Rating: Full Star Full Star Full Star Full Star Full Star
Arrogant advice
Previous 1 2 3 4 5 .. 7 Next
togr

Member Since Feb 22, 2011  4547 posts vontogr (togr) Jun 01 2017 at 06:10
Hi newbies,

take half of the money you have for trading and put them into trash.
take the remaining half and buy something nice for your family.

You still have better results than trying to trade.

Even though it sounds silly at the end do you know that 95% of traders are loosing money.
Isn't it better to spend at least half of it for good thing.
Just think about it for a while...

I like what I trade, I trade what I like
BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Jun 01 2017 at 12:43
This is the statistic - 95% of traders are losing money and Market Makers are counting on that :)


Damien1881

Member Since Jan 06, 2014  24 posts Damien (Damien1881) Jun 01 2017 at 14:13
Easy way to NOT be a part of the 95%.
Look at the traders sentiment on this site and do the opposite, I just checked my own trades and have gone against the majority, do the opposite to everything the Gurus teach and you can make it work.

Don't listen to and follow the BS online.
Telltale20

Member Since Mar 28, 2017  12 posts Telltale20 Jun 01 2017 at 14:53
But people trade based on the hope that they will become rich or financiall independent. This dream is what keeps them going. Some people do make it and with hard work and the right advice it can happen. I think better advice would be to recommend people try trading for 1 year using a micro account (with a fixed depoist) and if they are not making profit by the end of the year then they should give up

rob559

Member Since Feb 11, 2011  1916 posts rob559 Jun 02 2017 at 08:35
for me losing money in 5 first years has been good learning base..when it hurts, this is the best way to become successfull ,in my case at least

togr

Member Since Feb 22, 2011  4547 posts vontogr (togr) Jun 02 2017 at 08:37
Damien1881 posted:
Easy way to NOT be a part of the 95%.
Look at the traders sentiment on this site and do the opposite, I just checked my own trades and have gone against the majority, do the opposite to everything the Gurus teach and you can make it work.


It is not.
There is trader named @crazytrader propagating trading against the crowd
He did already wipe out all his accounts :)

I like what I trade, I trade what I like
Damien1881

Member Since Jan 06, 2014  24 posts Damien (Damien1881) Jun 02 2017 at 08:49 (edited Jun 02 2017 at 08:51 )
togr posted:
Damien1881 posted:
Easy way to NOT be a part of the 95%.
Look at the traders sentiment on this site and do the opposite, I just checked my own trades and have gone against the majority, do the opposite to everything the Gurus teach and you can make it work.


It is not.
There is trader named @crazytrader propagating trading against the crowd
He did already wipe out all his accounts :)


Was just an observation of my positions at the time, Like rob559, I struggled for over 5 years, now I do my own thing without outside influence. I agree that I'm wrong to have made such a statement.

Don't listen to and follow the BS online.
togr

Member Since Feb 22, 2011  4547 posts vontogr (togr) Jun 02 2017 at 08:55
Telltale20 posted:
But people trade based on the hope that they will become rich or financiall independent. This dream is what keeps them going. Some people do make it and with hard work and the right advice it can happen. I think better advice would be to recommend people try trading for 1 year using a micro account (with a fixed depoist) and if they are not making profit by the end of the year then they should give up


That is unfortunately advice I cannot recommend.
There is something called beginner's luck, so trading small account and being lucky could lead them to lose the big time.

I like what I trade, I trade what I like
togr

Member Since Feb 22, 2011  4547 posts vontogr (togr) Jun 02 2017 at 11:24
Also another advice. Might sound arrogant as well.
Dont buy anything - courses, lessons, membership, EAs.
The logic is very simple, if the trader is successful enough to trade for living then he is trading for living,
having no need to sell anything.
The ones who sell the staff are not the successful ones...

I like what I trade, I trade what I like
TeaFX

Member Since Dec 09, 2016  15 posts TeaFX Jun 04 2017 at 06:23
If I had a successful system I would sell it so that I could increase my fund. If my system made 50% a year with good risk management then even with a $10,000 account I could only make $5,000. That sucks. But if I sell 1000 system for $100 then I can massively increase my account to $100k and then make $50k a year from my system.

Previous 1 2 3 4 5 .. 7 Next
Loading
Loading
EURUSD 1.1017 GBPUSD 1.30204
USDJPY 109.207 USDCAD 1.31621

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.