How to Avoid Forex Trading Scams in 2020 - ForexBrokers.com
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Are all forex courses scams? Never bought one before all the knowledge I have is free from the internet. I now have a trading plan, risk management plan, and I'm going to start trading with a firm starting tomorrow. I'm just curious to the results of forex courses.
In these difficult times, please be aware of trading/investment scams
In these difficult times, when many people may be losing their jobs, I wanted to draw attention to share trading/investment scams. They’re relatively easy to recognise if you’re familiar with their ways of working: they usually approach people out of the blue, offer fast or big returns, promote a lifestyle many of us wish we could have, don’t want to discuss the risks and they’re not regulated by the FCA. Now I’m not a finance expert and don’t know the ins and outs of the regulatory work but I know that I should only deal with companies with a good public presence that are also FCA approved. If they start dodging questions, it’s a clear sign that they may be up to no good. I was approached by someone on Reddit today offering investment account management promising returns in as little as 7 days. Their profile is full of photos of someone living a lavish lifestyle and sometimes looking at a few charts. They were super quick to respond to any question but suddenly went quiet when I asked about the FCA. Again, I’m not an expert and some offers may be genuine. But now that many of us are struggling, it’s important to be extra careful and avoid potential scams as much as possible. The FCA has some good guidance on their website about these scams and how to avoid them. Stay safe, all.
The scene: I receive an email from my father. He sent me this link: https://cayarekylajules.gitlab.io/julescayarek/?placement=silverprice.org&creative=476738494285&campid=11533504265&gclid=EAIaIQobChMIu-_F-aH27AIV8QFoCB3HOQY8EAEYASAAEgKq6fD_BwE This was my response: --- If it seems too good to be true, it probably is. If your "investment" strategy seems akin to placing a bet in a casino, then you're not really investing. You're gambling. The significance of seeing a world government backing a cryptocurrency is high. Presumably it would be a cryptocurrency designed and supported by that country's central bank. Many countries (including Canada) are currently working on such projects. The catch though is that governments are not interested in careless speculation. They want stability in their national currencies. There are already several cryptocurrencies out there that are designed as "stablecoins," ie. they are designed to try to be pegged to the USD or Euro. So obviously a cryptocurrency that is designed to be pegged to fiat will not see any significant appreciation, save for marching in lockstep with the pegged national currency. There are still a lot of good uses for digital stable-coins, as opposed to traditional fiat. They would work very similar to current fiat currencies, and their stability would be an asset to certain classes of investors. Currently, they are used when investors/speculators think that other cryptocurrencies such as bitcoin are about to drop in price. The traders move their funds out of bitcoin and into the stablecoin, so the value is preserved, and then if the cryptocurrency actually drops in price, they can sell their stablecoin and buy the cryptocurrency again, ending up with a greater quantity of the cryptocurrency than they had when they started. The thing about cryptocurrencies that concerns me the most is that so few people understand how they work, and for those people, there is a serious risk of losing funds. Does anyone think that it's a good idea for someone with a grade 8 education to have access to a trading account where they can trade margined forex or leveraged derivatives? No. And for a lot of people, a true understanding of the characteristics and value of cryptocurrencies requires a good deal of financial and banking acumen, plus a solid grounding in economics. And perhaps it would help to have some mathematics and coding experience on the side. Edit: And to be clear, that site is also a scam.
Some trading wisdom, tools and information I picked up along the way that helped me be a better trader. Maybe it can help you too.
Its a bit lengthy and I tried to condense it as much as I can. So take everything at a high level as each subject is has a lot more depth but fundamentally if you distill it down its just taking simple things and applying your experience using them to add nuance and better deploy them. There are exceptions to everything that you will learn with experience or have already learned. If you know something extra or something to add to it to implement it better or more accurately. Then great! However, my intention of this post is just a high level overview. Trading can be far too nuanced to go into in this post and would take forever to type up every exception (not to mention the traders individual personality). If you take the general information as a starting point, hopefully you will learn the edge cases long the way and learn how to use the more effectively if you end up using them. I apologize in advice for any errors or typos. Introduction After reflecting on my fun (cough) trading journey that was more akin to rolling around on broken glass and wondering if brown glass will help me predict market direction better than green glass. Buying a $100 indicator at 2 am when I was acting a fool, looking at it and going at and going "This is a piece of lagging crap, I miss out on a large part of the fundamental move and never using it for even one trade". All while struggling with massive over trading and bad habits because I would get bored watching a single well placed trade on fold for the day. Also, I wanted to get rich quick. On top all of that I had a terminal Stage 4 case of FOMO on every time the price would move up and then down then back up. Just think about all those extra pips I could have trading both directions as it moves across the chart! I can just sell right when it goes down, then buy right before it goes up again. Its so easy right? Well, turns out it was not as easy as I thought and I lost a fair chunk of change and hit my head against the wall a lot until it clicked. Which is how I came up with a mixed bag of things that I now call "Trade the Trade" which helped support how I wanted to trade so I can still trade intra day price action like a rabid money without throwing away all my bananas. Why Make This Post? - Core Topic of Discussion I wish to share a concept I came up with that helped me become a reliable trader. Support the weakness of how I like to trade. Also, explaining what I do helps reinforce my understanding of the information I share as I have to put words to it and not just use internalized processes. I came up with a method that helped me get my head straight when trading intra day. I call it "Trade the Trade" as I am making mini trades inside of a trade setup I make from analysis on a higher timeframe that would take multiple days to unfold or longer. I will share information, principles, techniques I used and learned from others I talked to on the internet (mixed bag of folks from armatures to professionals, and random internet people) that helped me form a trading style that worked for me. Even people who are not good at trading can say something that might make it click in your head so I would absorbed all the information I could get.I will share the details of how I approach the methodology and the tools in my trading belt that I picked up by filtering through many tools, indicators strategies and witchcraft. Hopefully you read something that ends up helping you be a better trader. I learned a lot from people who make community posts so I wanted to give back now that I got my ducks in a row. General Trading Advice If your struggling finding your own trading style, fixing weakness's in it, getting started, being reliably profitable or have no framework to build yourself higher with, hopefully you can use the below advice to help provide some direction or clarity to moving forward to be a better trader.
KEEP IT SIMPLE. Do not throw a million things on your chart from the get go or over analyzing what the market is doing while trying to learn the basics. Tons of stuff on your chart can actually slow your learning by distracting your focus on all your bells and whistles and not the price action.
PRICE ACTION. Learn how to read price action. Not just the common formations, but larger groups of bars that form the market structure. Those formations carry more weight the higher the time frame they form on. If struggle to understand what is going on or what your looking at, move to a higher time frame.
INDICATORS. If you do use them you should try to understand how every indicator you use calculates its values. Many indicators are lagging indicators, understanding how it calculates the values can help you learn how to identify the market structure before the indicator would trigger a signal . This will help you understand why the signal is a lagged signal. If you understand that you can easily learn to look at the price action right before the signal and learn to watch for that price action on top of it almost trigging a signal so you can get in at a better position and assume less downside risk. I recommend using no more than 1-2 indicators for simplicity, but your free to use as many as you think you think you need or works for your strategy/trading style.
PSYCOLOGY. First, FOMO is real, don't feed the beast. When you trade you should always have an entry and exit. If you miss your entry do not chase it, wait for a new entry. At its core trading is gambling and your looking for an edge against the house (the other market participants). With that in mind, treat as such. Do not risk more than you can afford to lose. If you are afraid to lose it will negatively effect your trade decisions. Finally, be honest with your self and bad trading happens. No one is going to play trade cop and keep you in line, that's your job.
TRADE DECISION MARKING: Before you enter any trade you should have an entry and exit area. As you learn price action you will get better entries and better exits. Use a larger zone and stop loss at the start while learning. Then you can tighten it up as you gain experience. If you do not have a area you wish to exit, or you are entering because "the markets looking like its gonna go up". Do not enter the trade. Have a reason for everything you do, if you cannot logically explain why then you probably should not be doing it.
ROBOTS/ALGOS: Loved by some, hated by many who lost it all to one, and surrounded by scams on the internet. If you make your own, find a legit one that works and paid for it or lost it all on a crappy one, more power to ya. I do not use robots because I do not like having a robot in control of my money. There is too many edge cases for me to be ok with it.However, the best piece of advice about algos was that the guy had a algo/robot for each market condition (trending/ranging) and would make personalized versions of each for currency pairs as each one has its own personality and can make the same type of movement along side another currency pair but the price action can look way different or the move can be lagged or leading. So whenever he does his own analysis and he sees a trend, he turns the trend trading robot on. If the trend stops, and it starts to range he turns the range trading robot on. He uses robots to trade the market types that he is bad at trading. For example, I suck at trend trading because I just suck at sitting on my hands and letting my trade do its thing.
Trade the Trade - The Methodology
Base Principles These are the base principles I use behind "Trade the Trade". Its called that because you are technically trading inside your larger high time frame trade as it hopefully goes as you have analyzed with the trade setup. It allows you to scratch that intraday trading itch, while not being blind to the bigger market at play. It can help make sense of why the price respects, rejects or flat out ignores support/resistance/pivots.
Trade Setup: Find a trade setup using high level time frames (daily, 4hr, or 1hr time frames). The trade setup will be used as a base for starting to figure out a bias for the markets direction for that day.
Indicator Data: Check any indicators you use (I use Stochastic RSI and Relative Vigor Index) for any useful information on higher timeframes.
Support Resistance: See if any support/resistance/pivot points are in currently being tested/resisted by the price. Also check for any that are within reach so they might become in play through out the day throughout the day (which can influence your bias at least until the price reaches it if it was already moving that direction from previous days/weeks price action).
Currency Strength/Weakness: I use the TradeVision currency strength/weakness dashboard to see if the strength/weakness supports the narrative of my trade and as an early indicator when to keep a closer eye for signs of the price reversing.Without the tool, the same concept can be someone accomplished with fundamentals and checking for higher level trends and checking cross currency pairs for trends as well to indicate strength/weakness, ranging (and where it is in that range) or try to get some general bias from a higher level chart that may help you out. However, it wont help you intra day unless your monitoring the currency's index or a bunch of charts related to the currency.
Watch For Trading Opportunities: Personally I make a mental short list and alerts on TradingView of currency pairs that are close to key levels and so I get a notification if it reaches there so I can check it out. I am not against trading both directions, I just try to trade my bias before the market tries to commit to a direction. Then if I get out of that trade I will scalp against the trend of the day and hold trades longer that are with it.Then when you see a opportunity assume the directional bias you made up earlier (unless the market solidly confirms with price action the direction while waiting for an entry) by trying to look for additional confirmation via indicators, price action on support/resistances etc on the low level time frame or higher level ones like hourly/4hr as the day goes on when the price reaches key areas or makes new market structures to get a good spot to enter a trade in the direction of your bias.Then enter your trade and use the market structures to determine how much of a stop you need. Once your in the trade just monitor it and watch the price action/indicators/tools you use to see if its at risk of going against you. If you really believe the market wont reach your TP and looks like its going to turn against you, then close the trade. Don't just hold on to it for principle and let it draw down on principle or the hope it does not hit your stop loss.
Trade Duration Hold your trades as long or little as you want that fits your personality and trading style/trade analysis. Personally I do not hold trades past the end of the day (I do in some cases when a strong trend folds) and I do not hold trades over the weekends. My TP targets are always places I think it can reach within the day. Typically I try to be flat before I sleep and trade intra day price movements only. Just depends on the higher level outlook, I have to get in at really good prices for me to want to hold a trade and it has to be going strong. Then I will set a slightly aggressive stop on it before I leave. I do know several people that swing trade and hold trades for a long period of time. That is just not a trading style that works for me.
