reality or fake trader?

E

everyonerich

Experienced member

Messages

1,109

Likes

43

• Jun 3, 2010

• #1

assume if many ppl here wanted to become trader, generally we could sparks a lot of attention if someone claim he/she is trader working for company. however in reality, if he/she is really good trader werent usually better off trading their own account instead of company account? so "official" trader is credible to take their advice or not..? whats your opinion? thx

 

arabianights

Legendary member

Messages

6,721

Likes

1,380

• Jun 3, 2010

• #2

my opinion is you have a tenuous grasp on reality as it is...

 

DionysusToast

Legendary member

Messages

5,965

Likes

1,501

• Jun 3, 2010

• #3

I know a market maker - he works on a forex desk with a bunch of major banks.

I consider him to be a trader.

It is unlikely he'd ever be able to do this from his bedroom.

 

H

Hilarymannah

Well-known member

Messages

467

Likes

52

• Jun 3, 2010

• #4

Any successful trader has the ability to buy and sell at a "profit",.regardless of how you want to embellish it!
End of debate,....; )

 

B

Black Swan

• Jun 3, 2010

• #5

everyonerich said:

assume if many ppl here wanted to become trader, generally we could sparks a lot of attention if someone claim he/she is trader working for company. however in reality, if he/she is really good trader werent usually better off trading their own account instead of company account? so "official" trader is credible to take their advice or not..? whats your opinion? thx

Click to expand...

Is this pre babel fish or after?

 

Shakone

Senior member

Messages

2,460

Likes

665

• Jun 3, 2010

• #6

Everyonerich, while some may want to leave and trade their own account...I don't follow that it is always in their best interest.

If they trade their own account, the account size is most likely smaller, so probably smaller profits, plus quite large risk in that they may blow up.

if they trade for a company, they have a large account, they get a decent size of the profits on that, plus they have little risk, because they are getting a salary as well, and even if they have a trading disaster, the worst is that they lose their job.

Besides, some people actually enjoy working with others.

 

G

gooseman

Experienced member

Messages

1,776

Likes

219

• Jun 3, 2010

• #7

access to markets not available to individuals? how about that one?

 

DionysusToast

Legendary member

Messages

5,965

Likes

1,501

• Jun 4, 2010

• #8

gooseman said:

access to markets not available to individuals? how about that one?

Click to expand...

Agreed Goose - that was my point with the Forex market maker I know - he's very good at what he does but it would not be possible for him to do it without the backup of his employer.

 

H

Hilarymannah

Well-known member

Messages

467

Likes

52

• Jun 4, 2010

• #9

DionysusToast,..tut tut,..
"The promise of a high return has a funny way of clouding perception.
80% of retail traders use technical analysis. 95% of retail traders fail".

90% of all start up businesses fail within the first year,...so your little ditty musters a mute point ,.(if you don't mind me saying)
"There are lies, damned lies,.and then there are statistics"
BTW: I'm not picking on your posts deliberately,.I just can't resist some of your "points",..sorry : )

 

DionysusToast

Legendary member

Messages

5,965

Likes

1,501

• Jun 4, 2010

• #10

That's OK Hilary.

I admire the way you use words without saying anything,

 

E

everyonerich

Experienced member

Messages

1,109

Likes

43

• Jun 4, 2010

• #11

btw something to ponder on about maneh..


http://dotsub.com/view/7281f5dc-d4b1-4315-abb7-143becd34f49

 

H

Hilarymannah

Well-known member

Messages

467

Likes

52

• Jun 4, 2010

• #12

DionysusToast,..It's taken years of studious practice !,...: )