The idea of it is to guarantee profit, to outperform savings accounts, they are low risk that is the whole point of a hedge.
I dont know why people quote hedgefund returns as examples, a typical forex pro will easily outperform this.
Where did this thread go wrong??? Ohhh i know. When it turned into a pi$$ing contest. Sorry if i sound rude but all wanted to know is if its possible to start so small and make it big or if anyone knows of someone who has done it? I appreciate the passion you all have but I’m no closer to finding an answer than I was 3 days ago.
That info and link are for currency traders not hedge funds. Barclays hedge fund index just provides the benchmark. So no they are not bound by the “hedge” rules of hedge funds , but in the last 10-15 years hedge funds don’t really need to hedge much anymore. its more a general term. Also another key to their risk adjusted returns not being low risk is their low sharpe ratio. So yes they are taking on more risk vs their performance when compared against the risk free rate. Sure their are independent traders who can out perform them due to not being bound by liquidity issues or trading regulations. But out performing them by 28x or earning 200% CAGR per year from random people on this board. May infact be a pipe dream, not impossible but highly improbable. Especially on a continuous basis for several years.
Imma pm you something, avilanch that might show you how you can do it…But you gotta give yourself time to experience the market with your own senses too…Do you get me?! You’re at the point of your trading career when you have no point of reference to even recognize a truthful statement after reading it…DO the demo now for 2 months straight, 8 hours every day…Then come and ask questions, m8! Pm incoming…
“but in the last 10-15 years hedge funds don’t really need to hedge much anymore.” could you elaborate on this further?.
If you’re good enough, ur not gonna trade ur money only, ofc…Ur gonna manage other people’s money along with your own…Lol, that’s how things work in this business. I don’t understand what’s the point in telling this guy that he “can’t do it” when you haven’t even seen him trade…hell, he probably hasn’t even gone through Babypips School of Pipsology yet…:50:
@avilanch, u disabled ur pm’s btw
pm is on and yeah been through pipsology twice and going through it a second time. Im not lazy already covered that. heres a link to my trading profile set up today on meetpips.com. its the demo account i use in competitions on traders union and will log all my stats. oops link wont work just look me up avilanch2000
That’s good.
You enabled your email, not pm. Doesn’t matter, I’ll just post the link here … http://forums.babypips.com/other-common-newbie-problems/52935-how-can-i-make-living-out-fx-trading-2.html#post490651
Read the post before u go into the myfxbook to check it. (and check the timeframes of posts with the xau/usd chart and my prediction where gold will go)
And, btw…U gotta abandon lower timeframes and scalping on them…It’s a sure way to ruin…
Cute wife too!
There are here thousand page threads of Guru’s that couldn’t make a profit in FX if their life depended on it…I know it because I’ve seen them try and fail again and again…They all seem smart and well versed in economics, but that is probably due to the fact that they constantly read theory instead of doing the actual deed of trading…So, beware of the “Guru’s” and knowitalls alike…Btw, I’ve heard a veteran broker talk about soldiers as good traders in general because they follow the routine and are disciplined in their methods in life and trading…I can PM you this guy’s youtube too if u want…
Keep calm and well, Icannot think into something cool. And your trading pain did not started yet, forget that crap trading industry tells us all the time, forget the formulas, forget methods forget everything and maybe you might have a chance.
[QUOTE=“avilanch2001;493286”]Where did this thread go wrong??? Ohhh i know. When it turned into a pi$$ing contest. Sorry if i sound rude but all wanted to know is if its possible to start so small and make it big or if anyone knows of someone who has done it? I appreciate the passion you all have but I’m no closer to finding an answer than I was 3 days ago.[/QUOTE]
You are closer… Some experienced traders have told you what you are trying to do is impossible… Listen to them.
[QUOTE=“jonnyteg;493255”]
You sure ILPM? …
10% monthly returns on $100 is $313.84[/QUOTE]
No it’s $213 in PROFIT … The account size becomes $313 but that isn’t the returned as it includes the $100 starting balance.
Some try to get a good ROI at a carnival fair…
Called it quits early today, a tad short of my 5%… Internets sloooooo and laggy most of the morning, might be an incoming CME or something…
15 pips SL on these too?
Fair enough…Simple response… NO! Thanks for the input but not giving up. wanna make a bet? I have already made the impossible happen at least twice in my life. one more impossible act shouldn’t be too hard… Now heres the next question I am dying to ask… What if just what if I make it happen?
