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S I N V E S T (Minhsonkts)
Aug 14 2019 at 14:07
3 сообщений
macdoug posted:
Gowaletasia posted:
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?

I have traded forex actively for more than 10 years. I traded almost everyday with occasional breaks after losing. I turned a small demo account into a multi million dollar account before going live with 10k borrowed funds. That was october 2005. I really believed I was some kind of genius and calculated I would be retiring by Christmas that same year. Worst case scenario was 100k up. I lost 5k in the first two weeks and another 5k by the third month. by the end of the first year I was down 20k.

 I never gave up, although I often wished I had never started. I got better and lost less as the years went by. I doubled a few accounts and even tripled one only to eventually lose most of my gains. This year, my 13th year of forex, I have doubled my money over 12 months with low risk. I have withdrawn my original stake so all money in my account is pure profit. I consider this a great achievement even though the entire forum at forex factory are profitable after a year or two

You opinion is not wrong. The stats don't lie and they are public now. Every quarter the brokers publish the stats and around 25% are profitable over 3 months. that number dwindles to 99% losers by the end of a year. Of course brokers have to market very aggressively to get new clients to replace the old. That is the business model of a broker

I believe with all the time and money I spent on forex trading, I could have much more easily trained myself to be a high earning professional and achieved a much better return for my efforts

I find it quite easy to take money from the market now with very low risk. I target 0.5% per day and regularly exceed this when a trend is in play like the recent fall in the Aussie dollar. However, there was never a guarantee this was going to happen. It was very close to a decade completely wasted. I was a very fit 40yo when I started in 2005. By my 50th birthday in 2014 I was obese and diabetic. I have lost the weight now and manage the diabetes well after learning a thing or two about discipline but it really wasn't worth that price.

There are much better, more creative and constructive endeavours for you to pursue. Doctor, Lawyer, Scientist all take hard work, time and discipline but not as hard or as long or as disciplined as trading. If you are ever able to trade profitably, you will be beating most professional traders and hedge funds if you can get 10% per year. Consistent, double figure returns are achieved by only a few, elite traders. That means you are going to need a million dollar account to make a modest 100k. Find me one forex trader, who has made a fortune from a small account. If you achieve this, you will be the first, unless I beat you to it

Anyway thats my story. Im a happy man, I appreciate the valuable things in life like health and family. Trading takes hardly anytime at all now, somedays I'm done in minutes. I don't look forward to it, its not fun, I see it as a job to do but I do get satisfaction from being this good at something after trying so hard for so long.
Having said that, I wouldn't recommend forex to my worst enemy to be honest.

Good Luck

What you say sounds great. Thanks for the story you shared.
I am a Vietnamese trader, I have about 5 years of experience. I always feel respect for people like you.

Rosioe
Aug 15 2019 at 12:02
3 сообщений
I trading since 2 years, but only use automatic systems, I don't know if there is anyone in this forum who has 10 years' experience and regular profits for 10 years.

Wildbill
Aug 19 2019 at 12:49
35 сообщений
I started trading in 2005 and like you had some successes, some losses and periods of time when I got mad and didn't trade for months. By 2014, I decided I had to get into some program that had mentoring and worked with a system that was able to decode the methods of the Big Banks to talk to each other via the charts.

Starting with a small account, I have had profitable months in every month since June 2014. I am conservative in the amount of my trades and have a 88% winning percentage over thousands of trades. As you might assume, my profits have increased my original equity over twenty times since I don't take money out of my account except for expenses.

The secret is education. For years I thought I could beat the market with a high IQ and listening to traders, using miracle EAs, or various gurus/ WRONG.
You have to learn why and how the Big Boys structure the market. What is their next probable move within that structure. What is my entry point and exit point. Then do it all again every day;that is the way to consistent profits.

PROMAN (kimdeep)
Aug 19 2019 at 16:28
4 сообщений
last 5 year i do 90% win rate good so far the first year only 60%

Supernova18
Aug 20 2019 at 00:48
3 сообщений
Mahfuzur Rahman (mrahmanlinks)
Aug 21 2019 at 13:16
1 сообщений
vontogr (togr)
Aug 22 2019 at 07:25
4852 сообщений
It is not strange if you keep trading forex for 10+ years because you are profitable.
Let me rephrase the question, is there anybody trading for 10+ years and still losing money?
I would like to know your motivation:)

Michael (SNF_Complex)
Aug 22 2019 at 11:30
216 сообщений
togr posted:
It is not strange if you keep trading forex for 10+ years because you are profitable.
Let me rephrase the question, is there anybody trading for 10+ years and still losing money?
I would like to know your motivation:)


tranding like casino


no need motivation to trade ... :)

SNF-Complex system - build in 2007 \ Tested from 1970.
vontogr (togr)
Aug 23 2019 at 06:42
4852 сообщений
SNF_Complex posted:
togr posted:
It is not strange if you keep trading forex for 10+ years because you are profitable.
Let me rephrase the question, is there anybody trading for 10+ years and still losing money?
I would like to know your motivation:)


tranding like casino


no need motivation to trade ... :)


so do you trade 10 years and losing money?

bernice1000
Aug 27 2019 at 22:40
1 сообщений
SINVEST

I can't agree more to what you are saying.


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