rozayx5:

it has closed above 200 ema on daily

u r right, but nothing is certain

fxbomovi: gold is likely touching 1290
bulls beware

You may be right. But we will see. In the past few month I stopped forecasting where Gold will reach because it doesn't work most of the time. Got 120 pips from the buy and already in a sell (1315). Just following my system as it flow.

why are traders advised not to use big leverage considering d fact that big leverage gives u more purchasing power!

Shevychen2:

You may be right. But we will see. In the past few month I stopped forecasting where Gold will reach because it doesn't work most of the time. Got 120 pips from the buy and already in a sell (1315). Just following my system as it flow.

+1000

fxbomovi: why are traders advised not to use big leverage considering d fact that big leverage gives u more purchasing power!

it more or less encourages gambling
i use 1:100 now, before i used to trade with 1:400

dat is why i see retail forex die soon few years from now cos it encourages gamblers. d US are trying to put leverage at 1:1 meaning no leverage. basically what dat means is dat for u to even manage to trade 1 standard lot i.e $10 per pip, you must have a capital of $200,000 in ur acct. no more margin (borrowed money from ur broker). it will be a welcome idea. if u give me 500k naira i can triple it in 5 months without forex. agro business will do it. but then God let me tap 4rm d international cake before d collapsed.

let us be honest how many of u will still trade then when there are less risky biz without high blood pressure? How many of u can even start with such capital? The gud news is dat d best traders will have a chance trading for big investment institutions if they still like d biz.

remove leverage and forex participants will shrink. speculation will fall and natural demand/supply will start to work effectively. gamblers will go. it can even take 5 years to double ur acct then

^^ ;

i expect 1308 area to hold on gold and hen reverse from there back up again and finaally break 1322...

fxbomovi: why are traders advised not to use big leverage considering d fact that big leverage gives u more purchasing power!

Very Good question! I've also pondered about it.
Replies please

Hunkyimage:

Very Good question! I've also pondered about it.
Replies please

it's good to know that am not alone in this.

I think all this talk about leverage, margin etc are just unnecessary,; the % of your account at
risk is what matters, and has nothing to
do with the so-called leverage available
on an account.

onlineresource: i expect 1308 area to hold on gold and hen reverse from there back up again and finaally break 1322...

+1.............watching from the sidelines here too

buying ECAD

Dear Friends,

Come partner with a multi-billion Dollars American firm in the Oil & Gas industry and get your share of the oil wealth with a token one-time start-up capital of ₦112K. This opportunity is unbelievable, real and uncommon in this industry. Stop looking for someone to employ you. Start your own business! Meet with individuals (students, doctors, bankers, businessmen, etc) who have been earning ₦400K+ every month within 6 months of starting out with ₦112K and see the simple steps they took to achieve this. Additionally, their income keeps growing monthly for life.

Please allow me to invite you to a free 2-hour seminar where you have the opportunity to hear from the company directly and ask all the questions you have. Take this as an invitation. Call 08121547560 (Mr. Pious) for seat reservation. If you live outside Lagos, call 08121547560 for direction to the nearest seminar location to you in your state.


Two free seminars come up this week in Lagos; whichever is conducive for you, you may attend.

1) Syntek Global, USA Free 2-Hour Seminar.
VENUE: Maridon Palace Hotel, Sango.
DATE: Sunday, 20th July, 2014.
TIME: 3pm prompt.
DIRECTION: From Oshodi, catch Toll Gate or Sango bus; drop off at Toll Gate bus stop. Cross over to the other side of the road and walk to Maridon Palace Hotel.


2) Syntek Global, USA Free 2-Hour Seminar.
VENUE: Sweet Sensations Restaurants (Beside MTN).
DATE: Monday, 21st July, 2014.
TIME: 11am prompt (Be there by 10:30am for check in and to get a seat. Hall is usually filled up by 11am)
DIRECTION: From Ikeja, catch Keke Marwa to Opebi. Stop at Opebi Round-About in front of Sweet Sensations.

Please be there on time or you may end up standing or be denied access. The halls are usually booked for 2 hours only. Because Lagos is still running free, halls are usually filled up early. Abuja attendees pay ₦1,000 as gate fee. Port Harcourt, Benin, Warri, Ibadan, Kaduna, Oshogbo centres all pay ₦500 as gate fees.

God bless you as you come!

Moved my trade to BE.. Whatever happens now we go see.

fxbomovi: I think all this talk about leverage, margin etc are just unnecessary,; the % of your account at
risk is what matters, and has nothing to
do with the so-called leverage available
on an account.

