Forex is a lie

Forex is a lie

RETAIL FOREX TRADING - WHY YOU HAVE BEEN SOLD A LIE AND HOW TO FIX THE PROBLEM. Published on February 21, February 21, • 97 Likes • 56 Comments Wicks Don’t Lie? Hey forex fans. I personally love when this sub is full of chart markups and analysis, but I do want to hear some opinions on something else real quick. I stumbled on “wicks don’t lie” on social media and have noticed that he is always addressing the people that call him a “scammer” or “fraud” and was wondering An EMA Strategy With Forex Trends; Truth or Lie: Managing your emotions when trading is vital “Negative emotions like fear and greed can be managed without suppressing positive ones” - Paul Estimated Reading Time: 8 mins

The Big Forex Trading Lie in Kenya - Bizna Kenya

The number one issue traders face right now is misinformation. Any trader who searches for information on Google or Bing will come up with the answers I posted below. They explain forex the way we think it is now. But its actually only the way things used to be. This old information is keeping thousands of traders from seeing the truth. The truth is only found on the NFA website and only if you dig deep.

The blue italicized writing is comments by me. Red is critical info. as is bold Lettering. Tell every trader the truth. Demand simulated trading be recategorized as online gambling, The difference between the old platforms and the current ones is what the program is being used for. The real platforms are nothing but data pushers. A way to pass numbers back and forth with accuracy- and with a record of the transaction.

Like paying for something with your pay pal account. It processes the numbers and transfers the money for you. The new platforms are no longer a tool that a broker uses to transfer orders back and forth between people.

The new platforms are running self contained simulated trading games that trade against you right there on the platform. Your orders are not sent to any bank or other traders. You put real money in an account and virtually pull the lever and see if you win. You know its rigged to make you loose, forex is a lie. So are the trading platforms. The following definitions came from wipikidia and Investopedia. The 3rd definition is thru the UK. You can tell they basically copied what the the other page said.

What they describe is what most traders think they are doing- You think your using a trading platform to trade on the Interbank trade network, forex is a lie.

Your trading all by your self against a computer game programmed to make you loose, forex is a lie. The financial system and trading of currencies among banks and financial institutions, excluding retail investors and smaller trading parties. The interbank market for forex serves commercial turnover of currency investments as well as a large amount of speculative, short-term currency trading. Interbank foreign exchange market From Wikipedia, the free encyclopedia.

The interbank market is the top-level foreign exchange market where banks exchange different currencies. These forex is a lie do not have fixed values but, rather, values that fluctuate relative to other currencies. It is a wholesale market through which most currency transactions are channeled. It is mainly used for trading among bankers, forex is a lie. The three main constituents of the interbank market are. the spot market the forward market SWIFT Society for World-Wide Interbank Financial Telecommunications.

The interbank market is unregulated and decentralized. There is no specific location or exchange where these currency transactions take place. However, foreign currency options are regulated in the United States and trade on the Philadelphia Stock Exchang e. Further, in the U. Unlike the Stock Market, the Foreign Currency Exchange Market Forex does not have a physical central exchange like the NYSE does at 11 Wall Street, forex is a lie.

Major Banks like UBS, Barclays Capital, Deutsche Bank and Citigroup handle very large currency trading forex transactions often in billions of dollars. Other factors contribute to currency exchange rates and these include forex[3] transactions made by smaller banks, hedge funds, companies, forex brokers and traders. Companies are involved in forex transaction due to their need to pay for products and services supplied from other countries which use a different currency.

Forex is a lie traders on the other hand use forex transaction, of a much smaller volume with comparison to banks, to benefit from anticipated currency movements by buying cheap and selling at a higher price or vice versa. This is done through forex brokers who act as a mediator between a pool of traders and also between themselves and banks. Central banks also play a role in setting currency exchange rates by altering interest rates. The Interbank forex markets, as obvious from the term, is the highest level in the foreign exchange markets where banks exchange currencies directly with one another.

