Trading for sucsess

Hi Everyone

I am starting this thread because i think that most peoble see the forex market wrongly. I want this thread to be a discussion on making a principles on making a living. The first idea i want to leave with you is making 5% a week to make a fortune out of forex. If you start small like with only making 5% a week that is one persent a day and your starting out with a small account of 1000 dollars you will make 1000000 dollars in 3 years.

Happy Trading and excusse me for my bad english

neller said:

Hi Everyone

I am starting this thread because i think that most peoble see the forex market wrongly. I want this thread to be a discussion on making a principles on making a living. The first idea i want to leave with you is making 5% a week to make a fortune out of forex. If you start small like with only making 5% a week that is one persent a day and your starting out with a small account of 1000 dollars you will make 1000000 dollars in 3 years.

Happy Trading and excusse me for my bad english

Click to expand...

It just goes to show you that you don't have to hit home-runs everytime at bat to be wildly successful in this business.
If you just hit singles the runs will come in.
You're example proves that you don't have to do too much (1% a day) to make big money over the long run.
Good Post.

ok sorry for covering part for part in this thread but i am a bit bussy in the day. The next thing i want to talk about is indicators. People will have different meanings about indicarors but if you think about an indicator is something that has already happened. if you look back at indicators it always looks wonderful but if you try it most of the time it just dont work for you. The reason why is sl i can tell you many breakout indicators which looks wonderful in backtest but where do you put your sl for a false breakout and the same with any indicator. where to you put your sl for false signal? I am personally against indicators....

neller said:

Hi Everyone

I am starting this thread because i think that most peoble see the forex market wrongly. I want this thread to be a discussion on making a principles on making a living. The first idea i want to leave with you is making 5% a week to make a fortune out of forex. If you start small like with only making 5% a week that is one persent a day and your starting out with a small account of 1000 dollars you will make 1000000 dollars in 3 years.

Happy Trading and excusse me for my bad english

Click to expand...

I do not want to put you down but you are a bit wrong Firstly - on forex( and other markets) you can not assume anything. Do you think 5% is small number? 90% of traders loss 20% each week! Having 5% a months is a very good result.

Secondly - do not tell market how much it can give you. You take form market amount that IT allows you to have. I never know what next month brings to me. Sometimes it is 5%, sometimes 20% and sometimes -10%.

Your attitude of "wanting not much" is good - but do not assume anything and do not count profits before they happen to you!

Good luck!

Thanks for the reply and i dont mind if people goes against me if they dont agree with things i am saying here because that is the discusion. i know that one cant tell your profits when they had not happen yet. And on they fact about 5 % a week i think that it realy is not that hard i am trading forex now for one and a half years and yes maybe that is not that long but with the right trading strategy money management and without risking much it is realy not dificult to make 5% a week. If one only is following the daily trend that can easily be achieved...

Its no fight just a discusion

disi said:

I do not want to put you down but you are a bit wrong Firstly - on forex( and other markets) you can not assume anything. Do you think 5% is small number? 90% of traders loss 20% each week! Having 5% a months is a very good result.

Secondly - do not tell market how much it can give you. You take form market amount that IT allows you to have. I never know what next month brings to me. Sometimes it is 5%, sometimes 20% and sometimes -10%.

Your attitude of "wanting not much" is good - but do not assume anything and do not count profits before they happen to you!

Good luck!

Click to expand...

I think that the biggest mistake one can make in forex is looking for the holy grail in forex this new ea or this new thing that is going to make the difference in your trading forever. The biggest thing one must be looking at is money magement setting a daily target and then design ones own strategy with following the trend to achieved ones goals...

Happy Trading