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Who is the most profitable trader on Forex Factory?

  • #121
  • Dec 7, 2016 8:55am Dec 7, 2016 8:55am
Quoting PhilippineFX
The best trader I know personally now lives here in the Philippines. T started in retail FX 20+ years ago when honest brokers were the exception unlike today. Over the years on his journey to success he saw it all. He made and lost a lot of hard earned cash for the better part of a decade teaching himself how to trade. The over riding trait I see in T is that he never gives up. A true student of life he views every hard knock as a valuable learning experience. He had a crooked Canadian brokerage house take flight with his account. Total hit was...
THIS MAN REALLY REMARKBLE!!

if I have the chance, I also want to meet you.
Get some valuable advice from him on entry & exit!
What method that he using? Price Action? Fibo? Stoch normal? Any volume indicator? New trading?
Can't help to ask you so many questions.
Looking forward to discuss more with you.
Let Market Tell You
  • #122
  • Edited 11:42am Dec 7, 2016 11:24am | Edited 11:42am
Quoting wowzers
{quote} It seems you have a short-term memory. I called you out on this very same thing in the past and you conveniently didn't respond. You're always squawking in the forums about how beating the forex market is impossible and everybody loses and blah blah blah and other assorted nonsense of your's. The truth is your a big hypocrite. Why are you asking for proof from elsewhere when you trade the market profitably yourself and have shown this in your own thread....so why bullshit people? why de-moralize them you dumbass? Here's your most recent-pic...
No where to go from here ? are you sure ?
What does that picture really prove ?
Retail forex is like the search for the Perpetual Motion Machine.
Most can manage to make it spin for a few minutes and a few with the best material and superior "technology" can make it last for a few days.
But, in the end it always stops. The rules or thermodynamics are a bitch !
And so are the rules of retail forex:

Over time, the total sum of all retail forex customer accounts will turn into broker revenue thru the loss of the transaction costs.
(Not to mention Margin Calls and payments to the "shovel merchants" selling shovels to the "gold diggers")

You may believe that somewhere someone is making millions in retail forex from his/her parent's basement "working" only 2 hours a day in his/her pajamas, but unfortunately lack of evidence is not proof of existence.
The retail forex enthusiasts lives under the delusion of this metaphor: "I don't see any smoke, but it does not prove there is no fire" (:

Eppur si muove
  • #123
  • Dec 7, 2016 1:58pm Dec 7, 2016 1:58pm
Quoting Mingary
{quote} No where to go from here ? are you sure ? What does that picture really prove ? Retail forex is like the search for the Perpetual Motion Machine. Most can manage to make it spin for a few minutes and a few with the best material and superior "technology" can make it last for a few days. But, in the end it always stops. The rules or thermodynamics are a bitch ! And so are the rules of retail forex: Over time, the total sum of all retail forex customer accounts will turn into broker revenue thru the loss of the transaction costs. (Not to mention...
And why do you still trade???with your big words and loosing experience you should have quit forex and ff altogether by now.
100% KENYAN.
  • #124
  • Dec 7, 2016 11:11pm Dec 7, 2016 11:11pm
Quoting executivefx
{quote} And why do you still trade???with your big words and loosing experience you should have quit forex and ff altogether by now.
Because I like to read from people who use "loosing" incorrectly.

Retail Forex is like a casino, eventually ALL the clients' money go to the house
I have nothing against playing in the Retail Forex casino.
Understand the territory, any map is useless.
  • #125
  • Dec 8, 2016 12:54am Dec 8, 2016 12:54am
[quote=Mingary;9327557]{quote} Because I like to read from people who use "loosing" incorrectly. Retail Forex is like a casino, eventually ALL the clients' money go to the house I have nothing against playing in the Retail Forex casino. Understand the territory, any map is useless.[/quote.
You know if forex never worked out for you the only thing you should blame are your weak ass strategies,i think you are going through a hard time in your personal life may be you were dumped or rejected just like forex did to you,instead of spending too much time analysing how the market will average on you perhaps you should spend more time making your strategies better,you know losers have very convincing and convinient excuses but at the end of the day what they are is just a loser,or maybe you should start spelling classes you seem to be good at that.
100% KENYAN.
  • #126
  • Dec 8, 2016 1:03am Dec 8, 2016 1:03am
"you know losers have very convincing and convinient excuses but at the end of the day what they are is just a loser,or maybe you should start spelling classes you seem to be good at that."

No comment.............
  • #127
  • Dec 8, 2016 1:43am Dec 8, 2016 1:43am
There are two ways to measure "most profitable"...

1) Dollar Amount

2) Percentage


There are also two important factors to consider when assessing a traders success (profit)...

1) Short term

2) Long term


The most profitable trader here percentage-wise & short term is almost assuredly not the best trader here. They may be the most lucky actually.

The most profitable trader here dollar-wise and short term either has a huge bankroll or has been very lucky, or both.

