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Realities of Forex Investment
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Passyson
#161 Posted : Friday, August 15, 2008 12:11:00 AM
Rank: Member

Joined: 8/8/2008
Posts: 97
I had my NZD/USD S/L hit! Oil has gone lower and the Russia/Georgia conflict is ending apparently! I was short on GBP/USD so that should take care of the losses....lost 30 pips on NZD/USD...Aint on no revenge mode with GBP/USD - just will minimize the losses with it...tomorrow is another day. I am closing the position at the end of this hour and off to Westlands for a pint i go.

Tomorrow being Friday,i will only trade from 11am - 5pm and welcome the weekend after that!


Anyone who lives within their means suffers from a lack of imagination
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HarryK
#162 Posted : Friday, August 15, 2008 3:15:00 AM
Rank: Member

Joined: 8/15/2008
Posts: 4
@passyson

Do you want to lose all the pips you've made this week?? Friday is considered one of the worst times to trade,hey don't take my word: http://www.babypips.com/...want_to_lose_money.html

Inspired.
www.softlaw.co.ke
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StephenAlala
#163 Posted : Friday, August 15, 2008 3:32:00 PM
Rank: Member

Joined: 7/9/2008
Posts: 44
@Kilabe and all,

You have very impressive insight and I admire that. For the sake of the public,I need to ask some uncomfortable questions - but be assured I am asking with all due respect to everyone and with the best intentions. So please treat me gently in your responses.

How does the fellow who is reading this thread feel when she realizes that no one is willing to verify whether they are actually making any money in FX?

Doesn't she think that we are just busybodies losing cash and pretending to make money?

She's getting really spooked! I would get spooked too if people (including non-money managers) were hiding behind confidentiality stories while at the same time educating you about FX.

We are all talking about supports,RSIs,oil price falling,40 pips,and sounding all expertly. But the bottom line is this -

ALL TALK ASIDE,HOW DO PEOPLE KNOW FOR SURE THAT WE ARE MAKING MONEY IN FX?

IF WE ARE NOT MAKING MONEY,HOW CAN WE OFFER ADVICE ABOUT THE REALITIES OF FOREX INVESTMENT?

If we are losing money,does it not mean that we ourselves do not understand the Realities of Forex Investment? Somebody help me out here.
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Passyson
#164 Posted : Friday, August 15, 2008 6:40:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
@HarryK...Advice is just that...advice. You either reject it or integrate it in your daily life. On integration and specifically about trading on Friday,one needs to understand the market. If there is a major announcement to be made,then by all means,take advantage of it.

@Alala...Why do i need to show anyone my bank statement or for that matter my forex statement? Who cares what anyone thinks about me. The point is that i am living my life and earning money through forex trading. I am not here to impress anyone with a 1 dollar forex account :) or 1 million dollar one for that matter. Anyone who cares to read my posts would understand that i made money yesterday (example) and also lost 30 pips on NZD/USD but regained some ground with GBP/USD...what i post in here is my evidence and is also supposed to help anyone else out there.

Let them take it or leave it...it's their choice. After all,i don't need their money.



Anyone who lives within their means suffers from a lack of imagination
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kilabe
#165 Posted : Friday, August 15, 2008 8:31:00 PM
Rank: Member

Joined: 7/18/2008
Posts: 53
@Alala what is disturbing you and your firm is lack of Infor and fear as you had been hoarding information to guys by showing that you know yet we have people who are more informed and are Willing to share the information freely.if a person Wants to be managed an account then he will be obligated to;why then an individual Like me what I need is right information to gauge my skills and practice and be independent not being hoarded and being hidden inform and tactics.so have you been shown an individual accnt with a person investing in t.bill or bonds or any financials.investors will themselves know what they are told is of Benefit.is that account statement your last straw we need to see your market abilities with analysis not being selfish. Fellow traders am I right is getting a Loss a sin in investment

HARD WORK,HARD WORK HARD WORK
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kilabe
#166 Posted : Friday, August 15, 2008 8:43:00 PM
Rank: Member

Joined: 7/18/2008
Posts: 53
Didn't those guys in fdc who ended up have Live accounts I know they had Live accounts shown but they did what they did as we support it we don't need to use to Deceive people

HARD WORK,HARD WORK HARD WORK
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Xnjambi
#167 Posted : Friday, August 15, 2008 10:02:00 PM
Rank: Member

Joined: 4/10/2008
Posts: 9
@Alala

Kwani this forex thing ni kubaya aje? Yaani,even after asking guys to treat you gently for asking the question guys are coming after you will guns blazing!

Watu wanaficha statements - hehehehe. i hope the public is reading this thread so they know the Realities of Forex Investment. Rule No. 1 don't trust anybody who cannot show you their statement. Guys just lie at we made profits today,we made profits. Statement ndiyo msema kweli.

