Is there anything else than FOREX ??? That you can make good money. | Forex Factory

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Is there anything else than FOREX ??? That you can make good money.

  • #1
  • First Post: Oct 2, 2006 11:35am Oct 2, 2006 11:35am
Hi Guys,

I have been playing with FOREX demo accounts for the last 6 weeks, I started to make money, well a lot of money, but my current demo broker has started playing games with me. It upsets me to see this.

Is there anything else out there that requires technical analysis and uses leverage like forex but has no tricks hidden like most of the FOREX brokers to these days.

Can someone suggest something....

Any suggestions will be much appreciated

Thank you,

Simon
  • #2
  • Oct 2, 2006 11:42am Oct 2, 2006 11:42am
Hello Simon,

What sort of games are you experiencing with your demo broker?

Best Regards,
Ah.
  • #3
  • Oct 2, 2006 12:40pm Oct 2, 2006 12:40pm
After several years of internet trading and many billions worth of real money trades, I can honestly say that this has not been my experience. The brokers that myself and my colleagues have dealt with have in my opinion been generally fair and honest. Sure, just before and after figures the mkt will become very skiddy and slippage will most likely occur, but that's the mkts not the brokers. As traders we just have to accept this and move on. The only times when I have had problems is when I have been trying ideas that have been questionable. For example trying to arbitrage between the euro and the swissy. Sure if you collect the data, it is easy to develop a system that on paper makes heaps, but in reality it was my experience that the slip will kill it. This wasn't the brokers fault, it was the data that wasn't up with the mkt. Are you sure that you are not trying something that is similarly questionable ?
  • #4
  • Oct 2, 2006 12:45pm Oct 2, 2006 12:45pm
LOL!

oh gosh, still on the demo and already complaining about the broker

one thing i know FOR SURE, im glad im not a forex broker!
Relax and be happy.
  • #5
  • Oct 2, 2006 12:52pm Oct 2, 2006 12:52pm
Quoting simon_221175
Is there anything else out there that requires technical analysis and uses leverage like forex but has no tricks hidden like most of the FOREX brokers to these days.
AFAIK nothing has leverage like Spot Forex but the greatest thing about Forex doesn't seem to be mentioned often... you can't really lose any more money than you put in! This is one of the things that makes FX trading so great.... the ability to use high leverage without "now I'm broke, but I still owe money" risk.
  • #6
  • Oct 2, 2006 12:52pm Oct 2, 2006 12:52pm
Why give up on forex, just find another broker. My broker is okay.
  • #7
  • Oct 2, 2006 2:23pm Oct 2, 2006 2:23pm
got ripped off on your demo account, eh?

i about fell out of my chair on that one.
  • #8
  • Oct 2, 2006 2:41pm Oct 2, 2006 2:41pm
Check out the futures market. They allow you to trade currencies as well.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #9
  • Oct 2, 2006 2:42pm Oct 2, 2006 2:42pm
Hey, It is getting harder and harder to become a demo millionaire with all the chicanery going on... Now that is a bored broker



Quoting squat1962
got ripped off on your demo account, eh?

i about fell out of my chair on that one.
  • #10
  • Oct 2, 2006 2:54pm Oct 2, 2006 2:54pm
Quoting smjones
... Now that is a bored broker
No doubt...
  • #11
  • Oct 2, 2006 2:58pm Oct 2, 2006 2:58pm
Maybe it was a Newbie Broker_ and he was just Demoing his Chicanery:
  • #12
  • Oct 2, 2006 3:10pm Oct 2, 2006 3:10pm
Quoting Bemac
Maybe it was a Newbie Broker_ and he was just Demoing his Chicanery:
LOOOL, very funny, in fact, you're right, brokers can be newbies as well
LOOOOOOOL that was hilarious
Trading is a long and a short story.
  • #13
  • Oct 2, 2006 3:14pm Oct 2, 2006 3:14pm
Quoting squat1962
got ripped off on your demo account, eh?

i about fell out of my chair on that one.
hahaah that was a good one.. demoing and complaining
BECAUSE I CAN !
  • #14
  • Oct 2, 2006 3:15pm Oct 2, 2006 3:15pm
This has got to be one of those threads where the poster just loves getting all the market vets all riled up and laughing...

My week was already starting off well, this just makes it even better...
Mr. Trend
  • #15
  • Oct 2, 2006 4:09pm Oct 2, 2006 4:09pm
I have a few mates that like to trade the DAX and Russel when FX is slow you might want to check that out.


turbo
  • #16
  • Oct 2, 2006 5:30pm Oct 2, 2006 5:30pm
Quoting Achilles heel
Hello Simon,

What sort of games are you experiencing with your demo broker?

Best Regards,
Ah.
The games that I am experiencing with my broker. Are that the news ticket function does work anymore, this happens on two of my laptops, delayed SMS when they used to work spot on.

And also you get your late orders. My concern is when I open my live account they are in control, I am not worried about losing money.

Regards

Simon
  • #17
  • Oct 2, 2006 5:39pm Oct 2, 2006 5:39pm
Quoting richp
After several years of internet trading and many billions worth of real money trades, I can honestly say that this has not been my experience. The brokers that myself and my colleagues have dealt with have in my opinion been generally fair and honest. Sure, just before and after figures the mkt will become very skiddy and slippage will most likely occur, but that's the mkts not the brokers. As traders we just have to accept this and move on. The only times when I have had problems is when I have been trying ideas that have been questionable. For example trying to arbitrage between the euro and the swissy. Sure if you collect the data, it is easy to develop a system that on paper makes heaps, but in reality it was my experience that the slip will kill it. This wasn't the brokers fault, it was the data that wasn't up with the mkt. Are you sure that you are not trying something that is similarly questionable ?
richp if you have been sucessfull at making real money in the FOREX and using the real live server of the broker to execute your trades then all is good. Maybe I should look for a another broker.

