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Hello Guys new to myfxbook !
Medlem sedan May 17, 2015
1 inlägg
May 23, 2015 at 12:05
Medlem sedan May 17, 2015
1 inlägg
Hello guys, i just joined myfxbook from Florida. Just connected my live account as well. Looking forward to make cool friends ! i trade eurusd only as part time. I have a full time job. BUT, if things work out i will be quitting :)
Medlem sedan May 04, 2012
1608 inlägg
May 24, 2015 at 05:13
(redigerad May 24, 2015 at 05:14)
Medlem sedan May 04, 2012
1608 inlägg
It was more than 2 years ago when I started this thread: https://www.myfxbook.com/community/experienced-traders/5-average-monthly-profit-for/494885,34#?pt=2&p=1&ts=337&o=494885
The search is still on... Which tells a lot about the statistical chances of making a living from Forex PROFITS.
But who makes the REAL Forex profits then...?
1. Brokers and their licensing authorities.
2. Liquidity providers.
3. Metatrader and other trading platform provider companies.
4. IBs (introducing brokers).
5. VPS providers.
6. EA programmers.
7. 'Holy Grail' EA marketers and 'Holy Grail' signal providers.
8. Website hosts (of promoting EA marketers, signal providers and brokers).
9. Commercial banks, Skrill, etc. on fund transfer fees.
10. Trading book writers and publishers.
11. Online trading course and seminar promoter 'gurus'.
In other words: Forex traders support the profits and living of all the above groups from they hard earned paychecks (or pension, heritage, business proceeds, etc.).
Conclusion...? A logically thinking person would join one of the above 11 groups to make money by Forex.
The search is still on... Which tells a lot about the statistical chances of making a living from Forex PROFITS.
But who makes the REAL Forex profits then...?
1. Brokers and their licensing authorities.
2. Liquidity providers.
3. Metatrader and other trading platform provider companies.
4. IBs (introducing brokers).
5. VPS providers.
6. EA programmers.
7. 'Holy Grail' EA marketers and 'Holy Grail' signal providers.
8. Website hosts (of promoting EA marketers, signal providers and brokers).
9. Commercial banks, Skrill, etc. on fund transfer fees.
10. Trading book writers and publishers.
11. Online trading course and seminar promoter 'gurus'.
In other words: Forex traders support the profits and living of all the above groups from they hard earned paychecks (or pension, heritage, business proceeds, etc.).
Conclusion...? A logically thinking person would join one of the above 11 groups to make money by Forex.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Jun 05, 2015 at 08:26
Medlem sedan May 30, 2015
36 inlägg
Hi Mr. S.A.
I guess its possible make profit with forex for the regular guy.
Look, i am just a begginer and could managed myself, to make 12% in a day, in a demo account.
I admit that dont know what could happen with real money.
Good luck ppl!
I guess its possible make profit with forex for the regular guy.
Look, i am just a begginer and could managed myself, to make 12% in a day, in a demo account.
I admit that dont know what could happen with real money.
Good luck ppl!
Medlem sedan Oct 02, 2014
909 inlägg
forex_trader_29148
Medlem sedan Feb 11, 2011
1916 inlägg
Jun 05, 2015 at 14:36
Medlem sedan Feb 11, 2011
1916 inlägg
where did you learn your skills?
Jun 06, 2015 at 15:39
Medlem sedan Mar 06, 2015
46 inlägg
hey dude welcome in the traders gang lol happy trading good luck 😎
“The past can't hurt you anymore, not unless you let it.”
Medlem sedan Apr 25, 2012
285 inlägg
Jun 07, 2015 at 11:27
Medlem sedan Apr 25, 2012
285 inlägg
Welcome buddy , have nice stay at mfb.
This is the most cool fx website ever.
This is the most cool fx website ever.
