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Is Forex Trading A Scam?

  • #101
  • Dec 31, 2018 8:42pm Dec 31, 2018 8:42pm
Quoting Huss70
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 your in poker machine and we are gamblers .
Well sure, it would be shooting fish in a barrel if the account size is large. Are you talking about scalping a small account or a large account? Almost anyone who is used to trading a 5K or less account, can effortlessly make profits on a large account.
  • #102
  • Dec 31, 2018 11:27pm Dec 31, 2018 11:27pm
Wiishing you all Happy New Year!
  • #103
  • Dec 31, 2018 11:59pm Dec 31, 2018 11:59pm
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. ...
Great points highlighted!
  • #104
  • Jan 1, 2019 2:51am Jan 1, 2019 2:51am
Quoting mathtrader
{quote} Great points highlighted!
Thanks! so I'm back, enough partying lol

fear of losing...that was a great obstacle in my trading indeed. however right now I'm able to deal with the risks involved easily.

I realized that on demo I was so good , and I thought: why not treating the live account like the demo account ? .If I start thinking "oh my I can lose my money" I'm f***ed... so I keep fooling myself into thinking that I'm trading demo lol it's a mind trick that really helped
  • #105
  • Jan 1, 2019 5:21am Jan 1, 2019 5:21am
Quoting HeyYou
{quote} Thanks! so I'm back, enough partying lol fear of losing...that was a great obstacle in my trading indeed. however right now I'm able to deal with the risks involved easily. I realized that on demo I was so good , and I thought: why not treating the live account like the demo account ? .If I start thinking "oh my I can lose my money" I'm f***ed... so I keep fooling myself into thinking that I'm trading demo lol it's a mind trick that really helped
Yep, also fear of missing out too

I think we all have ways to cope with losses. Funnily enough I used to get a fear even when I was trading on Demo

We're conditioned to not loose, because to loose means we've failed, to loose food we've just won means we could starve! Even today after many years of trading loosing still hurts even when I know the big picture and I will win over time.
  • #106
  • Jan 1, 2019 4:22pm Jan 1, 2019 4:22pm
Quoting hilmy83
{quote} lol i was expecting the last sentence to be: for only $99.99, i can teach you the ways of the the market maker, limited time only, then after 3 days, it will jump to $199.99 just kidding bro so mr callmechief..you want to accept my challenge? 1 year live TE gong forward, with your market maker technique..with the conditions i set above would $1000 be worth your while if this can be proven? if i'm wrong i'll never bother to join this types of discussion ever again...and you're $1000 richer but if i'm right..well..that's $1000 for me...
HAHA! Good one man!

I actually have had a couple followers who took the time to listen to me, identify the moves, and then turn around and toss a couple thousand dollars of their profit at me to show their appreciation. They have since faded away from the retail trading scene and gone in to making their money in silence...
Discouragement is the language of the devil. Results over hype.
  • #107
  • Jan 1, 2019 5:12pm Jan 1, 2019 5:12pm
Quoting rover99x
{quote} yep, also fear of missing out too i think we all have ways to cope with losses. Funnily enough i used to get a fear even when i was trading on demo we're conditioned to not loose, because to loose means we've failed, to loose food we've just won means we could starve! Even today after many years of trading loosing still hurts even when i know the big picture and i will win over time.
loss is a part of trading.
Uncontrolled loss is not!
Discouragement is the language of the devil. Results over hype.
  • #108
  • Jan 2, 2019 1:37am Jan 2, 2019 1:37am
Quoting callmechief
{quote} loss is a part of trading. Uncontrolled loss is not!
Of course
  • #109
  • Jan 2, 2019 6:08pm Jan 2, 2019 6:08pm
People will call it a scam if it doesn't work for them but they will call it legitimate if it's working for them. Calling it a scam is one of the easiest ways to identify noobs.
  • #110
  • Jan 6, 2019 2:33am Jan 6, 2019 2:33am
Quoting spotrate
People will call it a scam if it doesn't work for them but they will call it legitimate if it's working for them. Calling it a scam is one of the easiest ways to identify noobs.
Too little knowledge:
Jumping into trading with too little theoretical and practical knowledge is a good way to lose money. Experience comes from trading and learning. Practice on demo a lot, learn new things about Forex; if something does not work as one expects it to, try to find out why it does not.I agree with you.The problem of many traders is too little knowledge.
  • #111
  • Jan 7, 2019 4:01pm Jan 7, 2019 4:01pm
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 am in no way affiliated to spotrate and no noob neither.

