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  1. #1
    Senior Investor Adster's Avatar
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    Default Making a living out of forex/hyip's or both?

    Anyone given up working for someone else to do this? How much can you realistically make doing this?

    Something am contemplating in the near future so feedback be appreciated. 8)

    Adster.

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    Hey adster,
    I can speak a little for the forex side of it. its totally down to you. totally. the harder you study and the more lessons you take on board and the longer you trade with a demo account, the better trader you will be. Ive written a trading system that wins in most markets/currencies but not putting any money down until its proven over time. Look at the results of some of the competition winners on fxcm.com. The current leader is on 800% halfway through the month. That is freakish, but with a good trading system you can consistently make money. Pips is paying about 40%/month - that is pretty good on average. I cant say what your profitablility will/might be - but im pretty bullish about what can be achieved at this point, and my simulated results are very good. I personally will be aiming for 100-200%/month, unless that is proven too difficult. But as it stands if i just walked away from the computer for 1 month came back i should have a lot more money than when i started. Though :lol: i cant see me doing that.

    to be honest though, i would say, dont quit the day job until youve a proven track record of making money in whichever way you do. I changed job on the basis of pips to give me more free time given that pips was taking up the slack... didnt happen, so lesson learned. Now ramping up again with cash in different areas with that free time, but was a bit of a lesson - cant guarantee on a hyip.

    With hyips...hmmmm they are usually based on other peoples forex results, IF they are legit. I wouldnt invest in another hyip, i would prefer to start my own (non-ponzi of course!). If fact i am very interested in the idea, i can do trading and webdesign/programming. Anyone up for it?

  4. #3
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    Hey matey,

    I'm surprised there haven't been more replies to this post. Thought there'd be quite a few out there doing this.

    I wish you every success in doing this. Would it not be an idea to follow an expert and trade in whatever they recommend?

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    Quote Originally Posted by pablo
    I personally will be aiming for 100-200%/month
    Dream on.....
    Quote Originally Posted by pablo
    i can do trading and webdesign/programming. Anyone up for it?
    NO!

  6. #5
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    Hey, think its just the pablo and adster show on in here tonight ... :D

    Just browsing came across this. 40%+ results/month. This is a pretty realistic indicator. My figures are probably a little pie in the sky.
    http://www.boulat.com/hyop/images/fs...erformance.gif

    Yes it is a good idea to get expert help, actually i have some forex traders as one of my clients and i manage/develop their website (its going through a re-design or i would point you there)... which is handy as they post tips and predictions and i get a lot of advice from them. They are uk based too (BTW London is the centre of the forex, the biggest money market in the world). To be honest though... sorry all you 'experts' out there, but no one knows where the market is going for sure, dont put too much faith in them. The proof is in the pudding, or in the charts themselves, and things change very quickly, and the experts wont be there to tell you what to do.

    Dude, if you have the time and are really interested, and get the vttrader platform running, ill send you over my trading system and you can look at it in action. I would really like it if a few people wanted to communicate on this forum about trading, as i come here looking for news (too much maybe). I looked around on the vttrader forum but its dead no one goes there except for programming questions. This is a great way to spend time whilst we are waiting for the cha-ching to come through from our friends in malaysia.

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    Quote Originally Posted by pablo
    Hey, think its just the pablo and adster show on in here tonight ... :D

    Just browsing came across this. 40%+ results/month. This is a pretty realistic indicator. My figures are probably a little pie in the sky.
    http://www.boulat.com/hyop/images/fs...erformance.gif



    Dude, if you have the time and are really interested, and get the vttrader platform running, ill send you over my trading system and you can look at it in action. .
    I am interested in seeing your system in action :D

    Firstwave

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    Dream on huh? Well, im ambitious i grant you. I will settle for around 50%/month; but currently i believe i can do better than that. In my first week i made about 80%, then didnt have time to trade for about a week. It was i recognise now a dangerous strategy. Then i started making some refinements. I have since backtested and refined a very much more secure approach. Its back-projecting 50%/week on almost all trending markets - providing markets not moving sideways in which case i dont trade. Today was its first day in operation and the money is climbing quickly, i will ride this trend out then have around 20% already. Just out of curiosity - do you have any evidence that proves i cannot achieve a min 50%/month? Furthermore....would you like a bet on it? A lot of hyips claim that they do just this. C'mon wolfy babes i know you want to! http://www.boulat.com/hyop/images/fs...erformance.gif
    However i grant you there is some distance between my bold claim (a good month) and my conservative claim (average hyip performance).
    Anyway would like to hear your thoughts and experiences and the kinds of systems you use.

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    IF you can make more than 40%/month consistently, than you're a toptrader

    Again...put your money where your mouth is and let me see this system in action.....

    Who knows...i might help you with your hyip (limited membership from start and limited funds to start) :D

    email me at [email protected]

    Regards,

    Firstwave

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    For anyone who is interested - go get VTTrader setup, have a play with it.

    Sign up here (yes free of course)
    http://www.cmsfx.com/

    Read the manual, read the e-book, see if you are interested. If in 3 weeks you are still excited, then lets i will send out trading systems for you to play with. For now i could post graphs but then i would spend 10 thread pages explaining them. If along the way you find out your just not that kind of person, then maybe better to join PabloPay or PlexPay or PossiblyGoingToDisappearPay (actually PabloPay isnt one of those).

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    Pablo,
    I myself began a forex demo account last Christmas using oanda.com's trading platform and have seen some amazing gains, as well as losses. I laid off of it for a while due to certain circumstances that came up not allowing me the time or focus to continue learning forex, but I am now finally able to get back into it.

    I will give cmsfx a try and see how the 2 compare. If you wouldn't mind, I would like to take a look at your system in action and who knows, if you're serious enough with setting up a system of your own, I might be interested in joining.

    Cheers

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