I Made $900 today in FOREX,... - Page 2 - GoFuckYourself.com

Dusen · 11-16-2007, 06:04 AM

Quote:

Originally Posted by marketsmart

agreed, the luck or skill (whatever you define it) is getting out before the market turns against you... with that said (pending a catostrophic event) i thing the euro/dollar market has another 6-18 months before as significant correction....

I think you're wrong. Euro is losing ground steadily and USD is ready to turn around whenever emotion strikes it. A year ago I would have agreed.

Elixir · 11-16-2007, 06:23 AM

Damn good days !

David - PG · 11-16-2007, 06:29 AM

Let us know when you blow up your account

Good trading.

infecto · 11-16-2007, 07:15 AM

This is a warning for everyone reading this thread.

DO NOT trade on the FOREX unless you know what you are doing. It is honestly worse than gambling. People who are properly trained can easily lose everything. To be honest trade stocks compared to this. Much much less volatility on the stock market (on average).

wanted · 11-16-2007, 07:29 AM

Quote:

Originally Posted by marketsmart

i played with practice account back in may or june.. unless something has changed, you should b able to short the dollar agaonst the euro.

if not, i would say contact forex and ask them why... the only reason i started playing with forex was because of how well i did with the practice acct...

although i will say use the practice acct carefully...

i made silly money with the praqctice acct and as soon as i started trADING with real monbey i got greedy and lost a ton...

took me about 6 weeks to get things in order..

i would like to help people avoid the same mistakes i made..

keep in mind any forex makes money on trades not on loss so they could care less if you make money or not...

Get in touch, I'm in stock trading for years but I'd love to get a better picture of the Forex world ;) ICQ: 28114920

infecto · 11-16-2007, 07:33 AM

Quote:

Originally Posted by wanted

Get in touch, I'm in stock trading for years but I'd love to get a better picture of the Forex world ;) ICQ: 28114920

If you are interested in Forex go buy a book on it or do some research online. Not trying to be an ass but the guy knows nothing about Forex other than the basic trading ideas. Without any type of strategy you will get screwed especially in leveraged accounts.

SomeCreep · 11-16-2007, 08:34 AM

Good stuff. You better hope Chairman Ben Bernanke and The Fed continue to cut rates come December. If they don't, the dollar will rebound big in the short term. Long term is anyones guess.

viroman · 11-16-2007, 09:27 AM

i lost today 2k

(

xsabn · 11-16-2007, 09:39 AM

i bookmarked this thread, looks interesting

Odin · 11-16-2007, 09:43 AM

Wait until you drop $900 and than hold waiting for the turn around, than drop 3k and realise you really can't afford to loose that much and hold even longer. In Forex people almost always take the profits much faster than they are willing to accept their losses. I know alot of smart people who have spent years trying to make money on forex and struggled. At the end of the day factors beyond your study contribute more than anything, the market is run by the big banks, etc and there is nothing you can really do about it. It's a gamble, no matter how much you think you know.

Lamis · 11-16-2007, 10:09 AM

Forex is gambling...

The only people doing money with forex are those with a PHD in Mathematics and economics and 10 more years of experience in the market...

Of course you can do some bucks in one day with luck.. but if you do it every day during one month, you will finish with big losses at the end of the month. I can bet you whatever you want.

Just my two cents. And I know what I am talking about.

It is funny to see some lazy webmasters, that think they will find the holy grail by reading one thread. lol...

Star 69 · 11-16-2007, 11:38 AM

Congrats dude

Sysgenix · 11-16-2007, 12:59 PM

Nothing wrong with a good forex strategy that never puts more then 10% of your holdings at risk, and having a stop placed on every trade against big losses. It is a strategy that even people like WARREN BUFFET have used over the last 3 years to make good returns. And the Oracle knows his stuff

V_RocKs · 11-16-2007, 04:29 PM

Can some one show me how to actually sell short?

I have read about it over and over and I get the idea but I am not sure where in the FOREX trading software I am supposed to actually plug the numbers and which choices in the menus to use to get from A to B...

AlmightyZeus · 11-16-2007, 05:24 PM

Quote:

Originally Posted by marketsmart

ok
$10k forex acct
short the dollar at 200 to 1 acct
use only 10% of your acct
so $10k = $1k playable money
$1K playable = $200k in forex contracts...
1/2% increase = $1k
thats the basic idea, there is a little more to it, but overall it works, trust me...

