how many times you failed in fx or binary trading?

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looks like a lot of internet marketers out here also got involved in trading


#1 how many times have you tried n failed about forex trading n binary trading?


#2 what's the point where you finally decide from demo account to fund your live account?


#3 what's the point that makes you inject more fund to your failed trading account?
#binary #failed #times #trading
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  • Profile picture of the author Ged3
    I have only got as far as using a demo account.


    I did O.K. for a while, but the real problem is that there are just too many variables to try and predict where a currency will go within a specific time.


    What put me off was that if my trade was performing badly then I would have a margin call (where your account goes in the red and you have to deposit funds to keep your account active).


    If this happened when I was trading for real I could easily lose a lot of money in a short amount of time.


    So it seems a bit like trying to guess which way the wind will blow in five minutes time!


    I also read an article yesterday that said 87% of novice traders lose money.


    I think there must be a better way of making money - Forex looks attractive - but you can lose a lot of money learning how to be successful.


    Just my 2c!


    Ged
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  • Profile picture of the author Randall Magwood
    I bought one of those forex trading robots, and in the demo mode that results were supreme.

    Then i upgraded my account for the real thing, and the robot trading software only made me $1, from the $100 i had deposited in my account. Then i quit, cause i figured i'd have more control with selling ebooks when trading forex.
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  • Profile picture of the author visimedia
    interesting answerS!
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  • Profile picture of the author ryanbiddulph
    So tough to answer Visi; failure is different for all humans and traders

    RB
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  • Profile picture of the author rhealy29
    There are scores of professional traders and fund managers with expensive educations who've dedicated their entire lives to mastering all there is to know about trading that can barely (or can't) beat the market in the long-term.

    Why anyone thinks that the system they learned online or some trading bot is going to somehow beat the odds is beyond my comprehension.

    Day trading is gambling. You might make money in the short term. You'll almost certainly lose money the longer you do it.

    The anecdotal evidence you hear of people making big money with these ridiculous systems completely ignores the luck factor.

    I could sit you down at a poker table with the top pro of your choice, and if you only played a single hand, the odds of you beating them would actually be fairly good. But with every additional hand luck becomes less of a factor, and the longer you play, the more and more assured it is that you're going to lose.

    That's day trading.

    Just buy scratch tickets instead.
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  • Profile picture of the author DIABL0
    Binary options are hands down the worst thing I have ever seen.

    They have a fixed upside potential. Real options don't have a limit.

    You have to be right about 60% of the time to make any money long term. Good luck with that.

    At least the FX market is legit. But I would read rhealy29 post, as a non-professional is eventually going to get slaughtered.
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  • Profile picture of the author wentzco
    I run a Facebook group (Affiliate/MLM/Home Biz advertising) and am sick of all the people (with bogus Facebook accounts) promoting binary trading/forex or their recommendations for a "legit and reliable account manager" (bogus account again) who alledgely made them money. It's all the same pitch with different sham accounts they set up "constantly". One of my rules is "The group is not for promoting investments such as stocks, binary, forex or cryptocurrency trading. Break Rules = BAN". In the last 28 days I've blocked 406 accounts from my group and the majority are blocked for breaking this rule.

    Anyway I realize there are trading robots as mentioned above that "may" be legit and work. However it's not in my comfort zone. I do invest in stocks though which is in my comfort zone. I don't day trade but know many people do it. Yep - it's a gamble but those that use technical analysis are the most successful.
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    • Profile picture of the author visimedia
      quite funny n interesting fact! lol





      Originally Posted by wentzco View Post

      I run a Facebook group (Affiliate/MLM/Home Biz advertising) and am sick of all the people (with bogus Facebook accounts) promoting binary trading/forex or their recommendations for a "legit and reliable account manager" (bogus account again) who alledgely made them money. It's all the same pitch with different sham accounts they set up "constantly". One of my rules is "The group is not for promoting investments such as stocks, binary, forex or cryptocurrency trading. Break Rules = BAN". In the last 28 days I've blocked 406 accounts from my group and the majority are blocked for breaking this rule.

      Anyway I realize there are trading robots as mentioned above that "may" be legit and work. However it's not in my comfort zone. I do invest in stocks though which is in my comfort zone. I don't day trade but know many people do it. Yep - it's a gamble but those that use technical analysis are the most successful.
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  • Profile picture of the author JohnVianny
    Binary Options are SCAM

    they're like gambling.

    They are mathematically losing: when you "win", you gain the 70%. When you fail you loose 100%. Do the math.

    Trading is not for medium average people. Is for people who are millionaires already.

    WHY?

    Think of it: making 20% of your account steady every month is almost impossible. WHY? Cause if you can do it, all the money of the world will flow in your hedge fund, cause you can turn anyone rich.

    Do you really think you can do better than Soros or Goldman Sachs?

