Does anyone really make money off of the Forex? - Page 12
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  1. #111
    InnerCircleTrader Guest
    Man do I see myself in this guy...

    Please understand, what I am about to say, I say with respect and in no means is it meant to offend anyone... least of which SharpDressedTrader.

    First let me state, I too used to be young and felt I was smarter than I actually was... and this was a dangerous thing! You see, I was pretty good in the beginning of my Trading. I had Computer Programming under my belt, I actually do have several black belts in several Martial Arts and I did sell Trade Advice, Courses, Newsletters, 900 Numbers and I was Sponsored Commentator by America Online in the 1990's for Trading Commodities and Equity Trading. I have experience with managed funds and I know how the industry operates and how it doesn't operate. I currently manage funds for the largest conglomerate in Maryland. So I am speaking with Real World experience and understanding… so please consider this.

    There is nothing “Wrong” with a young start trying to drum up an equity base to trade on by means of peddling wares. I did it, I made money and lot’s of it, I might add. I had thousands in my brood then and I collected hundreds of thousands from their subscriptions. It was and is a nightmare. I wanted to be seen as “The Hotshot” or the “Cool In The Know” Trader everyone looked up to and admired. I got to that level and you know what… I didn’t care too much for it once I got it. Ego young man, is poison. It turns folks off and even more to those you aspire to attract… for what ever purpose you have in mind.

    I do not have anything against your claims of 15-20% returns per month, as I see this and have for years. I do not see anything with your claims of 120% return for a year either as I teach how to do this very thing on these forums with little to next to nothing in effort. However,… with all that said… please understand me when I tell you that there is no… repeat zero Hedge Funds recruiting young aspiring EA traders and allocating funds to such individuals with less than a 36 month track record. They want to see the maximum drawdown the historical results show for the current year and the average over the life of the historical data… and not on Demo results. Funds are interested in the equity curve and stability in nonprofit periods… not percent returns.

    Selling micro-courses and plug-ins for $40 - screams “amateur” and in an industry such as ours… you won’t last long with such approaches and rhetoric. It is hard to win an audience over once you leave them thinking S.C.A.M. peddler is anything associated to you. In contrast to yourself, I realized I had an edge in the industry and while I made fortunes selling things… I woke up and simply dropped the nickel and dime stuff and simply Traded the things I sold signals on. I make hugely more than I ever did peddling signals and resources and now I simply give it away… for free. I can’t express how much more rewarding and satisfying that feeling is… having never asked or welcomed the exchange of one penny for anything I share in Trade Education. If you are making money a website is pennies to cover in costs… I had InnerCircleTrader.com, .info, .net, .tv and it was less than hundred dollars per month. So consider how “selling courses to pay for the website costs” sounds to everyone when it comes from the person claiming consistency and profitability? It deviates from your intended “image“… grossly.

    Here is the question that begs answering… if it’s a profitable method, why sell it? If I read this correctly, you trade this EA yourself and this un-named Hedge Fund trades it as well? I would like to know just two things personally…

    1) How did this EA and or yourself connect with any Hedge Fund?
    2) Who clears for the Hedge Fund?

    Here on these forums we see “Average Joe’s” come and go… and you are young and like MasterGunner said… quite obviously ambitious. Take what is being submitted as real world insight and not merely flaming on the part of those who have silver tongued penmanship and otherwise wit. There is real truth in these responses to you SharpTrader.

    Hope you stick around and develop a more well rounded profile!

    GLGT
    Quote Originally Posted by TheSharptrader View Post
    I learnt from Greg secker at knowledge to action. I own Home check out some of my robot stats and live trading stats for yourself, I make 120% annual trading forex with my expert advisor, manual trading I make 15-20% monthly. You just need real training from professionals in order to get those results not retail strategies. Lofty goals? Maybe to some but my goals are being achieved, and have done throughout some bad economical times. I know traders making 20-30% they are more experienced then me within my traders group.

  2. #112
    Join Date
    Mar 2012
    Posts
    18
    And I think with ICT's previous post, that guy is going to be long gone and done.

    He just got OWNED!

  3. #113
    Join Date
    Sep 2010
    Posts
    288
    I curse Knowledge to action for what they have unleashed into the world. 20 year old EA trading hedge fund masters.

    btw...ICT, do you have to be CTA to manage funds, as you are doing currently?
    Last edited by mozdef; 04-10-2012 at 10:23 PM.

  4. #114
    InnerCircleTrader Guest
    No, you do not if you enter into it as a Limited Partnership. Otherwise, Certified Trade Advisor would be best.


    Quote Originally Posted by mozdef View Post
    I curse Knowledge to action for what they have unleashed into the world. 20 year old EA trading hedge fund masters.

    btw...ICT, do you have to be CTA to manage funds, as you are doing currently?

  5. #115
    Join Date
    Sep 2010
    Posts
    288
    Ahh I see, thanks for clearing that up. Do you ever see yourself getting certified? I know you're perfectly happy trading for yourself mostly but obviously you do have some interest in managing funds as well.

