#My Forex Funds review

[reportscam01]

My Forex Funds review

My Forex Funds is an unreliable broker which is not regulated by any reputed regulation authority in its region. My Forex Funds has got many negative reviews and traders who traded with this broker have raised many complaints against it. Report Scam does not recommend traders to trade with this broker as your funds may not be safe with this broker. If you want to know more about this broker, read a complete My Forex Funds review. 

[financeprincess]

advice for people just wanting to be educated in the finance field?

I would start dipping your toe in the finance sections of reputable sources (i.e. Financial Times, Wall Street Journal, Harvard business review, MarketWatch, etc.) and start researching terms and companies you don’t know. I treat myself with a Bloomberg Businessweek subscription sent to my home because I love their design team and it’s actually very informative. You can also sign up for the Morning Brew finance newsletter, it’s free and I read it every morning to get a brief overview of what’s going on. Even just being informed of current events is helpful in learning about finance because all major events effect the market and businesses. Look at stock performance charts. Learn about different types of investment accounts and different kinds of investments. There are a lot of really great courses on platforms like Coursera as well, I just took one called Private Equity & Venture Capital from Università Bocconi. Flirt with equity crowdfunding platforms (I accidentally made a lot of money on one of these as an early investor with less than $1k). If you live in the US start looking into personal and business tax deductions. Even credit card rewards can actually get you a lot, I’ve gotten free hotel rooms and free flights from money I would have spent anyway. Investments also mean more than just individual stocks: could be index funds, mutual funds, bonds, CDs, REITs, forex, precious gems & metals, real estate, even some designer goods retain and increase in value if bought strategically and handled correctly. Even just having the fundamentals of a maxed out retirement account (a Roth IRA or a backdoor Roth IRA is my personal preference) full of index funds and mutual funds that are balanced well, a fully funded emergency fund of 3-12 months personal expenses, any debt above 7% interest paid off, and sinking funds for various expenses automatically set up in a high yield savings account will have you very well off. When you have a foundation like that you have the breathing room to change careers, take time off, buy investment properties, invest in volatile but potentially profitable ventures, start businesses, and set up additional streams of income.

[buyforexrobot]

Prop Firm EA for Sale

Prop Firm EA is a forex robot which has  been designed to manage accounts specifically for Prop Firms. Our Prop Firm Trader which is best suited to manage funded accounts can trade on the following platforms; Metatrader 4(MT4), Metatrader 5(MT5), CTrader and Daxtrader.

Our Prop Firm EA can run on all the prop firms that allows EAs such as: FTMO, FundedNext, Audacity Capital, 5%ers, Alpha Capital Group… etc. Our Prop Firm EA can be set on Aggressive or Normal Trading Mode. It depends on the risk appetite of the Trader. Based on the reviews, you will see that Our Prop Firm EA is one of the Best Prop Firm Forex Robot in the entire Prop Firm Industry.

Our Prop Firm Trader will make your dreams of managing millions of Dollars of Prop Firm Capital to come true. Some of the highly rated Prop Firms that allows EAs on trustpilot include; FTMO, My Funded FX, E8 Funding, the5ers and Audacity Capital.

Apart from using this EA to pass prop firm challenge and on funded account, you can also use this EA to manage your personal accounts on any forex broker such as; Pepperstone, FXPro, Hotforex, Exness, IC Markets…etc.

Our Prop Firm Robot EA has different risk or money management systems which are the best when it comes to management of Prop Firm Accounts such as;

Fixed Lot Size

Risk_Percentage of Stop Loss

Risk amount

Kelly Criterion

Contact us now if you have any question concerning this robot

Website: https://www.buyforexeaonline.com/ (secured)

Weblink: https://www.buyforexeaonline.com/product/prop-firm-trader/

WhatsApp:  +1(213) 557-2155

Email: info@buyforexeaonline.com

[angiebenton]

