SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
_______________________
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We thank you for your support !
CryptoCheck
BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
Scams
❗ WATCH OUT 👎 SCAMS & WORST Crypto's for 2023Hi Traders, Investors and Speculators of Charts📈📉
Many of these projects might come as a shock and be disappointing.
As the markets evolved and crypto regulation has taken a more prominent stance; scammers have had to become smarter. The latest trend seems to be a rug pull and then just let the rest of the project's liquidity bleed out. In other words, remain borderline active as they drain more and more funds over a longer time.
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves. When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to prominence in the portfolios of many retail and institutional investors. At the same time, people are still shocked when something like LUNAUSDT / TERRA happens.
📛 C+CHARGE / CCHG USDT 📛
Initially, the fundamentals sounded noble. But after some research, most members of the team are unverified and there has been no real project activity since late 2022. Apart from this, a coin that loses near 100% is ALWAYS a bad sign and indicates a rugpull, more than anything else.
📛 LUNC As seen on the chart / Terra Classic 📛
A noble rescue at first... TerraClassic community continues to create social media buzz based on the idea that brokerages listing LUNC will implement a burn tax that'll reduce the max supply of close to 6.9 trillion tokens. But even burning billions of coins won't have an impact with a max token supply this large.
The bigger problem is that TerraClassicUSD has de-pegged and its native coin Terra Classic no longer serves any purpose. With all blockchain work now revolving around the new Terra, Terra Classic and TerraClassicUSD are shell investments, with nothing to back their value.
📛 FTT / FTX Token📛
Why Kukcoin hasn't delisted this is beyond me... Te infamous token of the Sam Bankman Fried saga, more on it here:
📛BURGER / BURGER COIN 📛
. .. REALLY ?
📛 PIZZA 📛
AGAIN, really...
📛 Bitcoin Gold / BTGUSDT 📛
Bitcoin blockchain underwent a fork in 2017 called BTG. Although the fork was meant to produce a more decentralized form of Bitcoin, it has not been successful. BTG was created to address the issue of mining centralization in Bitcoin, but it has not been able to achieve its goal due to the emergence of specialized mining hardware.
Just DON'T. DON'T DO IT. Buy the real thing instead.
📛 PITBULL / PIT 📛
I'm letting the dogs out on this one.. That decimal is basically falling off my screen.
📛 BLUR / BLURUSDT 📛
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💭 All the above said. Let's discuss a few ways to navigate this wild west market:
- Research the team . Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. Check out their Twitter and Reddit. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment.
_______________________
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Why the INNOCENT traders always get scammedI received a very important question from a dear member named Bakang. He asked
"Why do people who show the most dedication are the ones who gets scammed most of the time".
Now, I have given an indepth answer with certain reasons and a book I wrote, because of how important this topic is...
Please read it and share it to your friends, family and groups. You just might be helping them avoid being scammed themselves.
Here is my answer:
Thank you for your question and it is a very common problem in society.
There are many reasons why innocent people tend to fall for scams when it comes to the stock market and other high promising schemes.
Reason #1: Humans are just too trusting
Humans have a tendency of trusting the fellow man and believing in the greater good of them. They read about how they’ll make fortunes with them using secretive and insider information – and they make you feel a part of something.
Then as soon as they have your money, they leave you and head over to the next victim like a snake in the grass.
Reason #2: Hot next thing
Every scammer tries to outwit another scammer’s intention. They see what one scammer is offering and they make even more false promises, lies and tendencies.
Then the innocent person is lured in because they don’t want to MISS this ‘once in a life time opportunity’. This has been happening for thousands of years, and human nature is unlikely to change.
Reason #3: Being persuaded by top marketers
The biggest type of scammer is the loudest, most charismatic and they show off things that they don’t have. Or the money they do have it’s from the people who have been scammed.
This is where you read the loudest promos, false and misleading information and advertising.
Also, my favourite is where people read FAKE testimonials with life stories on how something changed their lives…
Reason #4: Fear, Greed and Ego
Most people who are scammed fall for the two big sins of life. Fear and Greed. They fear to miss out on these opportunities and fear that it will never come again.
They have greed where once they’re lured in, they believe in it and deposit a lot more money having this undeniable faith they will be rewarded.
EGO is the one that is hardly spoken about but I think it’s equal to fear and greed.
Ego is where they refuse to believe it’s a scam. They believe they made the right choice joining them and where they want to prove to everyone, he/she was right and they were wrong.
Reason #5: Lack of education
The first way people are scammed is when they don’t have the starting education and understanding of the true and real principles that come with the venture they’re in. They think, because they have money they will win.
But when you dig into the actual principles and education, you’ll realise that there is and has never been a get rich quick way into anything. Everything requires risk and probabilities to achieve some kind of reward in the medium to long term.
Other reasons!
There are other reasons like feeling desperate to do something, acting urgently without thought, being persuaded by others and believe wrong and false information on a website.
It is up to you and me and all of us to better educate ourselves, avoid any scams and to choose the right people to trust and learn from…
Hope this helps and feel free to share this to spread awareness to fellow traders.
Trade well, live free.
Timon
MATI Trader (Trader since 2003)
REVEALED: 14 Ways to Spot a Trading ScamIf you’re new to trading, listen up.
There are serpent companies and individuals out there, with only one goal.
To make profits and money for themselves and NO one else.
They do this by exploiting the newbie trader’s optimism, greed and fear by tricking them into what I call “Easy-Money-Traps”.
As a savvy trader, you need to know how to spot and avoid these scams, before you fall victim to one of them.
I’m going to kick you off with 15 of the most common trading scams you may find nowadays.
SCAM #1:
Flaunting money and posing in flashy cars
WARNING: When you see an advert with a fake ‘guru’ posing in a Lamborghini holding stacks of cash, this manipulates people into thinking they’re rich.
REALITY: Most times the cash notes are fake and worthless, which is prop money that is usually used in movies. It’s also been proven that 90% of these companies or individuals usually rent the car, borrow it from their rich friend or they take selfies in front of a stranger’s car.
