Poor countries, poor people
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I'm noticing an increasing number or people asking me to give them cheaper or free service, because they are poor. I'm not talking about big numbers here, something like 5 such requests in the last few months and similar number in the previous few years.
There is a particular reason for this recently - the situation in Iran. "What situation?" people would say, because from what I see, no one is talking about this. But apparently there are big political struggles and fight for freedom over there. This is what I understand from my emails.
But even before that situation I had the same response to people who don't have the money to afford a subscription here. I want to write my response here, so I can give it as a link, instead of writing it again.
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Stay away from Forex and trading. Forex (and trading in general) is like a casino, where the chance is that you will lose your money. The common knowledge is that more than 95% of traders are losing money. Here is a little bit more optimistic article, which says that more than 77% of accounts are losing money, but even if this is true, it's still a large number.
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This is especially true if you are a newbie in this game. Newbies are doing all the newbie mistakes, that's why they are newbies. This is a guarantee that you will lose your money, maybe even multiple times. If you are poor, do you really have money to lose? I don't think so.
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This is even more true if you are poor, because in this state you are worrying way too much about the money, and as a result you are doing even more newbie mistakes, increasing the chance of losing your money even more.
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This EA builder is not a magical tool that guarantees a success. Sometimes I look at it as just a tool for learning some basic strategies by making them first hand, and eventually realising that they are not successful. It's a cool tool I guess, but it's not a get-rich-quick tool for sure.
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My advice is to spend the money you have for what you really need, for survival. If you are poor, it means that there are many things that are way more important than trying your luck in a casino-like game (Forex and trading). I would say that It's even irresponsible to spend the money you need for survival, for such stupid things.
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Learn some skill and make something that produces value for other people (this could be a definition of a business). You already know that there are solutions in Internet, which is a good start, but the problem is that you are looking in one of the most dangerous solutions for you. It's so much better to learn English, programming, web design, freelancing or some other "Internet" skill that would bring value to other people (clients) in Internet and in return they will give you money. Make a good use of the bad situation. This is what I did at least. When I started this website, I also had no money, I was below newbie in programming, I had 2-3 margin calls back then, I was even screaming and crying while waiting for the next margin call to happen. But I kinda used the anger and aggression from these failures to fuel the desire to make this tool. In the following years, when I had money, I again tried my luck in trading multiple times (manual day-trading) - failing every time. Trading is just not as easy as it seems.
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If at this point you think that I'm just too cheap and tight for money, well, maybe investigate the things that I wrote above and try to find if they are true or not. At the end of the day, if I give free subscriptions to 5-10 poor people in an year, this will not change the situation for me. But it would most likely change the situation for these poor people for the worst, by making them even more poor.
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If you still think that I'm a cheap and bad person, let's increase that to the max and say that I'm selling empty hope to rich people who have money, but I'm just too lazy to deal with you personally and that's why I'm trying to discourage you by telling you the truth, which is that everything is just an empty hope.
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@fxDreema wise words!
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Amen, brother!
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Stray Bullet with a touch of bee stings
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@fxDreema I realized from your words that you did not catch any profit or at least considerable profit from robots . you said you just use this tool for other perpose (not for auto trade) . now my question is , is there really any profitable trading robot in real time of market and trading auto? I hope you answer honestly
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@oriazi that depends on what you refer to as profitable
and of course, there are but most people ain't disciplined enough to learn the rules that guide Auto-Trading it is not the same as with Manual Trading.
It's a whole different institution and it becomes even more hard for you if you are a manual trader.
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@fxDreema Interesting more better even knowing the journey for making this tool; what it takes to reach this level of perfection in programming.
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@oriazi hey mate, the bots can be profitable. Still even w/ algo human is the weakest link because of fear and greed. In other words, having a profitable algo doesn't secure the profits in the long run. It's still up to the trader personality type.
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Example: after a 20% drawdown trader can start to adjust bot settings or even disable his bot. The very next period bot could gain x2 profits, if trader wouldn't disable that prematurely.
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There are so many human factors that can fail trader and detrimentally affect the
PnL even with profitable algo : risk appetite, impatience, FOMO, doubt, greed, indecision, uncertainty, etc...
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There is profitable robot forever but just only maybe less than 5% in the world
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I think FxDreema is one of the cheapest tools for EA building on the internet.
