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.
Last edited by yari123; 06-06-2007 at 06:55 PM.
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