Huh...almost RM2000 per week...I think this is the income for a GM...I believe you also can loss USD 500-600 per week, right?

This post has been edited by leekk8: Aug 28 2006, 05:07 PM

You mean traders trading?

Locally I am not up to date but I was inform that there is a new trading platform for local market. I think there should be trial for it. Hope it helps.

it seems almost impossible to get a loss..
coz it have Buy new, Sell Close, and Sell New, Buy Close...
is this really how forex works?

thanx alot for the infos..
but as u can see the date is september 2005..
this mean that its been operated a year now..
y no one take any action??
from the formula they give to calculate, it seems impossible to get a loss...

kinda confuse with this company...
hope to know more bout this company, coz my fren juz got a job there last week..
juz wanna help him and MYself...

its actually rm60K minimum to start trading.. at timelyvibes..
how long have u been in this forex thing?
wuts ur company name?
do u urself invest in forex?

So the date is 2005 how observant, I don't see any action against mlm, is this the same scenario? I don't know.
What formula care to share? I have traded forex and I can say losses are part of trading.

This post has been edited by whtrader: Aug 28 2006, 05:53 PM

My formula is like this
For Euro/USD and GBP/USD
(selling price - buying price) X 100,000 X lots

Lots mean how lots you traded. 1 lots = USD500

wut i meant is that y it didnt runaway like others?
mlm juz take a couple of hundred from client..
but this thing involves rm60k..
if i got cheated with that amount, sure im gonna hunt all of the staff there..

they use normal formula =sellingprice-buyingprice*20(VPP)-200*3.7(converttoRM)

but the best thing they say that eventhough the price go down, u can still earn money by selling new and buying close..
is this for real??

quite real, coz the price always go up and down. That's why

wut i meant is when price go down, u earn money..
hmmm.. seems like u dont know much bout this forex thing..
or maybe i juz dont understand wut ur saying here.. sorry

lolz.... ya what u say true. you can still earn money la.... that's what i say lor... sorry interpret wrong

can u explain to me how to earn money when it go down?

ok.... when the money go down, you just sell the new before it went down to your buying price. and then you can buy new. and wait for the price to go up.

i juz dont get wut u mean there..
where's the buy close and sell close?

>.< loz.... I only know to explain. The notes is not in my hand. Hehe

anyone here with forex experience..
izzit true u can earn profit eventhough the price go down, by using sell new, buy close method??
it means that u sell it before u buy it..
the lower it goes, the more money u'll get...
is this true??
please help.. thanx..

Folks,

If something is too real to be true, then it must be false.

1) If you are interested in this scheme, you should ask, under what circumstances will I lose money?? If the answer is never, run away quickly..

2) Please noted that at least in USA, Forex trading can leveraged 20 times. That means with RM 60K, you can buy and sell up to RM1.2 million. It also means you can go bankrupt easily if you place a wrong bet. It is not the same as stock where you only lose what you invested.

Dreamer

yes, u can buy the currency to go down or go up....whichever go ur way, u will earn.

as explained by dreamer, forex is a horrible thing if u dunno what u are doing...with leverage, u can buy(or bet) more than what u have..

And, if the currency goes to the wrong way, you lose money. The movement is very small. To make a lot of money, you either make a lot of trades (lose money on commission) or you make big bet (huge risk with leverage).

I know someone that won lotteries 3 times in his life and win money most of times that he went to Genting. But, he is so rare. Not many people are like him that can walk away with winning.

Even a simple thing like stock market, you can lose money. I lost half of all my savings during Internet bubble. I was greedy and I did not get out of the market in time. Just imagine that you are amplifying this 20 times by scale and time. Literally, you can go bankrupt in a matter of hours. The same goes for commodity trading.

Let's say you have RM60K. How certain are you that you will not get greedy making RM1.2 million bet?? In fact, because of the changes are so small, you have to make a lot of trades or big trades to make good money. The temptation is too high and most of us do not have that kind of discipline.

Dreamer

P.S.: The trading company is not your friend. They make money from your commission regardless of whether you win or lose.



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This post has been edited by dreamer101: Aug 28 2006, 09:24 PM