Jul 08, 2015 at 06:07
Medlem sedan Jun 07, 2015
4 inlägg
hi how do i verify my trading privileges. thank you
forex_trader_264122
Medlem sedan Jul 21, 2015
7 inlägg
Jul 26, 2015 at 06:15
Medlem sedan Jun 20, 2012
4 inlägg
hello...i come from indonesia,nice to meet you.....
forex_trader_186239
Medlem sedan Apr 15, 2014
224 inlägg
Jul 26, 2015 at 11:41
Medlem sedan Apr 15, 2014
224 inlägg
FxMasterGuru posted:
It was more than 2 years ago when I started this thread: https://www.myfxbook.com/community/experienced-traders/5-average-monthly-profit-for/494885,34#?pt=2&p=1&ts=337&o=494885
The search is still on... Which tells a lot about the statistical chances of making a living from Forex PROFITS.
But who makes the REAL Forex profits then...?
1. Brokers and their licensing authorities.
2. Liquidity providers.
3. Metatrader and other trading platform provider companies.
4. IBs (introducing brokers).
5. VPS providers.
6. EA programmers.
7. 'Holy Grail' EA marketers and 'Holy Grail' signal providers.
8. Website hosts (of promoting EA marketers, signal providers and brokers).
9. Commercial banks, Skrill, etc. on fund transfer fees.
10. Trading book writers and publishers.
11. Online trading course and seminar promoter 'gurus'.
In other words: Forex traders support the profits and living of all the above groups from they hard earned paychecks (or pension, heritage, business proceeds, etc.).
Conclusion...? A logically thinking person would join one of the above 11 groups to make money by Forex.
That's a really good post indeed. I agree 100 %
There is one thing to be aware of for beginning traders : addiction. The casino players know very much about it. Forex, as a 90 % random game, is not an exception and human mind is in quite dangerous position most of the time. I would say the most important skill in trading is to control the addiction, it is a psychology of yourself and only you can deal with it, nobody can help you here.
Medlem sedan Oct 02, 2014
909 inlägg
Jul 26, 2015 at 21:23
Medlem sedan Oct 02, 2014
909 inlägg
Look009 posted:FxMasterGuru posted:
It was more than 2 years ago when I started this thread: https://www.myfxbook.com/community/experienced-traders/5-average-monthly-profit-for/494885,34#?pt=2&p=1&ts=337&o=494885
The search is still on... Which tells a lot about the statistical chances of making a living from Forex PROFITS.
But who makes the REAL Forex profits then...?
1. Brokers and their licensing authorities.
2. Liquidity providers.
3. Metatrader and other trading platform provider companies.
4. IBs (introducing brokers).
5. VPS providers.
6. EA programmers.
7. 'Holy Grail' EA marketers and 'Holy Grail' signal providers.
8. Website hosts (of promoting EA marketers, signal providers and brokers).
9. Commercial banks, Skrill, etc. on fund transfer fees.
10. Trading book writers and publishers.
11. Online trading course and seminar promoter 'gurus'.
In other words: Forex traders support the profits and living of all the above groups from they hard earned paychecks (or pension, heritage, business proceeds, etc.).
Conclusion...? A logically thinking person would join one of the above 11 groups to make money by Forex.
That's a really good post indeed. I agree 100 %
There is one thing to be aware of for beginning traders : addiction. The casino players know very much about it. Forex, as a 90 % random game, is not an exception and human mind is in quite dangerous position most of the time. I would say the most important skill in trading is to control the addiction, it is a psychology of yourself and only you can deal with it, nobody can help you here.
Indeed, really useful, thank you for sharing.
Positivity
Jul 27, 2015 at 06:48
Medlem sedan Jul 15, 2015
52 inlägg
sdacapital posted:
Hello guys, i just joined myfxbook from Florida. Just connected my live account as well. Looking forward to make cool friends ! i trade eurusd only as part time. I have a full time job. BUT, if things work out i will be quitting :)
Welcome sdacapital and all new comers alike reading.
