10 Ways to Avoid Losing Money in Forex - Investopedia

In these difficult times, please be aware of trading/investment scams

In these difficult times, when many people may be losing their jobs, I wanted to draw attention to share trading/investment scams.
They’re relatively easy to recognise if you’re familiar with their ways of working: they usually approach people out of the blue, offer fast or big returns, promote a lifestyle many of us wish we could have, don’t want to discuss the risks and they’re not regulated by the FCA.
Now I’m not a finance expert and don’t know the ins and outs of the regulatory work but I know that I should only deal with companies with a good public presence that are also FCA approved. If they start dodging questions, it’s a clear sign that they may be up to no good.
I was approached by someone on Reddit today offering investment account management promising returns in as little as 7 days. Their profile is full of photos of someone living a lavish lifestyle and sometimes looking at a few charts. They were super quick to respond to any question but suddenly went quiet when I asked about the FCA.
Again, I’m not an expert and some offers may be genuine. But now that many of us are struggling, it’s important to be extra careful and avoid potential scams as much as possible. The FCA has some good guidance on their website about these scams and how to avoid them. Stay safe, all.
submitted by mechanical_banana to UKPersonalFinance [link] [comments]

Former investment bank FX trader: some thoughts

Former investment bank FX trader: some thoughts
Hi guys,
I have been using reddit for years in my personal life (not trading!) and wanted to give something back in an area where i am an expert.
I worked at an investment bank for seven years and joined them as a graduate FX trader so have lots of professional experience, by which i mean I was trained and paid by a big institution to trade on their behalf. This is very different to being a full-time home trader, although that is not to discredit those guys, who can accumulate a good amount of experience/wisdom through self learning.
When I get time I'm going to write a mid-length posts on each topic for you guys along the lines of how i was trained. I guess there would be 15-20 topics in total so about 50-60 posts. Feel free to comment or ask questions.
The first topic is Risk Management and we'll cover it in three parts
Part I
  • Why it matters
  • Position sizing
  • Kelly
  • Using stops sensibly
  • Picking a clear level

Why it matters

The first rule of making money through trading is to ensure you do not lose money. Look at any serious hedge fund’s website and they’ll talk about their first priority being “preservation of investor capital.”
You have to keep it before you grow it.
Strangely, if you look at retail trading websites, for every one article on risk management there are probably fifty on trade selection. This is completely the wrong way around.
The great news is that this stuff is pretty simple and process-driven. Anyone can learn and follow best practices.
Seriously, avoiding mistakes is one of the most important things: there's not some holy grail system for finding winning trades, rather a routine and fairly boring set of processes that ensure that you are profitable, despite having plenty of losing trades alongside the winners.

Capital and position sizing

The first thing you have to know is how much capital you are working with. Let’s say you have $100,000 deposited. This is your maximum trading capital. Your trading capital is not the leveraged amount. It is the amount of money you have deposited and can withdraw or lose.
Position sizing is what ensures that a losing streak does not take you out of the market.
A rule of thumb is that one should risk no more than 2% of one’s account balance on an individual trade and no more than 8% of one’s account balance on a specific theme. We’ll look at why that’s a rule of thumb later. For now let’s just accept those numbers and look at examples.
So we have $100,000 in our account. And we wish to buy EURUSD. We should therefore not be risking more than 2% which $2,000.
We look at a technical chart and decide to leave a stop below the monthly low, which is 55 pips below market. We’ll come back to this in a bit. So what should our position size be?
We go to the calculator page, select Position Size and enter our details. There are many such calculators online - just google "Pip calculator".

https://preview.redd.it/y38zb666e5h51.jpg?width=1200&format=pjpg&auto=webp&s=26e4fe569dc5c1f43ce4c746230c49b138691d14
So the appropriate size is a buy position of 363,636 EURUSD. If it reaches our stop level we know we’ll lose precisely $2,000 or 2% of our capital.
You should be using this calculator (or something similar) on every single trade so that you know your risk.
Now imagine that we have similar bets on EURJPY and EURGBP, which have also broken above moving averages. Clearly this EUR-momentum is a theme. If it works all three bets are likely to pay off. But if it goes wrong we are likely to lose on all three at once. We are going to look at this concept of correlation in more detail later.
The total amount of risk in our portfolio - if all of the trades on this EUR-momentum theme were to hit their stops - should not exceed $8,000 or 8% of total capital. This allows us to go big on themes we like without going bust when the theme does not work.
As we’ll see later, many traders only win on 40-60% of trades. So you have to accept losing trades will be common and ensure you size trades so they cannot ruin you.
Similarly, like poker players, we should risk more on trades we feel confident about and less on trades that seem less compelling. However, this should always be subject to overall position sizing constraints.
For example before you put on each trade you might rate the strength of your conviction in the trade and allocate a position size accordingly:

https://preview.redd.it/q2ea6rgae5h51.png?width=1200&format=png&auto=webp&s=4332cb8d0bbbc3d8db972c1f28e8189105393e5b
To keep yourself disciplined you should try to ensure that no more than one in twenty trades are graded exceptional and allocated 5% of account balance risk. It really should be a rare moment when all the stars align for you.
Notice that the nice thing about dealing in percentages is that it scales. Say you start out with $100,000 but end the year up 50% at $150,000. Now a 1% bet will risk $1,500 rather than $1,000. That makes sense as your capital has grown.
It is extremely common for retail accounts to blow-up by making only 4-5 losing trades because they are leveraged at 50:1 and have taken on far too large a position, relative to their account balance.
Consider that GBPUSD tends to move 1% each day. If you have an account balance of $10k then it would be crazy to take a position of $500k (50:1 leveraged). A 1% move on $500k is $5k.
Two perfectly regular down days in a row — or a single day’s move of 2% — and you will receive a margin call from the broker, have the account closed out, and have lost all your money.
Do not let this happen to you. Use position sizing discipline to protect yourself.

Kelly Criterion

If you’re wondering - why “about 2%” per trade? - that’s a fair question. Why not 0.5% or 10% or any other number?
The Kelly Criterion is a formula that was adapted for use in casinos. If you know the odds of winning and the expected pay-off, it tells you how much you should bet in each round.
This is harder than it sounds. Let’s say you could bet on a weighted coin flip, where it lands on heads 60% of the time and tails 40% of the time. The payout is $2 per $1 bet.
Well, absolutely you should bet. The odds are in your favour. But if you have, say, $100 it is less obvious how much you should bet to avoid ruin.
Say you bet $50, the odds that it could land on tails twice in a row are 16%. You could easily be out after the first two flips.
Equally, betting $1 is not going to maximise your advantage. The odds are 60/40 in your favour so only betting $1 is likely too conservative. The Kelly Criterion is a formula that produces the long-run optimal bet size, given the odds.
Applying the formula to forex trading looks like this:
Position size % = Winning trade % - ( (1- Winning trade %) / Risk-reward ratio
If you have recorded hundreds of trades in your journal - see next chapter - you can calculate what this outputs for you specifically.
If you don't have hundreds of trades then let’s assume some realistic defaults of Winning trade % being 30% and Risk-reward ratio being 3. The 3 implies your TP is 3x the distance of your stop from entry e.g. 300 pips take profit and 100 pips stop loss.
So that’s 0.3 - (1 - 0.3) / 3 = 6.6%.
Hold on a second. 6.6% of your account probably feels like a LOT to risk per trade.This is the main observation people have on Kelly: whilst it may optimise the long-run results it doesn’t take into account the pain of drawdowns. It is better thought of as the rational maximum limit. You needn’t go right up to the limit!
With a 30% winning trade ratio, the odds of you losing on four trades in a row is nearly one in four. That would result in a drawdown of nearly a quarter of your starting account balance. Could you really stomach that and put on the fifth trade, cool as ice? Most of us could not.
Accordingly people tend to reduce the bet size. For example, let’s say you know you would feel emotionally affected by losing 25% of your account.
Well, the simplest way is to divide the Kelly output by four. You have effectively hidden 75% of your account balance from Kelly and it is now optimised to avoid a total wipeout of just the 25% it can see.
This gives 6.6% / 4 = 1.65%. Of course different trading approaches and different risk appetites will provide different optimal bet sizes but as a rule of thumb something between 1-2% is appropriate for the style and risk appetite of most retail traders.
Incidentally be very wary of systems or traders who claim high winning trade % like 80%. Invariably these don’t pass a basic sense-check:
  • How many live trades have you done? Often they’ll have done only a handful of real trades and the rest are simulated backtests, which are overfitted. The model will soon die.
  • What is your risk-reward ratio on each trade? If you have a take profit $3 away and a stop loss $100 away, of course most trades will be winners. You will not be making money, however! In general most traders should trade smaller position sizes and less frequently than they do. If you are going to bias one way or the other, far better to start off too small.

How to use stop losses sensibly

Stop losses have a bad reputation amongst the retail community but are absolutely essential to risk management. No serious discretionary trader can operate without them.
A stop loss is a resting order, left with the broker, to automatically close your position if it reaches a certain price. For a recap on the various order types visit this chapter.
The valid concern with stop losses is that disreputable brokers look for a concentration of stops and then, when the market is close, whipsaw the price through the stop levels so that the clients ‘stop out’ and sell to the broker at a low rate before the market naturally comes back higher. This is referred to as ‘stop hunting’.
This would be extremely immoral behaviour and the way to guard against it is to use a highly reputable top-tier broker in a well regulated region such as the UK.
Why are stop losses so important? Well, there is no other way to manage risk with certainty.
You should always have a pre-determined stop loss before you put on a trade. Not having one is a recipe for disaster: you will find yourself emotionally attached to the trade as it goes against you and it will be extremely hard to cut the loss. This is a well known behavioural bias that we’ll explore in a later chapter.
Learning to take a loss and move on rationally is a key lesson for new traders.
A common mistake is to think of the market as a personal nemesis. The market, of course, is totally impersonal; it doesn’t care whether you make money or not.
Bruce Kovner, founder of the hedge fund Caxton Associates
There is an old saying amongst bank traders which is “losers average losers”.
It is tempting, having bought EURUSD and seeing it go lower, to buy more. Your average price will improve if you keep buying as it goes lower. If it was cheap before it must be a bargain now, right? Wrong.
Where does that end? Always have a pre-determined cut-off point which limits your risk. A level where you know the reason for the trade was proved ‘wrong’ ... and stick to it strictly. If you trade using discretion, use stops.