Enhance Your Success Rate Below is information I picked up over the years that helped me enhance my success rate with not only guessing intra day market bias (even if it has not broken into the trend for the day yet (aka pre London open when the end of Asia likes to act funny sometimes), but also with trading price action intra day. People always say "When you enter a trade have an entry and exits. I am of the belief that most people do not have problem with the entry, its the exit. They either hold too long, or don't hold long enough. With the below tools, drawings, or instruments, hopefully you can increase your individual probability of a successful trade. **P.S.*\* Your mileage will vary depending on your ability to correctly draw, implement and interpret the below items. They take time and practice to implement with a high degree of proficiency. If you have any questions about how to do that with anything listed, comment below and I will reply as I can. I don't want to answer the same question a million times in a pm. Tools and Methods Used This is just a high level overview of what I use. Each one of the actions I could go way more in-depth on but I would be here for a week typing something up of I did that. So take the information as a base level understanding of how I use the method or tool. There is always nuance and edge cases that you learn from experience.
I keep a general high level Macro outlook for currencies. I dont get too deep into Fundamentals and just keep an eye out for news. If I am already in a trade I will hold it if its far enough away from my entry. However, I wont enter right before/during news as it can invalidate your setup.
I started with the basics of learning the standard price action formations/patterns and candles. You can find tons of free info on that online, google is your friend. Then I stared at charts and said "why did the price do that or do this etc" then after a while I started to understand what's happening without having to think about it and I can see the market structure without having to look as closely as I did in the past.
After many many hours of staring at 5 min charts for 15 hours a day 5 days a week I learned how to look at 5 min charts and be like "Oh that's a hammer on the 15 min etc. If you keep track of time you can do the same for hourly candles as well and you will start to see market structure naturally. However I typically trade in a two chart panel window so I have a 15 min and 5 min chart up when trading intra day so I dont have to think too hard about it.
Draw support resistance lines on Daily/4hr timeframes. I prefer to use body of the candle instead of the wick for support/resistance.
You can find support/resistance liquidity levels through out the day as well and trade those if the price retraces back through levels its already been through that same day.
It would be a bit length to explain exactly the best place to draw them. If your unsure there is plenty of free resources on the internet. Just try to use your head and look for price levels where the price was "Supported" or it "Resisted" that price level then slap a line on it. Draw as few or as many lines as you feel helps you and your style. I tend to lean on the side of fewer. I typically do about 6 lines main support/resistances (3 of each).
Draw two Fibonacci Extensions. One on the daily timeframe, and then one on the 4hr time frame. Then you can trade the Fibonacci levels and use them for TP targets or entry zones if price action respects the level. Also you can use it along with support/resistance and pivots if they happen to line up or are very close.
I cannot really figure out how to put it into words how to draw a Fib if you dont know how. I will have to make a picture to demonstrate it. If your interested post below and I will draw one up and post a link. Probably the easiest way to understand. Just keep in mind the Fib you draw on the 4hr time frame will be inside the daily timeframe one.
The TradeVision2020 dashboard that I use just helps me keep a tab on the current market post plus any swing strength/momentum a currency might have on higher time frames. Helps me look for shifts in the market or confirmation that the bias it already has in momentum is continuing. I have found that often currencies when they get really/weak or strong might continue for several days or even longer like a full week or more. We recently had what felt like 1 week or so of flat out Yen weakness which was making some things wonky. All it does is allow me to look at the dashboard instead of a million other charts.
I use two that work well for my intra day style. The Stochastic RSI is just like a RSI but its faster. The second is the Relative Vigor Index which I use to detect swings in momentum and divergences in bullish/bearish momentum. I have used many others in the past, but as I have grown and got better as a trader I have found making my analysis simpler has improved my trading.I dont like the whole idea of have 43 different indicators on 32 different time frames light up a dashboard to be green for me to enter a trade. With how I do it now, I have a clear understanding of what I expect to happen and why. That way when it does happen I understand the move and dont get freaked out if the market moves funny after I am in the trade.
Conclusion I use the above tools/indicators/resources/philosophy's to trade intra day price action that sometimes ends up as noise in the grand scheme of the markets movement.use that method until the price action for the day proves the bias assumption wrong. Also you can couple that with things like Stoch RSI + Relative Vigor Index to find divergences which can increase the probability of your targeted guesses. Trade Example from Yesterday This is an example of a trade I took today and why I took it. I used the following core areas to make my trade decision.
Fundamental Bias: I already had a bullish fundamental outlook on EUUSD with expecting the markets to price in future similes due a higher an higher chance of Biden winning on paper as the election closed in and a "Blue wave" coming which would lead to a weaker dollar. Also, the Euro Zone is getting hammered with COVID pretty hard plus Brexit drama so I had a strong Euro bias.NOTE: As frame of reference, all the other pairs I trade I traded as if they were ranging and trade a range. Markets are messed up right now.
Currency Strength/Weakness: I use a tool that gives me a currency strength/weakness dashboard called TradeVision2020. Helps me track individual currency strength/weakness intra day. Took me about a month to get used to it, but helps me keep track of intra day strength/weakness that can add a bias to trade direction as the day unfolds. Like "Will this run have a 2nd or 3rd push higher" or "I should look to TP at the first sign of weakness in the push" type bias data. You still got to use your brain and figure out the best decision. It wont make choices for you, its only a guide.NOTE: I am not trying to adverse the tool (if providing the code is against sub rules let me know), its just a tool I use every day that helps me with directional bias calls. I am sharing the coupon code that was given to me when I found out about the tool in the TradingView forex chatroom and the guy gave me the code to use when I signed up. I dont want someone to read the name and want to try it out then overpay for no reason. The coupon will give you 40% off. Coupon Code: 3F7A0T5T
Higher Timeframe Analysis: Detected some early signs of Bearish Divergence on the 1hr chart using a on a higher time frame using a Stochastic RSI. Then I saw more confirmation on 5 min charts using Relative Vigor Index to help time my entry mid session.
Pivot Points: I treat pivot points like support/resistance and trade them as such using price action to give me some idea how its being treated by the market. Pretty straight forward.
It may seem like a lot of stuff to process on the fly while trying to figure out live price action but, for the fundamental bias for a pair should already baked in your mindset for any currency pair you trade. For the currency strength/weakness I stare at the dashboard 12-15 hours a day so I am always trying to keep a pulse on what's going or shifts so that's not really a factor when I want to enter as I would not look to enter if I felt the market was shifting against me. Then the higher timeframe analysis had already happened when I woke up, so it was a game of "Stare at the 5 min chart until the price does something interesting" Trade Example: Today , I went long EUUSD long bias when I first looked at the chart after waking up around 9-10pm Eastern. Fortunately, the first large drop had already happened so I had a easy baseline price movement to work with. I then used tool for currency strength/weakness monitoring, Pivot Points, and bearish divergence detected using Stochastic RSI and Relative Vigor Index. I first noticed Bearish Divergence on the 1hr time frame using the Stochastic RSI and got confirmation intra day on the 5 min time frame with the Relative Vigor Index. I ended up buying the second mini dip around midnight Eastern because it was already dancing along the pivot point that the price had been dancing along since the big drop below the pivot point and dipped below it and then shortly closed back above it. I put a stop loss below the first large dip. With a TP goal of the middle point pivot line Then I waited for confirmation or invalidation of my trade. I ended up getting confirmation with Bearish Divergence from the second large dip so I tightened up my stop to below that smaller drip and waited for the London open. Not only was it not a lower low, I could see the divergence with the Relative Vigor Index. It then ran into London and kept going with tons of momentum. Blew past my TP target so I let it run to see where the momentum stopped. Ended up TP'ing at the Pivot Point support/resistance above the middle pivot line. Random Note: The Asian session has its own unique price action characteristics that happen regularly enough that you can easily trade them when they happen with high degrees of success. It takes time to learn them all and confidently trade them as its happening. If you trade Asia you should learn to recognize them as they can fake you out if you do not understand what's going on. TL;DR At the end of the day there is no magic solution that just works. You have to find out what works for you and then what people say works for them. Test it out and see if it works for you or if you can adapt it to work for you. If it does not work or your just not interested then ignore it. At the end of the day, you have to use your brain to make correct trading decisions. Blindly following indicators may work sometimes in certain market conditions, but trading with information you don't understand can burn you just as easily as help you. Its like playing with fire. So, get out there and grind it out. It will either click or it wont. Not everyone has the mindset or is capable of changing to be a successful trader. Trading is gambling, you do all this work to get a edge on the house. Trading without the edge or an edge you understand how to use will only leave your broker happy in the end.
So I’m about to be a college freshman, and one thing I’ve seen get extremely popular between older high schoolers and college students is Forex. I assume it’s some investment tool, use your money to make more money while relaxing at home is the slogan I see from a lot of users I know.. The things is, they barely say anything about it besides “ come use it, you’re gonna be making bank”, and a lot of the users literally changed from normal social media post to only Forex awareness posts. Everyone I’m close to who uses it has a part time job minimum, so I assumed if you don’t have steady money there’s no point. But then there’s also a couple of people who said they don’t have a job that act like Forex is godsend, hilariously though they never show their actually money increase even though they brag about it. I know some people charge in the hundreds to get a step in to understanding, but I’ve also read it’s not mandatory. I assume it’s either a scam, or it’s a “high reward, easy failure” situation. I also assume a lot of people over exaggerate their wins and hid their losses. The thing is they all make it seem like once you’ve started , you’re guaranteed money. But if that was the case, I’d assume everyone would be using it since it’s so simple to make money from there. Can anyone explain Forex to me? Is it really a good tool for investments?
Good evening everyone, Before the story commences, I am unsure if posting it on this subreddit will be of any help, but I do have a certain faith in the overall Reddit community. About two weeks ago my mother informed me about a conversation she was having with a real friend of hers. They were talking about investing money in something (it was quite vague and unspecified). So naturally I asked some questions; 'What are you investing in? What is the company name?'. It turned out to be a investment in Bitcoin through a company by the name of MTI. Mirror Trading International. Then of course I did some digging, made myself more familiar with how cryptocurrency works and what the processes behind it entail. The search results of MTI show multiple links to news articles disputing the legitimacy of MTI. My mother joined a Zoom call with the friend from before and some others that already partook in this movement. There they asked questions and answered questions about MTI and how it works. MTI claims this: " You too can start to benefit from this marvellous opportunity. Remember, your trading pool balance will fluctuate with the changing Bitcoin price, but your Bitcoin WILL be growing, and when the price of Bitcoin rises, you will be perfectly placed to take full advantage thereof. " Seemingly you invest money in bitcoins and the money of all the investors is gathered in a forex trading pool. Every day investors are able to see the trades in the pool (made my an AI trading bot). Without doing anything you can passively build or grow your balance. I honestly think the revenue that comes back to investors are the funds provided by new members (like in a Ponzi scheme). The returns they promise are way too optimistic to be genuine. The CEO of the company has participated in other fraudulent activities like the Kipi scam. Somehow I tried talking to the people from the Zoom call my mother attended, explaining why I do not trust the company and its intentions. Sadly, all falls on deaf ears and they are unconditionally sure about the legitimacy of MTI. My question: What are your regards on this topic and on MTI? How should I convince those involved that this is not a risk worth taking. It makes me worry more than I want to. Thank you for your time in advance!
