My Trading journey.
Discussion
z4chris99 said:
Mr fox said:
DONT HAVE THE BALLS TO POST LIVE TRADES TO BE SCRUTINISED", and if you asked me that question I'd say NO THANKS.
Let's just say we believe the doubter's, and I am a liar, and "FLUKED" 5 out 6 trades right...
WHY DONT YOU GUYS POST TRADES UP, AND I'LL SCRUTINISE THEM... P.S. please put in target, and stop loss so I can have a laugh if your wrong.
here is my trade from earlier when i was on the bog, i thankfully got out for a profit of 7p. But as you can see my IG "when having a sLet's just say we believe the doubter's, and I am a liar, and "FLUKED" 5 out 6 trades right...
WHY DONT YOU GUYS POST TRADES UP, AND I'LL SCRUTINISE THEM... P.S. please put in target, and stop loss so I can have a laugh if your wrong.
t" account is down 70p at the moment. i must be doing something wrong maybe i need lessons. my ultra secret strategy is that when i start my s
t i either go long or short on whatever i fancy, then i close it when i finish wiping. it adds a bit of excitement to an otherwise smelly task. 
Mr fox said:
Anyhoo I've had a good morning trading(in my underpants), and sat having coffee with a Hedge Fund manager in Mayfair, but the question is...What have you been doing.
Ive been sat in my office in MayfairEdited by z4chris99 on Wednesday 23 May 18:26
I'm in Mayfair again tommorow lunch time, and more than willing to meet you for a coffee if you so wish.
P.S. which company do you work for, and if you do not wish to divulge this information, just let me know the first name of your boss, and i'll tell you if I know him.
P.S. with such a prolific trading account you have the audacity to question my trades. I guess you should go on a few courses. You might learn something.
lol.
regards
Mr Fox.
Edited by Mr fox on Wednesday 23 May 18:36
Mr Fox,
Respectfully I'm not sure you understand, no-one who is as you say, bona fide is going to rush to prove it as there really is nothing to be gained by doing so.... it's a circular road of blah blah blah and anyone linked to a firm is not going want to get dragged in to that. Secondly, a regulated broker cannot simply post up trades as you suggest as that would constitute advice and attract the attention of the FSA, so it's not a sensible argument really.
I'm CF30, a member of the STA and have just finished my PCIAM lvl 6 to ensure RDR compliance, I've been in equities for nearly a decade at a mid-tier brokerage. But there is no real way of verifying any of that without me breaching common sense protocol and revealing either who I work for or who I am.... I have no interest in doing either.
Respectfully I'm not sure you understand, no-one who is as you say, bona fide is going to rush to prove it as there really is nothing to be gained by doing so.... it's a circular road of blah blah blah and anyone linked to a firm is not going want to get dragged in to that. Secondly, a regulated broker cannot simply post up trades as you suggest as that would constitute advice and attract the attention of the FSA, so it's not a sensible argument really.
I'm CF30, a member of the STA and have just finished my PCIAM lvl 6 to ensure RDR compliance, I've been in equities for nearly a decade at a mid-tier brokerage. But there is no real way of verifying any of that without me breaching common sense protocol and revealing either who I work for or who I am.... I have no interest in doing either.
z4chris99 said:
part of my risk management is to always open positions prior to pulling down trousers, so no slippage.
you don't know my boss I assure you
Your getting slippage whilst wiping(thats your excitement). lolyou don't know my boss I assure you
Oh, and after reading your post on your tennants having problems with a neighbour, and your asking on here whether you should
a)talk to him direct
b)talk to his wife.
