Where to learn to trade??
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Originally posted by Vitto84:
thanks for kind words.
sorry demon i don't day trade. i don't work hard for money i let money work for me =)
day trading is tiring
but its my guess that the eur/usd would start to range
i have closed my shorts on eur/usd this morning
what i don't understand is this............in an earlier post you said you only trade for 10mins a day...........but yet you now say you don't day trade...........
you also claimed to have thousands of pips in profit for just one currency pair..............how on earth you can achieve that if you spend only 10mins a day is beyond me..........
the odds of you entering at the precise right moment within the 10min window is akin to like winning the lottery...........
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So u are a part-time trader? Wow. u made so much $$$. U must have a huge account to trade so many instrunments....I'm happy for u. U made it to the top 1% of FX winners. Congrats!
My frens have no luck. I have a fren losing almost S$150K (hard earned $). He burnt it only after 3 months of losing streak.So "to be" traders <Beware>. Forex trading is the most difficult financial investment. Stocks and shares have better chances of making $.
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Originally posted by Asromanista2001:
what i don't understand is this............in an earlier post you said you only trade for 10mins a day...........but yet you now say you don't day trade...........
you also claimed to have thousands of pips in profit for just one currency pair..............how on earth you can achieve that if you spend only 10mins a day is beyond me..........
the odds of you entering at the precise right moment within the 10min window is akin to like winning the lottery...........
Guess what Vitto means is the actual trade is done within 10 minutes.
Forex requires lots of preparation and homework beforehand. What has been heard is the successes. What has not been shared is the failures. No matter how good someone is, there are bound to be some mistakes here and there. The key is to earn more than lose in total.
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Originally posted by Demon Bane:
So u are a part-time trader? Wow. u made so much $$$. U must have a huge account to trade so many instrunments....I'm happy for u. U made it to the top 1% of FX winners. Congrats!
My frens have no luck. I have a fren losing
almost S$150K (hard earned $). He burnt it only after 3 months of
losing streak.So "to be" traders <Beware>. Forex trading is the most difficult financial investment. Stocks and shares have better chances of making $.
your friend must be a rich guy in the 1st place to lose 150K..........in just 3 mths.......
you're right that forex is the hardest to trade becoz basically currencies are ranging in a very huge range............it has too many retracements and range too much so you need a big account to make a lot as you need a huge stoploss............otherwise you can get the directions right 9 times out of 10 and still lose money becoz your stops are too close.........
stocks and shares has greater momentum...............but you can't get in and out as easily and as quick as forex................also the commission or cost of trading is a lot more than forex plus there's no super leverage like forex................also since you need to buy/sell in lots of 1000 shares you can't limit your risk exactly.............
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Originally posted by eagle:
Guess what Vitto means is the actual trade is done within 10 minutes.
Forex requires lots of preparation and homework beforehand. What has been heard is the successes. What has not been shared is the failures. No matter how good someone is, there are bound to be some mistakes here and there. The key is to earn more than lose in total.
i asked him that before but i remember he said he in and out of trades mostly in 10 mins............so how to hold 2000+ pips in profit ???
that will take weeks even...............and then he so secretive about his mentor and his methods but yet he seems to be promoting some kind of course....................
don't know lah.................
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Originally posted by Asromanista2001:
what i don't understand is this............in an earlier post you said you only trade for 10mins a day...........but yet you now say you don't day trade...........
you also claimed to have thousands of pips in profit for just one currency pair..............how on earth you can achieve that if you spend only 10mins a day is beyond me..........
the odds of you entering at the precise right moment within the 10min window is akin to like winning the lottery...........
what is there not to understand?
there are basically 4 types of traders.
1. day traders or intraday traders
2. swing traders
3. scalpers.
4. trend traders.
i am a trend trader i DON'T day trade, meaning i do not monitor the market during the day.
I only setup my positions once every morning.
Why is not possible to do it within 10 minutes?
I use a system, my indicator is clear as day. I don't need to analyze markets.
I also do not need to enter the market at the "precise" moment
I don't try to catch a falling knife. I never capture 100% of a trend; but just 60-70% is more than enough for me.
You know why you think its impossible?
Because you look at trading as an "academic" venture. If after saying so much you still cannot understand what i am trying to get at; then i won't bother either.
The path to success in trading is NOT knowledge. I can tell you EXACTLY where eur/usd is next week and you will still lose money because you don't understand how the game works.
Anyway I didn't say I go in and out of trades for 10 mins
Don't be crazy. How can market move that much. I said I TRADE 10 mins a day. Meaning I setup positions, i may close i may open. Some of those positions i hold for days, weeks or months as long as the market trend continues i won't close my positions
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Originally posted by Vitto84:
what is there not to understand?
there are basically 4 types of traders.
1. day traders or intraday traders
2. swing traders
3. scalpers.
4. trend traders.
i am a trend trader i DON'T day trade, meaning i do not monitor the market during the day.
I only setup my positions once every morning.
Why is not possible to do it within 10 minutes?