It has been more than a year, people started investing in cryptocurrencies as a Secondary earning method. Some people's main earning base is investing. There will be a common wording - "Never Invest in Something You Don’t Understand". So it's mandatory to have basic ideas about cryptocurrency, Fiats, and Investment before jumping into the digital world. Actually, it's a vast field, you can't complete it. But you can learn enough to find your feet. What is Cryptocurrency? We can say simply as digital currencies that are of codes. A cryptocurrency is not owned or backed by any government or country. A cryptocurrency is a new form of digital asset based on a network that is distributed across a large number of computers. Mainly they are decentralized networks maintained using blockchain technology. I.e Distributed ledger. You can call it Money that was created by the people for them and they are controlling it. Many Governments and legal authorities are against cryptocurrency as they have many advantages over regular currencies. https://preview.redd.it/o8ss0acmezy51.png?width=1280&format=png&auto=webp&s=37acdfa2b625bf3a5926e3a103867e8dd1c3247b What are Fiat Currencies? Currencies that are owned and controlled by any government are called FIAT currencies. Some of the well known Fiat currencies are USD(United States Dollar), GBP(Great Britain Pound or Sterling Pound), AUD(Australian Dollar), CNY(Chinese Yen), JPY(Japanese Yen), INR(Indian Rupee), etc., FIATs always lacking in the characteristics of sound money. Cryptocurrencies fill almost all gaps. As there are many advantages, the main thing is it's not controlling by any third party sources. Every transaction is made ledger and made available to all users. Investment based on Cryptocurrency One can invest Fiat currency as well as cryptocurrency, there will be a fixed profit for them and variable profit for them as per the investment platform they choose. As an investor, you have to select the best platform for your investment. You have to be aware of a scam as well as a real platform that gives you promised profit. Always we have to keep in mind that successful investing is about managing the risk, you have to be ready to face the risk too. There many easy go investment platforms that are helping to attain certain profit over the market. Even you don't have the knowledge about trading, exchange; investing in a proper platform will give you profit. There are multiple ways where you can invest in cryptocurrency and earn more. Some of the well known facts are HYIP investment platforms, peer to peer Exchange platforms, Forex trading using signals also now some newly trended cryptocurrency investment script like PAMM managers, Copy Trading and Auto Trading. There is a wide range of cryptocurrency based opportunity available, choosing the right platform with complete security and risk management is a wise choice. Now there are more opportunities available to start a new investment platform on your own. If you wanna be an entrepreneur, you can choose one among the Ready to use investment software and run your own website. Finally, If you don't find a way to earn while sleeping, you will work until you die!
I plan on joining the 5ers.com evaluation within the next 6 months. I recently finished perfecting my trading plan and I've avoided learning too much of the academic side of forex because I didn't want to bother if I couldn't manage to be profitable in demo so I still need to hop onto babypips.com and complete the academic fundamentals before I do anything for real but I'm wondering any people that have joined 5ers have any advice for me. (For the love of god no "5ers is a scam" comments please, I don't care. Those scammers need to be able to put food on the table and I need to provide.) I've been backtesting a ton and getting solid results but recently during my testing I adjusted and improved it greatly and I did some runs in EUUSD and AUD/NZD in demo using the Soft4FX backtesting simulator so I could avoid unwanted repainters and have a more authentic backtesting experience against one of the most difficult and one of the easiest currencies to trade and I got some good results (I think). I backtested starting in Oct 2014 until I hit 20% profit in each. Here's the results for EUUSD which hit 20% in 14 months I used a 20k account and used 0.1 lot for every trade, I missed out on a lot of profits because I didn't use a position size calc :( https://i.imgur.com/Trhj7N1.png and AUD/NZD which hit it in 6 months I used a 20k account and used 1% risk for every trade https://i.imgur.com/TJfsLW6.png I don't really know how good this is, I would like to hear your thoughts. My drawdown is pretty good around 1% or less but I'm assuming that's still too risky considering in real trading I'll be trading multiple currencies at once? How to determine my risk for this program? Also if I get X results in a currency over X time in demo, and assuming those results are the expected average, does that mean the results are multiplied by the average amount of open trades I have? What should I add to my preparedness checklist? Appreciate your thoughts :)
I have been involved with an organization called Tradehouse that is affiliated with the popular MLM IML/IM MASTERY ACADEMY/whatever name they go by now... sadly for a few months now. If you have any friends or family that are involved with either of these entities - please get them out if you can. They have probably already been roped in and indoctrinated with the language that the community uses (which often includes every clap back and argument in the book) but please try anyways. They get you in by leveraging the higher ups in their organization ("chairman") and showing them live their lavish lifestyles.. and imply that you can too. As soon as you're welcomed in you're lovebombed and called "family" by everyone in this massive telegram group chat. And then it's radio silence right after. You're assumed to learn everything that you can about trading on your own. And soon you realize it's impossible because retail trading involves SO much risk.. which is exactly why many DON'T... lmao. You're literally trading against big banks and hedge funds. And if you don't know anything about trading let me tell you something that you might not know yet - for every winner or winning trade there is a loser. Banks can afford to trade because they are going in trades from both positions and skimming off the top of the profits. Retail traders? Yeah we aren't so lucky lol. So you realize that trading isn't as easy as it seems.. but your monthly payment is coming up and you have to do something. Here is where they get you - once you sign up (RECRUIT) two people you get your monthly fee waived (mind you.. JUST FOR THAT MONTH). The pressure is then on you to flex a lifestyle you don't have yet, in order to sell people a dream you aren't even living. All to avoid a monthly charge that they are going to have to handle unless they start the same cycle.. It's honestly horrible. The whole thing is just slimly. Everyone that is brought in is indoctrinated and taught to say the exact same things, just mindless robots. "Its all about the mindset if you're losing it's on you" "Forex isn't a scam" "broke mindset" just the dumbest stuff.. I’m making this post to anyone on here that was like me, just looking for all the information that they could about what they think or thought seemed like a good idea, but suddenly doesnt.. your conscience knows. It’s okay to get roped into these things, they are marketers after all. You aren’t stupid for joining or inquiring, and if you’re in it already like me you can make it out. You’ve already done the first step and that’s look outside of the bubble.. time to pop it. Anyone that has any questions about the above groups, advice or stuff you’d like to hear about my experience please drop it in the comments. I’m not sure how reddit works still lol but I’m always free to help.
Forex Signals Reddit: top providers review (part 1)
Forex Signals - TOP Best Services. Checked!
To invest in the financial markets, we must acquire good tools that help us carry out our operations in the best possible way. In this sense, we always talk about the importance of brokers, however, signal systems must also be taken into account. The platforms that offer signals to invest in forex provide us with alerts that will help us in a significant way to be able to carry out successful operations. For this reason, we are going to tell you about the importance of these alerts in relation to the trading we carry out, because, without a doubt, this type of system will provide us with very good information to invest at the right time and in the best assets in the different markets. financial Within this context, we will focus on Forex signals, since it is the most important market in the world, since in it, multiple transactions are carried out on a daily basis, hence the importance of having an alert system that offers us all the necessary data to invest in currencies. Also, as we all already know, cryptocurrencies have become a very popular alternative to investing in traditional currencies. Therefore, some trading services/tools have emerged that help us to carry out successful operations in this particular market. In the following points, we will detail everything you need to know to start operating in the financial markets using trading signals: what are signals, how do they work, because they are a very powerful help, etc. Let's go there!
What are Forex Trading Signals?
https://preview.redd.it/vjdnt1qrpny51.jpg?width=640&format=pjpg&auto=webp&s=bc541fc996701e5b4dd940abed610b59456a5625 Before explaining the importance of Forex signals, let's start by making a small note so that we know what exactly these alerts are. Thus, we will know that the signals on the currency market are received by traders to know all the information that concerns Forex, both for assets and for the market itself. These alerts allow us to know the movements that occur in the Forex market and the changes that occur in the different currency pairs. But the great advantage that this type of system gives us is that they provide us with the necessary information, to know when is the right time to carry out our investments.
In other words, through these signals, we will know the opportunities that are presented in the market and we will be able to carry out operations that can become quite profitable.
Profitability is precisely another of the fundamental aspects that must be taken into account when we talk about Forex signals since the vast majority of these alerts offer fairly reliable data on assets. Similarly, these signals can also provide us with recommendations or advice to make our operations more successful.
»Purpose: predict movements to carry out Profitable Operations
In short, Forex signal systems aim to predict the behavior that the different assets that are in the market will present and this is achieved thanks to new technologies, the creation of specialized software, and of course, the work of financial experts. In addition, it must also be borne in mind that the reliability of these alerts largely lies in the fact that they are prepared by financial professionals. So they turn out to be a perfect tool so that our investments can bring us a greater number of benefits.
The best signal services today
We are going to tell you about the 3 main alert system services that we currently have on the market. There are many more, but I can assure these are not scams and are reliable. Of course, not 100% of trades will be a winner, so please make sure you apply proper money management and risk management system.
1. 1000pipbuilder (top choice)
Fast track your success and follow the high-performance Forex signals from 1000pip Builder. These Forex signals are rated 5 stars on Investing.com, so you can follow every signal with confidence. All signals are sent by a professional trader with over 10 years investment experience. This is a unique opportunity to see with your own eyes how a professional Forex trader trades the markets. The 1000pip Builder Membership is ordinarily a signal service for Forex trading. You will get all the facts you need to successfully comply with the trading signals, set your stop loss and take earnings as well as additional techniques and techniques! You will get easy to use trading indicators for Forex Trades, including your entry, stop loss and take profit. Overall, the earnings target per months is 350 Pips, depending on your funding this can be a high profit per month! (In fact, there is by no means a guarantee, but the past months had been all between 600 – 1000 Pips). >>>Know more about 1000pipbuilder Your 1000pip builder membership gives you all in hand you want to start trading Forex with success. Read the directions and wait for the first signals. You can trade them inside your demo account first, so you can take a look at the performance before you make investments real money! Features:
Forex signals sent by email and SMS
Entry price, take profit and stop loss provided
Suitable for all time zones (signals sent over 24 hours)
Digital Derivatives Markets (DDMarkets) have been providing trade alert offerings since May 2014 - fully documenting their change ideas in an open and transparent manner. September 2020 performance report for DD Markets. Their manner is simple: carry out extensive research, share their evaluation and then deliver a trading sign when triggered. Once issued, daily updates on the trade are despatched to members via email. It's essential to note that DDMarkets do not tolerate floating in an open drawdown in an effort to earnings at any cost - a common method used by less professional providers to 'fudge' performance statistics. Verified Statistics: Not independently verified. Price: plans from $74.40 per month. Year Founded: 2014 Suitable for Beginners: Yes, (includes handy to follow trade analysis) VISIT -------
If you are looking or a forex signal service with a reliable (and profitable) music record you can't go previous Joel Kruger and the team at JKonFX. Trading performance file for JKonFX. Joel has delivered a reputable +59.18% journal performance for 2016, imparting real-time technical and fundamental insights, in an extremely obvious manner, to their 30,000+ subscriber base. Considered a low-frequency trader, alerts are only a small phase of the overall JKonFX subscription. If you're searching for hundreds of signals, you may want to consider other options. Verified Statistics: Not independently verified. Price: plans from $30 per month. Year Founded: 2014 Suitable for Beginners: Yes, (includes convenient to follow videos updates). VISIT
The importance of signals to invest in Forex
Once we have known what Forex signals are, we must comment on the importance of these alerts in relation to our operations. As we have already told you in the previous paragraph, having a system of signals to be able to invest is quite advantageous, since, through these alerts, we will obtain quality information so that our operations end up being a true success.
»Use of signals for beginners and experts
In this sense, we have to say that one of the main advantages of Forex signals is that they can be used by both beginners and trading professionals. As many as others can benefit from using a trading signal system because the more information and resources we have in our hands. The greater probability of success we will have. Let's see how beginners and experts can take advantage of alerts:
Beginners: for inexperienced these alerts become even more important since they will thus have an additional tool that will guide them to carry out all operations in the Forex market.
Professionals: In the same way, professionals are also recommended to make use of these alerts, so they have adequate information to continue bringing their investments to fruition.
Now that we know that both beginners and experts can use forex signals to invest, let's see what other advantages they have.
When we dedicate ourselves to working in the financial world, none of us can spend 24 hours in front of the computer waiting to perform the perfect operation, it is impossible. That is why Forex signals are important, because, in order to carry out our investments, all we will have to do is wait for those signals to arrive, be attentive to all the alerts we receive, and thus, operate at the right time according to the opportunities that have arisen. It is fantastic to have a tool like this one that makes our work easier in this regard.
»Carry out profitable Forex operations
These signals are also important, because the vast majority of them are usually quite profitable, for this reason, we must get an alert system that provides us with accurate information so that our operations can bring us great benefits. But in addition, these Forex signals have an added value and that is that they are very easy to understand, therefore, we will have a very useful tool at hand that will not be complicated and will end up being a very beneficial weapon for us.
»Decision support analysis
A system of currency market signals is also very important because it will help us to make our subsequent decisions. We cannot forget that, to carry out any type of operation in this market, previously, we must meditate well and know the exact moment when we will know that our investments are going to bring us profits . Therefore, all the information provided by these alerts will be a fantastic basis for future operations that we are going to carry out.