Picking a clear level

Where you leave your stop loss is key.
Typically traders will leave them at big technical levels such as recent highs or lows. For example if EURUSD is trading at 1.1250 and the recent month’s low is 1.1205 then leaving it just below at 1.1200 seems sensible.

If you were going long, just below the double bottom support zone seems like a sensible area to leave a stop
You want to give it a bit of breathing room as we know support zones often get challenged before the price rallies. This is because lots of traders identify the same zones. You won’t be the only one selling around 1.1200.
The “weak hands” who leave their sell stop order at exactly the level are likely to get taken out as the market tests the support. Those who leave it ten or fifteen pips below the level have more breathing room and will survive a quick test of the level before a resumed run-up.
Your timeframe and trading style clearly play a part. Here’s a candlestick chart (one candle is one day) for GBPUSD.

https://preview.redd.it/moyngdy4f5h51.png?width=1200&format=png&auto=webp&s=91af88da00dd3a09e202880d8029b0ddf04fb802
If you are putting on a trend-following trade you expect to hold for weeks then you need to have a stop loss that can withstand the daily noise. Look at the downtrend on the chart. There were plenty of days in which the price rallied 60 pips or more during the wider downtrend.
So having a really tight stop of, say, 25 pips that gets chopped up in noisy short-term moves is not going to work for this kind of trade. You need to use a wider stop and take a smaller position size, determined by the stop level.
There are several tools you can use to help you estimate what is a safe distance and we’ll look at those in the next section.
There are of course exceptions. For example, if you are doing range-break style trading you might have a really tight stop, set just below the previous range high.

https://preview.redd.it/ygy0tko7f5h51.png?width=1200&format=png&auto=webp&s=34af49da61c911befdc0db26af66f6c313556c81
Clearly then where you set stops will depend on your trading style as well as your holding horizons and the volatility of each instrument.
Here are some guidelines that can help:
  1. Use technical analysis to pick important levels (support, resistance, previous high/lows, moving averages etc.) as these provide clear exit and entry points on a trade.
  2. Ensure that the stop gives your trade enough room to breathe and reflects your timeframe and typical volatility of each pair. See next section.
  3. Always pick your stop level first. Then use a calculator to determine the appropriate lot size for the position, based on the % of your account balance you wish to risk on the trade.
So far we have talked about price-based stops. There is another sort which is more of a fundamental stop, used alongside - not instead of - price stops. If either breaks you’re out.
For example if you stop understanding why a product is going up or down and your fundamental thesis has been confirmed wrong, get out. For example, if you are long because you think the central bank is turning hawkish and AUDUSD is going to play catch up with rates … then you hear dovish noises from the central bank and the bond yields retrace lower and back in line with the currency - close your AUDUSD position. You already know your thesis was wrong. No need to give away more money to the market.

Coming up in part II

EDIT: part II here
Letting stops breathe
When to change a stop
Entering and exiting winning positions
Risk:reward ratios
Risk-adjusted returns

Coming up in part III

Squeezes and other risks
Market positioning
Bet correlation
Crap trades, timeouts and monthly limits

***
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
submitted by getmrmarket to Forex [link] [comments]

The Last Time I Write Another One of These Cringey Things (I hope...): Part 2892, The Worst Sequel and Wall of Text, ever

Hiya, folks...! It's another wall of text from some random person who could be doing just about anything else except for this... Who's ready for some paragraphs from some stranger?
I know you'd rather be doing anything else, or maybe not haha.. But it does mean a lot if you do take the time to try to attempt to accurately type me... I will DEFINITELY NOT overthink it this time, and take your consideration FULLY to heart, and stop overthinking my MBTI type and live happily ever after! (Hahahahhaha...! ... ...)
...
Ok, let's begin!

I am a freshly 23 year old male that likes to do average Redditor bullcrap. Video games, memes, music, making my finger go up and down endlessly while staring at a glass LED screen with pixels on it while feeling like I've accomplished nothing. Just average stuff, I suppose. I'm not really that interesting tbh...
I work at home and I am just "vibing", as the kids say. I have some long term projects planned, but I'm at least trying to rest up from a really shitty 7 years that I've had back to back to back so... Nothing really insightful to write here haha..
Likely several... I had a very traumatic childhood that I constantly gaslight myself about like saying things like "it wasn't that bad, people have it worse" and much worse..
I disassociate from reality every 2.5 seconds, can't focus, have terrible insomnia, EXTREMELY low energy, mood swings, brain fog, random body pains 24/7, seventeen billion repressed emotions which don't help out anything else that I'm dealing with, memory problems, and I need caffeine to do the bare minimum of just about anything on most days, but some of that could be average American problems.
I've suspected I have some form as Aspergers, and probably A TON of mental illnesses, such as OCD, anxiety, depression, and maybe a personality disorder.
My upbringing is a very mixed bag overall. I would not say I had a typically "tragic" childhood (there goes me gaslighting myself LOL) because people have DEFINITELY had it worse than me. But I can't sit here and pretend everything I went through was "normal". To attempt to sum it up, I basically was a "gifted" kid who got good grades throughout school and maintained my image of being this perfect kid, but meanwhile in the shadows, I was just slowly dying inside and suffering from a lot of imposter syndrome (amongst other things), which I'd definitely would say is warranted because I was NOT cut out for anything in school and it showed. I basically faked my way through school, got burnt out EARLY but got mega burnt out by senior year, and basically started college with no plan but somehow still managed to graduate (barely) and just kinda end up where I am now.
As far as a religious upbringing is concerned, I definitely was heavily influenced by religion, in kind of a negative way (?) Religion and I have a VERY weird relationship. On the one hand, I guess I love my religious friends, the lessons I learned from it, and a lot of what it says, but on the other hand I can not ever be a part of one mostly because of some of the dogmatic thinking and extremely toxic aspects to it that people use to justify hate and violence, and that's not really my type of thing. Also, I used to be really kinda "uppity" or arrogant about my religion, and now I DESPISE seeing the same type of "holier than thou" attitude projected. It kinda irks me on the inside.
Looking back, my response to it all was a major polarity shift from one extreme, to the other, and now where I'm at, I can look back at both sides and take the good from both. What do I mean by that? Welllllll... I mentioned earlier how I can't stand the "holier than thou" type, and for a while, that was DEFINITELY me. I was REALLY into it and took it extremely serious. I wouldn't mind being called "lame" or "whack" for having my faith, but looking back, it really made my quality of life kinda worse because I did have those strong beliefs and those off-putting characteristics that ostracized me from my peers and some potentially great experiences. I grew out of this and then became an EXTREME atheist, and for a while, it felt freeing. I felt better, smarter, edgier, and just superior, but looking back, I was just cynical and a total asshole, and arguably worse than the "holier than thou douche persona" that I had growing up. Luckily, my extreme atheism phase kinda fizzled out after some other trauma that happened around the time I became an atheist, and now, I can respect religion and be open to it, the ideas, and the amazing things that come from it while also maintaining my independent thinking but not to the point of being "hur dur be skeptical and point out everything wrong with religion all the time and be an asshole for no reason to religious people", if that makes any sense.
As far as my relationship to the structure in my life.. It's kind of a mixed bag. I had a pretty suffocated childhood, and I wasn't allowed certain things, but I guess it wasn't really all that bad in the end, or at least as it could've been. Most of this was just protection from a single parent who just didn't want anything to me and wanted me to be the best I could be in life, and I can respect this and look back on some parts of my structured childhood with fondness. But I most certainly got sick of it all by the time I was almost finished with highschool and in a lot of my college career. I basically used to be Mr. Structured. I had everything organized, I was neat, clean, got everything done at the right time, all the good stuff. But my brain just got tired of maintaining that forever, because I was already pretty much bad at life, but I was forced to just continue faking everything until something happened. So, by the end of high school, I lost all of those characteristics and became extremely sloppy. But I really do blame that on being physically tired. Being as organized as I was was TAXING because of how I overdid it. And now, thinking back, a lot of my structuredness was just on the surface level, and it was me trying to live up to everyone's standards and be just on top of everything, all the time, at a VERY unhealthy level, and that's probably what burnt me out too. I was addicted to the image of being this extremely put together person who has their shit together, while not having absolutely any shit to get together because I was withering away inside faster than fresh cotton candy from the fair melts in your mouth when your mouth is dry.
So, basically to sum it all up, I was a really clean cut religious smart "gifted" kid who wasn't really that, at all (AND I still don't know who I am now tbh haha) and I got tired of putting on that image all the time and turned to a dirty neckbeard atheist cynic for a short time, and then balanced out to whatever the fuck I am now because I wear 238234 different masks for each and every occasion, but THAT'S a different story haha.. I look back at both equally cringey and horrible chapters of my life with some scorn for myself and the times, but overall a much more understand a balanced perspective, because I had to go through it all to be me, and I'm just glad I can be here now. I'd say I definitely liked moments from those chapters, but overall, I'm much happier where I'm at now, which is not nearly as anally obsessive at the concept of being structured and not nearly as hyper-faithful to my religion or just a total asshole piece of shit atheist.
Right now, I'm sorta half employed. I do trade a bit on the Forex markets from signals groups and make enough to help out my family, and buy myself things here and there. I'm only really doing this because I went through a really shitty 7 years and I just need time to myself to kind of figure out, A LOT (clearly, as you can see by reading this HORRIBLE reddit post LOL) and rest. I just like the amount of freedom I have, and the money. I really like the idea of me having money saved and ready for any emergency, or family member or friend. I just need money to help out, stay safe, and to have time for myself to rest and take care of my health, or just pursue all the hobbies I missed out on, and I'm totally fine doing this the rest of my life. I don't really need or want that much in life, and I've always kind of been like this. I just want things to be peaceful and simple, so that my mind can be at ease and to just have free time for myself and a solution for any random chaotic emergency that happens because my mind always thinks of the worst that can happen by catastrophizing literally everything ever in the world. So my "career" is just a means to an end, like I'm sure a lot of people's careers are, unless you happen to have a passion or something, which is also amazing.
I do like writing, and I do wanna finish my book. I daydream a lot about it, and sometimes that's much more fun than actually writing it, but I do wanna finish it, but I also want it to be absolutely perfect and plothole free, and much more. I also wanna do YouTube and Twitch, but I feel like I have a lot to do as a person before I can freely be on those sites as a full person/"influencer" (I have so many mixed feelings about having a full time career as an influencer and having my life under that much pressure and scrutiny, BUTTTTT that's a different discussion...), so I might pursue those slowly or just freestyle it for fun. Those were my big dreams as a kid, but growing up, I see that writing a good book is damned hard (worth it, but hard) and being a Youtubesocial media star is a different world entirely, and I don't know how I feel about it. Like, I know I'd never be a Shane Dawson (YIKES) or Cryaotic (EWWWWW) but to even just disappoint one person, or have any sort of fuckup, or.. I don't know where I'm going with this... Basically, everything I suffer from now would only be amplified by having a YouTube career, my people pleasing tendencies, my over obsession with being perfect for others/myself, my workaholic tendencies, my being hard on myself, my fear of fucking anything up, and my imposter syndrome, those would all go BRRRRRR if I got any decent success on YouTube, so... *Phew*
That's my weird relationship with my life, and where I wanna go with it. To be honest, I'd be happy where I'm at right now, because at the end of the day, as long as I'm healthy and my family is happy, I'm ok, but a part of me also wants to live out those big dreams like having my book be a thing and animated, and being a good YouTuber, meme maker, Twitch streamer, all the above at the same time but my insecurities are like "BWAHAHAHAHA", so I'm just like: -_- But I'll figure it out! Hopefully..
Hm... Interesting question. Honestly, I'd never feel lonely on weekends by myself. Even when my friends are doing better things or aren't around, I don't really feel lonely I guess. Most of the time I have weekends alone, I feel pretty refreshed I suppose. It's kinda hard to tell haha.. This feels more like a circumstantial question where a myriad of things that are going on during the hypothetical week or just in my life/mind would determine this answer. Sometimes I just need that weekend to recharge and be alone and in my thoughts, or watching Netflix or being an absolute video game degenerate while dancing alone in my room and eating junk food. And sometimes, I like to be out and about with my friends, or just doing stuff. I probably lean more towards refreshed though, overall in a general sense.
BIG YIKES. I feel like a non human that doesn't belong on this planet or universe 99% of the time. I'm VERY slow, awkward movements, jittery, sometimes it looks like I was born yesterday with my grasp on physical reality, but yet, I do interestingly enough find myself loving to sweat and workout. I don't really have the coordination for any type of real sport, but I do like walks and I would run if I lived in an area where I could have a private or peaceful run where I would not be interrupted or seen by anyone because I look HIDEOUS running. I won't say I could never get into running at a professional or serious level, like with a group, but I'd just say it's more unlikely, for now. It sounds really exciting and interesting to be good at something physical, and I have always admired people who could do really sick stuff in sports, and I've always wanted to do it. But, right now, my uncoordinated ass will stick to just riding my exercise bike occasionally to burn off some restlessness and help me sleep betteperform better because working out makes my brain feel oddly stable lol. (I guess that's why I have such a fascination with physical stuff even though I am absolutely hopeless in most of it in the grand scheme of things)
I don't know if I'd say I'm curious, I guess I just think a lot. Like, I'll see something or watch something and daydream about it all the time, making new ideas out of it in my head or creating something new with it, trying to take it a new level or understand it at a different level, if that makes sense. Like, I'll sort of mentally digest something and that's what gives me inspiration, or ideas. I take in everything as I go and make up new shit with it later on (LOL this sounds like regular human being talk, because everyone does this).
I would say I have a lot of ideas on everything. I daydream about random chapters in my book a lot, like full on scenes. I'll daydream about a new melody for a song I've never heard with lyrics, and I'll try to make lyrics in my head and extend the melody. I'll daydream about my interactions in life, and just how I could have responded differently, or maybe what the other person is thinking, or feeling, or stuff like I wonder if they're okay. I'll daydream about new memes I can make, or me in an interview (OMG MEGA CRINGE ROFL). I pretty much daydream about... Everything. And then I'll daydream about what I'm daydreaming about, and why I'm doing it, and it gets too meta at that point. (this could very well just be maladaptive daydreaming and NOT indicative of any cognitive function ROFL)
Nope, nuh uh. I am too much of a people pleaser and pushover. I'd be dead or betrayed before my first week is over. The thing about me is that generally, I feel like I'd be a terrible leader because I can overthink a lot, all the time, and I'd be slow to action and prone to analysis paralysis and extreme people pleasing tendencies. I can also be conflict avoidant, and just want people to be happy, so I'd let a lot of stuff slide that I maybe should not. Now, don't get me wrong, I can be firm and tough when needed, but eventually that'd be too much for me to bear, and I couldn't be in a position like that for long. I genuinely hope I never become a leader, because even when I'm looking back to five minutes ago, I can say that "ew, that's cringe bro", so I clearly have a lot of work to do before I have something that serious on my plate.
HAHAHHAHAHHAHAHAHA. Funny question. But.. Yeahhhhhhh... No. I am NOT coordinated. I can barely walk in my kitchen without the fear of me accidentally turning wrong or moving incorrectly and just breaking something or knocking over everything in the kitchen. SOMETIMES I'm in James Bond mode, and it feels like I can do anything physical, and I feel aware of everything, my body, my surroundings, and I can actually move like a human being, but that usually doesn't last long. I can do just the bare minimum that an average human can do, but MUCH MUCH worse and at a greater cost of my energy, and my mental energy trying not to fuck anything up because I have literally just been sitting at times and barely move and knock over EVERYTHING somehow, because that's just how much my body was not meant to be on planet earth and I maybe should have been incarnated as a slug, idk.
I'd describe myself as artistic, even if I haven't drawn in years LOL. But let me explain... I do still have a love for it, I just haven't really been able to practice. In general, my art is just aiming for whatever is in my brain, and I don't have a solid style. I'm just going for whatever I'm going for in the moment. I prefer a mix of realism with some "quirks", if that makes sense. While I haven't drawn in a while, this is how I'd imagine I'd want my art to look nowadays. Pretty realistic with perfect everything, perfect features, perfect environment or whatever I'm illustrating or going for (perfect features on a person, all the hair strands drawn individually, etc), with a mix of my own little "spice", if that makes sense. Back in the day, my art was just trying to copy classic anime, and while I have no problem with that style, I just wanna kinda make my own style, even if that is hard to verbalize lmao.
Alright guys.. I would write more, but I'm sleepy and some of this is getting dumb/boring (as if it wasn't already LOL). I'm glad you made it this far, and thank you for reading and putting up with this actual garbage fire of a post. Please take care of yourselves during these crazy weird times, and I hope you are doing well. I look forward to reading you guys responses (if I get any LOL).
Stay amazing, and stay healthy :3
submitted by big_throwaway___ to MbtiTypeMe [link] [comments]

