mql5.com blind leading the blind dishonesty stinking fxcm banned
How much misinformation is posted in the internet ,books,analysis, quack forums, seminars etc etc etc?Just imagine 20,000 trading books, there is only one road from A to B ,yet traders are bombarded with 20,000 maps, one indicator does the job yet there are over 5,000 indicators on mql4.com site.If a driver had 5,000 indicators, he would not not which direction to take, in his very simple journey.
TRADING FORUMS ARE ESSENTIALLY THE BLIND LEADING THE BLIND
It feels like internet forums (such as trade2win and others) are full of people who take trading seriously, they come across as knowledgeable and like they know what they're talking about. But in reality, they don't have much of a clue and don't make any money in the markets.
The problem with forums is that "consensus opinions" are built up among the community (eg. X book is good, Y strategy is correct) and anyone who deviates away from such opinions are labelled as trolls. So this creates an echo chamber of (often wrong) opinions on certain subjects which get perpetuated over and over (even worse, it gets put in sticky threads for newbies to read). Hence it becomes a place where the blind leads the blind. Newbies repeatedly get fed wrong or misleading information from people who think they are right, and no one makes any money.
The truly good information is never posted. This is from professional traders who know that posting such information would destroy any edge they have in the markets. So what you get on a forum is simply speculation and advice which doesn't ultimately help people make money.
http://www.trade2win.com/boards/first-steps/224020-these-forums-essentially-just-blind-leading-blind.html
ALL TRADING FORUMS SUCK:REMOVING THREADS ,DELETING CONTENT & MISINFORMATION QUACKS
https://community.ig.com/t5/General-Trading-Strategy/Trading-misinformation-Quack-views-on-brokers-and-trading/td-p/26398
Dishonesty and market manipulation against clients
FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker, now run from London after being banned from United States markets for defrauding its customers. ... FXCM withdrew its CFTC registration and agreed not to re-register in the future, effectively banning it from trading in the United States.
https://www.forexfactory.com/showthread.php?t=263020
https://www.forexfactory.com/showthread.php?t=245200
https://www.forexfactory.com/showthread.php?t=554490
https://www.forexfactory.com/showthread.php?t=70582
A car only needs 1 indicator , a trader only needs 1 indicator,
https://www.mql5.com/en/forum/258192
https://community.ig.com/t5/General-Trading-Strategy/Trading-misinformation-Quack-views-on-brokers-and-trading/td-p/26398
https://community.ig.com/t5/General-Trading-Strategy/Why-do-most-trading-robots-EAS-fail/td-p/25665
TRADING FORUMS ARE ESSENTIALLY THE BLIND LEADING THE BLIND
It feels like internet forums (such as trade2win and others) are full of people who take trading seriously, they come across as knowledgeable and like they know what they're talking about. But in reality, they don't have much of a clue and don't make any money in the markets.
The problem with forums is that "consensus opinions" are built up among the community (eg. X book is good, Y strategy is correct) and anyone who deviates away from such opinions are labelled as trolls. So this creates an echo chamber of (often wrong) opinions on certain subjects which get perpetuated over and over (even worse, it gets put in sticky threads for newbies to read). Hence it becomes a place where the blind leads the blind. Newbies repeatedly get fed wrong or misleading information from people who think they are right, and no one makes any money.
The truly good information is never posted. This is from professional traders who know that posting such information would destroy any edge they have in the markets. So what you get on a forum is simply speculation and advice which doesn't ultimately help people make money.
http://www.trade2win.com/boards/first-steps/224020-these-forums-essentially-just-blind-leading-blind.html
ALL TRADING FORUMS SUCK:REMOVING THREADS ,DELETING CONTENT & MISINFORMATION QUACKS
https://community.ig.com/t5/General-Trading-Strategy/Trading-misinformation-Quack-views-on-brokers-and-trading/td-p/26398
Traders trade and when they are done with it they just enjoy their lives or sometimes help aspiring traders. Losers, on the other hand, spend their time on trading forums looking for a sympathetic crowd to feel better about themselves.And that indeed is a major problem with trading forums: the people they attract are not the ones you are likely to learn much from, but largely newbies desperate to learn and "accomplished" losers desperate to "teach" them.
http://www.eminimethods.com/why_trading_forums_suck_article_46.html
Dishonesty and market manipulation against clients
FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker, now run from London after being banned from United States markets for defrauding its customers. ... FXCM withdrew its CFTC registration and agreed not to re-register in the future, effectively banning it from trading in the United States.
https://www.forexfactory.com/showthread.php?t=263020
https://www.forexfactory.com/showthread.php?t=245200
https://www.forexfactory.com/showthread.php?t=554490
https://www.forexfactory.com/showthread.php?t=70582
MT4 Brokers' Virtual Dealer Plug-In
IS FOREX IS A SCAM? - WHY TRADERS LOSE MILLIONS TRADING FOREX AND USING WEALTH GENERATORS
MQL5.COM IS FOREX IS A SCAM?
Trading misinformation:Quack views on brokers and trading
How much misinformation is posted in the internet ,books,analysis, quack forums, seminars etc etc etc?Just imagine 20,000 trading books, there is only one road from A to B ,yet traders are bombarded with 20,000 maps, one indicator does the job yet there are over 5,000 indicators on mql4.com site.If a driver had 5,000 indicators, he would not not which direction to take, in his very simple journey.A car only needs 1 indicator , a trader only needs 1 indicator,
Stochastics the professional's preferred price action indicator
https://www.mql5.com/en/forum/258192
https://community.ig.com/t5/General-Trading-Strategy/Trading-misinformation-Quack-views-on-brokers-and-trading/td-p/26398
Breaking: IG Group Buys DailyFX from FXCM for $40m
FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker, now run from London after being banned from United States markets for defrauding its customers. ... FXCM withdrew its CFTC registration and agreed not to re-register in the future, effectively banning it from trading in the United States.
Is mql5 supporting scams, with regards to Expert Advisors?
https://www.mql5.com/en/forum/34067
Is anyone out there really making profit from their EA?
Why do most trading robots (EAS) fail?
https://community.ig.com/t5/General-Trading-Strategy/Why-do-most-trading-robots-EAS-fail/td-p/25665
Expert Advisor Scams and How Forex Traders Can Avoid Them
An expert advisor can be described as the ultimate trading robot, which continuously monitors markets and makes series of trading decisions for the trader. A legit Forex EA will yield a lot of money for the trader, while fake EAs will plunge him/her into financial ruin. There are many strategists who are building their special EAs that perform special trading tricks to yield results that may look good when they are actually fake. There are various ways of spotting fake expert advisors. This article will extensively look at them.
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