reality or fake trader?

[everyonerich]

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]

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

 

[DionysusToast]

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.

 

[Hilarymannah]

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

 

[Black Swan]

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

Is this pre babel fish or after?

 

[Shakone]

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.

 

[gooseman]

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

 

[DionysusToast]

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

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.

 

[Hilarymannah]

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]

That's OK Hilary.

I admire the way you use words without saying anything,

 

[everyonerich]

btw something to ponder on about maneh..


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

 

[Hilarymannah]

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