Does anyone really make money off of the Forex? - Page 16
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  1. #151
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    Quote Originally Posted by sman1109

    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.
    It is absolutely pathetic that you are blaming Capitalism for your losses and you are calling on the govt to regulate everything to the hilt to make you feel a widdle better. I can't think of a more childish way of coping with your losses

    I suppose if you made money on forex you wouldn't be evil, because you MUST be oh so morally superior to all those other "evil doers"?

    And your calls for more regulations are actually quite funny.., As if the people in govt are any better than people on Wall Street. People are so evil and greedy blah blah blah... So lets put them in govt and give them even more power and control and let them "regulate" everyone. I mean, are you even listening to what you are saying? Perhaps you should delve into what special interest groups lobby for these unconstitutional "regulations" that obviously didn't do a good job at protecting you from your own incompetence..

    More often than not your beloved regulations that are illegally created to regulate those "evil" corporations, are actually written by the largest corporations in the sector that the government is going to regulate. It's called chrony Capitalism.

    Being a politician must be the easiest job in the world. Pass laws, regulations and new rules, most of which are unconstitutional, and then when they all backfire and fail like they did in 2008, blame it on Capitalism, the constitution and lack of regulations... And sure enough people like you buy into that notion.

    And I'm sick of reading all your nonsense about how speculators are evil. In a free economy (no longer the USA) many people act on market incentives individually from one another. This decentralized structure actually keeps the market stable. Speculation is only dangerous when it is based on centralized moved like a new law or Federal Reserve actions that trigger many people to make similar bad decisions at roughly the same time.

    Since you are so eager to live in a more authoritarian society I suggest you book ship and move elsewhere instead of having the govt and the lobbyist bureaucrats forcing this garbage down everybody's throats. Do you ever wonder why regulations cost small businesses 30% more to comply with than large corporations? That's the whole point of regulations... to reduce competition.

    You are not a good trader. That is your fault. It's not my fault, it's not Romney's fault and it certainly isn't the fault of the non existent free market that you so vehemently blame for all of your problems. It's time to grow the heck up and start taking responsibility for you own actions.
    Last edited by jollygreenfello; 10-22-2012 at 02:38 AM.

  2. #152
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    Quote Originally Posted by sman1109

    I don't think you're getting the point.

    Firstly, advocating stop hunting is unethical to say the least, no retail trader can put in an order like that, so that is an unfair luxury of the Rich.

    Secondly, having the freedom to use leverage IS the problem. People have freedoms all the time, and they abuse those freedoms, that is why most of the country is obese, or have some type of disorder.

    It's up to government to regulate those freedoms, to protect us, and MOST new traders may be gamblers, but that is exactly why they have to be protected, with 10 to 1 leverage.

    I am living proof, I have 2 years experience in FOREX, and have lost my life savings. I know the dangers of leverage, but was unfairly manipulated, or tempted, to use it against myself. The government has to put a stop to this, or many more people are going to lose a lot of money, as the majority presently are.

    Many brokers have been audited by the FED, it was found that 9 out of 10 people in the market, have lost tens of thousands of dollars, and are net losers as traders. That says a lot
    Yes the problem is freedom...? Man, c'mon.. You can't be serious. Do you have any idea at what this country was founded upon. Obviously not. You are implying that our corrupt government should regulate absolutely everything. From the dinner plate to the trading realm there is no limit to how they can regulate us.

    Listen, part of living in a free society is responsibility for you actions. If you want to be totally safe, go to prison. Nothing will hurt you there. Oh wait, you want this whole country to be one giant prison where nobody has a free will. Well IMO you should quit complaining and move to a country that reflects your values, such as North Korea. Trust me, you won't have to worry about over leveraging your account or becoming obese there. They have plenty of regulations to protect you.

    And your "noble" role models like Soros, who make billions and then try to kick the door closed behind them so nobody else can come close to them, are actually jerks. Soros has his own agenda when he is lobbying, it certainly isn't the agenda of the Constitution or anybody who aspires to be successful one day. Soros made his billions, now he wants to shut everybody else out. Not because he cares about you, but because he is a lousy character.
    Last edited by jollygreenfello; 10-22-2012 at 02:49 AM.

  3. #153
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    Oct 2011
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    I think you should take time to really study the forex market. When people dream of becoming medical doctors, they go to medical school, when they want to become Lawyers, they go Law school, so if you do want to become a forex trader, please go to a forex school, I recommend you start with Baby pips.

  4. #154
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    Sep 2012
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    155
    Quote Originally Posted by profedu2001 View Post
    I think you should take time to really study the forex market. When people dream of becoming medical doctors, they go to medical school, when they want to become Lawyers, they go Law school, so if you do want to become a forex trader, please go to a forex school, I recommend you start with Baby pips.
    Maybe BabyPips should use this as their new slogan

  5. #155
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    Apr 2011
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    Quote Originally Posted by sman1109 View Post

    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.
    Defeat is not the worst of failures. Not to have tried is the true failure.

