i personally dont know why, but i have been following this thread for quite some time and no ones questions are ever answered here!
Hey Guys
I am a forex millionaire, all my money is in some other traders accounts right now, I just have to trade it out of their accounts into mine, WHAT FUN!!! 
(truth : no one will really tell if they are millionaires !!!)
richrichie
On the other hand, helping one who is learning to trade ,gives you that warm fuzzy feeling inside, But telling that you are a millionaire, well Hmmmm…doesnt.
i dont think anyone would post/tell if they were millionaires. and if they were millionaires, i dont think they would be on this forum. they would have better/other things to do.
I agree with you regarding not telling, but there is surely one or two among us.
yes, i am …
oh! sorry … i posted it 5 years in advance
GOOD ONE, THOK - LOL:D
I don’t know why nobody could see that pipgod went as far as possible (without sounding arrogant) to say he has made a few million trading forex. He also mentioned his initial capital ($15k). He tried to put it in a down to earth manner but no one in the forum understood it. Anyways, a few others have also hinted that they have made such amount though not as clearly as pipgod. The problem with claiming to have made millions through forex is that, people will want proof and you will be busy defending your dignity instead of helping other traders. I do hope to get some practical advice from these forex millionaires (if there are any, haha). Most importantly, what timeframes you use, primarily a techie or a fundie. If techie, which indicators you found most useful? how many hours or days you usually hold your trades; also, average TP and SL etc. Would really love to hear them from a successful forex trader.
Thanks in advance
Nyle
Nyle - I like the way you think.
Now, all you guys, quit daydreaming and get back to work!
Watch “Wall Street Warriors” a series by mojo. It’s an awsome look at the life of successful traders, and is definitely inspirational.
There’s a quote from the show…
“The market will humble you in an instant. There’s an old expression that the market has a paddle big enough to give anyone a spanking.”
Successful traders know this so arrogance amongst success isn’t as common as you’d think. The people that are the most arrogant are the people that had a good month or two, or a good year so all of a sudden they think they know everything. But those people are quickly humbled with a swift spanking ;). Stay humble, don’t let a win make you ****y, learn support and resistance learn it learn it learn it…
The whole forums is like this, no?
Heh, you never know if they have better things to do or not, always depends on the person. And I know a few millionaires in life but they don’t exactly advertise it with a banner now do they. Quite the opposite.
I expect to be a millionaire to make change and if it doesn’t I may as well give it away - all of it and live normal like prior to being a so called millionaire, either way I want to be rich enough not to primarily only for myself and family but mostly for others, sounds funny to a lot of people but there is a lot of things that need to change. So far no one does it so the gaps is there to profit in the process of changing many people’s life’s. I know too many people with money that do nothing, they may as well not have it. If it was me I would at least make other’s rich just for the fun of it, that is without changing many people’s life’s. That is just me though and I am not around people to tell them what to do just saying what I would do. There are ways to profit in the process as well. Perhaps they do not realise that.
Then there are some people that carry on as if they had never become rich and live the same life and have same or similar job, etc. Oh, but wait these are very same kind of people. Hummm. Well it is up to them to do what they want with it, lets hope when they die they leave it to some charity and not the government by default if they have no family or whatever.
Oh, yes no longer having to work like a slave is a big plus I agree with you I would still work though if I had the money just only my own businesses that would help change things.
I find it amusing to see some post here say they will be millionaires by this time in 2 years or so, but they keep quiet from then on about it, it could be they are not so rich after all by that time or they do not wish to help anyone else by sharing how it was done, hehe. Eitherway why bother posting that…humm, self satisfaction of being above others maybe. No one can be though. Now that is funny.
I think you’re right too, more money make some people tighter or more stingy. They are less willing to help others, but yes banks will have interest like you say.
The best part is when you die you have none of it LOL SO USE IT!
Good luck everyone, just remember to share it (how you did it) or not to mention it at all, no use really.
My personal believe is that there is a market god or gods who has the habit of punishing those who brag about their profits or lament so much about their losses and many successful traders have this information.
If you say you have defeated the market,then this god will teach you a lesson of your life. Most successful traders that i know trade their intuition and not indicators. They wait for the right setup.Also,they are very humble to the markets and call themselves students.This humility is what successful traders have in common,so you don’t expect them to comment on this forum because they know the consequences of their action.
Someone who is proficient in chart/candlestick,bar chart analysis will have no problem trading profitably because patterns repeat themselves in different markets many times in a day/week/month/year. In fact,trading could be much fun when you know what you are doing…you could be right 90% of the time.
Perhaps, for someone to be successful,you have to have your own unique strategy or view of the market. After much hard work from your part(reading sufficient fxbooks,and studying fx charts),you gotta sit down and device your own strategy that no one else uses.This must require a very tight stop loss in any trade .
Trading is not really hard as most people think,it is all this sophisticated indicators and robots that makes it look difficult.Is it not only two buttons(buy or sell)?If you go long and the market is going against by -35 pips, why not go short and if it still goes against you stay out of the market…what is simpler than that?
It is true they say that 95% of traders fail,but who has done the statistics,? how can they be sure that only 5% succeeds?.because real traders know themselves too well(b/cos market has thought them humility),so they avoid boasting by all means.They cannot come out and say they are millionaires.
If there are 10 million traders,5% is like 500000, you could be among those ones…Don’t let nothing stop you…you are created alone and you think alone and will definitely die alone…
DON’T LISTEN TO WHAT PEOPLE SAY,YOU CAN MAKE IT.
All that said on a three year old thread?
That’s some diggin’…
The reason why I want to be a seven figure trader is this - more freedom. I want to be able to call the shots on my future without having to worry about being chained to a boss, or clients, or geographic locations.
Does that make me somebody special? No. It simply gives me more options in life, and that ends up being my responsibility. It also lessens the stress about making my day to day ends meet, so I can focus on bigger and better things.
You can waste a million bucks on models, parties, and cars, or you can do something useful with it.
Compared to some third world country, as is many of us have options those people could only dream of. That is why many of them try to come to America, Canada, Europe, etc. They are like traders who come with $1000 stakes and hope to make it into a million. Like undercapitalized newbie traders, they have barriers to deal with, i.e. scam artists that try to rip off immigrants (think trading education), the naturalization process, a language and education barrier, etc. Those who make it do so by being persistent and working their tail off, same concerns the successful traders.
Those of us who are already living in these countries and are enjoying a comfortable standard of living want to take it to the next level. And if we get to that next level, we are likely to have an appetite that will want to take it even further. Such is human nature, we are insatiable.