Me posting something like that, what is next? Pigs flying? No, it is not possible so forget it. My point here is since i am being ignored by some guy and hence cannot post in his thread. Well, guys what real traders do is to preserve capital first, risk at second, that is how you make money here, risking little by little, risking little gaining big but the vast majority do the opposite: risking all expecting to gain nothing.
Well, this guy says he keeps a 200% margin as a reserve, well, it is kinda hard to explain the meaning of those numbers but to put it in simple terms, real traders mantain something between 5000% and 20000% depending on leverage, 200% is very close to margin call and if you are in that situation you deserve to die, there is no return from there. In other words, don’t be an fool falling in these get rich quick scheemes, these are not real traders, they claim to have success but they have not system at all, one or two loses and they are out, they claim it will never happen, well, let me tell you one thing, once i claimed it could never happen.
The problem is your claim is just as bogus as theirs. Until you can prove everyone cannot succeed in doing so (which unless you exist after forex trading halts). My advice to you (I am new to forex LOL) is not to worry about other peoples risk exposure or their money. Unless they are trying to scam someone out of money into believing they can beat probability then do your thing.
dan82au, for somebody new to forex, you are pretty confident. I NEVER heard a newbie say: “My advice to you is not to worry about other peoples risk exposure or their money”. Dude, that is the essence of this site, to worry about other peoples risk exposure and I think that what Mr Gone is saying makes sense.
Inherently it is a good advice to keep high reserves, how on earth can you state that that claim is bogus??? What do you think that Central banks do for a living??? That I may perhaps not agree with the high numbers, is irrelevant here. Djee
Banning somebody from posting on your thread is like saying ‘You’re right, but I don’t wanna hear about it’ … the chicken’s way (unless that somebody is a troll, bent on thread destruction only).
MrGone and IdeFX are both right, of course.
Fora need different opinions and discussion … otherwise what would they be good for?
Cheers,
P.
There are no secrets to success. It is the result of preparation, hard work, and learning from failure. (Colin Powell)
I’ve just had a look at the thread MrGone referred to.
As soon as this guy’s luck (which has been astonishing so far) runs out, he’ll need to make up another username, hehe.
One can only hope that not too many new traders read the original thread and go ‘Wow, cool … if it works with a hundred bucks for him, why don’t I try it with 10k and get rich?’.
Cheers,
P.
There are no secrets to success. It is the result of preparation, hard work, and learning from failure. (Colin Powell)
My luck was astonishing for almost two years, big bugs, real dough; but a flooding in Australia followed by an earthquake in New Zealand wiped me out of the game.
That will not happen, if it were the case we would be millionaires by now. Making some analogy, what you are asking is someone who tells you that marihuana is good to your health when in fact is a toxic and very adictive substance.
Of course. As I said, I need to read those threads just for some “lols”.
There are people who to this day, still claim that this is possible. I used to jump in conversation and start fighting, but not anymore. I just sit back and laugh.
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.
the maximum … that you will get out of that dollar … in one year … is another dollar … :rolleyes: the second year … you will be greedy … which will make you lose a $ … now you are back to the start point … third year … you might get 50 cent … or even stay 1 dollar …after 10 years … there is a chance to have 10 dollars in your account … but the chance is about 50:50 …
*Hint : leverage shouldnt be more than 1:10 ------ only trade nano lots :30:
Even at, let’s say 1:500 leverage, you’ll have only 500 units available. Even if you risk 100% of your account and taking profit from each trade, that million is unachievable.
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.
I would have to check on that. It’s possible that people had us believe that so and so is bad and fastfoods and softdrinks and artificial juices are good for us and their businesses
