Thegreenfx.com Review 3 Reasons Why TheGreenFx is a Scam Forex Trading

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Top 3 reasons why this Forex group is the best. (OPINION)

The forex family has been on my radar for close to about a year and a half now. Throughout this time, I have carefully scrutinized many of their leaders to see if they are the real deal when it comes to Forex education as that is what their group, “The Forex Family”, does for many aspiring traders. It goes without saying that my tone in this review towards The Forex Family is more than satisfactory mainly because of these three reasons.

Verified Profitable Mentors
1. I first heard of The Forex Family through a Forex buddy that was in the same trading group as I. At the time I didn’t know much about The Forex Family mostly due to the fact that I was still a novice when it comes to trading the Forex. I was very curious to what type of group this was as at the time a lot of Forex groups were basically in disguise. It was to my surprise that I found out that the founder of the group, Uncle Ted, was actually one of the main mentors that had a verified track record of being a six,if not, seven figure trader. His results, just as the results of many of his mentor colleagues, are verified through his regulated brokerage firm called “The Traders Domain”. These pure facts were almost enough for me to believe in the Forex Family as a group but I needed more evidence to validate my bias that these guys were the best in the industry. Good thing this is only one out of three points.

Group Structure
2. I’m not officially in the Forex Family as of yet but based off of the free webinars and social media post these guys put out, I can definitely tell this “group” is more organized than what the name suggest. It is to my knowledge that each individual trader is taken care of by means of one-on-one mentorship in their respected groups. By this I mean there are mentors for scalpers, day traders, swing traders, and more. I find this very unique due to the fact that the average forex group doesn’t have this type of structure. I’ve been in several Forex groups so I can truly say that there is no comparison to the way The Forex Family is structured. You really feel that you are taken care of mostly because these mentors know what it feels like to be unprofitable. I even heard that mentors ask for trading plans from each trader essentially encouraging and pushing them to progress towards profitability.

Commitment and Desire
3. I seldom notice profitable traders that become mentors continue the same rigorous study/work schedule they had when they were amateurs. This is probably due to the fact that there isn’t a need or desire to get any better at trading as they now have an option to solicitate trading education. Fortunately for me and you, this doesn’t apply towards to The Forex Family. Based of off a free webinar I watched from one of their mentors (Wicksdontlie) it is said that these mentors wake up bright and early to help and trade with their students. I feel this itself is enough to prove The Forex Family’s greatness because, let’s face it, what mentor would wake up at 3:00 am just to trade with you?

Conclusion
I love the philosophy of The Forex Family is built on which is why I am joining this fall. Hopefully, I will see you there!

TheGreenFx

Уже более 15 лет финансовая компания TheGreenFx предоставляет трейдерам возможность зарабатывать со 100$ на разнице курсов валют и других активов. Официальный сайт переведен на английский, русский языки. У фирмы нет брокерской лицензии от регулирующего органа.

Общие торговые условия TheGreenFx:

Минимальный размер лота 0,01;

Кредитный рычаг гибкий – до 1 к 500;

Плавающие спреды от 1/10 пункта;

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Исполнение по рынку;

Более 140 инструментов для торговли;

Защита от отрицательного баланса;

Трейдеры могут заниматься скальпингом, локированием. Брокер хеджирует все позиции клиентов, начиная от объема 0,1 лота. Исполнение заявок No Dealing Desk, то есть фирма не вмешивается в работу клиента, давая ему прямой доступ к межбанку.

Для работы дается доступ к терминалу МетаТрейдер 4. Можно установить на все типы устройств, есть открытие сделок в один клик, технический анализ, графический, уведомления, индикаторы.

Типов счетов в TheGreenFx несколько: STP (от 100$), ECN (от 1000$), Crypto (от 20000$), VIP (от 100.000$). Есть комиссионный сбор за полный лот, реквоты отсутствуют, маржин колл 20%, стоп аут 10%, алготрейдинг.

По информации с сайта, средний онлайн пользователей около 2000, активных трейдеров более 9000, корпоративных клиентов 400 и более.

Есть доступ к новостям, календарю событий, техническому анализу, партнерской программе. Для партнерки выдается личный кабинет со статистикой, прибыль неограничена, поддержка со стороны сотрудников.

Пополнить депозит в ГринЭфИкс можно через банковские карты Виза, Мастеркард, МИР.

