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Can YOU make money as a trader?

  • #41
  • Feb 8, 2018 3:51am Feb 8, 2018 3:51am
Short answer:

NO
  • #42
  • Feb 8, 2018 3:57am Feb 8, 2018 3:57am
Yes absolutely you can! Why would you do it if you are not making money?? Seriously?
Only a gambler would keep on losing day after day and keep coming back for more
  • #43
  • Feb 8, 2018 3:59am Feb 8, 2018 3:59am
Very much agreed with you mate. Even a gambler gambles because they believe they can win.

KP

Quoting OneOracle
Yes absolutely you can! Why would you do it if you are not make money?? Seriously? Only a gambler will keep on losing day after day and keep coming back for more
Do your homework, follow the footprints of smart money
  • #44
  • Feb 8, 2018 4:30am Feb 8, 2018 4:30am
There we go again ..

Trading IS gambling

You are placing bets! Does not matter if it's on the euro or on the horses.

Many Retail Forex enthusiasts will say they have a strategy to play the retail forex game like many casino enthusiasts have a system to play the Roulette.
No difference, except that retail forex gives a false notion of "legitimacy"
  • #45
  • Feb 8, 2018 6:50am Feb 8, 2018 6:50am
Quoting Mingary
There we go again .. Trading IS gambling You are placing bets! Does not matter if it's on the euro or on the horses. Many Retail Forex enthusiasts will say they have a strategy to play the retail forex game like many casino enthusiasts have a system to play the Roulette. No difference, except that retail forex gives a false notion of "legitimacy"
True to some extent, as you as a retail trader are not actually moving the price but you can get an edge and win
Grind until you no longer have to introduce yourself. 4:30am club
  • #46
  • Feb 8, 2018 9:12am Feb 8, 2018 9:12am
Quoting newbegger
I was discussing the topic and wanted to post my thoughts on making money as a trader. Many people have the idea that they are almost there, just missing one piece and then they will be able to quit their job and buy a mansion and yachts and expensive cars. Well, you may be almost there. And maybe not. Over the next few posts as time permits, I am going to tell you how I became a profitable trader. Some of it's ugly, terrible disappointments, humbling experiences, horrible crashes that many do not walk away from. You really have to have a burning...
Trading the daily weekly and monthly time frames will help you spend less time in trading, less risks, and more money.

Traders who loose are mostly who trade everyday even if no clear opportunity exist they must trade to make daily profit as they think!, that leads to more stress, tireness, low concentration, implies losses..
  • #47
  • Feb 8, 2018 9:28am Feb 8, 2018 9:28am
I am consistently up daily, but only a little, I can't worry about that though, I have just keep on improving. This situation is all new to me even after NN years. I've been adding small amounts to my account to increase leverage and risk weekly so that small amount grows, but I have to keep it small so it doesn't alter my feeling that risk amount. So the answer for me is, yes, I can, but only a little, so far.
big money makes big moves and then hides during small money chasing.
  • #48
  • Feb 8, 2018 9:31am Feb 8, 2018 9:31am
Quoting Creativegrow
{quote} Trading the daily weekly and monthly time frames will help you spend less time in trading, less risks, and more money. Traders who loose are mostly who trade everyday even if no clear opportunity exist they must trade to make daily profit as they think!, that leads to more stress, tireness, low concentration, implies losses..
This is 100% true.
  • #49
  • Feb 8, 2018 9:32am Feb 8, 2018 9:32am
Quoting Mingary
There we go again .. Trading IS gambling You are placing bets! Does not matter if it's on the euro or on the horses. Many Retail Forex enthusiasts will say they have a strategy to play the retail forex game like many casino enthusiasts have a system to play the Roulette. No difference, except that retail forex gives a false notion of "legitimacy"

Mingary-

Why is it that many traders on this forum say that make money long term daily on forex ?

How can you explain this?