HIRE THE MUST SUCCESSFUL BITCOIN RECOVERY / ADWARE RECOVERY SPECIALIST

I recommend you either avoid cryptocurrency trading entirely or invest very cautiously if you are unfamiliar with it. To boost my earnings, I was forced to put a sizeable portion of my life savings on a forex platform, but I ultimately lost more than 33,000 USD. After investing and making money, I could not withdraw my money. I tried contacting customer care via letter, but it didn't work, so I knew I had been scammed. Fortunately, I found a legitimate retrieval organization named ADWARE RECOVERY SPECIALIST. I came across an identical online review of ADWARE RECOVERY SPECIALIST and their capacity to help me restore my pilfered funds. I was lucky enough to catch their attention when I reached out to them, and they helped me get my money back within 48 hours.  So, you've found yourself in the unfortunate situation of losing access to your precious bitcoins, Fear not, as there are solutions out there to help you recover what's rightfully yours. Bitcoin, the beloved digital currency of the internet, comes with its fair share of security challenges. From forgotten passwords to malware attacks, the threats to your Bitcoin holdings are real. Losing access to your bitcoins can be a nightmare, but with the right help, you can navigate through these challenges and emerge victorious. Losing access to your bitcoins isn't just a small hiccup in your digital life. It can have significant financial ramifications, not to mention the emotional toll it can take. Your bitcoins represent your hard-earned money or investments, and losing them can be devastating. That's why it's crucial to act quickly and seek professional assistance for recovery. When it comes to recovering lost bitcoins, DIY solutions may not always cut it. Professional assistance from experts who understand the intricacies of blockchain technology and security protocols is key. Trying to recover your bitcoins on your own could potentially make matters worse. That's where organizations like ADWARE RECOVERY SPECIALIST come in to save the day. As it stands, ADWARE RECOVERY SPECIALIST is the real deal. Contact the information below:

Telegram info: @ADWARE_RECOVERY_SPECIALIST

WhatsApp info: ‪+1 (571) 541‑2918‬

Email info: Adwarerecoveryspecialist@auctioneer. net

[officewebmaster415]

forrestfx

In the vast landscape of online trading platforms, ForrestFX has emerged as a name that attracts both intrigue and skepticism. As individuals venture into the world of Forex trading, questions about ForrestFX's legitimacy, company background, and customer experiences come to the forefront. This comprehensive guide aims to address these inquiries, covering everything from logging in to navigating complaints and ForrestFX Login: A Gateway to Trading

Before delving into the intricacies of ForrestFX, users must understand the login process. Logging into ForrestFX's platform grants access to a range of trading tools, market insights, and account management features. By visiting the official website and entering valid credentials, users can seamlessly access their accounts and commence Investigating ForrestFX's Legitimacy

Among the primary concerns surrounding is forrestfx legit legitimacy. Prospective traders often question whether ForrestFX is a reputable company or a potential scam. Conducting thorough research, including analyzing user reviews, regulatory compliance, and industry reputation, is crucial in determining the legitimacy of ForrestFX as a trading platform.

Unveiling the ForrestFX Company Profile

Understanding the background and operations of ForrestFX is essential for informed decision-making. Exploring its company profile, including its history, leadership team, and mission statement, provides insight into the organization's ethos and values. Additionally, assessing ForrestFX's regulatory status and adherence to industry standards offers further validation of its credibility.

Addressing ForrestFX Complaint

No trading platform is immune to customer grievances, and ForrestFX is no exception. Addressing user complaints, whether related to trading issues, customer support, or account management, is pivotal in fostering transparency and trust. ForrestFX's approach to handling complaints, including its resolution process and responsiveness to user feedback, reflects its commitment to customer satisfaction.

Navigating ForrestFX Address Change

The transition from forrestfx.com is now forrestfx.co signifies a significant milestone in ForrestFX's evolution. Understanding the reasons behind this change, such as rebranding or domain optimization, can alleviate any confusion among users. Updating bookmarks and ensuring seamless redirection to the new domain are essential steps for continued access to ForrestFX's services.

Strategies for Recover Money from ForrestFX

In unfortunate instances where users encounter issues with fund withdrawals or account discrepancies, swift action is necessary to initiate the fund recovery process. Utilizing available channels, such as contacting ForrestFX's support team, seeking assistance from regulatory authorities, or consulting legal counsel, can aid in recovering funds and resolving disputes effectively.

Transitioning to ForrestFX.co: A Smooth Experience

With the migration from forrestfx.com is now forrestfx.co, users may encounter changes in website navigation or account settings. Familiarizing oneself with the updated platform features and functionalities ensures a seamless transition. Additionally, verifying the authenticity of the new domain and adopting secure login practices are vital for safeguarding account integrity.

Contacting ForrestFX: Email and Contact Number

Effective communication channels are essential for user engagement and support. ForrestFX email forrestfx contact number options for users to reach out with inquiries, feedback, or assistance requests. Utilizing these channels enables direct communication with ForrestFX's support team, fostering transparency and facilitating prompt resolution of queries.

Navigating the intricacies of how to recover my money from forrestfx, assessing its legitimacy, exploring the company background, addressing complaints, adapting to address changes, and utilizing recovery strategies when needed. By equipping oneself with knowledge and proactive approaches, users can navigate their ForrestFX experience with confidence and diligence.

forrestfx

[eagleaifx]

Top 10 Copy Trading Strategy : Step-by-Step Guide

Introduction:

Copy trading is a powerful tool that allows individuals to participate in the forex market by replicating the trades of experienced traders or strategies from trading robot ( EA ) to boost your passive income profit. However, success in copy trading requires more than just blindly following others; you need to understand the basic knowledge of forex trading and copy trade. It demands a well-structured strategy that aligns with your goals and risk tolerance.

