check out on youtube “forex is a scam market”
withdraw all your money now before it’s all gone
Why post on a forex forum if you believe that?!
he’s just scaremongering.
can anybody prove that forex is not a scam market. It seems forex is a haven for scammers and they scam each other also. http: //www.forexrealm.com/brokers-reviews/
you can’t even find a honest forex broker all scam
they are watching how the demo trade.last nigth mt4 chart just stop for about five but there is connection I got buch of loosing trade but that was not enough. Thats rigth your agains forex computer. This ea this ea did trade before price freeze but still came up winning.
And now they show how can they control your trading watch the ea trade without TP & SL plus some spike on the side. this is NOT SNIPER EA
In what way are you claiming it to be a scam?I’v heard of an unethical broker one or twice but that’s why you check out your broker status on the nfa website.Look what other people say about the broker…do your due dilligence.
The forex market comes from the 1970’s if i’m not mistaken when most of the world swicthed to a free floating system to determine the value of their currency’s.In other words supply and demand.Most if not all of you know this that means that the forex market is what 30 odd years old.
It’s only recently with the intenet boom that small time traders started to become market participants before that it was mostly the playing field of banks and other big institutions.
But the stockmarket and thus tecnical anylysis is far older.Sometimes people claim it’s one huge scam with the sole intent of robbing you from your hard earn money.It’s a serios business and it has been on the block for a couple of decades.I’m not trying to be insulting but please clarify in what way the forex market is a scam so that we can tell why it’s not.
what a stupid thread
Wow, I had no idea, thanks for telling me! I’ll go ask for my broker to return my deposit and all my profits to me right now.
quote unquote
Are you joking mate or are you really gonna withdraw all your funds.
i got proof u all don’t. Tell US A HONEST BROKER don’t go around the bush
I’ve heard obout unetical brokers once this guy said that when he wanted to withdraw his money the broker refused not sure what happend there needless to say if your broker does that and it is registred wit the nfa it will be hell on earth.You still have not clarified how the forex market is a scam.Why is it a scam…your obviosly very new to forex and is ill informed.
I for one did my homework and has chosen a good broker and there are plenty of them out there…a couple of months later my broker was named the best u.s broker by the world finance magazine.
before anybody start forex
name a honest broker anyone.
Interbankfx was named best u.s broker by the world finance magazine.now that were on the sybject can any veteran explain to me the full extent of the nfa’s regulatory fuctions.
I know that by law all u.s brokers has to be registred with the nfa.I’ve seen the nfa give out a couple of hefty fines but i don’t understand their full extent of their involvement in the forex market.
Now there are a lot of smart traders on this forum people who has been trading live successfully for years please give me a quick explantion regarding the nfa
I was just telling what i think is the thrut about forex.
After testing alot of ea’s i found some alot of scam and good one but it all
came down to the real thing THERE ARE NO HONEST BROKER OUT THRERE
THEY CAN CONTROL YOUR TRADING. Sometimes they may let u win a little
first before taking your money.I remember my first broker one of them gave me a hint THIS IS STUPID but i didn’t listen i was winning on demo trading manual.
The thing is packy we all get the same price.Might be diffrent by 1 pip but we see the same thing.If i load my macd and someone else with a diffrent broker on the other side of the world does the same on the same timeframe and pair we see the same thing.
You and me are smallfry only a blimp on the forex radar screen.There are big corporations and banks that trades with a lot of money.If i broker manipultes it’s price to stop you out someone else who took a opposite trade has to profit.No broker can manipilates it’s price to even stop out big fish and get away with it.What you’re suggesting is impossible
then its you.
Forex is a total den of theives. Doesn’t mean you can’t make money, but the brokers are not your friend. 75% of accounts lose money. 95% of retail traders lose money.
it may look like that in the data feed but on execution it is different and if you don’t think they are hunting your stops, guess again. If you are trading micro lots, you’re dead to begin with. If you start to get big watch out.
the price my broker gives for my country’s currency against the u.s dollar is always the same is any other feed.You forget that a currency’s price does not just affect us.Anybody that travels or trade with other countries needs to know what price one currency get’s agiants another currency.My country’s currency against the u.s dollar has never been diffrent from the feed i get from my broker.
What is your country’s currency price against the major currency’s of the world.Your country’s currency price against the major currency’s of the world is plastered all over the place.If you listen to the radio you get an update every hour.After news bullitin’s you get an update.Walking past a bank you see a electronic board giving you an update.Has these prices ever been diffrent from the price your broker gives you?
The price you get is the price on the closed trade…not the data feed. Your broker needs to match a willing buyer and seller at that instant. For big brokers on major pairs this is not too tough, but it is not exactly what is in the feed every time. Are you familiar with slippage and requotes? Most retail brokers are on the other side of your trade Did you not read the latest CFTC warnings under the new regulations
I can show you screen shots of price spikes that are no longer in my broker’s history. I can show you screen shots of closed trades OUTSIDE of a candle.
Trust me.
Here are two screen shots from two difrent brokers at the current price of the eurusd pair.As you can see they are the same price.One is 1.38760 the other is 1.38754 you can compare these two brokers prices any time of the day and they will be the same.Like i said it’s not only us traders that the price has meaning to.Go on a vacation overseas you need to know the price.Trade with another country you need to know the price.This price is plastered everywhere you look and it basically the same.If it were not for the new five figured price that came in only recently they will be the same on the dot.
How can a broker manipulate it’s price to stop you out when every broker in the world price for one currency against another never differs more than 1 pip or at the most 2 pips.If you enter a trade with a 10 pip stop-loss how can one broker’s price fall 10 pips to stop you out while another broker price keeps rising.Brokers don’t maniplualtes the price the price comes directly from a network of banks that calculates a currency’s value based on how many people buy and sell it aka supply and demand and no i’ve never been reqouted i always get the price i enter a trade with.
