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…
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.
Yup that’s me! 
Exactly. That image was actually generated completely randomly. Whether the stock went up or down was dependent on a coin flip. It’s a good demonstration of humans’ desire to see patterns, even in complete randomness.
Reminds me of a study done years ago. A rat was placed in a maze. Food was dropped on one side or the other at random, but 60% of the time it ended up on the left. The rat quickly learned to always go to the left, to get the highest probability of receiving food.
A group of Cornell students were then given the same puzzle. They attempted to devise all sorts of models to predict where the food would end up. And in the end, they were something like 52% accurate. They were outsmarted by a rat.
ha-ha jadd proves we’re all suckers really doesn’t it
Interesting thread.
If we assume the markets take a random walk and are in fact unpredictable then we also have to assume the factors which drive the market are random and unpredictable. So the theory relies on supply and demand being random. Surely the supply and demand for a product (currency in this case) can be predicted with some degree of success.
For instance if I was a banker then I would know when I need to purchase a currency (billions of it) and I would be able to predict that my interaction with the market will influence the price upwards. I would also be able to predict accurately if I had to sell a lot of currency (billions) that the price will move down. I therefore am not playing into a random market anymore as I can predict the movement of the market based on my interaction. Of course this is all hypothetical 
But the market is no longer taking a random walk. Its taking that direction because of the money I just bought/sold into it.
So if supply and demand can be predicted with some success then how is the market random ?
Well, you are assuming that the orders are placed with the purpose of speculation.
Any order which isn’t placed as such essentially adds randomness to the market. A U.S. company converts a huge sum to Euros for an overseas business deal; Nike converts to Yuan to pay their workers in China; a large investment bank opens a position in a currency to hedge another investment.
How much volume do those non-speculative orders comprise at any one time? Who knows.
[QUOTE=“Keel;636874”] Sorry a bunch of garbage? Are you referring to price action or perhaps cross moving averages? Lets see maybe your referring to another strategy that was shared in baby pips or forex factory. I have been in this thing for 8 years and again your another story with no evidence. How about enlighten us then with your super strategy that is making you the fortunes. Didn’t think so, you are heading in the same road and please don’t give up continue gambling as the end results will be super. Yes trading is a game of probability and in some instances referred to zero sum game.[/QUOTE] Not trying to be a jerk. But you mad bro? Why not just give if up. If you can’t make it work for you in 8 years. You need to move on. Don’t you think? Its not about your ability so no insult thrown at you. Just saying. This topic has been beat to glue.
absolutely agree with this guy
Anything can be called a scam if it doesn’t work for you. I have been guilty of thinking that way myself at times. But when it DOES work for you it becomes awesome, fantastic, great, etc.
Well, what I think is that we can’t deny that if we sometimes listen to the expert, we can take a little percentage of the risk.
ROFLPMSL @ someone posting a thread with the title they did and then using “keep an open mind” in one of their posts.
It is like a few other threads I have posted to from a couple of people, one person said luck had no part in trading, and the other said there is no such thing as talent. I feel both are wrong, and here’s why.
Luck is in trading because you cannot win every single trade every single time. It is statistically impossible. At some point or another, you will lose on a trade. The trick is not losing your entire account if, sorry, WHEN that happens. Now, as far as talent, some people obviously have a greater ability at something than other people do. It is talent. Can they master trading just with talent? Hell no, it takes a lot of hard work for them too, they just don’t have to work as hard as long as the rest of us who don’t have a talent for it.
Now on to your comment.
I am not yet a trader of any sort, but I am not one of the people who come out with “just because I can’t do it means it cannot be done” type of attitude that you seem to be showing Keel. Can it be done? I believe so, even though I am not there yet. Do lots of people lose out? Obviously, and I think that may be why you have the attitude about it you do, most likely because you were one of those people that lost out. Is it risky? Yes, like casino gambling, but there are people that make a damn good living “casino gambling”, and many of them are banned from one or more casinos because they are so good at it. Can you do stuff to stack the odds in your favor in trading? Absolutely, where if you tried doing those equivalent things in a casino, I am pretty sure they would throw you out. Do some brokers play dirty games with trades? I would like to think not, but I am a realist in this, and I am sure that some do.
Your responses to these posts are like you asking someone to show you a picture of a blue car, so they do, and then you say, no, that’s not a blue car, show me a picture of a blue car. Despite what you have asked for, and been shown, “even with the previous comments, we’re (fixed that for you btw) back to square one.” I am wondering how you get this, as you were given what you had specifically asked for. To borrow your wording, they “brought facts to the table.” If you are looking for that person who has multiple million dollar accounts to post for you, I think it highly unlikely you would find that type of trader on a site designed and built for “beginning traders.” Why else would they call it “BabyPips?”
It’s the word “[I][U]therefore[/U][/I]” that’s causing the mistaken conclusion, there.
It doesn’t follow at all.
It’s impossible to have certainty about the outcome of any [B]individual[/B] trade, but it’s perfectly possible to have statistical proof that a method [B]collectively[/B] wins 60% of its hundreds or thousands of trades and loses the other 40%, thus resulting in a cumulative net profit of 20 trades per 100 trades taken.
It’s as simple as that: you’re mistakenly assuming that the lack of certainty about individual trades also applies collectively, and it just doesn’t.
True. it does no harm to get informed and to be educated. Sometimes those who wants to earn more in the easiest way possible becomes a victim. Talking about greed in here. My rule of thumb when it comes to finances and maybe everything else, If it is too good to be true, then it must not be true after all.
Find this Great thread to post my comment here
Trading online its very close to being scam or rigged
However i have foundmost accurate system from simple stuff and indicator tools combine with abit fundamental and much more the physics of price , average 1000 to 5000 above points on fx market profit target and stop losses of 5 percent market movement same 5000 points and bring trade to break even after being in green for 500 points, can being easily leverage up to 20 for small stake and lower leverage for high rollers , finding their sweet spot ofmarket with high odds of entry , actually it works in any finance market , rely on what i write in above , and i hope i bring more proof of result in a work , as its very hard to find accuracy live result from members and just sounds marketing promoting and showing off , i wouldn’t share the system in public for time now , but will think how it goes from time to time
, i can swear on what i study research and what i have found
Thats it ))