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My Journey Building a $1,000,000 Forex Portfolio
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Originally posted by Nick View Post
Why don't you challenge me to a race? :P
you are the one who made statement and alter it later on.
You are the one who should fulfill it.
Trading is not a game, it is not a challenge.
I have my own trading criteria and in no way I would publicly announce I will make million dollar profit like you.
Why?
Because I have seen many guys proposing this and none of them was able to do so.
Because if I made million USD profit I wont need to make it public nor any investor.
If you are able to make million US profit why do you run this forum
In any way as I said
Well it seems we dont need to discuss it further.
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Originally posted by vontogr View Post
Nick,
you are the one who made statement and alter it later on.
You are the one who should fulfill it.
Trading is not a game, it is not a challenge.
I have my own trading criteria and in no way I would publicly announce I will make million dollar profit like you.
Why?
Because I have seen many guys proposing this and none of them was able to do so.
Because if I made million USD profit I wont need to make it public nor any investor.
If you are able to make million US profit why do you run this forum
In any way as I said
Well it seems we dont need to discuss it further.
To address your points:
Trading is not a game, it is not a challenge
I think it is, just like everything in life. We're all trying to overcome challenges and ultimately "win" (which can mean a bunch of different things depending on who you are)
You don't want to do it because you've seen so many people fail in the past.
If everyone had this attitude we'd still be living in a cave waiting for someone else to work out how to make fire.
If I can make $1mil then why do I need to run this forum/site
There are a few reasons. I enjoy it mainly, but most importantly there's no way I'd get access high quality traders if I was by myself. The only reason our traders join here and agree to manage hundreds of small accounts is because we make it scalable for them.
Once I get to the $1mil hurdle I won't NEED to run this site, however I'll continue doing it because I believe what we're doing will change the lives of hundreds of our members and it's not just about me.
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Originally posted by Jonas71I have absolutely no doubt that Nick will make $1 million... from the broker rebates and signal subscriptions from everyone here who will end up losing most of their accounts.
Such is retail forex.
My $1mil mission is based solely on trading accounts. We don't do signals anymore and have instead elected to go with performance only managed accounts, if that doesn't show we're backing ourselves to make clients money, then I don't know what is.
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Originally posted by Nick View Post
Every comment you make on this forum speaks of an old man jaded by the sands of time. If you can't do it, then you'll do your best to bring everyone down around you.
My $1mil mission is based solely on trading accounts. We don't do signals anymore and have instead elected to go with performance only managed accounts, if that doesn't show we're backing ourselves to make clients money, then I don't know what is.
However I'm prepared to admit I'm wrong, how about you make clients whole on their loses following Hans' recent blow-up? Do that and I'll publicly say something positiveLast edited by Jonas71; 01-13-2017, 12:20 AM.
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Originally posted by Jonas71 View Post
lol. Every signal provider you bring on board averages down, and blows up losing clients money. Also you may have stopped/reduced signal payments, but I bet you still get rebates. Is that why your traders average down and over-trade?
However I'm prepared to admit I'm wrong, how about you make clients whole on their loses following Hans' recent blow-up? Do that and I'll publicly say something positive
- Nobody has blown up here in the past 3 years
- We don't earn rebates on the MAM's (we've actually negotiated discounted commission and passed on the savings to clients, $3.75AUD/lot round turn at AxiTrader, try getting that deal directly)
- It's not a savings account, nothing is guaranteed. HOWEVER we did forgo over $20,000 in performance fees when the GoldStar MAM launched as a good will gesture to clients. As a result we've run GoldStar MAM's since October last year supporting hundreds of clients, and are yet to make a single dollar out of it. But we will, once clients get back above water, which they will.
Anything else?
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Originally posted by Nick View Post
Ok, if we're going to have a debate you'll need to stop fabricating information.
- Nobody has blown up here in the past 3 years
- We don't earn rebates on the MAM's (we've actually negotiated discounted commission and passed on the savings to clients, $3.75AUD/lot round turn at AxiTrader, try getting that deal directly)
- It's not a savings account, nothing is guaranteed. HOWEVER we did forgo over $20,000 in performance fees when the GoldStar MAM launched as a good will gesture to clients. As a result we've run GoldStar MAM's since October last year supporting hundreds of clients, and are yet to make a single dollar out of it. But we will, once clients get back above water, which they will.
Anything else?
Technically Nick is correct saying that no trader has blown there account that I know of in the last three years. Although two traders come to mind that there account was pretty much on the verge of margin call and have not been able to trade out of their position which to my opinion is pretty close to blowing account. They are Trade Alerter and Day Fox.
I think it is up to the follower to do their due diligence with traders and set their own comfortable risk profile.At the end of the day each investment has it's risk and you have to diversify to ensure that over the long term you end up in better position.
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Originally posted by Jonas71 View Post
lol. Every signal provider you bring on board averages down, and blows up losing clients money. Also you may have stopped/reduced signal payments, but I bet you still get rebates. Is that why your traders average down and over-trade?
However I'm prepared to admit I'm wrong, how about you make clients whole on their loses following Hans' recent blow-up? Do that and I'll publicly say something positive
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Originally posted by dazz1975 View Post
Technically Nick is correct saying that no trader has blown there account that I know of in the last three years. Although two traders come to mind that there account was pretty much on the verge of margin call and have not been able to trade out of their position which to my opinion is pretty close to blowing account. They are Trade Alerter and Day Fox.
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Originally posted by jamesbeighty View PostHi Nick
What I's find really useful is we could just have one managed account, that followed your master account.
That way we could could all join in the journey on exactly the same breakdown/ratios that you are using
I would also like this
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Originally posted by Nick
Thanks Dazz, I appreciate the vote of confidence, however DayFox was way back in late 2014 and TradeAlerter mid 2015. Since then we made major changes in the way we vet traders and have, for the most part, been very profitable ever since.
It is certainly a difficult task to master but I think steady capture and goldstar are rock solid and psychologically sound. Probably the best traders out of all previous traders.
Sent from my SM-G935F using Tapatalk
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