Rating: Full Star Full Star Full Star Full Star Full Star
Arrogant advice
Previous 1 2 3 4 5 .. 7 Next
mikeclarkemc21

Member Since Apr 15, 2017  1 posts Mike (mikeclarkemc21) Jun 04 2017 at 06:50
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

Member Since Dec 09, 2016  45 posts Gabor33 Jun 04 2017 at 07:11
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.

togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Jun 05 2017 at 06:56
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.

I like what I trade, I trade what I like
rob559

Member Since Feb 11, 2011  1916 posts rob559 Jun 06 2017 at 06:43
one thing good traders have in commun is resiliency and stubrurness

danas76

Member Since Jun 04, 2017  18 posts danas76 (danas76) Jun 14 2017 at 06:11

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

togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Jun 14 2017 at 14:46
danas76 posted:

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

where get you such numbers?

I like what I trade, I trade what I like
LogiBear

Member Since Jun 14, 2017  9 posts LogiBear Jun 15 2017 at 05:57
I still think it is 95-99% lose money. Not many traders on this forum making big bucks

togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Jun 15 2017 at 10:15
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.

I like what I trade, I trade what I like
Forex_Villa

Member Since Feb 03, 2017  29 posts Capital Hedging (Forex_Villa) Jun 16 2017 at 06:25
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

Member Since Aug 11, 2017  664 posts Mohammadi Nov 16 2017 at 15:30
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!

Previous 1 2 3 4 5 .. 7 Next
Loading
Loading
EURUSD 1.10261 GBPUSD 1.30719
USDJPY 109.285 USDCAD 1.31473

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.