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Successful traders are very, very rare to find

  • #101
  • Jan 26, 2018 7:17am Jan 26, 2018 7:17am
I don't know if it's true, but I've read that although 85% of retail forex traders lose money 75% of institutional traders in the same market are profitable. In fact, they have a name for them. They are known as consistently profitable traders or CPTs.
  • #102
  • Jan 30, 2018 4:29am Jan 30, 2018 4:29am
Quoting kauppias
It is true that successful traders are rare. But against common thought there is a many successful retail traders. Percentage wise the number is not big but actual number is substantial. Most successful traders are just not interested to waste time in forums, arguing with other traders. They concentrate on what is important = trading. What have surprised me is that almost every thread here in FF is just a sandbox of people arguing and insulting each other. If one have time for that, maybe there would be time for learning trade better.
I'm not a very successful trader, but I assume that the forum can really be useful as an exchange of experience, but at the same time, you need to filter the information.
Many traders here are successful people and they come here to rest to feel their success against the background of others, some want to share trade secrets.
  • #103
  • Feb 5, 2018 10:09am Feb 5, 2018 10:09am
Retail traders account for 5% of the money which changes hands daily in the forex market (250 billion Dollars). Their experience ranges from learner to professional. There is a learning curve in forex trading. The problem is that it is a steep and slippery climb. Persistence and a plan with positive expectancy are what traders must develop before one can join the ranks of consistently profitable traders (CPTs).
  • #104
  • Feb 6, 2018 12:06pm Feb 6, 2018 12:06pm
Quoting Barrg1
Many traders here are successful people and they come here to rest to feel their success against the background of others, some want to share trade secrets.
LOL

everyone is a loser here

these forums can be fun and entertaining at times (I also tried to entertain ppl with crasy posts). but if you're serious better leave and focus on trading. as this forum has nothing to do with trading..

Much more with drugs and gambling addictions


Inserted Video
  • #105
  • Mar 19, 2018 4:09am Mar 19, 2018 4:09am
Quoting Rennaissance
I don't know your experience, but successful traders are very hard to find. A lot of guys who seem successful will fail over the long because they use negatively skewed strategies. What's your experience guys?
Not sure why you'd want to find a successful trader? To inspire you? To spoon-feed you? There's more than enough info on the internet to get you started. The sooner you start thinking independently the better.
mind over matter
  • #106
  • Mar 19, 2018 4:13am Mar 19, 2018 4:13am
Quoting HeyYou
{quote} LOL everyone is a loser here these forums can be fun and entertaining at times (I also tried to entertain ppl with crasy posts). but if you're serious better leave and focus on trading. as this forum has nothing to do with trading.. Much more with drugs and gambling addictions https://www.youtube.com/watch?v=rEielgxzQKk
One's perception shapes one's destiny... good luck with yours!
mind over matter
  • #107
  • Mar 19, 2018 4:33am Mar 19, 2018 4:33am
Wrong, the biggest factor determining your future prosperity and path through life involves choosing your parents, very carefully.

Destiny also suggests fatalism, a depressing concept, at odds with the lame positive message you failed to kite fly.

Quoting kosmo
{quote} One's perception shapes one's destiny... good luck with yours!
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #108
  • Mar 19, 2018 4:52am Mar 19, 2018 4:52am
Quoting Spreadbetter
Wrong, the biggest factor determining your future prosperity and path through life involves choosing your parents, very carefully. Destiny also suggests fatalism, a depressing concept, at odds with the lame positive message you failed to kite fly. {quote}
Absolutely! The best age to start choosing your parents very carefully is around 50. But before you do that, make sure to choose your psychotherapist first.
mind over matter
  • #109
  • Mar 19, 2018 5:47am Mar 19, 2018 5:47am
Quoting kosmo
{quote} Absolutely! The best age to start choosing your parents very carefully is around 50. But before you do that, make sure to choose your psychotherapist first.
...
  • #110
  • Mar 19, 2018 7:09am Mar 19, 2018 7:09am
LOL.....brilliant...
Quoting kosmo
{quote} Absolutely! The best age to start choosing your parents very carefully is around 50.
SPC * Swollen PocketZ Crew!
  • #111
  • Mar 19, 2018 11:22am Mar 19, 2018 11:22am
Whoosh.

Quoting kosmo
{quote} Absolutely! The best age to start choosing your parents very carefully is around 50. But before you do that, make sure to choose your psychotherapist first.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #112
  • Mar 20, 2018 11:33am Mar 20, 2018 11:33am
Quoting HeyYou
{quote} LOL everyone is a loser here these forums can be fun and entertaining at times (I also tried to entertain ppl with crasy posts). but if you're serious better leave and focus on trading. as this forum has nothing to do with trading.. Much more with drugs and gambling addictions https://www.youtube.com/watch?v=rEielgxzQKk
What about those real professional traders who work in trading firms? They don't use Forex Factory at all?
'For the market to work, it needs people who think that they can beat it.'
  • #113
  • Edited Mar 21, 2018 2:01am Mar 20, 2018 11:46am | Edited Mar 21, 2018 2:01am
Quoting AlastorFate
{quote} What about those real professional traders who work in trading firms? They don't use Forex Factory at all?
You meet people in pub. Trading terminal chat.

