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Is Forex Trading A Scam?

  • #81
  • Edited 5:02am Dec 31, 2018 4:04am | Edited 5:02am
This is a very simple issue. Can someone out of so many traders at FF forward evidence he/she is/has been winning constantly and withdrawing from profits? Does not have to tell us how achieves it. Getting to know someone winning would show there are no tricks and also the brokers are honest.
POSTMASTER
  • #82
  • Dec 31, 2018 4:55am Dec 31, 2018 4:55am
Quoting tiborf71
good attitude is very important. test it, get to know more strategies. use your own experience. Create your own method. this may take several years.
For me, it took around five years

Trading really does play with your mind, you have to cope with winning five, then loosing six, then winning three, and so on, and on, and on, and on!
  • #83
  • Dec 31, 2018 5:02am Dec 31, 2018 5:02am
Quoting Robinhood1
This is a very simple issue. Can someone out of so many traders at FF forward evidence he/she is/has been winning constantly and withdrawing from profits? Does not have to tell us how achieves it. Getting to know someone winning would show there are no tricks and also the brokers are honest.
No evidence yet? i have been on the moon
POSTMASTER
  • #84
  • Dec 31, 2018 5:15am Dec 31, 2018 5:15am
Quoting rover99x
{quote} For me, it took around five years Trading really does play with your mind, you have to cope with winning five, then loosing six, then winning three, and so on, and on, and on, and on!
I also went through the learning process.
when I tested several strategies simultaneously.
but perseverance brought results.
  • #85
  • Dec 31, 2018 5:21am Dec 31, 2018 5:21am
Quoting Robinhood1
This is a very simple issue. Can someone out of so many traders at FF prove he/she is/has been winning constantly and withdrawing from profits? Does not have to tell us how achieves it. Getting to know someone winning would show there are no tricks and also the brokers are honest.
There is no real way to prove it Robinhood1, as accounts and trade explorers can be faked. Please just get over about tricks and honest brokers! Use a broker regulated in a country you trust (for me the UK) and don't concern yourself about tricks, of course there are tricks the big banks play but just live with it

Profitability is quite subjective, for me it's about being consistently profitable over time, probably over two or three years. I can and do have loosing weeks and the odd loosing month. For me trading is all about having the correct trade management and getting in the right mindset! Can you enter the seventh trade after you've just had six loosing trades on the trot? If you can't then you're not ready
  • #86
  • Dec 31, 2018 5:27am Dec 31, 2018 5:27am
Quoting Robinhood1
This is a very simple issue. Can someone out of so many traders at FF forward evidence he/she is/has been winning constantly and withdrawing from profits? Does not have to tell us how achieves it. Getting to know someone winning would show there are no tricks and also the brokers are honest.
can be proved.
if you put all your trades on the ff pages.
opening / closing
  • #87
  • Edited 6:49am Dec 31, 2018 6:17am | Edited 6:49am
I think it's all nonsense. Just as good odds as playing roulette.

I've yet to see anyone on any of these boards that's proven to have made a living with Forex for 10+ years. It may be possible...but I doubt it's skill - just pure luck. I think long-term: be that 1 year, 5 years or even 20 the 'house' will always win.

Best of luck to all those who try to pursue Forex - but there must be something else out there that is more reliable than the flip of a virtual coin? I'll spend my 2019 looking for it. Withdrawn my money from my broker - only lost £200 over the past year, so it's not a big deal, but would be an idiot to waste any more time with this.
  • #88
  • Edited 7:05am Dec 31, 2018 6:54am | Edited 7:05am
I will teach you to win (big) at FX ... the price ... let's see 3.000 eur x 12 Months x 5 Years ... that's 180.000 eur, well let's round it to 200.000 eur
hmmm I think you don't want to pay that much ...

