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  • #46,561
  • Feb 1, 2025 10:57am Feb 1, 2025 10:57am
Quoting pipmaster77
The amount of scammers in the world, especially in the trading space, is astounding. Everyone really over complicates things as well.......trading, as with any type of statistic/probabilty gambling....ie poker, sports betting, etc, truly comes down to risk management.....you only need a slight edge. Of course, WITHOUT an edge, no risk management will save you from losing. When I play poker, I keep 50 buy ins in my bankroll. If I lose 50 buy-ins, I don't have an edge and shouldn't be playing poker. With trading, unlike all other gambling, we have...
This era is the era of dream sellers, you see people promoting bets online, when 90% is illegal or ridged casinos and people lose their life savings and even borrow money to gamble, i personally know someone that did this, this destroys families, like if drugs in the world wasnt enough, we now have casino addicteds and trading gamblers that will never make it and spend family money
  • #46,562
  • Feb 1, 2025 11:11am Feb 1, 2025 11:11am
Quoting Novazor
{quote} This era is the era of dream sellers, you see people promoting bets online, when 90% is illegal or ridged casinos and people lose their life savings and even borrow money to gamble, i personally know someone that did this, this destroys families, like if drugs in the world wasnt enough, we now have casino addicteds and trading gamblers that will never make it and spend family money
Agree 100%. The issue is, without a doubt, the addictive nature of gambling. Just like an alcoholic, drug addict, they cannot put it down.
With trading, the "high" is winning and people will keep chasing that high.
However, on the flip side, albeit a very small %, there are succesful traders, poker pros, sports gamblers, etc. When online poker was banned in the USA, they all became daily fantasy sports pros......did they know about the sports/players they were now betting on? Absolutely not.....they only understood statistics, probabilities and money management.
I consider myself to have an edge in trading, poker and sports betting. Although trading is my main source (by far) of the 3, the other 2 are more hobbies that I earn money from. I make money because I have an edge and I am a master at risk management. Anytime I deviate from risk management, it goes bad real quick. I have done it many times and the more you do it, the less likely the "professional" is likely to do it again. The addict will do it over and over and over until he/she last lost everything.
You can get lucky over risking for a short time, but in the long run it is not sustainable.
  • #46,563
  • Feb 1, 2025 11:39am Feb 1, 2025 11:39am
Quoting pipmaster77
{quote} Agree 100%. The issue is, without a doubt, the addictive nature of gambling. Just like an alcoholic, drug addict, they cannot put it down. With trading, the "high" is winning and people will keep chasing that high. However, on the flip side, albeit a very small %, there are succesful traders, poker pros, sports gamblers, etc. When online poker was banned in the USA, they all became daily fantasy sports pros......did they know about the sports/players they were now betting on? Absolutely not.....they only understood statistics, probabilities...
Yeah but in trading you can have a edge, in sports bets or poker you can too i dont know i dont bet or play poker, but with online casinos the edge is always with the house no matter how good your risk management is in the long term you will lose it all and nowadays its all online casinos, drake has its own casino stake regulated in belize i think, they can ridge the odds
  • #46,564
  • Feb 1, 2025 12:42pm Feb 1, 2025 12:42pm
Quoting Novazor
{quote} Yeah but in trading you can have a edge, in sports bets or poker you can too i dont know i dont bet or play poker, but with online casinos the edge is always with the house no matter how good your risk management is in the long term you will lose it all and nowadays its all online casinos, drake has its own casino stake regulated in belize i think, they can ridge the odds
Yes, slots, roulette, blackjack, craps, etc......all have a house edge that cannot be exploited long term. Some martingale with a huge bankroll MAY work short term.
Poker, the casino and/or site makes money from the "rake", a percentage of each pot ot tournament fee that goes to the house. You only need an edge against the other players.
Sports gambling, same thing....stats and probablities, how does a player perform against certain teams, certain matchups.....etc. Here, the casino makes the money form the "juice" or the "vig", 10% fee is built into the bet. Nice thing about sports gambling today is you can bet on individual players. You can also libe bet, so see the pace/trend of a game before betting on it.
  • #46,565
  • Feb 1, 2025 12:58pm Feb 1, 2025 12:58pm
Quoting pipmaster77
{quote} Yes, slots, roulette, blackjack, craps, etc......all have a house edge that cannot be exploited long term. Some martingale with a huge bankroll MAY work short term. Poker, the casino and/or site makes money from the "rake", a percentage of each pot ot tournament fee that goes to the house. You only need an edge against the other players. Sports gambling, same thing....stats and probablities, how does a player perform against certain teams, certain matchups.....etc. Here, the casino makes the money form the "juice" or the "vig", 10% fee is...
I know in USA sports bets are different from europe, here they bet alot on football games, i remeber when i was 17 my friends all gambled in football bets and make some mine but not much
  • #46,566
  • Feb 1, 2025 1:39pm Feb 1, 2025 1:39pm
Quoting Capablanca
{quote} So, this part where it says Real it's fake ? {image} I never used my ICM account with web version but I just logged in there to see how it shows up and seems the same format: {image}
this looks like beginner trader or just a fake/scam.

