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vontogr (togr)
Jun 01 2017 at 06:10
4856 poster
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...

Baldo (BaldoN)
Jun 01 2017 at 12:43
522 poster
This is the statistic - 95% of traders are losing money and Market Makers are counting on that :)


Damien (Damien1881)
Jun 01 2017 at 14:13
24 poster
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.

Don't listen to and follow the BS online.
Telltale20
Jun 01 2017 at 14:53
12 poster
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

rob559
Jun 02 2017 at 08:35
1916 poster
for me losing money in 5 first years has been good learning base..when it hurts, this is the best way to become successfull ,in my case at least

vontogr (togr)
Jun 02 2017 at 08:37
4856 poster
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 :)

Damien (Damien1881)
Jun 02 2017 at 08:49
24 poster
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.
vontogr (togr)
Jun 02 2017 at 08:55
4856 poster
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.

vontogr (togr)
Jun 02 2017 at 11:24
4856 poster
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...

TeaFX
Jun 04 2017 at 06:23
15 poster
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.

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