    Secondly you have to take in account of drowdown.

    So if you can do 1-2% steady, how much money you need in your account to make a living? 100k?

    BUT if you have 100K to invest....wouldn't it better to put in in something more stable, more reliable, and which gives you more profit like email marketing, house to rent, etc?

    Something that when you have earned money you have not to give it back to the market, like with trading when you will loose?

    Take also in account that scientific studies, in Harvard, has proven 2 things:

    figures in the market like "head and shoulders" etc, have the same liability of the figure seen in the clouds by a child.+

    if you put an expert trader and a child to buy and sell they end up with the same probability to win and aproximately the same results.

    every fund in 5+ 10+ years tend to loose money.

    So why rich people invest? Not to "make money online with trading" but to diversify the risk and to mantain the money liquid. more safe than in the banks only.
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    • Profile picture of the author Daniel Evans
      Originally Posted by JohnVianny View Post

      Binary Options are SCAM

      they're like gambling.

      They are mathematically losing: when you "win", you gain the 70%. When you fail you loose 100%. Do the math.

      Gambling, by it's definition, isn't a scam.

      It's merely a circumstance in which the chance exists to 'lose' money.

      'Gain' (in this context) is increase in wealth, therefore 70% is not gain, but loss - nor is that even an approximation which occurs.
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  • Profile picture of the author EvanRice
    Every time I've tried, I failed. But that's due to my approach. Now I changed my attitude and I think that it will allow me to start earning. At least I hope so. Now I am focusing on cryptocurrencies cause I know a lot bout em and look at the charts https://topbrokers.com/cryptocurrency-charts I really can see all the moneymaking opportunities there.
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    • Profile picture of the author whateverpedia
      Originally Posted by EvanRice View Post

      Now I am focusing on cryptocurrencies cause I know a lot bout em and look at the charts https://topbrokers.com/cryptocurrency-charts I really can see all the moneymaking opportunities there.
      Best laugh I've had all day.
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  • Profile picture of the author redone111
    To succes in forex trading n binary trading should think like casino not the player and thats so hard to happen
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    • Profile picture of the author Dororall
      Originally Posted by redone111 View Post

      To succes in forex trading n binary trading should think like casino not the player and thats so hard to happen
      You are right, it's really difficult. As for me, I prefer Forex, as I can't and don't want to invest really big amounts of money and want to get money faster. Stock trading is a long-term investment. By the way, if you are interested, I recommend you the Rofx. You can start with a Trial short-term investment and check how it's profitable. Read more here https://rofx.net/strategies-automated-trading/
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  • Profile picture of the author 3936296
    I tried binary options few years ago and failed many times.
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  • Profile picture of the author offmarketinvestor
    Originally Posted by visimedia View Post

    looks like a lot of internet marketers out here also got involved in trading


    #1 how many times have you tried n failed about forex trading n binary trading?


    #2 what's the point where you finally decide from demo account to fund your live account?


    #3 what's the point that makes you inject more fund to your failed trading account?
    None...never been stupid enough to try them...

    May as well play black jack or play the horses IF i was a gambler.
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  • It is a tough market that's for sure.
    Personally I think Binary Trading is just a massive gamble.
    Forex is great if you know what you are doing.
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  • Profile picture of the author Obermair
    If you are doing option trading then the platform has to be pretty sophisticated. Through the purchase of call and put straddles, you can reduce risk and play upsides (although capped) but limited downsides. Open ended options that you purchase will kill you most of the time. It is actually better to sell the option and take the cash flow than be a buyer.
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  • Profile picture of the author superowid
    Forex is a game. The winner is always the platform owner. Only few traders let to win to attract more new traders (aka:victims) coming to the platform. even if you do the forex manually via real banks, it's just their game.
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  • Profile picture of the author tagiscom
    Originally Posted by visimedia View Post

    looks like a lot of internet marketers out here also got involved in trading


    #1 how many times have you tried n failed about forex trading n binary trading?


    #2 what's the point where you finally decide from demo account to fund your live account?


    #3 what's the point that makes you inject more fund to your failed trading account?
    I know old post.

    1# Tried forex once, and its costs and potential losses are fricken scary, so don't trade those.

    And not crazy about binary's, l may as well go to a Roulette table and bet on red,.......or black.

    2# I tried demo briefly, and realized that l would learn little wading in a kiddy pool, so ditched it. Blew a few hundred on a margin account over 9 months, trying to make a profit from it, but all of the stupid tricks they use make it near impossible to achieve that.

    So it was more for educational purposes than anything else.

    3# Arrrm, stupid.

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  • Profile picture of the author OptedIn
    I have never failed at FX or binary trading. Yes - I'm that good.

    For the record, nor have I failed at Grad Prix auto racing or brain surgery.
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  • Profile picture of the author visimedia
    crypto plummeting these days, hope you guys stay safe
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