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/biz/ - Business & Finance

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57457932 No.57457932 [Reply] [Original]

Why is forex trading so fucking viral on tiktok and social media now?

Shit literally one of the biggest scams.

>> No.57457951
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57457951

>>57457932
because people don't want to work

>> No.57458898

>>57457932
Forex is easy to explain.
There are loads of affiliate programs.
It provides a ready made entry into one of the marketing trifecta (money, health, relationships).
So yeah, understandable that it is so popular.

>> No.57458916

even if you assume forex is all luck, the odds are better than casinos or lottery tickets

>> No.57458947

>>57458898
“Affiliate programs” for foreign currency trading? How does that work?

>> No.57459108

>>57458947
paid shills using demo accounts, all scammers

there are legitimate forex brokers where you can make 20% profit a month if know how to trade

>> No.57459120

>>57457932
If these returns were sustainable we would see a lot more millionaires. But we do not.

>> No.57459234
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57459234

>>57457932
Quite simply, it's the only way to get rich in 2024.

>> No.57459327

>>57457932
>Why is forex trading so fucking viral on tiktok

Because TikTok as the lowest IQ demographic.

>> No.57459989

Who else is going to fall for the forex scam but low IQ kids? The jig is up for everyone else.

>> No.57460005

>>57457932
scam? its literally one of the most fair way to make money, its the great equalizer, no matter how poor or rich you are its all the same in the face of the free market

>> No.57460046
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57460046

>>57457932
>seeing he is white i just think its just some guy doing fake trades on demo account to get affiliates but if he was black my brain immediately correlates with robbery

>> No.57460057

Shady forex brokers domiciled in exotic jurisdictions pay money to low/mid-tier social media influencers to advertise their product. A few nascent crypto exchanges do that too.

You'll never see those influencers shill for Interactive Brokers or Fidelity.

>> No.57460121

>>57457932
They’re trying to make it a crypto competitor for brainlets that can’t into crypto.

>> No.57460149

>now that you retards figured out how to trade, please do this instead! Such money, much easy! No, no. This isn't another way to make money off of others (for us) this is totally in your best interest bro! Don't you wanna MAKE IT? MAKE IT means you have to do it in like a month! Nevermind being 21 and doing it for 10 years and retiring at 31. You're old as shit bro, old as dirt bro, fucking ancient!

>> No.57460209

>>57460046
>I see a green snake and I know I might get bit but will live. I see a copperhead and I know I might get bit and could probably die.
tit for tat danger recognition.