10% of your account on one single trade in the forex market with 1:200 leverage is suicide. It'll never work, even if you have a winning strategy. Pipe dreams man, either quit while you're ahead or reduce your leverage to something reasonable like 1:5 or less... You don't even have a hedge in place.
I'm not trying to slam you or anything, I wish you the best of luck, but the odds are stacked up against you. Bet small and live to trade another day.

For those of you considering opening a forex account, the best thing to do is play on a demo account for at least 2 years.

papill0n · 11-16-2007, 05:53 PM

interesting opinions in this thread

marketsmart · 11-18-2007, 03:45 AM

OK. I have to admit I fucked up. I tried to let me cockiness of currrent gains affect my trading strategy.

As of 11/17/2007 i am short on the Euro at $2195 in at $776 loss. Normally, I would cost average down, which I just did in the last 24 hours (a;though I said I wouldn't).

I expect to make up my losses by the end of next week.

I just wanted to be honest in terms of loses versus gains...

So, I was up over 3 days at $2780 and now since the loss I am at $2003.89 profit. I have not liquidated my position yet and actually increased my position to $300,000 at 200 to 1... So, I will update you at the end of next week as to where I am.,.

Now, In regards to some of the people I chatted with and some of the comments here, yes, FOREX is like gambling... It can be very risky, especially if you don't know what you are doing..

However, if you believe (like i do) that the dollar will continue to decline against the Euro, in my book it's easy money...

I will keep you posted,.....

marketsmart · 11-18-2007, 03:54 AM

btw, if the Euro hits $1.48 to $1.50 next week i will make silly bank....

If the Euro hits $1.47 next week I will double my position to $600,000 at 200/1....

Dusen · 11-18-2007, 06:19 AM

At this point I can only hope you are board whoring to make yourself feel smart.

Despite what your mother told you, believing in something cannot ever make it come true.

Doubling positions to recoup losses works every time except once.. the last.

ESPECIALLY with shorting small valued things like currency. You can lose your shirt 5x over before you even realize it's gone.

STTBoss · 11-18-2007, 06:40 AM

Funny thread

Dude, no offense, but go play with demo account for at least 6 months. You know almost nothing about forex trading, yet, you have such an overconfidence and disrespect to the market. Yeah your "strategy" might work for a few days or weeks, but I *know* that if you continue like this, you can wave your $10,000 (or whatever is there on your account) goodbye within weeks.

I'm not trying to put you down, take it as a serious advice - stop it right now, withdraw all your money (or let them sit there) and start learning to trade smart and safe on a demo account.

STTBoss · 11-18-2007, 06:46 AM

BTW, if you REALLY want to learn it, get to studying all the indicators there (besides the basic moving averages etc., I recommend taking a look at TSI), and also get a money management strategy.

If you're not willing to spend at least a few hours per day just learning and watching the graphs without trading for real, just give up and withdraw the money because this is not for you.

xato · 11-18-2007, 06:52 AM

very well said sttboss.
without knowing the market and how it behaves on a certain currency pair all gains are just like gambling wins and will not last long.

maxjohan · 11-18-2007, 07:11 AM

Quote:

Originally Posted by Dusen

I think you're wrong. Euro is losing ground steadily and USD is ready to turn around whenever emotion strikes it. A year ago I would have agreed.

I'm with this fella. I can smell the dollar climbing back up again with big gains in a short period of time.

On a side note, have anyone tried trading with gold here, the price is quite insane now when the dollar has tanked. Almost at $800!

rowan · 11-18-2007, 10:22 AM

This thread reminded me to look up my oanda play account details. I used to fiddle around with keeping a trade active for only a short period (usually less than a couple of minutes) and managed to "make" a little. It's a lot of work though, and a couple of times I ended up with my account -ve (ie, all capital AND profits wiped out)

This is a game... I wouldn't do it with real money.

rowan · 11-18-2007, 10:23 AM

oanda ---> http://fxgame.oanda.com/

STTBoss · 11-18-2007, 11:07 AM

Quote:

Originally Posted by rowan

It's a lot of work though, and a couple of times I ended up with my account -ve (ie, all capital AND profits wiped out)

Opening positions for longer time = less work and usually more money

maxjohan · 03-16-2008, 09:14 PM

Quote:

Originally Posted by maxjohan;

On a side note, have anyone tried trading with gold here, the price is quite insane now when the dollar has tanked. Almost at $800!

Anyone else banking on gold here?

How's your forex trading going, the dollar is really shitty again.. really really shitty.

xato · 08-05-2009, 02:54 AM

so marketsmart, are you still in forex?

I am!