WHAT TO DO: Don’t believe everything you see online.
Scam #2:
They chase after your contact number
WARNING: When a fake “guru” begs for your contact number and persuades you to buy a trading course or ticket to their seminar.
The more aggressive they are trying to get your money, means that their primary income is mostly likely from what they’re trying to sell rather than the money they make when trading.
REALITY: A true trader with a product or service to offer, will not pester you, sound desperate and bully you with tons of marketing and promises. Their main goals are to offer you value, help and develop a relationship over time.
WHAT TO DO: Never share your contact number just to “Learn More”, “Book A Free Consultation” or “Check Out” information on what the product is about. You will have marketers call you on a weekly basis trying to suck you into buying their products.
Scam #3:
There is NO background information
WARNING: When a scam artist has little to no background or legal information.
Whether it’s a trader, broker, money manager or an educator – Never work with anyone who doesn’t have the following:
• A website
• A proven track record (at least 5 years)
• Valuable content
• An “About Us” page (To learn more about them)
• Contact information
• Customer reviews and testimonials (Ask people!)
• A company registration number
• Tax registration details• Financial regulation
• A website that isn’t secured (When it starts with HTTP and not HTTPS)
REALITY: Most times these non-regulated individuals will try their luck to get you to deposit money into their account and then will disappear.
WHAT TO DO: Always do a full check-up on the person or company through Google, Facebook, websites and reviews and take notes with the bullet points above to see if the person or company is licensed, legit and regulated by independent organisations.
Scam #4:
You can’t withdraw your money
WARNING: Your broker or money maker, doesn’t allow you or limits your ability to withdraw funds or profits.
Whenever there are delays to withdraw your money, chances are you’re dealing with illegitimate trading companies. It should never take more than a few days for your money to be returned…
WHAT TO DO: Don’t invest a single cent more into the company, until you have received your funds. Use your rights and speak to a lawyer about your options, in order to find a way to get your money back.
NOTE: This does not apply to fixed-term securities such as, hedge funds, bonds, retirement funds with periodic redemption rights and other constraints.
Scam #5:
Failure to prove their BOGUS trading results
WARNING: When you see someone bragging about their winning trades or money they made for the day and how they can help you – but not willing to prove their results.
Watch out with Facebook and Instagram posts on traders posting fake trading results on Telegram, MyFxBook, WhatsApp and other groups.
REALITY: If they are not willing to prove their results, chances are they have been Photoshopped and are only trading with a demo account. Also you’ll see them posting their gains and winnings only and never their losses. This is a big red-flag for me which screams out – SCAM!
WHAT TO DO: Avoid any person who is not willing to share their broker statements or trading results which have been verified by a reputable and licensed firm.
Scam #6:
When they urge you to buy immediately
WARNING: When someone tries one of their high-pressure sales techniques to get you to invest or buy a product or service on the spot.
If ever you get one of those sleazy salesperson’s try to intimidate you, make you feel stupid for not making a decision – warnings bells should ring.
Many con artists, will pressure you with limited time offers or tell you to buy on the phone or you’ll lose the deal.
REALITY: A legit and ethical company will never create such urgency. They will in fact, want you to do your own research, consider your options and take your time to see if their product or service offered will benefit you or not.
They will NEVER force you to buy anything on the spot.
WHAT TO DO: Do your own research before you make a decision, and make sure you leave those high-pressure salesmen charlatans.
Scam #7:
You hear bad investment advice or too-good-to-be-true deals
WARNING: When you hear bogus advice or too-good-to-be-true statements from an individual or company that is contrary to anything you’ve ever been told.
As soon as you hear any of these messages, they are most likely scams:
• “You can put your life savings into our brokerage firm.”
• “Follow our +80% win rate trading system.”
• “Do you want GUARANTEED returns?”
• “Take out a loan and invest with us.”
• “You’ll bank over 10% a month.”
• “We don’t use stop losses.”
• “100% accurate signals.”
• “Get rich quickly.”
• “Easy money.”
WHAT TO DO: Don’t run away just yet. Do the full check up on the company and with their track record and then decide for yourself.
Most times it’s just the marketing agency, rather than the actual trader, who’s trying to hype up the copy through their copywriting, Click Funnels, Value Ladders etc…
Scam #8:
They ask for your personal information
WARNING: When someone asks you for unnecessary personal information to make a transaction.
There are salesperson’s out there that will ask you for a bunch of unnecessary personal information including:
• Bank card details
• Facebook account details
• Phone number
• Income per month
• Trading account password
• Home address
REALITY: If you’re looking to invest in a trading product or service or open an account with an institution, then no trusted and legit company will ever ask for the above details.
WHAT TO DO: Never give any details to an individual or company that you don’t trust. You can also ask for their Terms & Conditions and Privacy Policy statements, to read each detail of their security and privacy matters.
Scam #9:
You get a call from a stranger
WARNING: You may get an unexpected and unsolicited local or international phone call “cold call”, email, letter or personal visit from a stranger offering you a deal.
REALITY: These are most times marketers or customer services trying to sell you something, in order to make a sale.
WHAT TO DO: Kindly tell them to remove your number off their data-base and that you will do your own research and will call them back if you are interested in what they have to offer.
Scam #9:
Watch out for bad wording
WARNING: When the company or individual is packed with bad wording.
Bad wording includes:
• Misspellings
• Incorrect dates (Look at the footer of a website where it says ©)
• Badly written content
• Unprofessional content i.e. emoticons, !!!, ??? and swearing
• Typos everywhere
• URL website has spelling mistakes e.g. (Foerxtrading.com)
WHAT TO DO: This should be your judgement…
NOTE: I personally am sceptical whenever I see any of the above, even though I may make a typo or grammar mistake with my own content every now and then.
Scam #10:
The never-ending Facebook scams
WARNING: When you see posts that offer you free signals, tools, get rich quick messages or advertising ploys that direct you to deposit money.
