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  • #1,068,481
  • May 26, 2016 1:54pm May 26, 2016 1:54pm
Quoting KillerWhale
{quote} I'm good myself, I have no other income (except from playing BlackJack in a casino) then just forex. I'm living of this since January 2011 when my last job was sold out to India. I was a senior Treasury Analyst for one of the Fortune 500 companies and they sold me out. I'm also an Enrolled Agent, which means I can do Tax Forms for every american all over the world. And on top of that, I am a certified notary and a QuickBooks Consultant on the highest level.
impressive, too bad everything is being sold to india these days
When life gives you lemons, make lemonade
  • #1,068,482
  • May 26, 2016 1:56pm May 26, 2016 1:56pm
Quoting Hairi
{quote} Good traders? Depends. Trend trader become good trader, when market are trending. Are they still good trader in choppy market? Depends. Vise versa in sideway market. Good and Persistance traders are rare. Legendary trader not even join FF!
then that good trader wont trade in choppy market, x amount of other currency pairs, if not then sit and wait
  • #1,068,483
  • May 26, 2016 1:58pm May 26, 2016 1:58pm
Quoting Hairi
{quote} Good traders? Depends. Trend trader become good trader, when market are trending. Are they still good trader in choppy market? Depends. Vise versa in sideway market. Good and Persistance traders are rare. Legendary trader not even join FF!
Good traders don't work with future. They work with present, they can tell what is happening at the moment.. (trending up/down, consolidation) and act accordingly to situation). That is why.. when people ask me.. what will happen in 1 hour.. or 1 day.. I always answer I don't know, because I really don't. (And I don't need to know.. to be profitable)

What I wrote above - noobs (no pun intended) will not get it, advanced traders will.
  • #1,068,484
  • May 26, 2016 1:59pm May 26, 2016 1:59pm
Quoting KillerWhale
{quote} I'm good myself, I have no other income (except from playing BlackJack in a casino) then just forex. I'm living of this since January 2011 when my last job was sold out to India. I was a senior Treasury Analyst for one of the Fortune 500 companies and they sold me out. I'm also an Enrolled Agent, which means I can do Tax Forms for every american all over the world. And on top of that, I am a certified notary and a QuickBooks Consultant on the highest level.
do you know anything about forex tax in the UK?

I'm too young to have an experienced job - my main income is forex, I make enough for my age (that's more than the average, I don't settle for average).
  • #1,068,485
  • May 26, 2016 1:59pm May 26, 2016 1:59pm
Quoting Don96
{quote} then that good trader wont trade in choppy market, x amount of other currency pairs, if not then sit and wait
100% was having a convo with someone about this very subject yesterday. Problem is the solo guys aren't getting paid to sit on there ass like institutional guys so they get jumpy and feel the need to "work" when the market isn't there for them. Need to be patient and wait for the market to feed you
  • #1,068,486
  • May 26, 2016 1:59pm May 26, 2016 1:59pm
And I still do not understand that while I was having a good 2 year run on Turkish Lira, I made great trades and posted them all the time, from 1,000 to even 3,500 pips in a week, and no one followed me.

Everyone could have seen that in Feb 2014 interest rates in Turkey went from about 7 to 12% to attract foreign investors.

Everyone was curious but no one followed me. Even when I showed I had $330 per day, 7 days per week only in interest.

