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Everyone's going all in to buy foreign currencies. Is it worth it?

Anything related to investing, including crypto

daftypunk

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Nowadays many people are going crazy about forex and how much they are earning from trading. Our very own 'Damian Pros' is among those whose going crazy about it and he seems to be making huge profits from it. Many people seem to be promoting their softwares aswell.

Here's one of them;

Is it worth buying softwares like these if i am a struggling trader?

Seems quite legit, but considering i dont know much about investing it would be better to take advice from the pros.
 
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RealDreams

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Nowadays many people are going crazy about forex and how much they are earning from trading. Our very own 'Damian Pros' is among those whose going crazy about it and he seems to be making huge profits from it. Many people seem to be promoting their softwares aswell.

Here's one of them;

Is it worth buying softwares like these if i am a struggling trader?

Seems quite legit, but considering i dont know much about investing it would be better to take advice from the pros.
Damian Proselandis is just another guru. I honestly believe he's just like Tai Lopez. Get rich by selling...yeah, get rich quick schemes (correct me if I'm wrong, but after 4 years I still am not sure how he actually became rich).

Why would someone sell you their "secrets" for making millions? Oh yeah, sure, to "help people".

Have you even read MJ's books?
 

daniel_m

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Damian Proselandis is just another guru. I honestly believe he's just like Tai Lopez. Get rich by selling...yeah, get rich quick schemes (correct me if I'm wrong, but after 4 years I still am not sure how he actually became rich).

Why would someone sell you their "secrets" for making millions? Oh yeah, sure, to "help people".

Have you even read MJ's books?


What does this guy actually say he does for a living?
 

Odysseus M Jones

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Is it worth buying softwares like these if i am a struggling trader?
No, 70%+ of retail investors lose money when trading
A software program will just accelerate that process
 
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RealDreams

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Deleted78083

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When it comes to finance (and it's written in TMF ), you can't trust many people but yourself. Good trades happen where there is high volatility and the forex is a low-volatility market, hence the possibility to leverage your positions. I wouldn't trade forex tbh, I'd rather trade equities, options or crypto. If you have $US, what currency would you like to buy? Besides the €, I don't see any really.
 

Sethamus

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My Aussie buddy has been sending a couple of transfers less than 10k back home to get the conversion. He does not rely on this money or need to see an immediate return ( part of his savings fund) so for him it works. Daily trading, do not know much about it.
 
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P3HSB

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With foreign currency you have to be very strategic about your position. Are you taking a "risk on" or a"risk off" position.

Generally people stick to risk off currencies like the US dollar, which is known to be a safe haven. But when things rough in the U.S, people will take "risk on" currencies like EUR or GBP.

During economic uncertainty, Japanese YEN is also a currency that tends to rise when dollar falls
 
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