Forex is a scam

Quote from mounafia:

After 4 years of trading the forex, I have realised that it is a scam.

I have read it for multiples years in this forum....but I thought it was because this peoples were not successful that were complaining....and that I would manage to succeed.

Don't get me wrong, you can win money in forex (I have win money.....) but you can not win in a long time.

I have never seen a market that change that much from a month to an other.

A strategy that will bring you +30% one month, will bring you -40% the months after.

The Forex has no logic. he can be volatile one day and not move a bit the day after despite being a news day.
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Forex trading is a legitimate trading business which pays excellent profits for many years if you have high experience and knowledge for forex and you are able to understand market movements and worldwide factors.

Everybody does not have time and knowledge for forex trading. So “Managed Forex account” with reputed and experienced Forex broker/Manager is the one of the best strategy.

Forex Managed account = Investment because investor deposits money with Forex broker/Manager and he trades "investor's money" for profit and pays profit back to the investor. In other words investor’s money is managed by Forex broker/Manager.

Long-term Profitable forex traders are difficult to find because they are hidden from the world. Also managed forex account offered by profitable and experienced forex traders have high minimum investment such as $20,000 or $50,000 so few members are able to profit for it.

My friend's forex trading results for managed accounts is past 9 years average profit paid is +33% p.a. (without compounded interest) with 30+ years of experience for forex trading. Registered company in Switzerland.

Maximum risk is 5% per new trade (conservative risk structure). Anybody interested email me.
 
Quote from wildfirepow:


My friend's forex trading results for managed accounts is past 9 years average profit paid is +33% p.a. (without compounded interest) with 30+ years of experience for forex trading. Registered company in Switzerland.

Maximum risk is 5% per new trade (conservative risk structure). Anybody interested email me.
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lol, bullshit, you and 'your friend' are full of crap :D

Post some trading statements or blotters or a link to live tracking, then you might have some credibility, until then you're just another joker who has probabaly gambled away his own money and now wants to gamble away other people's money.
 
Quote from wildfirepow:

Switzerland.

Maximum risk is 5% per new trade (conservative risk structure). Anybody interested email me.
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wildfirepow, didn't you say you're a real estate agent? That would make sense.

5% is a nutty risk. Little wonder he goes down -29% in a month. This is gonna be a train wreck. If you sell this to friends and family be prepared to leave the country.
 
sure......but I'd rather he took me to the casino and we had a few drinks and met some girls. If I am gonig to blow it I want to do it in style!
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Maximum risk is 5% per new trade (conservative risk structure). Anybody interested email me.
 
Agreed....this is pure gambling and it's so easy to do with O.P.M.

anyone loses me 10% in one month can shove it where the sun doesn't shine. So three big losing months and he's lost over 70% of the capital! Wow...where do I sign up?

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Little wonder he goes down -29% in a month
 
Quote from wildfirepow:

My friend's forex trading results for managed accounts is past 9 years average profit paid is +33% p.a. (without compounded interest) with 30+ years of experience for forex trading. Registered company in Switzerland.

Maximum risk is 5% per new trade (conservative risk structure). Anybody interested email me.
More...

LOLOLOLOL.

You trolling for mooks on ET... sure came to the right place.
 
Reading this thread makes me feel disappointed. If forex is indeed a scam, how come many people are trying to learn how to trade it? Reading this is like being told like, "hey, you can never ever succeed here, try something else, something less volatile."

I've read a couple of testimonials saying that they indeed can make money through trading forex, are they just bluffing?

I hope not:(
 
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