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.

[pipgod]

Originally Posted by 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.

Arrogance lasts for a short time. People who know who they really are, on the inside, don't have to prove anything to anyone else. Your most successful traders/investors will be the biggest helpers.

[pipgod]

If a one year millionaire is your goal, $15,000 will get you there very easily.

[pipbull]

Originally Posted by 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.

Now saying something like that is arrogant. My friend, don't confuse confidence with arrogance.

While i am pretty sure that there exists successful, arrogant traders, their success will tend to be very short-lived. Carrying on with that kind of trait will end up leading a trader to feel as if he's indestructible, which inevitably will lead to overtrading and overrisking. These are the top two killers of any trader's account. So, please don't sit here and tell us all that the best Wall Street dudes are arrogant. They are arrogant only because they think they are the best, but their doom day will most certainly come if they don't keep the arrogance in check.

If those traders you are referring to are truly successful, then they intuitively understand that the market can swallow them whole at any time. One stupid move and they are done in. Arrogance leads to that stupidity. The best traders know that the market commands respect, for it is the only thing that will keep them in the game in the long-haul.

If a trader will not teach himself humility, worry not --- the market will teach you.