What is hillmy83’s challenge ? 100>10000 in 6 months ?
LDFX Trading Ltd
  • #112
  • Jan 7, 2019 9:05pm Jan 7, 2019 9:05pm
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...
You haven't earned the right to address me directly, ahem, try again noobie and this time show some respect. How do you get my respect? Make some pips; real ones, demo ones, something... Anything... Otherwise you're just anther nonsense noobs-eee.
  • #113
  • Jan 7, 2019 9:08pm Jan 7, 2019 9:08pm
Quoting LDFX
{quote} I am in no way affiliated to spotrate and no noob neither. What is hillmy83’s challenge ? 100>10000 in 6 months ?
That noob doesn't possess any pattern recognition whatsoever since he can't tell there's a difference between you and me. I don't know how he could ever expect to be profitable with his type of pattern recognition skills.
  • #114
  • Jan 13, 2019 6:04pm Jan 13, 2019 6:04pm
Quoting tr4pgod
{quote} A lot of what your saying makes sense to brother. Currently im trading manipulation of support/res levels, but I always thought it was deeper that. Im going to do e more research on your posts, looking forward to tell you what Ive found!
Message me and let’s talk about market manipulation! I’ll hook you up!!
Discouragement is the language of the devil. Results over hype.
  • #115
  • Jan 26, 2019 6:18am Jan 26, 2019 6:18am
Quoting Petru00
95% of new businesses are bankrupt in the first few years 98% of people who play sports will fail becoming professionals Just think how many people in this world are above average in any domain or even in life(money speaking). You...

You're giving out false information there.

where is your source? link?

I just googled how much businesses fail, and about 1 in 3 are still in business after 10 years

There's even a chart for you
https://www.linkedin.com/pulse/20140...survival-rates
  • #116
  • Jan 26, 2019 8:19am Jan 26, 2019 8:19am
From what I have seen on instagram when you filter all the silly lifestyle post, is that we have some very seriouse programmers who have grasped knowledge of forex and make tons of money. I think we should put all of our time and energy to try to do the same because time spent is time lost forever.
6ix9ine - Bebe
  • #117
  • Jan 27, 2019 5:31am Jan 27, 2019 5:31am
Quoting 6ix9ine
From what I have seen on instagram when you filter all the silly lifestyle post, is that we have some very seriouse programmers who have grasped knowledge of forex and make tons of money. I think we should put all of our time and energy to try to do the same because time spent is time lost forever.
You're right of course, but we don't want too many retail traders winning otherwise it'll be closed down to us retail lot. The EU has already started on it, we're already restricted to tight margin requirements now under the guise to protect us from ourselves! Thankfully, most retail traders will always loose over time as they tend to jump from one system to another looking for that holy grail that hardly ever looses .........
  • #118
  • Jan 27, 2019 5:38am Jan 27, 2019 5:38am
Quoting rover99x
{quote} You're right of course, but we don't want too many retail traders winning otherwise it'll be closed down to us retail lot. The EU has already started on it, we're already restricted to tight margin requirements now under the guise to protect us from ourselves! Thankfully, most retail traders will always loose over time as they tend to jump from one system to another looking for that holy grail that hardly ever looses .........

I honestly think that for most of the retailers to win, a person selling a system will make it impossible to afford. Most traders lose over time because they seem to believe that ¨Time is there friend¨ when it truly isn´t. I find it amazing how so many people trade the much delayed higher time frames, and continue to do so lost after lost and not to mention the time which is also lost in the process.
6ix9ine - Bebe
  • #119
  • Jan 27, 2019 6:14am Jan 27, 2019 6:14am
The higher leverage you use.. the more of a Scam forex is..
Forex is one of the most safest markets at 0 leverage.
But lets face it.. Most of us need leverage.
The only system that will work is one designed by and for yourself.
  • #120
  • Jan 27, 2019 8:03am Jan 27, 2019 8:03am
Quoting 6ix9ine
{quote} I honestly think that for most of the retailers to win, a person selling a system will make it impossible to afford. Most traders lose over time because they seem to believe that ¨Time is there friend¨ when it truly isn´t. I find it amazing how so many people trade the much delayed higher time frames, and continue to do so lost after lost and not to mention the time which is also lost in the process.
And, let's face it, selling, so called, training and systems is far more profitable more quickly than trading itself! It's a proper industry now selling the dream of working an hour a day and retiring after five years. I have asked many "trainers" why don't they just trade their method and retire themselves and they all answer, 'they want to give something back!' Rubbish ............
This is the biggest scam in the whole of FX!
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