Forex is a scam.

TraderJoe, is a F$%^&*G idiot and has no idea what he is talking about.
The rest of you are talking about things you have no understanding of.
The biggest scam is the stock market. Insider trading, blatant manipulation, phantom shorts, etc.
Re wealth accumulation rate, you don't read a lot of financial journals do you?
More jackasses posting opinions as if they were facts and misleading others.
Start a blog and show us how "smart" you all are. Until then STFU.

 

Just because you GET 100:1 leverage, does not mean you have to USE 100:1 leverage.

 

Wise. I trade a bank account with 1:1 leverage. I just exchange the money and I do not care a lot about getting the best price since those trades are position or medium trend following.

 

i stll can't for the life of me understand why anyone would even consider 100:1 leverage? Even 10:1 is high...Why all the screaming? Gamblers?

 

Just trade forex with a real broker like interactive brokers or Mb.

 

I thought forex was an entire scam because the only profit you make is in the currency you trade to. If you actually want to make profit in your country's currency isn't it useless?

This is why I'm sticking with commodity markets.

 

why is forex any more of a scam than currency futures though?
Im new to trading, but i have forex account alongside a demo futures account. The prices move pretty much tick for tick. The high and the lows are about the same. You get stopped out on the forex trade as you get stoped out on the 6B futures currecnt contract
You either get it right or you get it wrong.
I fail to see the problem?

 

So how much did you lose in FX?

It's certainly been no scam for me. I even use a broker with a 1-star rating on one of those "review" sites where other losing traders blame their ineptitude on their brokers.

I've never had a problem with requotes, stop hunting or other things people whine about after nearly 1,000 trades and a long string of monthly gains--at least not with my current broker.

 

Exactly.

The ones claiming it's a scam need an excuse as to why they lost a wad of cash.

 

I don't trade forex. That is not my specialty. I only trade what I understand.

But come on, when you see so many of these forex TV ads and on the bottom of these websites you see visa,mastercard,paypal,egold. and what look like casino game interfaces how could anyone not see what it is.

Anyhow Casinos, you get comped, free drinks, and everyone knows it is just entertainment.