Everybody seems to be against forex trading here.
99- ryankett
- 2597 posts
- Joined: 17 months ago
- Hubs: 200
- Followers: 520
kkavya wrote:
ryankett wrote:
kkavya wrote:
Haha nice one, but where in this world did i said "money grows on trees".
You can try to be the cute one here but the fact cannot be hidden that forex can actually make u money or make u lost.
The proper way is to first find a good system which is atleast 60% accurate and then trade and in long run money will be there for taking.
Actually, that money was not from other trader's pocket as small investers like me contributes only 1-2% of total trading, major contributers are banks and other financial institutions.Well good luck with it, but one day you will realise that there are thousands of ways to make money. Just because you have found one, doesn't mean that you should close the door on another. My 'penny clicks' can be $10 clicks, and it is these forex companies and financial institutions that plough most of the money into google adsense too. Money moves in circles, advertising and leads are a part of that circle just like the various financial markets. If everybody moves to the same part of the circle, then the circle breaks, good on you for standing in your part of the circle.... and good for me for standing in mine.
What u wrote is like 70% write, yes many forex websites uses advertising.
But even if all of us comes in forex then also, we will only contribute 3-5% of total trade.
Forex market is so much liquid that everybody can trade, u can ask Mark knowles too.I dont need to ask Mark Knowles, I have read some of his forex hubs, and he warns people of the dangers. In fairness, you are a 20 year old lad who has $2000 in a forex account.... and Mark Knowles is an experienced man that makes thousands of dollars per month online before even taking to forex.... he has many warnings for people, maybe you should heed some of them? It could make you a better trader.
Perhaps you will understand at some point that trading currency is no different from trading a good or service. I have a friend who gets paid £150k a year to trade wheat, maize and barley. He sits in an office and trades commodities, and there is a hell of a lot less risk in trading something which people will always buy. Currency markets are volatile, we always need wheat, think about that. The world is a big place and it doesnt evolve around the latest craze/fad or what you are doing specifically. Maybe you could open your own mind to the possibilities.ryankett wrote:
kkavya wrote:
also to make it more clear, this website also grows money for the contributions we made through writing hubs, so think wt u r saying.
just widen ur level of thinking and i am sure u will find me a good member of hubpages.My level of thinking is wide enough, and my money is spread wide enough, I have never criticised you for writing hubs - so perhaps you need to widen your own level of thinking. This website does not grow money, it catches money, Tantrum had the best analogy by saying:-
"I just keep on building my web within a web and hope to catch those damn flies".
Its a good analogy, and is the reason that I have published 500 pages of online content in 4 months. I happen to then invest most of those 'flies' into private pension funds, FTSE shares, or occassionally it increases the levels of consumer spending in the UK or the USA. Now can you see how adsense is just one part of a very large circle? Somebody gives me their shares, and they take my adsense money, maybe they then purchase something from a business through an adsense click - or maybe they invest it into forex. Everything has its place, but I dont start a thread every day telling people to buy shares, or to set up an adsense account, or to put more money in their pension. And I most definitely dont tell people to click on adsense ads!yes i agree with you on money circle part but i does no bad to spread information about forex trading here.
ryankett wrote:
kkavya wrote:
ryankett wrote:
Well good luck with it, but one day you will realise that there are thousands of ways to make money. Just because you have found one, doesn't mean that you should close the door on another. My 'penny clicks' can be $10 clicks, and it is these forex companies and financial institutions that plough most of the money into google adsense too. Money moves in circles, advertising and leads are a part of that circle just like the various financial markets. If everybody moves to the same part of the circle, then the circle breaks, good on you for standing in your part of the circle.... and good for me for standing in mine.What u wrote is like 70% write, yes many forex websites uses advertising.
But even if all of us comes in forex then also, we will only contribute 3-5% of total trade.
Forex market is so much liquid that everybody can trade, u can ask Mark knowles too.I dont need to ask Mark Knowles, I have read some of his forex hubs, and he warns people of the dangers. In fairness, you are a 20 year old lad who has $2000 in a forex account.... and Mark Knowles is an experienced man that makes thousands of dollars per month online before even taking to forex.... he has many warnings for people, maybe you should heed some of them? It could make you a better trader.
Perhaps you will understand at some point that trading currency is no different from trading a good or service. I have a friend who gets paid £150k a year to trade wheat, maize and barley. He sits in an office and trades commodities, and there is a hell of a lot less risk in trading something which people will always buy. Currency markets are volatile, we always need wheat, think about that. The world is a big place and it doesnt evolve around the latest craze/fad or what you are doing specifically. Maybe you could open your own mind to the possibilities.Yes i already read many of his hubs and what he mainly wrote there is forex can make u bankrupt which is true if u don't understand this game. Forex is not from any angle is quick cash scheme. You can only do better if you know proper money management whether its forex, stocks or poker
I also trades commodities like Gold, silver oil and cofee and i knows they are fairly volatile but still with help of good indicators and chart my success ration never goes below 60%.
