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Who is making profit in the forex market?

  • #141
  • Sep 15, 2015 1:12am Sep 15, 2015 1:12am
why is this thread still going on? SO much negative BS? https://www.myfxbook.com/members/hec...profit/1366516
All posts are my personal opinion
  • #142
  • Sep 15, 2015 1:15am Sep 15, 2015 1:15am
If house always win and can generate much profit fast, why fxcm share price below $1???
  • #143
  • Sep 15, 2015 1:19am Sep 15, 2015 1:19am
Quoting jampang
If house always win and can generate much profit fast, why fxcm share price below $1???
Your point being? A company's share price is determined by a variety of factors and also a company is not representative of an entire industry nor is it indicative of all the other companies in the same industry.
Make your losses in demo. Earn your profits live.
  • #144
  • Sep 15, 2015 3:20am Sep 15, 2015 3:20am
Quoting Rtm
why is this thread still going on? SO much negative BS? https://www.myfxbook.com/members/hec...profit/1366516
Bravo! Now that is actual trading. Would like to hear @Forexia explain this kind of "manipulation"
  • #145
  • Edited 4:17am Sep 15, 2015 4:04am | Edited 4:17am
Quoting merquise
{quote} Bravo! Now that is actual trading. Would like to hear @Forexia explain this kind of "manipulation"
I am happy for the stellar trading result achieved by my fellow trader, I REALLY am especially when trading with a broker that is rated 2.9/5 on myfxbook.com with FOURTEEN pages of comments like delayed execution, absolute refusal or delayed in fulfilling profit withdraw requests and extreme server latency even through VPS, registered in St. Vincent Grenadines and completely non-regulated. LOL

http://www.myfxbook.com/reviews/brokers/gainsy/648589,1

Nice going! LOL
Make your losses in demo. Earn your profits live.
  • #146
  • Sep 15, 2015 4:09am Sep 15, 2015 4:09am
It says Gainsy on that myfxbook page...don't see that as a prime broker
  • #147
  • Sep 15, 2015 4:17am Sep 15, 2015 4:17am
Quoting merquise
It says Gainsy on that myfxbook page...don't see that as a prime broker
Yes I noticed that hence my revised comment. And thanks for giving me the opportunity to showcase Gainsy, the scam broker and let people know to stay away from it.
Make your losses in demo. Earn your profits live.
  • #148
  • Sep 15, 2015 4:27am Sep 15, 2015 4:27am
Quoting Atokys
{quote} There are some brokers who explicitly state that they don't follow such practices. Why not use them instead?
Your still around.. and still telling every one what to do ..i see.. MMM
  • #149
  • Sep 15, 2015 5:15am Sep 15, 2015 5:15am
Quoting Forexia
{quote} Yes I noticed that hence my revised comment. And thanks for giving me the opportunity to showcase Gainsy, the scam broker and let people know to stay away from it.
That proves 2 things: 1) Either those comments are misleading, and just prove that bad traders cure their frustrations through making things up or not understanding how things work

2) @Rtm is working for them and has a goal to mislead everyone on the Internet

On the other note as you, I and everyone else can see that even the un-regulated brokers can be normal. Although I don't recommend anyone to trade with them.
  • #150
  • Sep 15, 2015 5:36am Sep 15, 2015 5:36am
Quoting Rtm
why is this thread still going on? SO much negative BS? https://www.myfxbook.com/members/hec...profit/1366516
Quite impressive! Interesting, too. He's trading relatively big positions with a dodgy broker, according to the information of some experienced forex factory whiners that shouldn't be possible nor allowed (clearly more than 5 lots, not a prime broker, probably MT4).
  • #151
  • Sep 15, 2015 6:10am Sep 15, 2015 6:10am
Quoting JensG
{quote} Quite impressive! Interesting, too. He's trading relatively big positions with a dodgy broker
Dodgy broker - your words not mine. Thanks for confirming.
Make your losses in demo. Earn your profits live.
  • #152
  • Sep 15, 2015 6:18am Sep 15, 2015 6:18am
Quoting JensG
{quote} Quite impressive! Interesting, too. He's trading relatively big positions with a dodgy broker, according to the information of some experienced forex factory whiners that shouldn't be possible nor allowed (clearly more than 5 lots, not a prime broker, probably MT4).
Yes, only looking at facts. Not just word of mouth. Or some third party website where anyone can post anything
All posts are my personal opinion
  • #153
  • Sep 15, 2015 6:26am Sep 15, 2015 6:26am
Quoting merquise
{quote} That proves 2 things: 1) Either those comments are misleading, and just prove that bad traders cure their frustrations through making things up or not understanding how things work 2) @Rtm is working for them and has a goal to mislead everyone on the Internet On the other note as you, I and everyone else can see that even the un-regulated brokers can be normal. Although I don't recommend anyone to trade with them.
Well as long as you understand that brokers like Gainsy is NOT to be recommended for anybody to trade with for good reasons that you and I both know are true although you might be too scared to admit.

