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ETH discussion board with a focus on ETH and ETH tokens. Alt-talk only if it is highly relevant for the current price. No FUD, No Hype, No Spamming. Thank you!
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Stocks - Investing and trading for all

Almost any post related to stocks is welcome on /stocks. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Check out our wiki and Discord!
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Crypto Insiders

Crypto discussion board with a focus on a variety of coins. No FUD, No Hype, No Spamming. Thank you!
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Naina's Equity commodity info: Stock market News and advice for 13th November 2018, forex market, intraday trading tips

Naina's Equity commodity info: Stock market News and advice for 13th November 2018, forex market, intraday trading tips submitted by mmcommodity to ShareMarket [link] [comments]

Interactive Brokers: Brexit account migration = insurance drops from 500k USD to 20k EUR

Is anyone else concerned about this? They are migrating from UK to Hungary, Ireland or Luxembourg: https://ibkr.info/node/3515
Main reason I used IB was safety/regulation. After this migration we lose FSCS & SIPC protection, compensation will be the same as e.g. DeGiro or Trading 212 (20k EUR), for me there is no point to stay on IB any longer as I much prefer Trading 212's modern platform. What are your thoughts?
In 2018 IBKR established Interactive Brokers Luxembourg SARL (“IBLUX”) which received regulatory authorization in November 2019. In addition, we are in the process of creating two additional brokers based in the European Union: Interactive Brokers Ireland Limited (“IBIE”) and Interactive Brokers Central Europe Befektetési ZRt (“IBCE”).
We expect the majority of the clients based in Western Europe will be migrated to IBIE, those in Central and Eastern Europe to IBCE and a select group of clients to IBLUX.
Currently, provided they meet eligibility requirements, IBUK clients may be protected in relation to investment services under the UK Financial Services Compensation Scheme (“UK FSCS”) at an amount of up to £50,000. As IBUK clients are carried by our US broker, IBL, the securities segment of their account may be eligible for insurance by the Securities Investor Protection Corporation (“SIPC”) at an amount of up to USD 500,000.
Under the EU Brokers IBLUX, IBIE and IBCE eligible claimants may be entitled to claim compensation up to a maximum of EUR 20,000.
Later update - currently for IBUK, the protection amount depends on what you are trading with:
As a side note, in their article they state £50,000 FSCS protection, but that's just outdated. It's been increased to £85,000 since April 2019 - fscs.org.uk/media/press/2019/aphigher-protection-limits.
submitted by _amc_ to eupersonalfinance [link] [comments]

Most Important Components For a Trading PC

Hello.
I'm looking to upgrade my system for trading and wanted some advice on components. I've read a fair amount with general recommendations but would like to know the relative importance of the components in determining the greatest speed and stability, as I do not actually have unlimited money. What might make the most substantive difference? The CPU? (If it matters: Intel or AMD?) The SSD? Is 16GB of RAM strictly necessary? Any advice is greatly appreciated.
For sake of clarity my preference seems to be on the scalpier side (stocks, not forex), I place a high importance on the book and prints and seeing all info quickly and responsively, I use TWS (for now at least) and don't see myself using more than two (or at most three) monitors any time soon.
submitted by Delereum to Daytrading [link] [comments]

ATO Australian tax treatment for options trades 🇦🇺

I am posting this as I hope it will help other Australian options traders trading in US options with their tax treatment for ATO (Australian Tax Office) purposes. The ATO provides very little guidance on tax treatment for options trading and I had to do a lot of digging to get to this point. I welcome any feedback on this post.

The Deloitte Report from 2011

My initial research led me to this comprehensive Deloitte report from 2011 which is hosted on the ASX website. I've been through this document about 20 times and although it's a great report to understand how different scenarios apply, it's still really hard to find out what's changed since 2011.
I am mainly relating myself to the scenario of being an individual and non-sole trader (no business set up) for my trading. I think this will apply to many others here too. According to that document, there isn't much guidance on what happens when you're an options premium seller and close positions before they expire.
Note that the ATO sometimes uses the term "ETO" (Exchange Traded Option) to discuss what we're talking about here with options trading.
Also note: The ATO discusses the separate Capital Gains Tax ("CGT") events that occur in each scenario in some of their documents. A CGT event will then determine what tax treatment gets applied if you don't know much about capital gains in Australia.

ATO Request for Advice

Since the Deloitte report didn't answer my questions, I eventually ended up contacting the ATO with a request for advice and tried to explain my scenario: I'm an Australian resident for tax purposes, I'm trading with tastyworks in $USD, I'm primarily a premium seller and I don't have it set up with any business/company/trust etc. In effect, I have a rough idea that I'm looking at capital gains tax but I wanted to fully understand how it worked.
Initially the ATO respondent didn't understand what I was talking about when I said that I was selling a position first and buying it to close. According to the laws, there is no example of this given anywhere because it is always assumed in ATO examples that you buy a position and sell it. Why? I have no idea.
I sent a follow up request with even more detail to the ATO. I think (hope) they understood what I meant now after explaining what an options premium seller is!

Currency Gains/Losses

First, I have to consider translating my $USD to Australian dollars. How do we treat that?
FX Translation
If the premium from selling the options contract is received in $USD, do I convert it to $AUD on that day it is received?
ATO response:
Subsection 960-50(6), Item 5 of the Income Tax Assessment Act 1997 (ITAA 1997) states the amount should be translated at the time of the transaction or event for the purposes of the Capital Gains Tax provisions. For the purpose of granting an option to an entity, the time of the event is when you grant the option (subsection 104-20(2) ITAA 1997).
This is a very detailed response which even refers to the level of which section in the law it is coming from. I now know that I need to translate my trades from $USD to $AUD according to the RBA's translation rates for every single trade.
But what about gains or losses on translation?
There is one major rule that overrides FX gains and losses after digging deeper. The ATO has a "$250k balance election". This will probably apply to a lot of people trading in balances below $250k a lot of the FX rules don't apply. It states:
However, the $250,000 balance election broadly enables you to disregard certain foreign currency gains and losses on certain foreign currency denominated bank accounts and credit card accounts (called qualifying forex accounts) with balances below a specified limit.
Therefore, I'm all good disregarding FX gains and losses! I just need to ensure I translate my trades on the day they occurred. It's a bit of extra admin to do unfortunately, but it is what it is.

Credit Trades

This is the scenario where we SELL a position first, collect premium, and close the position by making an opposite BUY order. Selling a naked PUT, for example.
What happens when you open the position? ATO Response:
The option is grantedCGT event D2 happens when a taxpayer grants an option. The time of the event is when the option is granted. The capital gain or loss arising is the difference between the capital proceeds and the expenditure incurred to grant the option.
This seems straight forward. We collect premium and record a capital gain.
What happens when you close the position? ATO Response:
Closing out an optionThe establishment of an ETO contract is referred to as opening a position (ASX Explanatory Booklet 'Understanding Options Trading'). A person who writes (sells) a call or put option may close out their position by taking (buying) an identical call or put option in the same series. This is referred to as the close-out of an option or the closing-out of an opening position.
CGT event C2 happens when a taxpayer's ownership of an intangible CGT asset ends. Paragraph 104-25(1)(a) of the ITAA 1997 provides that ownership of an intangible CGT asset ends by cancellation, surrender, or release or similar means.
CGT event C2 therefore happens to a taxpayer when their position under an ETO is closed out where the close-out results in the cancellation, release or discharge of the ETO.
Under subsection 104-25(3) of the ITAA 1997 you make a capital gain from CGT event C2 if the capital proceeds from the ending are more than the assets cost base. You make a capital loss if those capital proceeds are less than the assets reduced cost base.
Both CGT events (being D2 upon granting the option and C2 upon adopting the close out position) must be accounted for if applicable to a situation.
My take on this is that the BUY position that cancels out your SELL position will most often simply realise a capital loss (the entire portion of your BUY position). In effect, it 'cancels out' your original premium sold, but it's not recorded that way, it's recorded as two separate CGT events - your capital gain from CGT event D2 (SELL position), then, your capital loss from CGT event C2 (BUY position) is also recorded. In effect, they net each other out, but you don't record them as a 'netted out' number - you record them separately.
From what I understand, if you were trading as a sole tradecompany then you would record them as a netted out capital gain or loss, because the trades would be classified as trading stock but not in our case here as an individual person trading options. The example I've written below should hopefully make that clearer.
EXAMPLE:
Trade on 1 July 2020: Open position
Trade on 15 July 2020: Close position
We can see from this simple example that even though you made a gain on those trades, you still have to record the transactions separately, as first a gain, then as a loss. Note that it is not just a matter of netting off the value of the net profit collected and converting the profit to $AUD because the exchange rate will be different on the date of the opening trade and on the date of the closing trade we have to record them separately.

