Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,209,549 members, 8,006,426 topics. Date: Tuesday, 19 November 2024 at 03:23 AM

Is Forex Real? - Business (29) - Nairaland

Nairaland Forum / Nairaland / General / Business / Is Forex Real? (45003 Views)

Is Forex Trading The Best Business? / Is Forex Trade Living Or Dead? / Is Forex Trading Real? (2) (3) (4)

(1) (2) (3) ... (26) (27) (28) (29) (30) (31) (32) ... (37) (Reply) (Go Down)

Re: Is Forex Real? by blaksril1: 9:35am On Sep 28, 2010
exiting now @ 1.58370 tho stiil rallying cheesy
Re: Is Forex Real? by blaksril1: 9:57am On Sep 28, 2010
honeric01:

Everyone, please DO NOT LET ANYONE TRADE FOR YOU no matter how boastfully they talk, don't give out your account to anyone, unless you don't mind losing your money.


A word is enough for the wise.
hello honeric01, i agree wit u but i believe dat there r those dat have dedicated their lives to d fx market nd r seasoned. I think ppl shud be careful but not shut out an opportunity. Wat i advice is dat b4 allown an individual or firm trade for u, apart 4rm doing qualitative research on d individual or firm also have your lawyer prepare an iron clad agreement which cud make a breach a civil as well as a criminal matter e.g false representation etc. Its akin to sayn do not buy into mutual funds cos u havent any knowledge wat the firm is using your cash for. Once d research is done n there is an iron clad agreement den u r good to go. i'm a lawyer n wud try preparing a free specimen of such a contract for nairalanders to use as a guide. Cheers.
Re: Is Forex Real? by honeric01(m): 10:04am On Sep 28, 2010
^^^^

You just don't understand what i am saying, when it comes to online stuffs like this, i repeat, people should now allow someone to trade their account (the money you cannot lose), that's what i am saying.

Physically, it's okay, but on a forum, its not okay, i may be sounding hard and harsh but i am talking from experience, alot of people come on this forum to boast about how much they make, this and that, but end up putting those who believe in them into trouble,


if you have to deal with anyone, do it in person and make sure he or she has financial backbone/assets on ground should in case things screw up and you have to get your money back.

fine, the lawyer thing is cool, but it can only be useful if you are dealing with someone you have seen before, knows his/her abode and all that.
Re: Is Forex Real? by blaksril1: 10:16am On Sep 28, 2010
Yeah, i agree ur faceless online and financial/assets backbone opinion are sooooo true. smiley
Re: Is Forex Real? by blaksril1: 8:12am On Sep 29, 2010
sell eurusd@1.36188
Re: Is Forex Real? by blaksril1: 9:22am On Sep 29, 2010
exiting now @1.35815 though its still rallying grin
Re: Is Forex Real? by themanumar: 10:42am On Sep 29, 2010
Started buying Eur/Usd at 1.3452. Still very much in dat trade with 137pips presently, no exit yet.

Started buying Gbp/Usd at 1.5791. Still very much in dat trade with 33pips presently, no exit yet.
Re: Is Forex Real? by kakshi123: 1:05pm On Sep 29, 2010
honeric01:

^^^^

You just don't understand what i am saying, when it comes to online stuffs like this, i repeat, people should now allow someone to trade their account (the money you cannot lose), that's what i am saying.

Physically, it's okay, but on a forum, its not okay, i may be sounding hard and harsh but i am talking from experience, alot of people come on this forum to boast about how much they make, this and that, but end up putting those who believe in them into trouble,


if you have to deal with anyone, do it in person and make sure he or she has financial backbone/assets on ground should in case things screw up and you have to get your money back.

fine, the lawyer thing is cool, but it can only be useful if you are dealing with someone you have seen before, knows his/her abode and all that.

One thing i know is that if we would tell ourselves the truth most people here posting signals are just looking for breakthroughs, Speak all the English in ur mouth it boils down to one human trading another human account, forget the professionalism jargon, if u are here posting signal or looking for accounts to trade you are not successful SIMPLE, no stories,
check this out
1. if u have been trading for up to 2 years and making consistent good profit u wont be here period
2. if u have not been trading up to 2 years but u are making profit u have no right to take some else account to PRACTICE ON
3. if u are so rich and just want to help out there are other ways to do it.
Forget all this boo boo. i have been in this game long enough to know that a forex trader making money online doesnt have time trying to convince people online to trade for, even with 500 and one year dedicated trading of ur own money u will be suprised where u will get to IF U ARE AS GOOD AS U SAY U ARE,
@Heronic nice one, but were u burnt also

undecided undecided
Re: Is Forex Real? by kakshi123: 1:11pm On Sep 29, 2010
my post, even if deleted i will come back

