DO YOU THINK FOREX IS A CLEAN BUSINESS?
December 31st, 2008
many broker place a lot of tips on how to make money on forex. but my question is who is when everybody is winning trade who is lossing? they claim to get there gain from different in tips but i dont believe them. i opened account with two forex in the past but i never understand how the account run down.i traded on demo for along time and i never loss .I like to trade forex but i dont truth any broker.since forex is a zero sum game i know no brokers will allow is company to run down they must find away to save it either good or bad,with all the winning tips on there site i dont think they pray any one should win.this is my opinion i my wrong or right pls tell me?
No broker knows whether any thing is going up or going down. Most of them look at charts and recommend that you follow a trend, but even if they are right, nothing goes straight up or straight down, so even if you buy something that is going up, it will have down days which might result in a margin call and you might be forced to sell.
I suspect that a lot of brokers tell half their customers to buy and tell the other half to sell short. That way they would be right half the time but woud get commissions all the time.
T Boone Pickens made seven billion buying oil futures. But when oil peaked out he hung in there and lost several billion.
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No broker knows whether any thing is going up or going down. Most of them look at charts and recommend that you follow a trend, but even if they are right, nothing goes straight up or straight down, so even if you buy something that is going up, it will have down days which might result in a margin call and you might be forced to sell.
I suspect that a lot of brokers tell half their customers to buy and tell the other half to sell short. That way they would be right half the time but woud get commissions all the time.
T Boone Pickens made seven billion buying oil futures. But when oil peaked out he hung in there and lost several billion.
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