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)

Are buying two pair at the same time? Spread? In forex the difference of the bid ask will kill most traders esp using high leverage. Did you include the commision in your formula above for perRound trip?.

The simplicity of action and reaction.

The smallest movement in forex is 1 pip , which is 0.00001. That is why to profit you need to use leverage. Every time you short or buy in forex you are actually buying and selling the currency pair. Say Euro/USD, to sell or buy depending on your bias, you short the USD and buy the Euro at the same time or vise versa. You know uncle google knows more than I do.

http://forum.lowyat.net/index.php?showtopic=326577&st=60

Read my simple guide to life insurance on my thread.

Dreamer

Blizz,

You are young and naive. Enron hired a lot of people too and it is a listed gas company. It scammed a lot of people too. Unless you own the company, you better be careful and do not say thing like "I am sure he doesn't scam people". Especially, when we ask you question and you cannot answer. You really have no idea how this forex thing works so how can you tell it is not a scam??

A sign of intelligence is to know when you do not know enough. You do not know enough.

Have you find the answer how can you lose money?? Did you ask?? Did anyone answer?? If nobody answer this question at your company, this will be a pretty good indication of what kind of people you are dealing with in this company.

If you want to share, ask that question and tell us what do you find. I know the answer.

Dreamer

Hmmm.... ok, could you help me check whether the company named " Titan Meridian Sdn. Bhd. is scam company or not?" Thx woh.
But I don't like the sound "young and naive" Hehe^^ The company is currently giving forex services.