Making this post for clout so that this discord can be a thing. It would be super beneficial for the trading community to help filter out the bad apples and MLMs/pyramid schemes. Really need some groups to join and members to get this sub reddit to the moon! 🚀🚀 FYI! I’m not making any money off this, I just want to help people filter out crappy groups that sell bogus signals or “education programs” as I was a victim of it! I am trying to set up a platform to bring people to great groups that do care about everyone’s success and actual education and adding a ranking system and filtering out bad groups by rating their signals is the best I can think of for a large scale discord/ future website. They can sell their product by advertising with free signals. The goal is for people to get these free signals and make money enticing them to join these groups. Each one only has to send out 1 signal a week to the main group. People are probably gonna take advantage of that but it’s fine because there will be bad signals and good ones from varying groups. The goal is for people to see the advantage of joining a group based on their overall rank of accuracy in the community and be able to see it first hand in their signals. Overall if the good groups come there will be a surplus of knowledge and trading going on that allows everyone who participates to prosper and prosper even more by joining groups! People won’t care to join if the community is supplying ample signals. And on top of that groups may not even need to charge as most of the money they make will be coming from trading rather than recruiting! If you wanna join and be a group leader over a trading group, contact me about being one of the first groups to be on the discord (PM me)! If you’re just wanting to join for free signals have at it! Groups unwilling to join are just showing that they aren’t too confident in there education and strategies! Groups that are willing will have great respect in this growing community! No one is gonna have a perfect trading team that is 100% accurate with their signals. But ranking these groups based upon accuracy can really filter out the ones who are just trying to make a quick buck off uneducated individuals.
The outside trade advertise is otherwise called FX or it is additionally seen as alluded to as the FOREX. Every one of the three of these have a similar importance, which is the exchange of exchanging between various organizations, banks, organizations, and governments that are situated in various nations. The monetary market is one that is continually changing leaving exchanges required to be finished through specialists, and banks. Numerous tricks have been rising in the FOREX business, as outside organizations and individuals are setting up online to exploit individuals who don't understand that remote exchange must happen through a dealer or an organization with direct cooperation engaged with remote trades. Money, stocks, and cash is exchanged through the remote trade markets. The FOREX market will be available and exist when one cash is exchanged for another. Consider an excursion you may take to a remote nation. Where are you going to have the option to 'exchange your cash' for the estimation of the cash that is in that other nation? This is FOREX exchanging premise, and it isn't accessible in all banks, and it isn't accessible in every single budgetary focus. FOREX is a specific exchanging situation. Private venture and people in many cases hoping to bring in huge cash, are the survivors of tricks with regards to finding out about FOREX and the outside exchange markets. As FOREX is viewed as how to make a snappy buck or two, individuals don't scrutinize their support in such an occasion, yet on the off chance that you are not putting cash through an intermediary in the FOREX advertise, you could undoubtedly wind up losing everything that you have put resources into the exchange. Tricks to be careful about A FOREX trick is one that includes exchanging yet will end up being a fake; you get no opportunity of getting your cash back once you have contributed it. If you somehow managed to put away cash with an organization expressing they are associated with FOREX exchanging you need read near learn on the off chance that they are allowed to work together in your nation. Numerous organizations are not allowed in the FOREX showcase, as they have cheated financial specialists previously. Over the most recent five years, with the assistance of the Web, FOREX exchanging and the attention to FOREX exchanging has become extremely popular. Banks are the main hotspot for FOREX exchanging to happen, where a prepared and authorized specialist will finish exchanges and prerequisites you put forward. Commissions are paid on the exchange and this is the standard thing. Another kind of trick that is common in the FOREX markets is programming that will help you in making exchanges, in finding out about the outside business sectors and in rehearsing so you can set yourself up for following and making exchanges. You need to have the option to depend on a program or programming that is truly going to have any kind of effect. Talk with your money related agent or your bank to get familiar with FOREX exchanging, the FX markets and how you can abstain from being the person in question while putting resources into these business sectors. # https://futurefx.com/
Is doing Forex (foreign exchange) in Finland a smart idea?
So, I've recently been interested in trading, more specifically in Forex trading. However when I search it up in Finland I get little information, in a act of desperation I resort to Reddit. Does anyone have any experience in Forex trading in Finland? Why is it so unpopular here? is it because of the tax rates? Is it worth giving it a shot? I would like to find answers to these before I pay for any courses. I'm brand new to the industry so I want to know what I'm getting myself into and to know whether I'm making a smart move.
Piata Valutara Forex, Foreign Exchange, Piata de Capital, Tranzactii.
