Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[PANDA:BEAR..]

Is money an issue for people on the site?  Regarding surgery....?
Are there any fx traders on the site ?

[..]

Forex trading isn't sustainable. I suggest you invest in stocks Warren Buffet's way.

[0184946]

Forex trading isn't sustainable. I suggest you invest in stocks Warren Buffet's way.

If you know what your doing it most certainly is

[shottrue]

Forex trading isn't sustainable. I suggest you invest in stocks Warren Buffet's way.

He has a good methodology but it's quite slow.
Btw guys altcoins are in a bull market, could be high potential

[soitchi]

He has a good methodology but it's quite slow.
Btw guys altcoins are in a bull market, could be high potential

as much as I don't like most posters here, nobody needs to lose money because they're desperate for money to do this surgery so you might want to let people know to do their due diligence.

Also take @Bruce Wayne's post with a grain of salt, the boy doesn't have the capital to get this surgery for years and claims the Indonesian Stock Market can net him 100% his investment a year (search his post history, it's there), preaches about Buffet while Buffet and top investors take 10-20% a year. Clearly he's bullshíttìńg, he's most likely playing around with a tiny account with a no commission broker if he even has a trading account.

[Kenda]

as much as I don't like most posters here, nobody needs to lose money because they're desperate for money to do this surgery so you might want to let people know to do their due diligence.

Also take @Bruce Wayne's post with a grain of salt, the boy doesn't have the capital to get this surgery for years and claims the Indonesian Stock Market can net him 100% his investment a year (search his post history, it's there), preaches about Buffet while Buffet and top investors take 10-20% a year. Clearly he's bullshíttìńg, he's most likely playing around with a tiny account with a no commission broker if he even has a trading account.

Wait so i dont know about these other stock markets
But ive seen tons of people showing how they turn 1k to 10k via forex and bitcoin
Actually some of them offered to trade for me, i have zero knowledge about trading and it seems like extremely hard & complicated, should i let someone who keeps winning trade for me?
I talked to a guy from toronto and he claims he made tons of money or whatever and he has screenshots and he told me he can turn 1k to 10 in a couple of weeks , like someone tell me is this a fraud? Is the only way to trade is to learn it ? Will the guy run with all my money? *I need answers and from ppl who know what they’re talkin about*

[tiggy]

Wait so i dont know about these other stock markets
But ive seen tons of people showing how they turn 1k to 10k via forex and bitcoin
Actually some of them offered to trade for me, i have zero knowledge about trading and it seems like extremely hard & complicated, should i let someone who keeps winning trade for me?
I talked to a guy from toronto and he claims he made tons of money or whatever and he has screenshots and he told me he can turn 1k to 10 in a couple of weeks , like someone tell me is this a fraud? Is the only way to trade is to learn it ? Will the guy run with all my money? *I need answers and from ppl who know what they’re talkin about*

Hi Kenda,

Yes it is fraud, please do not let anyone other than a licensed investment manager trade on your behalf. This bitcoin stupidity has spread like a disease and gullible people who have no/slight knowledge of the markets in general are taken advantage of. I am not a licensed investment professional just yet. I run my own portfolio and plan to open my own hedge fund within a couple of years. There is no "get rich quick" way in true investing. People who promise you riches in short periods of time are scammers. The only way to "get rich quick" is to steal other people's money by promising them riches. If you have funds to invest and have no knowledge of the markets, you can open an investment account and hire a professional. My advice, as a student of Buffett/Munger, is to open an account and buy into an S&P 500 index fund. You can go to Vanguard and open an account there. This way you buy into the best 500 US companies and your money will grow with the general market (give or take about 9% a year). This is one of the safest ways to invest, especially if you don't have much funds to invest with. Investing is a slow process. What others may promise you is more likely a gamble. If you don't mind gambling, then by all means do what you believe is right. But the above advice is one of the most sound ones you can receive in this industry. If you have other questions, please don't hesitate to ask. I rather that you (and others like you) ask first instead of throwing money away at scumbags. I applaud your intellect to actually recognize your weaknesses (I.e no knowledge in investing) and seek advice from those who know more. Hope this helps you. Be well.

