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Are there any successful Traders in Forex Factory?

  • #221
  • Feb 23, 2015 11:09pm Feb 23, 2015 11:09pm
im an amature trader.
can i ask a favour then as there are some pretty knowledgable people on here. check out mytrading history and report on it. if im a "successful" trader
  • #222
  • May 29, 2015 2:00am May 29, 2015 2:00am
Quoting Makavell
{quote} You are quite right Mr Green, Ive been hearing that money management song being sang by clueless traders for a long time and its just pure stupidity. Its like going to Vegas with $10000 and then betting $100 on the roulette table randomly on each draw (At least thats great money management ) Lets see how long you'll last. Money management without a defined edge is bloody useless! all you do with MM is elongate the wipe out!!!
LOL poor me syndrome touching at least
  • #223
  • Apr 15, 2016 10:57am Apr 15, 2016 10:57am
I think the answer for this question is:

http://www.financemagnates.com/forex...roved-trading/

Based on financial magnats data from CFTC in the US, retail traders are in average about 35% winners / 65% loosers over just a 3 month period. If you calculate that into the future it will look really ugly.....

3 months : 35% winners

12 months: 1.5% winners

24 months: 0.02 % winners

.......

Even the best retails trader will convert to teaching forex or selling forex within a few years.....that pays out far better.

Who wins:
Forex Brokers / banks through spread, rollover, commission, transaction costs, exchange.....
Every one that can charge a retail trader for something with little to no value (signal providers, system sellers, forex teaching classes, etc)
Insiders trading on significant news advantage linked ot central bank decisions, important economic numbers, political decisions...etc.
Maybe those trading without leverage based on huge captial - they have a mathematical edge especially against those using high leverage.....
High leverage is the main mathematical reason why retailer loose hard and fast......so that's why the otherside offers you as high as possible leverage...

Retail forex is a suckers game..... just admit that your all gamblers
  • #224
  • Apr 15, 2016 6:47pm Apr 15, 2016 6:47pm
Me.
  • #225
  • Apr 16, 2016 5:42am Apr 16, 2016 5:42am
Quoting GDR3k
Me.
Attached Image
  • #226
  • Apr 16, 2016 6:17am Apr 16, 2016 6:17am
Quoting GDR3k
Me.
... the hoards will come at you with pitchforks. ... LOL
Ghost Rider - WWTBMD?
  • #227
  • Apr 16, 2016 6:38am Apr 16, 2016 6:38am
Are there any successful Traders in Forex Factory?

I personally know only one trader . He happens to be in my city.
He trades for a living. His start is very impressing and I have been inspired by this guy.
He started his journey of looking for some money making opportunity online. During his search he came across forex trading and Agea broker where they were giving $5 as no deposit bonus. He went on to make over $30 in profits.He tried to withdraw and after deduction $7 the broker gave him Liberty Reserve.(ecurrency) He got it en-cashed . He initially did not believe it was this easy and then was on it regularly.
For the last 3 years he is living off trading along with some other internet income.
His profits are never fixed and it varies a lot. Some months he is negative , some months he is break even and most of the months he is in profits ranging from $200 to $2000. I know this as all his e-currency(withdrawals) is en-cashed with my help.(twice this year encashed around $2000 )
His life style is very modest and a mere $200 is sufficient to cover all his monthly expenses. Whenever he makes more he invests the additional money in fixed term deposits and mutual funds.
He does not believe in compounding and he does not trust any broker as he will not be able to do anything if the firm goes down. He immediately withdraws all profits latest by end of week. He does not want to go to any hassle and only concentrates on trading. As for making millions and billions , he never thought of that and just wants a regular source of income.
When the going gets tough , the tough get going
  • #228
  • Apr 17, 2016 10:32am Apr 17, 2016 10:32am
me, ask away.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 20.2%
  • #229
  • Edited 3:54pm Apr 17, 2016 3:41pm | Edited 3:54pm
Quoting Stubborn
His life style is very modest and a mere $200 is sufficient to cover all his monthly expenses.
Just out of curiosity, where's your friend living ? Does he owns his house/flat?
  • #230
  • Apr 17, 2016 4:34pm Apr 17, 2016 4:34pm
I dunno where you guys get these mythical "facts" from. Probably the same "facts" you base your trades off.. LOL
all this 95% talk is bs!

