Does anyone really make money off of the Forex? - Page 8
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  1. #71
    Join Date
    Apr 2011
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    347
    I think I should say, if you can dream it become it! I have read about others who do make it in the stock market. I am not sure about Forex, but there are people making a lot of money in the Markets. I guess you won't know unless you try it. Personally I don't see why you can't!

  2. #72
    Quote Originally Posted by TheSharptrader

    Yep took me 3 months to develop it. Hard stuff if you want to maintain gains over long terms.
    Trade that for years and tell me you're still at 20% a month and I will give you every dime I have.

  3. #73
    Join Date
    Oct 2010
    Location
    Jacksonville, FL USA
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    3,093
    Quote Originally Posted by mastergunner99 View Post
    Trade that for years and tell me you're still at 20% a month and I will give you every dime I have.
    I have hit 20% a month quite often. Heck I have come close to hitting that in one trade risking 2%. However I highly doubt I average 20% monthly. More like 10% at best. It also took a lot longer than 3 months to develop my way of trading. Hell its still in development as I type this and will be for the rest of my career in trading. I also doubt this year will come close to averaging 20% as I made some tweaks from last year to up the R:R and win% but the side effect is way less trades. A sacrifice I am will to make lol

  4. #74
    Join Date
    Oct 2011
    Location
    Beverly Hills, Tokyo, Одесса
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    185
    Quote Originally Posted by TheSharptrader View Post
    Yep took me 3 months to develop it. Hard stuff if you want to maintain gains over long terms.
    wow that is good. 3 months? Took me years (many many years) before i made enough to buy my first ferrari trading (cash). up to 3 now))) Ferrari(s) that is.
    Last edited by mizugami7523; 04-06-2012 at 11:22 PM.

  5. #75
    Join Date
    Nov 2011
    Location
    Australia
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    582
    Quote Originally Posted by mizugami7523 View Post
    wow that is good. 3 months? Took me years (many many years) before i made enough to buy my first ferrari trading (cash). up to 3 now))) Ferrari(s) that is.
    Any return should be regarded as 'random' unless it can be 'confirmed' by at least 500 trades. I'm being simplistic, although you get the drift. A good book to read is "Evidenced Based Technical Analysis by David Aronson".

    I have a 'robot' (JForex Strategy) that, in backtests, turns $500 into $65000 over a six month period. Wow indeed and not BS. One 'small' problem is that it loses the lot by the end of month eight.

    Trading has more to do with the control of risk, ie surviving, than ANYTHING else. Some of Van Tharp's books explain these concepts in great detail. I especially like his "marble game". In it most participants still lose, despite being given a trading edge, ie 60% chance of winning an even odds bet. The reason, poor money management. Ask yourself, will my 'system' survive 10 sequential loses?'.


    PS
    Ferrari, is that what you call her?! LOL.

  6. #76
    Join Date
    Feb 2012
    Posts
    27
    Quote Originally Posted by mastergunner99

    Trade that for years and tell me you're still at 20% a month and I will give you every dime I have.
    I have traded it over a year.. I risk 1%. It works. Plus I manual trade and have my ea trading a different strategy for me at same time.

  7. #77
    Join Date
    Feb 2012
    Posts
    27
    Quote Originally Posted by rod178

    Any return should be regarded as 'random' unless it can be 'confirmed' by at least 500 trades. I'm being simplistic, although you get the drift. A good book to read is "Evidenced Based Technical Analysis by David Aronson".

    I have a 'robot' (JForex Strategy) that, in backtests, turns $500 into $65000 over a six month period. Wow indeed and not BS. One 'small' problem is that it loses the lot by the end of month eight.

    Trading has more to do with the control of risk, ie surviving, than ANYTHING else. Some of Van Tharp's books explain these concepts in great detail. I especially like his "marble game". In it most participants still lose, despite being given a trading edge, ie 60% chance of winning an even odds bet. The reason, poor money management. Ask yourself, will my 'system' survive 10 sequential loses?'.

    PS
    Ferrari, is that what you call her?! LOL.
    I totally agree my ea worked through 24 months. It's not a huge gainer but makes 120% annually. More pips in the pocket.

  8. #78
    Join Date
    Apr 2011
    Posts
    347
    Quote Originally Posted by mizugami7523 View Post
    wow that is good. 3 months? Took me years (many many years) before i made enough to buy my first ferrari trading (cash). up to 3 now))) Ferrari(s) that is.
    3 Ferrari's, Hey that's pretty good after years of trading. 20% per month, that's dam good, heck 10% per month is good. I'm only getting 10% Per year in my 401K, AND IT'S MY MONEY. I get 6 percent from the company. 65,000 dollars in 6 months, not bad. Sounds like a worthwhile endeavor.

  9. #79
    Quote Originally Posted by TheSharptrader

    I totally agree my ea worked through 24 months. It's not a huge gainer but makes 120% annually. More pips in the pocket.
    Again... Annually. How many years do you decide that something is annually? You are essentially saying you more than double your money every year. Year after year.

    I find your claims very difficult to believe. From my standpoint you appear to be an energetic person with lofty goals and minimal experience claiming to have results that haven't been seen since the 95-99' bull run with tech stocks. And we see how that all turned out. Nobody today is touting annual returns of 120%, so how are you?

  10. #80
    Join Date
    Feb 2012
    Posts
    27
    Quote Originally Posted by mastergunner99

    Again... Annually. How many years do you decide that something is annually? You are essentially saying you more than double your money every year. Year after year.

    I find your claims very difficult to believe. From my standpoint you appear to be an energetic person with lofty goals and minimal experience claiming to have results that haven't been seen since the 95-99' bull run with tech stocks. And we see how that all turned out. Nobody today is touting annual returns of 120%, so how are you?
    I learnt from Greg secker at knowledge to action. I own www.thesharptrader.com 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.
    Last edited by TheSharptrader; 04-07-2012 at 04:57 AM.

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