What if you don't close the position and the options are exercised? ATO Response:
The option is granted and then the option is exercisedUnder subsection 104-40(5) of the Income Tax Assessment Act 1997 (ITAA 1997) the capital gain or loss from the CGT event D2 is disregarded if the option is exercised. Subsection 134-1(1), item 1, of the ITAA 1997 refers to the consequences for the grantor of the exercise of the option.
Where the option binds the grantor to dispose of a CGT asset section 116-65 of the ITAA 1997 applies to the transaction.
Subsection 116-65(2) of the ITAA 1997 provides that the capital proceeds from the grant or disposal of the shares (CGT asset) include any payment received for granting the option. The disposal of the shares is a CGT event A1 which occurs under subsection 104-10(3) of the ITAA 1997 when the contract for disposal is entered into.
You would still make a capital gain at the happening of the CGT event D2 in the year the event occurs (the time the option is granted). That capital gain is disregarded when the option is exercised. Where the option is exercised in the subsequent tax year, the CGT event D2 gain is disregarded at that point. An amendment may be necessary to remove the gain previously included in taxable income for the year in which the CGT event D2 occurred.
This scenario is pretty unlikely - for me personally I never hold positions to expiration, but it is nice to know what happens with the tax treatment if it ultimately does come to that.

Debit Trades

What about the scenario when you want to BUY some options first, then SELL that position and close it later? Buying a CALL, for example. This case is what the ATO originally thought my request was about before I clarified with them. They stated:
When you buy an ETO, you acquire an asset (the ETO) for the amount paid for it (that is, the premium) plus any additional costs such as brokerage fees and the Australian Clearing House (ACH) fee. These costs together form the cost base of the ETO (section 109-5 of the ITAA 1997). On the close out of the position, you make a capital gain or loss equal to the difference between the cost base of the ETO and the amount received on its expiry or termination (subsection 104-25(3) of the ITAA 1997). The capital gain or loss is calculated on each parcel of options.
So it seems it is far easier to record debit trades for tax purposes. It is easier for the tax office to see that you open a position by buying it, and close it by selling it. And in that case you net off the total after selling it. This is very similar to a trading shares and the CGT treatment is in effect very similar (the main difference is that it is not coming under CGT event A1 because there is no asset to dispose of, like in a shares or property trade).

Other ATO Info (FYI)

The ATO also referred me to the following documents. They relate to some 'decisions' that they made from super funds but the same principles apply to individuals they said.
The ATO’s Interpretative Decision in relation to the tax treatment of premiums payable and receivable for exchange traded options can be found on the links below. Please note that the interpretative decisions below are in relation to self-managed superannuation funds but the same principles would apply in your situation [as an individual taxpayer, not as a super fund].
Premiums Receivable: ATO ID 2009/110

Some tips

submitted by cheese-mate-chen-c to options [link] [comments]

My(21m) sister (27f) joined an mlm/ pyramid scheme cult called imarkets live academy and Im worried about her.

So my sister a month or two ago called me, as she occasionally will. We have a very good relationship, but Ill be honest in saying shes not the sharpest knife in the drawer. Not that shes necessarily stupid, but extremely gullible and easy to take advantage of. Shes into astrology, shit like The Secret, and easily gets sucked in by 'guru' like people. So onto the call, she calls and tells me about a new opportunity she thinks ill be into. She starts talking to me about Forex (foreign exchange trading) and how its the key to financial freedom and I could make a lot of money without really working. Now I know about forex and know that like stocks, it can be a viable way to invest and make money. However, the profits she was saying its possible to make just didnt pass the sniff test. And then she tells me I can learn how to do all of this by joining a class that, get this, is almost 300 dollars to enroll, and around 250 a month. She gets me on the phone with one of her friends telling me Ill be learning from the best and ill be making enough that the fees will look like nothing. I am skeptical throughout this whole thing, mind you. She then tells me that if I join i can also get people to join under me and get paid monthly for referrals. This is when my BS meter shot through the roof. Immediately i said " this sounds like a multi level marketing scam and Im not interested. If i want to learn to trade forex Ill learn from people who dont charge for the info and dont require me to recruit people". My sis was initially very pushy about it and told me shit like poor stands for passing over opportunities repeatedly. I told her that if something sounds too good to be true. Fast forward to now, and its almost the only thing my sister posts about on social media. Shes constantly advertising about and does these intsagram live things talking about it. I decide to listen to some of it. Despite being around trading forex, barely any of it is talking about trading. Its all motivational nonsense, about being your own boss and manifesting wealth, gaining financial independence. Worse, a lot of it talks about this being a "family". I find out the class is called imarkets live academy and is known on the internet as a pyramid scheme and as cult like. Everyone whos in it flaunts fake luxury lifestyles and pushes fake motivational crap. Im afraid for my sister, Im afraid that she'll get sucked in and spend all of her time recruiting for a bullshit company that doesnt give a fuck except for squeezing money out of vulnerable people, and that she'll end up losing all her money. They do copy paste trading and she doesnt know dick about the market, and one day shes gonna go all in and lose what little she has. The problem is once shes in something she wont listen to other people, and worse shes very charasmatic and socially abled and knows enough stupid people that she probably has recruited enough people that shes probably breaking even on the fees. And shes gonna keep going until it blows up in her face and it consumes her entire life. She was even going to come to my state for my 21st and didnt because she got invited to one of these conferences. I dont know how to convince her what shes doing is immoral and will blow up in her face, but i dont want her to feel like Im talking down to her or calling her stupid. Im just at a loss.
submitted by wolfshortman to antiMLM [link] [comments]

My(21 m) sister (27 f) joined a mlm scam/ cult and I dont know how to approach her about it.

So my sister a month or two ago called me, as she occasionally will. We have a very good relationship, but Ill be honest in saying shes not the sharpest knife in the drawer. Not that shes necessarily stupid, but extremely gullible and easy to take advantage of. Shes into astrology, shit like The Secret, and easily gets sucked in by 'guru' like people. So onto the call, she calls and tells me about a new opportunity she thinks ill be into. She starts talking to me about Forex (foreign exchange trading) and how its the key to financial freedom and I could make a lot of money without really working. Now I know about forex and know that like stocks, it can be a viable way to invest and make money. However, the profits she was saying its possible to make just didnt pass the sniff test. And then she tells me I can learn how to do all of this by joining a class that, get this, is almost 300 dollars to enroll, and around 250 a month. She gets me on the phone with one of her friends telling me Ill be learning from the best and ill be making enough that the fees will look like nothing. I am skeptical throughout this whole thing, mind you. She then tells me that if I join i can also get people to join under me and get paid monthly for referrals. This is when my BS meter shot through the roof. Immediately i said " this sounds like a multi level marketing scam and Im not interested. If i want to learn to trade forex Ill learn from people who dont charge for the info and dont require me to recruit people". My sis was initially very pushy about it and told me shit like poor stands for passing over opportunities repeatedly. I told her that if something sounds too good to be true. Fast forward to now, and its almost the only thing my sister posts about on social media. Shes constantly advertising about and does these intsagram live things talking about it. I decide to listen to some of it. Despite being around trading forex, barely any of it is talking about trading. Its all motivational nonsense, about being your own boss and manifesting wealth, gaining financial independence. Worse, a lot of it talks about this being a "family". I find out the class is called imarkets live academy and is known on the internet as a pyramid scheme and as cult like. Everyone whos in it flaunts fake luxury lifestyles and pushes fake motivational crap. Im afraid for my sister, Im afraid that she'll get sucked in and spend all of her time recruiting for a bullshit company that doesnt give a fuck except for squeezing money out of vulnerable people, and that she'll end up losing all her money. They do copy paste trading and she doesnt know dick about the market, and one day shes gonna go all in and lose what little she has. The problem is once shes in something she wont listen to other people, and worse shes very charasmatic and socially abled and knows enough stupid people that she probably has recruited enough people that shes probably breaking even on the fees. And shes gonna keep going until it blows up in her face and it consumes her entire life. She was even going to come to my state for my 21st and didnt because she got invited to one of these conferences. I dont know how to convince her what shes doing is immoral and will blow up in her face, but i dont want her to feel like Im talking down to her or calling her stupid. Im just at a loss.
submitted by wolfshortman to relationship_advice [link] [comments]

Is it worth paying for Forex trading courses?