I use a system, my indicator is clear as day. I don't need to analyze markets.
I also do not need to enter the market at the "precise" moment
I don't try to catch a falling knife. I never capture 100% of a trend; but just 60-70% is more than enough for me.
You know why you think its impossible?
Because you look at trading as an "academic" venture. If after saying so much you still cannot understand what i am trying to get at; then i won't bother either.
The path to success in trading is NOT knowledge. I can tell you EXACTLY where eur/usd is next week and you will still lose money because you don't understand how the game works.
Anyway I didn't say I go in and out of trades for 10 mins
Don't be crazy. How can market move that much. I said I TRADE 10 mins a day. Meaning I setup positions, i may close i may open. Some of those positions i hold for days, weeks or months as long as the market trend continues i won't close my positions
So, what do u think of the USD ? This month going up or down?
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i will be lying if i told u i know where the market is headed.
the fact is i don't know.
and this is my investment perspective. nobody can predict the market.
i just trade on a set of parameters; if it reaches that target then i will trade either short or long.
but fundamentally i am bearish on USD.
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Originally posted by Vitto84:
i will be lying if i told u i know where the market is headed.
the fact is i don't know.
and this is my investment perspective. nobody can predict the market.
i just trade on a set of parameters; if it reaches that target then i will trade either short or long.
but fundamentally i am bearish on USD.
Oic. Okay.
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Hi Vitto88,
I would to learn from your Mentor about the trend trading in Forex.
My email is [email protected].
Many Thanks.
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Originally posted by Eylim92:
Hi Vitto88,
I would to learn from your Mentor about the trend trading in Forex.
My email is [email protected].
Many Thanks.
aiyoh..............at least make 50-60 posts then say wanna join the same mentor mah...............
otherwise people will know you're a clone of Vitto88...............LOL
by the way..........is your mentor from South Africa ?
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sure. anything you think lo.
thanks for the bump
16 Dec
entering a losing phase
Closed Losses:
GPB/USD -278
AUD/USD -353
Unrealised Profit/(Loss): +1924 pips10 mins a day.
Remember just because you think something is impossible, doesn't mean it is.
Ok la to be fair if you think its impossible then it will be for you.
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Originally posted by Vitto84:
sure. anything you think lo.
thanks for the bump
16 Dec
entering a losing phase
Closed Losses:
GPB/USD -278
AUD/USD -353
Unrealised Profit/(Loss): +1924 pips10 mins a day.
Remember just because you think something is impossible, doesn't mean it is.
Ok la to be fair if you think its impossible then it will be for you.
How much $ u make from FX monthly ? On the average....
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Originally posted by Demon Bane:
How much $ u make from FX monthly ? On the average....
why?
you want to retire from ur job? =)
don't be unrealistic
investment is a capital sum game. don't expect $1,000 to become $100,000.
capital gains is not equal to everyone. pips is achievable for everyone.
if u have a decent enough investment then you will have a decent enough return.
on average if you looking at $5k per month returns a logical capital outlay would be $50,000.
But we don't trade and take out the money. Its about wealth ACCUMULATION.
If you keep making money and taking it out you will be a poor investor forever.
Never EVER think of investment as an income replacement if you don't have at LEAST $1 million in liquid assets. At least that is a rule of thumb for me.
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Oic. Okay. I dun have that much $ anyway.
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Originally posted by Vitto84:
why?
you want to retire from ur job? =)
don't be unrealistic
investment is a capital sum game. don't expect $1,000 to become $100,000.
capital gains is not equal to everyone. pips is achievable for everyone.
if u have a decent enough investment then you will have a decent enough return.
on average if you looking at $5k per month returns a logical capital outlay would be $50,000.
But we don't trade and take out the money. Its about wealth ACCUMULATION.
If you keep making money and taking it out you will be a poor investor forever.
Never EVER think of investment as an income replacement if you don't have at LEAST $1 million in liquid assets. At least that is a rule of thumb for me.
Do you trade full time or do you have a day job ?
That's all I want to know.
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i'm not saying Vitto is a fraud...............
but he could be showing you screenshots from a DEMO account..............i can have several demo accounts using different methods for each..............then i show you the profitable one...........
also even if it's a live account.........Oanda allows you to trade just 1 unit............
### by the way........Vitto..............you using ''Lion-watching in bird-country'' or what ??
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Originally posted by charlize:
Do you trade full time or do you have a day job ?
That's all I want to know.
of course i have a day job
in fact i have more than 1 job or source of income
there is nothing to hide.
Anyway even if you have $50k or $100k trading capital its still not enough to replace a full time income.
Please don't try to aim being a trader so that you don't need to work.
It doesn't work that way; unless you are VERY rich. But if this is the case you probably shouldn't be trading yourself =)
For folks in debt (car loans, house loans) trading with a sensible savings and investment strategy can help to build ur wealth OVER time. And hopefully pay off your loans so that you finally own some real assets.