STOCK MARKET COLLAPSE TOMORROW

I just needed a catchy title. tldr i'm probably going to exit most of my positions today and just take tomorrow off from trading.

this report comes out at 8:30am est, so BEFORE market open

Do i think everything will crash tomorrow and all of our beloved penny stonks will turn our portfolios a deep red? I would say it's about a 30% chance imo. Not too high, but we DEFINITELY need to be aware of this economic event on Friday.
Reason being, the private ADP report came out on tuesday. When i traded forex, i used this as a clue as to how the nonfarm payroll report would go. Nonfarm payroll has a big impact on the usd and the overall market in general.
The ADP National Employment Report measures levels of non-farm private employment. The Report is based on the actual payroll data from about 24 million employees processed by the Automatic Data Processing, Inc.
The estimates were 1.5mil new jobs in the private sector for july. the report came out with ....167,000 new jobs..
To me, this means that the nonfarm payroll report tomorrow is going to miss in a BIG way. I also think the unemployment rate MIGHT be higher than expected tomorrow too. IMO tomorrow will be a red day with some of these stocks potentially dropping >20%.
However, if the politicians come out tomorrow and announce the approval of the 2nd tendies package, we will all be saved. i'm expecting them to reach a deal monday or tuesday of next week though.
Plan accordingly and stay safe! Tomorrow we play defense
submitted by trevandezz to pennystocks [link] [comments]

iMarkets Live — IM Mastery Academy - STAY AWAY

So iMarkets live changed their name, and they’re called IM Mastery Academy now and yep, they’re still shitty and preying on people who have lost their jobs/can’t work/taking advantage of the awful situations people are in financially because of the pandemic.
My friend kept asking me to attend their online info session so I begrudgingly did and they basically take monthly fees if you don’t recruit certain quota of people, the leaders talk like pastors and it’s all so weird honestly, it was like a preacher selling me on Jesus and calling me a sheep saying that my 9-5 was me not “maximising my potential.” It’s definitely emotionally manipulative, saying how people who don’t join their academy and don’t make money independently are sheep, and how we’re disappointing our mothers like what, that’s just insane. If you want to learn Forex, there’s a million YouTube videos on it that teach you FOR FREE.
Obliviously didn’t do it but my friend had give my number to her mentor, who kept messaging me, for months, requesting video calls, and I kept giving excuses cuz I really didn’t feel like dealing with that lol. Finally got fed up, told her I’m not gonna do it and I’ll learn on my own. The mentor said she tried to learn it too and it’s hard to learn on one’s own and I said I’m smart enough to figure it out and blocked her.
Of course, I told my friend everything I could find online about this scam, about how it’s definitely a pyramid scheme and in life, there’s no “get rich quick” methods. I sent her countless articles, reputable sources and YT videos. In the end, all she said was this is a good opportunity for her and she’s gonna see where it goes. We haven’t talked since.
Just wanted to post and let people know that they’re under a new name and targeting vulnerable people like the vultures they are!! Stay safe and healthy everyone!!
submitted by wildeaboutyou to antiMLM [link] [comments]

Is personal algorithmic trading research still worth the effort?

Hi guys!

I am a bit new here. I am a 21M engineering student with a solid background in data science and finance now. I have a lot of free time currently and I've been curious about what was going on in the markets.

Recently I thought of some ideas, to create a bot capable to give trading suggestions on a given instrument (that could be stocks, forex, commodities, ...), based on previous data, sentiment analysis, and some other stuff, using technicals and deep learning. But is it even a realistic goal? I am not talking about creating the ultimate 100% success bot, rather something that would give even a slight edge over the market.
Just wanted to know about you guys' experience, and if some of you guys have been working on personal projects, how did it turn out?

