Lets Talk Salary! v3
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 Apr 16 2010, 06:37 PM
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#1
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Junior Member
12 posts Joined: Apr 2010 
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Job Title : Trader
Job Desciption : Trader Years spent in field : 7 years Company : Self owned Industry : Finance Employment Level : Self employed Salary : USD41,000 to USD 85,000 (RM127,000 to RM263,000) per MONTH Education level : Degree Benefits : Work from anywhere Working hrs: Depends, sometimes no need to work..LOL This post has been edited by jonathan_wong: Apr 16 2010, 06:40 PM |
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Apr 19 2010, 07:29 PM
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#2
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Junior Member
12 posts Joined: Apr 2010
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QUOTE(newbie99 @ Apr 19 2010, 05:23 PM) You mean the wind screen cleaner at the traffic light junction? I remember seeing them during student days weaving around stopped cars at the junction. Usually they didnt ask for cash, only tips. Pretty dangerous job they were doing. No wonder there were so many of them since they were top 1% earner in Australia! Ur monthly salary isn't too shabby..here's mine.. Job Title : Trader Job Desciption : Trader Years spent in field : 7 years Company : Self owned Industry : Finance Employment Level : Self employed Salary : USD41,000 to USD 85,000 (RM127,000 to RM263,000) per MONTH Education level : Degree Benefits : Work from anywhere Working hrs: Depends, sometimes no need to work..LOL |
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Apr 19 2010, 11:21 PM
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#3
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Junior Member
12 posts Joined: Apr 2010
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QUOTE(Panda @ Apr 19 2010, 07:38 PM) Wow... a millionaire spotted... Thanks for the support, unlike some insecure members here who flame me just because they aren't earning as much as I am. If I can do it, so can you! If ur interested to earn that much, hop over to http://www.babypips.com and get started on ur trading career. It's a very rewarding career I tell you. A word of warning though, you must be very commited and hardworking because it's not easy to become a successful trader. But it will pay off in ur lifetime.The richest man on lowyat.net perhaps  hope you spend your money wisely...  |
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Apr 21 2010, 02:38 AM
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#4
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Junior Member
12 posts Joined: Apr 2010
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QUOTE(newbie99 @ Apr 20 2010, 03:54 PM) Hi. It's possible he is earning RM210k a month, not not using a demo account, it all depends on his capital. He may have USD 10million in capital, with 10% return, it works out to be around average RM300k a month. If only that were possible..ideally compounding interest would work that way but I doubt if I'll put in more than USD 200K as capital (thus allowing me to increase the position size) because after a certain point, it would be very hard to liquidate ones position, which is not good when ur near to important economic news releases by central banks or Ben Bernanke's press conference. I make between 20% to 30% returns per month, and no, it's not a demo account but a real one. Cheers!BUT he claimed to have only USD 1.4m (in another thread) and making USD45,000 to USD85,000 (average USD63,000) a month, which is 4.5% of his capital. That will give him USD 110 billion after 20 years of forex trading (using compound interest calculator, with 4.5% return on capital monthly over 20 years, which translate to 70% compounded return yearly), making him the richest man in the world. My income is nothing to shout about in the world of trading. It's not uncommon to find successful traders earning beyond USD100,000 permonth. One trader I know makes money to the tune of USD5000 per minute scalping the EURUSD which is a favorite pair for scalpers owing to it's low spread. But thats nothing when compared to George Soros who made over USD1 billion in one day shorting the pound sterling. It's one the greatest trades in the field of trading. Added on April 21, 2010, 2:51 am QUOTE(cindycute @ Apr 20 2010, 08:39 PM) waaa. what kind of wfh business? What kind of business arr...hmm...it's a business of buying and selling money with money to make money.. Added on April 21, 2010, 3:11 am QUOTE(starfen @ Apr 19 2010, 11:43 PM) Forex looks like even riskier than stock. I think commitment and hardworking wouldn't be enough. Still, with the same degree of effort, someone wins but most of the people lose(especially in investing and speculating).Right? Any investment is risky if you do not do ur due diligence and get urself a proper education. Many have lost their life savings (whether it's in stocks or forex) because they were greedy and ignorant. If you invest in stocks, you have to face the risk of financial scandals (think Transmille and Maika Holdings). Looked what happened to Transmille after it's accounting fraud was exposed. This doesn't happen in forex of course so that's one less risk to a trader. But at least in stocks you can use Buffet's method to calculate the intrinsic value. This post has been edited by jonathan_wong: Apr 21 2010, 03:11 AM |
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