Does anyone really make money off of the Forex? - Page 24
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  1. #231
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    Jul 2011
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    Quote Originally Posted by ClarkFX View Post
    Define Kalman Filter, Brownian Motion, Random Walk or Portfolio Variance.

    And speaking of which, why are you here again? You lost your life savings to FOREX, yet you're still here preaching.
    Others may be immoral, but the question is does anyone make money off FOREX and there has to be one voice of truth in this mess of lies.

    9 out of 10 traders don't make money in FOREX, but 9 out 10 traders here will say otherwise to capitalize on the victims.

  2. #232
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    May 2011
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    Quote Originally Posted by sman1109 View Post
    I've been trading for over 2 years now and HAVE lost my life savings in this market. I know everything there is to know about FOREX now, all these little fancy things they tell you like reading indicators, candle stick patterns, trend lines, non farm payrolls, following the news for fundamentals are all hog wash when you get your feet wet.
    No, you know NOTHING about FX. Only an idiot would bet his life savings using big positions without an edge. I have challenged you to show some of your trades to tell you where you made your mistakes.... NO ANSWER YET.

    Two years and you don't know how to use an indicator? May be you lack some basic education or have some psychological issues.... as I said before I hope you do NOT have family that depends on you....

  3. #233
    Join Date
    Aug 2012
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    119
    Quote Originally Posted by sman1109 View Post
    Others may be immoral, but the question is does anyone make money off FOREX and there has to be one voice of truth in this mess of lies.

    9 out of 10 traders don't make money in FOREX, but 9 out 10 traders here will say otherwise to capitalize on the victims.
    I'm sorry but this victim mindset is not good for you.

    Think about it this way, if it is possible for you to lose consistently, then there must be something that you are doing 'right' that if you reverse it, you will be able to win consistently... Just something to think about.

  4. #234
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    Oct 2011
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    Quote Originally Posted by Shellsnail View Post
    I'm sorry but this victim mindset is not good for you.

    Think about it this way, if it is possible for you to lose consistently, then there must be something that you are doing 'right' that if you reverse it, you will be able to win consistently... Just something to think about.
    Unfortunately, reversing what you are doing doesn't mean you ll be profitable... I have first hand experience.

  5. #235
    Join Date
    Aug 2012
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    119
    Quote Originally Posted by liftoff View Post
    Unfortunately, reversing what you are doing doesn't mean you ll be profitable... I have first hand experience.
    Hmm well there are a lot of variables involved and it is not so clear cut as just changing a buy to a sell... you have to take into consideration the change in risk of ruin etc.

    Most people don't trade a method long enough anyway because they over risk on each trade and let their losers run and lose everything before that so it's hard to say that a method is not profitable in the LR until you have tested it out sufficiently say over 40 trades and have blown up your account by following the rules strictly...

    I don't have first hand experience reversing my trades so you are the authority on this one

  6. #236
    Join Date
    Apr 2011
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    348
    Quote Originally Posted by sman1109 View Post




    You can know everything for FOREX and still lose your life savings, very few people make money off FOREX and its those who have a lot of money, the more money you have the easier it is to make money its like anywhere else.


    That is why you keep hearing them fighting against lowering leverage, because the more NEWBIES like us make, the less the rich veterans make, its a mathematical certainty that they want you ignorant of.
    I am a newbie. Been studying and studying. Still not trading. I will someday, then I will know for sure if I am in the top 10% of traders who make money. Truth is like you say "The more money you have to trade, the better chance you have of succeeding in Forex or any market." The brokers will tell you that, or most of them and if they don't then they are doing the newbie a disservice. I can see why you lost so much money. But it sounds like maybe you played more like a gambler than a trader. I suppose after a few loses, say a couple thousand dollars a person might want to rethink his position and step back and say Hey! Maybe I shouldn't trade anymore. But the Brokers are making money that is for sure. Us newbies are probably paying for there lunches, why do they try and get so many people into trading. If they weren't making money then I guess they wouldn't have to tell us newbies that Hey this is where the money is! Give it to me.

  7. #237
    Join Date
    Sep 2012
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    155
    Quote Originally Posted by Pingback View Post
    I am a newbie. Been studying and studying. Still not trading. I will someday, then I will know for sure if I am in the top 10% of traders who make money. Truth is like you say "The more money you have to trade, the better chance you have of succeeding in Forex or any market." The brokers will tell you that, or most of them and if they don't then they are doing the newbie a disservice. I can see why you lost so much money. But it sounds like maybe you played more like a gambler than a trader. I suppose after a few loses, say a couple thousand dollars a person might want to rethink his position and step back and say Hey! Maybe I shouldn't trade anymore. But the Brokers are making money that is for sure. Us newbies are probably paying for there lunches, why do they try and get so many people into trading. If they weren't making money then I guess they wouldn't have to tell us newbies that Hey this is where the money is! Give it to me.
    You've probably hit the nail on the head there in many respects. Brokers must love how popular Forex has become, the amount of people who must just open a live account and drop it all in and lose it within a week.

  8. #238
    Join Date
    Apr 2011
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    348
    I would hate the thought of not making it as a trader after doing all this studying. But for me when I set out to do something, I do it. I learn it a well as I can, I try to fit in a plan then I put it in action. But understanding it to me is better than just trading and not really having a plan or idea as to what your doing. Hope it works out! I'll cross my fingers and my wallet when it comes time.

  9. #239
    Join Date
    Sep 2010
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    Cheshire, UK
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    Quote Originally Posted by sman1109 View Post
    Others may be immoral, but the question is does anyone make money off FOREX and there has to be one voice of truth in this mess of lies.

    9 out of 10 traders don't make money in FOREX, but 9 out 10 traders here will say otherwise to capitalize on the victims.
    Actually this I will agree with, sorry, but I share the same thought on this statement only.

  10. #240
    Join Date
    Mar 2012
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    651
    Quote Originally Posted by Jezzode View Post
    Actually this I will agree with, sorry, but I share the same thought on this statement only.
    I want smans money.

    Haha

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