How much do professional forex traders make scott phillips quora

How much do professional forex traders make scott phillips quora

How much do professional forex traders make? - Quora. Last Updated on March 26, You can have a 1 to 2 risk to reward on your trades. W means the size of your average wins L means the size of your average loss P means winning rate. You have made 10 trades. This 15/06/ · By averaging 6%, you would more than double your account every year. Starting with $5,, and averaging only 3% per month, your account would grow to over $, in 10 years. Warren Buffet became a billionaire trader averaging only 30% per YEAR! I’m not saying it’s impossible to make 25% or more in a blogger.comted Reading Time: 8 mins 01/12/ · Months ago I have purchased Scott Phillips' price action course. It was really hard to follow. I couldn't watch whole thing. After months he released something called holy grail, promising 70% even 75% win rate more than 1 risk-to-reward. I have purchased his so called holy grail strategy. My first 3 trades were losing trade

Here's what happened after i buy course from Scott Phillips | Page 8 | Elite Trader

Discussion in ' Educational Resources ' started by AtesDec 1, Log in or Sign up. Elite Trader. Here's what happened after i buy course from Scott Phillips Discussion in ' Educational Resources ' started by AtesDec 1, When I first saw Scott online I thought "this guy is Russian Mafia", but after hearing his Aussie voice and his down to earth way of putting things, I relaxed and started following his newsletter.

Scott is a system trader which is very different from my discretionary style of trading. I think Scott has been down the trading rabbit hole with many mentors Van Harp etc which are very expensive courses and now would like to teach and find his place in the market, and why not?

Scott does know his shit, and he is well versed in trading systems and in some areas more experience than me, how much do professional forex traders make scott phillips quora. I have recently purchased his price action course as it more my style of trading for half price Black FridayI can't comment on it as I haven't had the time to complete it yet.

I will repost a review when done. Taking 3 trades and stop is the wrong approach. I think that's why Scott lost his banana. Is the system good? no idea, thats why you have to backtest hundreds of trades. I do recall Scott saying that it takes a lot of work to master this system. Imagine losing one trade after another and still believe in the system? I don't know Scott personally but would like to see you two to come to some satisfactory solution. In Peace Razorswingtrader Sydney Australia.

I predict Scott Phillips will become a sponsor on ET in the near future. Baron is already on the phone. Last edited: Dec 3, vanzandt and trendfellow like this. beginner66 and trendfellow like this. vanzandt likes this. How many Scott Dotard Phillips sock puppets are on this thread? How much do professional forex traders make scott phillips quoraFriskyCatNQurious and 3 others like this.

I have taken the price action masterclass and the system trading class. I also have access to the Holy Grail system rules site and have spoken to Scott over the internet. I came across Scott from his Quora posts and what you get in real life is a brutally honest character who will call you out, correct you, disagree, argue or sometimes agree. But one thing is for sure if you ask him a trading question he will give you an opinion, work around or action to get past your block. His videos share a lot of insight, aren't glossy, but get the point across.

Scott is always how much do professional forex traders make scott phillips quora to point out that a good backtest over a large enough number of trades is needed to validate a system. Knowing and internalising the rules is not enough. The key is in execution, being aware of time, candles, entering on the keyboard and building up to being in the moment over a long enough time. Add on top of that accurate and full record-keeping in real-time, that will then allow you to compare performance against your backtest.

If someone hasn't spent the time upfront in practice on execution and testing they are not going to execute anything well and will not have any way to honestly rate their own performance. Runs of losers happen. If you have a backtest, or even a forward test on going, only then do you have a way to verify your output. If something doesn't match then is it really in the system or the operator.

It could be both, or just one. If the original poster had a long backtest and some good records of trades all this would be put to rest. But the original poster has more of an issue with Scott and not his trading or systems. The issue between Ates and Scott got personal quickly and is still burning on. As for the Holy Grail system - yes, I'm giving it a shot, but it will be a while before I execute it live. And I will be using my own backtests and records to measure it.

It's down to me. vanzandt and destriero like this. GregorySG9trendfellow and Elemental like this, how much do professional forex traders make scott phillips quora. You must log in or sign up to reply here. Your name or email address: Do you already have an account?

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Forex Trading Make Money Trading FX the Psychology of Pro FX Traders Documentary

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Here's what happened after i buy course from Scott Phillips | Page 3 | Elite Trader

18/03/ · One of the primary differences between amateur and professional Forex traders is that amateurs tend to jump into the game too early, before they really know what they are looking for or before they have truly learned to master one Forex trading strategy at a time. Whereas a professional trader never feels like he or she is guessing, they come to the market every day with a definable Forex Estimated Reading Time: 7 mins 15/06/ · By averaging 6%, you would more than double your account every year. Starting with $5,, and averaging only 3% per month, your account would grow to over $, in 10 years. Warren Buffet became a billionaire trader averaging only 30% per YEAR! I’m not saying it’s impossible to make 25% or more in a blogger.comted Reading Time: 8 mins 08/09/ · To be fair he has made some insightful comments on Quora related to trading. But I do remember his theme early on was: 1. Bitcoin is a bubble and he wouldnt touch it. 2. Anyone selling a course is a scam artist and failed trader 3. Anyone posting on trading forums is not profitable. I see he sells a course now and trades bitcoin