No more im for me - all forex

^^ one of the biggest issues with trading is dealing with fear and greed. U don't get that from a demo account just like he said.
 
Advertise on BHW
i have a friend who's into forex now since he is also frustrated with seo nowadays. he's making like $800 per month doing forex
 
have you given PPC a try? i find it allows me full control of the whole process.
 
i have a huge forex mailing list i haven't even touched yet. any mailers out there wanna take it on?
 
I may not know what I'm doing, but thanks to the stock market I'm retiring in a few months....
 
ok for me forex is a very tough playfield. As others said you need to have self discipline, strong psychology, focus and dedication to make it out.
Also a very big mistake that most of newbies do (I did as well) is jumping from one method to another and at the end getting into a death spyral.
So after spending a few years into the forex business i m actually looking now to futures and other markets. I ll also look at IM. Thats why I m here...
 
I am an experienced forex trader myself.
No, you don't need a min of 10k to invest in forex trading.
You can start at a reasonable capitals as low as $50-100.

I would suggest you stop reading books and just take action! :)
You'll learn much more by doing it yourself.

If you are afraid of losing real money or cannot afford of losing your own money,
then you should consider practising your techniques first USING DEMO ACCOUNT OR WHAT WE CALLED AS
VIRTUAL MONEY.

Once you have a convincing records of winning ratio, then you can consider trade with real money.
Of course it takes time and PRACTICALLY EVERYTHING ( TIME, $$ ENERGY, EFFORT)..
but, hey..
be realistic..
can you tell me 1 legit job that never requires you to work hard
before you can enjoy all the fruits?

cheers :)
It's not easy, but it's not impossible either.


Myopia said:
i doubt youre any good at forex in such a short period of time... i read several university level text books on technical analysis and still do not actively participate in the forex market. Unless you have money to waste, dont listen to this guy. First of all you need a min of 10,000 to invest to cover your bad calls until they recorrect, if they recorrect before your tiny 10,000 goes negative and the trade auto closes... get a signifcant amount of savings, work with real-time practice accounts and maybe after a year or two you will have learned enough about the market to place 30%+ profitable trades.

Wall street brokers dont even average 30%+ positive trades... and this guy says he's up 30% during a time where the market is relatively stable... Unless he opened an account with a few hundred dollars and it making 20-30 bucks a day, i call bs.
Click to expand...
 
trooper said:
lots of views but no comments?

i'm up 30% ROI for the week

who else trades forex here?
Click to expand...

Oh in that case you'll be a billionaire in less than 6 months then. How on earth are you managing to fend off those job offers from Goldman Sachs and Morgan Stanley?
 
I am solely running a eBay and IM business and hoping to expand. Maybe Forex is an interesting
route for me. But it looks like allot of risk. Congratz on any of your success and screw haters.
 
I am using Oanda DEMO account for last year,and i'm losing "virtual" money of course :-) Let's make small Forex community here on forum ,if you are interested,to start trading every day,sharing news and tips. If there is experienced Forex traders here please join us, we can make website for BHW Forex community and start growing,please write your ideas here as well. I suggest that if we start earning money on forex,we donate money for our future projects.
 
For example if each trader make profit of about 1000usd per month,donate as much as he wants to our Forex community (to pay experienced traders for tips,for reliable news and more tips,etc),so you can donate as much as you want, 10%,20%,etc.. please write your ideas,and who is interested in this BHW Forex Project? We can make website only for our forex community and also share news here on forum for newcomers,etc..
 
the_trader said:
For example if each trader make profit of about 1000usd per month,donate as much as he wants to our Forex community (to pay experienced traders for tips,for reliable news and more tips,etc),so you can donate as much as you want, 10%,20%,etc.. please write your ideas,and who is interested in this BHW Forex Project? We can make website only for our forex community and also share news here on forum for newcomers,etc..
Click to expand...

Are you talking about sharing trade set-ups so any newbie can just copy the trade? I think that is what you mean. Well it would only be possible if the so called "experts" are doing long term intra-day trading and planning entry points well in advance, otherwise if someone like me who trades daily or on spurs based on price action by the time the trade is shared you would have missed the entry unless it was a signal service or trade copy service lol. Just go to FX Empire to get all your chart patterns, Fibonacci retracement levels, news etc. Plenty of information and help and forums already dedicated to FX it does not make sense to introduce it to a mainly IM orientated forum.
 
That's the realism in the market, any slight mistake can cost you big time. So while forex can be a good choice, he needs to be careful and learn properly before venturing into it.
 
I think is quite easy... All I need is EUR/USD and the mighty MACD (12,26,9), Relative Strength Index RSI (14), William's Percent Range %R(14), and Parabolic SAR (0.02 to 0.2) see how the indicators match the graph an tell me that this wasn't predictable...

easy.png
 
Last edited:
trooper said:
lots of views but no comments?

i'm up 30% ROI for the week

who else trades forex here?
Click to expand...


30% for the week eh?

People here are incredibly gullible. It's scary that some of the folks here are considering spending their savings on forex when they can't even do some simple maths.

Let's calculate the compounding returns at 30% per week on an initial value of $100.

It's a simple calculation.

Initial_Deposit * (1+(Weekly_roi/100))^^num_weeks

After 1 week $100 turns into $130

After 2 weeks that $130 turns into $169

After 3 weeks that $169 turns into $219.7

After 4 weeks that $219.7 turns into $285.61

Using the formula: 100 * (1+(30/100))^^4 = 100 * (1 + 0.3)^^4 = 100 * 1.3^^4 = 100 * 2.8561 = 285.61

Got that?

Now let's see what his $100 is worth after a year.

100 * (1+(30/100))^^52 = 100 * (1 + 0.3)^^52 = 100 * 1.3^^52 = 100 * 841500.39 = 84150039

That's $84,150,039. A cool $84 million. He's doing well.

How about after 2 years?

$7,081,229,010,429,914

Pretty sweet. He's now worth 8 quadtrillion dollars. He's now the wealthiest man in history and has more wealth than the entire world put together more than 10 times over.

I can see why he gave up IM.
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top