For some, it takes 2 days i.e. the many
For others - i.e. the very few (probably none) - it may take years
This also includes "churning" (trading but never showing a profit)
1
Are there actually any profitable traders on Forex Factory? 6 replies
Profitable Scalping for the Retail Trader 135 replies
Most Helpful Threads on Forex Factory 6 replies
Integrated forex factory news results into meta trader 4 2 replies
Who is a "Constantly Profitable Trader"? 23 replies
DislikedI don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...Ignored
DislikedI don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...Ignored
DislikedI don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...Ignored
Disliked{quote} "I'd be surprised if the average return was less than 100% per month," Good griefIgnored
Dislikedhigh profit factor, high being > 2 . If you have over 500 trades spread out relatively evenly over a period of say 3 yrs, with small variance in position-size among the trades, and have a profit factor > 1.5, you are doing extremely well , > 2 makes you an exceptionally phenomenal trader. myfxbook accounts are...Ignored
Disliked{quote}{quote} Myfxbook has two security verification methods: 1) Track Record 2) Trading Privileges without them being verified - there is no guarantee that those accounts are even real. I am using them for a long time and I am absolutely sure that cannot beat them easily, at least the second security verification method - the trading privileges cannot be fake. {image}Ignored
Disliked{quote} While your jaws are on the floor, we average 425 pips per week, too. Several traders in the group will capture 3500-4000 pips per month. If you 2 kids can't figure out how to trade, then maybe find another line of work. I've been posting my trading approach in my FF journal for a few years now. Nothing to hide here, friends.Ignored
Disliked{quote} Even with those green ticks on Track record and Trading privileges there are several other ways that myfxbook trade records could be manipulated, just google it. I am not saying all myfxbook accounts are fake, I am a big fan myself and it is a great way to analyze results, but as is the nature of the beast (fx trading business) there are many tricks in the arsenal of a determined entity to pull the wool over unsuspecting eyes, just saying be careful that's all. {quote} Are those USD/MXN pips or EUR/GBP pips ?Ignored
Disliked{quote} While your jaws are on the floor, we average 425 pips per week, too. Several traders in the group will capture 3500-4000 pips per month. If you 2 kids can't figure out how to trade, then maybe find another line of work. I've been posting my trading approach in my FF journal for a few years now. Nothing to hide here, friends.Ignored
Disliked{quote} AND THATS HOW all professional traders measure their success by % gains in their live accounts (thats how they get paid too a percentage of the profit)Ignored
Disliked{quote} Even with those green ticks on Track record and Trading privileges there are several other ways that myfxbook trade records could be manipulated, just google it. I am not saying all myfxbook accounts are fake, I am a big fan myself and it is a great way to analyze results, but as is the nature of the beast (fx trading business) there are many tricks in the arsenal of a determined entity to pull the wool over unsuspecting eyes, just saying be careful that's all. {quote} Are those USD/MXN pips or EUR/GBP pips ?Ignored
Disliked{quote} Certainly those pips are possible in successful trading. these fellows have not discovered how yet.? I believe you, however the 100% does sound a lot, is it impossible? no , with a differentiating risk appetite portioning of one's account, it is possible. And in a sensible way, not a reckless approach.Ignored
Disliked{quote} Let me give you the facts that GEfx posted. 425pips per week results in more than 100% per month and for his group of 100 traders not achieving that will surprise him. There are several traders in his group that clock 3500-4000pips per month for 1000% per month. Why are we all not handing our accounts over to GEfx to trade for us ? GEfx, I believe you I seriously do so convinced that I made the offer BUT you have yet to accept my offer ?Ignored
DislikedI don't know who is the most profitable trader on FF, but I have been trading with a group (closed to new members) now for many years (currently there are over 100 members). Everyone in the group is profitable, and we know this because to remain a member, you have to report your profitability every year. Just a guess, but I'd be surprised if the average return was less than 100% per month, and most much higher than that. That kind of performance is not the best in the forex I'm sure, but it is what we've achieved as a group. We don't meet regularly...Ignored