And i wish everyone well in trying to achieve this =)
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Originally posted by Asromanista2001:
i'm not saying Vitto is a fraud...............
but he could be showing you screenshots from a DEMO account..............i can have several demo accounts using different methods for each..............then i show you the profitable one...........
also even if it's a live account.........Oanda allows you to trade just 1 unit............
### by the way........Vitto..............you using ''Lion-watching in bird-country'' or what ??
its FXtrade not FXgame.
And you think i waste my time trading 1 unit with a proven system? why everyone so concern about how much other people make?
I already said how much i make is not necessarily how much you CAN make.
It all depends on ur CAPITAL OUTLAY.
I can sell you the fact that i make $5-10k a month and appeal to ur human greed making you believe that trading forex can replace ur income. But i don't tell you how much i have as a trading capital.
You all are asking the wrong questions.
Remember. Capital gains is not achievable by everyone. Pips on the other hand is.
lol.
i would show you fxbook except it doesn't work well with oanda omitting NAV where most of my positions are in.
No, but that lion watching is quite a good book. if i remember correctly the guy uses a type of swing trading method.
and it is a sensible and profitable system.
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Originally posted by Vitto84:
of course i have a day job
in fact i have more than 1 job or source of income
there is nothing to hide.
Anyway even if you have $50k or $100k trading capital its still not enough to replace a full time income.
Please don't try to aim being a trader so that you don't need to work.
It doesn't work that way; unless you are VERY rich. But if this is the case you probably shouldn't be trading yourself =)
For folks in debt (car loans, house loans) trading with a sensible savings and investment strategy can help to build ur wealth OVER time. And hopefully pay off your loans so that you finally own some real assets.
And i wish everyone well in trying to achieve this =)
S$100k account? Nobody is that rich lah....so what are u selling, actually? U come to this forum for what purpose? Since u already knew nobody here is that rich....whats your point?
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Originally posted by Demon Bane:
S$100k account? Nobody is that rich lah....so what are u selling, actually? U come to this forum for what purpose? Since u already knew nobody here is that rich....whats your point?
of course there are people that rich.
nobody here is rich; i won't say there for sure. but i don't get my customers from here either.
i am here just to spread about our video and trading methodology to anyone who has been thus far interested to send me a PM.
Our video is highly informative and shows people the TRUTH about forex trading and why it is a minus sum game.
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Originally posted by Vitto84:
of course there are people that rich.
nobody here is rich; i won't say there for sure. but i don't get my customers from here either.
i am here just to spread about our video and trading methodology to anyone who has been thus far interested to send me a PM.
Our video is highly informative and shows people the TRUTH about forex trading and why it is a minus sum game.
Hmm, so u are saying all your customers are very rich with > S$100k accounts?
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Originally posted by Demon Bane:
U made it to the top 1% of FX winners. Congrats!
My frens have no luck. I have a fren losing
almost S$150K (hard earned $). He burnt it only after 3 months of
losing streak.So "to be" traders <Beware>. Forex trading is the most difficult financial investment. Stocks and shares have better chances of making $.
So "to be" traders <Beware>. Forex trading is the most difficult financial investment.
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nope.
not all our students are rich. everyone starts with a different level. nobody starts on the same field.
they are people who accept risk as part of life and willing to take it.
why you make it sound like you discovered something amazing?
i will tell you honestly and i have all the while; because i don't want you to lose money.
its not that forex is the MOST difficult financial instrument. Its not.
its that INVESTMENT SHOULD NOT BE DONE BY ANYONE WHO CANNOT AFFORD IT.
its as simple as that.
if you cannot afford to invest. DON'T.
Don't take up trading because you want it to replace your full time job. because it can't.
what makes you think that a few books and knowledge about technical indicators is going to replace your job? BE REALISTIC.
i say to "to be" traders. BEWARE because of the MESSAGE out there. That forex is easy money.
Its not.
It can be a good investment vehicle but as a LONG TERM investment. Not SHORT TERM returns.
And provided you know what the hell you're doing.
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Originally posted by Vitto84:
nope.
not all our students are rich. everyone starts with a different level. nobody starts on the same field.
they are people who accept risk as part of life and willing to take it.
why you make it sound like you discovered something amazing?
i will tell you honestly and i have all the while; because i don't want you to lose money.
its not that forex is the MOST difficult financial instrument. Its not.
its that INVESTMENT SHOULD NOT BE DONE BY ANYONE WHO CANNOT AFFORD IT.
its as simple as that.
if you cannot afford to invest. DON'T.
Don't take up trading because you want it to replace your full time job. because it can't.
what makes you think that a few books and knowledge about technical indicators is going to replace your job? BE REALISTIC.
i say to "to be" traders. BEWARE because of the MESSAGE out there. That forex is easy money.
Its not.
It can be a good investment vehicle but as a LONG TERM investment. Not SHORT TERM returns.
And provided you know what the hell you're doing.
So u are indeed selling somekind of FX trading course? Since u mentioned about having students? Sorry I have no $! I am happy for u! U made it the top 1% of winners!