IS FOREX TRADING A SCAM? ð
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It's not matter of being a scam… the real question is realistically can it be profitable for most people? If the statistics are correct, then 95% to 97% fail and lose money in trading forex. Then people say well those people are emotional traders or horrible risk management etc.. while I'm sure that is true for 60% to 70% of people, why are the remaining percentages failing? What other variables are there that aren't being discussed like market manipulation, your broker setting odds against you etc.. Let's unpack this straight up.
I was called by a trader from cityfxtrader.com today. She wants me to get a ÂĢ40000 loan to make a trade that will make me ÂĢ56000 clear of the 40g loan. So 96gs in total. And they pay the loan back before you pay a penny. They are not FCA registered because they trade mainly cryptos. But they say the banks used to transfer funds are. Pls advise
It might not be a scam but the vast majority of individual retail traders will lose their entire accounts. The stock market is much better to trade because there is actual trade volume in the stock market. FX has some nonsense âvolumeâ indicators but there is not real volume indicator for fx.
sterlingfxtrade.com! I have put down some money in that website. This girl added me on instagram and claims that with 200$ i can do 7000$ in 7 days giving them 20% of the profit!. Is this a scam? Please help !
Is cashfx group a scam
Hi Sir, I am going to start trading in "Bond forexx" is it Scam??
bigest scam in this world today is called templerfx
I m going through a trade .it's name ultimatetrade 206 it's loyal or fraud ..? please tell me sir
I found a scam.
Just because 99% people lose money in Forex, statistics wise, doesn't mean it's a scam. It depends on what you did to lose your money, rather than blaming the forex market for it. These two ideas of losing money (ie. What you lost and how you lost it) are where some people,who lack self-awareness and responsibility, fail to differentiate.
If something sounds too good to be true, it normally is
Fortune only favours the brave and it take a lot of courage to be able to succeed in trading
I had a broker tell me that an investment of $500 will get me a return of $3500 in a week. Itâs a scam right?
How do I know if Trendingraphs is scam? https://trendingraphs.com/
They turned 200$ to 600$ in 1 month and now they got 3000$ more without proof of working withdrawal.
The Forex scams are the people online who claim you can become rich, on small investments etc. Claiming Forex is like Bitcoin, is very misleading. Forex really doesn't go up/down that much – a great year might be a 30% profit.
So, unless you have $90-100k to invest, and you're willing to risk it all, you're not going to make a living from it.
There was this one thing that talked about sports and the investment was $2,000 a few months later they dropped off the mop.
I use a meta 4 flatform. Is it safe?
I had a broker claim the can turn $1000 into 4000 in three days. In which their cut would 20% of the profit. Is this legit?
Forex is just a waste of time and money not a scam ….
Real Forex is basically making $150 profit a month, on a $2000 investment. That's if you invest a lot of time in it and work hard. And is it worth all the work for $100 month? That's why most people quit, after experimenting with it. You're not going to earn a living from it unless you have at least $30-40k to invest.
Fake/scam Forex are the claims you can male $5000 a month on a $2000 investment. These are fraudulent schemes just designed to steal your money
Forex isn't a scam. But Forex is definitely used by scammers. Two different things.
What I mean is, if you work hard, and are good at it, you can make a consistent 20% profit a month.
However, scammers tend to make claims that you can male 500% profits a month, to trick people into investing money into fraudulent schemes. Anyone who knows Forex well, knows how unrealistic it is to even make 70% profit a month
I honestly feel to start to think forex is really a scam…. And I tell you this after almost 2 years of live trading and watching charts. So I have a little experience. Whatever you do, these damn graphs will go against you for some reason or another. Regardless of your analisys quality, and your logically behaviours patterns.
My feel? Banks simply push the price into your stop-losses, of losers retail traders. When everybody buys or sells, the big banks which have all the money will do the opposite therefore the currency will appreciate or deprecciate this resulting in losing all your money. So banks take all your money. Just whatever you do, banks will take your money and stop-losses.
So it doesn't really matter how good you are. With pain in my heart, forex trading and any form of trading doesn't seem legit. If you buy, they sell. If you sell, they buy. Whatever you do, just something bad happens only if you did the opposite….
Have you ever heard of livetradefx.com.if so what are your thoughts .
What are your sources? Experience? Profession?
I had so many people try to recruit me for opportunities itâs not even funny. I taught myself how to trade and replaced my fulltime income in 3 months.
That IM academy thing is def a scam with those âplatinum 50 traderâ
A trader asked me once to pay him too teach me to trade. A monthly fee of a ÂĢ100 I think. He also said there was a network where we would get alerts about buying or selling. Is this legit?
it's scam
only manual trading is real…everything else is waste f money….but manual trading is gambling ….so here it is …. forex is the biggest casino in the world….
forex is controled by supercomputets so ….think about ….forex is at least 5 min before you
Currency data is 5 minutes delayed (times in ET) and based on the Bloomberg Generic Composite rate (BGN)….so is a scam…it is not in real time …the brokers however don`t leave you to make huge profit but they help you to do huge loss
I have entered to imarketslive today, is it reliable?