Forex Trading: It is not easy as you think!

Discussion in 'General Chat' started by EnPassant, Apr 8, 2008.

  1. #1
    Hello,

    This is a pure, 2 years of personal experience with Forex or (Foreign Exchange). It is becoming more popular and more people are getting excited to join Forex and start earning loads of cash.

    I wanted to outline a few points for anyone who wishes to try Forex.

    I've been trading forex for 2 years, I've went through all education required for it, I learnt technical analysis to the most complicated extent. I still didn't make any gain in forex. It's the most risky opportunity you could ever find.

    To be short, forex is gambling. You win, or you lose, depens on your hand value. Someone wins all, and the rest of people losses.

    I want to assure you after 2 years of trading that forex won't respect any education, or any technical criteria, any fundamental criteria or anything. This alone makes it pure gambling.

    I've also tried so many systems and indicators, I've traded fundamentally, and technically, and combined both at times, and even after doing that, you can see your trade going against you in MADNESS.

    So the point that I wish to outline here is that forex is a high risk investment, close to gambling at poker rooms.

    Bottom line: If you are good at gambling, or playing poker, you better keep playing poker, forex is not very much different than that.

    I certainly do not want to discourage anybody, I held no responsability for that. I was just freely sharing my own experience with forex for 2 years.

    So please do not take it as a Warning or Recommendation.

    It is up to you after all, and what you can afford to lose.
     
    EnPassant, Apr 8, 2008 IP
  2. Avatar Viper

    Avatar Viper Well-Known Member

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    #2
    i totally agrees. not one of my demo account survives...
     
    Avatar Viper, Apr 9, 2008 IP
  3. w3bmaster

    w3bmaster Notable Member

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    #3
    I prefer to do things i know and are not that risky hope bthis slows down those who think at easy money with forex
     
    w3bmaster, Apr 9, 2008 IP
  4. spidro

    spidro Well-Known Member

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    #4
    i agree with that last year i spend 6 months learning forex and technical analysis i lost some money then i decided to stop its toooo risky
     
    spidro, Apr 14, 2008 IP