All this bullshit and long paragraphs could be avoided with a continuous statement and not hand picked days, but of course, its "Xspurt", expert in ambiguity.
Do full-time forex traders exist or is it just make believe?
- Thread starter zbojnik
- Start date
WTF? this is just too good LOL
First, we have a newb trader who is on track to take a 10k account to 1 million in a year-- via daytrading forex.
next we have a guy who had a small account 6 years ago and now is trading for a living from home, sometimes taking his position size up to 20,000 contracts per trade.
and there's ex HF mgr who trades in their chatroom and is one of the best traders ever
this is either a a sales pitch designed to entice pm's from struggling traders...... or its pure fantasy along the same lines as Hershey
Come guys-- this cant be real!
First, we have a newb trader who is on track to take a 10k account to 1 million in a year-- via daytrading forex.
next we have a guy who had a small account 6 years ago and now is trading for a living from home, sometimes taking his position size up to 20,000 contracts per trade.
and there's ex HF mgr who trades in their chatroom and is one of the best traders ever
this is either a a sales pitch designed to entice pm's from struggling traders...... or its pure fantasy along the same lines as Hershey
Come guys-- this cant be real!
Quote from maul3d:
There are profitable people that do this for a living, It can be done.
Here are a couple that use technical analysis, and even metatrader 4..
www.forexfactory.com/gregwilson <-- he posts account statements.
I also invite anyone to have a look at ;
www.forexfactory.com/anup
He is a trader from India, he usually deposits 5-10,000 and turns it into 40-50gs projected target before withdrawing / rinse and repeat.
He only uses simple TA, pattern trading... (Sorry marketsufer)
He has not been on in a long time, He just lost interest in posting on forexfactory. But I recall him having other accounts starting in the 4-5,000$ range and taking it up to $15,000 - 20,000$ in a week or two..
I know there are alot more, I just dont frequent forums much myself lately to actualy notice.
I looked at that 2nd link & noticed a quote from him that supports what Surf was saying.
"I never use any account for more than 30 to 50k profit.
The reason being once you turn to be profitable most brokers [MM]will start doing things to your order execution and slippage and many things which hamper trading and profits significantly. This is from the personal experience.
Thus i just move on...open new acct , trade -win or lose ..take profits , withdraw ..Fund acct with small money , start again, rinse and repeat".
I've never traded forex, so I don't know much about it.
Instaforex in general, does not have a great reputation. He is limited to it being a resident from India, and I am not quite sure, and don't quote me here, but I believe currency trading or any other time of speculation, is not legal in the country.
Overall, he proves that someone using patterns, and simple technical analysis is winning and making a living.
I hope marketsurfer had some time to have a peek, and comment.
Cheers