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What kind of work did you do? If it's not a secret :)
And there's a small selection of professions)). Manager. Full client management. Lecturing, training in practical exercises, cold calls, making forecasts, making and conducting master classes, etc. they all do it)). But it was when I decided to look inside the brokerage house to see what's going on, for the sake of interest, and what's going on there is just the kitchen))). They are expensive and they do not have any clue about what's going on there and they don't even understand many things. The more lots the client brings, the better, and of course, the "secret purpose" of all this is withdrawal, but many people do not realize the secret purpose. If the client withdraws money without having committed a certain number of lots, the manager gets a minus. I think they are not all so strict, but after talking to managers from different brokerage companies I realized that in one way or another conditions are similar.
It depends. who wants what, I don't even know what is more profitable for the broker, 5 transactions at lot 1.00 and goodbye to the client or 200 transactions during the year at lot 0,1 - 0,5 and years of collaboration with lots from 1.00 and above, to each broker its own, but certainly more comfortable to work with a broker whose min working lot is much less than 1.00 but each broker keeps its own policy....
If you think I'm coming up with the 1.00 lot minimum, you're wrong, and it's for beginners and real dollar accounts, there are brokers like..... and due to aggressive advertising they sometimes bring more profit than other brokers with more favorable conditions, resulting in 99% loss ... and the flow to them never dries up....that's amazing...
Maybe the problem is that it's hard enough to teach trading, for example no one has been able to teach me..... and I haven't seen anyone teach anyone, I haven't seen.... Maybe that's why attempts to just drag, to a bigger lot and there to look for newcomers...
Thanks immeasurably to everyone who responded! I wasn't expecting that, to be honest.
I will have the nerve to ask you a few more questions.
vspexp 2013.05.16 00:03 #
If you have a lot of free money and time? You have to put itall in and it's not the fact that you will successfully and stably earn money, or rather the opposite.
The real reason for this is that you have to put all your money where your hands are, and it may not work.
You should start studying something with a plan, mastering the basics of trading and analysis, and the strategies of your favorite trading robots, because you have to trust them to manage your money.
I have a lot of time now, not much money, but I have connections in the business community and if there is a reasonable business plan, or a way to make a profit above inflation, I can get a lot, but this requires proof, besides I will do it only if I am fully confident.
That's what I'm asking about. I want to keep it to a reasonable minimum.
Laryx2013.05.16 06:31#
Apparently you didn't pay enough. Pay them more and you will know what to do.
What's the "phasing"? First you lose $100. Then you lose $300. Then you lose $1000.
Then you understand that Forex is a scam, and you go to work for your uncle and get a salary.
I have not paid anything yet, if you mean the courses, but I am planning to take some paid courses with them.
"I understand that this is the inevitable fee for science, if it's only 1400$ then great! But how much profit to expect from them and when?
zfs2013.05.16 07:52#
In 2002 I graduated from one of the "lochoforex club" courses, after two months of training I won 2 contests in a row and in the second one I got a "real" account that I lost in 1 deal because I bet everything on black ) Then I realized that trading is not easy and even though the club offered me to join their scamming system I left anyway, realizing that I had no deposit funds, that I was dealing with high risk, that I couldn't even afford the internet at home. I went to work for my uncle with the realisation that I would definitely come back. Profits should be expected according to the real returns of your system on a long history, otherwise you should expect either random gains or losses. Of course in this "easy" business there are cheats everywhere and you cheat yourself, so you should start by learning the pitfalls.
It is about the pitfalls that I am primarily interested in learning! That's what I registered here for.
2232312013.05.16 08:37#
It took me 6 years just to quit my job and start earning something. I haven't worked for 3 years now, but my income is not very stable, my salary is actually higher than the average at work. In forex agencies they employ people who do not understand trading (I worked in one of them), they are salespeople, and it makes no sense to take their paid/free courses, otherwise why do they work there? Of course they teach them to work off objections, "what are you doing here if you're a cool trader".
Your advise: get a job and start learning trading, one by one all types of analysis (just type types of market analysis on the web). Read a book on each, find out which one suits you, study it thoroughly and only when you start earning money you have to quit your job. Forex, like all markets, is a science and becoming profitable is harder than getting a Ph. But before defending a doctorate, people learn and become students.
And do not start with buying "profitable robots" because you have to remember one truth: NO ONE NEVER SELLS ANY PROFITABLE ROBOT. It's not profitable and will cost a lot. Even if a robot makes 50% profit and is sold, it will cost a couple million dollars. Because in business people know the value of interest. Everything that sells for $ 1000 or so is 99% sure to fail.
That's why I'm interested in a structured plan of student lectures to become a doctor of science. The fact that there's so much information that you need to choose what to study, otherwise there's no chance to master even a hundredth of it, but how to choose? I do not want to fall into the trap of cheaters.
IvanIvanov2013.05.16 10:22#
0 Technical attributes of trading, what and where to click
1 Learn not to lose money
2 Learn to earn a little, but steadily
3 Learn to earn more within that trading style which you master
4 Earn as much as you wish
Time frame depends on your persistence and commitment, from a year - to infinity....
PS confused, if we're talking about robots, the first placethe language MQL5, especially - if you will profile on the implementation of not your ideas, the above is about trading in general, not about robots....
I read somewhere that in the next 5 years computer power will grow by millions of times, with the introduction of optical technologies, parallel computing, very parallel, almost a photon per transaction - trading robots will experience a qualitative leap in their development.
I noticed the perspective too! Thanks for the quantitative answer(from a year...) on the timing.
Regarding the points (0-4) if you don't mind, can I have links to the literature and or forum discussions that you think are most representative of the issue.
