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To All These People Sharing Forex Stuff [Important]

Discussion in 'BlackHat Lounge' started by jannysoft, Feb 24, 2010.

  1. jannysoft

    jannysoft Junior Member

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    Since there is so many threads floating around in connection of Forex bots and all bunch of crap tips etc... I am going to say couple of words here about the Foreign Exchange Markets (FOREX).

    1. 95% Of the People Trading Forex Are Losing Their Money, Simply Said Giving It Away To The 5% Of People Who Know How To Trade Forex.

    2. This Forum Is Not The Place To Share Forex Tips/Tricks And Bots.

    3. If You Are Not Familiar With The Terms MT4 (Meta Trader 4 Broker Platform), Mt4 Indicators And MT4 Advisers (So Called Bots) Dont Even Look At The Topic Containing The Word Forex Bot.

    4. Brokers Using MT4 Platforms Are Scams, The MT4 Platform Can Be Manipulated With Fake Data.

    5. Brokers Using MT4 Platforms Can Run A Second Spikes, Which Means, They Are Able To Simulate 150 - 500 Pips Jump Or Drop In The Markets To Catch People Using The So Called Hedge Techniques In A Matter Of Seconds.

    6. Use MT4 Platforms To Only Observe The Market. Don't Even Trade A Demo Account On This Type Of Platform. It Is Waste Of Time.

    7. Only Trade A Real Accounts With A Local Forex Broker (Broker Based In Your Country).

    8. Say No To Your Greed. Forex Is Not Suitable For Greedy People.

    9. If You Just Started With Forex, Don't Even Bother To Put Real Money To Trade The Forex Market, For Atleast 6 Months. It Depends Actually How Fast You Are Going To Learn The Fundamental Or The Technical Trading.

    10. Don't Ever Trade In Times When There Is Huge Economic Announcements.

    The reason I'm sharing this is, I don't want someone to follow my foot prints. I'm a real trader for the past 5 years and I have lost 20K $ in the first 4 years. I have managed to recover 1/3 of the loss for the past 1 year. In the beginning I also trusted all these MT4 Indicators and Advisers, and I was so excited of the concept of Forex.

    Right now is different thing.

    I hope you are going to remember what i have just mentioned.
     
    • Thanks Thanks x 6
  2. versa

    versa Registered Member

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    Thanks for these infos. Hoping you're not trying to sell something. I've been trading the forex for two years now. And still open for new ideas on the subject. Can you share with me some successfull strategies you got based on your experiences? A PM would be good. TQ!
     
  3. richjerkoff

    richjerkoff Junior Member

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    When it comes down to it, it's just a form of gambling and I don't do that any more.For most people there are too many unknown factors involved, beyond our control and that is not a good thing.
     
  4. energetic

    energetic Registered Member

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    thanks for your advice :)
     
  5. richcamp

    richcamp Regular Member

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    I lost some 10K when they appointed bernanke, all because my trader say don't worry, it'll bounce back, the US economy is too strong.

    I gave them the bot, took whats left of my money and don't even want to hear the word forex for couple of months.

    Never had the urge to get my money back though, I know I couldev lost more
     
  6. blackhat50

    blackhat50 Regular Member

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    big bank vs little bank.
     
  7. supamanjon

    supamanjon Power Member

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    nice advice