Kind regards,

Goose
  • #50
  • Feb 8, 2018 9:41am Feb 8, 2018 9:41am
Quoting Mingary
There we go again .. Trading IS gambling You are placing bets! Does not matter if it's on the euro or on the horses. Many Retail Forex enthusiasts will say they have a strategy to play the retail forex game like many casino enthusiasts have a system to play the Roulette. No difference, except that retail forex gives a false notion of "legitimacy"
If trading is gambling; then everything is gambling too:
1. Getting married is gambling; you may lose your assets AND your kids if that marriage is ended
2. Having s*x is gambling; you may injure your private organs
3. Driving is gambling; you may get an accident
4. Eating is gambling; you may get food poisoning
5. Breathing is gambling; you may breath CO2 too much and suffocate
6.
7.
8.

and finally:
1000. Writing in FF forums is gambling; you may get radiculed

the list will never ends
  • #51
  • Edited 10:02am Feb 8, 2018 9:47am | Edited 10:02am
Quoting goose4
{quote} Mingary- Why is it that many traders on this forum say that make money long term daily on forex ? How can you explain this? Kind regards, Goose
At any given time (now) this is true, but are they trading on a demo and if real not for pennies ?.

But looking back at the same statements that were given in the past by different people, a "where are they now" reveal that all "successful" traders just disappear after a while.

1) Did they retire to enjoy their millions ? (or even make a living from retail forex as their only source of income... )
2) they were "commercial" and can they be trusted ?
3) they had a good run and then crashed ?

You will find that 2) and 3) = 100 %

It is certain that if 1) were true you would know about it!
  • #52
  • Feb 8, 2018 9:50am Feb 8, 2018 9:50am
Quoting alphadude
{quote} If trading is gambling; then everything is gambling too: 1. Getting married is gambling; you may lose your assets AND your kids if that marriage is ended 2. Having s*x is gambling; you may injure your private organs 3. Driving is gambling; you may get an accident 4. Eating is gambling; you may get food poisoning 5. Breathing is gambling; you may breath CO2 too much and suffocate 6. 7. 8. and finally: 1000. Writing in FF forums is gambling; you may get radiculed the list will never ends
Then by your definition, yes we agree, trading IS gambling.
  • #53
  • Feb 8, 2018 9:54am Feb 8, 2018 9:54am
Quoting Mingary
There we go again .. Trading IS gambling You are placing bets! Does not matter if it's on the euro or on the horses. Many Retail Forex enthusiasts will say they have a strategy to play the retail forex game like many casino enthusiasts have a system to play the Roulette. No difference, except that retail forex gives a false notion of "legitimacy"
True.
But unlike in traditional gambling, you can select your horses you want to race.
Or you can stay by the blackjack table and count the card as the dealer deals, don't have to bet, and won't be banned waiting for the deck to turn hot...
Same same, but different
there is always, always another trade!!
  • #54
  • Feb 8, 2018 9:56am Feb 8, 2018 9:56am
not all risk taking is gambling, lots of risk is part of life
big money makes big moves and then hides during small money chasing.
  • #55
  • Feb 8, 2018 9:59am Feb 8, 2018 9:59am
Quoting goose4
{quote} Mingary- Why is it that many traders on this forum say that make money long term daily on forex ? How can you explain this? Kind regards, Goose
A valid question.

But actually how many do you see making money vs claiming to make money?
Not on screenshots, on demo account, or doubling 20$ no deposit bonus.
But real, enough to make a living type...

I would bet my red diamond that there is a lot less than you think, if you start to look real hard, and objectively.
there is always, always another trade!!
  • #56
  • Feb 8, 2018 10:09am Feb 8, 2018 10:09am
Quoting Mingary
{quote} At any given time (now) this is true, but are they trading on a demo and if real not for pennies ?. But looking back at the same statements that were given in the past by different people, a "where are they now" reveal that all "successful" traders just disappear after a while. 1) Did they retire to enjoy their millions ? (or even make a living from retail forex as their only source of income... ) 2) they were "commercial" and can they be trusted ? 3) they had a good run and then crashed ? You will find that 2) and 3) = 100 % It is certain...
Not necessarily. A point comes when you have done all that you can do. At that point good traders will eventually just stop posting, as there is nothing left to post really. You cannot fight a system of belief. If you believe that something is impossible you will sit at home while others are out doing what you believe cannot be done. It happens every day, in every field. Traders will eventually accept this and just go away and leave the naysayers to their own, well deserved, devices.

