How I got rich (By request of a few members)

[Bible_Belt]

http://www.gftforex.com/forex/

100-to-1 leverage reduces the need for large
amounts of capital.

Damn.

And no up-tick, rule, either. I am impressed.

No restrictions on shorting which allows you to
enjoy profit opportunities during any market
condition.


A $5k account is not out of my reach, but I doubt that I can trade and go to law school at the same time. Trading is fun, and school is not. I finish in May, and being a forex trader looks a lot better than studying for the bar exam.

 

[AngelusPUA]

Just another tip I didn't get rich because of luck I just found a few good methods and stuck to them for example.

Just about every Tuesday and Wednesday between 8pm and 1am Melbourne time (GMT+10) the GBP/USD currency pair will rally at least 100 pips now this happens just about every Tuesday and Wednesday. What I do is waiting for the rally to begin than buy or sell depending on what way its heading and go along for the ride. So twice a week I am making a minimum of 160 pips profit, there was a periods were I was investing only on Tuesday and Wednesday on those rallies and I was earring close to 50k a week on just 2 deals.

I sit at my computer 2 nights a week and walk away with 50k profit. So watch out for that trend between 8pm-1am (GMT+10) GBP/USD rallies about 100 pips.

It has been known to sometimes happen earlier or later but 90% of the time it happens between 8pm and 1am

Bible remember don't jump straight in you will become part of the 90% that fail do reasearch and use demos first. Plus you can always ask me for tips and tricks.

 

[radronOmega]

This is what's great about Don Juan forum that really separates it from fast seduction in my opinion. Don Juans have outside lives too, and the confidence isn't just in women but it translates to real life too. You are a perfect example of this Asian because you break the statistics and have the confidence to know you'll win out. I commend you and i'm planning on taking the Business/Investment route too over college (even though my academics are great, I just find I can do better things with my time).

Hey Angel, what do you think of the Rich dad/Poor dad series? The cashflow quadrent? And prophecy?

 

[Holland]

Yeah, I've made 50 euro's

 

[AngelusPUA]

hypothetical money I hope, you shouldn't be investing real money so soon.

 

[MetalFortress]

GBP/USD

I made 300 dollars off that one by selling short on the simulator. I didn't know about the 50:1 ratio though, I thought it was 1:1, so now I know I can make a whole lot more on those.

 

[madgame]

No matter if I believe your every word or not (I'm not saying I don't I'm just a very skeptical person ;-)), I have to say you're an inspiration to, and definetly at the right time. I wasn't really considering to get back into the market before I finish college (which will be in like 3 years or so), which if I think about it now, is a stupid idea considering how much (mostly positive) experience I have with stocks already..and I should stick to it. I'm definetly gonna try my approaches out on demo programs and stock market simulations, right after my exams, which will be over in 2 1/2 weeks (however now I better focus on it...;-)) so I can see if my past success has to be attributed to mostly chance or if I do have a working system.

And thanks for that little tip, I'll watch out for the rally in the future.

DONT RUSH IN, USE THE DEMO PROGRAMS AND STUDY FOR ATLEAST 6 MONTHS BEFORE YOU PUT MONEY IN.

I just can't stop agreeing on this...either you have a trading approach that works (which will work in a simulation without money AND LATER with money) or you don't. And if you don't you're relying on nothing but chance...and could as well play lotto...

Professional Sports bettors do the same damn thing btw: They predict how high the chance of winning a bet is (by using mathematical/statistical formulas for certain types of bets (the more the better)...and pull the trigger if a bet has a winning chance of 55% or higher according to their formulas (which means if they take that bet 1,000,000 times they'll win it around 550,000 times...little exaggeration of course). That way they win 55%-60% of their bets, which doesn't sound too much (but taking many bets allows them to turn their cash over more times), but as the break even percentage is 53% it means they're making money. I'm not a professional sports bettor or anything, but I know how it works....and with the stock market it's the same thing:

either you have a trading system, that allows you to make gains if you make a high number of trades (that's why you should never put too much money on one position, like Angelus said...though personally I think 20% is pretty high..maybe too high as an upper limit) or you don't have one...

and if you don't have one what you're doing is really nothing but playing a game of luck....However the good news is that if you can constantly make money with a trading approach in a (proper) simulation, you're all set.

 

[typical]

Please someone sticky this asap.

 

[AngelusPUA]

Glad I inspired you to start trading again madgame

 

[AngelusPUA]

I made 300 dollars off that one by selling short on the simulator. I didn't know about the 50:1 ratio though, I thought it was 1:1, so now I know I can make a whole lot more on those.

What do you mean you can make more? the 50:1 doesn't effect how much money you make.

 

[Taviii]

Professional Sports bettors do the same damn thing btw: They predict how high the chance of winning a bet is (by using mathematical/statistical formulas for certain types of bets (the more the better)...and pull the trigger if a bet has a winning chance of 55% or higher according to their formulas (which means if they take that bet 1,000,000 times they'll win it around 550,000 times...little exaggeration of course). That way they win 55%-60% of their bets, which doesn't sound too much (but taking many bets allows them to turn their cash over more times), but as the break even percentage is 53% it means they're making money. I'm not a professional sports bettor or anything, but I know how it works....and with the stock market it's the same thing:

This is true in the case of casinos. You know there is a 0 and 00 at the roulette table. If you throw the ball for an infinite number of times the time it lands on red and on black tends to be equal. So if someone would bet for n infinite amount of times (on red or black of course) they should be even because the parity is 1:2. The casino wins because of the 0 and 00.