[soitchi]

Wait so i dont know about these other stock markets
But ive seen tons of people showing how they turn 1k to 10k via forex and bitcoin
Actually some of them offered to trade for me, i have zero knowledge about trading and it seems like extremely hard & complicated, should i let someone who keeps winning trade for me?
I talked to a guy from toronto and he claims he made tons of money or whatever and he has screenshots and he told me he can turn 1k to 10 in a couple of weeks , like someone tell me is this a fraud? Is the only way to trade is to learn it ? Will the guy run with all my money? *I need answers and from ppl who know what they’re talkin about*

Like @tiggy said, with zero knowledge it's basically gambling, you're walking into a casino not knowing how to play any of the games or what the rules are, no plan, no strategy. If I had someone to trade for me, I don't care if they're licensed or not, if they make however many millions a year, I want to know everything about them before I hand over my money. Gekko said information is the most valuable commodity. So if you want to learn to trade or invest go and learn, it's free but at the same time a professor once told me anyone can write a book, or make a video so...do your due diligence on your sources, you might want to get into the habit of it lol

[shottrue]

Hi Kenda,

Yes it is fraud, please do not let anyone other than a licensed investment manager trade on your behalf. This bitcoin stupidity has spread like a disease and gullible people who have no/slight knowledge of the markets in general are taken advantage of. I am not a licensed investment professional just yet. I run my own portfolio and plan to open my own hedge fund within a couple of years. There is no "get rich quick" way in true investing. People who promise you riches in short periods of time are scammers. The only way to "get rich quick" is to steal other people's money by promising them riches. If you have funds to invest and have no knowledge of the markets, you can open an investment account and hire a professional. My advice, as a student of Buffett/Munger, is to open an account and buy into an S&P 500 index fund. You can go to Vanguard and open an account there. This way you buy into the best 500 US companies and your money will grow with the general market (give or take about 9% a year). This is one of the safest ways to invest, especially if you don't have much funds to invest with. Investing is a slow process. What others may promise you is more likely a gamble. If you don't mind gambling, then by all means do what you believe is right. But the above advice is one of the most sound ones you can receive in this industry. If you have other questions, please don't hesitate to ask. I rather that you (and others like you) ask first instead of throwing money away at scumbags. I applaud your intellect to actually recognize your weaknesses (I.e no knowledge in investing) and seek advice from those who know more. Hope this helps you. Be well.

Since the last bull market began in March 2009, the S&P 500 has climbed roughly 300 percent, rising from approximately 667 to nearly 2,700, Google Finance data shows.

Bitcoin has been around for far less time, but it has generated immense returns nonetheless. The digital currency came into existence in January 2009.

While price data for bitcoin’s early days are scarce, we do know that the currency’s price has risen from $0.05 to a peak of $19,783 in December 2017, according to the CoinDesk Bitcoin Price Index (BPI). This represents an increase of more than 39,000,000 percent.

300 % vs 39,000 % increase in price since 2009. Yeah bitcoin was so bad to invest in. It's so bad that our President tweeted about it yesterday, and major banks or corporations like Facebook are making their own digital currency.
Good luck moving glacially

[tiggy]

Since the last bull market began in March 2009, the S&P 500 has climbed roughly 300 percent, rising from approximately 667 to nearly 2,700, Google Finance data shows.

Bitcoin has been around for far less time, but it has generated immense returns nonetheless. The digital currency came into existence in January 2009.

While price data for bitcoin’s early days are scarce, we do know that the currency’s price has risen from $0.05 to a peak of $19,783 in December 2017, according to the CoinDesk Bitcoin Price Index (BPI). This represents an increase of more than 39,000,000 percent.