I’ve been trading stocks here and there by using tips that I’ve learned off of countless hours of internet research and YouTube videos. My friend got interested in Forex trading because his friend said he made $1k in a day. I don’t believe in buying courses and I’ve told him that but he’s getting convinced on this because his friend bought a $300 course and uses some Forex program and ended up making that $1k a day. We are all 20 so $1k makes our mouths water, but my friend has absolutely no experience in any sort of trading. I know that most trading gurus make a lot, if not most, of their income from selling information so I don’t buy the idea that paying for a course will somehow have an impact on your trading abilities. I decided to join this Forex subreddit to see what any of your thoughts are. I’m pretty new to Forex as well so I’ll be sticking around just to learn.
tldr; my friend wants to buy a course to learn Forex but I don’t think it’s a good idea because all the info is free on the internet. Thoughts?
submitted by dinoslam to Forex [link] [comments]

Win the Forex, Crypto or Commodity markets with Level01 DeFi App

Win the Forex, Crypto or Commodity markets with Level01 DeFi App
https://reddit.com/link/jgks1z/video/oxtl43deqtu51/player
While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration: to deliver a world class decentralized derivatives platform capable of handling all forms of trading contracts beyond cryptocurrencies; encompassing forex, commodities and eventually stocks and indices. With the global derivatives market estimated to be worth over $542 trillion, the platform’s wide coverage of major derivatives markets will enable Level01 to earn revenues many times above the nascent cryptocurrency market.
Win the Forex, Crypto or Commodity markets with Level01 innovative app now, https://play.google.com/store/apps/details?id=io.level01.android
Visit https://Level01.io for more info.
submitted by Level01Exchange to Level01io [link] [comments]

Wiseling investment starting at 0.8 daily profit, invest with BTC, ETH or USD


Have you ever heard about Wiseling investing opportunity? I'll take 5 minutes to explain you the potential of Wiseling.
They do offers investments deposit with cryptocurrency as Bitcoin, Ethereum as well as USD.
They are paying between 0.8 and 1.3% DAILY on your deposit, it also does pay much more percentage based on your investment amount.
It is Since more than two months (november 14th now) I've opened a Wiseling account and it's working as promised, i get paid timely and truly i have nothing to complain with.
For instance, If you do an investment of $100 USD in 16 working days your profit will be of $18,8 or if investing $500 for the same investment time the profit will be of about $94.6, or if $2500 is invested in again 16 working days you'll get a profit of about $472
You choose your investments that fits for you, it's starting as low as $50 usd up to $500 000

- 3 investment plans FIAT, CRYPTO and INDUSTRY, 16 working days up to 180 working days term- choose your budget- Smartphone app
- Official Wiseling TELEGRAM channel for live support and also you can talk with more Wiseling investors always active in there.
- referral program available for further profit opportunity
- Mattias Lappo CEO Zoom meetings available and scheduled through the telegram channel
- registered business in the Finland business registration website, please check the following link: https://tietopalvelu.ytj.fi/yritystiedot.aspx?yavain=2933769&tarkiste=44AE99D6CA65349424042CEE2F683610F35372BE&rekhist=True&leihist=false&path=
- The company is insured with Parker and Lawson insurance located in UK for 500 million dollars.
- Wiseling is registered with the European union, check the registration at the following address: https://www.vatcheck.eu/en/check-vat-number Company number: 3138760-7
- DAILY withdrawals available while your investment profit is accruing.
To register or for more info about the company click the link below.

https://wiseling.com/it/?network=7kwAbN

More info about the company:
In the stock market, Wiseling traders pay special attention to the positions of AAPL, SPX, DAX and DJII.
The total daily profit of Wiseling from all exchanges is from 9% to 15% every day
The daily trading volume on the Wiseling stock exchange is 60,000,000-72,000,000 US dollars. This number is growing every day.
Forex Daily Trading Volume - $ 12,000,000
The daily trading volume of the cryptocurrency exchange is between 80,000,000 and 120,000,000 dollars per day.
As a result, the company's finance department has developed a marketing plan that allows partners to pay a minimum percentage of their daily profits from 0.8% to 3.0%.
The referral program was also included in this business plan and bonus costs were included in marketing.
The company also works with stocks quoted by BGNE (stock growth for 2019 is 558.3%).
The growth of NVDA-2019 shares is 530.9%.
The growth of SODA-2019 shares is 530.2%.
The growth of WTW-2019 shares is 453%.
The growth of SGMS-2019 shares is 438.6%.
The growth of NCTR-2019 shares is 438.6%
The growth of CHGG-2019 shares is 395.8%.
Therefore, the company will pay a stable income to all partners in the long term.

Sign up here: https://wiseling.com/it/?network=7kwAbN

bye, have a good investment profit.
submitted by fracazzo1968 to investing_discussion [link] [comments]

Your Pre Market Brief for 07/16/2020

Pre Market Brief for Thursday July 16th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Updated as of 4:45 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 07/15/2020 News and Markets Recap:
Thursday July 16th 2020 Economic Calendar (All times are in EST)
(JOBLESS CLAIMS TODAY)
News Heading into Thursday July 16th 2020:
NOTE: I USUALLY (TRY TO) POST MANY OF THE MOST PROMISING, DRAMATIC, OR BAD NEWS OVERNIGHT STORIES THAT ARE LIKELY IMPORTANT TO THE MEMBERS OF THIS SUB AT THE TOP OF THIS LIST. PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH! THE TIME STAMPS ON THESE MAY BE LATER THAN OTHERS ON THE WEB.
Upcoming Earnings:
Commodities:
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
submitted by Cicero1982 to pennystocks [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

EMA's (Simplified Periods) PUNCH AND TRADE

I'm not sure how many of you use MACD or EMA's, but I've been working on this kind of "MACD & moving average crossover periods for dummies" kind of thing for the last 90 days.
I've wanted to make a simple guide with pre-calculated closing periods that anyone could punch in on a chart, pick colors, and voila! You now have charts with TI's that are logical, have accurate/tight tracking periods, and as long as you can understand crossover, you should be able to make better decisions no matter the trade.
Any feedback is welcomed. Figured I'd share the findings. All the closing periods I've listed have a wide range of variety to suit all trading purposes for most products. I hope someone finds the info helpful.

Moving Averages (EMA Settings)
STOCKS & OPTIONS
Simple ShortTerm - 8-13
Simple 3EMA ShortTerm - 5-8-13
Simple 3EMA Short/Mid - 5-10-20
Midterm 3EMA Standard (w/m/q) 3 EMA 5-20-60
Long Term 3EMA Standard (m/q/y) 3 EMA 20-60-240
____________________________________________________________________________
FUTURES & FOREX
Simple ShortTerm - 6-18
Simple 3EMA ShortTerm - 6-9-18
Simple 3EMA Short/Mid - 6-12-24
Midterm 3EMA (w/m/q) 3 EMA - 6-24-72
Longterm 3EMA (m/q/y) 3 EMA - 24-72-288
____________________________________________________________________________
PRIME - ALL PURPOSE
Simple Short - 5-17
Simple Short 3EMA - 5-11-17
Simple Mid (w/m/q) - 5-19-61
Simple Long (m/q/y) - 19-61-241
Complex Long (m/q/y) - 23-67-251
______________________________________________________________________________
Calculations were based upon the standard 252.75 trading days in a year. To simplify and use whole numbers, in some cases holidays were excluded. For example (stock & options) were partially calculated at 5 trading days a week (Mon-Fri), 20 per month, 60 per quarter, 240 per year, and so on. (Futures & Forex) took into account the 6 available trading days a week (Sun-Fri) and were calculated similarly.
PRIME - were calculated in prime numbers only, in some cases rounded down to the nearest prime number most accurately representative of a typical trading week not including holidays in (simple) and including all holidays in (complex). Why did I do this? Because I love math, and primes are the building blocks of whole numbers, and because their odd mathematical properties that made them perfect for my current charting uses.
submitted by SmartMoney19 to thetagang [link] [comments]

Complying to a scammer, but not quite the way he wanted me to!