he he he he he he he

Then You have to learn by yourself


PS: Over the last 4 mounths I've done 46,83 % profit, with very low risk ... with only 397 trades in a 1:30 leverage account.
Profit Trades (% of total): 378 (95.21%) Loss trades (% of total): 19 (4.79%) Profit Factor: 4.49
Don't swim with the sharks ...
  • #89
  • Dec 31, 2018 7:01am Dec 31, 2018 7:01am
Quoting Petru00
{quote} 'Noob' is the new word that you learnt today? You used it five times in three posts without saying anything about the subject. Are you ok? Do you need any help? Best regards, Petru
Don't flatter yourself trying to sound like you're capable of helping me in some form that I couldn't myself. You're a noob and like other noobs, you're doing what noobs do. Did you just learn English? Trying to practice your English? That's a good noob... That's the spirit.
  • #90
  • Dec 31, 2018 7:16am Dec 31, 2018 7:16am
Quoting tiborf71
{quote} can be proved. if you put all your trades on the ff pages. opening / closing
That's very true tiborf71, but who on earth would take their time and do that? The only reason someone would is to sell you something at the end! And then you won't be able to trust their postings.... So please get real, that will never happen! Anyone doing it will leave off the odd loosing trade so you'll never ever get the real picture
  • #91
  • Dec 31, 2018 7:20am Dec 31, 2018 7:20am
Quoting rover99x
{quote} That's very true tiborf71, but who on earth would take their time and do that? The only reason someone would is to sell you something at the end! And then you won't be able to trust their postings.... So please get real, that will never happen! Anyone doing it will leave off the odd loosing trade so you'll never ever get the real picture
Noobs are always looking for a handout, always trying to shake you down for loose pocket change.
  • #92
  • Edited 7:34am Dec 31, 2018 7:24am | Edited 7:34am
Quoting lcast
I will teach you to win (big) at FX ... the price ... let's see 3.000 eur x 12 Months x 5 Years ... that's 180.000 eur, well let's round it to 200.000 eur hmmm I think you don't want to pay that much ... he he he he he he he Then You have to learn by yourself PS: Over the last 4 mounths I've done 46,83 % profit, with very low risk ... with only 397 trades in a 1:30 leverage account. Profit Trades (% of total): 378 (95.21%) Loss trades (% of total): 19 (4.79%) Profit Factor: 4.49
lcast Sorry but four months of results are far too small a sample, two to three years is more the thing!
  • #93
  • Edited 8:08am Dec 31, 2018 7:53am | Edited 8:08am
Quoting rover99x
{quote} lcast Sorry but four months of results are far too small a sample, two to three years is more the thing!
My ps were only to show that with low risk is possible to win good money.
I will not brag of my results here, that is plain stupid ... I'm doing well in the long run, if you do like to know ... but that's not the point.

The point here is that there are so many (maybe 95% traders ), that want the road to riches delivered in hand ... and that's not going to happen.

I have 12 years of study and work in this matter.
Traders with good knoledge and a real edge in the market are so few ...

I'm not selling anything ... hehehehehehe
Don't swim with the sharks ...
  • #94
  • Dec 31, 2018 8:42am Dec 31, 2018 8:42am
Quoting lcast
{quote} My ps were only to show that with low risk is possible to win good money. I will not brag of my results here, that is plain stupid ... I'm doing well in the long run, if you do like to know ... but that's not the point. The point here is that there are so many (maybe 95% traders ), that want the road to riches delivered in hand ... and that's not going to happen. I have 12 years of study and work in this matter. Traders with good knoledge and a real edge in the market are so few ... I'm not selling anything ... hehehehehehe
I agree with all that lcast, but just remember we were newbies once! I started with trading Dax futures back in 1999
  • #95
  • Dec 31, 2018 11:20am Dec 31, 2018 11:20am
what if trading was easy and those who say it's impossible just want you to lose, because they lost... big.

Relax, it's only hard (impossible) if you look for huge consistent profits, why not... risk free!
if you want to keep the dd low, but your account is small.
if you day trade manually (my opinion and I might be wrong).

a super simple buy and hold works in the long term. want proof ? open the sp500 chart.

Problem is in the human mind, we want more, and more, and more... we want the impossible... hence losers get exactly what they wanted.

don't blame man, don't blame! face the reality of the market: you can't make huge profits consistently; you can't trade risk free; you can't trade with a small s**tty broker and pretend to be treated fairly etc. etc. yeah a bit of intelligence is needed...