300 % vs 39,000 % increase in price since 2009. Yeah bitcoin was so bad to invest in. It's so bad that our President tweeted about it yesterday, and major banks or corporations like Facebook are making their own digital currency.
Good luck moving glacially

I am more comfortable "moving glacially" than risking loss of principal on a digital currency that has no inherent value in and of itself. It's value is derived solely from what someone else  willing to pay for it. That is NOT investing, it is gambling. The same principal applies to works of art, or other things people collect. These things do not generate cash, they simply sit there until someone else comes along who wants to pay more and thus increases its price on the market. But since you are such an authority on investing and can easily google returns of S&P 500 vs  your bitcoin, why don't you post bitcoins financial statement so we could all see how well it generates cash? You can't because it does not exist. If Facebook for example began to create digital currency, that would be completely different from bitcoin. This is because Facebook has inherent value in and of itself, and the currency it develops will be part of that cash generating machine. I'm not saying that there is no chance that bitcoin or others like it won't increase by another 1000000% (you can always add more zeros to this in your imaginary world), but it still doesn't change the fact that putting money into it is nothing more than gambling. "Investing" is a different concept, it is the concept I described above. Please don't quote what I say and list statistics that do not disprove what I said in the slightest. I won't be commenting to this thread further, I am not in the habit of educating those who don't wish to recognize the flaws in their logical reasoning skill (of which admittedly you seem to have very little). Kenda asked for advice and got it. The rest is up to him/her, and you are welcome to have your opinion. Good luck Kenda.

[Kenda]

Thank you so much Tiggy for warning me.
Its just so crazy to see all these people promoting making 6 figures a month in forex & the guy that told me he'll trade for me said i can invest 200$ and ill have the liability to withdraw funds,and send him 50% of profit, i dont believe him much, but i also dont know how can he steal my money...

Do you know what PAMM accounts are in forex? its like a group of ppl who dont know how to trade leave it up to a person to trade for them & give share , is that a scam too or are there international trusted places to sign up for that?
the thing with forex is that its so fast, one doesnt have to wait years to make money, it seems like a very fast process and income is generated majorly in a month or less, ofcourse for pros.

[Kenda]

Like @tiggy said, with zero knowledge it's basically gambling, you're walking into a casino not knowing how to play any of the games or what the rules are, no plan, no strategy. If I had someone to trade for me, I don't care if they're licensed or not, if they make however many millions a year, I want to know everything about them before I hand over my money. Gekko said information is the most valuable commodity. So if you want to learn to trade or invest go and learn, it's free but at the same time a professor once told me anyone can write a book, or make a video so...do your due diligence on your sources, you might want to get into the habit of it lol

Mmmm, but sorry for the question, most people who offer to trade ask for the following, me to open an account in a broker, then put the amount i want to invest lets say 200$ , then give him account password to Trade for me, but he mentions he cant withdraw funds, so he cant steal the money.....and he"ll trade using his experience and i should then send him his 50% share via bitcoin or sth like that, seems like the risk i see is him blowing all the money away....dont know what else.....

[tiggy]

Thank you so much Tiggy for warning me.
Its just so crazy to see all these people promoting making 6 figures a month in forex & the guy that told me he'll trade for me said i can invest 200$ and ill have the liability to withdraw funds,and send him 50% of profit, i dont believe him much, but i also dont know how can he steal my money...

Do you know what PAMM accounts are in forex? its like a group of ppl who dont know how to trade leave it up to a person to trade for them & give share , is that a scam too or are there international trusted places to sign up for that?
the thing with forex is that its so fast, one doesnt have to wait years to make money, it seems like a very fast process and income is generated majorly in a month or less, ofcourse for pros.

Forex and bitcoin are totally different things. I was talking about bitcoin. Forex is the avenue by which currencies are exchanged. I am not a trader and can't give you specific advice on currency trading, since I don't do that myself. However, the chance of you turning your $200 into any major amount (while paying this person a 50% commission) is very very slim (in my opinion practically none). Whatever you do, please do not put in any amount you are not willing to lose. This is lesson number 1 in anything that is money related. Second, if you choose to participate via a 3rd party trader, please do more research on who this person is (whether he is trading as part of a firm or on his own) and perhaps ask about his strategy and the returns he has generated for his clients in the past. The 50% commission seems very very high to me (even despite my severely limited knowledge of currency trading). If you are serious about currency trading and let's say you have a few thousand $ to put in (again assuming you will not be financially devastated if you lose the money) then do some research as to what's available in the market. You may find other trading firms that take less commission and that have similar or better results than this trader you speak of. Always perform your own individual research so that you don't feel guilty and duped later if things don't work out the way you had hoped. Sorry that I can't be of more help regarding currency trading, perhaps other members here can give you better  recommendations.

