Isaac Iselobhor
Private, 1st Class
- Messages
- 494
WHY DO 95% OF FOREX TRADERS LOSE THEIR MONEY? I CAME ACROSS THIS QUESTION AGAIN AND THESE ARE MY VIEWS.
It is so simple.This is because their thoughts, minds and psyche are embedded in forex technical analysis. 99.99% of these losers are those who are protagonists of technical ways of trading forex. In spite of the forex education by nearly all the forex brokers, they still lose their money. Why? Why is there a huge proliferation of forex brokers? Their number keeps increasing by the hour. THEY ALL HAVE SPECIAL FOREX EDUCATION SECTIONS ON THEIR WEBSITES AND YET 99.99% OF THEIR STUDENTS AND GRADUANDS LOSE THEIR MONEY. WHY?
The answer is this: They know once people are desperate to acquire wealth or at least have some financial freedom, they become very gullible. They easily fall prey to those hawks that are willing and ready to milk them dry. Why should forex brokers only teach them technical analysis? How SUPPORT and RESISTANCE levels can improve your trading techniques. MACD, Fibonacci, Elliot Wave etc. ,can make you a professional trader. They are aware of the facts that all these can never make one a professional trader. THESE ARE LIES, LIES AND LIES.
Let them teach you how to trade the US NON -FARM PAYROLLS if they claim to be your friends. Let them teach you how to trade CENTRAL BANK STATEMENTS, GDP, INTEREST RATES, MANUFACTURING PMI, EMPLOYMENT CHANGE and so on and so forth if they want you to attain SOME LEVEL of financial success.
Why are they showing you where the forex market price action is coming from--technical analysis, instead of showing you where the forex market price action is going-- fundamental analysis? Why will they not teach you RUBBISH when your loss is their gain. BE WISE.
Some people are too myopic to understand that anything that impoverishes the people is ANTI-PEOPLE and should be discarded. Do not be a PRISONER OF HOPE. By having hope upon
hope believing that one day you will have a breakthrough that does not come with the method you are employing. Following technical analysis is a direct invitation to poverty and losses.
What is in vogue now is that some forex brokers offer financial inducements called bonuses to forex traders to trade against them. What an irony of logic. Who is your friend? Show me your friend and I will show you your unrepentant enemy. The summary of all this is: FUNDAMENTAL ANALYSIS KNOWS WHERE ARE GOING TO WHILE TECHNICAL ANALYSIS KNOWS WHERE WE ARE COMING FROM. BE WARNED.
It is so simple.This is because their thoughts, minds and psyche are embedded in forex technical analysis. 99.99% of these losers are those who are protagonists of technical ways of trading forex. In spite of the forex education by nearly all the forex brokers, they still lose their money. Why? Why is there a huge proliferation of forex brokers? Their number keeps increasing by the hour. THEY ALL HAVE SPECIAL FOREX EDUCATION SECTIONS ON THEIR WEBSITES AND YET 99.99% OF THEIR STUDENTS AND GRADUANDS LOSE THEIR MONEY. WHY?
The answer is this: They know once people are desperate to acquire wealth or at least have some financial freedom, they become very gullible. They easily fall prey to those hawks that are willing and ready to milk them dry. Why should forex brokers only teach them technical analysis? How SUPPORT and RESISTANCE levels can improve your trading techniques. MACD, Fibonacci, Elliot Wave etc. ,can make you a professional trader. They are aware of the facts that all these can never make one a professional trader. THESE ARE LIES, LIES AND LIES.
Let them teach you how to trade the US NON -FARM PAYROLLS if they claim to be your friends. Let them teach you how to trade CENTRAL BANK STATEMENTS, GDP, INTEREST RATES, MANUFACTURING PMI, EMPLOYMENT CHANGE and so on and so forth if they want you to attain SOME LEVEL of financial success.
Why are they showing you where the forex market price action is coming from--technical analysis, instead of showing you where the forex market price action is going-- fundamental analysis? Why will they not teach you RUBBISH when your loss is their gain. BE WISE.
Some people are too myopic to understand that anything that impoverishes the people is ANTI-PEOPLE and should be discarded. Do not be a PRISONER OF HOPE. By having hope upon
hope believing that one day you will have a breakthrough that does not come with the method you are employing. Following technical analysis is a direct invitation to poverty and losses.
What is in vogue now is that some forex brokers offer financial inducements called bonuses to forex traders to trade against them. What an irony of logic. Who is your friend? Show me your friend and I will show you your unrepentant enemy. The summary of all this is: FUNDAMENTAL ANALYSIS KNOWS WHERE ARE GOING TO WHILE TECHNICAL ANALYSIS KNOWS WHERE WE ARE COMING FROM. BE WARNED.
