How much money can a seasoned semi-pro make with trading on Forex? -
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thread: How much money can a seasoned semi-pro make with trading on Forex?

  1. #21
    I never sayd it is/will be easy, in actuality, it is required a massive encounter, YEARS (not months or days ) of pratice and research, and also a good self-control, and of course it is impossible that EVERYDAY you end in profit, there are always bad times, but. . Damn it is not hopeless, and it is not soo crazy, I am not saying 90% of folks can get it done, but I am SURE that many traders exchange this manner, and are effective doing it. It is not crazy.

  2. #22
    Senior Member Tataylo's Avatar
    435
    You are going to be a millionaire in under a year with 10 pips a day and compounding hope me.
    Richard, I was generalizing. Much depends upon profit factor (precision of system decides yield vs drawdown); trading interval (obviously scalping will enable more regular compounding than standing trading); standing sizing (compounding 3% each commerce will get you there greater than 3x quicker than 1%); and (of course) starting account balance.

    Projecting the amounts is all too easy to do; winning always (at least in my experience) somewhat less so.

    David

  3. #23
    Amen to this.

    Projecting that the amounts is too simple to do; winning always (at least in my own experience) somewhat less so.

  4. #24
    Junior Member Priepk's Avatar
    23
    Wow, some of you guys appear to trade very low risk or simply have very little confidence in yourself to help you trade hardly any lots.

    Seriously, by a few of these posts I am visiting 12% return a month. That would kill me. I work 10 hours each day looking for Mexicans to prevent from crossing the border and then to come home and only make 12%? So all what I would do is pressure my eyes all day to get a 12 percent return.

    Seriously grab some balls, you eliminate money, it stinks, but if you get a large return its amazing. I currently got two trade that got 558 pips that are from the 27th. Now at a .10 lot that would be $558 or at size 1 $5500, but I did one for a size 4 and another size 8, so I am at 30k.

  5. #25
    That is great. I wonder how you would be feeling if the trades went against you? Would you have this gung ho attitude?

    Everybody's risk tolerance is different. If I needed a 25K account, I'd trade it a hell of a lot differently than a 10K account.

    Well, scalping and risking a massive percentage of my account on a single trade wasn't my style. Some people today swear by it, however, you are bound to get burned eventually.

    I would say keep up it however, the market is gonna decide your fate on way or the other. Thank you for serving America.... As a former DoD contractor, I appreciate the perpetual effort in keeping America strong.

    Seriously grab some balls, you eliminate cash, it stinks, but when you get a big return its amazing. I currently got 2 trade that obtained 558 pips which are from the 27th. Now at a .10 lot that could be $558 or at size 1 $5500, but I did one for a size 4 and the other dimensions 8, which I'm at 30k.

  6. #26
    [quote=;2195741]I'm imagining you use an ECN to exchange news.... And have a tight stop in place. But why not use a straddle, instead of guessing prior to the release and hoping for the best? [quote]


    Straddling during news time is most likely the worst egy a trader can use. I never guess a direction. . Everything is calculated in advance. I spent 2 hrs planning this trade.

    Ro

  7. #27
    Junior Member juancipk53's Avatar
    17
    I'd no intention of stirring any leftovers. I've been with roland for quite a while and just have finally gotten most of the bugs out of my trading. I do have to mention though that the superb record of wins and loses that roland submitted is correct. So I've been able to take these transactions with a high level of confidence. GB

  8. #28
    Senior Member Tataylo's Avatar
    435
    I had no intention of stirring any pots....
    George, I don#8217;t believe anybody#8217;s angry here, therefore that there #8217;s no damage done, and it#8217;s clear that Roland is a very seasoned and successful trader, so personally I hope someone can invite him to continue posting!

    Re the #8220;free commerce #8221;, if I may speak boldly, I presume there are just two ways of studying this. The first is the manner that you and Roland see it, namely that after breakeven has been secured, you are playing the #8220;house#8217;s money#8221;. That's because you8217;re thinking of each transaction as a #8220;component #8221;. If each such unit is profitable to the greatest possible degree, then obviously bottom-line (e.g. end-of-year performance) will likewise show profit.

    I don#8217;t disagree with this whatsoever, but here is another possible angle. Just because I have a #8220;free commerce #8221; shouldn#8217;t affect my decision making. Regardless of the extent my current commerce is at profit or loss, the key question is 8220;what's price more inclined to do henceforth? #8221; If, by way of example, we#8217;re going to strike heavy S/R, or there#8217;s another compelling reason the transfer is probably exhausted, then I should scale outside, or close. But if, for whatever reason, the transfer is more likely to continue, then I should maintain my position , or possibly even add to it. To put it differently, my choice ought to be determined by a re-evaluation of current market probabilities (to whatever extent this is possible), as opposed to where I#8217;m dollar-wise from the trade. The market doesn#8217;t care about my personal financial situation.

    If, by way of example, I neglect to close the place, and it goes against me by 100 pips, then my bottom line in the end of the year is going to probably be 100 pips less than it might have been, no matter if I was playing the #8220;house#8217;s money#8221; or not.

    If we believe beyond the surface, it#8217;s not the scaling in and out of places that necessarily makes the money. It#8217;s the fact that, once we do choose to add to, or reduce, a situation, we make the right choice to do so, at the right time, more frequently than not. To finish up ahead, we need to be net long when price is climbing, and/or web short when price is falling, frequently enough to conquer costs (i.e. spread, and possibly swap). All these are system expectancy, as opposed to MM, issues.

    IMHO, it#8217;s your own knowledge of this market, and the way it is likely to proceed, that#8217;s actually become the largest contributor to your success. Your record of 52 wins and 3 losses speaks for itself. Keep the fantastic work up!

    David

  9. #29
    Junior Member juancipk53's Avatar
    17
    Cool David fine to discuss ideas. GB

  10. #30
    Junior Member Rikyvk's Avatar
    15
    Allow me to take up the challenge and see what I can make of $1000 in a week of investing, all trades listed on a real money account.

    I am considering $500 in approximately 7-10 days not risking more afterward 5-8%, maybe a bit more then most people, but as 95 percent of traders are losers, is the low risk egy the right way. Ithink it is dependent upon the trade.

    Ahh, I will also add to loosing transactions, contrary to the grain to most traders, but as 95 percent lose thats a fantastic reason to do it. Additionally I will be trying to buy low and sell highquality. Again most traders follow the market and get murdered.

    If people are into it I will give it a whirl.

    Smalldog

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