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Jack Francisco

How Can You Determine Yourself As a Perfect Trader?

By Jack Francisco, in Beginners Forum

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Jack Francisco    10

Jack Francisco
Posted

:helloooo:

Well many people are coming in this market and many are willing to come, but the main point how we can check our self that i`m or we`re perfect to trader, really trading will suitable for me, will i can do it perfectly,well all question about willing, how to determine that i`m doing good!!!

 

Any ideas to determine yourself as the best trader?

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David Fx    10

David Fx
Posted

I think that the best way is to join a forex game and compete with other trader in the world.

Prove yourself who is the best trader. or you can join a contest- some sort of tournament in forex I think this is a great place where we do not risk anything but we have chance to win trading money.

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wrbtrader    10

wrbtrader
Posted
:helloooo:

Well many people are coming in this market and many are willing to come, but the main point how we can check our self that i`m or we`re perfect to trader, really trading will suitable for me, will i can do it perfectly,well all question about willing, how to determine that i`m doing good!!!

 

Any ideas to determine yourself as the best trader?

 

Top traders don't worry about if they are the best traders and they do not worry about the profit levels of other traders. Also, top traders are not perfect traders.

 

With that said, as someone noted, you can join a trading competition but the results will not tell you if you're the top trader or perfect trader because every trader in the world do not enter the same trading competition...most top traders do not enter competitions.

 

Yet, some competitions (e.g. dukascopy) can get you a job interview at a big trading firm if you consistently perform well in the competitions.

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SIUYA    11

SIUYA
Posted

no such thing as the perfect trader.

I would prefer to be profitable and a trading comp does not tell you that.

If you need proof/validation of being the best trader you should either;

- join a firm - get paid and get your accolades there, or

- not trade - you have other issues.

 

Bit like going into a casino - best thing to show you are the perfect gambler is to place one bet, then if you loose/lose/looose you walk away all is forgtten/forgotton/forgton if you win you walk away and have a perfect record.

Two many variables, too many paramters, to many subjective BS issues. (too many ways to spell 2)

 

Pointless. :2c:

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Jack Francisco    10

Jack Francisco
Posted
I think that the best way is to join a forex game and compete with other trader in the world.

Prove yourself who is the best trader. or you can join a contest- some sort of tournament in forex I think this is a great place where we do not risk anything but we have chance to win trading money.

 

i think the best way according to your post to determine the perfect trader is - compete against other trader in a tournament or challenge 1 trader against another. I think the idea is good. Which best free demo contest would you advice us or you said join a forex game?

 

Which game are you recommending?:helloooo:

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TheDude    10

TheDude
Posted
i think the best way according to your post to determine the perfect trader is - compete against other trader in a tournament or challenge 1 trader against another. I think the idea is good. Which best free demo contest would you advice us or you said join a forex game?

 

Which game are you recommending?:helloooo:

 

I think the idea is retarded.

 

Does the best in any field waste their time playing silly games?

 

Trading is about 1 thing - making a lot of money. It's the only way to keep score. And it's the desire to make money rather than the love of the game that people screw up.

 

Did Tiger Woods take up golf because he loved golf, or because he wanted to be rich?

 

Do you think playing tennis on a playstation is the same as being in the final of a grand slam tournament? Give me a freakin break!

 

Maybe you and the other chap are really the same chap and youre about to suggest your own start up contest in order to sucker some fools in?....

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tradeforever    10

tradeforever
Posted

There isn't nothing called perfect trader.

 

I only know good trader, professional trader,... who is perfect traders? Trade and never get lost??? It's unbelievable.

 

But I would see myself as a good trader when I can make 15-30% profit/year, and professional trader when one financial company hired me for that title ;)

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Lavazza    10

Lavazza
Posted

In a day when I dare to call myself 'a perfect trader' I'll go out and shoot myself since there would be no point in further evolvement anymore :)

 

But the criteria of a succesfull trader for me is the ability to make 3-5% per month without too much drawdowns.

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Angelnish    10

Angelnish
Posted

:doh: Perfect traders here they will not talk about their strategies because in most cases it is so easy that is really hard to explain. But they will talk about their systems, their rules and their secrets. In fact there is no real secret in forex and there is no point in charging for those "secrets" because there are only three:

Cut your loses short

Let your profits run

Trade selectively

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David Fx    10

David Fx
Posted

I don't consider myself as a perfect trader but may be in near future. I am continue learning forex and working on my mistakes. I am taking tips from experienced traders- try to compete with them to get their strategies in some free trading games as well to improve my trading.

 

So if you consider yourself as perfect, you can have a challenge with me? I give you the options to create your own game- what you like forex , commodities and indices and your time period and your specific money to challenge me. Decide and Good luck:cool:

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Jack Francisco    10

Jack Francisco
Posted

From your post, I can said there is nice trading website called trade1on1 where you could challenge others traders in the world. It is very unique and exciting to compete with other traders. I think this is the best place where you could challenge others to know who is the best with a limited period of time.

 

In short you challenge a friend or someone else for a specific amount of money for a game of forex of commodities. Each player gets a virtual amount of $100,000 for trading. The player who gets the highest yield on the portfolio won the common pot of the games. It is like a sort of contest.

 

Never invest money into a real Forex account until you practice on a Forex Demo account!

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