(To any moderator, I have anonymitised everything and made sure that it is according to rules of this subreddit,I wanna share this story so please let me know should further editing be required ! please Consider this person has likely stolen thousands and thousands of innocent people so i wanna spread awareness!
So the other day (actually my birthday too :)) I found this account on IG, I saved him as Scumm in my phone but he claims to be an "Alex", hit him up if you wanna get rich it is a fiest. So i hit him up and be like:
[19:00, 23/09/2020] OP: Hello sir I am Tom, I read a lot of things about Forex and crypto and your page in particular and just inherited some money from a relative , I heard so many good things I thought you might help me invest some of that money so it is not lost?
Kindly
[19:08, 23/09/2020] Scumm: Ok
[19:08, 23/09/2020] Scumm: Welcome
[19:08, 23/09/2020] Scumm: Where are you from?
[19:09, 23/09/2020] OP: Germany
[19:09, 23/09/2020] Scumm: Ok Tom
[19:09, 23/09/2020] Scumm: We specialise on Stock And cryptocurrency trading, with the sole aim of making awesome profit from the rapid changes in price of the assets and currencies we trade. We are group of professional market analysts that studies the market picking the best assets to invest on, and as well the best cryptocurrency pairs to trade on. We have mastered risk management and as well best possible strategy to maximize our clients Profits
[19:10, 23/09/2020] Scumm: With the minimum investment of 1 BTC you can make 3.8BTC in a month
[19:11, 23/09/2020] Scumm: If I may ask do you have a Bitcoin Wallet address?
Now you can see how this is a scam and no one should ever follow such ludicrous claims! 380% in a month, if sb knew how, they wouldnt share that ,not in this world, not in this century... So i amlike:
[19:15, 23/09/2020] OP: I'd be willing to invest even 2 bitcoin but I would need your company credentials and iban to send money to
[19:19, 23/09/2020] Scumm: I can only provide you a US account to make payment
[19:19, 23/09/2020] Scumm: This if gonna be possible
[19:19, 23/09/2020] OP: Hmm I'll see maybe that works
[19:19, 23/09/2020] OP: Easiest would be IBAN
[19:19, 23/09/2020] OP: Your company does not have any European bank accounts?
[19:19, 23/09/2020] Scumm: IBAN
[19:20, 23/09/2020] Scumm: Mate I always follow procedures so I have not accept Transfer for deposit
[19:20, 23/09/2020] Scumm: But I will see to that ok
You see where this is going I want some info and make him believe he or one of his mules at least gets sweet sweet cash. NOT SO FAST
[20:49, 23/09/2020] Scumm: I’m waiting on my Colleague to forward details to me now
[20:49, 23/09/2020] Scumm: Ok so you are not sending today?
[20:49, 23/09/2020] OP: Thank u so much
[20:49, 23/09/2020] OP: I can try but I have to call bank
[20:49, 23/09/2020] OP: For over 1000
[20:50, 23/09/2020] Scumm: Ok ok mate
[20:50, 23/09/2020] Scumm: Good
[21:08, 23/09/2020] Scumm: XXXXXX XXXXXXXX
XXX Bank
Account number: 8XXXXX0
Sort code: XXXX
IBAN: GBXXXXXXXXXXXXXXXXXX
[21:08, 23/09/2020] Scumm: Are you there Mate?
[22:43, 23/09/2020] OP: Yes hi thank u so much
[22:43, 23/09/2020] OP: Let me chdck
[22:46, 23/09/2020] Scumm: Ok mate
[22:53, 23/09/2020] Scumm: Are you trying to send it now mate?
Spinning it furtherly: I just tell some yada yada about how it takes time and a signature since its such a large sum!
[11:46, 24/09/2020] OP: Do you have license
[11:46, 24/09/2020] Scumm: 25BTC too small for even my students 😂 /\SURE buddy! */*
[11:46, 24/09/2020] OP: NASAA 67?
[11:47, 24/09/2020] OP: For financial advisor
[11:50, 24/09/2020] OP: This
[11:50, 24/09/2020] OP: Sorry was upside down
[11:50, 24/09/2020] OP: ?
[11:51, 24/09/2020] Scumm: I’m an independent expert trader and portfolio management in crypto market
[11:52, 24/09/2020] Scumm: License only met to give out from head of Admin
[11:52, 24/09/2020] OP: Ah kk
[11:52, 24/09/2020] Scumm: Yes mate
[11:52, 24/09/2020] OP: But normally 67 and 68 is required
[11:52, 24/09/2020] OP: For normal managers?
[11:53, 24/09/2020] Scumm: Yes
[11:55, 24/09/2020] Scumm: have no worries mate
[11:55, 24/09/2020] Scumm: 100%
Now this is quite interesting NASAA 65 and 66 are licenses needed to be an account manager in the US so if he was he should know that i just made up 67 and 68!
[19:20, 24/09/2020] OP: Ill makethe first payment asap, but i cant make my bank go faster sorry
[19:21, 24/09/2020] OP: howeverone thing:
[19:21, 24/09/2020] OP: most of the moneyigotis still in USD isit possible u said invest and send to USbank too?
[19:21, 24/09/2020] OP: for 20kUSD and above
[19:22, 24/09/2020] OP: its hard for me topurhcase that much bitcoin on my own right now
[19:22, 24/09/2020] OP: but i see that i can trust you!
[19:22, 24/09/2020] Scumm: Mate ASAP you said you make payment today and you didn’t so I don’t know if you even sure about this yet
[19:23, 24/09/2020] Scumm: I don’t get you please
[19:23, 24/09/2020] Scumm: You mean you want your profit sent to a US bank?
[19:24, 24/09/2020] Scumm: You have no worries about that mate
[19:24, 24/09/2020] OP: I am
[19:24, 24/09/2020] OP: I signed the paper mate I am so happy
[19:24, 24/09/2020] OP: That's all they need I told u
[19:24, 24/09/2020] OP: To make payments international so large
[19:24, 24/09/2020] Scumm: Yeah you said that mate
[19:24, 24/09/2020] OP: I am beeing honest as well
[19:24, 24/09/2020] OP: So I sent it back by post Today
[19:24, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] OP: But I am not at my banks city so post takes 1-2 days and then they can release
[19:25, 24/09/2020] OP: Sorry to keep u waiting
[19:25, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] Scumm: Oh I see
[19:25, 24/09/2020] OP: No what I meant: if I wanna start with more can j invest 20k USD too? I know u usually don't do and j ask very weird questions but I meant
[19:25, 24/09/2020] OP: I am not always home have pc etc but I am in contact with u and my bank
[19:26, 24/09/2020] OP: So is it possible? Otherwise I have to convert USD to euro or GDP
[19:26, 24/09/2020] OP: 40k is sill in USD I have
[19:26, 24/09/2020] OP: That would be even crazier profits 🤑🤑🤑
[19:27, 24/09/2020] Scumm: Now I’m understanding
SO NOW HE IS UNDERSTANDING good good, and almost ready to screw one of his US mules too:
[21:00, 24/09/2020] Scumm: Ok mate
[21:04, 24/09/2020] Scumm: Can they send from US to the IBAN account?
[21:05, 24/09/2020] OGOP: Hm I don't know it's a bit tricky BC I'm no us citizen
[21:05, 24/09/2020] OGOP: I have one iban authorised to cash all out in euro
[21:05, 24/09/2020] Scumm: Ok ok mate
[21:06, 24/09/2020] OP: And US I think right now
[21:06, 24/09/2020] Scumm: Ok mate please hold
[21:10, 24/09/2020] OP Sure man
[21:11, 24/09/2020] OP: Uff such a huge step for me
[21:11, 24/09/2020] OP: I hope u do it real good 🤑🤑🤑
[21:12, 24/09/2020] OP Do you have customers in US too?
[21:12, 24/09/2020] Scumm: Bank name: Teachers Federal Credit Union
Bank address: XXXXXXX
Account holder: XXXXXXXXXXXXXX
Account Holders address:
XXXXXXXXXXXXXXXXX
XXXX
Routing Number: XXXXXXX
Account number:XXXXXXXXXX
[21:12, 24/09/2020] Scumm: Sure mate //SO HE CLAIMS TO HAVE SCAMMED US CITIZENS!
[21:12, 24/09/2020] OP: Nice
[21:12, 24/09/2020] Scumm: Please make sure you send confirmation immediately
So finally I did not send him payment proof,I sent him a spoofed link to fetch his IP with a link to "payment proof" and got his IP and location (cant showr a real link bc it has my IP in it...) And was like " oh hey how is the whether in Irele, Nigeria??"
Needless to say he blocked me straight away after I called him a disgraceful sc*m but hey..... I still called the corresponding banks, the UK Fraud Action and the FBI just to make sure and shared all of the details without any editting :)
Have fun "mate"! If they can freeze only 1 $ and return it to a likely victim, I am more then happy
Cheers dont get scammed!
TL/DR: Scammed a Nigerian scammer into sending me real accounts, names and details in UK and US (mules) to forward to the police and may or may not have donated 500 to charity.
submitted by elyminas to scambait [link] [comments]

While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration

While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration
https://preview.redd.it/69gwwvlyk6t51.png?width=1200&format=png&auto=webp&s=a81291f3136fa3369e377c488b0938d59c18a782
While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration: to deliver a world class decentralized derivatives platform capable of handling all forms of trading contracts beyond cryptocurrencies; encompassing forex, commodities and eventually stocks and indices. With the global derivatives market estimated to be worth over $542 trillion, the platform’s wide coverage of major derivatives markets will enable Level01 to earn revenues many times above the nascent cryptocurrency market.
Most people are hyped up about the decentralized borrowing and lending aspects of DeFi, but overlook that derivatives trading is one of the biggest markets around, and Level01 will be leading the DeFi charge into this category.
Read https://markets.businessinsider.com/news/stocks/level01-launches-the-world-1st-defi-platform-for-ai-guided-derivatives-trading-on-google-play-1029667427
Visit https://Level01.io for more info.
submitted by Level01Exchange to Level01io [link] [comments]

is juicedio legit? yes.. here is why its the best group

is juicedio legit? yes.. here is why its the best group
After seeing good reviews on there trust pilot profile.. i decided to see what all the hype was about.
After joining and being greeted by multiple other friendly members, i was shocked on how much they had to offer. They have 3 main categories: collectibles, hypebeast and investments! This covers sneakers, stock trading, streatwear, bot restocks, real estate, art, sports cards, bot flipping, toys/funkos, crypto, forex, tech flips, EVEN cosmetics haha. If you can make money from something then, they had it... So the info is great for sure!
In terms of bots, its pretty solid, they got 100 free keys of easy cop boy and have monthly private buys with the shit bot and mango preme + others,,, they also have free rentals
Ontop of all this they have like 50-100 videos, which ive yet to watch but plan to! PLUS PLUS on all this they have retail backdoors, free proxy giveaways and free bot rentals that they do every week or so.
pic of there discord
Would recommend this to people who arent trying to pay resell on a group or just need a good cook group in general
submitted by Historical-Algae7736 to shoebots [link] [comments]