HA HAAAA
Talk to his wife... Are you for real, and what makes it EVEN WORSE you need encouragement, and advice from fellow PH's. is this guy for real. If your balls are that big that you cant even speak to him, and want to be a b
h, and approach his wife. How the hell are you going to do well as a trader. Now jog on, and go get your boss his coffee.Haa Haa
oh P.S. regards
mr Fox
DoubleSix said:
Mr Fox,
Respectfully I'm not sure you understand, no-one who is as you say, bona fide is going to rush to prove it as there really is nothing to be gained by doing so.... it's a circular road of blah blah blah and anyone linked to a firm is not going want to get dragged in to that. Secondly, a regulated broker cannot simply post up trades as you suggest as that would constitute advice and attract the attention of the FSA, so it's not a sensible argument really.
I'm CF30, a member of the STA and have just finished my PCIAM lvl 6 to ensure RDR compliance, I've been in equities for nearly a decade at a mid-tier brokerage. But there is no real way of verifying any of that without me breaching common sense protocol and revealing either who I work for or who I am.... I have no interest in doing either.
How hard was it for you to just say "yes i am a FSA registered broker, and unfortunately due to compliance, and confidentiality I can not post trades up", and I would have believed you rather than question you or ask for proof. Yet you didnt even do that.Respectfully I'm not sure you understand, no-one who is as you say, bona fide is going to rush to prove it as there really is nothing to be gained by doing so.... it's a circular road of blah blah blah and anyone linked to a firm is not going want to get dragged in to that. Secondly, a regulated broker cannot simply post up trades as you suggest as that would constitute advice and attract the attention of the FSA, so it's not a sensible argument really.
I'm CF30, a member of the STA and have just finished my PCIAM lvl 6 to ensure RDR compliance, I've been in equities for nearly a decade at a mid-tier brokerage. But there is no real way of verifying any of that without me breaching common sense protocol and revealing either who I work for or who I am.... I have no interest in doing either.
And you are wrong, A FSA registered broker CAN give advise. It just depends which exams they have taken.
regards
Mr Fox
Mr fox said:
How hard was it for you to just say "yes i am a FSA registered broker, and unfortunately due to compliance, and confidentiality I can not post trades up", and I would have believed you rather than question you or ask for proof. Yet you didnt even do that.
And you are wrong, A FSA registered broker CAN give advise. It just depends which exams they have taken.
regards
Mr Fox
No I'm not wrong. I cannot say anything that might be construed as specific investment advice to anyone that has not signed relevant documentation and undergone a Private Client Profile. Advice has to be tailored and specific to an individuals circumstances. Posting up trades would be suicide for anyone performing a Controlled Function. And you are wrong, A FSA registered broker CAN give advise. It just depends which exams they have taken.
regards
Mr Fox
Mr fox said:
Your getting slippage whilst wiping(thats your excitement). lol
Oh, and after reading your post on your tennants having problems with a neighbour, and your asking on here whether you should
a)talk to him direct
b)talk to his wife.
HA HAAAA
Talk to his wife... Are you for real, and what makes it EVEN WORSE you need encouragement, and advice from fellow PH's. is this guy for real. If your balls are that big that you cant even speak to him, and want to be a bh, and approach his wife. How the hell are you going to do well as a trader. Now jog on, and go get your boss his coffee.
Haa Haa
oh P.S. regards
mr Fox
I have no desire to be a trader, I have never done, and will never do. Oh, and after reading your post on your tennants having problems with a neighbour, and your asking on here whether you should
a)talk to him direct
b)talk to his wife.
HA HAAAA
Talk to his wife... Are you for real, and what makes it EVEN WORSE you need encouragement, and advice from fellow PH's. is this guy for real. If your balls are that big that you cant even speak to him, and want to be a b
h, and approach his wife. How the hell are you going to do well as a trader. Now jog on, and go get your boss his coffee.Haa Haa
oh P.S. regards
mr Fox
whilst I have respect for those that do trade for a living, I value my free time more than that
DoubleSix said:
Mr fox said:
How hard was it for you to just say "yes i am a FSA registered broker, and unfortunately due to compliance, and confidentiality I can not post trades up", and I would have believed you rather than question you or ask for proof. Yet you didnt even do that.