Re: Is Forex Real? by honeric01(m): 2:32pm On Sep 29, 2010
^^^^^^

Well like i said, i am speaking from experience.
Re: Is Forex Real? by kakshi123: 2:53pm On Sep 29, 2010
Quote from forex factory grin grin

And there is no one who knows how to trade. If there was, W. Buffet would be his butler and Bill Gates his foot chair. 5% per month, which many "traders" find to be laughable, make 1 trillion dollars out of $50 in less than 40 years. Unless you are a fat rat from a Federal reserve with insider's info, trading is glorified gambling no more and no less. Only ones who win are those who are lucky and quit early. Sorry.
Re: Is Forex Real? by Kashif(m): 8:02pm On Sep 29, 2010
@kakshi, you are very correct, even though I disagree with part of that quote from forex factory. I have said here before that people who do what counts dont go back to count them.

When somebody came up here and was making noise about millions he was trading, I was surprised how gullible many traders here could be. If you have experience in this business, you don't need magic to know falsehood. @honeric1, I hope you did not fall prey to this guy especially.

If you are making money, people will beg you to manage their accounts, and would be willing to do your bidding. Stay away from advertised account management and systems, they don't work most of the time. Those who can trade, those who cant train.

This is common sense if you are experienced.
Re: Is Forex Real? by honeric01(m): 8:48pm On Sep 29, 2010
Kashif:


If you have experience in this business, you don't need magic to know falsehood. @honeric1, I hope you did not fall prey to this guy especially.

[b]I[/b]f you are making money, people will beg you to manage their accounts, and would be willing to do your bidding. Stay away from advertised account management and systems, they don't work most of the time. Those who can trade, those who cant train.


Maybe i have fallen prey, maybe not, but come this weekend, you all would know the truth. lipsrsealed
Re: Is Forex Real? by blaksril1: 5:03am On Sep 30, 2010
If u dont believe dat there is money to b made in fx den dat shall b your self fulfiling prophecy. Show me a trader who neva got burned n i wud show u a person who isnt a trader. i personally got burned for more dan 2years. Warren Buffet and George Soros r forex traders. Forex is a business just like any other. It is akin to saying because a soap merchant is good den he must b a trillionaire. Forex is a business. Pessimism greatly affects trades one makes. 

@honeric01 it was nice of u to bring up your signal, after reviewn it i realized dat my signal was based on a smaller time frame dan urs. But urs enabled me learn smthing.
@kashif  hpe u r happy i stopped puttn dem pips made cos as u rightly said it gets ppl confused wink
Re: Is Forex Real? by kakshi123: 7:45am On Sep 30, 2010
if you know u have up to 1 year statement post the html, not a stupid edited word document, to give some of us hope
Re: Is Forex Real? by kakshi123: 7:59am On Sep 30, 2010
i have met a lot of fx traders, most of them are just some jobless people or persons  that want to hammer tomorrow,
ask your self this question if u had a job opportunity in a company that would pay u up to 1 mil (even 500k) per month risk free money, will u still continue fx assuming no one give u a dime of there money?

like most pastors now a days fx is just like a way out for most lazy and jobless people.

well there are the 5% that make it though


grin grin
Re: Is Forex Real? by kakshi123: 8:04am On Sep 30, 2010
honeric01:

Maybe i have fallen prey, maybe not, but come this weekend, you all would know the truth. lipsrsealed

We await our independence story
grin grin
Re: Is Forex Real? by beejaay: 2:18pm On Oct 02, 2010
This is thread is becoming very interesting. People come people go. Trade callers come and go, now we have another one. How long are u going to last.people are just too gullible

