If you are like the casino gambler it is unlikely to win over the long run imo.
How good/reliable are Forex eBooks? 23 replies
Reliable forex broker in India with a good IB program? 3 replies
Reliable broker that offers forex, stocks, and commodies? 7 replies
Any Reliable Non US retail forex broker with stp 0 replies
Reliable Statistics about Forex 13 replies
DislikedI have heard many rumors about Forex that Forex is not reliable and Forex is a risky business and you can loss all your money. So I am very confused about Forex so plz help me and tell me Is Forex reliable or not?Ignored
DislikedActually when it comes to business, there's no guarentee and the only thing you can count on is your skill..guess it pays to have more fingers and toes than the other traders..Ignored
Disliked{quote} Bla bla bla... The FACT is that you don't make a Living, trading RETAIL FOREX, Hanover... Same as 99.6% of people... Official stats in the study made by a PhD using official broker data. Again... 99.6% of people lose money in FOREX. You don't know what to answer to this, right?... You can think a response all weekend if you want, let's see how you try to justify that... Instead, you make a living convincing people to trade RETAIL FOREX, to get them to HIRE YOU and program stuff for MT4... Stuff that will never make them a living. That's...Ignored
Disliked{quote} MapleLeaf, The bet that I have to make $3,000 EVERY month, I would never take since by simple randomness, almost any strategy with a long term positive edge is likely to have negative months, unless it has a very high frequency of trades or a very high and consistent edge. If the bet was to make $36,000 in a 12 month period, I would gladly accept it BUT depending on some clarifications: What is the starting equity am I allowed to have in my account? Can I choose which broker to use? Do I have to trade the the entire 12 month period or can...Ignored
DislikedThe only people who think that FX is unrealiable are those who have made a living out of the business....it ain't the easiest but a combination of skill, patience and the right psych works out perfectly. Unlike many, I know for a fact that forex is a reliable business!Ignored
Disliked{quote} Helo aimhigher i like your name.i have been trading for several years now old person.Accroding to me the this business is good if you have patience and know how to handle pressure when you take a loss.otherwise it will be very difficult for a person to survive in this.you can sit and take trades wheever you want on a holiday,bedroom,in the toilet these are the advantages of trading forex.but this comes with lots and lots of experience. you cant do trading in few years.it will take a long time. Keep your day job and keep trading forex in...Ignored
Disliked{quote} yinyang, Trading is (and has been for the last 12 years) my day job albeit not in forex. I merely dabble in forex (relatively speaking) and I do think that getting an edge in forex is harder than e.g. stocks/options but it doesn't mean it is not possible.Ignored
DislikedI think the real question is are you reliable. Will you chase every $97 indicator that comes to your in box almost daily. Will you tale the negativity that is all over the forums? Will you believe the statements that brokers hunt for stops or that the "big dogs" really exist. Forex is a speculative market. That means that the "big dogs" aren't trading daily. Has anyone noticed how the US market is almost dead everyday after London goes home. Did you ever wonder why? Because the US practically shut down retail forex trading with regulation. When...Ignored
Disliked{quote} MapleLeaf, The bet that I have to make $3,000 EVERY month, I would never take since by simple randomness,...Ignored
Dislikedforex is 5+ trillion $ business in a day so it may difficult to get profit from your $10k investmentIgnored
Disliked{quote} With this "clarification" your original statement makes even less sense. If you earn 1% per day, with 252 (approximately) trading days in a year, that would equal an annualized return of 1127%. Do that for three years (assuming no taxes) and your 10,000 would grow to over $18,000,000. This is an overly simplified scenario since it doesn't factor in the negative effect on compounding from having losing days but regardless, making a high % return should be easier with a small account e.g. $10,000 than it is with a large account. I still don't...Ignored