»Trading Signals made by professionals
Finally, we have to recall the idea that these signals are made by the best professionals. Financial experts who know perfectly how to analyze the movements that occur in the market and changes in prices. Hence the importance of alerts, since they are very reliable and are presented as a necessary tool to operate in Forex and that our operations are as profitable as possible.
What should a signal provider be like?
https://preview.redd.it/j0ne51jypny51.png?width=640&format=png&auto=webp&s=5578ff4c42bd63d5b6950fc6401a5be94b97aa7f As you have seen, Forex signal systems are really important for our operations to bring us many benefits. For this reason, at present, there are multiple platforms that offer us these financial services so that investing in currencies is very simple and fast. Before telling you about the main services that we currently have available in the market, it is recommended that you know what are the main characteristics that a good signal provider should have, so that, at the time of your choice, you are clear that you have selected one of the best systems.
»Must send us information on the main currency pairs
In this sense, one of the first things we have to comment on is that a good signal provider, at a minimum, must send us alerts that offer us information about the 6 main currencies, in this case, we refer to the euro, dollar, The pound, the yen, the Swiss franc, and the Canadian dollar. Of course, the data you provide us will be related to the pairs that make up all these currencies. Although we can also find systems that offer us information about other minorities, but as we have said, at a minimum, we must know these 6.
»Trading tools to operate better
Likewise, signal providers must also provide us with a large number of tools so that we can learn more about the Forex market.
We refer, for example, to technical analysis above all, which will help us to develop our own strategies to be able to operate in this market.
These analyzes are always prepared by professionals and study, mainly, the assets that we have available to invest.
»Different Forex signals reception channels
They must also make available to us different ways through which they will send us the Forex signals, the usual thing is that we can acquire them through the platform's website, or by a text message and even through our email. In addition, it is recommended that the signal system we choose sends us a large number of alerts throughout the day, in order to have a wide range of possibilities.
»Free account and customer service
Other aspects that we must take into account to choose a good signal provider is whether we have the option of receiving, for a limited time, alerts for free or the profitability of the signals they emit to us. Similarly, a final aspect that we must emphasize is that a good signal system must also have excellent customer service, which is available to us 24 hours a day and that we can contact them at through an email, a phone number, or a live chat, for greater immediacy. Well, having said all this, in our last section we are going to tell you which are the best services currently on the market. That is, the most suitable Forex signal platforms to be able to work with them and carry out good operations. In this case, we will talk about ForexPro Signals, 365 Signals and Binary Signals.
Forex Signals Reddit: conclusion
To be able to invest properly in the Forex market, it is convenient that we get a signal system that provides us with all the necessary information about this market. It must be remembered that Forex is a very volatile market and therefore, many movements tend to occur quickly. Asset prices can change in a matter of seconds, hence the importance of having a system that helps us analyze the market and thus know, what is the right time for us to start operating. Therefore, although there are currently many signal systems that can offer us good services, the three that we have mentioned above are the ones that are best valued by users, which is why they are the best signal providers that we can choose to carry out. our investments. Most of these alerts are quite profitable and in addition, these systems usually emit a large number of signals per day with full guarantees. For all this, SignalsForexPro, Signals365, or SignalsBinary are presented as fundamental tools so that we can obtain a greater number of benefits when we carry out our operations in the currency market.
Complying to a scammer, but not quite the way he wanted me to!
(To any moderator, I have anonymitised everything and made sure that it is according to rules of this subreddit,I wanna share this story so please let me know should further editing be required ! please Consider this person has likely stolen thousands and thousands of innocent people so i wanna spread awareness! So the other day (actually my birthday too :)) I found this account on IG, I saved him as Scumm in my phone but he claims to be an "Alex", hit him up if you wanna get rich it is a fiest. So i hit him up and be like: [19:00, 23/09/2020] OP: Hello sir I am Tom, I read a lot of things about Forex and crypto and your page in particular and just inherited some money from a relative , I heard so many good things I thought you might help me invest some of that money so it is not lost? Kindly [19:08, 23/09/2020] Scumm: Ok [19:08, 23/09/2020] Scumm: Welcome [19:08, 23/09/2020] Scumm: Where are you from? [19:09, 23/09/2020] OP: Germany [19:09, 23/09/2020] Scumm: Ok Tom [19:09, 23/09/2020] Scumm: We specialise on Stock And cryptocurrency trading, with the sole aim of making awesome profit from the rapid changes in price of the assets and currencies we trade. We are group of professional market analysts that studies the market picking the best assets to invest on, and as well the best cryptocurrency pairs to trade on. We have mastered risk management and as well best possible strategy to maximize our clients Profits [19:10, 23/09/2020] Scumm: With the minimum investment of 1 BTC you can make 3.8BTC in a month [19:11, 23/09/2020] Scumm: If I may ask do you have a Bitcoin Wallet address? Now you can see how this is a scam and no one should ever follow such ludicrous claims! 380% in a month, if sb knew how, they wouldnt share that ,not in this world, not in this century... So i amlike: [19:15, 23/09/2020] OP: I'd be willing to invest even 2 bitcoin but I would need your company credentials and iban to send money to [19:19, 23/09/2020] Scumm: I can only provide you a US account to make payment [19:19, 23/09/2020] Scumm: This if gonna be possible [19:19, 23/09/2020] OP: Hmm I'll see maybe that works [19:19, 23/09/2020] OP: Easiest would be IBAN [19:19, 23/09/2020] OP: Your company does not have any European bank accounts? [19:19, 23/09/2020] Scumm: IBAN [19:20, 23/09/2020] Scumm: Mate I always follow procedures so I have not accept Transfer for deposit [19:20, 23/09/2020] Scumm: But I will see to that ok You see where this is going I want some info and make him believe he or one of his mules at least gets sweet sweet cash. NOT SO FAST [20:49, 23/09/2020] Scumm: I’m waiting on my Colleague to forward details to me now [20:49, 23/09/2020] Scumm: Ok so you are not sending today? [20:49, 23/09/2020] OP: Thank u so much [20:49, 23/09/2020] OP: I can try but I have to call bank [20:49, 23/09/2020] OP: For over 1000 [20:50, 23/09/2020] Scumm: Ok ok mate [20:50, 23/09/2020] Scumm: Good [21:08, 23/09/2020] Scumm: XXXXXX XXXXXXXX XXX Bank Account number: 8XXXXX0 Sort code: XXXX IBAN: GBXXXXXXXXXXXXXXXXXX [21:08, 23/09/2020] Scumm: Are you there Mate? [22:43, 23/09/2020] OP: Yes hi thank u so much [22:43, 23/09/2020] OP: Let me chdck [22:46, 23/09/2020] Scumm: Ok mate [22:53, 23/09/2020] Scumm: Are you trying to send it now mate? Spinning it furtherly: I just tell some yada yada about how it takes time and a signature since its such a large sum! [11:46, 24/09/2020] OP: Do you have license [11:46, 24/09/2020] Scumm: 25BTC too small for even my students 😂 /\SURE buddy! */* [11:46, 24/09/2020] OP: NASAA 67? [11:47, 24/09/2020] OP: For financial advisor [11:50, 24/09/2020] OP: This [11:50, 24/09/2020] OP: Sorry was upside down [11:50, 24/09/2020] OP: ? [11:51, 24/09/2020] Scumm: I’m an independent expert trader and portfolio management in crypto market [11:52, 24/09/2020] Scumm: License only met to give out from head of Admin [11:52, 24/09/2020] OP: Ah kk [11:52, 24/09/2020] Scumm: Yes mate [11:52, 24/09/2020] OP: But normally 67 and 68 is required [11:52, 24/09/2020] OP: For normal managers? [11:53, 24/09/2020] Scumm: Yes [11:55, 24/09/2020] Scumm: have no worries mate [11:55, 24/09/2020] Scumm: 100% Now this is quite interesting NASAA 65 and 66 are licenses needed to be an account manager in the US so if he was he should know that i just made up 67 and 68! [19:20, 24/09/2020] OP: Ill makethe first payment asap, but i cant make my bank go faster sorry [19:21, 24/09/2020] OP: howeverone thing: [19:21, 24/09/2020] OP: most of the moneyigotis still in USD isit possible u said invest and send to USbank too? [19:21, 24/09/2020] OP: for 20kUSD and above [19:22, 24/09/2020] OP: its hard for me topurhcase that much bitcoin on my own right now [19:22, 24/09/2020] OP: but i see that i can trust you! [19:22, 24/09/2020] Scumm: Mate ASAP you said you make payment today and you didn’t so I don’t know if you even sure about this yet [19:23, 24/09/2020] Scumm: I don’t get you please [19:23, 24/09/2020] Scumm: You mean you want your profit sent to a US bank? [19:24, 24/09/2020] Scumm: You have no worries about that mate [19:24, 24/09/2020] OP: I am [19:24, 24/09/2020] OP: I signed the paper mate I am so happy [19:24, 24/09/2020] OP: That's all they need I told u [19:24, 24/09/2020] OP: To make payments international so large [19:24, 24/09/2020] Scumm: Yeah you said that mate [19:24, 24/09/2020] OP: I am beeing honest as well [19:24, 24/09/2020] OP: So I sent it back by post Today [19:24, 24/09/2020] Scumm: Ok mate [19:25, 24/09/2020] OP: But I am not at my banks city so post takes 1-2 days and then they can release [19:25, 24/09/2020] OP: Sorry to keep u waiting [19:25, 24/09/2020] Scumm: Ok mate [19:25, 24/09/2020] Scumm: Oh I see [19:25, 24/09/2020] OP: No what I meant: if I wanna start with more can j invest 20k USD too? I know u usually don't do and j ask very weird questions but I meant [19:25, 24/09/2020] OP: I am not always home have pc etc but I am in contact with u and my bank [19:26, 24/09/2020] OP: So is it possible? Otherwise I have to convert USD to euro or GDP [19:26, 24/09/2020] OP: 40k is sill in USD I have [19:26, 24/09/2020] OP: That would be even crazier profits 🤑🤑🤑 [19:27, 24/09/2020] Scumm: Now I’m understanding SO NOW HE IS UNDERSTANDING good good, and almost ready to screw one of his US mules too: [21:00, 24/09/2020] Scumm: Ok mate [21:04, 24/09/2020] Scumm: Can they send from US to the IBAN account? [21:05, 24/09/2020] OGOP: Hm I don't know it's a bit tricky BC I'm no us citizen [21:05, 24/09/2020] OGOP: I have one iban authorised to cash all out in euro [21:05, 24/09/2020] Scumm: Ok ok mate [21:06, 24/09/2020] OP: And US I think right now [21:06, 24/09/2020] Scumm: Ok mate please hold [21:10, 24/09/2020] OP Sure man [21:11, 24/09/2020] OP: Uff such a huge step for me [21:11, 24/09/2020] OP: I hope u do it real good 🤑🤑🤑 [21:12, 24/09/2020] OP Do you have customers in US too? [21:12, 24/09/2020] Scumm: Bank name: Teachers Federal Credit Union Bank address: XXXXXXX Account holder: XXXXXXXXXXXXXX Account Holders address: XXXXXXXXXXXXXXXXX XXXX Routing Number: XXXXXXX Account number:XXXXXXXXXX [21:12, 24/09/2020] Scumm: Sure mate //SO HE CLAIMS TO HAVE SCAMMED US CITIZENS! [21:12, 24/09/2020] OP: Nice [21:12, 24/09/2020] Scumm: Please make sure you send confirmation immediately So finally I did not send him payment proof,I sent him a spoofed link to fetch his IP with a link to "payment proof" and got his IP and location (cant showr a real link bc it has my IP in it...) And was like " oh hey how is the whether in Irele, Nigeria??" Needless to say he blocked me straight away after I called him a disgraceful sc*m but hey..... I still called the corresponding banks, the UK Fraud Action and the FBI just to make sure and shared all of the details without any editting :) Have fun "mate"! If they can freeze only 1 $ and return it to a likely victim, I am more then happy Cheers dont get scammed! TL/DR: Scammed a Nigerian scammer into sending me real accounts, names and details in UK and US (mules) to forward to the police and may or may not have donated 500 to charity.