[soitchi]

Mmmm, but sorry for the question, most people who offer to trade ask for the following, me to open an account in a broker, then put the amount i want to invest lets say 200$ , then give him account password to Trade for me, but he mentions he cant withdraw funds, so he cant steal the money.....and he"ll trade using his experience and i should then send him his 50% share via bitcoin or sth like that, seems like the risk i see is him blowing all the money away....dont know what else.....

If your trader is in the US, you only get 50x leverage so with $200 and giving up 50% profits, you'll get about 45 cents a pip on EURUSD for example, some pairs a lot less. If you put $200 into Forex, you may as well play around with it yourself and learn.

Since the last bull market began in March 2009, the S&P 500 has climbed roughly 300 percent, rising from approximately 667 to nearly 2,700, Google Finance data shows.

Bitcoin has been around for far less time, but it has generated immense returns nonetheless. The digital currency came into existence in January 2009.

While price data for bitcoin’s early days are scarce, we do know that the currency’s price has risen from $0.05 to a peak of $19,783 in December 2017, according to the CoinDesk Bitcoin Price Index (BPI). This represents an increase of more than 39,000,000 percent.

300 % vs 39,000 % increase in price since 2009. Yeah bitcoin was so bad to invest in. It's so bad that our President tweeted about it yesterday, and major banks or corporations like Facebook are making their own digital currency.
Good luck moving glacially

Can you show me actual fundamentals and technicals to suggest why anyone should invest in it though? Because it can't possible drop over 70% again right? How do you know bitcoin isn't massively overbought and overvalued? Give me one good reason to hold bitcoin overnight. Hot hands, FOMO and greed is all I see, bet you haven't even considered when to exit your positions because you and most other bitcoin holders are thinking about higher highs that may never happen because, oh, there just isn't enough information to suggest it will. Are you going to panic sell if another crash happens and suck it up and take a small profit? Are you going to hold hoping for higher highs but still end up panic selling at a loss? Or do you not even consider bitcoin dropping?

@tiggy won't need luck, he'll move glacially nicely and safely if he did his due diligence and diversify. If you think 39,000% over a decade is impressive, I can tell you about day traders who's made more than that in far less time, but what's the point if your investment isn't as big? I'll take a million making 300% over a bitcoin at it's cheapest to ATH. Only if you held about 150 bitcoins would be even with that portfolio. At the end of the day it's all about risk management and based on the way you talk about bitcoin shows how much you actually know about investing or trading. Good luck to your bitcoin positions and do yourself a favor and plan an exit strategy incase things don't go the way you imagined it in your head.

[soitchi]

Thank you so much Tiggy for warning me.
Its just so crazy to see all these people promoting making 6 figures a month in forex & the guy that told me he'll trade for me said i can invest 200$ and ill have the liability to withdraw funds,and send him 50% of profit, i dont believe him much, but i also dont know how can he steal my money...

Do you know what PAMM accounts are in forex? its like a group of ppl who dont know how to trade leave it up to a person to trade for them & give share , is that a scam too or are there international trusted places to sign up for that?
the thing with forex is that its so fast, one doesnt have to wait years to make money, it seems like a very fast process and income is generated majorly in a month or less, ofcourse for pros.

I find Forex slow and I doubt anyone who can make 6 figures on Forex would trade another person's money if all they're bringing to the table is $200. And to make that much a month on Forex, you'd probably need several big accounts.

