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Arrogant advice
Jun 01, 2017 at 06:10
Anggota Sejak Feb 22, 2011
4862 pos
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...
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...
Anggota Sejak Jan 06, 2014
24 pos
Jun 01, 2017 at 14:13
Anggota Sejak Jan 06, 2014
24 pos
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.
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.
Anggota Sejak Mar 28, 2017
12 pos
Jun 01, 2017 at 14:53
Anggota Sejak Mar 28, 2017
12 pos
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
Jun 02, 2017 at 08:37
Anggota Sejak Feb 22, 2011
4862 pos
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 :)
Anggota Sejak Jan 06, 2014
24 pos
Jun 02, 2017 at 08:49
(diedit Jun 02, 2017 at 08:51)
Anggota Sejak Jan 06, 2014
24 pos
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.
Jun 02, 2017 at 08:55
Anggota Sejak Feb 22, 2011
4862 pos
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.
Jun 02, 2017 at 11:24
Anggota Sejak Feb 22, 2011
4862 pos
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...
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...
Jun 04, 2017 at 06:23
Anggota Sejak Dec 09, 2016
15 pos
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.
Anggota Sejak Apr 15, 2017
1 pos
Jun 04, 2017 at 07:11
Anggota Sejak Dec 09, 2016
49 pos
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.
Jun 05, 2017 at 06:56
Anggota Sejak Feb 22, 2011
4862 pos
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.
Jun 15, 2017 at 10:15
Anggota Sejak Feb 22, 2011
4862 pos
danas76 posted: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.
now 80% loss and 20% gain, every years more traders gain money in forex
Anggota Sejak Feb 03, 2017
29 pos
Jun 16, 2017 at 06:25
Anggota Sejak Feb 03, 2017
29 pos
togr posted:danas76 posted: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.
now 80% loss and 20% gain, every years more traders gain money in forex
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 !!
Nov 16, 2017 at 15:30
Anggota Sejak Aug 11, 2017
886 pos
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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