Foreign Exchange: Tips and Advices

[ArtM]

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Mga Brod.
Need help lang..
Lately, auntie sa akong wife...I believe nailad siya sa Broker for Forex Trading. But I tried to visit the office sa aning company, naexplainan ko sa ways of trading and how to maintain account. Pero dili ko motoo.
Quote:
Ask ko niya why ang account nila na hanaw na...means tanang kuarta zero?
Ingon siya: wala daw mo infused to maintain the position. Nahurot daw sa interest.So ana ko unsang klaseng investment na nga mahurot man irregardless sa value not unless below 0 ang value.
Ask ko niya pila ang value nag buy sila ug 2 lots for their position. Ingon siya, 1.63 USD/Euro. Then kadto daw nga time pila days or months after hing ubos ang value 1.58 something.
So, karon ask ko niya. What if kung ako iliquidate nko at lower price let us say 1.58. Of course, naa pa ko ma liquidate.Karon mga istoryans, naa ba maliquidate ana bisan lugi at least naa something mabalik kay mao man gyud gusto sa mga tigulang. Perting looya tawon kay mga senior citizen, and i believe giilad lang.
For your information, mao ni ilang company name "MEGATREND CONSULTANCY". Wether nagtarung sila or wala, I am not satisfied sa explaination.
I understand sa Stocks sa PSE but sa trading wala ko. So help me istoryans.
By the way, I made a record in my celphone and some evidence na nagather nako.
Please enlighten me istoryans to proceed with our retaliation....

[ArtM]

Ang kapait.....

Naa pa gyud ni sila karon sa AYALA FGU building and still operating. Hangtod karon....
ANd I hear na utrohon na pod ang name, I don't know the reason.
Basin to camouflage their scams...

[ArtM]

Naa pa good example niya.

Value of USD/Euro : 1.63

Then karon next trading days: 1.54

That means: negative na daw ang value ani.: 0.09 or 900 points then to multiply with 6.25 something...
Then it will come out daw ug 5thousand plus..So, mao kuno na ang value sa money..

Ang implication daw ana> Loss all your money. Kay negative naman then kulang pa daw ang money to maintain.
FOR ME Big question mark? Why in the hell for just a small fluctuations na all your money has drained out.

Fellow istoryans: Please enlighten me....wala gyud ko idea.
I try to research but still kulang gihapon ang akong pag analyze..On how true or how he manipulate me.

Thank you istoryans and looking forward in your reply.

[vipmike]

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[mckoy_slipstream]

open an amount that you're comfortable of losing, yet treat such amount as your only money. demo trade muna bossing, before jumping to live trades. before you get in sa technical aspect like charts, at kung anu pa, study muna terms like margin, leverage, limit order, buy stop, sell stop.

if you want to trade live, research the broker first. especially on aspect of funding/withdrawal.

tip sa demo: set your demo account to an amount na your really willing to use on live trading. para kita mo yung real profit, loss.

[ISDA_SA_BATO]

Naa pa good example niya.

Value of USD/Euro : 1.63

Then karon next trading days: 1.54

That means: negative na daw ang value ani.: 0.09 or 900 points then to multiply with 6.25 something...
Then it will come out daw ug 5thousand plus..So, mao kuno na ang value sa money..

Ang implication daw ana> Loss all your money. Kay negative naman then kulang pa daw ang money to maintain.
FOR ME Big question mark? Why in the hell for just a small fluctuations na all your money has drained out.

Fellow istoryans: Please enlighten me....wala gyud ko idea.
I try to research but still kulang gihapon ang akong pag analyze..On how true or how he manipulate me.

Thank you istoryans and looking forward in your reply.

Forex is not just an investment, It's like a gamble, you bet where your favor is, whether you are in BUY or SELL, when the price is going down, you loss all you money when you favor in SELL position, and when the price is going up, you loss all your money when you are in BUY position..

[ey3s0nly]

Naa pa good example niya.

Value of USD/Euro : 1.63

Then karon next trading days: 1.54

That means: negative na daw ang value ani.: 0.09 or 900 points then to multiply with 6.25 something...
Then it will come out daw ug 5thousand plus..So, mao kuno na ang value sa money..

Ang implication daw ana> Loss all your money. Kay negative naman then kulang pa daw ang money to maintain.
FOR ME Big question mark? Why in the hell for just a small fluctuations na all your money has drained out.

Fellow istoryans: Please enlighten me....wala gyud ko idea.
I try to research but still kulang gihapon ang akong pag analyze..On how true or how he manipulate me.

Thank you istoryans and looking forward in your reply.

perhaps naay terms sa ilang fine print nga naay maintaining balance imong account.
sa imong example sir, deposit ka say 10k, then after a day or so of trading, na lugi ka, nahimo na lang 4k imong account.
then naa diay cla maintaining balance nga 5k. then naka state sa fine print sa agreement nga 5k ang maintaining balance, or else i-default nila imong account after a certain time.

THEORY ra nako ni sir ha.. mao ni ako gi speculate nga reason ngano na 0 ang account sa imo aunt.

perhaps, check the fine print in the future if favorable ra ba ninyo.

TNX

[Diz417]

Art, how much leverage is megatrends using? In forex a very high leverage can magnify your profits in very small currency movements. However, it cuts both ways. You can also wipe out your account if the bet is wrong.

[rescyth]

Straight to the point... G ilad ra mu sa megatrend. Do due diligence when it comes to money.

[golbrb16]

I think this is the case of fraud and manipulation. The employees or traders may not know it directly but the company and the upper level executives know about this. Their traders are usually young and fresh graduates. Easily deceived, paid enough and taught how to trade the market but not the profitable way of trading. They CHURNED your account and they could even manipulate you the USD/EUR is now trading at this level where in fact it could be of different value in the real market.

just avoid this and be trained instead to trade professionally using your money.