2manyFCKNrappers
mentally i measure kilos
no, the forex is a trick. it's a market controlled by 2 computer codes.
Does anyone in here have plans to become wealthy?
- Thread starter 2manyFCKNrappers
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no, the forex is a trick. it's a market controlled by 2 computer codes.
LionofJudah
Banned
im trying to get into this. Well primarily forex. How do you like it, care to drop some insight?
It's a rollercoaster ride bruh LOL. It's hard to explain without you seeing and doing in person, but one of the biggest things you have to learn is knowing when to cut losses. You have to have a plan when you first enter a trade that includes getting a good entry price, and having a set exit price. Trading without a plan will destroy you every time. One of the biggest hurdles to entry into the stock market deals with capital and restrictions due to lack of capital, but there are prop firms that will give you leverage so you're able to get around this. The firm I'm with currently allows you to make a minimum deposit of $2500, and they will give you 10-1 leverage so you can trade with $25000 which is all you really need to be trading when you're first starting out. I can explain more..what questions do you have? Oh yeah, forex is hard to trade, I wouldn't fukk with it if I were you. Do stocks, or stock options.
Forex is tricky because there are literally thousands of variables at work. Every country's interest rates, inflation rates, trade partners, balance of payments, central bank actions, commodity prices, resource requirements etc. all come together and affect each other.
2manyFCKNrappers
mentally i measure kilos
Forex is tricky because there are literally thousands of variables at work. Every country's interest rates, inflation rates, trade partners, balance of payments, central bank actions, commodity prices, resource requirements etc. all come together and affect each other.
No. I'm telling you it's controlled by two computer codes because I know this. The markets are controlled by time code called "Code 1" and "Code 2."
My plan is to
1. Transfer to Canada's best target school and become an I-Banker as I graduate or at the very least an Accountant (before transitioning into IB).
2. I want to work in the M&A or Equity Capital Markets group at said I-Bank. Particularly in Tech-Media and Telecom.
3. At said target school, in the final year theres a big project that students have to do where they either consult real businesses facing a particular issue or start up something of their own. I have an idea for both and i hope to network within the school and find capable engineers/programmers I can work with to develop the ideas.
4. Using the contacts from deals of various clients I've worked with after graduating and being an I-Banker I hope to eventually contact them and then receive funding for the venture(s). At the very least...many banks have private equity companies or relationships with Private Equity firms that can provide funding.
5. Use the money and turn the venture into a multi million-billion dollar company. No lie either... the two ideas have that potential.
or 5B. If it fails...become MD at a bank
1. Transfer to Canada's best target school and become an I-Banker as I graduate or at the very least an Accountant (before transitioning into IB).
2. I want to work in the M&A or Equity Capital Markets group at said I-Bank. Particularly in Tech-Media and Telecom.
3. At said target school, in the final year theres a big project that students have to do where they either consult real businesses facing a particular issue or start up something of their own. I have an idea for both and i hope to network within the school and find capable engineers/programmers I can work with to develop the ideas.
4. Using the contacts from deals of various clients I've worked with after graduating and being an I-Banker I hope to eventually contact them and then receive funding for the venture(s). At the very least...many banks have private equity companies or relationships with Private Equity firms that can provide funding.
5. Use the money and turn the venture into a multi million-billion dollar company. No lie either... the two ideas have that potential.
or 5B. If it fails...become MD at a bank
2manyFCKNrappers
mentally i measure kilos
Black smoke and cac jokes
Your daps are mine
To keep it short, 2 yrs of IB at any bulk and then PE at, hopefully, KKR. The income will allow me to invest in all these cloud companies popping up here in the bay.
A classmate put $5000 before the pandora boost, quadrupled his money
That shyt opened my eyes to the easy access bay area people have to young brilliant entrepreneurs who need an angel investor to get started.
A classmate put $5000 before the pandora boost, quadrupled his money
That shyt opened my eyes to the easy access bay area people have to young brilliant entrepreneurs who need an angel investor to get started.
Im starting with a demo account with fxcm, and once i got a hang of the platform i started making pretty decent gains, 20 or so pips once im feeling it
but i know its a different ballgame once actual $$$ is on the line.
im starting to learn it from the ground up and how to use different charts/indicators. any material/sites to read up? Im starting w babypips.com
Also do u recommend trading at a prop firm? Leverage, everybody offers. and at a prop firm I heard they try to box you into [their] strategy when you trade and drop you once you post minimal losses.
do u trade fulltime, or on the side?
Let me knoW.
Young_and_Reckless
Is better than you...
I had plans on being wealthy, but none have panned out like I had hoped for.
When you're young, the world is your oyster.
As soon as you get a little older, and reality sets in, life is a bytch.
When you're young, the world is your oyster.
As soon as you get a little older, and reality sets in, life is a bytch.
Im starting with a demo account with fxcm, and once i got a hang of the platform i started making pretty decent gains, 20 or so pips once im feeling it
but i know its a different ballgame once actual $$$ is on the line.
im starting to learn it from the ground up and how to use different charts/indicators. any material/sites to read up? Im starting w babypips.com
Also do u recommend trading at a prop firm? Leverage, everybody offers. and at a prop firm I heard they try to box you into [their] strategy when you trade and drop you once you post minimal losses.
do u trade fulltime, or on the side?
@LionofJudah you dont like me no more breh
why you not responding, we in this million dollar race together brethren
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LionofJudah
Banned
@LionofJudah you dont like me no more breh
Nah, I meant to respond back, but sometime I get alot of notifications so I forget. My fault. Im starting with a demo account with fxcm, and once i got a hang of the platform i started making pretty decent gains, 20 or so pips once im feeling it
but i know its a different ballgame once actual $$$ is on the line.
im starting to learn it from the ground up and how to use different charts/indicators. any material/sites to read up? Im starting w babypips.com
Also do u recommend trading at a prop firm? Leverage, everybody offers. and at a prop firm I heard they try to box you into [their] strategy when you trade and drop you once you post minimal losses.
do u trade fulltime, or on the side?
When I messed with Forex VERY briefly, I realized it just wasn't my thing. I hate the spreads which makes it hard to make money IMO. If you are consistently getting a good number of pips each trade, it might be for you. With Forex though, there are so many factors that determine which way a currency is going so you really have to stay up on the world's economy to make real bread. Babypips.com is the best website I've seen around to get knowledge from about it. As far as prop firm trading with stocks, I'm all for it. Every prop firm operates under it's own set of rules for the most part, but I've never been with a prop firm that tried to control my trading strategy. You just have to adhere to closing your trade once your max loss for the day has been hit, and you really won't have any problems. The firm I'm with now requires a $2500 minimum funding amount. With this, you get 10-1 leverage so you can trade with $25K for the day (all you need starting off). If your equity drops to $2K, you only get 6-1 leverage. If you hit 1K, then you receive no leverage. A few years ago they enacted rules that every prop firm trader based in the U.S. had to get a series 56 license, if you don't have an active series 7. My firm is based out of the U.S., so I didn't need one. If you've got general questions, post em here. If you got questions regarding my firm specifically, PM me.
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