The common name dory (from the Middle English dorre, from the Middle French doree, lit. “gilded one”) is shared (officially and colloquially) by members of several different families of large-eyed, silvery, deep-bodied, laterally compressed, and roughly discoid marine fish. As well as resembling each other, dories are also similar in habit: most are deep-sea and demersal. Additionally, many species support commercial fisheries and are considered excellent food fish. Most dory families belong to the order Zeiformes, suborder Zeioidei:
I don’t get it. So you’re claiming 35% returns per year are possible, but not worth pursuing?
What exactly do you do with your savings then? Are you too poor to invest? Everybody knows that if you invest a measly $5k into diversified index funds each year (10% nominal return), you will likely have $2.5M by the end of a 40 year career.
So given the choice, why would one not choose 35% returns (assuming such a thing were possible) on their measly $5k annual investment, rather than 10% returns?
The answer is in your quote:
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.
You think taht people are getting involved to forex to get 35 % per year ?
The other difference is : To make the said 35 % you’ll need to work your ass ( maybe for years ) to become good at trading. AND there is some risk to lose everything.
But just puting ur money to the bank you got safe intereset and you have nothing to do.
People with a job cant just stay in front of their screen 8h per day (if not 10h ) to get 35% of 5k per year.
- I reat, I NEVER SAID THAT 35 % A YEAR WERE NOT WORTH PURSUING. Where did you read that ?
I said taht:
- u wont become rich
- u cant live from ur 5k account.
- 99% of " profitable traders " on forums are liers and have no proofs.
It is definitely yes and no. I can argue that if a trader deposits $10,000, uses the full leverage (let’s say 300:1) on every trade, all that is required is 5 consecutive profitable trades, 60 pips profit per trade to reach $1,000,000. It can be done in pairs such as EURJPY, GBPJPY or GBPAUD. The trader does not need to maintain his success rate for a substantial period of time, only 5 trades. Whether it can be pulled off that is a debatable and is not classified as trading but gambling.
Folks it’s saturday and the markets are closed. Stop spitting vitriol and instead, do something that makes you happy.
Like, study more and get better at trading?
Master the craft?
Window shop online, or at a local mall?
Dream of spending your millions?
Shop for a house you want?
Opps, sorry, did I just turn this thread into something positive?
Here I am once again, going to lay it out for you.
If your confidence level of ANY TRADE, is less then 100%, THEN DONT TRADE IT. You dont trade by confidence %, WHICH EVERYONE DOES, Hence the ability to adjust lot sizes.
Your either in it to win it, or not.
You study, you practice, you find your zone, and you attack it, with everything you got.
Risk gets less as your account grows? WHAT?
All risk SHOULD be the same, and that risk is losing the trade, and shouldnt reflect absolutely NOTHING with the account size.
The risk is [B]YOU[/B].
[B]
Hi Insidertrader I mostly agree your claims about forex …[/B]
Countless times have I mentioned that there is no statement of a successful trader in any tradings forum.
To discuss seriously about forex in a forum that babypips have little purpose where only wonnabe traders exist.
But there are actually a few successful traders it is worth studying, some of them have I mentioned earlier in one of my thread.
Example kozox Flemming
DANISH TRADER FROM $ 5500 TO $ 5.1 MILLION return of morethan 95,000%
So use the time on those who can trade, not wonnabe
So I’m curious. What if someone presents an fxbook that meets all of the above criteria? Then is everything you knew to be false indeed true? Do you publicly announce that you’re a complete failure in the fx game and that profitable traders do exist? Do you demand that the strategy be revealed? Do you believe him/her to be an uncover broker who has results that no one else could replicate?
IF a profitable account exists, THEN… what?
Genius ,my point ,I have already proved that exist profitable traders ,and new traders should use their energy to understand them who are profitable ,[B]not all monkeys who pretending they are profitable and have no idea about trading[/B]
I understand that you are expressing your own opinion and I do agree with some of your post. Most of the time, our opinion or when you call it " facts" is base on our own experiences and what we’ve been through whether it was a success or a failure ( mistakes). It is a tough business and it has been discuss here in this forum numerous times and it also been asked and requested about " proof" of a profitable trade/traders…
By reading your posts and the title of this thread, is it possible that you are expecting or thinking about being rich in 2 years or so? And somehow failed to reach that goal? What is your experience so far in trading or do you even actively trade? Please keep in mind that your definition of " rich" or accumulating wealth and the timeline as to when will achieved them is different than mine, to yours, or to someone else. Do not assume that everyone have the same goals and expectations like yours…
Redefine what it is you want to accomplished when you start trading… Do you focus on the process, get better each day as a trader or is it your main focus is how much $$$ and or %? If you focus more on the later then it is not going to work long term. Focus on the process not the results and re evaluate your performance to see if trading is for you or not…
He didnt do this with forex, and it took him 4.5 years to do it.