Also stay safe everyone! We'll get through this crazy situation someday hopefully. :)
EDIT: reach out to me (marengo#0012) on Discord!
submitted by marengo10021 to algotrading [link] [comments]

Why China is Pumping China Stocks

Why China is Pumping China Stocks
TLDR: China is actively fighting domestic capital outflows. They are incentivising keeping funds on-shore by pumping the equity markets. Buy large China stocks (BABA, JD).
Inb4 pos or ban
The Economics
China has a fixed exchange rate regime. Blah blah RMB internationalization, blah blah offshore RMB (which is actually settled in US dollars). This places it within line C of the policy trilemma (which says, you can't sustainably have all 3). Since 2005 to about 2017, the government was moving towards free capital mobility because of large amounts of exports which fed the national forex reserves. You bet billions of RMB left China, which the government didn't really like at first because that reduced domestic investment and would contribute to a weaker RMB. Basically, China was trying to do all 3 which works for a short while... until your forex reserves run out.

https://preview.redd.it/g0nwsssoe7f51.png?width=580&format=png&auto=webp&s=0e46b6b2cfa12b351b30ff2c5567c2f9992e99b2

The Current Problem
The trade war has definitely been bad for China. I am going to try and skip politics, but basically foreign exchange reserves have been gapping down (official Chinese data is 100% fake). China is increasingly bellicose as well, which doesn't improve relations with trading partners who also buy with US dollars.
You can't exchange for US dollars anymore. For private citizens, you can only exchange for education purposes or travel . For companies, you need verification of invoices through both SAFE (State Administration of Foreign Exchange) and the tax offices. This used to take 24hrs, but is now taking 2-3 weeks for amounts >$500k. China also has US dollar denominated bank accounts. But unfortunately, you can't take it in cash unless you have the reasons above. Chinese media is also branding holding US dollars as unpatriotic, so I'm afraid my $50k in digital money might be subject to confiscation. If not, it's just fake money (can't take cash or wire out).
China has been brrrrrring to the pace of JPOW. Weapon of choice are muni and local bonds, which have been forced upon local banks. This creates a certain credit problem, but let's not worry about that until later.

https://preview.redd.it/maul8aope7f51.png?width=1200&format=png&auto=webp&s=36dd4665517ec7303b51aa1416517c9e0ea50bef

The Solution
China's pretty smart. All those RMB quotes are fake. You can try to get US dollars, but that is almost impossible now. Anyone who wants to buy RMB, contact me and we'll trade at the current price. So looking at the impossible triangle, free capital mobility has become nonexistent. In order to keep exchange rate stability (to avoid a sudden rush towards the door) and keep printing, free capital mobility needs to be 100% sacrificed.
How do you do that with a population that has seen the west and aspire to get out? You need to keep the money onshore. Thankfully, all Chinese are greedy and the equity markets are full of retailers that pump stocks up or down 10% per day. This is one of the reasons for the early July State Council report calling for everyone to buy stocks. Who's buying? Everyone. And if it drops, the national team takes over.
This creates a powerful incentive to fill the foreign reserves again. Foreigners (funds) would want to get in on the action. They will exchange their dollars for RMB, get those 20% gains, but eventually find out trying to get that money back into USD is impossible.
China has also been strengthening the RMB from 7.10 to 6.96 as of yesterday. Smart, because why would you want to sell an asset that's weakening? This is also a reason why China fears gold rallies - buying gold causes RMB to leave. Happily for the SAFE, some banks have stopped offering their paper gold products.
China will pump its domestic markets. Unless you have a Chinese account, the closest thing you can get to are mega names like Alibaba, JD and Tencent. I would avoid touching too small companies because of LK coffee problems.
Oh yeah the trade war? Well, pussies don't make money.
submitted by 1poundbookingfee to wallstreetbets [link] [comments]

Advice for forex, stocks, and similar instruments

I have been in for some time, and I am still learning. What I want to say is that there are three things that one should be weary of. 1)The market is not random. 2) You have to understand WHO controls this market and that they need to make a PROFIT in order for a market to exist, this is why you many people lose(they forget this) If the whole world is selling why did the market rise? Research please.3) when man was created, he ran. He rushed. He chased. This is why stophunts, fast motions exist. Also, you have to understand yourself and be able to observe, please stop watching people showing their profits and make your own. Also, many ask and are baffled how some people LITERALLY never lose. This is because many wait for 2-3 setups and take more than one trade in one setup. Example, I see a buy, I buy it 4 times ACCORDINGLY. In other words, you look for more entries as you are gaining more pips, points, or whatever unit you are using. Take time off. Never be a slave to anything. Drugs, sex, pleasure, anything. And please save money.BOOKS.BOOKSBOOKS. Also use common sense, PLEASE. Eve(not talki g forex books) Everyone stay safe and I wish you ALL self understanding wealth and prosperity. God bless.(What is true is unable to lay on the dark)
submitted by Reallifecharacter to Forex [link] [comments]

Bonds Trading! Predictable Source of Income…

You’re not sure what tomorrow holds. Crazy events are just too many. The pandemic has paralyzed so many things already. Besides that, you’ve seen protests, weird things that come with the elections…name it.
Right now, you know that to survive long-term, you need a predictable source of income fast. The great news is you can get started right away with bond trading, one of the safest ways to make money right now.
And no, you don’t have to wait forever. You can get into the day bond trading market and keep earning daily from this lucrative venture.
Why should you consider bonds as a predictable source of income for you?

Bonds are less risky

When you talk about markets, many people quickly think of the stock market. Others think of the forex markets. All these are huge markets but incredibly risky and volatile. In fact, there’s solid proof that most who get into the forex market fail. It mostly ends in premium tears.
Enters the bond market management. This is the backbone of the economy and one of the safest ways to trade out there.
Why?
Government entities rarely default. In the United States, government bonds are considered risk free. So, even though the pandemic has ruined most things, the bond market still stands. And you can still make a lot of money from it.

You can diversify

Okay, there’s no risk, great! But should you put all your eggs in one basket? No. You don’t have to. Bond investing can be diversified.
There are several types of bonds. These have different maturity terms. You can use this to minimize volatility and to ensure that your cash-flow is steady.
I recommend day bond trading if you want to have a consistent and dependable source of income. I can actually teach you how to do this on my Bond Market Mastery course.
On the other hand, you can also diversify and take up longer-term bonds for future ROI.

Low profile but extremely important

Do you love keeping a low profile? You’re tired of all the ads. You don’t want to keep promoting things on social media, blogs, calls, emails, or door to door to make a sale. In fact, you’re just looking for a way to quietly make money while you focus on other things that are important to you, like spending more time with your family.
If this describes you, then the bond market is an excellent and predictable income source for you. Once you learn how to do it well, it can give you that freedom that you’ve really been looking for.
A bond trading strategy is lower-profile but more important than even stock trading. You simply alter your portfolio considering the prevailing market conditions to maximize profit. Bonds are especially important since they affect the prevailing interest rates in an economy. In turn, this affects all sorts of lending and credit industries.

Better than savings accounts

Saving is crucial. Don’t spend all that you earn. However, pointless saving is useless. You’ll simply keep money in a bank waiting for a “rainy day”. And when that day comes, you use up all the money and remain broke.
The best thing to do is to grow your money. Consider doing this by putting money on the bond market instead. And to even start day bond trading to give you additional income. We’ve already figured out that it carries little to no risk.
What’s the best news about day bond trading?
You can make money from it daily. In fact, with the right strategy, you can be making considerable amounts of cash in minutes.

Bonds reduce your tax burden

You don’t want to lose most of your money to tax. Yes, pay your taxes. However, if you find a way to reduce the burden, take it. That’s what rich people do.
If you want to pay less in taxes, there are bonds that you can try out. As said, you should diversify your bond trading strategy. Day trading will pay your bills. Long-term trading will take care of your future. And tax-free bonds, such as municipal bonds at the federal or state level, will ease your tax burden.

Stop being uncertain about your financial future

Bond trading can change the game for you. It’s safe. It’s predictable. It’s lucrative. Ease the burden for yourself and your family by jumping into this profitable bandwagon.
submitted by seotrader0 to u/seotrader0 [link] [comments]

Bonds Trading! Predictable Source of Income…

You’re not sure what tomorrow holds. Crazy events are just too many. The pandemic has paralyzed so many things already. Besides that, you’ve seen protests, weird things that come with the elections…name it.
Right now, you know that to survive long-term, you need a predictable source of income fast. The great news is you can get started right away with bond trading, one of the safest ways to make money right now.
And no, you don’t have to wait forever. You can get into the day bond trading market and keep earning daily from this lucrative venture.
Why should you consider bonds as a predictable source of income for you?

Bonds are less risky

When you talk about markets, many people quickly think of the stock market. Others think of the forex markets. All these are huge markets but incredibly risky and volatile. In fact, there’s solid proof that most who get into the forex market fail. It mostly ends in premium tears.
Enters the bond market management. This is the backbone of the economy and one of the safest ways to trade out there.
Why?
Government entities rarely default. In the United States, government bonds are considered risk free. So, even though the pandemic has ruined most things, the bond market still stands. And you can still make a lot of money from it.

You can diversify

Okay, there’s no risk, great! But should you put all your eggs in one basket? No. You don’t have to. Bond investing can be diversified.
There are several types of bonds. These have different maturity terms. You can use this to minimize volatility and to ensure that your cash-flow is steady.
I recommend day bond trading if you want to have a consistent and dependable source of income. I can actually teach you how to do this on my Bond Market Mastery course.
On the other hand, you can also diversify and take up longer-term bonds for future ROI.

Low profile but extremely important

Do you love keeping a low profile? You’re tired of all the ads. You don’t want to keep promoting things on social media, blogs, calls, emails, or door to door to make a sale. In fact, you’re just looking for a way to quietly make money while you focus on other things that are important to you, like spending more time with your family.
If this describes you, then the bond market is an excellent and predictable income source for you. Once you learn how to do it well, it can give you that freedom that you’ve really been looking for.
A bond trading strategy is lower-profile but more important than even stock trading. You simply alter your portfolio considering the prevailing market conditions to maximize profit. Bonds are especially important since they affect the prevailing interest rates in an economy. In turn, this affects all sorts of lending and credit industries.

Better than savings accounts

Saving is crucial. Don’t spend all that you earn. However, pointless saving is useless. You’ll simply keep money in a bank waiting for a “rainy day”. And when that day comes, you use up all the money and remain broke.
The best thing to do is to grow your money. Consider doing this by putting money on the bond market instead. And to even start day bond trading to give you additional income. We’ve already figured out that it carries little to no risk.
What’s the best news about day bond trading?
You can make money from it daily. In fact, with the right strategy, you can be making considerable amounts of cash in minutes.

