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I plan to quit forex!

  • #681
  • Mar 20, 2016 2:31pm Mar 20, 2016 2:31pm
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  • #682
  • Mar 20, 2016 4:58pm Mar 20, 2016 4:58pm
Quoting GDR3k
{quote} Ah right. I was targeting 100% instead of the 70. The PA on a friday doesn't behave like it should, I find tuesday, wednesday and thursdays the best days to trade, and not around major news releases on said days and I blame my positions on the friday for not achieving said goal. :nerd: I'll put a Leopard skin man thong on it, that sound ok?
I know, right

I was sitting on fat 15% then opened some to get that sweet 25%. All trades bent into complete trash and I was on 10.6 % by friday.
Als you forgot the rule of fridays.

In soviet russia, friday positions you.
Price-Action Extremist
  • #683
  • Mar 20, 2016 5:34pm Mar 20, 2016 5:34pm
Quoting bagman
{quote} You are exactly the same like Mingary, you lost at this game and are now claiming it has to be a scam because your self-esteem can not bear the fact someone else is not losing. Stop saying random words and adding fact next to it to make it sound real. Also you just told half your life story after your claim of "not needing" forex money to be happy, without anyone asking. The base chance of any blind trade is 50/50. The only 2 things that can happen to the price is it can go up or down. That's it. There is nothing else to...
That's a very aggressive attack. You must be quite precious of your current winning streak and spit venom at anyone who you think may be pissing on your parade. Well hardly much to brag about is it? I never said Forex was a scam. I never said it's impossible to make money or even make a million. Of course it's possible, but that doesn't make it probable especially for naive wannabes like you. To make a million from $100 is highly unlikely. To make a million from 100k is more likely for a competent trader. All I was saying was I don't have the risk appetite. It is bloody risky and I just prefer to invest in less risky ventures. So that makes me a bitter loser......hmmm.
  • #684
  • Mar 20, 2016 6:02pm Mar 20, 2016 6:02pm
Quoting GDR3k
{quote} My very first account was around 100 and I lost over half of that within a few days and wondered what I was doing wrong, I was doing what almost all websites tell you how to trade so maybe that is the problem, to lure in suckers to feed the beast. Think outside the box and ignore all the shit on all websites. For me, the best pairs to trade are GBPJPY, GBPAUD and EURAUD, I studied past price action on most pairs and these 3 came back as the best for my trading style, and because of that I apply the predictable movement from certain areas...
Great observation !
I also used to trade EUR and GBP crosses, because of their ranges. But settled down with EURAUD couple of months ago for the reason that its predictable and less choppy than the rest of the crosses and still provide decent moves for the day.
...
  • #685
  • Mar 20, 2016 6:50pm Mar 20, 2016 6:50pm
Quoting jen101
{quote} That's a very aggressive attack. You must be quite precious of your current winning streak and spit venom at anyone who you think may be pissing on your parade. Well hardly much to brag about is it? I never said Forex was a scam. I never said it's impossible to make money or even make a million. Of course it's possible, but that doesn't make it probable especially for naive wannabes like you. To make a million from $100 is highly unlikely. To make a million from 100k is more likely for a competent trader. All I was saying was I don't have...
You claim forex brokers are openly comitting fraud. Which fits the pattern of a trader deflecting blame for bad decisions. And you call it a "mugs" game. Not sure what a mug is but it does not sound nice.

Quote
I don't ever want to rely on Forex for a living because it is a mugs game.
you would rely on forex like a mofo if it had worked out for you. But it did not so deflect your failure and blame the evil market.
Also to make a million from 100 is possible. Depends on return per time unit. It is just as possible as making 1 million from 900k. Just takes some more time.


