Forex is money sucking machine?

[bolaadewumi]

i totally disagree with you that forex is a sucking machine what i think is wrong or what make it to look like that are the people trading the market, there approach to the market is very wrong and they always think forex is a market where one can become millionaire overnight or in just a blink of an eye, which i think is a very wrong approach and thinking.

[royhan]

i think that foregin exhange mOney machine will been easier and more if Youre entering the markets long with lots of experience my opinion is usually little traderss is newbies who always fails is haves not experienced. thanks.

[blonur]

it is true that many forex beginner think that forex is a money making machine and they want to become a rich within a day ,they also think forex is very easy way for earn money and they do not follow any forex market rules such as good money management rule ,low risk ,they do not follow any good trader advice .as a result at last they lost their total capita for lack of knowledge and practice

[fxsabuj]

Yes, forex is a money sucking machine for those who do not have proper education and good market knowledge of forex business. Without proper trading education and trading strategy forex market sucks traders money. So it is really a money sucking machine for them.

[Iqra]

Hi friends
Are you agree with me that forex is money sucking machine and on daily basis it sucks the money of small traders and accumulate the money in the accounts of big traders? As we know that money in the forex is limited and it transfers from one account to another. Let suppose if you open the position and market moves in your favor then its mean that forex is now getting the money of some one else who open the trades against you and whose lot size is bigger than you. If he will close the position then market will move to get your money now and if you will not close it then your money will go to some one else account.

ya,we can say like this, as some one open the trade for buy and some one has open the position for sell, then market will only move in one direction either sell or buy ,let us suppose if it move for sell then trader who has open the position for sell will get benifit for this and will get the profit with loosng money of the trader who had open the position for buy.

[10pips]

just the trader who aer do not trade well on the forex and also have the bad emotion on make the trading on the forex will say that the forex is teh money sucking machine, but for me i will just say that the forex is the money making machine which can make me make teh money in here too

[hanabare]

yeah, i agree with you. Forex is a sucking or eating money machine for newbies and small traders because most of them are inexperienced traders. they trade without knowledge about money and risk management.

of course, forex is a money sucking machine for people who don't understand fully what they are doing in this cruel market.
however, when we already have a good knowledge and good trading skills we will be able to make this business into a money making machine.

[sagulcuy]

yes it is true .... well .... forex money sucking machine ..... but if it happens to us or not .... and if it is we who are penghisapnya machine or our money sucked by the suction machine and cause our money runs out ...... this is a consideration and we have to think and evaluate .... should we do with our forex trading should be menhisap money and make profits for us ... .. instead we will be sucked .....

[ITECT901351]

Forex is money sucking machine for those people who does not learn about Forex properly and come ere with large dream and want to make money in a night.For this reason they take high risk and loss money.I think if you come here after learning properly and can work hard then Forex will be the money making machine for you.

[Biddarani]

Every business has a good and bad side.You have know the business.When you start loose money,you keep away form it.After someday you can join it.Then i think you get your desire profit.