And you are wrong, A FSA registered broker CAN give advise. It just depends which exams they have taken.
regards
Mr Fox
No I'm not wrong. I cannot say anything that might be construed as specific investment advice to anyone that has not signed relevant documentation and undergone a Private Client Profile. Advice has to be tailored and specific to an individuals circumstances. Posting up trades would be suicide for anyone performing a Controlled Function. And you are wrong, A FSA registered broker CAN give advise. It just depends which exams they have taken.
regards
Mr Fox
lol.
Regards
mr Fox.
Mr fox said:
Wow.
I really think I have heard it all. I come on here to share my experience in the life of an amateur trader, and all I got was insults, and abuse. First it pissed me of, but on reflection is quite amusing, but what has really made me LOL is some of the responses I got.
I'm told i must be a scammer as this is my first post ever. I guess everybody has to start somewhere, and i thought why not here. Then I'm questioned over my spread. Now if "Dubai's" assessment in his trades is as good as his investigation into my spread, then he sure is going to struggle as a trader, as the fool didnt even bother to google Fxcm to see if they do spread-betting(google is your friend), but that is irrelevant as "I DON'T" spread-bet, but he failed to understand when I told him that I have a substantial account with FXCM, and that's why they give me very good spread's, which he thought was'nt true. It's the same as if you have large account's anywhere(the bank manager takes you out for meal's etc), or you bank with "Coutts" you get a concierge service etc.
Then you've got someone mentioning it's like a "proffessional sport", lol. Yes it is for me, as I'm actually making money, where as you may be sitting on the side-lines.
I'm told I must be lying if my stop-loss was around 40pips, but I got out for 29(ish), well if my learned collegue who posted that "actually read", what I put in someones response....I did say.."I am going to tighten my spread".
i'm sure there are soem people on here who do work in the industry, but how many of them actually are bona fide FSA registered traders, rather than just jumped up patsy's in their cheap suits, and hermes belts working in a spread-betting company ringing clients to get them to trade.
I have asked certain people to answer my question's, but then all i get is silence, yet they find it "a right" to question me. If you can't answer a simple question as what line of work are you in, are you a FSA registered trader, then why the hell should i post any information about my trades.
Yes I work from a Laptop, and yes it is not ideal, and i have ordered a bespoke desk-top with 4 screens, and until it arrives...laptop it is.
Then some clown comes on with his words of wisdom along the lines of "Avoid Forex".. ha haaa. Is this guy for real(your a programmer at best NOT A TRADER). It's like a footballer told not to KICK the ball.... It is a platform to make money(trillions traded per day), as people see fit. The same guys talking about slippage etc..."I MADE A FEW PIPS ON A 40+ PIP MOVE ON BOTH", Ah I see the slippage now "ITS IN THIS GUYS GRASP OF NUMERACY". LOL.
How bout this one "he must be lying, as he's going in 10% risk, and if 10 trades go wrong he's wiped out"...DUH. Now this poster must win the "NO st SHERLOCK" award. Spoken like a true detective. LOL. Did you ever think that if one 10% trade goes wrong i may not doing it again(and I said upto 10%).
Then we have the amatuer psychologist's who come on here with their infantile reverse psychology tactic's of..."If we call him out, then he'll reveal all his techniques"...why dont you guy's "grow some balls", and actually ask me what I'm doing, and I would've told you.. IT'S NOT A SECRET, BUT VERY SIMPLE.
How much more info did you guys need if i am giving you a LIVE TRADE to look at with stop loss.. OH WAIT. I must be lying as one poster put, as I didnt give an exit. How can you possible determine an exit if the trade is going to do what it wants to(all you can have is expectations)
Then one poster stick's his tongue in the ass of the other trader's(amatuer) along the lines of "oo this sound's fun I wanna spend time with you guys". Why would you want to spend time with trader's who DONT HAVE THE BALLS TO POST LIVE TRADES TO BE SCRUTINISED", and if you asked me that question I'd say NO THANKS.
