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What do you wish to achieve through forex?

vontogr (togr)
Feb 29 2016 at 15:19
4862 комментариев
FXtrader2010 posted:
I try to make enough money so I can buy wine to drink !

Yeah, poor people has to drink old wines, eat mold cheese and drive cars without roof :)
trendfollowers
Feb 29 2016 at 15:23
276 комментариев
FXtrader2010 posted:
I try to make enough money so I can buy wine to drink !

Wine?! Not rum?!
If you want to go fast, go alone. If you want to go far..Go together..
FXtrader2010
Mar 01 2016 at 07:21
724 комментариев
trendfollowers posted:
FXtrader2010 posted:
I try to make enough money so I can buy wine to drink !

Wine?! Not rum?!
rum, beer, wine :)
mlawson71
Mar 01 2016 at 10:13
1487 комментариев
togr posted:

Well at some point you need to reach the decision stay in your day job with all the positive and negative or leave and trade for living.
It depends on your approach to life. I could say it was the best decision I have ever made.

Oh, you're absolutely right. I've been thinking about it for a while now, but I lack the courage and confidence to make that final step. I feel like I should be a bit more consistent in my making profits while trading before I do that, even though I can tell I am improving.
Lamirt
May 18 2016 at 06:20
11 комментариев
To become independent trader, to trade as professional and not as hobby. After it is done, I can think about some gains for living. I suppose it is better to concentrate on big goals stage by stage instead of climbing to the very top of sky-castle and then fall death after an unlucky trade :D
FSM (dkilmer)
May 18 2016 at 14:35
90 комментариев
I believe the greatest reward for all this hard work will be doing it full time and dropping my day job. I am a chef, and it is rewarding and well paid, but I spend a lot of time at the kitchen and not at home with my children. Of course, I would love more extra cash for fun things like hobbies and music, and enough to save to invest for the kids, but if all I could get was a job I could do from home, I would be most satisfied .

Everything in the market is like a fart, if you have to force it, it is probably shit
mlawson71
May 19 2016 at 09:43
1487 комментариев
dkilmer posted:
I believe the greatest reward for all this hard work will be doing it full time and dropping my day job. I am a chef, and it is rewarding and well paid, but I spend a lot of time at the kitchen and not at home with my children. Of course, I would love more extra cash for fun things like hobbies and music, and enough to save to invest for the kids, but if all I could get was a job I could do from home, I would be most satisfied .


You know, if you start trading professionally you'll probably be spending a lot of time in front of the charts too. Work is work, regardless of where you're doing it.
FSM (dkilmer)
May 19 2016 at 12:50
90 комментариев
mlawson71 posted:
dkilmer posted:
I believe the greatest reward for all this hard work will be doing it full time and dropping my day job. I am a chef, and it is rewarding and well paid, but I spend a lot of time at the kitchen and not at home with my children. Of course, I would love more extra cash for fun things like hobbies and music, and enough to save to invest for the kids, but if all I could get was a job I could do from home, I would be most satisfied .


You know, if you start trading professionally you'll probably be spending a lot of time in front of the charts too. Work is work, regardless of where you're doing it.

Clearly, you don't have kids and/or you don't know what it is like to work in a kitchen.

As I said, it would yield much more time with my kids and wife. Do I need to explain how, or can you figure it out on your own
Everything in the market is like a fart, if you have to force it, it is probably shit
BrentB
May 20 2016 at 08:00
1 комментариев
After going through the threat of redundancy and dodging that bullet last year, I decided to try a couple of other ventures that failed but led me to Forex trading. I've been practicing and learning as much as I can and am about to go live.
What do I want out of it.... To be able to replace what I am earning now with taking only 50% of the weekly profits. When I can do this and having a stable return, then I will look at replacing my day job and learn to live life and not work it!
FxMasterGuru (FxMasterGuru)
May 20 2016 at 13:27
1608 комментариев
'...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...

Is that what you wish to achieve through Forex...?
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
FSM (dkilmer)
May 20 2016 at 16:49
90 комментариев
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
May 23 2016 at 07:09
17 комментариев
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
May 25 2016 at 08:29
1487 комментариев
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
May 25 2016 at 08:46
127 комментариев
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.
vontogr (togr)
May 25 2016 at 10:03
4862 комментариев
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:)
mlawson71
May 26 2016 at 10:10
1487 комментариев
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.
Alexey (Atron100)
Jun 01 2016 at 06:46
10 комментариев
my task, to develop simple and steady strategy for some additional income.
FSM (dkilmer)
Jun 01 2016 at 13:40
90 комментариев
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
Alexey (Atron100)
Jun 01 2016 at 14:18
10 комментариев
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
FSM (dkilmer)
Jun 02 2016 at 06:16
90 комментариев
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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