To join or not to join Forex Trading

Me in the faculty office 6 years ago
@cacay1 (83577)
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.
21 people like this
18 responses
@LadyDuck (472060)
• 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
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@LadyDuck, 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.
4 people like this
@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 (472060)
• 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 (83577)
• 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 (83577)
• 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
@May2k8 (18389)
• Indonesia
28 Feb 21
My brother used to be a Forex Trading player and because he is now more interested in the stock market he just focuses there.
3 people like this
@May2k8 (18389)
• Indonesia
28 Feb 21
@cacay1 Not a lot, only about $2000 from there but the risk is very high if we sell late then we can lose hundreds of dollars per lot.
2 people like this
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@May2k8 , Thanks for the info. Does your brother earn much from trading?
2 people like this
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@May2k8 My God I better stop dreaming.
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 (83577)
• 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
• India
28 Feb 21
No
2 people like this
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@Butterfingers I better save it for the rainy days.
2 people like this
@cacay1 (83577)
• 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
• India
28 Feb 21
@cacay1 haha yeah better to save
2 people like this
@ladyhero (3846)
• Indonesia
28 Feb 21
a few years ago I had participated in investing in a commonwelth bank so that I thought it was safer. My advice try to find information whether he is registered with the official financial authority of your country or not.
2 people like this
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@ladyhero, Thank you dear. I already cancelled my registration. I am so afraid to lose my hard earned money.
2 people like this
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@ladyhero , I hope I won't be tempted to register like forex trading next time.
1 person likes this
@ladyhero (3846)
• Indonesia
28 Feb 21
@cacay1 your welcome,
1 person likes 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
@rsa101 (38166)
• Philippines
2 Mar 21
@cacay1 well being persistent inviting you means they are inviting you to join because they will earn if you join them. . It is not a trading company but a networking one.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@arsa101, actually I already cancelled my registration and despite the cancellation they keep on urging me to join, so I reported them.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
2 Mar 21
@rsa101 really? Msy abuse technology. There are many scams this pandemic.
1 person likes this
@kanuck1 (4434)
28 Feb 21
It's not for me but I hope you do well if you get into it.
1 person likes this
@kanuck1 (4434)
1 Mar 21
@cacay1 I knew a few people that got into it, they were from the Philippines. but they did not do well. It's very tricky and at my age (70ies) best to stay out and not take any risks.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
2 Mar 21
@kanuck1, thank you so much for your very good suggestion.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@kanuck1, actually, I already canceled the registration because of fear of risk and temptation.
1 person likes this
@rakski (126031)
• Philippines
28 Feb 21
if you have extra money that you won't be needing anytime soon, then go ahead. I think this is a very risky business
1 person likes this
@rakski (126031)
• Philippines
1 Mar 21
@cacay1 good to know that. If you really want to join, you should study first the business. I tried that before but I did not understand fully. I found a lot of questions unanswered so it is a big no to me
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@rakski , I lost interest after the experience of others here. It's indeed a risk, yet many are attracted .Good for those millionaires they can gamble without hesitation.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@rakski, I already cancelled my registration. It so good to listen to experts .
1 person likes this
@DianneN (247184)
• United States
28 Feb 21
Stay away if you know nothing about trading. If you have the money to do so, talk to a professional financial advisor.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@DianneN, yes pretty lady, I have to use my coconut shell to avoid depression when my money disappears because I lack knowhow
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
3 Mar 21
@DianneN so funny thing, but at least I got many nice and meaningful thoughts here.
1 person likes this
@DianneN (247184)
• United States
3 Mar 21
1 person likes this
@thelme55 (77164)
• Germany
28 Feb 21
Sorry I can’t help you. I have no idea how to trade on Forex.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@thelme55, hi Thel, I hope you have read my message in your messenger. About Forex, I already cancelled my registration after the discussions of the different Mylotters here. It is a risky gambling.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
2 Mar 21
@thelme55 thank you Mrs. Germany.
1 person likes this
@thelme55 (77164)
• Germany
1 Mar 21
@cacay1 Yes, I have read it already. Thank you. It’s good that you have written about this Forex so we know if it is worth to join. Have a nice day/evening.
1 person likes this
@CarolDM (203422)
• Nashville, Tennessee
28 Feb 21
No idea anything about this, sorry.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
2 Mar 21
@CarolDM, indeed, it sounds good.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@CarolDM , Hi carol? It's okay. I already declined the invitation. I am told by many here, it is a risky gambling.
1 person likes this
@CarolDM (203422)
• Nashville, Tennessee
1 Mar 21
@cacay1 Sounds good.
1 person likes this
@sophie09 (34236)
• Indonesia
28 Feb 21
Hey. How are you? So glad to see you again
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@sophie09 ,hi girl? I'm fine here but cannot avoid to feel the boredom . I am still teaching but this time through online. I miss the f2f class.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@sophie09 , sometimes irritating students keep on asking and asking any time any day.
1 person likes this
@sophie09 (34236)
• Indonesia
28 Feb 21
@cacay1 i see . yes now classes are done virtuallly, yes you must feel bored just like i am
1 person likes this
@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 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@Laurakemunto, that was bad , at least you stopped.
1 person likes this
• Kenya
28 Feb 21
@cacay1 Yes it was so bad
1 person likes this
• 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 (83577)
• Cagayan De Oro, Philippines
28 Feb 21
@ARIES1973 , I already cancelled my registration . Thank you girl.
1 person likes this
@RebeccasFarm (90474)
• Arvada, Colorado
1 Mar 21
Look at you..beautiful ..you are gold
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
2 Mar 21
@RebeccasFarm OMG, thank you my friend, the more to your beauty with blue and green eyes.
@HazySue (39268)
• Gouverneur, New York
28 Feb 21
I haven't heard of Forex Trading. I would give it a thought if it didn't cost a lot of money.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
1 Mar 21
@HazySue, Hi Susan, I already declined the registration afraid of some unknowns.
1 person likes this
@cacay1 (83577)
• Cagayan De Oro, Philippines
5 Mar 21
@HazySue, yes Susan
@HazySue (39268)
• Gouverneur, New York
5 Mar 21
@cacay1 It sounds like it was a good choice to decline.
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).