Bonds reduce your tax burden

You don’t want to lose most of your money to tax. Yes, pay your taxes. However, if you find a way to reduce the burden, take it. That’s what rich people do.
If you want to pay less in taxes, there are bonds that you can try out. As said, you should diversify your bond trading strategy. Day trading will pay your bills. Long-term trading will take care of your future. And tax-free bonds, such as municipal bonds at the federal or state level, will ease your tax burden.

Stop being uncertain about your financial future

Bond trading can change the game for you. It’s safe. It’s predictable. It’s lucrative. Ease the burden for yourself and your family by jumping into this profitable bandwagon.
submitted by seotrader0 to u/seotrader0 [link] [comments]

US dollar and Japanese yen surge ahead of Brexit deadline

Saxo
continue reading
submitted by Altruistic_Camel to econmonitor [link] [comments]

Why take the Regulated route?

Why take the Regulated route?
Rules & Regulations
https://eu.excentral.com/blog-article/?articleId=33427 Why have we chosen to be regulated by CySEC and what is the benefit for our investors?
The first thing you need to know is that CySEC falls under the branch of European regulators advocating for secure trading, and therefore embracing European regulations such as MiFID and MiFIR.
Trading in the Financial Markets is considered a highly-liquid, fast and complex investment. Therefore it is essential to have strong regulatory oversight such as CySEC to prevent malpractice and transgression. In the CFDs market, it is important to understand that there is no centralized body governing Forex.
Instead, there are a number of governmental and independent bodies that supervise forex trading around the world. These supervisory authorities regulate forex by setting standards which all brokers under their jurisdiction have to comply with. These standards ensure that Forex/CFD trading is ethical and fair for all parties involved.
But the question still stands to how regulation benefits you as a trader? With eXcentral being supervised by CySEC, investors can be more confident about the credibility we have, as a broker.

So, why not choose a non-regulated broker?

For a retail trader, the biggest risk of trading with a non-regulated broker is that of illegal activity or schemes. Fraudulent activities include excessive commissions, very loose spreads, hidden Terms and Conditions, and even restrictions on withdrawals.
Regulatory authorities can provide a level of protection for investors as they can be trusted to restrict, sanction or ban such unwarranted actions, and to safeguard investors when regulation has been breached.
eXcentral continues to work closely with CySEC on a daily basis, to ensure that all activity is overseen. This task is performed by various departments in the company, including marketing and account managers. By overseeing all business activities, eXcentral pursues its own and its regulator’s goal of offering traders a safe platform to access the Financial Trading Markets from.
https://eu.excentral.com/blog-article/?articleId=33427
Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing investing advice or a recommendation, or an offer of or solicitation for any transactions in financial instruments or a guarantee or a prediction of future performance. Past performance is not a guarantee of or prediction of future performance.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.42% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
submitted by eXcentralEU to excentral [link] [comments]

Gold and Silver rocket ride - 110k in 1 month

Gold and Silver rocket ride - 110k in 1 month
IMPORTANT: OVER 75% OF PEOPLE LOSE MONEY WITH CFD TRADING. IF YOU'RE A NOOB, DON'T EVEN THINK OF OPENING A CFD ACCOUNT. TRY MAKING CONSISTENT MONEY SWING TRADING ASX STONKS FIRST. THEN KEEP DOING THAT UNTIL YOU GET BORED AND WANT TO LOSE BIG MONEY VERY QUICKLY. ONLY THEN YOU MAY HAVE WHAT IT TAKES TO TRADE WITH LEVERAGE.
You most likely don't have my discipline and pain tolerance. Or my feel for risk/reward math. On top of this you need markets to play nice and a bit of luck.
I'm no wiz, but I know my strengths and weaknesses. I smell a good setup and prepare accordingly.
Hope you all nail your big opportunity when it shows up. If not, that's okay too. You'll keep getting chances. Be patient. Focus on small wins. Plus there's far more important things in life than being loaded.
------
How I lost 5k trading CFDs then turned it around
Back in April, I was playing with CFDs and nearly blew up my account. Started with $5k and dropped to almost zero because trading forex with leverage is a very stupid game. This is why IG gives you a demo account. But instead of using the demo account to learn how not to fuck up massively, I was using it to place giant YOLO shorts on US markets.
By being a bit less retarded on the forex trades I clawed back some losses then topped up the account with another $2.5k before starting to open small positions in gold. From 3 to 10 contracts depending on how confident I felt. Then smelling a massive opportunity, I ramped up the leverage by going with much larger positions.
Day 5
https://preview.redd.it/oqd955abwak51.png?width=1080&format=png&auto=webp&s=84aa309284c22117630899e39b8b1bfb89c670f3
Entering the silver trade
It was only after making decent profits in gold that I dared venture into silver. I wanted to enter silver around $18 but missed the boat after waiting too long for a dip. $20 was still great. Tons of upside left.
Silver is one nasty motherfucker to trade. It's a much smaller market than gold so the swings can be wild. Silver will play along nicely then suddenly fuck you really hard. If you use too much leverage you're basically waiting for your account to blow up. Stop losses will save you, but they can also kill your best trades. I didn't bother with stops for most of the ride because I'm an ASX_bets retard but also because I had ultra high conviction in the $25-27 price target.
Started with 25 contracts. I very nearly missed out on this mini pump. Some might call it luck.
Day 18
https://preview.redd.it/de8jozlexak51.png?width=1080&format=png&auto=webp&s=79d174c67a86754c7d9fd78aa594f88282c08834
Adding to my silver positions
Increased my position size once I had a profit buffer to protect against sharp drops. It's WAY easier to blow up a CFD account than it appears. When trades are going well you feel like you can keep adding leverage and make millions. But even small swings will kill you if your positions are too big. Discipline is key.
Buying 50 contracts in silver is not the same as 50 contracts in gold because silver moves are 2-4 times bigger. When gold moves 100 points, expect a 200-400 points move in silver. Having an equal mix of gold an silver contracts helped lower the overall volatility of my account.
Anything over 10 contracts in silver is big. You can lose hundreds within minutes. Buy 50 contracts, the price drops $1 and you're $5000 in the hole. I knew when to push and when to hold back. This was EXTREMELY important. I did not get greedy. I was happy to let price moves do most of the lifting.
Started the day with 3k profits. Went to bed that night with big beautiful bhags. 17k
https://preview.redd.it/qcbeoxvnxak51.png?width=1080&format=png&auto=webp&s=4228593b9d86cc5f0460f44af06c7292ea644625
Day 19
Woke up the next morning with even bigger bhags. 30k
https://preview.redd.it/9b439y5qxak51.png?width=1080&format=png&auto=webp&s=19e3ad27d7237bc88fdeb329ebcd113e11349554
Day 24
More pump. I added 50 silver contracts that day after a decent drop. Profits now up to around 41k.
Held through the big swings...
Like a proper bitch, Silver dropped another 5% soon after I added those 50 contracts and my 41k profit became 20k very suddenly. But no stop loss and I held firmly. What's a 21k drop when you've been down 35k on BBOZ before. Metals bounced back hard later that evening. Still not selling. High conviction made all the difference here.
Five days later and I was up to 50k profit.
At that point, I felt safe enough to add another 50 contracts.
https://preview.redd.it/j2at0n95zck51.png?width=1080&format=png&auto=webp&s=4a0ea2fabe6a245807fb9ee8a8d0bc4ce854ba3a
And it paid off BIG
Both gold and silver keep pumping. Profit now 86k.
Day 28
https://preview.redd.it/f3pz0an8zck51.png?width=1080&format=png&auto=webp&s=0ca765b6cad423786dee33a1366c70d324e39b8d
Why sell now?
Not selling yet. GV's silver target was $25-27 so I was confident holding through some wild swings.
GV = Gold Ventures https://twitter.com/thelastdegree
A turbo chad from Belgium who made a massive fortune trading options during 2008-2011 when silver went from $9 to $50 before crashing hard. GV is a certified wizard when it comes to timing the gold and silver cycles. Started with his wife's 32k savings and is now worth 18 million EUR or USD, I'm not sure and who cares. GV is pretty low key but commands plenty of respect from other metal traders on Twitter.
Meanwhile GV was on holiday but still shitting money.
https://preview.redd.it/ixsxwjx30dk51.png?width=1080&format=png&auto=webp&s=9fd5741634a7a5b0f913f5ea12edf05722f9fddf
GV also has a junior miner portfolio worth several millions. I believe it's true. I went deep into his Twitter history. He was buying heavily into the March crash and some of his picks like AbraPlata have since made 10x. Junior miners are like call options on metal prices with no expiry date but you still need to pick winners and enteexit at the right time.
Magical Six Figure Milestone
Not long after... BOOM! Hit 100k in profit.
When starting, I knew there was potentially 40k-50k to be made from this setup even without playing it perfectly. I would have been okay with 20k.
Day 32
https://preview.redd.it/oy8sqsgz1dk51.png?width=1080&format=png&auto=webp&s=a8c628670578b81d72b9a41bd9d2307a27a2fbf7
Start taking profits
Silver was still going strong but I felt it was time to de-risk.
So I started taking profits on both gold and silver around that time.
https://preview.redd.it/gvdqs67a2dk51.png?width=1080&format=png&auto=webp&s=64a77d3ccca86fe6e29eb43e0c2eaf096f68867c
Okay I'm out
The way silver kept pumping, I knew a big correction was imminent. By 12pm I was completely out with over 110k profit. Home and dry.
I went on with my daily work routine, a bit more relaxed and not checking charts every 5 minutes.
And then metals dumped hard.
There was money to be made on the short side but there was also a strong possibility of shorts being squeezed. So I didn't bother.
https://preview.redd.it/opoio79i2dk51.png?width=1080&format=png&auto=webp&s=80187384d37e03eec8d01814248bbe4c5a48cc4f
After the dump, I had no appetite to get back in with big positions. In hindsight I could have made tons more if I held to $29 but the ride from $24 to $29 is far more risky than $20 to $26. I'm quite okay with my 40x performance. Plus I needed to reset mentally after this rocket ride. More often than not, the best thing to do after a huge trading win is to take a break. Wisdom gained from the BBOZ days :)
Withdrew my initial capital and 90% of the profits from IG. Left around 6k on the account to keep playing.
https://preview.redd.it/1djdhz1m2dk51.jpg?width=1080&format=pjpg&auto=webp&s=c028a06d4e0cf73bfb80f8ac48dd18e333b791d4
Feels good to have extra funds to invest with but I also need to set some aside for the monster tax bill next year. You're welcome Australia, and all the JobSeekeJobKeeper leeches.
Hey everyone, check out my insane stats!
That 85% win rate though...
  • IG MARKETS - TRADE ANALYTICS - 29 JUNE TO 29 JULY
https://preview.redd.it/slkmhrlq2dk51.png?width=1272&format=png&auto=webp&s=b15b261144d3cd55c1d28530a80efd30c49f3125
Less impressive when zooming out to include the forex train wreck in April and my more recent metal trades.
  • IG MARKETS - TRADE ANALYTICS - 1 JANUARY TO 17 AUGUST
https://preview.redd.it/jam28zau2dk51.png?width=1272&format=png&auto=webp&s=99fd332c319984f1de28d1ec7e6a58df2754946d
-----
Credits to:
https://twitter.com/thelastdegree - already covered above
https://twitter.com/DaveHcontrarian - called the metals and S&P500 bull runs
https://twitter.com/AdamMancini4 - simple yet powerful charts
https://twitter.com/badcharts1 - advanced silver charts
https://twitter.com/graddhybpc - advanced gold and silver charts
https://twitter.com/Northst18363337 - another master of charts
https://twitter.com/bhagdip143 - ultimate master of monster position and making bhags
BTW fuck Facebook groups, you'll hardly learn anything there. Full of losers. Twitter is where the elite traders and big dick fund managers bounce ideas. A solid Twitter list is worth thousands if not millions in the right hands.
submitted by _HeyHeyHeyyy_ to u/_HeyHeyHeyyy_ [link] [comments]

