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

Currency trading is much more difficult/complicated than share trading and futures trading and movement is very small just like Dreamer said ,so you need to bet big in order to make a decent amount of money and resulted more risky.
Leverage or gearing is the most dangerous strategy to do if you don't know what you are doing.

Any investment surely got both gain and loss probability, don't ever believe there is such thing so called 'sure win' strategy or investment. Even your FD (ineterest) is not 100% 'sure win' since if bank went broke just like in Thailand 98's financial crisis, the under-troubled banks' customers FD can't be drawn out for 3-5 years periods, it only allowed you to draw up to certain limit so that the bank can stay liquidify.

Also, the new insurance scheme introduced by BNM stated that all deposits in Malaysia are guaranteed up to RM60k per person/account if the bank go broke. So there is still 0.000001% your FD is 'loss'.

1) I am giving advice freely with no hope of gaining anything from anyone.

2) All human beings are greedy. If they are not, they will not be doing Forex trading. So, from your own admission,

<<80% of people investing in forex lost their money.>>

That means most of your clients lose money.

3) << That's why our company keep up with the market from time to time to tell our investor when to buy and sell. >>

This is common sense. If your company is so good in this, it will not be a Forex trading company earning commission. It will make so much money from its own advice that it needs no client.

4) I am NOT accusing you of cheating. You are just NOT telling the whole truth. For example, you tell people how they can make money but you do not tell people how much risk they are taking. And, you do not tell people that they will be taking on more risk than normal stock trading.

5) Do you check or care whether your client is suitable for this kind of investment?? You don't.. As long as they have RM60K, you will sign them up.

Dreamer

This post has been edited by dreamer101: Aug 28 2006, 11:06 PM

Blizz,

1) Every month, we have newbie sign up in Lowyat forum and the sole purpose is to sell something. You are not the first and you will not be the last.

2) I have been through so many of this kind of schemes that my BS detector capability is good enough that I do not have to waste my time to listen to this.

3) The funny thing here is you know so little that is going on here that you might be honestly think that you are helping someone.

4) If you cannot explain simply how you can make and lose money in a simple paragraph, why should I waste my time in believing you??

5) DO NOT INVEST ON ANYTHING THAT YOU CANNOT UNDERSTAND!!!

Dreamer

P.S.: I wasn't born yesterday.


This post has been edited by dreamer101: Aug 28 2006, 11:56 PM

Bilzz,

If you aka the person that work in this company cannot EXPLAIN simply how you can make and lose money in your scheme in a public forum so that people can examine it carefully. What makes you think people will do better by just going to your company's seminar?? There is a lot of BS here..

Dreamer

Final note, I mentioned this before but I'll say it again, this is for discussion and NOT for a place for you to sell your so called scheme.

We welcome everyone to join in the discussion but if someone starts preaching any schemes for sale, you'll be suspended immediately.

*PS, if someone sees anything suspicious, please report the topic, thanks

o.O do you mean by me?
I only come and share everything i know and pratically someone suddenly start the fire.
I only ask them come to listen and if can ask, and it is of coz FOC. Doesn't involve about selling, and I don't get any commision or money by inviting people joining the class. I did it with my own voluntary. And you guys think I'm making money by surfing internet in cyber cafe? I'm losing money. I just have some little time while playing games and post where someone interested in forex can find info here. That's all