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What They Don't Tell You About Forex ! - Investment (2) - Nairaland 4g6ub

What They Don't Tell You About Forex ! (56368 Views)

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BarrElChapo(m): 10:20am On Apr 17, 2021
Easiest way to cry grin

4 Likes

dederocs(m): 10:20am On Apr 17, 2021
True

2 Likes

naijadjmixtape: 10:24am On Apr 17, 2021
dont invest what you cannot afford to loose, for gospel and foreign dj mix visit naijadjmixtapes.com.ng
SmartPolician: 10:24am On Apr 17, 2021
BadRadio:
huh?

Huncle, I have seen forex traders who make good money from it.

ittedly, I agree with most of your points except forex making you rich.

1 Like 1 Share

felixzo1(m): 10:25am On Apr 17, 2021
most people coming into trading forex enter it with a wrong mindset, its agreed there are endless opportunities in the market, but its difficult getting consistent profits in the market, only few traders make above 50 % of their trading capital consistently year in year out.

2 Likes 1 Share

fujirice: 10:34am On Apr 17, 2021
BadRadio:
sometimes it baffles me how u lots talk about making money but yet u all are still very much interested in training fees... focus on the so called streams and let people choose where to put their monies.
Gbam!!!
People that make the monies don’t have the time to be training other people to come and push them off the same business they are making alot from.
It doesn’t add up for me.

Look at the likes of Dangote, Mark and the rest, they are busy either buying up other business that will pose as a threat to them or stifle them out of business.

It is only forex and marketing that these people will not let us hear word about making money.

20 Likes 1 Share

BigCowH0rn: 10:35am On Apr 17, 2021
BadRadio:
90% Forex brokers do not trade but they want you to.

Forex will not make you rich.


No matter how u master the art of Fx trading, you must blow up your at least once.


The best forex teachers are not the best forex traders. Dont be surprised that those who tutor you on Fx trade do not have any Fx trading in their name.


There is always a bigger margin for losses than gain in Fx.

Forex brokers earn when u loose or gain while trading...

Forex brokers volunteers to teach you how to trade for free without a fee, but their reward is having you sign up with them and invest, every time you take a trade position they take a percentage of it through spreads.

Those who makes average success trading forex is less than 30% and these set of people are the ones who makes Fx their main source of income and not a side hustle.






Chanzen na only God know how much you lose come dey disturb us for here.

I don't touch fx.

1 Like

LagbajaTheBEREAN: 10:37am On Apr 17, 2021
Funny thing, I lost close to half a mill on this ForEx talks, though it via a private investor.

I've close to $500 trading bonus to start with again but the spirit no gree me and our mentor for WhatsApp just wan cash out, Baba no wan put us through the basics at all...

5 Likes

Princewill1(m): 10:38am On Apr 17, 2021
All businesses that all you do is to speculate are the same. Examples: stock trading, sports betting, Forex trading, binary options, crypto currencies. They are all the same, nothing different. Just a change of name.

Speculation is simply prediction.

It's stupidity to call sports betting gambling and Forex trading an investment.

Gambling is 'risking money to make more money.' Same 'risking money' that people do when trading Forex.

Forex is bet9ja in disguise!

25 Likes

Exclusive101: 10:38am On Apr 17, 2021
Show us your forex or shup up.

Forex is fraud simple as that.


BadRadio:
If you cant manage risk forget Fx

2 Likes

Adeh2009(m): 10:40am On Apr 17, 2021
BadRadio:
90% Forex brokers do not trade but they want you to.

Forex will not make you rich.


No matter how u master the art of Fx trading, you must blow up your at least once.


The best forex teachers are not the best forex traders. Dont be surprised that those who tutor you on Fx trade do not have any Fx trading in their name.


There is always a bigger margin for losses than gain in Fx.

Forex brokers earn when u loose or gain while trading...

Forex brokers volunteers to teach you how to trade for free without a fee, but their reward is having you sign up with them and invest, every time you take a trade position they take a percentage of it through spreads.

Those who makes average success trading forex is less than 30% and these set of people are the ones who makes Fx their main source of income and not a side hustle.





You really sound very funny or will i call you amateur

My Mentor earns $250,000 - $400,000 on his trading s monthly. am talking about his real trading s. he has upto 4 trading s with each funding on $100,000 deposit. he doubles his every month. sometimes, when the market is bad for the month he takes home upto $250,000 that particular month.