Quoting alphadude
{quote} If trading is gambling; then everything is gambling too: 1. Getting married is gambling; you may lose your assets AND your kids if that marriage is ended 2. Having s*x is gambling; you may injure your private organs 3. Driving is gambling; you may get an accident 4. Eating is gambling; you may get food poisoning 5. Breathing is gambling; you may breath CO2 too much and suffocate 6. 7. 8. and finally: 1000. Writing in FF forums is gambling; you may get radiculed the list will never ends
Life generally is a series of calculated risks over an unknown period of time. This is a great post.
If you are good at something, never do it for free--Joker
  • #57
  • Edited 10:50am Feb 8, 2018 10:37am | Edited 10:50am
Quoting Mingary
Short answer: NO
Luke Sky-walker to Yoda - “I don’t believe it…”
Yoda's reply to Luke - “That is why you fail.”

Thanks, Mingary! You have given the best advise to all aspiring traders who have doubts if they can beat the dealer or not.

If you think you can't make money as a trader, don't even open a live account. You WILL lose your money. Open a demo account and keep trading until you have a system that has an edge or try other systems posted on Babypips or Forexfactory. Only trade with live funds a system your have an edge against the dealer.

Now if you want to test or try to make better profits? Demo trade any changes while still trading your live account with the proven system. Take your time do it right and don't reach to high. You have to learn to crawl before you can walk, and, learn to walk good before you can run.
Ecclesiastes 1:9
  • #58
  • Feb 8, 2018 10:41am Feb 8, 2018 10:41am
Quoting profitfarmer
{quote} A valid question. But actually how many do you see making money vs claiming to make money? Not on screenshots, on demo account, or doubling 20$ no deposit bonus. But real, enough to make a living type... I would bet my red diamond that there is a lot less than you think, if you start to look real hard, and objectively.

Good point.


What is your estimation on this ? How many make a living ?

Cheers
  • #59
  • Feb 8, 2018 10:46am Feb 8, 2018 10:46am
Quoting newbegger
{quote} Luke Sky-walker to Yoda - “I don’t believe it…” Yoda's reply to Luke - “That is why you fail.”
Inserted Video


Quoting profitfarmer
{quote} A valid question. But actually how many do you see making money vs claiming to make money? Not on screenshots, on demo account, or doubling 20$ no deposit bonus. But real, enough to make a living type... I would bet my red diamond that there is a lot less than you think, if you start to look real hard, and objectively.
I have to say that no trader who makes a living would put that out there. There are too many commoners who think that trading is free money, and will beg like there is no tomorrow.
If you are good at something, never do it for free--Joker
  • #60
  • Edited Feb 9, 2018 2:39am Feb 8, 2018 11:38pm | Edited Feb 9, 2018 2:39am
Quoting Mingary
There we go again .. Trading IS gambling You are placing bets! Does not matter if it's on the euro or on the horses. Many Retail Forex enthusiasts will say they have a strategy to play the retail forex game like many casino enthusiasts have a system to play the Roulette. No difference, except that retail forex gives a false notion of "legitimacy"
No trading is not gambling for me! Trading is my business and what people call 'losses' are my cost of business. They are part of my business plan, accounted for and expected. So I don't lose sleep or try to fix my strategy because some trades were not successful. I don't place 'bets' I open well calculated trading positions. As long as I hold that position I am actually controlling that amount of fund. Totally legitimate business and I pay taxes for my income. So most definitely trading is not gambling for me.

You only speak for yourself friend. If its gambling for you good luck
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