Binary Options Recovery: Scammed Traders, Fake Brokers, and Funds Recovery
Following the “permanent temporary” measures against binary options and CFDs (contract for difference), the body in charge implements its own set of limitations that simply forbids regulated houses to offer such product in the UK, hence increasing the risk of pushing retails traders towards illegal brokers and outright scams. Fortunately, a new solution is now available to UK traders via a new United Kingdom Financial regulatory ruling. More scrutiny from UK banks about financial transactions, even to binary optionsIn short, banks will have to take more responsibility about the financial transactions they facilitate. This new ruling should lead to the creation of a new code of conduct that will help defrauded people to have their funds recovered by their bank, unless it is proven they acted recklessly. As a popular Financial blog puts, it, “It is likely that should a bank or credit card company be either impersonated by a fraudster in order to gain money, or trick a client into depositing, and the bank allows the transfer, a client will be able to take recourse. The broad protection should kick for many online scheme and scams, whether it is fake investment companies, fraudulent binary options brokers or those scammers who promise to help you recover your stolen funds…only to steal from you once again. On the other hands, it means the banks will be more likely to forbid transactions to legit businesses, such as reputable cryptocurrency exchanges or honest smart options platforms. The regulating bodies and financial institutions are taking a number of measures to prevent financial fraud. Binary options trading, in particular, is being controlled with a greater degree of robustness to protect the unwary general public being drawn into a situation where they suffer financial losses. Many hundreds of people around the world are targeted each day. ![img](prwn4ha2ecf51 " ") Frequently they are novice investors who are unfamiliar with the markets and do not recognize that the so-called trading platform and its way of working are actually bogus. The individual only realizes the extent of the fraud when eventually when the fraudsters finally decide that there is no more money to be had and shut down the account and promptly vanish without trace. Spotting Fraudulent Binary Options Broker Some lawyers in the financial fraud division are very familiar with the pattern of behaviour demonstrated by the fraudulent brokers and the distress caused by their dealings with inexperienced investors. There is a track of record of recovery in relation to financial fraud and has a number of strategies and tactics to compel the fraudulent broker or associated financial service providers to restore funds to those who have been deceived. Needless to say, the fraudsters are accomplished at hiding their tracks and frequently there are myriad inter-connected limited liability companies, often some are registered in different countries, with some dormant and some active. It is hardly surprising if the complexity of the situation results in a failure to discover a single person who can be challenged and held accountable. However, there are various channels financial fraud lawyers use when attempting to retrieve money for clients and each avenue is investigated. Whilst an individual may be alarmed and confused at the prospect of navigating through the complex structures that have been deliberately set up to confuse, Financial fraud lawyers are usually quite familiar with strategies fraudsters use, and frequently can steer a course to the recovery of some or all of the lost money. https://preview.redd.it/daa505b3ecf51.jpg?width=600&format=pjpg&auto=webp&s=b27aa7697b0bf1afbd238964166ce40c693db2e3 The step of last resort, legal action, is understandably daunting for a person who often has lost significant amounts of money to the fraudulent brokers. It is fully understandable that such a situation will leave the victim decidedly risk-averse. There have been experiences with class actions against the fraudulent brokers and has developed links with litigation funding organizations in order to offset the risk in respect of class actions. The lessons that can be drawn from the experiences of those individuals who have had the misfortune of losing their investments to fraudsters are to be extremely cautious. Always consider every offer or investment for at least 48 hours before making a decision, a genuine broker will understand the caution that a new investor will view a proposition. All investments carry a risk and anything that promises a return on your initial investment seems to be significantly higher than normal it is almost certainly not to be trusted. Do not allow yourself to be hurried into a decision, it is highly unlikely that an authentic broker would try to rush you into an investment, especially if you demonstrated reluctance; their reputation would suffer by such behaviour. You can now recover all money lost to bitcoin, binary options, cryptocurrency, investment, scam by hiring any one of these Verified Wealth Recovery Experts. To recover money lost to binary options, forex, bitcoins, cryptocurrency, and investment, get all the information you need here; https://bitcoinbinaryoptionsreview.com/binary-options-uk-scammed-traders-fake-brokers-and-funds-recovery/
The Forex market is volatile and carries substantial risks. It is not the place to put any money that you cannot afford to lose, such as retirement funds, as you can lose most or all it very quickly. The CFTC has witnessed a sharp rise in Forex trading scams in recent years and wants to advise you on how to identify potential fraud. Signs of a Possible Fraudulent Sales Pitch
Lead you to believe you can profit from current news already known to the public.
Made through word of mouth referrals or emails from friends and relatives, members of community organizations, churches, or social groups.
Contacts you asking for personal information such as your name, phone number, and email and home addresses.
Promising that with Forex there is no “down-turning market”.
Watch for These Red Flags to Help Identify Foreign Currency Trading Scams
Promises that with Forex, there is no “bear” market
Firms that claim you can or should trade in the interbank market
Requests to send or transfer cash quickly via the Internet, by mail, or otherwise
Difficulty getting background information about the person and/or company
(To any moderator, I have anonymitised everything and made sure that it is according to rules of this subreddit,I wanna share this story so please let me know should further editing be required ! please Consider this person has likely stolen thousands and thousands of innocent people so i wanna spread awareness! So the other day (actually my birthday too :)) I found this account on IG, I saved him as Scumm in my phone but he claims to be an "Alex", hit him up if you wanna get rich it is a fiest. So i hit him up and be like:
[19:00, 23/09/2020] OP: Hello sir I am Tom, I read a lot of things about Forex and crypto and your page in particular and just inherited some money from a relative , I heard so many good things I thought you might help me invest some of that money so it is not lost? Kindly [19:08, 23/09/2020] Scumm: Ok [19:08, 23/09/2020] Scumm: Welcome [19:08, 23/09/2020] Scumm: Where are you from? [19:09, 23/09/2020] OP: Germany [19:09, 23/09/2020] Scumm: Ok Tom [19:09, 23/09/2020] Scumm: We specialise on Stock And cryptocurrency trading, with the sole aim of making awesome profit from the rapid changes in price of the assets and currencies we trade. We are group of professional market analysts that studies the market picking the best assets to invest on, and as well the best cryptocurrency pairs to trade on. We have mastered risk management and as well best possible strategy to maximize our clients Profits [19:10, 23/09/2020] Scumm: With the minimum investment of 1 BTC you can make 3.8BTC in a month [19:11, 23/09/2020] Scumm: If I may ask do you have a Bitcoin Wallet address?
Now you can see how this is a scam and no one should ever follow such ludicrous claims! 380% in a month, if sb knew how, they wouldnt share that ,not in this world, not in this century... So i amlike:
[19:15, 23/09/2020] OP: I'd be willing to invest even 2 bitcoin but I would need your company credentials and iban to send money to [19:19, 23/09/2020] Scumm: I can only provide you a US account to make payment [19:19, 23/09/2020] Scumm: This if gonna be possible [19:19, 23/09/2020] OP: Hmm I'll see maybe that works [19:19, 23/09/2020] OP: Easiest would be IBAN [19:19, 23/09/2020] OP: Your company does not have any European bank accounts? [19:19, 23/09/2020] Scumm: IBAN [19:20, 23/09/2020] Scumm: Mate I always follow procedures so I have not accept Transfer for deposit [19:20, 23/09/2020] Scumm: But I will see to that ok You see where this is going I want some info and make him believe he or one of his mules at least gets sweet sweet cash. NOT SO FAST [20:49, 23/09/2020] Scumm: I’m waiting on my Colleague to forward details to me now [20:49, 23/09/2020] Scumm: Ok so you are not sending today? [20:49, 23/09/2020] OP: Thank u so much [20:49, 23/09/2020] OP: I can try but I have to call bank [20:49, 23/09/2020] OP: For over 1000 [20:50, 23/09/2020] Scumm: Ok ok mate [20:50, 23/09/2020] Scumm: Good [21:08, 23/09/2020] Scumm: XXXXXX XXXXXXXX XXX Bank Account number: 8XXXXX0 Sort code: XXXX IBAN: GBXXXXXXXXXXXXXXXXXX [21:08, 23/09/2020] Scumm: Are you there Mate? [22:43, 23/09/2020] OP: Yes hi thank u so much [22:43, 23/09/2020] OP: Let me chdck [22:46, 23/09/2020] Scumm: Ok mate [22:53, 23/09/2020] Scumm: Are you trying to send it now mate?
Spinning it furtherly: I just tell some yada yada about how it takes time and a signature since its such a large sum!
[11:46, 24/09/2020] OP: Do you have license [11:46, 24/09/2020] Scumm: 25BTC too small for even my students 😂 /\SURE buddy! */* [11:46, 24/09/2020] OP: NASAA 67? [11:47, 24/09/2020] OP: For financial advisor [11:50, 24/09/2020] OP: This [11:50, 24/09/2020] OP: Sorry was upside down [11:50, 24/09/2020] OP: ? [11:51, 24/09/2020] Scumm: I’m an independent expert trader and portfolio management in crypto market [11:52, 24/09/2020] Scumm: License only met to give out from head of Admin [11:52, 24/09/2020] OP: Ah kk [11:52, 24/09/2020] Scumm: Yes mate [11:52, 24/09/2020] OP: But normally 67 and 68 is required [11:52, 24/09/2020] OP: For normal managers? [11:53, 24/09/2020] Scumm: Yes [11:55, 24/09/2020] Scumm: have no worries mate [11:55, 24/09/2020] Scumm: 100%
Now this is quite interesting NASAA 65 and 66 are licenses needed to be an account manager in the US so if he was he should know that i just made up 67 and 68!
[19:20, 24/09/2020] OP: Ill makethe first payment asap, but i cant make my bank go faster sorry [19:21, 24/09/2020] OP: howeverone thing: [19:21, 24/09/2020] OP: most of the moneyigotis still in USD isit possible u said invest and send to USbank too? [19:21, 24/09/2020] OP: for 20kUSD and above [19:22, 24/09/2020] OP: its hard for me topurhcase that much bitcoin on my own right now [19:22, 24/09/2020] OP: but i see that i can trust you! [19:22, 24/09/2020] Scumm: Mate ASAP you said you make payment today and you didn’t so I don’t know if you even sure about this yet [19:23, 24/09/2020] Scumm: I don’t get you please [19:23, 24/09/2020] Scumm: You mean you want your profit sent to a US bank? [19:24, 24/09/2020] Scumm: You have no worries about that mate [19:24, 24/09/2020] OP: I am [19:24, 24/09/2020] OP: I signed the paper mate I am so happy [19:24, 24/09/2020] OP: That's all they need I told u [19:24, 24/09/2020] OP: To make payments international so large [19:24, 24/09/2020] Scumm: Yeah you said that mate [19:24, 24/09/2020] OP: I am beeing honest as well [19:24, 24/09/2020] OP: So I sent it back by post Today [19:24, 24/09/2020] Scumm: Ok mate [19:25, 24/09/2020] OP: But I am not at my banks city so post takes 1-2 days and then they can release [19:25, 24/09/2020] OP: Sorry to keep u waiting [19:25, 24/09/2020] Scumm: Ok mate [19:25, 24/09/2020] Scumm: Oh I see [19:25, 24/09/2020] OP: No what I meant: if I wanna start with more can j invest 20k USD too? I know u usually don't do and j ask very weird questions but I meant [19:25, 24/09/2020] OP: I am not always home have pc etc but I am in contact with u and my bank [19:26, 24/09/2020] OP: So is it possible? Otherwise I have to convert USD to euro or GDP [19:26, 24/09/2020] OP: 40k is sill in USD I have [19:26, 24/09/2020] OP: That would be even crazier profits 🤑🤑🤑 [19:27, 24/09/2020] Scumm: Now I’m understanding SO NOW HE IS UNDERSTANDING good good, and almost ready to screw one of his US mules too: [21:00, 24/09/2020] Scumm: Ok mate [21:04, 24/09/2020] Scumm: Can they send from US to the IBAN account? [21:05, 24/09/2020] OGOP: Hm I don't know it's a bit tricky BC I'm no us citizen [21:05, 24/09/2020] OGOP: I have one iban authorised to cash all out in euro [21:05, 24/09/2020] Scumm: Ok ok mate [21:06, 24/09/2020] OP: And US I think right now [21:06, 24/09/2020] Scumm: Ok mate please hold [21:10, 24/09/2020] OP Sure man [21:11, 24/09/2020] OP: Uff such a huge step for me [21:11, 24/09/2020] OP: I hope u do it real good 🤑🤑🤑 [21:12, 24/09/2020] OP Do you have customers in US too? [21:12, 24/09/2020] Scumm: Bank name: Teachers Federal Credit Union Bank address: XXXXXXX Account holder: XXXXXXXXXXXXXX Account Holders address: XXXXXXXXXXXXXXXXX XXXX Routing Number: XXXXXXX Account number:XXXXXXXXXX [21:12, 24/09/2020] Scumm: Sure mate //SO HE CLAIMS TO HAVE SCAMMED US CITIZENS! [21:12, 24/09/2020] OP: Nice [21:12, 24/09/2020] Scumm: Please make sure you send confirmation immediately
So finally I did not send him payment proof,I sent him a spoofed link to fetch his IP with a link to "payment proof" and got his IP and location (cant showr a real link bc it has my IP in it...) And was like " oh hey how is the whether in Irele, Nigeria??" Needless to say he blocked me straight away after I called him a disgraceful sc*m but hey..... I still called the corresponding banks, the UK Fraud Action and the FBI just to make sure and shared all of the details without any editting :) Have fun "mate"! If they can freeze only 1 $ and return it to a likely victim, I am more then happy Cheers dont get scammed! Have a wonderful day! TL/DR: Scammed a Nigerian scammer into sending me real accounts, names and details in UK and US (mules) to forward to the police and may or may not have donated 500 to charity.
