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Forex anyone?

Discussion in 'Making Money' started by djedje70, Aug 16, 2008.

  1. djedje70

    djedje70 Regular Member

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    none of ur fr#$%ing biz dude!!!
    Hey ladies and gentlemen...

    As most of you know, forex (foreign exchange) is a much bigger market than the stock market. It is traded 24/7.

    I never tried any of the bots on the market and I don't plan to. I tried to read a book on the subject, but it is quite boring. But it can make a lot of money when done correctly.

    Is anyone doing it here?
    Has anyone heard of this: hxxp://www.theinsi*dercode.com/
    You can actually have the guy give you his trade for the next day. That's how much he claims to be confident in his system.

    I'd be willing to give it a try with a group-buy. 20 @ $100 each.

    use this link to access the sales letter without giving away your email adress:
    h**p://www.we*b-pur*chases.com/700SFRX/W700J728/landing.html?sessionID=IXq-WengGK

    Let me know if interested and/or if you have other tools.
     
  2. plut0

    plut0 Regular Member

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    forex market is just like chasing game. Its hard to beat Big Guys.
    You have to make sure if his methode are real life trading or just demo ?
    You can get achieve more with expert advisor for metatrader.
    but again its always about risk reward ratio.
    i have beaten to the ground so many time with great drawdown.
    the suggestion is simple
    PLAN YOUR TRADE AND TRADE YOUR PLAN!!!
     
  3. kalekom

    kalekom Junior Member

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    forex is not as easy as BH. Seems like this dude is selling money management strategy. You still have to read your boring book... about world economics. You have to be aware how would different indicators change currency rates. This is huge subject and you could loose all your money very quickly!!!
     
  4. _killer_

    _killer_ Newbie

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    the more u know about fx trading, the more u will know how those broker play fool on you.

    be EXTRA careful if u are going into those market, BIG JAWS out there!!!:eek:
     
  5. djedje70

    djedje70 Regular Member

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    none of ur fr#$%ing biz dude!!!
    I agree with all you guys. Wherever money is involved, you have to make your homework. There's nothing as a free-lunch.

    Thing is, I searched the internet to find reviews of this guy and see if he's a con-artist. I mean at this price, he could only fool 2-3 people before being exposed on the net for who he is.

    What is unusual in his case is the fact that he lets you in his daily pick for the next day.
    I haven't found anyone else in the forex industry who is willing to do the same.
     
  6. sinewave

    sinewave Senior Member Premium Member

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    I've been trading futures and fx for over 5 years now. I don't sell products yet, just trade the markets.
     
  7. kerozin24

    kerozin24 Regular Member

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    Forex it`s not as easy as everyone thinks, you must to a learn and trade a lot to be profitable! The way yo go to use a signal service or managed accounts, but be careful here it`s a lot of scams!
     
  8. lazarus4444

    lazarus4444 Registered Member

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    You have to learn to trade forex. I found a guy to teach me who is the real deal and i'm going to interview him on the phone tomorrow for due diligence but I have already researched him on the web and he's the real deal. Some of you interested in learning how to make money in a non-shady, legal way, should do some research on learning forex and go for it. Warning! It is not for everyone.
     
  9. irancrude

    irancrude Jr. VIP Jr. VIP Premium Member

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    Forex is risky could be the holy grail one day and the flames of hell next! hipotetically talking.
    Forex is better when trade for you after some 6 months experience and after you a BOT, Hiring a Trader wont be a option to me.
     
  10. torched

    torched Junior Member

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  11. jetton

    jetton Registered Member

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    Thanks Torched. I read over the info. Looks interesting. I've been wanting to try forex for awhile.
     
  12. DaQuark

    DaQuark Junior Member

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    I've toyed around with a demo account the last 2 months, I tried really hard because I wanted to make a living with Forex. I read a lot in forums and I tried at least 30 different strategies, expert advisors and templates.

    Guess what? They all worked in the short run but not in long term. I won, won and then lost. At the end I gave up because it's hard to profit from Forex - almost impossible for a beginner. I went bankrupt with 8 demo accounts - luckily they were no real ones!

    Try that: flip a coin - head is for buy, tail is for sell. Now you get what the Forex is all about because you can NOT predict the market at all! Just a bit luck and pointless prediction.
     
  13. imerxp

    imerxp Registered Member

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    I've been running an EA for a month now with demo account..
    Unfortunately the results are not really encouraging... holding me back from trading with live account just yet :(

    Will be testing it further...
     
  14. RealMarketer

    RealMarketer Newbie

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    Are the any basic guides for trading ...esp for noobs like me ? Thanks.
     
  15. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    keep in there guys. It took me 2 years of reading every day, trading every day and alot of blood sweat and tears till i cracked it.

    Now i can make 100% a month if i have to, and can easily make 20% each month - so with 20k i can make a grand a week (4k a month)- not bad!

    Forex is worth learning, and most (not all) of its principles can be applied to other markets.

    just keep reading.

    PS - torched - that systems ok, but very overly complex for what it is. You can strip away most of the fancy stuff and still get the same results! People just don't realise.
     
  16. qwertyboy

    qwertyboy Newbie

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    Be careful also, a lot fo these guys eat your profits with the "trade fee" and then commissions !!
     
  17. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    thats true -

    also theres a big debate on brokers - some suggest you should go with a broker which charges commision for various reasons, whereas some people say just get one with commision in the spread as commission as its better etc.

    I use the latter, but know many people who use brokers who charge commission on positions as they feel they get a better service.

    then add a 3rd party in and costs can add up - thats why i learnt to trade myself!
     
  18. misterajc

    misterajc Registered Member

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    First of all, there are major banks and other financial institutions with highly trained staff playing the FX markets full time, and even they get big losses some times. It's all to easy to set up a Martingale system without knowing it - that is, a system in which you make small, random but fairly regular profits, balanced by the risk of an occasional enormous loss.

    Do not pay any money to anyone who promises to tell you how to make money in FX, or even to invest it for you, unless his name is George Soros. There are no winning systems that haven't already been found and fully exploited by the big boys.
     
  19. misterajc

    misterajc Registered Member

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    Oh, yes, I forgot to mention... In the past few years lots of people have got rich by betting against the dollar. They may even think this is a winning system. So did the people who were investing in real estate five years ago.
     
  20. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    just find the next big trend then ;]

    every economic in the market in the world is in dodgy water atm, no better time at all.

    I know exactly what i think will happen in the next 5 years, so im just planning ahead for that!