Does anyone really make money off of the Forex?

Man, you’re hitting all my itchy spots! LoL

Once you decide to start to day trading, don’t expect to learn everything about it in an instant. You will surely need to learn for some time, and you need to exert a lot of effort. Practice makes perfect, and forex trading requires a lot of it.

Before using real money, you can practice through simulated forex trading software and do a paper trade. Here you can incorporate all your trading techniques and see if they actually work.

Don’t be a scared to lose a certain amount of money, because any trade involves risk. This doesn’t mean that you should not limit your losses, you can make use of stop orders. And most importantly, you should learn from your past losses. Forex trading is serious business but it is fun and profitable.

A good trader by day should be disciplined. Make discipline a habit in order to make sound decisions, and act in accord with trading systems/strategies. This way, you can do your trade in a consistent and reliable manner. Certain situations require an individual to make decisions based on their pre-set criteria and parameters.

You should make it a point to habitually follow your forex trading system plan; this way you can effectively evaluate the results of your plan. If your expectations are not met, perhaps its time that you make certain adjustments and fine tuning, so that your plan will still be of good use in the future. More tips and advice:Once you decide to start to day trading, don’t expect to learn everything about it in an instant. You will surely need to learn for some time, and you need to exert a lot of effort. Practice makes perfect, and forex trading requires a lot of it.

I suspect that you’ve scared him off.

The prom pic was probably the culprit.

I play forex alrd 3 years but still cannot find the proper way to stable profit.

it keeps changing it is like learning new computer programs the algorithms they use keep changing…the only way is to stay at it constantly to keep up

This post should be framed in gold.

That’s because you “play” forex. If you treat Forex like a slot machine, don’t expect anything better than slot machine like performance. You have to change your attitude about it. It is a business not a game. Business can be enjoyable, but it is certainly not a game.

Nice reply, I’ll take into account what you say, yep your correct that is a picture of me. It is not a prom pic, not afraid to hide myself, as for the fans I do not some how fake them, I wouldn’t know where to start nor be interested. I created the site for educational purposes, and put a little cost on it. Hardly looking at making a revenue stream from it. AS for hedge fund I do personally trade for a hedge fund that use my EA. If you believe that or not that is your decision, I cannot name them due to NDA on who uses my expert advisor.

I was literally saying that I make 15-20% monthly now when I said that I did not expect to be mocked for stating my situation. YES I am new to this site, and did not realise if I make a statement people want proof, passport and pictures to prove it. I’ll take that into account. Yet I do not want to share personally documents with people on a forum. For your information I trade consolidation, chart patterns, snipers, pivot breaks, all with other factors taking into account especially different phases and risk management. I was going to share setups with baby pips and help those out that helped me when I first started.

I will also take into account that some people seem to slate K2A because of its pricing. But I disagree, yes it’s expensive but you learn correct ways of risk management and good basic setups that create around 10% monthly. On top of that I enjoyed there stock course where I comfortably made 10% monthly best month was 16%,until I stopped stocks and switched my focus on fx as it makes more with my style of trading and prefer intraday rather then end of day. So yes it’s pricey but it is a good place to get correct information rather then starting off on wrong foot gambling or spending months researching, you see it first hand tAking place.

You had your chance kid to come clean.

The odds of a hedge find using an outside EA is nil. I repeat nil.

The odds of a hedge find using Metatrader to trade currency is nil. I repeat nil.

It’s industry logic vs your word. Industry wins.

Best of luck. I will be sure to educate others here if I suspect one starts buying into your bs.

I like your banter, my EA is used by a hedge fund via hotspot fx, the signal is generated via mt4. Trade placed on hotspot. Not that it’s your business.

You are ten days late with those revelations

It is my business. You are on here making claims in an attempt to sell a product.

Your google searches to generate more answers do not add anymore credibility to the simple logic that any regulated hedge fund would utilize a no name kid that has a dozen trades and $2000 to his name as a source for their own trades.

The relationship would have to be disclosed. In doing so, they would get bypassed and go directly to you. Which they won’t, because you won’t even put more money in, so why should they?

Nothing you have said remotely makes any sense. I’m sure you will come up with some google searched excuse but it won’t be good enough.

So let’s save you some time on that. I will give you the next excuse and we can pretend I didn’t. M’kay?

You can say that you signed a noncompete agreement with these hedge funds. How’s that? Pretty good eh? You will surely have my cornered with that one and there’s no way I could possibly retort.

agree it cannot be played no matter how long it must be taken seriously and even then there is no guarantee of profit because people can be serious when they give into the temptations and lose money too

you’re selling a bot program that makes 15 to 20 percent a month? is there a free trial before purchase to guarantee results?

What? You mean his 12,000 Facebook likes and him working with not one, but two hedge funds wasn’t enough to convince you.

He has 11 trades and still has made money. Why haven’t you given him your money yet?

What a few bucks when you are going to be a billionaire in two years flat.

Man do I see myself in this guy… :5:

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 :57:

And I think with ICT’s previous post, that guy is going to be long gone and done.

He just got OWNED!

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?

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