My mentor told me that since Forex market has a lot of money flying around, too many bullcrap will be flying around too as everyone try to get their money by hook or crook. He said 90% of all the everyday advice you read on forex blogs are unproven lies and they are the reaosn why very few people survive in the market. This includes the 2% rule etc.

What matters in this business is how much can you lose and how many consistent lossses can you endure during a range before a breakout hapens. When the brekaout happens you will recover your losses usually. The mistake is that people use these hard and fast rules for every instrument and fail badly. They lose a good chunk of their account in a range and don't make back enough during a breakout. Risk should be calculated based on volatility of a pair not a rule created by someone trading something else different from you. For example, risking 2% while trading only EU is waste of time seeing its low volatility..E better to leave that money for bank.

The leverage thing is preached so you don't milk brokers. if you know how to calculate your risk, 10000:1 leverage or 100:1 leverage means nothing. if they are advising low leverage to protect the traders why do they automatically reduce your leverage to 100:1 when you hit $100K?

To cut long story, most common myth we hear and read in forex are just myth. Until you break out of it you will remain like others.

easypee: Dear Friends,

Come partner with a multi-billion Dollars American firm in the Oil & Gas industry and get your share of the oil wealth with a token one-time start-up capital of ₦112K. This opportunity is unbelievable, real and uncommon in this industry. Stop looking for someone to employ you. Start your own business! Meet with individuals (students, doctors, bankers, businessmen, etc) who have been earning ₦400K+ every month within 6 months of starting out with ₦112K and see the simple steps they took to achieve this. Additionally, their income keeps growing monthly for life.

God bless you as you come!

People money go loss again. Guaranteed.

Shevychen2: Moved my trade to BE.. Whatever happens now we go see.



My mentor told me that since Forex market has a lot of money flying around, too many bullcrap will be flying around too as everyone try to get their money by hook or crook. He said 90% of all the everyday advice you read on forex blogs are unproven lies and they are the reaosn why very few people survive in the market. This includes the 2% rule etc.

What matters in this business is how much can you lose and how many consistent lossses can you endure during a range before a breakout hapens. When the brekaout happens you will recover your losses usually. The mistake is that people use these hard and fast rules for every instrument and fail badly. They lose a good chunk of their account in a range and don't make back enough during a breakout. Risk should be calculated based on volatility of a pair not a rule created by someone trading something else different from you. For example, risking 2% while trading only EU is waste of time seeing its low volatility..E better to leave that money for bank.

The leverage thing is preached so you don't milk brokers. if you know how to calculate your risk, 10000:1 leverage or 100:1 leverage means nothing. if they are advising low leverage to protect the traders why do they automatically reduce your leverage to 100:1 when you hit $100K?

To cut long story, most common myth we hear and read in forex are just myth. Until you break out of it you will remain like others.

Give me a hug son!

.

easypee: Dear Friends,

Come partner with a multi-billion Dollars American firm in the Oil & Gas industry and get your share of the oil wealth with a token one-time start-up capital of ₦112K. This opportunity is unbelievable, real and uncommon in this industry. Stop looking for someone to employ you. Start your own business! Meet with individuals (students, doctors, bankers, businessmen, etc) who have been earning ₦400K+ every month within 6 months of starting out with ₦112K and see the simple steps they took to achieve this. Additionally, their income keeps growing monthly for life.

Please allow me to invite you to a free 2-hour seminar where you have the opportunity to hear from the company directly and ask all the questions you have. Take this as an invitation. Call 08121547560 (Mr. Pious) for seat reservation. If you live outside Lagos, call 08121547560 for direction to the nearest seminar location to you in your state.
Two free seminars come up this week in Lagos; whichever is conducive for you, you may attend.
Please be there on time or you may end up standing or be denied access. The halls are usually booked for 2 hours only. Because Lagos is still running free, halls are usually filled up early. Abuja attendees pay ₦1,000 as gate fee. Port Harcourt, Benin, Warri, Ibadan, Kaduna, Oshogbo centres all pay ₦500 as gate fees.

God bless you as you come!

hmmm another NOSPETCO thinz.

naijababe:

Give me a hug son!

naijababe:

Give me a hug son!

natruetalk:

hmmm another NOSPETCO thinz.