JFK · 08-05-2009, 02:59 AM

how is today ?

xato · 08-05-2009, 03:07 AM

today is a pretty ranging day. not so much happening. my account is up +0.12% and im happy with that for today. and still about 5 good hours to go.

st0ned · 08-05-2009, 03:37 AM

Quote:

Originally Posted by xato

today is a pretty ranging day. not so much happening. my account is up +0.12% and im happy with that for today. and still about 5 good hours to go.

I have always wanted to get into FOREX. Any suggestions on where to start?

RadicalSights · 08-05-2009, 03:41 AM

no clue..

xato · 08-05-2009, 03:57 AM

Quote:

Originally Posted by st0ned

I have always wanted to get into FOREX. Any suggestions on where to start?

http://www.babypips.com is a pretty good start. be sure to read everything especially the babypips school.

dont forget forex is not easy and many have blown their accounts quicker as you can imagine.

DWB · 08-05-2009, 05:09 AM

One thing is for sure, unless they fully prop up the USD, it's going to devalue big time in the coming months. You can't print the amount of money they did and expect nothing to happen to it.

marketsmart · 08-05-2009, 06:02 AM

Quote:

Originally Posted by xato

so marketsmart, are you still in forex?

I am!

yes, i am..

it has been a very good year, but new regulation could kill forex for the little guys like me..

xato · 08-05-2009, 06:06 AM

Quote:

Originally Posted by marketsmart

yes, i am..

it has been a very good year, but new regulation could kill forex for the little guys like me..

nice to hear

how has your performance been lately?
for my latest performance check the blog in my sig!

L0stMind · 08-05-2009, 07:08 AM

I'm in the market too... Up 30 pips today.

shimmy2 · 08-05-2009, 07:11 AM

jesus christ people if you dont know anything about forex you're going to get slaughtered. i got all happy cause i made some good money before ($400 in about 30 secs on a highly leveraged acct) then i lost about 1200 over the next few minutes. shit can happen like your trading platform mysteriosly freezing up when you want to get out of a trade, etc, and lots of other variables you have no control over. i'm telling you, no matter what broker you pick you're going to likely get fucked either a little or a lot, but you WILL get fucked

bbobby86 · 08-05-2009, 07:21 AM

soo good...

~Ray · 08-05-2009, 07:26 AM

Quote:

Originally Posted by xato

nice to hear

how has your performance been lately?
for my latest performance check the blog in my sig!

so you bumped a 2 year old Forex thread to spam your Forex blog?

OrangeContent · 08-05-2009, 08:14 AM

Damn threads from 2007...... G/L marketsmart.

vod · 08-05-2009, 08:25 AM

hope this Helps ;

How to Trade Forex Trading Forex Tips Learn to Trade foreign exchange (Forex Trading Online ) Learn Forex for free and get useful recommendation on Currency Trades.

Manowar · 08-05-2009, 09:18 AM

Quote:

Originally Posted by vod

hope this Helps ;

How to Trade Forex Trading Forex Tips Learn to Trade foreign exchange (Forex Trading Online ) Learn Forex for free and get useful recommendation on Currency Trades.

11-16-2007, 06:23 AM	#52
Elixir CHECK MY SIG-AMAZING SITE Join Date: May 2006 Location: ICQ: 210-874-419 Posts: 12,870	Damn good days ! __________________ SIG FOR SALE ICQ 210874419

11-16-2007, 06:29 AM	#53
David - PG Confirmed User Join Date: Mar 2004 Posts: 767	Let us know when you blow up your account Good trading. __________________ perfectgonzo.com

11-16-2007, 08:34 AM	#57
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Good stuff. You better hope Chairman Ben Bernanke and The Fed continue to cut rates come December. If they don't, the dollar will rebound big in the short term. Long term is anyones guess. __________________ Webair Hosting I use and recommend Webair for hosting. Last edited by SomeCreep; 11-16-2007 at 08:35 AM..

11-16-2007, 09:27 AM	#58
viroman Confirmed User Join Date: Mar 2006 Location: Eesti-Sverige Posts: 785	i lost today 2k( __________________ Welcome to the Scammer Club I FUCKED BY VLAD (289-892-182) (See How)

11-16-2007, 10:09 AM	#61
Lamis So Fucking Banned Join Date: Sep 2007 Posts: 961	Forex is gambling... The only people doing money with forex are those with a PHD in Mathematics and economics and 10 more years of experience in the market... Of course you can do some bucks in one day with luck.. but if you do it every day during one month, you will finish with big losses at the end of the month. I can bet you whatever you want. Just my two cents. And I know what I am talking about. It is funny to see some lazy webmasters, that think they will find the holy grail by reading one thread. lol... Last edited by Lamis; 11-16-2007 at 10:10 AM..

