freemexy's blog

I Wanna Commit Suicide for Massive Failure Pain

Hello everybody, I am new to posting, I read a lot everyday in the forums, but never the opportunity to post. I am a 21 year old student right now and for me making money is pretty much null. However I have been experiencing Forex trading for about 1 year since I started learning a lot.To get more news about WikiFX, you can visit wikifx official website.

  I would like to tell you my long story, and yes, I know 1 year isn't a lot, but I really trained hard this 1 year and all the end I am pretty much disappointed. I like to post this to hear what you think about and because as I have also read in other posts, it is very helpful for newbies. If you are a newbie and you think Forex will get you rich quick, well it MIGHT start giving you the path, but by the end, the probability of FAILURE is very high if you keep having the mindset of the quick-scheme of getting rich. It is very easy to be making dollars, you are like in a comfortable zone, but once you hit the losing zone... oh man!!.. how painful it is...

  So, How did I get to lose even after reading all the psycological stuff, all the “Don't get greedy”, all the “It is all based on managing money and even after experiencing several Losses” and thinking“I am ready and experienced to do this”?

  The answer is pretty simple but yet different from the typical. You feel you are special, you think you are different than the others. After experiencing everything, you find new methods and try to be that “special market guru”that after reading the forums, you will finally develop that “holy grail”that you are waiting for, and be the new hidden Warren Buffet.

  And yes, after multiple 1k losses of accounts (luckily made), I was making outstanding results, thinking I was the market guru. No joke, I turned from 200 dollars to almost 7,000 dollars in 1 month. And lost it all in 1 day.

  I thought about killing myself. I don't know what happened yesterday. I tried to follow a management system, but sometimes in my head was, if I made 200 dollars to 7k, why can't I just double my account in a very good opportunity.

  My trading life which started actually exactly 1 year ago, trading was in chinese for me. I didn't understand absolutely anything, however I am the type of person that whenever I want something I get addicted to it, so the past year has been hours of dedication into the markets. As a newbie, I started like everyone else; losing. However I learned about the patterns, indicators, pschological stuff, support and resistance, rebounces, corrections.

  Pretty much all the basics.And here goes my first attempt after learning the basics: I started with 200 dollars. Traded some pairs based on basic knowledge. I wasn't doing bad, some wins, some loses. For me it was pretty much gaining experience. However, I started having a major lose streak, and I didnt learn anything about emotions. So guess what? Account blown up.

  

I Wanna Commit Suicide for Massive Failure Pain

Hello everybody, I am new to posting, I read a lot everyday in the forums, but never the opportunity to post. I am a 21 year old student right now and for me making money is pretty much null. However I have been experiencing Forex trading for about 1 year since I started learning a lot.To get more news about WikiFX, you can visit wikifx official website.

  I would like to tell you my long story, and yes, I know 1 year isn't a lot, but I really trained hard this 1 year and all the end I am pretty much disappointed. I like to post this to hear what you think about and because as I have also read in other posts, it is very helpful for newbies. If you are a newbie and you think Forex will get you rich quick, well it MIGHT start giving you the path, but by the end, the probability of FAILURE is very high if you keep having the mindset of the quick-scheme of getting rich. It is very easy to be making dollars, you are like in a comfortable zone, but once you hit the losing zone... oh man!!.. how painful it is...

  So, How did I get to lose even after reading all the psycological stuff, all the “Don't get greedy”, all the “It is all based on managing money and even after experiencing several Losses” and thinking“I am ready and experienced to do this”?

  The answer is pretty simple but yet different from the typical. You feel you are special, you think you are different than the others. After experiencing everything, you find new methods and try to be that “special market guru”that after reading the forums, you will finally develop that “holy grail”that you are waiting for, and be the new hidden Warren Buffet.

  And yes, after multiple 1k losses of accounts (luckily made), I was making outstanding results, thinking I was the market guru. No joke, I turned from 200 dollars to almost 7,000 dollars in 1 month. And lost it all in 1 day.