Let's just say we believe the doubter's, and I am a liar, and "FLUKED" 5 out 6 trades right...
WHY DONT YOU GUYS POST TRADES UP, AND I'LL SCRUTINISE THEM... P.S. please put in target, and stop loss so I can have a laugh if your wrong.
If anything Ive written is wrong please do put me straight.
Anyhoo I've had a good morning trading(in my underpants), and sat having coffee with a Hedge Fund manager in Mayfair, but the question is...What have you been doing.
P.S. I thank some of you who actually DO BELIEVE ME or did send me mail asking me to start posting again, and if theres any person who can say I mailed them with course detail's, wanting money to invest, or any other scheming "I WILL DONATE £10,000 TO THE NSPCC".
Regards
Mr Fox.
Top rant. 7/10. I really think I have heard it all. I come on here to share my experience in the life of an amateur trader, and all I got was insults, and abuse. First it pissed me of, but on reflection is quite amusing, but what has really made me LOL is some of the responses I got.
I'm told i must be a scammer as this is my first post ever. I guess everybody has to start somewhere, and i thought why not here. Then I'm questioned over my spread. Now if "Dubai's" assessment in his trades is as good as his investigation into my spread, then he sure is going to struggle as a trader, as the fool didnt even bother to google Fxcm to see if they do spread-betting(google is your friend), but that is irrelevant as "I DON'T" spread-bet, but he failed to understand when I told him that I have a substantial account with FXCM, and that's why they give me very good spread's, which he thought was'nt true. It's the same as if you have large account's anywhere(the bank manager takes you out for meal's etc), or you bank with "Coutts" you get a concierge service etc.
Then you've got someone mentioning it's like a "proffessional sport", lol. Yes it is for me, as I'm actually making money, where as you may be sitting on the side-lines.
I'm told I must be lying if my stop-loss was around 40pips, but I got out for 29(ish), well if my learned collegue who posted that "actually read", what I put in someones response....I did say.."I am going to tighten my spread".
i'm sure there are soem people on here who do work in the industry, but how many of them actually are bona fide FSA registered traders, rather than just jumped up patsy's in their cheap suits, and hermes belts working in a spread-betting company ringing clients to get them to trade.
I have asked certain people to answer my question's, but then all i get is silence, yet they find it "a right" to question me. If you can't answer a simple question as what line of work are you in, are you a FSA registered trader, then why the hell should i post any information about my trades.
Yes I work from a Laptop, and yes it is not ideal, and i have ordered a bespoke desk-top with 4 screens, and until it arrives...laptop it is.
Then some clown comes on with his words of wisdom along the lines of "Avoid Forex".. ha haaa. Is this guy for real(your a programmer at best NOT A TRADER). It's like a footballer told not to KICK the ball.... It is a platform to make money(trillions traded per day), as people see fit. The same guys talking about slippage etc..."I MADE A FEW PIPS ON A 40+ PIP MOVE ON BOTH", Ah I see the slippage now "ITS IN THIS GUYS GRASP OF NUMERACY". LOL.
How bout this one "he must be lying, as he's going in 10% risk, and if 10 trades go wrong he's wiped out"...DUH. Now this poster must win the "NO s
t SHERLOCK" award. Spoken like a true detective. LOL. Did you ever think that if one 10% trade goes wrong i may not doing it again(and I said upto 10%).Then we have the amatuer psychologist's who come on here with their infantile reverse psychology tactic's of..."If we call him out, then he'll reveal all his techniques"...why dont you guy's "grow some balls", and actually ask me what I'm doing, and I would've told you.. IT'S NOT A SECRET, BUT VERY SIMPLE.
How much more info did you guys need if i am giving you a LIVE TRADE to look at with stop loss.. OH WAIT. I must be lying as one poster put, as I didnt give an exit. How can you possible determine an exit if the trade is going to do what it wants to(all you can have is expectations)
Then one poster stick's his tongue in the ass of the other trader's(amatuer) along the lines of "oo this sound's fun I wanna spend time with you guys". Why would you want to spend time with trader's who DONT HAVE THE BALLS TO POST LIVE TRADES TO BE SCRUTINISED", and if you asked me that question I'd say NO THANKS.
