What is making you think that i’m trying to stress [B]YOU [/B]out ?
I’m not trying to stress anybody.
I’m sharing a documented opinion.
Now you come on my thread, so I answer you, fair enough ?
I’m not gonna take any chill pill.
1rst because I am not angry.
2nd because I dont like to take pills or chemicals to force my body to do XYZ. I like to have a healthy lifestyle and pills are not a part of it.
Also, Why would I be trying to " prove my point " that trading is not working " for me " ?
I am proving the point that is presentend into the title of this thread, and that is documented in my first thread. Nothing more. I’m not talking about me here. I’m talking about the retail forex trading industry.
Master Contributor and member use their time to “hijack a thread” lol. Interesting. Actually those threads are not " plenty " at all. They are actually not welcomed at all in any trading forums.
The common name dory (from the Middle English dorre, from the Middle French doree, lit. “gilded one”) is shared (officially and colloquially) by members of several different families of large-eyed, silvery, deep-bodied, laterally compressed, and roughly discoid marine fish. As well as resembling each other, dories are also similar in habit: most are deep-sea and demersal. Additionally, many species support commercial fisheries and are considered excellent food fish. Most dory families belong to the order Zeiformes, suborder Zeioidei:
I don’t get it. So you’re claiming 35% returns per year are possible, but not worth pursuing?
What exactly do you do with your savings then? Are you too poor to invest? Everybody knows that if you invest a measly $5k into diversified index funds each year (10% nominal return), you will likely have $2.5M by the end of a 40 year career.
So given the choice, why would one not choose 35% returns (assuming such a thing were possible) on their measly $5k annual investment, rather than 10% returns?
trading will bring you serious interest, but will never multiply your capital to the sky. At least, not with forex trading by using Fundamental / technical analysis.
You think taht people are getting involved to forex to get 35 % per year ?
The other difference is : To make the said 35 % you’ll need to work your ass ( maybe for years ) to become good at trading. AND there is some risk to lose everything.
But just puting ur money to the bank you got safe intereset and you have nothing to do.
People with a job cant just stay in front of their screen 8h per day (if not 10h ) to get 35% of 5k per year.
I reat, I NEVER SAID THAT 35 % A YEAR WERE NOT WORTH PURSUING. Where did you read that ?
I said taht:
u wont become rich
u cant live from ur 5k account.
99% of " profitable traders " on forums are liers and have no proofs.
It is definitely yes and no. I can argue that if a trader deposits $10,000, uses the full leverage (let’s say 300:1) on every trade, all that is required is 5 consecutive profitable trades, 60 pips profit per trade to reach $1,000,000. It can be done in pairs such as EURJPY, GBPJPY or GBPAUD. The trader does not need to maintain his success rate for a substantial period of time, only 5 trades. Whether it can be pulled off that is a debatable and is not classified as trading but gambling.
Here I am once again, going to lay it out for you.
If your confidence level of ANY TRADE, is less then 100%, THEN DONT TRADE IT. You dont trade by confidence %, WHICH EVERYONE DOES, Hence the ability to adjust lot sizes.
Your either in it to win it, or not.
You study, you practice, you find your zone, and you attack it, with everything you got.
Risk gets less as your account grows? WHAT?
All risk SHOULD be the same, and that risk is losing the trade, and shouldnt reflect absolutely NOTHING with the account size.
[B]
Hi Insidertrader I mostly agree your claims about forex …[/B]
Countless times have I mentioned that there is no statement of a successful trader in any tradings forum.
To discuss seriously about forex in a forum that babypips have little purpose where only wonnabe traders exist.
But there are actually a few successful traders it is worth studying, some of them have I mentioned earlier in one of my thread.
Example kozox Flemming
DANISH TRADER FROM $ 5500 TO $ 5.1 MILLION return of morethan 95,000%
So use the time on those who can trade, not wonnabe
So I’m curious. What if someone presents an fxbook that meets all of the above criteria? Then is everything you knew to be false indeed true? Do you publicly announce that you’re a complete failure in the fx game and that profitable traders do exist? Do you demand that the strategy be revealed? Do you believe him/her to be an uncover broker who has results that no one else could replicate?
Genius ,my point ,I have already proved that exist profitable traders ,and new traders should use their energy to understand them who are profitable ,[B]not all monkeys who pretending they are profitable and have no idea about trading[/B]
I understand that you are expressing your own opinion and I do agree with some of your post. Most of the time, our opinion or when you call it " facts" is base on our own experiences and what we’ve been through whether it was a success or a failure ( mistakes). It is a tough business and it has been discuss here in this forum numerous times and it also been asked and requested about " proof" of a profitable trade/traders…
By reading your posts and the title of this thread, is it possible that you are expecting or thinking about being rich in 2 years or so? And somehow failed to reach that goal? What is your experience so far in trading or do you even actively trade? Please keep in mind that your definition of " rich" or accumulating wealth and the timeline as to when will achieved them is different than mine, to yours, or to someone else. Do not assume that everyone have the same goals and expectations like yours…
Redefine what it is you want to accomplished when you start trading… Do you focus on the process, get better each day as a trader or is it your main focus is how much $$$ and or %? If you focus more on the later then it is not going to work long term. Focus on the process not the results and re evaluate your performance to see if trading is for you or not…
Well I know the answer to this one. They still call it a scam and say it is impossible to get a return like that in a year even if the profile is verified and what not on myfxbook. To these kinds of people, there are only two types of forex traders - losing traders and scammers and they are unwilling to believe anything but that.
Can we say then that no one can’t become rich trading Futures, Equities and Options…