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  • #21
  • Apr 12, 2011 5:35am Apr 12, 2011 5:35am
Quoting ohammond
Stop comparing hedge funds to a normal retail trader, a 20 pip stop loss risking 2% of $10 billion is just not feasible now is it.
Which hedge funds trade forex? Could you please give me the website for these hedge funds.
  • #22
  • Apr 12, 2011 5:40am Apr 12, 2011 5:40am
My weekly return in Forex trading is about -100%, but I pimp out my hoes and sell some smack here and there to support my Forex habit.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #23
  • Apr 12, 2011 5:59am Apr 12, 2011 5:59am
Quoting M.A.C.Doug
It seems like I was wrong and lots of people here are making 5-10% every month if not every week, if not every day and doing it easily.
Wow .... who would have thunk it. I think I need to brush up on my trading skills. Why bother trading for yourself when you can get a multi-million paid job at a hedge fund with no risk. Let me ponder
Nothing worth having is easy.
  • #24
  • Apr 12, 2011 6:37am Apr 12, 2011 6:37am
Quoting Alassib
Which hedge funds trade forex? Could you please give me the website for these hedge funds.
I didn't say they were trading forex, I said STOP comparing the two because they are like apples and oranges.
  • #25
  • Apr 12, 2011 6:39am Apr 12, 2011 6:39am
Quoting Alassib
Which hedge funds trade forex? Could you please give me the website for these hedge funds.
george soros trades currencies.
  • #26
  • Apr 12, 2011 6:39am Apr 12, 2011 6:39am
Quoting Alassib
40% per annum compounded for 15 years returns 15000%.

What would be 240% per annum compounded return? 10,000,000%?
I think you need to read the post directly above yours
  • #27
  • Apr 12, 2011 7:59am Apr 12, 2011 7:59am
Quoting Custos
No idea why, you would be earning billions of dollars, if you did with your kind of return.

Yeah, maybe better to stick to your full-time job and only make your return on your account, while not making billions of dollars, right?

Sorry if I am a cynic, but if you were so good, george soros would ask you for your advice. And did that ever happen?
You've been trading for 3-5 years and yet you can't make 5% a month? Wow. Maybe you're the one who needs a job then. I gave you a thread, one of the largest on FF with 34,000 posts, and 3,000 attachments of tons of people making more than that per week, yet you are in disbelief. You probably haven't even looked at the thread. Some of the traders there make over $100,000 a week.

Tell me why a trader making $100,000 a week would go into work every morning and work for somebody else...
Cap
  • #28
  • Apr 12, 2011 8:04am Apr 12, 2011 8:04am
Quoting The Captain
You've been trading for 3-5 years and yet you can't make 5% a month? Wow. Maybe you're the one who needs a job then. I gave you a thread, one of the largest on FF with 34,000 posts, and 3,000 attachments of tons of people making more than that per week, yet you are in disbelief. You probably haven't even looked at the thread. Some of the traders there make over $100,000 a week.

Tell me why a trader making $100,000 a week would go into work every morning and work for somebody else...
Yes, I am going back to getting a job then

Just because a thread is large doesn't mean anything. And absolute figures don't tell anything about relative figures.
  • #29
  • Apr 12, 2011 8:08am Apr 12, 2011 8:08am
Quoting Custos
Yes, I am going back to getting a job then

Just because a thread is large doesn't mean anything. And absolute figures don't tell anything about relative figures.
Do yourself a favor and go look through the thread, If you can't make 5% a month after 3-5 years you are doing something wrong. I have had many 20% months. It blows me away to hear people in disbelief over 5% a month!! 5%!! That's 0.2% per day not compounded! How could you be a profitable trader and not make that???
Cap
  • #30
  • Apr 12, 2011 8:11am Apr 12, 2011 8:11am
Quoting The Captain
Do yourself a favor and go look through the thread, If you can't make 5% a month after 3-5 years you are doing something wrong. I have had many 20% months. It blows me away to hear people in disbelief over 5% a month!! 5%!! That's 0.2% per day not compounded! How could you be a profitable trader and not make that???
As I wrote to the other poster, I will definitely look into the thread. I am not that closed minded to disregard new ideas. But till I tested out the ideas offered in the thread you pointed me to, I can't say anything about the profitability of the concepts in that thread.

But thank you for your recommendation.
  • #31
  • Apr 12, 2011 1:30pm Apr 12, 2011 1:30pm
Quoting Custos
As I wrote to the other poster, I will definitely look into the thread. I am not that closed minded to disregard new ideas. But till I tested out the ideas offered in the thread you pointed me to, I can't say anything about the profitability of the concepts in that thread.

But thank you for your recommendation.
I'm with you on this one Custos. It's all well and good saying 5% a month is just 0.2% per day etc but achieving it is another thing altogether.

If anyone is willing to back up their claims of world-class returns with evidence I would be happy to listen but until then I feel that talk is cheap.

