Why You Should Never Try Forex On Your Own

tykad09

Active Trader
Jul 16, 2009
5
0
32
It's simple really, most people have a desire to earn quietly, and when it comes to money, the last thing they want to do is try a 'group effort', because most of the time a few people in the group either have a screw loose, or are too risky, or too conservative, or or or...

Unless you already have 20+ years of trading behind you, you still have A BIG learning curve to go through before you can call yourself a guru. Each step of growth and knowledge gained, will either cost you a heck of a lot of money/time through trial and error, OR you'll fluke out, and get lucky, and not have a CLUE what you just did in order to generate your profit.. ... .

While many think the risk is low, many others feel that the forex markets are like a casino, you're gambling! Unless you have a strategy, you're going off of shear luck.

So I'm hoping that you have a BIG horeshoe or two kicking around your house because luck will only get you so far in this game before... .. ... well .. ... before BAD luck happens.
 

tykad09

Active Trader
Jul 16, 2009
5
0
32
It's simple… I’ve been where you are right now, so…

I know how it feels to desperately want something better for yourself and not have the means or even know how to accomplish it.

I know how it feels to see and hear about others being debt free while debt and stress seems to be all around you.

I know how it feels to look into the eyes of a child, spouse, even yourself and know that you deserve more.

I know how all of this feels because I’ve experienced it all myself, and since my life has changed for the better with the Forex Trading, I wanted to pass along the key to my success to someone like you----someone who reminds me of my old self.
 

miskec

Active Trader
Mar 16, 2009
26
1
32
Well trading is like gambling, you never know what is going to happen. If you think that having a strategy makes it a not-gamble, then you are wrong, because even gamblers have strategies while gambling, they dont just hope to get their number 2124214 times in a row on roulette.
 

tykad09

Active Trader
Jul 16, 2009
5
0
32
Non-stop profits in Forex trading is what everybody's dreaming of. I'm sure you too wouldn't mind earning good money at little effort.

Now there's an unique opportunity to achieve this. Without going to worthless and costly trading seminars, without buying expensive software, without having to wade through tons of books and charts.

Each day of the month, every month of the year you can earn hundreds of dollars completely automatically!
 

Pinalli

Master Trader
Jan 31, 2009
334
4
54
Non-stop profits in Forex trading is what everybody's dreaming of. I'm sure you too wouldn't mind earning good money at little effort.

Now there's an unique opportunity to achieve this. Without going to worthless and costly trading seminars, without buying expensive software, without having to wade through tons of books and charts.

Each day of the month, every month of the year you can earn hundreds of dollars completely automatically!

Well.... there is no short cut to success. If you want to earn long term consistent income then you need to earn smartly with efforts.

I agree expensive softwares and books will not lead to success, only and only your efforts and strategies can make your earn in longer way.
 

forexboy

Active Trader
Well.... there is no short cut to success. If you want to earn long term consistent income then you need to earn smartly with efforts.

I agree expensive softwares and books will not lead to success, only and only your efforts and strategies can make your earn in longer way.

I'm giving all of my efforts and time in forex but I am still losing. Is forex really a matter of gambling?
 

jmillions100

Active Trader
TRADE FOREX, don't gamble!!

Well trading is like gambling, you never know what is going to happen.

Well, I guess you better get out of the market then.

Trading FOREX is no gamble at all. You need a proven system, stick to it and you will make money. If you do not have a proven system (whether it is with which leg you get up in the morning or reading 100 newspapers) you better play Bingo.

I am long the EUR since 7/10 (1,3950 on the Sep contract) and short on the Dollarindex DX since 7/07 (80,865 on the Sep contract).

This is no gambling.;)
 

forexboy

Active Trader
Well, I guess you better get out of the market then.

Trading FOREX is no gamble at all. You need a proven system, stick to it and you will make money. If you do not have a proven system (whether it is with which leg you get up in the morning or reading 100 newspapers) you better play Bingo.

I am long the EUR since 7/10 (1,3950 on the Sep contract) and short on the Dollarindex DX since 7/07 (80,865 on the Sep contract).

This is no gambling.;)

Thanks you've given me back some encouragement. I know that forex can not be considered as a form of gambling.

It seems that you are already a successful trader, can you give some advice to me as a newbie trader please...
 

Pinalli

Master Trader
Jan 31, 2009
334
4
54
Forex trading is risky my friends, if you are not prepared you can loose your shirt.

Is it so? Guys there are things called money management, risk management which can reduce the risk to minimum.

If forex i done wisely, this market is full of opportunities.
 

forexexchangeguides

Active Trader
Jul 8, 2009
24
0
32
Hi friends,

Always remember that aside from promising earning potential that you can have in Forex Market, there are also underlying risks that you have to consider!

Cheers,
 

Sofia

Master Trader
Jun 20, 2009
112
2
47
One of the reasons is that trading systems eliminate guesswork. For example it could tell you how much to risk per trade, and when to get in or out of a trade.

Another important reason is that trading systems are verifiable. What does this mean? For example you could run that system on historical data and see how it would have performed in the past. So if you have sufficient insight on technical analysis, it could help you figure out how the system would work for you in the then prevalent market conditions.
 

FXexpert

Master Trader
Dec 13, 2008
503
3
47
Exactly, trading systems with quality backtests can be very helpful for traders of any experience level, however I still recommend trying the system on a demo account first.
 

Pinalli

Master Trader
Jan 31, 2009
334
4
54
I'm giving all of my efforts and time in forex but I am still losing. Is forex really a matter of gambling?

Ohh poor! There are good day and bad days, there are good weeks and bad weeks, there are good months and bad months. Don’t let a bad day, week, or month put you down. Learn not to measure results in the very short term. Many traders give up after having three or four bad days. Don’t! Know that its part of the business. Hang in there, manage your money well, be persistent and I promise you it will pay off!
 

herry_fxhope

Active Trader
Aug 21, 2009
18
0
32
Well trading is like gambling, you never know what is going to happen. If you think that having a strategy makes it a not-gamble, then you are wrong, because even gamblers have strategies while gambling, they dont just hope to get their number 2124214 times in a row on roulette.