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Taxi Driver Feb 20, 2019 12:04pm | Post# 1

What is forex?
 
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After being around for some time, Id say

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HeyYou Feb 20, 2019 12:30pm | Post# 2

LOL

edit: let's keep positive damn it.

HeyYou Feb 20, 2019 1:28pm | Post# 3

Trading, in general and I would say also gambling, simply amplifies all human weaknesses: greed, anger, impatience, recklesness and any sort of cognitive bias.

But once you win your inner demons it finally becomes.... easy and boring

So Enjoy the challenge.. that's the only good part.

OutThere Feb 20, 2019 1:40pm | Post# 4

Forex is a quicksand pit you are standing in with your portfolio of pairs sitting on your shoulders like a big fat elephant.

FXsniper111 Feb 20, 2019 1:52pm | Post# 5

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lolpie Feb 20, 2019 3:33pm | Post# 6

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Rapha Feb 20, 2019 6:46pm | Post# 7

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MarkFxAnde Feb 21, 2019 4:07am | Post# 8

Forex is a Stock market in the present world but people particularly take this trading place as a casino , they trade here at random with no analysis and become loser ultimately , but practically this is not the right way to survive here , you have to ensure all basic level of trading by learning and then you can earn profit from here , after all its a long term process, there is no short cut way.

NathanAstel Feb 22, 2019 11:16am | Post# 9

its a place where we come to earn money very rapidly, but after passing sometimes we cam realize there is no short cut way to ensure from from here . this market like an Ocean , there is no ending.

fx75 Feb 22, 2019 11:53am | Post# 10

it's a dream! it may come reality or become your worst nightmare!

Rapha Feb 22, 2019 12:15pm | Post# 11

Forex is abundance. Trillions of dollars are traded everyday. Trillions!
Its also freedom and self reliance.
Its a game. A skill.
Forex is tough, and a lot of hard work.
Challenging.
Also, very stimulating for the brain.
Its fun, you almost never get bored.

dkrock Feb 23, 2019 7:23am | Post# 12

I have a different perspective because I use to live overseas and trade physical dollars for yen and won regularly. After awhile, I realized I could make money from doing it. I didn't know about Forex back then, so finding out I could do it now, with electronic money, using software, kicked the doors wide open for me.

OutThere Feb 23, 2019 10:27am | Post# 13

I have a different perspective because I use to live overseas and trade physical dollars for yen and won regularly. After awhile, I realized I could make money from doing it. I didn't know about Forex back then, so finding out I could do it now, with electronic money, using software, kicked the doors wide open for me.
So what is your perceptive then? You are like someone that used to be a casual door to door salesman or weekend garage sale warrior and now you are doing the same thing using eBay? So to answer the topic question, you are saying Forex is 'the same old thing' but done in a more convenient way?

Pickles Feb 23, 2019 10:43am | Post# 14

After being around for some time, Id say {image}

tamden Feb 23, 2019 10:50am | Post# 15

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... daily struggle to enter the cave with the demons, but...
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OutThere Feb 23, 2019 11:10am | Post# 16

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Spending money on Forex is Ok but in moderation.
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dkrock Feb 24, 2019 3:53am | Post# 17

{quote} So what is your perceptive then? You are like someone that used to be a casual door to door salesman or weekend garage sale warrior and now you are doing the same thing using eBay? So to answer the topic question, you are saying Forex is 'the same old thing' but done in a more convenient way?
Yes, same old thing. Forex is the exchange of one currency for another. As I said, I used to do it physically at a neighborhood kiosk, but now I can do it electronically on a software platform. What is the point of your reply to me?

NathanAstel Feb 24, 2019 4:58am | Post# 18

Forex is a place to make money , but honestly speaking i have never seen at any guys who got more money by this market place , so many people become loser from here but still they are surviving in here , actually Forex is an addiction.

EXpRINCE Feb 24, 2019 5:09am | Post# 19

Hahaha super good question...

"Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader.
But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury."

So there you have it...most of you are fckd in here!(excuse my french).

"an unusually skilled currency trader"...I LOVE THIS PART!!!(We are indeed very rare)

#Even half of the hedge funds loose and close shop.Because most of you don't know what you are doing in here.Most of you,98%,gamble the markets.

There are 3 types of traders

1.The rare 0.3% who never loose trades.The worst that ever happens to me is to scratch out at 0.10 cents_NOT LOOSE!
2.The good gamblers(the risk 1% per trade,1:2 ratios e.t.c blah blah blahs),win 60 percent of their trades.
3. The rest,98% percent of people are bad gamblers.win once a week,loose constantly.

#This is not to bragg or anything,(i sincerely apologise if it appears so),this is the reality out there.This is the truth.
There are 3 types of traders out there.

#if your mentor tells you the markets are a gamble.You wont get any better.You headed for the gambling route yourself.

HeyYou Feb 24, 2019 12:43pm | Post# 20

{quote} Yes, same old thing. Forex is the exchange of one currency for another. As I said, I used to do it physically at a neighborhood kiosk, but now I can do it electronically on a software platform. What is the point of your reply to me?
not the same thing mate... our money is in a trading account, in other words VIRTUAL.


Hahaha super good question... "Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader.

about traders who work for banks/hedge funds.. it doesn't really matter how good they are.

one of my close relatives is a professional, who works for a fairly large com Bank. we talked for hours about how they operate and how I operate.

well, it's almost like listening to the avg retailer lol "the market is going to crash by the end of 2018" ; "pension ? forget it".

it's very common to hear about catastrophes and they are here to save our a*s!

I once asked "so?? how much money did you invest ?" ZERO!!! nothing, nada...... wonder why.


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