Forex = legal scam -
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thread: Forex = legal scam

  1. #11
    Junior Member Fredyro1's Avatar
    12
    quote Ah yes perfect. I forgot to bring those assert that trading isn't an easy business people to my list. Business ... BWAAAAHAHAHAHA Appearance, a company is a largely predictable environment. You open a business as you've got something to market others for a profit, may it be products or services. As a company owner you understand from your research and experiences which if you're doing so and that you either lose or gain customers. A company has many facets that you can influence, either by customer studies, better advertising,...
    rofl what A moron evaluation. That's why you morons can not trade. I don't provoke anyone to do FX and who told you I've just two accounts? Try to be in subject . If FX is gamble to you stay away. Stop your **cking ADVICE .
    * YOU are Blind Asshole too. Its less than one year performance.

  2. #12
    quote So you here to advise individuals voluntarily to staying away from markets. See no business is easy and trading isn't simple business in any way. This business NOT for all.
    Ah yes perfect. I forgot to bring those assert that trading isn't an easy business people to my listing. Company ... BWAAAAHAHAHAHA

    Appearance, a business is a mostly predictable atmosphere. You start a business as you've got something to market other people for a profit, may it be goods or services. As a business owner you know from your research and experiences that if you are doing this and that you either lose or gain customers. A business has many aspects which you can influence, either by customer surveys, better advertising, placement, etc..

    Trading is nothing like a business. Do not get fooled since you Sell or Buy some thing. You can not predict what happens at the next minute, no matter to talk of days, weeks or months. You can not advertise, you can not alter your prices, you can not conduct customer surveys, you can not position yourself better, etc.. There's not any cause and consequence: Should I change this, then that can alter aswell. In trading, all you can do is trust your gaming predictions are becoming fullfilled.

    From the profile I see you claim to have made ~$7000 profit in two decades, right? Thats laughable, sorry. No business could reside from $3500 / year, if you don't reside in a 3rd world nation. I make more and that per month together with my actual business as my so called job in basically 0% risk. You're simply lieing to yourself aswell. Period.

    Folks like You're disgusting. You're trying to fool other people to put confidence into this gaming pit and toss them into the sharks. Fantastic job, really.

  3. #13
    Junior Member angelzarco's Avatar
    27
    Legaly is not a scam as long as the brokers play inside regulations. From a moral point of view is a scam because the brokers understands that earlier ar after 90% (let's say 90%) will lose their money on the long run.
    Within this case lotto additionally qualifies as scam too.

    In this event every super market which reductions for volume (such as Cosco) is scam too, because they know you don't need to buy too much, you will not eat all that and throw half of this food off.

    Hell, central banks are scam too, when they, through child institutions encourage you to take as much debt as possible and spend on peak of the cycle, simply to engineer down cycle couple years after, print out trillions from thin air and transfer your profits in kind of hard assets in their vaults for some worthless pieces of paper.

  4. #14
    From a moral point of view is a scam because the brokers knows that earlier ar later 90 percent (let us say 90 percent) will lose their cash over the very long term.
    From a moral point of view casino is a scam because the casinos know earlier ar later 99 percent (let us say 99 percent) will lose their cash over the very long term.

    So in other words, brokers or casinos really don't care for us losing money ... and - so far - all that legally

  5. #15
    Junior Member jttelumu's Avatar
    18
    Legaly is not a scam provided that the brokers play inside regulations. From a moral standpoint is a scam because the brokers understands that earlier ar later 90% (let's say 90%) will lose their cash on the very long term.
    Money can be made, no doubt, but not with small accounts, you need a huge account and you have to trade small and if you do not trade regular.
    You may trade without SL should you employ a sifistied money management egy including hedging.

  6. #16
    Junior Member Fredyro1's Avatar
    12
    I Concur with OP. Trading is a losers game. It is gaming that is absolute but it gives you a sense of getting some control and choice. Of course the majority of people you meet claim to earn money and all, but ultimately if you dig deep enough you find out these people are ... 1) (nevertheless) trading demonion 2) trading with no SL and also have alot of negative positions open since more than a year, but nevertheless believe themselfs successful 3) are naive in ways where they see themselfs as the problem and believe they could improve if they simply hang on long 4)...
    So you here to counsel people voluntarily to staying far from markets. Watch no business is simple and trading is not simple business. This business NOT for everybody.

  7. #17
    OP and I agree. Trading is a losers game. It's absolute gambling but it gives you a sense of getting some control and choice.

    Of course the majority of people that you meet claim to make money and all, but in the end if you dig deep enough that you find out these people are either ...

    1) (still) trading demonion
    two) trading without SL and also have alot of negative positions open because more than a year, but still consider themselfs effective
    3) are innocent in a sense where they see themselfs as the issue and think they could improve if they simply hang on long enough
    4) just do not earn any profit whatsoever and are just liars and bullsh*tting themselfs.

    I have met someone who really made $100k from $1k in 3 months, but dropped everything on the next big news. Now he is (still) trying to get that back. Or others claiming they make 4% weekly, but after 2-3 months you do not see them anymore in the trading area.
    Or others becoming excited because they found another EA that works flawlessly in backtesting, but fails big time around the real market and blow a $1000 account in just 26 hours.

    Trading is a scammers paradise. The only people making money from trading are the Brokers, Banks, some statistical winners here and there and of course the army of Snake oil sellers.

    Even hardcore wallstreet veterans, who exchanged everyday in the pit for more than 20 decades, call the conditions nowaday rigged and manipulated. Maybe trading was distinct 20-30 decades ago, when everything moved a slower pace and you did not possess the HFT industry resulting in a war about micro- and nanoseconds.

    But now it is just a big joke and let alone the infamous 90% winners figures speaks for itself.

    Seriously, everybody reading this should place their time, energy and money elsewhere. But stay away from Forex and other markets.

  8. #18
    Ive been trading for 2 decades now,and I could only state that forex is manipulated legal scam there's going.I have seen my share of events in forex that many would scratch their heads,but recent occasion where crude oil dropped more then 11billion in 5 times beats every thing in market manipulation,and no I didn't exchange crude or brent when this happened.I keep coming to forex with various approaches ,egies,but in the end its central banks and government who decide which direction euro goes,what devalues,and what profits,over to decades I left...
    Similar to gambling websites. That is why they spend enormous amounts on advertising because competition is extremely high there. The higher is competition .
    No wonder we see so much bucketshops there trying to bite a chunk from this pie

  9. #19
    Member Ahora's Avatar
    54
    Consider FX trading for a sport.

    Don't expect to be as good as Kobe shortly after you graduated from basketball college even when Kobe himself edued you. You may hit a few and you'll miss a few. The further you look for logic in trading, the more you lose not only your money but your mind as well both figuratively and in some cases, literally. You will NEVER know when markets move and why. All you could do is ride the price. Attempt to cut the noise. News could lie, people can lie, but the price will never lie.

  10. #20
    Junior Member RocoJove's Avatar
    23
    We are the small traders (at list me), of course that the market is manipulated but at a much higher level than me and you, you can even gain from those manipulations if you understand it. The big investment houses and bank are controlling the entire financial market, as a small fish in a big ocean - I try to gain from some manipulation. In regards to getting money, I think you ought to take a course or two and construct a true egy, and for sure dont change your egy every month or two, it takes some time to test it and to comprehend whether its good for you.

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