forex experience?
By sunita64
@sunita64 (6469)
India
May 10, 2007 11:56am CST
By starting this discussion I wanted to know the views of mylot community regarding the forex investments, I have come across some sites which say invest only dollar 1 and get 12% daily for one month or 10 days and increase your money. I just wanted to know if anyone here has tried and earned from such kind of investments?
1 person likes this
9 responses
@jajaka_desa (219)
• Indonesia
11 May 07
It is all look great PROVIDING they do make 25% a month and i am not sure at all that this can be made as arbitrage betting bring fractions of a percent in good case and can't be used also for most of the funds they have in the pool which lower the total return even more.
@sreeraj_9 (67)
• India
30 Jun 07
my eamil is sreeraj_9@yahoo.com
i am free for any talks
i like to earn money
can u suggest me any type of cases also no problem....
bye for now
waiting for ur response
1 person likes this
@annihilus (2181)
• Italy
9 Jun 07
You have visited scam sites that don't invest in Forex! Forex needs to invest seriously not less than US$ 10,000 and not by e-gold! Only by wire transfer or credit card deposit!
This about the strictly policy regulating Forex market against every kind of fraud and recirculation of "black" money.
And remember in Forex you can earn or lose but it is not for all! need to know financial world rules and know how Forex market works!
see this link:
http://www.fxstreet.com/
and don't confuse real Forex with real SCAMS like HYIPs and autosurf!
1 person likes this
@ajinomoto23 (1057)
• Philippines
9 Jun 07
My sister lost a lot of money investing in US dollars. Buying and selling dollars can be good business. But buying them when prices are going up - you never know they will go down. Overseas Workers from our Country has contributed a lot of the decrease of Dollar exchange. The higher the interest rate that they promise the higher the risk. To be safe put your money in your local banks. Internet investment is not a safe way to place your money. They open and close shop without notice. I hope there will be laws to protect users in internet regarding money transactions. Many are caught unaware, their hard earned money are lost.
@decisionmaster (161)
• United States
17 May 07
I think I can make good money trading the forex. As for last year, that was my first year learning what to do so I was in the negative. I am mainly trading the Japanese Yen and the New Zealand Dollar. Do not mess with HYIP. They are a scam.
1 person likes this
@pramodthakur (2365)
• India
11 May 07
I do not think this will continue. This may be fake. See if thousands of people invest only 1 dollar then how much it will become. They will pay interest to only few and the few people will inform that they are getting return. Such sites collect huge amount in name of only 1 dollar. The investors think that this is small amount, let us invest. If it is not returned, no matter. But such sites earn in bulk and disappear from picture. The investors also do not claim as 1 $ is small amount.
1 person likes this
@jayalaksmi (1039)
• India
8 May 08
I have joined one sites too and i am not sure about this. I have not tried to get more details on this so i didn't invest in this site. I would like to know more about this because it seems to be a good prospect if this is not spam. I would surely look for details of this type of site.
@frontier2002 (630)
• Malaysia
10 May 08
Yes indeed you can make 12% a month from forex trading. However in your case with $1 invested and get back 12% sound like a low class scam HYIP. Usually HYIP sites will allow people to invest as much as $1 or $5 and get back more money from them. However they can begone within hours of operation haha. Very very tricky. My advice is never trust HYIP sites no matter how attractive are their offer for you. In fact they can offer 200% earning within a day. Just stay away you will be safe before they begone with your money.