Do you think forex is money factory

Floriano

Recruit
Messages
70
I think Forex is a money factory and we can earn lot of money from forex. Are you agree with me? Plz give your views.
 

Woulter

Banned spammer for 4XP
Messages
10
Not totally, if you are not concentrate and you don't study enough it's a loose factory
 

Red Herring

Corporal
Messages
388
I think Forex is a money factory and we can earn lot of money from forex. Are you agree with me? Plz give your views.
Nor agree.
Its a great place to lose money and invest again and in the process of losing money it gives us thrill that inspires us to invest again.
 

Pharaoh

Colonel
Messages
19,722
Forex is a money factory - for forex brokers and marketers of forex products.

For traders, it is a money making opportunity, but only for those who are willing to put real effort into learning and trading.
 

itkraze

Private, 1st Class
Messages
200
Forex can be money machine for those traders who are having proper trading skills and knowledge and has ability of earning good and consistent profit so trader should focus on learning first and then start trading in real account.
 

AndrewSW

Recruit
Messages
9
Yes, forex is the money factory. But the traders are only the employees of this factory, while brokers are the managers and banks are the owners.
 

DitterPD

Private, 1st Class
Messages
147
Damn I love these threads. Why nobody closes them? :D

Well, Floriano, regarding your question, here is my short and sharp answer (I hope you are ready for it):

NO. I don't think Forex is a money factory. Federal Reserve is a money factory.

Forex is just big market or as someone from the east would call it - bazaar. Bazaar where you can find all type of crazies and intelligent people, businessmen in shorts and well dressed "suits" living on a welfare, red headed hotties and toothless duck-faces.. So here you are.. Are you happy?
 

Rambo35

Corporal
Messages
280
A money factory, interesting way to put it but I wold have to disagree. On the other hand as Pharaoh pointed out ti depends on which end of the table you are sitting on. Traders with the mindset that forex is a money factory as you say or a place to get rich quick end up filling the accounts of others so on behalf of all those; thanks (I guess).
 

rwtc

RWTickChart.com Representative
Messages
17
For me it is the same if it is a money factory, a bazaar or anything else, until the small traders get a chance to trade and earn some money
 
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