Is forex really genuine?

[pipdmt]

I've met several people who have lost money and are constantly asking me, how is it that you still remain in this market? is forex really genuine? The honest truth is that forex is genuine, you only need to have a good strategy, and if you're saying that forex brokers are scam, then I have traded with these brokers and I can say that they too are genuine.

1. FXCM

2. Oanda

3. FreshForex.

4. Fiximarkers

 

and many others, these are just a narrow list of brokers

[Gee Dee]

This is an unfortunate fact that in the forex market, traders are facing scam brokers. But when we are selecting brokers we are thinking that these specific parties will work towards our benefits. However, we should go for regulations to avoid unwanted fraudulent activities created by scam brokers. And yes, forex is a genuine business. Currency exchange traders are receiving versatile earning opportunities in the forex market regularly with the help of reliable brokers, we just have to select regulated and dependable brokers.

 

[oliver1007]

If you find a broker which has a suspicious look, you can take a screenshot on your trading and report to regulator.

[bredd]

Yes forex is amazing. 

[boltushkin]

If you find a broker which has a suspicious look, you can take a screenshot on your trading and report to regulator.

Does it really work? Have you tried it personally? Though I don't have any issues with my broker Hotforex, I would recommend this option to other newbies who suffered from unfair treatment from their brokers. 

[uncle gober]

that's why traders should also be able to take advantage of a demo account well, this is necessary so that traders can to be more maximal again in adjusting dnegan brokers and markets in the real account.

[bearhugs]

Forex Online Trading is the most genuine trading in the world. it's very genuine from every prospectus. Every transaction is online and we don't have to worry because of their online footprint of everything.

[uncle gober]

That's right, traders should also be able to be better and be more maximal in training and understanding, so that traders can better manage their funds and risks well to generate profits that are in line with expectations.

[Sininfinity]

Well the people who are constantly losing, are in denial that it could be because of them that they are losing. They should check their method of trading and should not put the blame on someone else because they lose all the time.

[uncle gober]

That is why it will be very important for traders to be able to do an evaluation, this is useful so that traders can get better and be more maximal in managing existing funds and risks more maximally than before.

[boltushkin]

Yes forex is amazing. 

 

 

Why it's amazing? Have you managed to make any profit from it?

[bearhugs]

Fake traders don’t publish their account statements or use 3rd party services which can be cheated. If you teach trading without trading yourself you are a fraud.

[boltushkin]

Fake traders don’t publish their account statements or use 3rd party services which can be cheated. If you teach trading without trading yourself you are a fraud.

 

Why? Don't you believe in fair monitoring websites like myfxbook? They have verification options, like confirming that your account is real, etc. 

[Sininfinity]

There are many ways people can cheat others and that is why I dislike the idea of taking other's decisions in to consideration and only rely on my own judgement when it comes to money. Others will look at their own benefit at the cost of others people's loss.

[bearhugs]

Like any other type of investment, Forex Trading has its inherent risks and potential for profitability or loss and knowing how to mitigate these risks goes a long way in determining your own Forex trading profit or loss.

[Namu]

In forex trading, choosing the right broker is very necessary because that way it will make us able to trade with the maximum if we can get the right broker. Therefore, try to be more careful in choosing a broker and we must first test the broker that we will use for trading so we will get the right broker. and I am already comfort trading in Freshforex

[Sininfinity]

Why? Don't you believe in fair monitoring websites like myfxbook? They have verification options, like confirming that your account is real, etc. 

 

Agree with myfxbook. But there are monitoring sites where people can manipulate their results. And it is really easy for newbie traders to fall victim for those.

[Ariel Dala]

Forex is genuine but only IF we are doing it with plans and strategies and more importantly, IF we are doing it via a reliable and trustworthy broker. If we join up companies that aren’t reliable enough, then we might feel the whole Forex thing is scam, so that is what we need to be wise about! At least, I am that way.

[Namu]

yes at least in forex trading there is a need for good mental readiness, in order to stay afloat and gain profits in forex, while our analysis can be accurate the results can be maximum

[Ariel Dala]

There shouldn’t be any doubt about Forex being genuine or not. It is 101% genuine, and that’s the reason that makes it so likable. However, we just need to work on good strategy, IF we are not having that then we mostly will end up losing, and in that scenario we blame Forex which is wrong.

[best forex]

Guid lines for trading Symmetrical Triangles

 

Generate  by using Symmetrical Triangles

Two sloping and converging trendlines Price follows two sloping trendlines that join at the triangle apex

 

Price crossing Price must cross the pattern from side to side, filling the triangle with movement. Avoid patterns with excessive white space in the center of the triangle

 

A symmetrical triangle appears like an angel fish bounded by two converging trendlines. The breakout can be in any direction.

Breakout Can be in any direction.

 

Duration Should be longer than three weeks; otherwise they could be pennants.

 

Symmetrical triangles should be at least three weeks long; otherwise they are pennants. Pennants always rest upon a flagpole (a straight-line price run), so if the pole is missing, the pattern is a symmetrical triangle.

 

Confirm Price confirms many patterns when the pair  closes outside the pattern boundaries. For example, in a double bottom, price must close above the highest peak between the two bottoms; otherwise, it is not a double bottom.

 

To avoid selecting bogus symmetrical triangles, look for at least three touches of each trendline

when to place 

Trade with trend As consolidations, prices usually leave the triangle in the same

direction as when they enter.

 

Measure rule

Compute the formation height by subtracting the lowest low from the highest high. For upward breakouts, add the difference to the highest high or for downward breakouts, subtract the difference. Alternatively, symmetrical triangles can be halfway points in a move, so project accordingly.

