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Is Forex reliable?

  • #101
  • Apr 29, 2014 6:17am Apr 29, 2014 6:17am
Quoting jpctop
Hello, provider fxmaster.net signal is really serious? There are clients who can give me real a review? thank you
I can't recall any other signal service that has been around since 2004 except this one. They are good and they post real results. The performance shows months with successive losses and they don't hide them. However, it's not easy to trade their signals and you need to be careful with the size of your trades and on the long run, you will be make nice profits.
  • #102
  • Apr 29, 2014 6:42am Apr 29, 2014 6:42am
Quoting ElComandante
I have heard many rumors about Forex that Forex is not reliable and Forex is a risky business and you can loss all your money. So I am very confused about Forex so plz help me and tell me Is Forex reliable or not?
Forex is like let's say a "business", whether is reliable or not depends solely on you... In my opinion they can give you a well established company and you could still bring it to ruins (I know I could )... So you + Forex should be a "reliable combination" and to get there you start with practicing
  • #103
  • Apr 29, 2014 1:47pm Apr 29, 2014 1:47pm
I guess it all comes down to individual perceptions..if you are a successful trader, forex is reliable - if you are not one, naturally forex becomes unreliable..
  • #104
  • May 9, 2014 8:47am May 9, 2014 8:47am
Forex is not 100% reliable since it rises and falls. Forex is a risky business you either lose or make profit, but most traders lose more than ever expected. Even though it is not reliable, it is still all fun.
  • #105
  • May 9, 2014 1:51pm May 9, 2014 1:51pm
Of course Forex is reliable to many people I know of. It’s your duty to avoid scams and find a reliable online forex broker. Mostly you should look in to whether the company is located in the US or not, Is registered with National Futures Association or not, Look in to success of past few years of the company, Importantly look if there are any regulatory actions against it.
If these factors are met then forex could be reliable.
  • #106
  • May 9, 2014 5:00pm May 9, 2014 5:00pm
Quoting ElComandante
I have heard many rumors about Forex that Forex is not reliable and Forex is a risky business and you can loss all your money. So I am very confused about Forex so plz help me and tell me Is Forex reliable or not?
ROFL!! Yes your inclination servers you right. Forex "MT4 style" IS very reliable at being a risky investment. The algo on these platforms is programmed to keep you betting, guessing, and looking for the next best thing, while they pocket all your change. So in that sense Forex if VERY reliable, BUT not in the way you may think.
It's me...
  • #107
  • May 12, 2014 2:13pm May 12, 2014 2:13pm
Quoting stuartblack
Of course Forex is reliable to many people I know of. It’s your duty to avoid scams and find a reliable online forex broker. Mostly you should look in to whether the company is located in the US or not, Is registered with National Futures Association or not, Look in to success of past few years of the company, Importantly look if there are any regulatory actions against it. If these factors are met then forex could be reliable.
Not to be pedantic, regulation is not worth the paper it is printed on, the brokers who do get caught with their pants down, get a smack, a small fine and its back to business as usual..
  • #108
  • May 12, 2014 11:01pm May 12, 2014 11:01pm
Quoting stuartblack
Of course Forex is reliable to many people I know of. It’s your duty to avoid scams and find a reliable online forex broker. Mostly you should look in to whether the company is located in the US or not, Is registered with National Futures Association or not, Look in to success of past few years of the company, Importantly look if there are any regulatory actions against it. If these factors are met then forex could be reliable.
Hi Stuartblack,
It seems you are talking about Forex Broker not Forex. Or do you mean that choosing right broker makes forex reliable or not?

Anyway, there should be many parameters to choose a right forex broker. Do anybody help me to provide a list of parameters to chose a right forex broker to trade?

Thanks to all.

Regards.
  • #109
  • May 13, 2014 3:44am May 13, 2014 3:44am
This topic remind me 4-5 years ago when I chat with hanover and ask him why your nick name is hanover. He said well, because I were drunk when registering at ff , so it is mistype.
Flappy Pips - How to keep your hard earn PIPS
  • #110
  • May 15, 2014 5:07am May 15, 2014 5:07am
Very unreliable because:

-overnight they can lower leverage as they did in the USA (from 500 to 50:1)
-they can depress the market any time (making currencies move very little up or down)
-overnight they can come up with some nasty taxes to pay

