LET'S FIND OUT WHO HAS LOST THE MOST MONEY ON THE FOREX MARKET AND FOR HOW LONG !!!! - page 15
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If you are a client of a bank and trade forex through that bank, the bank will give you leverage. For example, with a deposit of USD 1 million or more, Datchet Bank was able to give you 1:4 leverage in 2007. It is clear that leverage pays as much as any loan.
That's what I am saying: you can only trade through a bank. And not through a brokerage company.
The leverage of 1:4, that's right, it's ok, but not like 1:100 or 1:50 that most brokerage companies offer. - Well, ok. There are brokerage companies registered with regulators in the USA, UK, etc. that offer 1:100 leverage on the Forex market. Min deposit of 2000 dollars for example.
What do hedge funds do then? What does Soros do? What was Buffett doing in the fall of 2008?
What do we care what Soros and Buffet do? Say, because Abramovich made billions of dollars, everyone can earn that much.
This is one of the favorite tricks of brokerage companies to brainwash suckers - to remind them more often about millionaires who made their fortune on Forex. They made their fortune and you are no worse?
The same "lucky men" there are in the casinos, and in poker, and in lotteries, and in bookmakers, who have earned millions of dollars on it. So, should we all rush to the casinos and repeat their exploits? - Do you know a lucky guy who's been winning at the casino like Soros for 10 years? Or a betting company? And hedge funds? These are publicly traded organisations that operate in the forex market all the time. Information about their returns is public.
I do not quite get the point - you do not believe in the possibility of a stable and regular income from forex?
What did you notice about the rudeness?
I noticed it. That's enough. I gave you a warning. It's up to you to decide how to behave.
I saw it. That's enough. I gave you a warning. It's up to you to decide how to behave.
That's not good enough for me! Be careful throwing accusations like that around!
Once again I ask you to give me an example of my post where you saw rudeness
that's not good enough for me! Be careful throwing accusations like that around!
Once again I ask you to give me an example of my post where you see rudeness
Bummer!!! ))
it's strange that there's a discussion about virtual slumps.
read this.
It was on this day in 1995 that British finance minister Kenneth Clarke released a long-awaited report into the causes of the sensational collapse of England's oldest bank, Barings. The investigation revealed that the culprit of the bankruptcy was a promising, young trader Nick Leeson.
http://www.pmoney.ru/txt.asp?sec=205&id=508364
do you know a lucky man who, like Soros, has been winning at the casino for 10 years? Or a betting company? And hedge funds? These are publicly traded organisations that operate in the forex market all the time. Information about their returns is public.
If everything is so rosy, then why do you trade at all? Take your money to a hedge fund and make a profit! Or to a Soros fund, if one exists.
It's much easier to make money on the futures exchange than on forex. For example you could buy shares of Google, when they were cheap and get hundreds of percent of profit. And if you work with options, the profits can be astronomical: How to make a million dollars on Google https://www.mql5.com/go?link=http://www.procapital.ru/showthread.php?t=16980.
But all this was only possible by a very lucky set of circumstances. Now Google stock isn't worth so cheap and I think the profit potential is exhausted.
And in general, there are people in betting offices who earn steadily and risk-free with the help of "forks", arbitrage situations between different offices.
One of my acquaintances laughs, he says: "What am I suffering with this Forex? He himself has been earning a stable and risk-free 10% a month on forks for a long time now. He used to trade on the stock market, but then he came to the firm belief that it's impossible to make money here.
I also think I've quit Forex (and futures as well).
I think it's easier to buy a lottery ticket than to open a deal on the market. The same hope for luck, but in a lottery you can win millions by investing kopecks. And in forex you cannot do that either.
The author of this topic, betman is right. Forex is bullshit. I say this as a man who tried to find the grail for many years.
do you know a lucky man who, like Soros, has been winning at the casino for 10 years? Or a betting company? And hedge funds? These are publicly traded organisations that operate in the forex market all the time. Information about their returns is public.
If everything is so rosy, then why do you trade at all? Take your money to a hedge fund and make a profit! Or to a Soros fund, if one exists.
It's much easier to make money on the futures exchange than on forex. For example you could buy shares of Google, when they were cheap and get hundreds of percent of profit. And if you work with options, the profits can be astronomical: How to make a million dollars on Google https://www.mql5.com/go?link=http://www.procapital.ru/showthread.php?t=16980.
But all this was only possible by a very lucky set of circumstances. Now Google stock isn't worth so cheap and I think the profit potential is exhausted.
And in general, there are people in betting offices who earn steadily and risk-free with the help of "forks", arbitrage situations between different offices.
One of my acquaintances laughs, he says: "What am I suffering with this Forex? He himself has been earning a stable and risk-free 10% a month on forks for a long time now. He used to trade on the stock market, but then he came to the firm belief that it's impossible to make money here.
I also think I've quit Forex (and futures too).
I think it's easier to buy a lottery ticket than to open a deal on the market. The same hope for luck, but in a lottery you can win millions by investing kopecks. And in forex you cannot do that either.
The author of this topic, betman is right. Forex is bullshit. I say this as a man who tried to find the grail for many years.
Anything is possible in this life! And Rabinowitz is no better than Soros to me or you!
I myself started trading 2 years ago with 10 quid in a cent account. After a couple of months the account was already over $1,000. Then there was a period when I traded more in deficit. But believing that you can earn on Forex, I found some regularities and... After a few months I bought a car, changed my place, etc. I was interested in Forex.
I was interested in Forex for a long time. I`ve been interested in Forex for long time. 7 years of fruitless efforts and megabytes of Expert Advisors in MQL and MQL4.
If you do nothing, nothing will happen anyway.
I've lost about $3k myself (in four years).
First of all, ordinary traders cannot trade on the forex market. Because forex is an INTERNATIONAL MARKET WITH MINIMUM POINTS IN NUMERICAL MILLIONS. There is no brokerage companies with leverage (within the law), this is not forex, but a scam. At the Forex market can trade ONLY BANKS, and DeCs are not banks. Usually DAs have licenses to deal in gambling or bookmaking. This effectively means that all forex traders, are involved in a game of chance, similar to a casino.
The real exchange is futures. For example the CME. This is a real exchange, where everything is 100% protected from deception, everything is regulated by law.
Only the essence does not change, you may trade at least on Forex, at least on futures - all of them sooner or later will end up in a loss, because profitable systems do not exist in nature.
No amount of effort in Forex will help. Any "professional" who has read a ton of books on Forex, traded on a hundred demo accounts over the years, attended a bunch of forex courses WILL BE NO better at forex than a newbie. Rather, even worse. Because beginners are known to be lucky, they do not use all this useless nonsense and just trust their intuition.
That is, no amount of effort will increase the mathematical expectation in their favor in forex. That's why people like Pegasmaster who believe that you can learn forex makes you smile.
Even though you have been in forex for years... If you ask them if they are in profit or loss as for the total earnings during the whole trading period, almost everybody is in loss. I pity such people who do not understand that you can not make money here and they keep believing to the end and lose money. They have an excuse: "I have to work and work, nothing comes too fast, and one day I will reach great heights in Forex".
It's an excuse made up by brokerage companies to keep people believing in Forex for a longer time. Also, like all forex techniques, indicators, "profitable" strategies are also invented to create the illusion of possibility to earn money. To keep drawing money from traders "earning" on forex.
What you have written is nonsense. It sounds like you're going through a period of depression or you don't work in forex at all.