@Kilabe &amp; Passyson

I know one thing for sure. You guys are losing cash. Before you club me to death,let me explain why I and the 4,000 fellows viewing this thread have this opinion- Any Kenyan who is making cash is keen to prove that he is making cash. Even if you are not a money manager. Give a Kenyan money - mercedes benz hiyoo!

You guys - come clean.

Alala has been showing us his statements mpaka we have chokad. We can see he is making money in bucket-loads. And that is the transparency the public wants to see.

It's your turn,me dear experts. Show us your statements ama stop pretending ati you understand the Realities of Forex Investments.

I'm beginning the petition: SHOW US YOUR ACCOUNT STATEMENTS

O.K. now begin clubbing me!
I need no inspiration to make money
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Passyson
#168 Posted : Friday, August 15, 2008 10:25:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
@Xnjambi...yap...I AM LOSING MONEY...happy now?

Anyone who wants to see my statement...why? Are we doing any business together? Am i asking you for your money?

Mind your own business and let me mind mine.

NB/ I have wheels too...a black mamba. I am getting to owning a TukTuk very soon.

Anyone who lives within their means suffers from a lack of imagination
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HarryK
#169 Posted : Friday, August 15, 2008 11:09:00 PM
Rank: Member

Joined: 8/15/2008
Posts: 4
@passyson

At the risk of chokozaing nyuki,how was your Friday trading? I know some fellows shorting the dollar,thinking its rally had ended have been slaughtered today,hope you were on the right side of the dollar.

@xnjambi and alala

i think advocating for the publication of account statements is misplaced. what does an account statement really prove anyway? since it is always a record of the past,you can't even be sure that it hasn&rsquo;t been modified with the benefit of hindsight: a short changed into a long,a zero added here,etc. Plus,I agree that only money managers would be obligated to make their statements public,as they have something to prove.

A better way of assessing one&rsquo;s profitability or not in forex is seeing their trading decision BEFORE the trade,like what passyson is doing. It&rsquo;s very easy; with a demo account and following passyson&rsquo;s advice I&rsquo;d be able to see whether his trades are any good.

@all

Going forward if we really want this forum to help others who want to trade forex; when we provide trade setups we should include Entry and Exit levels,just a thought.


Inspired.
www.softlaw.co.ke
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kilabe
#170 Posted : Friday, August 15, 2008 11:11:00 PM
Rank: Member

Joined: 7/18/2008
Posts: 53
Ha ha ha am finding this amusing when a person called @xnjambi is giving out his opinion that alala has given his account several times and that he is making tons of money! so a funny question to him is so what do you want us to do with the money ?
- You have also said during your previous sessions that you have been making 10% which you were given by Genius as a means to propagate the decisions.
@passysyon and others am suprised that you are suprised by this bunch,dont have any stress at all as soon time will prove to them how cunning they are and the FDC ( futures Duping Commision) which has beeen propagating lies about regulation and at the nose they are cohabitating.
Ati you are showing people your account to prove to them that you are making loads of money,what people need much is the information which people use to make money and skills not your account mr. Your account will be an indication that you want to trade for people fund.Is there anyone who is trading for people fund here with an exception of xnjambi and genius. OOH my goodness am suprised by how you are small tricks to survive and reality has now been hitting you. Its a pity to @Ngaatia who genuinely posted this thread to help people and ensure genuity is termed as a liar by people who just used to take advantage of the market which did not have anything and only putting fear.We will help you a lot @ngaatia as long as what you are talking is right. There are many out there who are waiting to be incorporated with reality.
I have said earlier that alala is investing for people fund and we are individuals and not investing for anyone and anyone inevsting for people should be obligated,why create a fuss? Does it mean that talking that you have accounts is showing you are doing well,come on you fool that to kids or people like me who is new in the business? who does not know a person can doctor the account as long as he is using his own website then he can have anything? After you have developed a relationship with a broker anything can occur to doctor anything and fool people that is how the upperhill guys did with live accounts? Hey Dont think we are fools,investors to prove that they are making money is to show your tactics and skilled information so that they can benefit also. Ati people are loosing money thats why they are afraid ;thats a naive querry can you tell that to those who dont know the tricks inf FX.

Can you tell the forum if the royal fortune mint capital and others did not have live accounts which were verified in the FDC?Did they caught you offguard or you knew how people play small tricks there? If individual people fear showing their accounts then you do not need to be in this forum as we already know your tricks then the better than people fearing to share forums because they are dwarfed in information and skills and only use the accounts to dupe people while in reality they have nothing in their brains. Open this forum guys and with time have courage to root opportunists who instead of benefiting the public they are using small tricks.
He He He He you will be caught with reality

HARD WORK,HARD WORK HARD WORK
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