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Successful traders are very, very rare to find

  • #81
  • Nov 30, 2017 4:21am Nov 30, 2017 4:21am
Quoting skyway
{quote} The only thing that people see in another persons account is the profit and the million dollars on it, they form their opinion based on that. Nobody bothers to look through the trades to form their opinion. That's why scammers flourish in this business.
It is true that it's a hassle to go trough that but it would be the same as having to go trough the trades they posted as they took them live.
I do get what you're saying and to be honest if they can't do their research into a person they want to potentially invest in then they are pretty much scamming themselves out of their own money at that point.
  • #82
  • Nov 30, 2017 5:26am Nov 30, 2017 5:26am
Quoting Rennaissance
I don't know your experience, but successful traders are very hard to find. A lot of guys who seem successful will fail over the long because they use negatively skewed strategies. What's your experience guys?
Why does no one ask the main questions?
For each individual the concept of a successful trader is different.
If you are looking for a successful trader, then in your understanding for a long time already formed the exact criteria by which you understand how it should be. And these are quite visible criteria. Not discipline, etc., because you cant see it This is a dd,% return in a month or year, MM.
What criteria do you set for yourself?
Looking for partners
  • #83
  • Nov 30, 2017 2:52pm Nov 30, 2017 2:52pm
Quoting Rennaissance
I don't know your experience, but successful traders are very hard to find. A lot of guys who seem successful will fail over the long because they use negatively skewed strategies. What's your experience guys?
Because most people's brains are either stuck in right brain thinking - intuitive trading or left brain thinking - robotic system trading.

Tradings more your form of art and you have to join the two sides.
Never said I was Batman,all I'm saying is you'll never see us together.
  • #84
  • Dec 6, 2017 7:49am Dec 6, 2017 7:49am
Quoting Rennaissance
I don't know your experience, but successful traders are very hard to find. A lot of guys who seem successful will fail over the long because they use negatively skewed strategies. What's your experience guys?
I have seen many times how profitable traders lost all their money and lost their account. This is the process of balancing the market. It is impossible to be profitable always and every trader must understand that in order to assess the situation in a proper way. Yes, it is really hard to find traders who would have been successful for a long time. I think that this is the result of instability in the behavior of the market, as well as, with the psychology of the trader and sometimes, greed.
  • #85
  • Dec 6, 2017 10:36am Dec 6, 2017 10:36am
Before becoming a successful trader you have to be a trader.
If you are not destined to be a trader you can't be a successful trader.
My brother does paint and create sculptures, I tried to do what he does but I am not a painter or a sculptor.
To be a professional tennis player you need a lot of abilities. Concentration, be fast to move and fast to think, know how to eat, know how to train, know how to rest, know how to handle fatigue, know how to handle mind stress, know how to handle competition, physics, trajectories etc, know how your mind elaborate external inputs, know how your mind behave under certain circumstances (because given always the same input your mind behaves different in different situations) etc.
To be a professional trader you have to be on top of the list and there is a lot of competition to reach that level.

Alex
  • #86
  • Dec 6, 2017 10:24pm Dec 6, 2017 10:24pm
hahaha what did you think...7.6Billion Humans and 77Million representing about 0.48% are traders and out of this 0.48%...95% are lossers leaving us with 5% being profitable..and even out of the 5% profitable 2% are considered actually professional traders.lol.
  • #87
  • Dec 7, 2017 3:42am Dec 7, 2017 3:42am
Quoting GeorgeDow
{quote} Why does no one ask the main questions? For each individual the concept of a successful trader is different. If you are looking for a successful trader, then in your understanding for a long time already formed the exact criteria by which you understand how it should be. And these are quite visible criteria. Not discipline, etc., because you cant see it This is a dd,% return in a month or year, MM. What criteria do you set for yourself?
Yep. There is a grain of truth.
My personal opinion about: a successful trader is that trader who:
- made a deposit
- traded with a stabile profit
- managed to stop and withdraw money earlier than lost.
I understand now why it is so hard to find a successful trader. The reason is that it's hard to make the right choice and leave the game in time.
  • #88
  • Jan 26, 2018 12:38am Jan 26, 2018 12:38am
Quoting AntiVi
{quote} It is true that it's a hassle to go trough that but it would be the same as having to go trough the trades they posted as they took them live. I do get what you're saying and to be honest if they can't do their research into a person they want to potentially invest in then they are pretty much scamming themselves out of their own money at that point.
It's because real people successful people don't announce that I Make huge money by trading. They love to remain in silence. To be successful one has to overcome his psychological barriers. He takes control of his emotions. Now think why such people will brag about themselves.
  • #89
  • Jan 26, 2018 1:03am Jan 26, 2018 1:03am
Forex success is only a matter of .... self discovery. Your intelligence will drive you there, sooner or later.. if you simply stick to it. I've been on and off with forex for many years, because I have a real business in place.. and recently I got a small account doubled 10 times in a matter of 3 months.

