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/biz/ - Business & Finance

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25425220 No.25425220 [Reply] [Original]

This Christmas days my uncle has flipped his forex account, and he doesn't even know the credentials of his metatrader 4 account. His broker assistant logged him in with TeamViewer.
For real guys, he is a total noob and an actual boomer.
The broker called him and my Uncle decided to make an account because he likes gambling, investing. He likes it here and there.
He also put 5000€ at bitcoin at 16.000€ and now he is profiting big.
What the Fuck!
First time posting here, I am looking in trading forex from now and then.

>> No.25425334

>>25425220
Forex is easy, leverage as high as you can go and stake all your money on 1-2 positions. No stop loss, just hold until you eventually are in profit.

>> No.25425346

Start here
https://www.babypips.com/learn/forex

Choose a good broker from here. Unfortunately lots of scams in forex world.
https://www.forexpeacearmy.com/

>> No.25425400

>>25425334
Lol do forex traders not get liquidated? What?

>> No.25425917

>>25425346
That you I will check it out!

>> No.25426215

>>25425334
The most of his trades are 10-20$

>> No.25426359

>>25425400
they do but cb currencies have so little volatility compared to stocks/commodities/crypto that you need leverage to profit. that is why its normal to trade with 50x leverage on forex.