Complete Guide to Forex Trading (2020): Everything You ...

/r/Forex Trading Community

Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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wallstreetbets

Like 4chan found a Bloomberg Terminal
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WallStreetBets

You meant to go to /wallstreetbets, not /wsb. Have fun!
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Is this guy trying to scam me? Should I report him?

This morning, I had a guy (UK) reach out to me (USA) on Instagram. No mutuals, no reason us to be connected. After a few short messages, here's what he sent to me:
"I'm (name) and I work with a financial growth institute on Forex, I'm a professional Forex trader with 11 years experience where I'm able to achieve success where others find it difficult. ForexTrade is the fastest growing and easiest growing online trade very beneficial to everyone interested. It is trade made on Gold, Bitcoin, currencies, as well as cryptocurrencies (digital currency) and the stocks when there would be a rose or fall and it would be safe to buy or sell. You don't need any skill to do it because we are professional traders and account managers and study the stocks market and know when it's safe to sell or buy when favourable to your gain.
Forex trading is one of the highest paid investment treasury in the world, it is a lucrative platform worth trillions of dollars and you can earn tremendous profits with good experience in Forex trading. Here you can make twice your investment, no experience needed. Let's say I start trading on Forex with $5000, I'm sure to get a profit of $15000 at the end of every week or 21 days at most."
Me: "Cool, what's your role?"
Him: "I offer trading account management services with tutoring where you'll be able to watch your forex live trading account progression with each day I manage and trade your account. I charge a 20% commission of the total profits I make trading on your Forex live account.
I googled "Forex scam" and couldn't find too much online. I'm really suspicious for a few reasons:
  1. A lot of what he says seems like stringing along buzzwords in an effort to wow me. "Bitcoin... as well as cryptocurrencies" But bitcoin IS a cyrptocurrency...? Also what even is a financial growth institute?
  2. Why can't I find him on LinkedIn? That seems like an obvious place to be if you're trying to expand your network (and a whole lot more reasonable than Instagram)
  3. If we "don't need any skill to do it", why do I need to pay him 20% commission? Surely I could find someone else who will do it for less or do it myself?
  4. His Instagram says he has 8000 followers, following 7000 people. But his first post is from *3 days ago* and none of them has more than 80 likes. To me, it looks like he's bought most of his followers. Also just looking through a few of their profiles, none of them appear to be British.
  5. He seems very certain of his ability to succeed. That certainty seems misplaced for a few reasons.
  6. He has no reason to reach out to me. When I accepted his message request, I thought he had found me on Tinder or something. But no, he just saw that I'm military and I'd liked some pictures on a military page (which FUCK THIS GUY WITH A SPATULA if he's trying to scam fellow service members out of money).
So anyway. If this is a scam (which I am leaning toward yes), my follow-up would be:
  1. Can I report him to Instagram? Will anything be done?
  2. What else could I do? If he's actively targeting the military, I want to bring this guy down.
submitted by TheStairsGoUp to NoStupidQuestions [link] [comments]

What are solid sources that has helped you the most in learning/gaining success with investing/trading? Stocks, real estate, bitcoin/crypto, forex, etc.

Hi I’d like to find out more from the community about which avenues have helped you the most in learning about different investment opportunities, and which ones you’ve had the most success in. Also, if there’s any mentors that have helped you a lot along your investing journey, and experiences that helped the most to learn from past mistakes and correct them. Would love to hear more about good areas to start for beginners in any of these topics, but also open to more advanced methods that are helpful. Thank you for taking the time to read and share your insights on helpful tips and guidance towards different investment opportunities.
submitted by Adrenalence to investing [link] [comments]

Save $1800 on OFFER now! Get “#VelocityFinderNeuralTrader”, maximize your gains and experience the new, easy way #trading! https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/

Save $1800 on OFFER now! Get “#VelocityFinderNeuralTrader”, maximize your gains and experience the new, easy way #trading! https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

I want to celebrate with you the end of my backtest journey! This is what 388 k candles looks like. 710 trades. 45% winrate. 1:2 rrr. -11.5% drawdown. +486% gain. No hate! (/r/Forex)

I want to celebrate with you the end of my backtest journey! This is what 388 k candles looks like. 710 trades. 45% winrate. 1:2 rrr. -11.5% drawdown. +486% gain. No hate! (/Forex) submitted by ContentForager to mistyfront [link] [comments]

