WHO trades forex for more than 10 years and keeps making regular profits
Member Since Jan 25, 2010
1360 posts
Oct 29, 2019 at 14:18
Risk setting of EAs would remain consistent across accounts, ie. starting Lots 0.01, strategy parameters, etc.
Member Since Jan 25, 2010
1360 posts
Oct 29, 2019 at 14:23
togr posted:
so Account#1 will have 19x times risk of account#1?
Yes, Account#1 would have 19x risk of Account#19 (basically).
Member Since Jul 23, 2019
23 posts
Oct 30, 2019 at 00:10
Gowaletasia posted:some of people want to trade long time but many people want big profit but dont known a risk
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?
I'm sorry to ask this
because I see the portfolio of several forex winners here on other contests they lose a lot, inconsistent
my opinion for long term 100% forex traders must have lost
therefore many brokers give a lot of bonuses
please let me know if my opinion is wrong
😐
i think is best for long term trading is have :
profit consistent and no risk of floating
many people want to make money started with small capital till big or huge capital.
how the ea can be provide this we must known the answer.
i think all want to investing big money on good trader or good ea.
let me answer the classic problem on trading.
need ea or trading strategy have specification below :
- profit consistent and enought profit
- low drawdown and got stop loss minimum so margin call is never touch
thank you all, if any false on my word i am so sorry and please forgive me
regards,
Be Best Trader And Got Money
Member Since Jan 25, 2010
1360 posts
Oct 30, 2019 at 00:52
BluePanther posted:togr posted:
so is there some level when you switch from high risk to low risk trading?
I plan to graduate risk across my accounts in the following method:
Account 1: $1000
Account 2: $2000
Account 3: $3000
Account 4: $4000
Account 5: $5000
Account 6: $6000
Account 7: $7000
Account 8: $8000
Account 9: $9000
Account 10: $10,000
Account 11: $11,000
Account 12: $12,000
Account 13: $13,000
Account 14: $14,000
Account 15: $15,000
Account 16: $16,000
Account 17: $17,000
Account 18: $18,000
Account 19: $19,000
Risk setting of EAs would remain consistent across accounts, ie. starting Lots 0.01, strategy parameters, etc.
Risk can also be mitigated by scaled implementation of new systems, where a graduated process is followed prior to full implementation of any system across all accounts. I did not follow this process and my greed and haste cost me dearly.
For example:
1. Rigorously Backtest new EA on Historical Data until satisfied of performance;
2. Complete successful Forward testing on Demo;
3. After x period, commence EA on Account 1;
4. After x period, commence EA on Account 2;
5. After x period, commence EA on Account 3;
...
21. After x period, commence EA on Account 19;
where 'x period' is an arbitrary measure of time, such as a week or month.
'Success in trading requires calculated risk, measured gains, and tempered emotions.'
Member Since Mar 22, 2016
44 posts
Nov 02, 2019 at 13:18
try to make simple, dont make difficult your trading self with complicate strategy
even for now to much impact politic fundamental, most of them make make fake all analisy technical too
soo this is the way to find another think strategy, like whats to handle trade this climate with smart strategy too
even for now to much impact politic fundamental, most of them make make fake all analisy technical too
soo this is the way to find another think strategy, like whats to handle trade this climate with smart strategy too
Founder of Number 1 Ninja Forex Strategy in The World -
Member Since Sep 13, 2017
140 posts
Nov 08, 2019 at 07:59
BluePanther posted:Great advice. I enjoy seeing the quotes of successful businessmen in relation to what you have learned.tradeFX4btc posted:
Since we have both been rekt from flash crashes, what are you doing differently?
Oh, and:
7) Diversification is BAD; just because a system can work on 28 pairs, does not mean it should be used on 28 pairs. Sure it can multiply results and give some guarantee to returns, but it also adds exposure to every market event, and movements can be multiplied across other pairs of the same currency. It only took two currencies for me to gain 800% and 1000%: it is better to focus on a few currencies and limit your exposure to risk events.
'The most successful investors don't diversify. Rather, they FOCUS (Follow-One-Course-Until-Successful) and specialize. They get to know the investment category they invest in and how the business works better than anyone else.'
