Ajarn Forum - Living and Teaching In Thailand - View Single Post - FXCM, a bit more serious
View Single Post
Old 25th August 2007, 01:57   #94 (permalink)
Nanog
Nanog is.....
Established User
 

Join Date: Dec 2004
Posts: 250
vCash: 1300
Rep Power: 51
Nanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond reputeNanog has a reputation beyond repute
Re: FXCM, a bit more serious

Quote:
Originally Posted by esoteric1
if she "made" $3.4 million, does it matter what the initial stake was? I take "made" to mean that was her profit from whatever amount she started with, no?
It really does matter because her accomplishment can only really be measured in terms of her percentage gain on her initial capital. If she strated off with $3.4 million and then made a further $3.4 million then she has made a 100% profit. If she started off with $100 million then her profit doesn't seem quite as good. O believe she made this money over 2 years which still doesn't say that she is a good trader. She may have got lucky. I heard of a Scottish woman who made over £38 million on the Euro lottery from an initial stake of £1? but that is gambling. Maybe this Japanese woman gamble and got lucky somehow. I have managed to double my account in a month but what I was really doing was gambling in Forex. If I would have continued.....maybe I would have double my account again the next month....who knows? However, if I would continue using the 'method' I was using then I would in time certainly have lost all in the end. A good trader manages to stay in the business year in year out. I heard today of a trader who used to work for one of the banks who said that if a trader can make 14% annual gains trading.....then he or she is up there amongst the elite - in trading terms.

It doesn't sound like much does it. However, before you get too disillusioned with this Forex business the the 'paltry' percentages made by the best in the business.....if you can reach such dizzy heights and show a record of your trading success over a longer period of time......then you would be taken on by an institution and manage other people's money yourself. That's where the money is really made in the business.

Last edited by Nanog; 25th August 2007 at 02:12.
Nanog is offline   Reply With Quote
 
Page generated in 0.07657 seconds with 13 queries