Please don't say what you have no clue about. make your research very well. Forex can make you really good income and make you very RICH.

7 Likes 1 Share

Adakintroy: 10:40am On Apr 17, 2021
Forex is like any gambling.

The pundits hardly participate. Cus nobody knows how it will go.

You see them with shining teeth and pretty ladies. Like all you have to do is predict and win big".

Yeah right.

Enter you go know say no be eye them take de shop eba them take de share meat.

My greatest deliverance na leaving gambling.

When I see this young generation talk about it with ion. Am like i hope it's more kind to you.

15 Likes 1 Share

abbeynism(m): 10:41am On Apr 17, 2021
Most of these people against OP have actually not been in a journey of forex for so long. Or they have not gone to a stage of them wanna be a forex broker.
If you really want to know what forex is,bgoogle search How to be a forex broker.
Read all the details on the companies that offer these services and you will accept for3x is gambling...
Not until then, you will still believe there is money in forex trading...

3 Likes

Exclusive101: 10:44am On Apr 17, 2021
Nobody will chat you up to defraud them. Post picture of your forex to let people see how you have been earning profit then they can decide to message. If you post edited or photoshoped screens hot here na Ogun n Amadioha go collabo strike you dead.

To all intending forex trader if any claims he can teach you forex, simply hand over your money to him to give the the monthly or weekly return he assured he can generate. If he to turn it over in 3 moths with you initial capital still intact na genius be that but ensure you initial capital is available so that it does not turn out that he is paying you from your initial capital. A word they say is enough for the wise.


elvhinzey:


Mr. Radio, you have said your mind as regards Forex; which is a good.one.

I stand to disagree with your notion: 'Forex won't make you Rich?'

Why would you say such a misleading thing?

Until you humble yourself to get a proven and profitable mentor; you will keep blowing s

OR
learn it the hard way after accruiing debts on you.

I giggled when i read the part you said,' Some Forex tutors don't have a live attched to their name smiley'

Funny though, but there seems to be an iota of truth in that.

So, Mr. Radio, you need to harness your trading psychology and get a mentor.

I can recommend you a course that will make you profitable depending on your pace in learning new stuffs. 'Olufukeji Ejimi Adegbeye' on Facebook.

Search for 'Sunshine Scalping Strategy' on Facebook to his students and make your way to the pedestal of your Forex Journey.

Thank me later.

Cheers!

2 Likes

tunjijones(m): 10:44am On Apr 17, 2021
BadRadio:
90% Forex brokers do not trade but they want you to.

Forex will not make you rich.


No matter how u master the art of Fx trading, you must blow up your at least once.


The best forex teachers are not the best forex traders. Dont be surprised that those who tutor you on Fx trade do not have any Fx trading in their name.


There is always a bigger margin for losses than gain in Fx.

Forex brokers earn when u loose or gain while trading...

Forex brokers volunteers to teach you how to trade for free without a fee, but their reward is having you sign up with them and invest, every time you take a trade position they take a percentage of it through spreads.

Those who makes average success trading forex is less than 30% and these set of people are the ones who makes Fx their main source of income and not a side hustle.





A guy in Benin took his time to put me through forex trading and told me abt how much i can gain by trading. I now asked him what wld be your gain in all this. He became so upset and was shouting. Someone that was convincing mr to drop abt 680k to buy forex robot and start trading ooo. He has even convicted me already na just God say make i ask that question.

The way he flared up when i asked the question i knew there was something shady abt the whole forex robot ish...

12 Likes 1 Share

advanceDNA: 10:44am On Apr 17, 2021
SavageResponse:


I don't agree with the bolded part, I think the percentage of those who can be said to be successful and profitable forex trader is even less than 10%!

I disagree, it’s less than 1%

7 Likes

big7: 10:45am On Apr 17, 2021
felixzo1:
most people coming into trading forex enter it with a wrong mindset, its agreed there are endless opportunities in the market, but its difficult getting consistent profits in the market, only few traders make above 50 % of their trading capital consistently year in year out.