So, charts can definately help any trader.
95- darkside
- 4825 posts
- Joined: 3 years ago
- Hubs: 218
- Followers: 1159
kkavya wrote:
Forex is just introduced here 3 days ago.
Why r u calling this a scam, do you knows anything about forex trading.Introduced where?
Try the search in the top right hand side of this page. You might be in for a surprise that you weren't the first person to hear about it.introduce in forum, i know many of hubbers here wrote a lot of hubs about forex.
- 95
- darkside
- 4825 posts
- Joined: 3 years ago
- Hubs: 218
- Followers: 1159
kkavya wrote:
introduce in forum, i know many of hubbers here wrote a lot of hubs about forex.
We'll have to forgive you then that you've only been here for 2 weeks so you're blissfully unaware about how many times people have tried to spam the forums with threads about forex.
darkside wrote:
kkavya wrote:
introduce in forum, i know many of hubbers here wrote a lot of hubs about forex.
We'll have to forgive you then that you've only been here for 2 weeks so you're blissfully unaware about how many times people have tried to spam the forums with threads about forex.
yeah, There are many scammers who don't know anything about forex and are just the affiliates.
That may the reason why everybody seems to be against forex.Very interesting conversation about forex trading, and I do believe that in any situation something work, even in forex there are people making money and people who are loose money, it is all about risk.
Whether trading in Forex or in shares, there is an element of gambling involved. There are people who say that betting in horses too is a science and not gambling. What you calculate very scientifically based on statistics, trends, market conditions, demand vs supply and so many things just go topsy turvy in a moment if some terrorist attacks a strategic place in US!
ThinK of sub-prime crisis. Did any share trader ever expect such a huge snow balling effect?
Where the role played by chances is more
Where stakes and greed to make big money in short term are high
Where calculations and common sense are at times compromised to sentiments and gut feeling
Where risk is high
there exists an element of gambling. People get addicted to them on account of it.
CVR
75- ForexCashBack
- 14 posts
- Joined: 3 months ago
- Hubs: 17
- Followers: 17
I've been trading on the forex for the past year and have been quite successful. Lately, I've been able to take a $5,000 deposit and turn it into over $20,000 since 09/18/09. It is a form of gambling as your speculating where price will go, and looking to profit from that. It is through technical analysis that a individual can determine what position to take and when to enter/exit. I love trading on the forex, as I can get a much better ROI (+258%) on my investment than any other financial market currently available. Forex trading is not for everyone and I understand some of the backlash about the forex here. Given that so many people claim to be gurus/experts,etc or that you can make tons of money when you buy this certain forex product. I personally believe that if a person is serious about forex trading, they'll ignore all those people/products and develop their own personal trading strategy. Any forex product/system that is for sale I would not buy - the person selling it is more interested in making money selling the product then actually making people money. Cause if there was a product that made people money, why sell it?
99- Mark Knowles
- 11268 posts
- Joined: 2 years ago
- Hubs: 269
- Followers: 2378
ForexCashBack wrote:
I've been trading on the forex for the past year and have been quite successful. Lately, I've been able to take a $5,000 deposit and turn it into over $20,000 since 09/18/09. It is a form of gambling as your speculating where price will go, and looking to profit from that. It is through technical analysis that a individual can determine what position to take and when to enter/exit. I love trading on the forex, as I can get a much better ROI (+258%) on my investment than any other financial market currently available. Forex trading is not for everyone and I understand some of the backlash about the forex here. Given that so many people claim to be gurus/experts,etc or that you can make tons of money when you buy this certain forex product. I personally believe that if a person is serious about forex trading, they'll ignore all those people/products and develop their own personal trading strategy. Any forex product/system that is for sale I would not buy - the person selling it is more interested in making money selling the product then actually making people money. Cause if there was a product that made people money, why sell it?
LOLOL - a 248% ROI? Makes you wonder why any one would piss about on hubpages forum really.
Lets do the math -
$5000 into $20,000 in what? 6 weeks - Hmmm. Another 6 weeks means that will be worth $80,000 and another 6 weeks after that $240,000 LOL
Then we really start rockin' - Next 6 weeks - $960,000 and by the end of May you should have almost $4 million in the bank.
Think you will stop there or will you still be trying to sell yourself as a forex guru on hubpages?
93- wyanjen
- 1357 posts
- Joined: 5 months ago
- Hubs: 17
- Followers: 122
I've found myself lately substituting the word "forex" for "bulls##t" in casual conversation.
