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Can forex trading make you rich ?

Matt (BluePanther)
Oct 16 2018 at 07:43
1355 postów
togr posted:
Question remains the same
why did you delete the account from MFB and just share images?
https://www.myfxbook.com/community/trading-systems/ic-markets-real-313166/672170,6


Corrected. I have made my account public. Happy now? 😄

Matt (BluePanther)
Oct 16 2018 at 07:43
1355 postów
togr posted:
I do not understand why you post IMAGES of the account on the MFB which is about publishing the account...


I prefer a static image as opposed to a link to my Real account, since a snapshot will not change and better illustrates my point: forex can make you 'rich' ('rich' is very subjective though).

TRUE WEALTH
Gcharts
Oct 16 2018 at 08:55
32 postów
it can not only make you rich but it can make you very wealth if you treat it like a business and not some get rich quick .

vontogr (togr)
Oct 16 2018 at 13:54
4862 postów
BluePanther posted:
togr posted:
I do not understand why you post IMAGES of the account on the MFB which is about publishing the account...


I prefer a static image as opposed to a link to my Real account, since a snapshot will not change and better illustrates my point: forex can make you 'rich' ('rich' is very subjective though).


My point is why to share just couple of profitable trades
instead of seeing all stats like profit vs. dd etc...
Showing just couple of great trades is IMHO useless and not proving anything.

vontogr (togr)
Oct 16 2018 at 13:55
4862 postów
BluePanther posted:
togr posted:
Question remains the same
why did you delete the account from MFB and just share images?
https://www.myfxbook.com/community/trading-systems/ic-markets-real-313166/672170,6


Corrected. I have made my account public. Happy now? 😄


Got it
https://www.myfxbook.com/members/BluePanther/313166-v-i-made-it/882802
Not sure if you made -100 or +300%
Anyway it is your account do whatever you wish.

Załączniki:


Sevinj
Oct 16 2018 at 14:07
8 postów
BluePanther posted:
goyankees85 posted:
 Very nice demo result


Demo trading won't make you rich. My account is real.


Very funny!! A very good point. Demo traders love to criticize other peoples account but when you are trading for real, that is when it matters and everything changes

Imamul
Oct 16 2018 at 14:20
650 postów
When someone explained Forex trading is not easy , beginners feel embarrass and de motivated from here. Fx trading can be profitable if you can maintain the proper trading discipline.

Jon S (jsa1742)
Oct 16 2018 at 14:21
3 postów
Forex cannot make you rich. Only you can do that.

Matt (BluePanther)
Oct 17 2018 at 06:48
1355 postów
Imamul posted:
When someone explained Forex trading is not easy , beginners feel embarrass and de motivated from here. Fx trading can be profitable if you can maintain the proper trading discipline.


Correct. The market can only be 50% up or 50% down - that is better odds than the casino, sports betting or horses! And then you can improve your odds by looking at:
- Long-Term Support / Resistance levels
- Long-Term Overbought / Oversold
- 4H, Daily, Weekly charts
- favoring positive Swaps
- having PATIENCE to hold trades for a week or longer

The big money is to be made on the higher timeframes. PATIENCE is probably more important than any other skill required. That means in today's society with on-demand and instant gratification, many people suffer a lack of this.

Matt (BluePanther)
Oct 17 2018 at 06:49
1355 postów
jsa1742 posted:
Forex cannot make you rich. Only you can do that.


lol 😀 Forex is a means to an end: like business, or like an investment. It is a tool, that if used correctly one can make themself rich. If used incorrectly, one can suffer penury.

You are correct. 😎

Matt (BluePanther)
Oct 17 2018 at 06:50
1355 postów
I made money overnight on EURTRY, but I was coerced by my broker to close half my positions yesterday so I didn't make as much.
I had 670 Lots open and reduced it to 200 Lots to keep my account leverage at 500:1.
Even a good broker must protect itself - but I knew it was going down... eventually.
Sad to miss this profit... $1 million loss?? 😭



Załączniki:


Matt (BluePanther)
Oct 17 2018 at 06:53
1355 postów
togr posted:
My point is why to share just couple of profitable trades
instead of seeing all stats like profit vs. dd etc...
Showing just couple of great trades is IMHO useless and not proving anything.


