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Investing in Forex
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Adribaasmet

Member Since Aug 27, 2017  645 posts Adribaasmet 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.

togr

Member Since Feb 22, 2011  4444 posts vontogr (togr) 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

I like what I trade, I trade what I like
BluePanther

Member Since Jan 25, 2010  1235 posts Matt (BluePanther) 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. cool

togr

Member Since Feb 22, 2011  4444 posts vontogr (togr) 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. cool


You can always get in and out.
Just do the due diligence.
It is like Forex - hit a bad broker and you are gone.

I like what I trade, I trade what I like
LeadPellet

Member Since Aug 14, 2018  8 posts LeadPellet 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

BluePanther

Member Since Jan 25, 2010  1235 posts Matt (BluePanther) 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.

BluePanther

Member Since Jan 25, 2010  1235 posts Matt (BluePanther) 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/

BluePanther

Member Since Jan 25, 2010  1235 posts Matt (BluePanther) 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]

Cloudballs

Member Since Apr 02, 2018  12 posts Cloudballs 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

Dostiev

Member Since Nov 06, 2018  10 posts Dostiev Dec 02 2018 at 07:34
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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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.