2232312013.05.16 11:06#
And there's a small selection of professions)). Manager. Full client management. lecturing, hands-on training, cold calling, making predictions, writing and conducting master classes, etc. everyone does it there)). But it was when I decided to look inside the brokerage house to see what's going on, for the sake of interest, and what's going on there is just the kitchen))). They are expensive and they do not have any clue about what's going on there and they don't even understand many things, the purpose of each seminar/training course is to teach people to do something profitable for brokerage companies. The more lots the client brings, the better, and of course, the "secret purpose" of all this is withdrawal, but many people do not realize the secret purpose. If the client withdraws money without having committed a certain number of lots, the manager gets a minus. I think they are not all so strict, but after talking to managers from different brokerage companies I realized that in one way or another conditions are similar.
Mmm yes ... Well, the main thing is to withdraw all the same. I do not know what to do with them.
Ivan Ivanov2013.05.16 11:16#
i don't even know which is more profitable for the broker, 5 trades with 1.00 lot and goodbye to a client or 200 deals with 0.1 - 0.5 lot for a year and years of cooperation with lots from 1.00 and above, each broker has its own, but i finer work with a broker who has min working lot much less than 1.00 but every broker has its own policy....
If you think I'm coming up with the minimum lot 1.00, you're wrong, and it's for beginners and real dollar accounts, there are brokers like..... and due to aggressive advertising they sometimes have higher profit than other brokers with more favorable conditions, resulting in 99% loss ... and the flow to them never dries up....that's amazing...
Maybe the problem is that it's hard enough to teach trading, for example no one has been able to teach me..... and I haven't seen anyone teach anyone, I haven't seen.... Maybe that's why you're just trying to drag, to a bigger lot and then look for newbies...
If a trader guesses with a big lot (as I understood the lot = risk), they will withdraw the money? Or how will the online casino run mandates, such as lack of funds at the moment "apply tomorrow" and the like? Sorry for the stupid question.
I just want to understand who (of customers) earns or only the organizers?
P.S. It would be strange if so many people, even as on this forum and all have only losses, or what is even stranger that all are direct or indirect employees of the scammers.
Better to start with the videos. For example:
Introduction to forex trading(_http://rutracker.org/forum/viewtopic.php?t=4429610)
Forex for Dummies (_http://rutracker.org/forum/viewtopic.php?t=4126559 )
The best way to get started is to start with these videotapes.
I also just started to "probe" what's what.
I'm just starting to test it out. There's a lot of articles on the site and a simple forex trading robot can be assembled quite quickly inizard but I advise to do some hands-on trading to get an idea of what's going on. IMHO
If you want to get into robotics it's a good idea to start studying the basics of AI.
I noticed the perspective too! Thanks for the quantitative answer(from a year...) on the timing.
1. For the points (0-4) if you don't mind, can you provide references to the literature and or forum discussions that you think are most representative of the issue.
They may be useful if they do not know how to fix the market or if they do not know the basic rules of the game, but they cannot tell the trader what to do with it. Or how the online casino will execute the manse, such as lack of funds at the moment, "apply tomorrow" and the like? Sorry for the stupid question.
I just want to understand who (of customers) earns or only the organizers?
P.S. It would be strange if so many people, even as on this forum and all had only losses, or what is even stranger that everyone is a direct or indirect employee of the scammers.
You are quite systematic, which in itself is unusual and suggestive of your true intentions
OK.
1http://www.ozon.ru/context/detail/id/7334258/ The trading theory itself is debatable, though beautiful, but the stages of trader's formation are well stated there
2 Each case should be analyzed separately, and for brokers 1.0 it is not a big lot, even if a beginner can withstand a week trend with such a lot, no broker will go broke for 5000-6000$
You'd be surprised, but it's not just individuals, but also public and commercial banks, investment funds, simple Soros, etc... And the fact that people are now pouring into this business in droves American farmers...... who plow fields in summer and trade on the stock market in winter ... well.... soon, amateurs will start to produce stock market talent in the post soviet space as well.
Ahem... The way you build your questions leads me to believe that you are pursuing a slightly different goal than what you stated in your first post.
I'd suggest some kind of research to create an advertising campaign for a broker or school of traders :-)
You will find out what is valuable for us and then we will see the advertising on the net :-) Traders! Traders! look what we have.... come and see us.....
Your communication style gives away that you are quite savvy in our affairs... but you're asking such seemingly simple questions.... doesn't add up.....
As always, a beginner enters the Forex market, asks a question and then "tough" traders jump on him, the poor guy is probably shocked by the advice. Give the man sensible advice to start with, what kind of a plan you are loading him with!
If I'm wrong now, please correct me.
1. If you have decided to do automated trading, first master the MT4 or MT5 terminal, it will not take you much time, all the information is on this resource.
You also have to study carefully the "psychology of the trader," as you cannot do without it.
You do not need money to start with, you may plummet in virtual accounts at first, the main thing is to understand the concept. You may plunge into the virtual accounts for the first time, the main thing is to understand the sense of it. And about paid courses, of course it's your business, but if you don't feel sorry about the money, you can go there.
Good luck in mastering the coolest business!
"I take it that this is the inevitable cost of science, if it's only $1400 then great! But how much can we expect to get out of it and when?
Why would it be "inevitable"? It's money lost, for which you realize you know nothing... In my opinion, it is known without the payment of that money. In my opinion, until you "master" the demo so that the deposit will steadily grow (or, if you use Expert Advisors, until they give a profit on the last 50-200 trades) - it's too early to switch to the real. If you have practiced on the demo, there will not be a big loss, you will stop sooner.
Where to start?- Forget about forex