Active forex traders ?

97trophy

Blah99 wrote: »

- the fundamentals are just as, if not more important.

I'll happily spread bet on shares and, sometimes, indices

and how has that worked on out in the last month ?

blinko

i dont know how people can trade forex it seems to follow a law unto itself, ok fundamentals seem to work eg a QE3 would see a weaker dollar but its totally nuts just look at the graphs !!

Drag1

I'm not really sure where these comments about not being successful in Forex trading are coming from or where the evidence is. If you do know someone who has had no success then I apologise but that does not define all Forex traders. I have been a Forex trader for over 3 years and my success rate is around 85%. I actually started on a course and I am now employed at the company that taught me as one of the main mentors with students worldwide making a living out of trading the markets. I am also one of their top traders and next to me I have 8 traders with similar success rates. As for free e-books etc - they can teach you the skeleton of market analysis but they cannot teach you how to control your emotions, when to realistically enter/exit a trade or money management (risk if capital). It is all mathematical. Do you think that people who have spent years perfecting the markets will simply let you know how they do it for free? It is like saying you can have free driving lessons.

AS anything, if you want to do something well then you deliberately practice to ensure that happens. It really is as simple as that even though the journey may not be.

qpop

Drag1 wrote: »

I'm not really sure where these comments about not being successful in Forex trading are coming from or where the evidence is. If you do know someone who has had no success then I apologise but that does not define all Forex traders. I have been a Forex trader for over 3 years and my success rate is around 85%. I actually started on a course and I am now employed at the company that taught me as one of the main mentors with students worldwide making a living out of trading the markets. I am also one of their top traders and next to me I have 8 traders with similar success rates. As for free e-books etc - they can teach you the skeleton of market analysis but they cannot teach you how to control your emotions, when to realistically enter/exit a trade or money management (risk if capital). It is all mathematical. Do you think that people who have spent years perfecting the markets will simply let you know how they do it for free? It is like saying you can have free driving lessons.

AS anything, if you want to do something well then you deliberately practice to ensure that happens. It really is as simple as that even though the journey may not be.

And you felt the need to revive a thread, the most recent post was three months, to say that, why?

darkpool

imho amateur forex traders are less financially sophisticated than Unit Trust investors.

morganedge

Been trying to make an extra bit of pocket money to top up my wages on forex. Trying to make an extra £20-£40 per week beer money.
It's not easy, but hit my targets for a few months so far (can only show a little bit of history from a platform screenshot)



Uploaded with ImageShack.us

Drag1

Oh - I thought this was a new thread. Maybe I should pay more attention to the dates. Sorry guys - unnecessary revival.

justpaper

Whats the problem with retrieving threads ? if its on point post it....?

just to point out morganedge post, your trading 0.10 unit thats 10k so im guessing ur with a market maker,

this is what people do who are new to Forex (even i did it), they go with a market maker (who will take ur money trade agaisnt you, your trade will not reach the real market prices will be twisted to make u lose) the outcome is the new traders makes a loss and jumps out of forex thinking its a scam, trade demo as long as u can, save up money about 10k, and get a proper ECN account,

2nd thoughts, alot of people contact me (thru different sites mainly skype) after making a loss or blowing their account, over the last year ive talked to a few traders that got off on the wrong foot and made losses of amounts from 10k to 40k, One chap made £6k in 3 months and then lost his whole account within 6 months 10k of his own money, We had a talk and it clicked for him how he made his losses, hes not trading tho,

I'm going to get this topic locked or deleted as i think its guiding people to the forex world which has its fair amount of traps, I dont want to be helping people to mass losses if they are using this thread as a form of entry to forex world, Its all nice going to the south of france and talking to the big traders and joining in on the events BUT i got to remember the guys who blew their savings on a market maker.

I should of posted a Huge Warning,