Trading Ideas For Next Week [Week 2] (Part 1)

Trading Ideas For Next Week [Week 2] (Part 1)
Due to popular demand I've decided to bring this series back for a week 2 and I'll continue to release 3-5 trading ideas every Saturday. How do you guys feel about the name of this series? Would you like me to change the name to something like "Setup Saturdays" or are you guys cool with the current naming scheme?
So this week I wanted to be a lot more in depth in my analysis and setups since I didn't think I was super clear last week with my reasoning on some the setups. I want these posts to be as beginner friendly as possible because there's a lot more beginners in this Subreddit than I had realized. I want you to use this as an educational tool and not as a signal service as a result I'm going to give you possible trade setups and I want you to be the judge of whether you should enter once/if price gets to that point since I feel like that will benefit beginners in the long run. I got a couple questions about top down time frame analysis so that'll be a focus of today's post. Scroll down to NZDJPY if you really want an in-depth look at how I perform top down time frame analysis.
I'll include a picture of a chart and my TradingView chart so if you want to zoom in and out of the chart you'll have that ability to do so.
Quick Disclaimer: Some of the charts pricing might be off by a bit since I started working on this during the New York session on Friday. If any of the charts are impacted in a way that alters the setup I'll be sure to update the charts before I post this on Saturday. Just gotta hope that hope that Powell doesn't break the market or else I might have to redo this entire post.
AUDUSD:

AUDUSD Daily
TradingView Link For Daily: https://www.tradingview.com/chart/AUDUSD/Wb5K2bS8-AUDUSD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Which way is the trend pointing? It looks like it's pointing up which we can see with the green trend line but how about we zoom in to the 4 hour char to see if that's actually the case.
Tip: When drawing a trend line, especially on the daily and higher time frames, remember to hit as many wicks as possible since they are relevant and not just some anomaly you can ignore.

AUDUSD 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/AUDUSD/aah8294z-AUDUSD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: When we got close to where we are with price and we draw a Fibonacci Retracement from the point where price took off to the point where price peaked we can see that price came down to .5 Fibonacci level where it then started going up again. Coincidence? Possibly. As a result I believe that price could continue higher and it would be justified if it did. However, if we look at the trend lines we can see that price appears to have broke put of of our major trend line (Green) which means that price could fall to the downside if it's actually a breakout. Price then appears like it would then adhere to the new minor trend line (Red). There's also the possibility that this was just a fake breakout and price could go up and adhere to green trend line. I'm going to have a selling bias on this trade since price looks like it double topped at the highs of this year and it looks like we could see price fall. I'm leaning towards the drop of price due to the symmetrical triangle pattern created by the major and minor trend line and looks like price is going to get pushed down which we should get an idea of soon.
Tip: Every time price makes a large move and falls/rises after making a peak/valley always pull out the Fibonacci retracement tool to see if price will bounce from the .382, .5, or .618 levels as they are the most significant levels. This can tell you if you're going to likely get a trend continuation.

AUDUSD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/AUDUSD/IHgrnfYs-AUDUSD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: I drew out multiple different scenarios which I think can play out since like I said before we're not trying to predict a single movement but we're preparing to be reactive to an ideal condition which may be thrown at us. Remember that major trend line we drew in on the daily chart well it's going to play a large role here. This trend line has been in the making since March so we're not just going to brush it off. The trend line appears to have been broken and we seem to be sticking that minor trend line after the break of the symmetrical triangle pattern. After the break of the symmetrical triangle pattern price usually gets pushed heavily to one side and it looks like price is wanting to get pushed to the downside. As a result, I'm going to really keep on eyes on scenario the blue arrows display since I think it's the most probable. Looking at the scenario there are going to be two potentially good entry points for a sell. The first being when price goes up to retest the green trend line which would also serve as a bounce from our red trend line. Once we get that bounce we could enter in for a sell with a take profit hopefully somewhere around the .66 area. Another good entry would be when price breaks the zone of support of .68 and after it retests it. Wait for a confirmation candlestick pattern showing price will fall when retesting (i.e. railroad track, bullish engulfment candle, evening star, shooting star, etc.). Look for these candlestick patterns on the 15 minute chart. Once you got the confirmation take the sell and ride price down to the .66 zone. The other scenario that could occur is we could see price go back into the green trend line by breaking the red trend line (Orange Arrows). If this occurs we want to catch the retest bounce of the red trend line and ride price up to the high of the year which is at .702. At that point price could break the resistance at which point we could catch the retest of the zone and ride price up. Or it could go up to .702 create a triple top and fall. If you get a candlestick confirmation saying it'll fall then take a sell at the high of the year.
NZDUSD:
If there's something I really like in Forex it's definitely got to be harmonic patterns due to their high accuracy. NZDUSD just recently completed one of them and this is a really good indicator of what price is going to do.

NZDUSD Daily
TradingView Chart For Daily: https://www.tradingview.com/chart/NZDUSD/zQpHzUcK-NZDUSD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Yes, we have trend line that says that price is going up however I make exceptions for Harmonic patterns since they are accurate about 80%-90% of the time. The pattern you see above is know as a Bearish Bat Pattern. Like the name says it's an indicator that price is going to go Bearish so although the trend line is going up I'm going to have a bearish bias on this trade.

NZDUSD 4 Hour
TradingView Chart For 4 Hour: https://www.tradingview.com/chart/NZDUSD/C29kpCyO-NZDUSD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Not really much to add here just tossed on a Fibonacci retracement tool from where price took off to the peak just to check for any potential support from any of the major levels which we don't appear to have. We'll go a lot more in-depth on this pair on the 1 hour chart since that's where things get interesting.

NZDUSD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/NZDUSD/dKJatcM7-NZDUSD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at price we can see that since June 11th price has been trading in a boxed consolidation range. Again I drew out the possibilities I believe could be ideal for us. Remember that I said Harmonics work 80%-90%. Well that means that they fail 10%-20% of the time which is definitely not something we can neglect. We can see that there's a descending triangle which price is reaching the end of. This means that price is getting ready to move to one direction since big moves always come after consolidation. If it moves to upside wait for price to close above the the spot marked D then you can enter for a buy and ride price up to the .67525 zone where price could break to upside or bounce back down (Orange Arrow). Remember to wait for it to actually close above point D since it could create a triple top and drive price back down. It's the same procedure as AUDUSD here if it makes this move where if it breaks it then catch the retest and if it looks like it's wanting to fall down wait for a confirmation pattern. If it breaks the box to the downside and breaks the support zone then take a sell and ride price down to the trend line at which point you should close the trade as there's a chance price could move against you and it's best to secure profits while you can. Once at the trend line it could bounce and if it does you should be able to ride price up to that .67525 zone (Green Arrow). If price breaks the trend line then wait for the retest and you should be able to ride price down pretty far (Red Arrows). I think you should be able to ride it down to .5918 zone but you'll have to keep your on it.
EURNZD:

EURNZD Daily
TradingView Link For Daily: https://www.tradingview.com/chart/EURNZD/jzgmGcRe-EURNZD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Well we got a pretty clear descending channel and price looks like it's at the top part of the channel currently so we're going to want to look for some optimal selling conditions due to the down trend.

EURNZD 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/EURNZD/YzOpvcH7-EURNZD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at the 4 hour chart we can see that there appears to be a symmetrical triangle coming to it's end meaning price is getting ready to get pushed to a side. I believe it'll break the triangle and fall to the downside so once you see it break it would be a good idea to take a sell and ride price down to that support zone at 1.7187. Price could also briefly break to the upside then bounce off the top of the channel and it does take a trade from the bounce and ride price down to the same support zone. At that point, I'll leave it up to you to determine how you think price will go and what you should be looking for. Consider it to be a little quiz if you want to think of it like that. You've got my charts so use them as a reference since I've already marked some crucial support/resistance zones which we should keep our on for the next couple weeks.

EURNZD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/EURNZD/ICWvgEsg-EURNZD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: There's nothing that special on the one hour chart that I have to point out since I think we pretty much got all the big stuff out of the way on our analysis of the 4 hour chart. Be sure to get a good sell in there since there are two potentially good setups which I've outlined for you. Also be sure to be careful and wait for the bounce of the channel if price goes that way since there's a chance price could break the channel and I don't want you to take a loss because you were impatient.
NZDJPY:
This pair is going to be really fun since we're going to be looking through a lot of time frames so if you really want to learn about a top down approach to analyzing time frames and trends then pay very close attention to how I break down this trade.

