Forex = legal scam

I never gave up even after 8 years! Now I can increase $10 to $300k in just 4 weeks. Of course with a minimum leverage of 1:300; with a honest and transparent Brker. PM me for clues to build a perfect strategy.

I actually believe the guy above.

You know why?

Because he is smart enough to realize when you are overleveraging, you start with as little money as the broker will allow you to put into the account.

Any one who tries to overleverage starting with larger than $10, $50, or $100.. is just asking to waste more money than necessary should s/he NOT be successful.

Think about it

Forex is not a scam .and no one can manipulate price and run with it simply lets think of it OK i want to take that trader stop loss i will move market OK i will buy all the way up 10 million 20 million 30 million 40 million and so on .you will be ending buying a billion or more may be to move the market you should buy all market presenting orders until you hit that man stop loss OK i will do it no problem i still want that man money OK after you hit his stop loss or make him a margin call take his hard earning money you will need to sell all the quantity you bought for a good price and you can not do so you will be limited with market demand so you can end with a big lose .you got the idea .
but some times a level that have heavy stop loss traders can be targeted easily because they have supply there for there demand which will be counter the traders original position it should be also a level of break out for new buyers so they can sell all the quantity they bough in a splash .and banks and big hedge funds knows those level very well and you can know them by paid services like e-signal .
what we get from this . little movement for 50 - 100 pips can happen normally but it is explained too you better choose your entry point very well no one will manipulate the market if he think he can not run away with it and if he can run away with it then you are in the wrong side for sure .
all have a nice day

but to give you the truth every bank and hedge fund that trade this market are using high intelligent people and super trading programs (high capability computers )and every move is counted any order that is placed in major brokers books is in there calculation not to lose . so at the end most probable we will end losing there hard earned money .so you better have a strong reason to trade this market it is the most difficult and dangerous market in the world up to now .
i was thinking of creating such a system a system that never lose just win count any move any tick and order and possibility it is an art that why i am still holding my self simply i am amazed with this market

If you think Forex is a legal scam, casino and lottery is even a bigger one.

Play these four games, I agree with the thread-starter, more like a fraud to me, but hey, if we want to trade we're stuck with this retail s***

MouseTrap: place mouse on Buy (or Sell) button and observe it freeze and pull back, likely computer reading platform before mouse clicked.

Cat'nMouse: demo chase bid-ask with trades, observe reverse, reverse, reverse, 1m or 5m but all TF, likely programmed to move away from order.

Clone: FreeStockCharts, observe settings comparison any two or three things move together correlated, likely everything one centralized market.

LiveWire: Observe, Live accounts require signed agreement the broker is trading against the account. Demos likely have looser slots.

At one time, i think it may have been real markets with human manipulation, now likely one big computerized Game, and I don't think of it as newbies, I think of it as Outsiders and Insiders. Most of us are outsiders. Likely 95% or more of us are outsiders. An example of an insider, a wizard admits it's all about "relationships" and was making phone calls during the interview. Insiders have special exclusive access to non-public networks, capital, and information. Insiders include salesmen, affiliates, agents, brokers, and top-100 lists.

I believe both philosophies have good points to prove, I personally think the Forex market is a big business anyone can exploit, but of course being a retail customer makes it all less than ideal or fair, sure the big players have many more advantages and there are some reports of the tricks dishonest brokers apply, but hey! this is a profitable business for the experienced trader just because of the herds of unprofitable ones, do not despair and keep learning and progressing, do your own due diligence before signing a contract and play it smart!

... the forex market is a big business anyone can exploit ... but hey! this is a profitable business for the experienced trader

And who's that? Show me a real balance sheet of an outsider trading a profitable live account from their home computer making their own individual algorithm-based decisions and using stoplosses or at least stop-alerts.


Yeah, play it smart, it's called accountability

Hey,

Markets are very manipulated i agree.. Never ever listen to media.. The media is funded by banks and banks make money from traders losing so use media advice sparingly..

Just follow the charts and the moves.. ( technicals )

Can I ask do you trade the Daily and Weekly time frame..? It is easy to get chopped out any lower frame hey.. Have a look at what the most successful traders out there as well, not saying you don't trade these time frames, I do and have no trouble trading however if i go any lower the chance of being a successful trader is less likely.. I don't know how anyone is successful trading the 5 minute as an example.. Completely crazy.. But i guess some do..

