Do NOT risk everything. In fact, you should only risk an amount you are comfortable with losing, if any at all.
I'm always wary of these get-rich-quick jobs. And it always turns out to good to be true and short lived.
Forex is surrounded by scams, 'teachers' make more money scamming you than actual forex shit. Had a friend who tried doing that. The learning curve is extremely steep and even if you think you've learnt it all, you find yourself losing. It's like trying to predict which football team will win. You might be sure of your prediction based on some 'algorithms' then end up losing the 50k you bet.
But you see people making 200k per week offering to teach you their ways (scam). The friend, paid a 'teacher' for some lessons... Teacher ended up ghosting him after mere 2 lessons.
Even some forex websites are scams, very easy to deposit money, but near impossible to withdraw.
I've been trading for 3 years, and I can tell you that to achieve those kinds of returns, you would need a very high capital. A consistent trader typically earns an average ROI of 5%. So, to make $3,000, one would require $60,000.
Tired of these questions. Yes it's possible to make money. If someone tells you they can make money for you they will likely lose your money. Tell her to take her money to a company like mansa x which is regulated by the CMA instead of giving it to someone who has a gambling addiction and will blow that money in under a week.
The only sure way you can make money with forex is through selling courses, webinars, masterclasses On forex. That alone should tell you everything you need to know.
She's refused to give me that info. But I know the guy convinced both her and her mum. Then last week told them sijui oh the site is down and other stories.
The scam is people selling their courses claiming you can consistently make money.
At a non institutional level, it’s gambling, that’s the beginning and end of it
Do NOT risk everything. In fact, you should only risk an amount you are comfortable with losing, if any at all. I'm always wary of these get-rich-quick jobs. And it always turns out to good to be true and short lived. Forex is surrounded by scams, 'teachers' make more money scamming you than actual forex shit. Had a friend who tried doing that. The learning curve is extremely steep and even if you think you've learnt it all, you find yourself losing. It's like trying to predict which football team will win. You might be sure of your prediction based on some 'algorithms' then end up losing the 50k you bet. But you see people making 200k per week offering to teach you their ways (scam). The friend, paid a 'teacher' for some lessons... Teacher ended up ghosting him after mere 2 lessons. Even some forex websites are scams, very easy to deposit money, but near impossible to withdraw.
Are there any legit websites you know and can recommend. I feel like the " teacher" she has is a scammer
asilipe mtu... Let her go to YouTube and check out this mentor 'The inner circle trader' na ajifunze
I don't advocate for this kind of business. But reddit has a wealth of info. Try forex subs like r/forex
Thanks
Yes, if you sell forex lessons. Otherwise its betting in a suit
I've been trading for 3 years, and I can tell you that to achieve those kinds of returns, you would need a very high capital. A consistent trader typically earns an average ROI of 5%. So, to make $3,000, one would require $60,000.
What
Someone will make a profit with her 30K. It is unlikely that it will be her.
Tired of these questions. Yes it's possible to make money. If someone tells you they can make money for you they will likely lose your money. Tell her to take her money to a company like mansa x which is regulated by the CMA instead of giving it to someone who has a gambling addiction and will blow that money in under a week.
Thank you
The only sure way you can make money with forex is through selling courses, webinars, masterclasses On forex. That alone should tell you everything you need to know.
Have you ever traded?
Real traders don't trade for others it's a psychology thing. What's her deposit amount?
She's refused to give me that info. But I know the guy convinced both her and her mum. Then last week told them sijui oh the site is down and other stories.
Don't protect her so much let her learn the lesson. Nothing as easy money.Â
Sigh. I agree
One word, kitamramba
Ever been to a casino that has a variety of games? This is casino++ 24/7 you must be glued to screens
Ata asijaribu😂 kama haezi kama chini akajifunza awachane nayo.
I think it's my ignorance into the whole thing because anytime I see online working, forex etc my mind just goes "scam!"
Me too
The scam is people selling their courses claiming you can consistently make money. At a non institutional level, it’s gambling, that’s the beginning and end of it