Win the Forex, Crypto or Commodity markets with Level01 DeFi App

Win the Forex, Crypto or Commodity markets with Level01 DeFi App

https://reddit.com/link/jgkrdp/video/oqbqkf94qtu51/player
While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration: to deliver a world class decentralized derivatives platform capable of handling all forms of trading contracts beyond cryptocurrencies; encompassing forex, commodities and eventually stocks and indices. With the global derivatives market estimated to be worth over $542 trillion, the platform’s wide coverage of major derivatives markets will enable Level01 to earn revenues many times above the nascent cryptocurrency market.
Win the Forex, Crypto or Commodity markets with Level01 innovative app now, https://play.google.com/store/apps/details?id=io.level01.android
Visit https://Level01.io for more info.
submitted by Level01Exchange to u/Level01Exchange [link] [comments]

While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration

While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration
https://preview.redd.it/o57747hnk6t51.png?width=1200&format=png&auto=webp&s=4169c8676ca8610c5c852cd23aa2a29aebf15c50
While most DeFi platforms deal with spot trading in digital assets, Level01 has pursued a more challenging development aspiration: to deliver a world class decentralized derivatives platform capable of handling all forms of trading contracts beyond cryptocurrencies; encompassing forex, commodities and eventually stocks and indices. With the global derivatives market estimated to be worth over $542 trillion, the platform’s wide coverage of major derivatives markets will enable Level01 to earn revenues many times above the nascent cryptocurrency market.
Most people are hyped up about the decentralized borrowing and lending aspects of DeFi, but overlook that derivatives trading is one of the biggest markets around, and Level01 will be leading the DeFi charge into this category.
Read; https://markets.businessinsider.com/news/stocks/level01-launches-the-world-1st-defi-platform-for-ai-guided-derivatives-trading-on-google-play-1029667427
Visit https://Level01.io for more info.
submitted by Level01Exchange to u/Level01Exchange [link] [comments]

Complying to a scammer... until i dont!

(To any moderator, I have anonymitised everything and made sure that it is according to rules of this subreddit,I wanna share this story so please let me know should further editing be required ! please Consider this person has likely stolen thousands and thousands of innocent people so i wanna spread awareness!
So the other day (actually my birthday too :)) I found this account on IG, I saved him as Scumm in my phone but he claims to be an "Alex", hit him up if you wanna get rich it is a fiest. So i hit him up and be like:
[19:00, 23/09/2020] OP: Hello sir I am Tom, I read a lot of things about Forex and crypto and your page in particular and just inherited some money from a relative , I heard so many good things I thought you might help me invest some of that money so it is not lost?
Kindly
[19:08, 23/09/2020] Scumm: Ok
[19:08, 23/09/2020] Scumm: Welcome
[19:08, 23/09/2020] Scumm: Where are you from?
[19:09, 23/09/2020] OP: Germany
[19:09, 23/09/2020] Scumm: Ok Tom
[19:09, 23/09/2020] Scumm: We specialise on Stock And cryptocurrency trading, with the sole aim of making awesome profit from the rapid changes in price of the assets and currencies we trade. We are group of professional market analysts that studies the market picking the best assets to invest on, and as well the best cryptocurrency pairs to trade on. We have mastered risk management and as well best possible strategy to maximize our clients Profits
[19:10, 23/09/2020] Scumm: With the minimum investment of 1 BTC you can make 3.8BTC in a month
[19:11, 23/09/2020] Scumm: If I may ask do you have a Bitcoin Wallet address?
Now you can see how this is a scam and no one should ever follow such ludicrous claims! 380% in a month, if sb knew how, they wouldnt share that ,not in this world, not in this century... So i amlike:
[19:15, 23/09/2020] OP: I'd be willing to invest even 2 bitcoin but I would need your company credentials and iban to send money to
[19:19, 23/09/2020] Scumm: I can only provide you a US account to make payment
[19:19, 23/09/2020] Scumm: This if gonna be possible
[19:19, 23/09/2020] OP: Hmm I'll see maybe that works
[19:19, 23/09/2020] OP: Easiest would be IBAN
[19:19, 23/09/2020] OP: Your company does not have any European bank accounts?
[19:19, 23/09/2020] Scumm: IBAN
[19:20, 23/09/2020] Scumm: Mate I always follow procedures so I have not accept Transfer for deposit
[19:20, 23/09/2020] Scumm: But I will see to that ok
You see where this is going I want some info and make him believe he or one of his mules at least gets sweet sweet cash. NOT SO FAST
[20:49, 23/09/2020] Scumm: I’m waiting on my Colleague to forward details to me now
[20:49, 23/09/2020] Scumm: Ok so you are not sending today?
[20:49, 23/09/2020] OP: Thank u so much
[20:49, 23/09/2020] OP: I can try but I have to call bank
[20:49, 23/09/2020] OP: For over 1000
[20:50, 23/09/2020] Scumm: Ok ok mate
[20:50, 23/09/2020] Scumm: Good
[21:08, 23/09/2020] Scumm: XXXXXX XXXXXXXX
XXX Bank
Account number: 8XXXXX0
Sort code: XXXX
IBAN: GBXXXXXXXXXXXXXXXXXX
[21:08, 23/09/2020] Scumm: Are you there Mate?
[22:43, 23/09/2020] OP: Yes hi thank u so much
[22:43, 23/09/2020] OP: Let me chdck
[22:46, 23/09/2020] Scumm: Ok mate
[22:53, 23/09/2020] Scumm: Are you trying to send it now mate?
Spinning it furtherly: I just tell some yada yada about how it takes time and a signature since its such a large sum!
[11:46, 24/09/2020] OP: Do you have license
[11:46, 24/09/2020] Scumm: 25BTC too small for even my students 😂 /\SURE buddy! */*
[11:46, 24/09/2020] OP: NASAA 67?
[11:47, 24/09/2020] OP: For financial advisor
[11:50, 24/09/2020] OP: This
[11:50, 24/09/2020] OP: Sorry was upside down
[11:50, 24/09/2020] OP: ?
[11:51, 24/09/2020] Scumm: I’m an independent expert trader and portfolio management in crypto market
[11:52, 24/09/2020] Scumm: License only met to give out from head of Admin
[11:52, 24/09/2020] OP: Ah kk
[11:52, 24/09/2020] Scumm: Yes mate
[11:52, 24/09/2020] OP: But normally 67 and 68 is required
[11:52, 24/09/2020] OP: For normal managers?
[11:53, 24/09/2020] Scumm: Yes
[11:55, 24/09/2020] Scumm: have no worries mate
[11:55, 24/09/2020] Scumm: 100%
Now this is quite interesting NASAA 65 and 66 are licenses needed to be an account manager in the US so if he was he should know that i just made up 67 and 68!
[19:20, 24/09/2020] OP: Ill makethe first payment asap, but i cant make my bank go faster sorry
[19:21, 24/09/2020] OP: howeverone thing:
[19:21, 24/09/2020] OP: most of the moneyigotis still in USD isit possible u said invest and send to USbank too?
[19:21, 24/09/2020] OP: for 20kUSD and above
[19:22, 24/09/2020] OP: its hard for me topurhcase that much bitcoin on my own right now
[19:22, 24/09/2020] OP: but i see that i can trust you!
[19:22, 24/09/2020] Scumm: Mate ASAP you said you make payment today and you didn’t so I don’t know if you even sure about this yet
[19:23, 24/09/2020] Scumm: I don’t get you please
[19:23, 24/09/2020] Scumm: You mean you want your profit sent to a US bank?
[19:24, 24/09/2020] Scumm: You have no worries about that mate
[19:24, 24/09/2020] OP: I am
[19:24, 24/09/2020] OP: I signed the paper mate I am so happy
[19:24, 24/09/2020] OP: That's all they need I told u
[19:24, 24/09/2020] OP: To make payments international so large
[19:24, 24/09/2020] Scumm: Yeah you said that mate
[19:24, 24/09/2020] OP: I am beeing honest as well
[19:24, 24/09/2020] OP: So I sent it back by post Today
[19:24, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] OP: But I am not at my banks city so post takes 1-2 days and then they can release
[19:25, 24/09/2020] OP: Sorry to keep u waiting
[19:25, 24/09/2020] Scumm: Ok mate
[19:25, 24/09/2020] Scumm: Oh I see
[19:25, 24/09/2020] OP: No what I meant: if I wanna start with more can j invest 20k USD too? I know u usually don't do and j ask very weird questions but I meant
[19:25, 24/09/2020] OP: I am not always home have pc etc but I am in contact with u and my bank
[19:26, 24/09/2020] OP: So is it possible? Otherwise I have to convert USD to euro or GDP
[19:26, 24/09/2020] OP: 40k is sill in USD I have
[19:26, 24/09/2020] OP: That would be even crazier profits 🤑🤑🤑
[19:27, 24/09/2020] Scumm: Now I’m understanding
SO NOW HE IS UNDERSTANDING good good, and almost ready to screw one of his US mules too:
[21:00, 24/09/2020] Scumm: Ok mate
[21:04, 24/09/2020] Scumm: Can they send from US to the IBAN account?
[21:05, 24/09/2020] OGOP: Hm I don't know it's a bit tricky BC I'm no us citizen
[21:05, 24/09/2020] OGOP: I have one iban authorised to cash all out in euro
[21:05, 24/09/2020] Scumm: Ok ok mate
[21:06, 24/09/2020] OP: And US I think right now
[21:06, 24/09/2020] Scumm: Ok mate please hold
[21:10, 24/09/2020] OP Sure man
[21:11, 24/09/2020] OP: Uff such a huge step for me
[21:11, 24/09/2020] OP: I hope u do it real good 🤑🤑🤑
[21:12, 24/09/2020] OP Do you have customers in US too?
[21:12, 24/09/2020] Scumm: Bank name: Teachers Federal Credit Union
Bank address: XXXXXXX
Account holder: XXXXXXXXXXXXXX
Account Holders address:
XXXXXXXXXXXXXXXXX
XXXX
Routing Number: XXXXXXX
Account number:XXXXXXXXXX
[21:12, 24/09/2020] Scumm: Sure mate //SO HE CLAIMS TO HAVE SCAMMED US CITIZENS!
[21:12, 24/09/2020] OP: Nice
[21:12, 24/09/2020] Scumm: Please make sure you send confirmation immediately
So finally I did not send him payment proof,I sent him a spoofed link to fetch his IP with a link to "payment proof" and got his IP and location (cant showr a real link bc it has my IP in it...) And was like " oh hey how is the whether in Irele, Nigeria??"
Needless to say he blocked me straight away after I called him a disgraceful sc*m but hey..... I still called the corresponding banks, the UK Fraud Action and the FBI just to make sure and shared all of the details without any editting :)
Have fun "mate"! If they can freeze only 1 $ and return it to a likely victim, I am more then happy
Cheers dont get scammed! Have a wonderful day!
TL/DR: Scammed a Nigerian scammer into sending me real accounts, names and details in UK and US (mules) to forward to the police and may or may not have donated 500 to charity.
submitted by elyminas to Scams [link] [comments]

