No more im for me - all forex

[helio777]

edit: I think one of my kids spilled apple juice on my keyboard. If anyone had the pleasure of my intro to picking up penis to melt down, I apologize.

C'mon, mate. Admit it. T'was a Freudian slip.

It's ok.

There's no "apple juice" on your keyboard. (Though it's no doubt despoiled with some "other" kind of sticky liquid.) :dog_walk2

 

[trooper]

Hilarious thread! - I'm now into Forex ... up 30% blah ...

I've been a forex trader now since 2008 - and work it daily - i take it you have read the pdf information and thought eh! i can do this - it's like red or black / yes or no ... anyone can, very few make a living ... and when you are using your real money - your emotions will get in the way!

Good luck with your demo account, when you have a few loses you'll soon be back to adsense.

irate:

//CC

I used a demo account for 6 months in 2007 and started trading in early 2008 - using real money - I trade and have full accounts with DBFX and SAXO Bank for over 2 years.
I never trade news / i never over trade /

I'm trading live. Don't be a hater because I am a better trader than you.

 

[NoirHat]

lol
u people funny

i've made 80% return in one morning trading news. Relatively tight stops so the Risk:Reward was excellent.
Not recently though, brokers suck at fills during high volatility

Just saying the returns can be massive.

 

[Subject]

Actually, Forex is an Art.
You only need correct technical analysis.
If your analysis is correct, the price will fulfill it.

I have around 95% success rate in trading. I only trade eurusd and TP is 15 pips per trade with 30 pip SL. The R:R is low, but works good for me.

 

[mak111]

I'm trading live. Don't be a hater because I am a better trader than you.

don't get cocky, stay humble. i learned that one the hard way.

i would recommend reminiscences of a stock operator, its a great book.
also check out a site called trading-naked.com. its the shit.
in the articles and reprints section there is a book called phantom of the pit. one of the rules about if a trade isnt going your way is pure gold.

may the force be with you.

 

[timothywcrane]

C'mon, mate. Admit it. T'was a Freudian slip.

It's ok.

There's no "apple juice" on your keyboard. (Though it's no doubt despoiled with some "other" kind of sticky liquid.) :dog_walk2

see where your mind is. twas orchard tree btw

 

[Greybeard]

I know a couple of people that switched from IM to forex (or stocks) and they make way more money now. One dude makes so much money trading stocks he can travel the world for most of the year.

 

[Gorush]

nice thread thx

 

[trooper]

i've been wanting to get into either forex trading or stock trading

how much would you recommend me investing for a starter? what's the lowest i can invest in, don't want to risk too much at first, just want to learn more, thanks!

you can start a live account with ANY amount of money at some forex brokers

demo trade for a while then go live with a very small amount of real money (like $100 or something, more the better, but have NO attachment to the money)

you will only be able to buy small lots with that low of an initial balance, buts thats an important stepping stone to confidence and bigger lots

you can trade from anywhere, thats what i like about it

metatrader 4 is what i'm primarily using

it's free here

[/URL][URL]http://www.metaquotes.net/en/metatrader4/trading_terminal[/URL][URL="http://www.metaquotes.net/en/metatrader4/trading_terminal"]

 

[trooper]

5% return in ONE HOUR of "work" this morning......

no bs, i have no reason to lie and nothing to sell anyone

I was drinking coffee and talking to my beautiful wife for half that time

(yes live trades and yes I closed the positions already and took the profit)

in IM you do the work and wait for money to (maybe) come

in trading, you do the work and TAKE the money NOW irate:

 

[MikeHustle]

I was doing very well scalping forex, then I got greedy and started to chase more pips! Of course this wasn't traditional scalping, but more of the colloquial scalping - 5-8 pips.

I think a discipline person that doesn't care about leaving pips on the table could effectively scalp forex for a lifetime.

 

[Roparadise]

Why do so many forex traders bash the stock market and say its not good place to make money? There is alot of stocks that have been trading within a certain range for years.

 

[Subject]

Currently, I do not use any indicators for trading.
When I started I used 100's of them and found that they will never work.
Now my chart is clutter free and more clear..
Have peace also..

 

[Nosleepever]

Forex scalping is the way to go. Get you 3-6 pips on price action and get off the computer. If you have 20K in the account and you are at 50% you are making $100 bucks per pip. $300-$600 per day not bad for 1 hour of trading.

Never let a losing trade run on you. If you are scalping, get use to green red. Know the busy times when the big boys go in. You get in also. I stay away from the US open. Only London Open, and Aussie Close.

It is an art. There are rules.

 

[jeancarlin]

trooper - thanks for the thread.

Can you outline what 'education' path you used to get you were you are today?

The problem with forex (from my armchair) is that just like SEO, every gooroo seems to have their own system/strategy and there is a lot less risk in selling info-products than trading.

In other words, if you had to start over, what educational material would you concentrate on to get you to a profitable method as fast as possible?

JC.

p.s. I have done lots of reading and paper/demo trading in the past but failed to open a live account because I could not make demo trading work for me.

 

[Subject]

If you used 100's no wonder they never worked. Best sticking to using 3 or 4

lol, i did not used 100s together..
now no indicators and feeling stress free trading.
only pure PA and trendlines..

 

[StartupBros]

Stay away from stocks way to volatile at the moment. Forex is king.
commodities are iffy. precious metals? maybe if you can get your hands on the mines or land rights etc. Invest South, stay away from US markets.
Brazil,Chile,Singapore,Hongkong etc. good bets

playing the stocks? better odds in Vegas man.
anything Fed backed is pointlessirate:

I more or less agree

 

[mootonandy]

Pivot points are a great indicator, I highly recommend them. They are kind of a self fulfilling prophecy.

 

[Hi on Helium]

Best non-IM pitch I've seen here in a long time, but no thanks.

I know a guaranteed way to make you money in Forex. Pick up pennies when you find them, melt them into a housing, and sell for scrap copper. Don't get caught doing this for over $100 in the US, as it is now against federal law, since they found out it cost more in metals to make a penny than its face value.

And No, I am not joking.

edit: I think one of my kids spilled apple juice on my keyboard. If anyone had the pleasure of my intro to picking up penis to melt down, I apologize.

FYI, pennies are no longer made out of only copper in the US, they have a copper coating laid over scrap metal.

Also, in the last line I believe you meant to say "pennies" not "penis", atleast I hope you're not melting anyone's penis because I don't think you'll find any copper in there

-Hi on Helium

 

[zebrahat]

90-95% of people lose money in forex or make no money.

90-95% of people lose money in IM or make no money.

90-95% of people lose money in MLM or make no money.

Sounds like the pot calling the kettle calling the pan black.