Florida is a great place. I wouldn't put your heart and soul into it or in other words I wouldn't give it your wallet and stress. Forex is the most liquidated market in the world, you can win virtually a unlimited sum of money but at the same time you can lose an unlimited sum if you keep depositing. And unfortunately while being in the business for 23 years I have seen too many people blow accounts and wipe out parts of them before any winning is to be done. People generally think they will become wealthy overnight which is not the case, nothing worth having comes easy. It is a trade like any other and can take years to learn before becoming consistently profitable and even at that you are always learning. You need to work on it constantly and give up things you enjoy doing.
Forex is also full of companies and individuals who are there only to take your hard earned cash and nothing else. Beware of scams and bucket shop brokers. There is no 100% guarantee that your money is safe make sure you use a broker who is either regulated by the FCA or ASIC from my experience these two are arguably the toughest regulators in the business. Like some others have said in this post if you don't know your game it becomes gambling there is always a risk involved however your objective is to minimize that risk as much as possible.
In the end it is a worthy investment once you start to see consistent gains on your account as with the money lying dormant in the bank inflation eats away at it everyday.
Hope this helps.
Jul 27, 2015 at 06:53
Medlem sedan Jun 07, 2015
90 inlägg
nobody can help you ..... very very true. People and acquaintances are great, different ideas and conversations are even better, but at the end of the day, YOU are your OWN worst enemy and only YOU can save yourself.
I knew the moment I started doing this that I was going to learn a whole lot more about myself than I have learned about anything. It isn't easy, but nothing ever is, and you just have to figure it out or move on.
Great Post
I knew the moment I started doing this that I was going to learn a whole lot more about myself than I have learned about anything. It isn't easy, but nothing ever is, and you just have to figure it out or move on.
Great Post
Everything in the market is like a fart, if you have to force it, it is probably shit
Medlem sedan Oct 02, 2014
909 inlägg
Aug 09, 2015 at 16:32
Medlem sedan Oct 02, 2014
909 inlägg
Absolutely, a must do for everyone who wants to learn trading!
Positivity
Medlem sedan Jan 06, 2015
16 inlägg
Aug 16, 2015 at 06:17
Medlem sedan Jan 06, 2015
16 inlägg
tokolosh posted:
hi how do i verify my trading privileges. thank you
Verifying my track record (MetaTrader 4)
Since performance can be easily manipulated with MetaTrader accounts, we have created an automatic verification system.
The verification system will automatically check and eliminate any discrepancies, restore missing data, and recalculate your account.
This is done simply by supplying us with your MetaTrader investor password (Note: This is a read-only password to your account!) and server name - then our systems will connect directly to your broker several times a day to verify your results.
Trades which were deleted by your broker cannot be verified, so other metrics such as profit, balance, deposits and more are used to verify your account.
If you're not sure to which server your platform connects, just go to the login panel in your MetaTrader:
MetaTrader Server
If your server is not in the server list, please let us know.
In the account settings form in Myfxbook, you can select the server and input your investor password:
Myfxbook account Verification
Please allow up to 2 hours for your account to be verified - if not verified within the stated time frame and you have double checked your investor password to be correct, please contact us.
Click the 'Connect' button to complete the verification. If successful, you'll notice your system will change its status from non-verified to verified:
Verification Complete
Also note, that your system will not be shown in the systems page until it is verified!
Verifying my trading privileges (MetaTrader 4)
Since users can publish an account which is not theirs using the investor password, another verification system is used.
In your account settings form, you can find in the verification section an 'Authorization Password':
Verify Example
Please change your investor password to the authorization password, so we can verify you have trading privileges for the account in question.
MetaTrader Verification
After changing the investor password for your MetaTrader 4 account, please update the 'Investor Password' field.
Verify Example
Click the 'Connect' button to complete the verification. If successful, you'll notice your system will change its status from non-verified to verified:
MetaTrader Verification Complete
Myfxbook Account Privileges
This verification process ensures that you are actively trading the account and not using someone's investor password. However, this check is relying on the fact that your account's password wasn't stolen! In such case, please contact us.
Verifying my trading privileges (MetaTrader 4) - Option 2
This step requires you to provide us with the investor password!
In your account settings form, you can find in the verification section an 'Authorization Password':
Verify Example
Open a pending order in your account with the key as the comment of the order.
