Im lose...
Membro Desde Jan 25, 2010
1360 posts
Jan 05, 2015 at 01:55
TheSmokedAce posted:
I think you can win in trading, the reason most lose is that they are way under capitalized.
if you trade a higher time frame and use proper money management then you will make money...
the reason most dont do that, is because most only have an average of 1,000 in the account and to make 2% a month is not worth the effort.. typically most people are trying to make 100% a month every month as their expense are so high, and then you wonder why most lose.
but if you had 1million, and traded trying to just make 2-4% a month , you would make enough to make it worth your time.
No sane person would risk $1 million. Lead by example, or else don't make assumptions.
forex_trader_163226
Membro Desde Nov 19, 2013
67 posts
Jan 05, 2015 at 01:58
Dear Matt, I didnt say risk 1 million, I said trade a million dollar account, this would allow you to not be undercapitalized.
also considering that I used to managed accounts that size and bigger, and also worked for a broker, I would know enough and not have to make assumptions.. these are facts
also considering that I used to managed accounts that size and bigger, and also worked for a broker, I would know enough and not have to make assumptions.. these are facts
Jan 05, 2015 at 02:06
BluePanther posted:
I bet you haven't lost as much as me! 😉
At least I am the champion somewhere (cumulative losses)... 😝
ahahahah...start trading in the exact opposite way of what you've down since 2008 and you will see that you will start making money consistently! my point is: isnt that true that if you can consistently lose money the opposite behaviour would lead to consistently be profitable??
Tough time don't last...Tough people do
Membro Desde Jan 25, 2010
1360 posts
Jan 05, 2015 at 05:48
(editado Jan 05, 2015 at 05:49)
TheSmokedAce posted:
Dear Matt, I didnt say risk 1 million, I said trade a million dollar account, this would allow you to not be undercapitalized.
also considering that I used to managed accounts that size and bigger, and also worked for a broker, I would know enough and not have to make assumptions.. these are facts
In other words:
a) To be adequately capitalised retail traders should only trade when they have $1 million at least.
b) With $1 million retail traders would be profitable.
Thanks. Nice to know brokers look out for the little guys in forex (sarcasm). So for every other trader that does not have $1 million to start trading (99%) they can safely assume they risk 100% of their money - since they are 'undercapitalised'.
It's not hard to see who's side the brokers and banks are on (their own side and institutional investors).
TheSmokedAce posted: I think you can win in trading...
To 'think' and to 'know' are entirely different. 100% of traders 'think' like you, but only 1% really 'know' they can (the institutional ones). Brokers and banks are the only real winners in the long-run. Read the Forbes rich-list and see how many made their money in forex.
bradipx posted:BluePanther posted:
I bet you haven't lost as much as me! 😉
At least I am the champion somewhere (cumulative losses)... 😝
ahahahah...start trading in the exact opposite way of what you've down since 2008 and you will see that you will start making money consistently! my point is: isnt that true that if you can consistently lose money the opposite behaviour would lead to consistently be profitable??
Theoretically you are correct, mathematically that concept is flawed. For example, a loss of 10% would require a gain of 20% to recoup original equity. One cannot predict the outcome of a trade and therefore you cannot adjust risk to favour the winners.
forex_trader_163226
Membro Desde Nov 19, 2013
67 posts
Jan 05, 2015 at 07:26
(editado Jan 05, 2015 at 07:27)
if you didnt know that banks are on their own side, and only pretend to help others then I guess this is your eureka moment.
Thank you for letting me be a part of yours.
Thank you for letting me be a part of yours.
Jan 05, 2015 at 08:02
BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
😁
“Never stop dreaming, never stop believing, never give up, never stop trying, and never stop learning.”
Membro Desde Sep 04, 2014
10 posts
Jan 05, 2015 at 08:02
First post on these forums. Hi everyone.
You need to get proper education from a real trader who has a long term track record and years of experience. Do world class athletes ask random people for advice? No! They get coaching from people who have been there and done that for years.
How long does it take to become a 'professional' at something? In my day job, I have 12 years experience, and I would say that for only the last few years I would consider that I am a professional. THATS how long it takes to be a professional at anything. some people say 10,000 hours. There are no short cuts, only hard work and dedication.
The ONLY way to be good at trading is to learn from someone who has done it and is still doing it, and to learn the right way from the start!!
I am not one of those traders, and in fact I am on the learning side. But I am learning from one of the best in the industry, and I can already see the benefits from just a few months of coaching. I risk only 0.25% of my account per trade, and I made 4.6% for December. Not a massive profit, but when you trade a 10mil account like my coach does, that is definitely enough to get by!
