Is online FOREX just a gian SCAM? - GoFuckYourself.com

$5 submissions · 04-03-2011, 04:18 PM

Is it a scam or is it just people losing money moaning and whining? Maybe the article below would be more credible if there's a side by side comparison of loss rates broken down by investment types. Anyway, posting it here cuz it's an interesting read.

Source: http://www.latimes.com/business/la-f...7.story?page=1

Quote:

An estimated 615,000 Americans are dabbling in foreign currency trading, encouraged by advertising from the two biggest U.S. brokers, FXCM Inc. and Gain Capital Holdings Inc., both based in New York.

Combined, FXCM and Gain have about 260,000 accounts, a third of them in the U.S.

These customers are losing money in spectacular fashion.

At FXCM, 75% to 77% of customers lost money each quarter last year, according to newly required disclosures to the Commodity Futures Trading Commission. At Gain, which operates through http://www.forex.com, the number of unprofitable customers hovered between 72% and 79% every quarter last year, according to its filing.

Deputy Chief Command · 04-03-2011, 04:44 PM

it is not a scam but only a small percentage of people who actually know what they are doing are making money on it ..

just like with poker you need "fish" .. and just as with poker they are always looking for new fish ...

the more people that lose money on it , the more other people can make with it .. forex trading used to be only for Big Banks and you needed a lot of money to be able to do it ..

there was a reason it was like that ... only big money and expertise can generally speaking make real money on it .. all the rest can forgot about it ... but them pumping money in it makes it even more profitable

seeandsee · 04-03-2011, 05:13 PM

they fuck people legaly with forex

Sausage · 04-03-2011, 05:27 PM

Forex is definitely not a scam.

Of course you get idiots who don't understand currency movements and economics on there who are just essentially gambling, but if you know your shit then you can do very well on forex. You really do need to have your finger on the pulse though.

Profits of Doom · 04-03-2011, 05:32 PM

Forex is one of those things I've always been interested in but never pursued because there just isn't enough time in the day. Penny stocks, on the other hand, have recently become my new hobby/obsession...

AdultKing · 04-03-2011, 05:50 PM

That's all I want to do, look at ANOTHER page of stats and numbers!!

I might leave Forex to the people who like looking at screens full of stats.

Chosen · 04-03-2011, 10:35 PM

Quote:

Originally Posted by Deputy Chief Command

it is not a scam but only a small percentage of people who actually know what they are doing are making money on it ..

just like with poker you need "fish" .. and just as with poker they are always looking for new fish ...

the more people that lose money on it , the more other people can make with it .. forex trading used to be only for Big Banks and you needed a lot of money to be able to do it ..

there was a reason it was like that ... only big money and expertise can generally speaking make real money on it .. all the rest can forgot about it ... but them pumping money in it makes it even more profitable

What he said

$5 submissions · 04-03-2011, 10:41 PM

Quote:

Originally Posted by Profits of Doom

Forex is one of those things I've always been interested in but never pursued because there just isn't enough time in the day. Penny stocks, on the other hand, have recently become my new hobby/obsession...

definitely a very interesting market.

Supz · 04-03-2011, 10:51 PM

A lot of people jump into it head first, instead of getting there toes wet a little without really doing some hardcore studying. You have to put in a lot of time reading paterns and so on so forth. Also, the leverage on Forex is much higher then on stocks. So it is a lot easier to lose money a lot faster.

PS. If anyone is doing automated trading with MetaTrader or something similar from home/office I might have something that interests you. Feel free to hit me on ICQ.

janosik · 04-04-2011, 01:00 AM

I have been studying and backtesting forex for 2 years. Lost a lot of money at the beginning but now I make more on Forex than I ever did with adult ;)

$5 submissions · 04-04-2011, 01:05 AM

By the way, if anyone is PROMOTING this niche, I have a forex PLR content package -- 25K words for only $100 Check it at http://gofuckyourself.com/showthread.php?t=919621

facialfreak · 04-04-2011, 01:27 AM

Quote:

Originally Posted by $5 submissions

By the way, if anyone is PROMOTING this niche, I have a forex PLR content package -- 25K words for only $100 Check it at http://gofuckyourself.com/showthread.php?t=919621

SWEET!!! So your question was just baiting us, to see if there was enough interest to spam your content package? Well played!

HomerSimpson · 04-04-2011, 02:15 AM

Quote:

Originally Posted by facialfreak

SWEET!!! So your question was just baiting us, to see if there was enough interest to spam your content package? Well played!

u-Bob · 04-04-2011, 02:29 AM

It' like any other 'business', people think it's easy to make money while in reality it takes work, commitment and creativity (the ability to think).

