/biz/ - Business & Finance

[Anonymous No.1351937]

- Anyone here have a successful and durable experience in forex trading ?
- What's techniques did you use ?
- With how much money did you begin ?
- Gives me advice for a beginner like me, please.

I am really sad when i read specialized forums in forex, why?
Because all the trading journal I read ends the same way :
They end up losing all their gains and have their account to 0 dollars, after 6 months or 1 year.

I need testimonials from people who really live forex successfully since several years.
http://forums.babypips.com/newbie-island/70214-truth-about-forex-you-cant-become-rich.html


I think this method is the best to learn forex or index cfd:

Depositing tiny amount less than € 200 and try to make it grow until 1000, once in 1000 reached 900 withdraw.
With the remaining € 100, try to grow them again to € 1,000, remove 900 ... etc.
Do it 10 times successfully
Instead of dropping € 50,000, losing after six months, redeposit € 20,000 and lose again after one week.

Warning : this thread is only for winner in forex market.

[Anonymous No.1352001]

[Anonymous No.1352059]

>>1351937
>empty thread
There's your answer

[Anonymous No.1352064]

I inherited 6 million usd, planning to go long on zwd, will let you know how i go.

[Anonymous No.1352161]

from the other thread, i made 3k in a few hours with forex, i dont see all the risk you guys talk about, i know that your investments can take a turn for the worst. can someone explain to me why you can't make money on forex by being smart, ie selling if you think its going to crash, buying when it does crash etc.

im just using the demo trading simulator so i'm really not experienced with forex but i dont see whats so difficult or bad about it.

[Anonymous No.1352163]

>>1352161
just check out the robinhood general to see other anons gamble away their money
>BUT I'M SMARTER, I KNOW IF THE PRICES WILL GO UP IR DOWN
sure you do.

[Anonymous No.1352176]

>>1352163
its not necesarily about knowing when the prices will go up or down, its about identifying low spots and high spots, and holding onto your shit until it hits a high spot.

[Anonymous No.1352179]

>>1352176
>>1352161
wew these two are both me i think my ip changed or something

[Anonymous No.1352238]

>>1352161
>im using a demo sim
>but i don't understand what risk you guys are talking about

[Anonymous No.1352251]

>>1352238
care to explain the differences between demo and real forex trading? im here to learn, i just dont see why its so risky

[Anonymous No.1352302]

>>1352251
you'll always be hit for the price you want with a demo, but you might not get hit for the price or the size you want in real life. depending on your broker, they will slip your price in their favor 100% of the time. (metatrader) then you have brokers who'll take the other side of your trade along with a lot of others and then show on their platform that price is doing down go stop hunting.

they might even not allow you to get out of a trade until you're margin called. they might just cancel your winning trade. they just might cancel your account if you made too much money off of them before they could offset the risk.

then you have real emotions with real money. can you handle losing 100 right now? what about 10,000?

[Anonymous No.1354156]

>>1352302
sounds like something you really need proper experience with, i might try using just the free $30 that you start with.

what you mention could end up with small losses, but i still don't get how you can end up losing all your money, unless you place all your money in a single currency.

[Anonymous No.1354767]

>>1354156
>i might try using just the free $30 that you start with.
Careful. If you lose your initial $30 in FOREX you will owe more than $6,000 to your broker.

[Anonymous No.1354832]

>>1354767
what the fuck? how does that make any sense, if my investment makes a loss of 30 dollars they will cut my account but they cant make me pay 6 gorillion dollars to them.

[Fergus No.1355319]

It is very different using real money. With a demo account there is no emotion involved. Very different when your hard earned money is at stake. This is why there are few self made millionaires in forex, they often have to build up exerience and confidence in a large firm and still fail when they try their own. It takes a lot of strenght/money to be able to detach oneself from the risk of losing more than invested of your own money.