Forex, also known as Forex Exchange or FX Trading is the conversion of one currency into another. It includes all aspects of buying, selling and exchanging currencies at current prices. It is one of the most actively traded markets worldwide. You can engage in forex trading as a real business and make a real profits, but you must treat it as such. Your capital is at risk in trading. Forex trading is heavily monitored, and many Forex brokers are regulated by more than one authority. Forex Trading is legit and you can invest in a legitimate broker, as long as forex pyramid scheme doesn't exist. Sadly they do exist. Forex exchange has reached worldwide and due to its popularity, scams have been associated with trading forex. A Trading Experts said that some brokers are actually not very well regulated. That means the opportunity still exists for many forex scams that promise quick return of investments through "secret trading formulas," or "forex robots" that do the trading for you. You can help yourself avoid a bad broker by dealing with one that also handles stock market trades and it is regulated by the Securities and Exchange Commission (SEC.) The forex trade itself may be unregulated, a broker subject to SEC wouldn't probably risk its license for other securities by defrauding its forex customers.
Im a growing trader and i have a question, any help would be appreciated
I'm still a fairly new trader, I've with known about the markets for a few years but i only started lately with about approximately 6 months of consistently educating myself and teaching myself on all the different parts of trading, some parts I feel confident with while others might not be the best that I can be YET. a list of things i can say i understand would be fundamental analysis, technical analysis...to a certain extent (always room for improvement) indicators and various tools like the macd, momentum indicators, rsi, stochastic indicators, bollinger bands, etc, risk managment and protecting capital the meaning of certain candelstick patterns, diffrent markets like stocks, forex, commodities and dividend stock. i also learnt how not to fall for stupid internet scams. ive been trading with a demo account for the most of my learning period but i have traded with a live account too. I took a liking to the 4 hour timeframe and built my own trading plan from there onwards , i guess i just feel like my personality matches the 4h charts, but i use 1D 1H 30M also. I just want to be a succesful trader and improve my standard of life, buy myself a cozy house, fall in love, help my mother pay her bills, these regular things. I'm working on making enough money to fund my account since im only 19 With all i have already taught myself I cant help but feel like theres someting important that i am missing and have not stumbled into yet to teach myself or learn. Like what is the next step in my growth? i feel like i dont have all the pieces of the puzzle. what do you think it might be?
In this review, we are taking a look at a trading platform that is used by traders all around the world. BrokerXP offers a varied range of financial products with competitive fees and an easy-to-use trading interface. With advanced trading tools and charting features. BrokerXP Slogan
If trading fees are important to you, then BrokerXP has you covered. BrokerXP offers low spreads that are available to all customers. For forex traders, BrokerXP has no fees at all, this means that you can maximize profits when trading currency pairs. The broker also offers a guaranteed stop-loss order which Is when clients get their stop-loss order rate guaranteed when setting a risk threshold in their position. BrokerXP also offers a 200:1 leverage ratio, which means that for every $1 in your account, you control $200 in the market. So if you are trading and don’t have much capital, you can still generate significant income as your profits can be multiplied by 200x. However, if you are a beginner then it is not advised that you use leverage on your trades. As profits are multiplied, so are losses. Before leveraging, learn the basics and trade using a demo account as this can stop you from losing too much money when you start trading actual capital.
MT4 and BrokerXP have end-to-end encryption that secures trades and funds that are within the trading account itself. Imagine your trading account like a debit card, you wouldn’t put thousands of dollars in your debit card and leave it on a park bench. So when choosing what trading platform you want to go with, make sure that they take the security of your account and funds are serious as you do. To find more answers please watch this video https://www.youtube.com/watch?v=VyMdFz8Rh18
MetaTrader 4 is seen as the flagship trading platform, used by individual traders at home and large institutional investors alike. The platform is available on iPads, iPhones, Android phones, Android tablets, and just about any other web-enabled device. If you want to use the desktop version, instead of the web-app version, then you can download the desktop version and trade from the version. Once you’ve downloaded or loaded the platform, you can log in using your BrokerXP credentials. You can customize the charting interface, changing between light and dark mode, along with some other interface elements. Like with most online platforms, the security flaws come as a result of the customer not securing their side of things. This means that when you are trading, make sure to use long passwords that are difficult to guess and crack. Also, try and avoid trading on public computers as these can lead to your account being compromised. On MT4 you will notice some phrases on the trading interface, here is some explanation of what they mean. When you see the Symbol tab, this means that you can choose between markets. BrokerXP offers many different trading asset options. You can trade forex, gold, stocks indices, and more. The volume tab is where you decide on your trading size. When you see 1 lot, this is equal to 100,000 units of the base currency. The Type tab is where you decide on your trade execution mode, we advise that you stick to ‘instant execution’ as this will place a trade as soon as your press ‘buy’ or ‘sell’. If you set a ‘pending order’, then the platform will make the trade when the market opens back up. The forex market is open 24/7, so this execution method will rarely be available. Stop-loss is another term that you may see on the MT4 interface, this means that your trades are exited when your profits hit a predetermined point. Depending on what type of trader you are, the platform will offer you a specific set of charting timeframes that best suit you. For example, if you are day trading you may look at charts on a 10-minute timeframe. MT4 offers charting timeframes for 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, and 1 month. You can also set custom timeframes in case the standard ones are not suitable for your trading technique. Along with advanced timeframes, MT4 also offers 30 technical indicators such as the Elliot Wave indicator, Bollinger Bands, and pivot points, along with many more. There are also third-party add-ons that can be integrated with the platform in order to customize your interface further. Add-ons like Stealth Orders and Alarm Manager are two of the most popular addons. The first is an extension, Stealth Orders is designed to anonymize trades, with Alarm Manager helping coordinate alerts and notifications. With MT4, you can also create your own extensions using Java API, which is one of the platforms most advantageous features, as it can make everything unique.
BrokerXP Mobile Trading
The MetaTrader 4 mobile app is designed with the main focus being on ease-of-use. The mobile app is packaged with lots of research tools, advanced charts, and watch lists for scanning, with many more features. When using BrokerXP’s mobile trading app (MT4), the look and feel of the mobile app have the same appearance as the web version. This means that if you know to operate the web-based platform, then the mobile app will be easy for you to grasp. With charting, you are given the same charts that are offered on the web app. However, due to the mobile screen being smaller, carrying out advanced forex analysis may be more difficult on mobile devices. But for making orders, setting stop loss or checking basic tasks, the mobile app is more than capable of doing so. The main benefit of using the mobile app is that you can make trades on the go. You no longer have to be at your computer or office in order to set trades. Let’s say that you make a trade at home then go grocery shopping. Whilst you are out you realize that you didn’t set stop-loss in your rush and your pair is depreciating when you check. Now, you can use your mobile to exit a position immediately, you don’t need to wait until you get home.
BrokerXP Customer Service
BrokerXP has a great dedicated customer service team, they are very professional and offer solutions to all of the problems that you could present them with. If you are a new trader, then you may encounter some problems when trying to get to grips with a new trading platform, so BrokerXP offers extensive educational resources. These educational resources are designed to help people familiarise themselves with the platform and all of the financial assets that are available to be traded on the BrokerXP platform. The MT4 platform also has a customer support team that is able to deal with any questions or issues that you are having on the trading side of things. MT4 also has a community section for traders, where questions about trading can get answered. A community forum is a great place for you to get tips about trading and non-essential things that the customer support team may not need to answer. For customer service, you could read here and on this link. To conclude, BrokerXP is one of the best choices for financial asset trading available. Their low fees and advanced features make it perfect for beginners and pros alike. For more reviews, you should visit official reviews on the website, Trustpilot andSitejabber. We highly suggest visiting also on Patch following links for more info and updated news https://patch.com/california/los-angeles/calendaevent/20200929/898131/brokerxp-reviews-are-happening https://patch.com/california/los-angeles/classifieds/announcements/171418/brokerxp-is-having-own-reviews-in-pacific-palisades
Google is ready to ban binary option and cryptocurrency ads
Well, it’s about time, Google is next in line to pose a stiff challenge to the largely fraudulent online trading industry. The world’s largest search engine has just announced that it plans to ban all cryptocurrencies and binary options advertisements, and it is cracking down on ads for various other speculative financial products.
Say goodbye to binary options & cryptocurrency ads
The new rules, which are scheduled to take effect in June, will flat out ban adverts for binary options, cryptocurrencies and all related content (including initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice. Cryptocurrencies have surged in popularity over the last year thanks to a boom in the price of bitcoin towards the end of fiscal 2017. This coincided with a surge in initial coin offerings (ICOs), where numerous startups have issued their own cryptocurrency in exchange for money to construct their businesses.
Taking Facebook’s lead
Google’s hard-line approach follows a similar ban that Facebook enacted earlier in the year in banning cryptocurrency related advertising on its platform. Scott Spencer, Google’s Director of Sustainable Ads said in a recent blog post that the clampdown is part of Google’s efforts to shield consumers from online trading scams. However, much of the online trading world is unregulated, which in turn has attracted scammers looking to make quick money. Last year myriads of “pump and dump” filled the market, while this year bogus ICO projects have become routine.
Forex & CFD Crackdown
Google is additionally coming down on ads for contracts for difference (CFD), spread betting, and foreign exchange (forex) instruments on its platform. These products carry a high level of risk and the entire industry is under increasing regulatory scrutiny across Europe over the past year thanks to severe investment fraud sweeping through the continent. The UK’s Financial Conduct Authority (FCA) issued a warning in November that cryptocurrency CFDs are incredibly high-risk, speculative products that risk the investor suffering significant losses. Research conducted by the FCA showed 82% of people who use the products lose money, implying CFDs are more similar to gambling than investing.
Affiliate marketing for online trading takes a hit
Google additionally announced it is banning ads from affiliates and aggregators who traffic leads to online trading brokers. These websites earn a commission for referring new clients to these products that are lightly regulated. The search giant will require CFD, spread bet, and forex websites to register with it if they want to advertise on its platform and all brokers must be licensed in the country they are looking to advertise in.