Let's just say we believe the doubter's, and I am a liar, and "FLUKED" 5 out 6 trades right...
WHY DONT YOU GUYS POST TRADES UP, AND I'LL SCRUTINISE THEM... P.S. please put in target, and stop loss so I can have a laugh if your wrong.
If anything Ive written is wrong please do put me straight.
Anyhoo I've had a good morning trading(in my underpants), and sat having coffee with a Hedge Fund manager in Mayfair, but the question is...What have you been doing.
P.S. I thank some of you who actually DO BELIEVE ME or did send me mail asking me to start posting again, and if theres any person who can say I mailed them with course detail's, wanting money to invest, or any other scheming "I WILL DONATE £10,000 TO THE NSPCC".
Regards
Mr Fox.
Suns out. In vino veritas, what not.
That's quite a swift change from a humble punter who stumbled across a guru teacher into someone who knows everyone's boss
You'll know my boss because it's me and I have offices in the City and Mayfair and there's every chance that we've spoken at some point.
The Nivs will know.
z4chris99 said:
Mr fox said:
Your getting slippage whilst wiping(thats your excitement). lol
Oh, and after reading your post on your tennants having problems with a neighbour, and your asking on here whether you should
a)talk to him direct
b)talk to his wife.
HA HAAAA
Talk to his wife... Are you for real, and what makes it EVEN WORSE you need encouragement, and advice from fellow PH's. is this guy for real. If your balls are that big that you cant even speak to him, and want to be a bh, and approach his wife. How the hell are you going to do well as a trader. Now jog on, and go get your boss his coffee.
Haa Haa
oh P.S. regards
mr Fox
I have no desire to be a trader, I have never done, and will never do. Oh, and after reading your post on your tennants having problems with a neighbour, and your asking on here whether you should
a)talk to him direct
b)talk to his wife.
HA HAAAA
Talk to his wife... Are you for real, and what makes it EVEN WORSE you need encouragement, and advice from fellow PH's. is this guy for real. If your balls are that big that you cant even speak to him, and want to be a b
h, and approach his wife. How the hell are you going to do well as a trader. Now jog on, and go get your boss his coffee.Haa Haa
oh P.S. regards
mr Fox
whilst I have respect for those that do trade for a living, I value my free time more than that
Yet all the rubbish you've been spouting in this thread for all to read, pretending you have a clue(and if youve forgotten, maybe you should go back, and re-read the whole thread).
AND now it transpires..... "I have no desire to be a trader".
Haa Haa.
oh it makes sense now. What youve actually spouted is words from other traders in your company giving it the "Billy Big b
k's", and blinded by the kudos they get in the office, AND YOUR DESIRE TO FIT IN WITH THEM youve decided to spout it here. Can I ask what your job title is.
Yep your better off being a "TIMID LANDLORD"
P P P please Sir, can I have my rent.
Mr fox said:
Judging by what you've written I guess you know more about scams than I do. Your not trying to drum up business for yourself there are you.
" hear all, hear all. Here comes the white knight on his trusty steed to save you all from believing a word that's said by the fox".
Lol
May I ask are you actually a bona fide FSA registered trader/broker or just an advisor at best hanging on the coat-tails of the investment sector. Please do respond as I'm very interested to know.
P.S. and how is your trading going. Would you be kind enough to post your live trades here for all to look at.
Regards
Mr Fox.
You've repeatedly asked people, myself included, to post up trades, seemingly oblivious to the consequences of them doing so. Aside from the fact that they may have no inclination to prove themselves to a stranger on the internet. " hear all, hear all. Here comes the white knight on his trusty steed to save you all from believing a word that's said by the fox".