  6. #116
    Join Date
    Apr 2012
    Location
    Netherlands
    Posts
    77
    Hello, traders! I've been trading on forex market during 1 year. There were both victories and defeats. I can admit that right now I earn more than lose. It's very important to find a broker which has no problems with money withdrawal. Because it's unpleasant when you can't take what you earn.

  7. #117
    Good going innercircletrader!

    In my trading all i want is consistency not large returns. Consistency is what investors want. Hers a list of reasons why you want consistency instead of large fluctuating returns.

    1. How you get wealthy trading is not only through trading but through having a great track record that shows consistency over 20% per year. This track record is what becomes appealing to investors.
    2. Trading is only one part of your life. Think about it. Your bottom line in life is to be happy that is it. If you make trading the only thing in your life you simply won't be happy. And you can't trade without being happy. You need to be a happy to trade. Only way your going to do that is by having a balanced lifestyle. Only way you can do that is by not being stressed out of your mind. Only way you can do that is by not being overexposed in the market and having good money management skills so when you are doing other activities such as sleeping, being with your wife, kids, friends and family, you are actually there.
    3. Another reasons to use good money management. No one wants to be the riches man in the grave.
    4. You net worth doesn't equal your self worth. I find being a humanitarian gives me an edge in the market. Yeah i trade. But my trading style is complete an utter boredom. Ive only made 1 trade in the last week and that was for the AUDNZD when it broke its last psychological support level. This allows me time to keep a balanced life and focus on things in my life that are going to increase my overall happiness
    5. It stops you from being stressed
    6. More than 25% return pa is plenty for investors. The most important thing is just showing some return each month.
    7. You can sleep better
    8. The balance in your life is more important than the balance in your trading account

    When you begin to think like this you begin to stop thinking about making money and you start to think about making good trades. The outcome of good trades is money.


    Biggest problem with most traders is that they think about the money too much.

    THINK ABOUT THE TRADE NEVER THE MONEY!!!!!

    PSYCHOLOGY > METHOD > And you try not to think about the money. It clouds your judgement.

    [QUOTE=InnerCircleTrader;340137]Man do I see myself in this guy...

    Please understand, what I am about to say, I say with respect and in no means is it meant to offend anyone... least of which SharpDressedTrader.

    First let me state, I too used to be young and felt I was smarter than I actually was... and this was a dangerous thing! You see, I was pretty good in the beginning of my Trading. I had Computer Programming under my belt, I actually do have several black belts in several Martial Arts and I did sell Trade Advice, Courses, Newsletters, 900 Numbers and I was Sponsored Commentator by America Online in the 1990's for Trading Commodities and Equity Trading. I have experience with managed funds and I know how the industry operates and how it doesn't operate. I currently manage funds for the largest conglomerate in Maryland. So I am speaking with Real World experience and understanding… so please consider this.

    Quote Originally Posted by TheSharptrader View Post
    I learnt from Greg secker at knowledge to action. I own Home check out some of my robot stats and live trading stats for yourself, I make 120% annual trading forex with my expert advisor, manual trading I make 15-20% monthly. You just need real training from professionals in order to get those results not retail strategies. Lofty goals? Maybe to some but my goals are being achieved, and have done throughout some bad economical times. I know traders making 20-30% they are more experienced then me within my traders group.
    This above quote is just complete rubbish... Really gets to me when people sell crap.

    If you start of with $10,000 and you make 120% per year for 10 year your trading account balance would be $26559922.79.

    My aim is to make around 30% per year.

    Gorge Soros fund is the most successful fund in the world and its annual return is at 21%.

    Warren Buffet Annual Return is 22%.

    And they are both billionares why?

    Because they have consistency not some crazy return. Consistency is what makes you super wealthy.
    Last edited by DanielFxTradingCircle; 04-11-2012 at 10:25 PM.

  8. #118
    Join Date
    Dec 2009
    Location
    reno nv
    Posts
    3,460
    Quote Originally Posted by DanielFxTradingCircle View Post

    If you start of with $10,000 and you make 120% per year for 10 year your trading account balance would be $26559922.79.
    Your mathematics are flawed.

    120% annually compounded properly, $10,000 turns into $1,548,598,902.38 in ten years.

  9. #119
    Join Date
    Nov 2011
    Location
    Australia
    Posts
    582
    Quote Originally Posted by Master Tang View Post
    Your mathematics are flawed.

    120% annually compounded properly, $10,000 turns into $1,548,598,902.38 in ten years.
    10000 * 2.2^10 = about 26 million

  10. #120
    Join Date
    Dec 2009
    Location
    reno nv
    Posts
    3,460
    Quote Originally Posted by rod178 View Post
    10000 * 2.2^10 = about 26 million
    If you use static values, you're correct.

    Compounding doesn't work that way.

    I was wrong too. It's just under a billion. I added an extra year accidentally, and didn't check.

    Don't believe me?

    Make it easy on yourself. Use this.

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