And also user friendly
And by the way, i run a robot made with fxDreema.
But i am till today not rich
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@fxDreema
I am Iranian and I have been using this website for years. We know that the price of the dollar in Iran is very expensive and the membership has also increased in price, even for me who pays in Australian dollars. I know how many people in Iran sell EA create training through your website, and this is the reason for the increase in Iranian users. Interestingly, they have to spend twice to make the robot. But the admin's words are very beautiful. Why should anyone who doesn't have the money to buy a membership spend time and money building a bot that has very, very little chance of success? I am worried about my countrymen.IN GOD WE TRUST
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@GeoFX , well said, mate! I ain't tasting a success yet, but am a long time trader and i totally agree with you on that "human factor".. Cheers!
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@fxDreema said in Poor countries, poor people:
I'm noticing an increasing number or people asking me to give them cheaper or free service, because they are poor. I'm not talking about big numbers here, something like 5 such requests in the last few months and similar number in the previous few years.
There is a particular reason for this recently - the situation in Iran. "What situation?" people would say, because from what I see, no one is talking about this. But apparently there are big political struggles and fight for freedom over there. This is what I understand from my emails.
But even before that situation I had the same response to people who don't have the money to afford a subscription here. I want to write my response here, so I can give it as a link, instead of writing it again.Stay away from Forex and trading. Forex (and trading in general) is like a casino, where the chance is that you will lose your money. The common knowledge is that more than 95% of traders are losing money. Here is a little bit more optimistic article, which says that more than 77% of accounts are losing money, but even if this is true, it's still a large number.
This is especially true if you are a newbie in this game. Newbies are doing all the newbie mistakes, that's why they are newbies. This is a guarantee that you will lose your money, maybe even multiple times. If you are poor, do you really have money to lose? I don't think so.
This is even more true if you are poor, because in this state you are worrying way too much about the money, and as a result you are doing even more newbie mistakes, increasing the chance of losing your money even more.
This EA builder is not a magical tool that guarantees a success. Sometimes I look at it as just a tool for learning some basic strategies by making them first hand, and eventually realising that they are not successful. It's a cool tool I guess, but it's not a get-rich-quick tool for sure.
My advice is to spend the money you have for what you really need, for survival. If you are poor, it means that there are many things that are way more important than trying your luck in a casino-like game (Forex and trading). I would say that It's even irresponsible to spend the money you need for survival, for such stupid things.
Learn some skill and make something that produces value for other people (this could be a definition of a business). You already know that there are solutions in Internet, which is a good start, but the problem is that you are looking in one of the most dangerous solutions for you. It's so much better to learn English, programming, web design, freelancing or some other "Internet" skill that would bring value to other people (clients) in Internet and in return they will give you money. Make a good use of the bad situation. This is what I did at least. When I started this website, I also had no money, I was below newbie in programming, I had 2-3 margin calls back then, I was even screaming and crying while waiting for the next margin call to happen. But I kinda used the anger and aggression from these failures to fuel the desire to make this tool. In the following years, when I had money, I again tried my luck in trading multiple times (manual day-trading) - failing every time. Trading is just not as easy as it seems.
If at this point you think that I'm just too cheap and tight for money, well, maybe investigate the things that I wrote above and try to find if they are true or not. At the end of the day, if I give free subscriptions to 5-10 poor people in an year, this will not change the situation for me. But it would most likely change the situation for these poor people for the worst, by making them even more poor.
If you still think that I'm a cheap and bad person, let's increase that to the max and say that I'm selling empty hope to rich people who have money, but I'm just too lazy to deal with you personally and that's why I'm trying to discourage you by telling you the truth, which is that everything is just an empty hope.
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It is never wrong to allow people educate themselves in the way they wish if you are able to empower them. For better or worse is a phrase applied to any pursuit whether it is trading or some other business endeavor. We all know the difficulties, typical results and effort required to pursue day trading. I think offering up those statistics above and instead of any other life or business advice is what's appropriate. People of a war torn country may often have less access to education but they are no less intelligent than the rest of us and much more accutely aware of their own situations than any of us are. Combine that with an imperative to improve their situation has a potency most everyone else lacks. I say give it to them and make it study that adds to or changes the statistics we already know. I bet some really interesting ideas come out of it. I wonder if there are additional ways to allow your software to offset the value you are providing?