Pressure getting to Google
Google’s financial marketing crackdown arises among continued pressure on the search giant, which additionally owns YouTube, regarding the way it runs its advertising procedure. Google has been heavily criticized by the media and politicians for permitting everything from radicalization to binary options trading on its advertising platform due to careless controlling of content and advertising. Spencer did state in his blog post that Google removed 3.2 billion “bad” ads last year and announced, “Improving the ads experience across the web, whether that’s removing harmful ads or intrusive ads, will continue to be a top priority for us.” We shall see. However, there is a pretty good chance that these fraudulent brokers will just simply change the name of their product in order to get around Google’s ban and deceive an unsuspecting user.
What you can do
If you are the victim of an HBC Broker scam be sure to send your complaint to [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process.
Immediate Edge Review, Is Immediate Edge SCAM Or Legit Trading App?
Immediate Edge Review: Is This Crypto Robot Legit or Scam Immediate Edge Review and investigation 20twenty. The Immediate Edge app is a crypto, forex and choices trading robot utilized by folks to automatically obtain and sell Bitcoin and create profits. Wanting at the website, many people claim it helped them move from rags-to-riches trading Bitcoin. Further, some claims linked it to Ronaldo and Sir Alex Ferguson https://preview.redd.it/rttn3i4hohm51.jpg?width=1280&format=pjpg&auto=webp&s=8f0dc345c3ace4032d571d44fabe356f13ff1a33 Is Immediate Edge app legit or scam? Whereas the claims of its linkage to the higher than celebrities are unverifiable, we tend to can verify that the app is not a scam and permits individuals to trade Bitcoin using the Fibonacci strategy with ten minutes time frames The app, that allows people to deposit at least $250 through mastercard and Sofort, scores 88% rate and a 5 stars as a real software Since there are several scam cryptos, forex and options brokers who trick individuals to depositing money, and then they run away with the funds, we have taken time to review this software to determine if it is real or a scam. Is Immediate Edge scam or legit High success rate is reported by users with this software. The Immediate Edge web site provides truthful claims about the service though it will not mean the crypto trading risks are eliminated with its use. Customers should start with the minimum investment and increase it when satisfied with the utilization of the app. Click the link to access Immediate Edge official web site or keep reading to understand more This software will not seem to be a scam and users report that it helped them make real money trading on it.b site What is Immediate Edge App? Immediate Edgecould be a robot or auto-trading software that allows folks to trade forex, crypto and binary choices. A user deploys the algorithm-primarily based bot, which relies on a trading strategy that's automatically executed on a broker trading platform once deployed. The strategy is coded or set like to permit the user to automatically get and sell crypto, stock or choices on the broker platform at favorable prices, to form profits. It can do automatic market analysis by analyzing a vast amount of knowledge from completely different sources, at intervals seconds and with high accuracy, then use the data to predict the costs. It can then come up with a transparent buy or sell tradable signal and then execute it automatically by shopping for and/or selling on the broker platform. The software can, therefore, save a trader thousands of manual hours and labor they might have spent analyzing information to form trading choices and to follow the markets and to position and close trades. You conjointly do not want to understand anything concerning crypto, stock or option trading to use this auto trading app, although it is suggested to possess this information to keep improving on trading. Trading bots will achieve high success rates of more than 90p.c and have been tested to work. You may be searching for Immediate Edge scam but the website can tell you that you can expect to earn between $950 and $a pair of,two hundred per day using the software but that depends on your expertise. As a newbie, you'll not start making that a lot of immediately and conjointly it depends on how a lot of you invest. With an investment of $250, you'll be able to expect to form a lot of lesser although some people claim to own made $12a pair of in a very few hours using this software. That will not mean Immediate Edge is error-free. There still is a heap of unpredictable high volatility in crypto and bots will make mistakes and errors to create losses. Auto trading robots are better employed in combination with manual trading strategies. https://preview.redd.it/1zkt9v3johm51.jpg?width=1280&format=pjpg&auto=webp&s=85f7e7f5d0e9d6b60b4a8a6e37bb344dbbb8305c Immediate Edge Review How will Immediate Edge work? All a user has to try and do is join up at the Immediate Edge web site, then deposit funds to have access to the robot, when which they can begin trading by switching on the bot. It will would like no control or intervention from humans, beyond beginning and stopping it. You additionally need to stay checking, daily, to observe the performance of the software in doing its job and ensure that it is earning any returns needless to say. From there, you can confirm whether or not to extend or decrease your investment towards crypto, options or stock trading using this robot. You'll be able to also monitor performance to be ready to regulate the trading settings from your dashboard and optimize totally different features of the trading bot for instance set amount of trades or amount to invest in every trade. Founder of Immediate Edge In line with the Immediate Edge website, this trading bot was founded by Edwin James. Reportedly, he created billions with forex, crypto, and binary options trading and still shares his strategies on the way to trade the assets on the app. He founded the app to create it potential for brand spanking new traders to create cash in less than 3 minutes of signing up. How to sign up on Immediate Edge: Registration: Registering or signing up on the website is free but to start trading, you want to deposit no less than $250. You discover a registration type on the top right of the page, on that you type in your email, full names and phone numbers and country code. Create a password to be used for logging in later. Deposit funds: Depositing funds allows you to connect to a robot broker and then you'll begin the bot to start out trading. You'll deposit with Visa, Wire Transfers, Klarna or Skrill. The currencies supported are Swiss Franc, British Pound, US Greenback, and Euro and using a credit or debit card limits deposits to less than $/£/€/?10,00zero in one day and $/£/€/?40,000 in an exceedingly month. Immediate Edgeisn’t licensed to handle your funds, it works with brokers to handle the cash once it's deposited. Demo trading: Relying on the broker you're connected to, you can begin to practice trading with the Immediate Edge software. Some brokers do not have this feature on their platforms. Still, with the latter, you can test their options before you deposit cash to try and do live trading. With the demo options, you'll be able to familiarize yourself with the trading house before beginning to use real money to trade. Trading: Before and when you've got switched on auto-trading, you would like to check the trading settings daily. You'll regulate some things including stop-loss orders and when to try to to them, amount to speculate per trade and how several trades to try to to per day. You'll be able to also choose that cryptocurrencies to trade, and you'll be able to select all the most in style ones together with Bitcoin and Ethereum. You also get to observe the profits/losses and decide if to continue and/or when to prevent. https://preview.redd.it/c9scw5fkohm51.jpg?width=1280&format=pjpg&auto=webp&s=3d127be2887c4c8960023a8cf1b1f55297dbf250 Withdrawals, user verification, cost of using the app and alternative options The payouts or withdrawals are made by filling letter of invitation type on the funds’ management page and it can take two operating days to replicate in your checking account. No fee is charged on withdrawals. You'll withdraw your cash including the capital while not a lot of problem on this app, that is better than several that don't enable withdrawals at any time While some bots need verifications by asking for your ID and statements, this one will not. You are done once uploading your payment details. The bot charges a commission on profit. Besides, you get twenty fouseven client support on Immediate Edge Immediate Edge may be a legit, secure, user-friendly trading application for crypto, stocks, and choices. It has a zealous customer service and reports a high success rate. Another smart robot we have recently reviewed is Bitcoin Professional We tend to hope that this review helped you to make a decision concerning this trading app. Additionally, subscribe to our web site to be invariably notified concerning new software from this industry. For live reviews subscribe to our Youtube Channel or FB Page. https://www.immediateedge.org/ https://www.facebook.com/immediateedge/ https://www.pinterest.co.uk/immediateedge/ https://twitter.com/EdgeImmediate https://www.instagram.com/immediateedge/
Hello. There have been both positive and negative comments about IM Academy. Some people believe it's a pyramid scheme while others believe it's the real deal. I'm here to give my thoughts on what I have experienced since joining IM Academy. Since day one, there has been nothing but support and motivation from every individual I have come in contact with. In our group, we have over 2000 members. I am learning A LOT about FOREX, HFX, DCX, how to be an IBO (Independent Business Owner) and more! Do they promote? YES, they do promote the EDUCATION, the SKILL SET, the TRAININGS, the WEBINARS, SUPPORTING not just your team, but others, they promote having a positive MIND SET and reaching out to your MENTORS! They encourage you to inform others of these opportunities in the same way you would inform others of your favorite TV Show, restaurant, sports team, your favorite drink, etc. Do you HAVE to inform others of this life changing skill set that can possibly enhance not only your finances, but your way of life? NO, you do NOT HAVE to say one word about it. The only difference between them encouraging you to tell others about the Academy, the MILLIONAIRE skills you LEARN as you EARN vs. talking about your favorite eatery is that in doing so you have the opportunity to gain residual income. For those who do not know what Residual Income is: simply put, you are able to have an additional stream of income. Who would not want to have an additional stream of income just by simply telling others what you do and they decide to join your team? All you are doing is telling someone about the opportunity to join IM Academy to learn the same skills used by Millionaires! It's up them to decide if they would like to take advantage of the opportunity or not. There are several individuals who are making 6, 7 and even 8 figures by using the skill set and/or telling someone else of this opportunity. Some of these individuals are just like you and me and some are the Educators which we do have over 100 of. They offer LIVE TRAININGS where you can ask them questions right then and there if need be. I have read some comments about how you can find this information on YouTube or other online platforms. Maybe you can, BUT it will NOT be well put together, it may not be as accurate and will you have access to Mentors including Millionaire mentors whenever you need help with something like you do with IM Academy? I've also heard people have said, if you only invest $50 into your account once you get started, it will be gone in no time. More than likely, people who make these comments did NOT attend the trainings and they did NOT use proper risk management. We have SEVERAL trainings through the week and one of the most important training is called the TRADING Plan! This plan teaches you exactly how NOT to over leverage your account. It also teaches you how much to risk for your account size, knowing this will let you know how many trades per a day you can take. If you do exactly what you are taught, your account will not go negative and you would not be posting angry comments about how IM Academy is not what it says it is. Not only do we have trainings by our peers that teach you this, but we also learn this in the Academy Education with the Educators. Simple Run Down: Have you ever opened a Bank Account and they had you filled out all these forms that had a bunch of big fancy terminology on them? Well, that fancy terminology means, you are agreeing to allow the banks to invest YOUR money for you. In turn they give you 1% or LESS within a certain amount of MONTHS or even YEARS! You see, what they are doing is investing YOUR money in the FOREX market. They basically flip YOUR funds into profit within a matter of a few days to a few MINUTES and give you the PENNIES of what they made from YOUR money. Did you know according toglassdoor.com, the national average for a FOREX Trader at a BANK makes around $92,327 a year. To most people that is a LOT of money, but what if I told you they have actually learned a skill that can allow them to make that in a MONTH or LESS? How would YOU like to learn how to do the SAME THING! This is a financially life changing skill that you can learn to possibly have a better life! You Do NOT need to have experience. You DO NOT need to talk to other people to join YOUR team. This is NOT a SCAM, it is not a GET RICH QUICK solution, but you can become wealthy if you learn and put those skills to use. ANYONE can do this! I do NOT care if you did not graduate High School, if you are a Janitorial Custodian, an Exotic Dancer or a Multi-Millionaire who is looking to gain even more income. You are NOT ALONE with IM Academy. WE are in this together! What is FOREX? It is simple the Foreign Exchange Market. It is much bigger than the Stock Market, as FOREX is worldwide and trades over $5 Trillion daily! Yes, you read that right, over $5 TRILLION daily! I think there is enough for you to get a piece of the pie. What is HFX? HFX stands for High Frequency Forex also known as Binary Options. You can buy and sell within a matter of minutes. Which means you can gain profits or lose within 1 to 30 minutes on average. YES, that's right! You do have the possibility of increasing your funds with HFX in as little as 1 minute! BUT, DISCLAIMER: We do NOT recommend you doing this type of trade on your own. With our Academy we have highly skilled Educators who will teach you THEIR technique. Yes, that's right, we have Millionaire Educators who created their own program and will teach you how to use it in order to get significant profits with HFX. What is DCX? DCX is Cryptocurrency, such as your Bitcoin, Litecoin, Ethereum, Ripple and more! Remember, the guy who purchased a home with Bitcoin several years ago? Well, today it's becoming a lot more popular. People are able to purchase several types of assets using Cryptocurrency, especially since over 10,000 retailers are now accepting Cryptocurrency as payment. Oh, did I forget to mention The Federal Reserve Bank of Boston is working with the Massachusetts Institute of Technology (MIT) to develop a "hypothetical" digital currency platform. Now, ask yourself, why would the Federal Reserve Bank "hypothetically" create a digital currency platform? Why would they "hypothetical" spend MILLIONS of dollars in creating a "hypothetical" anything? Bottom line for me is, our world has and is continuing to change. When I was a child, I only saw self driving cars, smart homes, weird types of currencies being used in movies. Look around, what do you see in real life today? I am not trying to convince you to join me and my team so that I can have residual income. I am giving you vital information to possible help secure your future. FOREX is exchanging over $5 Trillion dollars EVERY SINGLE DAY! Me, YOU, YOUR families, YOUR friends have the opportunity to get in NOW on skills that eventually everyone will have to learn at some point in their lives. You might as well do it NOW, go at your own pace, so you do NOT have to rush to figure it out later. I sure hope this answered your questions. If you have more questions or would like to know more information, PLEASE respond to me here or send me an e-mail, [email protected].
