/biz/ - Business & Finance

[Anonymous No.24819385]

Is forex a scam?

[Anonymous No.24819417]

>>24819385
Its not the market thats a scam, its the trading platforms that are scams. Stay away from ninja trader

[Anonymous No.24819857]

>>24819385
All crypto is a scam.

[Anonymous No.24819894]

>>24819417
is fxcm good?

[Anonymous No.24819948]

>>24819385
It's like a battle royale except retail chud gets bow and arrows and big dogs get helicopters and tanks. Can you score a few against HFT empires, their ultra fast internet connection to get milisecond andvantage and their algos built by quants with galaxy brains? There's an entire industry built to convince suckers they can. Maybe you're that one special Rambo who can shoot down helicopters with only a bow. Maybe you're born lucky. But chances are, you're a food for the big dogs.

[Anonymous No.24820122]

>>24819894
is fxcm good?

[Anonymous No.24820131]

>>24819894
Idk i never used it.

[Anonymous No.24820212]

>>24819857
forex isn't crypto you absolute gaping faggot

[Anonymous No.24820227]

>>24819948
>Maybe you're that one special Rambo who can shoot down helicopters with only a bow
based and 100% accurate
it's just the HFT god tier AI algo guys laughing to the bank

[Anonymous No.24820253]

>>24820122
I use Oanda. Kinda shit in it's own way, but at least it's legit

[Anonymous No.24820309]

>>24819948
This

[Anonymous No.24820329]

>>24819857
>This is the people giving you advice on /biz/
KEK

Forex and Bond markets are not for the new/retail investor, you'll get fucked by the big boys.
Stick to the stock market.

[Anonymous No.24820336]

>>24819948
uh that's not true sweetie, i bought a digital training course from someone who made millions in forex, see ya when i'm a millionaire

[Anonymous No.24820550]

>>24820336
Ah yes, the bane of Wall Street. The "stay at home forex mom" rises.

[Anonymous No.24820606]

>>24819385
so forex is just trading X country currency for Y country currency and then back again when the value of the other goes up right?
so, how come everyone isn't just buying 1mil argentine pesos? they cant stay that low forever until someone bails them out and it somewhat stabilizes right?

[Anonymous No.24820624]

Sure op. Buy low and sell high its truly that simple.

[Anonymous No.24820657]

>>24819894
>>24820122

I used them here in the US prior to them pulling out of this market, and I never had a problem with them...but that was several years ago.

[Anonymous No.24820660]

>>24820606
>so why doesn't everyone buy 1 trillion Bolivar? It's not like they can stay that low forever until someone bails them out ans somewhat stabilizes. It's only 2011 after all, surely by 2020 it'll be worth more
Also, Argentina just adopted currency controls. Argentinian pesos are worthless outside of Argentina as long as those controls are in place.

[Anonymous No.24820666]

>>24820606
Wow anon why didn't anybody think of that! You should definitely buy a million pesos

[Anonymous No.24821359]

>>24820606
whoa we have George Soros over here

[Anonymous No.24821444]

Forex is such an idiot trap. You deserve to lose if you get into this.

[Anonymous No.24821661]

>>24820606
Because of huge margin rates

[Anonymous No.24821696]

>>24820606
As an argie I say lol you don't know our government and the retards who keep voting them, 70years and they still never learn

[Anonymous No.24821711]

Still trying to stay alive with fucking shitty coins trading? Lol, reckted with top Base Protocol, go hoome tards

[Anonymous No.24821738]

>>24820606
That's why people bought iraqi dinars

[Anonymous No.24821875]

pic related is refering to the imarketslive pyramid scheme

they tell their cult lieutenants to call it forex.
basically they sell you access to a market analysis tool and trainings sessions and you make money by following their calls.

you also make a chunk from whoever you can recruit to trade.

dumdums in the scheme dont realize that if a company actually had a profitable analysis tool they could sell it for a few billion dollars at the minimum

[Anonymous No.24821897]

>>24821875
>few billion dollars
Stay retarded /biz/

[Anonymous No.24821904]

>>24819857
everything is a scam

[Anonymous No.24822015]

>>24819385
>get a trade copier from a decent team
>trade less than 3% of your budget at a time
>average rate of success is between 70-80%

literally mind-numbing work for a few pesos but if you do the above for a year you can make some decent cash that you can reinvest in crypto. The only people making real money from this is a heads of discord groups that make meme chart analyses and big dog multi national exchange companies. I always wondered how those fucking money exchange booths stay in business in all the malls because the exchange rates between currencies + fees cant possibly cover the rent plus employees. But if you have all that cash and you know when and where to leverage it....goldmine

[Anonymous No.24822051]

Forex is obvious scam.. Master of puppets like Soros and Rotshield control this shiet. you can only stay safe by investing in https://mona.finance/.. Our only hope

[Anonymous No.24822607]

>>24821897
For the profits from the screenshots that the bottom rung of the pyramid claim absolutely. its a drop in the bucket for international banks who would love a new avenue for safe guarenteed profits.


in the case that you are one of the pyramid lieutenants theres a .03% chance that you make more than 30k a year despite what you claim and the car you sit in on instagram.

[Anonymous No.24822728]

>>24820606

[Anonymous No.24822729]

I knew a n- that actually took the time to dress up and pose with his friends in front of a TV displaying live trade data and pass it off as his amazing mentorship to his peers. I think what really got me was his claim to make $30,000 trades. Which I just knew was just how much he got to play with after leveraging.

He was also an example of modern day hustle culture.

[Anonymous No.24823160]

>>24819857
>t. fucktard boomer

[Anonymous No.24823504]

>>24820606