>.< 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

Blizz,

You are working for this company. And, you claim that you gain nothing when your company has more customers?? Are you thinking that the forumers are stupid or what?

So far, you have NOT tell us how you can lose money in forex trading?? You only tell us that you can make a lot of money. If this is NOT selling, what is selling??

Now, on the other hand, if you invest on something and
1) You know how you can make money but

2) You do not know how you can lose money

It is pretty obvious either

A) You have very little investment knowledge -> You are a fool

B) You are deliberately withholding information -> You are lier

Do people really want to trust their money on either a fool or a lier??

Beware of the naked man that is offering his clothes.

Dreamer

Geminist,

Actually, I am not as mad if someone is selling their product/scheme in a proper discussion. Aka actually telling people what is the pros and cons of their scheme.

For example, you could earn USD 5K in 3 to 5 months but you are taking a risk where you can go bankrupt in one day.

Something like telling people you could make a lot of money and you need more information please PMed me is just plain simple advertising. The poster dare not even to tell people what is the actual scheme is and people can discuss and pick apart the arguments.

I think Blizz has over-step his/her boundary. He/she is recommending something that he/she has no idea how big the risk is. But, I would not ban Blizz yet. It has been highly educational picking apart his/her advertisement..

Dreamer

This post has been edited by dreamer101: Aug 29 2006, 03:14 AM

i appreciate that. so wat do u plan to share other than asking ppl to PM u?

@Blizz-imperialx

after seeing d topic u post... i think u r vry new to this job.... it is better if u join others job... or mayb agent for pulbic mutual? coz u really dunno ur company is a scam or wat ever... and its not local company..

NEway, jus make sure wat compnay u r joinin... jus my 2 cents...

or u can post here hows ur company work.... this is dissucion topic.. we hope u can share something... thanks btw,...

We appreciate it if blizz can share with us about the forex thing. This is quite new in Msia. I just hope to know more about this. Either it's scam or not, I think we can evaluate it...We are not kids.

Which investment mode is suitable for you, it depends. You can't say that the investment is not good cause it just doesn't suit you. Anyway, any investment has risk. We have to invest according to our capability, the risk level we can bear with and our financial goal.

Blizz, you should study more about your job if you're interested on it. It's not a good way to intro the thing to public, where you can't tell people clearly. You should state that how we can earn money from that...the possibility we get lose, what's the fees and charges. If you want to sell your scheme, this is not a good place, I think. If you want to share with us, please tell us all about forex, not just how we can earn money. Nobody will believe that we can earn so much money without risk. If yes, this is not called INVESTMENT.

Sorry, maybe my english poor, so I maybe wrong interpret or grammer problem hehe. I don't mind. First of all say sorry to Dreamer first because I did say he flame me, Sorry. And for Geminis, Sorry also because being like a salesman in this topic. Please give me more advice. Thx.

The reason I need people to pm me because I want to tell them where they could head for more information on Forex. I also just starting to learn. That's why I'm asking people to join a Free class at a company. And that company I'm sure he doesn't scam people coz got a lots~~~ of part time and full time staff and Also client. Ok?

PS: Am I still like a selling person? Please remind me. Thx ^^

my friend ask me to invest in insurance?really can work o not??

For me, insurance is not really an investment. But, it's important in financial planning, as it will help a lot when there're something bad happen to you. Always consider insurance when doing financial planning, but there're many other investment better than insurance, such as share and property. However, different people can bear with different level of risk. Insurance definitely has lower risk, but there're many terms and conditions, where you must understand it clearly. Please get a professional insurance agent, let them explain to you clearly.

The main objective of insurance is to provide financial protection to your dependants or family if any unforseen circumstances happen to you, not mean to have capital appreciation (the main objective of investment).
Some may argue it is also a type of investment but personally not view it as investment at all. There is not flexibility in the insurance since once you sign up, you obligate to pay the premium for the full period as stated in the policy, if surrender halfway then you lose large chunk of the premium paid (for those kind of saving type insurance)