guys i have quite a few friends joining forex in like companys or groups or firms. I thought we just do it online? and they are doing so well. One is like nineteen and just bought a beetle. O.O is it the same as what you guys do?

My friend, those are illusion...
Those are Pyramid type.
I believe their money is more from intro people enter their group.

If making money is just so easy, why there's poverty? Why 98% of retail trader fails in Forex trading?
Real traders who earn real money from forex doesn't show off.

eg. @tdoptions1689 he making pips all the time posting here free.
did he show off he driving big cars? wearing branded?
People make real money always keep quiet.
Use that money to invest more money, not spending off like no tomorrow.

Hope you get what I mean about "Illusion".
Above statement is just my opinion, no need to bash me.

This post has been edited by zDarkForceSz: Apr 26 2014, 10:54 AM

I show the picture is telling guys.. This is not a suppose trend... Do not jump into the conclusion that double top double bottom third bottom lower is a short trend.. Vice versa...

I don't do predictions....

Thanks mate. Nothing to show off mate. I admit I drive some comfortable car, but I no need to show someone how branded mine is. The more important to me is I love it and it makes me enjoy my life with comfort.

1 more thing, I never force people to invest on me. I don't provide big dream to investor, I am just providing opportunity. Since I am profitable one, I also no need to beg or convince someone with branded or big car. You want this opportunity just come, if you don't want then just say Bye. I don't short of your RM 100k to earn money. Some of those forum even worst, collecting USD 100 from investor to trade. USD 100 is just a penny in Forex, you can't even buy sweets with penny, how are you gonna earn other person money.

Another thing is, if a profitable trader, they won't join any other people firm. They will just build their own group of trading. Same thing, why you wanna become an employee when you are able to self-employed? Malaysia Independence Firm like FxUnited, GWGfx, some of those Klang group that I know are all creating Pyramid Schemes to earn money. They even drove a Lamborghini, Ferrari and Skyline. But frankly to say, they don't know how to trade at all and all their money come from illusion and introducing someone to invest.

Sorry mate, because of seeing the picture there written something like SHORT STRENGTH (TREND) if I am not wrong. Anyway, a good share and explanation. Yes, indeed Bottom or Top don't form this way and price range are too narrow to form.

I always do predictions and forecast. If I don't do prediction from previous movement, I can't profit from my trade.

Thanks.

Additionally, there are a company lately being closed down by Interpol. They also type of pyramid schemes that using Forex as their cover stories and quite active in Malaysia too. They are paying 1.5% daily for 90 days. When FBI and Interpol freeze their bank account, they have almost USD 6b in the account. So you can imagine how big are the market when they use a Pyramid Schemes in Forex Industry. This is only 1 Firm that being closed down lately. Of course those who know how to build the illusions from the beginning using some branded and nice car will earn a lot, but all the money are from the lower line victims.

Just some information for you guys.

Ah alright, is there anywhere that I can join or somewhat get more of an idea in trading, i know many of you don't have the time to but maybe you can point me in the right direction ?

Maybe this will help you.

If you are totally newbie, forget about shortcut. Walk into it step by step. Learn what is call Fundamental Trading and Technical Trading. A lot of people doesn't even understand what are those 2 means. Choose 1 that you think you are more suitable at. A lot of so called trader use both, but as I know most of them doesn't even know the meaning of both. Just take one route and master on it. I am a fully technical trader, so what I do is I just avoid Fundamental Speculations.

Hope it helps

This post has been edited by tdoptions1689: Apr 26 2014, 10:56 PM

I always meet 1 kind of scenario in various forum. A lot of trader use both technical and fundamental. They will wait for the news, then suddenly a high impact news printed. It is worst than forecast, but the price still rose to sky high. And then they love to shout at forum, what the heck has happened? It is worst than forecast, but the price has rose like hell.

Conclusion, they didn't really study the truth behind to become a Fundamental Trader. Fundamental Analysis is not the matter a day or two. If study only day or two, thats not call Fundamental Trading, that is called as Luck Trading.

CubeLogic,
Sorry for late reply. Just back from my weekend party as always.

Let me reply you here. I think it might help others newbie too.

Firstly, I don't know whether have you handle any college assignment before during your teenage. Normally, the lecturer will give you a title, and you go home and do the research by a group or yourself to complete the assignment. It is same thing if you really serious to learn in Forex Trading. In learning FOREX TRADING, you need to be Independence, Self Initiative, Creative, Intelligent, Acceptance. You won't master art of trading if you just act like a baby birdie waiting to be feed, keep asking where the source you can find for reading. Go and do your own research. I have provide you the title, there are plenty of search engine online, just search with the TITLE and you will get a lot of material there. Do your own research and keep the important 1. Even though if I provide you the educational material, you won't success by reading it only 1 time. Just take 1 of my favorite book regarding trading title Trading In The Zone by Mark Douglas, I think I mentioned it here before. It is a book with full of words, approximate 350 pages and I have read the book repeatedly more than 15 times. You have to keep reading those material repeatedly to build your mind subconscious. You won't have time to read it during trading session if your mind are not subconscious with those method. Take an example, you go cinema and watch a movie. After that, you go home and sleep. When you wake up, I bet you have already forgotten 80% of what the movie conversation are. It is just the same thing.