The most profitable trader here percentage wise and long-term is among the best traders. Top of the class. They are most likely among the top profiting too, dollar-wise.
  • #128
  • Edited 7:32am Dec 8, 2016 6:52am | Edited 7:32am
Quoting executivefx
Quoting Mingary
{quote} Because I like to read from people who use "loosing" incorrectly. Retail Forex is like a casino, eventually ALL the clients' money go to the house I have nothing against playing in the Retail Forex casino. Understand the territory, any map is useless.[/quote. You know if forex never worked out for you the only thing you should blame are your weak ass strategies,i think you are going through a hard time in your personal life may be you were dumped or rejected just like forex did to you,instead of spending too much time
...
None of the above ...
By definition, it is absolutely certain that you (rhetorical you) are not making a living trading the retail forex as a trader.
  • #129
  • Dec 8, 2016 8:16am Dec 8, 2016 8:16am
Quoting Mingary
{quote}{quote} None of the above ... By definition, it is absolutely certain that you (rhetorical you) are not making a living trading the retail forex as a trader.
The biggest fool is the one who thinks they know it all,because the minute you think you know everything thats the minute you lock your mind from learning.
100% KENYAN.
  • #130
  • Edited 11:18am Dec 8, 2016 10:55am | Edited 11:18am
Quoting executivefx
{quote} The biggest fool is the one who thinks they know it all,because the minute you think you know everything thats the minute you lock your mind from learning.
Typical answer ... nothing new.

Perhaps you should learn something about this affliction that comes with being a retail forex enthusiast

Broadly speaking, the Dunning-Kruger Effect is defined as a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than is accurate. This bias is attributed to a metacognitive inability to recognize their [own] ineptitude.

Good luck with your trading..
  • #131
  • Dec 8, 2016 11:25am Dec 8, 2016 11:25am
Quoting Mingary
{quote} Typical answer ... nothing new. Perhaps you should learn something useful.. Broadly speaking, the Dunning-Kruger Effect is defined as a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than is accurate. This bias is attributed to a metacognitive inability to recognize their [own] ineptitude. Good luck with your trading..
sadly you miss the point again and again,may be i should explain in diagrams since words are becoming too hard for you but anyway i guess you really cant teach an old dog new tricks.i hope you don't drown in your pessimism or chock in it.
100% KENYAN.
  • #132
  • Dec 8, 2016 11:28am Dec 8, 2016 11:28am
Quoting executivefx
{quote} sadly you miss the point again and again,may be i should explain in diagrams since words are becoming too hard for you but anyway i guess you really cant teach an old dog new tricks.i hope you don't drown in your pessimism or chock in it.
No need to explain, just say hello to the elephant in the room
  • #133
  • Dec 8, 2016 11:37am Dec 8, 2016 11:37am
Quoting Mingary
{quote} No need to explain, just say hello to the elephant in the room
i think the whole point of this thread is to see who made the most money. Not how long you can survive in this game. Please spare us with your cut and paste theories about survival rate ..

now back to the question

who made the most money? in last week? last month? or even today based on the volatility

and that all that really matters people, MONEY. don't give me pips, don't give me %R:R bulshit..i can't pay bills with pips damn it

show me who made the most $$$ in any time frame...

then we can enjoy and daydream it'll happen to us...

*FF should make filters for TEs...it's been years since TEs came out.
  • #134
  • Dec 8, 2016 12:53pm Dec 8, 2016 12:53pm
This thread has lost its way, and is no longer interesting or relevant. It's become a bit of a pissing match between the eager enthusiast, and the dower pessimists. So a word of advise to new traders: before you enter a trade, be like Mingary; and after you enter a trade, and if you are sure of your trading approach, be like executivefx. Good trading everyone.
  • #135
  • Dec 8, 2016 1:22pm Dec 8, 2016 1:22pm
The guys/gals making real money keep their strategy and their profits to themselves. Fact.
  • #136
  • Edited 2:00pm Dec 8, 2016 1:41pm | Edited 2:00pm
Quoting GEfx
This thread has lost its way, and is no longer interesting or relevant. It's become a bit of a pissing match between the eager enthusiast, and the dower pessimists. So a word of advise to new traders: before you enter a trade, be like Mingary; and after you enter a trade, and if you are sure of your trading approach, be like executivefx. Good trading everyone.
Hi, GEfx.

You're absolutely right. The point of the thread was to find out by records,trader explorers, etc. who is the most profitable among the FF members.

So, to get back on track - here's a guy that claims to have made 200 USD into 70,000,000 USD !!! I've read some old threads and he had managed to generate quite a bit of controversy in 2013 and 2014.

In short - he claimed that he had blown 8 accounts of 200 USD each, and on his 9th or 10th time - found his way, increased to 10 k, 100 k...
I think that he also claimed of a couple of hundred percent of yield per week,regularly and trading with 500 lot positions!
Another fun fact - i think he claimed living in Singapore and invested some money in buying 1 METRIC TON of gold for "rainy days"!

There were at least 2 threads calling him out, he managed to convince hanover that he was legit, but i think Ken A exposed him as a fraud.