Ain't it just!

naijababe:
Give me a hug son!

hahaha.. Abeg oo

Shevychen2:

hahaha.. Abeg oo

Calm down, it is just a big sister hug

adeyinkabasir: buying ECAD

e be lyk say i go EX comot for dis trade and enter for G/CAD and G/AUD SELL

Shevychen2: Moved my trade to BE.. Whatever happens now we go see.



My mentor told me that since Forex market has a lot of money flying around, too many bullcrap will be flying around too as everyone try to get their money by hook or crook. He said 90% of all the everyday advice you read on forex blogs are unproven lies and they are the reaosn why very few people survive in the market. This includes the 2% rule etc.

What matters in this business is how much can you lose and how many consistent lossses can you endure during a range before a breakout hapens. When the brekaout happens you will recover your losses usually. The mistake is that people use these hard and fast rules for every instrument and fail badly. They lose a good chunk of their account in a range and don't make back enough during a breakout. Risk should be calculated based on volatility of a pair not a rule created by someone trading something else different from you. For example, risking 2% while trading only EU is waste of time seeing its low volatility..E better to leave that money for bank.

The leverage thing is preached so you don't milk brokers. if you know how to calculate your risk, 10000:1 leverage or 100:1 leverage means nothing. if they are advising low leverage to protect the traders why do they automatically reduce your leverage to 100:1 when you hit $100K?

To cut long story, most common myth we hear and read in forex are just myth. Until you break out of it you will remain like others.

thanks for this piece... guess that why i hate going to news site to be looking for market direction when its all on my chart telling me which way...

naijababe:

Calm down, it is just a big sister hug

that hug na transfer of anointing... me wan tap from am oooo

onlineresource:

thanks for this piece... guess that why i hate going to news site to be looking for market direction when its all on my chart telling me which way...

If i tell how much suffering I went through when I listened to Bloomberg and CNBC eh, you go pit me plenty walahi

naijababe:

If i tell how much suffering I went through when I listened to Bloomberg and CNBC eh, you go pit me plenty walahi

kai.... even forexfactory sef i no go.... the last time i opened that page was when i was told to check time of release for
someone... na just me and my chart...

onlineresource:

kai.... even forexfactory sef i no go.... the last time i opened that page was when i was told to check time of release for
someone... na just me and my chart...

This thread is the only trading related activity I do other than looking at my charts.

oil is about to fall.

16 years trading... My biography Found this on one forex forum, love the honesty and decided to share. Please read!

What are the parameters to measure if you are successful in trading ?...

Let me put it like this: what are the criteria to conclude if one is a successful baker or a plumber of lawyer or doctor or housewife …or a trader ?...

With this topic I would like to share my life as a trader or give my biography as a trader.

I am now 48 years old “young”. When I was 16-17 years I saw that my father red once per week a “special” newspaper that was filled with numbers and numbers and numbers. It looked like a newspaper with numeric coding between special agencies of different countries. I could not understand that one could find information or learn something from the enormous amount of numbers and names that did not mean anything at all to me.

The names were the names of different stock and bourses and the numbers were the quotes of stocks and indices and indexes and currencies.
Fact was that I had the feeling if one can read such a newspaper and find his information in that puzzle of tons of numbers must be a very intelligent person. So my first inspiration to become a trader was more to become someone that can read such a newspaper so I could feel intelligent ;-) . By the way that newspaper was the Belgium equivalent of the Wallstreet Journal.

A couple of years later when I was about 19-20 years I started to have a serious interest in the stock markets. To find information about stocks I needed to buy that very same newspaper (because we were still very far away from the internet and its highway on information).
I started to understand more and more the information that this newspaper contained but also started to have second thoughts on the word NEWS. Because I felt that in the financial world the moment that you read it in a newspaper (the day after what happened) something completely different is happening on that very same moment. When I red in my newspaper that the bourses or stock markets went up or down (the day before) that on that very same moment the stocks were going the opposite direction. So I realized that trading in a very accurate way was only for those who were standing in the pit or had the real time information from the stock exchanges. That made me decide to keep away from that circus where I felt I could not be part of. I still followed what was happening but only from the corner of my eye.

A couple of years later a new information source was born and that was teletext. On my TV I could read information about sport or national or international news but also about the stock markets. BUT with an hour delay. Lets call this information the very first steps that would lead to the internet. Immediately I felt that maybe now I could do some business or become a part of the financial world. My interest became so big now that I also felt that just plain normal stocks would not be the game that I wanted to play.
They felt heavy, to slow, to much capital invested and most important you can only make profit with stocks if they go up. When stocks go down you loos money.