Отзывы о TheGreenFx в интернете неоднозначные. Вы можете оставить свой отзыв о фирме ниже, с ее плюсами, минусами. Не рекомендуется вкладывать деньги в брокера, у которого нет сертификата на обслуживание от финансового регулятора. Это может привести к потере денег. Торговля Forex/CFD – рискованное дело.

Reasons Why Forex Traders Lose Money

Michael Grabois/Getty Images

A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting. The forex website DailyFX found that many forex traders do better than that, but new traders still have a tough timing gaining ground in this market. To help you make it into that elusive 4 percent of winning traders, the following list shows you some of the most common reasons why forex traders lose money.

Befriending the Market

The market is not something you beat, but something you understand and join when a trend is defined. At the same time, the market is something that can shake you out if you are trying to get too much from it with too little capital. Having the “beating the market” mindset often causes traders to trade too aggressively or go against trends, which is a sure recipe for disaster.

Low Start-Up Capital

Most currency traders start out looking for a way to get out of debt or to make easy money. It is common for forex marketers to encourage you to trade large lot sizes and trade using high leverage to generate large returns on a small amount of initial capital.

You must have some money to make some money, and it is possible for you to generate outstanding returns on limited capital in the short term. However, with only a small amount of capital and outsized risk because of too-high leverage, you will find yourself being emotional with each swing of the market’s ups and downs and jumping in and out and the worst times possible.

You can resolve this issue by never trading with a too-small amount of capital. This is a difficult problem to get around for someone that wants to start trading on a shoestring. $1,000 is a reasonable amount to start off with if you trade very small (micro lots or smaller). Otherwise, you are just setting yourself up for potential disaster.

Failure to Manage Risk

Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.

To counteract this threat and implement good risk management, place stop-loss orders and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.

Giving in to Greed

Some traders feel that they need to squeeze every last pip out of a move in the market. There is money to be made in the forex markets every day. Trying to grab every last pip before a currency pair turns can cause you to hold positions too long and set you up to lose the profitable trade that you are trading.

The solution seems obvious here, just don’t be greedy. It’s fine to shoot for a reasonable profit but there are plenty of pips to go around. Currencies continue to move every day so there is no need to get that last pip; the next opportunity is right around the corner.

Indecisive Trading

Sometimes you might find yourself suffering from trading remorse. This happens when a trade that you open isn’t immediately profitable and you start saying to yourself that you picked the wrong direction. Then you close your trade and reverse it, only to see the market go back in the initial direction that you chose.

In this case, you need to pick a direction and stick with it. All that switching back and forth will just make you continually lose little bits of your account at a time until your investing capital is depleted.

Trying to Pick Tops or Bottoms

Many new traders try to pick turning points in currency pairs. They will place a trade on a pair, and as it keeps going in the wrong direction, they continue to add to their position being sure that it is about to turn around this time. If you trade this way, in the end, you end up with much more exposure than you planned, along with a terribly negative trade.

It’s best to trade with the trend. It’s not worth the bragging rights to know that you picked one bottom correctly out of 10 attempts. If you think the trend is going to change, and you want to take a trade in the new possible direction, wait for a confirmation on the trend change.

If you want to pick up a position at the bottom, pick up the bottom in an uptrend, not in a downtrend. If you want to open a position at the top, pick a top when the market’s making a corrective move higher, not an uptrend that’s part of a larger a downtrend.

Refusing to Be Wrong

Some trades just don’t work out. It is human nature to want to be right, but sometimes you just aren’t. As a trader, you just have to accept that you’re wrong sometimes and move on, instead of clinging to the idea of being right and ending up with a zero-balance trading account.

It is a difficult thing to do, but sometimes you just have to admit that you made a mistake. Either you entered the trade for the wrong reasons, or it just didn’t work out the way you planned it. Either way, the best thing to do is just admit the mistake, dump the trade, and move on to the next opportunity.

Buying a System

There are many so-called forex trading systems for sale on the internet. Some traders are out there looking for the ever-elusive 100-percent accurate forex trading system. They keep buying systems and trying them until finally giving up, deciding that there is no way to win.

As a new trader, you must accept that there is no such thing as a free lunch. Winning at forex trading takes work just like anything else. You can find success by building your own method, strategy, and system instead of buying worthless systems on the internet from less-than-reputable marketers.

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