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What do you wish to achieve through forex?
Členom od Feb 10, 2019
54 príspevkov
May 04, 2019 at 18:33
Členom od Feb 10, 2019
54 príspevkov
I want to pay my mortgage off early - how boring zzzzzzzz
Členom od Feb 07, 2019
34 príspevkov
May 07, 2019 at 10:54
Členom od Feb 07, 2019
34 príspevkov
ScottyCarsonMVP posted:
I want to pay my mortgage off early - how boring zzzzzzzz
Sounds good to me!
forex_trader_565984
Členom od Oct 08, 2018
144 príspevkov
May 07, 2019 at 13:32
Členom od Oct 08, 2018
144 príspevkov
No one wants to become a millionaire or billionaire through forex trading?
Členom od Apr 23, 2019
32 príspevkov
May 13, 2019 at 06:09
Členom od Apr 23, 2019
32 príspevkov
This is a lesson I wish I had learned earlier. Excessive leverage can ruin an otherwise profitable strategy.
Let's say I had a coin that when heads was hit, you would earn $2, but when tails was hit, you would lose $1. Would you flip that coin? My guess is absolutely you would flip that coin. You'd want to flip it over and over. When you have a 50/50 chance between making $2 or losing $1, it's a no-brainer opportunity that you'd accept.
Now let's say I have the same coin, but this time if heads is hit, you would triple your net worth; but when tails was hit, you would lose every possession you own. Would you flip that coin? My guess is you would not because one bad flip of the coin would ruin your life. Even though you have the exact same percentage advantage in this example as the example above, no one in their right mind would flip this coin.
The second example is how many Forex traders view their trading account. They go 'all-in' on one or two trades and end up losing their entire account. Even if their trades had an edge like our coin flipping example, it only takes one or two unlucky trades to wipe them out completely. This is how leverage can cause a winning strategy to lose money.
Let's say I had a coin that when heads was hit, you would earn $2, but when tails was hit, you would lose $1. Would you flip that coin? My guess is absolutely you would flip that coin. You'd want to flip it over and over. When you have a 50/50 chance between making $2 or losing $1, it's a no-brainer opportunity that you'd accept.
Now let's say I have the same coin, but this time if heads is hit, you would triple your net worth; but when tails was hit, you would lose every possession you own. Would you flip that coin? My guess is you would not because one bad flip of the coin would ruin your life. Even though you have the exact same percentage advantage in this example as the example above, no one in their right mind would flip this coin.
The second example is how many Forex traders view their trading account. They go 'all-in' on one or two trades and end up losing their entire account. Even if their trades had an edge like our coin flipping example, it only takes one or two unlucky trades to wipe them out completely. This is how leverage can cause a winning strategy to lose money.
Členom od Apr 29, 2019
9 príspevkov
May 13, 2019 at 08:01
Členom od Apr 29, 2019
9 príspevkov
Searman posted:i know, i have invested in various sectors and diversify it as much as possible.harnick posted:
i wish to achieve- my kid's college funds and no debt.
Sweet but forex might eat you up. You need to be very careful with the limited funds you have. try diversify in the ranges of risk.
Členom od Jun 10, 2019
2 príspevkov
Jun 10, 2019 at 09:52
Členom od Jun 10, 2019
2 príspevkov
I want to make so much money so that I can visit the best places of this world, with complete luxuries 😄
Členom od Jun 08, 2019
4 príspevkov
Jun 10, 2019 at 10:45
Členom od Jun 08, 2019
4 príspevkov
I only wish to be a professional trader that can make 80% win and 20% loss. All I want to be in forex field is just a Professional trader but what I lacks now is a grate tutor.
forex_trader_436974
Členom od Jun 13, 2017
49 príspevkov
Jun 10, 2019 at 15:25
Členom od Jun 13, 2017
49 príspevkov
For me it's all about freedom. I can choose to work *if* I want, but I don't have to. I can go fishing or golfing every day if I want to.
Členom od Jun 29, 2019
65 príspevkov
Jul 06, 2019 at 12:38
Členom od Jun 29, 2019
65 príspevkov
Though forex is hard, it is not that forex trader should afraid of future income, trading risks and losses due to uncertainties associated with forex. Yes, every business has many uncertainty factors which a merchant needs to cope with. Similarly a trader must try to realize that everything has a start and he should start his business of currency exchange with legal and authentic broker that will provide adequate service with safety.
Členom od Jul 09, 2019
26 príspevkov
Aug 05, 2019 at 07:15
Členom od Jul 09, 2019
26 príspevkov
Everyone comes to the Forex market for a reason, either to become professional trader or solely for entertainment. I wish to become expert of Forex trading and know all the technicalities,risk management and to cope with emotions come while trading.