How To Start A Blog

Creating a blog couldn’t be easier and yet more complicated in 2020.
There are so many different things to think about, and yet so many different platforms you can use to streamline the process.
Understandably you’ll already have an idea of what you want to write about, I, unfortunately, can’t help you with that, but what I can do is show you how you can set up a killer blog that will drive readers to your website.
We’ll take you through what you’ll need to get started, our five steps to setting your blog up, the best blogging platforms to use, how to get your blog discovered, and the do’s and don’ts of blogging.
But first, we need to establish what type of blog you want to set up.

What type of blog?

Firstly you’ll want to have a goal in mind. What are you aiming to achieve through your blog?
Do you want to pull in more users to your sales pages by writing about your brand, to increase its publicity?
Do you want to build a blog that promotes brands and products from other companies?
Or do you just want to set up a blog documenting your travels around the world?
In order to pick the right software for you, you’ll want to have a grasp before you start of how big this blog is going to be, whether you’re going to monetize it, and what type of blog it’s going to become.
For example, if you’re planning on building an affiliate blogging programme, where you promote other brand’s products and call readers to action to but the products, you’ll be writing a lot of content and will benefit from having a more comprehensive blogging system with lots of plugins to promote sales.
But if you’re looking to just set up a personal, or a personal brand blog talking about yourself and your brand, you may not perhaps need as many comprehensive features as you would if you were building an affiliate blog.
You may also want to build an online portfolio of your work, which could require an entirely different piece of blogging kit, as opposed to the traditional blog that hosts articles and journals.

What you’ll need to get started.

There are 3 key things you’ll need to get up and running.

  1. A blogging platform.
After you’ve identified the type of blog you want to set up, plus whether you’re going to make money from it, you’ll then need to pick a blogging platform tailored to your needs. Many people chose to operate on WordPress as it is one of the most comprehensive blogging systems going, but they forget platforms like Wix and Squarespace that are great for both helping you save and make money and are great options for those who are less tech-savvy and are new to the blogging game. Plus if you’re blogging for business, you might want to think about using LinkedIn for your business blog.
We’ll go into more detail on what blogging platforms are best for your needs shortly, but make sure to keep in mind your objectives and technical experience when choosing the right platform for you.
  1. A hosting platform.
Every website needs a web host to store their website’s information on the internet. A web host is an online service provider that will store your website’s information on one of its online servers. This will put your blog out there to the world. The best web hosts will perform a variety of functions for you, for example, Wix is an all-in-one package that will host your website for you, allow you to register a domain name, and has easy to use website design tools to help you start your blog.
Web hosting can be expensive though so make sure you pick the best value for money host that can cater to the amount of traffic you have running through your website. Check out our post on the 11 best hosting providers. [Insert blog link here]
  1. A domain name.
I’m sure by now you already know what sort of blog you want to set up, whether that’s a travel, blog, a blog accompanying your online store, or perhaps an affiliate marketing product review blog. You’ll have a niche and an idea and now all you need is a name. Every website online has what’s called a domain name. It’s included in the website address at the top of your search bar, for example, our domain name is www.digitalsupermarket.com.
You’ll need to register a domain name after you purchase a hosting plan, to enable customers to find your site quickly and easily. One good tip is to find a hosting platform like Bluehost or GoDaddy that will provide you with a free domain name when you register for one of their web hosting plans as domain registration can be fairly pricey. Pick a great domain name that is easy for customers to read and type into Google so they can find it easier online.
TOP TIP: To increase your blog’s search engine ranking, and to help more people find you on Google, try to pick a domain name that has either a .com or .co.uk ending. These domains often rank a lot higher in Google searches than .org’s, .net’s, and .info’s, and for that reason can be slightly more expensive, yet can help boost your site’s reach and credibility.

The Best Blogging Platforms For You.

There are a wealth of platforms out there catering to all your blogging or online portfolio needs. We have listed some of the main ones below shedding some light on what needs they service and why they might be a great option for you.

WordPress - The best software to give you full customisation.

WordPress is perhaps one of the most renowned blogging platforms in the world, running approximately 35% of the internet. It’s favoured highly by professional bloggers because it gives you total freedom to do whatever you want with your blog. WordPress can help you build your blog using one if its search engine optimised themes, you can customise using its drag and drop website builder tool to create a stunning blog.
What’s more, is you’ll be able to use its professional blogging service to post your content online and take advantage of the hundreds of third party app plugins, you can integrate into your blog, to improve automation, add new features, and drive traffic to your site. The only downside of WordPress is that it can be quite technical and can take some time getting used to, but once you’ve got the hang of things, you’ll have great control over everything on your webpage.
Pros:
Cons:

Wix - Best for monetizing your site.

Wix is probably the most streamlined and easiest blog providers. It’s so simple and easy to use, it’s therefore great for anyone just starting out in the blogging world. You can customise one of its stunning templates with Wix’s drag and drop editor, and then upload blog posts to your site by slotting in pictures, gifs, social media buttons, sidebars, and other widgets that will help your blog stand out.
One of the coolest features about Wix is its marketplace integration, where you can install a whole variety of third-party applications to your blog to provide your users with greater features and usability. Wix is the perfect all-in-one blogging solution to help you easily build a platform to amplify your business to the world, helping you to make more money, but it can also save you a lot of money as it’s cost-efficient plans roll up, web hosting, blog posting, and domain registration all into one product!
Check out our Wix review and our comparison of Wix and Squarespace for a deep dive into Wix’s main blogging features. [Insert link here]
Pros:
Cons:

Squarespace - Best for creating visually stunning blogs.

Squarespace is very similar to Wix, in that it is an all-in-one web building and blogging platform that can help you build a blog you can monetize efficiently. It sets itself aside though through its better design and customisation features, making it one of the best platforms on the marketing if you’re looking to design a visually aesthetic blog. I’d recommend using this platform if you are a business operating in some sort of design, arts, or culinary industry.
Although it offers minimal template options, Squarespace’s templates are works of art and offer you great customization when building your blog. Plus Squarespace offers a great blogging tool that lets you schedule posts and customize your blog to suit more mobile audiences.
Pros:
Cons:

LinkedIn - Best for blogging businesses.

Aside from setting up a blog on your own site, corporate entities can use LinkedIn to enhance and amplify their presence online. LinkedIn has more than 575 million users, most of whom are professionals and members of corporate conglomerates, and you can use this social platform to target some of the most influential people in the world.
If you’re blogging about business this is the perfect platform to use a pre-existing community of people to enhance your social standing. You’ll then be able to build connections and followers on your profile who can easily share your blog on their platform through a couple of simple clicks.
Pros:
Cons:

Instagram - Best for the Artists.