His profile: http://www.forexfactory.com/dancingphil

The thread about him: http://www.forexfactory.com/showthread.php?t=432218

I am not stating what he had said was true or possible, or encourage others to follow his advice or steps,especially without him managing to provide any records of it, but it's extremely entertaining to read.

If you do not have anything interesting to do - this is more fun than a movie or a book. Enjoy and trade safe!
  • #137
  • Dec 8, 2016 4:08pm Dec 8, 2016 4:08pm
[quote=Raynor;9331027]{quote} Hi, GEfx. You're absolutely right. The point of the thread was to find out by records,trader explorers, etc. who is the most profitable among the FF members. So, to get back on track - here's a guy that claims to have made 200 USD into 70,000,000 USD !!! I've read some old threads and he had managed to generate quite a bit of controversy in 2013 and 2014. In short - he claimed that he had blown 8 accounts of 200 USD each, and on his 9th or 10th time - found his way, increased to 10 k, 100 k... I think that he also claimed of a couple of hundred percent of yield per week,regularly and trading with 500 lot positions! Another fun fact - i think he claimed living in Singapore and invested some money in buying 1 METRIC TON of gold for "rainy days"! There were at least 2 threads calling him out, he managed to convince hanover that he was legit, but i think Ken A exposed him as a fraud. His profile: http://www.forexfactory.com/dancingphil The thread about him: http://www.forexfactory.com/showthread.php?t=432218 I am not stating what he had said was true or possible, or encourage others to follow his advice or steps,especially without him managing to provide any records of it, but it's extremely entertaining to read. If you do not have anything interesting to do - this is more fun than a movie or a book. Enjoy and trade safe![/quo


Finally an intelligent post...Spending a couple hours reading through some of DP`posts s will not be wasted. You will be at the very least entertained and possibly pick up some valuable information. Sadly Phil passed away in his home in China this September at the age of 56. He lived life large and will be missed by many.
  • #138
  • Dec 8, 2016 4:20pm Dec 8, 2016 4:20pm
Quoting Mingary
{quote} No need to explain, just say hello to the elephant in the room
http://www.forexfactory.com/realreason#acct.20,hello elephant.
100% KENYAN.
  • #139
  • Dec 8, 2016 5:55pm Dec 8, 2016 5:55pm

To all people who think everybody in casinos is doomed to lose.


I've seen several times people say that if you play in casinos or so called gamble you'll finally lose, no matter how professional you might be. I'm definitely sure that these people haven't played any games professionally in their lives and they've just heard some stories from some none-pro players. So let me write another story for you however there are a lot of stories about professional poker players and there are several websites that you can see the results of those players and the amount of their profitability and fact-check them.


A few years ago when I was surfing a forex forum, I saw a thread called "how to play poker". The beginner of the thread started teaching poker and claimed that it is very handy for your forex carrier in every respect. I started learning the basics and I liked it very much. I would play in some online poker rooms and at the same time learn more about it. After couple months, I took some online lessons at the online school of pokerstars which is the biggest and most reputable online poker room in the world, and passed a few quizzes and won some tickets worth I think 10$, more or less. I started playing with that money and I played thousands and thousands hands during 8 or 9 months. To make a long story short, I turned those few bucks into about 8000$. Sometimes I played 10 hours or more in a day and the number of those hands is big enough or more than enough so that you can see that as an acceptable size. It's like in forex you have a statement with for example 10000 positions or a five-year statement or even more. Unfortunately that poker room and almost every other online poker sites don't accept clients from my country anymore although I was about to give up playing as the result of high stress in high stacks. I sometimes play at a small poker room now but with a small amount and just for fun and interestingly I'm still playing profitably because I learned how to play that way.


Aside from the earned money, I learned a lot from that period. I learned the importance of money management. I learned you sometimes need to lose if you are going to win. No matter if you lose, it's Important to have an edge. In forex I don't care if my positions hit the stoploss anymore, unlike before. It's important that your account ends up green even though it has a lot of red ones in it.


Just one more thing. Do not break into a job if you don't believe in or feel good about it. If you do that, you just waste your money, time and life and you'll never believe there are people making money, or at least the money you wouldn't believe it, in that job. So what's the point, go find something that suits your taste, lifestyle, beliefs etc.



By the way, I think learning and playing poker especially in a professional manner, can help traders tremendously, so you won't regret if you give it a try.


  • #140
  • Dec 9, 2016 2:29am Dec 9, 2016 2:29am
Quoting Raynor
he managed to convince hanover that he was legit
Not true! -- please don't misquote me:
Quoting hanover
I have absolutely no idea whether Phil is telling the truth or not......I don't care whether hes telling the truth or not, because his results don't affect me, or my trading. I neither want to believe, nor do I want to disbelieve. I don't care......There are zillions of extravagant and unsupported claims made on trading forums; I suspect that the vast majority of them are false.
All I ever said was that his alleged achievement was mathematically possible; and that a lot of what he said made good sense to me (here, for example).

Sadly, in many cases, the level of thinking on this forum has become very one dimensional.
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