Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

forex and all eas are a scam, stay away from forex 47 replies

Suicide, fraud, arrests, Chinese investors and Forex: sad 4 replies

US broker PFGBest freezes funds after founder's suicide attempt 228 replies

Differences between SPOT FOREX and Commission FOREX? 2 replies

Get millions or commit suicide! 32 replies

Attachments: Suicide and forex
Exit Attachments

Suicide and forex

  • Post #81
  • Quote
  • Edited 1:00pm Jan 17, 2018 7:09am | Edited 1:00pm
Quoting jmn5611
{quote} Clearly you are being provocative to initiate a philosophical discussion about risk. Forex is no different than any other job. There is inherent risk. People can and do get hurt if the breadwinner picks the wrong company and it goes bust. Happens here in the states every day. So you are singling out forex for what reason? Why not single out line worker for the electric utility company? That is an infinitely more dangerous job.
Mingary has documented his own forex success in his own thread here on Forex Factory. His margin call (failed)thread.

Mingary has made taking the negative aspects of trading and applying these aspects to every trader on the planet into a repetitive art form. He either truly believes it's impossible for even a single trader on the planet to win long term, or as you say, he just likes being provocative. His sweeping generalisations and applying them as "certainties for all" should tell you he cān't be taken seriously. He either has no clue about statistical distributions or the requirements to prove an assertion, or again, he just likes being provocative. He admits a negative can't be proven, yet continues to assert impossible forex profits is a fact .
When these black and white details are laid out in front of him like an open misere, he reverts to his philosophical tones.
Come with me if you want to live....
Quoting Ill-b-back
{quote} Mingary has documented his own forex success in his own thread here on Forex Factory. His margin call (failed)thread. Mingary has made taking the negative aspects of trading and applying these aspects to every trader on the planet into a repetitive art form. He either truly believes it's impossible for even a single trader on the planet to win long term, or as you say, he just likes being provocative. His sweeping generalisations and applying them as "certainties for all" should tell you he cān't be taken seriously. He either has no clue...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 38 KB


i heard Mingary has previously lost 200K trading so maybe his just bitter about the industry

he has still not said what has happen to the trade explorer
- not time nor desire to read the thread but suicide is a serious argument
- if you are thinking about suicide you may want to look for help,
look for a psycologist or someone that can help you with advices and humanity
- trading is only a little part of life and nor the best, trading is not the problem it is only a symptom,
- STOP TRADING and take care of you, think about all your life, what is it for you
- read alot about life, self help and philosophy, think and act

good luck
Quoting Mingary
{quote} Not many, very few, if even that. It makes no logical sense to say that "many are winning month after month." If new traders come into the game: 1) they lose and quit 2) they lose at first and then become winners or they win and keep on winning 3) they keep on losing and don't quit if 1) then there are no winners in this game long term if 2) then the game contains high percentage winners long term if 3) then the game is made up of high percentage losers long term Since 2) is clearly not an actual fact, it's evident that retail forex is a...
HI
I have known you for years and your consistent negative opinions about forex trading is obviously linked for your failure as a trader. You can do 2 things.Learn valuable expensive lessons from your mistakes and continue trading and try to get good at it or do what you are doing now trying to find other losers so you don't feel bad of giving up.
Its obvious you chose the latter and kind of feeling sad for you because you might of been very close to success...but you would not know that now.
Just remember anything worth achieving in life requires great effort! That's everything.

cheers
I like the image below.Its staying on success road even when challenges arise.It takes courage to stay on.
Attached Image
In trading, you have to be defensive and aggressive at the same time
Quoting MoneyZilla
{quote}I did not mean any numbers/profits... just posts being quickly deleted shortly after. Sorry about not making it clear.
Oh no need to apologize, no offence taken dear Sir. But before I get attacked by Anti-Forex warriors, I wanted to reply quickly

Quoting MoneyZilla
I was referring to you make a post and then very quickly deleting it.
In Gold thread I wanted to give some little quick hints to someone
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Quoting Davit
Just remember anything worth achieving in life requires great effort!
In trading there is no positive correlation at all between effort and success. In fact, in most cases of retail traders, there is a negative correlation... the more effort and time they put in, the lesser wealth they have.
Quoting Mingary
{quote} Thank you. "This is way I hate this industry and continue to fight against it" How can I help ?
I suggest one good policy for regulators; that if they enforce it to retail traders; the industry will thrive; educators will go broke, and so brokers and liquidity providers.

The rule is: "Backtesting. As a retail FX trader; you have to proove that you have backtested your strategy before you are allowed to trade"

this simple rule; will save heaps of $$$ to the retail joe;
yes is true. i have suicide a couple of times already.
Quoting HudithePfupf
michisuperfr dropped in by claiming he made a few hundereds short of 500 000 last year.... Well the snake oilers have to keep the dream alive. He's reply vanished so quickly I couldn't even quote it. Smart move....why? If you have the following quote under your reply: "Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore ", it's kind of funny to give such an answer to this thread.... because your idol Jesse commited - guess what - suicide.... His last words to his wife: (Wikipedia quote) On November 28, 1940, Livermore fatally shot...
In my opinion, most people incorrectly assume Jesse lost his fortunes due to his trading. When I look at it, I think it was the tax increases that caused his bankruptcy in '34, not his trading but the taxman taking rates up to 63% and increasing to 94%. No one can survive that, no matter how good you are.

Looking into his life, it is obvious he suffered from depression and I don't think trading was the cause of his depression. And I don't think his life is relevant in the "Suicide and Forex" because Forex is a new market not around in 1940. I do not recall seeing many Forex brokers until after the 2000 market meltdown.
Ecclesiastes 1:9
Someone on the last page talked about low leverage and large account balance being keys to success. I agree with this. I'll be going live with a decent balance ($30,000), in a couple of weeks. I've been trading a demo account for 1+ years, now. I think keeping leverage per trade down to 1:1 - 3:1 is necessary. I would add, never use more than half of your leverage at any time, for all open positions. If something moves heavily against you, you will be able to absorb the hit much easier and without a margin call.