Instagram is one of the biggest blogging sites in the world and without realising it, we are all technically bloggers in some way with our Instagram accounts, right? Ultimately for professional use, it is great for building a portfolio that has some form of visual or graphic eye-catching media around it. Instagram lets you post videos, photos, boomerangs, even write a blog in the photo’s caption if you wanted to!
Best of all, Instagram is free, and you can use its business software to link up your online store, to drag users away from your profile, using its product tagging features, and land them in your online checkouts. Our top tip for using Instagram is to post regularly and keep on the theme of your blog. Don’t go off-piste as you’re followers will catch on quickly and unfollow you. And with 1 billion people using the platform each day, it is a great way to gain people’s attention and build your brand’s presence online.
Pros:
Cons:

The Do’s And Don’ts Of Blogging

Here are a couple of top tips to bear in mind when building your blog to help you create an awesome, lead driven platform.

The Don’ts

Don’t use complicated language too soon.

With that in mind, do include language that your target audience will understand. But remember they are still here to learn, so don’t drop people in at the deep end right away by using complex jargon off the bat. Define terms and spell it out in layman’s terms for people at the outset, and as the post goes on, then introduce more complex writing. Introducing technical jargon at the start of your posts is an instant turn off for most readers.

Don’t waffle - Keep it succinct.

People want to get to the punchline now. 43% of people admit to skimming through blogs to get to the information they need, meaning to get your blogging site converting leads, you need to engage the reader early on and offer information succinctly throughout your post.
Plus don’t make your blog too long. Depending on what you’re writing, a lot of people will see large volumes of text and will switch off immediately. There is no set limit for what a good and bad amount of text is, that’s something you’ll have to figure out per your industry, but from my experience, the shorter, the better.

Don’t make headlines too long.

Also ensure that your headline is not more than 60 characters long. If it gets too long it won’t rank well in search engines and people just won’t want to read it. Check out this headline analysis tool which will analyse the effectiveness of your proposed headlines.

Don’t plagiarise or use credited images.

Copying other people’s work is lazy and can land you in a lot of hot water in extreme cases if you breach a copyright regulation. But it’s also just unfair on the person who has worked hard or been creative to write that work. The same goes for images, people need to make a living from the content and photos they’re taking so don’t steal that off them.

The Do’s

Do write killer headlines.

People are like goldfish. You only have about 3 seconds to get their attention. That’s why it is important to write catchy, funny, and enticing headlines to draw your reader in. One good way to do it is to use the “How To” and “10 Best” strategies. These sorts of titles telling people ‘How to set up a blog’ or ‘the ten best web hosting platforms’ are search engine optimised, lead winning titles that rank highly in Google searches. Try them out and see!

Do post regularly.

The key to creating a great blog that builds leads is posting regularly. Although it is not the best idea to post regularly. Ideally, you want to post 3-4 times a week to get the best influx of traffic to your site. You’ll also want to check out when’s best to post for your target audience, for example, if you’re in the FOREX market, you’ll want to post your blogs perhaps at 8 AM, before the markets open when city workers are on their staring at their phones on their morning commuter trains to the city.

Do share on social media.

Share your content far and wide on your social platforms. Everyone is on social media these days and its outreach is simply phenomenal. That’s why you should always share your posts to your social channels to get greater traffic on your website, and include share buttons all-around your blog to invite your readers to share your articles too!

Do use SEO keywords to drive more traffic.

In a nutshell, SEO keywords are the phrases people put into search engines when they are looking for information on a certain subject. They are how you get found on your website. Depending on what you are writing about, there is always a set of keywords relating to that topic that you can implement, to help you show up higher in people’s google searches. For example, people might regularly search in google, ‘what is the best compost for growing sunflowers?’ When you come to writing about growing sunflowers in your blog, you might want to use these words or incorporate this question into your blog somewhere, to help you rank higher on Google.

Do use call’s to action to take your readers to the next step.

If you don’t challenge your reader at the end of your blog to follow you on Instagram, or check out your sales pages, you’ll never get the leads or sales you are looking for. With that in mind, build compelling calls to action at the end of each of your posts, to pull readers into taking the next step. Check out our post on landing pages to see a couple of cool ways on how to implement calls to action on your site [insert link here].

Do identify a target audience.

People will often tell you to write as though you were in the shoes of the person you’re looking to bring to your website, but it’s true! Identify what type of people you’re writing to, for instance, if you’re writing a business blog about FOREX trading, you’ll write with potential traders in mind who have one eye on the stock market and the other on your blog. Or if you’re a wedding florist, you’ll set your portfolio up to target those people looking to get married in the next year.

Leads, Sales, Results.

Blogging is one of the most influential marketing strategies in the world and the best bloggers can reap some awesome rewards for producing some truly awesome content.
It is fairly straightforward to get started and we advise if you’re a small business, or someone with minimal blogging experience, to try out Wix or Squarespace first before you jump into using more technical platforms like WordPress. Once you’re up and running remember our top tips on what to do and what to avoid when writing your blog. Plus don’t forget to think about optimising and adding useful applications to your site to help you build and grow your content. Check out these 39 awesome blogging tools you can use to drive greater traffic to your site!
Found this article useful? Make sure you share it with your friends on Facebook and Twitter and let us know in the comments if you have any other useful blogging tips.
submitted by digitalsupermarket to u/digitalsupermarket [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]

Bitorex Reviews

Bitorex Reviews

What brings Bitorex Reviews for beginners and experience traders


Bitorex.com
Bitorex is the place that offers incredible quality and professional help and guidance with the best customer support for clients on all accounts.
Using state of the art technology and a modern approach to establish amazing results. Each decision is based on creating the ideal environment with a positive rapport and relationship, so trust and understanding are witnessed with all professional and expert advice.
The team gets to know the clients and we get to know them. Our success is their success, wanting us to succeed.
Bitorex ideology and inception was crafted to trade on the most popular marketing platforms. Always on the edge of innovation and striving to be the best and up to date in the trading industry to deliver the highest possible results.
Take a look on following videos to acquire more info
https://www.youtube.com/watch?v=1fBXVKvujj4
https://www.youtube.com/watch?v=pH-FKJp52lg
If you seek to find out how really good then you should visit links bellows from Bitorex reviews made from real clients.
Please visit this link on Trustpilot
Please visit this link on Sitejabber

Bitorex trading assets

With a vast array of trading assets to choose from it will increase your choices when building a portfolio and allow endless opportunities in the trading world.
Strive to attain your goals and dream. They help you get there.
By taking advantage of all of the online tools you will be handed with vast knowledge and professional expertise partnered with the potential to invest from cryptocurrencies, forex, stocks, commodities, indices, and much, much more.
You can read about Ultimate Bitorex Review for 2020 here.

How much is it to get enroll on Bitorex?

Working with Bitorex and their team is free of charge. That means they make sure that;
· Bitorex is completely free
· Bitorex offers free registration
· Fee-free deposits
· Zero Commission accounts
Even if you are new to trading and are a novice when it comes to the industry Bitorex is ideal for both the experienced trader and someone who is just starting to learn about the trading world.
I am a very experienced trader and when I first signed up to use Bitorex I was impressed with the trading platform and online tools. I also asked a few of my friends who are new to trading to test it out and they found it so easy to use and extremely informative with the educative kit they offer as well as the team support staff.
For better help you can read about more help on Steemit community on this link.

New Trader at Bitorex? No problem!

Let Bitorex know you are a new trader as they offer you a personal account with a full manager support package and a quality educative comprehensive approach to trading.
For those traders who are well versed in trading platforms can rest assures that Bitorex has incredibly fast execution, tight spreads, and experts ready to help you 24/7.
For new traders, this service offers comprehensive education and a personal account manager for a full support package.
And if you are an experienced trader, with Bitorex, you have the edge of tight spreads, fast execution, and a team of experts always available for you.
Being 100% regulated as a broker you can rest assured and not lose sleep knowing that they are trusted worldwide.
To find more about info as new trader we urge to read this blog post on TimeBusinessNews.

How to sign up today on Bitorex!?

If you choose to open up an account with Bitorex today you just follow these small simple start-up steps to get your account to start trading with 3 minutes.
First, fill out the quick online form with a few questions with regards to your trading experience than by using our instant online verification to identity simple and effectively you are then able to fund your account and withdraw money anytime.
I have found that Bitorex believes in the highest standards and look to raise the bar every day. The team pledges to deliver the best service they can and use cutting edge technology to find solutions with a team of people who have integrity, impeccable values, and strive to achieve their optimal performance every day.
When choosing an online broker you need to find a company that values ethics and transparency to help build trust with clients and global markets. By always putting clients and partners first to deliver the value of money and finding new ways to understand and serve them in this industry.

Bitorex Trading Platform

Bitorex platform uses many assets that can be traded at the same time which offers major benefits because many trading platforms do not odder these features.
You can translate to different languages and use on all devices from your laptop, PC, Tablet, or smartphones. Trading and many options to choose from available to you where ever you are with cross-platform devices.
In conclusion, Bitorex is one of my favorite trading platforms when trading cryptocurrency and forex. Bitorex reviews was already featured on BusinessModuleHub and BusinessCaseStudies.co.uk
So easy to build experience and user friendly and no fees, unlike its competitors. A massive range of educational resources to enable you to take your trading experience to the next level and see results fast.
Bitorex is flawlessly designed and a must for any trader.
Get on board today!
submitted by Mase2592 to u/Mase2592 [link] [comments]

BrokerXP Reviews

BrokerXP Reviews

My perspective of How BrokerXP review help me and how can help you also.

