Ever heared that the best fund manager in the world perform AT BEST 35 % a year ? And they have ivy league genius programming complex algorithm run on super power ful computers.
"Yes but They have problem with liquididy that's why " .
No that's not.
Have you ever seen ONE trader with :
- a drawdown < 30 %
- a system profitable since more than 2 years
- a stable equity curve
- a trustworthy broker
Filter out this on myfxbook and that's what is left:
Trading Systems | Myfxbook
Only 5 account meet those filter. And guess what:
The best performance is 75 % in 2 years. And his curve is not very stable.
NONE of them are scalping.
You see pal, tons of people here on forum will claim to make 10, 20, hell even 50% per month. Ask them their myfxbook and they'll come up with all the excuses in the world.
" Im just providing free advices i dont have to prove anything "
" why dont you try out my system and see if it works for you. Oh and you need at least 5 years of practice to be profitable and guess what in 5 years I won't even be there anymore to here your complain ".
Can ANYBODY here PROVE that he is profitable since more than juste 2 years, with no >30% DD and with a stable equity curve ?
I highly doubt so.
FACT: The forex and any speculative activity make money ONLY FOR THOSE WHO MANAGE ENORMOUS ACCOUNT.
Imagine that you manage JUST 10 000 000 and that you make 10 % per year its 80 000$ per month. You give back half of it to the investor you're up to 40 k a month.
THOSE are the deal people.
You think you can go somewhere with your $10 000 account ?
All those forums , those seminars, those gurus, are LIVING off of your ignorance and your delusion.
Get real pals.
PS: ANYBODY coming here telling me that " this is possible " or that " I'm so frustrated " or any kind of insult, I don't give a damn, SHOW ME YOUR MONEY, SHOW STATEMENTS, SHOW PROOFS..
Money talks, Bullsh*t walks.
THINK ABOUT ALL THOSE GURUS.
THINK about james16 on forexfactory. His thread is 6500 PAGES long and is runing since 2005 !!! This guy eventually opened a private teaching group. $129 a month. NOBODY HAS EVER SEEN ANY STATEMENT OR PROOF OF HIS " Profitability ".
THINK about ICT : innercircle trader. People (including me) have been licking his ass here for YEARS. Very nice guy. Added TONS of content: forum post, youtube video. Yet the DAY he started a myfxbook he just FAILED and now he is not around any more and his thread is locked.
THINK of Jacko on FF: People licking his ass for MONTHS. Some started to be skeptics and received TONS OF INSULTS just because they were asking for proofs. Bottom line: He started to manage people's money then some day disappeared with their money !!!
Think about all those guy in the " Holy grail section " , claiming to be " ex Barclays trader ". Getting fans in their thread for month untill they start a " private group " and start to charge.
ALL OF THEM WERE SCAM.
NONE OF THEM WERE PROFITABLE.
You have a 9-5 job and no more than 10 000 $ to put in your account ? You are trading " as a hobby " . PLEASE stop your delusion. You want money ? start a business. A REAL ONE when you are actually doing something more than click click. The truth of forex is that it allow any avg joe to hide behind his computer and keep dreaming about becoming rich without taking the risk of MANING UP , of taking REAL RISKS , of SHOWING HIS FACE TO THE WORLD AND FACE THE FAILURE IN FRONT OF EVERYBODY.
You can just lost 10 $ a month or play on your demo account and pretent to be a boss with your forum friends.
PLEASE STOP THIS IF YOU DONT HAVE AT LEAST 100 000 $ to invest OR a track record of more than 2 years with no DD < 30 , a stable equity curve and the BALLS To go OUT to find investors. Stop. Spend time with your family. Money is NOT everything. Play with your kids instead of letting them in front of TV while you play with your MT4.
Have a nice day guys. Sorry If I break some poepl's dream but THAT'S the truth about forex. You WONT make 10 000 % a year. You WONT turn 10k into a million.