NZDJPY Monthly
TradingView Link For Monthly: https://www.tradingview.com/chart/NZDJPY/jZh4F2Jv-NZDJPY-Monthly-For-Reddit-Post-6-20-U-AD3133/
Analysis: Yes, we're actually going to be looking at the monthly chart. I bet you guys don't do that very often. Looking at it we can see that price has been following a clear down trend line since late 2014. If you look at the wick of this month's candle you can see that it appears to have touched the trend line meaning we could see a good opportunity to catch a sell since it had just recently bounced off. Let's take a look at lower time frames to see if this continues to be true.

NZDJPY Weekly
TradingView Link For Weekly: https://www.tradingview.com/chart/NZDJPY/dpvI29BB-NZDJPY-Weekly-For-Reddit-Post-6-20-U-AD3133/
Analysis: When zooming into the weekly we can see that using the wicks of the candles we can actually draw a channel for the low portion that runs pretty much in parallel to the trend line we drew on the monthly chart. We can see that price clearly bounced from the trend line and I think this gives us good reason to believe in the coming weeks we could see the price drop. Also looking at the Bollinger Bands we can see that price also bounced from the top band which also supports a drop of price. Let's go into the daily to see if we can get a better idea.

NZDJPY Daily
TradingView Link For Daily: https://www.tradingview.com/chart/NZDJPY/NbWLURkU-NZDJPY-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at the daily time frame we can see that price is currently consolidated and remember big moves always come after consolidation. If you look closely however you can see that price looks like it's about to break the 200 day EMA (Orange line). If it breaks the EMA we could see price drop pretty far at an accelerated rate. Besides those couple observations there's not much else going on with the daily chart.

NZDJPY 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/NZDJPY/d1kaogH5-NZDJPY-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Would you look at that, it looks like we got a descending triangle on the 4 hour chart which looks like it's coming to an end. Looking at price it looks like it's wanting to push to the downside. Once you get a break below the lows of the day of June 11th I think it would be a safe bet to take a sell trade and ride it down for 66.825 for this week. If it breaks the 66.825 support zone then I'll definitely take a sell and try to ride price down to the bottom of the channel which we drew on the weekly chart. There's also the possibility that price could take support at any of these support zones and then head back up to test the top of the channel. At which point I'll be looking to get into a sell at the top of the channel but I won't ride price up to the channel since at this current point in time I feel like there's a large amount of risk in that.

NZDJPY 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/NZDJPY/83b47mFS-NZDJPY-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Not much more to add here since I think by this point we got the entire story so I'm not going to say much more about the 1 hour chart since I think the analysis for the 4 hour chart also sums this up pretty well.
Well that was a lot of information to go through and I hope you found some value in this since it took me quite a few hours to put this together for you guys. Truth be told, I spent most of Friday working on this so I hope at least one person finds some value in which case I'll consider it a win.
So you guys tired of me yet or do you want me to continue this series for a week 3? It takes a lot of time and effort to put this together so I'll only do it if people want it or else I'll pretty much feel like I wasted my time. I might put together a little lesson on how to use the COT in order to catch some big reversal moves in the market since the COT pretty much tells you what the hedge funds are doing and you also want to trade with the hedge funds and institutions. It'll probably take a couple weeks since I'll have to compile some data together and wait for a setup before putting that out but I'll be working on it. Are there any other things you may want explained? Let me know and I'll try to find setups which contain the topic you may want more details on. I hope you have a great trading week!
submitted by AD3133 to Forex [link] [comments]

I had a bit of fun today

A friend of mine was contacted via Linkedin by a member of PROCRYPTOFX!!!!!!! I decided to investigate a bit and... Well, this happened.

Welcome to our site, if you need help simply reply to this message, we are online and ready to help.
hey there, I would like to know a bit more about the company
It seems this tool is not working as intended
is it?
Hello
Your name please
why do you need my name though?
no offense, but I find you asking for my name straight away a bit weird
I am not registered in your website yet
We need to know who we chatting with
isn't a potential customer enough for you?
You welcome
So how can we be of help to you please
so I've seen you've been running since 2013 but I've never heard of you before
and I've seen you're registered in the UK
is that correct?
Yes that's correct
do you offer both cryptocurrency trading and forex trading?
Yes
any guarantee on my funds?
if I ever deposit?
Sure
We have an Auxiliary trading decoder we connect to our clients trading account
what does Auxiliary trading decoder mean?
It's a software used in trading
how does that software protect me in case the platform goes bankrupt?
I am asking since I read a lot about exit scams
That software prevent your account from losing trade
kind of a stop loss?
I am not talking about that kind of protection here
Yes
I am asking about the company liability
I mean
I understand
And your funds is 100% safe and guaranteed
Okay
I expected a more detailed answer here, no offense
I have provided you the answers you need
What other questions did you ask please?
as a customer worried about how the funds are guaranteed, this answer makes it look like you deliberately don't want to go into detail on the matter
again no offense, it is a big red flag to me
don't you think so?
We are the trading company and you don't expect us to give you our secrets of how we make our profit
I have never asked for that, and it's obvious how trading companies make profit
All you need to be worried about is your profit
I am asking which authority guarantees my funds
it's not that much of a deal, is it?
additionally, the question is answered in your regulation tab, something that you should be aware of to begin with
It's our duty to always protect our clients and their profit
Okay
your duty should be to provide customers with accurate information, and in this case the information I asked for is disclosed in your own website (red flag n2)
now my follow up question, if you don't mind
the FCA (yes, the answer I was looking for) is an UK authority, and I am an European citizen
how would Brexit affect my protection?
I am a bit worried since you are registered in the UK, and you state "As an investment firm authorised by a regulator of an EU Member State, Procryptofx Limited is allowed to offer its services on a cross border basis to the EU Member States that permit the provision of our services in their jurisdictions and we are duly registered with their respective competent authorities"
if I am not mistaken, no deal has been reached yet between the UK and the EU on the matter
could you guarantee the safety of my funds in the event of a hard Brexit?
hello?
are you there sir?
Yes
Your funds is safe
Talking about the UK and the EU
If they have any issues that does not mean it would affect your funds in the company
Okay
I see you are skeptical about this
skeptical? don't you thing these concerns are legit?
ok, I'm taking your word
one last question if you don't mind
are you actively recruiting?
I might have been contacted via Linkedin by a supposed procryptofx recruiter
What's the name of the person who referred you to us?
hold the line pls
Am waiting
Are you there
yes sir
trying to get the conversation
it looks like it vanished
just gimme a minute
she was a woman speaking on behalf of your company
but I am trying to get the name
Am waiting
thanks for your patience
We are always here to give you the best
her name is XXXXXXX
I see
She's one of our account manager
I see
thanks for letting me know
no more questions from my side
You welcome
So when do you intend to get started with us?
I'll create an account on the weekend!
submitted by WH4T15P0RN to Buttcoin [link] [comments]

Universal Bypass - Changelog

Universal Bypass

Changelog

403e242

32fce08

13.14.0

4efad54

13.13.1

fb4d832

13.13.0

970fd0c

13.12.4

13.12.3

e683d2e

13.12.2

d3af8c5

13.12.1

4eb5057

13.12.0

13.11.3

268aa5a

13.11.2

2f8dfbd

13.11.1

5630ad1

13.11.0

ecf59ee

13.10.3

13.10.2

fc95789

13.10.1

4e02ff7

13.10

c3fc857

13.9

cac4de7

13.8.5

13.8.4

8d38fd9

13.8.3

825167d

13.8.2

aedb2fe

13.8.1

ea9921b

13.8

2a0b327

13.7

7dbafa1

13.6.2

c993457

13.6.1

f612f04

13.6

35e1206

13.5.1

13.5

7d7a91b

13.4

4e8c2d0

13.3

7adc74e

13.2.1

13.2

5cb0e9f

13.1

df11aaf

13.0.1

9166983

13.0 — The Design Update

53e92b2

12.9.2

20c7c99

12.9.1

3816a8b

12.9

1dfbe81

12.8

9ecab92

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12.2

d183ae7

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2793696

12.0.1

fee1ebe

12.0 — The Updated Update

11.19.1

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11.17.2

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11.4.2

11.4.1

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11.1

11.0 — The Timed Update

10.47

10.46

10.45

10.44.1

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10.37

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10.30.1

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10.23.3

10.23.2

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10.21.1

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10.19.1

10.19

10.18

submitted by Hakorr to UniversalBypass [link] [comments]

Playing Safe on Forex trading

Hi guys. I'm basically new to trading forex despite studying for 10 months, I feel like I'm a no good trader. Just a small background, I tried to trade on real account after 4 months with a trading plan I copied from a forex guru and I lost 25% of my $100 in 3 months (very small account just to test my psychology). I decided to study again with the help of babypips and started demo trading 2 months ago by constructing my own trading plan which is based on trend/range trading. My problem is, I feel like I'm super playing it safe in trading. I've only had 4-6 trades in a month and an average win rate of 83% having 100-150 pips gain. I am currently looking at H1 and H4 timeframes. Do you think having 4-6 trades a month is a very small frequency given that i look at H1/H4 charts? How often do you guys trade for those who look at H1/H4 charts? Is there any advice you can tell me which will improve my trading frequency?
Thanks for taking the time to read and response on this post.
submitted by vivixdesu to Forex [link] [comments]

Message to all of my followers:

Hope everyone is having a good ass day today. This might be long. Please upvote so others are more likely to see in their feeds.
I have really wanted to start sharing my other forms of trading with you guys. I trade forex and did well this week betting on usd strength against the safe haven currency Japanese yen.
I’m also invested at $2,200 into a crypto currency called cindicator. I have 392,197 shares. Trying to get to 700,000 for access to their highest tier of trading indicators. I’ve followed this company for a long ass time and their product is great. If the price gets back to its high of $0.37, it’s a 6,959% profit for me. I’m expecting it to hit AT LEAST a dollar during this next bull run due to cnd/btc charts. Crypto currencies are similar to pennystocks in their volatility.
I also have very good evidence that bitcoin is about to start moving up very rapidly. The halving event that pushed it up to $20,000 just happened again two weeks ago. I and probably everyone else are expecting $100,000 bitcoin by October 2021 due to bitcoin stock to flow model. That indicator was designed by some billion dollar hedge fund manager and its accuracy is something I’ve never seen before. Please read the bottom half where it explains how that indicator works. Truly impressive.
I’m also learning how to trade SPY options, and I just made my first winning trade after a week of losing by buying SPY 298c 5/29
So my question is, are you interested in learning other forms of trading? By order of difficulty, we’d start with crypto currency. Mainly bitcoin and a handful of others. It’s pretty straightforward until you get into cold storage. Then forex which is complicated, and options further down the line after I understand them fully. Or if the consensus is forex or options, we’ll start there.
My main goal in Reddit is to make you guys better traders/ investors. One of my next personal goals is to get my series 7 and 65 licenses and do this shit professionally.
I’ve done the math, and if my average return in forex at ~10% per month stays consistent, managing $5,000,000 in client money and charging 20% would mean I make $80,000 a month. I’m currently building my trading history on Oanda as the first step in this process. So if you start seeing me in suits and ties on my streams, you’ll know what’s up.
Let me know if you’re interested. I’m not sure how I would do it. Maybe just include [BTC] in my headlines about crypto currency stuff when I post so that it’s easy to skim over for those not interested. I don’t want to start an isolated subreddit or anything like that.
submitted by trevandezz to u/trevandezz [link] [comments]

