ohmmmmmm.......

wan get rich in forex?

simple.. go bank borrow 10 million usd.. then buy usd at 3.4.. no need trade.. waittill go up 3.75...wala.. u earn few million ..

haha

Doesn't make sense, if drop then die lor

if 10mil, it is better if you go and buy physical gold. lol

The spread for physical gold is too big for trading. You can do spot gold trading but definitely hard to make money with physical gold.

With a 10 Million, I would put in the bonds or blue chip stock which pay good dividends.

bond and blue chip pay to 1mdb

I don't get you. You mean buying 1MDB bond?

You buy that bond belong to government, and government take your money go pay 1MDB debts.


That's what he mean actually

Don't buy Malaysian bonds. Buy US, UK, Singapore, etc.

Duno.. So far I haven't reach that stage yet. Still slowly moving. U.S. 30y bonds kah? Haha

Yep. 2,5,10-year etc.

Anyhow still prefer U.S. side, cause in 10y time we don't know what will happen.

Most forex robot are risky and useless due to most of them are using martingale system. What do you guys think? I think they are mostly scam and just selling their so called robot to naïve consumers.

For those who don't understand.
-A Martingale System is a method of gambling where you double your bet each time you lose. Many EAs and some other forex trading systems use this method.

Imagine that you bet 1 dollar on a coin coming up heads. If you lose, you bet 2 dollars the next time. If you lose again, you bet 4 dollars. If you win that time, you win 4 dollars and have lost 3 dollars, so you come out 1 dollar ahead.-

so u joined those forex? or you got scammed too?

nope just food for thought. ^__^ currently exploring trading methods in forex. ^^
I don't think forex is a scam rather the so called brokers, and ridiculous people that turn it into some mlm platform that caused forex to have a bad name.

A robot which is based on martingale strategy is very risky. There are profitable robots, but people will not sell them. I have created many robots too, but so far, I have only one which is genuinely profitable, but nothing beats manual trading, so I still manually trade.

By the way, robot results can be easily manipulated by curve fittings.

whoa nice~! wonder what u mean by curve fittings? still learning here ^^

For example you have a MA crossover system. 50-200 EMA crossover. You try it on EURUSD from 2013-2014, and it is not profitable. You will then optimise (find the best combination) on that period and let's say you found that 59-189 EMA crossover to be profitable. This is called curve fitting, because when you use it on 2013-2014, it's profitable, but there is no certainty that it will work in 2015.

Agree with u too. Forex is legal. Just the broker are the scammer