mirrorer
Elite Member
- Jan 30, 2009
- 2,122
- 2,529
OP looks Suspicious as fuck.Please stay away from any Mentor or whatever he has to offer/refer.This thread seems to be made on purpose.
Also check the post made by Asif.
Now regarding forex.
It is the biggest market in the world with a daily turnover of ~$6 trillion dollars.
Most of the people call it scam either because that's that what they've heard or tried it once and failed.
Most of bad reputation comes from people who lose and bad brokers (think paradise Islands locations brokers}
Forex is very lucrative market and can be very profitable but you have to master few things first.
Master yourself: Your main competitor is your greed and psychology
Stick to one thing: Learn to master one thing and become expert at that.Jumping from system to system,strategy to strategy will lead to loss.
Always use stop loss: Hoping that market will come back and close your trade at profit will eventually lead to margin call.
I've been learning since 2012 with some success so far.
My last results this year :
1 account with $100 turned into $1400 with 1 week and then lost it all because I didn't took the profit and wanted more (*******
1 account with $100 turned into $150 and then blown up because I din't use stop loss hoping that market will come back while there was not such a sign.
1 account so far with 300% roi, I am doing well with this one.Taking profit consistently and always using stop loss.
To summarize about Forex:
EDIT: Also stay away from Binary Options. It is the biggest scam ever made.
Also check the post made by Asif.
Now regarding forex.
It is the biggest market in the world with a daily turnover of ~$6 trillion dollars.
Most of the people call it scam either because that's that what they've heard or tried it once and failed.
Most of bad reputation comes from people who lose and bad brokers (think paradise Islands locations brokers}
Forex is very lucrative market and can be very profitable but you have to master few things first.
Master yourself: Your main competitor is your greed and psychology
Stick to one thing: Learn to master one thing and become expert at that.Jumping from system to system,strategy to strategy will lead to loss.
Always use stop loss: Hoping that market will come back and close your trade at profit will eventually lead to margin call.
I've been learning since 2012 with some success so far.
My last results this year :
1 account with $100 turned into $1400 with 1 week and then lost it all because I didn't took the profit and wanted more (*******
1 account with $100 turned into $150 and then blown up because I din't use stop loss hoping that market will come back while there was not such a sign.
1 account so far with 300% roi, I am doing well with this one.Taking profit consistently and always using stop loss.
To summarize about Forex:
- Use a broker which is authorized and licensed by FCA ,ASIC or SEC. Those are the most strict regulators and your capital is safe up to $50k in case that broker goes bankrupt.
- Stay away from any guru,mentor,signal provider and other shit.They are not any different than average WSO. There is a saying about traders "Those who can't do,teach"
- Stick to a system - strategy and always use stop loss. Respect your capital and account.Without capital you can't trade.
EDIT: Also stay away from Binary Options. It is the biggest scam ever made.
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