Like stock trading, you have to be able to keep the profits. Look at Mike Tyson who earned $400 million in his boxing career. He ended up bankrupt and owed $3 million in the end. Nicolas Cage and Johnny Depp both earned huge sums acting yet, blew thru their earnings spending monies at a faster rate! I am sure there are others. Floyd Mayweather also, gambles which can drain his bank account. Too early to say he is a success handling his monies. Ask this question after 10 years then, we will see!
Hello S. You still do not understand the concept and or the point, so allow me to elucidate. Terms--------- FX = Spot Currency Markets Tick Volume = Each price transaction. In other words, 1 tick is a transaction, whether up, down, or same. The ticks are divided into up, down, and same, by price. IE One up transaction shows on a chart as a tick up, commonly green, counted against the start of a particular fractal, 5min, 10min etc. True Volume = The amount of shares traded per transaction. So each transaction, or Tick would not just be defined as up, down, or neutral but would also have a number in shares assigned due to, now get this, the number of shares. (notice I did not use The Q word). So while in stocks you can see shares traded per transaction, in FX you cannot, in fact in FX you can't even tell the total in up, down, because there are Hubs of transactions that you can't even see. I am not even going to touch Futures, Big D was already explained that quite clearly. The other part is this, asking questions, pushing for answers, from someone who sets themselves up as a font of knowledge is not attacking. If someone makes a false statement, and will not admit it, they should be hounded, until they recant or leave. We are not talking about profitability here, we are talking about false concepts, and ideas. Now if you want to say that calling someone an idiot, or cursing them out because they are promulgating false and stupid concepts is improper behavior, I would agree, I would not do this. However this issue is separate, and should not be mixed into a discussion of facts, it's more for the mods to decide. The Ever Long Live "Cable Trader" VIPER
Many multinicks have high "likes to posting" ratios. --There are singlenicks with this as well, but they are few.
Speaking of multinicks, I get the feeling ES has some smelly socks wandering around here also, almost as if in some threads he has started, he is talking to an alter ego. The Ever Suspicious VIPER
Even worse are the guys who come in with a few charts and a few gullible wannabee all scramble for their knee pads to get some glazing.....people here just want to believe any shit.
Yeah, definitely. Easy come, easy go! Some lottery winners have also, managed to blow up their huge fortunes which should not happen but, it did!