Yes, I use it a lot in casual conversation.
My power bill went up, and it isn't even cold yet. Can you believe that forex?!?
96- waynet
- 1137 posts
- Joined: 3 years ago
- Hubs: 368
- Followers: 684
Forex is exactly that...a gamble so just stick to what you reckon you know and forex trade away your money!!!
Why so many posts insisting people like Forex?? You posted it once, it got a negative response, so why post it again?
Your continued insistence it is a sure way to make money only proves that you have some other motive here.- 75
- ForexCashBack
- 14 posts
- Joined: 3 months ago
- Hubs: 17
- Followers: 17
Not everyone losses their money trading forex.(which seems to the be the main perception here in this forum topic.) Sure, I myself have had a few losing trades, it is unreasonable to expect that every trade will be profitable. Granted when I first started trading, I wiped out my first account. After going back to the drawing board and refining my strategy I have not wiped out my account since. Primarily because I lowered my profit expectations and have stuck to a regimented trading plan/strategy that works.
- 75
- ForexCashBack
- 14 posts
- Joined: 3 months ago
- Hubs: 17
- Followers: 17
Dr23 wrote:
Why so many posts insisting people like Forex?? You posted it once, it got a negative response, so why post it again?
Your continued insistence it is a sure way to make money only proves that you have some other motive here.you should only invest money that you can afford to lose.
- 99
- Mark Knowles
- 11268 posts
- Joined: 2 years ago
- Hubs: 269
- Followers: 2378
ForexCashBack wrote:
Not everyone losses their money trading forex.(which seems to the be the main perception here in this forum topic.) Sure, I myself have had a few losing trades, it is unreasonable to expect that every trade will be profitable. Granted when I first started trading, I wiped out my first account. After going back to the drawing board and refining my strategy I have not wiped out my account since. Primarily because I lowered my profit expectations and have stuck to a regimented trading plan/strategy that works.
LOLOLOLOL
You only expect 248% ROI? A MONTH LOLOLOLOL
Sure. "lowered your profit expectations"?
How much did you lose on your first account? $15?
ciao
Do not send me any more personal emails. - 75
- ForexCashBack
- 14 posts
- Joined: 3 months ago
- Hubs: 17
- Followers: 17
Mark Knowles wrote:
ForexCashBack wrote:
Not everyone losses their money trading forex.(which seems to the be the main perception here in this forum topic.) Sure, I myself have had a few losing trades, it is unreasonable to expect that every trade will be profitable. Granted when I first started trading, I wiped out my first account. After going back to the drawing board and refining my strategy I have not wiped out my account since. Primarily because I lowered my profit expectations and have stuck to a regimented trading plan/strategy that works.
LOLOLOLOL
You only expect 248% ROI? A MONTH LOLOLOLOL
Sure. "lowered your profit expectations"?
How much did you lose on your first account? $15?
ciao
Do not send me any more personal emails.Yes that is correct. In my opinion the quickest way to wipe out an account is to be too greedy. Considering that there are many other investments (such as mutual funds) that yield a much lower ROI on a monthly basis, in which millions of people are happy with. I am happy with what I've been able to do. I'm not out to make millions of dollars, but rather just want to have a nice steady source of income that enables me to live comfortably. Which I think everyone wants, especially now days. I only sent you an email because we can't post links here on the forum
- 93
- wyanjen
- 1357 posts
- Joined: 5 months ago
- Hubs: 17
- Followers: 122
wyanjen wrote:
I've found myself lately substituting the word "forex" for "bulls##t" in casual conversation.
Yes, I use it a lot in casual conversation.
My power bill went up, and it isn't even cold yet. Can you believe that forex?!?⇧ ⇧ ⇧ ⇧
The above comment refers to forum spamming.
Yes, you should not post links in the forums.
No, you should not e-mail links to people. Especially people you have never talked to before. Especially ME.
Do not include me in your forex spamming. - 75
- ForexCashBack
- 14 posts
- Joined: 3 months ago
- Hubs: 17
- Followers: 17
wyanjen wrote:
wyanjen wrote:
I've found myself lately substituting the word "forex" for "bulls##t" in casual conversation.
Yes, I use it a lot in casual conversation.
My power bill went up, and it isn't even cold yet. Can you believe that forex?!?⇧ ⇧ ⇧ ⇧
The above comment refers to forum spamming.
Yes, you should not post links in the forums.
No, you should not e-mail links to people. Especially people you have never talked to before. Especially ME.
Do not include me in your forex spamming.lol. last time I checked it wasn't spamming, but then maybe you shouldn't post in a topic about forex if you don't like the subject
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