You either remove that link, or i will be suing you. If you did your homework you would see that i am based in the UK, and there are other people in the world called Robert Taylor.
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Remove the link or face the consequences of your actions. I have notified BabyPips, and i will be proceeding with legal action.
Dear author, you should better stay away from forex. If you made mistakes earlier, you will make it again. And you decision to go back to forex means you never learn from your mistakes.
Better think of enlargement of you business, go online, and i think that it wont be problem to earn 5000 per month for you.
Iām not mocking anyone. I simply asked a number of questions that Rob chose not to answer.
You claim to be making 4% a day, and I have absolutely no cause to doubt you, but it doesnāt meet the challenge by a long shot. You completely avoid specifying the level of risk that you are taking to achieve those 4% returns, you donāt specify if your track record is a matter of public record, are you a CTA ?
Theres no reason why you should share your results, but making unsubstantiated claims on a forum, where outrageous claims of this nature are common place doesnāt constitute proof.
I did not specifically answer your questions because you are talking about the majority of traders, as i said in my post. I am talking about the 5% that do make money, and lots of it. I am not interested in what the 95% are doing. So i agree with everything you say.
And Raven is not making outrageous claims. I know how much money he is making from trading, and 4% per day is par for the course. Excuse the pun.
People that trade with me have a target of 100 pips profit per week, every week. Raven is currently making over 100 per day.
You asked Rob āgive me one example, just one, of anyone capable of achieving a consistent 10% per month, on any sized account. Good luck trying to find oneā. I make 4% per day. If you tot it up, 4% per day is a lot more than 10% per month, at least it was when I was at school. I think the challenge has been met.
I have not avoided anything, nor do I intend to substantiate my claim. I merely wanted to support my mentor, a man who has given me the education that I needed in order to follow my dream.
Every one of us has to decide what is right for us, I chose to be taught by Rob, more by luck than by judgement, but it turned out to be a good decision. You can do the same as I did or you can sit on the side lines and continue as you are.
Lol, account created july 25 2013. How convenient for someone to post a testimonial.
āOh noes! I sense that my teacher is being mocked in babypips forum, better make an account and defend him.ā
Sorry to someone here. I just find this funny. But in this age, itās easy to create several accounts and have a āconversationā in a forum.
My advice to anyone:
If you are making serious money on forex, would you share your system / techniques to anyone?
Most āexpertsā make serious money āteachingā systems, not on the trading itself.
Many fail forex because the think itās the holy grail and will make them instant money. The most important thing to consider in trading is mindset and discipline. A successful demo account means nothing if you canāt handle fear/greed properly.
PS: this may be my first post but Iāve been lurking here since 2012.
Iām sorry but itās so convenient for someone to have another automatically on the defense.
As I said anyone can be an āexpertā. Itās easy to make outrageous claims and charge big for it. Especially in the internet, where you can be virtually anonymous or you can take another identity entirely.
Anyone can make multiple accounts and provide testimonials. It happens anywhere, eBay, Amazon, Internet marketing.
āHey I made $30 from my $70 account yesterday shorting xau/usd.ā I made 43% profit in one day! (this is true, well, itās a small account I just got lucky, xau/usd is a b*tch if you lose) Maybe I should make a course?
Lol, I just want to have fun today.
Back to the topic. To the thread owner, I think itās better to diversify your $45k, divide that into other investments and not only on forex trading. As many people here said, itās hard to make a consistent monthly profit here. And yes itās possible to earn $5000 a month, itās even possible to double the capital in one month, but the other way around is also highly possible, you can lose $5000 in a month or lose it entirely.
Only invest in what you can afford to lose. Only go live if you have significant experience and a profitable demo account (though demo and live is different emotionally).
I agree with you 100%, but in this case its 100% genuine.
This is the problem with the majority of Forex training courses, they are run by people that do not know how to trade. Why do you think so many retail traders lose money? Because they are all chasing after the same thing. A fool proof system, or a cheap training course that promises much but delivers nothing.