Look for education providers specific to this industry which are run by fund managers or bankers etc. They are the people that you want to associate with and learn from.
Trading is not about the system that you can find on the internet which has massive profits and steep equity curves. It's about managing risk and being able to keep on trading no matter what the economic climate may throw at the market. I have not been out of the market since i started months ago. My coach has not been out of the market since 2010 with the Greek Austerity vote. Before that the only time he had no positions was 9:20am Sept 11, 2001. If you trade with appropriate risk management there is no need to be out of the market. You can't make profit if you don't have money at risk..
You need to get proper education from a real trader who has a long term track record and years of experience. Do world class athletes ask random people for advice? No! They get coaching from people who have been there and done that for years.
How long does it take to become a 'professional' at something? In my day job, I have 12 years experience, and I would say that for only the last few years I would consider that I am a professional. THATS how long it takes to be a professional at anything. some people say 10,000 hours. There are no short cuts, only hard work and dedication.
The ONLY way to be good at trading is to learn from someone who has done it and is still doing it, and to learn the right way from the start!!
I am not one of those traders, and in fact I am on the learning side. But I am learning from one of the best in the industry, and I can already see the benefits from just a few months of coaching. I risk only 0.25% of my account per trade, and I made 4.6% for December. Not a massive profit, but when you trade a 10mil account like my coach does, that is definitely enough to get by!
Look for education providers specific to this industry which are run by fund managers or bankers etc. They are the people that you want to associate with and learn from.
Trading is not about the system that you can find on the internet which has massive profits and steep equity curves. It's about managing risk and being able to keep on trading no matter what the economic climate may throw at the market. I have not been out of the market since i started months ago. My coach has not been out of the market since 2010 with the Greek Austerity vote. Before that the only time he had no positions was 9:20am Sept 11, 2001. If you trade with appropriate risk management there is no need to be out of the market. You can't make profit if you don't have money at risk..
Membro Desde Jan 25, 2010
1360 posts
Jan 05, 2015 at 08:21
(editado Jan 05, 2015 at 08:28)
TheSmokedAce posted:
if you didnt know that banks are on their own side, and only pretend to help others then I guess this is your eureka moment.
Thank you for letting me be a part of yours.
As I have said all along. Yet 'big shots' like you want to prove you know better without proving your claims... as you said:
TheSmokedAce posted: 'I would know enough and not have to make assumptions.. these are facts'
Not sure what you are thanking me for... for opening your eyes? You worked in a broker so you should have your eyes more open than mine! Unbelievable! 😲
shayguevara posted:
You can't make profit if you don't have money at risk..
Totally agree. But folks don't realise they risk their ENTIRE DEPOSIT - they think they 'limit' their risk by using stoplosses, but if you choose a dodgy broker (80%+ are dodgy as indicated by their jurisdiction of regulation eg. Cyprus) then you can kiss your money goodbye. Even choosing a 'safe' broker you have little better chance. I agree with TSA: you need huge margin, but most retail traders start out with much less than $1 million (does anyone start out with that much, really?)
Forex is a GUARANTEED LOSS, unless (like TSA said) you start with over $1 million - period. Even then, sooner or later the money (or luck) will run out.
Membro Desde Feb 22, 2011
4862 posts
Jan 05, 2015 at 10:37
BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
@BluePanther
You are mistaken, about 5% of traders are successful, even I did quit my daily job and trade for living.
Jan 05, 2015 at 15:07
You can be successful otherwise the 5% wouldn't exist. It's all about normal human behaviour, most of us behave as humans in the market place, that is why you must learn how to be/what to do/when to do it. Change a few variables, experiment, tweak your system, your strategy, entry, exit, timing, time frame. You will see the difference. Mind over matter.
When you lose, don't lose the Lesson
Membro Desde Jan 25, 2010
1360 posts
Jan 05, 2015 at 18:53
(editado Jan 05, 2015 at 18:57)
togr posted:BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
@BluePanther
You are mistaken, about 5% of traders are successful, even I did quit my daily job and trade for living.
I would consider 5% to be very optimistic. Try 1% or less of ALL traders (institutional and retail), and less than 1% of retail traders alone.
And anyone can 'say' they have succeeded (kudos to you), BUT:
a) Can you back up your claims? (not that you need to prove yourself to anyone but you)
b) Why would a 'made-trader' hang around in forums with the 99% losers? (Isn't it monotonous, the same disbelievers and critics drivelling the same arguments and personal attacks? Or do you have a sick pleasure stirring up losing traders with further 'promises' that 'anyone can do it - I did!'. Personally, if I was the 1% I would not waste my time here; I'd be out helping the world and making a REAL contribution to improving the world.)