[Kenda]

Forex and bitcoin are totally different things. I was talking about bitcoin. Forex is the avenue by which currencies are exchanged. I am not a trader and can't give you specific advice on currency trading, since I don't do that myself. However, the chance of you turning your $200 into any major amount (while paying this person a 50% commission) is very very slim (in my opinion practically none). Whatever you do, please do not put in any amount you are not willing to lose. This is lesson number 1 in anything that is money related. Second, if you choose to participate via a 3rd party trader, please do more research on who this person is (whether he is trading as part of a firm or on his own) and perhaps ask about his strategy and the returns he has generated for his clients in the past. The 50% commission seems very very high to me (even despite my severely limited knowledge of currency trading). If you are serious about currency trading and let's say you have a few thousand $ to put in (again assuming you will not be financially devastated if you lose the money) then do some research as to what's available in the market. You may find other trading firms that take less commission and that have similar or better results than this trader you speak of. Always perform your own individual research so that you don't feel guilty and duped later if things don't work out the way you had hoped. Sorry that I can't be of more help regarding currency trading, perhaps other members here can give you better  recommendations.

Yeah i also thought 50% is alot! But he knows i cant trade, and dont wanna copy paste him because i dont even know how, so he would do it all....but again he may or may not scam me, so thats why i said 200$.
I just find it extremely wierd how tons of ppl are promoting makin 100k$ a month or sum from forex/bitcoin and reality is very different than that! Like just how! Trading is very very complicated and takes years & years of just studying it.
I was like talking to a girl who claims she’s self taught and she told me she started making really big money like 6figures plus after 2 years of trading , like what fairyland is she living in!

[Kenda]

I find Forex slow and I doubt anyone who can make 6 figures on Forex would trade another person's money if all they're bringing to the table is $200. And to make that much a month on Forex, you'd probably need several big accounts.

Yeah, alot of ppl show highlights but never what they’re really doing.
But i got overwhelmed by the amount of ppl promoting trading even regular broke university kids, like how does their brain even understand it that fast, its complicated as hell.
But i think Bitcoin is much harder so thats why most of ppl do forex

[soitchi]

Yeah, alot of ppl show highlights but never what they’re really doing.
But i got overwhelmed by the amount of ppl promoting trading even regular broke university kids, like how does their brain even understand it that fast, its complicated as hell.
But i think Bitcoin is much harder so thats why most of ppl do forex

Yeah i also thought 50% is alot! But he knows i cant trade, and dont wanna copy paste him because i dont even know how, so he would do it all....but again he may or may not scam me, so thats why i said 200$.
I just find it extremely wierd how tons of ppl are promoting makin 100k$ a month or sum from forex/bitcoin and reality is very different than that! Like just how! Trading is very very complicated and takes years & years of just studying it.
I was like talking to a girl who claims she’s self taught and she told me she started making really big money like 6figures plus after 2 years of trading , like what fairyland is she living in!

I can believe 6 figures a year but again if we're talking 6 figures a month you'd probably need several big accounts. Retail brokers won't let you move enough lots to make that on one account so we're talking trading on a few 6 figure accounts on Forex at max leverage and trading 100% of the accounts which is risky unless those accounts make up only 1-2% of their net. A flash crash could have them down hundreds of thousands in minutes, stop losses might not even get triggered nor margin call. And Forex is slow because it can spend days consolidating and when you have to utilize that much money you'd probably have to accumulate your positions and wait for big moves over weeks.

Just open an account and trade a hundred or two, and learn yourself. It's pretty chart heavy so you can learn technicals and because it's slow you can learn patience and discipline which is probably the most important thing when it comes to trading and investing. Also you get to unlimited trades, no PDT like the stock market. Along the way you'll also learn about how news affect prices (fundamentals) and take that the stock market when you're ready. There's nothing to learn from bitcoin, you either buy and hold and keep adjusting the stop loss or if there's a way to get something like level 2 quotes on them then you can probably trade them but why trade something that volatile when you can, and there are people who can make 5 figures a day trading only Apple for example.

[Kenda]

Soitchi,
Wow thank you so much for the info!
I dont know what trading apple is lol....
Ill send u a  direct message inbox.

[soitchi]

Soitchi,
Wow thank you so much for the info!
I dont know what trading apple is lol....
Ill send u a  direct message inbox.

Apple stock, was just an example.
Yea send a message if you like.