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Is Forex Trading a Ponzi Scheme?
SchoolHummingbird replied to MildChamp's topic in Scams AlertIt's not a scam, but one of the regulators' implied intentions has always been correct: the general trader needs to be well-capitalized to survive in this business. To put it another way, you must be a "Eligible Contract Participant." I'm not saying you can't survive with a small amount of money; I have a small amount of money and I'm able to survive. I'm talking about the average uneducated illiterate retail trader. Basically, the 99 percent of people on the forums who can't spell basic words or use proper grammar despite the fact that English is their first language. You know, the ones who can't think for themselves and have only completed high school by copying from the person sitting next to them.
Using the Money Flow Index to trade stocks
SchoolHummingbird replied to Coalossus's topic in Trading Systems and StrategiesMFI is all. However, we only use this for strong company stocks. This will not work with any stock. Here at MFI, we only use BUY entries.