Somebody posted something that read “Great mind share ideas” thats what this thread was suppose to stand for but nah. I came to this forum advocating that people should stop calling trades instead share ideas instead everybody was calling for my head. Some other guy came came bragging about how much he have in his account and how people are queuing to have him trade for them ( i laugh in Swahili). Where is he now?
Forex is not what people think, its just like every other career (Medicine, Engineering, Sciences, Law e.t.c.). it requires great work and not just sitting infront of ur PC watching candles and tweaking indicators u know nothing about.
I have met lot of self acclaimed pros in this business and after talking with them for 10 minutes, i understand who they are. I don’t need to see ur trading acct before i know who u are( if i need somebody to trade for me, i don’t need to see ur acct before i will know whether u are capable or not.our conversation will speak volume). You don’t just wake up one day and say u want to become a doctor or pronounced urself as a doctor without passing thru primary up to university level (just because u have a key point on GYTON textbook). The same thing for Forex. U don’t just wake up one day and pronounce urself a forex trader just because u have read some stuffs , and being able to design ur platform with fancy indicators.
I have met traders with a very fancy design on their platforms, and when i asked them the underlying background of the indicators they have on their pc and why they are using it, they immediately turn to a dullard. Many people don’t even understand the calculation that went into the making of the indicator they are using ( and why those variables in the calculation are used), talk less of knowing why the originator design it. For instance i once met a supposedly called trader, and after we have xchanged greetings, the first thing he asked is “do u trade using fundamental or technical” ( i just laugh). This is the first question people ask u when u said u are a trader. the next question they will ask will be what indicator do u use or what system do u trade with (imagine).
My advice is if u really think u wanna become a trader then train urself as one.there is a difference between a qualified nurse and a quack trained in a medicine store ( though people might address both as nurse but i guess we all know better).Forex is one form of Financial Market there are many more (index, futures,option,bond,interest rate,real estate e.t.c.). u need to start by doing a detail analysis on all of this and trust me, u will begin to evolve. Find out the academic stands on trading using ur indicators. Many people don’t even know what is called the RANDOM MARKET THEORY or even EFFICIENT MARKET HYPOTHESIS. You first need to understand all this (though not compulsory but an eye opening) and once u can prove that the academics are wrong then u are on ur path to becoming a professional respected by all
I would have love to go on and on but im not really the typing type. This is going to be my 3rd or 4th post on this thread cos i don’t really have time but there are few of us that wanna help and give back to the people. We started this on the other forum b4 it was hijacked (forex trading discussion thread)
I also read through one guy post where he said there are no successful scalpers. For education sake, there are plenty. Have u ever heard of “Arbitraguers, Spread Traders,Volatility traders”. My guy pls don’t say that again cos u will only be mocking urself.
Re: Is Forex Real? by kakshi123: 6:32am On Oct 03, 2010
grin grin grin

where are u guys now?, come and tell us were EUR is going is that what u want to do till u are 50 years, buy eurusd sell ponmo etc pls lets keep the hope alive oo dont goooooo!!!


@bee jay how did u escape the deleting bot?? undecided undecided your post is long
Re: Is Forex Real? by beejaay: 8:27am On Oct 03, 2010
kakshi123:

grin grin grin

where are u guys now?, come and tell us were EUR is going is that what u want to do till u are 50 years, buy eurusd sell ponmo etc pls lets keep the hope alive oo dont goooooo!!!


@bee jay how did u escape the deleting bot?? undecided undecided your post is long


i dont know.may be luck
kakshi123:

They have come again, why not make all the money first and take us all to dinner instead of trying to sell us a system that will make us millions for 100usd shocked grin undecided
dont mind the losers, i dont why anybody will wannna sell out their winning strategies. it took more than a decade b4 the turtle system was finally revealed after so much prressure.it wasnt even revealed collectively rather some kind of a betrayal by one of the member
Re: Is Forex Real? by FxcastNig: 12:36pm On Oct 03, 2010
Hello traders, forex is very real, success depend on ur level of skill, but targeting 100% monthly is very risky, successful forex traders make 10 to 20% monthly nothing more.
Re: Is Forex Real? by blaksril1: 8:27am On Oct 06, 2010
sell eurusd @1.38616
Re: Is Forex Real? by blaksril1: 10:23am On Oct 06, 2010
exiting @1.38553
Re: Is Forex Real? by jaybee3(m): 10:36am On Oct 06, 2010
Seems honeric finally fell prey to you know who shocked shocked shocked shocked shocked
All that glitters surely ain't gold  shocked shocked
Re: Is Forex Real? by honeric01(m): 12:40pm On Oct 06, 2010
^^^^

Busy body, i have never seen a man who runs around sticking his nose in other people's business, can't you for once let things flow on their way without pending rumors? btw, when did you become my guiding angel that you stalk my posts all around NL?

Until i come out to say someone duped me, please desist from spreading or trying to spread rumors.

Thanks cool
Re: Is Forex Real? by jaybee3(m): 12:44pm On Oct 06, 2010
^^^^
You are not important enough to be followed around dude cheesy cheesy cheesy
NL is a free forum where every member is allowed to post wherever they wish. tongue tongue tongue tongue

(1) (2) (3) ... (26) (27) (28) (29) (30) (31) (32) ... (37) (Reply)

Hilarious Jumia And Konga Black Friday Tweets / Residents Loot Next Cash & Carry, As The Store Burns (Video) / Do Not Fall For These Scam!!!! ( Screen Shots)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.