Advice to convince mother to start small

Hello!
My mother has been learning and practicing in the ways of day trading and wants to begin real trading, but is very insistent on going straight to trading stocks instead of starting small like forex and/or futures. I want to convince her to start small and build, but due to my lack of knowledge at day trading (minus reading the wiki from the reddit post), I don't know how to convince her otherwise besides stating: my money, my rules.
Some background info:
Parents are in a very large amount of debt with no savings. So when opening an account, the money invested will be strictly mine. I currently live with my parents and have saved up a substantial amount in savings through my job while helping with the debt. I am able to invest in the 25k+ minimum without much hit to my savings, but at the end of the day I am very uncomfortable to invest in a large amount when she is only getting started. She has since kept pestering me to invest and has resorted to long text messages to try to convince me to invest. When I advise her to start small instead, it is met with dismissal saying my money will be safe and I can get it back anytime (talking about the 25k min). To me at least, these actions only reinforce my belief that she is not ready and should start on the smaller trades.
Perhaps there is something i'm not seeing, so please let me know if I am being unreasonable.
Update 7/18/2020 9:20PM: I went with MihoWigo and EastGap's idea and told her that i'll give her 1000-2000 to start off and prove to me she is ready in a real market. Long story short, she refused, claiming she wants to trade stocks and all other trades do not matter. Even the golden phrase: "Your money is safe" was uttered. Thank you everyone that replied. I have decided to leave her to her own device and to look for others to invest for her.
submitted by PIE168 to Daytrading [link] [comments]

[IWantOut] 26M Entrepreneur Pakistan -> Any country

Hello, I am a 26M up-and-coming entrepreneur and an Atheist from Pakistan (surprise surprise). I wish to be out of Pakistan by the end of this lockdown if possible or by next year and honestly, I am keeping my hopes high for it. I just want anybody to advise me with a way which gives me even a 1% chance to get out of here.
A little bit of background information about me, I come from a very religious and an extremely narcissistic family, it is so bad that my uncle (my dad's eldest brother) passed away due to the coronavirus yet everyone (my aunts and uncles) denied it and blamed it on his previous illnesses. Although I have a degree in Computer Engineering, I have only worked less than a year related to my field and the rest of the 5 years that I have worked were all related to marketing and sales. I was working at a medical firm in UAE but had to quit due to my family back in 2018 and ever since that I was working at a well known US-based fleet management company as a marketing manager. I always had a goal to start my own company in Pakistan when I turned 27 but ever since things took a turn for the worst and me losing my job I wanted to start my own company outside of Pakistan.
I have saved some money and have a been getting some good money out some forex trading that I do from time to time and I thought that it could cover the minimum requirements set out by any developed country that offers a PR visa via investment. I am desperate on some advice on which country to apply for. I just want a developed, comfortable, and safe place to live in. I'd prefer New Zealand but I don't know how long or I'd be eligible to apply there.
Any help would be greatly appreciated.
submitted by No-Rice8886 to IWantOut [link] [comments]

How does the BitQT App work?

How does the BitQT App work?

https://preview.redd.it/81cx1yfe1pm51.jpg?width=474&format=pjpg&auto=webp&s=2ceddeda7d5dc0be5c7d4b4dfa7a715baac65b3a
In the later part of websites are the testimonials screaming out loud regarding their success.BitQT review can be quiet judgemental at this point as a result of neither these testimonials prove the legitimacy of the web site nor the live profit reviews account such
You extremely want to understand that if you opt to speculate you’ll surely not visiting recover. TheBitQT just prove this by themselves stating it not being on affiliate terms with others. Something that’s claiming that you simply’ll earn 110zero greenbacks every day is doing a true-time scam job
Perhaps, theBitQT states advertising itself on Times, CNN and Forbes however neither of them found supportive during this regard. You'll check it all by yourself. This is often the sound proof of its scamming regime throughout the globe
It doesn’t have that laser-accurate performance as in trading bitcoin you can never guarantee the minimum amount of profit you be earning the other day. Its what happens when trading with Forex

Many of the websites agree onto the proficiency ofBitQT negating the crucial and impactful proves I shared with you higher than. They are saying it’s flawless. Will something be this flawless letting you earn regarding one thousand bucks each day without charging a penny? The automated transactions are known to be deposited directly into the user’s account that is nowhere to find affiliation with. Undoubtedly, most of the revealing sites have the only supportive argument beginning with, ‘As the review suggests’. Do raise yourselves, is that this the legitimate way to prove legitimacy ofBitQT
They too argue regarding the legitimate verification method. That’s the explanation why there’s a number of complaints with reference to the current. If these products would have really worked, why not each single person select to remain off from their offices integrating with it somehow:

Merely head to the SIGN-UP section on theBitQT site, fill in your personal info, and present your registration. When acknowledged, you'll be able to be able to access our restrictive Bitcoin exchanging

To induce your exchange account in progress, you’ll have to include some assets. WithBitQT, you can create a initial investment of as low as $250, although you'll be able to contribute as a lot of as you wantoy
Since your enlistment has been acknowledged and you’ve invested some funds, you’re fully done. Simply click on ‘trade’ to receive the rewards ofBitQT’s highly rated algorithm. In case you need a hands-on approach, you can shift to manual operation by changing the settings

There’s no harm in trading in terms of cryptocurrency. We have a tendency to’re not against it. But we tend to really aim to reveal the very fact thatBitQT isn't a legitimate website to believe during this case. To actually invest in bitcoin you initially want to shop for a bitcoin wallet so as to store all bitcoins. a series of blockchain integrations which permits you to top-up and earn.

But, as stated earlier you’ve no actual guarantee concerning the number you wish to earn. Secondly, you wish to integrate your bitcoin wallet to your account and then you’ll be ready to head towards the foremost step. Here, you’ll jin a bitcoin exchange system for trading bitcoin for any different traditional currencies of the market.

It works well solely if you for legitimate sites for functioning and planning. Perhaps, it too needs a nice amount of ability and we never promise you to begin earning when you join Bitcoin Exchanger somehow. This was all aboutBitQT Review as a full fulling the aim of alerting the scam going around.


Money Forex Cluster scamThe Cash Forex Group is run by a company named CFxG which allegedly was founded by a team of experts in all kinds of areas, mainly education in the monetary trading field and network promoting.

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These experts and their automated trading system will supposedly facilitate your to form heaps of cash. In trading solely you'll allegedly make fifteenp.c weekly on your investments. Then there are referral programs and multi-level structures that can boost your income even more. Is that t
Money FX Group scamLet’s begin this Money Forex Group review by stating the obvious, this scheme may be a total scam, you just have to look at the numbers.BitQT

When they promise you fifteen%+ weekly, it means that 60percent+ monthly, which is totally ridiculous in the important world. It means a lot of than 560zeropercent per year, therefore you'd need solely $18,00zero greenbacks to become a millionaire within year. And this is often plain impossible.

No legitimate business can create you a gradual fifteenpercent weekly, no financial markets are that predictable and that easy to trade. It may appear straightforward to you, but it really is this straightforward, a program promising fifteenp.c weekly should be a scam, there is no alternative method, the Money FX Group is a scam.

However there is additional to go through in this review.
Massive lies

Money FX Cluster testimonialThe Money Forex Cluster claims to be regulated by the subsequent institutions: FAC – Financial Conduct Authority of London, DFSA – Monetary Services Authority in Dubai, FSCA – Monetary Sector Conduct Authority of South Africa and FSA – the Monetary Services Authority of Seychelles.

But guess what, the FAC will not even exist, while the others (DFSA, FSCA and FSA) haven't issued any license whatsoever to Cash Forex Cluster. Therefore not only Money FX Group is not regulated at all, it conjointly is lying huge time regarding its regulatory status.

The fact is that it's no license whatsoever, so it cannot supply investment services legally in most countries.

This is often conjointly why they want you to deposit cryptocurrencies, they wish to remain as anonymous as potential, so that they will run away along with your cash.
Regulatory warning

Not long when we have a tendency to printed our analysis, the Financial Conduct Authority (financial regulator in Nice Britain) came up with its own warning.

The regulator said that CashFX is providing investment services without the mandatory authorization and advised the public to remain off from it. This is often a very serious argumentBiTQT.

It'd be terribly unwise to deposit money with an unregulated and basically anonymous entity, as a result of it would not be protected in any means. No matter where the cash finally ends up, this program is promising you impossible returns on investments, which in itself confirms that something is wrong.
How it works

Let’s end this Cash Forex Group review by explaining the essential principle of this investment program. It's a Ponzi theme that does no real economic activity. It just collects money from individuals and may pay out some profits, but the most recent clients’ deposits can be used for that.

This will have an inevitable outcome, the system can sooner or later crumble. It's simply a matter of your time when there can be not enough deposits to hide withdrawals and also the inevitable end can

Nobody has not been paid, that is NOBODY ….. after all you can't compound or upgrade your CFX account unless you withdraw (get paid) …. CFX are not regulated…. as a result of they use a Regulated broker (everfx) to trade…so that information is also incorrect…and judging by the actual members comments….I’d say, members are happy….. long might that continue. BUT, you must never place in more than you are prepared to lose (In SOMETHING). However do correct analysis, ask

members, don’t rely on people that play safe and stay poor. Do your own due diligence. (ps MOST sites that decision each business out as a scam…have their own links…..promoting guess what ? ….tip. SCAMS ! Beware.

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Forex Trading is a SCAM 🚨 👀 Learn about FOREX SCAMS - YouTube

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