MetaTrader Verification
Tip: Use price that is not likely to be encountered so the order won't be triggered. You can safely cancel the order once the trading privileges are verified.
After placing the order, make sure it appears in your open orders list:
MetaTrader trade verification
When our systems will connect to your account using the provided investor password, it will search for the key - once found, your account will be verified for trading privileges.
Medlem sedan Jan 06, 2015
16 inlägg
Aug 16, 2015 at 06:17
Medlem sedan Jan 06, 2015
16 inlägg
sdacapital posted:
Hello guys, i just joined myfxbook from Florida. Just connected my live account as well. Looking forward to make cool friends ! i trade eurusd only as part time. I have a full time job. BUT, if things work out i will be quitting :)
Good luck my friend!
forex_trader_79670
Medlem sedan Jun 04, 2012
1 inlägg
Aug 16, 2015 at 08:24
Medlem sedan Jun 04, 2012
1 inlägg
FXTrader6789 posted:tokolosh posted:
hi how do i verify my trading privileges. thank you
Verifying my track record (MetaTrader 4)
Since performance can be easily manipulated with MetaTrader accounts, we have created an automatic verification system.
The verification system will automatically check and eliminate any discrepancies, restore missing data, and recalculate your account.
This is done simply by supplying us with your MetaTrader investor password (Note: This is a read-only password to your account!) and server name - then our systems will connect directly to your broker several times a day to verify your results.
Trades which were deleted by your broker cannot be verified, so other metrics such as profit, balance, deposits and more are used to verify your account.
If you're not sure to which server your platform connects, just go to the login panel in your MetaTrader:
MetaTrader Server
If your server is not in the server list, please let us know.
In the account settings form in Myfxbook, you can select the server and input your investor password:
Myfxbook account Verification
Please allow up to 2 hours for your account to be verified - if not verified within the stated time frame and you have double checked your investor password to be correct, please contact us.
Click the 'Connect' button to complete the verification. If successful, you'll notice your system will change its status from non-verified to verified:
Verification Complete
Also note, that your system will not be shown in the systems page until it is verified!
Verifying my trading privileges (MetaTrader 4)
Since users can publish an account which is not theirs using the investor password, another verification system is used.
In your account settings form, you can find in the verification section an 'Authorization Password':
Verify Example
Please change your investor password to the authorization password, so we can verify you have trading privileges for the account in question.
MetaTrader Verification
After changing the investor password for your MetaTrader 4 account, please update the 'Investor Password' field.
Verify Example
Click the 'Connect' button to complete the verification. If successful, you'll notice your system will change its status from non-verified to verified:
MetaTrader Verification Complete
Myfxbook Account Privileges
This verification process ensures that you are actively trading the account and not using someone's investor password. However, this check is relying on the fact that your account's password wasn't stolen! In such case, please contact us.
Verifying my trading privileges (MetaTrader 4) - Option 2
This step requires you to provide us with the investor password!
In your account settings form, you can find in the verification section an 'Authorization Password':
Verify Example
Open a pending order in your account with the key as the comment of the order.
MetaTrader Verification
Tip: Use price that is not likely to be encountered so the order won't be triggered. You can safely cancel the order once the trading privileges are verified.
After placing the order, make sure it appears in your open orders list:
MetaTrader trade verification
When our systems will connect to your account using the provided investor password, it will search for the key - once found, your account will be verified for trading privileges.
Thanks for the reply and apologies for the late acknowledgement.........not logged in for some tim
Toko
Medlem sedan Oct 21, 2014
19 inlägg
Aug 22, 2015 at 13:28
Medlem sedan Oct 21, 2014
19 inlägg
sdacapital posted:
Hello guys, i just joined myfxbook from Florida. Just connected my live account as well. Looking forward to make cool friends ! i trade eurusd only as part time. I have a full time job. BUT, if things work out i will be quitting :)
Hello there and welcome! Best wishes for you in your trading future and happy forexing ;-) Ciao
There is no such thing as failure, just valuable experiences.
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