No holygrail strategies..
simple... infact very simple strategie.
+
discipline in entries and exit
+
proper money management

And the importance of the above listed method.. is inversely proportional.
  • #90
  • Jan 26, 2018 3:34am Jan 26, 2018 3:34am
Quoting donkush
hahaha what did you think...7.6Billion Humans and 77Million representing about 0.48% are traders and out of this 0.48%...95% are lossers leaving us with 5% being profitable..and even out of the 5% profitable 2% are considered actually professional traders.lol.
Yes, the actual percentage is very low; but the thing is; you may see there have so many success screenshots in the social media especially on FaceBook groups; no doubt most of them are the scammers!
  • #91
  • Jan 26, 2018 3:51am Jan 26, 2018 3:51am
I need to know especially from the senior traders
there is any different between successful and professional trader ?
  • #92
  • Jan 26, 2018 4:15am Jan 26, 2018 4:15am
Quoting donkush
hahaha what did you think...7.6Billion Humans and 77Million representing about 0.48% are traders and out of this 0.48%...95% are lossers leaving us with 5% being profitable..and even out of the 5% profitable 2% are considered actually professional traders.lol.
Well, that's a very good point Mr Revoked.
Successful traders are not like licensed pilots that manage to keep their planes in the sky.

Successful traders are clearly in the vast minority...
Come with me if you want to live....
  • #93
  • Jan 26, 2018 4:51am Jan 26, 2018 4:51am
Quoting MarkFxAnde
I need to know especially from the senior traders there is any different between successful and professional trader ?
Since the term “professional” means getting/making money from what they’re doing, I guess, almost all successful traders will be professional, i.e., trading for living ...
But the other way around is not necessarily true, not all professional traders are successful traders just because they’re getting paid ... Most managed-fund’s and proprietary’s traders aren’t successful ...
Market is not random but unpredictable
  • #94
  • Jan 26, 2018 5:13am Jan 26, 2018 5:13am
A guy, here at FF, wrote something like this:

Today's winners are tomorrow's losers...
Maadik Hugiis. IQ 69.
  • #95
  • Jan 26, 2018 5:13am Jan 26, 2018 5:13am
Quoting 4for4
{quote} Since the term “professional” means getting/making money from what they’re doing, I guess, almost all successful traders will be professional, i.e., trading for living ... But the other way around is not necessarily true, not all professional traders are successful traders just because they’re getting paid ... Most managed-fund’s and proprietary’s traders aren’t successful ...
Well said; I really agree with your opinion! Really, all successful traders are the professional.
  • #96
  • Jan 26, 2018 5:17am Jan 26, 2018 5:17am
Quoting MoneyZilla
A guy, here at FF, wrote something like this: Today's winners are tomorrow's losers...
I am only sure that the guy who wrote that is a today's loser and a tomorrow's loser
Don't give up on your dreams. Keep sleeping.
  • #97
  • Jan 26, 2018 5:27am Jan 26, 2018 5:27am
Quoting Rennaissance
I don't know your experience, but successful traders are very hard to find. A lot of guys who seem successful will fail over the long because they use negatively skewed strategies. What's your experience guys?
I have learned this from life - if you believe it's hard it will be hard for you. I came to forex because its so darn easy. Because I can spend more time doing things I love. Life is a mind game it's what you say it is... if you believe its hard there is no way in hell it will be easy for you - unfortunately there is no exception to this rule.
  • #98
  • Jan 26, 2018 5:34am Jan 26, 2018 5:34am
Quoting OneOracle
{quote} I have learned this from life - if you believe it's hard it will be hard for you. I came to forex because its so darn easy. Because I can spend more time doing things I love. Life is a mind game it's what you say it is... if you believe its hard there is no way in hell it will be easy for you - unfortunately there is no exception to this rule.
All what you are saying is very true. I came to the same conclusion. Our thinking affects the reality much more than we would assume. Actually, it literally creates the reality and I guess this is what you mean as well.
Don't give up on your dreams. Keep sleeping.
  • #99
  • Jan 26, 2018 5:37am Jan 26, 2018 5:37am
True in all walks of life, not just Forex trading. You should be asking yourself: Why and how can I be successful?

KP
Do your homework, follow the footprints of smart money
  • #100
  • Jan 26, 2018 5:49am Jan 26, 2018 5:49am
It is true that successful traders are rare. But against common thought there is a many successful retail traders. Percentage wise the number is not big but actual number is substantial. Most successful traders are just not interested to waste time in forums, arguing with other traders. They concentrate on what is important = trading. What have surprised me is that almost every thread here in FF is just a sandbox of people arguing and insulting each other. If one have time for that, maybe there would be time for learning trade better.
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