A binary option is a financial option wherein the payoff is particular fixed money or nothing at all. There are mainly two types of binary options cash-or-nothing and asset-or-nothing binary options. The cash-or-nothing binary option pays some fixed amount of cash if the option expires “in the money.” The asset-or-nothing binary option, however, only pays the value of the underlying securities. This option makes many people quickly lose money trading binary options. So what happens when you have lost money trading binary options? Recover from Binary Options How to Recover from Binary Options Lost or Scam with a Verified Recovery Expert. Have you been enticed to get entangled in trading binary options? Have you had any bad experience with binary options? Are you a victim of the famous binary options scam? “How do you recover from binary options scam?” It happens to lots of people, even professional, educated people and the elite. If you get swindled, the first thing to do is not to beat yourself up over it but act fast. More importantly, suicide is not an option, and we can always heal and recover from our loses once there is life. An unfortunate story of an Australian man who got himself entangled in binary options lost a lot of money and had the third mortgage on his house with a lot of other debts. And then he ended his life. There are a lot of somber stories of people who have lost it all to binary options and have no clue how to recover from binary options schemes and fake brokers. Firstly it goes without saying, it’s better to prevent, investigating the business and doing background checks is very necessary before any investment. Here are some tips to help you.
When investing, do proper research and make sure the broker you are working with has an appropriate regulation and licenses like ASIC, FCA, CySEC, CFTC, BaFIN, or other government regulators.
Always make sure you don’t invest all of your money.
Get wealthy quick programs are bound to lose more money, don’t fall for investments of such.
Learn and do more research about the financial option you are planning to invest.
Listening to your broker is another mistake, as they have lost peoples money in many instances, the reverse of a brokers advice might be doing you better.
Check out the platform and use all their demo till you are skilled and never agree to add funds in a rush.
A lot of people have their first experience with binary options through a scam. Binary options trading scams are widespread, and recovering from binary options schemes might be very hard but not impossible. The binary options industry is steadily misused, and many scammers and thieves get away with a lot due to slack regulatory laws, shallow knowledge and negligence of victims. There are fake review websites that support and endorse these scams, so for a person with no trading experience, it is almost impossible to find the right path. A lot of people are getting duped and losing their money to these schemes. They have assured an income, but in actuality, they take their money and lose it deliberately. https://preview.redd.it/y9y274olp2j51.png?width=601&format=png&auto=webp&s=7e2f7c4667ae31cc5011c6a88713b111e14575b0 What to do if Scammed by Binary Options? The web has a lot of fraudulent binary options brokers. So once you realize you have been a victim of the scam, don’t panic! You will most likely go through guilting yourself and emotional distress. Your first step is to file a complaint to the customer services team. Always remember the risks involves in the trades, you can lose money as well as gain as much too. If you lose money or get scammed, you will be reminded of the risks. Documenting all that has happened is very important. The world would be better if we did not have thieves and people who create scams aiming to steal from us. The best move anyone can make is to educate themselves about possible scams and the way they work because they are everywhere and to be intelligent in the decisions made by them and the information they provide. These Con artists have found binary options a simple system to use their system to strip the money of unsuspecting casualties. This write-up will focus on educating you, on binary options scams and binary options scammers. If you have ever lost money to binary options, check for links below to hire a recovery organization to help you get your money back. Binary options investing can be an excellent way to make more money without having to do much, but when you are dealing with the wrong people, it can be a quick way to lose a massive amount of money. We believe when you are done reading this article, you will be able to determine the differences between reliable binary options systems and the scam artists. Don’t forget that you must file a complaint to customer services of the respective platform you used, and it is the first thing to do when you feel spooked. All regulatory bodies have their procedure and steps, and they will also ask if you have filed a complaint. In few countries, it is required legally that the company gives you a case number which you can then use to file a complaint to securities and exchange commission. It is also essential contacting your credit card company and bank fast so they can provide solutions such as chargeback for you. If you find that you get stranded and need help then get it to contact with a recovery expert, and your best bet is Assured Recover. They will undoubtedly be able to help recover all lost funds. Also, be very careful with recovery rooms as they can even scam you as an easy vulnerable target. Recover Losses made to Binary Options with Verified Recovery Experts. A few recovery companies that focus on lost funds and wealth recovery internationally. Some legitimate companies also claim they can help, but since there isn’t much of a right side to this, they usually fall short of their promise and client’s expectations. Some chargeback companies offer a service to help, and some may be able to help. A significant number of people who have lost money to fake binary options companies like IQ options, VIPBinary, 24option, and other fraudulent binary options trading platforms/companies that have bad reviews and been accused of scams. Assured Recover has successfully helped customers who were scammed and to get their money back. Here is a testimony how Assured Recover helped someone who got scammed by Trade Toro. One wouldn’t think much of this, all I wanted to do was invest and be part of it, but the brokers weren’t truthful. They collected money from all in the name of investment, and when it was time to withdraw, I realized I couldn’t. At the time was when it occurred to me, I had been duped. I consider myself to be one of the very few privileged ones as I was able to get all recovered from this scam Binary options brokers. Assured Recover is simply the best, and in less than 30 days all my funds including bonuses had been recovered, If your broker lost your funds trading Binary options, one of these verified recovery experts will help you get your funds back without any traces. I’m pleased to let people know how I was able to recover part the money that I got cheated by Trade Toro, and I’d like to write in favor of Assured Recover. Assured Recover is your best bet when it comes to binary options recovery. Binary options trading scams will make you lose money and also make you blame yourself for not being more careful. These Verified Recovery Experts offer binary options loss recovery service to everyone in need of such services. Here is the link to the original article, and how to recover money lost to binary options, forex, cryptocurrency etc.
Binary Options Review; Best Binary Options Brokers
Binary Options Review; Best Binary Options Brokers We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria. You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account. How to Compare Brokers and Platforms In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
What is the Minimum Deposit? (These range from $5 or $10 up to $250)
Are they regulated or licensed, and with which regulator?
Can I open a Demo Account?
Is there a signals service, and is it free?
Can I trade on my mobile phone and is there a mobile app?
Is there a Bonus available for new trader accounts? What are the Terms and
Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
How much is the minimum trade size or amount?
What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
Do they operate a Robot or offer automated trading software?
What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option. Regulators - Leading regulatory bodies include:
CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
FCA – Financial Conduct Authority (UK)
CFTC – Commodity Futures Trading Commission (US)
FSB – Financial Services Board (South Africa)
ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort. Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner. Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read. It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus. Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down. How to Find the Right Broker But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers. Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market. Why Use a Binary Options Trading Review? So, why is all this relevant? As you may already know, it is difficult to fully control things that take place online. There are people who only pose as binary options brokers in order to scam you and disappear with your money. True, most of the brokers we encounter turn out to be legit, but why take unnecessary risks? Just let us do our job and then check out the results before making any major decisions. All our investigations regarding brokers’ reliability can be seen if you click on our Scam Tab, so give it a go and see how we operate. More detailed scam reports than these are simply impossible to find. However, the most important part of this website can be found if you go to our Brokers Tab. There you can find extensive analyses of numerous binary options brokers irrespective of your trading strategy. Each company is represented with an all-encompassing review and several other articles dealing with various aspects of their offer. A list containing the very best choices will appear on your screen as you enter our website whose intuitive design will allow you to access all the most important information in real-time. We will explain minimum deposits, money withdrawals, bonuses, trading platforms, and many more topics down to the smallest detail. Rest assured, this amount of high-quality content dedicated exclusively to trading cannot be found anywhere else. Therefore, visiting us before making any important decisions regarding this type of trading is the best thing to do. CONCLUSION: Stay ahead of the market, and recover from all kinds of binary options trading loss, including market losses in bitcoin, cryptocurrency, and forex markets too. Send your request via email to - [email protected]
Those involved in forex scams, money scams and general trading scams are always trying to find new and innovative ways to take advantage of new traders. However, there are three major types of forex scams that people commonly fall victim to. Below we will explain how these work, as understanding them is the first step in avoiding them. How to Avoid Forex Trading Scams in 2020; Forex markets trade trillions of dollars a day. Traders around the globe are always looking for the best broker to trade forex, CFDs, binary options, stocks, cryptocurrencies, etc. With new forex brokers popping up constantly, determining the legitimacy of a broker can be a real challenge. As a consumer, it is vital to research a company before ... Forex trading takes place 24 hours a day, 5 days a week. But unlike the stock trading market, which has a multitude of stock options to buy and sell, you only have a limited number of currency ... Forex Scam Brokers List. The number of forex scams you can find with just a straightforward search on Google is shocking. There are plenty of forex trading scams criminals out there who wait for novice traders so that they can defraud them. In a market where over $5 trillion moves daily, there are bound to be people who want to take advantage of honest traders. Risks and Scams Kenyan Investors Should Watch Out for While Trading Forex Online. By. Editorial - 30th October 2020. Facebook. WhatsApp. Telegram. Linkedin. Twitter . Email. Pinterest. Online trading has surged to record highs since the start of 2020 due to the volatility & uncertainty in the markets caused by Covid-19 as thousands of new speculative investors turned to markets in the hope to ... Online Forex trading scams sprung up as a direct result of the collapse of the binary options trading industry. In the beginning of the 21st century, the internet became a hotspot for binary ... The foreign exchange (forex) market is huge, with an average daily trading volume of more than $5 trillion, including currency futures and options. It's also not very well regulated. That means the opportunity still exists for many forex scams that promise quick fortunes through "secret trading formulas," algorithm-based "proprietary" trading methodologies, or "forex robots" that do the ...
Is Forex Trading a SCAM or Not? (TRUTH REVEALED!) - YouTube
Is Forex Trading a Scam? http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! I sometimes get... Money Monday’s with Siboniso Mtshali I'm going to let you know whether forex trading is scam or not. There are a lot of scam forex brokers, scam forex traders and also forex scams. But there are... Trading Fx today and the risks that come with it. ... strategies that work for you and warn you of the pitfalls of useless and scam education. He has been in the education field now for 7 Years ... Here are the Top 5 Risks of CFD Trading and most importantly, how to reduce your trading risks. There is no doubt that trading CFDs and Forex is more risky t... www.forexgurukul.com www.fb.com/fxgurukul [email protected] In this Video Edward Ji gives an insight into the Scams that are common in the trading world... Please don't join any Forex Groups Follow me on Instagram • https://www.Instagram.com/itslova All updates on Twitter • https://www.twitter.com/itslova In this video I tackle the main question asked by viewers, is Warrior Trading a scam? I also answer some of the questions & comments from my previous video shar... Also, check out my Ranger EA V2! https://www.BestFreeForexEA.com https://www.instagram.com/ryanbrownforex/ ---Disclaimer--- I am not a registered financial a... Check Mark's Premium Course: https://price-action-trading.teachable.com/ 📞 Join Mark's TradersMastermind: https://www.tradersmastermind.com/mastermind Pl...