And whilst I am not levying this at anyone in particular it would seem to me that Forex Factory is either full of trading wizards or plain old bullsh***ers!
  • #32
  • Apr 12, 2011 1:33pm Apr 12, 2011 1:33pm
Quoting DanUK
And whilst I am not levying this at anyone in particular it would seem to me that Forex Factory is either full of trading wizards or plain old bullsh***ers!
Or Bullsh**ing Wizards!
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #33
  • Apr 12, 2011 1:35pm Apr 12, 2011 1:35pm
Quoting DanUK
I'm with you on this one Custos. It's all well and good saying 5% a month is just 0.2% per day etc but achieving it is another thing altogether.

If anyone is willing to back up their claims of world-class returns with evidence I would be happy to listen but until then I feel that talk is cheap.

And whilst I am not levying this at anyone in particular it would seem to me that Forex Factory is either full of trading wizards or plain old bullsh***ers!
well said
  • #34
  • Apr 12, 2011 2:32pm Apr 12, 2011 2:32pm
to anyone : google "nothing to something scalping system" and read what tremblinghand has done with his friends truly meager amount of money in just a matter of weeks and then tell me why anyone should be happy making next to zero money trading!

the desire to only earn approximately what a savings account pays in interest (which requires zero time and effort, unlike trading) seems a little BACKWARDS. what is the POINT? what is the REWARD from trading if it's not MONEY? is it the opportunity to tell people (who don't care) that you are a trader? is this all just an ego stroke of some sort? does it give you a rise to talk nonsense about currency x rising due to situations a b and c, and all of the EPIC BATTLES you wage against the flows of money as well as the evil-doing brokers who hunt your stops (i see this often on this forum. so many bad-ass warriors in here for real yo!). YOU ARE A TRUE WARRIOR (laugh). YOU ARE VICTORIOUS (oh dear)... gaining your super-impressive 'YOU ARE THE NEXT GEORGE SOROS' trophy-winning 5, 10, 20% per year from trading (brain implosion).

if you have a million+ then great. earn a pathetically low % as there honestly is no point putting much capital at risk to simply maintain an already truly bitchin lifestyle, and you can afford to make little % gains as they equate to large real dollars that trump slaving for some blue or white collar clown. you have already won and can afford to be on cruise control and have a dabble in trading if you want. if you DON'T have a few million already and are aiming for such low returns then WHY EVEN BOTHER? i guess if you set the bar low enough you might actually achieve it. i suppose "being profitable" is a black and white situation for some, and taking a year to earn such little reward is TOTALLY A WIN, and YOU ARE A PROFITABLE TRADER... wasting time and energy and spending time on a forum uneducating everyone who takes the time to listen to you. YOU ARE NOT A FAILURE AND CAN HOLD YOUR HEAD HIGH AND TEACH THE MASSES HOW IT'S (not) DONE!

aiming to marginally beat inflation or a savings account is a massive epic failure in my eyes, unless the situation is that there are a hell of a lot of current millionaires in the forum who can truly afford to risk and gain so little. if that's the case then more power to you all, and you would do the rest of us profoundly more benefit by educating us on how to become that wealthy so we can ALL then risk little to earn little reward that equates to large real dollars.... else it's all just a serious waste of time and pointless.

really, it sounds like a lot of you are simply barely tipping past breakeven. i wouldn't be surprised if y'all are also on slow timeframes playing the positive side of a slow luck-streak or slowly hitting the tail-end of a fading edge that is dying or already dead.

the way some of you talk is as though every trader who has ever traded for a living was somehow already magically rich enough to be 'a trader' making small returns on time and capital. every trader who trades for a living must have been born into major money, or found a magic lamp with a genie inside, or found a suitcase full of 100 dollar bills the day before they decided to trade for a living. no one else has EVER done better than the average returns of hedge funds and whatever billionaire name you want to name-drop. if they can't make 100% returns on their billions within a week or month then NOBODY ELSE has any business expecting to make 100% returns on whatever amount of capital they have available, right?

THE WORLD IS STILL FLAT PEOPLE. MAN CAN NOT FLY AND NEVER WILL!

truly ridiculous stuff...
Congratulations ScalaFX for coming out of the closet!
  • #35
  • Apr 12, 2011 2:44pm Apr 12, 2011 2:44pm
Quoting nubcake
to anyone : google "nothing to something scalping system" and read what tremblinghand has done with his friends truly meager amount of money in just a matter of weeks and then tell me why anyone should be happy making next to zero money trading!

the desire to only earn approximately what a savings account pays in interest (which requires zero time and effort, unlike trading) seems a little BACKWARDS....
I don't know what's the problem with slow and steady. If you make 50% a year each and every year consistently then on a 10,000 $ account you will achieve around 4,000,000 $ after 15 years. That is a 40,000% return.
As far as I am concerned, slow and steady is far superior to high and volatile.

