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Investing in Forex

olivia_jones
Jul 26 2018 at 10:23
24 posts
Investing in Forex is a tricky business.. as all the fellow traders mentioned earlier it's not all about analyzing charts and markets, it also needs emotional intelligence which controls the feelings of greed and fear.. inculcate rational decision making in the trader.. discipline and practice and sticking to the strategy that gives you consistent results.
Szabolcs1985
Jul 26 2018 at 11:27
9 posts
That is why I like using EAs and trading systems. No need for the emotions and I can let them do their thing. There are a lit of bad EAs out there but if you do your research then you can find some good ones
Adribaasmet
Jul 29 2018 at 05:43
994 posts
Szabolcs1985 posted:
That is why I like using EAs and trading systems. No need for the emotions and I can let them do their thing. There are a lit of bad EAs out there but if you do your research then you can find some good ones

Trading system is my best choice (manually); on the other hand, I have such a bad experience on EA based trading.
davidwatson
Jul 29 2018 at 05:52
16 posts
Sad thing is that scammers exist everywhere, but no doubt there are few who are true and reliable. You must do a well research before you start trading an account with them.

What's forex looks like? Forex is like a big daddy of all other instruments, I guess.
Adribaasmet
Jul 29 2018 at 14:41
994 posts
davidwatson posted:
Sad thing is that scammers exist everywhere, but no doubt there are few who are true and reliable. You must do a well research before you start trading an account with them.

What's forex looks like? Forex is like a big daddy of all other instruments, I guess.

Yes, till now enough numbers of broker are available; but the scammers are too cheap, so now traders take their service too willingly.
camielle
Jul 30 2018 at 05:54
2 posts
Straycat posted:
So are you in favour of Forex trading or not. I don't really like the sound of an endless rollercoaster ride. how do you make it calmer?

I am a victim of a binary scam. I got burned by a bogus broker recently, it was difficult to get a withdrawal after several attempts. I had to hire a recovery company to get my money back.
Adribaasmet
Aug 01 2018 at 06:29
994 posts
camielle posted:
Straycat posted:
So are you in favour of Forex trading or not. I don't really like the sound of an endless rollercoaster ride. how do you make it calmer?

I am a victim of a binary scam. I got burned by a bogus broker recently, it was difficult to get a withdrawal after several attempts. I had to hire a recovery company to get my money back.

Oh; I am sad but not surprised because I see so many common posts by many traders!
balticrain
Aug 02 2018 at 06:09
11 posts
binary is a real problem area. It is totally unregulated. it is a shame because options trading can be very interesting
Matt (BluePanther)
Aug 03 2018 at 07:21
1357 posts
The scamsters that created HYIPs (High Yield Investment Programs) moved from Binary Options to cryptocurrencies:

As binary options shuts down, some ex-operatives turn to cryptocurrency (4 Dec, 2017)
https://www.timesofisrael.com/as-binary-options-shuts-down-some-ex-operatives-turn-to-cryptocurrency/
Matt (BluePanther)
Aug 03 2018 at 07:22
1357 posts
[can't edit my last post]

Stick to basic Forex.

Don't touch HYIPs, BOs, or crypto. They are all scams.
Adribaasmet
Aug 13 2018 at 10:36
994 posts
balticrain posted:
. it is a shame because options trading can be very interesting

Can you please elaborate this line! Because, I am not clear actually.
vontogr (togr)
Aug 13 2018 at 11:06
4862 posts
BluePanther posted:
[can't edit my last post]

Stick to basic Forex.

Don't touch HYIPs, BOs, or crypto. They are all scams.

Crypto's not a scam
Matt (BluePanther)
Aug 14 2018 at 06:40
1357 posts
togr posted:
Crypto's not a scam

Cryptos might as well be considered scams. Regulations and consumer protection is weak or non-existent.

Little to no regulation = 'scam' in my books. 😎
vontogr (togr)
Aug 14 2018 at 10:16
4862 posts
BluePanther posted:
togr posted:
Crypto's not a scam

Cryptos might as well be considered scams. Regulations and consumer protection is weak or non-existent.

Little to no regulation = 'scam' in my books. 😎

You can always get in and out.
Just do the due diligence.
It is like Forex - hit a bad broker and you are gone.
LeadPellet
Aug 14 2018 at 10:39
11 posts
I wouldn't say crypto is a scam. No one is out to get you. Crypto is what it is , a new digital currency. Sure it is unregulated and is highly volatile but that just makes it a high risk, speculation grade investment
Matt (BluePanther)
Aug 14 2018 at 12:27
1357 posts
In forex not all brokers are bad.
In HYIPs, all programs are bad.
In crypto, all crypto are bad.

The difference is regulation. Regulation = protection.

What laws protect you when investing in crypto? HYIPs?
Answer: NONE. Consider your money 100% at risk.

In forex, my broker is strongly regulated. Government scrutiny is high. Consumer protection is paramount.
Matt (BluePanther)
Aug 14 2018 at 12:29
1357 posts
LeadPellet posted:
 I wouldn't say crypto is a scam. No one is out to get you.

Boy are you wrong:
https://www.timesofisrael.com/as-binary-options-shuts-down-some-ex-operatives-turn-to-cryptocurrency/
Matt (BluePanther)
Aug 14 2018 at 12:30
1357 posts
[I can't edit my last post]

In spot-forex not all brokers are bad.

In Binary Options, all brokers are bad.
In HYIPs, all programs are bad.
In crypto, all crypto are bad.

The difference is regulation. Regulation = protection.

What laws protect you when investing in crypto? HYIPs?
Answer: NONE. Consider your money 100% at risk.

In forex, my broker is strongly regulated. Government scrutiny is high. Consumer protection is paramount.

[I can't edit my last post]
Cloudballs
Aug 15 2018 at 10:28
12 posts
Would say that CFD trading on stocks and commodities is OK with normal Forex brokers? I assume that has the same level of regulation etc
Dostiev
Dec 02 2018 at 07:34
10 posts
Most brokers now days cover all kinds of things even bonds and individual stocks. But watch our for the spreads and over night charges. If you are keeping a long term position then an ETF or buying the stock may be better
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