16000% Return: How is this even possible?

[ok4444]

Hello guys,

I am very new to forex trading, and when I say new - I mean it.

I just noticed a site called fxstat.com. It is a website that tracks people's forex trading performances (by linking to their trading account), verifies that the stats are not fake and lets other people copy these trades. If you go to the website and click on 'Performances', you get to see the top traders according to their RETURNS.

HOWEVER, THE RETURNS ARE INSANE! In thousands of percentages! (yearly return) Can you please tell me what exactly am i missing out. I checked and the site is not a scam, it has decent reviews.

One of the traders has almost 300% return in 3 months. And its a verified account.

Someone please solve this for me!

Here are the screenshots:

 

[Enivid]

You can easily answer your own question, but searching some failed strategies that had similarly great periods early in their performance history.

 

[ok4444]

How come every trader in the 'performances' list has such high returns? Not just for a particular period ... 3 month return, 6 month return, yearly return. All are insanely high values! If its true, why is not the whole world copying these guys.

I know my questions might seem stupid to you guys, but forgive me - i am very new to this field. And thanks for your patience.

 

[jessoreit]

I noticed a site. It is (in their trading accounts are linked), a website that tracks people's forex trading performances are fake statistics and verify that the other people in this business is to copy. You can go to the website and the 'performance' when you click on, you get to see their work in accordance with the top traders.

 

[eyeball]

Its fixed and the site is pure B.S.---If the returns shown were true it would be the end of the forex market as we know it. These guys should be relegated to a new section in this forum called " Comedy Corner"

 

[Rambo35]

I would stop trusting garbage like this and my recommendation is that instead of spending time on things like this, work on your own strategy.

 

[Enivid]

How come every trader in the 'performances' list has such high returns?

Because those are just top-performing strategies. Scroll down a few pages and you will meet even more losers. Out of thousands of those who try, there will be high performing results among few of them.

Not just for a particular period ... 3 month return, 6 month return, yearly return. All are insanely high values! If its true, why is not the whole world copying these guys.

Because there is no guarantee that their success will persist.

Its fixed and the site is pure B.S.---If the returns shown were true it would be the end of the forex market as we know it. These guys should be relegated to a new section in this forum called " Comedy Corner"

Sorry, but you are being wrong here. The website lists genuine performances but that does not mean that anyone should be following them.

 

[karunia]

obviously impossible!!!

 

[Rockefeller]

I guess many traders who are beginners fall for such sites. Maybe I am old fashioned but I do not trust my money to third parties.

 

[fxapex]

its not possible.....even if it is, then why people just blow on their brains making different strategies and gathering information on forex.

 

[Enivid]

It is not "16000% or nothing". People seek high returns in Forex. And even 20%/year is high for some of us.

 

[eyeball]

Envid--You don't seriously believe the numbers quoted by these guys-- allowing them on this forum demeans the quality of all participants here and is detrimental to the site itself--EB

 

[Enivid]

Why? What's wrong with that number?