Investing in Forex
Member Since Sep 15, 2016
24 posts
Jul 26, 2018 at 10:23
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.
Member Since Jul 26, 2018
9 posts
Jul 26, 2018 at 11:27
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
Member Since Aug 27, 2017
994 posts
Jul 29, 2018 at 05:43
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.
Member Since Jul 27, 2018
16 posts
Jul 29, 2018 at 05:52
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.
What's forex looks like? Forex is like a big daddy of all other instruments, I guess.
Member Since Aug 27, 2017
994 posts
Jul 29, 2018 at 14:41
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.
Jul 30, 2018 at 05:54
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.
Member Since Aug 27, 2017
994 posts
Aug 01, 2018 at 06:29
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!
Member Since Aug 01, 2018
11 posts
Aug 02, 2018 at 06:09
binary is a real problem area. It is totally unregulated. it is a shame because options trading can be very interesting
Member Since Jan 25, 2010
1359 posts
Aug 03, 2018 at 07:21
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/
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/
Member Since Jan 25, 2010
1359 posts
Aug 03, 2018 at 07:22
[can't edit my last post]
Stick to basic Forex.
Don't touch HYIPs, BOs, or crypto. They are all scams.
Stick to basic Forex.
Don't touch HYIPs, BOs, or crypto. They are all scams.
Member Since Aug 27, 2017
994 posts
Aug 13, 2018 at 10:36
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.
Member Since Feb 22, 2011
4862 posts
Aug 13, 2018 at 11:06
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
Member Since Jan 25, 2010
1359 posts
Aug 14, 2018 at 06:40
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. 😎
Member Since Feb 22, 2011
4862 posts
Aug 14, 2018 at 10:16
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.
Member Since Aug 14, 2018
11 posts
Aug 14, 2018 at 10:39
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
Member Since Jan 25, 2010
1359 posts
Aug 14, 2018 at 12:27
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.
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.
Member Since Jan 25, 2010
1359 posts
Aug 14, 2018 at 12:29
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/
Member Since Jan 25, 2010
1359 posts
Aug 14, 2018 at 12:30
[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]
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]
Member Since Apr 02, 2018
12 posts
Aug 15, 2018 at 10:28
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