You call my argument an aggressive attack? I am very happy with my civilized choice of words when I argue. You dragged the discussion on this niveau with the profanity. Besides you won't find me posting on here blaming others for when I failed.
Price-Action Extremist
  • #686
  • Mar 20, 2016 9:07pm Mar 20, 2016 9:07pm
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  • #687
  • Mar 20, 2016 10:37pm Mar 20, 2016 10:37pm
Quoting jen101
{quote} I have spent a lot of time comparing accounts with different brokers side by side. If you did the same, you would be shocked. There are many ways brokers manipulate: with increasing spreads to take out your SL (especially if you have it at a fairly obvious place, along with many others), but the most shocking of all is that they slow the price, say when it is near your target (if say you have it short of a s/r level). Price may not even reach the s/r level, and remain some distance from it. http://www.forexfactory.com/showthre...48#post8730048...
you are absolutely right. This is true. Also, you fail to mention that they send virus and threat to slow down your computer and frustrate you if they see you are outsmarting them. This is all programmed as a game to make trader lose.
but, having a good system will give you both winning in demo and real accounts. this I have proved. checkout my explorer!
  • #688
  • Mar 20, 2016 10:50pm Mar 20, 2016 10:50pm
Quoting jen101
{quote} I have been watching this argument for a while and I think Mingary has a point. Now before you all shout loser at me, we should stand back at look at the facts. . To make a million from trading, you would have to invest say, over 100k, most probably more. Now that is really stupid! If I am investing 100k, it most certainly won't be in trading Forex. By the way, I am not a loser, or bitter or a troll. I can simply just see the whole picture.
How is investing money to make more money stupid? I don't see any facts here. You apparently have this belief that forex is a losers game, yet you still participate and claim that you can make money from it. Please, im just generally curious because I think currencies is the best of all markets to be in so long as you know what you are doing.
All posts are my personal opinion
  • #689
  • Mar 20, 2016 10:59pm Mar 20, 2016 10:59pm
Quoting accuratefx16
{quote} you are absolutely right. This is true. Also, you fail to mention that they send virus and threat to slow down your computer and frustrate you if they see you are outsmarting them. This is all programmed as a game to make trader lose. but, having a good system will give you both winning in demo and real accounts. this I have proved. checkout my explorer!
Nice demo account there. But what does it prove? Apples and Oranges...

Glad to hear you make a good living trading on your demo account though. Keep up the good work. Perhaps some day just like Pinocchio became a real boy, your demo account will turn into real money!
  • #690
  • Mar 20, 2016 11:22pm Mar 20, 2016 11:22pm
For anyone that doesn't think it is possible for any member of Forex Factory to make a million dollars through trading, I submit to you one R. Campbell (username: "Rolandl33"). Roland has been a member of forex factory since 2006, although he doesn't post anymore. He has been featured in the Millionaire Traders book, written by Kathy Lien & Boris Schlossberg.

This is proof that a "regular guy" can become rich and successful in the business of trading.
"Success is not a fantasy, it's a formula." - MTI
  • #691
  • Mar 20, 2016 11:25pm Mar 20, 2016 11:25pm
Quoting Topgun_1
For anyone that doesn't think it is possible for any member of Forex Factory to make a million dollars through trading, I submit to you one R. Campbell (username: "Rolandl33"). Roland has been a member of forex factory since 2006, although he doesn't post anymore. He has been featured in the Millionaire Traders book, written by Kathy Lien & Boris Schlossberg. This is proof that a "regular guy" can become rich and successful in the business of trading.
Yep, he seems legitimate. Was originally on here trying to flog his website and book. Of someone posted this: "Your website link has a trojan virus. Beware peoples... " And most the guys who defended him in posts have been moved to the commercial section LOL.

Yep, seems legitimate to me.