Attached Image (click to enlarge)
Click to Enlarge Name: profitable.jpg Size: 41 KB
The only system that will work is one designed by and for yourself.
  • #231
  • Apr 17, 2016 5:37pm Apr 17, 2016 5:37pm
I've been successful for quite some time now. I trade with very low leverage and very low risk per trade. Consequently, no single trade will make me rich, or bust my account. I select trades that are in agreement with central bank policies and I use a very simple method that follows trends after breakouts. Profits average about 1% a week and drawdowns are small and rare. The biggest mistake I see from novice traders is the desire to get rich quickly. I haven't found a way to do that. I only seem to have the choice to get rich slowly or go broke quickly. If a novice trader is losing money, I'd advise her/him to reduce risk and leverage significantly. Best success to all.
  • #232
  • Apr 17, 2016 5:46pm Apr 17, 2016 5:46pm
I am looking for a trading coach who works mostly with mind set/psychology not trading systems ........ does anyone know of a successful coach out there?
  • #233
  • Apr 17, 2016 11:43pm Apr 17, 2016 11:43pm
Quoting HeyYou
{quote} Just out of curiosity, where's your friend living ? Does he owns his house/flat?
He lives on the outskirts of a metro city of India. He does own his own home. The land was bought by his father. He has constructed a pucca house from a temporary house. Has made a lot of progress in life in small measured steps.
When the going gets tough , the tough get going
  • #234
  • Apr 18, 2016 12:19am Apr 18, 2016 12:19am
My current trades.... i think still far from becoming an elite trader.

http://postimg.org/image/41t2nfjf3/
  • #235
  • Apr 18, 2016 12:36am Apr 18, 2016 12:36am
Quoting Stubborn
{quote} He lives on the outskirts of a metro city of India. He does own his own home. The land was bought by his father. He has constructed a pucca house from a temporary house. Has made a lot of progress in life in small measured steps.





Cool, with that money I can live for one week.
In winter times even less (due to heating expenses)
  • #236
  • Apr 18, 2016 12:53am Apr 18, 2016 12:53am
Quoting HeyYou
{quote} Cool, with that money I can live for one week. In winter times even less (due to heating expenses)
I understand. He does not have any false expenses. No addictions at all.
When the going gets tough , the tough get going
  • #237
  • Apr 18, 2016 12:58am Apr 18, 2016 12:58am
Hi, Genius Trader

I coach traders from time to time, happy to provide some help. PM me.

MT

Quoting GeniusTrader
I am looking for a trading coach who works mostly with mind set/psychology not trading systems ........ does anyone know of a successful coach out there?
  • #238
  • Apr 18, 2016 1:16am Apr 18, 2016 1:16am
Welll said Graviton, slowly amd consistantly is the only way!


Quoting Graviton
I've been successful for quite some time now. I trade with very low leverage and very low risk per trade. Consequently, no single trade will make me rich, or bust my account. I select trades that are in agreement with central bank policies and I use a very simple method that follows trends after breakouts. Profits average about 1% a week and drawdowns are small and rare. The biggest mistake I see from novice traders is the desire to get rich quickly. I haven't found a way to do that. I only seem to have the choice to get rich slowly or go broke...
  • #239
  • Apr 18, 2016 1:24am Apr 18, 2016 1:24am
Trading forex is like trading any other market or instrument. Needs to be treated with respect! The only losers are people who believe they can get rich in a few weeks because it says on the net!

Forex Brokers / banks through spread, rollover, commission, transaction costs, exchange.
Same in every market, furures, options, shares!! It is the cost of doing business.

Quoting HudithePfupf
I think the answer for this question is: http://www.financemagnates.com/forex...roved-trading/ Based on financial magnats data from CFTC in the US, retail traders are in average about 35% winners / 65% loosers over just a 3 month period. If you calculate that into the future it will look really ugly..... 3 months : 35% winners 12 months: 1.5% winners 24 months: 0.02 % winners ....... Even the best retails trader will convert to teaching forex or selling forex within...
  • #240
  • Apr 18, 2016 2:25am Apr 18, 2016 2:25am
Quoting Anusragger
{quote} The 5% you mention dont waste their time here. So... zero.
Some of us do. And it's not a waste of time.
Gone to a better place
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