Its Forex Investing Works ?

5 years ago

I'm not against forex trading, but I am very much against the recent massive surge of forex marketers online. If they are good enough to TEACH someone how to make 150% returns, then in theory, they should be able to do better than that themselves, no?

However, just for argument sake, if they are able to make "only" 150% returns, why on earth would they be pushing SO hard to get YOUR money for a small commission? These people are ALL over IG and FB trying to get people to sign up to their program. They are very aggressive...but you need to ask yourself why? Flip the tables around and ask them hard questions. Their answers will amuse you.

[ 2 ] Thanks

{{ DiscussionBoard.errors[11527402].message }}

tagiscom

5 years ago

Originally Posted by spartan14

I see many people promoting this business .For example me a i make a contact relation with someone .He said me if i invest for example 200$ i will get a return on investition like 150% percent and i just need to pay them a little comission

The thing its i see this thing very popular as many people are promoting this stuff
But i am thinking if its almost no risk involved and your profit its guaranteed then a lot of people should be rich as they can invest and make money

This sound to nice to be true ,what do you think ?

Yep!

But possible.

I know that someone who will remain nameless will say that 150% is impossible, but most will see it as 1.5 times the initial $200, but don't take my word for it, since l am apparently the dumbest person here?

Originally Posted by palmtreelife

I'm not against forex trading, but I am very much against the recent massive surge of forex marketers online. If they are good enough to TEACH someone how to make 150% returns, then in theory, they should be able to do better than that themselves, no?

However, just for argument sake, if they are able to make "only" 150% returns, why on earth would they be pushing SO hard to get YOUR money for a small commission? These people are ALL over IG and FB trying to get people to sign up to their program. They are very aggressive...but you need to ask yourself why? Flip the tables around and ask them hard questions. Their answers will amuse you.

Yes, read the fine print, or it is probably alone the lines of, "results given, are examples only, and your returns may not repeat previous gains, and investing carries a certain digree of risk, blah, blah".

A sales rep, wanting to make you his new bosom buddy, might be heart warming, but rest assured they don't give a crap about you, only the award for most profitable Forex sales rep, for 2019.

I hear from high pressure sales reps, at coffee shops all of the time, the client is saying, "l don't know" and the sales guy is spouting past profits from the duplex or investment.

Retiress, losing the lot on some duplex near a beach is a cliche, but it still happens.

Thanks
1 reply

Signature

`

{{ DiscussionBoard.errors[11527412].message }}

whateverpedia

5 years ago

Originally Posted by tagiscom

I know that someone who will remain nameless will say that 150% is impossible, but most will see it as 1.5 times the initial $200, but don't take my word for it, since l am apparently the dumbest person here?

150% returns from investing are a very real possibility.

Some of my best performing investments have been:

Saracen Minerals (SAR.AX) up 335.28% (78.00% p.a.)
Northern Star Resources (NST.AX) 273.50% (67.64% p.a.)

These are just a couple I've bought over the last 3 years.

My oldest holding though is CSL (CSL.AX). I bought 1,000 shares in its 1994 IPO at $2.30 each. They closed today at $224.08. That equates to a total return of 9,642.61% (or 20.10% p.a.) Just the dividends alone during that time have amounted to over $28,000 in total, or around $28 per share.

So, if I'm the person you're referring to in the above quote, I would never, ever say that a return of 150% is impossible.

If it makes you feel any better though, I would continue to say you're the dumbest person here.

[ 1 ] Thanks
2 replies

Signature

Why do garden gnomes smell so bad?

So that blind people can hate them as well.

{{ DiscussionBoard.errors[11527603].message }}

tagiscom

5 years ago

Originally Posted by whateverpedia

150% returns from investing are a very real possibility.

Some of my best performing investments have been:

Saracen Minerals (SAR.AX) up 335.28% (78.00% p.a.)
Northern Star Resources (NST.AX) 273.50% (67.64% p.a.)

These are just a couple I've bought over the last 3 years.

My oldest holding though is CSL (CSL.AX). I bought 1,000 shares in its 1994 IPO at $2.30 each. They closed today at $224.08. That equates to a total return of 9,642.61% (or 20.10% p.a.) Just the dividends alone during that time have amounted to over $28,000 in total, or around $28 per share.

So, if I'm the person you're referring to in the above quote, I would never, ever say that a return of 150% is impossible.

If it makes you feel any better though, I would continue to say you're the dumbest person here.

I won't argue with an expert!

Thanks

Signature

`

{{ DiscussionBoard.errors[11527670].message }}

LindyUK

5 years ago

Originally Posted by whateverpedia

150% returns from investing are a very real possibility.

Some of my best performing investments have been:

Saracen Minerals (SAR.AX) up 335.28% (78.00% p.a.)
Northern Star Resources (NST.AX) 273.50% (67.64% p.a.)

These are just a couple I've bought over the last 3 years.

My oldest holding though is CSL (CSL.AX). I bought 1,000 shares in its 1994 IPO at $2.30 each. They closed today at $224.08. That equates to a total return of 9,642.61% (or 20.10% p.a.) Just the dividends alone during that time have amounted to over $28,000 in total, or around $28 per share.