But remember a monkey can trade better than the avg PROFESSIONAL... so just humble down.
  • #96
  • Dec 31, 2018 1:00pm Dec 31, 2018 1:00pm
Quoting HeyYou
what if trading was easy and those who say it's impossible just want you to lose, because they lost... big. Relax, it's only hard (impossible) if you look for huge consistent profits, why not... risk free! if you want to keep the dd low, but your account is small. if you day trade manually (my opinion and I might be wrong). a super simple buy and hold works in the long term. want proof ? open the sp500 chart. Problem is in the human mind, we want more, and more, and more... we want the impossible... hence losers get exactly what they...
Yep agree

You're right, the problem is our mind.

The S&P is a great example, but holding for the long term is very very hard to do. Loosing is the biggest thing that traders find the hardest to cope with, loosing is like failure, it's something we're told not to do! However, in trading it's something you have to cope with...

If you cannot enter the next trade after you've just had six losers on the trot you're not ready......................

Trading is the easiest thing to do but the hardest to master
  • #97
  • Dec 31, 2018 1:08pm Dec 31, 2018 1:08pm
Quoting plymgary
I think it's all nonsense. Just as good odds as playing roulette. I've yet to see anyone on any of these boards that's proven to have made a living with Forex for 10+ years. It may be possible...but I doubt it's skill - just pure luck. I think long-term: be that 1 year, 5 years or even 20 the 'house' will always win. Best of luck to all those who try to pursue Forex - but there must be something else out there that is more reliable than the flip of a virtual coin? I'll spend my 2019 looking for it. Withdrawn my money from my broker - only lost £200...
Best of luck....
This business is not for everyone. ....
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -301
  • #98
  • Dec 31, 2018 2:11pm Dec 31, 2018 2:11pm
Quoting rover99x
{quote} Yep agree You're right, the problem is our mind. The S&P is a great example, but holding for the long term is very very hard to do. Loosing is the biggest thing that traders find the hardest to cope with, loosing is like failure, it's something we're told not to do! However, in trading it's something you have to cope with... If you cannot enter the next trade after you've just had six losers on the trot you're not ready...................... Trading is the easiest thing to do but the hardest to master
Oh man! good message..


nobody likes to lose and I think it's in our dna.. I was trying to raise awareness of our greedy nature.. because awareness means healing to me. is it hard to face our mistakes ? that's irrelevant because I want to be a good trader.. whatever it takes.
Personally I find this self discovery process interesting and enjoyable to say the least.

Btw HAPPY NEW YEAR, I'm going to get really drunk tonight (already started) so... see you tomorrow
  • #99
  • Dec 31, 2018 5:46pm Dec 31, 2018 5:46pm
Quoting dicojoxaftr
{quote} u are more funny than spotrate, and i think the both of you are the same person maybe i wounder why countries dont beat other currencies by trading successfully with a fake retail traders ?? if that was possible ah i forget who im talking with, dr. nonoob enough chit chat, its an empty discussion since only a few members write with honesty and logic my last post in this thread is if you think that we are wrong, accept hilmy83...
I don't understand the logic of needing to prove ones own success in order to have a valid view that forex is not a scam.
The very idea that someone appears on a forex trading website saying forex is not a scam must be an employee, is equally puzzling.
FF is logically filled with aspiring traders looking to make money. If these traders were convinced it is a scam, I doubt they would be here.

What is the definition of a scam as it pertains to forex?? If it is the selling of financial dreams at the simple click of a button or 2, then yes, the marketing is a scam. Once you are in the market however, the idea that brokers or the market are hunting your particular SL does not seem logical. Considering the numbers of global forex traders, the hunting of one traders SL, is likely to put another trader in profit, so what is the net gain for these hunters as a group??

Ones own failure at forex means it is a scam, would have to be one of the lowest, self centred and most pathetic trains of thought...
Come with me if you want to live....
  • #100
  • Edited 9:02pm Dec 31, 2018 8:36pm | Edited 9:02pm
Its not a scam ..As retail trader since 2005 the only way to make money from forex market is to scalp it and dont be greedy as well in scalping
make one or two a day as simple as that ( SHUT DOWN YOUR MT4 , DONT LEAVE IT ON TILL NEXT DAY) follow that and see your account growing.
thats why 95 % of retail traders are losing money cos we knew we are in the casino and we are gamblers and casinos knows we cant predict where
the price is going . thats why as small fish in ocean i grab quickly what sharks left to me to survive every day.
with more retail traders increasing daily more casinos will open and more mentors will come and sell you the unknown dreams.
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