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  #21 (permalink)  
Old 05-02-2007, 11:16 PM
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Smile Hi
HI am new here and just reading some of your posts.
I just wanted to ask you, have any of you met any millionaires who have made money just of the forex? Have you seen proof and watched how they trade? Do they really exist? I mean they all say they do well, but do they really? If so l would really love to meet them.

Its not easy making money off the forex. Just curiouse as to what you think?

Snez
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  #22 (permalink)  
Old 05-03-2007, 01:34 AM
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Millionaire is not a lofty goal.

Billionaire = 1,000 x millionaire.

Now that is a lofty goal.
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Old 05-03-2007, 10:52 AM
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Well the way I see it is that If you really, really want a goal go for trillionaire!!!! I've never heard of one of those. that's millionaire x a million. Now that I say is not only shooting for the moon, that shooting for pluto. But Of course one step at a time. (Remember what about about Bob?)
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Old 05-03-2007, 11:09 AM
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shezian asked:
Quote:
I just wanted to ask you, have any of you met any millionaires who have made money just of the forex? Have you seen proof and watched how they trade? Do they really exist?
There are well documented cases of speculators who have made millions in currency trading. George Soros is one of these rare examples. Just for fun, I recommend checking out how Soros and his backers “busted the BOE”. Those of you who think currencies can’t be manipulated should give it a look too.
Black Wednesday - Wikipedia, the free encyclopedia

I personally know two millionaires in Chicago who made fortunes in currency trading. Currency Futures trading, that is - not Forex trading. Both started as clerks and worked their way up. One has moved on. The other runs a fund. The most successful traders I know are on the sell side or the operational buy side. Retail Forex is a relative newcomer as a speculative device. OTC retail spot forex is still very much a dealer's game. There is some money to be made. I doubt there are many traders that made their bones as retail forex speculators (non-professional traders). Don't let that deter you from learning about trading by experimenting with forex! Retail trading of any financial instrument for a living is a tough, tough gig. Go slowly. The markets will be here when you are ready.

Good luck.
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Old 05-07-2007, 11:36 PM
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Again, Rob Grespi and Jimmy Young are probably the two I know of. One of the biggest forex losers still has to be Warren Buffet !
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Old 05-11-2007, 10:03 PM
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Any body have any clue why the first million is the hardest?
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Old 05-12-2007, 02:13 AM
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Making the first "million" is exciting - it comes with errors. The 2nd million is easier - because of what you learned from the first.
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  #28 (permalink)  
Old 05-12-2007, 05:56 AM
 

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Originally Posted by forexcranium View Post
Making the first "million" is exciting - it comes with errors. The 2nd million is easier - because of what you learned from the first.
In addition to that, you also have more capital for investment, so your money can grow much faster.


PS: Can someone give me a million?
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  #29 (permalink)  
Old 05-13-2007, 01:59 AM
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Quote:
Originally Posted by karmarchitect View Post
PS: Can someone give me a million?
It is better to teach a man to catch a fish, than to give him a fish?
Last edited by pipgod; 05-14-2007 at 12:39 AM.
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  #30 (permalink)  
Old 05-14-2007, 11:58 PM
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Here is a forex term for you guys today: Bucketshop Anyone wanna take a guess?
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