You’ll see countless scams on a daily basis in Facebook groups and pages that will direct you away from them by sending messages such as:
• “Inbox me”
• “Ask how”
• “Join our Telegram”
• “100% accurate signals”
• “Reply add”
• “Do you know you can make XXX amount of money”
• “Click this link”
• “Ask for more info”
• “Daily free signals”
• “Daily 200 – 500 pips”
• “Guaranteed results”
• “No scam”
WHAT TO DO: Do your thorough research and follow the above #3 step before making your decision.
EXTRA TRADING SCAMS TO WATCH OUT FOR:
#11: Trading software, robot or EA that guarantees a +70% win rate system.
#12: Fake Facebook profile name, picture with dodgy friends.
#13: Any product or service that promises “Zero-Risk”.
#14: Any notion that promises you riches quickly and tells you to trust them or take their word for it.
If you enjoyed this trading lesson of the day let me know in the comments and follow me for more daily tips.
Trade well, live free.
Timon
MATI Trader
Bye Sam- We will be better off without you 👋 October 31st we had issued the last warning (of many) against FTX and the semi-retarded 'Mr' Sam Bankman-Fried.
The world of crypto is beautiful and it is here to stay.
Yes, Lunas and FTXs will arise and yes they will fall and disappear but Blockchain is here to stay.
So, farewell 'Mr' Sam. We will be better off without you. You opened the door for regulators to storm in, but that's also a good thing looking forward.
OCT 31st message:
☝️Eric Voorhees is the good side of crypto..
SBF and FTX are the BAD side of crypto.
The sooner SBF(Sam) fails the better for all of us.
FTX is bad news 👈🤢
Sam Bankman is the Mark Zuckerberg of crypto 🤮💩 🤮
If you have no time to watch all of it this is the 1 min you should watch
PS. I don't think Binance will be willing to bail them out, There might be more pain incoming but also opportunity arises. time to choose the GOOD projects that will STAY and invest in those.
One Love,
the FXPROFESSOR
Spotted a "Branson Giving the Finger to Shareholders Pattern"This is just for fun lol
Filled the gap though and if you like to gamble, it *might* have found support. Hard to say when a Spac is bottomed these days though.
XOM looks peaked already when adjusted for dividendsSince 2014 the market has been selling off XOM whenever it reaches above $70 when adjusted for dividends, this has happened six times already. Could it happen again in the next few weeks?
Some more bearish reasons for a sell off:
-Chart shows a breakout of a bearish wedge which can turn out to be a blow off top.
-Every bag holder of XOM since before the covid crash can now cash out at break even.
-You can see on the daily chart that it usually sells off here just before earnings and the div date hit.
-With Electric Vehicles becoming hotter and hotter, it doesn't make sense that XOM would be as valuable as it was in 2014 and their down trending revenue since then show this: www.macrotrends.net
-Wall street has been pumping this stock and other value stocks harder than XOM can pump oil.
-Related UCO also looks almost topped to me, see this chart:
If I wanted in XOM, I would at least wait until it falls back down to $60, where under normal market conditions has had strong support.
One bullish possibility is a trend change. I would only consider the trend has changed if XOM holds above $70 for a few weeks as the moving averages catch up though.
My opinion is this whole movement is over extended and to be very careful! I don't like seeing us retail getting scammed by wall street.
AMC - The Ponzi Keeps On Ponzing, When Will the Marks LearnThis is a pyramid scheme. Get out while you still can. This is a scam, so don't fall for it.
Good idea to stop taking investment advice from people on the internet. Didn't your parents ever tell you, don't believe what you hear from strangers. I guess these Apes (aka. Marks) haven't learned this valuable lesson. SAVE YOURSELVES!!!!!
AMC will declare chapter 11 within the next 1-2 years. You have been warned.
Eco/monetary news n°30> The most sociopathic despair scam and the scammiest of all "it's the future" tech/blockchain scams in the same year.
I love scams. And I love criticizing them. I love warning people, and I love when deluded bagholders get mad.
First scam (family of scams): With covid, crooks are jumping on the new opportunities which are the vaccine scams.
You got the fake vaccine certificates, those are not the worst, and you got the fake vaccines.
China dismantled a whole criminal network of 80 fake vaccine traffickers, some countries found that hundred of people got "vaccinated" with water.
I am not going to debate on the various vaccine efficiency but I can tell you: If you are getting some phy serum injected, you are NOT immune.
And the second scam: Less dangerous (to health) than the vaccine scams, I present Earth 2. Ah, the virtual Earth.
See, thousands of idiots are paying thousands of dollars (yes yes) to buy squares of a jpeg of earth taken from google map.
The project not only has nothing but - this is just too much - their TERMS AND SERVICES clearly states they have no intention to work on the project, none of the info displayed on their website is correct, and they can run away with your money at any time without any warning. It's really in their terms.
I have never seen a scam just tell "people" (are real humans falling for this?) that basically it was a scam. On top of checking every single box in the signs of a scam!
Dumb morons that fell for this crap claim that it's the future and skeptics just don't get it (here we go again), and that it can't be a scam because it is on the blockchain (wat?). I am not a skeptic, if I was I'd have doubts, here I have 0 doubts I know for a fact it is a scam.
I have never seen anything this stupid. This is the record. I noticed they often liked crypto and Tesla, go figure.
> Told you China were panicking about their demographics! Get used to the 3 child policy. That was quick (not really).
So here we are. I mentionned a few weeks ago that China got its official reproduction numbers about which it was in denial.
They started banning (modern) feminists that they consider are part of the issue which made quite a few people smile (or laugh).
And now they are changing their old child policy and aiming for 3. In a way it was quick, this comes 1-2 months after the news.
But in another way it is really slow as forgive me for saying but that was extremely easy to predict.
"You can't predict the future" what a joke! Another prediction: It will take at the very least 20 years to fix the problem! Amazing call!
> While Israel FX reserves reach a historic high, a centrist & far-right alliance uses the war to challenge Netanyahou.
