Forex Millionaires

[kontra]

are there any of you here? how long ago did you start trading? and what was your initial capital?

kontra

[jonesgrif]

How depressing, or maybe the millionaired don't use Babypips?
They go for the MegaPIPs, what would the Donald think about us 4x'ers?
Don't worry, just make good trades, and you'll be independently wealthy in your own way, all from $2000 and 10 Demo accounts

[halo3plz]

some guy here claimed his forex account is worth 2.7m now. his name was seneka7 or sumthin like that. he posted in the thread named ''post your pips''

[pipbull]

Originally Posted by jonesgrif

How depressing, or maybe the millionaired don't use Babypips?
They go for the MegaPIPs, what would the Donald think about us 4x'ers?
Don't worry, just make good trades, and you'll be independently wealthy in your own way, all from $2000 and 10 Demo accounts

With all due respect, noone answers because the answer shouldn't really matter to your own progress. Even if there were multi-million dollar traders here, the best traders would never post it or brag about it. Humility is everything in this business so, if i were you, i wouldn't hold your breath waiting for the answer.

If it is inspiration you are looking for read Market Wizards. There you will find the ultimate collection of inspirational traders who turned nothing into something

[rhodytrader]

Originally Posted by pipbull

With all due respect, noone answers because the answer shouldn't really matter to your own progress. Even if there were multi-million dollar traders here, the best traders would never post it or brag about it. Humility is everything in this business so, if i were you, i wouldn't hold your breath waiting for the answer.

If it is inspiration you are looking for read Market Wizards. There you will find the ultimate collection of inspirational traders who turned nothing into something

Spot on pipbull!

Couldn't agree more.

[genghisclown]

Right-o. Check your local bookstore... I would suppose the Forex Millionaires are writing books rather than hanging out in forums.

[scottyb159]

No offense meant but if any of you really believe Humility is a quality of a Trader, you have never met a suceesful trader. Wall street traders are among the most arogant.

[yari123]

this has become a really pointless thread. no one really answered the question by providing adequate evidence.

theres only a few of you who "know" these millionaires ( i do believe there are people who beat stats), but thats about it. i think the original question of the thread was trying to take a measure of how many of us actually posting here actively were able to accumulate net asset of million dollars through forex. it seems from the divergence from the original question into a more rhetorical and philosophical responses indicate there are none, or if not only a few who had been able to break through the million dollar barrier.

its a given fact there's more people losing money than making it on forex, unfortunately people here tend to be nervous, (especially those of us who are just starting out) when their bias is discovered , and try to shove it under the bed, but the reality is in fact, forex is a lot like gambling. you can take educated guesses, same can be said playing cards, one will claim to have "intuition" or a "six-sense" imo, speculating is only a mind trick your playing on yourself. and many successful traders realize that, and able to isolate their emotions, and trade with almost mechanical and cold rationale.

unfortuantely,you wont find many millionaires in speculating field, and dont expect any over night billionaires popping up here anytime soon.

This shouldn't be viewed as negative, but as fact of life. if speculating was so easy, then we would not need a exchange systems. the market would not operate efficiently. we need speculators to take on risks, unwanted by someone, and in the process discovering "prices" that serve as an important component of our capitalist economy.

[owliepip]

Originally Posted by yari123

this has become a really pointless thread. no one really answered the question by providing adequate evidence.

theres only a few of you who "know" these millionaires ( i do believe there are people who beat stats), but thats about it. i think the original question of the thread was trying to take a measure of how many of us actually posting here actively were able to accumulate net asset of million dollars through forex. it seems from the divergence from the original question into a more rhetorical and philosophical responses indicate there are none, or if not only a few who had been able to break through the million dollar barrier.

Pointless you said and you just did the same. Babypips is a learning forum and people are not in for 'right answers', just sharing ideas like you did in the third paragraph. Asking questions and sharing what you know is the objective. Who knows somebody may just have learnt something from your post.

[markofrespect11]

i personally dont know why, but i have been following this thread for quite some time and no ones questions are ever answered here!