Piata Valutara - FOREX - Invata cum sa obtii profit in urma speculatiilor valutare, Detaliile pietei de capital Forex. Analiza fundamentala si tehnica a celor mai importante perechi valutare precum si previziuni ale acestora...
So I’m into investing and I came across one of my friends constantly posting on social media his forex (Foreign Exchange Currency Trading) trades. I struck up a conversation about what he does and got roped into an hour long pitch call about an MLM (They didn’t even tell me what their company was called) That involved a 250$ start fee and 180$ Monthly fee, thats waived if you recruit people each month. If anybody knows what its called, please let me know. I’m also confused as to how a forex teading MLM works, it just seemed like they called trades over a zoom call and didn’t sell any product.
Hey Guys, I recently wanted to start getting into cryptocurrencies like Bitcoin. How would I start with the basics? Like what steps should I do first? I'm already trading currency pairs for countries on FOREX(Foreign Exchange Market) but I wanted to get into cryptocurrencies.
IM Academy - Are they/their "Affiliates" breaking FINRA regulations on Communications with the Public?
For the uninitiated, IM Academy, formerly iMarketsLive, is an MLM whose scheme centers around a SaaS model for their forex (foreign exchange) trading software. I'm still early in the research, but I think the way they get around the legal definition of a pyramid scheme is by providing referral commissions to their affiliates, who are the ones ultimately posting about their purported 'success' and the opportunities they want to share with their friends and families and doing the recruiting. Now, perhaps save for the ballsier MLM brands involved in health and wellness products, where running afoul of the FDA is the primary concern (and having worked as someone designing junk mail for a health food/grocery store [the owner of which was decidedly ANTI MLM, thank apollo] for a decade, I can tell you that the magic "These statements have not been endorsed by the FDA. These products are not meant to diagnose, treat, cure, or prevent any disease." is almost an impervious shield, if you're not a total sketchman and literally saying those things in the ad copy for the product), the SEC and the FTC are the regulatory bodies at play; and FINRA, I believe, is the US regulatory body overseeing forex, specifically. I dig economics. I like listening to economics shows. I've heard plenty of ads for forex trading solutions on the radio, and one constant is the inclusion at the end of the ad of a disclaimer saying, more or less, that 'Forex trading carries substantial risk and consumers should not trade more than what they can afford to lose', or something along those lines. Of course, the folks peddling IM Academy on facebook are just posting about the opportunity to make money trading forex. That got me thinking -- if the company is paying these guys commissions on referrals for the software, they are effectively communicating to the public. FINRA has some very specific guidelines on this (emphasis mine): Communications with the Public NASD Rule 2210, applicable to all FINRA members, prohibits firms from making any false, exaggerated, unwarranted or misleading statement or claim in any communication with the public. Rule 2210 is not limited to a broker-dealer's securities and investment banking business. A firm's forex-related communications—whether the firm is acting as a dealer or is soliciting forex business for a dealer—must be fair and balanced and based on principles of fair dealing and good faith, and firms must provide a sound basis for evaluating the facts regarding both the forex market generally, as well as the customers' specific transactions. These obligations may not be waived or met by disclaimer. New FINRA member firms that engage in forex-related activities must file their advertisements with FINRA. Rule 2210 requires any firm that has not previously filed advertisements with FINRA to file all of its advertisements at least 10 days prior to first use; this filing requirement continues for one year from the first submission. Rule 2210's internal approval, filing requirements and recording-keeping provisions also apply to forex-related communications. The rule requires that a registered principal give written approval of all advertisements and sales literature prior to use. Rule 2210 prohibits predictions or projections of performance, or the implication that past performance will recur. Communications used by firms in connection with retail forex activities may not tout future returns. The rule prohibits the omission of material facts or qualifications that would cause a communication to be misleading. Accordingly, firms' communications must adequately disclose the risks associated with forex trading, including the risks of highly leveraged trading. Firms must also make sure that their communications with the public are not misleading regarding, among other things:
The likelihood of profits or the risks of forex trading, including leveraged trading;• The firm's role in or compensation from the trade;
The firm's or the customer's access to the interbank currency market; or
The performance or accuracy of electronic trading platforms or software sold or licensed by or through the firm to customers in connection with forex trading, including falsely advertising claims regarding slippage rates.
FINRA also reminds firms that SIPC rules prohibit references to SIPC membership or protection in communications regarding commodities, including forex.
Am I onto something here? Even if IM Academy seems to skirt around the traditional definition of a pyramid scheme, their affiliates are breaking the regulations the company, at least, is obligated to adhere to. This IM Academy scheme specifically seems particularly predatory. I can see a vast gulf between being out a few hundred bucks on shitty inventory you'll never push and forex leverages, which can sometimes mean you losemore than you put in.
