forex and all eas are a scam, stay away from forex | Forex Factory

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

  • #1
  • First Post: Feb 8, 2019 3:41am Feb 8, 2019 3:41am
I was on forex market for 5 years.
and I understand that forex is totally scam.
I lost totally USD15.000 within 5 years.
I tried thousands of indicators and eas . I tried signal services.
I made my own eas. I followed experts from different forums.
but all of them was sh*t.
so, I gave up from this market.
You pls notice this market is scam and only based to take smal traders money by big players(scammers).
Attached Image
  • #2
  • Feb 9, 2019 4:08am Feb 9, 2019 4:08am
Quoting frxdhs
I was on forex market for 5 years. and I understand that forex is totally scam. I lost totally USD15.000 within 5 years. I tried thousands of indicators and eas . I tried signal services. I made my own eas. I followed experts from different forums. but all of them was sh*t. so, I gave up from this market. You pls notice this market is scam and only based to take smal traders money by big players(scammers). {image}
Just give up sir. You dont know how to do it
  • #3
  • Feb 10, 2019 6:06am Feb 10, 2019 6:06am
Quoting frxdhs
I was on forex market for 5 years. and I understand that forex is totally scam. I lost totally USD15.000 within 5 years. I tried thousands of indicators and eas . I tried signal services. I made my own eas. I followed experts from different forums. but all of them was sh*t. so, I gave up from this market. You pls notice this market is scam and only based to take smal traders money by big players(scammers). {image}
Or that you're not good at this. You can blame everyone / everything else, but if you spent 5 years trying out indicators, EAs and signal services in hopes that something would work, then that speaks for itself.

The fact that you lost $15.000 USD in the span of 5 years really shows that you didn't do your due diligence with your trading. Why would you go live if you're not consistently profitable? You were consistently losing and kept going with a lot size that wasn't apropriate for you. You don't lose $15k trading microlots. Bad risk and money management, and that's completetly on you, you have nobody else to blame there.

Make yourself accountable for your mistakes.
  • #4
  • Feb 28, 2019 6:56am Feb 28, 2019 6:56am
actually Forex is an addiction , so many traders i have seen those losses much from Forex trading but they come back again and still doing trade.
  • #5
  • Apr 10, 2019 5:09am Apr 10, 2019 5:09am
its not an addiction according to me, i can consider it as a great Hope that we cant avoid in spite of having much losses , in my own trading career , not much profit i have gained but still there is for only one reason which is "Hope".
  • #6
  • Apr 10, 2019 11:59am Apr 10, 2019 11:59am
Thanks for your nice post ,
appreciate your whole message ,
hope is everything and hope is life.
we live for hope,
  • #7
  • Apr 11, 2019 12:16am Apr 11, 2019 12:16am
Quoting frxdhs
I was on forex market for 5 years. and I understand that forex is totally scam. I lost totally USD15.000 within 5 years. I tried thousands of indicators and eas . I tried signal services. I made my own eas. I followed experts from different forums. but all of them was sh*t. so, I gave up from this market. You pls notice this market is scam and only based to take smal traders money by big players(scammers). {image}
Just blame yourself.
I'm using EA and its very fine for me
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  • #8
  • Apr 11, 2019 1:20am Apr 11, 2019 1:20am
So this guy is probably gone for now. He will get away and think about it and come back.

Failing is hard on a person emotionally. The reason it hurts so much is because you are really trying to succeed, putting forth effort. But instead of thinking of yourself as a loser or stupid or any number of negative implications...step back.

Zoom out your screen and look at the big picture. Simplify your chart.
Everything easy was hard at first
  • #9
  • Apr 11, 2019 9:35am Apr 11, 2019 9:35am
We all don't know for sure his life experience but OP should tell us positive moments about trading cause I can't believe he simply lost all $15k without any success all this years of his life. He would stop doing that on first year or so. I bet, so please tell us more OP, it's not that simple desperate post.
  • #10
  • Apr 11, 2019 1:19pm Apr 11, 2019 1:19pm
In retail forex every trader loses in the end.
If you are not losing, it's not the end
  • #11
  • Jun 3, 2019 12:07pm Jun 3, 2019 12:07pm
Was that all your money you simply had or you still can borrow take somewhere from something ? What do you say ? See people posting some good success screens for everything and there are more. You did something wrong and was persistent there.
  • #12
  • Jun 4, 2019 3:59am Jun 4, 2019 3:59am
Why you were continuing with trading for 5 years on real account if you were not profitable? D E M O!!!
  • #13
  • Jun 7, 2019 4:29am Jun 7, 2019 4:29am
Quoting jamco388
{quote} Just blame yourself. I'm using EA and its very fine for me {image}
That seems quite tricky. Can you share more info?
  • #14
  • Jun 7, 2019 5:46am Jun 7, 2019 5:46am
Well, why don't you become the big player then??

If you can't make money, someone else can. I agree Forex is addiction where there are 2 kinds of addiction:

1) You are addicted to gambling and waiting if roulette will hit red or black which is like 80% of traders(you are here)

2) You are addicted to being disciplined, addicted to long term results, addicted to compounding, addicted to things that move the market, etc.. This addiction makes you better, while the one above makes you worse. You can go to the casino that way, there is no edge in your trading...

Just a quick note: It takes 72 consecutive losses to blow account risking 2% per trade. So count it, the possibility is like 0.00001% and still, people do it..
Learn to manage risk and you will be successful. Maybe read some books about psychology.

Cheers!
If you want to see charts on different level, start listening to Madonna
  • #15
  • Jun 7, 2019 6:19am Jun 7, 2019 6:19am
You should have your own system to succeed. Otherwise, you will lose.
  • #16
  • Jun 8, 2019 7:06am Jun 8, 2019 7:06am
The only thing you didn't try was to learn how to trade for yourself. This is the only way to win long term.
  • #17
  • Jun 9, 2019 4:06am Jun 9, 2019 4:06am
Quoting Jmexpat
In retail forex every trader loses in the end. If you are not losing, it's not the end

100 % true
  • #18
  • Jun 9, 2019 3:03pm Jun 9, 2019 3:03pm
Quoting jamco388
{quote} Just blame yourself. I'm using EA and its very fine for me {image}
And how long is your EA live? Month? Years?
  • #19
  • Jun 10, 2019 4:47am Jun 10, 2019 4:47am
Quoting frxdhs
I was on forex market for 5 years. and I understand that forex is totally scam. I lost totally USD15.000 within 5 years. I tried thousands of indicators and eas . I tried signal services. I made my own eas. I followed experts from different forums. but all of them was sh*t. so, I gave up from this market. You pls notice this market is scam and only based to take smal traders money by big players(scammers). {image}
My advice is; stay away from buying trading EA but not from the Forex!
  • #20
  • Jun 10, 2019 11:01am Jun 10, 2019 11:01am
Quoting Adelhard
{quote} My advice is; stay away from buying trading EA but not from the Forex!
what's trading EA?
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