Can you provide any proof that you are profitable or are you another profitable forum trader ? And what are you doing here if you are willing to use your time to answer such a post but not to teach us your method ? No offense sir.
You make very valid points. The ones who are refuting your points with nonsense are probably the gurus that you speak of. I also found it very hard to find good information in forex. Bottom line is if someone out there is really profitable and has a "holy grail," they probably wouldn't share it or make it known that he's making money. In this business, you almost have to learn on your own and make judgments for yourself whether you can be profitable or not, or whether what someone says makes sense or not. It's no sheep's game. You can't follow your way to success... or it's extremely difficult to without the right friends. I want to point out a mistake that you overlooked though. Change some of your filters to 'ANY' and you will find a few more results. This search yields 52 results with at least 1% profitable and with at least a 2 year track record and max 30%dd. Keep in mind these are also public ones. The private ones will not appear when searched for I believe. I'm not sure if he's still around but, goldenmember from this forum showed his myfxbook with what you were looking for. He had about 2 years in and tripled his money with as stable of an equity curve as possible.
Myfxbook Search: Trading Systems | Myfxbook
Found his myfxbook: Euphrates System by TigrisEquity | Myfxbook
Most impressive myfxbook I found: REV Trader PRO REAL System by revtraderpro | Myfxbook
Now THAT is a constructive post. Thanks for posting this. This is true that I filtered only the manual system. A lot of automated systems seems to be doing good. Valid point. Nevertheless most of my point is still valid: Those people are making in average 100% a year (even less in fact, due to compound interest). Anyway, I never said that It was impossible to be profitable, Even myself I posted 5 profitable system with my filters. What My title is saying is that its impossible to become rich. Look at the capital of those guys. If you sart with 5k$ , would you work your ass a year only to make... another 5k $ ? and this is still the best of the best who are doing 100 % a year.
Thanks for your constructive post.
My dreams broken, by some unknown forum poster...LMAO Yes, if you wan't to do ultra low risk trading try with a 100 bn $ account..loool man, everyone knows that the bigger the account the lesser the risk, but thanks for pointing that out for us.
And then again you are comparing the institutional traders with us retail..wrong on so many levels..head over to a FF, there's a thread there by institutional traders, read it..
Oh, and yes you can make a living, even of 1 000$ if you know what you are doing, and judging by your tone, you do not know how to trade - deal with it...either learn it or go become a doctor
And neither will I nor anybody here or on this whole internet provide any proofs to you about someones trading..you can ask for a proof the minute someone asks you the money to teach you (but I guess you never did that aside from a$$ licking part when you had the chance)
Forex is like Futures, Equities, Commodities or any other market out there..technical, fundamental and sentient analysis do work, only you need to learn (yes to learn) how to use it..
And if you don't like it here, no problem, but don't tell everyone else what they should do..
EDIT: Oh and I just re-read the title of your thread "can't become rich" - there's your first mistake, so you entered Forex as a get rich quick scheme and it didn't work..lol Wonder why
Tons of insult , high agressivity, 0 argument.
Also: "yes you can make a living, even of 1 000$ if you know what you are doing". By saying this everybody here knows that you don't know what you are talking about.
That's just stupid. Assuming $100 per day for a single person to live decently, you'd need a 10% return per day. That's not even counting taxes. Get out of here before you start believing what you're spewing onto the keyboard.
Hell ! Even 10$ per day would mean 1% a day, which means 3700 % a year LOL.
I actually wrote a looong answer to your claims...but then.. I realized that it's saturday, a great day full with positive oppertunities.
So...I deletet it all, and find it better to sit this one out instead of being pulled into an argue with someone that obviously hasn't made it yet.
Patronizing attitude can't be cured by other than the person who holds it anyway...its futile to believe otherways.
To all of you that think life and FX trading is wonderfull no matter how wealthy you are...Have a fantastic day.
To all others who doesn't feel that way and need to take it out on others....WORK HARDER!
You are telling us that you wrote a big constructive post and that you deleted it to just write a couple of line about positivity and psychology and stuff. Which bring nothing on the table. I like to be a positive guy but " positivity " has limits. You dont just jump out of the window being " positive about your ability to fly, cuz everything is possible ". Druged people does that. Oh yes they are full of positivity. And then they die
+ " with someone that obviously hasn't made it yet. ". Are you implying that people here made it ? Did you made it bro ? Do you have a myfxbook ? a statement ? can you prove that you made it ? No offense. Nobody is making money here anyway.
All this arguing is just so confusing.
There is so much negativity pointed towards Forex that it is beginning to put me off wanting to keep learning.
I am a total noob who didn't even know what a pip was a few weeks ago.
I have been reading and testing things out on a demo account and quite enjoying it.......however.....I am being realistic that I won't have $10,000 anytime soon to use for trading.
I will start with $500 and maybe one day invest $2500.....but with all this chat about not making money unless you have over $10,000......well.....it kinda makes a noob wonder whether they are just wasting their time.
What is confusing my friend ? look at my post. Argument. Numbers. Link. Facts. Look at my detractors' posts: Nothing but rambling. About being positive. Absurd numbers ( living from 1k capital LOL ).
The only thing that you can do with 10k is train yourself so when you have a solid track record you can sell you house, put all your money in the forex and trade it like a pro. OR look some venture capital.
You WONT live off of 10k.
This is what newbies dont wanna hear. You will wnat to hear does people full of positivity telling you that you can make it. I'm not telling you to believe me, i'm telling you to think about my arguments and to look at the fact I'm pointing out.
Again, I have never said that it is not possible to be profitable.
I'm saying that it is not possible to become rich, becoming rich means going from a modest capital to a big one, like turning 10k into a million.
Lemme talk to you with more maths:
To have consistent returns ( which mean that you are working and not gambling ) you need to have a stable equity curve AND low Drawdown. To have a stable equity curve and low DD you need to lower your risk AT THE MAXIMUM.
A system who provide 35 % a year for 5 years WOULD NOT perform better if you leverage it. It will go bankrupt.
You want to live off of this thing ? Hustle. Put some money aside. Start a company. Speculating activities are for people with ENORMOUS CAPITAL. Make yourself some serious money then trade it.
Think about it this way: trading will bring you serious interest, but will never multiply your capital to the sky. At least, not with forex trading by using Fundamental / technical analysis.
Hope I helped.