Israel, which has been accumulating assets for a while and was running out of ideas of what to buy with all that money, just saw its FX reserve cross $194 billion, almost half the country GDP. Still far behind Singapore thought.
This did not stop the center & far right of the country to make an alliance to try and replace Netanyahou, obviously not for financial reasons, with the far right frontman potentially being able to become the new PM. He is in strong support of settling in Palestinian territory. And has the support of the centrists.
I told you, it's possible for far right to get support from elsewhere in the political spectrum. The left/right divide doesn't make much sense 200 years after the french revolution, and the sides have kept getting redefined.
Talking of France, the far right could get the support of what's left of the left (they score about 15% in polls), if you don't understand how relevant that is, make sure to trade EURUSD with high leverage in April 2022, you might get a lesson you won't forget anytime soon.
> Brrrrr: New York FED sees record use of its reverse repo facility. They're puking the cash back! There is too much!
It almost reminds me of Japan. Almost because I wasn't a trader back then. Companies and Wall Street got way too much socialism, they don't know what to do with the money. Unlike the government that will spend it tills its worth nothing.
The numbers reached about 500 billion in a single night, and last week ended at around $2 trillion.
"Stimulus". You can't just throw money and "poof" it's magical everybody is happy. Some people aren't even going to work...
I don't understand how anyone over the age of 25 can fall for the "stimulus" joke. Is Zimbabwe the most powerful nation in the world? NO.
Money is a tool why can't people understand this extremely simple fact?
You can use it for example to give capital to legitime and productive companies, and withhold it from WASTEFUL CROOKS such as THERANOS and TESLA.
This ensures resources are allocated more ideally which obviously will make a country more strong.
> Central Bank Digital Currencies continue to make progress all around the world, and competition is backing down.
A lot is happening. Here is a list:
- The bank of Korea is starting its 10 month CDBC trial in August
- Facebook crypto org quit Switzerland to come back to the USA, and said that if the FED was to make its own crypto, they would drop theirs
- A prominent analyst at HSBC wrote an article explaining that China CDBC could help get its currency adopted worldwide
- Sweden Riksbank announced friday it was moving to phase 2: doing more than simulations, with a bank and an IT company
- Brazil got on board, publishing general guidelines about its own digital currency
> The next Venezuela/Argentine/Zimbabwe/Sudan? Tunisia central banks asks loan from the IMF to avoid "explosion".
In this era of fiat and demagogues making childish promises to gullible electors, countries are collapsing on a yearly basis.
Will Tunisia be yet another name to add to the list? It's governor thinks so, if someone solvent doesn't give them - err I mean "loan" - money.
The governor begged the IMF to answer yes to the PM proposal to get loans in exchange for economic reforms. Someone has to pay for socialism.
Would be quite bold to ask the IMF to kindly be that fool, and for even more money to continue throwing it around to get votes.
The head of government said he was prepared to make cuts in throwing money at (inefficient and wasteful) state owned companies, as well as civil servant wages.
You get all these countries collapsing, but the public doesn't react. Nothing changes. There are no coups either. The USA/NATO preventing those?
This sounds so insane but: AHEM! The trend of countries collapsing every month is not sustainable. At some point it will all explode.
Once the US are no longer able to be the world police, and their allies (Germany, Norway) are no longer able to throw money & stuff at failed states (Greece, every socialist country in the world). "Helping" people doesn't actually help them. It's like getting rich quick, it's actually the slowest way.
Should You Be Trading Forex?In this article I’ll show you the pros and the cons of trading Forex so that you can decide whether Forex trading is for you.
What Are The Pros of Trading For ex?
The fascinating world of Forex. You see, it’s super easy to find the pros because there’s no shortage of ‘Forex Gurus’ out there telling you they’re the greatest thing ever!
So let’s cover some of the pros of the Forex markets.
1. It’s open 24 hours
Well, the first one that everybody tells you is that it is open round the clock.
So it’s not like trading stocks where you have regular trading hours and then a few extended hours.
No, it means that you can trade it 24 hours a day through the business week.
It is the market that never sleeps. Now, we are trading from 5:00 p.m. on Sunday until 4:00 p.m. on Friday and these are Eastern times.
But as you can see, it is open all the time. And this is intriguing to many people because they have still a daytime job and then they want to trade at night or in the evening or early morning.
And this is one first pros you hear often about the Forex market.
2. “It’s the most liquid market in the world”
There is another pro, this is where people say, “It is the most liquid market in the world.”
What do they mean by this?
It means there’s a lot of volume going on.
I found that the average trading volume in the Forex market is around five trillion dollars every day.
Now, in comparison, the New York Stock Exchange is making around 160 to 200 billion dollars. It’s peanuts compared to what’s happening in the Forex market.
So this is why the Forex brokers tell you, “Why wouldn’t you participate in the most popular market in the world,” right? The most liquid market in the world.
And if you’ve ever been caught in a trade that you couldn’t get out of, you understand what a plus it is to have a very liquid market.
3. No commissions
What is another advantage here of trading Forex? Well, you have absolutely no commissions.
These days, as you know, commissions have gone away for trading stocks. They are still there when you’re trading options and when you are trading futures.
So, of course, it is super attractive when Forex trading says that there is no commissions, why wouldn’t you do this?
When most people start trading, they’re trading for growth typically due to their account size (or lack thereof). Because of this, doing anything you can to preserve capital (i.e. no commission) can be very appealing.
4. Free tools
Brokers are telling you, “We give you free charts and tools.” You get calculators, you get charting software, you get everything for free.
Now, again, in 2020, right now, this is pretty much the standard. Most brokerages for stocks and options are also giving you free charts, watchlists, scanners, etc.
But if you think a couple of years back, this is when brokers were still charging for everything from the data feed to additional features.
Anyhow, with Forex trading, it was always free and it will always be free. Sounds good thus far, right?
5. You can start with as little as $10
So let’s talk about the fifth advantage here. You can actually start with as little as $10.
Can you believe it?