11-16-2007, 07:15 AM	#54
infecto Confirmed User Join Date: May 2003 Posts: 1,697	This is a warning for everyone reading this thread. DO NOT trade on the FOREX unless you know what you are doing. It is honestly worse than gambling. People who are properly trained can easily lose everything. To be honest trade stocks compared to this. Much much less volatility on the stock market (on average).

11-16-2007, 09:39 AM	#59
xsabn Confirmed User Industry Role: Join Date: Feb 2007 Location: 203-069-778 Posts: 2,815	i bookmarked this thread, looks interesting

11-16-2007, 09:43 AM	#60
Odin Confirmed User Industry Role: Join Date: Jan 2004 Location: au Posts: 2,545	Wait until you drop $900 and than hold waiting for the turn around, than drop 3k and realise you really can't afford to loose that much and hold even longer. In Forex people almost always take the profits much faster than they are willing to accept their losses. I know alot of smart people who have spent years trying to make money on forex and struggled. At the end of the day factors beyond your study contribute more than anything, the market is run by the big banks, etc and there is nothing you can really do about it. It's a gamble, no matter how much you think you know.

11-16-2007, 11:38 AM	#62
Star 69 Confirmed User Join Date: Nov 2005 Location: Russia Posts: 8,602	Congrats dude __________________ e-mail star69

11-16-2007, 12:59 PM	#63
Sysgenix Confirmed User Join Date: Dec 2005 Posts: 287	Nothing wrong with a good forex strategy that never puts more then 10% of your holdings at risk, and having a stop placed on every trade against big losses. It is a strategy that even people like WARREN BUFFET have used over the last 3 years to make good returns. And the Oracle knows his stuff __________________ Ads available on ebony niche site.

11-16-2007, 04:29 PM	#64
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,391	Can some one show me how to actually sell short? I have read about it over and over and I get the idea but I am not sure where in the FOREX trading software I am supposed to actually plug the numbers and which choices in the menus to use to get from A to B...

11-16-2007, 05:53 PM	#66
papill0n Unregistered Abuser Industry Role: Join Date: Oct 2007 Posts: 15,547	interesting opinions in this thread

11-18-2007, 03:45 AM	#67
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	OK. I have to admit I fucked up. I tried to let me cockiness of currrent gains affect my trading strategy. As of 11/17/2007 i am short on the Euro at $2195 in at $776 loss. Normally, I would cost average down, which I just did in the last 24 hours (a;though I said I wouldn't). I expect to make up my losses by the end of next week. I just wanted to be honest in terms of loses versus gains... So, I was up over 3 days at $2780 and now since the loss I am at $2003.89 profit. I have not liquidated my position yet and actually increased my position to $300,000 at 200 to 1... So, I will update you at the end of next week as to where I am.,. Now, In regards to some of the people I chatted with and some of the comments here, yes, FOREX is like gambling... It can be very risky, especially if you don't know what you are doing.. However, if you believe (like i do) that the dollar will continue to decline against the Euro, in my book it's easy money... I will keep you posted,..... Last edited by marketsmart; 11-18-2007 at 03:47 AM..

11-18-2007, 03:54 AM	#68
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	btw, if the Euro hits $1.48 to $1.50 next week i will make silly bank.... If the Euro hits $1.47 next week I will double my position to $600,000 at 200/1....

11-18-2007, 06:19 AM	#69
Dusen Confirmed User Join Date: Aug 2002 Location: East Coast. Posts: 2,251	At this point I can only hope you are board whoring to make yourself feel smart. Despite what your mother told you, believing in something cannot ever make it come true. Doubling positions to recoup losses works every time except once.. the last. ESPECIALLY with shorting small valued things like currency. You can lose your shirt 5x over before you even realize it's gone. Last edited by Dusen; 11-18-2007 at 06:22 AM..