The Interbank forex markets can also be referred to as the forex wholesale market where most of the currency transactions are performed and is mostly used for trading within the banking community. The interbank forex markets is unregulated and decentralized, thus there is no central location or an exchange where these transactions take place, unlike the stock markets where transactions are carried out at the stock exchange.

Spot markets: Also known as the organized or OTC over the counter market. The spot market prices are individually agreed between the parties and therefore the prices are usually not published. The spot markets entails a two day delivery period in order to move cash from one bank to the other. The online forex trading markets is usually comprised of the spot forex is a lie as trading is purely speculative driven and transactions are done on the spot.

Forward markets are also known as forward contracts and are personalized between the buyer and seller which includes the delivery time and amount which is usually determined at the time of the transaction. SWIFT: Most of us who have ever made an international bank WIRE would have heard about this or BIC Bank Identified Codes.

SWIFT is an acronymn for Society for Worldwide Interbank FInancial Telecommunications. SWIFT is used to send payment orders that are usually settled via the correspondent accounts which the banks have with each other. What moves the Interbank Exchange Rates, forex is a lie. Due to the fact that forex is a lie forex market is decentralized, banks set their own bid and ask prices taking into account any anticipated currency fluctuations that might take place.

It is safe to say that the forex market is actually made up of market makers due to the fact that banks have their own price quotes. Large scale banks such as UBS, Deutsche Bank, HSBC, Citigroup handle large volumes forex is a lie currency transactions and it is due to the movement of this volume which is the primary driver of the currency prices, especially in a short term perspective.

Of course, there are other factors that influence the Interbank exchange rates such as hedge funds, smaller banks and online forex brokers and traders.

How do forex traders fit into the bigger game. Forex traders make money by purchasing one currency and selling another currency. The difference in the bid and ask price of these currencies is how profits are made.

Therefore, forex traders are familiar with the term, forex is a lie, buy low sell high. Forex traders make their profits by the fluctuations in the currency prices as cited above. ECN Forex brokers are the kind of brokers that connect forex traders straight to the tier 1 liquidity providers made up of banks and financial institutions, forex is a lie. It is because of the interbank forex markets that ECN forex traders get to see pricing where in most cases the spreads are almost zero.

SOME foreign currency contracts are traded off exchange? All with less than 10 million. The whole on line trading its a scamwith intent to rip people off.

The know well before the market price, and they set up against you. They will run until you finished your saving. Any one would expect for the market to go either forex is a lie. Its the biggest scam of the century. Keep away. Making it look like we were attacked kept the budget from being cut.

The gaming platforms are actually privately run by each brokerage firm. In the beginning they were developed in-house programmers. These trading platforms generated their own chart movement. Missmatched chart movement alerted the public that something was going on. The next generation of platforms use a single chart movement generator. A broker has a computer program hub that customers all sign into.

Like world of war craft. Each online player has their forex is a lie game going- playing against the main program. No players are connected with each other or to any bank. Only accounts trading over million have real accounts. They are processed the old fashion way. Calling in a trade and the broker finds someone to trade it against.

Stock trading of physical deliverable items is still real. such as wheat and cattle company shares are still real, forex is a lie. Robba… Its not just the US. It did start here. It spread to UK by 3 years later. But its just an elaborate method of collecting payoff money. Massive fines — often millions — are slapped on brokers for stealing from customers. This money should pay back forex is a lie customers, forex is a lie.

The regulating agency which is a private company keeps all the fine money.

IS FOREX TRADING A SCAM? ��

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RETAIL FOREX TRADING - WHY YOU HAVE BEEN SOLD A LIE AND HOW TO FIX THE PROBLEM. Published on February 21, February 21, • 97 Likes • 56 Comments John believed the lie: You put indicator A on your chart. - Then you put indicator B on your chart. - Then you put indicator C on you chart. - If A, B, C (and E, F, G) are ALL telling you that. the price is gonna go up, then the probability of price Martingale Trading Strategy TIMES! How to use the Martingale Strategy in Stock Market and Forex to make more money or maybe Official Trading Rush