  I thought about killing myself. I don't know what happened yesterday. I tried to follow a management system, but sometimes in my head was, if I made 200 dollars to 7k, why can't I just double my account in a very good opportunity.

  My trading life which started actually exactly 1 year ago, trading was in chinese for me. I didn't understand absolutely anything, however I am the type of person that whenever I want something I get addicted to it, so the past year has been hours of dedication into the markets. As a newbie, I started like everyone else; losing. However I learned about the patterns, indicators, pschological stuff, support and resistance, rebounces, corrections.

  Pretty much all the basics.And here goes my first attempt after learning the basics: I started with 200 dollars. Traded some pairs based on basic knowledge. I wasn't doing bad, some wins, some loses. For me it was pretty much gaining experience. However, I started having a major lose streak, and I didnt learn anything about emotions. So guess what? Account blown up.

  

What Kind of Traders Earns Profit?

Trading significantly differs from other sectors in terms of the win rate, which is as low as 2%-3%. People engaging in transactions are usually like the following:To get more news about WikiFX, you can visit wikifx official website.

  Type 1: With less than three-year experience, they suffer from both losses and depression. Most traders find themselves the first type, who struggle to meet the basic needs of life but end up terminating their trading careers.

  Type 2: They have long engaged in transactions but cannot earn stable profits to sustain their daily life. This kind of traders will switch to securities/futures companies and get an average income.

  Type 3: Fund managers. They charge management fees in public/private placement, earning far more than the average.

  Type 4: Individuals with long-term, sustainable profits, or charge management fees in others investments. Generally, traders of this type are masters of the industry.

  Only traders of the last two types make money. With proven trading strategies and long-term capital accumulation, they are prepared for potential risks after a thorough evaluation.To be one of them, you must first develop self-mastery, that is, to resist the temptation and seize every opportunity by your own trading strategy. Second, you should become mentally strong with tremendous spirit and keep going on despite setbacks.

  Download WikiFX (bit.ly/wikifxIN) to get lessons from experts who have traded forex for over 20 years

What Kind of Traders Earns Profit?

Trading significantly differs from other sectors in terms of the win rate, which is as low as 2%-3%. People engaging in transactions are usually like the following:To get more news about WikiFX, you can visit wikifx official website.

  Type 1: With less than three-year experience, they suffer from both losses and depression. Most traders find themselves the first type, who struggle to meet the basic needs of life but end up terminating their trading careers.

  Type 2: They have long engaged in transactions but cannot earn stable profits to sustain their daily life. This kind of traders will switch to securities/futures companies and get an average income.

  Type 3: Fund managers. They charge management fees in public/private placement, earning far more than the average.

  Type 4: Individuals with long-term, sustainable profits, or charge management fees in others investments. Generally, traders of this type are masters of the industry.

  Only traders of the last two types make money. With proven trading strategies and long-term capital accumulation, they are prepared for potential risks after a thorough evaluation.To be one of them, you must first develop self-mastery, that is, to resist the temptation and seize every opportunity by your own trading strategy. Second, you should become mentally strong with tremendous spirit and keep going on despite setbacks.

  Download WikiFX (bit.ly/wikifxIN) to get lessons from experts who have traded forex for over 20 years

Global Scam Exposure: Dialyforex247

Recently, our WikiFX Exposure Platform has received some complaints about the broker Dialyforex247 in Asian countries, especially in the Philippines. What has happened with this broker? Is this broker legit, or a scam? In this article, we will present one of these complaints, which tells a story of fraud in the inducement. As the number of complaints is growing, WikiFX reminds Forex investors to pay attention to fraud Forex platforms without any regulation and verify brokers regulatory information and business condition on the WikiFX APP before making your choice.To get more news about WikiFX, you can visit wikifx official website.

