Online trading is a scam

Online trading is a game of probablities, a game where any decision you take is either going to result success 100% or failure 0%. this applies to any trading system you use be it fundamental or technical. The final outcome of 100% or 0% will always and i mean always remain uncertain. Therfore it is impossible in today’s life physics to make money and I challenge the entire world one by one to come up infront of me with a screen shot or a report directly from their account that proves me wrong. The only way to win this is to be able to predict the direction before it starts. No retail or even institue trader can do that.

Hi Keel,

Trading is indeed difficult, and the washout rate for non-professional folks is quite high.
However, there are many traders on this forum who can pull down decent returns while keeping their drawdown in relatively healthy territory.

Just look @ the individuals who run the most popular threads, and you’ll be certain to find some solid trading methodologies which anyone can pick up on and apply rather easily.

At the end of the day, it all boils down to the individual trader- they are the ones who click the buy and sell buttons.

If you think that the market is a random walk (it isn’t) then go buy some index funds. Go join up at the Bogleheads forum with all the other schlubs who tried to beat the market and failed. Clearly if you can’t do it, then it [I]must[/I] be impossible. Enjoy your measly 7% returns per year.

Here’s my tiny live account that I have been trading for two months:

Rubber Band 2.0 System | Myfxbook

I’ve been living off of trading since I was 18 (the age I was allowed to trade), I learned it all from my parents from a very young age. It actually funded 8 different business’ and I also worked in a bank trying to get into the trading department, never got in there because I rose too quickly. You’re not supposed to trade while being in those positions but I did and it was years ago. Personally, I can see where you can say it’s a scam. ForEx is considered the wild west. Personally if you can’t make a decent living from other instruments then forex can be really hard. Because it is the wild west there are some scams out there because it’s not regulated. That’s why it’s good sometimes to look at 2 different feeds, because the feed on one may not look 100% as the other company. The reason? sometimes you get a scam company that drops the price to trigger your stop. It shouldn’t happen very often but it could (and I have seen it), that’s why it’s important to ask around for a good rep company to trade with. Forex has a certain luster but it has many hidden dangers. Those can look like scams but because of the structure, they aren’t. Now forex can look very easy, in fact ALL instruments can look very easy to learn and operate. In reality it’s easy to push a button, learn a program, but it’s really hard to make money and avoid pit falls. If there is no way to know an exact price at a certain time in the future; then that is true. If I only do price action, without a chart and without any historical data then I will have no 100% idea that it will go up or down at that exact point in time. I could figure out the direction simply by fundamentals or different sets of news. I could also use a price chart but, then again, now you start with indications of past prices and would defeat knowing at what time etc. If I knew precise times when things are going up and precise times when things will go down to the pip, to the cent to the whatever… Then I would own everything and rule everything because I’d have all the money in the world, own every land in the world, own every contract in the world and own every army in the world including weapon dealers; so it be like sticks and stones on foot vs laser beams on automated tanks. So there is no 100% way, in my opinion, but there is a structure and if you study and learn this structure you should be ok. It is this that makes the market (I wrote a paper about it). One person is not afraid of losing 250 pips because his target is roughly 3500 pips, so for him it’s not a big deal. Where as other people may think they entire planet is going to hell if it’s down 250 pips. When you click buy or sell, all the good news, all the BS, all the views collide at that single point.

Oh my god I don’t even know where to start with you. All you have is a sad 2 months beginners luck of only 13% that can be achieved by flipping a coin in 10 minutes ! You certainly talk bigger than your size. Nevermind, I will do you a favor, I have your records and will drop you a line few months from now when you blow your account.

Note: please guys responding to my thread, only the experienced ones are welcomed as I’m seriously looking for a challenge and pls no words stolen from books or articles.

All the best

Every single one is some way or another is advertising or selling training materials to us. This is how they generate money. Put this in your mind and you will understand. Again, Why do some executives till today this year 2014 are being charged with inside trading? think for a moment open your mind and think. let me see, its probably the EMA MVA RSI FIB and the rest of the BS is not working!

You really come across a bunch of garbage of this thread of course you can man make money if you think is a game of probability then hit Vegas
Go hit the tables … That’s probability poker … Black jack these are probability chance

What you just said sir is complete bs , do you even trades .? What was the point of this thread to criticize and put down beginners , lmao to anybody who thinks forex is impossible ,

Based on this thread sounds like you went broke , and gave up what a shame .

[QUOTE=“Libertysilver;636846”]You really come across a bunch of garbage of this thread of course you can man make money if you think is a game of probability then hit Vegas Go hit the tables … That’s probability poker … Black jack these are probability chance What you just said sir is complete bs , do you even trades .? What was the point of this thread to criticize and put down beginners , lmao to anybody who thinks forex is impossible , Based on this thread sounds like you went broke , and gave up what a shame .[/QUOTE]

On this website **

Thank you for your respone. this is the kind of level i was hoping to chat with, people like you.

First of all, to me your another online story that cannot be validated due to lack of evidence. Second of all, your exactly spot on right, if we know price movement all of us would own an army, islands, weapons and etc… Finaly, the structure your refereing to is similar to casino black jack structure and roulette etc that is designed to favour the house, the brokers in our example to be precise. Therefore, it is not possible to make either a living or part living or feeding a mouse trading online.

