Does anyone really make money off of the Forex?

I am speechless!! high leverage is only for the extremely dumb or the extremely talented… :smiley:

I really think if you are going to blame the gov. for your stupidity then better to blame it at the school level… :smiley:


If I sell 2500 Units for 1% risk, having 1:1, 10:1, 50:1, or 45682:1 doesn’t matter, more leverage just gives me more available units to trade and a smaller margin window if you [I]CHOOSE[/I] to use those units.

Leverage has absolutely nothing to do with protecting you, and those life savings. It just gives you more of what you can’t afford. It’s up to you to take it and play it.

Also you do not need a big capital to learn like you say, because you’ve got demo accounts, and it doesn’t matter if you trade with 10K or 50$ because losing 1% is 1%. If you can’t afford micro/mini lots, get a unit account and define pip price per your liking.

If you do not define risk, and risk more than you can afford to lose, you are a gambler.

It’s not that 95% of traders lose, it’s that 95% of those in the market are gamblers.

And no, I’m not rich, and have a day job, and taxed 50% of capital gains like any joe out there.
The difference is that I define risk, not only in the markets but in life.
I would only put what I can afford to lose in any situation; ie not my life savings. :wink:

But if I feel there is some pain to be dealt by running some stops, I will gladly [B]join in the move[/B] and take it from you.
Because that’s the whole idea of the game!

my 2 cents.

My look at the hypocrisy, George Soros was right then?

If we are making money against the big banks, and not fellow traders, then the new Government rules are protecting us after all.

No one is taking money from others, but from the big institutions and banks, and the rules need to change so that the little guys don’t lose money, by getting pushed around by the rich banks who hunt stops and take our money regularly.

Reducing the leverage to 10 to 1 will happen after President Obama’s re-election. The dodd frank act, will get a lot more comprehensive than those meager provisions already in it.

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

Can you show us some of your trades?

To be honest, you can only blame yourself. Trading is far more risky than investing. If you were unaware of the risks involved then that’s down to your (I mean anyone who starts trading, not you directly) lack of research and understanding.

If people are willing to throw tens of thousands of dollars at new accounts, then more fool them…it’s pure stupid and shows how naive some people can be. This is a business, and lets not forget that…

sman you are one pathetic dude. I feel sorry that you lost so much money trading but the blame is only on you. A loser at 100:1 leverage will be a loser regardless if it’s 10:1 or 5:1 or 1:1. You can control your position size depending on your risk appetite. No one forces you to use all that leverage. Do you think cars should be capped at a maximum speed of 60mi/h because that is the suggested speed limit?

Sure you can, no one is stopping you from putting in an order at a key high/low. If the trade goes your way, you essentially took out some poor dude’s stop for your gain.

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.

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.

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 :wink:

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

Courtesy of BabyPips Facebook page about an hour ago.


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.

No one is saying don’t try, but right now the game isn’t fair and needs more regulations.

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.

Wait, what?

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

Archived-Articles: Soros the Guiltless

Forex trading is professional business, the reason for that is that, Forex trading requires a lot of mental skills, Ranging form the trading strategies, the planing, the discipline of minds, patience etc, no trader without mental skills can profit here, it is a real profession

I love that about him. :smiley: