90/95% of profitable trading signals - Forex Peace Army

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

The Last Time I Write Another One of These Cringey Things (I hope...): Part 2892, The Worst Sequel and Wall of Text, ever

Hiya, folks...! It's another wall of text from some random person who could be doing just about anything else except for this... Who's ready for some paragraphs from some stranger?
I know you'd rather be doing anything else, or maybe not haha.. But it does mean a lot if you do take the time to try to attempt to accurately type me... I will DEFINITELY NOT overthink it this time, and take your consideration FULLY to heart, and stop overthinking my MBTI type and live happily ever after! (Hahahahhaha...! ... ...)
...
Ok, let's begin!

I am a freshly 23 year old male that likes to do average Redditor bullcrap. Video games, memes, music, making my finger go up and down endlessly while staring at a glass LED screen with pixels on it while feeling like I've accomplished nothing. Just average stuff, I suppose. I'm not really that interesting tbh...
I work at home and I am just "vibing", as the kids say. I have some long term projects planned, but I'm at least trying to rest up from a really shitty 7 years that I've had back to back to back so... Nothing really insightful to write here haha..
Likely several... I had a very traumatic childhood that I constantly gaslight myself about like saying things like "it wasn't that bad, people have it worse" and much worse..
I disassociate from reality every 2.5 seconds, can't focus, have terrible insomnia, EXTREMELY low energy, mood swings, brain fog, random body pains 24/7, seventeen billion repressed emotions which don't help out anything else that I'm dealing with, memory problems, and I need caffeine to do the bare minimum of just about anything on most days, but some of that could be average American problems.
I've suspected I have some form as Aspergers, and probably A TON of mental illnesses, such as OCD, anxiety, depression, and maybe a personality disorder.
My upbringing is a very mixed bag overall. I would not say I had a typically "tragic" childhood (there goes me gaslighting myself LOL) because people have DEFINITELY had it worse than me. But I can't sit here and pretend everything I went through was "normal". To attempt to sum it up, I basically was a "gifted" kid who got good grades throughout school and maintained my image of being this perfect kid, but meanwhile in the shadows, I was just slowly dying inside and suffering from a lot of imposter syndrome (amongst other things), which I'd definitely would say is warranted because I was NOT cut out for anything in school and it showed. I basically faked my way through school, got burnt out EARLY but got mega burnt out by senior year, and basically started college with no plan but somehow still managed to graduate (barely) and just kinda end up where I am now.
As far as a religious upbringing is concerned, I definitely was heavily influenced by religion, in kind of a negative way (?) Religion and I have a VERY weird relationship. On the one hand, I guess I love my religious friends, the lessons I learned from it, and a lot of what it says, but on the other hand I can not ever be a part of one mostly because of some of the dogmatic thinking and extremely toxic aspects to it that people use to justify hate and violence, and that's not really my type of thing. Also, I used to be really kinda "uppity" or arrogant about my religion, and now I DESPISE seeing the same type of "holier than thou" attitude projected. It kinda irks me on the inside.
Looking back, my response to it all was a major polarity shift from one extreme, to the other, and now where I'm at, I can look back at both sides and take the good from both. What do I mean by that? Welllllll... I mentioned earlier how I can't stand the "holier than thou" type, and for a while, that was DEFINITELY me. I was REALLY into it and took it extremely serious. I wouldn't mind being called "lame" or "whack" for having my faith, but looking back, it really made my quality of life kinda worse because I did have those strong beliefs and those off-putting characteristics that ostracized me from my peers and some potentially great experiences. I grew out of this and then became an EXTREME atheist, and for a while, it felt freeing. I felt better, smarter, edgier, and just superior, but looking back, I was just cynical and a total asshole, and arguably worse than the "holier than thou douche persona" that I had growing up. Luckily, my extreme atheism phase kinda fizzled out after some other trauma that happened around the time I became an atheist, and now, I can respect religion and be open to it, the ideas, and the amazing things that come from it while also maintaining my independent thinking but not to the point of being "hur dur be skeptical and point out everything wrong with religion all the time and be an asshole for no reason to religious people", if that makes any sense.
