Personal Development for Smart People Forums - View Single Post - Forex is too risky, so why you still doing trading.

lycan · 12-16-2011, 02:18 AM

Full disclosure:

I do not currently trade and have lost two forex accounts with around 1k USD worth of cash each. Both accounts doubled before they crashed but they did crash. However, they didn't crash because I didn't know what I was doing. They crashed because I accepted that risk when I started trading them. I accepted that risk because I was in severe depression and suicidal and did not have the capital necessary to make any significant return (in USD terms) so I made a bet, knowing it was a bet, hoping to acquire the capital necessary to not have to make such a bet. If you don't need the money, you can do okay with 1k USD by trading a micro account. The equivalent for a regular account is 100k. This is the absolute minimum you need. If you are willing to leave it untouched you can even grow this 1k into a small fortune... eventualy. What you can't do is believe you can "work" your way into reliable extremelly high yields. If your goal is to beat the game, you would be better off as a professional poker player.

Then again, maybe I'm wrong about being able to outsmart the market. Maybe all you need is some NZT.

12-16-2011, 02:18 AM	#24 (permalink)
lycan Senior Member Join Date: Jul 2011 Posts: 626	Full disclosure: I do not currently trade and have lost two forex accounts with around 1k USD worth of cash each. Both accounts doubled before they crashed but they did crash. However, they didn't crash because I didn't know what I was doing. They crashed because I accepted that risk when I started trading them. I accepted that risk because I was in severe depression and suicidal and did not have the capital necessary to make any significant return (in USD terms) so I made a bet, knowing it was a bet, hoping to acquire the capital necessary to not have to make such a bet. If you don't need the money, you can do okay with 1k USD by trading a micro account. The equivalent for a regular account is 100k. This is the absolute minimum you need. If you are willing to leave it untouched you can even grow this 1k into a small fortune... eventualy. What you can't do is believe you can "work" your way into reliable extremelly high yields. If your goal is to beat the game, you would be better off as a professional poker player. Then again, maybe I'm wrong about being able to outsmart the market. Maybe all you need is some NZT. Last edited by lycan; 12-16-2011 at 02:27 AM.