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Forex as a Future?

  • #121
  • May 15, 2016 5:10pm May 15, 2016 5:10pm
Quoting GibsonL6
{quote} My sincere condolences MasterGuru..Unfortunately it happens to frequently, when someone loses their life savings!
Thanks, Gibson!

It is still hard to digest that failure in trading can result in such a horrible action... But apparently it can, if one firmly believes in Mr. Ford's quote...

As she did believe in it until the VERY LAST MINUTE, until her MT4's last message was "Not Enough Equity"... Seriously.
  • #122
  • May 15, 2016 5:16pm May 15, 2016 5:16pm
hi
i trade forex since 2005 and i have no regrets in doing so. life in this industry is a never ending learning process. be strong and one day u will find yourself a successful trader.
  • #123
  • May 15, 2016 5:18pm May 15, 2016 5:18pm
Quoting GibsonL6
{quote} So, would say that you are the average lazy person, not willing to put in the effort at this time to secure his future?...but will , when the time is right ? If not consistently profitable yet, would you have no problem putting in another ten years, until you can see consistent profits?
i can tell you that even if had a losing year, still had a profitable three-year period, so.. it's fine, i don't complain.

and.. i don't believe in the consistently myth that is so popular among retail traders, nothing in this universe is "consistently", not sports teams, companies, economies (countries), political parties, careers, health, everything is continuously changing, yet retails are still looking for a fixed trading system that bring "constantly" profits, in a dynamic and inconstant universe.

madness.
  • #124
  • May 15, 2016 5:36pm May 15, 2016 5:36pm
Quoting tunera
{quote} i can tell you that even if had a losing year, still had a profitable three-year period, so.. it's fine, i don't complain. and.. i don't believe in the consistently myth that is so popular among retail traders, nothing in this universe is "consistently", not sports teams, companies, economies (countries), political parties, careers, health, everything is continuously changing, yet retails are still looking for a fixed trading system that bring "constantly" profits, in a dynamic and inconstant universe. madness.
Tunera, you seem to be a decent person, but.....I must tell you, according to your answers, your flying by the seat of your pants, with no direction.....and your trading Retail Forex..to make matters worse!

If you have any kind of enterprising spirit, there are tons of other businesses out there, that have very good profit expectations.. within a very reasonable amount of time. Forex will get you nowhere...
  • #125
  • May 15, 2016 5:39pm May 15, 2016 5:39pm
Quoting GibsonL6
{quote} Tunera, you seem to be a decent person, but.....I must tell you, according to your answers, your flying by the seat of your pants, with no direction.....and your trading Retail Forex..to make matters worse! If you have any kind of enterprising spirit, there are tons of other businesses out there, that have very good profit expectations.. within a very reasonable amount of time. Forex will get you nowhere...
just because it may have had that affect on you, you don't need to be bitter about it and tell others it applies to everyone
  • #126
  • May 15, 2016 5:49pm May 15, 2016 5:49pm
If after an entire year of trading, experienced veteran traders still cannot come out ahead at net profitable, this points to us how difficult trading profitably can be. That's the true message that needs to be told about forex trading that newbies need to hear.

Traders lose their life savings, gets nowhere near profitable after years of dedicated learning and trying, and even lose it all after a number of profitable years. Traders take their lifes, broken homes and families as a result of failure is not uncommon.

Even for the claims about being profitable, very, very few reach the level of trading for a living, ie. making an equivalent income they would have made working in the corporate sector. Even fewer still that reap profits at a quantum that change their current financial status.
  • #127
  • May 15, 2016 5:52pm May 15, 2016 5:52pm
Quoting Don96
{quote} you don't need to be bitter

Go back to post #1 and re-read and understand all my posts until you get back to this post.!!...( That's what Strat would have said)..Lol..
  • #128
  • May 15, 2016 5:57pm May 15, 2016 5:57pm
Quoting tarrini65
well, i think different from you . I am a loser since the start of my forex experience, but i know why ...i don't have patience, and i am greedy. If you play it very slow and small you can make 10 percent a year , how many financial instruments can have a return like this? treat it as a business, be wyse and patient, not like me.

No, tarrini, you lost because forex is a rigged game.
  • #129
  • May 15, 2016 6:04pm May 15, 2016 6:04pm
Quoting skyway
If after an entire year of trading, experienced veteran traders still cannot come out ahead at net profitable, this points to us how difficult trading profitably can be. That's the true message that needs to be told about forex trading that newbies need to hear. Traders lose their life savings, gets nowhere near profitable after years of dedicated learning and trying, and even lose it all after a number of profitable years. Traders take their lifes, broken homes and families as a result of failure is not uncommon. Even for the claims about being...
Even though you have mocked my statment aout "B-booking"', I have to agree with you...
  • #130
  • May 15, 2016 6:07pm May 15, 2016 6:07pm
Quoting MasterGuru
{quote} Even though you have mocked my statment aout "B-booking"', I have to agree with you...
I think you're refering to seahorse...
  • #131
  • May 15, 2016 6:10pm May 15, 2016 6:10pm
Sorry! Yes, it was Seahorse...
  • #132
  • May 15, 2016 6:16pm May 15, 2016 6:16pm
Quoting skyway
If after an entire year of trading, experienced veteran traders still cannot come out ahead at net profitable, this points to us how difficult trading profitably can be. That's the true message that needs to be told about forex trading that newbies need to hear. Traders lose their life savings, gets nowhere near profitable after years of dedicated learning and trying, and even lose it all after a number of profitable years. Traders take their lifes, broken homes and families as a result of failure is not uncommon. Even for the claims about being...
I knew someone was out there, that knew the true colours of Retail Forex.. Nice explanation!
  • #133
  • May 15, 2016 6:19pm May 15, 2016 6:19pm
Quoting GibsonL6
{quote} Tunera, you seem to be a decent person, but.....I must tell you, according to your answers, your flying by the seat of your pants, with no direction.....and your trading Retail Forex..to make matters worse! If you have any kind of enterprising spirit, there are tons of other businesses out there, that have very good profit expectations.. within a very reasonable amount of time. Forex will get you nowhere...
it's fine, i can tell you the very same thing about entrepreneuring, it's just a matter of opinions.