[QUOTE=“avilanch2001;493612”]
Fair enough…Simple response… NO! Thanks for the input but not giving up. wanna make a bet? I have already made the impossible happen at least twice in my life. one more impossible act shouldn’t be too hard… Now heres the next question I am dying to ask… What if just what if I make it happen?[/QUOTE]
Yeh I will bet you $100 you can’t take your $50 deposit and turn it into $1000.
Link your account to myfxbook and if you take your $50 to $1000 without any additional deposits I will PayPal you $100. If you blow your account before hitting $1000 then you PayPal me $100.
Nope, did have a trade go -18 on me, but was pretty confident… Dang Brah, cant mess up my streak!!
But the others were quick collectors… Today was actually a good day for me, as far as cutting my trade initiation to profit time… Which is the key for my system… Also, I had figured something else out today, that will help my decision process, (technical)…
My drawdown is awesome, all but that 1 trade, and Monday I had 8.8%… My fault, by having a limit order lurkin on Oanda Java… Once i feel the price is moving my way, i adjust my order by drag and drop… Well, I made out my ticket, and moved it down a good distance, and Oanda did its famous hunt and nicked my limit order and sling-shotted…
But, in the end, its my fault, lol…
And to be honest, 5% a day is nice i guess, but I still think Im underachieving my skill-set… There is no reason i cant make 20%+ a day… Im just convincing myself 5% is OK, and working on consistency…
I have 4 different plans for different times of the day… I studied each one, practiced each one… Once I connect all these plans to one total plan, its going to be awesome…
But what it allows me to do, is adapt to the price movement, thru the day…
Stop hunters man, they are out there, and they know where your sitting, dont add to the scam… 
In my mind, 5% isnt crap.
HAHAHA!!! Now thats the kind of attitude I was hoping to get back. However Right now I don’t have $50 to put into an account next being low on money a money bet isn’t quite right. I would feel bad taking your money but I see you’re point. Doesn’t change my intentions though. How about if I pull it off I get some of that training and respect thats out there. Babypips s great but we got konan up there talking about hedging investments. I don’t have a clue how thats done. Right and wrong you have to know right before you can understand wrong. theres a lot out there I know but price action and indicators are only the tip. If i take $50 to $1k I get your respect and the right to pick your brain. If I blow the account Ill give up once and for all and never be seen again on here. Takers?
[QUOTE=“avilanch2001;493620”]HAHAHA!!! Now thats the kind of attitude I was hoping to get back. However Right now I don’t have $50 to put into an account next being low on money a money bet isn’t quite right. I would feel bad taking your money but I see you’re point. Doesn’t change my intentions though. How about if I pull it off I get some of that training and respect thats out there. Babypips s great but we got konan up there talking about hedging investments. I don’t have a clue how thats done. Right and wrong you have to know right before you can understand wrong. theres a lot out there I know but price action and indicators are only the tip. If i take $50 to $1k I get your respect and the right to pick your brain. If I blow the account Ill give up once and for all and never be seen again on here. Takers?[/QUOTE]
If you take $50 to $1000 you won’t need to pick any of our brains because you will be one of the better traders on this site… If you fail then that’s when you’d need to pick our brains.
I’m not telling you to give up, nor do I want to see anyone give up… Just temper the expectations.
Yeah well heres the deal. Money doesn’t grow on trees. People with little or nothing have to take that nothing and turn it into something. I literally have nearly nothing. Wife and I are trying to figure out how we’re gonna make it though next week till pay day not to mention pay is exactly $10 more than the bills we have to pay. In todays world food doesn’t grow on trees so that creates another problem to solve. So realistically we’re not gonna be having a very happy next little while. No I’m not poor just had a run in with a huge pay mix up in the army and now stuck dealing with a check fit for a spoiled teenager. Realistically my expectations aren’t overly enthusiastic more like right on the money. I’m not looking for forex to save us from this little crisis. Infact I dont want to pull money out of my account once till I’m a civilian again. I’m simply trying to take what i got and turn it into something respectable. I’m tired of being told what to do how to live and so on. I’ve done my time in hell seen my share of action. its time to get out and start to live a life I enjoy. I don’t want to be another version of a slave all over again. I want to be free to pursue my own interests my own dreams and goals. Unfortunately thats not even less realistic than my goals in forex especially without money. So the more simple answer is get money make more money so on. Thus leading me here… My odds of success are much greater with what I’m trying than simply trying to wish a great life into existence. I think I deserve a good happy life and I plan to earn it.