  6. #156
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    Courtesy of BabyPips Facebook page about an hour ago.
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  7. #157
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    Quote Originally Posted by jollygreenfello View Post
    Yes the problem is freedom...? Man, c'mon.. You can't be serious. Do you have any idea at what this country was founded upon. Obviously not. You are implying that our corrupt government should regulate absolutely everything. From the dinner plate to the trading realm there is no limit to how they can regulate us.

    Listen, part of living in a free society is responsibility for you actions. If you want to be totally safe, go to prison. Nothing will hurt you there. Oh wait, you want this whole country to be one giant prison where nobody has a free will. Well IMO you should quit complaining and move to a country that reflects your values, such as North Korea. Trust me, you won't have to worry about over leveraging your account or becoming obese there. They have plenty of regulations to protect you.

    And your "noble" role models like Soros, who make billions and then try to kick the door closed behind them so nobody else can come close to them, are actually jerks. Soros has his own agenda when he is lobbying, it certainly isn't the agenda of the Constitution or anybody who aspires to be successful one day. Soros made his billions, now he wants to shut everybody else out. Not because he cares about you, but because he is a lousy character.
    Soros would know more than anyone, why he supports lowering leverage and the Dodd Frank act. He was making Billions trading currencies when most people here were still in diapers.

    At least he has the moral compass, to help newer traders avoid the failures he made, before he became successful. Leverage is the main reason why the numerous government studies on brokerages, show that 90 percent of traders are net losers in this market. These studies tracked traders for the span of years, this market has become a casino, where the rich are the house.

    The free society is a fantasy, the wealthy traders need to be put in prison by the government, for their crimes against the majority of traders. Many people have lost their entire life savings getting caught in this scam, they lure and tempt unsuspecting people into their swindle.

    Look here, Dodd Frank was just the beginning, it was very weak but soon enough they will limit the leverage to 10:1, and that will fix all the problems we are seeing presently. Republicans, and guys like Romney, still have their greedy, evil hands in our government, that is the chrony capitalism you speak of, but when good democrat regulators take power, none of these gimmicks will no longer be allowed.

  8. #158
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    Quote Originally Posted by baz1982 View Post
    Courtesy of BabyPips Facebook page about an hour ago.
    No one is saying don't try, but right now the game isn't fair and needs more regulations.

  9. #159
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    Quote Originally Posted by sman1109 View Post
    Soros would know more than anyone, why he supports lowering leverage and the Dodd Frank act. He was making Billions trading currencies when most people here were still in diapers.

    At least he has the moral compass, to help newer traders avoid the failures he made, before he became successful. Leverage is the main reason why the numerous government studies on brokerages, show that 90 percent of traders are net losers in this market. These studies tracked traders for the span of years, this market has become a casino, where the rich are the house.

    The free society is a fantasy, the wealthy traders need to be put in prison by the government, for their crimes against the majority of traders. Many people have lost their entire life savings getting caught in this scam, they lure and tempt unsuspecting people into their swindle.

    Look here, Dodd Frank was just the beginning, it was very weak but soon enough they will limit the leverage to 10:1, and that will fix all the problems we are seeing presently. Republicans, and guys like Romney, still have their greedy, evil hands in our government, that is the chrony capitalism you speak of, but when good democrat regulators take power, none of these gimmicks will no longer be allowed.

    Wealthy traders need to be put in prison?

    You have no clue about how Capitalism works. Your problem is that you believe in the government fairy. You view the government as some kind of mystical, omnipotent entity... as though it's not full of the same kind of creatures that you complain about running wall street. The difference between self made millionaires and politicians is that self made millionaires actually earned the money instead of stealing it from taxpayers. That said, if somebody became a millionaire by lobbying the govt to pass "regulations" like Dodd-Frank that further Cartelize their industry by pricing small businesses and little guys out of the market, then I have no support for them.

    The funny thing is Chris Dodd, and Barney Frank were some of the Pied pipers who led the country over the cliff during the 2008 crisis, and yet they are the ones who wrote the regulations. Talk about the inmates running the asylum. These guys were in denial during the entire housing bubble, they don’t understand the fundamentals of economics, they have no idea why we are in this mess… In fact they partially lit the fire, they are not going to put the fire out.

    GROW UP.
    Last edited by Jess; 10-23-2012 at 12:12 AM. Reason: Inappropriate Language

  10. #160
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    Quote Originally Posted by sman1109 View Post
    Soros would know more than anyone, why he supports lowering leverage and the Dodd Frank act. He was making Billions trading currencies when most people here were still in diapers.

    At least he has the moral compass, to help newer traders avoid the failures he made, before he became successful. Leverage is the main reason why the numerous government studies on brokerages, show that 90 percent of traders are net losers in this market. These studies tracked traders for the span of years, this market has become a casino, where the rich are the house.
    Wait, what?

    Are you talking about this George Soros? I think his moral compass points south

    Archived-Articles: Soros the Guiltless

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