Online trading is a scam

Your sharing someone’s else trading result. This guy could be a broker who takes positions against his clients and hence the profit you see. What about you ha? How much are you making? Didn’t think so

Also, look at the deviation between the equity and balance curves. He is likely using some sort of grid recovery or betting system. Ergo, most probably just a gimmick which will result in a blown account eventually.

[QUOTE=“jadd806;636930”] Also, look at the deviation between the equity and balance curves. He is likely using some sort of grid recovery or betting system. Ergo, most probably just a gimmick which will result in a blown account eventually.[/QUOTE]

Lmao this is what I mean so both your point is that it is a scam … So why the hell are you still wasting ur time especially you … Jadd with your $113 account thinking your going to takenit some where

I don’t get you what’s your point … Your backing his point up for what why are you trading if it’s so hard to turn a profit why are your not in Vegas playing black jack where there’s better odd you would make a profit . Your pathetic jadd what’s your point like i don’t even get why your backing him up now he told you him self that there’s no point in you trading your wasting your time … And yet your backing his points up witch lead me to my question again why are you trading if you agree it’s a scam you idiot … That’s how im goin to address you because that’s what you are

I’m not going to pretend that I understood half of that huge mess you just spewed onto the keyboard.

I’m just in it for the fun. To see if I can get anywhere. I don’t really care about my $113… It’s a laughably small percentage of my assets, and one that I fully expect to lose. Same reason people go to the casino. Unlike you, I don’t expect to make myself a millionaire with my puny account.

There’s a tiny chance I will find a method that works long-term. If I had to bet, I would bet that I will not find such a system, I will lose my $100, and move on with my life. Oh well and so be it.

[QUOTE=“jadd806;636937”] I’m not going to pretend that I understood half of that huge mess you just spewed onto the keyboard. I’m just in it for the fun. To see if I can get anywhere. I don’t really care about my $113… It’s a laughably small percentage of my assets, and one that I fully expect to lose. Same reason people go to the casino. Unlike you, I don’t expect to make myself a millionaire with my puny account. There’s a tiny chance I will find a method that works long-term. If I had to bet, I would bet that I will not find such a system, I will lose my $100, and move on with my life. Oh well and so be it.[/QUOTE]

Other words just wasting your time … Nice

So what was that huge paragraph sayyin that ohh watch when I retire I’m going to have so much money blah blah… I don’t get you

You might as well just throw that money in the garbage your not going anywhere with it what’s the point by your self a few cases of beer or something. . Like honestly exactly what said your a joke dose not have what it takes to trade forex ,

Hey, at least I make my attempt public.

Based on all of the available evidence (I.E. absolutely nothing) you “do not have what it takes to trade forex” either.

I am a joke, but only because I’m sitting here responding to your posts… I think it’s been three different forum threads that I have argued with you in over the past few months. Every single time ends up with you producing no evidence of “having what it takes to trade forex,” and me eventually ignoring you. This time shall be no different.

[QUOTE=Libertysilver;636931]Lmao this is what I mean so both your point is that it is a scam … So why the hell are you still wasting ur time especially you … Jadd with your $113 account thinking your going to takenit some where

I thought u were long gone by now :stuck_out_tongue: what ever happened to I’m not wasting my time with you guys etc. either show some result or stop being emotional and cursing cuz ur now being a child. Lmao lmao lmao I’m sure there is a web page for teenagers to lmao day and night and have fun. There is no point on repeating the same questions over and over we already told you who we are and why we are here so I either play by thread rule or simply beat it.

[QUOTE=“jadd806;636941”] Hey, at least I make my attempt public. Based on all of the available evidence (I.E. absolutely nothing) you “do not have what it takes to trade forex” either. I am a joke, but only because I’m sitting here responding to your posts… I think it’s been three different forum threads that I have argued with you in over the past few months. Every single time ends up with you producing no evidence of “having what it takes to trade forex,” and me eventually ignoring you. This time shall be no different.[/QUOTE]

Lol because I don’t care for you what so ever I’m going to show you the money I have made only to end up arguing weather it’s real or not , Or for to ask for more proof for what no .

Why you even on babypips lmao seriously your wasting your time ,

Again I know I’m making money I have nothing to prove to you and i don’t care to

I know I’m not rich But hey I can’t complain I’m happy

I was hoping to read some quality posts but all I’ve seen are some bull**** posts. Libertysilver, if you can’t make your point without calling someone “stupid” or “an idiot”, then don’t post at all. Everyone at Babypips is here to learn, not read insults.

Anywhere you go where you claim something without proof, you’re going to be called a liar.

Go to a powerlifting competition and claim a 5 x 500 lb bench without picking up the bar, you’ll be called a liar.

Go to a highly religious country preaching a different religion, you’ll be called a liar (and likely worse).

Try to prove/disprove a scientific hypothesis without a repeatable experiment and observable results, you’ll be called a liar.

Talk is cheap. Nobody takes your word that you’re making money as proof. If anything it just makes you look like a liar. Because if you really had something to show, you would do it. I’m sure you would get some investor capital flowing in if the results were anything to write home about.

These Forex forums remind me of 4chan. You go there to read the stories and humor yourself, even though you know everything is made up.