So, if I'm the person you're referring to in the above quote, I would never, ever say that a return of 150% is impossible.

If it makes you feel any better though, I would continue to say you're the dumbest person here.

Hello whateverpedia

It may be possible but very unlikely that a person with no experience in forex will make long term profits from it.

You have obviously been involved in share trading for a long time (since 1994 or before) so have 25 years or more experience.

I would even caution people on getting involved in share trading, unless they can afford to possibly lose their money.

Some years ago (financial collapse of 2008) we lost over £1,200,000 on the share market. And the investments were recommended and made on our behalf by one of the worlds largest brokerage firms.

We could afford that loss but we now only invest in property or gold/silver that we can stockpile.

The best investment of all can be building your own business/s. When my Daughter was 14 her GrandPa encouraged her to start her own IM business. We gave her £200 to start and by the time she graduated High School she was already making more than her teachers were. Now at 22 she has 5 profitable IM businesses and has started to open High Street shops. She financed a computer repair shop for her boyfriend, retaining 51%, then in the last 2 years has opened 3 teen/twenties clothing boutiques under her own label. She sources all the clothing as well as other products from Alibaba manufacturers who brand with her own label. She plans on opening at least one more boutique each year.

Cheers
Lindy

[ 1 ] Thanks
2 replies

{{ DiscussionBoard.errors[11527788].message }}

DWolfe

5 years ago

Originally Posted by LindyUK

Hello whateverpedia

It may be possible but very unlikely that a person with no experience in forex will make long term profits from it.

You have obviously been involved in share trading for a long time (since 1994 or before) so have 25 years or more experience.

I would even caution people on getting involved in share trading, unless they can afford to possibly lose their money.

Some years ago (financial collapse of 2008) we lost over £1,200,000 on the share market. And the investments were recommended and made on our behalf by one of the worlds largest brokerage firms.

Cheers
Lindy

You can warn them all they want, at the end of the day it was or is their decision how to invest. That's why they say you should never have all your eggs in one basket.

Thanks
2 replies

Signature

http://thelastresortwildlife.com/

{{ DiscussionBoard.errors[11527914].message }}

LindyUK

5 years ago

Originally Posted by DWolfe

You can warn them all they want, at the end of the day it was or is their decision how to invest. That's why they say you should never have all your eggs in one basket.

That is so true. Many people take no notice of those old sayings but most are spot on, especially regarding having all your eggs in one basket.

Lindy

[ 1 ] Thanks

{{ DiscussionBoard.errors[11528038].message }}

MichaelQuinn

5 years ago

Originally Posted by DWolfe

You can warn them all they want, at the end of the day it was or is their decision how to invest. That's why they say you should never have all your eggs in one basket.

I agree with you to an extent, that most people should diversify and not hold all their eggs in one basket. However, I also believe that there are situations where you should put all your eggs in one basket and watch it like a hawk as Andrew Carnegie once said. I have a high risk tolerance, so I tend more towards the latter advice. However, when I'm unable to stay vigilant, diversification is the preferred method.

[ 2 ] Thanks

{{ DiscussionBoard.errors[11528043].message }}

whateverpedia

5 years ago

Originally Posted by LindyUK

And the investments were recommended and made on our behalf by one of the worlds largest brokerage firms.

There's your problem right there. Remember that brokers work for a firm. Their #1 priority is to make money for the firm. You come second.

I'd advise anyone to actually trade pretend money for a while before they actually invest any real money. Only buy stocks that meet a certain criteria (high dividend yield, low P/E ratio, PEG less than 1, etc.) If you don't know what those things mean, there's your first step. Luckily nowadays all this information is readily available on the web. Back when I started there was no such thing as the internet and I had to read a lot of books, magazines and newspaper articles in order to learn. Then I began with play money and did that for a couple of years before I invested any real money.

These days I have a spreadsheet set up that I put various financial data about a company into and that determines whether or not the company represent a "value buy" based on the criteria I've learnt works best.

This method is by no means foolproof however. It still throws up a few duds. By monitoring the fluctuations on the markets on a daily basis though I can manage to dump the duds before their losses become too big, and my picks are more often right than wrong. Some are just good solid performers, some are very good and a few are spectacular performers.

Thanks
1 reply

Signature

Why do garden gnomes smell so bad?

So that blind people can hate them as well.

{{ DiscussionBoard.errors[11528219].message }}

LindyUK

5 years ago

Originally Posted by whateverpedia

There's your problem right there. Remember that brokers work for a firm. Their #1 priority is to make money for the firm. You come second.

I'd advise anyone to actually trade pretend money for a while before they actually invest any real money. Only buy stocks that meet a certain criteria (high dividend yield, low P/E ratio, PEG less than 1, etc.) If you don't know what those things mean, there's your first step. Luckily nowadays all this information is readily available on the web. Back when I started there was no such thing as the internet and I had to read a lot of books, magazines and newspaper articles in order to learn. Then I began with play money and did that for a couple of years before I invested any real money.

These days I have a spreadsheet set up that I put various financial data about a company into and that determines whether or not the company represent a "value buy" based on the criteria I've learnt works best.

