what is this forex ?

[Pharaoh]

Anyone can make 700% in 3 weeks - but only if there are 8 willing participants ready to be managed.

First, pick a nice volatile pair. Then place large high leverage trades in all accounts. 4 are long, 4 are short. Chance are, within a week, 4 accounts doubled (100% gains) and 4 margin called.

For week 2, split the survivors and take 2 long and 2 short. 2 double (300% total gain) and 2 more get wiped out.

For week 3, repeat. 1 more account bites the dust and the grand prize winner ends with his initial investment plus 700% profit - total comes to 8 times the initial investment.

Of course, a bad whipsaw at just the wrong level at just the wrong moment could wipe out all the accounts.

This is how some "super account managers" work. They just keep asking that week's "winners" to invest more and recruit friends and claim that those who lost somehow did something wrong (like agreeing to let a scammer like this manage their accounts).

 

[FXWarriory]

So, let's say you put in $1000. In 3 months, you would have $4000 ($3000 returns, plus your original money). In 6 months, you would have $16,000. In 9 months, you would have $64,000. In a year, you would have $256,000. In 2 years, you would have over $65 million. In 3 years, you would have over $16 billion. In 4 years, you would have over $4 trillion. In 5 years, you would have over $1 quadrillion dollars.

Ask yourself this. If these "guaranteed" returns weren't complete science fiction, why didn't President Obama (who should be able to quickly verify which companies can really make these returns) place $1000 in an account just after he took office in January 2009? He'd be sitting on over a quadrillion dollars now and could pay off the debts of the US (and all other nations) and declare an end to taxation in the USA.

If you want to know what real forex is (instead of believing the lies many companies will spew to get money out of your pocket), spend some time getting a free education on the subject here:

https://www.forexpeacearmy.com/fore...y-school-complete-forex-education-pro-banker/

In 5 years, he'll be the one ruling the forex market prices

 

[downtrend]

Anyone can make 700% in 3 weeks - but only if there are 8 willing participants ready to be managed.

First, pick a nice volatile pair. Then place large high leverage trades in all accounts. 4 are long, 4 are short. Chance are, within a week, 4 accounts doubled (100% gains) and 4 margin called.

For week 2, split the survivors and take 2 long and 2 short. 2 double (300% total gain) and 2 more get wiped out.

For week 3, repeat. 1 more account bites the dust and the grand prize winner ends with his initial investment plus 700% profit - total comes to 8 times the initial investment.

Of course, a bad whipsaw at just the wrong level at just the wrong moment could wipe out all the accounts.

This is how some "super account managers" work. They just keep asking that week's "winners" to invest more and recruit friends and claim that those who lost somehow did something wrong (like agreeing to let a scammer like this manage their accounts).

You cannot trade in this manner no matter what you do. You can lose all of your money sooner or later, so there is no need to trade in such fashion. Instead you should trade safely by using good money management and a proper strategy.

 

[Pharaoh]

You cannot trade in this manner no matter what you do. You can lose all of your money sooner or later, so there is no need to trade in such fashion. Instead you should trade safely by using good money management and a proper strategy.

No rational person trading his own money would trade this way. I'm not talking about normal trading, I'm showing how a scam works.

Many scam account managers trade in exactly this fashion. A person likes that doesn't care if all of the accounts are eventually wiped out. For the sake of simplicity in the above calculations, I didn't show how each time an account ended the month in profit, the manager collected between 15 and 50% of the winnings.

Once all the accounts are wiped out, the manager simply opens a new website with a fake track record and repeats the procedure. His investment - $20 or so for a simple website. $100+ for a nicer one. His take - a big chunk of the profits from each account that survives the month. If he's really greedy, he'll make all clients sign up under his IB link so that he can get a cut of the spread from all trades on all accounts, even on the accounts that get destroyed during the first month. All losses are covered by those who didn't do their homework and believed wild claims of profitable trading.

 

[iMusingKiMi]

Let's go Casino and play Baccarat.

First hand, bet 100 on Player. If loss, go home.
If win, 2nd hand bet 200 on Player. If loss, go home.
If win, 3rd hand bet 400 on Player. If loss, go home.
If won, no more 4th hand.

Yes, I got my 700% in less than 30 mins instead of 3 weeks.

 

[downtrend]

Let's go Casino and play Baccarat.

First hand, bet 100 on Player. If loss, go home.
If win, 2nd hand bet 200 on Player. If loss, go home.
If win, 3rd hand bet 400 on Player. If loss, go home.
If won, no more 4th hand.

Yes, I got my 700% in less than 30 mins instead of 3 weeks.

But gambling doesn't count as business, whereas there are many who are trading, considering forex as pure business. However a person can open a stunt account, where he can deposit slightly reasonable amount and can trade in gamble style to get some quick returns.

 

[achingbulbous]

Forex is the world's most traded market, with an average turnover in excess of US$4 trillion per day. Compare this to the New York Stock Exchange, which has a daily turnover of around US$50 billion and it's easy to see how the foreign exchange market is the biggest financial market in the world.

 

[NicholasM]

Forex is the world's most traded market, with an average turnover in excess of US$4 trillion per day. Compare this to the New York Stock Exchange, which has a daily turnover of around US$50 billion and it's easy to see how the foreign exchange market is the biggest financial market in the world.

In a way, the stock market is also part of the Forex market, so it is never going to outgrow the Forex market. i.e, How many stock traders need to convert various currencies in order to buy stocks in USD? I bet a good number.

Additionally, with Forex, we a have a huge team of Institutions participating including hedge funds, brokers, banks, CBs etc. How many of these participate in stock trading on a daily basis? Notice that investing in stock is long-term in nature, and hence it is rarely that you would comes across stock traders buying and selling stocks everyday.

Furthermore. here we are talking of Forex, globally, while NYSE is just one of the three major exchanges in the U.S.

 

[Pharaoh]

But gambling doesn't count as business, whereas there are many who are trading, considering forex as pure business. However a person can open a stunt account, where he can deposit slightly reasonable amount and can trade in gamble style to get some quick returns.

It you are gambling with someone else's money and get a cut of any profits (and possibly even a small fee per bet), it can be a business - for you. For the people who are dumb enough to give funds to you, it's an investment - a very bad investment.

 

[Kokomaster]

This is a market where we buy and sell different currencies and if you can help yourself to practice good, you can come up with the best strategy to make good profitable trade. We should learn and try to manage loss which can be faced in forex.