The Official FOREX Thread

[MetalFortress]

XAU/USD: 2000 units of gold closed for 520 pips. That was 10,000 dollars, since it was a bigger investment than the rest. CHF/USD hit the stop-loss and bailed with about 10 pips worth of profit.

 

[TheNewGuy]

Wowwwwww. I just lost half my money with XAG/USD.

People, make sure you research your stuff before you go into a market not knowing that 1,000 units can lose you $450.

Time to start over =/

 

[SELF-MASTERY]

Wowwwwww. I just lost half my money with XAG/USD.

People, make sure you research your stuff before you go into a market not knowing that 1,000 units can lose you $450.

Time to start over =/

Have you ever had a -330 pip loss?????

 

[TheNewGuy]

Have you ever had a -330 pip loss?????

At some points it was -2450.

Remember, I started with a $1,000 balance not $100,000. So me losing $450 is similar to you losing $45,000.

 

[sparky0000]

Doesn't surprise me that "Don Juan" types would be falling for this. Is FX a scam? No, not really...BUT you have about as much a chance hitting it big in FX as you do playing craps. Wealth accumulation should be viewed as a long term process. Benjamin Graham is a name that you should get to know.

 

[Call_Me_Daddy]

Doesn't surprise me that "Don Juan" types would be falling for this. Is FX a scam? No, not really...BUT you have about as much a chance hitting it big in FX as you do playing craps. Wealth accumulation should be viewed as a long term process. Benjamin Graham is a name that you should get to know.

Please explain further. Its nice to be pessimistic, and quote big names. Are you an investor or are you doing the same things as Graham?

 

[SELF-MASTERY]

poker vs forex?

 

[Bible_Belt]

At least if you trade forex through the CME Globex, it is like gambling at a state-licensed casino. The Internet bucket shops are more like a street-corner dice game in the ghetto.

 

[MetalFortress]

Doesn't surprise me that "Don Juan" types would be falling for this. Is FX a scam? No, not really...BUT you have about as much a chance hitting it big in FX as you do playing craps. Wealth accumulation should be viewed as a long term process. Benjamin Graham is a name that you should get to know.

While smart investors will retire rich, you'll be working until 65 relying on social security. I suggest you learn about investing before you speak.

 

[TheNewGuy]

Doesn't surprise me that "Don Juan" types would be falling for this. Is FX a scam? No, not really...BUT you have about as much a chance hitting it big in FX as you do playing craps. Wealth accumulation should be viewed as a long term process. Benjamin Graham is a name that you should get to know.

My boss makes an additional $800 a week playing craps, two days out of the week for like 4 hours a day.

Just sayin...

 

[SELF-MASTERY]

My boss makes an additional $800 a week playing craps, two days out of the week for like 4 hours a day.

Just sayin...

Hey I know several guys that make a living playing online poker...

 

[Call_Me_Daddy]

While smart investors will retire rich, you'll be working until 65 relying on social security. I suggest you learn about investing before you speak.

Exactly, there's risks in everything. Don't want to take risk? Then you have no chance of a big reward.

Thanks for making it nice and clear MetalFortress.

 

[e-lie]

Have any on you guys heard o of this www.mx-t.com ?

 

[Permission]

If you guys think you can make money on this, what sets you apart from all the other people who are trying to make money on this? Most people lose money on this, and the expected value is actually zero.

 

[Fletchrush17]

You have to follow a system to the letter..Only buy and sell when all the indicators are going with you. You need to practice this out for awhile before you are 'game ready'.

 

[sparky0000]

If there was a simple system there would be software that could do it for you. Lol...someone is getting rich off of Forex, but it isn't/won't be you. Sorry, but just the truth.

Metal,
I just hope to make it to 65! Seeing that I have set up shop in a country where most men don't reach 60 I am glad to see the vote of confidence you have given me. Thanks, bud.

 

[SELF-MASTERY]

If you guys think you can make money on this, what sets you apart from all the other people who are trying to make money on this? Most people lose money on this, and the expected value is actually zero.

I think most of us won't make money in forex, but it is nice to learn something new. I was taught never to play in any -gambling-type- game if you do not know what your edge is, and in forex I haven't figured out what my edge is; I doubt 95% of the people that trade currency know what their edge is...

Guys try VT trader it allows you to make trades right on the chart and is very easy to use.

 

[SELF-MASTERY]

http://www.forexgambler.com/

Interesting and sounds fun for us true gamblers

 

[g g g unit]

http://news.bbc.co.uk/1/hi/business/5250250.stm

this looks like important news for any forex traders but i aint putting money on it personally cos im too much of a noob and im gonna wait at least six months before i even consider opening a demo account.

 

[TheNewGuy]

http://news.bbc.co.uk/1/hi/business/5250250.stm

this looks like important news for any forex traders but i aint putting money on it personally cos im too much of a noob and im gonna wait at least six months before i even consider opening a demo account.

Why? Opening a demo account has no negative effects...