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How many consistently profitable traders around?

  • #41
  • Feb 1, 2017 8:19am Feb 1, 2017 8:19am
1 out of 10.000 will make it.
Your level of experience and skill must be extremely high, or you will be eaten alive.
If you're just "good" or "average", the chance of surviving is very small.

I'm talking about making a real living from trading, over many years!
  • #42
  • Feb 1, 2017 8:49am Feb 1, 2017 8:49am
totally agree: to make a living from trading, there are maybe 1 / 10.000.

i guess, everybody started trading as a part time job with more or less knowledge.
lets see where time brings the noobs to.
  • #43
  • Feb 5, 2017 7:10am Feb 5, 2017 7:10am
Quoting The-Flipper
1 out of 10.000 will make it. Your level of experience and skill must be extremely high, or you will be eaten alive. If you're just "good" or "average", the chance of surviving is very small. I'm talking about making a real living from trading, over many years!
I agree. In order to live on trading income alone one needs to be exceptional, not just good. That said, if you’re “just” good you can still earn some nice additional income.
  • #44
  • Feb 5, 2017 8:14pm Feb 5, 2017 8:14pm
Quoting mlawson71
{quote} I agree. In order to live on trading income alone one needs to be exceptional, not just good. That said, if youre just good you can still earn some nice additional income.
what defines an exceptional from a good trader in your opinion? they both are consistently profitable in the markets i guess? Anyone who has an edge / big enough capital can make a living from trading.

So when the "good trader" makes an average return of "just" 10% a year on a 1MM account he cant make a living?
  • #45
  • Feb 5, 2017 10:36pm Feb 5, 2017 10:36pm
in profit in forex trading depends on science which have, with the knowledge that the maximum would have been able to consistently get the profit. For it to do to continue to do in learning step by step to be able to consistently profit obtained
  • #46
  • Feb 6, 2017 12:27am Feb 6, 2017 12:27am
Consistent traders trading RETAIL FOREX long term?

Zero. 0. Nada. Cero. Null. None.

If you want to make money with FOREX, become a Broker (A bit complex) or a more realistic approach, become an affiliate. Open a blog, a forum, a youtube channel, etc.

To make real money in any business, you need to either sell a real product or a real service.

You can't make money trading thin air. (Wolf of Wall Street quote).

The guys from Forex Factory, for example, make between 30K-50K per month as affiliates, and selling banner ad spots. They don't make a cent trading the market, and we are talking about the most popular forum in the business. None of their owners or admins, make a cent trading the market. Neither Merlin the magician or whatever.

They know their stuff and they know they can do a lot of money with Forex, but not trading it.

To make money with Forex, you need to be smart enough to never waste your money trading the market, and to stay away from trading.
The Black Swan: The Impact of the Highly Improbable
  • #47
  • Feb 6, 2017 12:32am Feb 6, 2017 12:32am
Quoting MapleLeaf
Consistent traders trading RETAIL FOREX long term? Zero. 0. Nada. Cero. Null. None. If you want to make money with FOREX, become a Broker (A bit complex) or a more realistic approach, become an affiliate. Open a blog, a forum, a youtube channel, etc. To make real money in any business, you need to either sell a real product or a real service. You can't make money trading thin air. (Wolf of Wall Street quote). The guys from Forex Factory, for example, make between 30K-50K per month as affiliates, and selling banner ad spots. They don't make a cent...

not sure if serious?
  • #48
  • Feb 6, 2017 1:37am Feb 6, 2017 1:37am
Quoting MapleLeaf
Consistent traders trading RETAIL FOREX long term? Zero. 0. Nada. Cero. Null. None. If you want to make money with FOREX, become a Broker (A bit complex) or a more realistic approach, become an affiliate. Open a blog, a forum, a youtube channel, etc. To make real money in any business, you need to either sell a real product or a real service. You can't make money trading thin air. (Wolf of Wall Street quote). The guys from Forex Factory, for example, make between 30K-50K per month as affiliates, and selling banner ad spots. They don't make a cent...
100 % true.
  • #49
  • Feb 10, 2017 5:59am Feb 10, 2017 5:59am
Quoting MapleLeaf
Consistent traders trading RETAIL FOREX long term? Zero. 0. Nada. Cero. Null. None. If you want to make money with FOREX, become a Broker (A bit complex) or a more realistic approach, become an affiliate. Open a blog, a forum, a youtube channel, etc. To make real money in any business, you need to either sell a real product or a real service. You can't make money trading thin air. (Wolf of Wall Street quote). The guys from Forex Factory, for example, make between 30K-50K per month as affiliates, and selling banner ad spots. They don't make a cent...