  Trading experience on the American online broker Dialyforex247

  At first, a woman named Mas Victoria got in touch with the complainant and introduced that she was an Account Manager of the broker Dialyforex247. After some dialogues, she introduced this broker to the complainant and promised that his deposit money could be multiplied by 5 times within 5 days. Since the complainant could not provide a coins.ph account, she invited him to use hers. After receiving the money deposited into her account, she can trade on his behalf. Without hesitation, the complainant transferred $100 to her account via Palawan Express Money Padala (a common payment method in the Philippines). Then the Maam taught him to register on the Dialyforex247 platform.
Chat history with Maam Victoria for sending deposit money and trading confirmation

  After 4 days, the complainant found that he had already had an account balance of $1,600 (Deposit $100 + Profit $1,500), as shown in this picture:
  Aside from hesitating to send money to her again, the complainant didn‘t have money to pay the required $400. Ma’am asked him how much money he had at the time, and he answered that he had had $100. Then she advised him to send her the $100 as tax payment and promised that he could withdraw the profit. So finally, he sent another $100. In total, he has paid $200 to Maam Victoria.

After receiving the words as shown in the picture, the complaint couldn‘t have any access to contact Ma’am Victoria. Neither Facebook nor WhatsApp was reachable. Also, he contacted the livechat box of Dialyforex247 but no one answered him.

  Considering that the money was the last hope to pay the medicine for his mother, the complainant suffered a lot from this scam. He really wishes the broker can return the $200 deposit to him, as soon as possible.

  According to the latest data from the WikiFX APP, Dialyforex247 only scores 0.99, which is almost the lowest score on the WikiFX platform. The broker is registered in the United States under no effective regulation currently. In view of the great risk, please stay away from it!

Global Scam Exposure: Dialyforex247

Recently, our WikiFX Exposure Platform has received some complaints about the broker Dialyforex247 in Asian countries, especially in the Philippines. What has happened with this broker? Is this broker legit, or a scam? In this article, we will present one of these complaints, which tells a story of fraud in the inducement. As the number of complaints is growing, WikiFX reminds Forex investors to pay attention to fraud Forex platforms without any regulation and verify brokers regulatory information and business condition on the WikiFX APP before making your choice.To get more news about WikiFX, you can visit wikifx official website.

  Trading experience on the American online broker Dialyforex247

  At first, a woman named Mas Victoria got in touch with the complainant and introduced that she was an Account Manager of the broker Dialyforex247. After some dialogues, she introduced this broker to the complainant and promised that his deposit money could be multiplied by 5 times within 5 days. Since the complainant could not provide a coins.ph account, she invited him to use hers. After receiving the money deposited into her account, she can trade on his behalf. Without hesitation, the complainant transferred $100 to her account via Palawan Express Money Padala (a common payment method in the Philippines). Then the Maam taught him to register on the Dialyforex247 platform.
Chat history with Maam Victoria for sending deposit money and trading confirmation

  After 4 days, the complainant found that he had already had an account balance of $1,600 (Deposit $100 + Profit $1,500), as shown in this picture:
  Aside from hesitating to send money to her again, the complainant didn‘t have money to pay the required $400. Ma’am asked him how much money he had at the time, and he answered that he had had $100. Then she advised him to send her the $100 as tax payment and promised that he could withdraw the profit. So finally, he sent another $100. In total, he has paid $200 to Maam Victoria.

After receiving the words as shown in the picture, the complaint couldn‘t have any access to contact Ma’am Victoria. Neither Facebook nor WhatsApp was reachable. Also, he contacted the livechat box of Dialyforex247 but no one answered him.

  Considering that the money was the last hope to pay the medicine for his mother, the complainant suffered a lot from this scam. He really wishes the broker can return the $200 deposit to him, as soon as possible.

  According to the latest data from the WikiFX APP, Dialyforex247 only scores 0.99, which is almost the lowest score on the WikiFX platform. The broker is registered in the United States under no effective regulation currently. In view of the great risk, please stay away from it!