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@oriazi said in Poor countries, poor people:
@fxDreema I realized from your words that you did not catch any profit or at least considerable profit from robots . you said you just use this tool for other perpose (not for auto trade) . now my question is , is there really any profitable trading robot in real time of market and trading auto? I hope you answer honestly
I never traded with robots, so I don't have profits and I don't have losses from robots. I only traded manually, and the result was always negative, which is to be expected.
I think the biggest problem in trading is our expectations. For people like me (with "All or nothing" mentality) trading can be either at a loss, or too boring to even try. I tried to make a profitable EA for myself, and of course I wanted it to be very profitable with very small initial investment. Maybe start with $1000 and double them in few months. Who doesn't want that? But unfortunately the math doesn't work that way. I think the conservative numbers are like 10% profit per year, even less. This means that if you want to make $1000 every month relatively safely, you should have at least $100,000 in the broker. Who the hell has such amounts of money to put in some broker, even outside Iran?
But I don't know, I hope my math is wrong and there are people here with EAs that are profitable enough for them with lower investment. For me, my profitable EA is currently this website and I'm not interested in Forex trading. I'm trading crypto a little bit, but things are not pretty there these days.
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@Xfire said in Poor countries, poor people:
@fxDreema
I am Iranian and I have been using this website for years. We know that the price of the dollar in Iran is very expensive and the membership has also increased in price, even for me who pays in Australian dollars.I see you have your own currency in Iran. I have this observation that countries with own currencies are struggling at the moment, or will struggle at some point in the future. The idea would be for these countries to struggle so much, that eventually they would decide to accept the global currency. My country (Bulgaria) went through this in the 90s, there was a hyperinflation and after that our currency was pegged to the Euro. I don't want to be too political here, but I think many of us know that there are some forces coming from where the Sun goes down, who are gaining more and more influence and control over the rest of the World, and they don't want independent countries with independent currencies. Unfortunately I don't see how Forex and trading can be used to counter such forces.
@Xfire said in Poor countries, poor people:
@fxDreema
I know how many people in Iran sell EA create training through your website, and this is the reason for the increase in Iranian users. Interestingly, they have to spend twice to make the robot.There was an increase in crypto payments lately. It's a profit for me, but it felt strange to me from the beginning. I just checked few IP addresses, they are from Iran. Even before that I was giving ~10% more (days) when someone pays in crypto (for no particular reason), so they are getting it a little bit cheaper. But I really prefer you guys from Iran to stay away from trading. The first rule in trading is that you should not risk more than what you can afford to lose. I don't want to be involved in something that makes people lose more than what they can afford to lose.
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You naturally have a vision according to where you live and where you were raised. Your tool, Fxdreema, is a very interesting instrument that I have been using for a long time. And I congratulate you. Now, you can't tell anybody that because they can't buy a violin, they shouldn't play the violin. It is a rather poor vision, I am sorry to disagree with you, but in poor countries one has dreams and desires as in rich countries. You have to open your mind a bit. Just say no and keep your dollars, buddy. It is not necessary to publish your arguments that the truth is a bit ambiguous. Surely you, like many others, have developed many things thanks to ideas taken "for free" from other sites. Has he repaid what was given to him without paying a dollar? Come on, man, do what you know how to do, which is programming, you are very talented. But humanism classes or directives to poor countries I don't think it's his forte. Don't take it the wrong way, it's just kind criticism.
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@fxDreema
Dear sir/madam,
In my opinion, you are very wrong, there are people in Iran who suffer from very poor financial conditions but have great creative ideas, they will earn like this through the our free system that you provide for them:
There are people who are willing to pay money for turning their strategy into a robot, and they can earn money in this way, and in this way, they can provide the necessary money for their livelihood, investing in the financial markets, and even for the next year in your money account. Don't underestimate an Iranian. To prove it, just look at the professors of mathematics, astronomy, NASA, neurologists, neurosurgeons, etc. in the world. -
@arezovafaey
You use EA to gamble/trade in the market is one thing. You, as a programmer, write EA for others, that is good, is another thingIf you are talking about being a programmer, no one would discourage you to do so
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@sktsec hi,
By the way, one of the advantages of this website is that there is no programming knowledge and anyone can learn it with the least possible knowledge, this is exactly what I mean.
