21 Comments

  1. You're spot on there Karen. College education is probably the biggest scam of them all. I just started learning a week ago and will be continuing for another 2/3 months, during that time I'm opening a few demo account for practice. I like your videos because it's straight forward and no nonsense. I'm currently focusing on individual & combined candlestick patterns, ichimoku, momentum and Fibonacci. Hopefully I can come up with a strategy in these coming 3 months. I'm giving myself 8 to 12 months before getting a live account. Till then I'm learning as much layers of knowledge as I can. Thanks again Karen.

  2. Trading forex is like learning to drive a car ! It all depends if your instructor – meaning institute of forex education is good or rubbish and the car you drove in is a good one or it keeps breaking down – meaning it depends if your broker is a market maker or not on the car you chose to take lessons in! If you chose a bad broker you will definitely not pass your driving test to establish safe trading as this rubbish car will guarantee to make you loose your money!

  3. Just because it's difficult and requires responsibility, doesn't mean it's a scam. I find this claim ridiculous and full of bitterness and resentment, leading to closed and narrow mindedness. In my opinion, it's similar to how people have had poor dating/relationship experiences and where some are sadly very quickly to judge and then blame and/or attack others (e.g. The opposite sex – "ALL men are awful because of these certain behaviours forever and never change", "ALL women are awful because of these certain behaviours forever and never change"). And then back their claim on statistics (which don't tell the "whole story" as truthfully and accurately as possible by the way – such as how the actions or strategies used to lead to this common statistic – again, no showing of journey and analysing how you got there, only showing the end result/consequence and not detailing the intention underlying the results… that's the case with statistics sometimes) that fit their negative bias and their "right" to blame others and avoid taking responsibility for their own actions. And it's the same with Forex or potentially trading in general, depending on how far it goes based on what you've looked into. Because apparently they're always correct and if things don't go well, then other factors outside the person are always incorrect. It's truly disgusting, unhelpful and unhealthy in my opinion and this constant and permanent victim mentality does not serve anyone any help. And the worst thing is, they spread this out like propaganda – thinking their geniuses. Not just in trading or any other endeavour, but life in general. Yes it's difficult… Yes it's suffering. Do something about it instead of fucking whining all the time and, worst of all, blaming/attacking others for YOUR OWN thoughts and feelings which is incredibly irresponsible and dangerous. If you think it's a scam, you're not making it any better with that negative attitude – that's not a solution… that's a dis-solution and an addiction to negative bias to feel powerful and "smart" (and whatever the deeper intentions are, such as manipulation to get people to steer away from others and come to you instead); but that is NOT wise nor healthy. That's my opinion anyway. And it's even worse when they aren't open to learning other things out of vanity. It's called willful blindness. I find it frustrating but mostly very concerning and sad. Apologies for the rant, I felt that I needed to expel this because I've come across many destructive attitudes like this and it gets very annoying and heartbreaking after a while.

  4. I ain't tryna get rich. I just wanna make extra money but 500 bucks is 500 bucks. I wouldn't mind losing them to a business fail but sure dont wanna get robbed either.

  5. You're up against billionaires and banks. It's a zero sum gain. If you win another person losses money. They're smarter than you period because you're not going to steal money from banks and billionaires.

  6. not to say scam or not. just like the casino the house always wins. is design with disadvantages on the trader. the moment u open a trade u already lose.

  7. Its actually an interesting subject. Someone was is talking to me on messenger on me about this subject like how easy to earn money by forex trading. When they say easy money I tend to turn them down and raise suspicion on them, basically to me I see it as a bait as I dont know about that subject until now. Right now he deleted the whole conversation and blocked me, so I guess that person is a scam, tho claimed by throwing x (quantity of cash) = x times 5. So in marketing wise I really dont know that is true. So in the end I learned something new today

  8. So important this video Karen! I went to automatic trading in order to do extensive backtesting to build my confidence, tried to find a strategy that suited all market conditions, then thought of getting training from some of the multiple gurus, they market their services so heavily as we see in infomercials that I began to think that the money was there, selling dreams instead of trading.

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