In fact i reckon almost impossible however that may just be my opinion there.. My way of the market, everyone is different.. Remember we get from the market what we expect.. From the weekly i expect over 500 pips per trade.. A person that trades the 5 minute surely does not expect similar, same as many that keep telling themselves the market does not work, it will tend to not work in that way as well.. Partly or fully psychological..

As an example trade just opposing engulfing's on weekly has around a 80% success, so simple but works, removes the noise.. Just wanted to throw some ideas out there for you..

By the way i went many years in a love hate relationship with Forex, switching to daily and weekly time frames is the aspect that saved me completely.. Never looked back after..

Regards,

Exactly

Also people don't realize that trading is actually harder for banks because they have to deal with slippage if they load up too much at once. That's why markets go through consolidation zones, testing new support levels over and over before breaking out. It has to be done this way or big players couldn't close their positions and re-enter new ones at good levels when the reversal is going to happen.

The only two things I know of that are inevitable in any financial market is the consolidation and the breakout.

The trader that does not incur slippage on their order has the edge over the one who does (but obviously that is no retail trader, so the retail trader has the edge in that department)

Thanks for the laughs, something that needed to be stated out loud and as to the forex scam theory, sure if you think the moon landing never took place, guess one more conspiracy cannot hurt..
Back to trading..

... some [of] us have leaned how [the] real market works and profit from it... I have also operate with many Brokers... I still operate with 6 of them

Okay Juero you said it now prove it, just post your live balance sheet, it takes about ten minutes, otherwise we are left wondering about You what you mean by operate with many brokers and what you mean by some of us when ninety-five percent of retail forex traders lose money. The problem with the markets in general has always been accountability (with books, courses, mentors), so rather than hurling defensive insults at people you don't know, a culture of transparency would save all traders time, energy, and money and not just for some of us.

All four games above are objective observable facts by everybody. Nobody can argue with facts.

Forexnuts and Jeuro can learn something new. A conspiracy theory and truth based on facts are two opposite concepts. A conspiracy theory is simply asking a question, not negative at all, and may precede looking for answers by gathering facts, facts that are observable by everybody lead to truths, this elementary trade-game psychology is used in chess matches, olympic judo, political campaigns, and futures trading. Truths form the foundation for successful trade risk management: manage the risk not the reward.

"Operate" just means "trade" or having accounts with many brokers.
I never mentioned anything related to percentile of winners or loser... By "us" I meant traders that trade for a living.

The "Market" has no problems... the market is the market. People have problems. People are accountable to people.
As I work for myself, and I don't teach anything, nor sell anything I am accountable only to my family.
As far as what I post here I stand for everything I post. If someone takes it and do something with it is fine.
My main goal is to shorten the leaning curve to some and avoid detours in learning. Any type of myths or conspiracy
theories takes "possible" trader away from a good path.

I have no idea what is the percentage of traders that win or loss. But is up to you to be a winner or loser.
It seems you are waiting for someone to "show" you that is making real money... and next probably want to know "how"..right?

I mean... even if you believe a 5% wins ... that already should be enough to motivate you to learn how the real market works.

The forex market is not a scam, it is just a market where million of people exchange one currency for another. It is that simple.
Have you ever hear of anyone in international business, export, imports, travelers or any one claiming scam??? In Total
they change more then we speculator do. The fact is that wanabe traders jump into the wagon not having a clue about the market
and is easy to blame the market, the brokers and everybody else for their lack of knowledge and comun sense.

Of course "Theory" is different from "true" . A theory need to be proven, "True" sometimes is the outcome of a proven theory. If you believe If the 4 games are "facts" and "true", you should "trade" them. Or makes strategies around them. Why you see only the 1/2 empty part of the glass. For example.. if you believe as "fact" that is programmed to move away from your order, just have a friend to trade the opposite direction with a bigger lot with another Broker...Based in "fact", makes it 100% a sure win....right?

J.

If done correctly Forex trading can be very profiable.

If done correctly Forex trading can be very profitable.

how many times has this conversation been on a forum lol

And the fun never stops..
BTW, the market is not a scam..but hey, feel free to point out why we are wrong and hope you'll support your arguments with evidence rather than P.O.Vs

Forex is not scam, then you could say same for equities not adays.

However, IT ALL DEPENDS on the BROKERAGE. Many FX BROKERS ARE SCAM

For sure it will never stop

A scam = the receiver of your invest takes your funds and put them in his pocket ... in any case.

Forex = at worse, you loose your money because you made wrong trading choice.