And of course it just makes it even more interesting that (assuming they are true) somebody would be willing to put $100K deposit with such a broker that you wouldn't even recommend anybody to trade with and make consistent several hundred K's profit! LOL
Make your losses in demo. Earn your profits live.
  • #154
  • Sep 15, 2015 6:28am Sep 15, 2015 6:28am
Quoting Rtm
{quote} Yes, only looking at facts. Not just word of mouth. Or some third party website where anyone can post anything
Third-party website? Like myfxbook.com? LOL
Make your losses in demo. Earn your profits live.
  • #155
  • Sep 15, 2015 6:32am Sep 15, 2015 6:32am
Quoting danc
{quote} Your still around.. and still telling every one what to do ..i see.. MMM
Looks like I have a fan.
  • #156
  • Sep 15, 2015 7:08am Sep 15, 2015 7:08am
Quoting Rtm
why is this thread still going on? SO much negative BS? https://www.myfxbook.com/members/hec...profit/1366516
its interesting to notice that all those huge gainers always happen on shady unknown brokers.

i'v never seen such gains on any reputable well known broker like IB, Alpari UK (RIP) , MB trading, Oanda, Papper, .... etc

either those unknown brokers happens to attract the best traders in the world, or it could be that the broker themselves are simply faking it to gain publicity.
i lose money for a living
  • #157
  • Sep 15, 2015 7:29am Sep 15, 2015 7:29am
Quoting tylerbose
{quote} its interesting to notice that all those huge gainers always happen on shady unknown brokers. i'v never seen such gains on any reputable well known broker like IB, Alpari UK (RIP) , MB trading, Oanda, Papper, .... etc either those unknown brokers happens to attract the best traders in the world, or it could be that the broker themselves are simply faking it to gain publicity.
Might be a wild guess, but I presume that those brokers will offer you a 500:1 leverage on a 1 000$ account as well as on a 100 000$ account therefore your margin req will be lower and you could trade bigger lot number. Also notice that he had positions of up to 100 lots which are capped to 50 lots on all majors at some other brokers.
  • #158
  • Sep 15, 2015 7:39am Sep 15, 2015 7:39am
Quoting merquise
{quote} Might be a wild guess, but I presume that those brokers will offer you a 500:1 leverage on a 1 000$ account as well as on a 100 000$ account therefore your margin req will be lower and you could trade bigger lot number. Also notice that he had positions of up to 100 lots which are capped to 50 lots on all majors at some other brokers.
LOL Yes somebody who has $100K to deposit will trade with a broker that's registered in St. Vincent in Grenadines and is unregulated by any regulatory body instead of with more reputable brokers or even as an institutional trader with prime brokers.
Make your losses in demo. Earn your profits live.
  • #159
  • Sep 15, 2015 7:41am Sep 15, 2015 7:41am
Quoting Forexia
{quote} LOL Yes somebody who has $100K to deposit will trade with a broker that's registered in St. Vincent in Grenadines and is unregulated by any regulatory body instead of with more reputable brokers or even as an institutional trader with prime brokers.
Frankly I don't see why not.. His money, his business.. Might be that his goals are different than yours or mine.. Anyway the guy showed that the money can be made if you know how..
  • #160
  • Edited 8:05am Sep 15, 2015 7:44am | Edited 8:05am
Quoting tylerbose
{quote} its interesting to notice that all those huge gainers always happen on shady unknown brokers. i'v never seen such gains on any reputable well known broker like IB, Alpari UK (RIP) , MB trading, Oanda, Papper,
Yes it is interesting, isn't it?

Quoting tylerbose
{quote}.... etc either those unknown brokers happens to attract the best traders in the world, or it could be that the broker themselves are simply faking it to gain publicity.
And you and I both know which scenario is more likely the case. It's an eye-opener though to see how much those scam brokers can actually make per month and in a year. And mind you these profit were what is fleeced from us traders. Imagine how much we retail traders would be making if we actually dealt with brokers that don't fleece us.

What's even more ridiculous is somebody like Rtm who posts fake trading results like that is actually rated a "top 2% impact member" here on FF.
Make your losses in demo. Earn your profits live.
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