Hey algo.
If you responding to a thread that I started then you must not been doing very well ignoring me! Haha lol
Dream Big !
- Thread starter Jdesey
- Start date
That there is a guy touting his wares and describes his company as
"MarketClub is your passport into the exciting and sometimes super profitable world of trading, where turning a small bankroll into a huge fortune is not an impossible dream."
Should tell you everything you need to know how rare and how difficult it actually is. I am not a fan of those articles because a lot of stupid and lazy people get very wrong ideas and their hopes up. It's ok to dream as long as one understands him/herself and his or her limitations and that the probabilities of success are so incredibly small, smaller than in almost any other venture in the world. 1 in perhaps 100 guys starting out still stands 5 years later. Out of the ones who still stand maybe 5 to 10% actually make serious money to make a living out of that. That is 1 in 1000 or 2000 that actually makes it. Quite a small probability given the time, funds, and efforts one has to put in to find out. I strongly advise anyone getting into this business to intensively analyze their capabilities and abilities to be consistent, risk averse (another trait almost every highly successful trader shares), hard working, incredibly driven. Most people just don't have it in themselves to succeed in this job. But too many believe they do.
"MarketClub is your passport into the exciting and sometimes super profitable world of trading, where turning a small bankroll into a huge fortune is not an impossible dream."
Should tell you everything you need to know how rare and how difficult it actually is. I am not a fan of those articles because a lot of stupid and lazy people get very wrong ideas and their hopes up. It's ok to dream as long as one understands him/herself and his or her limitations and that the probabilities of success are so incredibly small, smaller than in almost any other venture in the world. 1 in perhaps 100 guys starting out still stands 5 years later. Out of the ones who still stand maybe 5 to 10% actually make serious money to make a living out of that. That is 1 in 1000 or 2000 that actually makes it. Quite a small probability given the time, funds, and efforts one has to put in to find out. I strongly advise anyone getting into this business to intensively analyze their capabilities and abilities to be consistent, risk averse (another trait almost every highly successful trader shares), hard working, incredibly driven. Most people just don't have it in themselves to succeed in this job. But too many believe they do.
And that's where the real problem lies. Why can you without investigating your capabilities first?
Total BS.
I question the $400 but, one could have a hell of a good start with $25K in retail spot forex with a good 500:1 ECN broker. I've already hit 100% return trading the past 3 weeks with 16% DD on a $10K account, demoIt takes (real) money to make (real) money.
Oh? I didnt' know you can trade WITHOUT money.
Money is the most essential part of it.
The first question I always receive is: how big will be your account because we have minimum amounts.
They never asked me: how good are you as a trader?
So money is number one and knowledge is the absolutely least important ingredient in all this.
Everybody investigates his own capabilities, and everybody is sure he is much better than all these losers. Investigation should be done by a neutral professional party. But then 90% of all candidates would be refused, and also the business would shrink...
Even the biggest idiot who has a few hundred bucks can start "trading".
They are only interested in your money.
I once saw statistics about people trading Forex in the spot market. Theses stats could not be shared and where only for internal use of a broker who had around 65,000 people working for them at that time. Over 95% of their clients never made any money. I received a lot of clients from this broker because I made at least some money and by managing the capital of their clients they didn't have to find everyday new victims to replace the clients they lost.
Who is they? Some broker ass clowns and their sales pest? Please, spare us with the stories of those who do not know how to trade and thus play middle men.
Any self respecting and successful hedge fund manager, bank trader, self employed trader who is hiring others cares exclusively how good a trader you are. They do not ask how big your account is (they may ask but do not care really). If you are good you will be given funding in a professional trading job or as independent trader. People will chase you down day and night, they will plead with you, they will beg you to manage their money if you are any good (and can back it up with a track record). Obviously a profitable approach to trading will go along with growth in your bank roll. There is a relationship. But trust me, any seasoned and successful trader can talk to you for 10-15 minutes without ever wasting a single word on your bank account or money and they will see straight through you and with 99% accuracy assess your trading acumen.
Any self respecting and successful hedge fund manager, bank trader, self employed trader who is hiring others cares exclusively how good a trader you are. They do not ask how big your account is (they may ask but do not care really). If you are good you will be given funding in a professional trading job or as independent trader. People will chase you down day and night, they will plead with you, they will beg you to manage their money if you are any good (and can back it up with a track record). Obviously a profitable approach to trading will go along with growth in your bank roll. There is a relationship. But trust me, any seasoned and successful trader can talk to you for 10-15 minutes without ever wasting a single word on your bank account or money and they will see straight through you and with 99% accuracy assess your trading acumen.
This about sums up perfectly well your lack of understanding about this entire business. "Happy few" occasionally win the lottery but NEVER become successful traders.
Dreams come true... only for the happy few.