You are right about everything except your opening statement. It is simply not true, actually it is far from the truth. I might be wrong but you sound like one of those guys who tried trading, wasnt successful and now blames everything else but themselves for their failure. If you didnt make it trading FX, it doesnt mean others cant. I apologize if I am wrong but thats the vibe I get from you. I have seen it too many times before...
  • #50
  • Feb 12, 2017 10:13pm Feb 12, 2017 10:13pm
Quoting erud
{quote} You are right about everything except your opening statement. It is simply not true, actually it is far from the truth. I might be wrong but you sound like one of those guys who tried trading, wasnt successful and now blames everything else but themselves for their failure. If you didnt make it trading FX, it doesnt mean others cant. I apologize if I am wrong but thats the vibe I get from you. I have seen it too many times before...
in running forex trading business should be to do with the learning before the run, because of the existence of a the huge risks should strive to improve trading skills, success in forex it depends in its maximum capabilities in trading knowledge possessed
  • #51
  • Feb 13, 2017 7:55pm Feb 13, 2017 7:55pm
Quoting erud
{quote} You are right about everything except your opening statement. It is simply not true, actually it is far from the truth. I might be wrong but you sound like one of those guys who tried trading, wasnt successful and now blames everything else but themselves for their failure. If you didnt make it trading FX, it doesnt mean others cant. I apologize if I am wrong but thats the vibe I get from you. I have seen it too many times before...
Are you saying you make a living trading RETAIL FOREX, month after month, and have done so for the last 5 years at least?

Sorry, but I don't believe you.

According to official brokers stats for a period longer than 12 months, 99.6% of people trading RETAIL FOREX lose money in this scheme. (Almost identical numbers as in Gambling).

Nuff Said.
The Black Swan: The Impact of the Highly Improbable
  • #52
  • Feb 13, 2017 11:20pm Feb 13, 2017 11:20pm
get consistent in learning that can be obtained when we've been able to leverage in his knowledge, to always continue to strive to improve the ability of consistent trading profits can be obtained also
  • #53
  • Feb 14, 2017 2:13am Feb 14, 2017 2:13am
I've been trading forex since 2005. I'm not sure if any of the traders who used to hang out at moneytec are still around. This makes me think if trading forex is profitable in the long term.
  • #54
  • Feb 14, 2017 6:01am Feb 14, 2017 6:01am
Quoting erud
You are right about everything except your opening statement. It is simply not true, actually it is far from the truth.
Indeed you're correct. If you're interested, I posted a couple of examples of millionaire retail FX traders here.
  • #55
  • Feb 15, 2017 8:30pm Feb 15, 2017 8:30pm
the profits to be earned run forex business it depends on the skill and ability of the maximum. And for it to be consistent in carrying out forex business must do in the way of learning beforehand as in demo or demo trading contest
  • #56
  • Feb 16, 2017 8:25am Feb 16, 2017 8:25am
If so many will fail, why so many start?
  • #57
  • Edited Feb 17, 2017 2:52am Feb 16, 2017 5:01pm | Edited Feb 17, 2017 2:52am
Quoting MapleLeaf
Consistent traders trading RETAIL FOREX long term? Zero. 0. Nada. Cero. Null. None. If you want to make money with FOREX, become a Broker (A bit complex) or a more realistic approach, become an affiliate. Open a blog, a forum, a youtube channel, etc. To make real money in any business, you need to either sell a real product or a real service. You can't make money trading thin air. (Wolf of Wall Street quote). The guys from Forex Factory, for example, make between 30K-50K per month as affiliates, and selling banner ad spots. They don't make a cent...
They also said Mingary can trade.
They also said the moon landing was fake.
They also said crossing the ocean was impossible.
You came here for the truth and let me unveil it for you
  • #58
  • Feb 16, 2017 5:03pm Feb 16, 2017 5:03pm
Quoting alphatrader3
If so many will fail, why so many start?
Because it's human nature to take risks. Without risk nothing is possible.
You came here for the truth and let me unveil it for you
  • #59
  • Feb 16, 2017 11:38pm Feb 16, 2017 11:38pm
Quoting RondaRousey
{quote} They also said the earth was flat. They also said the moon landing was fake. They also said crossing the ocean was impossible.
That is a very poor use of the "straw man" logical argument.
  • #60
  • Feb 17, 2017 2:43am Feb 17, 2017 2:43am
consistent in doing forex trading business that would be obtained if the own skills and abilities are maximized, forex is a business the risks are large, so the ability of the major success in the forex trading business.
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