@trader121 You should really ask yourself if Forex is the right thing for you. With your current level of frustration and ignorance, you probably wont succeed. No offense. Its always the same. Somebody compares the average trader with hedgefunds. ...

Who has become rich trading forex?

I would really like to know how do u come to this conclusion. As far as i know in most of the times on the majors, there is no big problem to get 100 lots(10M$) filled. Dont forget we are talking about the most liquid market. So the strategys you ...

20% per month. Is this possible?

No its not... I am suprised that this bullshit is being spread over and over again. 1. to less capital Trading with micro..nanolots or Oanda (no lots at all) there is no reason to say this. the absolute trading size has NO influence on losing or ...

The 95% of losers, it's true?

Despite the fact that once should consider using an ECN-Broker, what has slippage to do with Stop fishing?

Why do you want to be Rich?

I know what hanover is talking about. Thats the reason I pointed out the difference between "easy" and "fast". For sure its not easy. But what are "incredible" return, what are "Realistic ROI"? 10%/100%/1000% per Year? per Month? per Week? There are ...

Why do you want to be Rich?

there is a difference between "get rich quick" and "get rich easy". Get rich easy isnt possible, but getting rich quick is possibly, indeed. It is because FX market is very scalable. If you can take out 5% ROI per Week on 1000$ you can do the same ...

Why do you want to be Rich?

Freedom

Why do you want to be Rich?

Yes sure it's a proposal. But they can't change what they want. They excluded FX for a reason. Quote out of proposal "Also, currency transactions on spot markets are outside the scope FTT, which preserves the free movement of capital." To the ...

Tobin Tax Effect on Forex

In times of micro/nanolots and Oanda where you can trade entirely every size, account size doesn't matter. Whats more important than the actual account size, is how much do you risk per trade in percentage (%). Thats the only thing that matters. But ...

Does having adequate account size help make a success?

Sure, statisctics are irrelevant for individuals. but the thing is. If it's nearly impossible to trade profitable ( and I've higher chances winning the lottery than succeed in trading, stated by the poster you linked), than why should I spend my ...

The 95% of losers, it's true?

@nubcake Ok, I got your point. You're right that the low barrier entry of forex is increasing the failure rate. So important questions are: -are the failure rate at futures the same (requieres at least more funds to get in the game)? -is in harder ...

The 95% of losers, it's true?

@nubcake thanks for answering. It's not me who's so vehement insisting on this number. It's so many other people always talking about this 95-99% number. I heard the average failure rate in most business is about 80%. That is near to the numbers I ...

The 95% of losers, it's true?

I suggest you to read the threadtitle again Have found various statistics that 80-85% of traders lose. If it's been al covered before than please show me one single statistic/research for this 95% number. You won't find one. Its people like you ...

The 95% of losers, it's true?

@hanover "That's assuming we include everybody who opens an account, and takes into account all of the dodgy MMs that will eventually fail." And thats the point, so what if we: -exclude all the stupid dreamers with their martingale MM or stupid 99$ ...

The 95% of losers, it's true?

@TS owl & hanover I am totally aware of the problem with the numbers published by traders. Yes, they are maybee not true, but you always have the problem with statistics. My intention to post it was merely, that i'm annoying by everytime people ...

The 95% of losers, it's true?

No the number of 95% is not true. It spread over the forum and gets quoted dozend times without asking if it has a solid base. The number of profitable traders is about 25%-40%~ source? url url

The 95% of losers, it's true?

ignore him, i've already told him that the EU draft excludes Spot Forex, what can be read in the draft by the EU itself...

Tobin Tax Effect on Forex

stop panic! as i mentioned on page 6 already, spot transactions are excluded! Which transactions will be excluded from the proposed tax? Only transactions related to financial instruments would be covered by the Commission's proposal. This means all ...

Tobin Tax Effect on Forex

As i am also german i am concerned about this topic. So I did some research about it. You find the first draft of the Financal Transaction Tax here url (english) url (german) In the presentation you can find on page 9: Therefore at least in the ...

Tobin Tax Effect on Forex