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For those who already live the forex dream lifestyle


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Hmm. What is this thread all about?

 

I guess the TS wants to know the traders who are already lives the dream life - i.e: driving ferrari or lambo, lives in a mansion, travel around the world while still trading at the same time, and still being able to take your 'pay' at will through a payoneer card etc - then ask the ultimate question HOW you actually doing it and would you mind to share it. LOL.

Edited by netpreneur
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Well I recently met a trader in Hyderabad in India who has accumulated dozens of millions of dollars in 40 years from the markets, I sat right next to him in his mansion and watched live as he made around $10k on the first day, $4k the second day and the other days i was able to sit next to him were profitable as well.

 

He logged into his brokers back office site in front of my eyes and showed me his ledger, he starts with just $4k and trades it to $100k which he does in around 18 months 18-24 months or so and then withdraws all the money except the original 4k and starts again. The statement i saw he did it in 2 years.

 

You wont believe this but on one particular year he started with just 20 thousand rupees (around 400usd) and ended the year at 20 lakhs (around 40k usd)

 

I know it all sounds like a fairy tale and don't expect most ppl to believe it, hell even I myself wouldn't believe it if someone told me either but this what my eyes saw, unless he's created a fake website ....... which is unlikely because he's well into his 70's and the broker came over to his place one evening and i met him and he too told me as well he's one of the largest turnover traders for the broker's hyderabad office

 

This was just day trading futures his long term stock positions have even more money (he hedged it two months back) .... so I suppose there must be other people like him and even bigger than him I suppose, but I guess they're few and maybe they dont come to forums so we dont know about them.

 

But this person was trading fuutres and stocks not forex ..... but I'm sure there must be such successful forex traders as well.

Edited by hermanhess
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sure .... but i should say his methods cant be applied to fx or commodities he himself told me that. His day trading is primarily single stock futures. He use a variety of tools ichimoku, tick charts standard indicators like macd, bb. ma's oscillators were stochs rsi mfi cci, tick charts, 3min charts, had 5 screens, DOM , the market index, had the news channels on TV ....always had his eye on the news use lots of fundamentals,

 

It was pretty chaotic, frankly i was rather lost couldn't keep up with his live trading.

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