Forex 'masters' get rich from your commission, not from trading forex

[GOD IS MY DOG]

Lose money, call it a trap. Win money keep all to himself.........KNN

that's why...............

 

[Jah_rastafar_I]

seems like going up, but not much...it takes time, we shall see...:o

Did you trade the usdjpy?

Such an obvious trend.

 

[krafty]

i jumped in on friday after the news release on BOJ expanding their stimulus and made my 100pips.


my question is i doubt you can know how far it will go...

Did you trade the usdjpy?




Such an obvious trend.

 

[krafty]

just a reminder to those who are keen to do forex, ignore those proclaimed masters. you can borrow books and study yourself. if you are not at ease with your own, there are plenty of youtube or free webinars on forex available, ask your questions in forum and use a demo for start. until you are really, comfortable, then play with real money. remember the rules, dun expect to get rich with forex or shares trading. getting by is possible.

[h=1]DEAR TRS, FOREX 'MASTERS' GET RICH FROM YOUR COMMISSION, NOT FROM TRADING FOREX[/h]
<!-- /.block --> <style>.node-article .field-name-link-line-above-tags{float: right;}.node-article .field-name-ad-box-in-article {float: left;margin: 15px 15px 10px 0;}.node-article .field-tags{clear: both;}</style> Post date:
1 Nov 2014 - 8:42am

 

[Narong Wongwan]

Long time ago I dabbled in forex and it was like what you have mentioned able. After all these years is it still like that? How about Philip Securities, are they the same?

After all these years the incompetent pap govt still could not clear out the bucket shops.
From many years already scammers were running commodities and forex bucket shops....

 

[chootchiew]

Nothing is safer then keeping your dollars in ovaltine also nobody can earn anything from you.

 

[Jah_rastafar_I]

i jumped in on friday after the news release on BOJ expanding their stimulus and made my 100pips.


my question is i doubt you can know how far it will go...

wtf do you mean by you doubt i know how far it will go?

You damn funny wait till i posted this pic the 2nd time might i add before you claim that you "jumped" in.

Yeah right. You didn't even know about this move. Saw me post the pic went DOH! then made up shit that you jumped in with 100 pips.

Too bad you missed this run but there's always next week.

 

[Jah_rastafar_I]

seems like going up, but not much...it takes time, we shall see...:o

wah you load your chart with so many indicators.

Stoch, rsi, parabolic sar, 4 MAs.

Power la sure you can tell where it will move.

 

[Jah_rastafar_I]

it doesnt matter whether or not the thing goes to zero,if u make more losing trades than winning ones u are still a loser no?even if the losing trades is just $10,u just have to lose a little more than u win.when they say 90% of people who go into trading are losers in means 9 out of 10 will be losers thats the law of averages,thats the law of probabilities....doesnt matter what goddam thing they trade.just take any random person on this earth and the chance they will be a failure is 90%.90 to 95% trading industry?just one big fucking scam to scam the public.the only problem is everybody thinks they the 5 or 10% that are winners.to these people i ask them where is the proof?show me the history of all ur trades and the tally of all ur winnings and losses and commissions paid...show me u have a proven record....the sample size must be large enough at least 1 year of trading and at least 500 trades made......if u can even breakeven after all the commissions,500 trades thats $5000 to $10,000 in commissions in one year,ill kowtow and call u a pro.

iv seen really really smart people on forums,who can talk all kinds of theory technical or market analysis and read and study tons of books,but at the end of the day they still tell me they are struggling after 1 and half years.

You ever heard of ppl that make profits even though they have 60% losses or correct just 30% of their trades?

Have you heard of ppl losing everything in just 1 loss even though they had 10 wins earlier?

 

[johnny333]

it doesnt matter whether or not the thing goes to zero,if u make more losing trades than winning ones u are still a loser no?even if the losing trades is just $10,u just have to lose a little more than u win.when they say 90% of people who go into trading are losers in means 9 out of 10 will be losers thats the law of averages,thats the law of probabilities....doesnt matter what goddam thing they trade.just take any random person on this earth and the chance they will be a failure is 90%.90 to 95% trading industry?....