I have a friend who is promoting a company called “Market Hackers” Forex (foreign exchange) trading. It offers you the chance to buy a program to access trends and insider information on foreign exchanges. I checked the MLM sticky post and Market Hackers was unlisted. Yet when I search the company, the 3rd link is to a MLM tracking website. Any idea what this company is all about?
Can participating in forex (Foreign Exchang refers to the foreign exchange market. It is the over-the-counter market in which the foreign currencies of the world are traded) keep me from getting a top security clearance?
https://preview.redd.it/e8aiyknajcu41.jpg?width=767&format=pjpg&auto=webp&s=f8ad3d10f82c3d358df7a9b607bcf4689f7657fc Mungkin Anda sudah pernah mendengar tentang banyak orang yang mmiliki penghasilan tambahan menjanjikan dari trading online. Ya, istilah yang merupakan kependekan dari trading forex secara online ini memang banyak dilakukan orang entah sebagai sampingan atau bahkan dijadikan sebagai sumber penghasilan utama. Alasannya tentu karena berbagai kelebihan yang dimilikinya dibanding, katakanlah investasi, lainnya. Terlebih di masa serba terbatas seperti masa wabah corona ini. Kelebihan Trading Online dan Tips Jika Anda Ingin Mencobanya Ada berapa kelebihan yang dimiliki trading online ini yang kemudian membuatnya makin banyak diminati orang untuk mengantisipasi semakin tertekannya penghasilan oleh aturan pembatasan untuk mencegah penyebaran virus COVID19 ini. Berjualan Forex (Foreign Exchange) atau Valas (Valuta Uang Asing) saat ini bisa dilakukan dari mana saja dan kapan saja berkat hadirnya smartphone. Selain tu, ia juga menjanjikan potensi profit yang tinggi, modal yang fleksibel yang menjadikannya salah satu pilihan terbaik saat ini.
Trading forex saat ini juga semakin mudah untuk dipelajari dan dilakukan dengan dukungan platform online. Anda bisa mendaftar, menganalisa pasar, melakukan transaksi dan mencairkan dana. Nah,jika Anda berminat menjadi trader pemula, berikut ini beberapa tips yang bisa Anda lakukan;
Sebelum tergiur dengan keuntungan dan kemudahannya, kenali dulu aturan dasar dalam hal trading dan cara-cara untuk mendapatkan profit. Perlu Anda pahami bahwa trading forex berbeda dari jasa penukaran uang karena mata uang ditukar secara berpasangan dengan mata uang lain, misalnya EUUSD yang artinya Anda membeli Euro sekaligus menjual Dollar saat melakukan "buy" dimana masing-masing mata uang ada yang naik dan turun nilainya. Barulah Anda mengenali faktor apa saja yang bisa mempengaruhi perubahan nilai dan pergerakan naik-turunnya pasangan mata uang tadi.
Pelajari Teknik Analisis
Analisis forex sendiri secara umum terbagi menjadi analisis fundamental, teknikal dan sentimen pasar yang masing-masing memiliki pendekatannya sendiri untuk membaca peluang. Tenang, Anda punya banyak waktu dan bahan yang bisa didapat secara online sehingga bisa dipelajari secara bertahap.
Tentunya untuk berjualan mata uang di pasar forex global, Anda tidak bisa melakukannya sendiri dan prosesnya akan dilakukan melalui broker sebagai penghubung. Dalam emilih broker ini, ada beberapa hal yang perlu diperhatikan meliputi legalitas dari pemerintah, persyaratan nominal untuk deposit hingga biaya transaksi.
Broker tidak hanya menyediakan akun trading forex online Anda saja. Mereka juga menyediakan akun percobaan (akun demo) dan sofware trading yang bisa dimanfaatkan oleh pemula untuk lebih mudah memahami praktik belajar forex. Anda pun bisa memanfaatkan akun ini untuk menggunakan settingan pasar terkini, tanpa harus deposit dana karena memakai uang virtual. Manfaatkan Komunitas dan Event Trader Untuk lebih memacu semangat Anda dalam belajar, tak ada salahnya untuk memanfaatkan komunitas trader dan forum di internet yang bisa dimanfaatkan untuk sharing. Manfaatkan pula event seperti seminar, gathering dan workshop yang biasanya diadakan secara berkala untuk mendapatkan input baru. Dengan begitu, Anda bisa tetap bisa mempertahankan motivasi karena Anda tidak sendirian dalam dunia trading ini. Meskipun terkesan mudah dan menjanjikan, Anda tetap harus ingat bahwa sebagai pemula, Anda tetap harus melakukan segalanya dengan cermat. Usahakan deposit mulai dari nominal paling rendah terlebih dahulu sesuai syarat minimal yang ditentukan pihak broker. Selain itu, ingat bahwa dalam trading online ini, tidak ada yang instan dimana Anda harus bersabar karena kesuksesan dalam berjualan valas ini nyaris 90% ditentukan oleh pengalaman. Selamat mencoba.