Klen · 04-04-2011, 04:14 AM

Funny i just signup to forex dot com before few days.But yes seems to make to make it work you need to lose money for first two or three years before you figure out how things works.

pornguy · 04-04-2011, 06:50 AM

Not a scam at all. you just need to know what you are doing what the currency is doing and hot to gauge if its going to drop or rise.

xmas13 · 04-04-2011, 09:04 AM

No no, not a giant scam. Just a giant joke.

ottopottomouse · 04-04-2011, 09:09 AM

Good bit of fishing

moeloubani · 04-04-2011, 10:43 AM

Like 5 years ago I was just dabbling and lost $500 super quick in a Marketiva account. So easy to lose money with Forex you have to be able to wait something out in the long term.

shade001 · 04-04-2011, 10:47 AM

Quote:

Originally Posted by Sausage

Forex is definitely not a scam.

Of course you get idiots who don't understand currency movements and economics on there who are just essentially gambling, but if you know your shit then you can do very well on forex. You really do need to have your finger on the pulse though.

I have my finger on someone's pulse right now, bro. Yours.

INever · 04-04-2011, 10:55 AM

Basically it's all about support, resistance, pivot points and daily/weekly/monthly high/lows.

Study 1 currency pair and 2 related pairs and get to know their movements and habits.

Patience is the key factor. It also helps if you're connected with a Central Banker...

djroof · 04-04-2011, 10:57 AM

who cares with Forex?

INever · 04-04-2011, 11:05 AM

Quote:

Originally Posted by djroof

who cares with Forex?

The recent movement of USD/YEN from "all time low" of 76 back to 82 = investment of $10,000 rising to $80,000 if you "bet it all". Those profit/loss #'s show the 80/20 rule in effect.

Cyber Fucker · 04-04-2011, 11:09 AM

Not a scam.

u-Bob · 04-04-2011, 01:06 PM

Quote:

Originally Posted by INever

It also helps if you're connected with a Central Banker...

priceless

{Psycho} · 04-04-2011, 01:35 PM

They are 100% legal and legitimate

$5 submissions · 04-04-2011, 01:53 PM

Quote:

Originally Posted by facialfreak

SWEET!!! So your question was just baiting us, to see if there was enough interest to spam your content package? Well played!

Just a coincidence since we have other older PLR packages. You don't see a rash of threads about debt consolidation or casinos or lawsuit loans, right?

Check out the first post's article link to put the loss rate in context

DiF0r · 04-15-2011, 02:11 AM

I'm trying my luck and my knowledge on some forex bonus accounts now..
You get 10$-20$ free without deposit by some brokers.
I've already made 100$ profit from a 20$ bonus acount

haissem-o · 04-15-2011, 02:53 AM

i lost a $1000 at forex in just 3 days... it's addictive but i think most of the traders end up fucked... and then the telemarketer keeps on calling me to trade more lol now i avoid it thankfully i learned my lesson.

Adraco · 04-15-2011, 03:41 AM

Quote:

Originally Posted by djroof

who cares with Forex?

Well, apparently not the broke ass greeks, unrealiable scumbags of the Euro system.

wehateporn · 04-15-2011, 04:15 AM

Wealth transfer

Klen · 04-15-2011, 04:30 AM

Quote:

Originally Posted by haissem-o

i lost a $1000 at forex in just 3 days... it's addictive but i think most of the traders end up fucked... and then the telemarketer keeps on calling me to trade more lol now i avoid it thankfully i learned my lesson.

What did you bought ?

czarina · 04-15-2011, 05:24 AM

we played with it for a while and made some money but it's much work

04-03-2011, 04:44 PM	#2
Deputy Chief Command Deputy Chief Command Industry Role: Join Date: Nov 2005 Posts: 4,482	it is not a scam but only a small percentage of people who actually know what they are doing are making money on it .. just like with poker you need "fish" .. and just as with poker they are always looking for new fish ... the more people that lose money on it , the more other people can make with it .. forex trading used to be only for Big Banks and you needed a lot of money to be able to do it .. there was a reason it was like that ... only big money and expertise can generally speaking make real money on it .. all the rest can forgot about it ... but them pumping money in it makes it even more profitable __________________

04-03-2011, 05:13 PM	#3
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	they fuck people legaly with forex __________________ BUY MY SIG - 50$/Year Contact here

04-03-2011, 05:27 PM	#4
Sausage Confirmed User Join Date: Oct 2002 Location: Australia Posts: 3,012	Forex is definitely not a scam. Of course you get idiots who don't understand currency movements and economics on there who are just essentially gambling, but if you know your shit then you can do very well on forex. You really do need to have your finger on the pulse though. __________________ IW Skype : blance8888 Icq : 15567120

04-03-2011, 05:32 PM	#5
Profits of Doom Monster Rain Industry Role: Join Date: Feb 2004 Location: Mongo Posts: 4,978	Forex is one of those things I've always been interested in but never pursued because there just isn't enough time in the day. Penny stocks, on the other hand, have recently become my new hobby/obsession... __________________ “My Free Cams Affiliate Program by CrakRevenue”

04-03-2011, 10:51 PM	#9
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	A lot of people jump into it head first, instead of getting there toes wet a little without really doing some hardcore studying. You have to put in a lot of time reading paterns and so on so forth. Also, the leverage on Forex is much higher then on stocks. So it is a lot easier to lose money a lot faster. PS. If anyone is doing automated trading with MetaTrader or something similar from home/office I might have something that interests you. Feel free to hit me on ICQ. Last edited by Supz; 04-03-2011 at 10:52 PM..