(Robert Kiyosaki, American businessman and author)
“Wide diversification is only required when investors do not understand what they are doing.”
(Warren Buffett, American business magnate, investor, speaker and philanthropist)
Be humble
Member Since Mar 03, 2019
57 posts
Nov 10, 2019 at 20:58
ratou11 posted:Yes, unfortunately lots of new traders do not have patience and need to understand that mastering forex takes time.
Been trading forex for 6 years, been making consistent profit for 1.5 years. Forex takes time.
Member Since Jul 23, 2019
23 posts
Nov 11, 2019 at 06:46
Not Just Long Trade, But Need Known how much Profit perdays, permonths, and Drowdown, so we can choose the ea for buy or follow......
Be Best Trader And Got Money
Member Since Jul 22, 2013
216 posts
Nov 12, 2019 at 12:57
still trade from 2000 ..
still in profit !
Attachments:
SNF-Complex system - build in 2007 \ Tested from 1970.
Member Since Jan 25, 2010
1360 posts
Nov 12, 2019 at 18:29
SNF_Complex posted:
still trade from 2000 ..
still in profit !
Amazing! One of the 5% of traders who stay profitable! 19 years' straight! Wow!
Keep it up, you are an inspiration for losers like me! 😎
Member Since Apr 04, 2019
2 posts
Nov 25, 2019 at 22:37
Hey guys,
I started trading a year ago and have had some success recently. I started tracking my trading about two months ago. Only manual trades with some algos in development. This account started on 10k and I want to get it to 20k safely (risk managed).
All the best,
Aardall
I started trading a year ago and have had some success recently. I started tracking my trading about two months ago. Only manual trades with some algos in development. This account started on 10k and I want to get it to 20k safely (risk managed).
All the best,
Aardall
Member Since Mar 18, 2019
98 posts
Dec 05, 2019 at 13:19
not ten years lol, more like 4 but the first 12 months or so i was on demo
Member Since Feb 22, 2011
4862 posts
Dec 05, 2019 at 15:07
BluePanther posted:SNF_Complex posted:
still trade from 2000 ..
still in profit !
Amazing! One of the 5% of traders who stay profitable! 19 years' straight! Wow!
Keep it up, you are an inspiration for losers like me! 😎
His accounts are not verified and last updated years ago...
Member Since Oct 11, 2013
775 posts
Dec 11, 2019 at 03:15
Its a long jurney, most people dont expect it to be full of obstacles, failures, losses and more, but once those are overcome, you bet you will be in for the ride of your life. Sacrife and discipline pays up in the markets.
Dec 13, 2019 at 19:31
BluePanther posted:togr posted:
It is not strange if you keep trading forex for 10+ years because you are profitable.
Let me rephrase the question, is there anybody trading for 10+ years and still losing money?
I would like to know your motivation:)
That would be me! I started October 2008 and I am still struggling to make money.
But my motivation is that forex is the best business there is, and I know it is possible to make a living and retire from forex. Last year, I turned AUD$50,000 into AUD$13,000,000 in two months using high risk on CHFSGD and EURTRY, but on 3 January 2019 I lost 96% because of the Yen Flash Crash. I only withdrew AUD$80,000 for my mother, and I agree that greed was the major factor in my loss: I was earning AUD$100,000 per day and I didn’t want to stop.
Well, at least I can say “been there, done that.”
Though it would be nice to “be there” again... some day maybe...
I don't get how you can lose pretty much everything when you banked 13M...
Member Since Jan 25, 2010
1360 posts
Dec 13, 2019 at 23:03
danpadcas posted:
I don't get how you can lose pretty much everything when you banked 13M...
Because I didn't 'bank it' (withdraw the money). I kept all my money in my trading accounts, and opened 20 in all.
Director kept calling me every second day to withdraw and I refused.
Trading Desk called me every second day to reduce risk and I started getting sick of their attention.
I only withdrew $80,000 for my mother's mortgage.
Big money only causes hassles, because everyone suddenly wants to be your best friend, or wants handouts.
Stay humble, earn a little.
But whatever you do, do not forget:
'You came into this world with nothing, and you will leave this world with nothing - except what you have become.'