Somebody that I knew (which later became a very good friend of mine and I am still managing his money) started to explain that there is also such a thing as options on stocks. He told me that there are call options and put options. And depending if you buy or sell them that one can make money with them even when stocks dropped. That was the moment that some HOLY FIRE started to burn inside of me. It made me realize that I no longer needed to depend on the mass hysteria that pushes a stock up so that I could make money. On the contrary. When I feel that certain stocks would go up I buy myself some call options. When I feel that stocks would go down I close my call options and buy myself put options. Yes yes yes I can also be rewarded for my vision if it would be bullish but also bearish. The feeling and knowledge that I could be in control of bourses or prices going up but also down changed my whole life. From that moment on ( the year 1995) it became clear to me that this would be the path that I wanted to follow. Be part of the financial world. And the better that I could predict the market fluctuations the better I would be and the more money I would make. But important was that my main goal was not the money. It was the capability to predict where markets would go to.

The very same moment the internet was born, I immediately felt and knew that this would be a MAJOR thing for people who are traders. Major in finding news in getting quotes in real time. In getting brokers so one can get in and out of a position with the click of a mouse.
Little did I know that this was only the very beginning of a very long journey that would have enormous consequences in my life. I thought that with the internet it would take me only a couple of months to become a professional trader. By professional I mean that I would be able to make a living out of trading. On that moment I was still a real estate agent. I made a good living. I drove a Porsche 911 Targa. I had a relation with a very beautiful woman. I had to 2 fabulous sons with her. We had bought our house 300meters away from the beach and with a open view on the park. In a few words, we were the dream couple and family.

But I had this fire burning in me and wanted to become a trader at all cost. As said earlier, I realized (on that moment) that the main thing was to be able to predict the movements of markets or indices or stocks. I got involved with the first software programs that were able to do technical analysis. Those programs contained technical indicators that opened an other whole new world for me. Names as stochastic and Par. Sar and MACD and RSI and moving averages gave me the feeling that I had some secret weapons in my hand that 99% of the financial world does not know about and if I would study them very thoroughly I would have an edge on the “rest” of the financial world. I also started to buy books through amazon.com about trading and candle sticks and trading techniques.

I started to learn to build my so called own systems…etc etc… I was spending 16 hours per day in front of my pc. And this for 7 days per week. Needles to say that my beautiful wife was not happy with this at all. We had many discussions and heavy fights about the way how I was living. No more interest for her or the kids or social life or friends or family. I knew and realized what she said made sense but again that holy fire was burning inside of me and it was even getting stronger and more important then all the rest in my life. I wanted and would become a trader. I wanted to become one of the best traders ever. Where at some point she confronted me with the choice: or I continue with what I am doing or we separate. On that moment I was loosing as much money as I made money. Sometimes I made a very big win with a big position but a couple of weeks later I had lost all that money. In short I was not making a living out of trading and was happy to be with my wife who actually paid the bills (because my interest in real estate got to a zero point.

It was a very hard decision for me to take but I went for the quest that I had in my life. To be part of the financial world. To do something where I was better in then the rest or the big crowd. To do something that I developed. That came out of my brain. Not something that people around me would like me to do.

On that very same moment I red a quote from Confucius who said: Find a job that you like and you will never need to work one day in your life. For me that was the answer that I searched in my decision and it was made. I gave up on a beautiful family and knew that from that moment on it was only me and the financial world and no more support from anybody. No more financial support, no more emotional support. Only me against the financial sharks. No mercy, eat or be eaten. With taking that decision I got 50% of the value of my house on that moment (the year 2000) 125.000€ I was learning very fast because the time that I took to learn was beyond what every other human would do. I slept in front of my pc. Was reading every book on trading. I was even able to write a book. My learning curve went up like a rocket. When someone would have cut open the veins in my wrist there was not a drip of blood that would have come out of it. Only charts, logarithms, systems, charts, indicators etc. And was I making money ?.. HELL YES. I was making an insane amount of money. I was making money like I never dared to dream.

BUT..yep as you expected here is the big but. I was trading in such a way that sooner or later it would lead to a total destruction. I had hardly ever a stoploss on my trades and was continuously averaging down. Every time I succeeded in my averaging down I made a lot more money. Brokers personally warned me (in that time one had only telephonic brokers) every time with the words: Igor, you got away with again but sooner or later you are going to get stuck in positions where you will loos everything in a couple of days.
As said I felt on top of the world (arrogant) and had no ears for what they said.

