This is a community for young investors to share any investment ideas. Crypto, FOREX, Stocks, business start ups, you name it. If it can make a young degenerate some money we want to discuss it here and all make some money. No “financial advice,” in this chat just degenerates making each other some extra cash.
Trading in the forex market involves the buying of one currency and the sale of another. You make money when you purchase lower priced foreign currency and re-sell higher priced foreign currency. It goes the other way around as well. You lose money when you purchase too much currency and sell too little.
Is Forex trading a scam or do people make money from it?
The reason I'm asking is because I see these posts online daily and I'm curious about it.. obviously don't want to start if it's not a definite means of income. Is it legit? Are people genuinely making the kind of money they claim to in these videos?
Don't ever buy MakeMyTrip Tripmoney forex card you will be damned and lose money too
I recently Booked my forex using Tripmoney for prepaid INR denominated forex card. Below are my complaints,
They lie about MarkUps and over charge and hope you don't find out
You cannot transfer back balance money to your card.
You cannot access their dashboard in many countries including the whole Europe because they are not data compliant.
Takes 3 days to add balance to your card.
Also, when you cancel your stay or booking made by using Tripmoney card you really have to chase them for refund money..it's not automatic. It's been 3 months still they have not issued refund, i have sent 33 emails for the same.
Most pathetic customer service - they have no call centre number neither they respond to your email promptly.
Incompetent people are running this fraud company. Also not regulated by RBI.
Learning. Use a forex card by a reputed bank not ones that are running their business from a suitcase. Even forex rates are little higher it's safe and will always there to solve query.
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ONYX is a brand new method and really cool strategy to make money online with dropservicing business. to learn more go to in this link https://mdigital101.blogspot.com/2022/08/onyx-app-review-onyx-oto-dfy-onyx.html?m=1pls share this link to other friends and family thanks friends.
Don't ever buy MakeMyTrip Tripmoney forex card.you will be Doomed and lose Money
I recently Booked my forex using Tripmoney for prepaid INR denominated forex card. Below are my complaints,
They lie about MarkUps and over charge and hope you don't find out
You cannot transfer back balance money to your card.
You cannot access their dashboard in many countries including the whole Europe because they are not data compliant.
Takes 3 days to add balance to your card.
Also, when you cancel your stay or booking made by using Tripmoney card you really have to chase them for refund money..it's not automatic. It's been 3 months still they have not issued refund, i have sent 33 emails for the same.
Most pathetic customer service - they have no call centre number neither they respond to your email promptly.
Incompetent people are running this fraud company. Also not regulated by RBI.
Learning. Use a forex card by a reputed bank not ones that are running their business from a suitcase. Even forex rates are little higher it's safe and will always there to solve query.
ONYX is a brand new method and really cool strategy to make money online with dropservicing business. to learn more go to in this link https://mdigital101.blogspot.com/2022/08/onyx-app-review-onyx-oto-dfy-onyx.html?m=1pls share this link to other friends and family thanks friends.
hey ONYX is best software to make money in drop shipping, social media management fields and more to get software & to learn about software click this link https://mdigital101.blogspot.com/2022/08/onyx-app-review-onyx-oto-dfy-onyx.html?m=1 pls share this link to other friends and family thanks
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1. Trade Currency Pairs This is the most popular way to make money with forex. By trading currency pairs, you can buy one currency at a lower rate and sell it at a higher rate to make a profit. How do I trade currency pairs? Trading currency pairs is done through a forex broker. https://www.getrichquitwork.com/2022/12/01/what-are-5-ways-to-make-money-with-forex/
Look macroeconomically at fundamentals. Find some bias that you think will happen no matter what.
For instance my bias is AUDUSD to as low as possible. Why? Because living in Australia I know the place has an insane housing market that all of the politicians are invested in. I know raising rates would threaten this. So for all the hollering about 'matching the US fed' when raising rates.. I bet.. when push comes to shove Australia will not hike rates to protect their housing market. Thus AUDUSD will collapse. Ya ya.. independent fed my ass. I know all you elite clowns are in on it...
Down cost average small pieces with no stop loss. Remember, you want ot be able to have it move thousands of pips against you without getting margin called. Use 0.01 lots of you have to.
Use RSI as entry. Whenever RSI goes above 60. Just buy another 0.01 lots short on AUDUSD. Do this for months and months.
Be 100% prepared to lose your account if you are wrong on the macro economic calll.. but either your right or your wrong. 50/50 at worse... Which is a lot better odds than 98% of traders blowing their account and losing money on forex. You will make 400-500% after 6+ months of this on a decent directional call. You will lose 100% of your starting account if you make the wrong call. Your margin call and zeroing of your account IS your stop loss. Don't be afraid of this. The reality is your are extremely likely to blow your account to 0. You can do that by trading like a normal person, having a stoploss and watching your account get chunked bit by bit until you lose control and go 500:1 and blow it... Or you can do the sensible thing and take a 50/50 shot. Don't be greedy. Get out at 400-500% no matter if the call still continues and start a new account. Its slow but it is profitable. Also. RIP that guy that's trying to long AUD because he thinks Forex is like a pattern game where if it go down it has to go up now.
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