04-03-2011, 05:50 PM	#6
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	That's all I want to do, look at ANOTHER page of stats and numbers!! I might leave Forex to the people who like looking at screens full of stats.

04-04-2011, 01:00 AM	#10
janosik Confirmed User Industry Role: Join Date: Jan 2002 Posts: 755	I have been studying and backtesting forex for 2 years. Lost a lot of money at the beginning but now I make more on Forex than I ever did with adult ;)

04-04-2011, 01:05 AM	#11
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	By the way, if anyone is PROMOTING this niche, I have a forex PLR content package -- 25K words for only $100 Check it at http://gofuckyourself.com/showthread.php?t=919621 __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

04-04-2011, 02:29 AM	#14
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	It' like any other 'business', people think it's easy to make money while in reality it takes work, commitment and creativity (the ability to think).

04-04-2011, 04:14 AM	#15
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Funny i just signup to forex dot com before few days.But yes seems to make to make it work you need to lose money for first two or three years before you figure out how things works.

04-04-2011, 06:50 AM	#16
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Not a scam at all. you just need to know what you are doing what the currency is doing and hot to gauge if its going to drop or rise. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

04-04-2011, 09:04 AM	#17
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	No no, not a giant scam. Just a giant joke. __________________ ICQ 557504926

04-04-2011, 09:09 AM	#18
ottopottomouse She is ugly, bad luck. Industry Role: Join Date: Jan 2010 Posts: 13,177	Good bit of fishing __________________ ↑ see post ↑ 13101

04-04-2011, 10:43 AM	#19
moeloubani Confirmed User Industry Role: Join Date: Dec 2007 Location: Ontario Posts: 4,235	Like 5 years ago I was just dabbling and lost $500 super quick in a Marketiva account. So easy to lose money with Forex you have to be able to wait something out in the long term.

04-04-2011, 10:55 AM	#21
INever Confirmed User Join Date: Jan 2005 Location: .......in a niche, in orbit...... Posts: 3,557	Basically it's all about support, resistance, pivot points and daily/weekly/monthly high/lows. Study 1 currency pair and 2 related pairs and get to know their movements and habits. Patience is the key factor. It also helps if you're connected with a Central Banker... __________________ I love Camdough Last edited by INever; 04-04-2011 at 10:56 AM..

04-04-2011, 10:57 AM	#22
djroof JuicyDevils.gr Owner Industry Role: Join Date: Jan 2004 Location: Greece Posts: 25,383	who cares with Forex?

04-04-2011, 11:09 AM	#24
Cyber Fucker Hmm Industry Role: Join Date: Sep 2005 Location: On an endless road around the world for rock and roll. Posts: 12,642	Not a scam. __________________

04-04-2011, 01:35 PM	#26
{Psycho} Confirmed User Industry Role: Join Date: Oct 2010 Location: Money Posts: 612	They are 100% legal and legitimate __________________ Quality Offshore VPS & Dedicated Servers Earn 65$ per Signups

04-15-2011, 02:11 AM	#28
DiF0r Confirmed User Join Date: Apr 2007 Location: Europe Posts: 1,516	I'm trying my luck and my knowledge on some forex bonus accounts now.. You get 10$-20$ free without deposit by some brokers. I've already made 100$ profit from a 20$ bonus acount __________________ Hardcore Porn - submit your freesites MovieRoom - over 30 categories and SMART banners AmateurMatch - WebCamClub - DateMatch - AsianAmateurMatch GayAmateurMatch - LesbianAmateurMatch - EbonyAmateurMatch - BeeMatch - Romancer

04-15-2011, 02:53 AM	#29
haissem-o Registered User Join Date: Feb 2007 Posts: 74	i lost a $1000 at forex in just 3 days... it's addictive but i think most of the traders end up fucked... and then the telemarketer keeps on calling me to trade more lol now i avoid it thankfully i learned my lesson. __________________ Sig too big http://www.gfy.com/showthread.php?t=950962 Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

04-15-2011, 04:15 AM	#31
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	Wealth transfer __________________ Sexy Girls Teasing

04-15-2011, 05:24 AM	#33
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,748	we played with it for a while and made some money but it's much work