Lol
May I ask are you actually a bona fide FSA registered trader/broker or just an advisor at best hanging on the coat-tails of the investment sector. Please do respond as I'm very interested to know.
P.S. and how is your trading going. Would you be kind enough to post your live trades here for all to look at.
Regards
Mr Fox.
This is what I meant about blah, blah, blah.... I'm not interested in arguing the toss with a johnny come lately like yourself. Legitimate or not (and I don't actually care very much) the facts as we know them are; you were dumb enough to part with large sums of cash for low grade seminars, you were dumb enough to think you could start a thread like this and for it not to attract considerable scrutiny/doubt, you are dumb enough to repeatedly misspell the word advice.
Now if you can genuinely see a profitable future for yourself in trading then my 'advice' would be to quietly get on with it and sail off into the sunset.
DoubleSix said:
Mr fox said:
Judging by what you've written I guess you know more about scams than I do. Your not trying to drum up business for yourself there are you.
" hear all, hear all. Here comes the white knight on his trusty steed to save you all from believing a word that's said by the fox".
Lol
May I ask are you actually a bona fide FSA registered trader/broker or just an advisor at best hanging on the coat-tails of the investment sector. Please do respond as I'm very interested to know.
P.S. and how is your trading going. Would you be kind enough to post your live trades here for all to look at.
Regards
Mr Fox.
You've repeatedly asked people, myself included, to post up trades, seemingly oblivious to the consequences of them doing so. Aside from the fact that they may have no inclination to prove themselves to a stranger on the internet. " hear all, hear all. Here comes the white knight on his trusty steed to save you all from believing a word that's said by the fox".
Lol
May I ask are you actually a bona fide FSA registered trader/broker or just an advisor at best hanging on the coat-tails of the investment sector. Please do respond as I'm very interested to know.
P.S. and how is your trading going. Would you be kind enough to post your live trades here for all to look at.
Regards
Mr Fox.
This is what I meant about blah, blah, blah.... I'm not interested in arguing the toss with a johnny come lately like yourself. Legitimate or not (and I don't actually care very much) the facts as we know them are; you were dumb enough to part with large sums of cash for low grade seminars, you were dumb enough to think you could start a thread like this and for it not to attract considerable scrutiny/doubt, you are dumb enough to repeatedly misspell the word advice.
Now if you can genuinely see a profitable future for yourself in trading then my 'advice' would be to quietly get on with it and sail off into the sunset.
Yes I asked you to post trades, yet you cant be curteus enough to just say with a few words "Due to my job I am unable to do so", and that would have been enough,
and now I must be dumb because i can't spell. I admit it's not my strong point, but you can be infantile enough talking about a posters penis, and then be holier than thou with "People giving your industry a bad name".
I'm struggling with the 1 pip spread, makes no sense to me as someone that has traded for 12 years now, at least 10 hours a day, every day, with DMA to CME, LIFFE Eurex etc. Some of the guys in my office use FXALL, I don't really trade FX but I spoke to one of them today, the spread can sometimes be 1 pip but as an example on cable it probably averages 1.5 pips plus they pay a commission. FXALL is used by Institutions, Asset Managers etc, it has massive liquidity and you can easily fill in a £50m order and the rest. Yet somehow you can beat this spread. I don't buy the large account size gets you the 1 pip spread either, with respect you are a tiny fish in a very very large ocean.
As to your trading, and this is to all those reading this thread coming from someone who really knows trading, as someone else mentioned taking 6 pips is the noise, you will get carved up eventually. You cannot make money in the long run taking 6 pips. Of course you will disagree and tell me I am a mug and you have a system or a method that works, I've heard them all from loads of people. Finally no, I'm not a bitter trader with pessimism because you are doing well (supposedly) and I am not, quite the opposite, I'm doing really well and bar the first 18 months of learning to trade in late 2000 I always have done. Sorry to be blunt but I have heard and read so much crap over the years than I just get annoyed when I read these threads because so many people that do not understand trading will read what you write and think it is easy, it's not, you have to know what you are doing and you don't learn as quickly as you have done. It takes years to build up knowledge and a feel for the market. I've probably spent 15,000 hours sitting in front of 10 screens looking at what markets do, that makes me an expert like a pilot that has 15,000 hours is an expert.