The 21st February 2001 ( 1 year after my divorce) my arrogance was stopped abruptly. In 48 hours I lost everything, every penny, dollar, euro that I had made and saved in my life. I had taken so much future contracts on the long side on the daxxetra ( german stock index) by continuously averaging down where on that moment that index (future) was dropping like a meteor that is falling to earth.
My broker called me after the trading session and said to me: Sorry Igor all your money is gone. I did everything to keep your positions open as long as possible. To even go over your margin till the zero point. But tomorrow you can’t trade anymore. Because no more money.

I said to him: Thank you and laid down the phone and got in the most scary trance for 2 days without going to sleep. I kept staring to my chart and to my broker platform. I had the most empty helpless and dying feeling one can imagine. I felt that the sharks had eaten me completely and that on that same evening not one of those shark would feel any compassion for me or realize that somebody has lost his life. Because they don’t know me. They do not see my face. They do not know how I feel. They did not know what I gave up in my life (wife and family) to get to this point.

This feeling got stronger and stronger till I was sure that I wanted to commit suicide. I started to think how ?... I hate pain and violence. So pills were the most obvious key to me to some sort of heaven or hell for traders that had bad luck or did wrong. On that very same moment (not sleeping for 48hours) my son, he was then 8 years, came in my apartment with the most lovely smile and said the most awakening words: Hello DADDY. He came to me and gave me a kiss while placing his arms around my neck and I placed my arms around him and held him so tight that he said DADDY what are you doing? On that moment I realized that suicide is no option at all because my sons need me and love me and I love them with all my hart.

A couple of days later my decision was made. I wanted to continue to be a trader. But I did not had a pot to piss in anymore. I realized to start to trade immediately would not be a good decision because I would only feel revenge and wanted to get my lost money back ASAP. I realized that this would only lead to revenge trading and that this would be the ideal ingredient to failer. I talked to my friend who had invested in me and explained my case. I explained him also my trading style and where I made crucial errors. On that moment we were the month of June. He said to me: I am going to pay you a very small monthly income. With that income I know you can hardly survive. But live like a monk. Trade for 3 months on a demo account and show me that you do not average down anymore and that on every trade you have a pre-defined stoploss and take profit.

I traded nearly 3 months on a demo account very strictly and with an enormous discipline and at the end of September my friend said to me: Lets go live again!... I felt that this would be my absolute last chance to make it as a trader. I decided that the money I had lost was absolutely lost. I accepted my defeat. I looked with a clear mind to the future and knew that I needed to start from zero again. Humble and modest. I was 38 years old then.

Everything went smooth and well. I started to put more and more of my trading decisions into expert advisors. I knew more and more that system trading is better then discretionary trading. No more feeling like greed and anger. It went from better to good. I started a new relationship. She was again a great woman and had a lot of friends ho had some money to invest. More and more money was added to my account as an account manager. Where at some point I was trading 1 Million dollar. I was doing so good that again this dark evil greedy little devil sat on my shoulder and said to me: Boost up your risk. Make more money. You can do it..etc…. I started to investigate my own trading so much or lets say to much that I took again huge risks BUT suddenly I lost 50% of the capital that people had invested with me. Immediately people abandoned my sinking ship. My relationship broke up again and her friends told me that they wanted to stop and before I knew it I was back on the street with nothing. No more relationship. No more money.

I moved to a very small apartment. The right word for it would not be an apartment but a letterbox. When I moved my head from left to right it caused a head injury. I had a very long thought about my live and realized that the path I decided to walk nearly 10 years ago had brought me nowhere. I felt like a trader, I was a trader, but that was it. I had not 1 euro in my pocket. No car. No house. Only my 2 sons that still supported me and also my trading friend that had supported me from the very beginning I asked him again if he could help me. He was again positive and said to me: You do not need to come to me I am going to bring you every month 1250€. Within 1 year you need to make money. If not then we finish with each other. This can sound strange but he knew and I knew that at some point you need to let go of your dreams. Especially if one is on that moment 42 years.

I lost on that moment an 18 year relationship with my wife, my house and only see my children every 2 weeks.

At this moment I was spending a lot of time on forums like strategybuilder.com and the forum here forex-tsd. I knew of myself that I knew a lot more then most of the so called traders or people that wanted to make a living out of trading. I knew that it is the most hard road to walk on. The most impossible job that one can pick up. That one can do very well for several years and suddenly one can loos everything in a matter of days or weeks.

