:48am
Quoting JoeNY
I guess being from Canada, you aren't familiar with my reference to Crack. Lucky for Canada on that fact.
LOL our mayor, the mayor of Toronto does/did crack and has been smeared all over his reputation. Def know what crack is lol http://www.cbc.ca/news/canada/toront...-use-1.2415533
All posts are my personal opinion
  • #330
  • Edited 4:53am Mar 8, 2016 3:59am | Edited 4:53am
With a starting balance of 5000USD, is it possible to become a millionaire trading forex from a retail broker on the MT4 platform?

Maybe not on your first 172 lives of trying, but on the 173rd life you just might.

Everything is fractal. People accept they will have a losing trade, a down week. After 27 years of trading you might of had a bad year or two.
Hell, this might be your down lifetime. You could do the same thing 30 lifetimes in a row and come out in front but this could just be the down lifetime. That sucks.

If you placed a trade with a 3 pip sl and a 300 pip tp and kept placing that trade the same time everyday on the same pair, eventually... after many, many stop loss being hit...one of those trades will eventually go to tp.

Trying to make a million starting with 5000 might be like a trade with a 3 pip sl and a 300 pip tp.
  • #331
  • Mar 8, 2016 5:45am Mar 8, 2016 5:45am
yeah, that's not good...

Quoting Rtm
{quote} LOL our mayor, the mayor of Toronto does/did crack and has been smeared all over his reputation. Def know what crack is lol http://www.cbc.ca/news/canada/toront...-use-1.2415533
SPC * Swollen PocketZ Crew!
  • #332
  • Mar 8, 2016 6:24am Mar 8, 2016 6:24am
Quoting mrhigurashi
{quote} I you high all the time or just when on FF?
no no only on ff spicily on this thread as i did not understand why everyone fight to each another.
  • #333
  • Mar 8, 2016 6:29am Mar 8, 2016 6:29am
Quoting high321
{quote} no no only on ff spicily on this thread as i did not understand why everyone fight to each another.
yeah, you need to be high to enjoy the dribble here....
  • #334
  • Mar 8, 2016 6:42am Mar 8, 2016 6:42am
hello,
Even i planned to quit forex initally beacause i played in total luck. Intially i was also lucky as i doubled the deposit in just 10 days but when it comes to losing i had lost everything in one trade. But i am back now. i use to put lot of positions in trading, now may each and every trade entry and exit are on the basis of technicals and i never go against the fundamentals. So forex is not bad, its just the hard work you have to go through in order to make trading skills more furnished.
Now i have not only receover my losses but also i am on better edge here. So never loose hope. Give more of your time to understand market rather than trying your luck.
  • #335
  • Edited 7:14am Mar 8, 2016 6:53am | Edited 7:14am
Quoting Mingary
On the other hand you are telling me that the mystical forex millionaire trader-at-home, does exist. If that is the case, it should be easy to prove.
I know a couple of millionaire traders -- one of them manages a small part of my investment portfolio -- and I also liaise on a daily basis with a FX manager who trades a 7 figure account. The circles I move in are very limited, hence I expect that there are many more. I can't legitimately supply proof outside of FF's commercial section, so you can choose to believe or disbelieve me, whichever you wish.

I'm not exactly sure what you mean by "trader at home". I expect that the scenario of the person who starts with a $500 deposit and, trading his own FX-only MT4 account from his bedroom computer, gradually increases it to and beyond $1m, would be extremely, perhaps impossibly, rare. The traders that I know have leveraged their trading activities into full-fledged businesses -- through, for example, fees from managing others' money, partnering with or employing other traders, introducing more capital by selling other trading related products, diversifying into other markets or investments, etc -- along the way. Even with an arsenal of solid strategies, trading still involves a significant degree of risk and high personal stress, and income can be erratic, making additional income streams a compelling option. Having a spouse/partner working a regular job, or concurrently running other businesses, can also help to alleviate some of the pressure. Hence, in these cases, the reality is that the $1m+ gained is not strictly all personal forex trading-related income. But they are millionaire traders nonetheless.

There are also bank and institutional traders who are paid large salaries. The highest paid of these would also qualify as trading millionaires, even if they don't operate from home. For example, John Key, currently NZ's Prime Minister, has a net wealth of more than NZD 50 million, most of which he reputedly made as a forex trader with Merrill Lynch.
  • #336
  • Mar 8, 2016 8:36am Mar 8, 2016 8:36am
Quoting hanover
{quote} John Key, currently NZ's Prime Minister, has a net wealth of more than NZD 50 million, most of which he reputedly made as a forex trader with Merrill Lynch.
No wonder why there are so many great forex traders in NZ... Even PM was ex forex trader!!
BTW, I lived in Christchurch for one year more than 10 years ago. It is really beautiful country.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #337
  • Mar 8, 2016 8:40am Mar 8, 2016 8:40am
well, not much else to do lol.... PS. i have Kiwi blood so im allowed to say that.
  • #338
  • Mar 8, 2016 8:41am Mar 8, 2016 8:41am
Quoting fxstaton
I have no luck in forex. Initial period I get profit, and few months all profits and capital are gone. I think I am not suitable in forex and will quit all and back to work
You are correct forex is not for everyone. Forex is made to be the in thing to trade , but its not for everyone. I gave up forex and started to trade the indices(DAX,DOW) . The price action on Indices is much better if you combine SPX,DAX,DOW. They almost follow in sync and trade opportinuties are better compared to forex.
  • #339
  • Mar 8, 2016 9:02am Mar 8, 2016 9:02am
Quoting Shabs19
{quote} It looks like by you............LOL worn - warn thred - thread jaked - jacked
You can say that again!!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #340
  • Mar 8, 2016 9:07am Mar 8, 2016 9:07am
Quoting fxzensifu
Bro fxstaton, I've been reading forex factory for donkey years but didn't join the forum until I saw your posting! DO NOT QUIT! You are almost there. I've seen many times where people quit just before they were about to take off. In my day job, I also fund start-ups and like start-ups, the forex trader take off is like hockey stick (or bamboo tree, depending on your perspective). Have you heard of COPY Trading? Where you follow others who make money, get tips from the BEST TRADERS and take their recommended trade while being guided by a coach? If...
Sent you PM. Pls click your name on top right and scroll down to read PM messages.
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