Most brokers ask you to fund your account with at least $500 or $1,000, and if you want to trade stocks and options, it makes sense to start with around $2,000 to $5,000, right?
Here you can start with only $10.
I Googled “Best Forex Brokers 2020” and I found the minimum deposits for these brokers are $100, $10, $0, $200, $100 — super easy to fund, and you’re getting a leverage of 500 to 1.
What does this mean?
It means that if you put $100 in there, you’re getting $50,000 buying power. I mean, amazing, right?
What Are The Cons of Trading Forex?
So it seems that just looking at this, there are so many pros why would you not trade Forex? Well, let’s talk about the cons here.
1. Foreign exchange
First, let’s clarify what “Forex” actually means: Foreign Exchange
So you would think, like the New York Stock Exchange or the CBOE, the Chicago Board of Options, that there is an exchange, right?
Here is the deal, and this is the kicker. Most people don’t know this, but there is no foreign ‘exchange’.
So how are you trading them? Well, this is the deal…
2. You’re trading against the house
You are not trading against other traders. You are trading against the broker.
Yep, that’s it. You are trading against the broker, and the broker is trading against you because there is no foreign exchange.
Now, this is why here in the United States, Forex trading has almost been banned.
3. They are not trusted by the CFTC
There’s this commission we have here in the U.S. called the CFTC, short for the Commodities Futures Trading Commissions.
It’s a government institution, and they actually warn and protect us against Foreign Exchange Currency Fraud.
On the CFTC’s own website, they have an article titled “Beware of Foreign Currency Trading Frauds,” and here is a highlight from the article:
“Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted–stolen–for the personal benefit of the con artists.”
So let’s go back here. It’s the most liquid market in the world. However, again, there is no foreign exchange, right?
There are no commissions, no fees, but these Forex brokers, they actually sponsor race cars according to a press release from McLaren.com.
They’re also sponsoring RoboMarkets, which is another Forex broker.
You might say, “So what? They’re sponsoring a few cars, who are watching Formula One anyhow?”
Well, keep this in mind, sponsors are sponsoring Formula One with 30 billion dollars.
You may also be thinking, “Well, big deal. I mean, here in the US we have football, right?” I mean, we have 32 teams in the league.
However, the NFL sponsorship is only 1.5 billion. This must be why Forex brokers are not sponsoring the NFL. I mean, who watches NFL right?
Kidding, but you get the idea. So they are sponsoring race cars, which is 30 billion, 20 times as much as the NFL.
How They Make Money?
So you might be wondering if there are no commissions if there are free charts and tools if everything is free how do they make money?
How how can they sponsor a billion-dollar industry?
1. They steal money from you
Well, we just talked about it. What did the CFTC say?
They steal money from you. You are trading against the broker and it’s like playing against the house.
In Vegas, when you’re playing against the house, who wins? The house always wins.
2. It’s addicting
It’s also open 24 hours a day, just like Las Vegas. I mean, why would they close Las Vegas?
Same with the Forex market, it’s because it is a billion-dollar money-making machine.
You have to be very careful, especially when it is open 24 hours, it can lead to addiction.
Same as Vegas here, because, hey, let’s just pull on the slot machine one more time.
It’s the most liquid market in the world, but it doesn’t matter because you’re not trading against other traders.
Even if there are millions and billions of traders in there, you’re trading against the house.
3. They trick you with free incentives and low buy-in
There are no commissions, of course, but why would they charge you commissions when they steal your money?
I mean, we have just seen it according to the CFTC. These are not my words, it’s their words, and they are an official government’s institution.
They offer free charts and tools but the same idea here. Why charge you for these when they just steal your money.
You see in Forex, you can start with as little as $10-$100, as I mentioned earlier. However, with stocks and options, as I said, I recommend that you have $2,000 to $5,000 here.
So this is where we compare it again to Las Vegas. In Las Vegas there are 164,000 slot machines, right? You know, the slot machines where you only pay $0.25 to get started here?
On the other hand, you have 600 poker tables. Why? At the poker table, your minimum buy-in is anywhere between $30 and $100.
So you get the idea, right? I mean, this is why Forex is like a slot machine.
And this is why they keep the entry-level low because they even let you fund an account with your credit card.
Summary
I promised you, first of all, that this will be eye-opening.
Should you be trading Forex?
Well, keep in mind, you are trading against the house.
There are a few brokers that let you trade against other traders, but most brokers out there are taking the other side of your trade.
They are providing you the quote. This is why they give you free quotes and free tools. Remember, there is no foreign exchange. Keep this in mind.
So the key questions here are…
Can You Make Money Trading Forex?
Maybe. There are some traders who are really, really, really good, but the odds are against you.
There’s people who come back from Las Vegas and they make money every single time they go to Vegas, but think about the majority.
What happens to the majority of people when they go to Vegas? They lose money, right? So what should you do?
Should You Trade Forex?
Well, here’s my advice. If you want to trade, I would say trade stocks and options, and here’s why:
You are trading against the house.
I cannot say this often enough, but I hope that I can do this until it sinks in, until you realize that when trading Forex, you’re trading against the house.
Let me know in the comments if you have some experience with Forex brokers, or if you have opened an account and what happened. Did you make money or did you lose money?
I hope that this is helpful and tells you a little bit behind the scenes of what is happening in the Forex market.
It is the biggest market in the world, a five trillion market, compared to the U.S. stock market worth 200 billion.
How much money do trading signals & education businesses make?Hahaha booooy! Back in my October 1rst idea "A quick look at funded trader prop firms" I wrote about prop firms, and through an extremely rare gift I have called just looking at the evidence rationally without any hype or emotions, I figured out "what's the difference with leverage other than giving away some of your profits?".
Little did I know at the time, the prop firm for "professional day traders" that I used as 1 of the examples, Earn2Trade, is run by a man that recently was charged with fraud. Earn2Trade is one of the "best" funded trader program, and gets the best reviews, which is why I choose it as an example. Other ones are even worse... Ryan Masten (the owner) has finally figured out how to get money from idiots with little risk and legally (barely and he might get charged on this too) so his fraud indictments are not related to earn2trade.