Point of this thread: to answer the universal question 'can forex make you rich?'
Showing just a couple of great trades can prove this. It has value to others (perhaps not you).
I am proving to all that I made myself 'rich' (subjective) after many losses, and it is possible and took very little time. 😎

'From little things, big things grow.'

Peace.

Adribaasmet
Oct 17 2018 at 06:53
989 postów
Imamul posted:
When someone explained Forex trading is not easy , beginners feel embarrass and de motivated from here. Fx trading can be profitable if you can maintain the proper trading discipline.


Motivate or de motive is not issue, mate! Here, more than 90% traders are unable to make money; that’s the real scenario actually.

yellowman94
Oct 17 2018 at 07:08
41 postów
jsa1742 posted:
Forex cannot make you rich. Only you can do that.

wise words. 😐

Matt (BluePanther)
Oct 17 2018 at 10:10
1355 postów
Adribaasmet posted:
Motivate or de motive is not issue, mate! Here, more than 90% traders are unable to make money; that’s the real scenario actually.


Unable... yet. Only a question of:
- strategy employed
- broker used
- person's perseverance

Possible for all.

vontogr (togr)
Oct 17 2018 at 10:40
4862 postów
BluePanther posted:
togr posted:
My point is why to share just couple of profitable trades
instead of seeing all stats like profit vs. dd etc...
Showing just couple of great trades is IMHO useless and not proving anything.


Point of this thread: to answer the universal question 'can forex make you rich?'
Showing just a couple of great trades can prove this. It has value to others (perhaps not you).
I am proving to all that I made myself 'rich' (subjective) after many losses, and it is possible and took very little time. 😎

'From little things, big things grow.'

Peace.


...Showing just a couple of great trades can prove this...
Nope. Showing couple of great trades does mean nothing. It can even mean you actually lost much more on other trades.

Matt (BluePanther)
Oct 17 2018 at 13:41
1355 postów
togr posted:
...Showing just a couple of great trades can prove this...
Nope. Showing couple of great trades does mean nothing. It can even mean you actually lost much more on other trades.


I thought you supported the fact forex can make a person rich? You often cite yourself as an example!
Perhaps I was mistaken and you are another disbeliever?

As I have responded to others earlier, I say the same again to you:

BluePanther posted:

goyankees85 posted:
 Very nice demo result


Some people I work with say the same thing. For people like you, I suspect nothing could make you believe it is real - unless perhaps I paid off your house or gave it to you. I guess you are as jealous as you are forlorned at missing this oppotunity. Do not despair, if you believe and keep trying, you can succeed also. There will always be another opportunity. I wish you well.


But I might add: Yes, at times even I find it difficult to believe I have recovered all my losses of ten years ($500K+), plus more within less than two months!

'A man convinced against his will is twice of the same opinion still.'

AniLorak
Oct 17 2018 at 13:51
920 postów
yellowman94 posted:
jsa1742 posted:
Forex cannot make you rich. Only you can do that.

wise words. 😐


That’s absolutely true; here trader’s trading skill is the key! Which traders have a good trading skill; they can make handsome money smoothly. On the other hand, which traders are unable to do so I mean good trading skill, they suffer a lot in their live trading.

msmats
Oct 18 2018 at 11:33
8 postów
BluePanther posted:
togr posted:
My point is why to share just couple of profitable trades
instead of seeing all stats like profit vs. dd etc...
Showing just couple of great trades is IMHO useless and not proving anything.


Point of this thread: to answer the universal question 'can forex make you rich?'
Showing just a couple of great trades can prove this. It has value to others (perhaps not you).
I am proving to all that I made myself 'rich' (subjective) after many losses, and it is possible and took very little time. 😎

'From little things, big things grow.'

Peace.


I'm focusing on the thread:

Gain:+44.35%
Abs. Gain:+79.42%
Daily: 3.11%
Monthly: 44.35%
Drawdown: 3.19%

Great that drawdown is still kept at below 5%.
As the equity continue to grow, there is no intention to increase initial lot size 0.01 for both pairs (for time being). Hence, i expect drawdown to maintain at this level. Result: gradually reduce risk exposure.

My Target: to withdraw USD100k from USD1K... and here i come (still long way to wait...)


L3CAP
Oct 20 2018 at 14:08
264 postów
Nice work on recovering back all the losses!! Great result!

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