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Arrogant advice

Mike (mikeclarkemc21)
Jun 04 2017 at 06:50
1 posts
There are so many courses out there though, sucking people in. The right training is out there and it can be found for free.

mike.clarke.mc21@
Gabor33
Jun 04 2017 at 07:11
49 posts
togr posted:
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...


Probably all the currently successful traders got a similar arrogant advice at the begining of their journey in trading, and yet, they still became succesful anyway in the end.
We cannot achieve anything without trying. Like with everything else in our life, instead of lining up COUNTLESS EXCUSES why we CAN`T, we have to focus on finding ONE SOLUTION how we CAN. Living life without trying, even if the odds are not on our side, is like waiting for death in silence.

vontogr (togr)
Jun 05 2017 at 06:56
4862 posts
Gabor33 posted:
togr posted:
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...


Probably all the currently successful traders got a similar arrogant advice at the begining of their journey in trading, and yet, they still became succesful anyway in the end.
We cannot achieve anything without trying. Like with everything else in our life, instead of lining up COUNTLESS EXCUSES why we CAN`T, we have to focus on finding ONE SOLUTION how we CAN. Living life without trying, even if the odds are not on our side, is like waiting for death in silence.


You are partially right but many traders just start trading real account without almost any preparation or knowledge.
So for this majority it is better to keep at least half of funds.

rob559
Jun 06 2017 at 06:43
1916 posts
one thing good traders have in commun is resiliency and stubrurness

danas76 (danas76)
Jun 14 2017 at 06:11
18 posts

now 80% loss and 20% gain, every years more traders gain money in forex

vontogr (togr)
Jun 14 2017 at 14:46
4862 posts
danas76 posted:

now 80% loss and 20% gain, every years more traders gain money in forex

where get you such numbers?

LogiBear
Jun 15 2017 at 05:57
9 posts
I still think it is 95-99% lose money. Not many traders on this forum making big bucks

vontogr (togr)
Jun 15 2017 at 10:15
4862 posts
danas76 posted:

now 80% loss and 20% gain, every years more traders gain money in forex

Regardless of the reason, very few people who wanted to trade actually become successful. Whether they took other jobs, didn’t feel they got adequate training, or just didn’t make enough money isn’t really the point. They came to trade, but ultimately left with nothing in their pockets while people sitting next to them continued to make money. To me that is the real statistic. Whether you’re lured away, your spouse convinces you not to do it, success doesn’t happen as quickly as you want it, you hit a string of bad luck…the excuse doesn’t matter; the cold hard number is that only about 4.5% (the half way point of 4% and 5% concluded above) of traders who start day trading will end up being able to make something of it.

Capital Hedging (Forex_Villa)
Jun 16 2017 at 06:25
29 posts
togr posted:
danas76 posted:

now 80% loss and 20% gain, every years more traders gain money in forex

Regardless of the reason, very few people who wanted to trade actually become successful. Whether they took other jobs, didn’t feel they got adequate training, or just didn’t make enough money isn’t really the point. They came to trade, but ultimately left with nothing in their pockets while people sitting next to them continued to make money. To me that is the real statistic. Whether you’re lured away, your spouse convinces you not to do it, success doesn’t happen as quickly as you want it, you hit a string of bad luck…the excuse doesn’t matter; the cold hard number is that only about 4.5% (the half way point of 4% and 5% concluded above) of traders who start day trading will end up being able to make something of it.



Heard this somewhere before. The same exact words. But hey, I gonna keep trying. Hopefully achieving something.

Don't panic over drawdown, instead manage it !!
Mohammadi
Nov 16 2017 at 15:30
886 posts
A number of novice traders start their live trading too earlier before completing their task in demo! That’s the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!

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