Im sure he may well have made 100k with Forex. Just not trading. more like selling crap like most people who have success in Forex.
  • #692
  • Mar 21, 2016 12:04am Mar 21, 2016 12:04am
Quoting mrhigurashi
{quote}Im sure he may well have made 100k with Forex. Just not trading. more like selling crap like most people who have success in Forex.
Yet, he was documented in the Millionaire Traders book as making a huge amount of money through trading. You forgot that little fact...
"Success is not a fantasy, it's a formula." - MTI
  • #693
  • Edited 12:21am Mar 21, 2016 12:08am | Edited 12:21am
Quoting Topgun_1
{quote} Yet, he was documented in the Millionaire Traders book as making a huge amount of money through trading. You forgot that little fact...
Ohhh, he was in a book. Well, it must be real. My mistake
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  • #694
  • Mar 21, 2016 12:45am Mar 21, 2016 12:45am
Quoting Topgun_1
For anyone that doesn't think it is possible for any member of Forex Factory to make a million dollars through trading, .......
Rob Booker is also featured in chapter 3 of the same book. Over the years I've tried some of Rob's publicly shared systems and haven't been too successful with them: another example of how "it's not the system, it's the trader", perhaps?
  • #695
  • Mar 21, 2016 2:21am Mar 21, 2016 2:21am
Quoting Topgun_1
For anyone that doesn't think it is possible for any member of Forex Factory to make a million dollars through trading, I submit to you one R. Campbell (username: "Rolandl33"). Roland has been a member of forex factory since 2006, although he doesn't post anymore. He has been featured in the Millionaire Traders book, written by Kathy Lien & Boris Schlossberg. This is proof that a "regular guy" can become rich and successful in the business of trading.
Looks like this one is long gone...
  • #696
  • Edited 3:12am Mar 21, 2016 2:25am | Edited 3:12am
Quoting hanover
{quote} Rob Booker is also featured in chapter 3 of the same book. Over the years I've tried some of Rob's publicly shared systems and haven't been too successful with them: another example of how "it's not the system, it's the trader", perhaps?
Rob booker, like many others, is following the forex business model to some degree of success. It's the only way to make money in the forex

FIND A GIMMICK (that's the hard part, but the good news is that you don't have to show any success in trading)

1) Using good marketing, drive the public to your site
2) grow the membership
3) sell, sell, sell ! (books, software, signals, training ... etc )
  • #697
  • Mar 21, 2016 2:53am Mar 21, 2016 2:53am
Forex is a simple business to succeed in. Its all about supply and demand.

Huge demand of people looking for get rich quick schemes. Now you just need to supply said schemes, you've done it. You can now make money from Forex!
  • #698
  • Mar 21, 2016 4:08am Mar 21, 2016 4:08am
Quoting bagman
{quote} You claim forex brokers are openly comitting fraud. Which fits the pattern of a trader deflecting blame for bad decisions. And you call it a "mugs" game. Not sure what a mug is but it does not sound nice. {quote} you would rely on forex like a mofo if it had worked out for you. But it did not so deflect your failure and blame the evil market. Also to make a million from 100 is possible. Depends on return per time unit. It is just as possible as making 1 million from 900k. Just takes some more time. You call my argument an aggressive attack?...
You seem very insistent that I am seeking revenge because I'm a loser. For the record, I am a woman and I don't suffer from bruised ego issues. I really don't care. If it bothers you that much, I'll join you on the loser's podium, but really I have no problem with winners or losers... I simply said there are an infinite ways to make money in this world and there are much safer and easier ways to do that than trading Forex. There seem to be more sharks in this game than in other businesses I have been involved in.

You should still open your eyes to the fact that there are brokers who manipulate their prices and the evidence is all around you. I have evidence myself, which I have posted. However, now I do have a way to make sure I don't get caught up in all that. But call me a loser if you like; it doesn't change anything.
  • #699
  • Mar 21, 2016 4:21am Mar 21, 2016 4:21am
Quoting jen101
{quote} You seem very insistent that I am seeking revenge because I'm a loser. For the record, I am a woman and I don't suffer from bruised ego issues. I really don't care. If it bothers you that much, I'll join you on the loser's podium, but really I have no problem with winners or losers... I simply said there are an infinite ways to make money in this world and there are much safer and easier ways to do that than trading Forex. There seem to be more sharks in this game than in other businesses I have been involved in. You should still open your...
Yes. No business is safe and you always have to watch your back. The problem with Forex is its done right in front of your nose while the broker is there laughing all the way to the bank. It really does share many similarities with a casino.
  • #700
  • Mar 21, 2016 4:33am Mar 21, 2016 4:33am
Quoting Topgun_1
For anyone that doesn't think it is possible for any member of Forex Factory to make a million dollars through trading, I submit to you one R. Campbell (username: "Rolandl33"). Roland has been a member of forex factory since 2006, although he doesn't post anymore. He has been featured in the Millionaire Traders book, written by Kathy Lien & Boris Schlossberg. This is proof that a "regular guy" can become rich and successful in the business of trading.
Where is the famous Roland Campbell now...? Apparently he is "off the grid" or "fell off Earth"... If you Google his name he is nowhere to be found on the net... For years.

So either he has retired as a rich guy in Thailand or blew his account...
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