In the case of sport betting it is more of an instinct than a mathematical calculation. It is almost impossible to find a pattern. If you watch football a lot like I do it is easier to find a good bet, and thus win more times than you lose in a large number of bets. But that goes for how well you know the teams, form, injuries etc and not mathematical calculations. Anyways professional betters have a winning percentage of as high as 90% so they don't do the numbers game like you said relying on the 5% to make them money, THEY know football!

Angelus great thread!

How bout I study the market from now on for a few hours everyday. Like an investment you give me 25,000 eur. If I manage to get past the 27,500 eur mark I will start to give you back 10% of everything I make with the money you gave me! If I, like you did make 250,000 eur, you will have your money back and the profit will come from then on.

What do you say? Its the only way I could have 25,000 to start with and we will make a contract to stipulate everything we agree on.

Private message me!

 

[AngelusPUA]

You do know you can start off with as little as US $300 which is about 235 Euro give or take. A reasonable amount to start with is about $2000 which is about 1570 Euro. You don't have to start with $25,000 but if you do want to I will consider it. I just think it would be better to start with $2000 and work you way up that way you don’t owe anybody.

 

[Centaurion]

lol

Somebody is going to get a sh!tloads of PMs begging for money.

Nice info all around.

 

[Taviii]

You do know you can start off with as little as US $300 which is about 235 Euro give or take. A reasonable amount to start with is about $2000 which is about 1570 Euro. You don't have to start with $25,000 but if you do want to I will consider it. I just think it would be better to start with $2000 and work you way up that way you don’t owe anybody.

I got 4 eur right now :crackup:

Let me first play/read around about it more. If it really makes me passionate and you are willing to do it then I will contact you

If there is no passion in it then spending 6 months "training" will be an impossible task.

lol

Somebody is going to get a sh!tloads of PMs begging for money.

Nice info all around.

You realize that the more you invest initially the more you can make. Having more to start with gives you a better chance to succeed between all these sharks that are ready to eat little fish.

Taking money from the bank or saving up like Angelus did is very hard for me. He saved 25,000 in 3 years. In Romania people make an average of 3-4000 eur per yer. Having 25,000 to start with is like starting from pole position on a formula 1 race: if you don't mess something up you win.

Keep the posts coming!

 

[AngelusPUA]

I suggest you move out of Romania 4000 Euro a year is nothing.

 

[OfficeSpace]

I've traded the FOREX before on a demo account... I used http://www.fxcm.com trading platform, and I like it because it has a nice layout. They give you a demo account of around $50,000. I played with it and had a portfolio of around $75,000 in about 3 weeks. I later got phone calls from their site asking me if I wanted to invest real money, etc... The guy on the line was surprised that I was just a 16 year old that took an interest in investing.

I have to admit, when I first read this thread, the first thing that popped into my mind was "troll." Prolly, because I read another thread started by AngelusPUA about flight stewardesses checking him out and basically asking why were they checking him out, and giving reasons like: Am I good looking? because of my money? and later was talking about looks etc... I dunno, but reading that thread made me picture a guy fishing for attention/approval. Haha, I dunno, I'm prolly just jelous

Don't take offense AngelusPUA, I'm just a skeptical guy, I'm not saying you're a toll, and I'm not saying you're not... I honestly would like to see a trading journal/log which most active and successful FOREX traders keep. If what you say is true though, then I'm jelous, and wish I could taste success as you have!

Personally, I've been interested in the FOREX on-and-off. I have come to realise that relying on news to make trades is not always the best idea. One of the things I have learned is look for an opportunity, and don't hold it too long because greed will kill you. Go with the trends.. "The trend is your friend"

I don't like to reveal a lot about my families financial status, but I will say that my step brother is an active FOREX trader and has a portfolio of over $3 million U.S.D. It seems as though he is obsessed with it, since that's all he ever talks about. lol

 

[AngelusPUA]

I do keep a trading journal, it is very good to keep one so you can learn from your mistakes. I'm not seeking attention I was trying to make a point in that thread, you should probably read my other threads.

The trend is your friend; I usually hold out for 100 pips if it is a strong rally or untill my indicators start yelling at me to exit. Right now I'm in a trade, I bought GBP/USD at 1.8591 and it’s hitting 1.8551 that is a 40 pip profit and I’m buying out right now.

Man I am attractive and rich and I will say it if I want, why? Because it’s true and if I have to say it to make a point I will. I’m not going to play off my good fortune just so people don’t think I’m an attention seeker. You think I want approval that fine, it’s your opinion and honestly I don’t really care.

 

[OfficeSpace]

I do keep a trading journal, it is very good to keep one so you can learn from your mistakes. I'm not seeking attention I was trying to make a point in that thread, you should probably read my other threads.

I just looked your past posts on SoSuave, and you seem to be a pretty nice guy. Sorry if I don't totally believe your whole story, just give me time... hehe I'm one that takes more than a pretty story to convince, although I admit, it is really an inspiring one!

 

[AngelusPUA]

I don’t expect you to believe me because in all honesty I can hardly believe it myself. Sometimes I look at my life and everything I got and I tell myself this is wrong how can I have all this I'm only 21, I always wanted to be a millionaire but I was aiming for age 25, if you told me at 16 that by 20 I would be a millionaire I wouldn't believe it.

 

[OfficeSpace]

I don’t expect you to believe me because in all honesty I can hardly believe it myself. Sometimes I look at my life and everything I got and I tell myself this is wrong how can I have all this I'm only 21, I always wanted to be a millionaire but I was aiming for age 25, if you told me at 16 that by 20 I would be a millionaire I wouldn't believe it.

Hey excellent point! The way you handle yourself in answering me make me believe your story more and more. I know there are people who have great success in the financial world, I just never expected to see it be one of our very own SS members.