To join or not to join Forex Trading
@cacay1 (83495)
Cagayan De Oro, Philippines
February 28, 2021 2:47am CST
I enjoyed watching people getting richer through trading. I do not have idea how to trade, then I encountered a site inviting people to trade. I applied and am scheduled for a Webinar Saturday next week.
I am so sure many of you here know or experience Forex Trading. Can you please give me insights of this kind if scam or not or me at the losing end. I need your brilliant idea. Capital amount was not mentioned but I am sure it will be talked about during the webinar. It's my long dream to become a millionaire 
, so I thought deeply if Forex trading is the answer of my insanity.
Share me your thought about Forex Trading. Thank you dear Mylotters.
, so I thought deeply if Forex trading is the answer of my insanity.
Share me your thought about Forex Trading. Thank you dear Mylotters.21 people like this
18 responses
@LadyDuck (471506)
• Switzerland
28 Feb 21
If you never did and you know nothing about foreign currency DO NOTHING!
Forex Trading was part of my husband job, you can make money if you really know what you do and what you have to do cannot be learned in a short time. Be careful if other people propose to "deposit the money on their account to trade", those are all scammers.
7 people like this
Tank you Anna, I will cancel my registration. I am so scared. At least I got the explanation from the legit source having a husband worked in the Forex Trading. This helps me a lot to retract my plan. Thank you.
@sunrisefan (28524)
• Philippines
28 Feb 21
@cacay1 But have you given your important data like your bank account number, date of birth, etc.?
3 people like this
@LadyDuck (471506)
• Switzerland
28 Feb 21
@cacay1 To trade a currency you have to consider so many things. Take the dollar, right now it is very low, so most people would think that it's a good moment to buy... you have to consider the future, the economy of the country, the problems that the new President will encounter as most Republicans will be against him... so to buy or to sell? As the experts always said "if in doubt, do nothing".
4 people like this
@sunrisefan (28524)
• Philippines
28 Feb 21
Be very careful with that, Ms.Erly. Even if it’s legit, forex trading is very risky. Beware if you’re promised very high returns in a short time.
5 people like this
@cacay1 (83495)
• Cagayan De Oro, Philippines
28 Feb 21
@sunrisefan, thank you my friend. I 'm going to cancel my registration. I am so afraid from what had Anna told. Her husband worked in the Forex Trading and it's not easy to get instant richness. It takes time to get the knowhow until money disappears like a smoke.
2 people like this
@cacay1 (83495)
• Cagayan De Oro, Philippines
28 Feb 21
@sunrisefan yes, I am so thankful to this site for it is full of brilliant people, like you.
2 people like this
@sunrisefan (28524)
• Philippines
28 Feb 21
@cacay1 Good thing you have friends here who give you advice for your own good.
2 people like this
@lazydaizee (6735)
• United Kingdom
28 Feb 21
I do not know anything about this sort of trading although I should imagine it will come with some sort of risk. Maybe you would be better off investing in something like premium bonds where you can win cash prizes every month and get all of you initial investment back if you need the money for something else.
2 people like this
@cacay1 (83495)
• Cagayan De Oro, Philippines
28 Feb 21
@lazydaizee , thank you lady, I already cancelled my registration. I am so afraid after what the Mylotters said here. I better be safe. It is a risk so why must I gamble. I am so thankful to all the people here for the instant advice .
2 people like this
@cacay1 (83495)
• Cagayan De Oro, Philippines
28 Feb 21
@Butterfingers I better save it for the rainy days.
I better save it for the rainy days.2 people like this
@cacay1 (83495)
• Cagayan De Oro, Philippines
28 Feb 21
@Butterfingers yes hehehe to avoid regret for it comes at the end after money evaporates.
2 people like this
@rsa101 (38166)
• Philippines
1 Mar 21
Depends on your appetite for risks. Some people do not survive it because they cannot accept it when they lose their money over it. I suggest that you study it very carefully and start small amounts that you can afford to lose. You may be lucky at the start but you may lose when you get carried away by it and just lose that money when greed comes along the way. FOREX is a very volatile market it can go up and down very fast so you should be vigilant always when entering and exiting your trade. Also check the traders you are joining in as there are also fly by night ones where they will get your money and slowly letting you lose until you are forced to add more money to them.
1 person likes this
really? Msy abuse technology. There are many scams this pandemic.
@Laurakemunto (12862)
• Kenya
28 Feb 21
I had tried it but unfortunately you don't make money that easily. I think the trading machine has been tailored to favor the trading company. For you a trader, you are given a few profit margin. I don't know if it happens to other platforms. I got fed up with it
1 person likes this
@cacay1 (83495)
• Cagayan De Oro, Philippines
28 Feb 21
@Laurakemunto, that was bad , at least you stopped.
1 person likes this
@Laurakemunto (12862)
• Kenya
1 Mar 21
@cacay1 it's bad I felt so bad cause you always lose or win with very little cents but in their side they take the whole amount
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
28 Feb 21
It can be an interesting activity. If you are not required to pay anything in order to join the webinar, then it can be a good thing as you will learn new things. There are many things that you need to learn such as economic fundamentals if you want to engage in Forex trading. You must have a high level of understanding of the different economic situation of different countries because basically, this is one of the reasons for the change in the value ofa currency. On the overall, learning forex is a challenging yet a good thing.
1 person likes this
@cacay1 (83495)
• Cagayan De Oro, Philippines
28 Feb 21
@ARIES1973 , I already cancelled my registration . Thank you girl.
1 person likes this
@RebeccasFarm (89882)
• Arvada, Colorado
1 Mar 21
Look at you..beautiful ..you are gold
1 person likes this
@Reyzon (34)
• Yogyakarta, Indonesia
22 Jul 21
all that requires in-depth study, whether it's forex, or other businesses. so nothing is instant
@Reyzon (34)
• Yogyakarta, Indonesia
22 Jul 21
even if you want to dive in forex and investment instruments, you have to use cold money (no money in the near term).
