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 Forex Version XV, Foreign Exchange Market Discussion

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qwertyuioped
post Mar 14 2015, 08:01 PM

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942 posts

Joined: Mar 2008
From: Bollinger Bands
fxcm now have lower spreads tho, but got commission
qwertyuioped
post Apr 19 2015, 08:03 PM

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942 posts

Joined: Mar 2008
From: Bollinger Bands
QUOTE(rooney723 @ Apr 19 2015, 08:50 PM)
yeah, i dun wan those MLM forex shit, i jz wan trade forex without pulling ppl in

btw wat do i need to start trading forex? how to open the account? how to determine if a forex agency is a scam or nt(like those MOP n GWGfx)
*
Trade only with Regulated Broker on your own.
If people ask you join this and that, watch out for these keywords :

-GUARANTEED RETURNS
-DOWNLINE
-OVERRIDING COMMISSION
-FIXED RETURN
-NO NEED TRADE

If any of them saying these words to you, you just jaga-jaga. Im not saying they are scams, but 9 out of 10 is MLM/Ponzi scam, the other 10% is scam-to-be.

Plus, in Forex or Investment world, don't dream of getting 100% return every month. Be realistic abit. Warren Buffet can only earn 20% per annum, what makes you think you can earn 100% per month and be consistent? Sure, some sifu maybe can do it, but once your account balance reaches certain threshold, you wont get such returns anymore.

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