As far as my relationship to the structure in my life.. It's kind of a mixed bag. I had a pretty suffocated childhood, and I wasn't allowed certain things, but I guess it wasn't really all that bad in the end, or at least as it could've been. Most of this was just protection from a single parent who just didn't want anything to me and wanted me to be the best I could be in life, and I can respect this and look back on some parts of my structured childhood with fondness. But I most certainly got sick of it all by the time I was almost finished with highschool and in a lot of my college career. I basically used to be Mr. Structured. I had everything organized, I was neat, clean, got everything done at the right time, all the good stuff. But my brain just got tired of maintaining that forever, because I was already pretty much bad at life, but I was forced to just continue faking everything until something happened. So, by the end of high school, I lost all of those characteristics and became extremely sloppy. But I really do blame that on being physically tired. Being as organized as I was was TAXING because of how I overdid it. And now, thinking back, a lot of my structuredness was just on the surface level, and it was me trying to live up to everyone's standards and be just on top of everything, all the time, at a VERY unhealthy level, and that's probably what burnt me out too. I was addicted to the image of being this extremely put together person who has their shit together, while not having absolutely any shit to get together because I was withering away inside faster than fresh cotton candy from the fair melts in your mouth when your mouth is dry.
So, basically to sum it all up, I was a really clean cut religious smart "gifted" kid who wasn't really that, at all (AND I still don't know who I am now tbh haha) and I got tired of putting on that image all the time and turned to a dirty neckbeard atheist cynic for a short time, and then balanced out to whatever the fuck I am now because I wear 238234 different masks for each and every occasion, but THAT'S a different story haha.. I look back at both equally cringey and horrible chapters of my life with some scorn for myself and the times, but overall a much more understand a balanced perspective, because I had to go through it all to be me, and I'm just glad I can be here now. I'd say I definitely liked moments from those chapters, but overall, I'm much happier where I'm at now, which is not nearly as anally obsessive at the concept of being structured and not nearly as hyper-faithful to my religion or just a total asshole piece of shit atheist.
Right now, I'm sorta half employed. I do trade a bit on the Forex markets from signals groups and make enough to help out my family, and buy myself things here and there. I'm only really doing this because I went through a really shitty 7 years and I just need time to myself to kind of figure out, A LOT (clearly, as you can see by reading this HORRIBLE reddit post LOL) and rest. I just like the amount of freedom I have, and the money. I really like the idea of me having money saved and ready for any emergency, or family member or friend. I just need money to help out, stay safe, and to have time for myself to rest and take care of my health, or just pursue all the hobbies I missed out on, and I'm totally fine doing this the rest of my life. I don't really need or want that much in life, and I've always kind of been like this. I just want things to be peaceful and simple, so that my mind can be at ease and to just have free time for myself and a solution for any random chaotic emergency that happens because my mind always thinks of the worst that can happen by catastrophizing literally everything ever in the world. So my "career" is just a means to an end, like I'm sure a lot of people's careers are, unless you happen to have a passion or something, which is also amazing.
I do like writing, and I do wanna finish my book. I daydream a lot about it, and sometimes that's much more fun than actually writing it, but I do wanna finish it, but I also want it to be absolutely perfect and plothole free, and much more. I also wanna do YouTube and Twitch, but I feel like I have a lot to do as a person before I can freely be on those sites as a full person/"influencer" (I have so many mixed feelings about having a full time career as an influencer and having my life under that much pressure and scrutiny, BUTTTTT that's a different discussion...), so I might pursue those slowly or just freestyle it for fun. Those were my big dreams as a kid, but growing up, I see that writing a good book is damned hard (worth it, but hard) and being a Youtubesocial media star is a different world entirely, and I don't know how I feel about it. Like, I know I'd never be a Shane Dawson (YIKES) or Cryaotic (EWWWWW) but to even just disappoint one person, or have any sort of fuckup, or.. I don't know where I'm going with this... Basically, everything I suffer from now would only be amplified by having a YouTube career, my people pleasing tendencies, my over obsession with being perfect for others/myself, my workaholic tendencies, my being hard on myself, my fear of fucking anything up, and my imposter syndrome, those would all go BRRRRRR if I got any decent success on YouTube, so... *Phew*
That's my weird relationship with my life, and where I wanna go with it. To be honest, I'd be happy where I'm at right now, because at the end of the day, as long as I'm healthy and my family is happy, I'm ok, but a part of me also wants to live out those big dreams like having my book be a thing and animated, and being a good YouTuber, meme maker, Twitch streamer, all the above at the same time but my insecurities are like "BWAHAHAHAHA", so I'm just like: -_- But I'll figure it out! Hopefully..
Hm... Interesting question. Honestly, I'd never feel lonely on weekends by myself. Even when my friends are doing better things or aren't around, I don't really feel lonely I guess. Most of the time I have weekends alone, I feel pretty refreshed I suppose. It's kinda hard to tell haha.. This feels more like a circumstantial question where a myriad of things that are going on during the hypothetical week or just in my life/mind would determine this answer. Sometimes I just need that weekend to recharge and be alone and in my thoughts, or watching Netflix or being an absolute video game degenerate while dancing alone in my room and eating junk food. And sometimes, I like to be out and about with my friends, or just doing stuff. I probably lean more towards refreshed though, overall in a general sense.
BIG YIKES. I feel like a non human that doesn't belong on this planet or universe 99% of the time. I'm VERY slow, awkward movements, jittery, sometimes it looks like I was born yesterday with my grasp on physical reality, but yet, I do interestingly enough find myself loving to sweat and workout. I don't really have the coordination for any type of real sport, but I do like walks and I would run if I lived in an area where I could have a private or peaceful run where I would not be interrupted or seen by anyone because I look HIDEOUS running. I won't say I could never get into running at a professional or serious level, like with a group, but I'd just say it's more unlikely, for now. It sounds really exciting and interesting to be good at something physical, and I have always admired people who could do really sick stuff in sports, and I've always wanted to do it. But, right now, my uncoordinated ass will stick to just riding my exercise bike occasionally to burn off some restlessness and help me sleep betteperform better because working out makes my brain feel oddly stable lol. (I guess that's why I have such a fascination with physical stuff even though I am absolutely hopeless in most of it in the grand scheme of things)
I don't know if I'd say I'm curious, I guess I just think a lot. Like, I'll see something or watch something and daydream about it all the time, making new ideas out of it in my head or creating something new with it, trying to take it a new level or understand it at a different level, if that makes sense. Like, I'll sort of mentally digest something and that's what gives me inspiration, or ideas. I take in everything as I go and make up new shit with it later on (LOL this sounds like regular human being talk, because everyone does this).
I would say I have a lot of ideas on everything. I daydream about random chapters in my book a lot, like full on scenes. I'll daydream about a new melody for a song I've never heard with lyrics, and I'll try to make lyrics in my head and extend the melody. I'll daydream about my interactions in life, and just how I could have responded differently, or maybe what the other person is thinking, or feeling, or stuff like I wonder if they're okay. I'll daydream about new memes I can make, or me in an interview (OMG MEGA CRINGE ROFL). I pretty much daydream about... Everything. And then I'll daydream about what I'm daydreaming about, and why I'm doing it, and it gets too meta at that point. (this could very well just be maladaptive daydreaming and NOT indicative of any cognitive function ROFL)
Nope, nuh uh. I am too much of a people pleaser and pushover. I'd be dead or betrayed before my first week is over. The thing about me is that generally, I feel like I'd be a terrible leader because I can overthink a lot, all the time, and I'd be slow to action and prone to analysis paralysis and extreme people pleasing tendencies. I can also be conflict avoidant, and just want people to be happy, so I'd let a lot of stuff slide that I maybe should not. Now, don't get me wrong, I can be firm and tough when needed, but eventually that'd be too much for me to bear, and I couldn't be in a position like that for long. I genuinely hope I never become a leader, because even when I'm looking back to five minutes ago, I can say that "ew, that's cringe bro", so I clearly have a lot of work to do before I have something that serious on my plate.
HAHAHHAHAHHAHAHAHA. Funny question. But.. Yeahhhhhhh... No. I am NOT coordinated. I can barely walk in my kitchen without the fear of me accidentally turning wrong or moving incorrectly and just breaking something or knocking over everything in the kitchen. SOMETIMES I'm in James Bond mode, and it feels like I can do anything physical, and I feel aware of everything, my body, my surroundings, and I can actually move like a human being, but that usually doesn't last long. I can do just the bare minimum that an average human can do, but MUCH MUCH worse and at a greater cost of my energy, and my mental energy trying not to fuck anything up because I have literally just been sitting at times and barely move and knock over EVERYTHING somehow, because that's just how much my body was not meant to be on planet earth and I maybe should have been incarnated as a slug, idk.
I'd describe myself as artistic, even if I haven't drawn in years LOL. But let me explain... I do still have a love for it, I just haven't really been able to practice. In general, my art is just aiming for whatever is in my brain, and I don't have a solid style. I'm just going for whatever I'm going for in the moment. I prefer a mix of realism with some "quirks", if that makes sense. While I haven't drawn in a while, this is how I'd imagine I'd want my art to look nowadays. Pretty realistic with perfect everything, perfect features, perfect environment or whatever I'm illustrating or going for (perfect features on a person, all the hair strands drawn individually, etc), with a mix of my own little "spice", if that makes sense. Back in the day, my art was just trying to copy classic anime, and while I have no problem with that style, I just wanna kinda make my own style, even if that is hard to verbalize lmao.
Alright guys.. I would write more, but I'm sleepy and some of this is getting dumb/boring (as if it wasn't already LOL). I'm glad you made it this far, and thank you for reading and putting up with this actual garbage fire of a post. Please take care of yourselves during these crazy weird times, and I hope you are doing well. I look forward to reading you guys responses (if I get any LOL).
Stay amazing, and stay healthy :3
submitted by big_throwaway___ to MbtiTypeMe [link] [comments]

How to get started in Forex - A comprehensive guide for newbies

Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey.

A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business.

LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY

I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct.

Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards.

Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism.

And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded.

The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I.

For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will.

LESSON 1 - LEARN THE BASICS

Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics.

You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex

Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff.

If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index

Quiz Time
Answer these questions truthfully to yourself:

-What is the difference between a market order, a stop order, and a limit order?
-How do you draw a support/resistance line? (Demonstrate it to yourself)
-What is the difference between MACD, RSI, and Stochastic indicators?
-What is fundamental analysis and how does it differ from technical analysis and price action trading?
-True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning.

If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again.

If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below.

LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX

This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom.

99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU.

Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY.

Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:


These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out.

Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:

If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan.


LESSON 3 - UNDERSTAND YOUR RISK

Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong.

As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly.

Let's do some math here:

You put $2,000 into your trading account.
Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from.
Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown.
Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass.

Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk.

Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle.

200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again.

Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest.


LESSON 4 - THE 500 PIP DRAWDOWN RULE

This is a rule I created for myself and it's a great way to help protect your account from blowing.

Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan.

Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks.

So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50.

It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts.

Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding.

Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management.


LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES

Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well.

In a nutshell:

Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always.

With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences.

You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight.


LESSON 6 - TIMEFRAMES MATTER

Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example.

There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:


If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out.


LESSON 7 - AUTOBOTS...ROLL OUT!

Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it.

Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can.

Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned.

If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong.

If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted.

I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex.

One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody.

LESSON 8 - BRING ON THE HATERS

You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club.

If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality.

We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts.


YOU MADE IT, WELCOME TO FOREX!

If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you.

Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
If there is something else you feel should be included please drop a comment and I'll add it to the above list of pending topics.

Cheers,

Bob



submitted by wafflestation to Forex [link] [comments]

r/Stocks Technicals Tuesday - Dec 25, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Nov 27, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Dec 11, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Dec 04, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Dec 18, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

Learning Bitcoin Trading? Here's some Basic Technical Analysis Tools & Essential Knowledge to help!

Getting Started
Back when I was learning more about Forex trading, I went to Forex school at Babypips (http://www.babypips.com/school), and learnt some of the fundamentals of chart reading and trading, such as reading candles and trading concepts. Unfortunately, I dropped out somewhere through Elementary School, after they lost me with all kinds of different indicators I could not see the use for. On the other hand, I still do think Babypips is a fantastic resource, especially for beginners who are keen to learn how to trade and better understand the Bitcoin market.
More recently, since I made my first few panic buys and sells and lost some Bitcoins trading, I have been picking up again on Technical Analysis and Trading strategies. I’m not an expert at this, and neither should you take my words as investment advice, but I’m here to share some of my thoughts on Bitcoin trading, and I hope it is of great help to you!
If you have any questions, feel free to tweet me at @onemanatatime.
Learn the Basics of Trading
If you’re a beginner trader, first thing you should learn is to read charts. Chart patterns (http://www.investopedia.com/university/charts/charts1.asp) signal to traders that the price of a security is likely to move in one direction or another when the pattern is complete. I’d like to bring your attention three chart patterns that will appear very often. I also took the time to show you how these relate to Bitcoin trading with the charting tools I use on TradingView (https://www.tradingview.comonemanatatime). Enjoy!
Secondly, another analysis tool I think is very useful, is the Fibonacci Extension (http://www.youtube.com/watch?v=dsomgrotZUg). Fibonacci is pretty tough to understand, and more so to chart with Bitcoin due to the lack of available tools which allow for it. But in essence, the Fibonacci sequence is a unique string of numbers which adds the sum of the two numbers before it, and is the deravitive of the Golden Ratio. People like to call them the “magic” numbers, and very aptly so, as they’re present all throughout Nature.
Lastly, I’d like to share a trading pattern called the Elliott Wave Principle (http://en.wikipedia.org/wiki/Elliott_wave_principle). It emphasizes an understanding of Investor Psychology, and explains why prices fluctuate in zig-zag patterns. If you thought Fibonacci was tough to understand, let’s have Babypips put this in perspective. Babypips teaches Fibonacci in Elementary school Grade 3, whereas Elliott Wave is taught in “Summer School”. In that sense, Eliott Wave would be a great concept to learn and understand, as a supplement to your foundational understanding. Click on the links above to read and learn more about both theories!
Bitcoin Trading
By now, you’d probably be saying: “Sure, these resources all give me a good basic understanding of trading markets, but how does that apply to Bitcoin?” Since learning the fundamentals, I’ve been looking around for good resources to learn Bitcoin Trading from but with not much luck. Here I’ll be sharing some handy videos to guide you on your Bitcoin trading journey.
I didn’t get around to learning proper Bitcoin trading strategies, until early December when I chanced upon ...
Abstract from my personal blog post on www.CryptoCoinsNews.com and on www.AlunaCrypto.blogspot.com.
http://www.cryptocoinsnews.com/2014/01/08/embarking-bitcoin-trading-journey-learn-basic-technical-analysis/
http://alunacrypto.blogspot.nl/2014/01/embarking-on-my-bitcoin-trading-journey.html
Click the links to read the rest of the post, including past Bitcoin price analysis examples, as well as today's prediction.
EDIT:
I've been asked a few times about which platform I'm using day trade on Bitcoin. So here's for those of you interested:
"I use BitFinex, they offer Margin Trading and Liquidy Swaps ontop of a normal Exchange.
I just started yesterday but its great and I'm so excited about the Margin Trading options available, and been playing around with it all day long! Made 0.11 BTC on my first trade. ;)
Sign up with my referral code now and enjoy 10% off your trading fees for the first 30 days!
With Referral Code: [REMOVED -- ask me for referral code to enjoy offer] Without Referral Code: https://www.bitfinex.com/
Also follow me on twitter @onemanatatime for my latest Bitcoin predictions. Cheers & trade safe."
submitted by bakedric3 to BitcoinMarkets [link] [comments]

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submitted by lookiyu to choooses [link] [comments]

Vibrant Money System Review 2015 - Is Vibrant Money System SCAM? Vibrant Money System By Travis Stephenson

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Everyone wants to make money fast. I'm uncertain exactly what took place, however in this age of high speed internet access and instant online everything, everybody is looking for a way to generate income fast too. And why not? Who would not wish to make money fast anyway? So long as no one gets hurt, there's absolutely nothing incorrect with making a quick dollar. Simply make sure that when you're trying to find a way to earn money quick you do not become the target for someone else trying to make money quick. The virtually universal desire to make money fast has actually produced a huge market to be easily exploited by any individual with a little imaginative savvy. I see numerous make money fast schemes exploding across the web, it kind of scares me a little. I need to wonder at their appeal; is that an indicator of their desperation, or is it a measure of their success? Picturing thousands of people throughout the world providing their charge card numbers and falling victim to these little tricks makes me sort of unfortunate. A few of my favorite generate income quick schemes turn up on the tv at unusual hours of the night. These are absolutely nothing except funny. My preferred is that guy who's selling 'The best Vitamin on the planet'. That individual is the funniest guy I've ever seen, and represents everything you want to stay clear of when trying to earn money fast. An excellent general guideline to bear in mind when browsing through different 'earn money quick' concepts you see online or on TELEVISION; if it sounds too good to be real, it is. You cannot generate income quick without knowing the best ways to do something well, taking some dangers, and yes, doing some work. Any make money quick offer you see that does not require any work, ability, or run the risk of on your part is more than likely a scam, and need to be approached with a high degree of criticism. I'm not going to suggest any ways to make money quick, since if I understood any I 'd be out there doing it today instead of composing this. My idea of a way to make money fast is to go to medical school, so what the heck do I understand about quick money. 11 years of education, training, and a life time of debt isn't truly a great way to generate income quick, however 11 years is just a blink of an eye with respect to the age of deep space.
The New Vibrant Money Systems By Travis Stephenson
The Vibrant Money System The Keys To The best ways to Generate income There are many people who believe they do not know the best ways to earn money. Anyone can earn money once they put their mind and energies towards accomplishing that objective. What concealed skills are lying within you that will allow you to earn money?
Ways in Which You Might Generate income
=> Secret <=
It seems that some people just have a propensity at making money. You might believe that there is a trick that they have that you don't have. The only belongings they have that you don't is the guts to take a danger. Not just that, people who are earning money and lots of it are not terrified of a little hard work and sacrifice in order to achieve their ambitions. The only thing holding you back from discovering the best ways to make money is yourself. Everyone who wishes to learn ways to generate income can easily doing this. There are a myriad of ways in which you can learn how to earn money. There is the trading of commodities and stocks if that is something you seemed to have some sort of success with, and naturally everyone understands ways to earn money by working at a routine task. For many people that suggests working for someone else and waiting for a paycheck at the end of the week. Aren't you prepared to break out of that mold and take your fate into your very own hands? You might think of starting your very own company as a way you can be one who understands how to earn money. You can have a company that will display any special talents or capabilities you may have, you can try your hand at a service that is based upon the web or a wide range of other methods that will offer you the financial freedom you have long been dreaming about.
Should I Pay for Details that Will Teach Me Ways to Make Money?
With all the details that you can discover on the internet, you may not find it necessary to spend even a single cent on finding out how to make money. You might discover all the resources required to start up your own business right from the convenience of your easy chair using just your laptop and your stamina. Those who are predestined to end up being successful are patient and don't let problems or mistakes knock them off track for obtaining their objectives. If you invest a percentage of time researching on the internet, it might pay off in spades when you discover the best opportunity you can earn money with and live a life you so highly be worthy of. Bear in mind, the only thing preventing you from ending up being a success is the desire to take a danger for what you want.
Vibrant Money System Summary
In summary, there are some obvious concepts that have actually been checked over time, in addition to some more recent techniques. that you may not have considered. Hopefully, as long as you follow exactly what we recommend in this post you can either get started with using the Vibrant Money System.
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Global Visionariez and IML My 30 day Experience