The last person I heard with a story like you ended up getting shut down by the FSA for a giant scam, look up Sure Investment and Ben Wilson. I'm not saying you are a scammer but in general people with unbelievable stories in such a short time frame are usually speaking out of their backside. I know there are 2 other traders that have left comments on here, I don't know them but I can see they are sceptical as well, everything they write makes sense to me, nothing you write does.
Either way if you really are trading good luck to you, all I will say is keep it tight. I have really written this for other people to read, not you.
As to your trading, and this is to all those reading this thread coming from someone who really knows trading, as someone else mentioned taking 6 pips is the noise, you will get carved up eventually. You cannot make money in the long run taking 6 pips. Of course you will disagree and tell me I am a mug and you have a system or a method that works, I've heard them all from loads of people. Finally no, I'm not a bitter trader with pessimism because you are doing well (supposedly) and I am not, quite the opposite, I'm doing really well and bar the first 18 months of learning to trade in late 2000 I always have done. Sorry to be blunt but I have heard and read so much crap over the years than I just get annoyed when I read these threads because so many people that do not understand trading will read what you write and think it is easy, it's not, you have to know what you are doing and you don't learn as quickly as you have done. It takes years to build up knowledge and a feel for the market. I've probably spent 15,000 hours sitting in front of 10 screens looking at what markets do, that makes me an expert like a pilot that has 15,000 hours is an expert.
The last person I heard with a story like you ended up getting shut down by the FSA for a giant scam, look up Sure Investment and Ben Wilson. I'm not saying you are a scammer but in general people with unbelievable stories in such a short time frame are usually speaking out of their backside. I know there are 2 other traders that have left comments on here, I don't know them but I can see they are sceptical as well, everything they write makes sense to me, nothing you write does.
Either way if you really are trading good luck to you, all I will say is keep it tight. I have really written this for other people to read, not you.
marky1 said:
I'm struggling with the 1 pip spread, makes no sense to me as someone that has traded for 12 years now, at least 10 hours a day, every day, with DMA to CME, LIFFE Eurex etc. Some of the guys in my office use FXALL, I don't really trade FX but I spoke to one of them today, the spread can sometimes be 1 pip but as an example on cable it probably averages 1.5 pips plus they pay a commission. FXALL is used by Institutions, Asset Managers etc, it has massive liquidity and you can easily fill in a £50m order and the rest. Yet somehow you can beat this spread. I don't buy the large account size gets you the 1 pip spread either, with respect you are a tiny fish in a very very large ocean.
As to your trading, and this is to all those reading this thread coming from someone who really knows trading, as someone else mentioned taking 6 pips is the noise, you will get carved up eventually. You cannot make money in the long run taking 6 pips. Of course you will disagree and tell me I am a mug and you have a system or a method that works, I've heard them all from loads of people. Finally no, I'm not a bitter trader with pessimism because you are doing well (supposedly) and I am not, quite the opposite, I'm doing really well and bar the first 18 months of learning to trade in late 2000 I always have done. Sorry to be blunt but I have heard and read so much crap over the years than I just get annoyed when I read these threads because so many people that do not understand trading will read what you write and think it is easy, it's not, you have to know what you are doing and you don't learn as quickly as you have done. It takes years to build up knowledge and a feel for the market. I've probably spent 15,000 hours sitting in front of 10 screens looking at what markets do, that makes me an expert like a pilot that has 15,000 hours is an expert.
The last person I heard with a story like you ended up getting shut down by the FSA for a giant scam, look up Sure Investment and Ben Wilson. I'm not saying you are a scammer but in general people with unbelievable stories in such a short time frame are usually speaking out of their backside. I know there are 2 other traders that have left comments on here, I don't know them but I can see they are sceptical as well, everything they write makes sense to me, nothing you write does.