Slippage Effect and Avoiding It While Day Trading Slippage inevitably happens to every trader, whether they are trading stocks, forex (foreign exchange), or futures. Slippage is what happens when you get a different price than expected on an entry or exit from a trade. If the bid-ask spread in a stock is $49.36 by $49.37, and you place a market order to buy 500 shares, you may expect it to fill at $49.37. In the fraction of the second it takes for your order to reach the exchange, something might happen or the price could change. The price you actually get maybe $49.40. The $0.03 difference between your expected price of $49.37 and the $49.40 price you actually end up with is called slippage. Order Types and Slippage Slippage occurs when a trader uses market orders. Market orders are one of the order types that are used to enter or exit positions (a position is your buy/sell price and stance on an asset). To help eliminate or reduce slippage, traders use limit orders instead of..... Continue reading at: https://www.thebalance.com/day-trading-slippage-defined-1030866
How do you help a family member realize they are getting scammed?
M y brother is involved in a sketchy business that promotes to teach people how to trade in forex (foreign exchange). They claim that you can get rich if you learn the skills that they teach you on their online platform. You have to pay approximatly 200USD to gain acces to the platform and pay a monthly fee of around 150USD to stay on it. BUT when you convince two people to join and become members your membership is free for the next month. These are obvious signs of a scam and a pyramid scheme but my brother doesn't believe me. I have already sent him the video of John Oliver about MLM's but I'm not sure if he has already watched it. I'm not sure how to handle this because he keeps believing his 'friend' who has introduced him to this platform. The 'friend' uses big words and doesn't explain anything in detail and says the problems of the company in the past (i.e. getting convicted) have been solved. Any advise at all would be extremely helpfull. Also how to convince him in a way that he doesn't get estranged from the family.
I’m just generally curious. Have any of y’all heard about forex, foreign exchange? They say you make money based on changes in the market and it’s different from stocks. It’s like a $225 fee to get started. I’ve heard you have to get people on your “team” or recruit people and that’s how you make more money but I’m not 100% sure. I’m not sure if it’s a pyramid scheme or a scam or if it’s legit. Any ideas?
Rising senior. Unsure what to major in, and therefore don't really have much of a hook or spike in terms of ECs and all that. I do have some 'impressive' ECs according to people I know, but I'm not sure whether they 1) stack up against other top applicants or 2) tell any sort of coherent story. My dream school is Stanford, and of course it's a crapshoot for literally everyone, but I want to know if I have any chance at all. Background: State: Missouri Race: Indian Gender: Male Income: About 130K after taxes Stats: GPA: 4.0 weighted, 4.3 weighted ACT: 35 SAT (subject tests): 1550 (800 in US History, 750 in Math ll) ECs:
Startup FoundeCEO (10-12): Founded an education-focused startup that develops apps teaching little kids reading and writing, basic math, the fundamentals of history, etc. 1 million+ total downloads, 100K+ in revenue.
Podcast Co-Host (10-12): I run a podcast with two of my friends that covers topics in business, tech, and politics. We currently have about 10K downloads.
Investing (10-12): I do stock, option, crypto, and forex (foreign exchange, so basically exchanging currencies) trading. Have made 30K+ so far
Debate Team (VP of Public Forum) (9-12): Went to nats as a sophomore and a junior
Writing: I've published 7 essays and 3 short stories in various magazines. Also have written a novel that is in the process of being published, with a paid advance.
History Bowl Team (Captain)(10-12): Went to nats as a sophomore and a junior, was a finalist junior year
National History Day Competition (11): Qualified for nats
As you can see, I have no clear idea of goal of what I want to do with my life, since I enjoy everything from entrepreneurship to history. Do I have any chance, or is my application too scattered?
The Forex market is unique in that it operates 24 hours a day, 5 days a week. This is because it is always daytime somewhere in the world. Whereas a stock exchange operates according to its local office hours, the Forex market is not time-bound in the same way. It closes on weekends, but throughout the week it is always open. OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. Foreign exchange is the exchange of one currency for another or the conversion of one currency into another currency. Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market trades about $5 trillion per day. You can trade forex online in multiple ways. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
Here's why you'll NEVER make money in Forex. The Forex ...
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