All I want, is to make this my full time job as it is not worth making anything else.

Regards

Simon
  • #18
  • Oct 2, 2006 5:47pm Oct 2, 2006 5:47pm
Quoting merlin
LOL!

oh gosh, still on the demo and already complaining about the broker

one thing i know FOR SURE, im glad im not a forex broker!
Merlin,

I am not complaining about the Broker or their demo account, I am a very fair person, I made money on the Demo account. They just did not like how much I made, probably that is why they are switching news and delaying SMS reponses.

So all I was asking for was there anything else out there, where the Brokers that you deal with do not have hidden rules for those that make money.

Regards

Simon
  • #19
  • Oct 2, 2006 5:50pm Oct 2, 2006 5:50pm
Quoting simon_221175
Merlin,

I am not complaining about the Broker or their demo account, I am a very fair person, I made money on the Demo account. They just did not like how much I made, probably that is why they are switching news and delaying SMS reponses.

So all I was asking for was there anything else out there, where the Brokers that you deal with do not have hidden rules for those that make money.

Regards

Simon
brokers cant really do much to control news the way u are suggesting.. but maybe u have been experiencing some crappy service by chance lately.. oh well..
BECAUSE I CAN !
  • #20
  • Oct 2, 2006 5:53pm Oct 2, 2006 5:53pm
Quoting squat1962
got ripped off on your demo account, eh?

i about fell out of my chair on that one.
No Squat,

Not ripped off, tell me what happens when you start making money?

Here is my data, do not judge the book by its cover.

677.20 CR
Sep 30, 2006 3:18:10 AM RCL S 1,000,000.00 DB Oct 3, 2006 7:00:00 PM EUR/USD 1,268,000.00 CR 1.268 77125486 2,928.00 DB
Sep 30, 2006 3:18:10 AM ROP B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM EUR/USD 1,268,128.00 DB 1.268128 77125488
Oct 2, 2006 12:09:42 PM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM EUR/USD 1,268,100.00 CR 1.2681 77194856 28.00 DB
Oct 2, 2006 12:10:12 PM DDL B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM EUR/USD 1,268,600.00 DB 1.2686 77194864
Oct 2, 2006 1:01:40 PM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM EUR/USD 1,269,300.00 CR 1.2693 77196492 700.00 CR
Oct 2, 2006 1:05:19 PM DDL B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM EUR/USD 1,270,100.00 DB 1.2701 77196754
Oct 2, 2006 1:27:33 PM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM EUR/USD 1,271,100.00 CR 1.2711 77197944 1,000.00 CR
Oct 2, 2006 1:29:31 PM DDL S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM EUR/USD 1,270,800.00 CR 1.2708 77198110
Oct 2, 2006 1:31:02 PM MKT B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM EUR/USD 1,271,500.00 DB 1.2715 77198162 700.00 DB
Oct 2, 2006 1:31:28 PM DDL B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM EUR/USD 1,272,100.00 DB 1.2721 77198122
Oct 2, 2006 1:52:14 PM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM EUR/USD 1,273,600.00 CR 1.2736 77199372 1,500.00 CR
Oct 2, 2006 1:53:49 PM DDL B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM EUR/USD 1,274,900.00 DB 1.2749 77199530
Oct 2, 2006 2:24:50 PM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM EUR/USD 1,275,500.00 CR 1.2755 77201486 600.00 CR
Sep 30, 2006 6:58:19 AM CNV B 8,000.00 CR Oct 4, 2006 7:00:00 PM JPY 67.72 DB 0.008465 77170414
Sep 29, 2006 8:13:49 PM LMT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM USD/JPY 118,160,000.00 CR 118.16 77114272
Oct 1, 2006 11:50:48 PM MKT B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM USD/JPY 117,900,000.00 DB 117.9 77182646 2,200.90 CR
Oct 1, 2006 11:51:07 PM DDL B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM USD/JPY 117,910,000.00 DB 117.91 77182652
Oct 1, 2006 11:52:28 PM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM USD/JPY 118,040,000.00 CR 118.04 77182710 1,100.45 CR
Oct 1, 2006 11:53:25 PM DDL B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM USD/JPY 117,980,000.00 DB 117.98 77182624
Oct 2, 2006 12:01:34 AM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM USD/JPY 118,120,000.00 CR 118.12 77182844 1,185.10 CR
Oct 2, 2006 12:02:10 AM DDL S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM USD/JPY 118,150,000.00 CR 118.15 77182782
Oct 2, 2006 12:21:47 AM MKT B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM USD/JPY 118,160,000.00 DB 118.16 77183398 84.65 DB
Oct 2, 2006 12:31:16 AM DDL S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM USD/JPY 118,150,000.00 CR 118.15 77183534
Oct 2, 2006 8:37:19 AM MKT B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM USD/JPY 118,200,000.00 DB 118.2 77190458 423.25 DB
Oct 2, 2006 8:42:03 AM DDL B 1,000,000.00 CR Oct 4, 2006 7:00:00 PM USD/JPY 118,200,000.00 DB 118.2 77190572
Oct 2, 2006 12:33:03 PM MKT S 1,000,000.00 DB Oct 4, 2006 7:00:00 PM USD/JPY 118,360,000.00 CR 118.36 77195630 1,354.40 CR

Regards

Simon
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