There is always room for improvement in Forex trading. And, here are some useful tips to increase your gains. #risk #losers #forexsignal #retest #tradingtips #wetalktrade

There is always room for improvement in Forex trading. And, here are some useful tips to increase your gains. #risk #losers #forexsignal #retest #tradingtips #wetalktrade submitted by Wetalktrade to u/Wetalktrade [link] [comments]

ELI5: Who pays you money when you "gain" on forex trading

I understand the basics of foreign exchange like exchanging money when coming back from holiday and the exchange rate moves favorably so you get more back than you might have expected.
But from what I understand, you don't actually buy the currency when forex trading, so who actually loses out when you win?
submitted by reindeer88 to explainlikeimfive [link] [comments]

Do you meet with recurring losses? Start to try our #Signals from #Traderpulse and gain more in your #forextrading. Here is a proof for 37 #pips in #EURJPY. Download it FREE now and join with our #successfulusers. https://traderpulse.com/forex-trade-signals/#pricing

Do you meet with recurring losses? Start to try our #Signals from #Traderpulse and gain more in your #forextrading. Here is a proof for 37 #pips in #EURJPY. Download it FREE now and join with our #successfulusers. https://traderpulse.com/forex-trade-signals/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

http://twitter.com/forex_in_world/status/1263356588305166336EUR/USD Analysis: Multi-week trading range resistance capped gains ahead of Eurozone PMIs https://t.co/QSm0xlBgom— FOREX IN WORLD (@forex_in_world) May 21, 2020

http://twitter.com/forex_in_world/status/1263356588305166336EUUSD Analysis: Multi-week trading range resistance capped gains ahead of Eurozone PMIs https://t.co/QSm0xlBgom— FOREX IN WORLD (@forex_in_world) May 21, 2020 submitted by Red-its to forextweet [link] [comments]

Forex Trading - Capital Gains or Business Income

-I trade forex throughout the week (around 10) -Generally close them out before the end of the day
Would this be counted as capital gains when I report or business income?
Would this income make me ineligible for Canada emergency Student benefit?
submitted by Mchow009 to PersonalFinanceCanada [link] [comments]

If I gained an average monthly return of 6% trading forex and reinvested my profits each month, would that be the equivalent of doubling my capital each year?

Gaining 6% is the same as multiplying by 1.06
Gaining 6% (and reinvesting the profits) twelve times a year would then be the same as multiplying by 1.0612 = 2.
Does that mean if I were to achieve 6% a month, I would be able to double by capital each year?
$1000, $2000, $4000, $8000, $16,000, $32,000, $64,000, $128,000, $256,000, $512,000, $Millionaire.
Also, how hard is it to gain a consistent monthly return of 6%? Is 6% a month a realistic goal by scalping every day, placing 5+ trades in a day?
submitted by RapidActionBattalion to Daytrading [link] [comments]

08-10 17:15 - 'Why hold btc when you can better trade it for better gain using Forex.... If you can trade you can invest on this trader on ig @binarycrypto.world for maximum gain' by /u/Foundation-Gold removed from /r/Bitcoin within 15-25min

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Why hold btc when you can better trade it for better gain using Forex.... If you can trade you can invest on this trader on ig @binarycrypto.world for maximum gain
'''
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Author: Foundation-Gold
submitted by removalbot to removalbot [link] [comments]

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Forex trading earnings is unlike the MLM products that give you instant gratification. However, you can certainly gain long-term benefits to change your lifestyle and give you security for life. If you are serious, it is time to register free at http://dominion24.esy.es/register-for-webina. submitted by edithadhanushya to u/edithadhanushya [link] [comments]

Earning profits from Forex trading can be simple if you know how to start with the minimum investments. Then you can gain experience and earn higher profits. If you are serious about mastering the art, the opportunity is at http://dominion24.esy.es/register-for-webinar/ today.

Earning profits from Forex trading can be simple if you know how to start with the minimum investments. Then you can gain experience and earn higher profits. If you are serious about mastering the art, the opportunity is at http://dominion24.esy.es/register-for-webina today. submitted by edithadhanushya to u/edithadhanushya [link] [comments]

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