in such a medium account of only 1,7 million your dont put in 900 lot (= 90 million) without an stoploss for 2 days, special not in usdjpy. already 300 pip move can wipe out your whole account and this moves can come in seconds/minutes in usdjpy in last months because of some reasons in market.
its like an bad trader show trading, what a joke, and people really believe this fake bullshit or follow a bad trader?
  • #46,567
  • Feb 1, 2025 8:44pm Feb 1, 2025 8:44pm
Quoting Capablanca
{quote} So, this part where it says Real it's fake ? {image} I never used my ICM account with web version but I just logged in there to see how it shows up and seems the same format: {image}
He continuously talks about being transparent and puts in a lot of effort to prove it. But instead of making multiple videos, he could just provide the investor password, which would let people verify everything in seconds.
  • #46,568
  • Feb 1, 2025 11:05pm Feb 1, 2025 11:05pm
Quoting rehmatkhan00
{quote} I am not from UAE but living here for job and trading purpose.
so you from Pakistan??
  • #46,569
  • Feb 1, 2025 11:07pm Feb 1, 2025 11:07pm
Quoting acetrader
{quote} Hi genuine, I agree. Trading forex for me was/is much simpler. MT4 & MT5 charts are the best for me. I do trade futures on a personal account using MT5 charts, so that make trading futures work for me. __________________________________________________________________________________________
Yeah, so much simple! No other platform can ever come close to meta trader.
You can imagine what happened to props when meta trader snatched its hands from props.
Suddenly people stopped buying challenges.
  • #46,570
  • Feb 2, 2025 4:41am Feb 2, 2025 4:41am
Quoting rehmatkhan00
I have two funded accounts. One with FTMO and second with CTI and with both prop firms my expriehce is really good. Anyway,I was planning to buy an account with E8 but unfortunately it's banned in UAE now I interested in pipfarm if someone has experience with it please share ?
I thought every prop firm allow UAE
I did not know that E8 or may be some other props are not allowed to UAE residents.
  • #46,571
  • Feb 2, 2025 4:52am Feb 2, 2025 4:52am
Quoting genuine007
{quote} I thought every prop firm allow UAE I did not know that E8 or may be some other props are not allowed to UAE residents.
I don't have any prop firm accounts, but I assume they consider the country of citizenship over the country of residency.
  • #46,572
  • Feb 2, 2025 5:29am Feb 2, 2025 5:29am
Quoting genuine007
{quote} I thought every prop firm allow UAE I did not know that E8 or may be some other props are not allowed to UAE residents.
yup I am basicalky from Pakistan but living in UAE.
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  • #46,573
  • Feb 2, 2025 5:43am Feb 2, 2025 5:43am
Quoting rehmatkhan00
{quote} yup I am basicalky from Pakistan but living in UAE. {image}
Here's a website that lists the Pakistan allowed prop firms: https://www.propfirmmatch.com/features/pakistan
  • #46,574
  • Feb 2, 2025 5:48am Feb 2, 2025 5:48am
Quoting Th3W1z4rd
{quote} Here's a website that lists the Pakistan allowed prop firms: https://www.propfirmmatch.com/features/pakistan
bro I am trading from UAE not Pakistan so this list is not beneficial for me.
  • #46,575
  • Feb 2, 2025 5:53am Feb 2, 2025 5:53am
Quoting rehmatkhan00
{quote} bro I am trading from UAE not Pakistan so this list is not beneficial for me.
I assumed they focus on the country of citizenship rather than the country of residency.
  • #46,576
  • Feb 2, 2025 5:58am Feb 2, 2025 5:58am
Quoting Th3W1z4rd
{quote} I assumed they focus on the country of citizenship rather than the country of residency.
nope, they do consider current residency instead of someone's origin.
  • #46,577
  • Feb 2, 2025 6:38am Feb 2, 2025 6:38am
Quoting rehmatkhan00
{quote} yup I am basicalky from Pakistan but living in UAE. {image}
So basically there is no use of leaving self-country for the purpose of just doing trading. But as you said you are also doing some job, that's good. I have seen you made some good payout with FTMO, no.1 prop firm in the world. Great that you are working with FTMO.
  • #46,578
  • Feb 2, 2025 6:43am Feb 2, 2025 6:43am
Quoting genuine007
{quote} So basically there is no use of leaving self-country for the purpose of just doing trading. But as you said you are also doing some job, that's good. I have seen you made some good payout with FTMO, no.1 prop firm in the world. Great that you are working with FTMO.
of course this is not only for trading but also for my job. Indeed FTMO is the king in the prop firm world
  • #46,579
  • Feb 2, 2025 6:50am Feb 2, 2025 6:50am
Quoting rehmatkhan00
{quote} of course this is not only for trading but also for my job. Indeed FTMO is the king in the prop firm world
Will you help me in case I wanted to come to Dubai??
  • #46,580
  • Feb 2, 2025 6:56am Feb 2, 2025 6:56am
Quoting genuine007
{quote} Will you help me in case I wanted to come to Dubai??
what kind of help ?
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