Membro Desde Feb 22, 2011
4862 posts
Jan 06, 2015 at 09:13
BluePanther posted:togr posted:BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.
Why do you think that everyone still avoids forex trading after over ten years forex retail?
The risk disclaimer is a legal loophole to permit downright theft.
@BluePanther
You are mistaken, about 5% of traders are successful, even I did quit my daily job and trade for living.
I would consider 5% to be very optimistic. Try 1% or less of ALL traders (institutional and retail), and less than 1% of retail traders alone.
And anyone can 'say' they have succeeded (kudos to you), BUT:
a) Can you back up your claims? (not that you need to prove yourself to anyone but you)
b) Why would a 'made-trader' hang around in forums with the 99% losers? (Isn't it monotonous, the same disbelievers and critics drivelling the same arguments and personal attacks? Or do you have a sick pleasure stirring up losing traders with further 'promises' that 'anyone can do it - I did!'. Personally, if I was the 1% I would not waste my time here; I'd be out helping the world and making a REAL contribution to improving the world.)
@BluePanther
Its hard to define the exact number, e.g. the old studies says even 1/3 of traders are profitable.
ANyway MFB could be grest source for such analyses with huge number of accounts linked.
Membro Desde May 04, 2012
1608 posts
Jan 06, 2015 at 09:55
Why would a 'made-trader' hang around in forums with the 99% losers? (Isn't it monotonous, the same disbelievers and critics drivelling the same arguments and personal attacks? Or do you have a sick pleasure stirring up losing traders with further 'promises' that 'anyone can do it - I did!'. Personally, if I was the 1% I would not waste my time here; I'd be out helping the world and making a REAL contribution to improving the world.)
Although I like Tomas, Matt has a point...
Although I like Tomas, Matt has a point...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Membro Desde May 04, 2012
1608 posts
Jan 06, 2015 at 09:55
Amendment: The initial statement above was quoted from Matt.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Membro Desde Jan 25, 2010
1360 posts
Jan 06, 2015 at 10:03
(editado Jan 06, 2015 at 10:10)
FxMasterGuru posted:BluePanther posted:
Why would a 'made-trader' hang around in forums with the 99% losers? (Isn't it monotonous, the same disbelievers and critics drivelling the same arguments and personal attacks? Or do you have a sick pleasure stirring up losing traders with further 'promises' that 'anyone can do it - I did!'. Personally, if I was the 1% I would not waste my time here; I'd be out helping the world and making a REAL contribution to improving the world.)
Although I like Tomas, Matt has a point...
Aha, Tomas is an MFB moderator... that explains everything! 😉
Yeah, Tomas is alright. We all have our reasons for being here - at least, I think I have a reason for being here... To find the Holy Grail! (which doesn't exist!) 😎
This question should be asked of anyone that claims they are 'successful' in forex (not just Tomas). Be kind but critical.
Membro Desde Feb 22, 2011
4862 posts
Jan 06, 2015 at 10:12
(editado Jan 06, 2015 at 10:12)
FxMasterGuru posted:Why would a 'made-trader' hang around in forums with the 99% losers? (Isn't it monotonous, the same disbelievers and critics drivelling the same arguments and personal attacks? Or do you have a sick pleasure stirring up losing traders with further 'promises' that 'anyone can do it - I did!'. Personally, if I was the 1% I would not waste my time here; I'd be out helping the world and making a REAL contribution to improving the world.)
Although I like Tomas, Matt has a point...
@FxMasterGuru
The point is somewhere else. The statement was that there are no successful traders.
In such case there would be no traders at all. Why? As people need some hope they will be successful to at least try trading.
Membro Desde Jan 07, 2015
11 posts
Jan 08, 2015 at 07:56
Afraid of wolves in the woods do not go. So I merged half, but nothing I try. Also merge the case with everyone. And if you do not have the experience without learning that you do not submit to forex.😄
Membro Desde Jun 09, 2014
138 posts
Jan 11, 2015 at 09:35
SherFsd posted:Which one is that? :) Did you buy it or make it?
demo is must for us...learn properly ...every person is a loser at his first stage..i am also loss my money..but now i recovered alot with my Robot..
Membro Desde Mar 26, 2014
21 posts
Jan 12, 2015 at 13:08
Most people loose money just because they came to forex with get rich quick mentality and start trading with very high leverage.
They key to get success in forex is low leverage and patience.
They key to get success in forex is low leverage and patience.
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