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

they DO work long term. my systems were backtested over a 20 years period... IMO that can be defined as "long term", and they still work apparently.

Of course there's risk invovled, but saying that EAs don't work in the long term sounds like a prophecy.

certainly I'll let them run regardless of what the desperate gurus on forums say.

it is not forex's it's your fault. If you faied that doesn't mean everyone fail.

99.8% retail forex traders lose money over a period of five years - the 0.2% in profit can still be expained by pure luck. So the statement everyone fails is pretty accurate. Retail forex is a negative sum game for losers.

All snake oil sellers and affilate marketing guys.... why don't you convince your brokers to publish full and detailed retail trading statistics about all their customers over 5 to 10 years? Guess why, because even the CFTC or the EMSA numbers over just 3 and 6 months are devastating for your business model. The same would be true if Mastercard or Visa would publish data about the funding of trading accounts compared to the withdrawels. They could certainly show that their is almost not a single retail trader out their who withdraws significant money from his account, especially beyond the original funding.

The epic lie of this industry is to sell and keep alive the dream of consistently profitable retail forex traders...... they simply don't exist. Since many years all the scientific data about this topic shows how fast retail traders lose their money and adresses also the diffrent reasons why. That's why the regulators start to limit leverage, ban retail forex marketing etc. etc. It's damage control to limit the harm of retail forex traders and most of them even complain about it, because they are addicted gamblers and hopium junkies in constant denial.

I am confused now, no rebuke to the above post ? (:

Come on brokers-and-scammers-and-wannabe-retail-forex-millionaires you are not going to defend your lunch ?
I bet you can't (:

Artificial intelligence which trade instead of you.

Sorry to hear that YOU had such a bad experience BUT let's not generalize over everyone in the field, shall we?

It has been my experience that most people that moan about their losses failed to, at some point, follow the rules of their own system, relied too much on outside input, fell prey to a scammer (or 10) or made any of the many common sense mistakes that in other areas of life you'd never make in a million years.

Trading Forex is about building your own system through experience and the back of an existing one - you find something you're comfortable with and make your own tweaks and adjustments to it until you feel your profits and risks are both within your own acceptable parameters and start working within that system.

The real trick is never straying from the path you created for yourself - which is quite tough to do...

If you get upset at losses or overly happy at wins if you chase losses or try to parlay wins if you are too tempted to chase over something outside your system or any other of the cardinal rules...

Sorry - but this just isn't for you.
You can't successfully trade Forex if you can't stay level headed.

And yea - letting others, be it machines or humans, trade for you - that's not trading.

This is quite sad. Multiple issues with your post.

1) You lost 15k. Got emotionally attached because you decided to bet a lot of money. Yes I say bet not invest. Why risk so much if you are not experienced yet
2) You say you tried everything. Which means you tried nothing. You know the famous Bruce Lee quote where he says I fear a man that practices 1 kick 10,000 over a man that practices 10,000 kicks once? Paraphrasing but trying everything is set up to fail. Learn a system and don't run at first sight.

I got interested in Forex because I know multiple people that have made a living off it. A living that most people can only dream of. It's very possible. The issue is much like every big dream only a very very small percent succeed.

I had the same experience in poker, and then I became good enough to make a living from it as a pro for 5 years.

Of course the US online poker funds seizure of 2011 took $25k+ dollars from me and left me without an income. But that's a different story altogether!

whatever bullshit you are smoking, you need to stop. 99.8 percent, 0.2 percent, you can only be pulling this stuff straight out your ass because nowhere are there any official stats even close to this. in other words you making the shit up as you go along. do yourself and everyone else a favour and leave this forum and forget about trading. nobody listens to this shit

Truth hits hard, doesn't it?

Booom.... a really bad awakening.... this is the reality:

https://www.forexfactory.com/showthr...1#post12500031

its a very common topic that Forex is a scam, actually we the traders like to consider Forex as like casino ,the people who come into this market place to bring profit very rapidly with no learning , they suppose at the end of the day Fx as a scam when becoming loser. thats all.

Someone hit you in the silly nuts

Or u bancrupted again

Yeah.

He's a morom and liar. Bless his heart

Notty..... still in denial, arn't you?

Being on your ignore list is the greatest honor someone could earn here on FF.

.... and since one of my post summarizes the problem well.... a link might be quite helpful for all still thinking retail forex trading is a smart idea.
It's not. Is is a negative sum game for losers.

https://www.forexfactory.com/showthr...1#post12500031

While trading on Forex, I needed to study a lot of reference literature, had to try out the action of several dozens of indicators and Expert Advisors, as well as develop several trading tactics. Trading on a demo account, the method of trial and error, I found: a very profitable trade is only on long-term periods. On long-term periods it is easier to get into a trend, the trade itself doesn't strain as trading on short-term periods. But is there any place for a single trader in this trading? I believe that with the current development of the market, this place no longer exists, perhaps, it was during the trade chaos in the late twentieth century.
A single trader can comprehend all the wisdom of fundamental and technical analysis and stuff, but he or she isn't allowed alone to predict changes in exchange rates, which means that he or she is unprotected in the long-term market. This all-determining advantage is owned by large banks and governments, often appointed under the influence of these same banks, it is they who change national currency rates to their advantage and it is naive to believe that their plans, and thus profits, they will want to share with someone. That's why, with a steady rising trend in long-term trading, unexpected news instantly reverses prices, knocking down stop loss for millions of traders. But that doesn't mean that a single trader can't make money on Forex, he's left with short term trading, scalping and other tactics. It's possible to make money, it's only about the amount of money.

Forex market is dangerous, no one said it would be easy to make money there. To actually make money, you have to know how to do it. By blindly investing money in the EA and trying to get some profit without particular knowledge is just not wise. Before going in - make sure that you know how this market works. You need know when it's best using EA, and when it's best to trade manually. And also you HAVE to be ready to lose money. Again - if you want to earn - you need to be ready to LOSE. Study the market, study strategies. It's seems that it's easy to trade... but in reality it's not. So please, if you failed - don't say that it's a scam.

I used to buy a lot of EA and now I feel wasted money and no effect. Do not throw money through the window if you do not understand the seller's EA

Forex is not scam. It totally depends on how you trade. CFDs trading is risky and many people lose while trading in forex. But on the other days, it is profitable for some. So, we cannot call it scam.