Looking forward to hear more comments
cheers

[QUOTE=“jadd806;636647”]If you think that the market is a random walk (it isn’t) then go buy some index funds. Go join up at the Bogleheads forum with all the other schlubs who tried to beat the market and failed. Clearly if you can’t do it, then it must be impossible. Enjoy your measly 7% returns per year. Here’s my tiny live account that I have been trading for two months: Rubber Band 2.0 System | Myfxbook[/QUOTE]

Lmfaooo that was the account that tried bragging about on the other thread your kidding bud …

And trying to to tell me it’s impossible to turn $25 to 10k
When I have turned $25 into over 1k with proof and it took you to months to make a solid $13 what a joke get some where before you try and talk S*** and put other traders down .

[QUOTE=“Keel;636844”] Oh my god I don’t even know where to start with you. All you have is a sad 2 months beginners luck of only 13% that can be achieved by flipping a coin in 10 minutes ! You certainly talk bigger than your size. Nevermind, I will do you a favor, I have your records and will drop you a line few months from now when you blow your account. Note: please guys responding to my thread, only the experienced ones are welcomed as I’m seriously looking for a challenge and pls no words stolen from books or articles. All the best[/QUOTE]

This guys a joke has a bunch nonsense post

I can’t imagine what his real account looks like lol
Probably a 1% gain for the time he has been trading that’s if he has any gain at all
I find this soo funny Comming from some one with such a big mouth . Especially who’s quick to jump on other success and fails …

Feel free to continue watching, bud. My account is steadily growing and that’s probably more than you can claim. I don’t see you linking up your account to Myfxbook. Oh, right. That’s because you’ve blown it out more times than you can probably even count.

Who cares if it’s $13… It’s the percent that matters. I’ll be graduating from university next year and making a starting salary of at least $85k per year.

Say what you want but I’ve played my cards right. Just watch how fast my account will grow when I’m making 5% per month and adding $50k to it annually.

That’s why I don’t need some [U]pipe dream[/U] of turning my measly $100 account into anything worthwhile. All you’ve managed to do is to waste $25 over and over in search of returns that even the best traders in the world would have trouble maintaining.

Laugh all you want. I will be retired by 30 even if this trading thing doesn’t work out. Meanwhile you’ll still be working as a minimum wage slave somewhere, adding $25 to your account and wiping out every single week trying to chase some dream that isn’t going to happen.

Seriously, this website may be of assistance: Gamblers Anonymous

[QUOTE=“jadd806;636863”] Feel free to continue watching, bud. My account is steadily growing and that’s probably more than you can claim. I don’t see you linking up your account to Myfxbook. Oh, right. That’s because you’ve blown it out more times than you can probably even count. Who cares if it’s $13… It’s the percent that matters. I’ll be graduating from university next year and making a starting salary of at least $85k per year. Say what you want but I’ve played my cards right. Just watch how fast my account will grow when I’m making 5% per month and adding $50k to it annually. That’s why I don’t need some pipe dream of turning my measly $100 account into anything worthwhile. All you’ve managed to do is to waste $25 over and over in search of returns that even the best traders in the world would have trouble maintaining. Laugh all you want. I will be retired by 30 even if this trading thing doesn’t work out. Meanwhile you’ll still be working as a minimum wage slave somewhere, adding $25 to your account and wiping out every single week trying to chase some dream that isn’t going to happen. Seriously, this website may be of assistance: Gamblers Anonymous[/QUOTE]

Watch what lmfao your honesty a joke bro , you will fail 10 times before you succeed once

And I’m already trading full time making a profit for my self so technically I’m already where you want to be at and I dident go to uni or collage your pathetic lmao I’m not even going to waste my time with you anymore I just find it so funny lmao you have such. A big mouth , lmao this journey from $25 to is just a hobby for me so I will waste $25 as much as I want it’s $25

stick to your 85k a year day job dream that your chasing
Your not built for this business honesty

I can tell you didn’t go to “collage”. Lol. Your grammar is atrocious.

Big mouth? Look at you go. Talk is cheap. Post an account statement or stop talking.

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=“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]

There is no super Strategy or holy grail did say I had it or did I same I was making money for my self lmao read …

General reply

I sincerely appreciate all your comments and some of you shared beautiful thoughts but guys, please post evidence or stop bragging that your successful unless you can prove it because your defeating the whole purpose of this thread. No evidence means your just an online story, myth or a dream chaser. I suggest you realise that the only people benefiting out of this are the brokers. As I said I’m here to make a difference and unveil the truth to everyone possible.
Lets keep an open mind and discuss it, you will walk out a winner if you bring facts on the table. Even with all the previous comments, we r still back to square one. Where are the true so called online successful tech or funda traders that are making the money. No where and will remain the same.

I quite happy with my results I don’t care or do need to prove anything to anyone like I know I’m making money Why do I need to post my results and have a bunch of members bash my success

Or acuse me of it being fake you been on here for 8 years or forexfactory at least you should know what happens to people who boast , at the end of the day I don’t kno any of you so wtf why do I care lmao , you have been trading 8 years or just online typing crap , just buy the way your demanding proof for everything I know your not making money , , just like the rest of the 90% losing …

Do you post on celebrity’s twitter accounts or people who claim there rich and demand to see there money or demand to see there success no and if you do you get no response and people just laughing at you on the other end

I’m not sayying I’m rich but I’m making good enough money for my self to live it’s not impossible , and I don’t need to show the world I don’t care to there’s people making way more money than I am

Exactly, no one else has, had or will ever have.

Forex is only zero sum if you gamble
Sorry that’s just facts . It’s been proven

This is the reason why you’ve gotten nowhere after 8 years