Every time I see a discussion about FOREX I shake my head because from personal experience I have lost lots of $$$$:(

Some people can put out persuasive arguments about how easy it easy Well take it from me that it is not easy. Some people have to find out for themselves that there are no easy way to make $. I have also tried joining high return investment schemes where a supposedly experienced trader would do the forex trading & share the profits. Many of them do not survive.

I have also paid to follow an experienced trader do his trading activities & tried to mirror the trades. It wasn't successful because he was using a different brokerage firm & I could never duplicate his performance

You often hear of someone being successful in forex but personally I don't know anyone who's been successful. The people I know who have tried have given up. I am no financial genius but I have only made some money from investing in shares in the US market. I have owned most of the major tech companies at some point of time: CISCO, IBM, DELL, APPLE, HP, Lucent, ....

If I had $ I would look into investing in ETFs. You might not make plenty of $ but it is a safer way to invest. However keep in mind to only use money that you can afford to lose

 

[Narong Wongwan]

I agree its not easy to make money.....there's no easy money unless you are a vile miw.
But there are quite a few successful ones out there.....simex local traders are such examples

 

[krafty]

you will have no idea how much higher it will go... you should have seen my last post on another thread when you popped the question.

wtf do you mean by you doubt i know how far it will go?

You damn funny wait till i posted this pic the 2nd time might i add before you claim that you "jumped" in.

Yeah right. You didn't even know about this move. Saw me post the pic went DOH! then made up shit that you jumped in with 100 pips.

Too bad you missed this run but there's always next week.

 

[krafty]

element of luck and intuition is also important in trading. be a contrary trader, i have also asked the question whether forex can touch or not, the answer is only the top 5 to 10% can make money, the rest are just paying school fees. i myself have copied trades from a guru from india, i have his stats since he started trading and saw that it is in the +ve zone, have lose a bit but overall still positive.

Every time I see a discussion about FOREX I shake my head because from personal experience I have lost lots of $$$$:(

Some people can put out persuasive arguments about how easy it easy Well take it from me that it is not easy. Some people have to find out for themselves that there are no easy way to make $. I have also tried joining high return investment schemes where a supposedly experienced trader would do the forex trading & share the profits. Many of them do not survive.

I have also paid to follow an experienced trader do his trading activities & tried to mirror the trades. It wasn't successful because he was using a different brokerage firm & I could never duplicate his performance

You often hear of someone being successful in forex but personally I don't know anyone who's been successful. The people I know who have tried have given up. I am no financial genius but I have only made some money from investing in shares in the US market. I have owned most of the major tech companies at some point of time: CISCO, IBM, DELL, APPLE, HP, Lucent, ....

If I had $ I would look into investing in ETFs. You might not make plenty of $ but it is a safer way to invest. However keep in mind to only use money that you can afford to lose

 

[GOD IS MY DOG]

Every time I see a discussion about FOREX I shake my head because from personal experience I have lost lots of $$$$:(

Some people can put out persuasive arguments about how easy it easy Well take it from me that it is not easy. Some people have to find out for themselves that there are no easy way to make $. I have also tried joining high return investment schemes where a supposedly experienced trader would do the forex trading & share the profits. Many of them do not survive.

I have also paid to follow an experienced trader do his trading activities & tried to mirror the trades. It wasn't successful because he was using a different brokerage firm & I could never duplicate his performance

You often hear of someone being successful in forex but personally I don't know anyone who's been successful. The people I know who have tried have given up. I am no financial genius but I have only made some money from investing in shares in the US market. I have owned most of the major tech companies at some point of time: CISCO, IBM, DELL, APPLE, HP, Lucent, ....

If I had $ I would look into investing in ETFs. You might not make plenty of $ but it is a safer way to invest. However keep in mind to only use money that you can afford to lose

speaking of mirror-trade, how's e-toro or zulutrade or currensee ?

 

[krafty]

whoa jueh?:o

Every time I see a discussion about FOREX I shake my head because from personal experience I have lost lots of $$$$:(

 

[Jah_rastafar_I]

you will have no idea how much higher it will go... you should have seen my last post on another thread when you popped the question.

No need to state the obvious. Seems you jealous i spotted that trend. Eur shot down quite a lot this week too fyi.

 

[krafty]

i never jealous lah...what makes you think i jealous...i already know you are still inexperienced in forex from the way you post.

No need to state the obvious. Seems you jealous i spotted that trend. Eur shot down quite a lot this week too fyi.