Do full-time forex traders exist or is it just make believe?

[Peternam]

Quote from wrbtrader:

http://en.wikipedia.org/wiki/Foreign_exchange_market

Of course full-time traders exist. Some work for themselves while others work for some bank. Just call your bank headquarters or check out their human resource department...they may just have their own traders or FX department.

You can even contact some of the FX traders @ http://www.dukascopy.com/

By the way, every year or every quarter...Dukascopy has this big FX trading competition (audited real money and sim) and the winners win this large cash prize, big award ceremonial and get job offers from some of the biggest FX firms in the business.

Yet, you see folks here at ET saying profitable traders that uses TA don't exist especially in forex but oddly during those interviews of the profitable (audited) FX traders...they talk about their charts and some even explain generally their use of "technical analysis".

Of course TA isn't the only thing they use...it's just one tool out of many they use but one thing they tend to talk about is money management, position size management, discipline, volatility and so on...less talk about TA but they say they use it.

Must be all faked.

P.S. How come folks from U.S. doesn't win those competitions...strange.

Hoe do you know that some of the winners of the dukascopy competition get employed by some of the biggest fx firms ? Such as ?

 

[clacy]

Pissing match aside, I have a buddy that does make low to mid 6-figures trading retail forex out of his house.

 

[marketsurfer]

Quote from Peternam:

Hoe do you know that some of the winners of the dukascopy competition get employed by some of the biggest fx firms ? Such as ?

What I am interested in is the person who has ever won one of those contests more than once in a row-- then it might signal something. Any gambler can get lucky and win the contest ( lottery ).

 

[1a2b3cppp]

It is just make believe.

http://www.realfibonaccitrading.com/2011/04/28/why-i-dont-trade-forex/

 

[1a2b3cppp]

Quote from cvds16:

Nobody in their sane mind is going to post their real account statements here. What good would come out of that ... And if they did the first thing someone would say if they were profitable is that they were photoshopped. Next thing they need some kinda notary or accountant. The whole discussion would evolve into whether this notary or accountant is really real ... we can go on like this forever. This whole thing here is turning into a discussion for kids in the kintergarten ...

Someone could post real time trades in a journal thread.

This would obviously be hard if they were scalping, but if it's longer term it's very doable. I've been doing it for years.

You can't edit posts here so there's no deleting trades that didn't work out or changing entry points.

Of course, I don't trade Forex.

 

[trade4you_brazi]

hey, guys, after oldtime jinxed me last night, I had a bad day. And I don't plan on coming back to this site. It's not totally bad, I just took the trade on the daily TF and now I'm in some drawdown, but still with the larger trend. I'm much more comfortable with lower TFs. But this is the worst DD I've had. Call it psychology.

You do very well for three months and then someone tells you it's a lucky streak. You work hard to create results and try to show verified results to people with one of the best verifiers in the business. And they still claim it's fake. It messes with your brain. For the sake of my results, I'm better off not talking with anyone.

Find me on Linkedin. There's no chatting there Likewise, if someone is up for a contest, also get in touch. I'm not difficult to find. I wish everyone a very profitable 2013.

Andrew

 

[FreakofNature]

Quote from trade4you_brazi:

hey, guys, after oldtime jinxed me last night, I had a bad day. And I don't plan on coming back to this site. It's not totally bad, I just took the trade on the daily TF and now I'm in some drawdown, but still with the larger trend. I'm much more comfortable with lower TFs. But this is the worst DD I've had. Call it psychology.

You do very well for three months and then someone tells you it's a lucky streak. You work hard to create results and try to show verified results to people with one of the best verifiers in the business. And they still claim it's fake. It messes with your brain. For the sake of my results, I'm better off not talking with anyone.

Find me on Linkedin. There's no chatting there Likewise, if someone is up for a contest, also get in touch. I'm not difficult to find. I wish everyone a very profitable 2013.

Andrew

I think you planned all along for your nick to not last too long.

Time for a new one I suppose.

 

[FreakofNature]

Quote from clacy:

Pissing match aside, I have a buddy that does make low to mid 6-figures trading retail forex out of his house.

I assume you mean, daily basis.

 

[clacy]

Quote from FreakofNature:

I assume you mean, daily basis.

No, I would say that low to mid six figures/yr is a decent living considering most of the people on this site live with their parents and haven't made that much in their entire life.

 

[Xspurt]

Quote from atticus:

FTW. 20k-car prints hitting the tape while he's banging the maid in his bathrobe!

Nah, we don't doubt you, xspurt.

Good catch, yella.

Wot's up Atticus - is my rookie making you wet your pants You really think 40 pips a day is outrageous?