Forex Millionaires

are there any of you here? how long ago did you start trading? and what was your initial capital?

kontra

How depressing, or maybe the millionaired don’t use Babypips?
They go for the MegaPIPs, what would the Donald think about us 4x’ers?
Don’t worry, just make good trades, and you’ll be independently wealthy in your own way, all from $2000 and 10 Demo accounts

some guy here claimed his forex account is worth 2.7m now. his name was seneka7 or sumthin like that. he posted in the thread named ‘‘post your pips’’

With all due respect, noone answers because the answer shouldn’t really matter to your own progress. Even if there were multi-million dollar traders here, the best traders would never post it or brag about it. Humility is everything in this business so, if i were you, i wouldn’t hold your breath waiting for the answer. :slight_smile:

If it is inspiration you are looking for read Market Wizards. There you will find the ultimate collection of inspirational traders who turned nothing into something

Spot on pipbull!

Couldn’t agree more.

Right-o. Check your local bookstore… I would suppose the Forex Millionaires are writing books rather than hanging out in forums.

No offense meant but if any of you really believe Humility is a quality of a Trader, you have never met a suceesful trader. Wall street traders are among the most arogant.

Arrogance lasts for a short time. People who know who they really are, on the inside, don’t have to prove anything to anyone else. Your most successful traders/investors will be the biggest helpers.

If a one year millionaire is your goal, $15,000 will get you there very easily.

Now saying something like that is arrogant. My friend, don’t confuse confidence with arrogance.

While i am pretty sure that there exists successful, arrogant traders, their success will tend to be very short-lived. Carrying on with that kind of trait will end up leading a trader to feel as if he’s indestructible, which inevitably will lead to overtrading and overrisking. These are the top two killers of any trader’s account. So, please don’t sit here and tell us all that the best Wall Street dudes are arrogant. They are arrogant only because they think they are the best, but their doom day will most certainly come if they don’t keep the arrogance in check.

If those traders you are referring to are truly successful, then they intuitively understand that the market can swallow them whole at any time. One stupid move and they are done in. Arrogance leads to that stupidity. The best traders know that the market commands respect, for it is the only thing that will keep them in the game in the long-haul.

If a trader will not teach himself humility, worry not — the market will teach you.

I know why the Forex millionaires aren’t responding. They’ve come into their billions and your question doesn’t apply to them anymore!

They’re Forex billionaires now! Yeah, that’s it…

:cool:

does demo acc on millionaire considered? started with 50k capital. using extremly high leveage trading.

Ask your broker who the 4x millionaires are… :wink:

As us all know a few bad trades will send that 2.7m up in smoke it start with one big loss then you try to gain it back oops a nother one and so on…

Stick to your game plan and ride the profits…:cool:

What is millionaire? Status? More money?

The funny thing is some of the people posting every day are already a millionaire.

When you get to millionaire, then what? Will millionaire make you happy? Yes? No?

You will be who you are now, just with a little more money. You might respect people as people. No one will be better that any one else. Rich or poor, no difference. You were once there, now here, and not much difference. The biggest difference is in the way you think.

A bad tire of furnace doesn’t bother you any more. Life has little and big bumps. At millionaire you no longer notice the little ones. And the big ones are now a lot smaller.

If a friend or family member needs a little help, now you can. You will quickly learn not to help to much. That becomes a revolving door.

You will have more money and larger bills. The bills will be different. No credit card bills, no car or house payments, and no kids college loan payments.

You will learn to use credit very differently. Banks will try to loan you money, now that you don’t need it.

People who used to like you will not. You will no longer be one of them.

You will have much more time to spend with the kids and grand kids. That is a dream come true. Life is better at millionaire.

I wonder how life is at billionaire? Hmm…

Yes some of you are or will be millionaire.

Just remember that the money is only that, just money.

:slight_smile:

The only forex millionaire I’ve actually met in person was Rob Grespi from kingforexsignals.com I was at this dinner function hosted by Felix. I think he may have made his money in other investments - banker stuff, didn’t really ask. But when it came to forex the guy really knew what he was talking about - and what a character! :slight_smile: Anyone know if Jimmy Young is in the millions?

Well said pipgod, my boss is a millionarie and he is one of the nicest guys you could meet. He likes to say nice guys can and do win,he also tells me that just because you have money it does not mean you don’t have the same liittle probelms and inconvenience’s as a nonmillionaires do but you see them alittle differently.

To say money wont change you is like saying that a ripple wont cause a wave. ‘Money is just money,’ isn’t a profound statement because like everything else it is what it is. Money by itself may not bring happiness but most people slave to earn this commodity for the power it possess to accomplish other things.I would behave differently if i drove a nicer car, probably drive more carefully too until i knew i could afford a nicer one then use it to drag race lol. Money itself doesn’t change you is my argument but the things it buys do… Imagine a world without it… that is an idea… lol back to barter

Money doesn’t exactly change you, but it does allow you to do things you couldn’t do before. That being said it would certainly appear that people are behaving differently, in actuality they are just doing things that no one expected from them…that’s just because they weren’t able to do it before.

Money just enables people to show their true colors, for better or for worse.

Money just enables people to show their true colors, for better or for worse.

Yes, some are “for the worse”. Spoiled 2yr olds in their late forties.
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