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 Forex Version 10, Foreign Exchange Market Discussion

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jasperng
post Apr 16 2012, 04:26 PM

- Eminent Leader -
******
Senior Member
1,264 posts

Joined: Feb 2006
From: KL, Malaysia
I was approached by one of them last week. Basically the package is like

RM8k = tips + indicators
RM12k = education(by Xnalytics from Singapore) + tips + indicators
RM15k above = education + tips + indicators + option to choose to let your account managed by fund manager

Then they have like 2 types of bonuses
1) Referral bonus (You get a % ( ranging from 7-10%) of the account that your referral opens)
2) Trade bonus ( If your referral trades, you will get 20% of position size for every trade.

My question is

May I ask which part of GVF is a scam ?

Are we allowed to do forex trading in Malaysia ?

I also asked the education provider , Daniel from Xnalytics . He told me that he's not related to these ppl. Basically these ppl approaches him and ask him to conduct classes in Malaysia.

Please advise smile.gif

Added on April 16, 2012, 4:30 pm
QUOTE(andrewleewaikeong @ Apr 16 2012, 04:11 PM)
Let's put it simple , if it's a sure win strategy why not trade themselves only and why bothering promoting to people  since it's claimed to be are win strategy right ?
*
They are not promoting win strategy. The reason tehy are promoting is to earn the bonuses that comes with it when you open account under them. Education is provided by Xnalytics from singapore.



This post has been edited by jasperng: Apr 16 2012, 04:30 PM
jasperng
post Apr 17 2012, 12:10 PM

- Eminent Leader -
******
Senior Member
1,264 posts

Joined: Feb 2006
From: KL, Malaysia
QUOTE(FuNks @ Apr 16 2012, 09:38 PM)
i think the only risk in gvf is when they *run away*
basic income 2-5k? they didnt state any payment to join? hmmm.
my friend earn 2k the first week.
but i still scared the risk, luck is bad on me. sad.gif
still confused whether to join or not.
the real forex is also same right? just without some benefits from downline izit?
rclxub.gif
*
QUOTE(vk_flyingfox @ Apr 16 2012, 11:11 PM)
ur fren earn because they use downline money to pay ur fren.ur fren find downline 5 person x 8k = 40k den pay ur fren 8k they still earn 32k.den downline keep coming in mean more capital.they hav to pay upline in order to find more downline n once they got enough money they will say market collapse all money lose.believe it or not u judge urself i m not gonna stop ppl from getting rich.think rationally and dun listen to those telling u money comes easy brainwasher
*
Hmm i dont understand one thing here. How can they claim the market collapse ? You are following world's forex market. You are doing the trading yourself. You do the call.

FuNks's fren earns money not because it is given by them i believe . Maybe he did some trades following strategies or something. They dont just give you the money for nothing . And about the downline. Yes i agree that tats how they pay your bonus for each referral. But hey, tats the it works man it's win-win situation. You can choose not to introduce or get new downline if you want. You can just do your own trading. Of cuz this one they also give you free education. . . . and a community of traders where they share expertise.

I do agree with FuNks, the risk is if they run away with the money. Then you end up losing your initial capital.

Dont get me wrong here I am not one of them. I am like FuNks, thinking if I should join it. I'm just doing my own analysis.

Probably if the only thing attractive is the free education. I might as well pay education myself and open account in a reputable broker.
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