The CFTC charged Ryan (he owned 30% I think) & canadian brothers living in Israel for scamming idiots (probably get rich quick day traders) by getting them into options, the amount the CFTC is suing them for is $165 million in damage to US citizens from at least May 1, 2013 through April 29, 2018. 165 million in 5 years that's 33 million in the USA alone. They're making more than Jamie Dimon. Apparently they didn't even execute any trades and rigged their platform.
My boy Ryan & his wife also created an "auto trade" and "auto signal" they gave to get rich quick dum dums in 2012. Of course there is some "signal" and "auto" involved.
Get rich quick is not enough anymore. It's get rich quick without any effort and without any risk now.
www.cftc.gov
I already presented the Online Trading Academy scam in the idea front chart, something funny about it is 1 owner immediately admitted "Yep, it's a fraud. 100% scam. You got me." and the other guy defended his business and said he was very proud of it 😂 And he vows to fight to keep it running. Haha I can't breathe🤣
You'll want to hear about this: the trading academy lawyer is Alan Dershowitz, and he vehemently defended the business and also said the FTC was the one that misled consumers. This guy also has been launching lawsuits at the students that got scammed for "defamation".
What's really interesting and funny about Mr Der Oshwitz is not his name, but that guy was a good friend of Epstein and defended him, oh and he also ALLEGEDLY (please no lawsuit) was recently chased off a nude beach for flirting with teenage girls. Also ALLEGEDLY he sued an "old Russian lady" according to him for telling people he got a massage from her, the "old russian lady" was 15 years old, hey honestly that's probably a bit old for this wonderful guy.
It always seem the scammers attract other creepy scammers. Every single time.
The Online Trading Academy targetted suckers at or close to retirement. If we looked at the stats I would expect 50% of suckers in those schemes to be 15 to 30 years old and 40% to be over 60. Ah yes and of course the academy can make money in any market condition, price goes up down or sideways. I never made money in a sideways money I need some non randomness, some supply/demand imbalance. You know who else could not make money in a sideways market? Jesse Livermore. Plenty of famous investors known for making money going with the trend and also going against it (the big countertrend wins is what gets the most fame), but never heard of any great sideways trader. Only people selling courses know how to profit with their awesome indicators and auto signals and technical analysis. Funny how George Soros, Ray Dalio, Warren Buffett, and so on, never got sued for fraud and all of these great sideways traders spend half their lives in courts.
www.ftc.gov
There are plenty of courses business out there we really only hear about how much they make after they get charged with fraud.
Some courses with 3000 bucks video course and 7k+ 1 on 1 mentorship. Day trading is common.
You got all age groups:
> the gullible 18-30 fresh out of school that got brainwashed thinking school is useful and has not a fully developped pre-frontal cortex yet. They are the most common victims.
> The midlife crisis balding sad man
> The retiree they are the second most common suckers, the older the easier a target, and they worked for decades so they often have big lifesavings to lose
There is no age to be a scammer. Pimple covered 17 years old teaching others how to build a business (they got into business building at 3 years old? the skill floor to trading is higher than to play football or an fps or chess you know...), the charming clean professional looking adult 25 to 45, and the grey "I know my stuff I've been doing this 30 years" career criminal.
All the scamming stories are not that big, and I guess the regulators try to focus on the big ones they get alot of reports from.
Some signal robot or fake expert on some site or discord scamming a few dozen people for a couple hundred thousands is not even worth the effort.
There is no shortage in the supply of fertile cretins that think they are smart, ripe to be harvested, as the Bitcoin ponzi scheme has proven lately.
As with everything there are a few big scammers and lots and lots of small one making a fat living off day traders & Bitcoin investors and other fools.
I do not think it is time to drop everything and turn to a career of selling courses. They are not all making hundreds of millions...
But still... Maybe earn more than the highest paid bank CEOs. It is possible to find frauds, analyse the business logically, sort of how I did for "day trading prop firms", it's amazing how many people are in denial when "pessimists" make clean mathematical 100% proof like the guy that exposed Madoff scheme long before it collapsed.
I should get into stocks short selling, find scams and start screaming ponzi and that's it is going to zero.
Ah a last word, the biggest charming personality snake oil saleman in the USA that adds nothing to society made a whooping 2.2 billion in compensation last year! Up 54575310%.
And this is not taking into account gains he made from his owned shares of Tesla.
Haha I can already hear the Tesla bagholders raging "How dare you criticize my beloved manipulative sociopath guru? He is saving the world!".
I love when he starts to pretend to care about someone life it's so obvious he is trying to charm people and it's all calculated, how don't people see it? 😂
Glad I didn't get this, Looks Fishy!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, JFIN has one of the biggest jumps and declines I ever seen analyzing stocks. I seen pump/dumps and exit scams before not rise and crash as much as this stock. Now, I am not trying to say they are a scam or point fingers, but something looks very fishy. All of the sudden they have a dramatic volume increase and everybody starts panicking right after? Seems like if what I think could be happening actually happened, a potential delisting is on their way. Shorten this if you don't like gambling, because either way this is blatantly high risk of an investment for an obvious charting pattern reason.
Thousands of idiots are sending Bitcoin to scammersAh, crypto. "A study has shown millenials were the most gullible generation and by far fall most for phishing scams". You don't say! They get scammed on the internet several times more than 75 yo grandmas.
There is a livestream running on youtube, has been for a while, of a recorded interview of Jack Dorsey, and they are actually telling people there is a giveaway "send 0.1 to 20 BTC and receive 0.2 to 40 BTC (double of what you send) and actually expecting people to fall for this and COUNTLESS BTC HODLING MORONS ARE ACTUALLY FALLING FOR THIS! How can anyone fall for this? How can anyone be that stupid?
I reported the video but it's not a video promoting Trump so youtube doesn't care, they need to allocate 100% effort on removing dangerous anti woke videos.
The price halving is in 2 weeks, oh it's going to be fun.