11-18-2007, 06:40 AM	#70
STTBoss Confirmed User Join Date: Jun 2004 Location: CZ Posts: 225	Funny thread Dude, no offense, but go play with demo account for at least 6 months. You know almost nothing about forex trading, yet, you have such an overconfidence and disrespect to the market. Yeah your "strategy" might work for a few days or weeks, but I know that if you continue like this, you can wave your $10,000 (or whatever is there on your account) goodbye within weeks. I'm not trying to put you down, take it as a serious advice - stop it right now, withdraw all your money (or let them sit there) and start learning to trade smart and safe on a demo account. __________________ TrafficAdept.com GET BETTER QUALITY TRAFFIC GET PAID MORE TO SELL TRAFFIC by DamageX and STTBoss

11-18-2007, 06:46 AM	#71
STTBoss Confirmed User Join Date: Jun 2004 Location: CZ Posts: 225	BTW, if you REALLY want to learn it, get to studying all the indicators there (besides the basic moving averages etc., I recommend taking a look at TSI), and also get a money management strategy. If you're not willing to spend at least a few hours per day just learning and watching the graphs without trading for real, just give up and withdraw the money because this is not for you. __________________ TrafficAdept.com GET BETTER QUALITY TRAFFIC GET PAID MORE TO SELL TRAFFIC by DamageX and STTBoss

11-18-2007, 06:52 AM	#72
xato Confirmed User Join Date: Mar 2003 Posts: 1,205	very well said sttboss. without knowing the market and how it behaves on a certain currency pair all gains are just like gambling wins and will not last long. __________________ Bad Lamborghini Crash

11-18-2007, 10:22 AM	#74
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	This thread reminded me to look up my oanda play account details. I used to fiddle around with keeping a trade active for only a short period (usually less than a couple of minutes) and managed to "make" a little. It's a lot of work though, and a couple of times I ended up with my account -ve (ie, all capital AND profits wiped out) This is a game... I wouldn't do it with real money.

11-18-2007, 10:23 AM	#75
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	oanda ---> http://fxgame.oanda.com/

08-05-2009, 02:54 AM	#78
xato Confirmed User Join Date: Mar 2003 Posts: 1,205	so marketsmart, are you still in forex? I am! __________________ Bad Lamborghini Crash

08-05-2009, 02:59 AM	#79
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,382	how is today ? __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

08-05-2009, 03:07 AM	#80
xato Confirmed User Join Date: Mar 2003 Posts: 1,205	today is a pretty ranging day. not so much happening. my account is up +0.12% and im happy with that for today. and still about 5 good hours to go. __________________ Bad Lamborghini Crash

08-05-2009, 03:41 AM	#82
RadicalSights So Fucking Banned Industry Role: Join Date: Mar 2009 Location: Europe Posts: 1,595	no clue..

08-05-2009, 05:09 AM	#84
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	One thing is for sure, unless they fully prop up the USD, it's going to devalue big time in the coming months. You can't print the amount of money they did and expect nothing to happen to it.

08-05-2009, 07:08 AM	#87
L0stMind Confirmed User Join Date: Sep 2002 Location: Vancity Posts: 1,681	I'm in the market too... Up 30 pips today. __________________ http://cashcore.com - Make Money. http://ezprovider.net - Hosting.

08-05-2009, 07:11 AM	#88
shimmy2 Confirmed User Industry Role: Join Date: Mar 2009 Location: Dominican Republic Posts: 3,243	jesus christ people if you dont know anything about forex you're going to get slaughtered. i got all happy cause i made some good money before ($400 in about 30 secs on a highly leveraged acct) then i lost about 1200 over the next few minutes. shit can happen like your trading platform mysteriosly freezing up when you want to get out of a trade, etc, and lots of other variables you have no control over. i'm telling you, no matter what broker you pick you're going to likely get fucked either a little or a lot, but you WILL get fucked __________________ Make $$$ with Toticos.com! \| Email: 1bluemiata@gmail \| Joutube: ShimmyCash \| Faceberg: ShimmyCash

08-05-2009, 07:21 AM	#89
bbobby86 partners.sexier.com Industry Role: Join Date: Jan 2007 Location: San Francisco, CA Posts: 11,926	soo good... __________________

08-05-2009, 08:14 AM	#91
OrangeContent Confirmed User Join Date: Mar 2009 Location: US / Canada Posts: 381	Damn threads from 2007...... G/L marketsmart. __________________ START A REVIEW SITE GOOD PRICES ON WRITTEN REVIEWS CLICK HERE quote (at) orangecontent.com \| ICQ: 564-113-756

08-05-2009, 08:25 AM	#92
vod Confirmed User Join Date: Jan 2006 Posts: 3,510	hope this Helps ; How to Trade Forex Trading Forex Tips Learn to Trade foreign exchange (Forex Trading Online ) Learn Forex for free and get useful recommendation on Currency Trades. __________________ Adult Merchant Account