In this step-by-step guide, we'll take you through the process of building your own copy trading strategy, helping you make informed decisions and increase your chances of success.

Step 1: Define Your Goals and Risk Tolerance:​

Before diving into copy trading, setting clear objectives and understanding your risk tolerance is essential. Ask yourself: - What are my financial goals? Do I seek long-term growth, regular income, or a balanced approach? - How much risk can I comfortably tolerate? Consider your financial situation and emotional resilience. Example: If you're a conservative investor nearing retirement, your goal might be capital preservation with low risk tolerance. On the other hand, a younger investor may aim for aggressive growth with higher risk tolerance.

Step 2: Choose Your Copy Trading Platform:​

Selecting the right forex broker platform is crucial to your copy trading success. Consider the following factors: - Research and choose a reputable copy trading platform. - Evaluate platform features like trader selection, risk management tools, and fees. Example: You might opt for a platform with a diverse pool of experienced traders, transparent fee structures, and robust risk management features.

Step 3: Research and Select Traders Or Strategies:

Picking the right strategies & traders to copy is the heart of your strategy; always check the trading performance before deciding. Conduct thorough research by: - Examining trader profiles, including their trading history and strategies. - Considering their risk levels and historical performance. Example: You could choose a mix of traders or strategies, including a conservative trader focused on steady gains and a high-risk trader aiming for substantial profits.

Step 4: Set Allocation and Risk Parameters:

To safeguard your capital, define allocation and risk parameters: - Determine the percentage of your capital to allocate to each trader. - Set stop-loss and take-profit levels to manage potential losses and secure profits. Example: You may allocate 30% of your capital to a low-risk trader with a 10% stop-loss, while allocating 20% to a higher-risk trader with a 20% stop-loss.

Step 5: Monitor and Adjust:

Active monitoring of your copy trading portfolio is essential: - Regularly review trader performance and adherence to your strategy. - Be prepared to make adjustments if a trader's strategy or performance deviates from your goals. Example: If a trader consistently underperforms or changes their strategy, consider reallocating funds to align with your objectives.

Step 6: Stay Informed and Educated:​

Successful copy trading requires ongoing learning:- Attend webinars, read educational material, and stay informed about market news and trends. Example: Continuously educating yourself about the forex market helps you make informed decisions and adapt to changing market conditions.

Step 7: Emotion Control and Discipline:​

Emotions can disrupt your strategy. Maintain discipline by: - Avoiding impulsive decisions driven by fear or greed. Example: Stick to your pre-defined risk parameters and avoid panic-selling during market fluctuations.

Step 8: Risk Management:​

Implement risk management techniques: - Set a maximum drawdown limit to protect your capital. - Diversify your copy trading portfolio to spread risk across different assets and trading styles. Example: By limiting your maximum drawdown to 20%, you reduce the risk of significant capital loss.

Step 9: Review and Adjust Your Strategy:​

Periodically review your strategy: - Assess whether your financial goals and risk tolerance have changed. - Make necessary adjustments based on your evolving objectives. Example: If you decide to shift from aggressive growth to income generation, reallocate funds accordingly.

Conclusion:

Building a successful copy trading strategy requires careful planning, ongoing education, and unwavering discipline. By following these steps and tailoring your strategy to your unique circumstances, you can create a roadmap for achieving your financial goals through copy trading. Remember that while copy trading offers opportunities, it also carries risks, and past performance is not indicative of future results. Stay committed to continuous improvement, adapt to changing market conditions, and make informed decisions along your copy trading journey. Happy and responsible copy trading! Read the full article

[dogecoinmillionaire2023]

What is Dogecoin Millionaire?

Dogecoin Millionaire is a trading platform that uses robots to perform automated trades for its users. It is an app that can be used to earn thousands of dollars every day. The live trading feature can be activated by account owners after making a deposit of only $250. The trading robots analyse the cryptocurrency market to find profitable trades and perform transactions using the funds deposited in the account owners’ balance on Dogecoin Millionaire.

We advise all new users to start small, with a minimum deposit of $250, they have a chance to study the system and grow their passive income to as much as $50,000 in a few months. Dogecoin Millionaire users can earn as high as 15% of their deposits after each trading session.

We are happy to find out that auto trading platforms such as Dogecoin Millionaire work seamlessly and can be used by everyone, regardless of their knowledge or expertise as cryptocurrency traders. The robots do all the work; all you need to do is make a deposit and sit back to watch the system generate profits for you.

The trading robots are programmed with highly sophisticated tech; we were impressed with the unique algorithm on the system. The software used by the developers of Dogecoin Millionaire ensures the trading robots can analyse market trends and potentially profitable signals from the market. When an earning opportunity is detected, users who have activated the live trading feature can earn a huge profit; the trading robots use their deposited funds to perform transactions which are most profitable.

The system is backed by professional brokers who monitor the auto trading processes done by the robots to ensure the user will earn a profit at the end of the trading session.

Dogecoin Millionaire is one of the fastest auto trading systems we have tested. However, we should note here that the cryptocurrency market is highly volatile, so it is best to invest funds you can afford to lose. The Algorithm on Dogecoin Millionaire

We had some of the best tools to analyse the algorithm on Dogecoin Millionaire; this was not new, almost every auto trading platform uses this special algorithm for trading.

From our assessment, the algorithm on this platform is similar to what we see on FOREX trading platforms. It is specially enhanced to analyse huge market data in seconds. The outcome of this analysis is processed by the trading robots to perform profitable trades for the account owners.

My experience as a cryptocurrency trader who used manual trading platforms before discovering that robots can perform trades makes me understand the need to select the best trading pairs for currencies accurately. Manual trading processes require extensive studies to know the best trading pairs; however, with Dogecoin Millionaire; the robots select profitable trading pairs easily using the algorithm.

https://twitter.com/dogecoinreviews

[qocsuing]

Hankotrade Review 2023

Hankotrade Review 2023

You’re trying to find the perfect financial broker to help you make intelligent investment decisions and bring you one step closer to your financial goals.To get more news about hankotrade, you can visit wikifx.com official website.

In this Hankotrade review, I’ll take you on a journey through this financial broker’s features, benefits, and drawbacks so you can make an informed decision.

With my honest and impartial assessment, you’ll have all the information you need to determine if Hankotrade is the right choice for you.

What is Hankotrade? Hankotrade is an online broker that specializes in “contracts for differences.”

The company provides global access to financial markets, including forex, commodities, crypto, and stocks. Hankotrade is like Bookmap if you are familiar with the trading platform.Hankotrade offers three distinct trading accounts, each with its features and benefits, allowing traders to choose an account that fits their individual needs and preferences.Additionally, the availability of both live and demo accounts offers traders the opportunity to test their strategies and refine their skills without financial risk.

Features of Hankotrade Hankotrade uses Metatrader 4 and Metatrader 5 Hankotrade utilizes the MetaTrader 4 or 5 trading platforms, providing you with a comprehensive and user-friendly interface for your trading activities.

These platforms offer a wide range of trading instruments, allowing you to diversify your portfolio.

Multiple trading tools As a trader using Hankotrade, you can access various tools to aid your trading activities. For example, you can use the forex calculator to determine the value of different currencies, which can be useful in trading decisions.You can also opt to use a virtual private server, which can enhance the speed and efficiency of your trades.

Additionally, depending on the type of trading account you have with Hankotrade, you may be eligible for commission-free or low-commission trading, giving you more flexibility in managing your trading expenses.

Demo accounts By utilizing the demo accounts offered by Hankotrade, you can get hands-on experience with the trading platform without having to invest real money.

The demo accounts provide access to various trading instruments and analytical tools, allowing you to familiarize yourself with the platform and develop your skills. Furthermore, there is no financial risk involved as you trade with virtual funds on the demo account.

Live trading accounts Once you are ready to take the next step in your trading journey, you can open multiple live trading accounts. It’s important to note that live trading involves money and real risks.

Market updates Hankotrade offers an educational platform for traders with access to up-to-date market news and analysis. By subscribing to their newsletter, you will receive regular updates on the latest financial and trading developments.

[analyzingalpha]

My Forex Funds: Comprehensive Review (2023)

Are you a beginner or professional trader looking to break into the forex market and grow your skills? If you’re passionate about trading but lack the funds, you should consider teaming up with a prop trading firm. Good prop trading ... Read more

[officewebmaster415]

quantummarkets

In the dynamic world of online trading, QuantumMarkets has emerged as a prominent player, garnering attention from investors and traders alike. However, with its rising popularity, questions regarding its legitimacy, company details, and potential complaints have surfaced. In this comprehensive guide, we delve into the intricacies of QuantumMarkets address concerns, providing insights, and offering solutions for those seeking clarity and resolution.

QuantumMarkets: Exploring Legitimacy

As the digital landscape continues to evolve, ensuring the legitimacy of online trading platforms is paramount. Prospective users often ponder, "Is QuantumMarkets legit?" To address this query, it's crucial to scrutinize various facets of the platform. QuantumMarkets, registered as QuantumMarkets login., boasts a user-friendly interface, offering a spectrum of trading options spanning cryptocurrencies, forex, commodities, and indices. Moreover, the platform adheres to regulatory standards, providing transparency and security to its users. While online reviews may vary, conducting thorough research and exercising diligence can aid in gauging QuantumMarkets' legitimacy.

QuantumMarkets Company Details and Address

Establishing trust in an online trading platform entails understanding its corporate structure and physical presence. QuantumMarkets complaint under the legal entity QuantumMarkets Ltd., with its registered address readily available for verification. For individuals seeking further information regarding the company's operations, regulatory compliance, and corporate governance, QuantumMarkets' official website serves as a valuable resource.

Addressing Complaints and Recovery

In the realm of online trading, occasional grievances may arise, prompting users to voice concerns and seek resolution. QuantumMarkets recognizes the importance of addressing customer complaints promptly and efficiently. Through dedicated customer support channels, users can articulate their issues, allowing QuantumMarkets to investigate and provide remedial measures. Additionally, for users encountering challenges related to fund recovery, QuantumMarkets offers guidance and assistance, facilitating the process of reclaiming funds through legitimate channels.

Navigating QuantumMarkets: Contact Information

Effective communication channels are indispensable for fostering transparency and resolving queries in a timely manner. QuantumMarkets prioritizes user engagement and offers multiple avenues for contact, quantummarkets email and phone support. Whether users seek clarification on trading strategies, account management, or technical assistance, QuantumMarkets' responsive customer support team stands ready to assist.

Transition from qmmarket.net is Now QuantumMarkets.ltd

Noteworthy to mention is the transition from qmmarket.net is no QuantumMarkets.ltd, marking a strategic evolution in the platform's branding and domain identity. This transition underscores QuantumMarkets' commitment to enhancing user experience and solidifying its presence in the online trading landscape.

Reclaiming Funds from QuantumMarkets

For individuals endeavoring to recover money from QuantumMarkets, navigating the process can be daunting. How to recover my money from quantummarkets, users can initiate fund recovery procedures effectively. QuantumMarkets provides comprehensive guidance on fund recovery, empowering users to navigate the process with confidence and clarity.

QuantumMarkets.net is now quantummarkets.ltd, offering a diverse array of trading options coupled with robust security measures. By prioritizing user engagement, transparency, and regulatory compliance, QuantumMarkets contact number cultivate trust and empower users to navigate the complexities of online trading successfully.

quantummarkets

[eagleaifx]

Top 10 Copy Trading Strategy : Step-by-Step Guide

Introduction:Step 1: Define Your Goals and Risk Tolerance:Step 2: Choose Your Copy Trading Platform:Step 3: Research and Select Traders Or Strategies:Step 4: Set Allocation and Risk Parameters:Step 5: Monitor and Adjust:Step 6: Stay Informed and Educated:Step 7: Emotion Control and Discipline:Step 8: Risk Management:Step 9: Review and Adjust Your Strategy:Conclusion:

Introduction:

Copy trading is a powerful tool that allows individuals to participate in the forex market by replicating the trades of experienced traders or strategies from trading robot ( EA ) to boost your passive income profit. However, success in copy trading requires more than just blindly following others; you need to understand the basic knowledge of forex trading and copy trade. It demands a well-structured strategy that aligns with your goals and risk tolerance.

In this step-by-step guide, we'll take you through the process of building your own copy trading strategy, helping you make informed decisions and increase your chances of success.

Step 1: Define Your Goals and Risk Tolerance:

Before diving into copy trading, setting clear objectives and understanding your risk tolerance is essential. Ask yourself: - What are my financial goals? Do I seek long-term growth, regular income, or a balanced approach? - How much risk can I comfortably tolerate? Consider your financial situation and emotional resilience. Example: If you're a conservative investor nearing retirement, your goal might be capital preservation with low risk tolerance. On the other hand, a younger investor may aim for aggressive growth with higher risk tolerance.

Step 2: Choose Your Copy Trading Platform:

Selecting the right forex broker platform is crucial to your copy trading success. Consider the following factors: - Research and choose a reputable copy trading platform. - Evaluate platform features like trader selection, risk management tools, and fees. Example: You might opt for a platform with a diverse pool of experienced traders, transparent fee structures, and robust risk management features.

Step 3: Research and Select Traders Or Strategies:

Picking the right strategies & traders to copy is the heart of your strategy; always check the trading performance before deciding. Conduct thorough research by: - Examining trader profiles, including their trading history and strategies. - Considering their risk levels and historical performance. Example: You could choose a mix of traders or strategies, including a conservative trader focused on steady gains and a high-risk trader aiming for substantial profits.

Step 4: Set Allocation and Risk Parameters:

To safeguard your capital, define allocation and risk parameters: - Determine the percentage of your capital to allocate to each trader. - Set stop-loss and take-profit levels to manage potential losses and secure profits. Example: You may allocate 30% of your capital to a low-risk trader with a 10% stop-loss, while allocating 20% to a higher-risk trader with a 20% stop-loss.

Step 5: Monitor and Adjust:

Active monitoring of your copy trading portfolio is essential: - Regularly review trader performance and adherence to your strategy. - Be prepared to make adjustments if a trader's strategy or performance deviates from your goals. Example: If a trader consistently underperforms or changes their strategy, consider reallocating funds to align with your objectives.

Step 6: Stay Informed and Educated:

Successful copy trading requires ongoing learning: - Attend webinars, read educational material, and stay informed about market news and trends. Example: Continuously educating yourself about the forex market helps you make informed decisions and adapt to changing market conditions.

Step 7: Emotion Control and Discipline:

Emotions can disrupt your strategy. Maintain discipline by: - Avoiding impulsive decisions driven by fear or greed. Example: Stick to your pre-defined risk parameters and avoid panic-selling during market fluctuations.

Step 8: Risk Management:

Implement risk management techniques: - Set a maximum drawdown limit to protect your capital. - Diversify your copy trading portfolio to spread risk across different assets and trading styles. Example: By limiting your maximum drawdown to 20%, you reduce the risk of significant capital loss.

Step 9: Review and Adjust Your Strategy:

Periodically review your strategy: - Assess whether your financial goals and risk tolerance have changed. - Make necessary adjustments based on your evolving objectives. Example: If you decide to shift from aggressive growth to income generation, reallocate funds accordingly.

Conclusion:

Building a successful copy trading strategy requires careful planning, ongoing education, and unwavering discipline. By following these steps and tailoring your strategy to your unique circumstances, you can create a roadmap for achieving your financial goals through copy trading. Remember that while copy trading offers opportunities, it also carries risks, and past performance is not indicative of future results. Stay committed to continuous improvement, adapt to changing market conditions, and make informed decisions along your copy trading journey. Happy and responsible copy trading! Read the full article

[jasonnylaura]

How can I get my money back from a binary options scam?

A binary option is similar to a normal (“vanilla”) option, where you pay a premium for the option to buy or sell an instrument at a fixed price (the exercise price – see box below for a detailed explanation). Profits or losses on vanilla options can be small or large, depending on the difference between the “exercise” price and the price of the underlying asset.

Unlike normal options, however, binary options do not fluctuate in value. Either the option is “in the money” on expiry – in which case it pays out – or it isn’t, in which case it expires worthless. Because of this binary nature, many shysters see an opportunity in selling binary options that are highly unlikely to end up in the money. They get to collect the hefty premiums, but never have to pay out.

Don’t be suckered by wild success stories

The media is part of the problem. Journalists, particularly those working at online content mills, are so desperate for content that might “go viral” and garner lots of hits that they’re quite willing to run a story with a click-bait headline without doing much (if any) background research. Take the recent tale of a 16-year-old “self-taught currency trader”, who apparently turned £150 into £60,000 in less than a year. This dubious success story was widely shared on social media without many questions being asked. Yet if we take those returns and calculate them on an annual basis, this 16-year-old’s return for the year would be 39,900%. That would literally make him the best trader of all time. So how did a 16-year-old school kid learn how to outsmart the best minds and machines on the planet, just by watching YouTube videos? As nobody asked him, sadly we’ll never know.

There was also the very recent example of Giovani , a 20-year-old medical student in Plymouth who claimed to be making six figures a month from foreign exchange trading. One major newspaper reported this month that more than 1,000 investors were sucked in by Singh’s Instagram account, which showed him posing in designer clothes with expensive cars at plush holiday resorts. Those who signed up for his services found that their trading accounts were emptied on Christmas Eve and the FCA has added him to its warning list of unauthorised traders (after the fact, unfortunately). But what the paper doesn’t mention in this particular piece is that Singh’s “success” was first reported on its own website in breathless, no-questions-asked fashion, in November, just a month before it all went horribly wrong.

This aggravates me because, as a genuine trader, I work hard to make profits and I know what it takes. I also don’t like to see people being conned. So I want to unpack this story for you, so that you don’t end up falling for one of these scams or something similar.

How does the binary-options scam work?

There is a reason why so many gentlemen (it’s usually men) in their early 20s now apparently own private jets, luxury cars and slick watches. It just may not be because they’ve cracked the financial markets as they claim. As Charlie Munger, Warren Buffett’s business partner, puts it: “Show me the incentive and I will show you the outcome”. There are many reputable financial-trading firms and brokerages out there. However, many – ones that I would describe as “bucket shops” – are not so reputable. Spread-betting firms typically make their money on the spread (the gap between the buying price and the selling price) and the commission paid by their clients. So their business model does not benefit from losing traders.

However, many brokers know that a losing trader can be very profitable – for them. If you know that 90% of traders will lose all of their money within six months, what do you do? Simply take the other side of the trade. When Johnny Punter buys, the broker sells. And when Johnny Punter wishes to cover his losses, the broker buys and collects the profit.

Unprofitable traders are so profitable for many a bucket shop that they will pay handsome introduction fees for new traders. Therein lies the incentive. It doesn’t matter if you’re actually making any money from your trading – if you can get even a £20 incentive for every trader who signs up with the minimum deposit of a few hundred pounds, then you only need to sign up 1,000 people a month to make £20,000. And the reality is that these brokers aren’t offering just £20 for new clients – they’re offering hundreds. I know they do, because I’ve been offered it.

The Pied Pipers of foreign exchange

If you’re not a successful trader, the next best thing is to fake it. A quick Google search reveals that you can rent a Lamborghini Huracan for four days at a price of £2,500. This is fairly steep – but you can rent a Lamborghini Gallardo for two days for £1,590. Two days is more than enough for a wannabe forex guru to take hundreds of snaps in different outfits, parking in fancy residential estates that they don’t live in and overall giving the impression over several months that they really do own a six-figure supercar. And of course, there are plenty of places to hunt down a cheap, out-of-season stay at a luxurious five-star hotel, where they can do exactly the same. Then they just pop it all on social media and wait for eager punters to line up to sign up with their “exclusive broker”.

Many brokers offer demo accounts, in which case the “guru” can just repeatedly put on ten trades in a row, come out with winners, then screenshot it and post it on Instagram. If even that is too difficult a task, then it’s a simple matter to fake the picture instead using image manipulation software and post that. With “evidence” of their success sorted out, the trader then promotes their wares with promises of “signals” that have 90% success rates, alongside key phrases such as “no risk” and “guaranteed profit”. Most informed investors realize that if a magic money-making machine did exist it would be owned by a private hedge fund, never to see the light of day. So anyone who actually believes that a 20-year-old student could pull this off is ideal bait – inexperienced, naive and potentially desperate.

The scam also succeeds because of how victims feel when they finally realize they’ve been suckered. Most don’t tell anyone because they feel foolish and want to save face. But also, they know (or rapidly learn) that there is very little the police can do. The banning of the sale of binary options was a step in the right direction. But now the traders of Instagram simply give away their “signals” to trade these options for free. And many bucket-shop brokers are overseas – often they’re not even doing anything illegal in the country in which they operate (although equally often the traders in question will imply that the bucket shop is a reputable UK-based and regulated institution, or lie flat out).

There are even operators who will manipulate the punter’s account in order to make them believe they are winning and then call on them to deposit more money. Then, when the client finally wishes to withdraw, the company goes cold and refers them to the small print, in which it says that the client must trade through an impossible amount of money just to be allowed to withdraw. Other brokers allow the affiliate to widen the spread to maximize their own commission and increase losses for their clients. We look at ways to avoid being scammed in the box below, but in short, as always – if it looks too good to be true, it is.

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How can I recover my funds on binary options?

How can I get back my lost money from a scammer?

Alienmanhackers.xyz assists individuals and corporates around the world. They are able to use tools which are available in both UK and foreign jurisdictions to secure the best outcome for clients. With the help of a friend was able to recover the sum of 42,000GBP which was stolen under the pretense of investment.

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Best Forex Brokers Pakistan for 2023

Best Forex Brokers Pakistan for 2023

Trading forex (currencies) in Pakistan is popular among residents. While recommended, online forex brokers are not required to become authorised by the Securities and Exchange Commission of Pakistan (SECP) to accept residents of Pakistan as customers.To get more news about qartal fx review, you can visit wikifx.com official website.

Is forex trading legal in Pakistan? Yes, forex trading is legal in Pakistan, albeit with restrictions. The physical exchange of money at a local kiosk or bank is regulated in Pakistan by the SBP and SECP. However, there are currently no brokers in Pakistan that are locally licensed by the SECP to provide the ability to speculate with derivatives such as spot forex contracts or CFDs.

As a result, forex traders in Pakistan use international forex brokers (such as the brokers covered in this guide). Regardless of where your international forex broker is based, it’s important to choose brokers that are well-regulated and properly licensed. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds (learn more by reading our guide to avoiding forex scams). How to verify SECP authorisation The Securities and Exchange Commission of Pakistan (SECP) was founded in 1999. Mandated by the SECP Act of 1997, the SECP regulates local capital markets, insurance companies, and other corporations and fnancial institutions. The SECP oversees all market participants for the local stock and futures exchanges and maintains a list of all regulated securities brokers that can be downloaded from the SECP’s official website in Excel format. There are currently 334 brokers regulated by the SECP that operate on local and regional stock exchanges across Pakistan. Which forex broker is best in Pakistan? IG is the best forex broker for residents of Pakistan in 2023. IG offers the ultimate forex trading package, delivering an impressive range of markets, excellent trading platforms and mobile apps, and award-winning research and educational content (IG was ranked #1 in both our Research and Education categories for our 2023 Annual Awards).

IG is also publicly traded, well-capitalized, and holds dozens of regulatory licenses in major jurisdictions around the world. Not only does IG accept clients from Pakistan, but we’ve consistently ranked IG as one of the best, most trusted brokers in the industry. IG won the top ranking for our Trust Score category for the ForexBrokers.com 2023 Annual Awards. What is the best forex trading app in Pakistan? Saxo Bank’s mobile app, SaxoTraderGO, is the best forex trading app for forex traders based in Pakistan in 2023. The SaxoTraderGO mobile app seamlessly blends elegant design and a host of powerful features, creating a trading experience that I describe as an “absolute pleasure” in my full-length review of Saxo Bank.

Whether you are exploring markets to trade, looking for investment research, or plotting trend lines and conducting technical analysis within Saxo’s powerful charts, the SaxoTraderGO user experience is highly fluid and nearly identical to Saxo Bank’s SaxoTraderGO web app. Other highlights include the ability to sync trend lines across devices and watchlists, and a smart trade ticket that lets you switch between instruments for a given asset class directly within the SaxoTraderGo app. Who are the most trusted forex brokers in Pakistan? We’ve tested over 60 of the best international brokers in the industry and conducted thorough research into each broker’s range of regulatory licenses to determine their individual Trust Score. Trust Score is a proprietary ranking system that is based on our independent research and data collection, which allows traders to get an at-a-glance rating of a broker’s overall trust. Rankings range from 1 to 99 (the higher a broker’s Trust Score, the better – learn more by visiting our Trust Score page).

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My Forex Funds: Comprehensive Review (2023)

Are you a beginner or professional trader looking to break into the forex market and grow your skills? If you’re passionate about trading but lack the funds, you should consider teaming up with a prop trading firm. Good prop trading ... Read more

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Forex Broker Scams

If you already trade the Forex market, this isn't brand-new to you. Although, if you are a novice, please know that this is a common point in Foreign exchange. For trading in any kind of monetary market you need a broker. As the Foreign exchange market isn't controlled, you have to make a far better due diligence to discover a good broker than in any other economic market that is managed like supplies, futures or choices.

I have encountered several points that you ought to prevent in a broker. All the criteria I'm going to refer have to be accomplished in order for you to have security of funds. In the first place, you ought to avoid forex brokers that are based offshore, in third world countries or brokers that do not also state where they are based. Because of the security of your funds, its informing you this. As there are many foreign exchange broker frauds, you require to pay special interest to this aspect. My suggestions is to look someplace else if your existing broker or the broker you are believing of opening up an account with has this characteristic. In the 2nd area, the forex broker you select can't trade against you. This might seem new to you but there are a whole lot of foreign exchange brokers out there that are doing this. In the third place, you must read reviews about your broker or the broker you are considering utilizing. It is always vital to read what various other traders consider them, their implementations, their spreads and even their consumer support. You must review their web page however absolutely nothing is better that asking or reviewing about them from somebody that is currently utilizing their services. Visit this site to get about much more information:-.    recover lost funds If a forex broker permits you to trade with just $100, it's because they enable you to have a huge leverage. If you're trading with simply $100, there's no space for leveraging without incurring in an extremely high threat of shedding your whole account in a single profession. In the very first area, you need to avoid forex brokers that are based offshore, in third globe countries or brokers that do not also state where they are based. If your existing broker or the broker you are assuming of opening an account with has this characteristic, my recommendations is to look someplace else. To get about more info click here : -  fraud recovery uk

In the third location, you should read evaluations concerning your broker or the broker you are thinking of making use of. If a foreign exchange broker enables you to trade with simply $100, it's because they enable you to have a large leverage.