If you have the skill, that can be crushed in a year.
Well I know the answer to this one. They still call it a scam and say it is impossible to get a return like that in a year even if the profile is verified and what not on myfxbook. To these kinds of people, there are only two types of forex traders - losing traders and scammers and they are unwilling to believe anything but that.
Lol, so true…
But I have another question 
Can we say then that no one can’t become rich trading Futures, Equities and Options…
I mean why is Forex only to be crucified
I think they are failures themselves and are using the “no one can profit in forex” and “anyone claiming profits is a liar/scammer” to justify their own inability as being someone else’s fault
At the end of the day, you have to Love it.
When you love it, you find a way to make it work.
And, remember, Luck is when preparation meets opportunity, And make the most of every, single, one!
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About linking your account with myfxbook, are there any security risks? Maybe the smart money don’t take unnecessary risk. Unless you’re an educator trying to prove your track record, there is absolutely no reason for a successful trader to link their account to myfxbook or any other third party site.
There’s no gain, but there is some risk. From a trader’s perspective, this would be a bad trade. Just my 2c.
To the OP: Total BS. The funny thing is that you base it off of myfxbook. I have often said REAL traders do not share what they do and definitely don’t use those crappy websites to show off. The majority does and will fail, true that, but just because the majority fails does not mean it is not possible. That’s the same as saying you can’t become rich as a professional athlete. The majority will never come close, but a few thousand are doing it.
Making 10,000% a year? Who said that trading is about that. It is not a get rich quick market. Making 30% per year on a consistent base is a great achievement and you can turn your 10K in 1M and much more over time. This will certainly not happen in one year or even ten years.
Again to the OP: Absolute BS!
Can you please explain me in which way what you are doing is contraditing any point that I discussed in the original post ?
Can you please quote point by point the " BS " that I said and explain in which way am I wrong ?
Because you say: " OP= TOTAL BS ". Then you say exactly the same thing than me.
But you say " TOTAL BS " because you want to be on the side of the majority.
30% per year is not going to make anybody rich, and will not allow to anybody to live from 10k.
You would need 20 year of doing consistently 30% per year to turn 10k into 1M.
Have you seen some book about traders ? Paul Tudor Jones ? The market wizards ? Have you EVER heared about a guy who turned 10k into 1M in TWENTY YEARS ? OR is it about guys who made it BIG ie: turning 5K into a million in less than 5 years ?
THIS is what is advertised.
THIS is why avg joes come into trading.
" Invest only 100 $ and trade with 50 000 $ !!! " <<< THIS is what is advertised by brokers.
" 30 % per year is a great performance " ? No sh*t sherlock this is[B] EXACTLY WHAT I AM SAYING.[/B]
You think traders out there want to make 30 % per year with their 100 $ nano account ?
Do you think traders out there want to make 100$ per month cuz " you know, in indonesia , its a good revenue " ?
Now you can be dellusional if you want,I am REALISTIC: 99 % of the forum traders will disappear in 2 years MAX.
No I repeat: before you say " OP: TOTAL BS " be sure that you really have counter argument to what I said and you are not actually saying the EXACT same thing that me.
Alright, let me clarify. My total BS statement was in relation to your headline. Who cares about dumb advertising, it does not change the facts. Stating that you can’t become rich trading is absolute BS and anyone who has remotely read what I have posted can see that I am not the guy who is in the majority camp on plenty of topics so more BS from you. I have no intention to start a moronic argument with you which leads nowhere and robs what little is left of this thread.
Those who enter the market misguided by terrible advertising usually get what they deserve. Despite the high failure rate, stating that you can’t become rich trading is total BS.
‘Seeing’ books about traders is worthless, reading them is an upgrade but unless you actually comprehend what is said you really wasted your time.