The scammers are very stupid they have a picture of the address but no text, so no way to copy paste, this will stop a whole lot of people from doing it...
There is a Qr code thought, but most people would have wanted to copy paste the address I think.
Was easy to put in the description... Maybe then youtube algo detects it more easilly and can block the stream?
*Not going to copy the address here*
They only received 0.31 BTC? I'm seing lots of people in chat saying they sent BTC... Maybe they're too stupid to understand "minimum 0.1"?
Maybe the scammers change the address regularly, maybe 95% of viewers are bots xd
But what about the people saying they sent BTC and haven't received anything?
Hey you know how it is, every time scams flourish, the top is not very far ;)
Plenty of scams going on
==> 'Announced late Friday, the unidentified owner of the site tried to sell the domain to an undercover agent with the Department of Homeland Security's Criminal Investigations unit, who said they wanted to use the site to sell fake COVID-19 testing kits, a plan the owner reportedly said was "genius."'
==> “Fraudsters are leveraging increased fear and uncertainty during the covid-19 pandemic to steal your money and launder it through the complex cryptocurrency ecosystem,” the U.S. Federal Bureau of Investigation (FBI) recently warned.
==> New York State Police Warn of Email Extortion Scam
==> Bitcoin Daily: Alleged Chinese Crypto Mining Scam Nets $11M
==> As you know the "totally legit" crypto exchange FCoin I mentionned a year ago (and got laughed at and "wise" people explained to me why it was not a scam) shut down and thousands of BTC went "poof"
==> New Zealand Police Spotlight Bitcoin Ransom Scam
And so on...
There is also:
==> Bitcoin (BTC) Miners Antminer S17/T17 Suffer Critical Failure Rate: Blockstream’s CSO (HAHAHA!)
==> In the US, a federal judge has issued warrants for the arrest of David Schmidt and Robert Dunlap. Schmidt is a former Republican state senator in Washington. He and Dunlop are alleged to have sold Meta 1 tokens that they claimed were backed by $1 billion in fine art or $2 billion of gold. The SEC froze the cryptocurrency’s assets and charged the firm’s operators with fraud on the grounds that there were no tokens. The defendants, together with Nicole Bowdler, who claims to be “an Earth Angel” in touch with the angel Metatron, were charged with fraud. (lol)
==> Bitcoin Scam: 14 Chinese Men Arrested in Malaysia for Allegedly Luring Investors into Fraudulent Cryptocurrency Investment Scheme
Even they sorta admit it:
cointelegraph.com
The principle with this Ponzi is simple
Alcatel-Lucent
"Every one will always need sugar" "One day sugar will be every where and every one will eat tons of it" "One day optic fiber will be installed in the whole world" "One day every one will own mobile phones"
Yes, food commodities are insanely volatile.
They have a sugar chart going back before 1800 here:
www.winton.com
It's going to be years before seing BTC 3 digits :(
An important lesson...David Schwartz has a quora profile, I am not 100% sure it is him but I think it is. This is where he made this quote.
He has been with ripple for 7 years I think? He has a long experience with markets and understands how euphoria exists.
Hard to believe he did not expect to profit from FOMO and sell his bags once ripple got big.
The entire founder team, they're posting pictures of them partying, at expensive places, et cetera.
Just like Charlie Lee and Vitalik, they tell people "there are risks watch out" to protect themselves but very well know people won't listen.
And then just like Charlie Lee and Justin Sun they shill the ponzi and then dumb.
This guy, David Schwartz, he is not even dishonest. That's the craziest thing.
They openly and kindly share advice, in his case he is very active on twitter and quora and answers questions regarding crypto ripple (ofc) fx stocks, trading.
They are just so bold about it, I love it! XD Had to share.
People buying ripple bags are REALLY asking for it.
Even the founders are telling you to calm down...
It's really great to short xrp because you have the founders and the team on your side ;)
I know baggies really love their bags, but "averaging down" rarely works, it's what absolute cretins do.
You might luck out once in a thousand, but do you really want to risk everything and more?
Now I am not telling bagholders that are very attached to their worthless bag of feces to sell.
Hold on if you want. But if ripple goes way up as you dream of, you'll make alot of money right?
What would buying more change?
Just means much bigger risks because you can't handle being in the red and want to "scale down" and coumpond on your loss.
So don't sell, hold your bags. But I have to recommend simply not buying more than you can afford to lose.
Do not go all in ripple or crypto (being 150% in crypto but not more than 5% in any single crypto is NOT smart diversification...you're fully exposed), do not borrow.
Ripple bagholder will really have no one to blame but themselves.
And in some cases, certain people that are super cocky and call themselves "legends" and "master of charts" and put 25% of their money in this, it will be very hard not to laugh!
Governments & regulators are finally hitting illegal gamblingAs usual, takes governments a decade to react to anything new. But once they get started they are relentless, zero is the bottom.
They had a nice run, criminals made alot of money. But this disgusting filth is getting destroyed now.
Microtransactions have been around for 20 years, at least the idea, but they have really been abused in the past 10 years and on a massive scale in the past 5 years, and now since very recently every gaming company in the world wants to milk the cow. Heard about the Diablo catastrophy?
On the same subject, crypto has been around for 20 years (DigiCash B-money BitGold HashCash), but they have really been abused in the past 10 years (BTC 2009+) and on a massive scale in the past 5 years, and now since very recently every tech company and their mother wants to milk the cow. Heard about IBM Blockchain technology (empowers businesses to digitize your transaction workflow through a highly secured, shared and distributed ledger - lol nice one IBM).
Exact same to us traders, and the % moves are even similar with gaming companies crashing down and making 20% bounces in 3 days, crypto doing more or less the same. So might as well put them together.
Quick examples from 2018
"Video game loot boxes are "in violation of gambling legislation", according to the Belgium Gaming Commission"
"Hawaiian state representative Chris Lee recently held a press conference where he characterized loot boxes as “predatory gaming,” and is working on legislation to ban minors from buying them. He later added in a Reddit post that “these kinds of loot boxes and microtransactions are explicitly designed to prey upon and exploit human psychology in the same way casino games are so designed.”"
