It's very easy for you and all of forexfactory alike to be entranced.
Big numbers do exist, but that isn't what this post is about and if you're here on forexfactory you're not going to know the difference.
Once in a while you'll see people and even groups on social media that are just killing it. I'm not talking about the forexfactory member that caught lightning in a bottle and can't explain what he/she did and in a few months revert to the hundred dollars they started. I'm referring to the social media influencers and signal providers. I have seen them here from time to time.
I make it a point to disclose that the forex market is manipulated, but it isn't confined just in the price action of the market. There's so many hands that want your money it's nauseating. Never-the-less, the extremely small number needs to know these darker subject matters if they plan on succeeding.
The fx market is not the friendly honest place driven by fundamentals and supply & demand. Don't ever let anyone here or else tell you otherwise - period. It is an extremely cut throat business and you are the prey.
Here's how they really cook the numbers on Mt4 as they link them up to myfxbook and forexfactory etc. The presenter goes through a server scheme using MT4 software and rather quickly explains the relationship of "intro brokers", white label brokers, off-shore brokers and anyone with the software really. He shows how easy it is to cook numbers even during off hours and after the fact.
vid1 vid2
I don't put up this stuff for followers (prefer you don't) or to scare people. The curtains need to be pulled and people who plan on taking a serious endeavor in currency trading need to know this side of the industry.
Big numbers do exist, but that isn't what this post is about and if you're here on forexfactory you're not going to know the difference.
Once in a while you'll see people and even groups on social media that are just killing it. I'm not talking about the forexfactory member that caught lightning in a bottle and can't explain what he/she did and in a few months revert to the hundred dollars they started. I'm referring to the social media influencers and signal providers. I have seen them here from time to time.
I make it a point to disclose that the forex market is manipulated, but it isn't confined just in the price action of the market. There's so many hands that want your money it's nauseating. Never-the-less, the extremely small number needs to know these darker subject matters if they plan on succeeding.
The fx market is not the friendly honest place driven by fundamentals and supply & demand. Don't ever let anyone here or else tell you otherwise - period. It is an extremely cut throat business and you are the prey.
Here's how they really cook the numbers on Mt4 as they link them up to myfxbook and forexfactory etc. The presenter goes through a server scheme using MT4 software and rather quickly explains the relationship of "intro brokers", white label brokers, off-shore brokers and anyone with the software really. He shows how easy it is to cook numbers even during off hours and after the fact.
vid1 vid2
I don't put up this stuff for followers (prefer you don't) or to scare people. The curtains need to be pulled and people who plan on taking a serious endeavor in currency trading need to know this side of the industry.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
Pizza_Money _&example4Forexfactory All Time Return:
48.7%