I can still eat from that load 10 years from now.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,068,487
  • May 26, 2016 2:00pm May 26, 2016 2:00pm
Bought.
Attached Image (click to enlarge)
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  • #1,068,488
  • May 26, 2016 2:00pm May 26, 2016 2:00pm
Quoting Techanalyst
Bought. {image}
woop woop, now you are someone who proved me wrong when you first came here
  • #1,068,489
  • May 26, 2016 2:02pm May 26, 2016 2:02pm
Quoting Techanalyst
Bought. {image}
I am still in as well.
Attached Image (click to enlarge)
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  • #1,068,490
  • May 26, 2016 2:02pm May 26, 2016 2:02pm
Quoting Don96
{quote} then that good trader wont trade in choppy market, x amount of other currency pairs, if not then sit and wait
Not really. Scalper are (maybe) the best (or good) trader in choppy market.
To bad that, some good trader apply the same method in all market condition.
  • #1,068,491
  • May 26, 2016 2:04pm May 26, 2016 2:04pm
Quoting Raa
{quote} Good traders don't work with future. They work with present, they can tell what is happening at the moment.. (trending up/down, consolidation) and act accordingly to situation). That is why.. when people ask me.. what will happen in 1 hour.. or 1 day.. I always answer I don't know, because I really don't. (And I don't need to know.. to be profitable) What I wrote above - noobs (no pun intended) will not get it, advanced traders will.
Agreed.
  • #1,068,492
  • May 26, 2016 2:06pm May 26, 2016 2:06pm
Quoting raiders
{quote} 100% was having a convo with someone about this very subject yesterday. Problem is the solo guys aren't getting paid to sit on there ass like institutional guys so they get jumpy and feel the need to "work" when the market isn't there for them. Need to be patient and wait for the market to feed you
killerwhale shall tell you differently I'm sure

I mean those solo guys... if they are good, then really, depending on age I suppose shouldn't need a job? or is their job because they enjoy what they do? or does their job offer more income? or is it that they live in UK and forex is secondary income and tax free?

I mean shittt they should be paying themselves, all this x amount per month, is that just a modern day myth? how many forex millionaires are there that play to this ? if the trade is there and its one you would take if you were into the next month, then take it? pay yourself and stop being a pussy in a profession game or gamble that you needed to take a risk on to start in the first place...

  • #1,068,493
  • May 26, 2016 2:07pm May 26, 2016 2:07pm
Quoting Hairi
{quote} Not really. Scalper are (maybe) the best (or good) trader in choppy market. To bad that, some good trader apply the same method in all market condition.
not really what?
  • #1,068,494
  • May 26, 2016 2:10pm May 26, 2016 2:10pm
Quoting Don96
{quote} not really what?
Good trader wont trade in choppy market. <--- not really.
  • #1,068,495
  • May 26, 2016 2:11pm May 26, 2016 2:11pm
Quoting Raa
{quote} I am still in as well. {image}
You're not even close to be reliable to me. You started 8 threads, obviously with no success, you have very little experience and you don't even come close to what I would say is a good source of information.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,068,496
  • May 26, 2016 2:11pm May 26, 2016 2:11pm
Quoting Hairi
{quote} Good trader wont trade in choppy market. <--- not really.
i was referring to your category of trend traders... you mentioned it... i didn't say anything about any other traders
  • #1,068,497
  • May 26, 2016 2:12pm May 26, 2016 2:12pm
Quoting Don96
{quote} do you know anything about forex tax in the UK?
No, but I can probably find out pretty easily
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,068,498
  • May 26, 2016 2:15pm May 26, 2016 2:15pm
Quoting KillerWhale
{quote} No, but I can probably find out pretty easily
well the question i have is...
some places say forex is tax free if secondary income,
then you have spreadbetting accounts, is this tax free? or is it the same as forex accounts, i mean ive skimmed around and all info is from people i do not trust
  • #1,068,499
  • May 26, 2016 2:15pm May 26, 2016 2:15pm
Quoting Don96
{quote} i was referring to your category of trend traders... you mentioned it... i didn't say anything about any other traders
Haha misunderstanding then.
Goodnight. Got to wake up for Asia session.
Friday's direction.
  • #1,068,500
  • May 26, 2016 2:16pm May 26, 2016 2:16pm
Quoting KillerWhale
{quote} No, but I can probably find out pretty easily
At this moment I think forex gain in UK is free of tax.
New voice message: Why are you calling me? If I need you, I'll call you!
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