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guru267
#11 Posted : Friday, June 24, 2011 9:05:43 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@kingfisher forex is a very hard game to play and it is best left to professionals..
Its easy to look at an event that has already happened and tell us how you would have traded it and made money... But predicting these events and acting on these predictions and making money is a whole different ball game only for the chosen few...

Just to prove my point ask qw what his next currency trade on his DEMO internet account will be and then sit back and watch how his FICTITIOUS cash goes down the drain..

A layman trading forex is better of at a casino smile
Mark 12:29
Deuteronomy 4:16
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QW25071985
#12 Posted : Friday, June 24, 2011 9:07:24 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
cnn wrote:
Ceinz wrote:
If u had bought a lot of the dollar against the uk pound yesterday morning , and exited your trade at the time of this post, you would have made in excess of KSHS. 200 K.

@Ceinz,about how many dollars would you be talking about here for such a return?


Mr.cnn . he's refering to internet forex trading.

bytheway this is just funny...

http://www.cnbc.com/id/43489836
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Ceinz
#13 Posted : Friday, June 24, 2011 9:22:49 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
guru267 wrote:
@kingfisher forex is a very hard game to play and it is best left to professionals..

Its easy to look at an event that has already happened and tell us how you would have traded it and made money...

But predicting these events and acting on these predictions and making money is a whole different ball game only for the chosen few...

Just to prove my point ask qw what his next currency trade on his DEMO internet account will be and then sit back and watch how his FICTITIOUS cash goes down the drain..

A layman trading forex is better of at a casino smile


1. Yes Fx is hard and requires investment on the part of education and experience.

2. Very true any body can be an expert at backtesting.

3. Through understanding technical and fundamental analysis, and by proper timing the market, any body can make chums out of this game. There is nothing like the chosen few, unless ur talking of brokers. Any trader will gain and lose money at some point, the bottom line is making more wins than losers.

4. Loosing money is part of trading, that is where the issue if capital management comes in. Tell me any trade out there that has no ups and downs and ill prove u wrong.

5. Forex is no casino, unless u take it that way.
“small step for man”
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guru267
#14 Posted : Friday, June 24, 2011 9:46:12 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Anyone who is not a financial professional (financial professionals do not include brokers) cannot trade forex successfuly.. They can have plenty of lucky streaks but they always make a NET LOSS in the end... Just like a casino!

This is a fact not likely to change anytime soon
Mark 12:29
Deuteronomy 4:16
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kingfisher
#15 Posted : Friday, June 24, 2011 9:57:47 AM
Rank: Elder

Joined: 4/9/2008
Posts: 2,824
guru267 wrote:
@kingfisher forex is a very hard game to play and it is best left to professionals..
Its easy to look at an event that has already happened and tell us how you would have traded it and made money... But predicting these events and acting on these predictions and making money is a whole different ball game only for the chosen few...

Just to prove my point ask qw what his next currency trade on his DEMO internet account will be and then sit back and watch how his FICTITIOUS cash goes down the drain..

A layman trading forex is better of at a casino smile


@guru.... how did those professor start? were they born like than? nay... they must have taken a risk and tried and tried and learnt and learnt untill they reached that stage. hapana vunja sisi moyo
When I have money, I get rid of it quickly, lest it find a way into my heart.
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QW25071985
#16 Posted : Friday, June 24, 2011 9:59:25 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
guru267 wrote:
Anyone who is not a financial professional (financial professionals do not include brokers) cannot trade forex successfuly.. They can have plenty of lucky streaks but they always make a NET LOSS in the end... Just like a casino!

This is a fact not likely to change anytime soon


please spare your ego some embarrassment by SHUTTINH THE HECK UP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!..

so u want to say all those who trade forex around the globe are gambling.and some whose salaries from this 'gambling' can easliy make urs look like cheap change ( if indeed you have any)..
Not everybody is cut out to trade forex but that doesnt mean you shld talk/write out of ignorance...
Oh well i guess those who succeed in forex have the lucky number.
Just stick to your cocoon in the n.s.e and leave big matters to the big boys !!!!!!!!!!!!!!!!
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kingfisher
#17 Posted : Friday, June 24, 2011 10:01:42 AM
Rank: Elder

Joined: 4/9/2008
Posts: 2,824
Ceinz wrote:
guru267 wrote:
@kingfisher forex is a very hard game to play and it is best left to professionals..

Its easy to look at an event that has already happened and tell us how you would have traded it and made money...

But predicting these events and acting on these predictions and making money is a whole different ball game only for the chosen few...

Just to prove my point ask qw what his next currency trade on his DEMO internet account will be and then sit back and watch how his FICTITIOUS cash goes down the drain..

A layman trading forex is better of at a casino smile


1. Yes Fx is hard and requires investment on the part of education and experience.

2. Very true any body can be an expert at backtesting.

3. Through understanding technical and fundamental analysis, and by proper timing the market, any body can make chums out of this game. There is nothing like the chosen few, unless ur talking of brokers. Any trader will gain and lose money at some point, the bottom line is making more wins than losers.

4. Loosing money is part of trading, that is where the issue if capital management comes in. Tell me any trade out there that has no ups and downs and ill prove u wrong.

5. Forex is no casino, unless u take it that way.


ASANTE SANA. @guru halikuwa karibu kuvunja mimi moyo.
When I have money, I get rid of it quickly, lest it find a way into my heart.
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kingfisher
#18 Posted : Friday, June 24, 2011 10:07:21 AM
Rank: Elder

Joined: 4/9/2008
Posts: 2,824
QW25071985 wrote:
guru267 wrote:
Anyone who is not a financial professional (financial professionals do not include brokers) cannot trade forex successfuly.. They can have plenty of lucky streaks but they always make a NET LOSS in the end... Just like a casino!

This is a fact not likely to change anytime soon


please spare your ego some embarrassment by SHUTTINH THE HECK UP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!..

so u want to say all those who trade forex around the globe are gambling.and some whose salaries from this 'gambling' can easliy make urs look like cheap change ( if indeed you have any)..
Not everybody is cut out to trade forex but that doesnt mean you shld talk/write out of ignorance...
Oh well i guess those who succeed in forex have the lucky number.
Just stick to your cocoon in the n.s.e and leave big matters to the big boys !!!!!!!!!!!!!!!!


@QW25....thank you again. this @guru fella is very discouraging. Remember to drop me an email please, you too @Ceinz. I am very serious in trying this FX business and hopefully will prove @guru very wrong.
When I have money, I get rid of it quickly, lest it find a way into my heart.
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guru267
#19 Posted : Friday, June 24, 2011 10:21:54 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
As a matter of fact the people who trade forex successfuly did not start by making losses.. They went to university and studied the relevant degrees and started making money immediately they opened forex accounts... All the rest lose money on a daily basis..

If you still have completely refused to believe me then read or listen to the LONG disclaimers on forex websites...

All im doing here is preventing hard earned money from being flushed down the toilet im not out to discourage anyone
Mark 12:29
Deuteronomy 4:16
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young
#20 Posted : Friday, June 24, 2011 10:52:55 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Be very very very very careful on forex trading and also derivatives(warrants etc) on advanced markets !!!

It is better you don't venture into it at all.

When you loose you loose in total, no chance of recovery.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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