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The Truth About Forex: Forex Brokers and why you will lose!

This course will show you how Forex Brokers work against you making trading Forex a really bad idea!
4.1 (56 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,067 students enrolled
Created by Alex Davidoff
Last updated 5/2016
$10 $20 50% off
4 days left at this price!
30-Day Money-Back Guarantee
  • 1.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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So, you wanna trade Forex? Make money and get rich? All that, of course, from the comfort of your home. Wouldn't that be nice? Just imagine! You wake up in the morning, go to the kitchen, make yourself a cup of coffee, sit in front of your screens and stare at the EURUSD chart trying to get a "feel" for which way the market is heading. You do not have to worry about being late to the office and commuting in that horrendous traffic, changing trains, planes, bicycles and god knows what else just to get to work on time and as cheaply as possible. Thats for losers! You are are a Trader! Equipped with 500 bucks, an MT4 platform, couple of free Forex news sites and the Will to conquer the World, you are well on your way to......NOWHERE!

This course is not for everyone! This course is for people who want to know how Forex Brokers work against their client's best interests. The course will reveal how Forex Brokers operate and expose the different ways in which that can harm you. While I will not get into the very basics of explaining what is a pip and what is a currency pair, most of the content is critical for Forex Traders and applicable to newbies and experts alike.

- Learn why there are so many Brokers out there and why they are all the same.

- Learn what Forex Brokers do, to make you lose money even if you have a profitable strategy

- Learn all the tricks Forex Brokers will employ to get your deposit and make sure you lose it

- Understand why it is unlikely that you will be able to trade for a living

Who is the target audience?
  • Anyone thinking of Forex Trading or already doing it
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What Will I Learn?
You will understand why Forex Trading is a lucrative business.
How Forex Brokers they will take advantage of you.
View Curriculum
  • Desire to know the truth and discard cherished dreams and illusions
Curriculum For This Course
Expand All 23 Lectures Collapse All 23 Lectures 01:23:46
Inside a Forex Broker
5 Lectures 15:40

Forex Broker - STP

ECN Forex Brokers

Hybrid Forex Brokers
Tricks Forex Brokers will use against you!
9 Lectures 09:56
The Tricks

Stop Hunting



Freezing Platforms

Dodgy Regulations

Restrictions on scalping


IDs and Documents are not enough!
1 Lecture 05:36
Why you should not use them
Forex Regulations
2 Lectures 14:04
Regulations are not there to help you!

How to complain and get results!
1 Lecture 01:53
My advice to you
The Economic Machine by Ray Dalio (also free on youtube)
2 Lectures 30:52
Ray Dalio's Economic Machine 1/2

Ray Dalio's Economic Machine 2/2
About the Instructor
4.1 Average rating
56 Reviews
1,067 Students
1 Course
Forex and Commodities Trader

It all started in 2005 when I first worked at Geneva Trading Advisers in Switzerland - a small fund with a young and dynamic prop trading desk headed by FX veterans with decades of experience as Heads of FX Trading in all the major Banks. There I learned everything about Forex and Commodity Trading and traded my own Book for about 3 years. After that, I moved over to London to work for a Forex Broker and ended up learning the ins and outs of the industry and understood that there is a big difference between Retail Forex Trading and Fund/Institutional Trading. I have grown tired of seeing Retail Forex Traders lose their money and being lied to and manipulated on daily basis and decided to do something about that! In addition to FX, I also trade Commodities and Stocks while staying away from derivatives. I do not trade on daily basis and only when there is an opportunity that I can see and understand. My lectures do not promise to make you rich or teach a "secret" that will instantly make you profitable. Rather I will try to explain how the whole system works and how the market participants think and operate.

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