 

 

 

 

[best forex]

Guidelines of Descending Triangles

A triangular-shaped pattern bounded by two trend lines, the bottom one horizontal and the top one sloping down, that intersect at the triangle apex

Horizontal support 

A horizontal (or nearly so) base acts to support prices. Prices

line should touch the base at least twice (at least two minor low

that either touch or come close to the trend line).

 

Down-sloping top A down-sloping price trend that eventually intersects the horizontal base line at the apex. Prices should rise up and touch (or

come close to) the sloping trend line at least twice, forming two

distinct minor highs.

 

Breakouts  and entry for best forex signals 

Usually occur on very high volume that diminishes over time.

However, prices can also break out on low volume.

Price action after breakout 

Prices usually move down quickly, reaching the ultimate low in a

straight-line fashion. Pullbacks occur about half of the time.

 

price target

Calculate the height of the formation by subtracting the highest

high from the lowest low. Subtract the height from the value of the

lower trend line to get the predicted minimum price decline. Alternatively,

draw a line parallel to the down-sloping trend line starting

at the lower left corner of the formation. The value of this line where

prices break out of the formation becomes the target price. For

upward breakouts, add the height to the price where it pierces the

top trend line.

Best forex trading signals

Since the breakout direction is unknown, always wait for the break

out to occur. After a downward breakout, sell short immediately or

after prices pull back to the triangle base and start moving down

again. Another way to play the formation is to wait for an upward

breakout then buy the pair .

 

KEY POINT: A descending triangle is a wedgeshaped chart pattern that breaks out downward most often. It can act as a reversal or continuation of the price trend.

 

SMART INVESTOR TIP If price touches the bottom trendline only twice, it should touch the down-sloping trendline at least three times. This is not a requirement, but fi ve touches for many chart patterns works well to help avoid selecting boneheaded ones.

 

SMART INVESTOR TIP Avoid excessive white space between the two trendlines when selecting descending triangles. Price should cross the triangle plenty of times to fi ll the area.

 

KEY POINT: A descending triangle forms when buyers acquire the pair at a fi xed price, forming a line of support. Others sell when the stock becomes overpriced.

 

SMART INVESTOR TIP It is helpful to look at a price chart without any trendlines connecting the pattern boundaries to make sure that what you are seeing is really a chart pattern. Can you draw each trendline a different way, by connecting other nearby peaks or valleys? Will others see the same pattern as you? If there are doubts, then skip the pattern and look for another one.

 

 

 

[best forex]

 

 

Guidelines for trading  by Ascending Triangles 

 

Ascending triangles are wedge-shaped patterns that break out most often upward. The triangle can act as a reversal or continuation of the existing price trend.

Horizontal top line Price along the top follows a horizontal trend

 

Up-sloping bottom line Price makes a series of higher valleys, following a trendline. The two trendlines converge

 

Price crossing Price must cross the pattern from side to side, filling the triangle with movement. Avoid patterns with excessive white space in the center of the triangle

 

Breakout Can be in any direction, but is upward the majority of the time.

 

When searching for ascending triangles, make sure price crosses the chart pattern from side to side several times. Price should not be bunched up near the start nor near the end with an empty white hole in the middle

 

An ascending triangle forms because of increasing demand at lower prices matched with selling at a constant price.

 

The breakout from an ascending triangle is upward 64 percent of the time based on research completed in 2011 using over 1,600 ascending triangles in both bull and bear markets.

 

The apex of a triangle is where price tends to form a short-term peak or valley.

 

Measure rule 

Compute the height of the formation at the start of the

triangle. Add the result to the price of the horizontal trend line

(upward breakout) or subtract it from the break price

(downward breakout). The result is the minimum price target.

For trading signals 

Wait for confirmation Buy the pair when price closes beyond the trend line.

 

Sell on measure rule and best forex signals

For short-term traders sell trading signals  generate when pair nears the target (see

measure rule). For intermediate- and long-term traders, hold

the pair until fundamentals or market conditions change.

Sell on downward breakout 

If you own the stock and it breaks out downward, sell. If you

do not own it, sell it short. Should the stock pull back, that is

another opportunity to sell, sell short, or add to your short

position.

 

 

[best forex]

Guidelines to trade by Head and Shoulders tops

 

A head-and-shoulders top is a three-peak reversal pattern with a centrally located head priced above two adjacent (shoulder) peaks. The pattern confirms as a valid  when price closes below the neckline or right armpit.

 

Upward price trend Look for an upward price trend leading to a head and shoulders top.

 

Three peaks The head-and-shoulders top is a three-peak pattern with the middle peak above the other two. The three peaks and two armpits (valleys between the peaks) should be well-defined minor highs and lows.

 

Symmetry The entire pattern has a symmetrical feel to it. The left and right shoulders should have similar distances from the head; both shoulders should top out near the same price, and be positioned on either side of the head

 

If a head-and-shoulders top does not resemble a human bust, then it is not a head-and-shoulders top.

Get the 

Chart patterns that form well into a price trend may the end of the trend.

Measure rule Compute the formation height by subtracting the value of the neckline from the highest high reached in the head, measured vertically. Subtract the result from the breakout price where prices pierce the up-sloping neckline, or, if the neckline slopes downward, closes below the right shoulder low. The result is the minimum target price to which prices descend. Alternatively, compute the formation height from the highest high to the daily low price in the higher of the two troughs. Subtract the result from the daily high price in the higher of the two troughs to get the target price. This method boosts the success rate and does not

[Sininfinity]

Forex is genuine but only IF we are doing it with plans and strategies and more importantly, IF we are doing it via a reliable and trustworthy broker. If we join up companies that aren’t reliable enough, then we might feel the whole Forex thing is scam, so that is what we need to be wise about! At least, I am that way.

People who does not gain success or quit forex or have lack of education, they tend to say forex is not genuine. This is not a new thing in the market.