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    Want to learn Forex? Watch this video!

    Scheduled Pinned Locked Moved Money Matters
    10 Posts 8 Posters 8.2k Views 1 Watching
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    • R Offline
      Rational_Parent
      last edited by

      scang:
      Anyone came across a new autobot system by a FX company, which has a consistent return of 7.2% per month based on 50k investment, and 9.5% per month based on 100k investment?
      Heard of it. But honestly, I doubt that such s/w can work accurately 100% of the time the moment I learnt of it. Think about it, if one can really consistently make above 7%/mth then why bothered to work or run a business or risk on other investment instruments? One might as well just go into forex trading full-time with such s/w without raising a sweat to make a decent living. On a 9.5%/mth return with a 100k capital outlay, you would have made 100% gain in 11 months or so, assuming interest earned over income will offset any foreseeable inflationary pressure. Double this and one can live in a nice bungalow smoking cigars and seeping fine wine. This is too good to be true.


      I think such s/w can work only in an ideal condition after putting all the correct markers and necessary controls. But world economies and political climate are so fluid and dynamic these days that raise my doubts on such s/w being able to handle rate fluctuations well. In forex trading, one has to understand and monitor closely the economics and policies of not just one country because it is about trading currency pairs and such s/w don't and can't do that.

      So for one to indulge in forex trading, it is better to control one's own destiny and trade with one's own intuition rather than rely on such s/w. At best, use it as a tool to confirm or study your own trade but no more imo.

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      • P Offline
        pirate
        last edited by

        Even central banks have been known to lose billions in forex. You think you smarter and have more information than the traders in central banks?

        1 Reply Last reply Reply Quote 0
        • H Offline
          Harlequin
          last edited by

          Accumulator... \"I kill you later\" :evil:

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          • J Offline
            Joule
            last edited by

            there is NO SUCH THING as an automatic system. if anyone wants to sell you such a system, don’t walk, RUN


            You mean you’ll entrust your hard earned money to something that would autopilot for you? Don’t!

            Don’t ever trade real money until you prove you can manage ‘demo money in a demo account’ for at least 3 months

            remember the rules, limit your losses and your winnings would take care of themselves.

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            • B Offline
              BruceCh
              last edited by

              Hello to everyone! As far as I know, trading Forex as a business is the best way to make a living. Also, for a successful Forex business you should practice and improve your skills. When trading forex, you are always trading a currency pair – selling one currency while simultaneously buying another. It will be beneficial if you follow the latest world currency news https://fbs.com/analytics/news/category/currencies FBS helps you to stay informed with data. Moreover, you can open an account and start your way on Forex.

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              • S Offline
                samantha70
                last edited by

                Interesting

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                • L Offline
                  Lage2021
                  last edited by

                  Don’t fall into scams pleaseeeeee people hahaha

                  1 Reply Last reply Reply Quote 0

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