Doesn’t It Look Like a Big Scam? Is There Any Alternative to Forex?

Juan R. Main

Trader
Jul 9, 2013
3
0
12
Hi, everyone! We are all here joined by one aim – making money online trading at the most reliable market place. Many people tend to choose FOREX, when it comes to trading online. But is it really so great and trustworthy as it may seem to be at first glance?

According to Adam Hamilton, a professional independent business analyst, FOREX market has lost its financial free spirit. There are more and more cases that prove it is controlled by a tiny group of brokers.

Don’t you find that it makes almost impossible to predict the future prices? It’s like playing roulette: you never know when you will win. Taking this fact into consideration, there is nothing strange why so many brokers lose their money when trading on FOREX.

That is why, I’m looking for an alternative to Forex. Can you please, share any ideas on this? Thanx a lot!
 

xProphet

Active Trader
Jul 27, 2013
64
0
27
Occupying Wall Steet.
Hi, everyone! We are all here joined by one aim – making money online trading at the most reliable market place. Many people tend to choose FOREX, when it comes to trading online. But is it really so great and trustworthy as it may seem to be at first glance?

According to Adam Hamilton, a professional independent business analyst, FOREX market has lost its financial free spirit. There are more and more cases that prove it is controlled by a tiny group of brokers.

Don’t you find that it makes almost impossible to predict the future prices? It’s like playing roulette: you never know when you will win. Taking this fact into consideration, there is nothing strange why so many brokers lose their money when trading on FOREX.

That is why, I’m looking for an alternative to Forex. Can you please, share any ideas on this? Thanx a lot!

How can a "tiny group of brokers" be controlling the market, while simultaneously loosing their money to the market they control?

anyways, you always got stocks!:p
 

BlindFA

Trader
Apr 29, 2013
41
0
17
There are a lot of alternatives. YOu could go into stocks or binary for instance. Or you could learn to trade properly and make money in forex :)
 

cedwardone

Trader
Jun 19, 2013
11
0
12
I still think that fx market is the most free, open and so the best market.
How can a tiny group of brokers control the market? I think government may do that though.
To predict the future prices is impossible all the time. It's just a question of probability.
 

PulseRes

Trader
Jul 30, 2013
5
0
12
Brokers are not able to control the markets, maybe they allocate some "slippage" here and there and do occasionally gun for some stop losses, but most of this can be eliminated by trading on higher timeframes.

The problem lies rather that they paint this rosy picture of earning these high rates of return, especially using technical analysis. If anybody is able to earn 100% RoR per year on a consistent basis then $10,000 invested now will give you a place on the Forbes Billionaire List in 17 years.

The brokers use these one time events of somebody earning these phenomenal returns when markets are trending as "marketing" in the same way that a casino uses these events, so looking for an alternative to forex is not really going to do the trick, figuring out how all the markets are related might.
 

eyeball

Master Trader
Sep 25, 2011
164
12
49
Yeah

Get some experience in forex, in markets in general, and business in particular before you
make some assertions about forex brokers and their so called controll of the market. The naivete of your claim is indicative of your lack of expertise
 

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
24
32
Canada
How can a "tiny group of brokers" be controlling the market, while simultaneously loosing their money to the market they control?

I agree with you 100%. It just makes no sense to think any single entity controls the market. Over $5 trillion in daily turnover, you can throw $100 billion at the market and it will smile at you.
 

Fxpipper

Master Trader
Oct 26, 2011
1,132
4
49
Hi, everyone! We are all here joined by one aim – making money online trading at the most reliable market place. Many people tend toI’m looking for an alternative to Forex. Can you please, share any ideas on this? Thanx a lot!

Come on, you have to be kidding - it is not a scam and fwiw, it takes time, patience and effort to become a successful trader.
 

michael77

Trader
Aug 5, 2013
89
0
17
It is true for those who do not understand this market and who can't analyze this market properly. It is completely impossible for anyone to get huge profit from Forex at the initial stage. You should spend at least 3 to 5 years in order to understand and make yourself better prepared for this market. Be patience, go slowly and see whee do you end up.