In forexfactory here are not any usefull information. Some time ago was Wilmott site, havent read them long time.
  • #114
  • Mar 20, 2018 1:56pm Mar 20, 2018 1:56pm
Nice use of sarcasm. ;-)

Quoting AlastorFate
{quote} What about those real professional traders who work in trading firms? They don't use Forex Factory at all?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #115
  • Mar 20, 2018 2:17pm Mar 20, 2018 2:17pm
Quoting Rennaissance
I don't know your experience, but successful traders are very hard to find. A lot of guys who seem successful will fail over the long because they use negatively skewed strategies. What's your experience guys?
This is an interesting opinion. I'd be interested in knowing what timeframe you think "over the long term" means. (Meaning how long till "the long term" has happened).

Secondly, what are "negatively skewed strategies"?

Yes, there are lots of traders that can find some success for periods of a month or two when the markets cooperate and line up with their trading method perfectly ... only for them to lose everything they gained and then quite a bit more a month or two later when market conditions shift. Most retail traders are in fact losing traders.

However this seems like one of those times where you are creating the ages old "self fulfilling prophesy." You say that it's hard to find someone successful and so for you it has become that way. That said, I've been trading as my fulltime living for the last 6ish years now. Does that mean I'm a successful trader or no? Is trading profitably enough to live on it for 6 years "long term" for you or no?

I'd be interested in hearing your answers.
Woohiye is a Lakota Sioux word that means success, or overcoming obstacles
  • #116
  • Mar 21, 2018 1:35pm Mar 21, 2018 1:35pm
Quoting kosmo
{quote} One's perception shapes one's destiny... good luck with yours!
No I can judge objectively from time to time.. because I know that some things just don't work
  • #117
  • Mar 24, 2018 11:06am Mar 24, 2018 11:06am
Yes, recalling my own experience, I haven't met a really successful trader. however, I suppose that those who have at least a little profit from trading in forex have already achieved something in trade, so they're going to succeed.
  • #118
  • Mar 24, 2018 3:03pm Mar 24, 2018 3:03pm
Quoting kauppias
It is true that successful traders are rare. But against common thought there is a many successful retail traders. Percentage wise the number is not big but actual number is substantial. Most successful traders are just not interested to waste time in forums, arguing with other traders. They concentrate on what is important = trading. What have surprised me is that almost every thread here in FF is just a sandbox of people arguing and insulting each other. If one have time for that, maybe there would be time for learning trade better.
Best post I've read in a while...How many times have someone started a thread saying they are a professional trader (maybe they are and want to share) and have traded this system for several years? Then 15 losers jump in to tell this person their system don't or can't work. Who needs that they hijack the thread and it goes on for 10 pages. I believe professional traders are not on FF other than to drop in for a laugh....
  • #119
  • Mar 24, 2018 3:17pm Mar 24, 2018 3:17pm
Spot on, just defer to the experts on the success rate as opposed to those on FF, you know like brokers, technology suppliers and financial authorities, er, basically those who see the opposite side of the bets.

So then, let’s see where these successful traders you refer to are hiding, the rough tale of the tape is;

96% of punters lose,
their average loss is 5k,
they last 3-6 months (depending if they have another go),
when they’re temporarily successful it’s their brilliance, when they fail it’s the broker or the market cheating them,
their account size is circa $1,000,
approx 5% place bets one lot or above,
less than 0.5% derive a 25k+ annual income from trading..

Yes siree, there’s a tale of success and no mistake.

Quoting kauppias
It is true that successful traders are rare. But against common thought there is a many successful retail traders. Percentage wise the number is not big but actual number is substantial. Most successful traders are just not interested to waste time in forums, arguing with other traders. They concentrate on what is important = trading. What have surprised me is that almost every thread here in FF is just a sandbox of people arguing and insulting each other. If one have time for that, maybe there would be time for learning trade better.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #120
  • Mar 24, 2018 3:24pm Mar 24, 2018 3:24pm
I'm sure there are plenty of successful traders, we just don't hear from many of them on the forums. They're probably too busy making money and, learning how to make even more money. It doesn't take very much to be successful if you have a sufficiently large account. One could be successful even with senseless scalping. But, one thing that is required is a large account and, most retail traders do not have a large account. So with a small account and without a very finely tuned and surgical strategy, there would naturally be a lot of losing retail traders.
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