"US SEC Levies ‘First’ Civil Penalties Against Two ICOs for ‘Unregistered’ Securities"
"SEC Slaps ‘Fraudulent’ ICO Founder With $30K Fine, Lifetime Ban"
I do not care about how good the business model is, if your scam gets banned, the company revenues for that area is going straight to 0.
Not down 50%. Down 100%. Zer0.
It took a while, but it is really good that this is happening now. Crypto and microtransactions, same story, they just prey on idiots and addicted gamblers.
Or little children. They are literally stealing candy from infants mouths. Or not infants but 5 years old. I will smile if they lose their pants.
This will present good opportunities for smart money to go long on dumps and play the bounce, and NEVER EVER hold this crap.
If gaming companies get undervalued, we could invest in them, but why invest in the devil, it's not all about making money.
So ye, ride's over. Officials have finally made their move. Party's over boys, and it's all going down.
LMAO activision blizzard. They are so bad at public communication. Anf they rly choose the wrong moment to jion the train.
"Wow they're all making so much money" these super greedy idiots got all excited.
Man I HOPE I really HOPE I pray China bans these disgusting predatory practices :D They just get insta destroyed then.
ROAD TO ZERO!
Survivor bias & arrogant new traders with begginer's luck.Sorry if I am polluting anyone idea stream, but there is so much going on now compared to boring July (mid June to mid August more exactly).
As we are about to make a new high, while shorters increase their position "scaling in" on their way to liquidation, I am remembered as I am watching a youtube video, of lucky new traders that can't take baby steps.
There is an author here on trading view that got lucky as he started, then he got really popular, and he started to think he was this wonder boy "legend" than knows everything. His followers were treating him as a god or something, and I told them to chill out and of course I got insulted and called a hater that has alot to learn from him - yeah right XD - so what happened next? Well unsurprisingly he stopped being lucky and started being very very wrong. His account got decimated, and now he makes 1 generic not risky random post a month that shows 2 possible direction - up or down - with no details.
People are making fun of him as he know looks like a complete idiot.
Call me a hater if you want, but this is a perfect example, and a really funny one since it is so ridiculous. Pure Dunning Kruger, pure survivor bias. Pure begginer luck.
Know about russian roulette?
Check this story (not a true story):
A billionaire tells people he will give them 10 million dollars if they survive russian roulette.
I would tell people that this is very stupid, but they would argue that the chance of losing is low, and the risk worth it and some "experts" are telling them how they got rich with this wonderful system and have been doing it for years.
And some people would succeed.
Because see, mathematically out of 1000 idiots that play russian roulette once a year, after 50 years a couple of lucky ones would still be alive and telling every one how easy it is and bla bla bla.
But obviously, even if your chances of winning after 1 try are high (5/6), if you repeat it many times, the odds of losing once will get very high.
Does this mean playing russian roulette is not a stupid idea?
Survivor bias is so very present in crypto, but no wonder, the average IQ of someone that falls for a ponzi is not very high.
90% or more of people that invested in 2013 got margin called, or their coins hacked, etc.
But there is this 1 19 year old that got lucky and is now teaching people how to invest (lol), so let's all invest into crypto!
Man, crypto is awesome, it revives natural selection at its finest.
So be patient, and make sure you know what you are doing. Don't be arrogant and think you are a god because you took 10 trades and they went well, that is really retarded XD
I had the idea from this video: www.youtube.com
Bonus: think of people that sell signals. I am not saying they are all scammers but think about this:
A random scammer, let's call him Dimitry.
Dimitry has a paid group, that he divides in 2 groups.
He tells 1 group to go long on gold, and the second group to go short on it.
The second group wins. he makes several groups again, to make it simple let's ignore the losers that shrink in number as people that lose get disapointed, and divides the winners in two groups, picks eurusd and makes a random call.
He divides over and over, and some people are going to have 10 wins in a row, and some 9W/1L and some 8/2.
The losers are few since they just quit, those that stay can be told "oh its just bad luck this happens in trading", look how many won! Good stats!
"Those that remain on average have 80% winrate" Of course he does not tell anyone he made random calls and people are much more likely to quit when they lose than when they keep making money "Just stick to the program those that do make money!" "My star pupil turned $5000 into $25000 in 2 months"
See how easy they can scam people?
EVEN if a signals person does not use this strategy, there are people that will join when he happens to have a luck streak and think he is awesome and they will be the winners. Same logic.
Oh that's it Bitcoin made a new high while I was typing this XD
Or maybe I waited for it to make a new high to post this so it seems I knew from the start? Well no, trading view does not remove ideas and I have been telling everyone it would go up for like a month rofl.
*******WHOEVER SAID THAT YOU CAN'T PREDICT THE MARKETS???******Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims are nothing but dust. old news. Good news is that you can in fact predict the market with precision and three steps ahead of all the other market participants before it even happens! That is right! It is very true what you just read! In fact it is very scientific, theoretical, and mathematical! Its a very simple system that has been used by very few successful novice traders that have been keeping it a secret, and only they have known about it for some time, but now i am going to spill the beans and share their secret and mine for the very first time!
This system that i am going to share with you now has come a very long way, and quite frankly, this system has come such a long way that its creators are quite shockingly not what many traders hoped to expect. The creators of this golden opportunity system came from very humble beginnings, so humble that their social way of life playing online video games sparked the idea for the creation of what they now call D.I.P. Using all of their knowledge of online video gaming, their knowledge of astro physics, and their knowledge of meta physics they were able to put together D.I.P. and later put it to the test by trading Bitcoin. Whilst trading Bitcoin using D.I.P., they were able to predict the future pivot points three steps ahead of the market and create a LARGE CASH FLOW. Later, these humble heroes applied their method to stocks, futures, and currencies and got the very same results without failure!
Today, i share with you an example of their D.I.P. method . . .