So, in my mind, this requires a substantial amount of capital, especially to make a living at. I've read silly articles online about making a consistent $250 per day on a $10,000 account. Rubbish. You *might* make that much on a $50,000 account, if your money management is in check and you don't get greedy - all mistakes I've made in my demo account, as you can see. I've been at $0 for a while. Got greedy. Beginners, like myself, usually don't think in terms of percentages. All lessons learned...
This thread is kind of dangerous....
A copycat suicide is defined as an emulation of another suicide that the person attempting suicide knows about either from local knowledge or due to accounts or depictions of the original suicide on television and in other media.
A spike of emulation suicides after a widely publicized suicide is known as the Werther effect, following Goethe's novel The Sorrows of Young Werther.[1]
The publicized suicide serves as a trigger, in the absence of protective factors, for the next suicide by a susceptible or suggestible person. This is referred to as suicide contagion.[2] They occasionally spread through a school system, through a community, or in terms of a celebrity suicide wave, nationally. This is called a suicide cluster.[2] Suicide clusters are caused by the social learning of suicide-related behaviors, or "copycat suicides". Point clusters are clusters of suicides in both time and space, and have been linked to direct social learning from nearby individuals.[3] Mass clusters are clusters of suicides in time but not space, and have been linked to the broadcasting of information concerning celebrity suicides via the mass media.[4]
To prevent this type of suicide, it is customary in some countries for the media to discourage suicide reports except in special cases.
The truth is hidden from you
Quoting alexanderd
yes is true. i have suicide a couple of times already.
What were the reasons?
Quoting Rob Mondave
{quote} What were the reasons?
manly to test my limits or to put it in star trek terms: to boldly go where no man has gone before... and return... with profit!

here is a pic - some next level of suicide here. some serious business - you`ve seen it here first.
Attached Image (click to enlarge)
Click to Enlarge Name: suicide.png Size: 2 KB
Quoting alphadude
{quote} I suggest one good policy for regulators; that if they enforce it to retail traders; the industry will thrive; educators will go broke, and so brokers and liquidity providers. The rule is: "Backtesting. As a retail FX trader; you have to proove that you have backtested your strategy before you are allowed to trade" this simple rule; will save heaps of $$$ to the retail joe;
....oh shit! That means I need a strategy
Carbon-Dioxide: the gas of life!
Quoting Ross88
{quote} {image} {image} i heard Mingary has previously lost 200K trading so maybe his just bitter about the industry he has still not said what has happen to the trade explorer
It Seems in his "In the pursuit of the margin call" thread, that he can trade (using volumes I think).
The original post he made on this thread is a cut and paste job of a question from another site, not his own query at all.
It wouldn't surprise me if he had a library of saved plagiarised quotes on his computer to draw from for his responses, which would explain the generalised nature of most of them...
Come with me if you want to live....
  • Post #96
  • Quote
  • Edited Jan 18, 2018 12:59am Jan 17, 2018 11:42pm | Edited Jan 18, 2018 12:59am
Quoting Davit
{quote} HI I have known you for years and your consistent negative opinions about forex trading is obviously linked for your failure as a trader. You can do 2 things.Learn valuable expensive lessons from your mistakes and continue trading and try to get good at it or do what you are doing now trying to find other losers so you don't feel bad of giving up. Its obvious you chose the latter and kind of feeling sad for you because you might of been very close to success...but you would not know that now. Just remember anything worth achieving in life...
Please let's not talk about the elephant in the room ...

https://www.forexfactory.com/showthr...9#post10679379

"Just remember anything worth achieving in life requires great effort! That's everything."

Attached Image
The true face of retail forex traders.
The only "successful" trader (Charlie) is there to promote his training program ...
Can't find it on you tube anymore... I wonder why.

https://www.dailymotion.com/video/x4msgwh
Quoting alphadude
{quote} I suggest one good policy for regulators; that if they enforce it to retail traders; the industry will thrive; educators will go broke, and so brokers and liquidity providers. The rule is: "Backtesting. As a retail FX trader; you have to proove that you have backtested your strategy before you are allowed to trade" this simple rule; will save heaps of $$$ to the retail joe;
True. Anything that would make it more difficult to open an account would be a serious problem for the industry.
It's already happening in the US
Therefore "Forex Binary Options" became the new scam ... now on it's way out as well. it's being replaced by "cryptos"
Quoting Mingary
{quote} I truly do not have a response for this... Perhaps an analogy might help So you have terminal cancer ? Well, all you have to do is get better, ok? 99.9999 % lose in forex and the winners of today become the losers of tomorrow In this population you will have extreme cases on both ends.

The Cancer analogy works well.

The toxic cocktail given to cure you, ends up killing you but the guy in the white coat says trust me and the beneficiary of this transaction is pharma.

The forex industry cares too, they provide lots of useless flashing indicators and spew the same crap educational material ad nauseum and who is the beneficiary of their kind advice and wonder tools.... clue... it's not the target audience.
Quoting jmn5611
{quote} Good risk is and bad risk is incumbent upon the individual. That is not something you get to decide and certainly does not justify governmental intervention in a relatively free marketplace.
The discussion is not about whether or not retail forex trading should be under heavy governemental intervention.
This is about the fact that Retail Forex is essentially a product that is marketed to the general publi and that will kill an individual when taken in high doses.

All that needs to be done for it to be lethal, is to believe the lies.
0 traders viewing now