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

All this bullshit and long paragraphs could be avoided with a continuous statement and not hand picked days, but of course, its "Xspurt", expert in ambiguity.

 

WTF? this is just too good LOL

First, we have a newb trader who is on track to take a 10k account to 1 million in a year-- via daytrading forex.

next we have a guy who had a small account 6 years ago and now is trading for a living from home, sometimes taking his position size up to 20,000 contracts per trade.

and there's ex HF mgr who trades in their chatroom and is one of the best traders ever

this is either a a sales pitch designed to entice pm's from struggling traders...... or its pure fantasy along the same lines as Hershey

Come guys-- this cant be real!

 

nobody is trading 20.000 contracts you moron ... you can't even do 20.000 contracts in ES rofl ... the only one mentioning 20.000 contracts was YOU ...

 

O rly?

 

well, he isn't in our chatroom, so I don't know him ... all the rest I know about ...

 

if you had read all the above well, you'd know we only trade euro and some people trade NQ too, nothing else happens in our room ...

 

But for the record, one of my best friends from Amsterdam made 20 million EURO's in a few years time ...

 

I looked at that 2nd link & noticed a quote from him that supports what Surf was saying.

"I never use any account for more than 30 to 50k profit.
The reason being once you turn to be profitable most brokers [MM]will start doing things to your order execution and slippage and many things which hamper trading and profits significantly. This is from the personal experience.
Thus i just move on...open new acct , trade -win or lose ..take profits , withdraw ..Fund acct with small money , start again, rinse and repeat".

I've never traded forex, so I don't know much about it.

 

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.

 

Instaforex in general, does not have a great reputation. He is limited to it being a resident from India, and I am not quite sure, and don't quote me here, but I believe currency trading or any other time of speculation, is not legal in the country.


Overall, he proves that someone using patterns, and simple technical analysis is winning and making a living.

I hope marketsurfer had some time to have a peek, and comment.

Cheers