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With my knowledge of forex I reckon I could make 100K out of 200K in heaps less than a year.
How hard is it to make $100k-$200k in forex?
- Thread starter ptony1948
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Unreal ,How do all you guys ever get anywhere in life?
Thanks CFD You got it pretty much spot on .... it was a tremendous welcome ,however it doesnt bother me at all ,as at the end of the day i dont have to prove anything to anyone and have no intention of doing so . I only help positive people as they help themselves..
Guess i came on here to chat with like minded people and yes to help those battling for free ,however never expecting the amount of negativity and agressiveness that surrounds the FX markets and the people that trade them .
It would seem every one on here has been burned or in the process of loosing money .Thats how it goes to start , have been there done that and divorced as well to add to it..
Well all i can say is guys, i do it , it can be done ,so instead of knocking those that do, have a good look at yourself and why you are so bitter and disolusioned and help yourself, as i am definitely not going to offer any assistance after todays replies.
I wish you guys all the best for the New Year , maintain a positive attitude or u will never achive anything from trading..
Good Luck
Mark Hills
Thanks CFD You got it pretty much spot on .... it was a tremendous welcome ,however it doesnt bother me at all ,as at the end of the day i dont have to prove anything to anyone and have no intention of doing so . I only help positive people as they help themselves..
Guess i came on here to chat with like minded people and yes to help those battling for free ,however never expecting the amount of negativity and agressiveness that surrounds the FX markets and the people that trade them .
It would seem every one on here has been burned or in the process of loosing money .Thats how it goes to start , have been there done that and divorced as well to add to it..
Well all i can say is guys, i do it , it can be done ,so instead of knocking those that do, have a good look at yourself and why you are so bitter and disolusioned and help yourself, as i am definitely not going to offer any assistance after todays replies.
I wish you guys all the best for the New Year , maintain a positive attitude or u will never achive anything from trading..
Good Luck
Mark Hills
wayneL
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Only have an answer for number 1 - Mrs Frink
I have obviously failed to train Mrs wayneL adequately.
I can make a horse do any circus trick I want.... women, I am putty. LOL
wayneL
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Its the hardest market along with options to trade (not that any are easy), there was an explosion of firms offering forex and some with very little required in your account, they also spouted the so called "no brokerage" trading which sucked alot of people in many with small accounts, most would have done there dough.Like any job, trading takes time and time to learn and gain experience, also needs to be well capitalised to succeed, you do get the odd person making $$$$$$$$$$$ from a very small account in the beginning but these people are few and far between.
Trading in my experience is a famine or a feast, i only trade futures and in the last 5 years i have had 3 years of triple digit returns (2005, 2007, 2008) and 2 years of not much at all or nothing (2006), in 2009 i made a whopping 7%
but 2008 returned over 200% To return $100K - $200K in any market you really need over $250K and its still a big ask plus if your trading full time you will still need to draw on your account for living expenses so in a bad run your going to struggle especially mentally, yes it can be done though but you really need the groundwork and experience before even contemplating it.
wayneL
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Firstly - Is it possible to turn $10k into $100K in a year?
Of course.
Is it possible to turn $10k into $1mill in a year?
Yes, it's possible.
But as traders we deal in probabilities.
How probable is it to do the above?
If possible, can it be taught?
As ever, the actual statistics prove an invaluable guide.
My advice to anyone is to consult the stats.
Of course.
Is it possible to turn $10k into $1mill in a year?
Yes, it's possible.
But as traders we deal in probabilities.
How probable is it to do the above?
If possible, can it be taught?
As ever, the actual statistics prove an invaluable guide.
My advice to anyone is to consult the stats.
Trembling Hand
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BS. Not only is this guy full of it he seems to be selling a course in Australia without an Australian Financial Services license to do so.
SCAM. in that regard at a minimum.
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blessya
wayneL
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Yay! TH is back. Missed ya, mate.
Though I haven't been around much myself anyways.
Though I haven't been around much myself anyways.
Trembling Hand
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Just passing by my friends. Will not be around much this year either. Got some real money to swing around cannot spend all day outing scammers, big time paper traders & the deluded when there's money just lying all over the place.
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TH,
How's the KOSPI going? Or are you partners with Paul Rotter now?
I found a moneytree in FX. Been busy pruning it.:
How's the KOSPI going? Or are you partners with Paul Rotter now?
I found a moneytree in FX. Been busy pruning it.
:
Trembling Hand
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TH,
How's the KOSPI going? Or are you partners with Paul Rotter now?
I found a moneytree in FX. Been busy pruning it.
Haven't got that far yet on the KOSPI. Mostly HSI but "discovered" the deep and delicious CL (Crude)
Good one on the FX game. Its exciting when it all clicks together. And never mind if it doesn't you can always move on to scamming people with $15500 course
wayneL
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...but "discovered" the deep and delicious CL (Crude)
If I hadn't sacrificed my powers of concentration to the liquid amber, I wouldn't trade anything but on an intraday basis.
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Haven't got that far yet on the KOSPI. Mostly HSI but "discovered" the deep and delicious CL (Crude)
he he, it is a delicious discovery that one!
Iceberg city!
WayneL, agreed 100%, I would do the same if I had the stomach to swing for the rafters in the pit session and it didn't give me insomnia!
Still, there are a few juicy trades in the day (Asian) session if you ignore the spread and thin vol and hit it hard when the time is right!
You're suggesting that performance expectation is limited to 40-80%?
Trembling Hand
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Considering people do this to take money not just build it up and the need to pay tax and holiday etc. Not even considering the MANY MANY dry patches and even the MANY months where you go backwards are you saying that a long term trader can achieve a much higher return over the long run (greater than 5 years)?
Trembling Hand
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Well you have to talk long term. You wouldn't take a job if the employer said I'm going to pay you 100K per year but it may average 40K over 5 years. There is no point taking 6 months results and thinking thats what your next 5 years are going to be like.
I thought Pages post was a good one. One from an experienced trader. "famine or a feast" is exactly what I see as a trader. You have to run your business like that. Always stashing the acorns away for winter. As soon as you start smokin' the market I can guarantee you that market is about to change and you will have to re-learn your approach. You better have a good pile of acorns to get you through. These periods will pull you avg yearly return down big time.
(who the hell would want to be a trader with all that bother :freak3
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