In this review, we are taking a look at a trading platform that is used by traders all around the world. BrokerXP offers a varied range of financial products with competitive fees and an easy-to-use trading interface.
With advanced trading tools and charting features.

BrokerXP Slogan

BrokerXP Fees

If trading fees are important to you, then BrokerXP has you covered. BrokerXP offers low spreads that are available to all customers. For forex traders, BrokerXP has no fees at all, this means that you can maximize profits when trading currency pairs. The broker also offers a guaranteed stop-loss order which Is when clients get their stop-loss order rate guaranteed when setting a risk threshold in their position. BrokerXP also offers a 200:1 leverage ratio, which means that for every $1 in your account, you control $200 in the market. So if you are trading and don’t have much capital, you can still generate significant income as your profits can be multiplied by 200x. However, if you are a beginner then it is not advised that you use leverage on your trades. As profits are multiplied, so are losses. Before leveraging, learn the basics and trade using a demo account as this can stop you from losing too much money when you start trading actual capital.

BrokerXP Security

MT4 and BrokerXP have end-to-end encryption that secures trades and funds that are within the trading account itself. Imagine your trading account like a debit card, you wouldn’t put thousands of dollars in your debit card and leave it on a park bench. So when choosing what trading platform you want to go with, make sure that they take the security of your account and funds are serious as you do.
To find more answers please watch this video
https://www.youtube.com/watch?v=VyMdFz8Rh18

BrokerXP MT4

MetaTrader 4 is seen as the flagship trading platform, used by individual traders at home and large institutional investors alike. The platform is available on iPads, iPhones, Android phones, Android tablets, and just about any other web-enabled device. If you want to use the desktop version, instead of the web-app version, then you can download the desktop version and trade from the version. Once you’ve downloaded or loaded the platform, you can log in using your BrokerXP credentials. You can customize the charting interface, changing between light and dark mode, along with some other interface elements. Like with most online platforms, the security flaws come as a result of the customer not securing their side of things. This means that when you are trading, make sure to use long passwords that are difficult to guess and crack. Also, try and avoid trading on public computers as these can lead to your account being compromised.
On MT4 you will notice some phrases on the trading interface, here is some explanation of what they mean. When you see the Symbol tab, this means that you can choose between markets. BrokerXP offers many different trading asset options. You can trade forex, gold, stocks indices, and more. The volume tab is where you decide on your trading size. When you see 1 lot, this is equal to 100,000 units of the base currency. The Type tab is where you decide on your trade execution mode, we advise that you stick to ‘instant execution’ as this will place a trade as soon as your press ‘buy’ or ‘sell’. If you set a ‘pending order’, then the platform will make the trade when the market opens back up. The forex market is open 24/7, so this execution method will rarely be available. Stop-loss is another term that you may see on the MT4 interface, this means that your trades are exited when your profits hit a predetermined point.
Depending on what type of trader you are, the platform will offer you a specific set of charting timeframes that best suit you. For example, if you are day trading you may look at charts on a 10-minute timeframe. MT4 offers charting timeframes for 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, and 1 month. You can also set custom timeframes in case the standard ones are not suitable for your trading technique.
Along with advanced timeframes, MT4 also offers 30 technical indicators such as the Elliot Wave indicator, Bollinger Bands, and pivot points, along with many more. There are also third-party add-ons that can be integrated with the platform in order to customize your interface further. Add-ons like Stealth Orders and Alarm Manager are two of the most popular addons. The first is an extension, Stealth Orders is designed to anonymize trades, with Alarm Manager helping coordinate alerts and notifications. With MT4, you can also create your own extensions using Java API, which is one of the platforms most advantageous features, as it can make everything unique.

BrokerXP Mobile Trading

The MetaTrader 4 mobile app is designed with the main focus being on ease-of-use. The mobile app is packaged with lots of research tools, advanced charts, and watch lists for scanning, with many more features.
When using BrokerXP’s mobile trading app (MT4), the look and feel of the mobile app have the same appearance as the web version. This means that if you know to operate the web-based platform, then the mobile app will be easy for you to grasp. With charting, you are given the same charts that are offered on the web app. However, due to the mobile screen being smaller, carrying out advanced forex analysis may be more difficult on mobile devices. But for making orders, setting stop loss or checking basic tasks, the mobile app is more than capable of doing so. The main benefit of using the mobile app is that you can make trades on the go. You no longer have to be at your computer or office in order to set trades. Let’s say that you make a trade at home then go grocery shopping. Whilst you are out you realize that you didn’t set stop-loss in your rush and your pair is depreciating when you check. Now, you can use your mobile to exit a position immediately, you don’t need to wait until you get home.

BrokerXP Customer Service

BrokerXP has a great dedicated customer service team, they are very professional and offer solutions to all of the problems that you could present them with. If you are a new trader, then you may encounter some problems when trying to get to grips with a new trading platform, so BrokerXP offers extensive educational resources. These educational resources are designed to help people familiarise themselves with the platform and all of the financial assets that are available to be traded on the BrokerXP platform. The MT4 platform also has a customer support team that is able to deal with any questions or issues that you are having on the trading side of things. MT4 also has a community section for traders, where questions about trading can get answered. A community forum is a great place for you to get tips about trading and non-essential things that the customer support team may not need to answer.
For customer service, you could read here and on this link.
To conclude, BrokerXP is one of the best choices for financial asset trading available.
Their low fees and advanced features make it perfect for beginners and pros alike.
For more reviews, you should visit official reviews on the website, Trustpilot and Sitejabber.
We highly suggest visiting also on Patch following links for more info and updated news
https://patch.com/california/los-angeles/calendaevent/20200929/898131/brokerxp-reviews-are-happening
https://patch.com/california/los-angeles/classifieds/announcements/171418/brokerxp-is-having-own-reviews-in-pacific-palisades
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The truth about Forex trading - YouTube FOREX Explained - YouTube How to Start Trading Forex - YouTube The ONLY Forex Trading Video You Will EVER Need - YouTube Day Trading: Most Important Info for a Short Term Trader ... How Compare forex and stock brokers for trading on ... How to Get Insider Trading Info for Free - YouTube

A big advantage in favour of Forex trading vs stock trading is the superior leverage offered by Forex brokers. With leverage, a trader with a smaller amount of money can, potentially, earn a larger profit in Forex vs stocks profit. However, while profits can be much larger, losses can also be multiplied by the same amount, very quickly. It is in this way that Forex is riskier than stocks. But ... A good option for trading stock indices online is MetaTrader 4 and MetaTrader 5. The MetaTrader platforms are the world's most popular trading platform, with extensive charting and trading functionality. Plus, with Admiral Markets, you can access a range of financial markets within the same platform, including CFDs on indices, Forex, commodities, cryptocurrencies and much more. Admiral Markets ... Whether stock trading or forex trading is better for you largely depends on your goals as a trader, on your trading style, and on your tolerance for risk. Forex trading involves far more leverage and far less regulation than stock trading, which makes it both highly lucrative and highly risky. On the other hand, tracking forex market is often easier than tracking stock markets since there are ... Online stock trading – Learn how to invest online! Would you like to start investing? Thanks to the Internet each one of us can easily start investing at an online broker. But how does this exactly work? On trading.info you can read all you need to know before managing your first investments and making your first trades. How do you invest online? All you need to invest online is an account ... Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... Forex trading is one of the most lucrative trading platforms in the world for millions of companies with a wide range of trading facilities. In particular, currency trading, stock trading, option trading, etc., and it is noteworthy that digital currency trading has been very popular among the people for a few years. We can see together. Online Stock Trading InfoStock trading online has to turn out to be a well-liked and worthwhile avenue for a lot of who lik. Breaking News. Correct Foreign Exchange Danger Management – Positive Means For Constant Revenue on Foreign Exchange ; Free FX Purchase and Sell Indicators; How one can Use Main and Lagging Indicators to Drive Your Income; The three Largest Causes Why Trading Indicators ...

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The truth about Forex trading - YouTube

This a video explaining what forex is and how I got started in the 5.7 trillion dollar market I hope everyone enjoys. if you're interested hit my dm on insta... CLICK HERE FOR MORE INFO: https://rebrand.ly/forex33 And start earning in the Forex Market Now! In our growing international company setting, there are compa... What's the most important information for a short term trader? http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE T... The ONLY Forex Trading Video You Will EVER NeedTHIS QUICK TEST WILL HELP YOU BECOME FINANCIALLY FREETake it HERE: https://discover.tiersoffreedom.comTo join my ... How to Get Insider Trading Info for Free // Here's the EDGAR website: https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent // For Canadian insider trad... Join the ForexSignals.com Trading Room: https://bit.ly/2xmRgvk How do you get started in the forex business? In this video, I will list the most important st... https://www.robothousetrading.com/welcome I understand that people get excited about trading Forex, making money, living their dreams, etc... But the reality...

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