Either way if you really are trading good luck to you, all I will say is keep it tight. I have really written this for other people to read, not you.
I do agree with you on some aspects, but as you have said you dont trade Fx, and I certainly have no reason to doubt your capabilities, nor lie to anyone/you. It is a floating spread, which you may find hard to believe sometimes drop's below 1 to 0.9 etc.As to your trading, and this is to all those reading this thread coming from someone who really knows trading, as someone else mentioned taking 6 pips is the noise, you will get carved up eventually. You cannot make money in the long run taking 6 pips. Of course you will disagree and tell me I am a mug and you have a system or a method that works, I've heard them all from loads of people. Finally no, I'm not a bitter trader with pessimism because you are doing well (supposedly) and I am not, quite the opposite, I'm doing really well and bar the first 18 months of learning to trade in late 2000 I always have done. Sorry to be blunt but I have heard and read so much crap over the years than I just get annoyed when I read these threads because so many people that do not understand trading will read what you write and think it is easy, it's not, you have to know what you are doing and you don't learn as quickly as you have done. It takes years to build up knowledge and a feel for the market. I've probably spent 15,000 hours sitting in front of 10 screens looking at what markets do, that makes me an expert like a pilot that has 15,000 hours is an expert.
The last person I heard with a story like you ended up getting shut down by the FSA for a giant scam, look up Sure Investment and Ben Wilson. I'm not saying you are a scammer but in general people with unbelievable stories in such a short time frame are usually speaking out of their backside. I know there are 2 other traders that have left comments on here, I don't know them but I can see they are sceptical as well, everything they write makes sense to me, nothing you write does.
Either way if you really are trading good luck to you, all I will say is keep it tight. I have really written this for other people to read, not you.
USD/JPY NOW FLOATING BETWEEN 1.1-0.9...EUR/USD NOW 1.3-1.0 I assure you.
Yes a few pips is noise, but as I put in the start of "THAT POST" I said "Today i am going to be mainly scalping", which I thought was good to put in there TO MAKE PEOPLE AWARE that as a trader you "MUST NOT BE A ONE TRICK PONY". I do intra- day, position trading(over a few days, or months), I have stratagies for a trending market, consolodating market.
This atm is for me the "honeymoon" period, and in my excitement wanted to share with other like minded people. Yes it could go horribly wrong in the future, and I could end up working in Mcdonalds, but this is a path I have chosen, and I'm just giving it my best shot. I have never said it's easy, as people dont see the hard work that goes into it behind the scenes also. Since I moved to London I have been introduced by friends to knowledgable/industry people, and as we've become friends, I'd ask them questions about anything, and everything, as I wanted to do was learn from them, find whats best etc.
I have said from the start "I'm an amateur at best, and ignorant fool at worst", and with that sort of disclaimer who is going to sell their house/car, and give it a shot...NO-ONE(I hope), but there shouldnt be anything/one stopping people opening demo/micro/mini lot accounts, and having a go. Maybe they end up being good at it.
I appreciate your frankness, and words of wisdom with sincerity.
Regards
Mr Fox.
OP, you must be fabulously wealthy based upon the huge amount you have in your trading account to get your spreads, so why don't you just ignore everybody on here, chill out and enjoy the cash and your trading success. No rational person is going to believe you without some kind of evidence, if you can't appreciate that, and the sceptical nature of the average forum poster then you are a fool.
Bluequay said:
OP, you must be fabulously wealthy based upon the huge amount you have in your trading account to get your spreads, so why don't you just ignore everybody on here, chill out and enjoy the cash and your trading success. No rational person is going to believe you without some kind of evidence, if you can't appreciate that, and the sceptical nature of the average forum poster then you are a fool.
Thank you for your words of wisdom. I'll do just that.Regards
Mr Fox
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