It is interesting, in sports, the world records are regarded as highly and even a slight improvement is a great achievement. Nobody would ever expect new contestants to significantly beat the world records, just minor improvements.
Now if records are set in trading by publicly known traders, everybody thinks they can beat those traders by a few hundred to thousand percent and that in their spare-time. If you can beat the best traders in the world consistently by 10%, then it is already amazing, cause they got all the technology, money and professionals on their side.
Seems like the world-class traders must do everything wrong, and the people here in this forum everything right.
  • #36
  • Apr 12, 2011 2:54pm Apr 12, 2011 2:54pm
Quoting Custos
I don't know what's the problem with slow and steady. If you make 50% a year each and every year consistently then on a 10,000 $ account you will achieve around 4,000,000 $ after 15 years. That is a 40,000% return.
As far as I am concerned, slow and steady is far superior to high and volatile.

It is interesting, in sports, the world records are regarded as highly and even a slight improvement is a great achievement. Nobody would ever expect new contestants to significantly beat the world records, just minor improvements.
Now if records are set...
just the same old story.

like i said, my bike goes from 0 to 100 kph in around 2 seconds. by your reasoning this is simply IMPOSSIBLE because after only 1 minute i would be going around 3,000 kph! obviously i'm a liar or expecting too much because the fastest a bike has ever been recorded going is nowhere near that speed. do the math.

seriously, come on.
Congratulations ScalaFX for coming out of the closet!
  • #37
  • Apr 12, 2011 3:01pm Apr 12, 2011 3:01pm
further to my last post... if you are making 50% on $10,000 in a year, then i would honestly, no joking or sarcasm or anything but true bottom-of-my-heart honestly, expect that after 15 years you would have given up a long time ago when you came to the conclusion that what you are doing is not worth the time and effort (and probably actually net unprofitable once enough trades have finally been done)
Congratulations ScalaFX for coming out of the closet!
  • #38
  • Apr 12, 2011 3:02pm Apr 12, 2011 3:02pm
Quoting nubcake
just the same old story.

like i said, my bike goes from 0 to 100 kph in around 2 seconds. by your reasoning this is simply IMPOSSIBLE because after only 1 minute i would be going around 3,000 kph! obviously i'm a liar or expecting too much because the fastest a bike has ever been recorded going is nowhere near that speed. do the math.

seriously, come on.
If you have a technological advancement, then it is possible, but if you use the same technology as everybody else, then it is highly unlikely.

And since the hedge funds, investment banks and so on are the ones attracting the brilliant minds, investing huge sums in R&D and so on, it is only normal to expect them to outperform people who don't have that.

You wouldn't expect a guy building a better space rocket in his garage than nasa, right? If he did, then nasa is seriously doing something wrong.

Ergo, if normal traders can outperform institutions by an arm length, then it means that the institutions are seriously doing something wrong and should ask the normal traders for help.
  • #39
  • Apr 12, 2011 3:05pm Apr 12, 2011 3:05pm
Quoting nubcake
further to my last post... if you are making 50% on $10,000 in a year, then i would honestly, no joking or sarcasm or anything but true bottom-of-my-heart honestly, expect that after 15 years you would have given up a long time ago when you came to the conclusion that what you are doing is not worth the time and effort (and probably actually net unprofitable once enough trades have finally been done)
Maybe I have a longer attention span than you, so I could endure 15 years? Also maybe I already performed enough trades to be sure of the consistency? I think everything above index market rate is worth time and effort.
  • #40
  • Apr 12, 2011 3:24pm Apr 12, 2011 3:24pm
Quoting Custos
If you have a technological advancement, then it is possible, but if you use the same technology as everybody else, then it is highly unlikely.

And since the hedge funds, investment banks and so on are the ones attracting the brilliant minds, investing huge sums in R&D and so on, it is only normal to expect them to outperform people who don't have that.

You wouldn't expect a guy building a better space rocket...
jesse livermore, mark zuckerberg. bill gates. steve jobs. every mum and dad home business that takes off (tired so can't think of anyone else off the top of my head)... they do not exist as they can't possibly be surviving from starting with such meager amounts as has forever been reported. the only way they can possibly exist is if they already had a million or 2 spare to throw around and in this way they can then create what they have and get initial returns that are to the proportions which satisfy your expectations of what is possible. so we have all been lied to? is this what you are saying? all entrepreneurs who started with literally nothing and are now rolling in money don't exist as that would be outside of the expected returns you base your trading existence around?

wow.

do you truly not understand the concepts of what is possible to generate from unimaginable amounts of money versus small amounts of money? surely you understand that :

1. the markets have an 'uncle' point where it's simply not feasible to push more dollars through easily?
2. therefore, hedge funds aren't doing a lazy multi-billion dollar scalp on the london open each and every day
3. the more money you have, the less return you need to be wealthier than just about everyone else!

anyone who regards turning a few billion into a a lot more billions as exactly the same process as turning a few grand into quite a lot more is clearly insane or unable to use simple reasoning skills that most people should have. it's such a ridiculous premise.
Congratulations ScalaFX for coming out of the closet!
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