Členom od Aug 05, 2019
50 príspevkov
Sep 03, 2019 at 05:54
Členom od Aug 05, 2019
50 príspevkov
More money and knowledge to become an excellent trader.
Členom od Sep 03, 2019
10 príspevkov
Sep 03, 2019 at 11:05
Členom od Sep 03, 2019
10 príspevkov
Big money helps. It gives you confidence, time and you can use lower leverage. As with all things in life, those with money have an easier job of it than the rest of us
Členom od Aug 03, 2019
38 príspevkov
Sep 07, 2019 at 06:45
Členom od Aug 03, 2019
38 príspevkov
I love to trade in the forex markets. Every time i make a profit it boosts my mood, and i am able to work better on my job. My aim is to supplement my income, expand my earnings and do whatever i wish to do in life. And yes i believe it is definitely a way to become rich sooner or later.
Členom od Sep 11, 2013
4 príspevkov
Sep 08, 2019 at 02:34
Členom od Sep 11, 2013
4 príspevkov
Forex and commodities can be very exciting. But to me that is not the end goal. My end goal is to (-though forex-) over time have bought a sizeable portfolio of shares and own real estate. i wont be trading forex and commodities forever.
during the oil price fall last year. i started with $250 and through high risk(but following the major trend) kept putting in sell orders. one wednesday morning i woke up to the sound off all my sell orders being filled, it was exhilirating and confusing. thinking that i had made $2500 only to realise there was an extra zero at the end.
when that happened my carefully thought out strategy went out the window and i didnt take action. so the $25000 became $15000 which i promptly closed all positions and paid off a tonne of debt i had. but it could have been oh so much better if i had stuck to my strategy. but one lives and learns. have to learn to master your emotions.
My goal now is to make a consistent return on forex using just 1% of my capital per trade. to go from being able to pay rent and bills, to doing that and now buying shares and saving to buy a house. Nothing to expensive and flashy but enough so that i dont have loans and debt.
all this while still keeping my current job until i can truly attempt it full time when my account size is large enough.
during the oil price fall last year. i started with $250 and through high risk(but following the major trend) kept putting in sell orders. one wednesday morning i woke up to the sound off all my sell orders being filled, it was exhilirating and confusing. thinking that i had made $2500 only to realise there was an extra zero at the end.
when that happened my carefully thought out strategy went out the window and i didnt take action. so the $25000 became $15000 which i promptly closed all positions and paid off a tonne of debt i had. but it could have been oh so much better if i had stuck to my strategy. but one lives and learns. have to learn to master your emotions.
My goal now is to make a consistent return on forex using just 1% of my capital per trade. to go from being able to pay rent and bills, to doing that and now buying shares and saving to buy a house. Nothing to expensive and flashy but enough so that i dont have loans and debt.
all this while still keeping my current job until i can truly attempt it full time when my account size is large enough.
Členom od Oct 07, 2019
39 príspevkov
Oct 17, 2019 at 06:45
Členom od Oct 07, 2019
39 príspevkov
To generate more money to lead a lavish life.
Členom od Oct 21, 2019
32 príspevkov
Oct 24, 2019 at 09:50
Členom od Oct 21, 2019
32 príspevkov
I wish to become a millionaire through Fx trading. Lol! Nonetheless as most traders here I hope it adds to my income substantially overtime.
Členom od Aug 27, 2017
994 príspevkov
Oct 30, 2019 at 16:03
Členom od Aug 27, 2017
994 príspevkov
Hope you are focusing on your trading process; nothing is impossible here when you are trading with a good trading knowledge!
Členom od Oct 04, 2015
26 príspevkov
Dec 22, 2019 at 23:38
Členom od Oct 04, 2015
26 príspevkov
trendfollowers posted:
This is a just thread where we can all build castles in the sky..Tell us what you want to achieve through forex..
I want to achieve a steady passive income through forex where I can quit the regular 40 hour a week shift
forex_trader_688163
Členom od Feb 28, 2019
140 príspevkov
Dec 24, 2019 at 01:11
Členom od Feb 28, 2019
140 príspevkov
aa33030 posted:Most of us here sure have the same target, which are we searching for Financial Freedom.
I want to achieve a steady passive income through forex where I can quit the regular 40 hour a week shift
Členom od Dec 18, 2019
38 príspevkov
Dec 25, 2019 at 17:02
Členom od Dec 18, 2019
38 príspevkov
Of course the Goal is always to make money.
Trender
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