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Thread: Investment

  1. #1
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    Default Investment

    Dear Reader,

    I have studied for 3 years and a half how to trade markets correctly. I know how to do it and I am looking for funds to be invested on it. I have for the moment 800 USD. I could only ask for few hundreds USD more around me, but if I want to be able to really do it for something worth then thousands should be invested into and not hundreds. I have no way to borrow money in a classic way because I do not have any certification / background to be able to do it.
    You may not want to trust these few lines, and if so that is fine, I understand it.
    Thank you to took the time to read.

    Sincerely,
    Alex

  2. #2
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    In my opinion Forex Trading just need some good capital and one thing you must do there that Long term planning is more precious which you have to do. There are lots of ways where from you can borrow money but I think that loan is an ideal choice for you to do Forex Trade.

  3. #3
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    Default

    Thank you for your answer lestertarry,

    But how to get a loan like that?

  4. #4

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    This sounds like a potential recipe for disaster. There is a LOT more to trading than just study and theory. I appreciate the work you have probably put in so far, but once money is on the line (especially money that is big enough to have emotional meaning to you) the WHOLE game changes. Trading at a high level has less to do with what you know about technical analysis, fundies, and all that other junk and more to do with how well you know and can control your own mind. This usually takes experience with increasingly large position sizing.

    Have you traded on demo profitably for a number of months in a row? If so, why not start by opening a small account with your 800 USD and see how it goes. Oanda could do that and still give you decent position sizing for your risk management.

    Then for every month you do well increase the account with a new deposit. It's not a race. If you want it to be, you've already lost - you just don't know it yet.

  5. #5
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    Default Recipe for disaster...

    Thank you anyway to take time to answer...
    No it is not a perfect recipe for disaster, at least not what I was writing about. I know perfectly what I am doing and yes I already did it in real with my personal money but I did not record it properly.
    But so..., I have a question for you, whom by the way look very confident, how much (in percent if you can) are you planing to win from trading in a year (whatever market)? Personally I do not plan to make a few hundred percents return on capital a year and out of nothing win enough to make a living out of that... so my only way is to get investors, that's it.

  6. #6
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    Default And to put words on it...

    Everybody wants to know how to trade, the best way to trade is not to trade...(you can make a lot of money, sitting with a position) do a lot of testing before do any trading.
    And if you don't know that, now... you know.

  7. #7

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    There is a big difference between saying you have "studied" the markets and actually trading live with your own money. It's good that you've found success with real capital on the line. It is a bit alarming however that you haven't kept quality records but I'm sure you know that it's something you will have to change moving forward.

    As for my personal results, I'm not sure a percentage would mean much of anything if I stated it here. If I said 600%, is that good What if I was risking 30% on every trade to do it? The chances of me blowing up are high. What if I made 5% last year? Doesn't sound exciting but if I do it with a $100 million account it's pretty decent. Point is, without context a percentage means nothing.

    I will simply say my own results are more than good enough for my needs, and I have exceeded my own monthly targets for a long period of time. My goal is to make pips every day and after almost ten years of trading the losing days are few and far between. I haven't seen a losing week in almost two years which is a streak I work very hard to continue. As for exact pips, percentages, or dollars... I'll leave that to the imagination as it doesn't have much place on a public forum such as this.

  8. #8
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    Default Fair enough

    Fair enough.
    Again, thank you to take time to answer.
    I am very impressed that you know how to be profitable every weeks (or nearly). I know how to bet on trends in a sure manner and a relatively short amount of time, but not with this sure time expectation (week). Do you manage money for others?
    Last edited by live; 09-04-2012 at 11:23.

  9. #9

    Default

    No, just my own funds. I've considered trading for others in the past (and have been asked) but it kind of defeats the purpose of trading for me. I like what I do because it allows me the freedom to work when I want and take extended vacations without any issues. If I am trading for others then suddenly I have a "job" again where I owe it to them to put in regular hours. Not really interested in that so for the foreseeable future I will just stick with trading for myself.

    As for being profitable week after week, it can be done but I'll admit that you need an approach that allows for it. If you are a longer term trader who takes a few trades a week then you are going to have off weeks and lose sometimes unless your win percentage and risk/reward is excellent. I have a good expectancy, but I also trade quite a bit each day. Usually it's somewhere between 5 and 10 trades. Since my hit rate is quite high and my R:R is well above 1 it is actually pretty hard with those numbers to have the type of bad streak that could cause a losing week. It's possible, just unlikely as the probabilities are concerned. Of course, this assumes I stick to the plan and trade well with a good mental mindset - and that is the day to day battle of real trading.

  10. #10
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    Hello SamuraiTrader,

    I am interested to have critics about a Hypothetical summary of performances that I have prepared to try to raise funds. Do you have the time to have a look on it? If yes I would like to send it to you via email.

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