Is there a change that brokers discussed here are HYIPs?
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thread: Is there a change that brokers discussed here are HYIPs?

  1. #1
    Member van's Avatar
    32

    Is there a change that brokers discussed here are HYIPs?

    Some time ago I engaged in several forums about HYIPs (such as - http://www.talkgold.com/ )! I found out fast that 99.9% of progr offered on these forums aren't more then SCAMS. All those progr, companies or whatever you want to call it introducing themselves as Forex companies! Because of that I am quite sceptical about what I could expect here on this forum for example. Just wondering exactly what the change is going to be to loe on this forum also brokers who presenting themselves as Forex traders, but in reality aren't more then a HYIP! What's your view or expertise here? Thanks so much...

  2. #2
    Member van's Avatar
    32
    Ok, go with a well known broker, such as neuimex or gci - than you shouldn't have
    a issue.

    However, since moste people loose from the forex market, they have no need to deceive
    up you.

    Single thing that they trick their clients is, they tell them it's really easy to participate in the forex market -
    what seems like, every body who's able to see a market report, is able to earn
    money in the forexcurrency.

    So, to be sure you've understood that I am tryin' to reply your question
    - that they lure u in, however they largely don't cheat u open publicly enjoy these hyips.

    Ciao,
    What is regarding your view the reason why most people loose from the forex market?

  3. #3
    Junior Member irayps17's Avatar
    13
    What's regarding your view the reason why most people loose in the forex market?
    Incompetence!!! Over Confidence!!! My friend...

    The factor of fear and greed.

    Yes... forex have assuring profits. But people tend to be greedy and hold on too long. Here in forex, time frame goes by seconds unlike stock markets. In a split second you may lose everything u pump in. This will be caused by the leverage system.

    High profits comes with great risks...

  4. #4
    Member van's Avatar
    32
    It is acctually more like Roulette.
    Thanks for replying, but unfortunately you are not exactly answering my query...

  5. #5
    Thank you for responding, but sadly you aren't exactly answering my query...
    Ok, go with a well known broker, like neuimex or even gci - than you should not have
    a issue.

    However, since moste folks loose from the forex market, they have no need to cheat
    up you.

    Single thing they trick their clients is, that they tell them - it's so easy to take part in the forex market -
    what seems like, every body who is able to see a market report, can earn
    cash in the forex.

    So, to ensure you've understood that I am tryin' to answer your query
    - they lure u in, but they largely do not cheat u open openly like these hyips.

    ciao,

  6. #6
    As I've learned from many forums and experienced traders... Discipline is your term. No matter how great your system is or you might be as clever as Einstein. Without proper discipline... I propose do not trade forex. Coz I am confident that you wouldn't wanna sleep by the streets do you?

    No offense though...

  7. #7
    Junior Member Alvarixxo39's Avatar
    28
    Oh - yeah - nobody chooses e-gold. (cept Marketiva- but just of you are not in the states)
    Northfinance and neuimex (previously neurex) do shoot e-gold

  8. #8
    northfinance and neuimex (previously neurex) do take e-gold
    Thanks JSC77 - I didn't now that. It was a long time ago that I was looking for a broker that could take egold so I have not kept up with it. If US taxpayers are prohibited by the above do u know?

  9. #9
    Junior Member Alvarixxo39's Avatar
    28
    Thanks - I did not now that. It was a very long time ago that I was looking for a broker that could take egold so I haven't kept up with it. Do u know if the above prohibit US citizens?
    As far as I know, they let US citizens. Both use MT4. Testing neuimex today (demo), and it's going well so far. Offers microlot accounts, adequate spreads which decrease in accore with your account size, a huge choice of pairs when you trade routine lots, and host link is good.

  10. #10
    Member van's Avatar
    32
    The biggest surprise is that you truly cannot make 200 percent every day trading Forex.

    You do not have the refferal whores in forex so nobody is attempting to speak u into investing into anything, though you need to be on the lookout for the'systems' and training provided, as some can be quite pricey rather than teach you what you need to know.

    Got questions? Just ask, most traders in this forum and others are actually trying to help. I guess it's to do with giving back to some andfor others perhaps its cause you to learn more by teaching others.

    The motive 90% fail, IMHO is that trading is a company and greatest conducted like that. If you begin to gamble or are searching for excitement then you will lose. Forex is not blind gaming just like HYIP's.

    Non - yeah - nobody takes e-gold. (cept Marketiva- but just of you are not in the countries.)

    As stated earlier, end up a reputable broker - you should not have to worry about your funds disappearing (not by the motive for the broker carrying off for the Bahamas)

    Good Luck
    Great explanation Mr. Green involving HYIPs Forex trading!

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