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From $1 to 10 million

Rihan
Rihan
Dec 31 2013 at 16:24
30 posts
It angers me, and there are thousands of newcomers falling for it. The sellers are quite serious about their business attracting more and more, making more and more $. Maybe we should sell something Bluepanther, we can make a killing. It explains why so many people think forex is a scam. They were lured by false claims, and so lost quite a bit and then spread discouragement.

The biggest advice I will give to newcomers, be sceptical, investigate first, look for proof. This will save you money and spare you a lot of unnecessary negativity.

Matt (BluePanther)
Dec 31 2013 at 16:54
1354 posts
Rihan posted:
It angers me, and there are thousands of newcomers falling for it. The sellers are quite serious about their business attracting more and more, making more and more $. Maybe we should sell something Bluepanther, we can make a killing. It explains why so many people think forex is a scam. They were lured by false claims, and so lost quite a bit and then spread discouragement.

The biggest advise I will give to newcomers, be sceptical, investigate first, look for proof. This will save you money and spare you a lot of unnecessary negativity.


Many think forex is a scam because they lose money, and they lose because: A) believing false marketing (often hyped over the reality of the system being sold), or B) scam brokers (who create slippage, steal deposits, refuse withdrawals, etc.)

Anyone with two brain cells can see the possibilities with all the volatility in forex, but the marketers and brokers take advantage of this and suck people in with claims that 'they can help you achieve this' (when usually they can't achieve this even themselves). So they must resort to stealing people's money when buyers ask for a refund, or as above.

ArdoFX
Jan 02 2014 at 07:40
2 posts
BluePanther posted:
Rihan posted:
It angers me, and there are thousands of newcomers falling for it. The sellers are quite serious about their business attracting more and more, making more and more $. Maybe we should sell something Bluepanther, we can make a killing. It explains why so many people think forex is a scam. They were lured by false claims, and so lost quite a bit and then spread discouragement.

The biggest advise I will give to newcomers, be sceptical, investigate first, look for proof. This will save you money and spare you a lot of unnecessary negativity.


Many think forex is a scam because they lose money, and they lose because: A) believing false marketing (often hyped over the reality of the system being sold), or B) scam brokers (who create slippage, steal deposits, refuse withdrawals, etc.)

Anyone with two brain cells can see the possibilities with all the volatility in forex, but the marketers and brokers take advantage of this and suck people in with claims that 'they can help you achieve this' (when usually they can't achieve this even themselves). So they must resort to stealing people's money when buyers ask for a refund, or as above.


Biggest marketers and teachers are those who never profit from FX, or never will be teachable enough to conform in the market.

CasholeLTD
Jan 02 2014 at 07:40
24 posts
Ultimately, yes it is possible. Will anyone do it? Who knows, it will take a lot of research and luck.

I also agree with the above, if a signal provider / EA / account manager promises 100% a month, stay well clear of them! Aim for a stead 3-5% a month. Consistency is key, not fast profits.

If you don't have time to trade, let us do it for you!
JC (johncarrus)
Jan 02 2014 at 07:40
42 posts
Well Said, these people that are scamming everyone in Forex don't know how to win trades and grow their money so they seek to take peoples money in their ignorance. Once they tap into the greed of someones mind they have won their game. There are way too many boastful, proud traders that don't want to admit that they are losing traders but they still keep pushing their products to make a dime. It's disgraceful, illiegal and should be reported immediately.

When the waves are good- Ride them, If they are not, wait for the next set
Matt (BluePanther)
Jan 03 2014 at 11:20
1354 posts
ahuruglica posted:
There is a perfect documentary on the topic, why humans are deceived by fast gains.

Spend some time and watch it, it's worth every second.

https://www. youtube.com/watch?v=fYXD-_AMstQ


There is no rationality or logic in the market:

https://www.viewster.com/movie/1193-15331-000/zeitgeist-moving-forward

There is a greater underlying cause to human greed. This entire 'game' is a giant ponzi scheme...

Matt (BluePanther)
Jan 10 2014 at 09:35
1354 posts
I just found a very succinct and apt quote for this topic from WWI forums:

'Great ideas often receive violent opposition from mediocre minds' -Albert Einstein

Peace! 😎

Master_Kiwa
Jan 10 2014 at 11:56
402 posts
CasholeLTD posted:
Ultimately, yes it is possible. Will anyone do it? Who knows, it will take a lot of research and luck.

I also agree with the above, if a signal provider / EA / account manager promises 100% a month, stay well clear of them! Aim for a stead 3-5% a month. Consistency is key, not fast profits.

 
 Not sure either. It doesn't matter if a person promises 100% or 5%. Equally as someone mentioned before one must investigate. Use myfxbook and other tools to validate trades. The reality is no matter the % change the one thing almost everyone lacks in trading, and I mean everyone is consistency. You have many people say 'let me watch you for several months and I will get back to you'.While several months past one says 'man I should of been in or I could of profited from his winning' then once you invest you get hammered.

Focus on pip-drawdown
ArdiFX (ahuruglica)
Jan 10 2014 at 13:06
852 posts
In this world there is plenty for everyones need but not everyones greed.

Matt (BluePanther)
Jan 10 2014 at 16:19
1354 posts
ahuruglica posted:
In this world there is plenty for everyones need but not everyones greed.


Agreed. Man, the greed of the super-wealthy...


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