On average, about 30% of trades (opened positions) are winning and 70% are losing... It is not even a casino...

Maadik Hugiis. IQ 69.
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Disliked{quote} This is an incredible statement. May I have your permission to use it as my signature (if it fits)?Ignored
Disliked{quote} Forex trading is like sports. It is very very competitive. You need talent to reach the top. Anyone, millions of people have a trading account to BUY and SELL. Anyone, millions of people can kick a round ball but very very few can be Cristiano Ronaldo or Lionel Messi. They were poor growing up. What separated tem from the rest? Talent. So are you going to commit suicide because you have no talent??? 99.9% of the people in the world don't have god given talent. But there are a few that possess it. https://www.youtube.com/watch?v=lOA5aTwJM3k...Ignored
Disliked{quote} This thread is not about whether or not it is possible to succeed at retail forex trading to some degree. No doubt like any game of chance a rare few will be huge winners and can remain so for quite some time (eventhough, there is no evidence that such a creature exists) This is about the fact that retail forex trading (and also other insanely speculative instruments) destroy lives like some addictive drug. The " forex-as-a-drug pushers" must be stopped. Using the sports analogy ... To brainwash a sunday tennis player out of his / her money...Ignored
Disliked{quote} I can say to you only this. Brokers do not want you to lose. It is suicidal on their part. If everyone loses, who is left to trade and collect commissions? Brokers want you to win. If you are winning, then you will pay larger commissions as your size grows. Everyone loses at first, mainly because they think they are smarter than price. When you humble yourself and just do what you are told, you will be just fine in FX, or any other market. I don't understand why you would say FX is the crack of the financial instruments. It makes no sense....Ignored
Disliked{quote} All 3 are true. 1 happens most of the time and it is designed that way on purpose... 2 happens rarely but that's why we don't really care for silly arguments... 3 happens often and that's why the business survives... Everyone gets what they want. It's not my job to tell others what they want. If someone decides they are going to become a trader then it's only a matter of time. I made that decision when I was a child before I even knew what it was called. If I didn't know that it was possible to do and that I was going to do it, despite having...Ignored
Disliked{quote} Brokers don't want you to lose ? They don't give a crap if you lose or not. They want to make money off of you, win or lose. If you think they don't have "strategic" meetings every day on how to best extract more money from your account you are very naive.Ignored
source:
https://www.financemagnates.com/fore...-shop-mindset/
Disliked{quote} And THIS is the problem I have. I want to make a nice deposit and give it another try, but I'm very careful to do so. “……they just want everyone to lose money and the winners to leave…” says industry insider. Trades against their clients best interests (e.g. asymmetric slippage, confusing dealing prices, unreasonable last look times, ignores/re-quotes/cancels deals without a specific reason), Hardly matches or intends to send/offset the majority of their unmatched volume to a real market (wholesaler / ECN / exchange / etc.), Profits directly...Ignored
Disliked{quote} ....you missed out the part about how your trading-orders seem to suffer extraordinarily long delays in execution the minute you make a withdrawal.Ignored
Disliked{quote} This thread is not about whether or not it is possible to succeed at retail forex trading to some degree.Ignored
QuoteDislikedNo doubt like any game of chance a rare few will be huge winners and can remain so for quite some time (even though, there is no evidence that such a creature exists) This is about the fact that retail forex trading (and also other insanely speculative instruments) destroy lives like some addictive drug. The " forex-as-a-drug pushers" must be stopped. Using the sports analogy ... To brainwash a sunday tennis player out of his / her money with the belief that one day he / she can be like Roger Federer is criminal.
Disliked{quote} I agree with you. But as long as the myth you can make a living trading retail forex exists or getting so rich like the wolf of wall street. The services and products will continue. People know you can't make a living playing roulette but retail forex is different,people believe in it. I think I have proved it with the studies I have shown. Exposed one of the most important traders here.Yet not one member has said anything,like that is interesting. Even the legends on this board were scammers like jacko and that James. James makes 80 thousand...Ignored
Disliked{quote} Brokers don't want you to lose ? They don't give a crap if you lose or not. They want to make money off of you, win or lose. If you think they don't have "strategic" meetings every day on how to best extract more money from your account you are very naive.Ignored
Disliked{quote} And THIS is the problem I have. I want to make a nice deposit and give it another try, but I'm very careful to do so. “……they just want everyone to lose money and the winners to leave…” says industry insider. Trades against their clients best interests (e.g. asymmetric slippage, confusing dealing prices, unreasonable last look times, ignores/re-quotes/cancels deals without a specific reason), Hardly matches or intends to send/offset the majority of their unmatched volume to a real market (wholesaler / ECN / exchange / etc.), Profits directly...Ignored
Disliked{quote} I agree with you. But as long as the myth you can make a living trading retail forex exists or getting so rich like the wolf of wall street. The services and products will continue. People know you can't make a living playing roulette but retail forex is different,people believe in it. I think I have proved it with the studies I have shown. Exposed one of the most important traders here.Yet not one member has said anything,like that is interesting. Even the legends on this board were scammers like jacko and that James. James makes 80 thousand...Ignored
DislikedNow I know your testosterone will make you puff up and defend your manhood and all of that, but just call me an asshole and then go read the document. I promise you that you will not be sorry if you can check your ego at the door.Ignored
Disliked{quote} To be honest, I have never had any problem either except with my very first broker (slippage, requotes etc.) and my second one (slow withdrawals). lol at the second part...Ignored
Disliked{quote} To be honest, I have never had any problem either except with my very first broker (slippage, requotes etc.) and my second one (slow withdrawals). however it's a jungleIgnored
Disliked{quote} Well most times when talking to younger men, they like to be right instead of making money. That is why they cannot cut losses or at the very least hedge them after a certain price level. Sorry if I belittled you in any way.Ignored
Disliked{quote} To be honest, I have never had any problem either except with my very first broker (slippage, requotes etc.) and my second one (slow withdrawals). however it's a jungleIgnored
Disliked{quote} I think vegas is better than retail forex at day trading. Let's take a average of 2 pips spread across the board. You have a 15 stop and 15 reward. You have to make 17 pips to win the trade. And 13 pips to lose the trade. Or look at the odds you get offered from binary options,the house edge is like 25 percent !!!! With price action with day trading being random. You get trends in roulette 20 plus reds in a row is common daily,still it's a random beast. Just like forex trends. The house (broker) has worst odds than table casino games.Ignored