Last few days, I posted about Elliot Wave, Elliot Principle and Wave analysis. I remember a member name chaiychong if I am not wrong, he found it useful and do his own research online and found something to read. At least he show some initiative he is keen to learn.

Please, if you are lazy even to go GOOGLE and type FUNDAMENTAL TRADING or TECHNICAL TRADING and press ENTER, forget about learning trading and becoming a full time professional trader. Sorry but no offense, everybody knows how luxury life a real profitable trader is, but you will never see how hard on their life during learning days. If you want successful and comfortable life but you even lazy to do research, forget about it. You must put a lot of effort than others if you want a good life.

I walk myself till here for almost 12 years. I put my effort for almost 9 years to at least see something, not a couple of days or couple of months.

Once again SORRY and no offense, I don't give dream to anyone, I just let you know the reality on the journey.

Yeah mate.. No problem.. I say I don't do prediction because I always calculate PA..

Ok.. Here a question and just ponder on the question itself...

Y does a professional forex specialist that makes a lot of money still need funding from public or investors? Why can't they themselves make the money? This question normally goes to fund managers..

I got the answer.. But let's see who got the right answer..

The question I put up is related to recently 2 ex-top specialist that quits from Soros group and start up new hedge fund from investors of 150million..

My answer is you want income produce or wealth accumulation? If you want wealth accumulation, go and become hedge fund or money manager. You need money to grow money.

In recent months.. I have met a number of type ppl that interest or heard of forex...

These are the few types of ppl... And I suggest them on what should they do..

1. Works as sales/marketing person...heard a lot of ponzi scheme..invested b4 in that.. Say forex scam. All this is because they pay money to other ppl in cash and no trading involve..can't see transaction and at the end no payment..at the beginning they might get abit.. Probably few hundred of RM..

2. Freelancer
- heard forex can create good money.. But dunno where to start.. Follow fren blindly and maybe start up with below 300USD.. That about RM 1000.00
Maybe trade ownself..search over internet ways to trade... But still fails.. End up frustrated n say bye bye to forex..

3. Employed
- some will study all ways into news,technical, all forex jargons, terms, pattern, all kinds of methology.. Buts still fails..
- seem like overload of information and sometimes act very professional.. But still lose money. ( I recent met this type in a seminar)

4. The type of wanted to invest but no going to put effort
- have some cash and wanted to do something but just wanted to put money take money...end a up loses more than win

5. Wanted to learn about forex but after still can't get hold of it.
- they don't understand economic, financial and markets ( if they have understand, they have become degree holders in those subjects)

So.. I have to tell them this..

1. Forex not easy understand.. Don't think 1 month can understand n master the art of trading..
2. Don't think just search in internet can find you the golden trading secrets.
3. Don't want put effort in forex ,but still wan earn money then find a fund manager
4. Don't choose a ponzi scheme system..
5. Don't listen too much on those tell u on how to earn in forex networking..those is just work on IBs..

Good answer mate. Get used of other person money who don't have the skill to grow money when you have the skill.

Oh ok. Probably you can be my sifu on PA. Actually I am still trying to exploit and master art of PA. This is one of those I am still trying to mastering on it. I know if I can get sub conscious on PA, I will get more perfect and reliable ENTRY without too much DD. For the time being, the most accuracies and I have mastered on PA are the time before UK OPEN, when those banker start to form a TRAP. Other than that, I am still a fish.

Probably people wanted to ask me, so how you find ENTRY point now without PA? 1 answer. The power of CANDLESTICK.

This post has been edited by tdoptions1689: Apr 27 2014, 11:07 AM

Good information.
1 thing probably might help. A lot of people are too anxious to earn in Forex and they always make a wrong search on internet. (I am one of those during the days). What's make me say on wrong search? Internet search engine is a really useful place for you to gain knowledge, but not experience, system or strategy. You will find a lot of useful educational material. This means, internet is a place for you to study on tutorial and not a place to look for golden trading secrets.

Forex networking indeed earning money when you have the skills, not the time when you don't have the skill. 1 example, when a long term profitable post a trade to allow people follow, means they are building Forex Networking. Let's estimate a USD 1M are following your trade, this means a single trade approximately will earn the trader around USD 80++. If a week with approximately 30 trades, that means with a few clicking, a profitable trader will earn an estimate of USD 2,400. This is the answer for networking and answer for those who asked me why I allow people to follow my trade. (Those assumption are only from copy trading, not including Referring Broker or Introducing Broker Fees).

Yeah regarding internet studying...there are so many techniques in forexfactory under the commercial section. One would go nutz trying to understand it without some sort of guidance.

Yes, you won't find the best strategy online even with guidance. That's why I say you need to be creative and acceptance to become a full time professional trader. Every Trader interpret different language on chart, you will never get same results. That's why people will describe Trading was an Art. You will only find 1 Mona Lisa Portrait drew by Leonardo Da Vinci, but you won't find another Mona Lisa drew by another artist. You need to be creative to create your own strategy for your very own interoperation, you need to be acceptance of failure during those days.