If you want to learn how to trade and make big money, you have to be trained by someone that can do it. And that is not going to be cheap. If you want my time you are going to have to pay for it, its as simple as that. Raven put his money on the line and now he is reaping the rewards. I am 100% confident in what i do, and i can charge what i want for my time, and people will either pay what i ask, or they wont, its as simple as that.
It makes no difference to me how many people decide to pay me to teach them how to trade, as i donāt need the money, but i do value my time. I got into this business to have lots of money and lots of free time. If that free time is going to be spent teaching other people how to trade then i need to cover my expenses, as any business does.
I donāt doubt raven is making 4% per day, but heās avoiding specifying the risk heās taking in order to do so. Its impossible to put those returns into any kind of context.
Similarly throwing numbers around such as 100 pips a day are fairly meaningless.
The fact remains that if you look at retail traders, their brokerage accounts indicate that thereās no one making the kind of returns that you claim, long term. If you look at audit sites, myfxbook etc, they substantiate those figures. Retail traders perform worse than random chance, and the 5% of which you speak donāt exist. Of course you could show me an example of someone with a few months track record martingaling on one of those platforms, but thereās a complete absence of long term success. In fact, thereās a track record of people promoted by these platforms blowing up in spectacular style
If you look at professionals (most of whom must have been reasonably successful amateurs at some point in there journey), again thereās no evidence of people making anything like 4% a day, consistently
Take the best performers in the world, magnify their leverage to achieve 4% a day, and see what happens to their equity curves at some point over a 20 year span. You can divide that 4% by TEN and do the same analysis, and youāll see most wont survive over the long term
The only people on the planet who claim to make 4% a day tend to be trading system vendors and mentors, and their customers. The interesting point is that when you dig a bit deeper, its amazing how many of these people seam to have no money, despite claiming to make returns that are at least 100 times greater than achieved by the likes of George Soros or Paul Tudor Jones.
Not only do they have these great returns, they charge for mentoring too and yet so many seam to live in relative poverty
You are still talking about retail traders. We are not retail traders.
I agree with everything you say, but you need to open your eyes a little wider and embrace the possibility that there are many professional traders making huge sums of money from trading. Whether they admit to it or not.
You may think its funny when someone is defaming you in a public Forum, but i do not. And i will will take action against Pizza boy if he does not remove that post.
Why doesnāt anyone have access to their results ?
These people certainly arnt trading with any of brokers that Iāve ever worked with, that I can guarantee. Furthermore none of the brokers that have ever approached me with offers to manage funds are aware of these people either.
All you have to do is name me one individual who has a publically audited track record, whose returns can be independently verified.
Thereās no doubt huge sums of money can be made, but the people making those huge sums are often making single digit returns.
All you have to do is name one individual to prove your point
You may think its funny when someone is defaming you in a public Forum, but i do not. And i will will take action against Pizza boy if he does not remove that post.[/QUOTE]
You are saying these people do not exist, because they are not posting their results on the internet for everyone to see? You have never heard of me, or any other traders that i know, so are you saying we donāt exist?
What you do not seem to understand is for every loser in Forex there is a winner. Where do you think the money goes when you have a losing trade? If you lose 100k someone else makes 100k. So if 95% of traders are losing fortunes then 5% are making fortunes at their expense.
Anyway i am not going to keep going over this as its getting silly now, and i am wasting my precious time here. Good luck with your trading.
You are saying these people do not exist, because they are not posting their results on the internet for everyone to see? You have never heard of me, or any other traders that i know, so are you saying we donāt exist?
What you do not seem to understand is for every loser in Forex there is a winner. Where do you think the money goes when you have a losing trade? If you lose 100k someone else makes 100k. So if 95% of traders are losing fortunes then 5% are making fortunes at their expense.
Anyway i am not going to keep going over this as its getting silly now, and i am wasting my precious time here. Good luck with your trading. :)[/QUOTE]
Is it not a bit risky to spend $5k on something that is not wanting to show proof that it worksā¦?
You have no professional reputation as a mentor/trader and are unknown. You also have no proof of returns - not exactly a great advertsing campaign thus far.
