Does anyone really make money off of the Forex? - Page 14
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  1. #131
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    Quote Originally Posted by sman1109 View Post
    balp balp

    “You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you.” W.D

  2. #132
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    Quote Originally Posted by sman1109 View Post
    I am living example of a real person, telling you a real story about trading FOREX. All beginners, heed my advice, because it is one hundred percent true and based on my very own experiences.

    I have traded since the swiss bank intervention, which was approximately almost 2 years ago, since then I have lost thousands upon thousands of dollars. Don't get me wrong, I followed the idiotic school here, I know everything there is to know about trading, triangles, trend lines, flags, fundamentals, QE effects on the market, BLAH BLAH BLAH.

    You will lose, when you come here, 90 percent of the people appear like their profiting, in reality maybe 10 percent of the people here actually make a profit, and they leech of the poor guys like ourselves, to make millions of dollars. They are Romney supporters, and we are Obama supporters, and the dodd frank act was the beginning of saving us, for tragedy in the FOREX market.

    To conclude, after 2 years, trading everyday, spending many hours researching this, I am not a dunce I am just like everyone of you, and hope no one here limits my speech, but I am telling all of you the truth, Forex is a scam that benefits the rich, and nothing trickles down to any of us. We will go broke, as I did, I've lost thousands as I've said and NO it wasn't all in one trade, it was the span of HUNDREDS UPON HUNDREDS OF WELL INFORMED TRADES, trading a MICRO account with a minimum of 50 dollars, and I STILL LOST THOUSANDS.

    Please if my speech isn't limited, learn from my mistakes, and don't fall into what their trying to sell you, they are very rich and profit from poor traders who lose their life savings wanting a better life. They are republicans, we are democrats.

    Quote Originally Posted by sman1109 View Post
    This is just crazy!!! Last week I ended the week with a profit after years of doing this and this week almost all my account is gone again!! (pulling hair out).

    For some reason I lost all self control and discipline this week every time I think I figure the market out it pulls me for a loop and I lose money.

    I keep blaming capitalism and the rich snobs who control the market to profit from the little guys like us but its really my fault in the end as I have the choice not to execute trades and sit back, not get greedy and just take little money but its so hard controlling these emotions consistantly so that I can profit regularly and possibly make a living doing this.

    rant end.


    I think the problem is YOU not the government...

  3. #133
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    Quote Originally Posted by sman1109
    I am living example of a real person, telling you a real story about trading FOREX. All beginners, heed my advice, because it is one hundred percent true and based on my very own experiences.

    I have traded since the swiss bank intervention, which was approximately almost 2 years ago, since then I have lost thousands upon thousands of dollars. Don't get me wrong, I followed the idiotic school here, I know everything there is to know about trading, triangles, trend lines, flags, fundamentals, QE effects on the market, BLAH BLAH BLAH.

    You will lose, when you come here, 90 percent of the people appear like their profiting, in reality maybe 10 percent of the people here actually make a profit, and they leech of the poor guys like ourselves, to make millions of dollars. They are Romney supporters, and we are Obama supporters, and the dodd frank act was the beginning of saving us, for tragedy in the FOREX market.

    To conclude, after 2 years, trading everyday, spending many hours researching this, I am not a dunce I am just like everyone of you, and hope no one here limits my speech, but I am telling all of you the truth, Forex is a scam that benefits the rich, and nothing trickles down to any of us. We will go broke, as I did, I've lost thousands as I've said and NO it wasn't all in one trade, it was the span of HUNDREDS UPON HUNDREDS OF WELL INFORMED TRADES, trading a MICRO account with a minimum of 50 dollars, and I STILL LOST THOUSANDS.

    Please if my speech isn't limited, learn from my mistakes, and don't fall into what their trying to sell you, they are very rich and profit from poor traders who lose their life savings wanting a better life. They are republicans, we are democrats.
    Yes, clearly your losses are due to Romney supporters. Obama and Dodd- Frank are there to help you.

    Those evil Republicans.... SMH

    Let's ban the Republicans' Forex racket and return the wealth to the 99%!

    Who's with me??


    In reality, I don't think your losses are Due to Romney or Capitalism... Stop trying to pass the blame and take responsibility for your own actions, Obama and Dodd- Frank aren't going to protect you.
    Last edited by jollygreenfello; 10-20-2012 at 02:56 AM.

  4. #134
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    Quote Originally Posted by sman1109 View Post



    You will lose, when you come here, 90 percent of the people appear like their profiting, in reality maybe 10 percent of the people here actually make a profit, and they leech of the poor guys like ourselves, to make millions of dollars. They are Romney supporters, and we are Obama supporters, and the dodd frank act was the beginning of saving us, for tragedy in the FOREX market.

    To conclude, after 2 years, trading everyday, spending many hours researching this, I am not a dunce I am just like everyone of you, and hope no one here limits my speech, but I am telling all of you the truth, Forex is a scam that benefits the rich, and nothing trickles down to any of us. We will go broke, as I did, I've lost thousands as I've said and NO it wasn't all in one trade, it was the span of HUNDREDS UPON HUNDREDS OF WELL INFORMED TRADES, trading a MICRO account with a minimum of 50 dollars, and I STILL LOST THOUSANDS.