to me fx trading IS a business, and one with very good profit expectations.

wish you good luck!
  • #134
  • May 15, 2016 6:26pm May 15, 2016 6:26pm
Quoting skyway
If after an entire year of trading, experienced veteran traders still cannot come out ahead at net profitable, this points to us how difficult trading profitably can be. That's the true message that needs to be told about forex trading that newbies need to hear. Traders lose their life savings, gets nowhere near profitable after years of dedicated learning and trying, and even lose it all after a number of profitable years. Traders take their lifes, broken homes and families as a result of failure is not uncommon. Even for the claims about being...
it is all about risk and reward.you cant dream of being microsoft in 10 years with coporate work but you can be buffet in 10 years with trading currrency or equities.exteme sample but true.the liquidity you can reach with coporate work is way less then currency trading.the reward also comes with its risk.all balanced.you can dream of having super car with day working or you can dream after 10 years but you can get it in a single winner trade with currency trading.so everything is related with risk and reward and wel balanced.there is no rule that every trader will be sucesful after 5 years of experience but if you do you are king

risk and reward
  • #135
  • May 15, 2016 6:33pm May 15, 2016 6:33pm
Quoting GibsonL6
Its been 4 years or so since I traded FX, and I don't regret leaving this make believe world for one second. After spending thousands of hours studying/ learning all the ins and outs, I came to the conclusion that the only ones making money are the Brokers and System sellers. With the advent of the internet, retail forex was made available to the general public by brokers who saw an opportunity to tap into a fresh market...a nice easy market where money would come as easy as taking candy from a baby. Then came the system sellers ...another easy...
The entire thread contradicts itself here! Basically, you first off make the statement that the only people who make money are the brokers/system sellers. You then go on to say, after 4 years of your time in the market you have managed to make a profit! So what is it? It sounds more like your fear is dehabilitating you in that when you take losses you are so much afraid. If you have sound risk management and understand the MAX DD of your system it is impossible to fail. I think more what you are talking about is the majority who try to take 10k and make it into 1mil dollars.
I think you have come to the trading arena on the back of someone's sales pitch and not necessarily being full prepared yourself for this arena. Goodluck in your future endeavours and don't let fear get in your way.

When I do my taxes every year, they treat me like a business because I make no other income than FX trading and I am taxed in that way! So ?

The end game is do you have an edge or no, simple as that.
All posts are my personal opinion
  • #136
  • May 15, 2016 6:45pm May 15, 2016 6:45pm
If you think you can or if you think you can't, either way you're right. And frankly nobody cares what you think if you think you can't. Don't poison the waters and spread your negativism for the rest of us that make a living from it.
If only I knew then what I know now...
  • #137
  • May 15, 2016 7:03pm May 15, 2016 7:03pm
Quoting Rtm
{quote} The entire thread contradicts itself here! Basically, you first off make the statement that the only people who make money are the brokers/system sellers. You then go on to say, after 4 years of your time in the market you have managed to make a profit! So what is it? It sounds more like your fear is dehabilitating you in that when you take losses you are so much afraid. If you have sound risk management and understand the MAX DD of your system it is impossible to fail. I think more what you are talking about is the majority who try to take...
Your trying to read something in between the lines, that isn't there..I simply said I left when I was in profit, because I could see that this was very unrealistic, in the long run. That was the smarter move, rather than leaving when I was in the negative again, don't you think?..I've made my thoughts about Retail Forex quite clear, so I'm sure I don't need to repeat them.

So, it looks like we have a full time profitable trader here....please share your journey to fulltime profits, and how you managed to get into FX already prepared, without someone's sales pitch?
  • #138
  • May 15, 2016 7:18pm May 15, 2016 7:18pm
Quoting Rtm
{quote} The entire thread contradicts itself here! Basically, you first off make the statement that the only people who make money are the brokers/system sellers. You then go on to say, after 4 years of your time in the market you have managed to make a profit! So what is it? It sounds more like your fear is dehabilitating you in that when you take losses you are so much afraid. If you have sound risk management and understand the MAX DD of your system it is impossible to fail. I think more what you are talking about is the majority who try to take...
Tell us the balance of your total investment(capital) in forex. What is your annual % returns? What is your max drawdown ? What is your max annual loss ? How many years have you traded profitably at this said annual % returns ?

Without detail substantiated and verified info, any claims, implied or otherwise, means nothing or what's commonly known as B#@shit !
  • #139
  • May 15, 2016 7:50pm May 15, 2016 7:50pm
Quoting skyway
{quote} Tell us the balance of your total investment(capital) in forex. What is your annual % returns? What is your max drawdown ? What is your max annual loss ? How many years have you traded profitably at this said annual % returns ? Without detail substantiated and verified info, any claims, implied or otherwise, means nothing or what's commonly known as B#@shit !
gofuckyourself.com
All posts are my personal opinion
  • #140
  • May 15, 2016 7:56pm May 15, 2016 7:56pm
Quoting Rtm
{quote} gofuckyourself.com
Nothing personal, no offence and not to embarrass you. This is just another case of unsubstantiated claim.
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