Comments on: Why Doesn't everyone trade forex like these guys at http://whytrading.info? http://www.myylt.com/2009/01/19/why-doesnt-everyone-trade-forex-like-these-guys-at-httpwhytradinginfo/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 05:57:04 +0000 http://wordpress.org/?v=2.3.3 By: Negeshia http://www.myylt.com/2009/01/19/why-doesnt-everyone-trade-forex-like-these-guys-at-httpwhytradinginfo/#comment-11207 Negeshia Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/why-doesnt-everyone-trade-forex-like-these-guys-at-httpwhytradinginfo/#comment-11207 Because Forex requires a lot of money to make a reasonable profit and you have to understand the things that change the price of money between countries to be able to buy and sell currencies. Because Forex requires a lot of money to make a reasonable profit and you have to understand the things that change the price of money between countries to be able to buy and sell currencies.

]]> By: mntndo http://www.myylt.com/2009/01/19/why-doesnt-everyone-trade-forex-like-these-guys-at-httpwhytradinginfo/#comment-11208 mntndo Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/why-doesnt-everyone-trade-forex-like-these-guys-at-httpwhytradinginfo/#comment-11208 Forex is corrupt. I practiced traded and never lost money. I started real trading and almost lost it all. However, when I was trading very small sums amazingly I was making over 1000% gains. Then I went back to trading big sums and lost it all. The swings can wipe one out in one day even though your overall trend is correct. "These guys" probaby using very little margin or are just using paper trading. Forex is corrupt. I practiced traded and never lost money. I started real trading and almost lost it all. However, when I was trading very small sums amazingly I was making over 1000% gains. Then I went back to trading big sums and lost it all. The swings can wipe one out in one day even though your overall trend is correct. "These guys" probaby using very little margin or are just using paper trading.

]]> By: fwrighter http://www.myylt.com/2009/01/19/why-doesnt-everyone-trade-forex-like-these-guys-at-httpwhytradinginfo/#comment-11209 fwrighter Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/why-doesnt-everyone-trade-forex-like-these-guys-at-httpwhytradinginfo/#comment-11209 These guys are smart, but anyone can do what they've done so far and accomplish similar results with a little luck. Several red flags: 1. Their live trading results were only for the past 3 months. If they're so good, why can't they show results for more months. 2. Their trading strategy is flawed. If you study their trading statements closely, you would see that they don't use a stop-loss when they make an entry. However, they would lock in profit with a stop-loss after the trade has made some money. 3. They can blow out their entire account in 1 bad trade. 4. Their initial balance was 3000 something. There's a really good chance that they're left w/ 3000 from blowing up their account the first time around. 5. Their strategy can be extremely profitable, but only trade with money you can AFFORD to LOSE. 6. I say there's a 5-6% chance that he will blow his account on every trade he makes, but it just hasn't happened yet. 7. Assuming their average return per trade is 10%. If you put 10,000 in there and let it compound 50 times at a rate of 10%, you will have $1,000,000+. However, If you had made $500,000 using his strategy, all you need is 1 bad trade to lose all $500,000. These guys are smart, but anyone can do what they've done so far and accomplish similar results with a little luck.

Several red flags:
1. Their live trading results were only for the past 3 months. If they're so good, why can't they show results for more months.

2. Their trading strategy is flawed. If you study their trading statements closely, you would see that they don't use a stop-loss when they make an entry. However, they would lock in profit with a stop-loss after the trade has made some money.

3. They can blow out their entire account in 1 bad trade.

4. Their initial balance was 3000 something. There's a really good chance that they're left w/ 3000 from blowing up their account the first time around.

5. Their strategy can be extremely profitable, but only trade with money you can AFFORD to LOSE.

6. I say there's a 5-6% chance that he will blow his account on every trade he makes, but it just hasn't happened yet.

7. Assuming their average return per trade is 10%. If you put 10,000 in there and let it compound 50 times at a rate of 10%, you will have $1,000,000+. However, If you had made $500,000 using his strategy, all you need is 1 bad trade to lose all $500,000.

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