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What do you wish to achieve through forex?
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dkilmer

Member Since Jun 07, 2015  90 posts FSM (dkilmer) May 20 2016 at 16:49
FxMasterGuru posted:
'...the final results of the study yielded that over a four-year period (2009-2012), the percentage of investors experiencing losses came in at 89%. The average loss of a customer during this period was $13,800 (€10,900).

In the four years combined, a total of 13,224 customers experienced aggregate losses of nearly $220 million (€175 million), with the remaining 1,575 customers earning a combined $17.51 million (€13.8 million).'

Full article: https://www.financemagnates.com/forex/analysis/amf-publishes-four-year-fx-study-89-of-investors-experiencing-losses/#sthash.ID5Rlr4w.dpuf

1. I have to assume that the 89% who have lost an average of $14k were probably not too dumb... Still they have ended up as losers.

2. On the other hand the lucky 11% has made an average of $11k profit during the same 4-year period, which is $5k per year...

Well, that is the reward (i.e. $5k per year) for becoming a Top 10% trader...! I guess even McDonalds pays higher yearly salaries...


question is, what are YOU trying to achieve?

I really don't see the point of the article, other than to maybe scare possible clients into putting their capitol into a fund rather than trading it themselves...... I mean, the whole part about this being a zero sum event, where competition is everything, and longevity calculates your ability to stay in business , is kind of obvious. No one is walking into this making millions without even trying. Obviously, if anything is actually easy, everyone would be doing it....... yada yada yada.
So, instead of trying to make it sound like it is useless to even try or to study, what in the heck are you doing here???? Why are you in the markets? How has your five years of experience taught you, and if you are such a cynic , why are you still trying to trade?

Seriously, I am curious

Everything in the market is like a fart, if you have to force it, it is probably shit
vic84

Member Since Jun 07, 2013  17 posts vic84 May 23 2016 at 07:09
Most of the people are trading because they are looking for a part time job or they sre looking where they can invest and earn extra, its all about earning more money than any other thing.

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 May 25 2016 at 08:29
True, we're all looking for profit. Forex trading also provides an intellectual exercise, the opportunity to meet new like-minded people, etc. but the profit is the most important reason.

wiseinvest

Member Since Mar 18, 2016  127 posts wiseinvest May 25 2016 at 08:46
We are all here, looking for that one thing which can solve 90% of our problems, money, and lots of it..

My accounts will ALWAYS show high DD. This is done purposely to maximize our withdrawals every week.
togr

Member Since Feb 22, 2011  4443 posts vontogr (togr) May 25 2016 at 10:03
mlawson71 posted:
True, we're all looking for profit. Forex trading also provides an intellectual exercise, the opportunity to meet new like-minded people, etc. but the profit is the most important reason.


You can have adrenaline ride as well trading big amounts but usually this coincide with profit:)

I like what I trade, I trade what I like
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 May 26 2016 at 10:10
togr posted:
mlawson71 posted:
True, we're all looking for profit. Forex trading also provides an intellectual exercise, the opportunity to meet new like-minded people, etc. but the profit is the most important reason.


You can have adrenaline ride as well trading big amounts but usually this coincide with profit:)


:D In my case the adrenaline ride usually coincides with losing money. I am generally just calm - or pleased - when I am profiting.

Atron100

Member Since Apr 10, 2016  6 posts Atron100 Jun 01 2016 at 06:46
my task, to develop simple and steady strategy for some additional income.

dkilmer

Member Since Jun 07, 2015  90 posts FSM (dkilmer) Jun 01 2016 at 13:40
Atron100 posted:
my task, to develop simple and steady strategy for some additional income.


Welcome to the Club :)

Everything in the market is like a fart, if you have to force it, it is probably shit
Atron100

Member Since Apr 10, 2016  6 posts Atron100 Jun 01 2016 at 14:18
dkilmer posted:
Atron100 posted:
my task, to develop simple and steady strategy for some additional income.


Welcome to the Club :)


yep thanks.

i'm studying MQL4 and Zorro project lite-C script for developing strategy

dkilmer

Member Since Jun 07, 2015  90 posts FSM (dkilmer) Jun 02 2016 at 06:16
programming language will not teach you or facilitate you in your strategy developing. Programming languages are for programming, not strategy .
What are you doing in the way of developing strategy? I suggest getting formerly educated, 2ndskies.com or claytrader.com or something that rings true to you. There are educational systems and reviews on forexpeacearmy.com

Everything in the market is like a fart, if you have to force it, it is probably shit
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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.