Gold Prices May Fall Further as US Jobs Data Drives Fed Outlook

Gold prices sank as signs of economic recovery and warming price growth in the US stoked suspicions about the durability of ultra-loose Fed monetary policy. Tellingly, the 5-year breakeven rate – a proxy for priced-in inflation expectations – fell with the yellow metal as the data printed.To get more news about WikiFX, you can visit wikifx official website.

  This hinted that investors read the figures as discouraging of stimulus expansion. In fact, some early threads of speculation about a shorter path toward tightening may be showing through despite the Fed‘s protestations. Needless to say, this certainly wouldn’t be the first time traders challenged officials narrative.

  Weekly jobless claims data showed 779k applications for benefits last week, an encouraging outcome relative to expectations of an 830k increase. Meanwhile, unit labor costs jumped 6.8 percent in the 6.8 percent in the fourth quarter, topping projections of a 4 percent gain.

  Looking ahead, all eyes are on January‘s US employment report. It is seen showing a 105k rise in nonfarm payrolls following December’s shock 140k drop. The jobless rate is seen holding unchanged at 6.7 percent. Leading ISM survey data suggests an upside surprise might be in the works.

  Januarys edition suggested the pace of job creation has returned to pre-Covid levels. Service-sector hiring growth jumped to the highest since February 2020 – just before the outbreak triggered lockdowns. Meanwhile, the manufacturing sector added staff at the fastest rate since June 2019.

  An uptick in wage inflation may add to the Fed outlook implications of firm topline results. Hourly earnings are seen adding 5 percent on-year, a slight cooling compared with the 5.1 percent rise in December. Markit PMI data flagging the steepest costs rise since 2009 hint this too may overshoot however.

  Gold is likely to fall further in such a scenario as the markets are encouraged to focus on the timeline for reducing stimulus – as opposed to expanding it – as the central object of speculation. This would understandably undermine the appeal of the non-yielding store of value alternative.
  Gold prices have slipped back below inflection point support at 1817.13, opening the door for another test of the 1747.74-65.30 area. A daily close below that may set the stage for a probe below the $1700/oz figure. Alternatively, returning back above 1817.13 puts the 1860-71.34 zone back into focus as resistance.

Gold Prices May Fall Further as US Jobs Data Drives Fed Outlook

Gold prices sank as signs of economic recovery and warming price growth in the US stoked suspicions about the durability of ultra-loose Fed monetary policy. Tellingly, the 5-year breakeven rate – a proxy for priced-in inflation expectations – fell with the yellow metal as the data printed.To get more news about WikiFX, you can visit wikifx official website.

  This hinted that investors read the figures as discouraging of stimulus expansion. In fact, some early threads of speculation about a shorter path toward tightening may be showing through despite the Fed‘s protestations. Needless to say, this certainly wouldn’t be the first time traders challenged officials narrative.

  Weekly jobless claims data showed 779k applications for benefits last week, an encouraging outcome relative to expectations of an 830k increase. Meanwhile, unit labor costs jumped 6.8 percent in the 6.8 percent in the fourth quarter, topping projections of a 4 percent gain.

  Looking ahead, all eyes are on January‘s US employment report. It is seen showing a 105k rise in nonfarm payrolls following December’s shock 140k drop. The jobless rate is seen holding unchanged at 6.7 percent. Leading ISM survey data suggests an upside surprise might be in the works.

  Januarys edition suggested the pace of job creation has returned to pre-Covid levels. Service-sector hiring growth jumped to the highest since February 2020 – just before the outbreak triggered lockdowns. Meanwhile, the manufacturing sector added staff at the fastest rate since June 2019.

  An uptick in wage inflation may add to the Fed outlook implications of firm topline results. Hourly earnings are seen adding 5 percent on-year, a slight cooling compared with the 5.1 percent rise in December. Markit PMI data flagging the steepest costs rise since 2009 hint this too may overshoot however.

