What would you do with 1000 euros?

14 years ago

I would probably buy a forex trading robot for about $200 and invest small amounts until my daily profits build up. In two months you can have your money back at least twice.

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George Chernikov

14 years ago

Originally Posted by coluden

I would probably buy a forex trading robot for about $200 and invest small amounts until my daily profits build up. In two months you can have your money back at least twice.

Sorry, but I call bull****.

Trading robots or strategies that double your investment in one month while maintaining an acceptable risk:reward ratio simply do not exist - because if they did, every single bank would be using them and never make a loss. The kind of returns you are talking about are only possible if you risk way more than 5% of your account per trade, which is just asking for trouble when a trade goes against you and wipes out a significant chunk of your account.

FOREX trading robots in general are a scam (banks spend MILLIONS developing trading algorithms so what makes you think a bunch of programmers can put together an infallible robot and then peddle it to the masses instead of making millions selling it to banks?) Although exceptions exist, they're very, very rare - and they certainly don't deliver the results you claim.

Sorry, but as a trader myself and as someones who works with and sells to commodity, currency and stock investors, this kind of crap is enough to drive me up the wall.

Offer 20% return a month and I just might believe that.

EDIT: Makes sense - he's peddling a FOREX trading bot in the blog his signature links to.

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Ernie Lo

14 years ago

Id use the money to buy lots of articles at $4-5 a pop...in 1-2 carefully planned niches. Throw Adsense or affiliate ads on there and boom $$$$$$.

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marica theuma

14 years ago

Sorry if I am not going to pinpoint a business, but from my own experience now I'd definitely needed to have the basics in place when I first started out. It is difficult for a newbie though to be able to sift through the information overload so it is very
appropriate that you are seeking advice here ;-). However had I had the knowledge before, what I would have done was to get myself a mentor after doing some research. That would have saved me a lot of wasted money hopping from opportunity to the next thinking i'd make money overnight. Now at least I know I'm working my way into a system and it's coming out fine. It is very difficult if you really mean to succeed to go it alone if you are a newbie you need a mentor.
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marica theuma

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Samuel Baker

14 years ago

I have to agree with the above, honestly if anyone had such a system which made substaintial returns with a very low risk chance would not bother selling it as a product on clickbank or something similair.

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George Chernikov

14 years ago

Oh, and just to point out how idiotic Coluden's suggestion actually is, here's how much money you could make if you really could make 100% return every month. Assuming you invested $100 (and come on, anyone can invest that much and let it compound), here's what you'd get:

Month 1: $100
Month 2: $200
Month 3: $400
Month 4: $800
Month 5: $1,600
Month 6: $3,200
Month 7: $6,400
Month 8: $12,800
Month 9: $25,600
Month 10: $51,200
Month 11: $102,400
Month 12: $204,800

And if you then let it compound for another year, you'd get:

Month 13: $409,600
Month 14: $819,200
Month 15: $1,638,400
Month 16: $3,276,800
Month 17: $6,553,600
Month 18: $13,107,200
Month 19: $26,214,400
Month 20: $52,428,800
Month 21: $104,857,600
Month 22: $209,715,200
Month 23: $419,430,400
Month 24: $838,860,800

After just two years and one month, you would become a billionaire, at $1,677,721,600 on Month 25. On Month 36, you would have $3,435,973,836,800 (or 5.6% of the WORLD GDP) and on Month 48, $14,073,748,835,532,800 - or 230 times more than the annual output of the entire world economy.

Point made?

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theemperor

14 years ago

LOL @ FOREX

The ultimate casino.

Yeah you can double your money at the roulette, all you need to do is put a chip on say 30 of the 36 numbers, and you almost certainly make a profit

Do that each month and you will definitely get your money back and then some in 2-3 months ha ha!

I believe most Forex money on the market is for hedging, maybe a few smart traders doing some arbitrage and a load of home investors gambling away on a virtual roulette.

The only way I can see you would make money is a longer term bet on currencies with a good insight into how the macroeconomic and political landscape might shape up, and looking at possible interest rate changes, but even that is a risky bet.

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George Chernikov

14 years ago

Originally Posted by theemperor

LOL @ FOREX

The ultimate casino.

Yeah you can double your money at the roulette, all you need to do is put a chip on say 30 of the 36 numbers, and you almost certainly make a profit

Do that each month and you will definitely get your money back and then some in 2-3 months ha ha!

I believe most Forex money on the market is for hedging, maybe a few smart traders doing some arbitrage and a load of home investors gambling away on a virtual roulette.

The only way I can see you would make money is a longer term bet on currencies with a good insight into how the macroeconomic and political landscape might shape up, and looking at possible interest rate changes, but even that is a risky bet.

I wouldn't go so far as to say that; if you know what you're doing, you can make 10-15% per month without risking too much per trade (consider, for example, daily pin bar trading, which is about as reliable a methodology as you can find without having to make predictions on the long-term performance of a currency).

With that said, I'm sure that anyone who ever bet against Greece and the Euro like I did is probably feeling pretty smug right now

Mind you, I'm not saying FOREX is somehow easy or something that you can jump right into after reading an e-book or installing a robot (despite what 99% of relevant WSOs and Clickbank products would have you believe), but I also think there's more to it than just blind luck or hedging.

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theemperor

14 years ago

Originally Posted by George Chernikov

I wouldn't go so far as to say that; if you know what you're doing, you can make 10-15% per month without risking too much per trade (consider, for example, daily pin bar trading, which is about as reliable a methodology as you can find without having to make predictions on the long-term performance of a currency).

With that said, I'm sure that anyone who ever bet against Greece and the Euro like I did is probably feeling pretty smug right now

Mind you, I'm not saying FOREX is somehow easy or something that you can jump right into after reading an e-book or installing a robot (despite what 99% of relevant WSOs and Clickbank products would have you believe), but I also think there's more to it than just blind luck or hedging.

Ok maybe it is more akin to online poker - lots of people who don't know what they are doing feeding the mouths of those who do - but there is an arms race to get more knowledgable about it, so that even those trading for $0.10 type of stakes need to have a lot of gray matter.

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