Still a student but want to find fast money. What a joke.
Now I understand why Ponzi schemes still can stand until today.

I know EmpireFX and FX Empire are both very different things.
His is EmpireFX which I never heard of and probably he doesn't even have a website

But why he needs only RM500 for me ? strange

Alright , will ask

Btw how do I know if he really opened an account for me in MT4 that has 1000 USD in it ?

Yeah why ??

If you want a ponzi scheme that need rm50 to start, I can introduce you.

Sure or not ??

On your previous post you already mocking my stupidity ler

I never mock you, it is the dirty fact that youngsters like you sure will deny.
Ponzi schemes in this world are developed to cheat money from low income earners till high income earners.
When a website can't find anything, it is already known to be scam. But yet just because your intention still want to make fast money, that's why you are trying look for people to support your move.
Already got few people warn you on this with the soft way but yet you refuse to understand them. So I'll just be the "bad" guy to wake you up.
Under such ponzi scheme, nobody is mocking up your stupidity, is you your self that mocking your self up.

Sorry to say Forex isn't a kids game (you sure its not his dad's account?), if his good at it where is his potential customer & testimony? And for you please continue your study & stop thinking of earning quick money from all this, you can work part time at night if you are willing.

Hi bro,

The rule is the higher the returns, the higher the risk. I know of one personally that by depositing in RM1000, you will get RM100 back the next month. So assuming no loss, you make 120% in a year. Sounds good eh? But let me tell you. Instead of you earning RM100, you can just lose RM1000 just like that. No refunds nothing. And that one my friend admit is a scam. But he knows when to pull out and when to dive in. He lost almost 90% before.

That's why if I were you, I will stick to the safe ones. FD, ASX, Reits. Their returns maybe small but returns is still returns. Golden rule is SAVE If you like to buy new phones every year, hanging out in pub/club/karaoke/frequent mamak/frquent movies, you need to cut back and start saving. Let your friends do that. In the end, you will have the last laugh as you have more money than them.

Ok ok so any reputable schemes that come with a website?

A lot of my friends told me he brought his laptop to school to show off how he makes money off MT4 .

That's why it is quite persuasive but maybe he's just being lucky, idk

What's the min amount for Fixed Deposit?

Edit : I think I should save another RM500 for this : https://ringgitplus.com/en/fixed-deposit/Ma...ed-Deposit.html

This post has been edited by Y.J.S: May 30 2015, 09:54 AM

May I add a little spice on that....
NOT just SAVE but, "Save and Invest wisely"......because

“Which investor gets rich by putting all his / her monies in savings accounts?” – Dr. Tan Chong Koay

If you look at kids these day, only know how to party/watch movies/drinking starbucks like drinking water, you will be surprise any of them have any savings at the age of 30.

As what some people said, concentrate on your studies.
Playing with forex need a lot of time, it won' do any good for you.
I have a friend that open his account by his own and he is making rm30-40k a month. But when he lose money, the amount are not small also. Yet, he is still a millionaire.

Luck does not play apart in Forex, he brings laptop to school what is there to show during that time of the day? trade only starts around midnight our time. Are you sure his not playing with the Test simulation?

This post has been edited by IccyAsd: May 30 2015, 10:03 AM

So ... is majoring in Econ/Finance best choice to enter into trading world?


Yeah no idea

They said he brought 1 day then another day came back with profits (something like that)

Just look at Lowyat FD threads. Good info. Also if you have time, read Gen-x's blog from the first post. If you have a speciific skill, you can work on the go. Eg designing, writing. I have a friend who earns in USD just by working part time. She found jobs online. She saves every sen of it to buy a house. Still far but at least I think she can afford 5% of the house already.

and also, possibilities due to High cost of leaving, poor public transport system leading to need to drive, need of networking for career/business (linkages) gatherings.....
pay - EPF - tax-car loan/expenses - others = not much left to save....
some end up joining MLM and ended up worst...cos convinced that their MLM products EVENTHOUGH more expensive but are "better" and "worth it"...thus spend more.
some end up joining quick rich schemes because convinced that their scheme are good and genuine....."some" ended up scammed.
some end up joining the investment world because convinced that their investment vehicle are "sure bets"...eventhough with limited knowledge they processes.....thus ended up....

This post has been edited by yklooi: May 30 2015, 10:31 AM

I saw a lot terms about 3 months 12 months to get a certain percentage of returns.

What does the "months" means ?

Is it I have to deposit for say RM1000 for 3 months straight (=RM3000) to get the returns ?

Usually these "money managers" have 2 approaches in managing investors money.
1. They pool all the money and place it in one account.
2. They separate the accounts for each investor.

Since he didn't ask you to set up an account under your own name, I am assuming that he is putting the investors' money into one account (under his name/ his company's name). If this is the case, it is difficult for you to know if your money is injected into the account even if he shows you the account. If he has 5 million in the account, how will you know if your 500 is in there? Not possible.

some screenshots


Attached thumbnail(s)

Anyway sir he replied me saying that I should create an account in MT4 under my name.

But then he'll trade for me and show me some techniques before I get to trade by myself.

So if the account is mine, am I able to monitor the process and know how much is it in there right ?

Awww so mean