  Gold is likely to fall further in such a scenario as the markets are encouraged to focus on the timeline for reducing stimulus – as opposed to expanding it – as the central object of speculation. This would understandably undermine the appeal of the non-yielding store of value alternative.
  Gold prices have slipped back below inflection point support at 1817.13, opening the door for another test of the 1747.74-65.30 area. A daily close below that may set the stage for a probe below the $1700/oz figure. Alternatively, returning back above 1817.13 puts the 1860-71.34 zone back into focus as resistance.

New chart shows this Bitcoin bull run is only beginning

Bitcoin (BTC) could reach almost $400,000 this bull cycle simply by copying previous behavior, one popular analyst has said.To get more news about WikiFX, you can visit wikifx official website.

  In a tweet on Feb. 4, Yassine Elmandjra, cryptoasset analyst at asset manager ARK, revealed just how early on in its current bull run BTC/USD really is.

   BTC price to $400,000?

  Compared to 2013 and 2017, the 2020-21 cycle is barely off the start line, with a hypothetical chart suggesting that the top this time around could be as high as $390,000.

  “This is how bitcoins price would behave if the current bull market dwarfed the 2017 bull market in the same way the 2017 bull market dwarfed the 2013 bull market,” Elmandjra added in comments.With various indicators all now pointing to a continuation of bullish upside for Bitcoin, Elmandjra is not alone in predicting serious progress in the mid to long term. Responding, however, fellow analyst Tuur Demeester noted that in terms of increases, 2013 in fact beat 2017.

  The true “power” of the latest bull run thus depends on various factors, with other recent comparative data suggesting that this year ranks exactly between the two previous examples.

  Elmandjra confirmed that a $390,000 price would correspond to a Bitcoin market cap of around $8 trillion — roughly 80% of that of gold. As Cointelegraph reported, estimates suggest that in real terms, Bitcoin has so far cornered just 2% of that amount.

   A perfect storm for bull

  Focusing on the immediate future, however, well-known figures are primed for a price continuation to begin imminently.

  Thanks to a combination of declining U.S. dollar strength, corporate interest and consolidating $30,000 support, it may not be long before bulls return to the driving seat.

  Commenting on Tuesday, investor Dan Tapeiro highlighted Bitcoins moving average convergence divergence (MACD) as the latest metric to flip.

New chart shows this Bitcoin bull run is only beginning

Bitcoin (BTC) could reach almost $400,000 this bull cycle simply by copying previous behavior, one popular analyst has said.To get more news about WikiFX, you can visit wikifx official website.

  In a tweet on Feb. 4, Yassine Elmandjra, cryptoasset analyst at asset manager ARK, revealed just how early on in its current bull run BTC/USD really is.

   BTC price to $400,000?

  Compared to 2013 and 2017, the 2020-21 cycle is barely off the start line, with a hypothetical chart suggesting that the top this time around could be as high as $390,000.

  “This is how bitcoins price would behave if the current bull market dwarfed the 2017 bull market in the same way the 2017 bull market dwarfed the 2013 bull market,” Elmandjra added in comments.With various indicators all now pointing to a continuation of bullish upside for Bitcoin, Elmandjra is not alone in predicting serious progress in the mid to long term. Responding, however, fellow analyst Tuur Demeester noted that in terms of increases, 2013 in fact beat 2017.

  The true “power” of the latest bull run thus depends on various factors, with other recent comparative data suggesting that this year ranks exactly between the two previous examples.

  Elmandjra confirmed that a $390,000 price would correspond to a Bitcoin market cap of around $8 trillion — roughly 80% of that of gold. As Cointelegraph reported, estimates suggest that in real terms, Bitcoin has so far cornered just 2% of that amount.

   A perfect storm for bull

  Focusing on the immediate future, however, well-known figures are primed for a price continuation to begin imminently.

  Thanks to a combination of declining U.S. dollar strength, corporate interest and consolidating $30,000 support, it may not be long before bulls return to the driving seat.

  Commenting on Tuesday, investor Dan Tapeiro highlighted Bitcoins moving average convergence divergence (MACD) as the latest metric to flip.

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