To summarize my experience with the "product." It is 99.9% stalling and wasting your time with shit like this https://www.youtube.com/watch?v=za3tUUoj2iQ and hyping their own products. Dudes acting like "whaaaaaaaa" and showing phone screens with profits. Facebook is flooded with these people showing off how their boy "[insert name here]" is selling money and yada yada. Most of the content they post and host is just recruitment hype videos to bring more people in. Seriously... Like all day every day it felt like. Most the videos feature some hipsters and text screenshots of them being like: "OMG I gots some mad pips brah, 100 million pipz lulz #winning [intense sarcasm]."
Do yourself a favor and unfriend anyone who tries to sell you this shit. Because they are not your friend, and they view you as a $35 a month paycheck if you sign up. Most the common stuff you see in groups is people touting the wins, but don't fool yourself... Everyone is keeping their losses quiet because no one wants to make a fool out of themselves. I mean who makes videos of them watching someone else in video chat? Someone who doesn't know what the hell their doing or how to work technology... Which they happen to have some miracle program that will "change" your life. Oh, and the haters, HA you should just ignore them because they all don't like grape koolaide.
TL:DR Oh, look ma some YOLO saying swag fags are saying they can teach me to make mad bread. But it is just a job selling a job selling jobs to other people who in turn will be selling said jobs to others who will do the same.
4/24/16 EDIT This is the kind of shit that constantly keeps popping up in my feeds and spamming my cell phone in texts.
I just got started with Global Visionariez and iMarketsLive, What is next?! First off, Welcome to our family! My name is[removed name of person] Founder of GV, an organization that is changing lives and lifestyles around the globe. It's an honor to have you apart of the revolutionary team where our visions align towards a common cause. We have some of the best leadership hand to hand with the greatest opportunity in the game right now, which makes it a complete power house! The goal is the be able take the average person and have them take the road less travelled towards becoming an entrepreneur and attaining true freedom! The skills you will learn working along side with GV and IML are long lasting skills that you can pass down for generations to come and will help you develop and craft yourself into becoming the best version of yourself. We live by the Triple T's; TRADE. TRAVEL. TRANSFORM. Lifestyle by design. As we believe these are some of the main 3 keys towards freedom and happiness! 📈.✈.🚧.
Let's get started, you just bought your new car, now let's adjust the seats it to how you like it and what you want. The first thing you want to do is be able to get activated on your services and plugged into the sessions.
🔌 STAY PLUGGED IN AROUND THE CAMPFIRE 🔸 Subscribe To GV Updates [removed link]
📡Want to EARN before you LEARN and get connected to the Automatic Mirror Trader? [link removed] (1) FIRST create your broker account (Trading Funds Account) Choose the broker of your choice, we suggest Tradersway or FXCM 🔸 Tradersway ($8/month on FxSignalsLive - Better Leverage) INCLUDING PROMOTION (Less Deposit Fees, 18+, Deposit Bonus) [link removed] 🔸 FXCM (FREE on FxSignalsLive): [link removed] (2) How To Set Up Your Mirror-Trader? [more yolo swag links removed...]
📈📉 Want to start trading yourself? It's CRUCIAL to LEARN before you try to EARN trading yourself! Practice, practice, practice before you go LIVE. RULE #1, Don't EVER EVER EVER try to PREDICT the markets yourself, Don't have a gambling mindset! Be smart, Be strategic. Start with a DEMO account until you feel comfortable enough to trade with REAL money (30-90+ DAYS). If you want to start trading your real money deposit and connect with an MIRROR-TRADER [link removed] and trade with Chris Terry during LONDON / NY Sessions! Keep in mind, TRADING is 80% Mental (Psychology) and 20% Fundamental (Skillset) 📚(1) EDUCATE YOURSELF (STUDY more than you TRADE): 🔸 IML EDUCATION: Log into imarketslive.com -> TRADING -> TRADING LIBRARY 🔸 BEGINNERS KNOWLEDGE A-Z: [link removed] ; ⚠COMPLETE Pre-School before trading live 🔸 GVWSA COURSE: [link removed] ($50 one time) 🐾GV WALLSTREET (GVWSA): Train with Quillan Black through his legendary discounted course for IML members ONLY for $50 one time, completely up to you if you would like access, feel free to ask anyone around GV if it was worth it. If you plan to go to the next level trading and marking up charts you want to plug in ASAP! (2) SET UP MT4 (Trading Platform) + IML HARMONIC SCANNER 🔸 Download "MetaTrader 4" through App Store 🔸 Download MT4 / Scanner (Windows) [link removed] 🔸 Download MT4 /Scanner (MAC) [link removed] ⚠ Make sure you go through the Harmonic Scanner Course in IML Backoffice before you start using it. The Harmonic Scanner is primarily a confirmation tool to combine with your own analysis do NOT take trades off of it based of its entry calls, it is not 100% right neither would any software ever be. Use this in the right way and you will rock your world! (3) TRADE and LEARN with C. Terry 🔸 LONDON SESSION (Tues, Wed, Thurs) ⏰ 2am EST - 3am EST [more links removed] 🔸 NEW YORK SESSION (Mon - Fri) FOREX + FUTURES ⏰ 8am EST - 12pm EST [link removed] FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
🗣 Paid sharing a retail service that is teaching you a financially independent skillset and helping you generate wealth in the worst economy? The FACT that you can potentially earn RESIDUAL income by sharing (marketing) a service that you would share for free anyways! The average MILLIONAIRE has 7 streams of income and never puts all of their eggs in one basket, especially throughout your journey of becoming a trader, the comfort of knowing you have a weekly residual income while you are trading in the markets truly powerful! YOUR FIRST GOAL ASAP........PERFECT STORM BONUS IN YOUR FIRST 14 DAYS. How to SHARE: What is Forex?: [link removed] What is IML (Overview): [link removed] Compensation Plan PDF: [link removed] Compensation Plan Video: [link removed] **TAG THE NEWEST MEMBER TO HAVE THEM START OFF THE RIGHT FOOT👇👇👇
edit 2 Removed links from post, I apologize I didn't notice the rule for this subreddit and fixed it before an admin got onto me. =) Edit/update 3* 5-21-16 Been a while now, still end up getting spam texts and other crap in my inbox on social media and email.
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