Bit by bit I started to build up a reputation here on forex-tsd and on some other forums. In this way that I knew that many people started to follow me. I had many hits on the topics that I started or the postings that I made. This gave me the final boost or launch in my trading life. I started to realize that I not had only pressure of my friend who sponsored me but also hundreds of people that followed me. And this made me to get my act really and finally together. That was tradin in a NORMAL conservative way. Stick to my systems but don’t get attempted to take to much risk. Making 50% profit is huge compared to Warren Buffet who makes “only” 30% yearly and this for 35 years now and became the 2nd richest person in the world. I said over and over again: forget to make several hundreds percentage of profits because that is always leading to destruction (sooner or later). It can sound silly but even after all that time I was still learning every day. Not only to trade in a certain way but all the ways how one should not trade. I became on absolute expert in money management , where before I thought that money management is not trading more then 2% risk per trade.

I realized that to stay alive as a trader is to not take to much risk AND don’t place your eggs in one baskets. Trade several pairs. Trade several system. Trade with several brokers. Go for a small but sure yearly profit instead of risking a whole farm but ending up with burning that farm.
Of the several hundreds of people here on forex-tsd, there were people who had serious capital. And from one came to the other. The snowball started to roll and we got in contact with each other. They started to invest also some small money in me. Some of them left me already after a couple of weeks or months because of some normal trading losses I made where they hoped like me before, to only make profit and never make losses. But I did not worry anymore. I knew it was a natural selection between “investing capital” and “risk or casino capital”.

I progressed in such a way that now my best friend is still trading with me (which I want to thank him for very much because he believed in me from the very beginning and because of him I am still a trader) and all of the other people that with the years invested more and bigger capital in me. Also and especially forex-tsd that gave me a forum to make myself public so I could do my thing and give me the opportunity to earn money through trading by teaching developing and helping other people to make money through trading. I survived on giving lessons and having a trading room. During that same period I continued to develop further and further my systems and placed them in expert advisors that I leased to others and at some point kept for myself because I had enough money that was invested in me.

As I write this I have 1.3Million $ invested in my pamm accounts as an account manager and I am also employed as a trader for an institutional investment company in Eastern-Europe. One very important thing I know is that I will never get attempted anymore to take to much risk or think that I could get rich in 1 year time. I have months that I don not earn 1 single penny or dime or euro (except my income for the investment company). And I have months that I earn the same amount of money as 10 postmen are earning in Germany. This means that my monthly income is very volatile like the forex can be or that I never know in advance what my income will be. But that is what I want. I could never live with the knowledge how much money I would make every month because that sounds or feels for me like counting the days till I die or that I get my pension.

My investors are very pleased with the return they get on their investment. They get a lot more then on the stock exchanges. And the investment they make with me is not stocks correlated. I still live in my letterbox apartment. I still do not drive a car. But I know that I live from my trading and that this was my quest and ambition from the very beginning. Being a part of the financial world and be smarter then 95% of the financial world. Because 95% of the people who trade need to stop after 3 years. I want to thank the people who believed in me and the people who invested in me. I am glad to be a trader. It is the most difficult job in the world. You need to be more then a shark to survive in this world. Even after several years being profitable one can still stand on a cliff and have the urge to jump from it because you lost everything in your life.
If had the chance to do it all over gain, would I still become a trader ?...That is for me the absolute most difficult question to answer. I really don’t know. It had to give up so much in life to become a trader. I lost 2 beautiful relationships. But it gives me so much satisfaction to be a trader…I live from my trading, I am independent, nobody tells me what to do, I can do my job from anywhere in the world as long if I have an internet connection. And like Confucius pointed me to : I never had the feeling that I worked one day in my life because I love my job as trader enormously.

So I attempted to say: YES I AM a SUCCESFUL trader. I am making a very nice incomme now. But I would never recommend to someone to become a trader. It is by far THE most difficult difficult thing one can do. A VERY important detail was that I felt from the very beginning and throughout my whole trading career was that there is the rule that only 5% of the traders can make it as a trader. I told myself from the very beginning that statically I belong to the 95% of the traders that would not make it. Where all the people that I meet on the internet believe from the very beginning that they will be a part of the 5% of traders that will make it.

I make my living as Joe the plumber or the baker, or the lawyer. If they do not have any doubts on being successful then I definitely don’t need to have any doubts on being successful.

http://www.forex-tsd.com/success-stories/31586-16-years-trading-my-biography.html