If you make 30% of your capital it good profit with proper risk mgt... The Op lol has been manipulated so he thinks his broker is the problem.. Bruh go learn more.. Its not a get rich scheme

3 Likes

Christie171(f): 10:46am On Apr 17, 2021
Adeh2009:


You really sound very funny or will i call you amateur

My Mentor earns $250,000 - $400,000 on his trading s monthly. am talking about his real trading s. he has up to 4 trading s with each funding on $100,000 deposit. he doubles his every month. sometimes, when the market is bad for the month he takes home upto $250,000 that particular month.

Please don't say what you have no clue about. make your research very well. Forex can make you really good income and make you very RICH.
Do you yourself his follower have one real of your own?

10 Likes

nedekid: 10:46am On Apr 17, 2021
Walai, you just said the absolute truth.
Years back when forex was the in thing. I had a guy that was training people. Collecting big money from them. But as I was close to him, he confided in me he had never traded with his own money. He only did demo trading. I asked why? He looked at me and asked if he looked deranged. Say him no fit try am. Lol

10 Likes 1 Share

big7: 10:47am On Apr 17, 2021
LagbajaTheBEREAN:
Funny thing, I lost close to half a mill on this ForEx talks, though it via a private investor.

I've close to $500 trading bonus to start with again but the spirit no gree me and our mentor for WhatsApp just wan cash out, Baba no wan put us through the basics at all...


LOL your mentor might be trading with robots lol.. Might not even be so good price action wise lol.. Make I no talk this level
africonn: 10:48am On Apr 17, 2021
SmartPolician:


Huncle, I have seen forex traders who make good money from it.

ittedly, I agree with most of your points except forex making your rich.
Mostly na audio, a lot of scammers claim to be trade fiat currencies
Adeh2009(m): 10:49am On Apr 17, 2021
Christie171:
Do you yourself his follower have one real of your own?

YES! I trade myself but still under his mentorship

1 Like

Exclusive101: 10:49am On Apr 17, 2021
Bro less than 1%.

I have been following forex trading since 2009 n all those teaching me forex left forex to do the biz I do after I told them. Me I cannot keep pumping my money on what does not gurante a return in whatever form.

The only earners in forex are those teaching n selling forex journals. Real forex traders can't even manage demo into profit. The dude making mouth in the front page I ready give am. 100K free if he can manage any demo I create on any platform of his choice into profit.




SavageResponse:


I don't agree with the bolded part, I think the percentage of those who can be said to be successful and profitable forex trader is even less than 10%!

9 Likes 1 Share

Re: What They Don't Tell You About Forex ! by Nobody: 10:50am On Apr 17, 2021
After learning all the best forex strategy ever forex is mainly about leverage /risk management

I have seen a boy of mine turn 200$ to 1500$ and then to 7000$ and then blow it all off on XAU/USD why ? He took heavier lots to maximize his gains and never used a stop loss and of course got a margin call

If you have 10000$ and u take a maximum 1 lot across all trades let’s say you suffer a draw down of -1000$ But then u have enough margin to stay in that trade even if it’s up to a year for it to retrace and put you back in the blue , imagine having a retail of 1000 and u suffer a draw down of even -500. , that’s half ur gone and if u no get mind na close with loss

I do not entirely agree with the op you can indeed make money on forex with a sizeable and strict risk management

6 Likes

Exclusive101: 10:51am On Apr 17, 2021
Are u rich now ?

ayomide3000:
Forex can actually make you rich if you have the knowledge, but won’t make you rich if you lack the knowledge.

3 Likes

Ibfpleasant(m): 10:51am On Apr 17, 2021
BadRadio:
If you cant manage risk forget Fx
This is the fact! Op, I know people with risk management that are doing fine with Forex, only greedy people catch up with spike!!

1 Like

Lewisdinho(m): 10:52am On Apr 17, 2021
Lol...
SavageResponse:


I'm not a forex trader and have no experience in it.

The only thing I know about forex trading is based on the research I have done and information I have suggests that only a very small percentage of forex traders are actually profitable...the rest who are in the majority are busy chasing referral bonus, training fees, third party management etc.

It's mostly the failed ones that open threads on Nairaland trying to deceive people with the 'Audio money' they're making from forex trading eg Leonardemma1 etc
LagbajaTheBEREAN: 10:52am On Apr 17, 2021
big7:



LOL your mentor might be trading with robots lol.. Might not even be so good price action wise lol.. Make I no talk this level
It's understandable..

Either ways, I've count my loss already...
Pgltm: 10:53am On Apr 17, 2021
Google ref Wayne op

1 Like

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