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From $1 to 10 million
Member Since Oct 22, 2013
5 posts
forex_trader_102328
Member Since Dec 10, 2012
30 posts
Dec 13, 2013 at 11:15
Member Since Dec 10, 2012
30 posts
It is unfortunate that a lot of newbies are enticed to deposit. Promised if they buy this or that they will be millionaires soon, making the sellers rich and leaving the newbies with their dicks in their hands. I think I should also become a seller. I can make tons of $ from newbies.
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Dec 13, 2013 at 12:58
Member Since Jun 28, 2013
852 posts
It is human nature to believe getting rich fast. Newbies think that the market is an ATM, the only difference is that they fund the market, not withdraw from it.
Millionaires brag getting 20-25% yearly and average Joe wants 100% monthly. Who is the smart guy?
Millionaires brag getting 20-25% yearly and average Joe wants 100% monthly. Who is the smart guy?
forex_trader_102328
Member Since Dec 10, 2012
30 posts
Dec 13, 2013 at 15:31
Member Since Dec 10, 2012
30 posts
True dat! I am sure we all though fx will make us ridiculously rich someday when we started trading. It is only with a couple of times that one loses all your $ and a few margin calls that reality reels you back to earth again.
I would be very happy with only 4 or 5% per month. I am achieving this, but it is not as easy as one thinks.
I would be very happy with only 4 or 5% per month. I am achieving this, but it is not as easy as one thinks.
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Dec 13, 2013 at 16:10
Member Since Jun 28, 2013
852 posts
Anton Kreil, ex Goldman trader said: A good trader is the one that on 12 months trading has to be profitable at least on 10. He must be right on the market on 10 months when he makes money and he must be right also on 2 months when he looses money.
I totally agree with you. Making 4-5% seem easy. But making 4-5% consistently for a long period of time, is pretty hard.
I totally agree with you. Making 4-5% seem easy. But making 4-5% consistently for a long period of time, is pretty hard.
Member Since Dec 15, 2010
795 posts
Dec 13, 2013 at 20:29
Member Since Dec 15, 2010
795 posts
You are all correct on this. Making a fair 6% a month with a safe DD is very hard on long term. I have home built robots that can do 1-2% a month fairly safely, but anything above that, the risk of DD goes way up. 4% profits a month can give you DD of 40%. Very few of us wish to risk that kind of captial. WE all want and wish for larger profits and safer DD, but its very hard to obtain over a long term.
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Member Since Dec 16, 2013
4 posts
Member Since Dec 16, 2013
4 posts
Dec 16, 2013 at 15:08
Member Since Dec 16, 2013
4 posts
It not just 100 pips the trading lots has to go up as well.When the lots go up traders will come to emotional ceiling that they are not able to get over 100 is the ease part the hard part is closing the platfrom down and walking away after you have your 100 pips.
Dare to risk more to get more
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