It's a fact.
  • #111
  • May 15, 2014 2:34pm May 15, 2014 2:34pm
Quoting JacksonPhu
This topic remind me 4-5 years ago when I chat with hanover and ask him why your nick name is hanover. He said well, because I were drunk when registering at ff , so it is mistype.
That begs the question, did hanover ever mention the nick name he wanted sans the typo..just curious
  • #112
  • May 16, 2014 1:11am May 16, 2014 1:11am
It were just his joke I guess he did not have any typo
Flappy Pips - How to keep your hard earn PIPS
  • #113
  • May 16, 2014 3:56am May 16, 2014 3:56am
Forex accounts for approx $5,800,000,000,000 A DAY in trades. I'd say your odds of making something if you're sensible are pretty good.
In life you get 3 types of people, those who can count and those who can't.
  • #114
  • May 16, 2014 4:28am May 16, 2014 4:28am
Quoting ElComandante
I have heard many rumors about Forex that Forex is not reliable and Forex is a risky business and you can loss all your money. So I am very confused about Forex so plz help me and tell me Is Forex reliable or not?
Don't believe anyone who has anything to say about trading the forex - be it good or bad.
and never, ever give anyone or any company any money for any forex related products or services.
  • #115
  • May 16, 2014 4:39am May 16, 2014 4:39am
Quoting Mingary
{quote} Don't believe anyone who has anything to say about trading the forex - be it good or bad. and never, ever give anyone or any company any money for any forex related products or services.
"...and take up stamp collecting and push your head in a bears bum..."

Always a delight to see my friend Mingary adding his little ray of sunshine here on a forum designed to discuss all things forex. If you are ever fortunate enough to stumble upon any form of good news, run it past Mingary and he'll send you back to your dungeon.
In life you get 3 types of people, those who can count and those who can't.
  • #116
  • May 16, 2014 4:46am May 16, 2014 4:46am
Quoting HedgePiglet
{quote} "...and take up stamp collecting and push your head in a bears bum..." Always a delight to see my friend Mingary adding his little ray of sunshine here on a forum designed to discuss all things forex. If you are ever fortunate enough to stumble upon any form of good news, run it past Mingary and he'll send you back to your dungeon.
Thanks. You illustrate my statement perfectly.
Give me an example of "any form of good news" that relates to trading the forex. I will be happy to deconstruct and sanitize..
  • #117
  • May 16, 2014 4:47am May 16, 2014 4:47am
Nope, Forex is not reliable.

Nothing actually works in a casino based scheme.

Stop losing your time with Get-Rich-Quick SCAMS and go work hard to make money in an actual business that doesn't create Fake Money from Thin Air. There are no shortcuts in this world.

Go produce for your country and make something real to make money.

There is no other way, and anyone telling you otherwise, is nothing more than a CON Artist who wants your money.

Nothing else to add.

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The Black Swan: The Impact of the Highly Improbable
  • #118
  • May 16, 2014 4:50am May 16, 2014 4:50am
Quoting Mingary
{quote} Thanks. You illustrate my statement perfectly. Give me an example of "any form of good news" that relates to trading the forex. I will be happy to deconstruct and sanitize..
I find it funny that none of those PAID Posters working for the Brokers, none of them could take a bet, ever.

My offer was posted almost 1 year ago, and nobody in 10,000 members could take it. Even the guys who claim to make a living in this scheme.

It's pretty obvious why. Those guys are so full of it. Just saying.


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The Black Swan: The Impact of the Highly Improbable
  • #119
  • May 16, 2014 4:59am May 16, 2014 4:59am
Quoting Mingary
{quote} Thanks. You illustrate my statement perfectly. Give me an example of "any form of good news" that relates to trading the forex. I will be happy to deconstruct and sanitize..
Forex is a fickle, edgy, volatile little cow. I happen to agree.
My opinion is my own, as is yours my friend. As is my trading strategy, as is my attitude. I note that both you and your friend MapleLeaf have yet to post something which might even be loosely be interpeted as constructive, but then I guess you have your reasons. You probably trolled a little deep with your last comment back there, suggesting its all vapourware and nobody should read anything ever, never ask a question, never make a statement nor offer an insight. As far as you are concerned, the moment the term 'Forex' is used you default to a terminal freefall of misery. It still amuses me why you spend so much time here spreading misery but then this is a fabulous collective of individuals and its why I enjoy it.

If the question is of reliablity, as in 'is this car reliable' then the answer is a definitive 'no'. You would do better if you want consistency (which is a corollary of reliability) from other instruments.
In life you get 3 types of people, those who can count and those who can't.
  • #120
  • May 16, 2014 5:01am May 16, 2014 5:01am
Quoting MapleLeaf
{quote} PAID Posters working for the Brokers, :
Hi MapleLeaf,
How can we tell if someone is a 'paid' poster? I thought anyone with commercial content was restricted?
In life you get 3 types of people, those who can count and those who can't.
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