This method is by no means foolproof however. It still throws up a few duds. By monitoring the fluctuations on the markets on a daily basis though I can manage to dump the duds before their losses become too big, and my picks are more often right than wrong. Some are just good solid performers, some are very good and a few are spectacular performers.

Hello whateverpedia

It wasn't the Brokers fault. American banks and loan companies caused the financial collapse that then spread to Europe and the UK.

Our share holdings were in English and Scottish Banks that got caught in this and were facing collapse themselves, so the Government took them over to safeguard bank customers, and in doing this just wiped out every share holder. Many people lost large chunks of their super or retirement plans in that crash as those funds invest in shares.

Forex has even more risk, for someone to win, someone else has to lose. If someone only has a few hundred or even few thousand dollars to invest they don't really have the money to ride out a storm. If they are using leverage they can not only lose the capital they invested but can lose much more.

I agree with your advice to use play money and especially for an extended period like the two years that you did.

Cheers
Lindy

Thanks

{{ DiscussionBoard.errors[11528441].message }}

elryan

5 years ago

yes my friend This sound to nice to be true.do you have a experience to do it ? if not so my friend forget it .

Thanks

Signature

Make Money Online Now: The Simple Strategy That can make money onlinehttps://abduluvitch7.wixsite.com/mysite ,affiliate marketing

{{ DiscussionBoard.errors[11527421].message }}

Odahh

5 years ago

First you give 200 then he returns300?

Then gets you to invest a bigger amount

Untill you send a big enough amount the guy completely dissapears and uses part of the money from you baut the next sucker

Thanks

{{ DiscussionBoard.errors[11527432].message }}

MichaelQuinn

5 years ago

Originally Posted by spartan14

I see many people promoting this business .For example me a i make a contact relation with someone .He said me if i invest for example 200$ i will get a return on investition like 150% percent and i just need to pay them a little comission

The thing its i see this thing very popular as many people are promoting this stuff
But i am thinking if its almost no risk involved and your profit its guaranteed then a lot of people should be rich as they can invest and make money

This sound to nice to be true ,what do you think ?

You are correct, if there were no risk involved and all someone had to do was hand over $200 bucks for a 150% gain on investment, then everyone would do it and everyone would be rich. There is always risk, especially if you don't understand what you're doing. Anyone that tells you otherwise is lying.

Thanks

{{ DiscussionBoard.errors[11527607].message }}

KinneyJ2014

5 years ago

Who Is Most Likely to Invest in Oil Futures?

-Investors who can afford to have a short-term focus. Mutual funds, hedge funds, banks, and some other institutional investors often use oil futures in their portfolios.

-Investors with large amounts of money have the opportunity to profit from trading crude oil futures.

-Who is better at predicting changes in oil prices than the oil companies themselves?

Thanks

Signature

Set S.M.A.R.T. goals

{{ DiscussionBoard.errors[11527636].message }}

Medon

5 years ago

Making money in Forex is real and losing money is expected. I tried investing $100 with FBS, Someone running an outfit there Generating 100 millionaires had promised to turn us into millionaires within 3 months. He is a Guru in Forex; I was made to believe so. But wait, on the first day, the money increased to $112. I got excited and told some of my friends to get in. For a whole week, nothing happened to that figure. The second week, it started plummeting 104, 94, 84, 74, 64 and I stopped the trade. When I tried to withdraw the balance, I was told I could only withdraw the money I invested so it meant I top up the account. I read in between the lines and fled.

[ 1 ] Thanks
1 reply

{{ DiscussionBoard.errors[11527817].message }}

tagiscom

5 years ago

Originally Posted by Medon

Making money in Forex is real and losing money is expected. I tried investing $100 with FBS, Someone running an outfit there Generating 100 millionaires had promised to turn us into millionaires within 3 months. He is a Guru in Forex; I was made to believe so. But wait, on the first day, the money increased to $112. I got excited and told some of my friends to get in. For a whole week, nothing happened to that figure. The second week, it started plummeting 104, 94, 84, 74, 64 and I stopped the trade. When I tried to withdraw the balance, I was told I could only withdraw the money I invested so it meant I top up the account. I read in between the lines and fled.

No surprises there Medon, plenty of low-life's ready to take advantage of your misfortunes.

Thanks

Signature

`

{{ DiscussionBoard.errors[11528040].message }}

Huenelde

5 years ago

I am not against forex trading. But I do not use this method. There was an experience, but in the end I did not succeed. I have too little experience in this area.

Thanks

{{ DiscussionBoard.errors[11528331].message }}

NMP

5 years ago

Hi

If you promote a Forex System you have not a working system.

Something experienced profitable traders know. And why so many
newbies fall victim to scams. Is not the Forex fault. Is the greed from
making a dime from marketers,

Thanks

{{ DiscussionBoard.errors[11550005].message }}

Its Forex Investing Works ?

Trending Topics

Sudden Drop in Blog Impressions and Rankings: Any Insights?

Course that teach how to make money form music

Why My Website is Not Indexed in Google?

Coca-Cola's AI holiday campaign is a blunder

I didn't know this - am I the only one?