[QUOTE=“jadd806;636953”] Anywhere you go where you claim something without proof, you’re going to be called a liar. Go to a powerlifting competition and claim a 5 x 500 lb bench without picking up the bar, you’ll be called a liar. Go to a highly religious country preaching a different religion, you’ll be called a liar (and likely worse). Try to prove/disprove a scientific hypothesis without a repeatable experiment and observable results, you’ll be called a liar. Talk is cheap. Nobody takes your word that you’re making money as proof. If anything it just makes you look like a liar. Because if you really had something to show, you would do it. I’m sure you would get some investor capital flowing in if the results were anything to write home about. These Forex forums remind me of 4chan. You go there to read the stories and humor yourself, even though you know everything is made up.[/QUOTE]

Your not getting my point I don’t care if you think I’m I liar man , I don’t I’m not trading for you am I I’m jot trading for anybody on here but myself lmao call me aliar all you want look what they did to Jesus the hung him , my facts are facts not need to prove squat to you . (Y) :stuck_out_tongue: lmao your wasting your time you said it your self your gambling with $100

Learn how trade. I don’t have anything to prove to you I’m making my self money that’s all I really care about at the end of the day you don’t believe me look at gold charts over 600 pip movement today you better believe I’m making money man. I honestly i don’t care to show you anything just look at the charts what ever the market dose I do kiddo .

I hope you’ve realized by now that you’ve taken the point of the pure defeatist. If I claimed that book to be mine or posted one of similar results, you’d accuse me of being a broker who takes positions against clients. That’s fine, but with such a position, there’s really no use in opening the thread asking for a challenger because it can’t be won by any argument. Round and round until someone quits in frustration.

Regardless of who the account belongs to, it is clearly being traded with a grid recovery system. Like all betting gimmicks, it cannot turn a negative expectation into a positive one and the only certain result is the eventual death of the account unless you quit while you are ahead. Based on that (and the small size) it’s definitely a retail trader. I hope that $142k doesn’t mean too much to him.

This topic has come up over and over on this forum and others. One of my favorite threads, which unfortunately fizzled out without a conclusion: 301 Moved Permanently

If you have some results worth seeing then please post them. All of these threads follow the same path:

[ol]
[li]The thread is started with the statement that the market is essentially a random walk on the short time scales traders use.
[/li][li]“Traders” brandishing E-stats, anecdotes, and moving motivational speeches about the power of believing in yourself come flooding in.
[/li][li]Not a single person can produce evidence to counter the Random Walk Hypothesis.
[/li][li]The banter goes on for several pages, no evidence of profitable traders surfaces and the thread dies out.
[/li][/ol]

So really, I doubt this will be any different.

Online Forex trading is not a scam. The fact of the matter is most aspiring traders jump into the markets both feet and have no real clue about what they’re doing.

Are these yours, LiquidGenius?

Ouch…

Jadd, mr. Viper is not a “looser”.

Thank you guys for your comments. To summarise, we have 200 plus views and 50 plus posts. However, we are we today in terms of the subject? We have one trading records of two years only which wasn’t posted by the owner himself. We discussed that it could be a broker who perhaps takes positions against the traders even if the balance is low, it is not necessary the brokerage company account. Rather it’s personal account traded side by side with brokers account. Think of it more like being online casino admin who can view all players cards on the table.

Again, the only reason I’m asking for evidence is to make a stronger case for you. You want to walk a winner then step in and proof it. I dare none of you can’t. There is no MACD nor RSI or EMA or MVA etc that gonna make you a trader. All the news we get are delayed and the only people who benefit from are the ones who created it. Look at all the strategies around you none of it work long term because it’s designed to make majority of traders to follow the same steps and collectively put money in a pool of stop losses so that the brokers can steal it all. Currencies are traded based on demand, you buy it to use it and u don’t buy it to make it rise in value. Every trade business in this universe is based on supply and demand and please understand it’s meaning. Demand means I buy it I need it as a necessity, on the other side I supply it to fulfill the gap and earn a living.

Anyhow, I will be sharing more info and examples soon.

Only watched the first couple minutes. So here’s what we know:

[ul]
[li]Sells signals
[/li][li]Claims to have never had a losing month
[/li][li]Is quite obviously using a gambling-style betting gimmick based on the deviation between balance and equity curves
[/li][/ul]
Meanwhile he has the illusion of consistent growth and gets to collect commission for those signals until his modified Martingale or D’Alembert or whatever blows out the account. I guarantee he’s making more in commission and management fees off other trades than he is risking in the account.

Just another salesman, not a trader.

Can technical analysis be used to predict market direction?

If you know what to look for, then you can react accordingly and profit from it, right?


Technical analysis will always put you in a position where you ask yourself this question before you pull the trigger. Is the patten in front my eyes right now going to work or not? Two scenarios, yes or no. 100% or 0. The outcome is uncertain under all circumstances. Therefore despite what decision you make, again the outcome remains equally responsible for your numbers of profit and loss. Probability of success for these patterns are no where recorded. Even if claimed by certain percentages like 60% or 70%, logically you can’t calculated it because the out come will always remain uncertain equally.