    Please if my speech isn't limited, learn from my mistakes, and don't fall into what their trying to sell you, they are very rich and profit from poor traders who lose their life savings wanting a better life. They are republicans, we are democrats.
    I don't doubt you lost a lot of money. You have been trading for two years, that is a long time, but it may take you up to 7 years to be a good trader. Maybe you need more practice. As for the Democrats and Republicans go, your comment is purely subjective. And as for 10 percent of the traders here who are leeching off of the little guys just starting out with very limited capitol; that can't be true. Because the smart money institutions are the ones who leech off the little traders. Not web sites, unless they are institutional traders also. Or have extremely large funds that would off set the Forex Market in a big way. On the other hand the guys or gals running this web site will tell you that the education they provide here, I know because they told me this, in fact I have a thread here somewhere about this same subject, that the education here like Eliot Wave theory, is not gonna do you any good. It is worthless. Outdated. Now some of the other stuff like triangle formations, trend lines and candlestick interpretation, and this is my view only, probably is worthwhile to learn, especially if your a Trader. Have you tried supply and demand and smart money trading. I believe that is where a trader should devote most of his time. And if you have lost thousands of dollars in Forex, you must be one rich Democrat. He Haw!

  5. #135
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    Quote Originally Posted by Banker928 View Post
    So basically what I am hearing you say is that Obama supporters are losers and are too dimwitted to make it in this business.... And the traders intelligent enough to be successful are also intelligent enough to support Romney....?

    Uhm.... If that's not an endorsement for Romney I haven't seen one hahaha

    Also you are admitting you are too stupid to make decisions for yourself and you need the government to tell you what to do.... Lol

    And how in the world do you lose thousands of dollars trading micro lots ($1,000 contract size).....

    If I were a democrat I would be embarrassed by you.... As it is you are just re-affirming the stereotype that republicans have of your party.
    It's very easy to lose thousands of dollars over the span of 2 years, trading nothing but 50 dollar micro accounts.

    Of course that means using leverage, which the Dodd Frank act, did not go far enough in addressing. I am sure if the law limited the leverage to 10:1, I wouldn't have lost my life savings, over the last two years, learning the FOREX market.

    This site certainly does benefit the wealthy, contrary what the other poster said, many of the newer traders are victims and FOREX is zero sum, which means when one trader loses, another benefits.

    Look at this way, the millionaires, they make money when all the sheep get slaughtered, from reading all these feel good stories here, about how someone made thousands of dollars in one day, trading the AUS/NZD after the down turn.

    In reality, only 1 percent of millions of people, profit. The Government did a study on all the retail brokers that are regulated now, and ACCORDING TO THEIR OWN STATISTICS, 90 percent of retail traders lose, this is taken over the course of several years.

    So long as my speech isn't banned here, this is advice for newer traders, from an honest experience in the minority here.

  6. #136
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    Quote Originally Posted by Banker928 View Post
    Let me ask you this.... Do you honestly think it is impossible for any retail trader to make a full time living doing this.....? Think very carefully before you answer this question
    I am not here to lie, of course after losing mounds of capital, and spending many years, maybe a trader can make a living doing this, and only pay the 14 percent capital gains tax rate, that Romney pays.

    But I referring to 99 percent of FOREX traders, why should they be victims so that just that one percent can have the freedom, or luxury, to make a living at their expense?

    It takes many years, and a lot of capital to learn FOREX, something no one here or anywhere will tell you. But that is the truth, and you know and I both know that. It is thoughts like in your post, which is exactly why need the government to step in, and regulate this market, for the safety of the rest of us.
    Last edited by sman1109; 10-20-2012 at 09:55 PM.

  7. #137
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    Quote Originally Posted by Banker928 View Post
    Ok so it's possible... What that means is that simply you can't do it.

    Plain and simple the incompetence of you and "traders" like you is having a negative impact on me and my ability to make my living as you beg the government to regulate and screw this business up further then what they have..... Your stupidity is actually effecting me.
    You're making money off of me, and most of the traders in the FOREX market like me. You are spending my life savings now, for your luxuries and rent, and if not for the government stepping in when it did, with DODD FRANK, and limiting leverage, you would continue your tyranny on my life.

    So yes, we do need the government to protect us, limit leverage to 10:!, and finally not have to continue to fall for these scams.
    Last edited by sman1109; 10-20-2012 at 10:00 PM.

  8. #138
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    It's pointless Banker to talk to this guy....It's a waste of time..


    Quote Originally Posted by Banker928 View Post
    You are the dumb dumb pouring your life savings WILLFULLY into a market you know nothing about..... You are the pathetic individual who has no clue what he is doing when he hits the "buy" button..... You are offering your money on a platter to anyone who will take it.... If it wasn't the forex market you would find some other retarded way to blow your money.....

    You are insane to keep pouring money into the market after losing the first couple hundred dollars without taking a step back a figuring out what the heck you are doing.....

  9. #139
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    Quote Originally Posted by Banker928 View Post
    You are the dumb dumb pouring your life savings WILLFULLY into a market you know nothing about..... You are the pathetic individual who has no clue what he is doing when he hits the "buy" button..... You are offering your money on a platter to anyone who will take it.... If it wasn't the forex market you would find some other retarded way to blow your money.....

    You are insane to keep pouring money into the market after losing the first couple hundred dollars.....
    Hey that may be true, but according to the government research, that is not only true of me but the majority of FOREX traders.

    That is something not listed anywhere on this site, only the feel good stories to elicit emotional reactions from people, to put their capital at risk for a big pay off.

    So the government has to increase regulations to put a stop to the evil doers, who capitalize on the "incompetent, dumb, or pathetic" traders like myself.

  10. #140
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    Quote Originally Posted by Banker928 View Post
    So people who are smarter, more devoted to their trade, and have more talent then you... Are now "Evil"...??? That is pathetic.....
    Yea, their evil capitalists who exploit us, for their own financial gain.

    I have nothing against FOREX, if I were able to be successful, I would use my money to lobby for stricter rules on the market, so that future traders don't have to face financial ruination, like many of us do now, to the evil manipulations they use to make inexperienced traders lose their money.

    As mentioned before, 50:1 going to 10:1 will help us immensely, when we are risking capital learning the market.
    Last edited by sman1109; 10-20-2012 at 10:13 PM.

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